Malachite Resources NL

Published : December 01st, 2014

AGM Presentation

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AGM Presentation

Lorena Gold Project Cloncurry

Malachite Resources

November 2014

Gold production imminent

1 Malachite Resources Limited

Disclaimer and Competent Person Statement


This presentation may contain forward looking statements that are subject to risk factors associated with exploration and mining. It is believed that the expectations reflected in these statements are reasonable but they may be 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 fluctuations, 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, project delay or advancement, approvals and cost estimates.
All references to dollars, cents or $ in this presentation are to Australian currency unless otherwise stated.

Competent Person Statement

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Michael Donnelly, who is a part time employee of the Company. Mr Donnelly is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activities which he is undertaking to qualify as a Competent Person as defined in the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr Donnelly consents to the inclusion in this report of the matters based on his information in the form and context in which it appears..
The information in this report that relates to the Lorena Gold Project resource is extracted from the report entitled Resource Update at Lorena created
and released to the ASX on 27 January 2012 (which contained a separate Competent Person Statement by Geos Mining). The Compan y confirms that it
is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of
estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market
announcement continue to apply and 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.

2 Malachite Resources Limited

Malachite Resources

The Lorena Gold project, 15km east of Cloncurry and 135km east of Mt Isa, Qld

Malachite entered into a 50/50 joint venture with BCD Resources NL (ASX code: BCD) in July 2013 to develop the Lorena project.

A flotation processing plant facility is being constructed to produce a concentrate on site for shipment.

Concentrate production expected early 2015.

Significant cash flow generated for growth opportunities.

3 Malachite Resources Limited

Lorena Gold Project

Gold grade mined around 11g/t - robust

Gold-bearing concentrate transported to BCD's Beaconsfield gold plant in Tasmania to produce gold dore.

Gold recovered in the first year of operation

around 30,000 ozs from an open cut operation

Operating costs forecast at A$850-A$900/oz.

Our high gold grade means the pit design does

not change with recently observed A$ gold prices.

Stage 2 is a potential underground operation which relies on further exploration at depth.

4 Malachite Resources Limited

Lorena Project - Schedule

Positive metallurgical test work completed in the first quarter of 2014 to confirm process flow sheet.

Environmental approval from the DEHP - May 2014 (five months later than anticipated)

Flotation plant erected and equipment installed.

Water bore field completed with flows in excess of plant requirements.

Primary ball mill installed November 2014.

Delivery of MCC delayed by two and a half months (commissioning delayed by same timeframe) - now due in early


Gen sets in Brisbane awaiting transport to site to coincide with MCC delivery.

Mining contractor engaged and on site.

Wet commissioning expected to commence by year end.

First concentrate expected to be produced early 2015.

5 Malachite Resources Limited

Lorena Project - Photos

Flotation Plant

Site Offices

Primary Ball Mill installed

Concentrate Filter installed

6 Malachite Resources Limited

Lorena Project - Photos

Waste rock removal ROM Pad preparation

Tailings Dam area grubbed Concentrate loading area

7 Malachite Resources Limited

Lorena Project - Targeting Resources at Depth

Drilling intersected 5.3m at 13g/t Au at a depth of 200m

Survey highlighted 2 strong electromagnetic conductors that represent sulphide targets

Each target is similar in size to the current resource

Excellent potential for resource additions at depth

Significant underground mining potential

Planning to drill as soon as practicable once Lorena


MAR retains upside at depth: Once production exceeds:

80,000 equiv. oz of saleable gold - MAR 65% / BCD 35%

120,000 equiv. oz of saleable gold - MAR 75% / BCD 25%

8 Malachite Resources Limited

Lorena Gold Project - Underground (Stage 2)

Planning for initial 10-12 holes to test underground potential

Portal designed to come off near bottom of pit in competent ground

Construct back end of the processing plant

(cyanide leaching and elution) at Lorena

Gold dore produced on site

Reduce operating costs - no transport to


Treat low grade material from open cut (2g/t to 4g/t Au) during underground development

Initial Target Area

5.3m @ 13g/t

Conventional underground mining

5.3m at 13g/t Au at a depth of 200m is a

mineable width for underground

Lorena Long Section - Targeting resources at depth

Recent review of data suggests steeper plunge of ore body

9 Malachite Resources Limited

Lorena - nearby EPMs

100% owned by Malachite

7km contact between the Toole Creek Volcanics and the Mt Norna Quartzite.

Located 5 km south and west of Lorena

High copper and gold assays from rock chip samples

(72g/t Au and 19% Cu) at Lady Mary

Drill targets generated from soil geochemistry at both

Lady Mary and Bloodwood prospects

450m strike length target at Lady Mary

300m strike length target at Bloodwood

10 Malachite Resources Limited

Malachite -2015

Concentrate production early 2015 to generate significant cash flow.

Use JV cash flow to drill test Lorena at depth and on surrounding EPMs

Prepare for a potential underground operation at Lorena.

Prepare for stage 2 of process plant.

