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Sydney Gold Symposium – November 2011

Building a Gold, Silver and Zinc House
Disclaimer
•   The information contained in this presentation has been prepared by MacPhersons Reward Gold Ltd (MRP).
    This presentation is not an offer, invitation, solicitation or other recommendation with respect to the
    subscription for, purchase or sale of any securities in MRP. This presentation has been made available for
    information purposes only and does not constitute a prospectus, short form prospectus, profile statement or
    offer information statement. This presentation is not subject to the disclosure requirements affecting disclosure
    documents under Chapter 6D of the Corporations Act.
•   While the information contained in this presentation has been prepared in good faith, neither MRP or any of its
    directors, officers, agents, employees or advisors give any representation or warranty, express or implied, as to
    the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in
    this presentation. Accordingly, to the maximum extent permitted by law, none of MRP, its directors, employees
    or agents, advisers, nor any other person accepts any liability whether direct or indirect, express or limited,
    contractual, tortuous, statutory or otherwise, in respect of, the accuracy or completeness of the information or
    for any of the opinions contained in this presentation or for any errors, omissions or misstatements or for any
    loss, howsoever arising, from the use of this presentation.
•   This presentation may contain statements that may be deemed ‘forward looking statements’. Forward risks,
    uncertainties and other factors, many of which are outside the control of MRP can cause actual results to differ
    materially from such statements. Such risks and uncertainties include, but are not limited to, gold price
    volatility, increased production costs and variances in ore grade recovery rates from those assumed in mining
    plans, as well as political and operational risks and governmental regulation and judicial outcomes. MRP makes
    no undertaking to update or revise such statements, but has made every endeavour to ensure that they are fair
    and reasonable at the time of making the presentation.
•   Investors are cautioned that any forward-looking statements are not guarantees of future performance and
    that actual results or developments may differ materially from those projected in any forward-looking
    statements made.
•   Exploration targets are conceptual in nature and drilling may not convert these to resources.



              November 2011 Update: Building a Gold – Silver – Zinc House                                2
Today’s Message


  • Nimbus – Boorara Silver-Gold-Zinc-Copper-Lead
    • Existing silver-gold-zinc deposits
    • New polymetallic extensions
    • Current plan for 2011-2012
  • Coolgardie Gold Projects
    • Tycho JORC update and mine plan
    • MacPhersons – A-Cap – Salvo ongoing drilling
    • Plan to production



      November 2011 Update: Building a Gold – Silver – Zinc House   3
Heart of the Goldfields




      November 2011 Update: Building a Gold – Silver – Zinc House   4
People
Chairman (Executive)                           Managing Director (Executive)
Ashok Aaron Parekh                             Morrie David Goodz
BBUS, FCA, AIMM, FTIA                          MSc (Mining Geol), MBA, Cert Mine
Chartered Accountant                           Manager, FAIMM
32 years experience                            Geologist – 33 years experience
Coordinate assets for IPOs                     Discovered/Designed 4 decline mines

Non-Executive Director                         Company Secretary
Jeffrey Wayne Williams                         Stephen Hewitt-Dutton
BSc (Mining Eng), MBA, FAIMM                   BBus, CA, SA Fin
Mining Engineer – 38 yrs experience            Chartered Acct – 17 yrs experience
Founder – Mineral Deposits (MDL)               Specialist – Mergers & Acquisitions


Operations Management                           Prospecting Adviser
Ray Wright                                      Bill Powell
Cert Mine Manager                               Mine Owner / Operator
45 years experience                             56 years experience
Owner/Operator of 4 producing mines             Discovered Powell/MacPherson mines



             November 2011 Update: Building a Gold – Silver – Zinc House             5
Corporate
ASX Code:                 MRP

ASX Listed:             December 2010

Ordinary Shares:        214 million
Unlisted Options:       20 million                                                                      MRP
Market Cap:             A$68 m at 32 cents

Cash:                   A$17m
                                                                                                        XSO
PROJECTS

100% Gold Operations at Coolgardie

100% Nimbus Silver-Gold-Zinc-Cu-Pb Deposit

100% Boorara Gold & Ag-Au-Zn mining leases

Substantial Shareholders                          XSO= small cap stocks - daily (blue line)
                                                  MRP= MacPhersons share price - daily (red line)
Directors/associates    36%




                    November 2011 Update: Building a Gold – Silver – Zinc House                     6
Our Targets*

      • The Directors are currently planning
        operations with a target of moving from
        Explorer to Producer in 7 months

      • 2012 - 25,000 oz gold
      • 2013 - 50,000 oz gold / 1 Moz silver
      • 2014 - 75,000oz gold / 1+ Moz silver
             - zinc-silver-gold-lead concentrate
    * Note – exploration targets are conceptual in nature and drilling may not convert these to resources.




