Investor Update Fair Bride Acquisition Agreement 29 June 2015
Where are we today Shares in Issue Market Cap Share price 2013 2.3 bn 1.4m 0.0006p Mid 2015 8.5bn 26m 0.003p In less than 16 months Company has grown from a shell with no cash and debt to a production company that is cash flow…
Benefits of Fair Bride Acquisition EBITDA of US27 million over a LOM of 15 years Acquisition cost of US12.5m (including cost of BFS) and capital outlay of US30m Payback of less than 3 years Positions Xtract as first mover to…
Fair Bride Acquisition Mozambique Favourable political and legal environment Vale Moatize Coal Multi-Party Democracy since 1994 Kenmare Moma Rio Tinto Benga Coal Min Sands Full Ministerial support 6% Royalty The next African Qatar…
Fair Bride Preliminary Economic Assessment Technical and financial plan to develop Fair Bride Open pit and shallow underground 500k tonnes processed p/a Initial Capital 28.4M Average head grade 3.0 g/t Au 46,700 oz of gold…
Fair Bride Project Metrics 7
Fair Bride Opportunities to grow Production History Zimbabwe 2.5Moz Mozambique 0.0Moz Odzi-Mutare-Manica Greenstone Belt A typical Archaean greenstone belt (160 km) extends E-NE across Zimbabwean- Mozambique border…
Fair Bride Summary Development 100% owned granted mining concession Over 1M Oz in JORC resources from 4 orebodies all of which have growth potential Proposed Operation 0.5Mt from open pit and underground for 46,700 oz of Gold per…
Chepica and OKiep Update Chepica On track to deliver profit of US1.2m per quarter Underground development progressing well Surface exploration and drilling to commence in Q3 OKiep The board has approved a US350,000 drilling,…
Appendices 11
Appendix 1 Fair Bride Key Facts Annual Production Rate 47,700 oz Au Initial mine life 8 yrs Stripping Ratio 8:1 LOM High-grade 3.49 g/t Au LOM Low-grade 0.93 g/t Au Initial capex US 28.4 M Average sulphide recovery 80% Power Cost US 0.064…
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