ianna gold project

35
Intercept Minerals Ltd Level 1, 130 Hay Street Subiaco WA 6008 Tel: (08) 6380 2799 www.interceptminerals.com .au ASX Code: IZM July 2011

Upload: edward-haney

Post on 01-Jan-2016

23 views

Category:

Documents


3 download

DESCRIPTION

Ianna Gold project. Intercept Minerals Ltd Level 1, 130 Hay Street Subiaco WA 6008 Tel: (08) 6380 2799 www.interceptminerals.com.au ASX Code: IZM. July 2011. Disclaimer. - PowerPoint PPT Presentation

TRANSCRIPT

Intercept Minerals Ltd Level 1, 130 Hay StreetSubiaco WA 6008Tel: (08) 6380 2799www.interceptminerals.com.auASX Code: IZM

July 2011

DISCLAIMER

The information contained in this Presentation should not be considered as the giving of investment advice by Intercept Minerals Ltd (Intercept) or its associates, officers, directors, employees and agents.

Each party to whom this information is made available must make its own independent assessment of Intercept after making such investigations and taking such advice as may be deemed to be necessary.

In particular, any estimates or projections or opinions contained in this supporting information necessarily involve significant elements of subjective judgment, analysis and assumptions and each recipient should satisfy itself in relation to such matters.

This Presentation is based on geological information compiled by and reported upon by Mr Paul Penna, Exploration Manager, a full-time employee of Intercept Minerals Ltd and a Member of the Australian Institute of Geoscientists with more than 20 years experience in the fields of activity reported. Mr Penna has read and gives his consent to the release of this Presentation in this form.

2

ABOUT INTERCEPT MINERALS

Name recently changed to Intercept Minerals Ltd (formerly Uramet Minerals Limited)

Listed on ASX in June 2007.

2007-09 uranium, base metals and phosphate exploration in central Australia.

April 2010 Ianna Gold Project (North-west Guyana) JV agreement signed.

Australian exploration scaled back – minimum cost to meet expenditure covenants. Seeking JV partners.

3

IANNA GOLD JOINT VENTURE – PRINCIPAL TERMS

IZM expenditure US$ 350,000 by 30 April 2011 (achieved).

IZM expenditure US$ 1,000,000 by 30 April 2012 (achieved).

IZM election to continue or withdraw from the JV by 10 January 2011 (done).

Continuation required the issue of 1 million IZM options (done).

Terms of options: strike price A$ 0.15 2 year life (expire 20 January 2013)

JV partners: IZM 50% (JV Manager & 51% of JV vote) SRM 50%

IZM option to acquire a further 25% interest for US$2.5 million expiring 30

April 2012 If option not exercised IZM is deemed to withdraw from JV 4

GUYANA

English speaking (Caribbean community)

Democratic, politically stable country

Population of ~ 770,000 ~215,000 km2

Legal system - English common law Mining royalty 5%

Corporate tax 30%“The Government welcomes and fully supports all investment, foreign and local, in the mining sector. Our resounding message is that Guyana is open for business.” Government Release, Feb 28, 2008

5

GEORGETOWN

6

GUIANA (STH AMERICA) & BIRIMIAN (WEST AFRICA) GREENSTONE BELTS

7

8

Intercept Minerals

LARGE GOLD DEPOSITS WITHIN GUIANA SHIELD

Project M oz. Au Grade(g/t Au)

Owner

Las Brisas 11.8 0.7 Gold Reserve 

Las Cristinas 16.8 1.1 Crystallex

Toroparu 9.9 0.72 Sandspring

Omai 3.7 1.4 IAMGold

Rosebel 14.0 1.1 IAMGold

Yaou/Dorlin 1.4 2.2 Auplata

Camp Caiman 3.0 2.5 IAMGold

Aurora 6.7 3.96 Guyana Goldfields

9

REGIONAL GEOLOGICAL SETTING

Ianna Gold Project lies within the Guiana Shield, a palaeo-Proterozoic granite-greenstone terrane (2.2by) forming the northern part of the Amazon craton.

Guyana’s primary gold deposits are commonly found near:

o the margins of granitoids stocks that intruded the greenstone belts.

o Fault/shear zones within the greenstone belts are also potential areas of gold deposits.

10

11

PROSPECT AREAS

1213 medium scale claims

55 km2

Project area includes 12

known prospects

FIRST PHASE EXPLORATION

First stage exploration focussed on 3 of the 12 known prospects:

King Ransom

Stone Hill

Chow Wow

13

DRILL PROGRAM

Completed small scout drilling program to identify broad zones of Au mineralisation to confirm potential for large tonnage resource.