         November 2011 Update: Building a Gold – Silver – Zinc House                              7
Nimbus – 6 Moz Ag Target*


                                                                     6 Moz Ag




                                                7m @ 112g/t Au

                                                    84,600 oz Au                        Mill




*   Note – exploration targets are conceptual in nature and drilling may not convert these to resources.

                November 2011 Update: Building a Gold – Silver – Zinc House                       8
Silver Upside




      November 2011 Update: Building a Gold – Silver – Zinc House   9
Nimbus Silver Mine & Mill
• Largest Silver Mine in Kalgoorlie Goldfields – unique Ag-Au-Zn-Cu-Pb opportunity
• Closed in 2007 – ave silver price US$9/oz; A$10m cash from 3.6 Moz
• 3.6 Million ounces silver at 353g/t (11.4 oz/t silver or 9 g/t gold equiv)




            November 2011 Update: Building a Gold – Silver – Zinc House   10
Nimbus Exploration Potential
5 or more
VHMS deposits
Ag-Au-Zn-Cu-Pb
Mineralisation
Wireframes
To 300m Depth




          November 2011 Update: Building a Gold – Silver – Zinc House   11
Ag-Au-Zn-Cu-Pb to 300m
                           A’

  A




      November 2011 Update: Building a Gold – Silver – Zinc House   12
November 2011 Update: assays a Gold – Silver – Zinc House
 Limited Zn-Cu-Pb Building up to 39%-6%-16% per                      13
                                                            metre respectively)
10m Zn-Pb-Ag Massive Sulphides




      November 2011 Update: Building a Gold – Silver – Zinc House   14
Boorara

SignificantWireframes >350 g/t Silver
           Gold Deposit
Within 2km of Nimbus

                                                                7m @ 112g/t Gold
                                                            (incl 1m @ 738 g/t Gold)
                                                               500m north of CAT




     November 2011 Update: Building a Gold – Silver – Zinc House          15
Pit 1 Optimisation on 45Koz JORC
      Spider 1                 Spider 2




      November 2011 Update: Building a Gold – Silver – Zinc House   16
November 2011 Update: Building a Gold – Silver – Zinc House   17
Depth & Strike Potential

                                                    Pumphrey Discovery




      November 2011 Update: Building a Gold – Silver – Zinc House   18
Video Flyover (on-line)




      November 2011 Update: Building a Gold – Silver – Zinc House   19
Pit Design Study underway

Q4 2011 Projects
• Tycho JORC
  Update

• Metallurgical
  Testwork

• Pit Model Study                                 Rib Pillar to
                                                  be removed
• Complete MacP
  Drill Program



           November 2011 Update: Building a Gold – Silver – Zinc House   20
Key Assets -Points of Difference


• ASX-MRP

• Price: 32 cents

• Mkt Cap: A$68m

      www.macphersonsreward.com.au

       November 2011 Update: Building a Gold – Silver – Zinc House   21
Competent Person Statement

  The information in this presentation that relates to mineral resources and
  exploration results is based on information compiled by Mr Morrie Goodz who is
  a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Morrie Goodz
  is a full time officer of MRP and has sufficient experience which is relevant to the
  style of mineralisation and type of deposit under consideration and to the
  activity which he is undertaking 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”. Mr Goodz has given his consent to the inclusion in this
  presentation of the matters based on the information in the form and context in
  which it appears.




