nmr feb2013
DESCRIPTION
Perth-based Nimrodel Resources (ASX: NMR) is a mineral exploration company with exploration projects in Africa and Australia. Nimrodel’s current focus is on two adjacent thermal coal projects in Botswana, Takatokwane and Takatokwane South, located approximately 195km west of the capital Gaborone, in Botswana. In August 2012, the Company announced an upgraded Inferred Resource of 6.9 Bt of raw coal giving a total of 4.51 Bt of washed thermal coal. NMR is also exploring at the Specimen Reef IOCG prospect at Savage River in Tasmania. The company also holds the Makete, high grade PGE Project in south western Tanzania. This was a presentation delivered to the African mining Conference in Livingstone by MD Allan Mulligan.TRANSCRIPT
Nimrodel Resources Limited ASX: NMR
TAKATOKWANE COAL PROJECTEMERGING POWERHOUSE
Allan Mulligan - AMC 2013For
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Takatokwane Botswana’s Largest ThermalCoal Resource
Located next to sealed highway195km from Gaborone
Located on planned TransKalahari Rail or plannedTranswana Rail
6,88 billion tonnes in InferredResource
Nimrodel holds ~67% in two JV’s
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WA21 WA22 P2-3 P1-30.0
-100m
Scale2000m
50m
Seam2
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Bottom of Karoo
Consistent, Flat and Close to Surface
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Takatokwane Morupule Sese MorupuleSouth
Mmamabula Kweng Mmamantswe Lechana
Published Raw Gross Tonnes in Situ (000’s)
Significantly Bigger Compared to Peers
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Unlocking Value
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Market Activity in Southern Africa
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“Starter Mine” Design
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Innovative Transport Approach
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= 48 tonnes/load which is 17 tonnes (54%) over the average
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Board and Management Owns 19%
Nimrodel Resources Limited ASX: NMR9
ASX Code NMR
Total Ordinary Shares 546.5m 546.5m
Total Unlisted Options 20.6m 20.6m
Price at 31/10/12 $0.02c
Market Cap at 31/10/12 $8 m $10.9m
Cash on Hand $3,5 m $2.8m
Enterprise Value $4,5 m $8.1m
Shareholders 1530 1530
Top 20 Shareholders 40% 40%
Board & Management ~19 % ~19%
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Diversification into Tanzanian Copper
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• 1st of a few Agreements intoknown copper area
• Hundreds of PML’s beingworked with oxide copper oretrucked out to Dar es Salaam
• No historical, organised orformal exploration
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Why Invest?
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• NMR is a small junior explorer that can operate on the smell of a
oily rag
• NMR is WELL POSITIONED to capitalise on the expanding Southern
African and international coal market
• Takatokwane will interest international thermal coal players
• The diversification will reduce commodity risk and provide a
broader platform for growth
• The Company is currently undervalued
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Forward-Looking StatementsThis presentation includes certain “Forward-Looking Statements.” All statements, other than statements ofhistorical fact, included herein, including without limitation, statements regarding forecast cash flows andpotential mineralisation, resources and reserves, exploration results and future expansion plans anddevelopment objectives of Nimrodel Resources Limited are forward-looking statements that involve variousrisks and uncertainties. There can be no assurance that such statements will prove to be accurate and actualresults and future events could differ materially from those anticipated in such statements.Competent Person – Dr Ian D. BlaydenInformation in this announcement above relating to Coal Resources at Takatokwane is based on informationcompiled by Dr Ian D. Blayden of Geological and Management Resources Pty Ltd which provides geologicalconsulting services to Optiro Pty Ltd. Dr Blayden is a Member of the Australasian Institute of Mining andMetallurgy and has sufficient experience which is relevant to the style of mineralisation and type of depositunder consideration and to the activity which he is undertaking to qualify as a Competent Person as definedby the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and OreReserves”. Dr Blayden consents to the inclusion in the document of the information in the form and context inwhich it appears.Competent Person – Mr Alan GoldingThe information in this announcement that relates to exploration results at Takatokwane South is based ondata compiled by Mr Alan Golding who is a member of the South African Geological Society, the SouthAfrican Institute of Engineering Geologists and a Fellow of the Geological Society of London. Mr Golding hassufficient experience relevant to the style of mineralisation and the type of deposit under consideration toqualify as a competent person as defined in the 2004 edition of the Australasian Code for the Reporting ofExploration Results, Mineral Resources and Ore Reserves. Mr Golding consents to the inclusion in thisannouncement of the matters based on his information in the form and context in which they appear.
Nimrodel Resources Limited ASX: NMR
Disclaimer
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Nimrodel Resources Limited ASX: NMR
NIMRODEL RESOURCES LTDLevel 3, 681 Murray Street WA 6005 AustraliaPO Box 263 West Perth WA 6872 AustraliaT: +61 8 6298 7511 E: [email protected]
Takatokwane Coal
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