diggers and dealers presentation - duketon...

Duketon Mining Limited |

DIGGERS AND DEALERS PRESENTATION

August 2016

Drilling for gold in the well endowed Duketon Belt -100% and in Joint Venture with Regis Resources

www.duketonmining.com.au


This presentation has been prepared by Duketon Mining Limited(“Duketon”). The information contained in this presentation is a professional opinion only

and is given in good faith. Certain information in this document has been derived from third parties and though Duketon has no reason to believe that it is

not accurate, reliable or complete, it has not been independently audited or verified by Duketon. Any forward-looking statements included in this document

involve subjective judgement and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and may be

unknown to, Duketon. In particular they refer only to the date of this document, they assume the success of Duketon’s strategies, and they are subject to

significant regulatory, business, competitive and economic risks and uncertainties. Actual future events may vary materially from those in the forward looking

statements. Recipients of this document are cautioned not to place undue reliance on such forward-looking statements. Duketon makes no representation

or warranty as to the accuracy, reliability or completeness of information in this document and does not take responsibility for updating any information or

correcting any error or omission which may become apparent after this document has been issued. To the extent permitted by law, Duketon and its officer’s

employees, related corporations and agents disclaim all liability, whether direct, indirect or consequential for any loss or damage arising out of, or in

connection with, any use or reliance on this presentation or information. All amounts are in A$ unless otherwise stated.

Competent Person Statement:

The information in this report that relates to exploration results and exploration targets is based on information compiled by Mr Stuart Fogarty, Member of

the Australian Institute of Mining and Metallurgy and Employee of Duketon Mining Limited. Mr Fogarty has sufficient experience which is relevant 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 and consents to the inclusion in this report of the matters reviewed by him in the form and context in which they

appear.

The information in the announcement that relates to Mineral Resources for Rosie is extracted from the report entitled “Duketon Mining Prospectus” dated 19

June 2014 and is available to view on the Company’s website (www.duketonmining.com.au). The information in the announcement that relates to Mineral

Resources for C2 is extracted from ASX announcement 29 January 2015. The company confirms that it is not aware of any new information or data that

materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning

the estimates in the relevant market announcements continue to apply and have not materially 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 announcement.

Cautionary Statement

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Corporate Overview

Duketon Mining Limited ASX: DKM

Shares on Issue 82.5m

Options on Issue1 38.6m

Market Cap. @ 25.5c $21m

Cash + Listed Investments (Jun 16) $5.0m

Enterprise Value $16m

1. Volume weighted exercise price of 25.5 cents and volume weighted time to expiry 2.9 years

Board & Management

Seamus CorneliusNon-Executive

Chairman

Mr Cornelius brings to the Board 21 years of corporate experience in both legal and commercial negotiations. Mr Cornelius hasbeen living and working as a corporate lawyer in China for 17 years. He has been based in Shanghai and Beijing since 1993. From 2000 to 2010 he was an international partner with one of Australia’s leading law firms and specialized in dealing with cross border investments, particularly in energy and resources. Mr Cornelius has for many years advised large international companies on their investments in China and in recent years has advised Chinese state owned entities on their investments in natural resource projects outside of China including in Australia.

Stuart FogartyManaging

Director

Mr Fogarty has over 19 years of exploration experience with BHP Billiton and Western Mining Corporation. Until recently, he was BHP’s Senior Exploration Manager for North and South America. Mr Fogarty has a very strong background in nickel exploration, having commenced his career at Kambalda Nickel in 1994. He has held senior roles with BHP including Senior Geoscientist for nickel exploration in the Leinster and Mt Keith region, Project Manager WA Nickel Brownfields and Regional Manager Australia –Asia where he was responsible for a $100 million per annum exploration budget.

Heath HellewellNon Executive

Director

Mr Hellewell is an exploration geologist with over 20 years of experience in gold, base metals and diamond exploration predominantly in Australia and West Africa. Heath joined Independence Group NL in 2000 prior to the Company’s IPO and was part of the team that identified and acquired the Tropicana project area, eventually leading to the discovery of the Tropicana gold deposit. He was most recently the co-founding Executive Director of Doray Minerals Limited, where he was responsible for the Company’s exploration and new business activities. Following the discovery of the Andy Well gold deposits in 2010, DorayMinerals was named “Gold Explorer of the Year” in 2011 by The Gold Mining Journal and in 2014 Heath was the co-winner of the prestigious “Prospector of the Year” award, presented by the Association of Mining and Exploration Companies.

Share Price Chart (Last 12 Months)

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$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

More Gold Will Be Found in the Duketon Belt

REGIS RESOURCES IN 2005

Regis Resources Mkt Cap $40m

Au Resource (Duketon Belt) Circa 1.0Moz

Operating Mines (Duketon Belt) Nil

Au Production (Duketon Belt) Nil

Duketon Belt Tenement Holding

~ 2,000km2

Gold Price A$340/oz

The Duketon Belt is highly prospective………..Duketon Mining is following the Regis Resources (ASX: RRL) success story……..

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REGIS RESOURCES IN 2016

Regis Resources Mkt Cap ~$2bn

Au Resource (Duketon Belt) Circa 5.8Moz

Operating Mines (Duketon Belt) 3

Au Production (Duketon Belt) Circa 300kozpa

Duketon Belt Tenement Holding ~ 2,000km2

Gold Price ~A$1,800/oz

4


Timeline – Very Active

5

Lots of drilling in the next 6-12 mths!

Aug Sep Oct Nov Dec 2017

Hacks Bore

Davies Bore

Henrys Bore

Petra Nth #2

Hacks Bore #2

Lancefield Nth

Murphy Hills

Golden Star

Commonwealth

Other Geochem

Hootanui?

Bandya?

