proactive investors presentation - amazon s3 · 2017-08-16 · proactive investors presentation...
TRANSCRIPT
Proactive Investors PresentationAugust 2017
Blox, Inc.Growth Through Acquisition and Development
1OTCQB: BLXX
This presentation may present "forward-looking statements" within the meaning of Canadian securities legislation that involve inherent risks and
uncertainties. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold and other minerals and
metals, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the capital expenditures, costs and timing
of the resources, the realization of mineral reserve estimates, the capital expenditures, costs and timing of the development of new deposits,
success of exploration activities, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government
regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance
coverage. Generally, these forward-looking statements can be identified by the use of forward looking terminology such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or
"be achieved".
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of Blox, Inc. and its subsidiaries to be materially different from those expressed or implied by such forward
looking statements, including but not limited to: risks related to international operations, risks related to the integration of acquisitions; risks related
to joint venture operations; actual results of current exploration activities; actual results of current or future reclamation activities; conclusions of
economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold and other minerals and metals;
possible variations in ore reserves, grade or recovery rates; failure of equipment or processes to operate as anticipated; accidents, labour
disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development
or construction activities.
Although the management and officers of Blox, Inc. believe that the expectations reflected in such forward-looking statements are based upon
reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained
in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements. Blox, Inc. does not undertake to update any
forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
2
Disclaimer
Important Information
3
Share Price Movement
1. Source: Google Finance. As at August 10, 2017
Capital Structure
OTCQB Ticker BLXX
Share Price 1 $0.12
Shares on Issue 108.61M
Warrants Outstanding 88.00M
Fully Diluted After Warrants 196.61M
Market Capitalization $13.03M
Chairman Ronald Renne
CEO / Director Robert Spiers
COO / Director Trevor Pickett
CFO Nancy Zhao
Corporate Secretary Donna Moroney
Directors and Management
Company Spotlight
4
Blox, Inc. is a publicly traded exploration and development company, registered in Nevada,
USA. It is listed on the OTCQB and trades under the BLXX ticker.
Our vision is to pioneer the development of mining projects by applying green innovation to
traditional mining methods and combining renewable energy and technology into the process.
This will allow us to maximize shareholder value while also minimizing the impact on our planet
and to educate and inspire the world in contentment economics.
Prime Focus on Obtaining Mining License for Mansounia Gold Project
in GuineaComplete Feasibility Study and Environmental and Social Impact Assessment.
Medium Term GoalsProceed with plans for onsite production or offsite toll treatment of ore.
Put Mansounia into Production.
Carry out further programs for exploration, expansion and discovery at Mansounia and
at Birim Concessions in Ghana.
Initiate scoping studies into the viability of green technology and other non-mining
revenue streams in Africa.
Company Overview
5
Clear Strategic PlanPrioritized plan to move into near-term production and further explore current concessions to improve total shareholder returns.
Experienced Management and Operations teams in Canada, Australia, Ghana and Guinea.
Near Term Gold Mining Potential – Mansounia Gold ProjectExploration Licence Extension Granted.
Pre-Feasibility Assessment and Environmental and Social Impact Assessment completed in pursuit of Mining License.
Recent analysis of GIS data identified 12 areas of potential interest for exploration within the 145sq-km concession.
Continued options analysis for onsite production or offsite toll treatment (less than 5km away) of ore.
Exploration Potential in GhanaThree concessions in the Birim Region within the productive
Kibi-Winneba Gold Belt.
All three concessions have occurrences of Gold and Diamonds.
Plans to Expand into Energy and Technology MarketsInitiate Research and Development to establish new revenue streams in non-mining industries to grow the Company and help insulate it from fluctuations in the Gold price.
Investment Highlights
6
Creating Value for Shareholders
Develop
Gold and
Diamond
Assets in
Ghana
Research and
Development of
potential new
Businesses in
Technology and
Energy Spaces
Use our
Experience
and
Resources to
Expand
Operations in
Africa
Near Term
Production at
Mansounia Gold
Project Once
Mining License
Granted
Explore
12 Potential
Areas of Interest
at Mansounia
Gold Project
Leverage
Experience of
Management
and In-Country
Teams to Deliver
Results
Create Optimal
Shareholder Value
Through the
Development of
Quality Assets and
New Opportunities
7
Blox, Inc.’s Key Concession Holdings are in Guinea and Ghana, West Africa
Multiple moderate grade gold projects in West Africa (1)
Pre-Feasibility Assessment and ESIA Studies Completed for Mansounia Gold
Project – Guinea.
