Investor Presentation – September 2013
PRE-PRODUCTION GOLD PLAY AND
GOLD AND MANGANESE EXPLORATION IN AUSTRALIA
1
DISCLAIMER
1. This presentation has been prepared by Bligh Resources Pty Ltd ACN [130 964 162]. Each Recipient of this presentation is deemed to have agreed to
accept the qualifications, limitations and disclaimers set out below.
2. None of Bligh Resources and or its subsidiaries or their respective directors, officers, employees, advisers or representatives (Beneficiaries) make any
representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information contained in this presentation,
including any forecast or prospective information. The forward looking statements included in this presentation involve subjective judgment and
analysis and are subject to significant uncertainties, risks and contingencies, many of which are outside the control of, and are unknown to, the
Beneficiaries. Actual future events may vary materially from the forward looking statements and the assumptions on which those statements are based.
Given these uncertainties, you are cautioned to not place undue reliance on such forward looking statements.
3. This presentation is a general overview only and does not purport to contain all the information that may be required to evaluate an investment in Bligh
Resources. The information in this presentation is provided personally to the Recipient as a matter of interest only. It does not amount to an express or
implied recommendation with respect to any investment in Bligh Resources nor does it constitute financial product advice. The Recipient, intending
investors and respective advisers, should:
a) conduct their own independent review, investigations and analysis of Bligh Resources and of the information contained or referred to in this
presentation; and/or
b) seek professional advice as to whether an investment in Bligh Resources securities is appropriate for them, having regard to their personal
objectives, risk profile, financial situation and needs.
4. Nothing in this presentation is or is to be taken to be an offer, invitation or other proposal to subscribe for Bligh Resources securities.
5. Except insofar as liability under any law cannot be excluded, none of the Beneficiaries shall have any responsibility for the information contained in this
presentation or in any other way for errors or omissions (including responsibility to any persons by reason of negligence).
6. No Recipient shall disclose any information contained in this presentation or the existence of this presentation to any other person.
2
Investor Presentation – September 2013
COMPANY OVERVIEW
3
INVESTMENT HIGHLIGHTS
•
Portfolio of near term production gold projects and manganese exploration projects
•
Experienced management team- development, exploration and corporate skills
•
Strong cornerstone investors and project partners with relevant technical and corporate expertise
•
Bligh’s flagship Bundarra gold project - located in Leonora region, WA
• Early cash flow generation potential and development program in place
• Scoping study recently completed with robust economics
• Recent JORC resource upgrade to 489 k oz – 276 k oz measured and indicated
• Progressing maiden ore reserve calculation and scoping study revision
•
Preliminary exploration undertaken on additional manganese tenements
•
Extensive majority owned portfolio – Strategic tenement package of ~852km²
•
Tight capital structure
4
Investor Presentation – September 2013
COMPANY SNAPSHOT
Key Metrics
ASX Code : BGH
Top Seven Shareholders
No. of Shares
%
Rubicon Nominees Pty Ltd and related
4,950,000
8.29%
Ordinary Shares on issue (m)
60.1
Intrepid Concepts Pty Ltd and related parties
4,880,934
8.17%
Number of tradable shares (m)
33.3
Jinle Song and related parties
4,667,667
7.82%
Options on issue (m)*
16.0
Keen Source Holdings Limited and related
4,483,334
7.51%
No of shareholders
367
Benjamin Jarvis and related parties
4,140,000
6.93%
Current share price#
$0.5
Mineral Rock Pty Ltd and related parties
4,140,000
6.93%
Market Capitalisation (m)
$3.0
Hong-Kong Henan International Holdings Ltd
4,000,000
6.70%
Cash Position (m)
Notes:
# As at June 30, 2013
^ includes a $1 million first ranking secured loan with SR Mining
* Escrowed until Nov 30 2013 –Exercisable at $0.25.
Top 20
shareholders
own 73% of the
issued capital
5
Total
$2.0^
Directors and
Management own
30% of the issued
capital
52.35%
Board of Directors
Robert Benussi
Executive Director and Chief Executive Officer
Eric Chan
Non-Executive Director
Peiqi Zhang
Non-Executive Director
Jinle Song
Non-Executive Director
Investor Presentation – September 2013
COMPANY STRATEGY
•
Focus on the near term development and
exploration at Bundarra and Leonora gold
projects.
