Investor Presentation

Aurora Minerals
Group of Companies
Positioned for Growth
April 2016
(ASX:ARM)
Disclaimer
Important Notices
This presentation has been prepared to provide information on Aurora Minerals Limited’s (Aurora) projects and those of Peninsula Mines
Limited (Peninsula), Golden Rim Resources Limited (Golden Rim) and Predictive Discovery Limited (Predictive); companies in which Aurora has
material investment. It is not intended as an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any
securities. This presentation should not be relied upon as the sole representation of any matter that a potential investor should consider in
evaluating Aurora. Its affiliates or any of its directors, agents, officers or employees do not make any representation or warranty, express or
implied, as endorsement of the accuracy, or completeness of any information, statements, representations or forecasts contained in this
presentation, and they do not accept any liability for any statement made in, or omitted from, this presentation. Prospective investors should
make their own independent evaluation of an investment in the Company.
Caution Regarding Forward Looking Information
This document contains forward looking statements concerning Aurora. Forward-looking statements are not statements of historical fact and
actual events and results may differ materially from those described in the forward looking statements as a result of a variety of risks,
uncertainties and other factors. Forward-looking statements are inherently subject to business, economic, competitive, political and social
uncertainties and contingencies. Many factors could cause the Company’s actual results to differ materially from those expressed or implied in
any forward-looking information provided by the Company, or on behalf of the Company. Such factors include, among other things, risks relating
to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory
restrictions, including environmental regulation and liability and potential title disputes. Forward looking statements in this document are based
on Aurora’s beliefs, opinions and estimates as of the dates the forward looking statements are made, and no obligation is assumed to update
forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments.
Competent Persons Statement
The information related to exploration results is extracted from reports and announcements previously provided to the ASX. All the information
presented in this investor update has been released to the market in previous Company announcements and no new exploration results are
presented in this presentation. A list of the Company's announcements is also obtainable from the Australian Securities Exchange. The
company confirms that it is not aware of any new information or data that materially affects the information included in the original market
announcement. The company confirms that the form and context in which the Competent Person’s findings are presented have not been
materially modified from the original market announcement. Certain information was prepared and first disclosed under the JORC code 2004. It
has not been updated to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was reported.
All figures in AUD unless otherwise stated
2
Corporate Structure
Aurora Minerals Group
Peninsula
Mines
Golden Rim
Resources
Predictive
Discovery
Cash
Sth Korea
Cash ~A$8M
West Africa
WA
Exploration
(ARM 32%)
(ARM 13%)
(ARM 43%)
~A$3.1M
Gascoyne
Projects
(Mar 2016)
3
Corporate Summary
Corporate Snapshot
Share Price Chart
ASX Code
ARM
Shares on issue
117M
Market Capitalisation at $0.03c
$3.5M
Cash
$3.1M*1
Investments
$5.0M
Major Shareholders
Board of Directors
African Lion
HSBC Nominees
13%
7%
43%
15%
5%
13% 4%
New Zealand holders
Jetosea
Directors
Other Top 20
Phillip Jackson
Chairman
Martin Pyle
Managing Director
Peter Cordin
Non-Exec Director
Tim Markwell
Non-Exec Director
Others
*1 As at Mar 2016
4
Aurora Minerals has invested in companies at varying
stages of exploration and development
Aurora Minerals Group Investments
Shares (M)
Golden Rim
Predictive Discovery
Peninsula Mines
Subtotal
Total value of
investments
Cash as at March 2016
Total NTA
193
572
139
%
Interest
13.4%
43.1%
32.3%
Price
$0.006
$0.004
$0.017
Mkt Val
$M
$1.2
$2.3
$2.4
$5.8
Totals
$M
NTA
c/share
$5.8
5.0
$3.1
$8.9
2.7
7.6
Value of Cash and Investments approximately 7-8c per share
Aurora’s shareholding in Peninsula Mines assumes conversion of Aurora Loan to equity as described in the PSM notice
of meeting dated 24 March 2016.