Total Mineral Resources (Mansounia Gold Project 1.29Mozs @ 0.8g/t at a 0.4 g/t Au
cut-off grade).1
Exploration targets: Osenase, Asamankase and Pramkese – Ghana.
Proven teams operating in Guinea and Ghana Established Guinea and Ghana portfolios in 2012.
Successful exploration campaigns / development studies advancing.
West African Projects: a proven mining-friendly jurisdiction New projects coming online: fast-growing explorers and producers.
Supportive Governments with established Mining Codes.
Clear path to deliver shareholder returns.
1. Projects in Guinea and Ghana, as of July 12, 2016, resource by Runge Limited released June 21, 2012 Annual Report for Burey Gold.
Primed for Growth
8
West Africa Remains a
Gold Industry Hotspot
+70 deposits over 1Mozs.
Production +7Mozs per annum.
Significant representation of
international companies.
Recent mergers, acquisitions
and corporate activity reflects
ongoing interest in the region.
Semafo’s Kiniero mine in
Guinea and AGG’s Kaboda
project in Mali are prime
examples of recent
development over the past
decade in the region.
West Africa – Prominent Gold Province
9
Guinea: Open for Business.
Fifth largest gold producer in Africa with a highly
supportive Government.
Actively seeking foreign investment.
Modern transparent Mining Code and clear tax/fiscal
regime.
Proven historical track record of production country
wide.
Ghana: Business as Usual.
Ghana is continuing to forge forward in all industrial
sectors including mining.
Second largest gold producer in Africa with a highly
supportive Government.
Modern transparent Mining Code and clear tax/fiscal
regime.
Proven historical track record of production.
West Africa – Mining Friendly Jurisdiction
10
Potential of further
Mansounia mineralization.
12 potential exploration
targets identified.
Mining License application
process underway – PFS
and EIA completed.
Guinea - Mansounia
South potential zone.
Ghana – Osenase,
Asamankese and
Pramkese Gold and
Diamonds.
Alluvial and hard rock
Diamonds and alluvial
Gold identified.
Osenase proximal to
huge GCD Limited
Diamond reserves.
Ongoing field programs.
Mansounia Mineralization.
Exploration TargetsMansounia - Guinea Birim Region - Ghana
Assets Summary
11
Exploration Licence
Extended – Seeking
Mining License
Mansounia concession covers
145 sq-km. Area marked in black
shows current Gold Project.
Pre-Feasibility Assessment and Environmental and Social Impact Assessment have been completed.
Goal is to obtain a Mining License in Guinea in late 2017. Mansounia
12
Free dig oxide resource beneath lateritic cap.
Total Mineral Resource Estimate 1.29MOz at 0.8g/t
Au (1) at a 0.4 g/t Au cut-off grade.
Simple multiple shallow open pit operation.
Straightforward metallurgical recovery by gravity and
conventional CIL expected.
At Surface Moderate Grade Gold Deposit
1 . A s a t t h e 1 2 t h J u l y 2 0 1 6 , r e s o u r c e e s t i m a t e b y R u n g e L i m i t e d 2 0 1 2 r e l e a s e d 2 1 s t o f J u n e 2 0 1 2 o n A S X .
Significant Exploration Potential
Large under-explored concession holding (total
concession 144.34sq km).
Step out drilling targets and depth potential.
Concession re-application reporting requirements
completed, view to securing a Mining License
during 2017.
Rock Chip and Grab Sampling carried out in early
2017 identified 12 potential areas of interest.
Free Gold
found during
rock chip and
grab sampling
at Mansounia in
May 2017.
Priority Development Asset
13
Of the total resources, 6.1Mt @ 0.7g/t for 137Kozs is Indicated status with the remainder in
Inferred status(1) at a 0.4 g/t Au cut-off grade.
~ 830mA B
W
E
1. Mansounia project in Guinea, West Africa as of 12th July 2016, resource by Runge Limited 2012, released on ASX on 21st of June 2012.