•
BGH has secured projects near established
infrastructure, with low expected
development CAPEX and OPEX
•
BGH in advanced discussions with existing
investors regarding Bundarra development
funding
•
BGH will also selectively undertake
exploration activities on prospective
manganese projects.
Previous resource drilling at the Celtic Pit
6
Investor Presentation – September 2013
GOLD PROJECTS
7
INCREASING GOLD FOOTPRINT IN THE LEONORA REGION
•
42.9% interest in the near term development and preproduction Bundarra Gold Project
•
Current JORC gold resource of 489,000 Oz with update of
existing scoping study planned
•
100% interest in the Leonora Project
•
Exploration upside - recent acquisition of Little Wonder
Project extends BGH’s footprint in the Leonora region
•
Encouraging Metallurgical Results at Wonder North
• Very high overall recovery ranged from 97.15% to 97.73%
• High gravity recovery ranged from 78.09% to 80.66%
• Very rapid leaching kinetics; 96.67% total recovery after
two stages of oxygen shear (one pre-oxidation and one
leach) followed by two hours leaching
8
Investor Presentation – September 2013
RECENT DEVELOPMENTS
• DEC 2012 – Acquired 42.9% interest in SR Mining Pty Ltd which owns 100% of Bundarra Gold Project
• FEB 2013 – Commenced mine permitting process and initial costing of milling plant at Bundarra
• MAR 2013 – Engaged CSA Global to conduct scoping study and discussions with Chinese engineering
firm BGRIMM continue
• MAY 2013 – Scoping study confirms development potential of Bundarra project
• MAY 2013 – Exploration review at Bundarra identifies new exploration targets
• MAY 2013 – BGH advances exploration at Leonora project and reports encouraging soil samples
• MAY 2013 – Acquired Little Wonder Project extending tenement holding in Leonora Goldfields
• JULY 2013 – Encouraging Metallurgical results reported at wonder North
• SEPT 2013 – Upgraded JORC resource at Bundarra significantly increases potential resource base
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Investor Presentation – September 2013
TRANSITION FROM EXPLORER TO PRODUCER
10
Investor Presentation – September 2013
PROJECT EXPERTISE
• BGH’s project partner SRM is operated by Adrian Hall and Patrick Schimanski who both have extensive
technical experience having worked on the project since 2011
• Patrick Schimanski - SRM’s Co-Founder has over 30 years’ experience in the mining industry and is the
founder and sole shareholder of GWH Equipment Pty Ltd.
• GWH have operated for the past 10 years and have successfully completed many open cut and civil
projects in the West Australian goldfields – specialising in smaller pits
• Adrian Hall - SRM’s Co-Founder is a metallurgist with 10 years’ experience - previously process engineer at
the Cawse Nickel operation
• Mr Hall's expertise is in the commissioning of new or refurbished plants – worked on refurbishing
Daveyhurst, Telfer and Hillgrove before settling in at Silver Lake Resources Lakewood Gold Processing
Facility
• As project manager at Silver Lake Resources, Mr. Hall was responsible for installing the large ball mill, leach
tanks and gravity circuit that would ultimately raise the Lakewood name plate plant to 1 million tonnes per
annum
• George Jenkins – 23 Years of mining industry experience in South Africa and Australia. Mr Jenkins has
extensive experience in managing operational mine sites ranging from precious metals to coal with
companies such as JCI, Vale Australia, AMCOAL and has also held operational managerial titles with several
junior mining organisations.
• Mr Jenkins is a qualified extraction metallurgist and was appointed as COO for Aard Metals in May 2012.
