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http://media.abnnewswire.net/media/en/docs/ASX-WMN-635765.pdf
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AUSTRALIA
Level 45
108 St Georges Terrace
PERTH WA 6000
P: +61 8 9480 0111
F: +61 8 9480 0166
INDONESIA
17 F Tower 2
Indonesian Stock Exchange Building
Jl. Jend. Sudirman Kav.
52 – 53 JAKARTA 12190
P: +62 21 5291 7491
F: +62 21 515 7799
www.westernmining.net
ABN: 63 144 079 667
ASX: WMN
44.7M Ordinary Shares
29.3M Listed Options
5.5M Unlisted Options
BOARD OF DIRECTORS
Christopher Clower
Executive Chairman
Paulus Irawan
Executive Director
Kent Hunter
Non-Executive Director
David Palumbo
Company Secretary
16 May 2013
Successful Completion of Due Diligence on
Persada Tenement
The Board of Western Mining Network Limited (“WMN” or the
“Company”) is pleased to announce that the due diligence work on PT.
Persada Bumi Rawas (“PT. PBR”) and its 100% interest in IUP Exploration
No. 540/307.19/Distamben dated 12 August 2009 (“Persada
Tenement”) has been completed.
WMN has informed PT. PBR that it will proceed with the transaction
under the Master Agreement announced to ASX on 15 April 2013.
The Share Subscription Agreement to acquire 80% of the issued shares
in PT. PBR which directly holds a 100% interest in the Persada Tenement
is currently being finalised and will be executed in due course.
An exploration report on the Persada Tenement is attached. The
Company plans to focus on two blocks that have indicated potential gold
anomalies.
On behalf of the board of directors,
Paul Irawan
Executive Director
For further information visit our website at www.westernmining.net
or email [email protected]
Forward looking statements
This presentation may contain forward looking statements that are subject to risks, uncertainties and other factors
associated with exploration and mining that are in some case beyond the control of Western Mining Network Limited.
Readers can identify a forward looking statement by terminology such as “aim”, “anticipate”, “assume”, “believe”,
“continue”, “could”, “estimate”, “expect”, “forecast”, “intend”, “likely”, “may”, “plan”, “potential”, “predict”, “project”,
“risk”, “should”, “will” or “would” and other similar expressions. It is believed that the expectations reflected in these
statements are reasonable but they maybe affected by variables and changes in underlying assumptions which could
cause actual results or trends to differ materially, including but not limited to price fluctuations, actual demand,
currency movements, drilling and production results, reserve estimations, loss of market, industry competition,
environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market
conditions in various countries and regions, political risks, tenement renewals, project delay or advancement,
approvals and cost estimates. Readers are cautioned not to place undue reliance on forward looking statements
All persons should seek appropriate financial professional financial advise in reviewing or considering the document
and all other information with respect to Western Mining Network Limited and evaluating the business, financial
performance and operations of Western Mining Network Limited. Neither the provision of the document nor any
information contained in the document or subsequently communicated to any person in connections with the
document is, or should be taken as, constituting the giving of investment or financial product advise to any person in
respect of dealing in Western Mining Network Limited securities, and no such information should be taken to
constitute a recommendation or statement of opinion that is intended to influence a person in making a decision to
deal in Western Mining Network Limited securities. This document does not purport to contain all of the information
that maybe required to evaluate all of the factors that would be relevant in determining whether to deal in Western
Mining Network Limited securities, including but not limited to any person’s objectives, financial situation or needs.
Each person should make, and will be taken to have made, its own investigation, assessment and analysis of the
information in this document and other matters that maybe relevant to it in considering whether to deal in Western
Mining Network securities
Disclaimer
2
Table of Contents
1. Project Persada - Location
4. Project Legality
5. Contact
3. Infrastructure and Logistics
2. Geological Survey and Exploration Data
3
5
1. Project Persada - Location
Map of Indonesia
� The Persada Tenement is located
northeast of Palu in Central Sulawesi,
between Toli-toli and Buol. It is
approximately 50 km east of Toli-toli
and covers 5,000 hectares. There is an
existing access road to the tenement
via Lakea village road, west of Buol –
Toli-toli highway.
� The area is generally covered by
secondary forest, clove and cocoa
plantation, indicating that the tenement
does not require a forest permit for
exploration and production.
� The area is covered by Tinombo
formation (Tts), Marine sediment (Tms)
and Alluvial (Qal) respectively.
Location of Tenement in Central Sulawesi
2. Geological Survey and Exploration DataExploration Map and Program
8
Exploration Program DetailExploration Map
Stream-Sediment Sampling Methodology
� The stream-sediment sample material is
screened to -80 mesh.
� The samples are then analyzed using
ICP-OES (Code: IC01), Hg - Cold vapor
AAS plus Au FA 51 methods.
Method of Analysis
� Analyzed by ICP, CV and FA methods.
� Both stream sediment and rock samples
were analyzed using Fire Assay (Method
code: FA 51) for Au (Gold) with detection
limit at 0.01 ppm. Cold vapor AAS
(Method code: CV02) was used for Hg
(Mercury) determination.
� ICP-OES method (Code: IC01)
determination distilled water digest was
used to analyze: Ag (Silver), As (Arsenic),
Bi (Bismuth), Cu (Copper), Mo
(Molybdenum/Silver White), Pb (Lead),
Sb (Antimony), Se (Selenium), Te
(Tellurium), Zn (Zinc).
3. Infrastructure and LogisticsShipping Advantage to Key Customers
15
� Nearest jetty area is Port Leok, approximately 40 km from the Mining pit area.
� The Open Sea Anchorage Point is about 2 hours barging from Port Leok.
� Ease of distribution from Sulawesi to India, China, Japan and Korean customers
Fast & Low Shipping to Customers
5. Contact
Jakarta Office:
17F Tower 2
Indonesian Stock Exchange Building
Jl. Jend. Sudirman Kav. 53 - 53
Jakarta 12190
Tel: +62 21 5291 7491
Fax : +62 21 515 7799
Australian Office:
Level 45 108 St Georges
Terrace.
Perth WA 6000
Tel: +61 8 9480 0111
Fax : +61 8 9480 0166
Email:
Competent Person StatementThe information in this presentation which relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Allen
Maynard, who is a Member both of the Australasian Institute of Mining & Metallurgy (“AusIMM”) and the Australian Institute of Geoscientists (“AIG”) and independent consultant to
the Company.
Mr Maynard is a consultant of Al Maynard & Associates Pty Ltd and has 35 years of experience in exploration and mining in a variety of mineral deposit styles. Mr Maynard has
sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person
as defined in the 2004 Edition of the “Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves”.
Mr Maynard consents to inclusion in the report of the matters based on his information in the form and context in which it appears.
Contact Information
19