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Junior Indaba
A Major Gold Focused Investor and Explorer in South Africa
Mr. Refilwe Monageng (Executive Director)5th June 2019
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COMPANY PROFILE
• Privately owned, South African registered exploration and
development company
founded in 2007 and based in Johannesburg
• Portfolio assembled and sole-funded by 63% owner and prominent
Australian prospector
and mining entrepreneur, Mark Creasy
• Nine projects ranging from near term commercialisation to
advanced exploration
• Primary focus on gold - largest tenement holding in
Witwatersrand Basin gold province
• JV project with South Africa’s largest gold miner, Harmony
Gold, for the development of
one of the world’s largest unmined gold resources
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2
Native
Exploration
13%
Insingizi
Minerals
13%
Creasy Group**
63%
Pol Sun
5%
Theo Pieters
2%
Stephen O'shea
2%
Tahlia Family
Trust
1%
Warburton
Family Trust
1%
WHITE RIVERS EXPLORATION (PTY) LTD
26% Black Economic
Empowerment (BEE)
Partners
** Long-Term Sole Funder to WRE
CURRENT WRE SHAREHOLDINGBOARD OF DIRECTORS
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19 APPLICATIONS
GROUPED INTO
9 PROJECTS
Total: 1 382 km²
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GOLD-FOCUSED PORTFOLIO OF 9 PROJECTS4
White Rivers Exploration
WRE-Harmony Gold JV
Beisa
Kroonstad Bothaville
VredefortWest
VentersburgKlerksdorp
SouthOribi
Vredefort NE
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WRE – HARMONY GOLD
JOINT VENTURE
JELANI RESOURCES
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JELANI RESOURCES: KEY FACTS
1. WRE 65% / Harmony 35% (all commodity rights except coal)
2. 9.56km2 area (+ buffer zone) adjacent to Harmony’s producing
Target Mine
3. Harmony supplied all historical exploration data, site access
and significant land area
4. WRE manager of JV until Decision to Mine is taken
5. WRE funds 100% of exploration to PFS (~AUD$7m spent)
6. PFS nearing completion
7. Pro-rata funding based on equity during BFS
8. Following Decision to Mine, Harmony 51% / WRE 49%
9. Harmony manages mining phase, utilising neighbouring existing
Target Mine
infrastructure – Target 2 and 3 Shafts
MINE PLAN
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MULTIPLE CONTINUOUS GOLD REEFS
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Phase 1
Target 2 ShaftTarget 1 Shaft
PHASED MINE PLAN
Proposed Mining Strategy:
✓ Phase 1: Mine shallow southern portions of orebody utilising
Shaft 3
✓ Phase 2: Access down plunge from early (Phase 1) mining areas
using decline access from Shaft 2
56 Level
48 Level1km
1km
Long Section View
Target 3 Shaft± 3.5km
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SN
Phase 2
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SHORT TERM JV INDICATIVE MILESTONES
1. May 2019: PFS completed
2. December 2020: DFS completed
3. First Quarter 2021: Decision to Mine
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POSSIBLE MULTI
MILLION OUNCE
GOLDFIELD
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KROONSTAD
PROJECT
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KROONSTADDEPTHS AND GRADES OF THE KIMBERLEY REEF
EASTERN BLOCK
WESTERN BLOCK
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KROONSTAD TENEMENT POTENTIAL RESOURCESKIMBERLEY REEF GRADE
Borehole density: ca. one borehole per 20 km2
Borehole
Name
Depth
(m)
Gold Grade
(g/t)
Channel Width
(cm)
BH1 2 400 9.4 26
DK1 2 274 9.3 75
KF1 1 996 8.4 79
1 679 6.3 81
ER1 920 3.7 22
ETG1 2 694 3.7 127
MT1 820 2.57 27
EDM1 1 337 1.74 68
DP1 2 086 0.86 97
Mean 5.1 67
Area underlain by reef 200 km2
Conceptual total gold content 62 Moz
Conceptual recoverable gold content(mining width 100 cm, cut-off
5g/t)
31 Moz
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Eastern Block
The Western Block could contain a similar conceptual
resource
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INVESTMENT HIGHLIGHTS
• Highly prospective exploration and advanced gold projects
• Advanced exploration and mine planning activities continuing
on Jelani Resources - very large gold
resource with clear production route
• Unique high value borehole database - largest in South
Africa
• Potential to substantially increase resources through further
drilling on numerous projects
• On ground presence with proactive and professional BEE
partners
• Strong board and in-country technical team
• Investors being offered rare opportunity to invest in projects
with near term commercialisation
• Multiple JV/partnership opportunities
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CONTACT DETAILS
Mr. Neil Warburton (Executive Chairman):
[email protected]
Mr. Refilwe Monageng (Executive Director):
[email protected]
14www.whiterivers.co.za
