Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent

Saracen Mineral Holdings Ltd

Publié le 15 octobre 2015

Low Cost Growth Presentation - MBL

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Europe |

Low Cost Growth Presentation - MBL

Slide 1


ASX: SAR


Low cost growth


RALEIGH FINLAYSON

MANAGING DIRECTOR


Investor Presentation October 2015

Qualification

This presentation has been prepared by Saracen Mineral Holdings Limited (Saracen or the Company) based on information from its own and third party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, despatch or provision of this presentation, or takes any responsibility for, or makes or purports to make any statements, representations or undertakings in this presentation.


You should be aware that as an Australian company with securities listed on the ASX, the Company is required to report reserves and resources in Australia in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code 2012 Edition ) ('JORC Code'). You should note that while the Company's reserve and resource estimates comply with the JORC Code, they may not comply with the relevant guidelines in other countries.


This is a presentation about geology, geoscientific interpretation, geoscientific speculation, gold deposits, gold potential, engineering, infrastructure, potential values, costs, risks, and related matters pertinent to Saracen's present and future activities as a publicly listed mineral exploration and production company. It includes forecasts, predictions, targets and estimates of future expenditures which may vary over time.


It is uncertain if further exploration will result in the determination of a Resource or Reserve. Where exploration, evaluation, operational and feasibility study expenditure estimates and budgets amounts are presented herein, ongoing prioritisation and scaling of expenditures will be subject to results and, where applicable, scheduling changes. Targeted production and other outcomes are subject to change, and may not eventuate, depending on the results of ongoing performance and assessment of data. All Reserves and Resources as referred to herein are in accordance with the JORC Code. Refer to last slide of this presentation for the relevant Competent Person statements. Resources are inclusive of Reserves.


Certain statements contained in the Presentation Materials, including information as to the future financial or operating performance of the Company and its projects, are forward looking statements. Such forward looking statements:

  1. are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies;

  2. involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward looking statements; and

  3. may include, among other things, statements regarding estimates and assumptions in respect of prices, costs, results and capital expenditure, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions.


The Company disclaims any intent or obligation to publicly update any forward looking statements, whether as a result of new information, future events or results or otherwise. The words 'believe', 'expect', 'anticipate', 'indicate', 'contemplate', 'target', 'plan', 'intends', 'continue', 'budget', 'estimate', 'may', 'will', 'schedule' and similar expressions identify forward looking statements.


All forward looking statements contained in the Presentation Materials are qualified by the foregoing cautionary statements. Recipients are cautioned that forward looking statements are not guarantees of future performance and accordingly recipients are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein. The Presentation Materials do not purport to be all inclusive or to contain all information about the Company.


This presentation is not a prospectus, disclosure document or other offering document under Australian law or under any other law. It is provided for information purposes and is not an invitation nor offer of shares for subscription, purchase or sale in any jurisdiction.


Take care to question and carefully evaluate any judgments you might make, on the basis of the Presentation Materials, as to the value of Saracen and its securities. This presentation is not intended to provide the sole or principal basis of any investment or credit decision or any other risk evaluation and may not be considered as a recommendation by Saracen or its officers. Any investor reading the Presentation Materials should determine its interest in acquiring securities in Saracen on the basis of independent investigations that it considers necessary, prudent or desirable.


Saracen and its officers do not accept any liability for any loss or damage suffered or incurred by any investor or any other person or entity however caused (including negligence) relating in any way to this presentation including, without limitation, the information contained in it, any errors or omissions however caused by any other person or entity placing any reliance on the Presentation Materials, its accuracy or reliability.

