Convergent Minerals | ASX:CVG | RIS2014 Broken Hill Investor Presentation

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Convergent Minerals ASX:CVG - Investor presentation delivered at the 4th annual Resources Investment Symposium held in Broken Hill NSW Australia, 26-28 May 2014.

Transcript of Convergent Minerals | ASX:CVG | RIS2014 Broken Hill Investor Presentation

  • 1. Resources Symposium Broken Hill, May 2014 David W Price, Chief Executive Officer Feasibility of the BLUE VEIN GOLD PROJECT

2. Convergent Minerals Limited ASX: CVG 2 DISCLAIMER Important Information This presentation has been prepared by Convergent Minerals Limited (Convergent or the Company). It should not be considered as an offer or invitation to subscribe for, or purchase any, securities in the Company or as an inducement to make an offer or invitation with respect to those securities. This presentation contains forecasts, projections and forward looking information. Such forecasts, projections and information are not a guarantee of future performance and involve unknown risks and uncertainties, many of which are out of Convergents control. Actual results and developments will almost certainly differ materially from those expressed or implied. Convergent has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. To the maximum extent permitted by applicable laws, Convergent makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no liability for (1) the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this presentation and (2) without prejudice to the generality of the foregoing, the achievement or accuracy of any forecasts, projections or other forward looking information contained or referred to in this presentation. This overview of the Company does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of Convergents prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision. Competent Persons Statement The information in this presentation that relates to Exploration Results and Mineral Resources is based on information compiled by David W. Price who is an Officer of the Company. David is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM), and a Member of the Australian Institute of Geoscientists (MAIG). David 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 for Reporting of Exploration Results, Mineral Resources and Ore Reserves. David consents to the inclusion in this presentation of the matters based on the information in the form and context in which it appears. The information in this Document that relates to Mineral Resources at Blue Vein is based on information compiled by Robin Rankin, who is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and accredited as a Chartered Professional (CP) by the AusIMM in the Geology discipline. Robin Rankin is Principal Consulting Geologist and operator of independent geological consultancy GeoRes. He has sufficient experience which is relevant to the style of mineralization 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 for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). He consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears. 3. Convergent Minerals Limited ASX: CVG 3 CONVERGENT Directors and Management Rob Reynolds Chairman Glenn Goodacre Non Executive Director John Haggman Non Executive Director David Price Chief Executive Officer Hamlet Hacobian Chief Financial Officer ASX Code: CVG Quoted on ASX 18 December 2006 Ordinary Shares 350.3 million Unlisted Options 6.5 million Market Cap ($0.01) - Undiluted $3.5 million Range (12 months) $0.007 - $0.024 Cash on hand (31 Mar 2014) $0.35 million** Shareholder Shares (M) % Rogo Investments Pty Ltd 21.3 6.1 Navigator Australia Ltd 19.1 5.5 Bellarine Gold Pty Ltd 12.5 3.6 Technica Pty Limited 11.0 3.1 Blue Lake Resources P/L 9.7 2.8 Directors 31.8 9.1 ** $2.5m raised as announced on 30 April, 2014 4. Convergent Minerals Limited ASX: CVG 4 LOCATION 5. Convergent Minerals Limited ASX: CVG 5 1.16 million ounces Twinings Group 128,000oz Bush Pig Razorback 38,000oz Van Uden 238,000oz (80% CVG) Victory 18,000oz Bounty Group 380,000oz Blue Vein 364,000oz 6. Convergent Minerals Limited ASX: CVG 6 BLUE VEIN PROJECT 7. Convergent Minerals Limited ASX: CVG 7 INFRASTRUCTURE Water Borefield Airstrip Waste Dumps Tailings Dams Haul Roads Waste Dumps Mains Electricity Haul Roads Waste Dumps Old CIP Plant 8. Convergent Minerals Limited ASX: CVG 8 High grade gold deposit Blue Vein 364,000oz Resource Class Oz % Tonnes (t) Au (g/t) Au (oz) Measured 39% 1,828,000 2.41 142,000 Indicated 22% 1,153,000 2.14 79,000 Inferred 39% 1,467,000 3.04 143,000 Total 4,448,000 2.55 364,000 Measured 37% 422000 5.84 79000 Indicated 18% 199000 5.76 37000 Inferred 45% 337000 8.72 95000 Total 958,000 6.84 211,000 Measured 35% 228000 7.7 57000 Indicated 16% 104000 7.7 26000 Inferred 48% 199000 12.27 78000 Total 531,000 9.41 161,000 0.5g/t cut 3.0g/t cut Blue Vein JORC Mineral Resource - October 2012 4.5g/t cut 9. Convergent Minerals Limited ASX: CVG 9 Conventional mining and processing Blue Vein High grade resource (5.6g/t Au) In-pit decline access proposed Underground mining On-site gravity, CIP leach scoped Plant capital cost