martabe overview world class gold district - G-Resources

G-RESOURCES: STRATEGIC OVERVIEW
TIANSHAN MINERAL BELT
Martabe
Hong Kong
Headquarters
SE ASIAN MINERAL BELT
Asia hosts some of the world’s great gold deposits in the Tianshan and SE Asian mineral belts
G-Resources
Is an Asian gold company based and
listed in Hong Kong
Owns the Martabe gold and silver mine in
North Sumatra, Indonesia
Is looking to grow an Asian focused gold
company by;
Ramping up Martabe to a 250,000
oz per annum gold and 2–3 Moz per
annum silver operation
Organic growth from increases in
Martabe Reserves and Resources
and through further discoveries
Acquisition and development of
other quality projects
The Asia-Pacific region is highly
prospective and mining friendly
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CORPORATE OVERVIEW
G-Resources Group Limited
Martabe Mine
North Sumatra Indonesia
G-Resources (HK1051) Share Price
0.60
0.55
0.50
0.45
0.40
0.35
0.30
0.25
3/1/2012
17/01/2012
3/2/2012
17/02/2012
2/3/2012
16/03/2012
30/03/2012
18/04/2012
3/5/2012
17/05/2012
31/05/2012
14/06/2012
28/06/2012
13/07/2012
27/07/2012
10/8/2012
24/08/2012
7/9/2012
21/09/2012
9/10/2012
24/10/2012
7/11/2012
21/11/2012
5/12/2012
19/12/2012
Hong Kong based and listed (HK1051)
18.9 billion shares on issue
Market capitalisation of approximately
US$0.9 billion / HK$7 billion
Cash at bank end September $100m in cash,
liquid securities and bullion ready for sale
No hedging
Top 20 shareholders include major
international resource funds and Hong Kong
and mainland China institutions and tycoons
Directors and management have shares and
options more than 5% of capital
3

Chief Geologist
Martabe
Shawn Crispin
EXPERIENCED BOARD
AND MANAGEMENT TEAM
Vice-Chairman
Owen Hegarty
Executive Director
BD and IR
Richard Hui
Investor Relations &
Communications
Tracey Fanning
Deputy
President Director
Linda Siahaan
Board of Directors
Chairman
Mr Chiu Tao
CEO
Peter Albert
Executive General
Manager Operations
Martabe
Tim Duffy
Vice-Chairman
Raymond Or
Executive Director &
Company Secretary
Jackie Wah
CFO
Arthur Ellis
Executive Director and
Deputy CEO
Martabe
Xiao Ma
Governance
Audit Committee
Remuneration Committee
Nomination Committee
4

MARTABE OVERVIEW
WORLD CLASS GOLD DISTRICT
Martabe is a world class gold and silver mine
located in North Sumatra Province, Indonesia
9 million ounces of gold equivalent 1 resources
Fully permitted under a sixth generation
Contract of Work (“CoW”)
Excellent location and infrastructure
First gold pour 24 th July 2012
Plant Site
Notes: 1. Gold equivalent calculated as 60g/t Ag being equal to 1g/t Au
* Hras
5

Seven known deposits within a 5km x 6km area
with Purnama the largest so far
Part of a large-scale mineralised district which
has the potential to host further gold and gold-
copper deposits
Purnama
MARTABE OVERVIEW
WORLD CLASS GOLD DISTRICT
Uluala Hulu
(behind Tor Uluala)
Purnama Timur Process Plant
Tor Uluala
Plant Site
Ramba Joring
* Hras
Barani
Horas
6