Figure above may contain rounding errors
5
Exploration in Burkina Faso
§ Predictive and Golden Rim gold exploration assets in Burkina
Faso, West Africa
§ Demonstrated “fertile” Birimian Age Greenstone Belts
§ Burkina Faso hosts 8 new Gold Mines in the past decade, one
of the world’s fastest growing gold producing regions
Golden Rim & Predictive Discovery
(Burkina Key Tenement Locations)
Samira Hill
2 Moz Au
Sebba Belt
Samira Hill Belt
7
Golden Rim – Predictive Discovery
Samira Hill Greenstone Belt – Emerging Gold Province
PDI Drilling
here
GMR Drilling
here
Predictive Discovery
Corporate Snapshot
Share Price Chart
ASX Code
PDI
Market Capitalisation at $0.004c
$5M
Cash *1
$1M
Major Shareholders
Board of Directors
*1 As at Mar 2016 est
Phillip Jackson
Chairman
Paul Roberts
Managing Director
David Kelly
Non-Exec Director
9
Predictive Discovery
Bonsiega Project
Burkina Faso Gold Exploration / Development
Bonsiega (PDI 75-100%)
§ Large prospective tract of Samira Hill Greenstone Belt
§ Bongou Prospect P1-P2
§ high grade, thick, consistent true widths
§ 52m at 3.2g/t Au incl. 6m at 10g/t Au
§ 40m at 4.3g/t Au incl. 13m at 9.7g/t Au
§ 36m at 5.0g/t Au incl. 15m at 8.9g/t Au
§ 47m at 3.2g/t Au incl. 21m at 4.9g/t Au
§ 41m at 2.8g/t Au incl. 5m at 7.8g/t Au
§ 58m at 2.0g/t Au incl. 5m at 7.3g/t Au
§ Multiple additional advanced targets P3
10
Predictive Discovery
(Aurora 43.9% )
Bongou Mineral Resource
Predictive note the following key features of the Bongou deposit: P1,2
§
“it is intrinsically high grade, because:
There is very little difference in contained ounces between the 0.4g/t Au cut-off and the 0.8g/t Au cut-off grades, and
Over 70% of the resource ounces are retained when the cut-off grade is raised from 0.8g/t Au to 2.0g/t Au, with a high average grade of
3.75g/t Au.
The bulk of the estimated resources are contained in one mineralised granite body, which is thick in the near surface and appears to taper to the
east The deposit is not closed off to the south-west or at depth.
§
§
§
§
The shape of the mineralisation lends itself to a simple open pit mining operation, with high-grade mineralisation in the near surface position,
which would suggest the possibility of early strong cash flow in a future mining operation. Gold grades are associated with pyrite-bearing altered
granite, which is very visibly distinct from the adjacent low grade gabbro, suggesting that dilution can be minimised quite easily by standard
grade control practice.
§
Previously reported metallurgical work on a composite sample of primary gold mineralisation from Bongou gave a 94% gold recovery from a
standard 75 micron grind, 72 hour cyanidation test suggesting that gold recoveries from mining this deposit would be very high.”
11
Predictive Discovery
(Aurora 43.9% )
Highlights from Recent Drilling Samira Hill Greenstone Belt – PDIG4
12
Predictive Discovery
(Aurora 43.9% )
Predictive’s projects in Cote D’Ivoire
v Cote D’Ivoire:
§ Kokoumbo - 6km long soil
anomaly, excellent trenching
results, high grades in rock chips,
200 year mining history.
