Clear path to production and cash flow Company presentation 25 March 2015 United Kingdom
Where are we now 100% owned, currently producing Chepica Gold-Copper mine in Chile Producing 4,000t/mth from the central part of mine Increased plant mill capacity to 10,000t/mth (new ball mill in place) Discovered new surface gold…
Mission: what are we aiming for Make profit and fund growth from internal cash flow Deliver a consistent production profile and minimise impact of mine stoppage on cash flow Create mining flexibility at Chepica mine Generate a…
What do we need to do Bed down significant progress made at the Chepica mine and ensure future production and cash flow is realised by: Developing the newly discovered gold reef on surface Exploring and developing the Colin and…
How will we get there Raise funds to (a) address the flexibility issues at the Chepica mine in order to minimise production output risk and (b) acquire, evaluate and bring to account the low cost surface copper opportunities in South…
What is the timing on all of this Chepica Open pit 6 months Chepica mine Central 3 months Concordia Copper oxides 6 months Value Carolusberg Sulphide Copper dumps 18 months Advanced Exploration Advanced Valuation…
What do investors get Value proposition Profits in excess of US500k/mth within 3 months from Chepica mine Exposure to the discovery of more gold and copper bearing reefs at the Chepica mine Low cost entry into a surface sulphide…
How does this translate into the bottom line at the Chepica mine 9000 000 8000 000 7000 000 6000 000 US 5000 000 4000 000 3000 000 2000 000 1000 000 - Q2 Q3 Q4 YR 2 YR 3 Revenue Costs 10
How does this translate into the bottom line for the copper projects The project has an NPV of US110m at an IRR of 68% assuming the following: Recoveries of 75% Copper price of US4,500/t and operating cost of US2,200/t Capital of…
Carolusberg surface copper sulphide dumps: South Africa OKiep dump 5.8Mt 0.23% Cu Carolusberg dump 28Mt 0.19% Cu 12
Carolusberg surface copper sulphide dumps: Recoveries & Budget 50 000 , 7% 250 000 , 36% 250 000 , 36% 150 000 , 21% Drilling Sampling metallurgical test work Feasibility report Need to drill approximately 250 holes…
Carolusberg surface copper sulphide dumps: What is the deal Exclusive option period of 6 months to do drilling and test work Option fee of US30k upon signing with commitment to invest to carry out drilling, metallurgical test work…
Concordia surface copper oxide dumps in South Africa Photos of heap leach operation at the Spektakel mine 15
Concordia surface copper oxide dumps in South Africa: The deal JV with Concordia Copper Company (CCC) Option fee of 3,000,000 Xtract shares for 18 month period Already have a SAMREC measured and indicated resource (Measured resource…
Conclusion 17
The Bottom Line Chepica mine will deliver a 35% profit margin within 3 months Start mining of Salvadori gold bearing reef on surface at Chepica mine Start on-reef development of Colin and Francisco prospects at the Chepica mine When…
Corporate information & Share statistics Major Shareholders % Holding Market Data (as at 25 March 2015) Polar Star Mining Corporation 13.05 Exchange AIM Jarvis Investment Management 7.91 Symbol XTR Shares in Issue 3,580m Barclayshare…
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