930 wally bucknell
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1 PIPELINE OF GOLD PRODUCTION IN NOVA SCOTIA …applying Australian expertise to an overlooked Canadian gold province… ASX:ATV www.atlanticgold.com.au November 2011
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Transcript of 930 wally bucknell
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PIPELINE OF GOLD PRODUCTION IN NOVA SCOTIA
…applying Australian expertise to an overlooked Canadian gold province…
ASX:ATV
www.atlanticgold.com.au
November 2011
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•Track record of gold discovery and production in Western Australia
•Focused on the same, but now in Nova Scotia
•Applying a new approach to a forgotten goldfield
•Assembled a Resource inventory of 1.2 million ounces – including Reserves of 454,000 ounces
•Project pipeline: Touquoy – next step: development
Cochrane Hill – next step: feasibility study
Exploration lands – next step: discovery
OVERVIEW
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Fully paid shares 530.1M Partly paid shares (20 cents paid to 9 cents) 30.3M Options unlisted (15.5 cents, 12 months) 2.0M Market Cap:$20-25 million
CAPITAL STRUCTURE
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Market Capitalisation per Resource Ounce
EV:resources (A$/oz)
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DEVELOPMENT PROPERTIES
THE TOUQUOY & COCHRANE HILL GOLD
PROJECTS
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Cochrane Hill
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TOUQUOY
Total 11.7 1.5 557,000
TOUQUOY WEST
Total 1.5 2.0 99,000
COCHRANE HILL
Total 10.1 1.7 549,000
TOTAL ALL 23.3 1.6 1,205,000
MINERAL RESOURCES
contained million tonnes grade g/t ounces gold
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TOUQUOY
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TOUQUOY
Proved 2.49 1.48 118,000
Probable 7.10 1.47 336,000
TOTAL 9.59 1.48 454,000
ORE RESERVES
contained million tonnes grade g/t ounces gold
11 Touquoy geology and drillhole locations
12 Touquoy deposit section 21625mE
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Low strip ratio – 2.5:1
Soft ore – BWI ~ 10
Excellent metallurgy – 93.5% (70% gravity)
Coarse grind - 150µm
Low reagent consumption – 0.4kg/t CN
Excellent CN detox
No acid rock drainage – carbonate, low sulphide
Grid power – coal-fired – 5km to connect
Excellent infrastructure
Keen local and homecoming workforce
No on-site accommodation required
Supportive government
TOUQUOY’S ADVANTAGES
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Ore reserves 9.59Mt @ 1.48g/t
Production 422,000 oz
Mine life 5.0 years
Ave annual production 84,000 oz pa
Throughput 2.0mtpa
Initial capex C$123M
Operating costs US$505/oz
Gold price US$1100/oz
Project NPV (8%, ungeared, pre-tax) C$79M
Project IRR 32%
TOUQUOY SUMMARY FINANCIALS
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ENVIRONMENTAL ASSESSMENT APPROVAL FEASIBILITY STUDY COMPLETED
MINERAL LEASE GRANTED
ACQUIRE REMAINING SURFACE TITLES
in progress
FINAL PERMITTING
Industrial Approval – documentation done
PROJECT FINANCING
Touquoy Gold Project STEPS TO PRODUCTION
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COCHRANE HILL
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COCHRANE HILL
Indicated 4.5 1.8 251,000
Inferred 5.6 1.6 298,000
Total 10.1 1.7 549,000
* Lower cut-off grade 0.5g/t
MINERAL RESOURCES
contained million tonnes grade g/t* ounces gold
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REGIONAL EXPLORATION IN NOVA SCOTIA
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Touquoy Gold Project NQ DIAMOND CORE – HOLE MR-05-084
121–122 m : 2.16 g/t
122–123 m : 9.23 g/t
123–124 m : 8.98 g/t
Argillite host rock with no quartz veins
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•Acquire remaining surface titles at Touquoy
•Grant of Touquoy Industrial Approval
•Secure project financing for Touquoy
•Complete drill-out of Cochrane Hill and commence Feasibility Study
LOOKING AHEAD
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PIPELINE OF GOLD PRODUCTION IN NOVA SCOTIA
…applying Australian expertise to an overlooked Canadian gold province…
ASX:ATV
www.atlanticgold.com.au
November 2011
