Aquila Resources Limited For personal use only · 3/5/2013 · Aquila Corporate Presentation 2013...

ASX RELEASE 5 March 2013

Perth: Level 2 Aquila Centre, 1 Preston Street, Como WA 6152 Telephone (61) 8 9423 0111 Facsimile (61) 8 9423 0133 Brisbane: Level 18, 10 Eagle Street, Brisbane QLD 4000 Telephone (61) 7 3229 5630 Facsimile (61) 7 3229 5631 Johannesburg: Block C, Ground Floor, 28 Sloane Street, Bryanston 2191, Gauteng, South Africa (27) 11 4631340 Facsimile (27) 11 4635083

Aquila Resources Limited is pleased to attach a copy of the powerpoint presentation to be delivered today at the Euroz Securities Rottnest Island Institutional Conference 2013. Tony Poli Executive Chairman For further information regarding this announcement, please contact Tony Poli. Telephone: (08) 9423 0111 Facsimile: (08) 9423 0133 Email address: [email protected] Visit us at: www.aquilaresources.com.au

Aquila Resources Limited Presentation

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Presentation to Euroz Securities Conference – 5 March 2013 Martin Alciaturi – General Manager Finance and Corporate

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Aquila Corporate Presentation 2013 2

DISCLAIMER

No representation or liability: No representation or warranty is made as to the fairness, currency, accuracy, completeness, reliability or reasonableness of this presentation, or any opinions, conclusions and forward-looking statements it contains or any other information which Aquila Resources Limited (“Aquila”) provides to you (whether in this presentation or otherwise). Except to the extent required by law, Aquila does not undertake to advise any person of any information coming to its attention (including, without limitation, correcting or updating information) relating to the financial condition, status or affairs of Aquila or its related bodies corporate.

To the maximum extent permitted by law, Aquila and its related bodies corporate and officers, employees and advisers are not liable for any loss or damage (including, without limitation, any direct, indirect or consequential loss or damage) suffered by any person directly or indirectly as a result of relying on this presentation or otherwise in connection with it.

Forward-looking statements: This presentation is heavily dependent on forecasts, projections or forward-looking statements (together the “Forward-looking Statements”). No representation or warranty is given as to the accuracy, completeness, reliability, financial feasibility, likelihood of achievement or reasonableness of any Forward-looking Statements contained in the presentation. Forward-looking Statements are by their nature subject to significant uncertainties and contingencies and no representation is made that any Forward-looking Statements will come to pass.

Seek your own independent advice: Do not rely on this presentation to make an investment decision. This presentation has been prepared without consideration of your objectives and needs (including, without limitation, the need if any for the information to be accurate, reasonable, complete or reliable) and financial situation. You should make your own independent assessment of the information in the presentation and seek your own independent professional financial, taxation and legal advice in relation to the information and before taking any action in relation to any matter contained in the presentation.

Not an offer: This presentation is not intended to be an offer for subscription, invitation, solicitation or recommendation with respect to securities in Aquila in any jurisdiction. Without limiting the foregoing, this presentation is not intended as an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in the United States, United Kingdom or Australia or to any person to whom it is unlawful to make such an offer, invitation, solicitation or recommendation. No shares or other securities in Aquila have been nor will be registered under the US Securities Act.

This presentation does not constitute an advertisement for an offer or proposed offer of securities. It is not intended to induce any person to engage in, or refrain from engaging in, any transaction.

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COMPANY OVERVIEW

CORPORATE

▲ ~A$1.1bn Market Cap(1)

▲ ~A$620m of cash and liquids, with no debt

▲ ~A$480m implied Enterprise Value ▲ ~A$227m net profit after tax for first 6 months of FY13

▲ ~A$735m net assets at 31 Dec 2012

▲ Pro forma net assets ~A$845m following Belvedere sale

CORE PROJECTS

▲ Eagle Down Hard Coking Coal Project (50%) ▲ 254Mt Reserve (JORC) ▲ 4.5Mtpa mine under construction(2)