Doubling gold production to 300,000oz

  • Transformation to mid-tier gold producer underway

  • FY16 production outlook 150-160koz (Carosue Dam only)

  • Gold production to double to ~300koz at AISC ~A$1075/oz within two years, driving substantial increase in free cash-flow

  • Two operational centres in Western Australia:

    • Carosue Dam (NE of Kalgoorlie) - Transitioning to multiple high-grade, high- margin underground mines, 2.4Mtpa plant, ~150-160kozpa

    • Thunderbox (SE of Leinster) - Re-development of large-scale open pit ahead of schedule, 2.5Mtpa plant, ~125kozpa production from June Q 2016

  • Large endowment - 7.6Moz in Resources, 1.5Moz in Reserves

  • Outstanding exploration upside: Several emerging high-grade discoveries

  • A$45M cash and bullion, no debt (30 Sept)


    1

    The key value-drivers

  • Produce - Carosue Dam

    FY15 record 167koz, FY16 outlook 150-160koz


  • Develop - Thunderbox

    Running ahead of schedule (potential to add 20koz into FY16), Stage 1 adds ~125koz pa over ~4.5 years


  • Grow - Earnings visibility

    Visibility on +4 year mine life at Karari, +10 year mine life at Thunderbox, other organic opportunities


  • Monetise - Build cash on balance sheet

    Build a sustainable free cash-flow positive business


    Vision: Join the ranks of mid-tier ASX-listed gold miners

    (~300koz pa, ~A$1075/oz AISC, minimum five-year mine life, internally funded)

    2

    Corporate overview


    Corporate Structure

    Board & Management

    ASX Code

    SAR

    Non-Executive Chairman

    Geoff Clifford

    Shares

    792.8m

    Managing Director

    Raleigh Finlayson

    Share Price

    A$0.55


    At 14 Oct

    2015

    Non-Executive Director

    Mark Connelly

    Market Cap

    A$436m

    Non-Executive Director

    Barrie Parker

    Enterprise Value

    A$391m

    Non-Executive Director

    Martin Reed

    Cash and bullion

    A$45m

    At 30 Sep

    2015

    Non-Executive Director

    Samantha Tough

    Debt

    Nil

    Chief Financial Officer

    Gerry Kaczmarek

    Hedging

    302koz @ A$1,523/oz or ~20% of Reserve

    At 30 Sep

    2015

    Chief Operating Officer

    Craig Bradshaw

    Mineral Resources

    7.6 Moz


    As at 30 Jun 2015

    Chief Geologist

    Daniel Howe

    Ore Reserves

    1.5 Moz

    Chief Corporate Development Officer

    Troy Irvin

    Substantial Shareholders


    7.8%

    7.5% Wroxby

    6.2%

    Paradice Investments

    4.8%

    Karara Capital

    73%

    Van Eck Others

    Ownership Geographic


    Institutional - Australia

    22% Institutional - North America

    1% Institutional - UK

    3%

    54% Institutional - Europe (ex-UK)

    5%

    14% Institutional - Asia

    Institutional - Other Retail / Other

    3

    High grade, low cost WA production


    Carosue Dam Operations, NE of Kalgoorlie

    • Strong operational track record since 2010

    • Producing at ~150-160kozpa


  • Thunderbox Project, SE of Leinster



    PERTH


    Thunderbox


    Carosue Dam


    Kalgoorlie

    • Acquired from Norilsk in 2014

    • Development progressing ahead of schedule

    • Low-cost, long-life open pit producing ~125kozpa from FY 2017 with underground potential

    • AISC of A$1032/oz

    • Recent acquisition of Kailis and King of the Hills increases Resources within trucking distance of the

    plant to 3.5Moz 4

    Five year production & cost outlook

    300,000

    $1,500


    Production (oz)

    200,000


    AISC (A$/oz)

    $1,000


    100,000

    $500


    0 $0

    FY16 FY17 FY18 FY19 FY20


    CDO Thunderbox AISC (Combined + Corp)


    Notes:

    • Refer to ASX announcements '2015 Mineral Resources & Ore Reserves' dated 15/10/15, 'Robust five-year Outlook' dated 15/10/15 and 'Thunderbox Project Feasibility and Development Approval' dated 23/3/15 for full details of the production & cost outlook by source

