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 Makes

2016 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 Developer
  • 2.1Moz 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%

Corporate Snapshot

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

Top 10 >50% Top 30 >75%

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.

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