2,252 metres 36 holes (average depth 62.5 metres)

o Stone Hill -18 holes < 60 metreso Kings Ransom - 16 holes < 70 metreso Chow Wow - 2 holes - 100 metres each

14

FIRST DRILL RESULTS – APRIL 2011

Hole ID From To Intercept g/t Au

SR004 14 24 10 1.23

SR008 0 20 20 1.02

SR009 2 18 16 1.00

SR009 42 56 14 1.52

SR014 10 60 50 2.47

SR016 16 32 16 2.75

SR017 2 12 10 1.83

KR001 0 12 12 3.99

KR013 34 44 10 1.17

Significant down hole intercepts > 10m and averaging > 1 g/t Au (0.5 g/t cut off)

22% of all holes drilled contain intercepts > 10m @ >1g/t Au (9 intercepts >10m in 8 holes)

15

STONE HILL – DRILL HOLE LOCATIONS

18 holes, each < 60 metres

16

STONE HILL TRENCH

17

~ 60 metres

STONE HILL – DRILL SECTION HOLES 13 – 16 (TR 3)

18

~45 metres

19STONE HILL TSH03 RESULTS APRIL 2011

STONE HILL – DRILL SECTION HOLES 7 – 12 (TR 4)

~ 80 metres

20

STONE HILL - HISTORICAL EXPLORATION

21

(Note: the above results have not been verified by Intercept Minerals Ltd)

STONE HILL – TEST STRIKE & DEPTH EXTENTS

Test Strike

Test S

trike

Test S

trike

Test Strike

Test

Strike

Test

Strike

Test

Strike

Test

Strike

22

Test Strike

Test Strike

Test Strike

Test Strike

23

16 holes, each < 70 metres

KINGS RANSOM PROSPECT

FIRST PASS DRILL RESULTS DEMONSTRATE PROJECT AREA

HOSTS LARGE GOLD MINERALISATION SYSTEMS

24

PHASE TWO EXPLORATION (MAY 2011 – MARCH 2012)

Drilling (approx. 12,000 metres)o Depth & strike extensions of known mineralisation

at Stone Hill and Kings Ransomo Drill test other known mineralisation at Fern Leaf,

Sherry, El Paso, Toroo Drilling new targets generated by mapping, soil

sampling & trenching

New target generation o Untested areas through mapping, soil sampling,

trenchingo Interpreting existing aeromagnetic data

25

2011-2012 PROPOSED EXPLORATION PROGRAMME

26

• ~3,400 soil samples

• ~4 km trenching

• 190 drill holes (~12,000 m)

MARKET CAPITALISATION v RESOURCE (20 JULY 2011)

AZIMUTH RESOURCESResource pending

Mkt Cap = $96m

SANDSPRING RESOURCES9.9 M oz @ 0.8 g/tMkt Cap = $279m

GUYANA GOLDFIELDS6.7 M oz @ 3.9 g/tMkt Cap = $619m

INTERCEPT MINERALSMkt Cap = $9m

27

Executive Chairman & CEO

Sam Randazzo (CA)

Non Executive Directors

Don Best (Civil Engineer)

Richard Procter (Mining Engineer/MBA)

Robert Duncan (Geologist)

Exploration Manager

Paul Penna (Geologist /MBA)

Consulting Geologists

Phil Fillis (Geologist, +30 years experience)

CFO/Company Secretary

Karen Manson (B Com/MBA/CPA)

DIRECTORS & SENIOR MANAGEMENT

28

CAPITAL STRUCTURE AT 20 JULY 2011 Issued capital: 102,446,771 ordinary shares

Options 7.65 Million

Market Capitalisation, approx A$9m (@9c)

Exercise Price Expiry Date

800,000 $0.25 19 Jun 2012

800,000 $0.30 19 Jun 2012

800,000 $0.35 19 Jun 2012

1,000,000 $0.15 20 Jan 2013

800,000 $0.07 28 Sep 2015

3,200,000 $0.125 15 Nov 2015

250,000 $0.125 14 Jul 2016

29

Shareholder Name Number of Shares % of CapitalCoffee House Group Ltd 10,109,156 9.87HSBC Custody Nominees Aust Ltd

7,963,158 7.77

Samcor Investments Pty Ltd 5,150,000 5.03Rose Richard Jack 4,410,000 4.30JP Morgan Nominees Aust Ltd 4,061,609 3.96LL Mining BV  2,337,158 2.28Ranchild Pty Ltd  2,300,000 2.25PIAT Pty Ltd   2,300,000 2.25Citicorp Nominees Pty Ltd  2,243,799 2.19National Nominees Ltd 1,995,896 1.95Merrill Lynch Aust Nominees Pty Ltd

1,885,283 1.84

Jindabyne Pty Ltd  1,600,000 1.56Sutton Myles Adrian M 1,461,077 1.43Fillis Philip N & CVN 1,149,600 1.12RK Duncan & Assoc Pty Ltd 1,000,000 0.98Latham Ridge Pty Ltd 800,000 0.78Topaz Holdings Pty Ltd 780,000 0.76Mercer Maxwell David  774,840 0.76Dittmer Lawrence Ngaio 721,975 0.70Metugo Pty Ltd 650,000 0.63

Total: 53,693,551 52.41

TOP 20 SHAREHOLDERS AT 30 JUNE 2011

30Directors/Management/Consultants 8,952,376 8.74%

HEAVY EQUIPMENT

31

DRILL TRAVERSE – KINGS RANSOM

32

DRILL RIG OFFLOADED FROM RIVER BARGE

33

DRILL RIG LANDED ON SITE

34

RC DRILLING

35