11
Investor Presentation – September 2013
BUNDARRA GOLD PROJECT Resource Upgrade
• September - CSA Global completed Resource Estimates for Celtic, Celtic South,
Wonder North and Wonder West Deposits
• Mineral Resources increased 54% to 498 k oz – up from 318 k oz estimated in Nov
2012
• 276,000 K oz classified as Measured and Indicated – 103% increase
• 123% increase in Measured and Indicated Mineral Resource Tonnes
CSA to now update scoping study and conduct ore reserve calculation
12
Investor Presentation – September 2013
BUNDARRA GOLD PROJECT Scoping Study
•
Scoping study carried out by CSA Global in April 2013
•
Confirms project has positive cash flow and economically viable development potential
•
Scoping study modelled on previous JORC resource of 318 k oz @2.1g/t Au
•
Mine life of 9 years, at 250ktpa process feed
•
Life of Mine DCF of $62 M at $1600/oz. gold price
•
Cash costs for four deposits range from $886 to $1,126/oz., averaging $1,036/oz.
•
Cash flow in Year One estimated at $14 M
•
Recovering grade controlled ore at the base of Celtic pit will provide about one month of mill feed, with
$1,175 cash flow/recovered ounce – NEAR TERM CASH FLOW
•
Stage One of the Wonder North pit provides the next highest value process feed at $742 cash flow per
recovered ounce
•
Significant exploration upside potential in and around existing deposits
13
Investor Presentation – September 2013
SCOPING STUDY HIGHLIGHTS
SCOPING STUDY HIGHLIGHTS
$1,500/oz
$1,600/oz
JORC Resource
318 k oz @2.1g/t Au
318 k oz @2.1g/t Au
Mine Life
8 years, at 250ktpa process
feed
9 years, at 250 ktpa process
feed
Life of mine DCF
Cash costs
Cash flow in year one
14
$62 M at $1,600/oz. gold price
$873 to $ 1036/oz., averaging
$971/oz
$886 to $1,126/oz., averaging
$1036/oz
$14 million
Investor Presentation – September 2013
POTENTIAL PRODUCTION SCENARIOS
• BGH is currently assessing two potential production scenarios
• Undertaking geotechnical work to determine optimal scenario
Scenario 1 – Toll Treatment
• CSA outlined potential to recover grade controlled ore from the floor of the Celtic Pit
• BGH is considering toll treatment options to support early cash flow generation
Scenario 2 – Construction & On-Site Processing Facility
• BGH has completed conceptual designs for the processing plant (see appendix)
15
Investor Presentation – September 2013
PROJECT DESIGN COMPLETE
16
Investor Presentation – September 2013
BUNDARRA INFRASTRUCTURE
17
Investor Presentation – September 2013
BUNDARRA PROJECT Exploration Upside
•
CSA Global has completed an
exploration review for the Bundarra
Project Area
•
Exploration potential demonstrated four exploration target zones were
identified
•
Exploration will target potential
mineralisation between the four
known deposits
•
~80 RC drill holes with total of
13,000m are planned over a number
of years
•
18
Initial 400m drill program at the
Celtic deposit
Investor Presentation – September 2013
BUNDARRA PROJECT Development Checklist
19
Activity
Status
Water Permits
COMPLETE
Infrastructure
COMPLETE
Labour
COMPLETE
Mapping
COMPLETE
Environmental scoping study
COMPLETE
Conceptual Plant design
COMPLETE
Feasibility Studies
IN PROGRESS
Secure equipment and commissioning of milling facility
PLANNED
Construction of TSF
PLANNED
Mining permits
PLANNED
Dewatering of Celtic Pit and Wonder North
PLANNED
Commence mining operations
PLANNED
Investor Presentation – September 2013
BUNDARRA PROJECT Development Timetable
Activity
Q1
2013/14
Q2
2013/14
Q3
2013/14
Q4
2013/14
Q1
2014/15
Q2
2014/15
Q3
2014/15
DMP APPROVALS
PLANT FABRICATION &
CONSTRUCTION
TSF CONSTRUCTION
DEWATERING
COMMENCE MINING
OPERATIONS
COMMISSIONING AND
MILLING
20
Investor Presentation – September 2013
LEONORA GOLD PROJECT
•
Leonora Gold Assets – 45km² of tenement package with
historical production
•
The project area covers structures and lithology's with
gold potential
•
Leonora gold tenements independently valued by
Snowden Mining Consultants from $500k to $1.1 million
in August 2008
•
Located 31 km north of Leonora – next to St. Barbara’s
(ASX: SBM) 3Moz Au Tarmoola mine
•
Previous air core drilling and assay results by Jupiter
Mines Ltd at Kurrajong confirmed highly anomalous gold
•
Soil samples collected in May 2013 extended already
identified 2.2km corridor with 3 anomalous zones at
Diorite King prospect
•
Gratten Well drilling program delivered 10m @3.37 g/t
Au, and 3m @ 3.92 g/t Au (historic drill results)
•
Gold nuggets
recovered from Bligh’s
Leonora Tenements
Section 18 Heritage Survey has commenced in April 13
21
Investor Presentation – September 2013
LITTLE WONDER PROJECT
•
BGH signed a Heads of Agreement to acquire a 100%
interest in tenements P37/8048 and P37/7100 comprising 37
hectares
•
400,000 fully paid ordinary shares at $0.10 cents per share
to earn an immediate 50% interest
•
A $25,000 cash payment (P37/8048) and $15,000
(P37/7100) will be triggered upon the commencement of
drilling operations (timeframe not limited)
•
Vendors will retain a 1% gross production royalty
•
Strategically positioned within Bligh’s existing 100% owned
group of tenements
•
Old workings and historical mining from 1894.
