Press Conference Jaipur, 21 st February 2007
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Transcript of Press Conference Jaipur, 21 st February 2007
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Jaipur, 21st February 2007Press ConferenceJaipur, 21st February 2007
Exploring for GOLD in India
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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
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Jaipur, 21st February 2007
Indo Gold Mines Pvt Ltd
Indo Gold Limited70%
Metal Mining India Pvt Ltd30%
Indian JV Company
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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
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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.
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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
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Jaipur, 21st February 2007
Udaipur – our regional baseEarly morning on Lake Fateh Sagar
Water infrastructure built circa. 1678 by Maharana Jai Singh
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Jaipur, 21st February 2007
Tenements 2,135 km²
2 RPs granted
2 RPs applied
1 PL applied, ‘in process’
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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
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Jaipur, 21st February 2007
Mahi Zone
• 200 Level Mineral Resource Blocks
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Jaipur, 21st February 2007
Mahi Zone
• Section 6360 N Mineral Resource Blocks
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Jaipur, 21st February 2007
N
0 m 500 m
Resource Zones
Plan Viewshowing ancientworkings
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Jaipur, 21st February 2007
N0 m
500 m
Bhukia Perspective Quickbird Satellite Imageshowing resource zonesat surface
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Jaipur, 21st February 2007
Some Images
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Jaipur, 21st February 2007
Bhukia
Gossan SamplesMahi Zone
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Jaipur, 21st February 2007
Bhukia
Ancient Workings
Panch Mahuri
Delwara
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Jaipur, 21st February 2007
IGL Drilling
at Panch Mahuri Zone
at Mahi Zone
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Jaipur, 21st February 2007
Bhukia Mineralisation
Pyrrhotite Rich, Mahi Zone
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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)
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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
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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
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Jaipur, 21st February 2007
THE END?