▲ West Pilbara Iron Ore Project (50%) ▲ 445Mt Reserve (JORC) @ 57.01% Fe ▲ At least 30Mtpa of DSO

1. Undiluted shares on issue of 411.8m and closing price of $2.56, as at 1 March 2013 2. Average of 4.5Mtpa of product from one underground longwall over the first 10 years of full production

PORTFOLIO PROJECTS ▲ Avontuur Manganese Project (74%) – South Africa

▲ Thabazimbi Iron Ore Project (74%) – South Africa

▲ Washpool Hard Coking Coal Project (100%) – Queensland

▲ Other Bowen Basin coal deposits (100%) – Queensland

3 Aquila Corporate Presentation 2013

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SEP 2001 Acquisition of

tenements in the Bowen Basin

DEC 2010 West Pilbara Iron Ore Project Maiden JORC Reserve

MAY 2007 West Pilbara Iron Ore Project Maiden JORC Resource

NOV 2009 ~15% equity placement

to Baosteel

2006 2009 2010 2011 2012 2013

AQUILA’S JOURNEY SO FAR

2005 2007 2008 2004 2003 2002 2001 2000

JUN 2000 Listing on the ASX with A$6m Market Cap

JAN 2004 Formed Bowen Central Coal JV

with AMCI

NOV 2004 Interim JORC Resource for Isaac Plains

FEB 2005 JV formed with

AMCI to explore for Iron Ore in the

West Pilbara

NOV 2005 Isaac Plains

Maiden JORC Reserve

NOV 2006 Isaac Plains first

ore on ship

JUL 2012 Sale of Aquila’s 50%

interest in Isaac Plains for A$430m

DEC 2007 Sale of 25.5% interest in Belvedere for US$45m FEB 2013

A$150m received for 24.5% interest in Belvedere

JUN 2007 Eagle Downs Maiden JORC

Resource

AUG 2009 Eagle Downs Maiden JORC

coal Reserve SEP 2011

Construction commences at Eagle Downs

4

JUL 2008 Washpool Maiden JORC Resource

May 2010 Washpool Maiden

JORC Reserve

APR 2007 JV formed with Rakana to prospect for iron ore

in South Africa

MAR 2009 Avontuur Maiden JORC Resource

APR 2010 Thabazimbi Maiden JORC Resource

APR/MAY 2012 Maiden JORC Resources declared on 3 Queensland coal deposits

Aquila Corporate Presentation 2013

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BOARD AND KEY MANAGEMENT


Board Key management

Tony Poli Executive Chairman and Chief Executive Officer

Company founder and former Executive Chairman of Eagle Mining Corporation

Martin Alciaturi General Manager – Finance and Corporate Former Head of Macquarie Capital Advisers and Ernst & Young’s corporate finance practice in Perth

Jason Pavy General Manager, Legal Former Legal Manager for Ivanhoe Australia

Zhihao Dai Non-Executive Director Vice President of Baosteel Group Corporation (14.5% shareholder in Aquila)

Gordon Thomas Galt Independent Non-Executive Director Former CEO of Newcrest Mining

Charles Bennett Bass Non-Executive Director Co-founder of Aquila and Eagle Mining Corporation

Stephen Pilcher General Manager – Coal Former Executive General Manager – Project Development for Vale Coal Australia and Operations Manager at Xstrata’s Oaky North longwall mine

Blake Cannavo General Manager – Iron Ore Former Project Director for Fortescue Metals Group’s Solomon project

Steve Scudamore Non-Executive Director Former Chairman of KPMG Perth

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LOCATION 25 km south-east of Moranbah in Queensland’s Bowen Basin region

ESTIMATED MINE LIFE 47 years (all target seams)

RESOURCES(1) (JORC)

959Mt* 648Mt Measured 171Mt Indicated 140Mt Inferred

RESERVES(1) (JORC)

254Mt** 206.6Mt Proved 47.5Mt Probable

PRODUCT Hard coking coal

AQUILA INTEREST 50%

PROJECTED PRODUCTION RATE Up to 5.6Mtpa and an average of 4.5Mtpa of product from one underground longwall over the first 10 years of full production

