RES Broken Hill Symposium May 2012
RES Broken Hill Symposium
May 2012
May 2012 – RES Broken Hill Symposium
Disclaimer • The information contained in this presentation has been prepared by MacPhersons Resources Ltd (MRP).
This presentation is not an offer, invitation, solicitation or other recommendation with respect to the
subscription for, purchase or sale of any securities in MRP. This presentation has been made available for
information purposes only and does not constitute a prospectus, short form prospectus, profile statement or
offer information statement. This presentation is not subject to the disclosure requirements affecting
disclosure documents under Chapter 6D of the Corporations Act.
• While the information contained in this presentation has been prepared in good faith, neither MRP nor any
of its directors, officers, employees, agents or advisors give any representation or warranty, express or
implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and
conclusions contained in this presentation. Accordingly, to the maximum extent permitted by law, none of
MRP, its directors, officers, employees, agents, advisers, nor any other person accepts any liability whether
direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of the accuracy
or completeness of the information or for any of the opinions contained in this presentation or for any errors,
omissions or misstatements or for any loss, howsoever arising, from the use of this presentation.
• This presentation may contain statements that may be deemed ‘forward looking statements’. Forward risks,
uncertainties and other factors, many of which are outside the control of MRP, can cause actual results to
differ materially from such statements. Such risks and uncertainties include, but are not limited to,
commodity price volatility, increased production costs and variances in ore grade recovery rates from those
assumed in mining plans, as well as political and operational risks and governmental regulation and judicial
outcomes. MRP makes no undertaking to update or revise such statements, but has made every endeavour
to ensure that they are fair and reasonable at the time of making the presentation.
• Investors are cautioned that any forward looking statements are not guarantees of future performance and
that actual results or developments may differ materially from those projected in any forward looking
statements made.
• Exploration targets are conceptual in nature and drilling may not convert these to resources.
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May 2012 – RES Broken Hill Symposium
Corporate
ASX Code: MRP
ASX Listed: 24 December 2010
Ordinary Shares: 215 million
Unlisted Options: 22 million
Market Cap: A$75m at 35 cents
Cash: A$11m
Projects
100% Nimbus Silver-Gold-Zinc VHMS
100% Boorara/Coolgardie Gold Assets
Substantial Shareholders
Directors/Management: 37%
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MRP
XMM
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Nimbus Statistics (2007 – by private company) Tonnes: 318,992 tonnes Average Grade: 352 g/t silver Production: 3.6 Moz silver Operating Cost: $6.54 / oz Average Sell Price: $9.07 / oz
2012 Price: $30-$37 / oz (90 day range) 9.4 Moz Silver & 32,700 tonnes Zinc 9 additional Ag and polymetallic deposits
Bund Wall ~R3 Optimised Pit Model
May 2012 – RES Broken Hill Symposium
Nimbus Video
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May 2012 – RES Broken Hill Symposium
Our Opportunities – 9 Deposits
JORC Mineral Resource 9.4 Moz Ag + 32.7Kt Zn
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Mineral Resource Category Tonnes Grade (g/t Ag) Ounces Ag
Measured Stockpile 142,000 65 0.3M
Inferred Oxide 120,000 75 0.3M
Inferred Transitional 510,000 125 2.1M
Inferred Primary to 260m depth 1,690,000 124 6.7M
TOTAL 2,462,000 119 9.4M
+ 32.7KT Zinc
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May 2012 – RES Broken Hill Symposium
Third VHMS Lens Potential
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In Progress
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Target – Leading Silver Producer
Current Mill Capacity – 180ktpa 2013 – Mill Expansion – 480ktpa 2014 – Sulphide Plant – Zinc Conc
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Nimbus Exploration Potential
May 2012 – RES Broken Hill Symposium
Merged Big Pit on 2014 Zinc
R10 / Pit shell 28 - $124M uNPV
