SEPTEMBER 2015 ASX:CDV

Transcription

1 NEW GOLD DISCOVERY GHANA WEST AFRICA SEPTEMBER 2015

2 SIGNIFICANT DRILL RESULTS Significant results (from vertical depths) include: 1.21 g/t from surface (including 2.5 g/t) 1.41 g/t from 14m (ended in mineralisation) 3.10 g/t from 3m (including g/t) 3.58 g/t from 85m 2.27 g/t from 87m (including g/t) 2.35 g/t from 61m (ended in mineralisation) 2.70 g/t from 98m 1.37 g/t from 14m (ended in mineralisation) 1.51 g/t from surface 3.03 g/t from 73m 4.17 g/t from 47m 8.46 g/t from 85m CARDINAL RESOURCES LIMITED 1

3 AERIAL VIEW CARDINAL RESOURCES LIMITED 2

4 EXTENSION DRILL PLAN CARDINAL RESOURCES LIMITED 3

5 LOCATION MAP CARDINAL RESOURCES LIMITED 4

6 CORPORATE SNAPSHOT Capital Structure Listed Unlisted Total Fully Paid Ordinary Shares (ASX: CDV) 112,659, ,659,269 Listed Options Ex. $0.15 on or before 30 September ,420,981-87,420,981 Unlisted Options Ex. $0.20 on or before 31 December ,000,000 11,000,000 Class A Performance Shares (100k for 1) Class B Performance Shares (100k for 1) Class C Performance Shares Directors hold 13% Top 10 shareholders hold 41% Top 20 shareholders hold 57% CARDINAL RESOURCES LIMITED 5

7 HIGHLY QUALIFIED BOARD OF DIRECTORS BOARD and MANAGEMENT SKILLS TO DELIVER EXPLORATION SUCCESS AND COMPANY GROWTH Alec PISMIRIS Chairman, B.Com. IGIA. MAICD Mr Pismiris is currently a director of Capital Investment Partners, a company which provides corporate advisory services. Mr Pismiris has over 25 years experience in the securities, finance and mining industries. Mr Pismiris is also a director of Agrimin Limited (ASX:AMN), Aguia Resources Limited (ASX: AGR) and Mount Magnet South NL (ASX: MUM). Archie KOIMTSIDIS - Managing Director, MBA. Former Deputy Country Manager for PMI Gold (TSX-V/ASX). Credited with increasing PMI Gold s resource from 1.5 to 4.5 Moz. Over 25 year involvement in all facets of gold exploration, discovery, production and refining in West Africa and South America. Unique knowledge and understanding of geopolitical and operational matters in relation to resource projects in Africa. Resident in Ghana. Malik EASAH Executive Director Advisor to various Government Departments within Ghana, East and West Africa including: Lands and Natural Resources, Minerals Commission and the Chamber of Mines Accra based principal of successful gold producing operations within Ghana. Resident inghana. CARDINAL RESOURCES LIMITED 6

8 HIGHLY QUALIFIED BOARD OF DIRECTORS (Cont d) BOARD and MANAGEMENT SKILLS TO DELIVER EXPLORATION SUCCESS AND COMPANY GROWTH Mark THOMAS Non-Executive Director, BSc (Hons) Mr Thomas has over 28 years experience in exploration and mining geology, geostatistics and mining finance. Mr Thomas was an Executive Director of Macquarie Bank for 11 years until his retirement in late He has extensive equity investment and banking experience in gold projects in West Africa, including undertaking significant transactions for several of the larger gold mining projects developed in Ghana over the past two decades. Simon JACKSON Non-Executive Director, B Com, FCA Simon Jackson is a Chartered Accountant with over 25 years gold industry experience in Australia and Africa. Mr Jackson was the Vice President Corporate Development and formerly the Chief Financial Officer for Red Back Mining Inc prior to its takeover by Kinross Gold Corporation in September He was an integral part of the senior management team that saw Red Back's market capitalisation grow from C$40 million in 2004 upon listing on TSX to over C$9 billion on takeover. While at Red Back, he oversaw the financing, development and construction of the company's mines in Ghana and Mauritania which today produce over 300,000 ounces of gold per year. Mr Jackson is currently Non-Executive Director of Sarama Resources Ltd (TSXV: SWA) and Director of Orca Gold Inc. (TSXV: ORD). Paul ABBOTT Exploration Manager, M.Sc., FAusIMM, MGSSA. Recently credited with increasing PMI Gold (TSX-V/ASX) resource from 1.5 to 4.5 Moz at Obotan & Kubi Projects, Ghana. 46 years Australian and African exploration experience Resident in Ghana. CARDINAL RESOURCES LIMITED 7

9 JORC DISCLOSURE JORC 2012 This Presentation contains information extracted from the following reports which are available for viewing on the Company s website 18 August m high Grade Gold Zone at Namdini Extension 29 July m Mineralised Zone Further Along Strike at Namdini 2 July m Gold Zone and Current Drill Hole are Similar 23 March 2015 Wide Gold Intersections Continue at Namdini 3 February 2015 Cardinal Hits 42m Gold Up Dip at Namdini 19 January 2015 Cardinal Intersects 41m High Grade Gold Down Dip at Namdini 12 January 2015 Further High Grade Gold Interested Along Strike at Namdini 27 January 2015 Cardinal Hits 51m High Grade Gold Along Strike at Namdini 12 January 2015 Further High Grade Gold Intersected Along Strike at Namdini 28 November 2014 Further High Grade Gold Intersection at Namdini 5 November 2014 Cardinal Hits 43m Gold Intersection 26 August 2014 High Grade Gold, Shallow Intercepts at Namdini Continue The Company confirmed it is not aware of any new information or data that materially affects the information included in the Presentation relating to exploration activities carried out at Bolgatanga, Namdini and Subranum and all material assumptions and technical parameters underpinning the exploration activities in those market announcements continue to apply and have not been 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 announcements. CARDINAL RESOURCES LIMITED 8

10 NEW GOLD DISCOVERY GHANA WEST AFRICA