PROJECT DETAILS

EAGLE DOWNS HARD COKING COAL PROJECT

*69Mt of Resource is deemed PCI quality **PCI Resource partially included in Reserve

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▲ Underground longwall mine under construction immediately adjacent to and down dip from BMA’s Peak Downs Mine

▲ Production would peak at 5.6Mtpa and average 4.5Mtpa from one underground longwall over the first 10 years of full production

▲ Hard coking coal from three target seams (Harrow Creek Upper, Harrow Creek Lower and Dysart)

▲ All major project approvals are in place: ▲ Environmental approval ▲ Mining Lease granted in August 2011 ▲ Cultural Heritage Management Plan executed and registered ▲ Land compensation agreement executed

▲ Coal assessed as low volatile, standard-grade hard coking and large sample testing is underway with a broader marketing program to commence soon

▲ Potential for installation of a second longwall for up to 8Mtpa of product coal at full production from 2020

EAGLE DOWNS HARD COKING COAL PROJECT


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Recent Progress On Site

▲ Contract has been awarded and work has commenced to

excavate the box-cut for the underground access

▲ A number of contracts are being tendered/executed

Construction by Powerlink of the substation is complete

Gas drainage has commenced

Completed first well system in the 100 series longwall

blocks as part of the gas drainage validation program

Built site access road and construction office

Drift portal sites cleared and concrete arch sections

delivered to site

Completed coal quality drilling program in the target seams

Construction of staff construction housing is complete

EAGLE DOWNS CONSTRUCTION UPDATE


Earthworks have commenced to dig the initial box-cut at Eagle Downs

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ACCESS ROAD


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SITE CONSTRUCTION OFFICE


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GAS DRAINAGE SETUP


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POWERLINK SUBSTATION


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▲ Mine accessed via twin parallel drifts at the shallowest area of the resource (minimising capital cost and construction time)

▲ Surface excavation will be by box-cut to a depth of approximately 20 metres, after which it will be stabilised, covered and back filled

▲ Proposed 1,200tph CHPP to utilise a standard washing process (screens, dense media cyclones, spirals and flotation) and produce a hard coking coal product

▲ Potential scalability of CHPP to accommodate the installation of a second longwall for up to 8Mtpa of product coal at full production from 2020

MINE AND PLANT DESCRIPTION

Twin drift, twin shaft underground longwall mine feeding a Coal Handling and Preparation Plant to produce a hard coking coal product


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PRECAST PORTAL ARCHES ON SITE


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BOX CUT HAS COMMENCED


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▲ Aquila has commenced the process to transfer Washpool’s port capacity at WICET to Eagle Downs, for Aquila’s share of product

▲ Long term port capacity at the proposed Dudgeon Point Coal Terminal (4km north west of Hay Point) is currently being pursued

▲ Access to rail infrastructure through the Peak Downs branch of the Goonyella Coal Network

▲ Rail capacity is being pursued through active participation in QR National’s tender process

RAIL AND PORT INFRASTRUCTURE

Eagle Downs is located in Queensland’s resource-rich Bowen Basin, adjacent to existing heavy haul rail lines connecting the Project to multiple coal terminals


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CONSTRUCTION OF WICET


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Scheduled to deliver first coal by 2015

January 2012 Project sanction

1H 2015 Drifts complete

2H 2015 First access to coal

2H 2015 Completion of surface infrastructure CHPP commissioning

2H 2016 Longwall production

2H 2013 Commence drifts

1H 2017 Practical completion

2012 2013 2014 2015 2016 2017

DEVELOPMENT TIMETABLE

* For Aquila’s share of product


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Eagle Downs is one of only three major new Australian hard coking coal projects under construction

Source: Company filings, Queensland Government Department of Natural Resources and Mines, press articles, AME

Eagle Downs Caval Ridge Grosvenor

Owner(s) Aquila (50%)

Vale S.A. (50%) BHP Mitsubishi Alliance (100%) Anglo American (100%)

Location Bowen Basin Bowen Basin Bowen Basin

Mining method Underground longwall (1 with option to expand to 2)