•
Anomalous geochemical results from soil samples collected
by Bligh adjacent to Little Wonder tenements
•
Adds to area of anomalous soil sampling results extending
from Diorite King to Little Wonder
•
Heritage survey for Section 18 consent conducted in late
April by Aboriginal elders
22
Investor Presentation – September 2013
LEONORA REGION Expanding Gold Footprint
23
Investor Presentation – September 2013
KUMARINA MANGANESE PROJECT
•
165km² of tenements currently under Management
Peak Hill Manganese field, WA
•
Project area lies adjacent to ground held by Montezuma
Mining Company (MZM), E 52/2350 (Butcher Bird)
•
Established Infrastructure
• Close to surfaced Great Northern Highway
• Immediately adjacent to gas pumping station
• 35 km from fuel, food and accommodation
• 125 km to Newman and nearest rail head (private
railway line, probably no access).
• 560 km to major port at Port Hedland along
surfaced road
•
2012 Aircore program –
• Hole K12A004: 15m @ 17.52% MnO from 46m to
61m including 2m @ 24.6% MnO from 54 to 56m)
• Hole K12A005: 12m @ 7% MnO from 58m to 70m
• Hole K12A006: 8m @ 10.37% MnO from 18m to
26m
24
Investor Presentation – September 2013
BOOTU CREEK II PROJECT
•
OM Holdings operates Bootu Creek manganese project
(JORC resources at 30.6mt @ 24% Mn FOB exporting
concentrate grades of 42%Mn), 15 year mine life
•
266 km² of tenements – E27654 (100%) and E27651
(option to acquire 80% interest)
•
Similar mineralization and many outcropping prospects
40km to the south of Bootu Creek (the Bootu Formation)
•
The Bootu Formation has a syncline structure and approx.
17km of potential strike mineralisation along the Attack
and Bootu Creek Formation
•
10 VTEM targets identified at Bootu
•
Next step: RC reconnaissance drilling program (10 – 12
holes) due to commence in Q1 2014/15
25
Investor Presentation – September 2013
INVESTMENT SUMMARY
 Strong portfolio of assets with near term development potential and significant exploration upside
 Gold Projects - Pre-development and exploration
•
Bundarra Gold Project – recently completed scoping study with robust development potential
confirmed based on JORC resource of 489 k oz Au
•
Leonora Project - – 45km² of tenement package with historical production
 Manganese Projects - exploration
•
Kumarina- 166km² of granted ground in Butcherbird/Peak Hill manganese region of WA 8km from
largest onshore occurrence of Manganese
•
Bootu Two Formation similar to Bootu One which is currently mined by OMH Holdings.
 Strong and well networked major cornerstone investors
 Experienced team in place - Geological, exploration, finance, corporate, and investor relations
 Conservative capital structure and funding in place to invest in three years of exploration
26
Investor Presentation – September 2013
CONTACT
Bligh Resources Limited
ACN: 130 964 162
Level 8, 84 Pitt Street, Sydney, NSW 2000
T: (+61 2) 9233 4677
F: (+61 2) 9239 0866
Robert Benussi
[email protected]
Forward Looking Statements
This release includes forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”
,“intend”, “plan”, “estimate”, “anticipate”, “continue” and “guidance”, or other similar words and may include, without limitation statements regarding plans, strategies and objectives of
management, anticipated production or construction commencement dates and expected costs or production outputs. Forward looking statements in this release include, but are not limited to,
the capital and operating cost estimates and economic analyses from the Study.
Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the company’s actual results, performance and achievements to differ
materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general
economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and
permits and diminishing quantities or grades of resources or reserves, political and social risks, changes to the regulatory framework within which the company operates or may in the future
operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.
Forward looking statements are based on the company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist
and affect the company’s business and statements are based will prove to be correct, or that company’s business or operations will not be affected in any material manner by these or other factors
not foreseen or foreseeable by the company or management or beyond the company’s control.
Although the company attempts to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other
factors that could cause actual results, performance, achievements or events not to be anticipated, estimated or intended, and many events are beyond the reasonable control of the company.
Accordingly, readers are cautioned not to place undue reliance on forward looking statements.
Forward looking statements in this release are given as at the date of issue only. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing
this information the company does not undertake any obligation to publicly update or revise any of the forward looking statement or to advise of any change in events, conditions or circumstance
on which any such statement is based.
27
Investor Presentation – September 2013
APPENDIX
28
JORC RESOURCE TABLE
Deposit
Wonder North
Resources
Bundarra Project MRE 20th November 2012
Indicated
M+I
Inferred
Measured
Total
Tonnes ('000t)
354
872
1,226
1,314
Grade g/t Au
2.30
2.40
2.3
26
67
93
Ounces ('000 oz)
2,540
332
2,274
1.90
2.1
2.08
80
173
22
Tonnes ('000t)
Wonder West
Grade g/t Au
Ounces ('000 oz)
Bluebush**
1,284
3,891
2.09
2.1
1.63
1.94
153
175
67
242
39
495
534
291
825
3.04
2.06
2.1
1.75
2.00
4
33
37
16
53
200
200
440
640
200
200
440
640
Grade g/t Au
1.90
1.9
1.80
1.8
1.90
1.9
1.80
1.80
12
12
26
38
12
12
26
38
Tonnes ('000t)
Grade g/t Au
Ounces ('000 oz)
Celtic***
96
263
359
327
686
96
263
359
327
686
2.42
2.83
2.7
3.02
2.86
2.42
2.83
2.7
3.02
2.86
8
24
32
32
63
8
24
32
32
63
Tonnes ('000t)
865
865
194
194
1,057
1,252
Grade g/t Au
1.59
1.59
2.47
2.5
1.98
2.05
44
44
15
15
67
83
Ounces ('000 oz)
Tonnes ('000t)
Celtic South
Grade g/t Au
Ounces ('000 oz)
Bundarra Totals
Total
2,607
Tonnes ('000t)
Ounces ('000 oz)
Great Western**
Bundarra Project MRE 27th August 2013*
Indicated
M+I
Inferred
Measured
Tonnes ('000t)
450
1,335
1,785
Grade g/t Au
2.3
2.4
2.4
Ounces ('000 oz)
34
103
136
2,946
78
78
111
188
2.10
2.1
1.42
1.70
5
5
5
10
3,504
3,972
3,510
7,482
4,731
468
1.9
2.1
2.2
2.2
2.2
1.9
2.0
182
318
34
242
276
213
489
Cut-offs: Bluebush uses 1g/t Au cut-off; the other resources are reported at 0.5g/t Au cut-off
Rounding errors may occur.
*
Reported in this announcement
**
Reported to ASX by Terrain Minerals on 15/4/2011
*** Celtic: Keith Whitehouse, 2010: Mineral Resource Estimate, Celtic Open Pit, and Western Australia. Auralia Consultant Report to Terrain Minerals
See Competent Person’s Report overleaf
29
Investor Presentation – September 2013
JORC RESOURCE TABLE Competent Person
Competent Person-Steve Rose Celtic, Wonder North and Wonder West Resource Table 1 and Table 2 (2013)
The information in this announcement that relates to Mineral Resources is based on information compiled by Mr Steve Rose who is a Fellow of the Australasian Institute of Mining
and Metallurgy. Steve Rose has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is
undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.
