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Africa Down Under Conference September 2014

Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

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Page 1: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

Africa Down Under Conference

September 2014

Page 2: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

Disclaimer

This presentation has been prepared by Birimian Gold Limited (BGS) for general information purposes only. The

presentation is not and should not be considered as an offer or invitation to subscribe for or purchase any securities in

BGS, or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for

securities in BGS will be entered into on the basis of this presentation. This presentation may contain certain forward-

looking statements which have not been based solely on historical facts but rather on BGS’s current expectations about

future events and a number of assumptions which are subject to significant uncertainties and contingencies many of which

are outside the control of BGS and its directors, officers and advisers. Due care and attention has been taken in the

preparation of this presentation. However, the information contained in this presentation (other than as specifically stated)

has not been independently verified for BGS or its directors and officers, nor has it been audited. Accordingly, the

company does not warrant or represent that the information contained in this presentation is accurate or complete. To the

fullest extent permitted by law, no liability, however arising, will be accepted by BGS or it’s directors, officers or advisers,

for the fairness, accuracy or completeness of the information contained in the presentation.

Forward Looking Statements

Statements regarding plans with respect to the Company’s mineral properties are forward looking statements. There can

be no assurance that the Company’s plans for development of its mineral properties will proceed as expected. There can

be no assurance that the Company will be able to confirm the presence of mineral deposits, that any mineralisation will

prove to be economic or that a mine will successfully be developed on any of the Company’s mineral properties

Competent Persons Statement

The information in this report that relates to exploration results is based on information compiled by or under the

supervision of Kevin Anthony Joyce. Mr Joyce is Managing Director of Birimian Gold and a Member of the Australian

Institute of Geoscientists. Mr Joyce has sufficient experience which is relevant to the style of mineralisation and type of

deposit under consideration and the activity he is undertaking to qualify as a Competent Person as defined in the 2012

Edition of the “Australasian Code for Reporting of Exploration Results. Mr Joyce consents to the inclusion in the report of

the matters based on his information in the form and context in which it appears.

Previous Reported Results

There is information in this presentation that relates to previously reported Exploration Results. The Company confirms that

it is not aware of any new information or data that materially affects the information included in the original market

announcement, and that all material assumptions and technical parameters have not materially changed. The Company

confirms that the form and context in which the Competent Person’s findings are presented have not been materially

modified from the original market announcement.

1 www.birimiangold.com

Page 3: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

2 www.birimiangold.com

An Emerging Gold Explorer in

West Africa

Near term focus on defining additional gold resources for potential

development at the Massigui Gold Project , Mali.

Highly prospective ground holding surrounding the world class Morila

Gold Mine.

Maiden Gold discovery at Ntiola Deposit.

Aggressive Exploration program ongoing .

Opportunity to discover and consolidate multiple shallow gold

sources within trucking distance of an existing mill and processing

facility.

Aiming to realise self-funded exploration from short term gold

production to develop additional growth opportunities.

Broaden the search for a large “company-maker” gold deposit .

Page 4: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

Corporate Overview

Shares on Issue 824.8m

Options* 26.0m

Market Cap (@ 1.2c) $9.9m

Cash $2.0m

Enterprise Value $7.9m

Significant Shareholders

Sprott Global

Resource Investments 14%

Directors 3%

Birimian Gold Limited

(ASX: BGS)

Board Winton Willesee – Non -Executive Chairman

Finance - Extensive corporate

experience

Kevin Joyce – Managing Director

Geologist – 19 years experience

Hugh Bresser – Non Executive Director

Geologist - 22 years experience

*Options: 6M ex. $0.012 and Oct 2015

20M ex. $0.031 and April 2016

12 Month Share Price History

Share

Price (

$A

) V

olu

me

3 www.birimiangold.com

Page 5: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

Aggressive Gold Explorer in West

Africa

Targeting multi-million ounce

gold deposits in Mali and

Liberia.

> 2100km2 highly prospective

landholding.

Extensive management

experience in the region.

In-country teams ready for

deployment to the Company’s

priority projects.

Implementing aggressive

exploration programs.

“Continually identifying, evaluating and acquiring

projects to add to the portfolio of quality assets”

4 www.birimiangold.com

Page 6: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

Mali 3rd Largest Gold Producer in Africa

Mali hosts a number of world

class gold mines, including:

Morila (7Moz);

Syama (7Moz);

Sadiola (13Moz); and

Papillion/Fekola (5Moz)

Excellent track record for

facilitating and permitting

gold mine developments.

BGS has a 1140km2 ground

holding in Mali.

Two Projects - 13 exploration

permits in southern Mali. BIRIMIAN GOLD’S SOUTHERN MALI GOLD PROJECTS

5 www.birimiangold.com

Page 7: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

Gold Discovery at Ntiola Deposit

Adjacent to the operating Morila

Gold Mine (> 6Moz mined).

Large (674 km2) land holding.

Predominantly held 100% by BGS.

Majority of prospective host rocks

under BGS tenure.

Excellent potential for high grade,

large tonnage, free milling gold

mineralisation.

Multiple gold prospects under

evaluation.

Highly Prospective Land Holding

Massigui Gold Project - Mali

6 www.birimiangold.com

Page 8: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

7 www.birimiangold.com

Massigui Gold Project - Mali

Existing Infrastructure

The Massigui Project area surrounds the 4Mtpa Morila Gold Plant.

Morila is a world class gold mine with maturing production.

