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Apollo Gold Ltd ASX: AOO

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1mtpa mill, refurbishment $3m to re-start. AOO 20% owned by ... Investigate/interpret large tonnage deposits. Low grade, shallow, soft... ...low strip ratio ... – PowerPoint PPT presentation

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Title: Apollo Gold Ltd ASX: AOO


1
Apollo Gold Ltd (ASX AOO)
  • 71.7m shares (30.6m 20cent options, Nov 2005)
  • Market cap A17m
  • Laverton Gold project
  • lt100,000 oz mineable resource
  • gt600,000 oz inferred resource
  • 1mtpa mill, refurbishment 3m to re-start
  • AOO 20 owned by Directors, management

2
Why Apollo?
  • Capitalised at A20/oz resource
  • Emerging producer
  • 10m cashflow located so far
  • searching for another 10m!
  • Subject to Anglo swap - Sickle
  • No Debt
  • Unhedged
  • Low country risk W Australia

3
Initial Project Study (PVS 1)
  • Confirm gt100,000 ozs, re-start the mill
  • 600,000 tpa refurbishment for 1.5m, or 1mtpa
    for A3m
  • Production within 12 months of listing
  • Howeveradditional projects may improve economics
  • further investigation required
  • possible different (larger) scale of project.
    worth a delay?
  • we believe so.

4
Excellent Infrastructure
  • 1mtpa mill under care and maintenance
  • 5km away from Laverton townsite
  • Accommodation and mine site offices in place
  • 4 hrs drive north of Kalgoorlie
  • 4km to Grid Electricity
  • Sealed road, all weather access
  • Refurbishment study near completion
  • Water studies and permitting near completion


5
Laverton Belt
  • 28m ozs discovered so far
  • 5 major discoveries so far
  • Opportunity for more

6
PVS II ?
  • Investigate/interpret large tonnage deposits
  • Low grade, shallow, soft
  • low strip ratio
  • Possible low cost ozs, at a larger scale of
    operation
  • Could require a larger scale mill crushing
    circuit
  • Is the 1mtpa milling scenario most efficient ?

7
Ida H open in all directions?
8
Ida H a different scope?
  • 5km of old workings at surface
  • 1km strike of old workings, down to 250m vertical
  • Bonanza shoot, 1-20 ozs/t to 475m vertical, 100m
    long
  • open at depth
  • shallow drilling only
  • Possible 10g/t target over considerable strike
  • Multiple loads evident, but not investigated
  • 15km of continuous mineralisation in the
    Barnicoat Shear

9
Ida H 3D image of drill targets
10
Ida H
  • Worked 1890s -1920s
  • Minimal work since
  • Major gold bearing structure
  • open cut for mill feed
  • Negligible drilling below 100m
  • AOO exploring for gt10g/t

11
Ida H Long section U/G
12
Admiral Hill
  • 11mt _at_ 1 g/t inferred 300,000 ozs
  • Shallow, mostly lt90m deep
  • 500 drill holes
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