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

RIU Resources Round-up Presentation May 2016 Gascoyne - A Near Term High Margin 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

  • Dalgaranga PFS highlights robust economics (NPV8 A$193, IRR 90%) , and low AISC (A$913/oz)

  • Targeting near-term HIGH MARGIN production of +125,000ozpa initially, with clear pathway towards 200,000ozpa through organic growth

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

  • ~15% owned by Board and management

  • Strong re-rating potential (which is underway) with an enterprise value of around $120 million

  • EV/Ounce of

  • 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

  • AGGRESSIVE EXPLORATION PROGRAM UNDERWAY: 3 Rigs currently on site

Corporate Snapshot

Capital Structure (ASX:GCY)

Shares on issue

240,250,577

Options on issue (ex 26c)

3,540,000

Market Capitalisation (at $0.55)

$132 million

Cash (March 2016)

$12.7 million

Debt

Nil

Enterprise Value

$120 million

Major Shareholders

Board and Management

15.0%

JPMorgan Nominees

18.4%

HSBC Nominees

9.0%

Citicorp Nominees

8.8%

National Nominees

4.2%

Top 10 own + 50% Top 30 own +75%

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

3

Re-rating underway..... but more to go

Note: Developers production is based on published targets, Production for producers based on upper end guidance, EV = Market Cap (10th May 2016) + debt - cash 4

Gascoyne Resources Ltd. published this content on 11 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 June 2016 08:29:02 UTC.

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