Mill feed exhausted in 2015 – Plant to be reconfigured to reprocess tailings.

Morila Ownership – 40% Randgold (operator), 40% AngloGold and 20%

Republic of Mali.

Exploration Data Access Agreement with Randgold (March 2013).

Memorandum of Understanding for Toll Treatment with Morila SA

(June 2013).

Page 9: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

Ntiola Deposit

Birimian Gold Discovery

Located 25km from the Morila Plant.

Potential for low-cost open pit mine and

haul road style development.

Robust, well defined, shallow gold zone.

Positive preliminary metallurgy. Highly

amenable to CIL processing.

Positive social and environmental studies

along potential haul road route.

Next phase evaluation work to include –

Infill drilling to define JORC-

compliant resource.

Advanced metallurgy studies.

Formal Environmental & Social

Impact Assessment.

8 www.birimiangold.com

Page 10: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

Ntiola Deposit

9 www.birimiangold.com

Ntiola Prospect selected drill results at October 2013 (>1 g/t gold cut-off)

Drill defined over 500m of strike and to

150m vertical depth.

Gold recoveries of up to 98.4%.

High proportion of gravity recoverable gold

(up to 64.2%).

Section 1313550N

Page 11: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

> 25,000 m of drilling completed in 18

months to June 2014.

Committed to defining new gold resources

via exploration.

Systematic ongoing program of prospect

generation and drill testing of priority

targets.

674 km2 project-wide sampling program

has identified multiple new target zones.

Extensive auger drilling campaigns have

delineated new high potential targets for

drill testing.

Scout AC drilling returning ore grade

intersections.

10 www.birimiangold.com

New Discovery Potential

Massigui Project. ASIG Magnetic Image. Advanced prospects/resources shown

in yellow. Other prospects are shown as black triangles.

Page 12: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

Initial focus on expanded exploration

program in the Ntiola District.

Additional resources will have a significant

positive impact on development potential

at Ntiola Deposit.

Recent drilling shows excellent scope to

aggregate multiple new gold sources.

Early success at Viper, Koting, Koble and

Koura Prospects.

Viper Prospect - Significant new shallow

intercepts in broad spaced scout drilling,

including:

15m @ 3.45 g/t Au from 4m

16m @ 2.23 g/t Au from 17m

10m @ 2.54 g/t Au from 14m

4m @ 6.27 g/t Au from 41m

8m @ 1.60g/t Au from 29m Ntiola District. Prospects are shown in black outline over arsenic in soil image

11 www.birimiangold.com

New Discovery Potential

Page 13: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

12 www.birimiangold.com

Robust Exploration Model

Highly prospective ground holding surrounding the world class Morila

Gold Mine.

Established and effective exploration method delivering strong results.

Gold discovery at Ntiola

Aggressive Exploration program to deliver new resources.

Sound Economic Model

Opportunity to aggregate multiple shallow, open-pit, gold sources within

trucking distance of existing underutilised mill.

Potential for rapid and low capital development.

Economic model contemplates modest resource target size - achievable

& lower risk.

Massigui Gold Project - Summary

Page 14: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

High potential early stage

exploration project.

Multiple gold targets on 15km

long large-scale gold trend.

Extensive artisanal gold

workings.

100% interest in 1,000km2

license.

In close proximity to

Hummingbird Resources -

Dugbe Project (4.2Moz).

First ever modern exploration

work commenced by BGS.

Artisanal workings

at Basawa

Basawa Gold Project - Liberia

Simplified geology with gold occurrences (yellow) and gold projects (labelled).

13 www.birimiangold.com

Page 15: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

Basawa Gold Project (cont.)

14 www.birimiangold.com

Extensive artisanal gold

workings.

Multiple prospect areas.

High priority targets defined in

auger sampling at Before Camp

and Newtown.

New high potential target zone

delineated at Bafa Creek.

Trenching to define drill targets.

Anticipate drill testing priority

targets 1st Qtr 2015.

New Gold Targets on

Large-scale 15km long

Bafawehn Gold Trend

Bafawehn Gold Trend

Page 16: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

Basawa Gold Project (cont.)

15 www.birimiangold.com

High potential targets areas at Before Camp, Newtown and Bafa Creek.

Extensive artisanal alluvial mining field. Primary gold source yet to be defined.

Detailed auger sampling has delineated high tenor zones. Results up to 4.3 g/t Au.

Drill target definition to commence during upcoming field season.

Page 17: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

Summary

Massigui Gold Project, Mali

Quality ground holding in world class gold district.

Potential cash flow from mine development at Ntiola.

New target generation yielding additional highly prospective drill targets.

Aggressive exploration program currently underway.

Excellent scope for further discoveries.

Drilling to re-commence October 2014

Basawa Gold Project, Liberia

New gold trend defined in an area with no previous modern gold exploration.

Extensive artisanal mining activity.

Developing targets for drill testing.

16 www.birimiangold.com

Page 18: Africa Down Under Conference September 2014 · Corporate Overview Shares on Issue 824.8m Options* 26.0m Market Cap (@ 1.2c) $9.9m Cash $2.0m Enterprise Value $7.9m Significant Shareholders

Contacts

Kevin Joyce

Managing Director

+61 8 9226 1356

[email protected]

ASX:BGS

www.birimiangold.com

17 www.birimiangold.com

Before Camp

Newtown

Artisanal

Workings

Bafa Creek