Auris Minerals Ltd. · ASX:AUR
Auris Minerals — Merger or Acquisition (October 2020)
13 slides from Auris Minerals's merger presentation, Oct 1, 2020
Slide 1: Acquisition of Million Ounce New Zealand Gold Project
ACQUISITION OF MILLION OUNCE NEW ZEALAND GOLD PROJECT SAMS CREEK GOLD PROJECT SEPTEMBER 2020
Slide 2: Acquisition Highlights
ACQUISITION HIGHLIGHTS 1Moz Sams Creek Gold Project is one of the largest undeveloped projects in New Zealand Highly prospective mining region nearby to 2.5Moz Reefton Goldfield Scrip-based acquisition terms Sandfire Resources (ASX: SFR) to hold a 19.9% stake in Auris post transaction SFR currently
Slide 3: Sams Creek Gold Project Summary
SAMS CREEK GOLD PROJECT SUMMARY ▪ JORC (2012) Mineral Resource1 of 1Moz gold @ 1.54g/t Au (0.7 g/t gold cut off) including a higher-grade zone of 588koz gold at 2.43g/t Au (1.5 g/t cut off) ▪ Comprises EP 40 338 (Sams Creek) and EP 54 454 (Barrons Flat) ▪ Located ~20 kilometres south of Takaka and ~
Slide 4: Acquisition Summary
ACQUISITION SUMMARY SCRIP-BASED ACQUISITION TERMS ▪ Acquisition of 100% of SFR’s wholly owned subsidiary Sams Creek Gold Limited (“SCGL”), subject to shareholder and regulatory approvals ▪ Upfront consideration to SFR of 102,500,000 new fully paid, freely tradeable ordinary AUR shares at $0.08 for t
Slide 5: Acquisition Summary Cont.
ACQUISITION SUMMARY CONT. CONDITIONS PRECEDENT FOR THE ACQUISITION Completion of the Acquisition of Sams Creek Gold Limited (SCGL) will be subject to satisfaction of the following conditions precedent by 31 March 2021: ▪ Underwriting Agreement: The Underwriting Agreement in respect of the AUROC Opti
Slide 6: A World-Class Gold Mining Jurisdiction
A WORLD-CLASS GOLD MINING JURISDICTION ▪ Strong government and community support for mining in the region ▪ NZ Government loaned NZ$15M to Australian-based Federation Gold in December 2019 to re-establish the Blackwater Gold Mine near Reefton Goldfield ▪ Federation Gold is also backed by Australian
Slide 7: Sams Creek Mineral Resource Estimate
SAMS CREEK MINERAL RESOURCE ESTIMATE ▪ JORC (2012) Compliant Mineral Resource1 of 20.5Mt @ 1.54g/t Au for a total of 1.014Moz Au at a 0.7g/t Au cut-off grade² ▪ Higher grade core of 7.5Mt @ 2.43g/t Au for 588K oz Au at 1.5g/t Au cut-off grade ▪ Review using a higher-grade cut-off (2.0g/t Au) support
Slide 8: Geology and Mineralisation
GEOLOGY AND MINERALISATION ▪ Gold mineralisation is contained within a hydrothermally altered peralkaline granite porphyry dyke that intrudes Early Paleozoic metasediments ▪ Host dyke is up to 60m thick and can be traced east-west along strike for over 7 km and generally dips steeply to the north (-
Slide 9: Geology and Mineralisation Cont. Regional Comparison
GEOLOGY AND MINERALISATION CONT. REGIONAL COMPARISON ▪ Main Zone mineralisation within Sams Creek deposit contains over 1Moz of gold ▪ Majority of the gold contained along a fold hinge that extends for over 1km and is open at depth ▪ Mineralised dyke folded in gentle upright folds that plunge to the
Slide 10: Significant Exploration Potential
SIGNIFICANT EXPLORATION POTENTIAL ▪ Drilling to target extension of current MRE along strike and at depth and confirm geological interpretation ▪ Additional drilling to be undertaken along >7km of strike located in structurally favourable areas where gold has been identified based on mapping, rock c
Slide 11: Corporate Snapshot (Post Transaction)
CORPORATE SNAPSHOT (POST TRANSACTION) Board and Management Capital Structure Neville Bassett Non-Exec Chairman Share Price1 11.5c Rob Martin Non-Exec Director Shares on issue2 675m Craig Hall Non-Exec Director Market Capitalisation ~$75m Cash on hand3 $13M Mike Hendriks Chief Operating Officer/Compa
Slide 12: Mike Hendriks
Mike Hendriks Level 3, Richardson Street, West Perth WA 6005 PO Box 298, West Perth WA 6872 P +61 8 6109 4333 E general@aurisminerals.com.au W www.aurisminerals.com.au https://au.linkedin.com/company/auris-minerals-limited @AurisMinerals
Slide 13: Competent Person's Statement & Disclaimer
COMPETENT PERSON’S STATEMENT & DISCLAIMER No New Information The information in this presentation that relates to exploration results and Mineral Resources at the Sams Creek Project was originally released in the Company’s announcement to ASX dated 25 September 2020 entitled “Transformational Acquis
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