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WPG Resources Limited Investor Update: Building South Australia's First Regional Gold Play

From Iron Ore to Gold
-  Acquired South Australian iron ore projects in 2006 for $4 million and sold them in 2011 for $320 million
-  Bought iron ore at bottom of market, sold at the top
-  Acquired 100% of Tarcoola and Tunkillia gold assets in SA for $2 million plus 17.5 million WPG shares with trailing payments contingent on mine development
-  Acquisition price: $2.69 per ounce of resource – very competitive price
-  Objective is to bring Tarcoola into production in early 2016 at ~20,000 ounces of gold per annum and Tunkillia in 2018 at ~50,000 ounces of gold per annum
-  Numerous high ranking targets identified in both project areas
-  Management with a track record of successful exploration, development and operation of open pit and underground mines
To view Update please download PDF attached:
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