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The Emerging Wilcherry Gold Camp
Presentation to
South Australian Exploration and Mining Conference
Adelaide Convention Centre, Adelaide
7 December 2018
Cautionary & Competent Person Statement
Cautionary and Forward Looking Statements
This presentation has been prepared by Alliance Resources Limited ("Alliance"). The information contained in this presentation is of a general nature only and does not constitute an offer to issue, or to arrange an issue, of securities or financial products. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. This presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person.
Before making an investment decision on the basis of this presentation, the investor needs to consider, with or without the assistance of a financial advisor, whether the investment is appropriate with due regard for their particular investment needs, objectives and financial circumstances.
Certain information in this document refers to the intentions of Alliance, however, these are not intended to be forecasts, forward looking statements or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Alliance's actual plans, results, performance or achievements to differ from those referred to in this presentation.
To the maximum extent permitted by law, none of Alliance's directors, officers, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault of negligence, for any loss arising from the use of the information contained in this document nor is any obligation assumed to update such information. In particular, no representation or warranty, express or implied, is provided as to its accuracy, completeness or currency of the information contained in this document. Alliance accepts no obligation to correct or update the information or opinions expressed in it. Opinions expressed are subject to change without notice and reflect the views of Alliance at the time of presenting.
Competent Person's Statement
The information in this report that relates to the Exploration Results is based on information compiled by Mr Anthony Gray and Mr Stephen Johnston. Mr Gray is a Member of the Australian Institute of Geoscientists and is a part-time contractor to Alliance Resources Ltd. Mr Johnston is a Member of the Australasian Institute of Mining and Metallurgy and is a full-time employee of Alliance Resources Ltd. Mr Gray and Mr Johnston have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Gray and Mr Johnston consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.
Alliance Overview
Gold and base metals explorer targeting highly prospective projects in South Australia and Western Australia
Proven track record in delivering shareholder value - $58.4M returned to shareholders in 2015 and 2016 through sale of historic asset
Flagship Wilcherry Project Joint Venture
o Maiden Mineral Resource for gold (high grade)
o Mining and processing Scoping Study in progress
AGS Share Price (YTD)
Capital Structure | |
ASX Code | AGS |
Shares on Issue | 104,293,923 (1.55 M unlisted options) |
Market capitalisation | $ 12.5 M ($0.12/share) |
Cash | $3.9 M (30 Sep 2018) |
Major holders | Directors/staff: 33.6 %, Funds: 13.1 % |
Holdings | AGS owns 7.6% of TYX (~$928K) |
Wilcherry Project
Alliance's flagship project
Located in the Gawler Craton, northern Eyre Peninsula, 40 km north of Kimba, South Australia
Large tenement package of seven ELs (1,200 km2) prospective for gold and base metals
Joint venture between Alliance (79.01% and manager) and Tyranna Resources Ltd (20.99%)
Alliance is sole funding $3.2 million in FY2019 and may move to 83.6% ownership
Regional Geology
East end of Central Gawler
Gold Province
Northern edge of Cleve Domain
Erosional environment with shallow transported cover
Wilcherry Hill
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Disclaimer
Tyranna Resources Limited published this content on 07 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 December 2018 03:06:04 UTC