Pat Scott, Managing Director

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Gold Symposium - October 2012
ASX: MUX | SHARES ON ISSUE 160.7m | MARKET CAPITALISATION $59.5M | SHARE PRICE A$0.37
PRESENTED BY: Pat Scott
AS AT 15 OCTOBER 2012
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2. DISCLAIMER
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Competent Person’s Statement
The information in the report to which this statement is attached that relates to Exploration Results and Mineral Resources is based on information compiled by Dr Adrian McArthur, the General Manager Exploration for
Mungana Goldmines Ltd, and who is a member of the Australian Institute of Mining and Metallurgy and is a full time employee of the Company. Dr McArthur has sufficient experience relevant to the style of
mineralisation and type of deposit under consideration and to the activity which 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’. Dr McArthur consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
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JORC – Exploration Targets
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It is common practice for a company to comment on and discuss its exploration in terms of target size and type. The information in this presentation relating to exploration targets should not be misunderstood or
misconstrued as an estimate of Mineral Resources or Ore Reserves. Hence the terms Resource(s) or Reserve(s) have not been used in this context. The potential quantity and grade is conceptual in nature, since there
has been insufficient work completed to define them beyond exploration targets and that it is uncertain if further exploration will result in the determination of a Mineral Resource.
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Forward-Looking Statements
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This presentation has been prepared by Mungana Goldmines Ltd. This document contains background information about Mungana Goldmines Ltd current at the date of this presentation. The presentation is in summary
form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the
information, statements and opinions contained in this presentation.
This presentation is for information purposes only.» Fifth levelthe information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of Mungana
Neither this presentation nor
Goldmines Ltd shares in any jurisdiction.
This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own
jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction.
This presentation does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and
recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is
appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.
To the fullest extent permitted by law, Mungana Goldmines Ltd, its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or
completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of
negligence or otherwise is accepted.
This presentation may include forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Mungana Goldmines
Ltd. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements.
Any forward looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law and ASX Listing Rules, Mungana Goldmines Ltd does
not undertake any obligation to update or revise any information or any of the forward looking statements in this presentation or any changes in events, conditions or circumstances on which any such forward looking
statement is based.
NOT FOR DISTRIBUTION
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3. COMPANY HIGHLIGHTS
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• Attributable JORC compliant Resources of 3.2 million
ounces of gold, 273,000 tonnes of copper
• and 35 million ounces text styles
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• – Second level
Medium term production target of approximately 100,000
ounces of gold from Tunkillia / Tarcoola Gold Project
• Third level
• Target Cash costs of ~A$900/oz.
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• Major Shareholders
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– Mungana Pty Ltd (Kagara Ltd) 97.5m
– GHG (China) 25.1m
– Prosperity Steel (Singapore) 13.0m
– Total Shares 160.7m
• Strong cash balance A$11.5M as at end of September
• Exciting exploration pipeline
MUNGANA GOLDMINES : A significant new gold company
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4. PROJECT PIPELINE
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DEVELOPMENT
1. The Tunkillia Gold Project text styles
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Australia)
– Second level 1.6Moz Ag
– Resources – 800kAu,
– Production Potential – 80,000 ozpa
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– Tarcoola Addition Potential - 20,000
ozpa – Fourth level
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2. The Mungana Gold Project (Queensland)
– Resources – 2.7MozAu, 273ktCu,
34Moz Ag
– Production Potential – 100,000 ozpa
EXPLORATION
• South Australia – A$4M this year
• North Queensland – on Hold
• New South Wales – seeking JV partner
ASSETS
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5. TUNKILLIAEDIT MASTER TITLE STYLE
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(Earning 70%)
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• Controlling interest in JV with Helix
– Second level
Resources
• Third level
• New gold province discovered in 1996
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• Resource of 803koz Au, 1.6Moz Ag
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• Earning to 70% this year with A$6M
budget
• Strong probability of exploration
extensions
TUNKILLIA GOLD PROJECT
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6. SCOPING STUDY RESULTS
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• Production of
• Simple staged open pit mine
• 492,000 ounces
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over 6 years • Conventional process plant
– Second level • Pre-Tax Operating Surplus of A$163m and
• Low Capital of
A$114M Third level
• • IRR of 28.3% @A$1600/oz.