         November 2011 Update: Building a Gold – Silver – Zinc House         22
Our Opportunities
  Nimbus Silver Gold Zinc Copper Lead Targets*……

  • 6 million ounce silver exploration target*

                                   Tonnes             Grade           Ounces Ag

 Oxide and primary zones
                                 550,000 –
                                                 140 – 210 g/t Ag     2.5M – 4.7M
                                  700,000

 Tailings
                                 170,000 –
                                                  50 – 150 g/t Ag     0.3M – 1.1M
                                  320,000

 Unprocessed stockpiles           40,000 –
                                                  50 – 200 g/t Ag     0.13M – 0.16M
                                   55,000



            November 2011 Update: Building a Gold – Silver – Zinc House           23
Our Opportunities
Nimbus Silver Gold Zinc Copper Lead Targets*……
• Primary zinc-copper-lead-silver at depth to 370 metres
       up to 20m thick VHMS breccia with HGZ >20% Zinc,
        >1500g/t Silver, and >5% Lead over 2-3m core width;
        copper grades up to 6%
• Existing silver plant will be expanded and modified
• Drilling underway to determine:
       metallurgy/plant changes/resource
 Boorara Silver Gold Zinc Copper Lead Targets*……
 • Brindabella, Condor, Gretel and Tramways
 * Note – exploration targets are conceptual in nature and drilling may not convert these to resources.



               November 2011 Update: Building a Gold – Silver – Zinc House                                24
Our Opportunities

    Gold Targets*……
    • Coolgardie
              Tycho JORC Resource Update
              Open Pit planning
              Metallurgical Testing underway
              MacPherson Pit Drilling to be completed in
               October



   * Note – exploration targets are conceptual in nature and drilling may not convert these to resources.




          November 2011 Update: Building a Gold – Silver – Zinc House                             25
Our Opportunities
    Gold Targets*……
    • Nimbus Gold – multiple 10g/t
      intersections
    • Boorara Gold – 84,600 oz JORC resource
            2km WSW from the Nimbus Mill
    • Boorara Gold – New Northern extension
            2km West from the Nimbus Mill
            7m @ 112 g/t gold from 56m downhole




   * Note – exploration targets are conceptual in nature and drilling may not convert these to resources.

          November 2011 Update: Building a Gold – Silver – Zinc House                             26
Nimbus Silver Pits
• Mining completed 2006 – 2007 to top of supergene zone
• 3.6 Million ounces silver at 353g/t (11.4 oz/t silver or 9 g/t gold equiv)
• Ore was still exposed in all 4 leading pit faces and pit floor




          November 2011 Update: Building a Gold – Silver – Zinc House   27
13m Zn-Pb-Ag Massive Sulphides




      November 2011 Update: Building a Gold – Silver – Zinc House   28
33m Zn Semi Massive & Breccia Sulphides




        November 2011 Update: Building a Gold – Silver – Zinc House   29
Breccia Sulphide Contact




      November 2011 Update: Building a Gold – Silver – Zinc House   30
Massive Sulphides




     November 2011 Update: Building a Gold – Silver – Zinc House   31
Nimbus Core Facility




      November 2011 Update: Building a Gold – Silver – Zinc House   32
Near Term Gold Output-Coolgardie




