Transcript EL2095 – Basilaki Island

Mines & Money Hong Kong 2013
Hong Kong Mines & Money - Explorer’s Day – 22 March 2013
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
IMPORTANT: The information in this document has been provided to you for information only by Mayur Resources (Mayur) and is subject to
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
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
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Although reasonable care has been taken to ensure that the facts stated and opinions given in this document are fair and accurate, the
information provided in this document has not been independently verified. Accordingly, no representation or warranty, express or implied is
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permitted by law, none of Mayur, its directors, employees or agents or any other persons accepts any liability for any loss whatsoever arising from
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Why Papua New Guinea?
PAPUA NEW GUINEA – A LAND OF UNIQUE POTENTIAL
 Huge mineral potential in one of the world’s most geologically
active and prospective regions
 A well-established mining sector, home to a number of world class
mines
 Supportive Government, stable legislative environment and policy
mechanisms and processes
 Favourable mining fiscal regimes such as low taxes on income and
dividends
 Mining and Petroleum sector is the biggest contributor to the PNG
economy
photo
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Mayur Resources in PNG
Building a Diversified Mineral Exploration & Development Company in PNG
建立巴布亚新几内亚第一个多元化矿产资源开发集团
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Ironsands in PNG
Resource, Scale, Infrastructure, Product & Market
 Moderate to high grade extensive Ironsands deposits in
southern PNG
 Sampling and assays returned excellent results - iron ore
concentrate (60% Fe) with low impurities
 1 Exploration Licence granted, 6 under application
 Extremely encouraging product specs benchmarked to
other industry peers
 Total area under exploration - 17,803 km²
 350 km of continuous tenements along coastline
 Initial exploration programmes completed indicate
opportunities for low cost onshore and offshore (dredging)
mining
 Underexplored highly prospective tenements
 Established team with extensive experience in delivering
early stage mineral development projects in PNG and
globally with iron/steel making a key strength
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Ironsands in PNG
Mayur Ironsands Resource - Magnetics
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Regional aeromagnetics map of the Gulf Region, red denotes strong magnetic anomaly and hence iron sands deposits
Note broad magnetic anomalies in the delta regions of the rivers
Umunda Is. Ironsands
Orope Is. ironsands
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Ironsands in PNG
Specification – extremely positive initial results
MARKETABILITY PARAMETERS
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Fe grades - average concentrate spec of 58% Fe
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Potential for Vanadium and Titanium, as a valuable by-product, with minor amounts of rutile, zircon,
ilmenite and gold
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Impurities compare well – NZ Iron and Steel is the industry benchmark and Kerema has both lower SiO2
and Al2O3
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Main markets are blast furnaces in China and new mills using Direct Reduction-Submerged Electric Arc
processes
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Intention to sign take-off agreements for 80% of production with remaining 20% sold on the spot market
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Ironsands in PNG
Development Pathway – Speed and Future Scalability
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Kerema – the Phase 1 project
Anticipate dredge mining operation and
selective onshore mining
OPEX anticipated approximately US$ 27 /t
FOB
Sales price US$ 95 – 110 per ton linked to
industry indices
Proximity to customers in Asia
Huge upside potential with the Gulf of
Papua tenement portfolio covering
12,000+ km
Potential to redefine alternative low cost
iron feed stock for steel making in Asia
Copper & Gold
Our projects
Porphyry Systems
EL2095 – Basilaki and
Sideia Islands
EL2040 - Sitipu
ELA2091 – Clay River
Volcanic Arcs and
Calderas
EL2094 – Rambutyo Is
EL2093 – Witu Islands
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Copper & Gold – Porphyry Systems
EL2095
- Basilaki
and Sideia
EL2095
- Basilaki
andIslands
Sideia Islands
Sideia Island
*10km long zone of high grade,
narrow vein mineralised structures
*High-grade (>10%) copper samples
collected at Yamaloi and Magipota
prospects
*Mayur rock chips up to 16% Cu,
3.92 gt Au
*Narrow vein copper mined in the
late 1800’s, shafts and adits located
by Mayur
*Potential porphyry system at depth
indicated by anomalous
Molybdenum assays
Basilaki Island - Tunawada Porphyry
Cu-Au Project
*Historic exploration in the 1980’s
demonstrated highly prospective
copper and gold anomalies
* Prospective multi-phase porphyry
system, copper and gold defined
within two separate zones
* Extensive chlorite-sericite-pyritesilica alteration system confirmed,
implying greater for potential
mineralisation
Copper zone – Sideia Island.
Gold in bedrock – Tunawada Prospect.
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Copper & Gold – Porphyry Systems
EL2095
– Basilaki
– Tunawada
Project
EL2095
– Basilaki
IslandIsland
– Tunawada
Project
Basilaki Island Tunawada Porphyry
Cu-Au Project
* 200m x 800m
zone of >0.5 g/t
gold-in-bedrock
anomaly (see above
image)
* Historical rock
chip results up to
239 g/t Au
* Breccia zone with
potential for high
grade gold located
by Mayur
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Copper & Gold – Volcanic Arcs & Calderas
‘Lihir-style’ Caldera targets
Lihir Gold Mine
• 65MOz @ 2g/t Au
• Newcrest Mining Ltd
• At $1600 / Oz = $104 Billion
in-ground value
• Situated within a collapsed
volcanic caldera
• Caldera 5km across
• Hot steam coming out of
ground
• Mayur’s intention is to
explore for similar style
calderas in PNG
• Garove Island, Bali Island,
and Rambutyo Islands all
have completely
unexplored collapsed
calderas
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Copper & Gold – Volcanic Arcs & Calderas
‘Lihir-style’ Caldera targets
Structural interpretation – Bali Island.
Structural interpretation – Rambutyo Island.
Structural interpretation – Garove Island
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Copper & Gold – Volcanic Arcs & Calderas
‘Lihir-style’ Caldera target – Rambutyo Island
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Mayur has just
completed our
first Stream
Sediment
sampling
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Found 4 Stm
Sed anomalies
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Best Mayur 80# Stm Sed
result – a
staggering
1070ppb Au
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Will follow-up
with more Stm
Sed sampling
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Coal in PNG
A new frontier for Coal
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Coal exploration project in PNG - consisting of 3
tenements in the Papuan Basin
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Two granted tenements - ‘Gulf Central’ and ‘Gulf
South’
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One tenement under application - ‘Gulf North’
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Total area under exploration 7,579 km²
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Initial exploration programs completed and targets
generated
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Prospects for thermal coal identified in a number
of locations
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Very close proximity to access seaborne market
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Senior team assembled with extensive experience
in delivering early stage mineral development
projects, in PNG and globally, with coal a particular
strength.
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Coal in PNG
Positive results in proven coal country
Coal in PNG
Potential to be the next Kalimantan
 Known coal
occurrences
 Unpopulated region
 River access to
seabourne market
 Government
appetite for
diversifying PNG’s
mining sector
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Mayur Resources – our team
Leadership and Delivery Team
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www.mayurresources.com