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ELDERS MEETING NGURUPAI (HORN ISLAND) 13 JUNE 2015.

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Presentation on theme: "ELDERS MEETING NGURUPAI (HORN ISLAND) 13 JUNE 2015."— Presentation transcript:

1 ELDERS MEETING NGURUPAI (HORN ISLAND) 13 JUNE 2015

2 INTRODUCTION WE ARE AN EXPLORATION COMPANY JV WITH THE KAURAREG PEOPLE VIA THE KALT (KAURAREG ABORIGINAL LAND TRUST) LOOKING FOR GOLD DEPOSITS SPECIFIC FOCUS IS NGURUPAI PROJECT (HORN ISLAND) (EPM 25520) KAIWALAGAL (EPM 25418) IS A SATELLITE PROJECT THAT IS DEPENDANT UPON THE SUCCESS OF NGURUPAI

3 TENEMENTS EPM 25520 (NGURUPAI) – GRANTED 8 OCTOBER 2014 EPM 25418 (KAIWALAGAL) – APPLICATION IN PROCESS

4 LAND TENURE LOT 10 - TORRES SHIRE COUNCIL LOT 4 -KAURAREG ABORIGINAL LAND TRUST LOT 48 - KAURAREG ABORIGINAL LAND TRUST LOT 49 - DNRM (QLD STATE GOVERNMENT)

5 MANAGEMENT MARK KERR – NE CHAIRMAN (CHAIRMAN - CONTANGO MICROCAP LIMITED) ANDREW BUXTON – MD (PREVIOUSLY MD OF KIDMAN RESOURCES LIMITED) BRUCE FULTON – NE DIRECTOR (FORMER CHIEF GEOLOGIST OF PORGERA) JOHN HOLLIDAY – TECHNICAL DIRECTOR (CO DISCOVERER OF CADIA 50M OZ AU & FORMER CHIEF GEOSCIENTIST OF NEWCREST MINING LIMITED) WILLIE WIGNESS – NE DIRECTOR (TS COUNCILLOR AND FEDERAL POLICEMAN - CHAIRMAN OF KALT) ALLEN G. REID – NE DIRECTOR (CEO OF KALT) HARRY SERIAT – NE DIRECTOR (EXECUTIVE SECRETARY OF KALT)

6 LOCAL STAKEHOLDERS KALT (KAURAREG ABORIGINAL LAND TRUST) LAND HOLDER (LOTS 4 AND 48 - POSSIBLY LOT 49) EQUITY PARTNER (7.5% FREE CARRIED INTEREST) HAS THREE BOARD POSITIONS AVAILABLE WITH KAURARU GOLD KNTAC (KAURAREG NATIVE TITLE ABORIGINAL CORPORATION) NATIVE TITLE CULTURAL HERITAGE EXPLORATION AGREEMENT WITH KAURARU GOLD TORRES SHIRE COUNCIL LAND OWNER (LOT 10) CONDUCT & COMPENSATION AGREEMENT (CCA)

7 INFRASTRUCTURE

8 THE JOURNEY – 2.5 YEARS OCT 2012 – FIRST CONTACT DNRM RE NGURUPAI PROJECT FEB 2013 – CONTACT WITH KALT – KS, WW, AR AND HS APR 2013 – MEETING WITH KAURAREG SENIOR ELDER – WIGNESS SERIAT MAY 2013 – FORMATION OF KAURARU GOLD PTY LTD AUG 2013 – SUBMISSION TO REPEAL RA295 OCT 2013 – APPLICATION FOR EPM 25418 (KAIWALAGAL) DEC 2013 – RA295 REPEALED MAR 2014 – APPLICATION FOR EPM 25520 (NGURUPAI) OCT 2014 – EPM 25520 (NGURUPAI) GRANTED NOV 2014 – CHANNEL SAMPLING COMPLETED AT NGURUPAI JUL 2015 – TARGET LISTING ON ASX AND COMMENCE EXPLORATION DRILLING

9 EXPLORATION TYPES GEOCHEMISTRY GEOPHYSICS DRILLING

10 FUTURE TIME LINE 2015–START EXPLORATION DRILLING 2016– DEFINE RESOURCE (RESERVE) 2017 – ENVIRONMENTAL IMPACT STUDY (EIS) APPLY FOR MINING LEASE BANKABLE FEASABILITY STUDY (BFS) 2018 – BUILD PROCESSING PLANT 2019 – START PRODUCING GOLD

11 KAURARU GOLD UPDATE EPM 25520 (NGURUPAI) – GRANTED 8 OCTOBER 2014 AND SURFACE EXPLORATION COMMENCED EPM 25418 (KAIWALAGAL) – APPLICATION IN PROCESS TARGET LISTING ON AUSTRALIAN STOCK EXCHANGE (ASX) IN 2015 COMMENCE EXPLORATION DRILLING IN 2015

12 KEY BENEFITS EMPLOYMENT – PROPER JOBS FOR KAURAREG AND LOCAL PEOPLE INVESTMENT – PLANT DEVELOPMENT AND INFRASTRUCTURE ECONOMIC – DIRECT AND INDIRECT VIA WAGES, GOODS AND SERVICES DIVIDENDS –FOR KAURAREG VIA KALT EQUITY ROYALTIES –KNTAC “RIGHT TO NEGOTIATE” FOR KAURAREG


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