Mansounia Mineral Resource Estimate (updated May 2012)
Category Tonnes Grade Ounces
Indicated 6.1 0.7 137,000
Inferred 45.9 0.8 1,180,000
Total 52.0 0.8 1,294,000
Simple Ore Geometry
14
The Mansounia deposit is
open along strike to the north
and south and up and down
dip to the west and east.
Significantly, fresh rock
mineralisation has been
intersected and as of this
time remains unexplored.
Primary hard rock
mineralised veins open at
depth with very little drilling
to date.
Infill drill planning is ongoing
with a view to improving the
overall Mansounia deposit
resource classification and
ore reserves ahead of
granting of Mining License.
Step Out Drilling Targets
15
Fresh Rock Depth Potential
The Mansounia deposit is open at depth with many comparatively shallow drill holes
(<175m vertical depth) intersecting in situ transitional and fresh rock mineralisation – see
section 1148200mN insert below.
The Mansounia deposit remains
open at depth.
16
Pre-Feasibility Assessment completed, finalise Mining License process during third-fourth
quarter of 2017.
Grow existing resources through exploration on existing permits, ongoing during 2017.
Move quickly into Pre-Production analysis and maximize returns to shareholders.
Explore toll treating options at nearby Kiniero Mill and move into commissioning during 2018.
Upcoming Milestones
Clear Path to Deliver Shareholder Returns
Project
Resource
Developmen
t
Project
Commencement
Decision
Mansounia
Infill Resource
Drilling
Mansounia
Infrastructure
Project
Commence
Mansounia
Mining
Plant
Commission
August 2017
September2017
November2017
December2017
February2018
March2018
17
Ghana – Three
Concessions in the Birim
Region
Pramkese, Osenase & Asamankese
65.6 sq-km area with Gold and
high grade Diamond
occurrences.
148 sq-km area in the Birim
Diamond Field. Contains both
alluvial and hard rock Diamond
occurrences and alluvial Gold.
149.6 sq-km area with alluvial
Gold and Diamond
occurrences. Western region
overlaps Birim Diamond Field.
18
Ghana – Gold and Diamond
Mining Potential
The Birim region Kibi-Winneba
Gold Belt has produced
significant alluvial Gold and
Diamonds since the 1919.
Much of the Kibi-Winneba Gold
Belt is under developed and
under explored.
Blox, Inc. is currently in renewal
phase for Asamankese, Osenase
and Pramkese
Osenase shares a boundary with
GCD Limited, Ghana, who have
mined millions of Carats of
Diamonds from their ground since
1929.(1)
Asamankese
Osenase
Pramkese
1. Refer to Chevyrock Engineering, Atewa Range Kwabeng Project 2010, Xtra Gold, Kibi Project 2012, Birim Goldfields – Tinga Project, 2007,
GCD historical records 1977.
1. Refer to Chevyrock Engineering, Atewa Range Kwabeng Project 2010, Xtra Gold, Kibi Project 2012, Birim Goldfields – Tinga Project, 2007,
GCD historical records 1977.19
Significant Gold Resources defined across
belt with Kawbeng – 90Koz Resources(1),
Kibi – 280Koz Resources(1) and Tinga –
230Koz Resources.(1)
Significant Diamond Resources and
production in Birim district with peak
production in 1977 of 2.24M Carats by
GCD.(1)
Resources are High Grade and grade is
generally in excess of 3g/t Au and up to,
and in some instances, greater than 2.0
Carats of Diamonds.(1)
Potential for heavy minerals including
Columbite and Tantalite in southern
Osenase Concession.Asamankese
Osenase
Pramkese
1. Paramount Mining Corporation Limited (Leo Shield (JV)) 2006 to 2012. 20
Pitting in the area has revealed potential Diamond and Gold showings with 1.5m clay over
burden to gravel with minor heavy elements.
Alluvial Gold and Diamond Occurrences (1)
Paramount Mining completed stream and soil survey to find the extent of the Kibi belt intersects
at Asamankese and Osenase concessions, Gold and Diamond anomalisms were identified.(1)
21
Blox, Inc. is committed to building its share price for the benefit of our
shareholders via:
Pre-Feasibility Assessment and Environmental Impact and Social Impact Assessment
completed for Mansounia Gold Project. Moving towards a Mining License and
Production.
