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PIPELINE OF GOLD PRODUCTION IN
NOVA SCOTIA
… applying Australian expertise to an
overlooked Canadian gold province …

ASX:ATV
www.atlanticgold.com.au
October 2013
1
THE COMPANY
CAPITAL STRUCTURE
Fully paid shares
Partly paid shares (20 cents paid to 9 cents)

818.4M
30.3M

Market Cap @ 2.5 cents/share: $20.5 million

2
OVERVIEW
• Track record of gold discovery and production in
Western Australia
• Focused on the same, but now in the Meguma
Goldfield – with OPEN PIT perspective

• Established 450,000 oz Reserves within a
Resource inventory of 1.2 million ounces
• Project pipeline:
 Touquoy – next step: development
 Cochrane Hill – next step: feasibility study

 Exploration lands – next step: discovery
3
4
Cochrane
Hill

5
MINERAL RESOURCES
million tonnes

grade g/t

contained
ounces gold

TOUQUOY
Measured & Indicated
Inferred

10.1
1.6

1.5
1.5

480,000
77,000

0.9
0.6

1.9
2.2

54,000
45,000

4.5
5.6

1.8
1.6

251,000
298,000

TOUQUOY WEST
Indicated
Inferred

COCHRANE HILL
Indicated
Inferred

TOTAL M&I
TOTAL INF

15.5
7.8

1.6
1.7

785,000
420,000

6
ORE RESERVES
contained
ounces gold

million tonnes

grade g/t

Proved

2.49

1.48

118,000

Probable

7.10

1.47

336,000

TOTAL

9.59

1.48

454,000

TOUQUOY

7
TOUQUOY

8
Touquoy geology and drillhole locations

9
Touquoy deposit section 21625mE
10
TOUQUOY GOLD PROJECT
NQ DIAMOND CORE – HOLE MR-05-084

121–122 m : 2.16 g/t
122–123 m : 9.23 g/t
123–124 m : 8.98 g/t
Argillite host rock with no quartz veins

11
TOUQUOY GOLD PROJECT

Photomicrographs of gold grains in MR-05-084 core at 122-123 m
Field of view 1 mm. Light grey = arsenopyrite, dark grey = silicates

12
TOUQUOY’S ADVANTAGES
Low strip ratio – 2.5:1
Soft ore – BWI ~ 10
Excellent metallurgy – 93.5% (70% gravity)
Coarse grind - 150µm
Low reagent consumption – 0.4kg/t CN
Excellent CN detox
No acid rock drainage – carbonate, low sulphide
Grid power – coal-fired – 5km to connect
Excellent infrastructure
Keen local and homecoming workforce
No on-site accommodation required
Supportive government
13
14
15
16
TOUQUOY SUMMARY FINANCIALS
Ore reserves

9.59 Mt @ 1.48 g/t

Production

422,000 oz

Mine life

5.0 years

Ave annual production

84,000 oz pa

Throughput

2.0 Mtpa

Initial capex

C$140 million

Cash operating costs

US$560/oz

Gold price

US$1300/oz

Net cash surplus (pre-tax)

C$172 million

Payback period

27 months after first gold

Project NPV

C$91 million

Project IRR

(8%, pre-tax)

30%
17
TOUQUOY GOLD PROJECT
STEPS TO PRODUCTION
 ENVIRONMENTAL ASSESSMENT APPROVAL 
 FEASIBILITY STUDY COMPLETED 
 MINERAL LEASE GRANTED 
 ACQUIRE REMAINING SURFACE TITLES 
 FINAL PERMITTING
 Industrial Approval – submitted and under review
 PROJECT FINANCING
 In progress
18
COCHRANE HILL

19
Cochrane
Hill

20
MINERAL RESERVES
million tonnes

grade g/t

contained
ounces gold

COCHRANE HILL
Indicated

4.5

1.8

251,000

Inferred

5.6

1.6

298,000

10.1

1.7

549,000

TOTAL

21
22
Cross section 3200E

23
CONCEPTUAL FINANCIALS
TOUQUOY + COCHRANE HILL
Throughput
Total production
Ave annual production
Plant
Mine life
Pre-production capex
Total LOM capex
Cash operating cost
Gold price
Net cash surplus (pre-tax)
Payback period
NPV (8%, pre-tax)
Internal rate of return

19.0 Mt @ 1.6 g/t for 970 koz contained
900,000 ounces
93,000 ounces
2.0 Mtpa relocated to CH after Touquoy
9.7 years
C$140 million
C$254 million
US$610 per ounce
US$1,300 per ounce
C$368 million
27 months after first gold pour
C$170 million
31%
24
25
REGIONAL EXPLORATION