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Third Lens Potential Pit
$30/oz Ag - $ 91M uNPV $35/oz Ag - $124M uNPV $40/oz Ag - $151M uNPV 2014 Zn/Ag - $240M uNPV
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Silver Resource Target
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Boorara Gold Project
May 2012 – RES Broken Hill Symposium
Key Assets - Points of Difference
• Move to Producer
• Polymetallic
• Silver - Gold - Zinc
www.MRPresources.com.au
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ASX: MRP
Price: 35 cents
Mkt Cap: A$75m
May 2012 – RES Broken Hill Symposium
Supporting Information
• The following slides provide supporting information
May 2012 – RES Broken Hill Symposium
Chairman (Executive)
Ashok Parekh
BBus, FCA, AIMM, FTIA
Chartered Accountant
33 years experience
Coordinates assets for IPOs
Managing Director (Executive)
Morrie Goodz
MSc (Mining Geol), MBA, FAIMM
Cert Mine Manager
Geologist – 34 years experience
Discovered/designed 4 decline mines
Non-Executive Director
Jeffrey Williams
BSc (Mining Eng), MBA, FAIMM
Mining Engineer – 39 yrs experience
Founder – Mineral Deposits (MDL)
Company Secretary
Stephen Hewitt-Dutton
BBus, CA, SA Fin
Chartered Acct – 18 years experience
Specialist – Mergers & Acquisitions
Operations Management
Ron Ellis
BSc (Mining Eng)
Cert Mine Manager
25 years experience
Manager of Operating Mines
Project Metallurgist
Adrian Hall
BSc (Extractive Metallurgy)
10 years experience
Commissioned 4/6 processing facilities
People
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May 2012 – RES Broken Hill Symposium
Competent Person Statement
The information in this presentation that relates to mineral resources and
exploration results is based on information compiled by Mr Morrie Goodz,
who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr
Morrie Goodz is a full time officer of MacPhersons Resources Ltd and 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”. Mr Goodz has given his consent
to the inclusion in this presentation of the matters based on the
information in the form and context in which it appears.
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May 2012 – RES Broken Hill Symposium
Elephant Country
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May 2012 – RES Broken Hill Symposium
Target Plan to Production
• Nimbus Silver-Gold-Zinc Mines
Mill recommission – 2012
New Merrill Crowe – Q1 2013
Pit cutbacks and tailings processing
9 Massive Sulphide VHMS lenses
2012 - 2014
• Boorara – Coolgardie Gold Projects
Tycho pit optimisation and mine plan
MacPhersons JORC update
Boorara – Mt Monger shear zones
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Discovery Pit
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Silver Bars produced at Nimbus
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Classified Resources
Unclassified Resources 200 - 1000 g/t silver
Potential to Increase Resources
Along Strike to Discovery Pit
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Measured Resource
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May 2012 – RES Broken Hill Symposium
Third VHMS Lens
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May 2012 – RES Broken Hill Symposium
Nimbus Silver Pits
• Mining completed 2006 - 2007 to top of supergene zone
• 3.6 million ounces silver at 352 g/t (11.4 oz/t silver or 9 g/t gold equiv)
• Ore was still exposed in all 4 leading pit faces and pit floor
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May 2012 – RES Broken Hill Symposium
Boorara Proposed Open Pit
Wireframes >350 g/t Silver Significant gold deposit
within 2km of Nimbus
7m @ 112g/t gold
(incl 1m @ 738g/t gold)
500m north of CAT
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May 2012 – RES Broken Hill Symposium
Coolgardie Gold Project
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May 2012 – RES Broken Hill Symposium
Coolgardie Gold Project
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February 2012 – Corporate Update
Pit Design Study Under Way
Q4 2011 Projects
• Tycho JORC Update
• Metallurgical Testwork
• Pit Model Study
• Complete MacP Drill Program
Tycho Pit Optimisation
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Blue and white blocks are classified resource
May 2012 – RES Broken Hill Symposium
Video Flyover (on-line)
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