GTM greentech minerals ltd - tba

buyers building, page-2

Currently unlisted. Proposed listing date: TBA
  1. 79 Posts.
    re: att filbert ...
    Apologies, can't stay to debate the merits, but just in case you still haven't gained access ...

    Warm regards ...
    : )


    ****



    58 PEKO ROAD TENNANT CREEK NT 0860
    PO BOX 1244 TENNANT CREEK NT 0861
    Telephone 08 8962 4900 Facsimile 08 8962 2900
    Email: [email protected]
    Website: www.giantsreef.com.au
    ABN 71 058 436 794
    8 November 2004
    The Manager
    Company Announcements
    Australian Stock Exchange Limited
    Level 10, 20 Bond Street
    SYDNEY NSW 2000
    VIA: www.asx.online.com
    SUBJECT: INVESTOR PRESENTATION
    We attach a presentation by the Company¡¯s Managing Director and CEO, Mr G.V. (Joe)
    Ariti, to be given at meetings this week in Brisbane, Sydney, Melbourne and Alice Springs.
    Yours faithfully
    Michael Boud
    COMPANY SECRETARY
    Investor Update ¨C Nov 04 1
    GV Ariti MD & CEO
    Investor Presentation
    November 2004
    Investor Update ¨C Nov 04 2
    Company snapshot
    Principal Assets High-grade Chariot Gold Project
    Landholding in proven high-grade field
    Our employees and stakeholders
    Focus Tennant Creek Goldfield
    Issued Capital 859 M shares & 40 M unlisted options
    Share Price 7.5 cents
    Market Cap $64 M
    Goal Growth by building on regional strengths
    & opportunities.
    +100k oz pa & extend project life
    Investor Update ¨C Nov 04 3
    Board & Management
    Senior Management Board
    Robert Rae Chairman
    Joe Ariti MD
    Bill Duchatel Director
    Geoff Hudson Director
    Jeff Gresham Director
    Kim Bischoff Exploration
    Rob Gregory Operations
    Julian
    Tambyrajah CFO
    Mike Boud Secretary &
    Counsel
    Investor Update ¨C Nov 04 4
    Focus & Landholding
    Investor Update ¨C Nov 04 5
    Company making field
    􀂉 Gold first mined in
    the 1930¡¯s.
    􀂉 Produced in excess
    of;
    􀂉 5.5 M oz of
    gold; and
    􀂉 400,000 t of
    copper.
    􀂉 Characterised by
    high-grade,
    ¡°company making¡±
    deposits.
    Investor Update ¨C Nov 04 6
    Company objective
    ¡°Growth by building on regional
    strengths and opportunities¡±
    Strategies
    1. Expand production to +100,000 oz
    pa; and
    2. Extend project life.
    Investor Update ¨C Nov 04 7
    Delivery ¨C how?
    Extend project life +100k oz pa
    􀂉 Reserve extensions ¨C
    Chariot & Malbec West;
    􀂉 Unlocking gold associated
    with copper
    mineralisation;
    􀂉 Systematic exploration in
    Chariot & Eldorado -
    Comstock corridors; and
    􀂉 Open additional
    exploration fronts ¨C
    Northern & Eastern
    project areas.
    􀂉 Higher productivity long
    hole stoping at Chariot;
    􀂉 Develop Malbec West - in
    production October 04;
    􀂉 Small Mines development
    ¨C Edna Beryl, Cat¡¯s
    Whiskers & many others;
    and
    􀂉 Oxide gold exploration
    focus ¨C rapid open pit
    development.
    Investor Update ¨C Nov 04 8
    Project locations
    Investor Update ¨C Nov 04 9
    Chariot ¨C September Qtr
    􀂉 Decline advanced to 8
    Level ¨C 190 m below
    surface.
    􀂉 Cut & Fill stoping
    commenced on 4 Level.
    􀂉 Long-hole stope (7
    Level East)
    commissioned in late
    July.
    􀂉 7 Level LHS
    commissioned
    smoothly.
    􀂉 Definition drilling
    completed to the 12
    Level.
    Investor Update ¨C Nov 04 10
    Chariot ¨C Sept Qtr cont.
    􀂉 Mix of cut & fill and
    LHS ore milled during
    the quarter.
    􀂉 Gold production of
    18,954 oz.
    􀂉 Cash cost of $277 per oz.
    􀂉 Cash cost reduced in
    accordance with higher
    gold production.
    􀂉 Modest increase in
    production forecast for
    the December quarter ¨C
    at comparable cash cost.
    Investor Update ¨C Nov 04 11
    Production Vs Cash Cost
    11,975
    7,802
    11,237
    18,954
    5,000
    8,000
    11,000
    14,000
    17,000
    20,000
    Dec-03 Mar-04 Jun-04 Sep-04
    Quarter
    Oz produced
    $200
    $280
    $360
    $440
    $520
    $600
    Cash cost, $/oz
    Oz produced Cash cost
    Investor Update ¨C Nov 04 12
    Chariot mine plan optimised
    􀂉 Enhanced geological understanding - 8,800 m
    of underground drilling and detailed
    geological mapping of cross-cuts and ore
    drives;
    􀂉 Low margin, often narrow ore deliberately
    excluded from the mine plan;
    􀂉 Focus on extraction of the high-grade shoots;
    􀂉 Mine development capital reduced by ¡Ö $5M;
    􀂉 Improved financial outcome ¨C increasing the
    value of Chariot.
    Investor Update ¨C Nov 04 13