Further exploration of identified areas of interest at Mansounia in Guinea.
Further exploration of Gold and Diamond occurrences in Birim Region concessions in
Ghana.
Acquisition of new mining assets across West Africa.
Establishment of potential royalty income from renewable energy.
Implementation of smart technology initiatives such as Post.One for potential royalty
income.
Increased internal efficiency through development of custom ERP software.
A Company on the Move
22
A strong, motivated and diversely
experienced Board of Directors.
A qualified, experienced and efficient
Management team.
A company mandate committed to
researching and developing new business
opportunities in the Energy and
Technology arenas.
Sharing wealth and equity with local
communities proximal to our operations in
West Africa.
A clear, prioritized plan for the short,
medium and long term, which includes the
expansion of current assets, the
acquisition of new concessions and the
implementation of clean energy into our
mining operations.
Structured for Success
23
Head Office
701 West Georgia Street
Suite 1500
Vancouver
British Columbia
V7Y 1C6
CANADA
Tel: +1 604 696 4236
Chairman
Ronald Renne +44 7957 989 609
CEO
Robert Spiers +61 400 017 583
COO
Trevor Pickett +61 429 916 282
Email [email protected]
Website www.bloxinc.com
Ghana
In-Country Contact:
Christine Boateng
Project and Operations Manager
Tel: +233 275 140 956
Guinea
In-Country Contact:
N'Famoussa Kaba
Operations Manager
Tel: +224 621 440 749
Contact Us
Proactive Investors Presentation
Appendices
24OTCQB: BLXX
25
Blox Energy is a wholly-owned Canadian subsidiary of Blox, Inc.
Intention to conduct a scoping study to assess the viability of building a small, green hydropower plant (designated as under 30MW in the USA) to supply our own green mining activities in Guinea.
Small hydropower is a mature technology that can be easily constructed, operated and maintained locally.
Guinea is the watershed of Africa with over 1100 rivers within its borders – ideal for hydro power. Scoping study will aim to identify potential water courses suitable for hydropower proximal to Mansounia.
First step is to move towards green power for our own operations before determining its potential in the region as a separate commercial entity supplying power to other bulk users.
Blox, Inc. is actively and strategically involved in research and development activities to advance
its interests in a range of industries that are associated with mining in a broader sense, which
includes renewable energy.
Research and Development
26
Medium-term plans include scoping studies to assess options to fill the gap in the renewable
energy market in West Africa.
The current undersupply of energy in West Africa presents opportunities. Solutions to fill these gaps in the market create potential new business opportunities.
West Africa has enormous energy resources but only a small percentage is utilised. The rate of access to electricity is the lowest in the world and prices are high in real terms.
The Ghanaian mining code stipulates that, if available, mining companies must utilize up to
10% renewable energy as part of their power requirements.
Potential to generate income streams or royalties independent of income from mining
operations.
Research and Development
27
Research and Development
Blox, Inc. is following its own methodology to improve the efficiency, effectiveness and
economy within its internal system. Tightening control on internal costs increases
profitability.
Implementing Abacus project management and accounting software which was specifically
written for the mining industry in the early 1990s and has been successfully used in West
Africa by companies such as Lycopodium.
Abacus software obtained via Blox, Inc.’s acquisition of Strategic Marketing Australia.
Developing bespoke applications within Abacus, using its ERP capabilities, to streamline and
save costs associated with regulatory reporting in multiple jurisdictions.
28
A new e-postal delivery concept that enables point-to-point delivery of certified
and sensitive documents via electronic transfer.
Design Features:
Transfer certified documents instantly and at reduced cost compared to conventional parcel
delivery methods.
Registered users identified and qualified before being granted access.
Secure file servers – independent of email or cloud servers.
Suitable for use by professionals such as lawyers, accountants and government departments
with a high flow of certified documents.
Potential to be adapted for use by Investor Relations professionals to reduce the cost of
shareholder mail notifications.
Huge market potential.
Users can save hundreds of dollars per annum on document shipping costs.
Relative cost to users targeted at ‘cents in the dollar’ compared to conventional alternatives.