DKM 100%

Joint Venture


Tenements

6

Multiple Projects

Regional work by DKM in 2015

identified the Western Belt to be a

direct analogue for the southern

Laverton Belt (e.g. Wallaby, Sunrise

etc)

Commissioned independent

targeting

Generated multiple regional

targets +15 and counting


Davies Bore

7

1.2 km Long Anomaly

5 lines 200 - 500m apart

12m @ 0.9g/t Au (BOH)

Inc. 3m @ 2.7g/t Au

25m @ 0.7g/t Au (BOH)

Inc. 9m @ 1.6g/t Au

16m @ 1.5 g/t Au

Inc. 4m @ 5.2 g/t Au

Fresh, altn, qtz, suls

Felsic and mafic package

2nd Drill program completed


Ore Grade Intersection

Targeting the intersection of

two geochemical trends

5m @ 13.1g/t Au (BOH)

4m @ 3.3g/t Au

40m downhole

4m @ 1.6 g/t Au

4m @ 1.3 g/t Au

Felsic and mafic package

Drilling to extend anomaly

continuing

Henry’s Bore South

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DRC00728m @ 0.8 g/t Au

Incl. 1m @ 11.8 g/t Au(Historic Drilling)

DMAC0395m @ 13.1 g/t Au

(BOH)

DR47032m @ 0.4 g/t Au(Historic Drilling)

DMAC0428m @ 0.6 g/t Au

OP

EN

0 250 500m

Broad Au + As

anomaly in

historic drilling




HBAC0064m @ 1.6 g/t Au



Incl. 4m @ 3.3 g/t Au


HBAC0291m @ 1.1 g/t Au(BOH Basement)

Duketon Mining Limited |9

Lancefield North

Historical Project

Last drilled in the 1984 - 90

5km north of 1Moz Lancefield Mine

Laverton Tectonic Zone

3.5km strike of prospective sequence

RAB, RC and 2 x Diamond Holes

8m @ 11.01g/t Au,

8m @ 4.41g/t Au,

8m @ 4.02g/t Au & 1m @ 7.03g/t Au,

4m @ 4.25 g/t Au,

2m @ 13.18g/t Au,

1m @ 29.4g/t Au & 1m @ 7.05g/t Au,

1m @ 6.35g/t Au

Drill ready!


Murphy Hills

+2km long gold trend

Multiple wide zones of

gold

4m @ 4.6 g/t Au

4m @ 2.0 g/t Au

2m @ 3.4 g/t Au

2m @ 3.1 g/t Au

+1g/t hits and broad low

grade gold everywhere

Drill ready!


Murphy Hills

TOFR


Golden Star/ One Weight Wonder

12

Tenement Granted in July ‘16

GS Historical Intersections

44m @ 1.0g/t Au

Incl. 14m @ 2.7g/t Au

4m @ 7.2g/t Au

6m @ 2.5 g/t Au

2m @ 5.1 g/t Au

OWW (1.5km strike)

4m @ 1.7g/t Au (RAB)

12m @ 1.1g/t Au (RAB)

GS = redrill

OWW = AC drill


RRL JV - Multiple Soil Anomalies + Drilling

13

Significant Anomaly

Commonwealth

• 3km x 300m

• >75 ppb Au

• Core of + 250 ppb Au

• 2 samples + 1g/t Au

• 9,516 lag samples

• 400m x 100m

• Numerous +75 ppb Au

Infill sampling underway,

drilling?


RRL JV – Nth Petra

Extension of Petra Resource

Results include;

3m @ 8.77 g/t Au from 21m








27 intersections of more than 1g/t Au

over 1m

Follow-up infill required

14


RRL JV – Hacks Bore

15

Garden Well Analogue

under transported cover (paleochannel).

lag geochemical support at the edge of the

paleochannel.

5km along strike from multi-million ounce

Garden Well Mine.

within the main north south structural

corridor that hosts Garden Well, Moolart

Well, and Tooheys Well.

Drilling

+57 holes + follow-up


Timeline – Very Active

16

Lots of drilling in the next 6-12 mths!

Aug Sep Oct Nov Dec 2017

Hacks Bore

Davies Bore

Henrys Bore

Petra Nth #2

Hacks Bore #2

Lancefield Nth

Murphy Hills

Golden Star

Commonwealth

Other Geochem

Hootanui?

Bandya?

DKM 100%

Joint Venture


Expedited plan to bring success forward

Current spend rate circa $2M per annum

Rate limiting step is cash not projects

Multiple opportunities in the gold portfolio (and growing)

Accelerated plan would bring growth forward

Refer to RRL growth story

Significant endowment in the area

DKM tenements underexplored

Understanding depletion zone is a major knowledge breakthrough

Budget Vs. Accelerated Plan

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Investment Highlights

Pillars to Add Value:

1. Gold exploration DRILLING CONTINUES

2. Regis spending on Gold Joint Venture DRILLING CONTINUES

3. Expand existing nickel resources ON HOLD

4. Discover new nickel deposits – ON HOLD

Cash (+ liquids) balance of ~$5.0 million end of June ‘16 Q – WELL FUNDED

Enterprise value of $16M (Market Cap. $21M) – LEVERAGED TO DISCOVERY

Managing Director ex-BHP Senior Exploration Manager for Americas – EXPERIENCED MANAGEMENT

100% owned Duketon Gold-Nickel Project located in WA near significant infrastructure – RIGHT LOCATION

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Duketon Mining Limited | 19

Duketon Mining Ltd. Head Office

Phone +61 8 6315 1490 Ground Floor, 31 Ventnor

Fax +61 8 9486 7093 Avenue, West Perth

Web: www.duketonmining.com.au Western Australia 6005

Contact Details

http://www.duketonmining.com.au/

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