Open-cut dragline and truck & shovel

Underground longwall (1 with option to expand to 2)

First production 2016 (longwall commissioned) 2014 2016 (longwall commissioned)

Saleable production (Mtpa) Avg 4.5 over the first 10 years (up to 8.0 with 2nd longwall) 5.5 5.0 – 6.0

(up to 12.0 with 2nd longwall)

Mine life Up to 47 years (single longwall) >30 years 26 years (single longwall)

A TOP TIER AUSTRALIAN HARD COKING COAL OPERATION


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WEST PILBARA IRON ORE PROJECT

LOCATION Stage 1: 70km south of Pannawonica, in the Pilbara region of Western Australia

ESTIMATED MINE LIFE At least 15 years from Stage 1

RESOURCES(2) (JORC)

1,906Mt*@ 56.55% Fe

315Mt Measured 463Mt Indicated 1,128Mt Inferred

RESERVES(2) (JORC)

445Mt @ 57.01% Fe

Proved and Probable

PRODUCTS Direct ship channel iron and bedded iron fines

AQUILA INTEREST 50%

PROJECTED PRODUCTION RATE At least 30Mtpa from Stage 1

PROJECT DETAILS

* Includes West Pilbara Iron Ore Project and wider Pilbara tenements. Total Resource includes bedded, channel and detrial iron deposits.

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Aquila Corporate Presentation 2013 21

▲ Long-term staged Project, with “Stage 1” Reserves underpinning new mine, rail and port, development

▲ Significant “Stage 2” expansion potential with 1,906Mt total project Resource across entire area of nearly 9,000 km2

▲ 445Mt Reserve to support Stage 1 production of 30Mtpa of West Pilbara Fines

▲ Granted “Major Project Facilitation” status by the Federal Government

▲ Simple drill and blast, load and Haul low strip ratio (1.13:1) direct shipping ore

▲ Dedicated 282km rail line linking Mine to Anketell Port

▲ Anketell Point is supported by State Government as the next greenfield port development in the Pilbara

WEST PILBARA IRON ORE PROJECT

2

Largest proposed new DSO project held by an ASX-listed developer

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SOUTH AFRICAN PROJECTS

CAPE & LIMPOPO PROVINCES, SOUTH AFRICA

AVONTUUR MANGANESE PROJECT DETAILS

LOCATION 25 km north of Hotazel in the Northern Cape Province of South Africa

ESTIMATED MINE LIFE Initial 17 years (Gravenhage deposit only)

RESOURCES & RESERVES (3)

Avontuur Project Resources (JORC) Measured: 31.9Mt at 39.35% Mn Indicated: 47.6 at 38.35% Mn Inferred ( Gravenhage, Gravenhage South and Haakdorn): 66.7Mt at 37.16%Mn Inferred (Earsbegint): 1.8Mt at 45.50% Mn Total Resources: 147.8Mt Reserves (JORC) Proved: 8.6Mt Probable: 11.9Mt Total Reserves: 20.2Mt

PRODUCTS High grade oxide manganese at 38.2%

AQUILA INTEREST 74%

PROJECTED PRODUCTION RATE Initial 1.5Mtpa (Gavenhage deposit only)

STAGE OF DEVELOPMENT Definitive Feasibility Study completed

THABAZIMBI IRON ORE PROJECT DETAILS

LOCATION Adjacent to the township of Thabazimbi in the Limpopo Province of South Africa

RESOURCES & RESERVES (4)

Resources (JORC) Measured: 37.1Mt at 62.28% Fe Indicated: 23.5Mt at 60.85% Fe Inferred: 20.2Mt at 59.20% Fe Total Resources: 80.8Mt at 61.09% Fe

PRODUCTS Direct ship lump and fine hematite products

AQUILA INTEREST 74%

PROJECTED PRODUCTION RATE Up to 4Mtpa

STAGE OF DEVELOPMENT Scoping Study completed

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OTHER PROJECTS AND EXPLORATION QUEENSLAND COAL PROJECTS

TALWOOD COKING COAL PROJECT

LOCATION: 40km north of Moranbah in Queensland’s Bowen Basin region

RESOURCES(5)