Steve Rose consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears in this announcement. Steve Rose is
a full time employee of CSA Global Limited .
Competent Person-Shane Fieldgate Wonder North Resource Table2 (2012)
The information in this announcement that relates to Mineral Resources is based on information compiled by Mr Shane Fieldgate who is a Member of the Australian Institute of
Geoscientists. Shane Fieldgate has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is
undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.
Shane Fieldgate consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears in Table 2: Bundarra Project
Mineral Resource Estimate Statement 20th November 2012. Shane Fieldgate is a former full time employee of CSA Global Limited .
Competent Person- Keith Whitehouse Celtic Pit Open Resource Table 2 (2012)
The information in this announcement that relates to Mineral Resources is based on information compiled by Mr Keith Whitehouse who is a Fellow of the Australasian Institute of
Mining and Metallurgy . Keith Whitehouse has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that
he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves’. Keith Whitehouse consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears in Table 2:
Bundarra Project Mineral Resource Estimate Statement 20th November 2012. Keith Whitehouse is a consultant for Australian Exploration Field Services.
Competent Person-Peter Ball Blue Bush and Great Western Resource Table 2 (2012 and 2013)
The information in this announcement that relates to Mineral Resources is based on information compiled by Mr Peter Ball who is a Member of the Australasian Institute of Mining
and Metallurgy. Peter Ball has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is
undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.
Peter Ball consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears in Table 2: Bundarra Project Mineral
Resource Estimate Statement 20th November 2012. Peter Ball is a consultant working for DataGeo Geological Consultants.
30
Investor Presentation – September 2013
BUNDARRA PROJECT – CONCEPTUAL PLANT DESIGN
31
Investor Presentation – September 2013
KUMARINA MANGANESE PROJECT
32
Investor Presentation – September 2013
TECHNICAL PARTNERSHIPS
Bligh has a number of high profile technical
partnerships, including:
• SR Mining Pty Ltd
• Beijing General Research Institute of
Mining and Metallurgy (BGRIMM)
• CSA Global
• GWH Equipment
Technical partnerships with both local and
Chinese institutes demonstrate support
from Bligh’s existing major shareholders.
33
Investor Presentation – September 2013
STRATEGIC PARTNERSHIPS
Shanxi Jiaocheng Yiwang Ferroalloy Co. Ltd – Jinle Song (Chairman)
Yiwang is one of China’s largest producers and exporters of manganese alloys. The company was established in
April 1988 and employs over 1,500 people. Yiwang has a total market capitalisation of RMB 1.2 billion (A$180
million) with an annual production value of RMB 2 billion (A$300 million).
Under Mr Song’s leadership, Yiwang has become a technological leader in the manufacturing of ferroalloys. In
2007, Yiwang developed a new process of refining manganese metal and low carbon ferro manganese. The
process has been appraised by The Chinese Society for Metals and China Iron & Steel Association. Yiwang
received the “National Metallurgical Science and Technology Award” for technological advancement.
Aura Capital
Aura Capital is a boutique corporate advisory and private equity house focussed on early stage and SME
businesses in the retail financial services, technology and resources sector with Investment Banking, Funds
Management and Legal backgrounds. The firm operates out of offices in Sydney, Australia and has recently
established a presence in Singapore.
FSS Advisory – Rob Foot
FSS Advisory is a privately owned investment company specialising in providing full service equities broking
advice, private wealth services and corporate advisory. FSS Advisory is wholly owned by its founders and staff and
places significant emphasis on our position as a truly independent investment advisory firm, facilitating both
flexible decision making and a strong alignment of interest with our clients.
34
Investor Presentation – September 2013
Strong Board - Geological and Management Team
Robert Benussi
Director, CEO &
CFO
Mr.Benussi until recently held the positions of Chief Financial Officer, Company Secretary and General Manager,
Corporate for Jupiter mines Ltd (ASX: JMS) since 2006.
Mr.Benussi also assumed the role of Chief Executive Officer within Jupiter during the period of May to
December 2007.