Research and Development
29
Ronald Renne BA (Hons) – Chairman
Ronald Renne moved into the role of Chairman of the Board in February 2014. Mr Renne has guided the company from inception and
through its change of management and has been instrumental in cementing the new board and senior management members into a
unified and focused unit. He has over 10 years of experience in the banking sector and managing information technology resources. Mr
Renne has strong African and European ties that have contributed to his excellent understanding of business, culture and language in
West Africa - a significant asset to the company. He has worked at HFC bank in London and the Royal Bank of Scotland. Mr Renne
graduated from the Manchester Metropolitan University in 2000, with a BA Hons. He is also qualified in all aspects of retail banking,
which allowed him to practice banking services in the United Kingdom.
Robert Spiers BSc (Hons) MAIG – Chief Executive Officer / Director
Robert Spiers was appointed CEO of Blox, Inc. in June of 2015 and has been a geological Professional for the past 27 years with a
focus in, exploration, resource and project development through to mining. He was the Managing Director and a Consulting Geologist
with a prominent consulting group based out of Sydney from 2005 through 2015. He is also a Competent Person (Qualified Person)
under the JORC 2012 Code & Guidelines and the NI 43-101 instrument for the reporting of Mineral Resource Estimates with
involvement in all continents and international jurisdictions. Robert holds a Bachelor of Science with honours and a double degree in
Geology and Geophysics and is a 25 year member of the Australian Institute of Geoscientists (AIG). Mr Spiers also currently holds the
position of Chief Executive Officer and Director at Ashanti Sankofa, Inc. – a TSX:V listed company.
Trevor Pickett B Econ (Hons) – Chief Operations Officer / Director
Trevor Pickett was appointed to the board in July 2015 and is also the Chief Operating Officer of Blox, Inc. He is responsible for day-to-
day operations, including compliance reporting, budgeting, ongoing funding and investor relations. Mr Pickett’s role also includes the
development of Blox, Inc.’s interests in software as a service, smart technology and sustainable energy. Born in Africa, Mr Pickett has a
keen interest in the development and prosperity of the continent and its people. He holds an Honours Degree in Economics and
Commerce and has a strong marketing and customer relations background that draws on over 25 years of experience in business, as
both a founder and director of successful companies in Australia. Mr Pickett also currently holds the position of Chief Operating Officer
and Director at Ashanti Sankofa, Inc. – a TSX:V listed company.
Board of Directors
30
Donna Moroney - Corporate Secretary
Ms Moroney has over 30 years of experience in regulatory and corporate compliance in both Canada and the US, and as a senior
officer and director of various public companies. As President and owner of Wiklow Corporate Services Inc. since 2008, she assists
companies in the resource, financial and technology sectors in maintaining the securities and exchange demands on public companies,
as well as keeping them up-to-date on relevant issues, policies and working practices. Ms. Moroney also assists companies reporting
in the US in preparing registration statements, quarterly and annual financial filings and other various facets of meeting US securities
requirements.
Nancy Zhao CPA CGA – Chief Financial Officer
Nancy Zhao is a Certified Professional Accountant with over seven years in both public and private companies. Ms Zhao has
experience in accounting and finance for various industries including mining, realtor development, property management, sports
entertainment, marketing and farming. She is currently Manager of Financial Reporting with Samina Capital Ltd. in Vancouver, BC.
N’Famoussa Kaba LLB – In-Country Manager Guinea
Mr Kaba is the resident Director of Blox Guinea Ltd, a wholly owned subsidiary of Blox, Inc. He is the in-country agent for the
Mansounia project in Guinea and has been associated with this concession since 1997. His rich professional experience and the
development of his expertise in management, negotiation, administration and marketing enable him to act as an interface between Blox
and the Guinean stakeholders (the Administration, the community and several institutions). As a Guinean and having lived in several
West African countries, Mr Kaba has a willingness to further the development of his continent, especially his country, through economic
and social development, which drives him to be an active member of the West African entrepreneur network since 1997, the Chamber
of Mines since 2008 and the Economic and Social Council of Guinea since 2015.
Before his passion for the mining sector and after his university studies in Law and Administration, Mr Kaba successively held the
position of General Manager of SALGUIDIA (an agro-industrial company) and then became President of the USAID Foundation for
Agricultural Investment and Marketing. Currently, N'Famoussa Kaba is more involved in the economic development of his country
through the mining sector where he oversees his partners in their different projects, including the implementation of corporate social
responsibility for mining projects.
Key Personnel