Simon Lawson | Managing Director | 17 February 2022 | ASX:GCY |
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Leveraging our people, assets and exploration potential at Dalgaranga
CAUTIONARY NOTICE AND DISCLAIMER
This presentation is dated 17 February 2022 and has been prepared by Gascoyne Resources Limited ACN 139 522 900 (Gascoyne or the Company). The information in this presentation remains subject to change without notice. The information in this presentation is of a general nature and does not purport to be complete, is provided solely for information purposes and should not be relied upon by the recipient. All financial information in this presentation is in Australian Dollars ($ or AUD) unless otherwise stated
This presentation is not, and does not constitute, or form any part of, an offer to sell or issue, or the solicitation, invitation or recommendation to purchase any securities. | ||
No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this | ||
presentation. This presentation does not purport to summarise all information that a recipient should consider when making an investment decision and should not form the basis of | ||
a y decision by a recipient. | ||
Recipients should carry out their own investigations and analysis of Gascoyne and verify the accuracy, reliability and completeness of the information contained in this presentation | ||
r any other form of communication to which the recipient is permitted access while evaluating an investment in Gascoyne. | ||
only | ||
No liability | ||
To the maximum extent permitted by law, each of Gascoyne, its affiliates or related bodies corporate, their respective officers, directors, employees, agents or advisers (together, | ||
the Limited Parties) expressly disclaims any and all liability (including, without limitation, any liability arising out of fault or negligence) for any direct, indirect, consequential or | ||
contingent loss or damage arising from this presentation or reliance on information contained in or omitted from this presentation. | ||
Past & Future performance | ||
Past performance information given in this presentation is given for illustrative purposes only and should not be relied upon as an indication of future performance. | ||
use | ||
This presentation contains certain "forward-looking statements". The words "expect", "anticipate", "likely", "estimate", "intend", "believe", "guidance", "should", "could", "may", "will", | ||
"forecast", "predict", "plan", "target" and other similar expressions that involve risks and uncertainties are intended to identify forward-looking statements. Indications of, and | ||
guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements, opinions and estimates provided in this | ||
presentation are based on assumptions and contingencies which are subject to change without notice and involve known and unknown risks and certainties and other factors which | ||
re beyond the control of Gascoyne, its directors and management. | ||
You are strongly cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are provided as a general guide only and should not be relied | ||
upon as an indication or guarantee of future performance. Actual results, performance or achievements may differ materially from those expressed or implied in such statements | ||
and any projections and assumption on which these statements are based. | ||
Except as required by law or regulation, none of Gascoyne, its representatives or advisers assumes any obligation to update these forward-looking statements. No representation or | ||
warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns or statements in relation to future matters | ||
contained in this presentation. | ||
This presentation has been authorised for release by the Board of Gascoyne Resources Limited. | 2 | |
ersonal | ||
STRATEGIC FOCUS
only | FOCUS | |
Identify risks | ||
Empower people | ||
use | Support and fund | |
Execute, repeat, grow | ||
MAXIMISE | ||
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| Increase mine life | |
Near-mine drilling Near-mine resources Organic growth
OPTIMISED BUSINESS PLAN
- Increase mine life
- Reduce costs
- Streamline processes
- Maximise outputs
GROW
- Satellite opportunities
- Yalgoo Gold Project
- 244koz @ 1.5g/t
- Regional resources
FOCUS
- De-riskbalance sheet
- Support growth plans
- Discretionary hedging
OPTIMISE
- +2.5Mtpa process plant
- Strategic asset
- $14/t cash processing cost
- Central processing facility
ACTIVE BOARD
Highly experienced in the Australian gold sector, finance and mining industry
only | ASX:GCY | ||
CORPORATE STRUCTURE1 | |||
Shares on Issue | 370M | ||
Share price | A$0.255 | ||
Market Cap | A$94M | ||
Cash | A$26.3M | ||
use | A$20.0M | ||
Con Note Debt | |||
Net Cash | A$6.3M | ||
Hedge Book Value | Nil | ||
Enterprise Value | A$88M | ||
MAJOR SHAREHOLDERS2 | |||
ersonal | 17.3% | ||
Deutsche Balaton / Delphi / Sparta | |||
NRW Holdings | 10.0% | ||
FirstSentier | 6.7% | ||
1. | Cash as at 31 December 2021. Remaining information as at 16 February 2022. | ||
2. | Per most recent substantial holder notices lodged by respective shareholders |
BOARD
• Appointed MD of Gascoyne - November 2021 | ||
• Geologist (MSc, MAusIMM) - 16-year career in the gold | ||
Simon | industry including 6 years "starting up" Northern Star | |
Resources | ||
Lawson | • | Former Managing Director of Firefly Resources until |
Managing Director/ CEO | merger with Gascoyne | |
• Board positions with Firetail Resources and Labyrinth | ||
Resources | ||
• | Mining Engineer | |
• Most recently Managing Director of Excelsior Gold | ||
Rowan Johnston | Limited | |
• | Previous Acting CEO for Mutiny Gold prior to its takeover | |
Interim Non-Executive | by Doray Minerals, and previous Executive Director of | |
Chairman | ||
Integra Mining | ||
• Non-Executive Director of Bardoc Gold and Wiluna | ||
Mining | ||
• Seasoned finance professional holding an MBA from | ||
Hansjoerg | University of Bamberg, with experience in structured debt | |
finance and ECM | ||
Plaggemars | • | Over 14 years experience as a CFO in various industries |
Non-Executive Director | • | Non-Executive Director of a number of ASX-listed |
companies, including Wiluna Mining and Kin Mining | ||
• Previously CFO of Gascoyne, promoted November 2021 | ||
David Coyne | • 30-year career in resources and engineering & | |
construction in Australia and internationally, focusing on | ||
Finance | commercial and finance | |
Director | • | Previous ASX-listed board positions include Executive |
Director of Peninsula Energy and Non-Executive Director |
of BC Iron | 4 |
Leveraging our assets to unlock value for shareholders
FOCUS - OPTIMISE - MAXIMISE
only"A clear focus on delivering consistent margins from our low-cost +2.5Mtpa processing plant, with grade and growth upside to come from a reinvigorated near-mine exploration and regional resourcing strategy."
useersonal
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Gascoyne Resources Ltd. published this content on 17 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2022 02:23:01 UTC.