Investor Presentaiton
Use of Funds
Gold exploration and Fountain Head Development
To undertake significant activity at the 100% owned Fountain Head Gold Project and at the Hayes
Creek zinc-gold-silver projects;
including feasibility and Government and Environmental approvals submission;
near mine and regional exploration;
project assessments and potential acquisitions of 'bolt-on' assets;
general corporate costs and costs associate with the Offer.
Sources of Funds (up to)
Placement Funds*
Rights Issue
Uses of Funds
$2.2m All works related to Project Government and Environmental approvals
$4.4m Project Feasibility, inc. engineering and Met work
$0.6m
$0.7m
Technical studies relating to geology, resources and mining
Assessment and potential acquisition of 'bolt on' assets
$0.5m
$1.3m
Regional Exploration, near mine exploration, geophysics, tenement
management, licenses and holding costs, including drilling
Cost of raise
$2.4m
$0.1m
Working Capital
$1.0m
$6.6m
Total Uses
$6.6m
Total Sources
*Note: the above assumes 100% take-up of RI, if lower then activities will be scaled back
PNZ
METALS
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