LARGE RESERVE AND RESOURCE BASE
JORC Code Resources and Reserves as at 30th September 2012. Most of the Resource base is oxide or mixed metallurgical classes. Untested sulphide potential continues below oxides.
Reserves Deposit Mt Au g/t Ag g/t Contained Au Moz Contained Ag Moz
Proved Purnama 4.4 3.0 53.4 0.429 7.550
Proved Purnama stockpile 0.4 1.8 7.8 0.024 0.103
Probable Purnama 30.3 2.1 25.6 2.060 24.910
Probable Barani 4.3 1.6 2.9 0.221 0.409
Probable Ramba Joring 5.5 1.7 4.3 0.302 0.759
Total 44.9 2.1 23.4 3.034 33.731
Resources Deposit Mt Au g/t Ag g/t Contained Au Moz Contained Ag Moz
Measured Purnama 4.36 3.1 53.0 0.43 7.46
Indicated Purnama 36.44 2.0 24.0 2.36 28.46
Purnama Timur 2.37 1.3 15.9 0.10 1.21
Ramba Joring 33.71 1.0 4.1 1.11 4.47
Barani 10.30 1.3 3.5 0.42 1.14
Uluala Hulu 0.77 2.3 31.0 0.06 0.77
Inferred Purnama 41.24 1.3 17.0 1.74 22.54
Purnama Timur 2.60 1.6 10.8 0.13 0.90
Ramba Joring 4.64 0.8 3.7 0.12 0.55
Barani 6.60 1.1 2.4 0.24 0.63
Tor Uluala 31.5 0.9 7.7 0.92 7.81
Uluala Hulu 0.49 1.5 12.0 0.02 0.18
Horas 15.7 0.8 1.7 0.40 0.88
Total 1 190.72 1.31 12.5 8.05 77.00
Note: Significant figures do not imply precision. Figures are rounded according to JORC guidelines. The Measured and Indicated Mineral Resources are inclusive of those Resources modified to
produce the Ore Reserves. Ore Reserves for Purnama are estimated using a gold price of US$1,337/oz and silver price of US$26.20/oz. Calculations are rounded to the nearest 100,000 tonnes; 0.1
g/t Au and Ag grade; 1,000 ounces Au and Ag metal. Errors of rounding may occur. Note on Cut-off grade: All Mineral Resources (with the exception of Tor Uluala) are estimated using a 0.5 g/t
cut-off grade. Tor Uluala is estimated using a 0.5 g/t Au equivalent cut-off grade, using the formula Au equivalent = Au in g/t + Ag/60 in g/t for each block. Note on Mine depletion: This resource
statement does not account for depletion due to mining operations during the period 1 July 2012 to the date of issue.
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OPEN PIT MINING WITH LOW STRIP RATIOS
Long section showing multiple deposits
Purnama 10 year pit outline
Multiple deposits in the highly
mineralised Martabe district
Shallow drilling only to date
Limited deeper drilling shows
continued structure, alteration
and mineralisation
Purnama - a large homogeneous
gold ore body; flat lying, open
pittable, low strip ratio,
mineralisation from surface
Open in all directions including
potential for discovery of high
grade feeder zones and sulphides
beneath the planned pit
8

STANDARD PROCESSING
4.5Mtpa ore bulk style open-pit mining. Leighton Indonesia
and Nusa Konstruksi mining contractors.
Low strip ratio of 1.3:1 for Purnama
Standard process technology. Ausenco was the process
plant contractor
Mine, crush, SAG/Ball mill, carbon-in-leach (CIL) operation,
gold/silver bullion production; designed
to treat oxide ores and mixed ores
Assumed gold recoveries 77%, silver recoveries 60% -
currently achieving >90% and >85% respectively
Crushing
SAG &
Ball Mill
Leach /
CIL
Tailings
9

Profiles based on current Ore Reserves
Gold Production (ounces)
300,000
250,000
200,000
150,000
100,000
50,000
0
1 2 3 4 5 6 7 8 9 10
Silver Production (ounces)
3,500,000
2,500,000
1,500,000
500,000
-500,000
GOLD AND SILVER PRODUCTION PROFILE
FROM INITIAL RESERVES
Targeted Sustainable Production
1 2 3 4 5 6 7 8 9 10
Production expansions and life of mine extensions will be targeted from:
Optimising the mine and process plant
Oxide debottlenecking and expansion
Sulphide ore treatment process plant
Further discoveries
10

Martabe’s estimated cash cost to gold averages
around US $350 / oz over the mine plan for the
Purnama pit
Low costs attributable to:
Good scale
Low strip ratio
High grade
Simple process flow-sheet
Excellent logistics and existing
infrastructure including grid power
Existing Indonesian mining capability
Operating Costs Breakdown – Mine Plan Average
43%
LOW CASH OPERATING COSTS
22%
21%
14%
Energy
Labour
Consumables
Other
Costs based upon April 2011 estimate and then updated for general US$ industry cost increases
Costs are presently being updated for the 2013 budget
Operating Cost Estimate
Purnama Pit
Cash Costs US$M
Mining 50
Processing 65
Maintenance 12
Administration, refining and other 25
Royalties 5
Contingency 10
Total Cash Costs 167
Silver Credit (at US$32/oz) -80
Gold Cash Cost 87
Cash Cost / oz Gold US $350 /
oz
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MARTABE OCCURS IN ONE OF THE
WORLD’S GREAT MINERAL PROVINCES
Arcs of Indonesia and adjacent areas form one of the worlds great gold and copper-gold mineral
provinces
The province is equally well endowed with epithermal (gold) and porphyry (copper-gold) deposits
The Arc from Sumatra to east of Java contains approximately 70moz Au, 145mOz Ag and over 16
million tonnes of Cu in past production and resources
12