Resources (JORC) Indicated: 137.1Mt Inferred: 109.4Mt Total Resources: 246.5Mt

PRODUCTS Semi-hard coking coal and thermal coal

AQUILA INTEREST 100%

PROJECTED PRODUCTION RATE 3Mtpa

WASHPOOL HARD COKING COAL PROJECT

LOCATION: 200km west of Rockhampton in Queensland’s Bowen Basin region

RESOURCES AND RESERVES(6)

Resources (JORC) Measured: 124.9Mt Indicated: 9.7Mt Inferred: 62.1Mt Total Resources: 196.7Mt Reserves (JORC) Proved: 94.7Mt Probable: 13.5Mt Total Reserves: 108.3Mt

PRODUCT Hard coking coal


PROJECTED PRODUCTION RATE 2.6Mtpa hard coking coal over a 16 year mine life

WILPEENA PCI COAL PROJECT

LOCATION: 50km north of Blackwater in Queensland’s Bowen Basin region

RESOURCES(7)

Resources (JORC) Indicated: 28.8Mt Inferred: 257.1Mt Total Resources: 285.9Mt

PRODUCTS PCI and thermal coal


STAGE OF DEVELOPMENT Further exploration to delineate the Resources

WALTON PCI COAL PROJECT

LOCATION: 200km west of Rockhampton in Queensland’s Bowen Basin region

RESOURCES(8)

Resources (JORC) Measured: 7.3 Indicated: 12.8Mt Inferred: 59.1Mt Total Resources: 79.2Mt

PRODUCTS PCI coal


STAGE OF DEVELOPMENT Further exploration to delineate the Resources


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▲ ~A$620m of cash and liquids, with no debt

▲ Core projects:

▲ Eagle Down Hard Coking Coal Project (50%) ▲ 4.5Mtpa mine under construction with 254Mt

Reserves (JORC)

▲ West Pilbara Iron Ore Project (50%) ▲ At least 30Mtpa DSO from 445Mt Reserve (JORC)

@ 57.01% Fe

▲ Eagle Downs is under construction and Aquila is seeking

project funding with minimal dilution

▲ Aquila will continue to add value to its smaller/earlier

stage assets in advance of monetisation

CONCLUSION

Aquila has a strong cash position to develop its major projects – including Eagle Downs, which is now under construction


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COMPETENCY STATEMENTS 1. The information in this presentation that relates to the Eagle Downs Resource Statement has been based on information compiled by Mr Mal Blaik who is a member of the Australasian

Institute of Mining and Metallurgy. Mr Blaik has over 30 years experience in geology and over 20 years experience in coal resource evaluation. Mr Blaik is a Principal Consultant of JB Mining Services Pty Ltd. Mr Blaik is a qualified geologist (BSc App Geol (Hons) University of QLD, 1979) and is a member of the Australasian Institute of Mining and Metallurgy and as such qualifies as a Competent Person under the JORC Code. Mr Blaik consents to the inclusion in the presentation of the matters based on his information in the form in which it appears.

The information in this presentation that relates to Eagle Downs Coal Reserves, is based on information reviewed by Mr Jack Steenekamp, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Steenekamp 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 JORC Code. Mr Steenekamp is a full time employee of Mining Consultancy Services (Australia) Pty Ltd and holds the position of Managing Director. Mr Steenekamp has consented to the inclusion in the presentation of the matters relating to Coal Reserves based on the information he has reviewed, in the form in which it appears.

2.

The information in this presentation that relates to Mineral Resource Statements for the West Pilbara Iron Ore Project and wider Pilbara tenement areas was prepared under the supervision of Mr Stuart Tuckey. Mr Tuckey is a member of the Australasian Institute of Mining and Metallurgy and full-time employee of API Management Pty Ltd. Mr Tuckey 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 Persons as defined in the 2004 Edition of the “Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Tuckey consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

The information in this presentation that relates to Ore Reserves is based on information compiled by Mr Steve Craig, Managing Director of ORElogy (Mining Consultants). Mr Craig is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity 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 Craig consents to the inclusion of the matters based on his information in the form and context in which it appears in this presentation.


