reis 2013 broken hill - convergent minerals asx:cvg
DESCRIPTION
The 3rd annual Resources & Energy Investment Symposium (REIS) is on 19-22 May, once again held in the unique city of Broken Hill; Last year’s event exceeded the expectations of all that attended - including over 350 delegates, 12 keynote speakers and more than 30 resource companies presenting their investment opportunities. A focus for this year’s symposium will be on the current economic climate including its challenges and opportunities, not only in the Australian resources industry, but Australia’s position in the international market.TRANSCRIPT
Convergent Minerals Limited | ASX:CVG
Resources and Energy Symposium Broken Hill, May 2013 Edward Fry, Regional Geologist
+1 million ounces of gold
Mt Holland Goldfield, WA
Convergent Minerals Limited | ASX:CVG
Important Information This presentation has been prepared by Convergent Minerals Limited (“Convergent” or the “Company”). It should not be considered as an offer or invitation to subscribe for, or purchase any, securities in the Company or as an inducement to make an offer or invitation with respect to those securities. This presentation contains forecasts, projections and forward looking information. Such forecasts, projections and information are not a guarantee of future performance and involve unknown risks and uncertainties, many of which are out of Convergent’s control. Actual results and developments will almost certainly differ materially from those expressed or implied. Convergent has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. To the maximum extent permitted by applicable laws, Convergent makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no liability for (1) the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this presentation and (2) without prejudice to the generality of the foregoing, the achievement or accuracy of any forecasts, projections or other forward looking information contained or referred to in this presentation. This overview of the Company does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of Convergent’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision. Competent Person’s Statement The information in this presentation that relates to Exploration Results and Mineral Resources is based on information compiled by David W. Price who is an Officer of the Company. David is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM), a Member of the Australian Institute of Geoscientists (MAIG) and a Member of the Australian Institute of Company Directors (MAICD). David has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. David consents to the inclusion in this presentation of the matters based on the information in the form and context in which it appears. The information in this Document that relates to Mineral Resources at Blue Vein is based on information compiled by Robin Rankin, who is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and accredited as a Chartered Professional (CP) by the AusIMM in the Geology discipline. Robin Rankin is Principal Consulting Geologist and operator of independent geological consultancy GeoRes. He has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration, and to the activity which he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (the JORC Code). He consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.
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DISCLAIMER
Convergent Minerals Limited | ASX:CVG 3
Robert Reynolds – Chairman Glenn Goodacre – Non-Exec Director John Haggman – Non-Exec Director David Price – Chief Executive Officer Hamlet Hacobian – Chief Financial Officer Evan Spencer – Project Manager
Shares On Issue 270.5 million Unlisted Options 31.5 million Market Capitalisation A$ 5.4 million Cash (31st Mar, 2013) A$ 1.6 million 52 week range A$ 0.015 - 0.043 Management 9.1%
• 1.16Moz JORC gold resource
• WA tenements
• Scoping study underway
• Experienced team
CONVERGENT OVERVIEW
Convergent Minerals Limited | ASX:CVG 4
Convergent Minerals Limited | ASX:CVG 5
Twinings Group
128,000oz
Bush Pig Razorback
38,000oz
Van Uden 238,000oz
Victory 18,000oz
Bounty Group 380,000oz
MT HOLLAND: DEVELOPMENT PROJECTS
Blue Vein 365,000oz
Convergent Minerals Limited | ASX:CVG 6
Twinings Group
128,000oz
Bush Pig Razorback
38,000oz
Van Uden 238,000oz
Victory 18,000oz
Bounty Group 380,000oz
DEVELOPMENT PROJECTS: VAN UDEN
Blue Vein 365,000oz
Van Uden JORC Mineral Resources -‐ February 20130.5g/t low grade cut-‐offResource Tonnes Gold Goldclass (t) (g/t) (oz)Measured 326,000 1.72 18,000Indicated 1,601,000 1.51 78,000Inferred 3,451,000 1.28 142,000Total 5,378,000 1.38 238,000
Convergent Minerals Limited | ASX:CVG
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VAN UDEN DEPOSIT 238,000oz Gold
1.0km
Block model 0.5g/t Au cut
Convergent Minerals Limited | ASX:CVG 8
Twinings Group
128,000oz
Bush Pig Razorback
38,000oz
Van Uden 238,000oz
Victory 18,000oz
Bounty Group 380,000oz
MT HOLLAND: DEVELOPMENT PROJECTS
Blue Vein 365,000oz
Convergent Minerals Limited | ASX:CVG 9
Twinings Group
128,000oz
Bush Pig Razorback
38,000oz
Van Uden 238,000oz
DEVELOPMENT PROJECTS: BLUE VEIN
Blue Vein 365,000oz
Blue Vein JORC mineral resource - October 2012 0.5g/t cut Resourve class oz % Tonnes (t) Au (g/t) Au (oz) Measured 39% 1,828,000 2.41 142,000 Indicated 22% 1,153,000 2.14 79,000 Inferred 39% 1,467,000 3.04 143,000 Total 4,448,000 2.55 365,000 1.5g/t cut Measured 39% 950,000 3.77 115,000 Indicated 21% 571,000 3.36 62,000 Inferred 41% 731,000 5.17 122,000 Total 2,252,000 4.12 298,000
Convergent Minerals Limited | ASX:CVG 10
BLUE VEIN: LONG-SECTION
2m @ 4.2g/t Au
14.78m @ 13.39g/t Au
3m @ 6.60g/t Au
5m @ 4.20g/t Au
5m @ 16.00g/t Au
8m @ 8.10g/t Au
6m @ 6.50g/t Au
17m @ 14.90g/t Au
12m @ 16.50g/t Au
6m @ 8.60g/t Au
9m @ 13.90g/t Au
Convergent Minerals Limited | ASX:CVG 11
BLUE VEIN: DEPOSIT FLY-THROUGH
Convergent Minerals Limited | ASX:CVG 12
Haul Roads
MT HOLLAND: EXISTING INFRASTRUCTURE
Water Borefield
Airstrip
Waste Dumps
Tailings Dams
Haul Roads
Waste Dumps
Mains Electricity
Waste Dumps
Old CIP Plant
Convergent Minerals Limited | ASX:CVG 13
• +3km under-explored • Only 24 shallow RAB holes
9m @ 5.23g/t gold from surface (RAB drilling)
2km
238,000oz
VAN UDEN: EXPLORATION POTENTIAL
Convergent Minerals Limited | ASX:CVG 14
1km
• Blue Vein strike potential
• Western structure previously unexplored
• CVG soil sampling returned 300m gold anomaly (max +1g/t Au)
BLUE VEIN: EXPLORATION POTENTIAL
Convergent Minerals Limited | ASX:CVG
MT HOLLAND: REGIONAL EXPLORATION
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Stilton 6m @ 44.6g/t Au
Irish Breakfast 16m @ 4.3g/t Au
Dreadnought 4m @ 4.4g/t Au
Victory 15m @ 5.2g/t Au
Defiance 5m @ 6.42g/t Au
Convergent Minerals Limited | ASX:CVG
• 1.16Moz JORC gold resource
• Excellent infrastructure
• Exciting projects
• Scoping studies underway
• Exploration potential
• Experienced team
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SUMMARY
Convergent Minerals Limited | ASX:CVG
Convergent Minerals Limited Suite 702, Level 7, 121 Walker Street North Sydney NSW 2060 Phone: +61 (0)2 9956 8750
Contact us
[email protected] www.convergentminerals.com