    • 75% of total production in the five-year outlook is from Ore Reserves, 2% of production is sourced from Indicated Resources and 23% of production is sourced from Inferred Resources

    • CDO = Carosue Dam

    • Thunderbox = Thunderbox open pit Ore Reserves


    Saracen has a clear strategy to become a ~300kozpa low-cost, high-margin Australian gold producer. 5

    Production - Deliver, deliver, deliver


    FY13 - 136koz @ A$1072/oz C1 (120-130koz @ A$1075/oz C1 Guidance)

    FY14 - 133koz @ A$1515/oz AISC (130-140koz @ A$1500/oz AISC Guidance)


    FY15 - What we said:

    FY15 - What we delivered:


    FY15 Guidance: 145-155koz @ A$1150/oz AISC

    FY15 Actual: 167koz @ A$1139/oz ASIC

    6

    Carosue Dam - The engine room



    Carosue Dam


    Kalgoorlie


    PERTH

  • 2.4Mtpa CIL plant, operated since 2010

    FY16 outlook 150-160koz @ AISC A$1025-1075/oz, ore sourced in ~equal portions from:

    • Karari UG - Multiple high-grade lodes, exciting new discovery, intensive drilling continuing, long hole stoping underway

    • Red October UG - Very high grade ~6-7g/t Au

    • Ore stockpile - ~83koz contained, mining cost sunk

  • Deep South - Shallow, high-grade, low capex, development imminent, mineralisation open in all directions

  • Outstanding exploration upside - Extensive tenement holding in world-class ~23Moz Laverton District, 180km strike length of two key regional structures


    7

    Karari - Emerging high-grade discovery


    Ore stockpile of ~83koz at 30 June 2015

  • ~A$47m (US$33m) deferred FCF @

    ~A$861/oz AISC


    8

    Karari - A major gold system


    >4 years visibility:


    • UG drilling only commenced in the March Q 2015


    • Mineral Resource has more than doubled from 311koz to 633koz (~2,500opvm)


    • Maiden UG Ore Reserve of 98koz


    • Open down-plunge and to the south


    • Mining Inventory will continue to grow with ongoing drilling…


  • 9

    Karari - A major gold system


    >4 years visibility:


  • Multiple HG lodes


  • Attractive widths


  • Selective mining optionality


  • Stope production commenced in September


  • Ore development into the Dhoni lode to commence this month


10

Lire la suite de l'article sur www.noodls.com

Saracen Mineral Holdings Ltd

PRODUCTEUR
CODE : SAR.AX
ISIN : AU000000SAR9
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Saracen Minerals Holdings est une société de production minière d'or basée en Australie.

Saracen Minerals Holdings détient divers projets d'exploration en Australie.

Ses principaux projets en production sont CAROSUE DAM et SOUTH LAVERTON en Australie, ses principaux projets en développement sont PORPHYRY, SAFARI BORE et RED OCTOBER en Australie et ses principaux projets en exploration sont DEEP SOUTH UNDERGROUND, MEXICO, ELLIOTS LODE, MILLION DOLLAR, MONTYS DAM, MARGARET, YUNDAMINDERA, TWIN PEAKS, BUTCHER WELL, ENTERPRISE, DEEP SOUTH, WALLBROOK, PORPHYRY UNDERGROUND, KARARI et WHIRLING DERVISH en Australie.

Saracen Minerals Holdings est cotée en Australie. Sa capitalisation boursière aujourd'hui est 3,8 milliards AU$ (2,9 milliards US$, 2,4 milliards €).

La valeur de son action a atteint son plus bas niveau récent le 12 juillet 2013 à 0,09 AU$, et son plus haut niveau récent le 31 juillet 2020 à 6,75 AU$.