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COMPETENCY STATEMENTS 3. The information in this release that relates to the Gravenhage Manganese Resource was prepared under the supervision of Mr Brent E Green who is a member of the Australian Institute

of Geoscientists. Mr Green is a full-time employee of Aquila Resources Limited. Mr Green 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 Competent Persons as defined in the 2004 Edition of the ‘Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves.

The information in this presentation, insofar as it relates to exploration results is based on information compiled by Brent E Green who is a member of the Australian Institute of Geoscientists, and who has more than five years experience in the field of activity being reported on. Mr Green is a full-time employee of Aquila Resources Limited. Mr Green 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 of Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Green consents to the inclusion in the presentation of the matters based on the information in the form and context in which it appears.

4.

The estimates of iron ore Resources for the Meletse Iron Ore Deposit presented in this presentation have been prepared in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves 2004 (“the JORC Code”). The estimates are based on information compiled by Mr Brent E Green who is a member of the Australian Institute of Geoscientists and a full time employee of Aquila Resources Limited. Mr Green 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 JORC Code. Mr Green consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

5.

The information in this presentation that relates to the Talwood Resource Statement has been based on information compiled by Mr Rod Doyle. He is a full-time employee of Aquila Resources Limited. He is a qualified Geologist (BSc Geology UOW 1978 and MAppSc UNSW 1988) with some 30 years’ experience in coal geology, coal mining and resource evaluation. He is a member of the Australasian Institute of Mining and Metallurgy and qualifies as a Competent Person under the JORC Code. Mr Doyle consents to the inclusion of this information in this presentation, where the information presented is in the form and context in which it appears.

6.

The information in this presentation that relates to the Washpool Resource Statement has been based on information compiled by Mr Rod Doyle, who is a full-time employee of Aquila Resources Limited. He is a qualified geologist (BSc Geology UOW 1978 and MappSc UNSW 1988) with some 30 years’ experience in coal geology, coal mining and resource evaluation. He is a member of the Australasian Institute of Mining and Metallurgy and qualifies as a Competent Person under the JORC Code. Mr Doyle holds shares in Aquila Resources Limited. The Reserves Statement in this presentation was prepared by Mr Ross Haupt who is a director of Xenith Consulting Pty Ltd. He holds a Bachelor Degree in Mining Engineering from the University of Queensland with over 25 years’ experience in the open cut coal mining industry and substantial experience in mining operations. Ross Haupt is a Member of the Australasian Institute of Mining and Metallurgy and as such qualifies as a Competent Person under the JORC Code. Mr Doyle and Mr Haupt consent to the inclusion in the announcement of the matters based on their information in the form and context in which it appears.

7.

The information in this announcement that relates to the Wilpeena Resource Statement has been based on information compiled by Mr Rod Doyle, who is a full-time employee of Aquila Resources Limited . He is a qualified Geologist (BSc Geology UOW 1978 and MAppSc UNSW 1988) with some 30 years of experience in coal geology, coal mining and resource evaluation. He is a member of the Australasian Institute of Mining and Metallurgy and qualifies as a Competent Person under the JORC Code. Mr Doyle holds shares in Aquila Resources Limited. Mr Doyle consents to the inclusion in the presentaton of the matters based on the information in the form and context in which it appears.

8.

The information in this presentation that relates to the Walton Resource Statement has been based on information compiled by Mr Rod Doyle, who is a full-time employee of Aquila Resources Limited . He is a qualified Geologist (BSc Geology UOW 1978 and MAppSc UNSW 1988) with some 30 years experience in coal geology, coal mining and resource evaluation. He is a member of the Australasian Institute of Mining and Metallurgy and qualifies as a Competent Person under the JORC Code. Mr Doyle holds shares in Aquila Resources Limited. Mr Doyle consents to the inclusion in the presentation of the matters based on the information in the form and context in which it appears.


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Aquila Resources Limited For personal use only · 3/5/2013 · Aquila Corporate Presentation 2013...

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