26
EXPLORATION
WHY NOVA SCOTIA:
• Meguma Terrane hosts more gold occurrences
per unit area than any other goldfield

• It’s unexplored for shale-hosted disseminated
gold deposits – like Touquoy
• Mega deposits of this general type occur globally
• Very high proportion of exploration dollars go
into the ground

• Politically stable
27
28
29
2010

2007

2004

2001

1998

1995

1992

1989

1986

1983

1980

1977

1974

1971

1968

1965

1962

1959

1956

1953

1950

1947

1944

1941

1938

1935

1932

1929

1926

1923

1920

1917

1914

1911

1908

1905

1902

1899

1896

1893

1890

1887

1884

1881

1878

1875

1872

1869

1866

1863

1860

Ounces

Gold production Nova Scotia 1861-2011
Gold production 1861 - 2011
Total Production - Nova Scotia 1.4Moz

35,000

30,000

25,000

20,000

15,000

10,000

5,000

-

Year

30
31
32
33
LOOKING AHEAD
AT TOUQUOY:
• Grant of Industrial Approval – Q4/13
• Secure project financing - Q1/14
• First gold pour – Q4/15
AT COCHRANE HILL:
Complete drill-out, commence Feasibility Study
ELSEWHERE MEGUMA:
Continue regional exploration
34
35
DISCLAIMER
All statements contained in this presentation, other than statements of historical fact, that address future
timings, activities, events and developments that the Company expects, are forward looking
statements. Although Atlantic Gold NL, its subsidiaries, officers and consultants believe the
expectations expressed in such forward looking statements are based on reasonable expectations,
investors are cautioned that such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the forward looking statements.
Factors that could cause actual results to differ materially from forward looking statements
include, among other things, commodity prices, continued availability of capital and financing,
timing and receipt of environmental and other regulatory approvals, and general economic,
market or business conditions.
ATTRIBUTION

Mr Neil Schofield (MSc. MAusIMM) is a Qualified Person as defined in National Instrument 43-101, and
has reviewed and approved the contents of this presentation.
The resource estimates for Touquoy described in this presentation were completed by Mr Neil Schofield, a
principal of Hellman and Schofield Pty Ltd. Mr Schofield is a Member of the AusIMM and qualifies
as a Competent Person in respect of the 2004 Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves (the JORC Code) by virtue of having sufficient
experience which is relevant to the Touquoy style of mineralisation and deposit type. Mr Schofield
has consented to the inclusion of this information in the form and context in which it appears in
this presentation.
The geological information in this presentation relating to Mineral Resources has been compiled by Mr
Wally Bucknell who is a director of Atlantic Gold NL and a Member of the Australasian Institute of
Mining and Metallurgy (AusIMM). He has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration to qualify as a Competent Person in
respect of the 2004 Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves (the JORC Code). Mr Bucknell has consented to the inclusion of this information in
the form and context in which it appears in this presentation.

36

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Gold 2013 Sydney - Atlantic Gold ASX:ATV

