Note 1: The information pertaining to the Challenger gold project ore reserve estimate was detailed in the market announcement entitled "Challenger 30 June 2016 Mineral Resource and Ore Reserve estimate" released on 25 October 2016 and is available to view on www.wpgresources.com.au. WPG confirms that it is not aware of any new information or data that materially affects the information included in that announcement and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed except to the extent of production since the mine was brought back into production in late May 2016.
The information pertaining to the Challenger gold project mineral resource estimate was detailed in the market announcement entitled "Challenger mineral resource continues to grow" released on 1 June 2017 and is available to view on www.wpgresources.com.au. WPG confirms that it is not aware of any new information or data that materially affects the information included in that announcement and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.
The information pertaining to the Challenger gold project exploration target were detailed in the market announcement entitled "Exploration target for Challenger M3 and SEZ shoots" released on 22 May 2017 and is available to view on www.wpgresources.com.au. WPG confirms that it is not aware of any new information or data that materially affects the information included in that announcement.
The information pertaining to the Challenger gold project exploration activities and results were detailed in the market announcements entitled "March 2017 Quarterly Activities Report" released on 28 April 2017, "Encouraging gold assays continue from Challenger Deeps" released on 17 May 2017 and "Gold drilling at Challenger Deeps continues at depth released on 29 May 2017 and are available to view on www.wpgresources.com.au. WPG confirms that it is not aware of any new information or data that materially affects the information included in those announcements.
Note 2: The information pertaining to the Tarcoola gold project ore reserve estimate was detailed in the market announcement entitled "Tarcoola updated Feasibility Study and Ore Reserve Estimate" released on 1 September 2016 and is available to view on www.wpgresources.com.au. WPG confirms that it is not aware of any new information or data that materially affects the information included in that announcement and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed except to the extent of production since the mine came into production in December 2016.
The information pertaining to the Tarcoola gold project mineral resource estimate was extracted from the report entitled "December 2012 Quarterly Report" released on 24 January 2013 and is available to view on www.asx.com.au. The information for both projects was first disclosed by Mungana Goldmines Ltd under the JORC Code 2004. WPG has not undertaken any work on the project that would impact this published resource estimate. WPG confirms that it is not aware of any new information or data that materially affects the information included in that announcement and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.
The information pertaining to the Tarcoola gold project exploration activities and results were detailed in the market announcement entitled "March 2017 Quarterly Activities Report" released on 28 April 2017 and is available to view on www.wpgresources.com.au. WPG confirms that it is not aware of any new information or data that materially affects the information included in that announcement.
Note 3: The information pertaining to the Tunkillia gold project mineral resource estimate was detailed in the market announcement entitled "Tunkillia resource estimate enhanced at higher cut-off grade" released on 4 February 2015 and is available to view on www.wpgresources.com.au. WPG confirms that it is not aware of any new information or data that materially affects the information included in that announcement and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.
The latest information pertaining to the Tunkillia gold project exploration activities and results were detailed in the market announcement entitled "Encouraging gold assays received from Tunkillia drilling" released on 4 May 2016 and is available to view on www.wpgresources.com.au. WPG confirms that it is not aware of any new information or data that materially affects the information included in that announcement.
Note 4: This document may include forward-looking statements. Forward-looking statements include, but are not limited to statements concerning WPG's planned mining and exploration programs and other statements that are not historical facts. When used in this document, the words such as "could", "plan", "estimate", "expect", "intend", "may", "potential", "should" and similar expressions are forward-looking statements. In addition, summaries of Exploration Results and estimates of Mineral Resources and Ore Reserves could also be forward looking statements. Although WPG believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.
WPG cannot guarantee the accuracy and/or completeness of the figures or data in this presentation
All dollar amounts indicated in this presentation are in Australian dollars unless otherwise stated 2
*based on substantial shareholders to
date
Share Price (A$)
Volume
Millions
CORPORATE OVERVIEW (ASX: WPG)Indicative Capital Structure as at 15 June (pre Entitlement Issue) | Substantial Shareholders as at 15 June (pre Entitlement Issue) | ||||
Share price (14 June 2017) | $0.049 | ||||
Bob Duffin | 62,469,010 | 6.9% | |||
Issued shares | 905.9m | ||||
L&M Group Limited | 59,375,000 | 6.5% | |||
Unlisted options $0.11, expire 30 Sep 2018 | 37.5m | ||||
Jalinsons Pty Ltd | 46,566,664 | 5.1% | |||
Incentive rights (none vest before June 2017) | 16.8m | ||||
Unlisted Placement options $0.08 exercise price, expiry date 30 June 2019 | 75m* | Board of Directors | |||
Bob Duffin | Executive Chairman | ||||
*subject to shareholder approval Veritas Securities Limited was Lead Manager for the Placement and Adelaide Equity Partners Pty Ltd acted as a Corporate Adviser | |||||
Helen Wiseman | Lead Independent Director | ||||
Gary Jones | Non-Executive Director | ||||
Proposed Entitlement Issue* | |||||
Lim See Yong | Non-Executive Director | ||||
Offer price of New Shares | $0.048 | ||||
Cornel Parshotam | Alternate Director (Gary Jones) & COO | ||||
Maximum amount to be raised under the Offer before costs | $5.4m | ||||
0.12 20 | |||||
Maximum number of New Shares to be issued (one share for every eight shares held on the Record Date) | 113.2m | ||||
Trading Volume Share Price | |||||
18 | |||||
Maximum number of New Options to be issued (one free $0.08 exercise price unlisted New Option for every two New Shares acquired) | 56.6m | ||||
0.10 | |||||
16 | |||||
14 | |||||
0.08 | |||||
Eligible shareholders can apply for additional Shares | 12 | ||||
Maximum Shares on issue after the completion of the Entitlement Issue | 1,019m | 0.06 10 | |||
8 | |||||
* Expected record date 27 June 2017 Pending finalisation and execution of formal documentation, it is expected that Veritas Securities Limited will be Underwriter for the Entitlement Issue subject to customary conditions and terminating events | 0.04 0.02 | 6 4 | |||
Use of funds | 2 | ||||
0.00 0 | |||||
The funds raised by the Placement and proposed Entitlement Issue will be used for the Challenger mill expansion, mine development, exploration and for general working capital purposes. | |||||
3 |
Transaction Size & Structure |
|
Proposed Entitlement Issue |
|
Use of Funds (Placement & Proposed Entitlement Issue) |
|
WPG Resources Ltd. published this content on 15 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 June 2017 23:49:10 UTC.
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