    Malbec West ¨C 900m from Chariot
    Investor Update ¨C Nov 04 14
    Malbec West ¨C in production
    􀂉 Shallow, high-grade.
    􀂉 High-margin, circa $4 m
    FCF.
    􀂉 Reserve ¨C 31kt @ 17.2 g/t
    Au containing 17,200 oz.
    􀂉 Pit design to 60 metres ¨C
    open below 100 m.
    􀂉 Mining commenced in
    mid-September.
    􀂉 First ore (low-grade)
    milled in early October.
    􀂉 Mining completed in
    December Qtr.
    Investor Update ¨C Nov 04 15
    Cat¡¯s Whiskers ¨C now operating
    􀂉 Portfolio of undeveloped,
    small, high-grade gold
    prospects.
    􀂉 Up-to 4 per annum
    planned adding 20k oz to
    the production profile.
    􀂉 Cat¡¯s Whiskers;
    􀂉 mining commenced in
    early September;
    􀂉 9kt @ 21 g/t containing
    6,100oz;
    􀂉 first ore scheduled for
    mid-November.
    Investor Update ¨C Nov 04 16
    Warrego mill ¨C surplus capacity
    􀂉 Metallurgical recovery
    consistently 98% or better.
    􀂉 Gravity recovery of gold
    averages 55%.
    􀂉 Currently operating at
    150 to 180k tpa
    throughput.
    􀂉 Nominal throughput
    circa. 300 to 330k tpa ¨C
    surplus capacity
    available.
    􀂉 Only plant operating in
    the field.
    Investor Update ¨C Nov 04 17
    Gold/Copper ¨C study concluding
    􀂉 Gold/copper mineralisation within Company
    landholding - no copper flotation/treatment
    circuit at Warrego;
    􀂉 Study concluding into the economics of treating
    gold/copper ore;
    􀂉 Capital cost of $8 million to add copper
    float/treatment circuit;
    􀂉 Utilise 100kt pa surplus treatment capacity at
    Warrego to potentially add circa. 30k AuEqoz pa.
    Investor Update ¨C Nov 04 18
    Orlando ¨C short lead time
    􀂉 Potential open-pit cut
    back at Orlando;
    􀂉 NTC reported
    resource of circa. 300k
    t at 6 g/t Au and 1.4%
    Cu (¡Ö 9 g/t AuEq);
    􀂉 Company finalising a
    resource estimate as
    part of the study;
    􀂉 Adjacent to bitumen
    haul road, 20 km east
    of Warrego;
    􀂉 Initial findings due for
    reporting in early
    December.
    Investor Update ¨C Nov 04 19
    Copper circuit - flotation
    Investor Update ¨C Nov 04 20
    Extensions - immediate upside
    Investor Update ¨C Nov 04 21
    Exploration model
    􀂉 Previous exploration
    focused on testing
    deep (>100m)
    magnetic targets;
    􀂉 Chariot and Malbec
    West hosted in nonmagnetic
    ironstone;
    􀂉 Exploration model
    based on identifying
    non-magnetic
    ironstones using
    gravity technology.
    Investor Update ¨C Nov 04 22
    CMC & ECMC locations
    Investor Update ¨C Nov 04 23
    CMC & ECMC ¨C initial focus
    􀂉 Quality targets being assessed;
    􀂉 Malbec North;
    􀂉 Malbec proper;
    􀂉 West Gibbet;
    􀂉 New Hope;
    􀂉 7300W.
    􀂉 Gravity & RAB programs completed in the
    September quarter;
    􀂉 RAB/RC follow-up in the December
    quarter.
    Investor Update ¨C Nov 04 24
    Chariot ¨CMalbec line
    Investor Update ¨C Nov 04 25
    Oxide Gold - underway
    􀂉 Define & rapidly develop oxide (shallow,
    open pitable) gold deposits.
    􀂉 Short development lead time, additional ore &
    potentially high cash flow contribution.
    􀂉 >10 potential oxide targets have now been
    defined ¨C not exhaustive.
    􀂉 Advanced opportunities;
    􀂉 Golden Slipper North;
    􀂉 Explorer 80; and
    􀂉 The Extension.
    Investor Update ¨C Nov 04 26
    Oxide Gold ¨C short lead time
    Investor Update ¨C Nov 04 27
    Projects ¡°pipeline¡±
    Investor Update ¨C Nov 04 28
    Clawback ¨C Juno & Nobles Nob
    􀂉 In June 2001, GTM acquired all the assets of
    NTC.
    􀂉 Included in the package was equity clawback
    rights and royalty entitlements over Nobles
    Nob & Juno.
    􀂉 Strata Mining has publicly announced it has
    reached agreement to acquire a 50% interest in
    these tenements, with an aim to rapidly
    developing Juno.
    􀂉 GTM will be carefully monitoring these
    developments.
    Investor Update ¨C Nov 04 29
    Conclusion
    􀂉 Control of a major, high-grade Australian Goldfield;
    􀂉 Majority landholding; and
    􀂉 Only operating treatment plant.
    􀂉 Producer with high-margin, cash flow and excellent
    exploration leverage;
    􀂉 Gold production of 18,954 oz in Sept. Qtr; and
    􀂉 Cash cost of A$277 per ounce.
    􀂉 Expanding production to 100k oz pa and beyond;
    􀂉 Gold/copper study due for reporting in early
    December.
    􀂉 Exploration model not previously applied to the field;
    􀂉 Early success with the discovery of Malbec West.
    􀂉 Extensive projects ¡°pipeline¡±
 
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