                             Rib
                             Pillar



      November 2011 Update: Building a Gold – Silver – Zinc House   33
A-Cap




        November 2011 Update: Building a Gold – Silver – Zinc House   34

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1640 morrie goodz

  • 1. Sydney Gold Symposium – November 2011 Building a Gold, Silver and Zinc House
  • 2. Disclaimer • The information contained in this presentation has been prepared by MacPhersons Reward Gold Ltd (MRP). This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in MRP. This presentation has been made available for information purposes only and does not constitute a prospectus, short form prospectus, profile statement or offer information statement. This presentation is not subject to the disclosure requirements affecting disclosure documents under Chapter 6D of the Corporations Act. • While the information contained in this presentation has been prepared in good faith, neither MRP or any of its directors, officers, agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. Accordingly, to the maximum extent permitted by law, none of MRP, its directors, employees or agents, advisers, nor any other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of, the accuracy or completeness of the information or for any of the opinions contained in this presentation or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this presentation. • This presentation may contain statements that may be deemed ‘forward looking statements’. Forward risks, uncertainties and other factors, many of which are outside the control of MRP can cause actual results to differ materially from such statements. Such risks and uncertainties include, but are not limited to, gold price volatility, increased production costs and variances in ore grade recovery rates from those assumed in mining plans, as well as political and operational risks and governmental regulation and judicial outcomes. MRP makes no undertaking to update or revise such statements, but has made every endeavour to ensure that they are fair and reasonable at the time of making the presentation. • Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in any forward-looking statements made. • Exploration targets are conceptual in nature and drilling may not convert these to resources. November 2011 Update: Building a Gold – Silver – Zinc House 2
  • 3. Today’s Message • Nimbus – Boorara Silver-Gold-Zinc-Copper-Lead • Existing silver-gold-zinc deposits • New polymetallic extensions • Current plan for 2011-2012 • Coolgardie Gold Projects • Tycho JORC update and mine plan • MacPhersons – A-Cap – Salvo ongoing drilling • Plan to production November 2011 Update: Building a Gold – Silver – Zinc House 3
  • 4. Heart of the Goldfields November 2011 Update: Building a Gold – Silver – Zinc House 4
  • 5. People Chairman (Executive) Managing Director (Executive) Ashok Aaron Parekh Morrie David Goodz BBUS, FCA, AIMM, FTIA MSc (Mining Geol), MBA, Cert Mine Chartered Accountant Manager, FAIMM 32 years experience Geologist – 33 years experience Coordinate assets for IPOs Discovered/Designed 4 decline mines Non-Executive Director Company Secretary Jeffrey Wayne Williams Stephen Hewitt-Dutton BSc (Mining Eng), MBA, FAIMM BBus, CA, SA Fin Mining Engineer – 38 yrs experience Chartered Acct – 17 yrs experience Founder – Mineral Deposits (MDL) Specialist – Mergers & Acquisitions Operations Management Prospecting Adviser Ray Wright Bill Powell Cert Mine Manager Mine Owner / Operator 45 years experience 56 years experience Owner/Operator of 4 producing mines Discovered Powell/MacPherson mines November 2011 Update: Building a Gold – Silver – Zinc House 5
  • 6. Corporate ASX Code: MRP ASX Listed: December 2010 Ordinary Shares: 214 million Unlisted Options: 20 million MRP Market Cap: A$68 m at 32 cents Cash: A$17m XSO PROJECTS 100% Gold Operations at Coolgardie 100% Nimbus Silver-Gold-Zinc-Cu-Pb Deposit 100% Boorara Gold & Ag-Au-Zn mining leases Substantial Shareholders XSO= small cap stocks - daily (blue line) MRP= MacPhersons share price - daily (red line) Directors/associates 36% November 2011 Update: Building a Gold – Silver – Zinc House 6
  • 7. Our Targets* • The Directors are currently planning operations with a target of moving from Explorer to Producer in 7 months • 2012 - 25,000 oz gold • 2013 - 50,000 oz gold / 1 Moz silver • 2014 - 75,000oz gold / 1+ Moz silver - zinc-silver-gold-lead concentrate * Note – exploration targets are conceptual in nature and drilling may not convert these to resources. November 2011 Update: Building a Gold – Silver – Zinc House 7
  • 8. Nimbus – 6 Moz Ag Target* 6 Moz Ag 7m @ 112g/t Au 84,600 oz Au Mill * Note – exploration targets are conceptual in nature and drilling may not convert these to resources. November 2011 Update: Building a Gold – Silver – Zinc House 8
  • 9. Silver Upside November 2011 Update: Building a Gold – Silver – Zinc House 9