NEAR MINE EXPLORATION SUCCESS
2.15 million ounces of gold and 15.5 million ounces
of silver added to resource base since G-Resources
acquired Martabe in 2009
Three new mineral resources added in 2011-2012
including Purnama Timur, Tor Uluala and Horas
A significant upgrade added to Tor Uluala since
resource was announced
2012 results continue to confirm the potential for
discovery with wide and high grade intersections, eg:
Tor Uluala:
76.3m @ 3.3 g/t Au, 13.9 m @ 17.4 g/t Au
Purnama North extension
88.5m @ 2.3 g/t Au, 18m @ 9.2 g/t Au
PURNAMA/
13

The Martabe COW consists of 1639km 2 of the highly
prospective Sumatra belt
130km strike length along the belt covering multiple gold
targets
Program geared up in 2012 with additional geologists,
geophysics crew and world class consultants engaged
Geophysics and geology field work underway at most
prospects
Multiple “walk up” drill targets from previous work are
being tested
CONTRACT OF WORK (COW)
14

Government Relations
Strong relationships established between the team
and relevant Government agencies/services at the
National, Provincial and Regency levels
Community Relations
Program of community engagement, education,
communications, support and local business
development
5% equity in the project held by Provincial and
Regency Governments
Land acquisition program complete
Environmental Management
Best standards applicable to the
environmental setting
All necessary approvals received
Indonesian Relationships
FULL SUPPORT FROM
GOVERNMENT & COMMUNITY
Management has decades of experience working in
Indonesia and has built close relationships with
Government and business
15

The Perfect Metal
Gold is a commodity, a currency, a store of value,
a safe haven, a hedge against inflation,
geopolitical and financial uncertainty.
Economic climate is positive for gold:
Low real interest rates
Weak currencies due to lax monetary policy
Risk aversion post GFC due to poor recovery
Investment demand is rising
Demand fundamentals:
GOLD OUTLOOK STRONG
Investment demand a primary driver
Central banks have turned net buyers from
sellers, driven by emerging market demand
Demand for gold jewellery and retail demand is
rising, especially in China
Central Banks now net buyers rather than sellers
Tonnes Central Bank activity
1000
800
600
400
200
0
-200
-400
-600
-800
2002 2004 2006 2008 2010 2012
YTD
China’s demand is rapidly growing
Greater China jewellery and investment demand
Tonnes
1000
900
800
700
600
500
400
300
200
100
0
2004 2005 2006 2007 2008 2009 2010 2011
Source: World Gold Council
Source: World Gold Council
16

New supply flat Global discovery rates are falling
Supply fundamentals:
Strong demand + flat supply = buoyant prices
Gold price outlook:
Consensus for 2013 is US$1850/oz
Many are forecasting US$2000/oz+ in 2013
Medium term economic stability could induce
profit taking….
GOLD PRICE TO BE BUOYANT.
Mine production provides majority of gold supply
Recent new projects will see supply peak in 2015
Thereafter supply is expected to be flat
Existing mines are depleting
Gold discoveries are declining
Lead time for a new discovery is 10-15+ years
…..however supply shortages and higher
production costs should support the price
US$/oz
2000
1500
1000
500
Gold price trending upwards
0
00 02 04 06 08 10 12
US$ B
17

VALUE PROPOSITION
EV / Reserve EV / EBITDA
Source: OSK DMG
Research Coverage Analyst Research Coverage Analyst
Argonaut Chris Jiang Deutsche Bank Laura Zhai
BOCI TBC Morgan Stanley Rachel Zhang
Citi Mark Liinamaa OSK DMG Shekhar Jaiswal
CLSA TBC SHAW Stockbroking Vincent Pisani
Source: OSK DMG
Credit Suisse Owen Liang UBS Andreas Bokkenheuser
18

A COMPELLING INVESTMENT
GREAT PROJECT GREAT PEOPLE
GROWING AN ASIAN
GOLD COMPANY
GREAT MARKET GREAT VALUES
19

For media or investor enquiries please contact:
In Hong Kong:
Richard Hui
T. +852 3610 6700
richardhui@g-resources.com
Tracey Fanning
T. +852 3610 6700
Tracey.Fanning@g-resources.net
Headquarters:
4501-02, 45/F China Resources Building
26 Harbour Road, Wanchai, Hong Kong
In Melbourne:
Owen Hegarty
T. +61 3 8644 1330
owenhegarty@g-resources.com
Aya Nuzli
T. +61 3 8644 1330
murraya.nuzli@g-resources.net
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“Company”) solely for use at presentations to be held during January 2013. By viewing the Presentation, or by reading the materials used
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The Presentation is based on the publicly available information about the Company as at 1st January 2013 and the Presentation is
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