Gold Mountain Limited · ASX:GMN
Gold Mountain — Investor Presentation (March 2021)
45 slides from Gold Mountain's investor presentation, Mar 1, 2021
Slide 1: Wabag Project
Wabag Project Targeting multiple copper-gold and molybdenum porphyry opportunities in PNG INVESTOR PRESENTATION February 2021 | ASX: GMN
Slide 2: Disclaimer
D I S CL AI M ER This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may not be distribu
Slide 3: Company Overview
Company Overview 3
Slide 4: Company Overview
CO M PANY OV ERV I EW Gold Mountain Limited (ASX: GMN) is an Australian, publicly listed company exploring for world class, porphyry copper-gold-molybdenum deposits in the highly prospective Papuan Mobile Belt (PMB) in Papua New Guinea. GMN’s flagship Wabag Project has three priority targets, all of
Slide 5: Monoyal, Mt Wipi and Sak Creek targets
Monoyal TARGET: Porphyry Copper, Gold and Molybdenum Target ▪ Wide intercepts of copper and molybdenum identified in drill holes - ▪ Mineralisation covers a 1km long by 800m area ▪ Recent outcrop sampling extends area of known mineralisation to the North West ▪ Outcrop sampling indicated the presenc
Slide 6: Investment Highlights
Investment Highlights 6
Slide 7: Investment Highlights
I N V EST M ENT H I G H L I G H TS ▪ Wabag Project located within the world-renowned copper/gold province in the PMB in Papua New Guinea. ▪ Significant footprint within the prolific PMB, 70 km from the Porgera gold mine and within a cluster of other major mineral deposits ▪ Highly experienced and de
Slide 8: Investment Highlights
I N V EST M ENT HI GHL I GHTS ▪ Extensive copper and molybdenum mineralisation intersected in 5 holes at the Monoyal Prospect, indicating GMN is possibly drilling above a very large porphyry intrusive system 1. ▪ Recently granted Mt Wipi tenement lies on the same structural trend as both the Monoyal
Slide 9: Corporate Overview
Corporate Overview ( AT J A N UA R Y 3 1 , 2 0 2 1 ) 9
Slide 10: Corporate Overview
CO R P O RATE OV ERV I EW Financial Information ASX Ticker GMN Shares on Issue ~728M Share Price $0.044 Market Capitalisation ~$32M Cash & Investments (at 30 June 2020) ~$1.9M Debt (at 30 June 2020) Nil Major Shareholders Top 20 Shareholders ~55% Board and Management ~12.% 10
Slide 11: Our People
Our People 11
Slide 12: Our People
O UR P EO P L E ▪ Experienced team with significant experience in mining and processing industries. Experienced and Invested Board ▪ Broad spectrum of disciplines. ▪ Outcomes focused, with “skin in the game”. Tim Cameron Syed Hizam Sin Pyng (Tony) Teng Pay Chuan (Paul) Lim Chief Executive Officer an
Slide 13: Highly Experienced Management and Technical Team
HIGHLY EXPERIENCED MANAGEMENT Pat Smith AND TECHNICAL TEAM Operations Manager ▪ Tier-1 Executive Management and Project Development ▪ Over 25 years of industry experience. ▪ Strong technical capability ▪ Worked throughout PNG and the Solomon Islands, primarily on epithermal gold and porphyry Cu-Au s
Slide 14: Global Copper Supply
Global Copper Supply 14
Slide 15: Rising copper price and looming copper supply deficit
GLO BAL CO P P ER S UP P LY Rising copper price and looming copper supply deficit ▪ Strong copper price recovery following price lows at the peak of COVID-19 in April 2020. ▪ An anticipated shortfall in global copper supply is expected to emerge from 2024. ▪ As the rate of growth in supply decreases
Slide 16: Strong Copper Demand
GLO BAL CO P P ER S U P P LY Strong Copper Demand ▪ Positive long-term view of copper due to low inventories and lack of new copper discoveries and developments of scale. ▪ Research suggests that copper demand for EV’s and battery technology could rise by 900% in the next decade. ▪ EV’s can use up t
Slide 17: Papuan Mobile Belt
Papuan Mobile Belt 17
Slide 18: PNG's Papuan Mobile Belt
