Ann: Presentation-ABU.AX, page-6

G'day Jim, To right presentation in Darwin Today
Chairman Tommy McKeith, which will take place at 11:10AM in
Darwin at
the Mining the Territory conference-so presentation commenced.
Another point /aspect of interest in presentation
page 6- Titled -Unlocking the discovery potential.
Now down the bottom of the page
Quote: Divest or farm-out the Bonanza and North Arunta projects
(Simple definition of Divest-to sell something valuable, such as property or stocks!)
So this leads one to thinking what would twin Bonanza-being both
Buccaneer & Old pirate be worth & what effect would it have on our share
price should this eventuality actually transpire ?
Any one care to give some opinions or guestamations ?


1) Obviously there would be no capital raising with a large cash injection.
2) Would imagine exploration would be stepped up.
3)The capital received would add value, hence our market cap & therefore
our share price would increase in value proportionately.
4) So what would Twin Bonanza be worth?

So indication is given in the presentation
see below

• Aggressive acquisition of in-production ounces to fill the looming production shortfall.
– Fewer quality opportunities available after a 3-year buying spree​

– In-production ounces are becoming increasingly costly (US$84/oz1 resource or
US$289/oz1 reserve)


Updated -19 August 2016

CSA Global’s Mineral Resource estimate for Old Pirate is 760,000 tonnes at an average grade of 4.7g/t for 114,900 ounces of contained gold, classified as Indicated and Inferred,
as detailed in Table 1 below.
Table 1: Old Pirate Mineral Resource Estimate by Classification and Domain (Au > 1g/t)
Domain Classification Tonnes Grade (g/t) Contained
Ounces
Western Limb Indicated 10,000 7.5 3,000 Inferred 280,000 5.5 49,700
Central Indicated 20,000 3.1 2,400 Inferred 420,000 4.2 56,300
East Indicated 5,000 7.6 500 Inferred 10,000 4.9 1,600
Golden Hind Indicated 5,000 3.5 500 Inferred 5,000 4.1 900
Sub-Total Indicated 40,000 4.6 6,500 Inferred 720,000 4.7 108,500
As previously advised, ABM now intends to assess all reasonable opportunities
available to it for the realisation of value from the Old Pirate deposit and immediately surrounding tenure, which may include the potential farm-out or divestment of the properties.​

Brett Lambert.

Buccaneer Porphyry Gold Deposit

The Buccaneer Porphyry Gold Project is 100% owned by ABM and is located approximately
4 kilometres north northwest of ABM's Old Pirate Gold Mine on the
Twin Bonanza Gold Project.
The project currently has a JORC 2012 compliant resource estimation of 15.3 million
tonnes averaging 2.23g/t gold for 1.1 million ounces (1g/t gold cut-off).

salt
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