PowerPoint Presentation
EXPLORATION UPDATE
November 2015
Address: 2nd Floor , 35 Outram St
West Perth . WA. 6005
Ph: (08) 6489 0101
Fax: (08) 6489 0100
Web: www.greatwestex.com.au ASX Code: GTE
Disclaimer
This important notice and disclaimer applies to this presentation and any information provided in relation to or in connection with it.
This presentation contains information in summary form. Some of the information is based on publicly available sources and has not been independently verified. It should be read in conjunction with the Company's other continuous and periodic disclosure announcements lodged with Australian Securities Exchange, which are available at www.asx.com.au.
No representation or warranty is made as to the accuracy, completeness, reliability, fairness or correctness of the information contained in this presentation. This presentation does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the prospects of the Company. To the maximum extent permitted by law, no person, including the Company and their related bodies corporate, officers, employees and representatives (including agents and advisors), accept any liability or responsibility for loss arising from the use of such information.
This presentation contains forward-looking statements which involve a number of risks and uncertainties. These statements reflect current expectations, intentions or strategies regarding the future and assumptions based on currently available information. Should one or more of the risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary from the expectations, intentions and strategies described in this presentation. The Company does not undertake any obligation to release publicly any revisions to any forward looking statement to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events.
The release, publication or distribution of this presentation in jurisdictions outside Australia may be restricted by law. Any failure to comply with such restrictions may constitute a violation of applicable securities laws.
This presentation does not constitute an offer to issue or sell, or to arrange to sell, securities or other financial products. In particular, this presentation and the information contained in it does not constitute a solicitation, offer or invitation to buy, subscribe for or sell any security in the United States or to or for the account or benefit of any U.S. Person (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the US Securities Act)). The securities referred to in this presentation as being offered or sold have not been, and will not be, registered under the US Securities Act. Securities may not be offered or sold in the United States unless they have been registered under the US Securities Act or an exemption from registration is available.
Competent Person Statement
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Jordan Luckett who is a member of the Australian Institute of Mining and Metallurgy. Mr Luckett is an employee of Great Western Exploration Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Luckett consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Management Overview - A Strong Board
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Name
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Role
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Background
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Kevin Somes
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Non-Executive Chairman
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Mr Somes is a fellow of the Institute of Chartered Accountants and has been a partner of Somes Cooke Chartered Accountants for over 35 years .The firm specialises in audit and business services. Mr Somes has been involved with mining and exploration companies for 30 years with Somes Cooke being the auditor of a number of ASX listed mining companies
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Jordan Luckett
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Managing Director
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Mr Luckett has 24 years of experience in both exploration and mining geology, having worked throughout Australia, North America and Africa. He has a broad experience that includes exploration, project generation, resource definition, underground mining and geological management. During his career, Mr Luckett has been a member of a number of successful exploration teams that have made discoveries in Western Australia, Queensland, Canada and Africa. He has held senior management positions in both mining and exploration companies. Mr Luckett has a Bachelor of Science degree and is a member of the Australasian Institute of Mining and Metallurgy.
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Craig Mathieson
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Non-Executive Director
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After completing a Bachelor of Business (Banking & Finance), Mr Mathieson spent 10 years in commercial banking, principally in commercial property finance. In 2001, he returned to the family business, DMS Glass as Managing Director until its sale to CSR Ltd in 2007. Mr Mathieson is currently CEO of the Mathieson Group; a large family group with diverse investments including property, business and rural interests. Mr Mathieson has extensive commercial experience and he is currently Non-Executive Director of Funtastic Ltd
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Terry Grammer
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Non-Executive Director
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Mr Grammer has extensive professional experience in the exploration of gold, base metals & industrial minerals and has an enviable record over a long period of time. He was a founder and promoter in 1999 of the hugely successful nickel miner Western Areas NL. In 2000 he was joint winner of the AMEC Prospector of the Year Award for his role in the discovery of the highly profitable Cosmos nickel deposit in 1997 that subsequently resulted Jubilee Mines NL becoming a leading mid-tier Australian mining company prior to its $3.0 billion cash takeover by Xstrata. In June 2010 Mr Grammer joined the Board of Sirius Limited that went on to make the Nova discovery that was subsequently acquired by Independence Group Limited in 2015 for $1.8 billion. Mr Grammer is currently Non-Executive Chairman of Kin Mining NL.
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Justin Barton
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Company Secretary
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Mr Barton is a Chartered Accountant with over 18 years experience in accounting , international finance and the mining industry
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Project Overview
Doolgunna (100% GTE)
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Located adjacent to Sandfire Resources project approximately 25km southeast of Degrussa and 16km from Monty.
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Volcanic sequences prospective for massive copper sulphide
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Layered gabbro intrusion prospective for nickel- copper sulphide mineralisation similar to Nova, Voisey's Bay and Norilsk
Paroo (100% GTE)
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Prospective for copper, lead-zinc, and gold
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Economic grade copper and silver intersected in historical drilling at the Chisel prospect that remains open and has a very similar geological setting as the newly discovered Monty deposit.
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A number of anomalous zinc anomalies in historical RAB drilling within Proterozoic sedimentary package near known lead deposit demonstrates that the project is also prospective for Century style base metal mineralisation
Cunyu JV (earning 70%)
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JV with Glencore with GTE earning 70% for carrying out exploration.
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Prospective for nickel and gold
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Layered gabbro intrusion prospective for nickel sulphide mineralisation similar to Nova, Voisey's Bay and Norilsk.
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Promising gold prospect ~ 55km along strike of the Wiluna gold deposit (5 million ozs).
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Highly prospective Wiluna-Norseman greenstone terrane that is known to host significant nickel and gold deposits along strike to the north and south.
Forrestania Project (10% free carried)
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Joint Venture with Western Areas NL
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Highly prospective for nickel and gold along strike to the south of Western Areas Flying Fox Mine and Diggers South deposit.