Finalise gold project opportunities in the Cloncurry region for additional mill feed.

Finalise a new project using cash flow from Lorena.

11 Malachite Resources Limited

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Data and Statistics for these countries : Tasmania | All
Gold and Silver Prices for these countries : Tasmania | All

Malachite Resources NL

ISIN : AU000000MAR2
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Malachite Res. is a tin and lead exploration company based in Australia.

Malachite Res. holds various exploration projects in Australia.

Its main exploration properties are ELSMORE, MT LIDSTER, RIVERTREE, TOOLOOM, VOLGA, ABINGTON, CONRAD SILVER and DELUNGRA in Australia.

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Corporate Presentations of Malachite Resources NL
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2008 Annual report
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10/20/2009(Tooloom)Drilling commenced at Tooloom Gold Project
9/7/2009(Delungra)Drilling to commence at Delungra
11/18/2008(Conrad Silver)ASX Announcement - Conrad Silver Project - Update
8/11/2008(Conrad Silver)Major Resource Upgrade for the Conrad Silver Project
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5/9/2008(Conrad Silver)Conrad Silver Project - Good Results continue
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11/5/2007(Conrad Silver) Estimate over 10Moz of Silver Equivalent
10/8/2007(Conrad Silver)Spectacular New Results at Conrad Silver Project
8/13/2007(Conrad Silver)Resource Drilling at King Conrad Extended
6/3/2007(Conrad Silver)Conrad Silver Drilling Report #3
4/27/2006Silver drilling at Conrad highly successful: exciting…
Corporate news of Malachite Resources NL
7/14/2016Quarterly Activities and Cashflow Reports - June 2016
5/25/2016Shareholder Approval - Convertible Notes
5/24/2016Response to ASX Appendix 5B Query
12/16/2015Assays received from Lady Mary Prospect
12/4/2015Change of Director's Interest Notice - Andrew McMillan
12/4/2015Change of Director's Interest Notice - Terry Cuthbertson
12/4/2015Change of Director's Interest Notice - James Dean
11/30/2015Results of Meeting - AGM
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11/2/2015Quarterly Activities and Cash Flow Report
10/29/2015Notice of Annual General Meeting/Proxy Form
10/19/2015Appendix 3B - Convertible Note Rollover Fee Shares
10/1/2015AGM to be held 30 November 2015
9/30/2015Full Year Statutory Accounts - Year Ended 30 June 2015
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9/2/2015Revised Terms Agreed re Sale of Conrad Silver Project
7/31/2015Quarterly Activities and Cashflow Report - June 15 Qtr
7/15/2015Proceeding with the Development of Lorena Gold Project
4/27/2015Share Purchase Plan Closing Date Extended
4/16/2015Share Purchase Plan Letter and Application Form
3/31/2015Trading Halt
3/16/2015Half Yearly Report and Accounts
3/2/2015MAROA Options Expire 31 March 2015
1/30/2015Quarterly Activities and Cash Flow Report - Dec 14 Qtr
1/22/2015Malachite Reviewing Position at Lorena Gold Project
1/21/2015Lorena Gold Project Update
1/21/2015Reinstatement to Official Quotation
1/21/2015Suspension from Official Quotation
1/15/2015Trading Halt
12/3/2014Appendix 3B - AGM approved Shares and Convertible Note
12/1/2014AGM Presentation
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7/19/2010Quarterly Activities Report
5/26/2010Results of Meeting and Exploration Update
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4/29/2010Boardroom Radio Broadcast
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3/11/2009(Audio) Audio Broadcast - 1.30 pm Today
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12/18/2008Interview with Dr. Garry Lowder - Upgraded Resource at Conra...
11/28/2008ASX Announcement - Directors Options to be Amended - Exercis...
11/7/2008Interviews with Dr. Garry Lowder
11/5/2008Tin Strategy
9/22/2008AGM to be held Tuesday 25 November 2008
9/17/2008Interview with Dr. Garry Lowder
8/20/2008ASX Announcement - Exploration Update
8/3/2008Silver Lining From Commodity Resurgence
7/24/2008June 08 Quarter Activities Report
7/2/2008Finance News Network - Interview with Dr. Garry Lowder
5/30/2008Lonsec Resources Update - Malachite Resources NL
4/23/2008(Video) Finance News Network Interview
2/11/2008Malachite Resources NL: ASX Announcement - Exploration Updat...
1/21/2008Quarterly Activities Report
12/18/2007Volga Drilling Further Update
12/14/2007Placement Raises $5.7m
11/21/2007Chairman's Address to the Annual General Meeting
11/19/2007Volga Project Update
11/16/2007 Placement of up to 20m Shares
9/17/2007Robust Mining Project Emerging
5/1/2007Exploration Update on Conrad Silver, Tooloom Gold and ISA re...
3/28/2007Conrad Drilling Update
2/28/2007Corporate Insights Interview
4/20/2006quaterly report ending 31 march 2006
1/26/2006More gold at Phoenix: deeper drilling enhances mine potentia...
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