  • 10. Nimbus Silver Mine & Mill • Largest Silver Mine in Kalgoorlie Goldfields – unique Ag-Au-Zn-Cu-Pb opportunity • Closed in 2007 – ave silver price US$9/oz; A$10m cash from 3.6 Moz • 3.6 Million ounces silver at 353g/t (11.4 oz/t silver or 9 g/t gold equiv) November 2011 Update: Building a Gold – Silver – Zinc House 10
  • 11. Nimbus Exploration Potential 5 or more VHMS deposits Ag-Au-Zn-Cu-Pb Mineralisation Wireframes To 300m Depth November 2011 Update: Building a Gold – Silver – Zinc House 11
  • 12. Ag-Au-Zn-Cu-Pb to 300m A’ A November 2011 Update: Building a Gold – Silver – Zinc House 12
  • 13. November 2011 Update: assays a Gold – Silver – Zinc House Limited Zn-Cu-Pb Building up to 39%-6%-16% per 13 metre respectively)
  • 14. 10m Zn-Pb-Ag Massive Sulphides November 2011 Update: Building a Gold – Silver – Zinc House 14
  • 15. Boorara SignificantWireframes >350 g/t Silver Gold Deposit Within 2km of Nimbus 7m @ 112g/t Gold (incl 1m @ 738 g/t Gold) 500m north of CAT November 2011 Update: Building a Gold – Silver – Zinc House 15
  • 16. Pit 1 Optimisation on 45Koz JORC Spider 1 Spider 2 November 2011 Update: Building a Gold – Silver – Zinc House 16
  • 17. November 2011 Update: Building a Gold – Silver – Zinc House 17
  • 18. Depth & Strike Potential Pumphrey Discovery November 2011 Update: Building a Gold – Silver – Zinc House 18
  • 19. Video Flyover (on-line) November 2011 Update: Building a Gold – Silver – Zinc House 19
  • 20. Pit Design Study underway Q4 2011 Projects • Tycho JORC Update • Metallurgical Testwork • Pit Model Study Rib Pillar to be removed • Complete MacP Drill Program November 2011 Update: Building a Gold – Silver – Zinc House 20
  • 21. Key Assets -Points of Difference • ASX-MRP • Price: 32 cents • Mkt Cap: A$68m www.macphersonsreward.com.au November 2011 Update: Building a Gold – Silver – Zinc House 21
  • 22. Competent Person Statement The information in this presentation that relates to mineral resources and exploration results is based on information compiled by Mr Morrie Goodz who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Morrie Goodz is a full time officer of MRP and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking 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”. Mr Goodz has given his consent to the inclusion in this presentation of the matters based on the information in the form and context in which it appears. November 2011 Update: Building a Gold – Silver – Zinc House 22
  • 23. Our Opportunities Nimbus Silver Gold Zinc Copper Lead Targets*…… • 6 million ounce silver exploration target* Tonnes Grade Ounces Ag Oxide and primary zones 550,000 – 140 – 210 g/t Ag 2.5M – 4.7M 700,000 Tailings 170,000 – 50 – 150 g/t Ag 0.3M – 1.1M 320,000 Unprocessed stockpiles 40,000 – 50 – 200 g/t Ag 0.13M – 0.16M 55,000 November 2011 Update: Building a Gold – Silver – Zinc House 23
  • 24. Our Opportunities Nimbus Silver Gold Zinc Copper Lead Targets*…… • Primary zinc-copper-lead-silver at depth to 370 metres  up to 20m thick VHMS breccia with HGZ >20% Zinc, >1500g/t Silver, and >5% Lead over 2-3m core width; copper grades up to 6% • Existing silver plant will be expanded and modified • Drilling underway to determine:  metallurgy/plant changes/resource Boorara Silver Gold Zinc Copper Lead Targets*…… • Brindabella, Condor, Gretel and Tramways * Note – exploration targets are conceptual in nature and drilling may not convert these to resources. November 2011 Update: Building a Gold – Silver – Zinc House 24
  • 25. Our Opportunities Gold Targets*…… • Coolgardie  Tycho JORC Resource Update  Open Pit planning  Metallurgical Testing underway  MacPherson Pit Drilling to be completed in October * Note – exploration targets are conceptual in nature and drilling may not convert these to resources. November 2011 Update: Building a Gold – Silver – Zinc House 25
  • 26. Our Opportunities Gold Targets*…… • Nimbus Gold – multiple 10g/t intersections • Boorara Gold – 84,600 oz JORC resource  2km WSW from the Nimbus Mill • Boorara Gold – New Northern extension  2km West from the Nimbus Mill  7m @ 112 g/t gold from 56m downhole * Note – exploration targets are conceptual in nature and drilling may not convert these to resources. November 2011 Update: Building a Gold – Silver – Zinc House 26
  • 27. Nimbus Silver Pits • Mining completed 2006 – 2007 to top of supergene zone • 3.6 Million ounces silver at 353g/t (11.4 oz/t silver or 9 g/t gold equiv) • Ore was still exposed in all 4 leading pit faces and pit floor November 2011 Update: Building a Gold – Silver – Zinc House 27
  • 28. 13m Zn-Pb-Ag Massive Sulphides November 2011 Update: Building a Gold – Silver – Zinc House 28
  • 29. 33m Zn Semi Massive & Breccia Sulphides November 2011 Update: Building a Gold – Silver – Zinc House 29
  • 30. Breccia Sulphide Contact November 2011 Update: Building a Gold – Silver – Zinc House 30
  • 31. Massive Sulphides November 2011 Update: Building a Gold – Silver – Zinc House 31
  • 32. Nimbus Core Facility November 2011 Update: Building a Gold – Silver – Zinc House 32
  • 33. Near Term Gold Output-Coolgardie Rib Pillar November 2011 Update: Building a Gold – Silver – Zinc House 33
  • 34. A-Cap November 2011 Update: Building a Gold – Silver – Zinc House 34