PA P UAN M O B I L E B ELT PNG Copper Gold Projects PNG’s Papuan Mobile Belt (PMB) is host to a (several being porphyry deposits) world-renowned mining jurisdiction ▪ The Wabag Project is situated in a Prime location in the Papuan Mobile Belt which is host to many world-class porphyry copper-gold an
Slide 19: Geological Lineaments
GEO LO GI CA L L I N EA M ENTS ▪ Many world-class mines in PNG are positioned on or near large North East trending structural lineaments (thick black lines in image on right, White et al, 2014). ▪ These lineaments are widely believed to focus heat, intrusives and fluid flow, significantly increasing
Slide 20: Porphyry Model
P O R P HYRY M O DEL South West Pacific Deposits Porphyry Copper Model Monoyal Prospect ▪ Electric Vehicles can use up to 3.5 times as much copper in their manufacture as an Internal Combustion Engine (ICE) car. ▪ Several European countries have expressed the intention of banning sales of new petrol
Slide 21: An Attractive Destination for Mining Investments
A N AT T R AC TIV E DEST I N ATI ON FO R M I N I NG I NV EST M ENTS Initial review shows the Wabag Project is well placed to capitalise on existing and planned infrastructure developments and a strong mining labour force. ▪ The Port of Lae, which is a major port in PNG, and is currently used by Hidd
Slide 22: Wabag Project Tenements
GMN’s Wabag Project - Tenement Licences WABAG P ROJEC T T EN EM ENTS ▪ GMN acquired the Wabag Project in 2014 and has expanded the land holding, which currently comprises 10 Exploration Licences (EL) which covers an area of approximately 2,700 km2 ▪ Before being acquired by GMN, these licences and s
Slide 23: Target No.1 Monoyal - Mongae
Target No.1 Monoyal - Mongae 23
Slide 24: Gold Mountain's Exploration & Appraisal Strategy
TA RGET NO. 1 Gold Mountain’s Exploration & Appraisal Strategy ▪ GMN has identified three highly perspective targets with Monoyal being the most advanced ▪ Monoyal three stage plan implemented by GMN's management team 1. Stage 1 – Preliminary Assessment (2019 – H1 2020) 2. Stage 2 – Exploration / Ap
Slide 25: Monoyal's Current Progress and Planned Work
TA RGET NO. 1 Monoyal’s current progress and planned work Intercepts from drilling programme1 MCD006 MCD005 MCD007 0.66% Cu, 68 ppm Mo, 0.26 g/t Au and 62m @ 0.13% Cu, and 0.03 g/t Au (Inc: 32m @ 0.10% Cu, 49ppm Mo and 0.03 7m @ 0.20% Cu, 12ppm Mo and 0.087 12m @ 0.18% Cu, 155 ppm Mo and 0.03 g/t Au
Slide 26: Monoyal's Current Progress and Planned Work
Monoyal Drill Photos TARGET N O. 1 Monoyal’s current progress and planned work (continued) 1 ▪ The mineralisation observed in the holes occurs mainly in fractures, and is seen in all 5 holes drilled at Monoyal ▪ The drilling at Monoyal has covered an area of 600m by 400m and this area is all underla
Slide 27: Monoyal's Current Progress and Planned Work
TA RGET N O. 1 Monoyal’s current progress and planned work (continued) Systematic Reconnaissance Completed to May 2020 ▪ Rock Chip and Stream Sediment Sampling – 2016 / 2017 ▪ Grid based minus 80 Mesh soil sampling - November 2018 to May 2019 ▪ Geological mapping and ongoing soil sampling ▪ Trench s
Slide 28: Monoyal's Current Progress and Planned Work
TA RGET NO. 1 Monoyal’s current progress and planned work (continued) 1 ▪ Completed first hole in the Phase 2 drilling programme with hole MCD008 completed to 684.40m and MCD009 currently being drilled ▪ Reconnaissance of Lombokai Creek (a recently identified prospect located north of Monoyal) ▪ Loc
Slide 29: Target No.2 Mt Wipi
Target No.2 Mt Wipi 29
Slide 30: Mt Wipi's Current Progress and Planned Work
TARGET N O. 2 Mt Wipi’s current progress and planned work ▪ Mt Wipi tenement (EL2632) was granted to GMN on August 14th 2020 ▪ Tenement is located on the same structural trend which hosts the Monoyal and Sak Creek targets ▪ Reports of alluvial gold found in the rivers and outcropping copper minerali