• Cash costs of Fourth level
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~A$983/oz. » Fifth level
• Throughput rates of
2mt per annum
TUNKILLIA GOLD PROJECT
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7. TUNKILLIA PROPOSED SITE LAYOUT
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8. TARCOOLA GOLD PROJECT STYLE
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(MUX 100%)
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– Second level
• Purchased July 2012
• Third level
• 60km north west of Tunkillia
• Historic productionFourth level
– of 77,000
Ounces at 37.5g/t Au» Fifth level
• Potential to contribute
additional 20,000 ounces per
annum of production through
proposed Tunkillia plant
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9. TARCOOLA GOLD PROJECT
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• Perseverance Deposit
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• Initial high grade open pit
potential. Historic level
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intersections Third level
• include:
• 34.3m @ 26.2 g/t Au level
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• 21m @ 62.2 g/t AuFifth level
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• Initial Drilling currently
underway
• JORC Resource in
December quarter 2012
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10. MUNGANA PROJECT (100% MUX)
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• Red Dome Open Pit
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produced 1Moz Au, 4.3Moz
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Ag, 35kt Cu from 1985 -1997
• Third level
• Resource of – Fourth level
2.7Moz Au,
273kt Cu, 34Moz Ag Fifth level
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• Red Dome and Mungana -
3km apart
• Both on Granted Mining
Leases
MUNGANA GOLD PROJECT
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11. BFS STAGE 1 HIGHLIGHTS
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• Production of approximately
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100,000oz of gold, text styles
–copper and level of silver per
Second 1.5Moz
annum Third level
• achievable
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• Mine life of at least 10 years
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• Cash costs of A$883/oz.*
• Throughput rates of 4mt per annum
• Total Production, ~1moz Au, 100kt
Cu, 15moz Ag
* Cash Costs are Net of by-product (copper and silver) credits
Metal Price assumptions; Copper US$8500/t and Silver Price of US$35/oz.
Exchange Rate assumptions; A$1.00/$US
.
MUNGANA GOLD PROJECT
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12. EXPLORATION MASTER TITLE
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• Potential for
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within Second level
– trucking
distance• ofThird level
proposed
plant
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• Well defined
structural and » Fifth level
geochemical targets
ready for drilling
• A$4M budgeted this
FY
TUNKILLIA GOLD PROJECT
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13. EXPLORATION - TARCOOLA
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14. EXPLORATIONMASTER TITLE STYLE
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NEW SOUTH WALES
• Key position targeting under-
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explored extensions to Australia’s
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major porphyry cooper-gold province.
Third level
• Targets•located at similar structural
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and stratigraphic position to known
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mineral centres, under cover.
• Seeking JV Partner
MUNGANA GOLD PROJECT
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15. STRONG EDIT MASTER TITLE STYLE
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Project Development Exploration
• Scott – Managing Director styles
Pat Click to edit Master text Adrian McArthur – GM Exploration
• Built Second levelmultiple gold
– and operated • Senior roles at major companies
including; WMC, St Barbara, Lion Ore
mines • Third level
– Bounty Gold Mine level
– Fourth
– Tanami Gold Mine
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– Beaconsfield Gold Mine
Tom Cooney – GM Project Development
• Senior roles at major companies
including; KCGM, MIM, Thiess
In-house expertise in areas of
Engineering, Geology and Metallurgy
DELIVERY
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THANK YOU » Fifth level
APPENDICES TO FOLLOW
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17. RESOURCE INVENTORY
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Table 1 – Mungana Goldmines Ltd Resource (100% Mungana Gold Project And 55% Tunkillia Gold Project)
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M Master text g/t Gold styles Silver g/t Copper % Gold kozs Silver kozs Copper kT
Measured 42.3 0.82 11.3 0.29 1,115 15,410 121
Indicated – Second53.4 level 0.65 7.0 0.17 1,120 11,133 91
Inferred 43.9 0.65 5.9 0.14 917 8,332 62
Total • Third level
139.6 0.70 8.0 0.20 3,151 34,875 273
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Table 2 – Mungana Gold Project Resource (100%)
Category M Tonnes » Fifth g/t
Gold level Silver g/t Copper % Gold Kozs Silver kozs Copper kT
Measured 41.0 0.79 11.61 0.30 1,041 15,300 121
Indicated 49.8 0.58 7.01 0.18 923 10,691 91
Inferred 40.2 0.58 5.95 0.15 746 7,972 62
Total 131.0 0.64 8.04 0.21 2,709 33,963 273
Table 3 - Tunkillia Gold Project Resource (100%)
Category M Tonnes Gold g/t Silver g/t Gold Kozs Silver kozs
Measured 2.3 1.8 7.4 134 200
Indicated 6.5 1.7 5.5 359 803
Inferred 6.7 1.4 5.2 310 655
TOTAL 15.6 1.6 5.5 803 1,658
APPENDICES
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18. FACT TO EDIT
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Board Members Senior Management
Joe Treacy Chairman Pat Scott Managing Director and CEO
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Pat Scott
Mark McConnell
Managing Director and CEO
Executive Director
Tom Cooney
Adrian McArthur
GM Projects
GM Exploration
Ross Hutton Non-Executive Director Ben-Louis Ludik CFO
– Second level
John Fitzgerald Non-Executive Director Jeremy Robinson GM Business Development
Bruce Rathie Non-Executive Director Auditors
Justin Jian Yi Wu • Third level Non-Executive Director Ernst & Young
Lawyers
Jeremy Robinson
– Fourth level Secretary
Registered & Principal Office
Company
Hopgood Ganim
Share Registry
Mungana Goldmines Ltd
Level 12, 500 Queen St » Fifth level Link Market Services
Brisbane, QLD, 4000
Australia
Telephone: +61 7 3835 0800
Facsimile: +61 7 3832 5045
Email: info@mungana.com.au
Website www.munganagoldmines.com.au
Stock Exchange Listings
Australian Stock Exchange MUX
APPENDICES
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