Saracen Minerals Holdings possède 807 550 016 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Présentations des Compagnies de Saracen Mineral Holdings Ltd
30/01/2008Upgrade in Resources to 2.6m Ounces
Projets de Saracen Mineral Holdings Ltd
20/08/2015150820 ASX - KOTH and Kailis acquisition
04/11/2009(Carosue Dam)Major Gold Ore Reserves increase at Carosue Dam
25/05/2009(South Laverton)South Laverton Gold Project – 60% Ore Reserve Increase
29/01/2008(Whirling Dervish)Whirling Dervish - Substantial Resource Increase
Communiqués de Presse de Saracen Mineral Holdings Ltd
18/08/2016Corporate Update -
29/07/2016RBC - SAR Outperform PT$1.80
27/07/2016FY17 Exploration and production outlook
07/07/2016June Qtr Pre-release 160707
15/06/2016UK Asia Corporate Presentation 160614
24/05/2016Resources Rising Stars Corporate Presentation 160524
19/05/2016RBC - Saracen Upside PT $1.50
17/05/2016RBC - Saracen Outperform -160512
11/05/2016Deep South ramp-up
10/05/2016Commercial production declared at Thunderbox -160510ASX
04/05/2016SAR Corporate Presentation - 160504
03/05/2016SAR Added to ASX200
27/04/2016March 2016 Quarterly Report-160427 ASX
21/04/2016Purchase of Thunderbox royalty - 160421 ASX
14/04/2016Saracen Ready to Flex its Muscles - RBC
13/04/2016Karari Resource and Reserve Growth - 160413 ASX
06/04/2016160406 ASX - March Qtr Pre-release
01/02/2016Thunderbox commissioning underway - 160201 ASX
29/01/2016Dec 2015 Quarterly
21/01/2016High Grade Gold Intersections at Pinnacles JV Gold Project -...
15/01/2016160115 Hartleys upgrade target price to 88c
11/01/2016160111 ASX - December Qtr Pre-release
22/12/2015151222 ASX - TBO update
25/11/2015151125 ASX - TBO update
15/10/2015Low Cost Growth Presentation - MBL
15/10/2015151015 ASX - CDO Robust 5 Year Outlook
07/10/2015Sept 2015 Qtly production summary
30/09/2015Full Year Statutory Accounts
16/09/2015Thunderbox progress & guidance
27/08/20152015 Financial Year Results
05/08/2015SAR Presentation Diggers 2015
03/08/2015150731 ASX Thunderbox Site Visit Presentation
22/07/2015June 2015 Quarterly Final
08/07/2015Kalpini Project - High grade intersections
07/07/2015June 2015 Quarterly
03/07/2015150702 ASX - Karari Drilling Update
10/06/2015150609 ASX - Blue Manna Exploration Update
09/04/2015March 2015 Quarterly Report
23/03/2015150323 ASX - MBL Debt Hedging Thunderbox Decision
17/11/2014Notice of General Meeting/Proxy Form
05/11/2014Capital return and special dividend
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
AUSTRALIA (SAR.AX)
4,69+0.00%
AUSTRALIA
AU$ 4,69
12/02 10:00 -
0%
Cours préc. Ouverture
4,69 4,69
Bas haut
4,69 4,69
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  4,69 -%
Volume var. 1 mois
0 -%
24hGold TrendPower© : -32
Produit Gold
Développe Gold
Recherche Gold
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 13/01/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
2021-1,26%5,224,64
202047,52%6,752,82
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,08 AU$+0,50%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 +4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
8,91 US$-2,73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,59 GBX-3,26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,05 CA$+10,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,06 CA$+0,00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
12,67 +0,88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,34 CA$+6,25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,19 AU$+2,70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,77 -2,21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
40,37 US$-0,22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+0,00%Trend Power :
Profitez de la hausse des actions aurifères
  • Inscrivez-vous à notre market briefing minier
    hebdomadaire
  • Recevez nos rapports sur les sociétés qui nous semblent
    présenter les meilleurs potentiels
  • Abonnement GRATUIT, aucune sollicitation
  • Offre limitée, inscrivez-vous maintenant !
Accédez directement au site.