Post on 03-Feb-2016
description
Jaipur, 21st February 2007Press ConferenceJaipur, 21st February 2007
Exploring for GOLD in India
Jaipur, 21st February 2007
The Company
• Indo Gold Limited is an Australian company based in Brisbane, Queensland
• Exploration for gold commenced +2 years ago in Rajasthan
• Plans for major investment
• I am here to announce the news of this gold find and plans for future investment
• We are also opening an office in Jaipur at Ganpati Plaza, and we are opening shortly an office in Udaipur
• Pleased to meet you for first time and hope for many more occasions in future
Jaipur, 21st February 2007
Indo Gold Mines Pvt Ltd
Indo Gold Limited70%
Metal Mining India Pvt Ltd30%
Indian JV Company
Jaipur, 21st February 2007
Company Highlights
• 2+ years since start of drilling programmes
• No resources compliant to international standards (JORC) at outset
• We have moved rapidly to improve and increase the reportable Mineral Resources as such:
– 22nd Aug 2005 0.57 Moz (18 tonnes gold)– 8th Sept 2006 1.0 Moz (31 tonnes gold)– 3rd Oct 2006 1.74 Moz (54 tonnes gold)
• Huge upside; but low grade deposit requiring specific expertise to explore and develop
Jaipur, 21st February 2007
Benefits to Rajasthan
• Revenue to state exchequer via Royalties
• Direct & indirect jobs (over two thousand)
• Development of a region that is quite undeveloped
• Ancillary businesses – transportation, processing, engineering, excavation, etc.
Jaipur, 21st February 2007
Why RAJASTHAN?
• Geology and landscape comparable to Australia
• Under-explored
• Comfortable with:– Government support for mining
– Legal framework
– Support from local communities
– Rich heritage in Rajasthan, including a long history of mining, and wonderful people
Jaipur, 21st February 2007
Udaipur – our regional baseEarly morning on Lake Fateh Sagar
Water infrastructure built circa. 1678 by Maharana Jai Singh
Jaipur, 21st February 2007
Tenements 2,135 km²
2 RPs granted
2 RPs applied
1 PL applied, ‘in process’
Jaipur, 21st February 2007
Bhukia Prospect - Soils & Resource Zones
High-order soil anomaly, open
IGL’s soil sampling adds greater definition and discovers extensions
Soil sampling continuing
Jaipur, 21st February 2007
Mahi Zone
• 200 Level Mineral Resource Blocks
Jaipur, 21st February 2007
Mahi Zone
• Section 6360 N Mineral Resource Blocks
Jaipur, 21st February 2007
N
0 m 500 m
Resource Zones
Plan Viewshowing ancientworkings
Jaipur, 21st February 2007
N0 m
500 m
Bhukia Perspective Quickbird Satellite Imageshowing resource zonesat surface
Jaipur, 21st February 2007
Some Images
Jaipur, 21st February 2007
Bhukia
Gossan SamplesMahi Zone
Jaipur, 21st February 2007
Bhukia
Ancient Workings
Panch Mahuri
Delwara
Jaipur, 21st February 2007
IGL Drilling
at Panch Mahuri Zone
at Mahi Zone
Jaipur, 21st February 2007
Bhukia Mineralisation
Pyrrhotite Rich, Mahi Zone
Jaipur, 21st February 2007
Permitting Issues
Environmental & Forestry approvals granted (first foreign company in Rajasthan)
Pioneering project so we lead, but suffer the steep learning curve!
Final approval of Prospecting Licence (PL) awaited; then we need to apply for Mining Lease (ML)
Jaipur, 21st February 2007
Targets
• Drill-out to commence 2007 subject to permitting approvals
• 60,000 metres in first phase
• Budget is Rs 60 crore (A$20 million)
• Target +5 Mozs in Resources
• Conceptual project will require Rs 2000 crore (+A$500 million)
Bhukia
Jaipur, 21st February 2007
Indo Gold Limited
• Exciting new gold (copper) province in India
• Growth by own exploration
• Bhukia – a possible very large, future mining centre?
• FIRST WORLD CLASS gold mine in Rajasthan
Thank you
Jaipur, 21st February 2007
THE END?