ASX:GCY
A Near Term 100,000ozpa Gold Developer
with Organic Growth Towards 200,000ozpa
+2.1 Moz Gold Resources in Western Australia and Growing Through Aggressive Exploration
AGM Presentation November 2016 Gascoyne - What a Difference a Year Makes2016 AGM
50c
2015 AGM
•
•
•
•
•
Share Price:
Share Price: 10c
Market Capitalisation:
Cash: Gold Price
$128 million
$12.0 million A$1,606/oz
Market Capitalisation: $20.6 million
Cash: $3.1 million
Gold Price A$1,485/oz
2.12Moz of gold in Resource
▫ Measured Resources: 324Koz
▫ Indicated Resources: 814Koz
▫ Inferred Resources: 1.0Moz
Proved and Probable Reserve: 442,000oz*
Dalgaranga Feasibility Completed#
▫ ~100,000ozpa
▫ 6 year life
▫ Processing 2.5Mtpa
Glenburgh +1.0Moz Project
Aggressive Exploration budget
* Reserve based on PFS, update completed as part of FS
# subject to board review and approval
2.05Moz of gold in Resource
▫ Measured Resources: 298Koz
▫ Indicated Resources: 641Koz
▫ Inferred Resources: 1.1Moz
Proved and Probable Reserve: Nil
Dalgaranga Scoping Study Completed
▫ ~60,000ozpa
▫ 6 year life
▫ Processing 1.2Mtpa
Glenburgh +1.0Moz Project
Limited Exploration budget
2
Gascoyne - A Near Term High Margin Gold Developer2.1Moz of gold in Resource, on Granted Mining Leases in Western Australia:
▫ Dalgaranga Project: +1.12Moz Resource and Growing.
▫ Glenburgh & Egerton Projects: 1.05Moz Resource - Our second growth project
860,000oz of gold within initial Mine Plans
550Koz at Dalgaranga, 320Koz at Glenburgh
Dalgaranga PFS highlighted strong economics at US$1,200 gold price
DFS is complete, pending board review and approval
Targeting near-term High Margin production of 100,000ozpa initially, with pathway towards 200,000ozpa through organic growth
Exploration drilling at Dalgaranga identifying SIGNIFICANT upside
AGGRESSIVE EXPLORATION PROGRAM UNDERWAY
Major Shareholders | |
Board and Management | 15.3% |
Colonial First State - Growth | 6.1% |
1832 Asset Mgt | 5.0% |
JPMorgan Asset Mgt | 4.8% |
Other Australian Funds | 16.5% |
Capital Structure (ASX:GCY) | |
Shares on issue | 256 million |
Options / Performance Shares | Nil |
Market Capitalisation (at $0.50) | $128 million |
Cash (Sept 2016) | $12.0 million |
Debt | Nil |
Enterprise Value | $116 million |
12 month Share Price Performance
Board & Management Team with Proven Track Record | |
Mike Joyce | Non-Executive Chairman |
Mike Dunbar | Managing Director |
Non-Executive Directors | |
Gordon Dunbar | Graham Riley |
John den Dryver | Stan Macdonald |
Julian Goldsworthy | Geology Manager |
Research Coverage | |
Hartleys | Mike Millikan |
Argonaut | James Wilson |
Gascoyne Resources Ltd. published this content on 24 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 November 2016 00:43:05 UTC.
Original documenthttp://www.gascoyneresources.com.au/assets/Uploads/161124-GCY-AGM-November-Investor-Presentation-ASX.pdf
Public permalinkhttp://www.publicnow.com/view/8AA415A9F8ACEB1763F238DCED4E24376B45BB52