FINDERS RESOURCES LIMITED Investor Presentation November 2015
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CAPITAL STRUCTURE | |
Ordinary shares | 674 million 1 |
Share Price (28 August 2015) | A$0.14 |
Market Capitalisation | ~A$94 million |
Options (Unlisted, Out of the Money) | 54 million2 |
BOARD | |
Gary Comb | (Independent Chairman) |
Barry Cahill | (Managing Director) |
Chris Farmer | (Director - Indonesia) |
Gordon Galt | (Non-executive Director - Taurus representative) |
Gavin Caudle | (Non-executive Director - Provident representative) |
REGISTER
37%
17%
25%
18%
3%
Institutions Brokers Management Private Equity Public
SUBSTANTIAL SHAREHOLDERS
Taurus Resources | 12.9% |
Provident Minerals | 12.2% |
Resource Capital Funds | 10.9% |
Saratoga | 9.1% |
Acorn Capital | 9.1% |
Includes 12m shares issued as part of mandatory converting notes (commercially ordinary shares) but excludes 15m shares issued to employees at prices from 20c to 43c per share subject to vesting conditions which are not dilutive at current prices
Exercise prices: 31m at 25.6c, 23m at 35c
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Wetar Copper Project Summary- 3,000 t.p.a. copper cathode plant operational and generating revenue
- 25,000 t.p.a. copper cathode plant under construction
Fully permitted and financed with US$162 million senior debt facility and US$45 million project level equity
On track for full production by Q1 2016
Projected initial mine life of ~10 years
Life of mine feed grade of 2.4% Cu
C1 cash cost of US$0.88/lb1 at efficient production level
Several satellite targets identified to grow mine life
Finders' ownership ~72%
1. Operating cash costs exclude royalties (4%), head office expenses and marketing expenses (expected to be zero after netting off sales premiums). Efficient 4
production levels are defined as 1,500 t.p.m. or higher. 70% of the project's copper is produced at these levels.
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