  • 1. PIPELINE OF GOLD PRODUCTION IN NOVA SCOTIA … applying Australian expertise to an overlooked Canadian gold province … ASX:ATV www.atlanticgold.com.au October 2013 1
  • 2. THE COMPANY CAPITAL STRUCTURE Fully paid shares Partly paid shares (20 cents paid to 9 cents) 818.4M 30.3M Market Cap @ 2.5 cents/share: $20.5 million 2
  • 3. OVERVIEW • Track record of gold discovery and production in Western Australia • Focused on the same, but now in the Meguma Goldfield – with OPEN PIT perspective • Established 450,000 oz Reserves within a Resource inventory of 1.2 million ounces • Project pipeline:  Touquoy – next step: development  Cochrane Hill – next step: feasibility study  Exploration lands – next step: discovery 3
  • 4. 4
  • 6. MINERAL RESOURCES million tonnes grade g/t contained ounces gold TOUQUOY Measured & Indicated Inferred 10.1 1.6 1.5 1.5 480,000 77,000 0.9 0.6 1.9 2.2 54,000 45,000 4.5 5.6 1.8 1.6 251,000 298,000 TOUQUOY WEST Indicated Inferred COCHRANE HILL Indicated Inferred TOTAL M&I TOTAL INF 15.5 7.8 1.6 1.7 785,000 420,000 6
  • 7. ORE RESERVES contained ounces gold million tonnes grade g/t Proved 2.49 1.48 118,000 Probable 7.10 1.47 336,000 TOTAL 9.59 1.48 454,000 TOUQUOY 7
  • 9. Touquoy geology and drillhole locations 9
  • 11. TOUQUOY GOLD PROJECT NQ DIAMOND CORE – HOLE MR-05-084 121–122 m : 2.16 g/t 122–123 m : 9.23 g/t 123–124 m : 8.98 g/t Argillite host rock with no quartz veins 11
  • 12. TOUQUOY GOLD PROJECT Photomicrographs of gold grains in MR-05-084 core at 122-123 m Field of view 1 mm. Light grey = arsenopyrite, dark grey = silicates 12
  • 13. TOUQUOY’S ADVANTAGES Low strip ratio – 2.5:1 Soft ore – BWI ~ 10 Excellent metallurgy – 93.5% (70% gravity) Coarse grind - 150µm Low reagent consumption – 0.4kg/t CN Excellent CN detox No acid rock drainage – carbonate, low sulphide Grid power – coal-fired – 5km to connect Excellent infrastructure Keen local and homecoming workforce No on-site accommodation required Supportive government 13
  • 14. 14
  • 15. 15
  • 16. 16
  • 17. TOUQUOY SUMMARY FINANCIALS Ore reserves 9.59 Mt @ 1.48 g/t Production 422,000 oz Mine life 5.0 years Ave annual production 84,000 oz pa Throughput 2.0 Mtpa Initial capex C$140 million Cash operating costs US$560/oz Gold price US$1300/oz Net cash surplus (pre-tax) C$172 million Payback period 27 months after first gold Project NPV C$91 million Project IRR (8%, pre-tax) 30% 17
  • 18. TOUQUOY GOLD PROJECT STEPS TO PRODUCTION  ENVIRONMENTAL ASSESSMENT APPROVAL   FEASIBILITY STUDY COMPLETED   MINERAL LEASE GRANTED   ACQUIRE REMAINING SURFACE TITLES   FINAL PERMITTING  Industrial Approval – submitted and under review  PROJECT FINANCING  In progress 18
  • 21. MINERAL RESERVES million tonnes grade g/t contained ounces gold COCHRANE HILL Indicated 4.5 1.8 251,000 Inferred 5.6 1.6 298,000 10.1 1.7 549,000 TOTAL 21
  • 22. 22
  • 24. CONCEPTUAL FINANCIALS TOUQUOY + COCHRANE HILL Throughput Total production Ave annual production Plant Mine life Pre-production capex Total LOM capex Cash operating cost Gold price Net cash surplus (pre-tax) Payback period NPV (8%, pre-tax) Internal rate of return 19.0 Mt @ 1.6 g/t for 970 koz contained 900,000 ounces 93,000 ounces 2.0 Mtpa relocated to CH after Touquoy 9.7 years C$140 million C$254 million US$610 per ounce US$1,300 per ounce C$368 million 27 months after first gold pour C$170 million 31% 24
  • 25. 25
  • 27. EXPLORATION WHY NOVA SCOTIA: • Meguma Terrane hosts more gold occurrences per unit area than any other goldfield • It’s unexplored for shale-hosted disseminated gold deposits – like Touquoy • Mega deposits of this general type occur globally • Very high proportion of exploration dollars go into the ground • Politically stable 27
  • 28. 28
  • 29. 29
  • 31. 31
  • 32. 32
  • 33. 33
  • 34. LOOKING AHEAD AT TOUQUOY: • Grant of Industrial Approval – Q4/13 • Secure project financing - Q1/14 • First gold pour – Q4/15 AT COCHRANE HILL: Complete drill-out, commence Feasibility Study ELSEWHERE MEGUMA: Continue regional exploration 34
  • 35. 35
  • 36. DISCLAIMER All statements contained in this presentation, other than statements of historical fact, that address future timings, activities, events and developments that the Company expects, are forward looking statements. Although Atlantic Gold NL, its subsidiaries, officers and consultants believe the expectations expressed in such forward looking statements are based on reasonable expectations, investors are cautioned that such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. Factors that could cause actual results to differ materially from forward looking statements include, among other things, commodity prices, continued availability of capital and financing, timing and receipt of environmental and other regulatory approvals, and general economic, market or business conditions. ATTRIBUTION Mr Neil Schofield (MSc. MAusIMM) is a Qualified Person as defined in National Instrument 43-101, and has reviewed and approved the contents of this presentation. The resource estimates for Touquoy described in this presentation were completed by Mr Neil Schofield, a principal of Hellman and Schofield Pty Ltd. Mr Schofield is a Member of the AusIMM and qualifies as a Competent Person in respect of the 2004 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) by virtue of having sufficient experience which is relevant to the Touquoy style of mineralisation and deposit type. Mr Schofield has consented to the inclusion of this information in the form and context in which it appears in this presentation. The geological information in this presentation relating to Mineral Resources has been compiled by Mr Wally Bucknell who is a director of Atlantic Gold NL and a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). He has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration to qualify as a Competent Person in respect of the 2004 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr Bucknell has consented to the inclusion of this information in the form and context in which it appears in this presentation. 36