Sample heading


ASX:GCY‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌


A Near Term +100,000ozpa Gold Developer

with Organic Growth Towards 200,000ozpa

High Margin, Low-Capex Gold Developments

+2 Moz Gold Resources in WA…and Growing


Investor Presentation April 2016


Gascoyne - A Near Term Gold Developer

  • 2.1Moz of gold, across two robust gold projects on Granted Mining Leases in Western Australia, with very significant upside potential

    ▫ Dalgaranga Project: +1.05Moz Resource and growing. Near-term development opportunity with low capex and compelling project economics

    ▫ Glenburgh & Egerton Projects: +1Moz Resource and growing. Near-term development potential with robust economics - our second development project

  • Targeting near-term production of +100,000ozpa initially, with clear pathway towards 200,000ozpa through organic growth

  • One of the few ASX-listed independent gold developers in a rapidly consolidating sector

  • ~20% owned by Board and management

  • Very low corporate overheads

  • Strong re-rating potential (which is underway) with an enterprise value of around $75 million

  • EV/Ounce of ~$36 - best value gold developer on the ASX

  • Initial High Priority Exploration Drilling at Dalgaranga resulted in discovery of Hendricks including 12m @ 2.2 g/t gold to EOH and 18m @ 3.0 g/t gold to EOH

Corporate Snapshot


Major Shareholders


Yandal Investments, 1.3%


Capital Structure (ASX:GCY)

Shares on issue

206,250,577

Options on issue (ex 25 & 26c)

4,400,000

Market Capitalisation (at $0.38)

$76 million

Cash (March 2016)

$1.7 million

Debt

Nil

Enterprise Value

$75 million

National Nominees, 6.6%


Citicorp Nominees, 7.1%


JP Morgan Asset Mgt, 9.4%


Board and

Management, 20.0%


Top 10 own + 50% Top 30 own +70%


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

Recent Share Price Performance


Research Coverage

Hartleys

Scott Williamson

Evans & Partners

Cathy Moises

Argonaut

Patrick Chang

Re-rating underway..... but a long way to go


Note: Developers production is based on published targets, Production for producers based on upper end guidance, EV = Market Cap (1st April 2016) + debt - cash 4

Gascoyne Resources Ltd. issued this content on 06 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 April 2016 03:54:02 UTC

Original Document: http://www.gascoyneresources.com.au/assets/Uploads/160406-Investor-Presentation-April-2016.pdf