He has an extensive background in finance, corporate advisory, stockbroking and business development with
companies such as Olin Corporation, Lend Lease, Dalgety and Lion Nathan. Mr Benussi holds a Diploma from the
Institute of Public Accountants and remains a member of this Organisation.
He has been a Non-Executive Director of Resource Star Limited (ASX:RSL) since 2009 and joined Aard Metals
Limited (unlisted) in June 2011 .
Eric Chan
Non-Executive
Director
Eric Chan is the Co-Founder and Director of Aura Capital Group, and having previously worked at Clayton Utz
advising on M&A and debt financing transactions. He currently sits on the board of various companies providing
strategic and corporate advice.
Mr Chan’s company, Aura Capital was instrumental to Bligh Resources’ acquisition of its flagship pre-production
Bundarra gold asset in December 2012, and has been a long-term shareholder and supporter of the Company
from the time of Bligh’s Initial Public Offering in December 2011.
Mr Eric Chan has experience in advising public companies on a number of significant transactions. Eric has also
been closely involved in Bligh’s corporate growth strategy and providing support for capital raising activity since
the time of the IPO, with Aura underwriting a portion of Bligh Resources’ IPO and subsequently issuing a
convertible loan note facility in July 2012.
35
Investor Presentation – September 2013
Strong Board - Geological and Management Team
Peiqi Zhang
Non-Executive
Director
Mr.Peiqi Zhang has more than 30 years experience and knowledge in the Chinese mining industry. He is the
Chairman and founder of China Shanxi Guxian Jin Yu Coking Co. Ltd., Chairman of Inner Mongolia Jiyuan Iron
and Steel Company, a senior member of Shanxi Province federation of Industry and the Standing Committee and
a senior member of the CPPCC Standing Committee of Linfen City.
China Shanxi Guxian Jin Yu Coking Co.Ltd., mining enterprise has annual sales of more than one billion Yuan,
fixed assets of 500 million Yuan, employs 650 workers and has an annual production of 800,000 Tons of Coal.
Mr Zhang is one of the prominent leaders in the mining industry of Shanxi Province.
Mr.Li graduated from Tsinghua University in 2006, obtaining an MBA degree.
Zhijie Li
(Alternate for
Peiqi Zhang)
He is experienced in management and project negotiations. He has worked for HuaWei, a leading global ICT
solutions provider during the period of 2001 to 2003. Mr Li is the Chairman and founder of Xinxiang HuaJie
vocational school, a position he has held since 2007.
Mr.Li has been the deputy general manager of Beijing JinYuQiZhen Investment Co.,Ltd. since September 2011
36
Investor Presentation – September 2013
Strong Board - Geological and Management Team
Jinle Song
Non-Executive
Director
Dinghao Song
(Alternate for
Jinle Song)
Vernon
Stocklmayer
Consultant
37
• Chairman-Shanxi Jiaocheng Yiwang Ferroalloy Co., Ltd (2004- Current)
• Director -Shanxi Jiaocheng Yiwang Ferroalloy Co., Ltd (1992-2004)
• Shanxi Electric Power Exploration & Design institute (1978- 1992)
Mr. Jinle Song’s company, Shanxi Jiaocheng Yiwang Ferroalloy Co., Ltd (“Yiwang”) is a specialist producer of
manganese alloys. Under Mr. Song’s leadership, Yiwang has become a technological leader in the manufacturing
of ferroalloys. In 2007, Yiwang developed a new process of refining manganese metal and low carbon ferro
manganese. The process has been appraised by The Chinese Society for Metals and China Iron & Steel
Association. Yiwang received the “National Metallurgical Science and Technology Award” for technological
advancement.
Mr Dinghao Song resides in Taiyuan City, Shanxi Province of China and currently works for the finance and
investment Division of Jiaocheng Yiwang Ferroalloy Co Ltd.
2003 -- 2006 Shanghai Yucai High School
2006 -- 2010 Shanghai Li Xin University of Commerce
2011 -- 2012 University of Wollongong
Present -- Jiaocheng Yiwang Ferroalloy Co Ltd
• A qualified geologist with a 42 year career
• Spent 30 years with BHP Billiton running the manganese exploration division
• Will act as a consultant to Bligh on a contractual basis
Investor Presentation – September 2013