Diamond drilling is now in
progress
§ Boundiali - new 5.6km long soil
anomaly, peaking at 0.8g/t Au
§ Ferkessedougou – new 3.2km
long soil anomaly, peaking at
0.9g/t Au
Bongou
District
Ferkessedougou
Boundiali
Bobosso
Kounahiri
Kokoumbo
Agbaou
§ Bobosso – major gold
mineralised system, shallow
mineralisation potential
13
Group of Companies
(ASX:ARM)
Golden Rim Resources
Corporate Snapshot
Share Price Chart
ASX Code
GMR
Market Capitalisation at $0.06
A$8.6M
Cash *1
A$8M
Board of Directors
Major Shareholders
13%
Aurora Minerals
Rick Crabb
Chairman
Craig Mackay
Managing Director
Glenister Lamont
Non-Exec Director
87%
Others
*1 Mar 2016 est. (includes final sales proceeds from Balogo sale)
15
Golden Rim
Highlights from Recent Drilling Samira Hill Greenstone Belt – GMR
16
Golden Rim Resources
(Korongou Project)
17
Golden Rim &
Predictive Discovery Synergies
~200Koz Au
+1Moz Au
CORPORATE SNAPSHOT
PSM Board of Directors
ASX Code
PSM
Phillip Jackson
Non-Executive Chairman
Shares on Issue
300M#1
Martin Pyle
Executive Director
131M#2
Daniel Noonan
Executive Director
New Placement Shares + Aurora
Loan conversion Shares
Expanded Shares on Issue
431M
Chris Rashleigh
Non-Executive Director
Market Capitalisation at $0.016c
$6.9M
Cash
~$1.7M#3
#1 Options
Aurora Minerals Limited
Directors & Management
25%
32%
on issue ~87M exercisable at various prices refer to App 5B
Dec 2015 for details
#2 shares to be issued pursuant to ASX announcement dated 10 March
2016
#3 includes net proceeds from #2 above
Perth Select
Lynch
24%
5%5%
9%
Other Top 20
Others
Post New Placement Shares and Loan conversion
Top 20 control >75% of issued capital
Tightly held capital structure
19
Asset Portfolio Focussed in South Korea
LITHIUM PROSPECTS
•
Seven tenement applications filed over the Dongsugok, Tonggo and
Ubeong lithium prospects
•
53 tenement applications filed over the Daehyeon, Deokgu, Goseon
North and Goseon South, Naedeok and Uguchi lithium Prospects.
•
Exploration program commenced in Q2 2016
•
Dongsugok prospect lies 700m along strike to the east of the Boam
Lithium Mine
•
Lithium at the neighbouring Boam Lithium Mine occurs as brecciated
quartz and lepidolite mica and quartz lepidolite veins associated
with pegmatite and aplite dykes
GRAPHITE PROSPECTS
•
Twelve tenement applications over the Daewon, Deokseung, Eunha,
Yongwon, Yongwon West and Wolmyeong graphite prospects
•
Exploration program commenced in Q2 2016
•
Wolmyeon has previous drilling results
•
Historical mines & prospects – South Korea formerly a major world
producer
OSU PORPHYRY COPPER-GOLD TARGET
•
Historical Baegun and Pal Gong Gold-Silver & Base Metal mines
•
Historical high grade production
•
Magnetic anomaly suggests porphyry target
DAEHWA MOLYBDENUM-TUNGSTEN
•
Historical Daehwa and Donsan molybdenum & tungsten mines
Minerals for a High Tech Economy
20
Lithium Projects
•
Review of historic country wide Korea Institute of Geoscience and
Mineral Resources (KIGAM) stream sediment sampling data has
highlighted an area to the south of the Sangdong tungsten mine
where an aerially extensive lithium anomaly is centred.
•
This area has the highest concentration of lithium anomalism
reported from the country wide geochemical survey.
•
KIGAM geological mapping over the area has identified numerous
pegmatitic dyke occurrences. Elevated lithium values are interpreted
to be a response to pegmatitic dykes.
21
Wolmyeong Graphite Project
•
•
•
•
•
•
•
Tenement applications cover the historical
Wolmyeong graphite mine
Wolmyeong was the largest graphite mine in South
Korea before it closed in 1987
Wolmyeong deposit predominantly contains high
grade, microcrystalline or “amorphous” graphite
Sampling by KMPC (1979) included grades from 7983% total graphitic carbon (TGC)
The grade of the Wolmyeong deposit is significantly
higher than that of South Korean flake graphite
deposits
Historical underground development extended over
300 to 750m of strike across the 3 graphitic
horizons identified thus far
Historical mining was highly selective and focussed
on the easily accessible areas of the deposit, above
260m altitude (water level). Therefore, significant
down dip potential still remains at Wolmyeong
22
Investment Highlights
• Diversified Portfolio of resource investments but with strong
focus on gold, graphite and lithium
• Trading at a substantial discount to cash backing and NTA
backing
• Highly leveraged to the exploration success of its
investments in Golden Rim, Predictive Discovery and
Peninsula Mines
Contacts
Aurora Minerals Limited
20 Kings Park Road
West Perth WA 6005
Australia
Martin Pyle
Managing Director
M: +61 429 999 552
T: + 618 61431840
Aurora Minerals (ARM):
Peninsula Mines (PSM):
Golden Rim Resources (GMR):
Predictive Discovery (PDI):
www.auroraminerals.com
www.peninsulamines.com.au
www.goldenrimresources.com.au
www.predictivediscovery.com.au