Aphrodite Gold : Investor Presentation

Microsoft PowerPoint - AQQ Investor Presentation 27 04 16 FINAL.pptx

Investor Presentation

APRIL 2016

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Disclaimer

The purpose of this presentation is to provide general information about Aphrodite Gold Limited (Company) and it is presented for informational purposes only. It is not recommended that any person makes any investment decision in relation to the Company based solely on this presentation.

This presentation does not necessarily contain all information which may be material to the making of a decision in relation to the Company. Any investor should make their own independent assessment and determination as to the Company's prospects prior to making any investment decision, and should not rely on the information in this presentation for that purpose.

This information in this presentation is confidential, is being furnished to you solely for your information and may not be reproduced, in whole or in part, or distributed to any other person except to your legal, tax and financial advisers who agree to maintain the information in this presentation in confidence. This presentation is only to be disclosed to sophisticated or professional investors (as those terms are defined in section 708 of the Corporations Act). By accepting a copy of this presentation you represent and warrant that you are a sophisticated or professional investor within the meaning in section 708 of the Corporations Act.

This presentation contains certain statements which may constitute "forward looking statements". Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to differ materially from those expressed, implied or projected in any forward-looking statements. Given these uncertainties, recipients are cautioned not to place reliance on forward-looking statements. Past performance of the Company or its shares cannot be relied on as a guide to future performance. No representation or warranty, express or implied, is made by the Company that the matters stated in this presentation will be achieved or prove to be correct. Recipients of this presentation must make their own investigations and inquiries regarding all assumptions, risks, uncertainties and contingencies which may affect the future operations of the Company or the Company's securities

The Directors of the Company have no reason to believe the information incorporated in this presentation is other than reliable or complete. However, they have not sought independently to verify all such information and therefore no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation and the Company accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this presentation or any other information made available to a person nor any obligation to furnish the person with any further information. To the maximum extent permitted by law, neither the Company, its related corporations, directors, employees, agents or advisers, nor any other person, accepts any liability, including, without limitation, any liability arising from fault, negligence or negligent misstatement, for any loss arising from the use of this presentation, its contents, or for any omissions from this presentation, or otherwise arising in connection with it.

The provision of this presentation is not, and should not be considered as, the provision of financial or investment advice and the Company does not purport to give such advice. No account has been taken of the objectives, financial situation or needs of any recipient of this document. Recipients of this presentation are advised to consult their own professional advisers.

Forward Looking Statements

Statements regarding plans with respect to the Company's mineral properties are forward looking statements. There can be no assurance that the Company's plans for development of its mineral properties will proceed as expected. There can be no assurance that the Company will be able to confirm the presence of mineral deposits, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of the Company's mineral properties

Competent Persons Statement

The information in the report to which this statement is attached that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Eduard Eshuys, a Competent Person who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Eduard Eshuys has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Eshuys consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Notes on JORC Resource Estimate

The JORC Resource for the Aphrodite Gold Project consists of 16.40Mt @ 1.70g/t Au for 898,000 ounces (Indicated) and 12.34Mt @ 1.26g/t Au for 498,000 ounces (Inferred) totalling 28.74Mt @ 1.52g/t Au for 1.4 Million ounces of gold. This resource has been broken down into two domains; potential open pit (0 to 150m depth) and underground (below 150 to 540m depth). Potential open pit resources consist of 13.91Mt @1.21g/t Au for 542,000 ounces (Indicated) and 11.52Mt @1.00g/t Au for 369,000 ounces (Inferred) totalling 25.43Mt @ 1.11 g/t Au for 911,000ounces at a cut-off grade of 0.5g/t. Potential underground resources consist of 2.48Mt @ 4.47g/t Au for 357,000 ounces (Indicated) and 0.83Mt @ 4.79g/t Au for 128,000 ounces (Inferred) totalling 3.31Mt @ 4.55 g/t Au for 485,000 ounces at a cut off grade of 3.0g/t. Full details of the JORC resource are contained in the Company's ASX announcement of 12 June 2013.

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Summary

• Scoping Study completed by Entech Pty Ltd completed in February 2016 of open pit oxide/ supergene and transition mineralisation and released to ASX in March and April 2016.

• Open Pit possible operation of 1.1M tonnes @ 1.6g/t Au for 54,000 ounces outlined

• Total costs estimated, A$1,100 per ounce including start-up, pre-strip capital of $A15M and royalties

• Prefeasibility study to recommence with additional drilling, metallurgical testwork and other activities

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Company Share price and Structure

Aphrodite Gold Limited ASX: AQQ
Share price	$0.020
Shares on issue	467 million
Market capitalisation	$9.2 million
52 week range	$0.006-$0.024
Options maturing 31/07/17 Ex. @ $0.025	35 million

Major Shareholder	No of Shares (m)	% of total
Peter Buttigieg	203	44.25
GRP Limited	30.0	6.53
Eduard Eshuys	28.0	5.97
Gary Little	6.3	1.38
Craig Sutton	5.7	1.25

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