Slide 31: Mt Wipi's Current Progress and Planned Work
TA RGET NO. 2 Mt Wipi’s current progress and planned work (continued)1 ▪ GMN have collected 16 outcrop rock chip samples and 12 float samples from Mt Wipi ▪ Assay results include4: ▪ Outcrops - Copper values to 9.17% Cu, Gold values to 1.96 g/t Au, Silver values to 84.6 g/t Ag ▪ Float Samples - Copp
Slide 32: Mt Wipi's Current Progress and Planned Work
Outcrop Sample: 9.17% Cu and 1.03 g/t Au TA RGET N O. 2 Outcrop Sample 9#: 3.73 % Cu, 0.71 g/t Au, 29.70 g/t Ag Mt Wipi’s current progress and planned work (continued) 1 Planned Exploration ▪ Geological mapping, soil and trench programs and detailed rock chip sampling campaign ▪ Further interpretati
Slide 33: Mt Wipi's Current Progress and Planned Work
Outcrop Sample: 9.17% Cu and 1.03 g/t Au TA RGET N O. 2 Outcrop Sample 9#: 3.73 % Cu, 0.71 g/t Au, 29.70 g/t Ag Mt Wipi’s current progress and planned work (continued)1 Planned Exploration ▪ Gold and copper stream geochemistry has highlighted an area highly anomalous in the Waa creek area ▪ Gold to
Slide 34: Target No.3 Sak Creek
Target No.3 Sak Creek 34
Slide 35: Sak Creek's Current Progress and Planned Work
Sak Creek copper in soil anomaly TA RGET N O. 3 Sak Creek’s current progress and planned work ▪ Sak Creek Prospect is located within EL1966 (70% owned by GMN) ▪ GMN have collected several rock chips (+50) and stream sediment samples (+30) from the Sak creek area in 2019 ▪ Sak Creek Prospect located
Slide 36: Sak Creek's Current Progress and Planned Work
TA RGET N O. 3 Sak Creek’s current progress and planned work (continued) ▪ Grid based soil sampling programme identified distinct soil anomaly ▪ Sak Creek anomaly similar orientation to Monoyal (Sampling & mapping well advanced and ongoing) ▪ Interpretation ongoing with the recently obtained Fugro a
Slide 37: Community and Government Engagement
Community and Government Engagement 37
Slide 38: Community and Government Engagement
CO M M UNI TY AND GOV ER N MENT Monoyal Community Awareness Meeting EN GAGEM ENT ▪ From the start of exploration work, GMN has invested in building strong relationships with local communities ▪ GMN maintains an open dialogue with surrounding tribes and actively works to inform communities about acti
Slide 39: Wabag Project
Mountain ¥imited
Slide 40: Wabag Project - Life Cycle of Three Targets
WA BAG P ROJEC T - L I F E CYCL E O F T HR EE TARGETS ▪ Three targets with high potential of becoming discoveries ▪ All targets situated within separate tenements, allowing GMN to market the projects collectively or independently ▪ Value of Monoyal could potentially be realised in 2021, followed by
Slide 41: Contact Information
Contact Information 41
Slide 42: Gold Mountain Limited's Vision
Gold Mountain Limited’s Vision THE OPPORTUNITY THE TEAM ▪ Significant tenure in “Elephant ▪ Significantly experienced Country” management and technical team ▪ Three identified targets ▪ Priority spending on exploration ▪ Convert targets into discovers with targeted exploration ▪ Structure business t
Slide 43: Contact Information
CO N TAC T I NFOR MATION For more information, please contact Gold Mountain Limited (ASX: GMN): Tim Cameron Chief Executive Officer & Executive Director +61 448 405 860 | tim.cameron@goldmountainltd.com.au info@goldmountainltd.com.au | www.goldmountainltd.com.au 43
Slide 44: Compliance Statements
CO M P L I ANCE STAT EM ENTS • The information in this report that relates to Exploration Results is based on information compiled by Patrick Smith, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. • Patrick Smith is the owner and sole director of PSGS Pty L
Slide 45: Compliance Statements
CO M P L I ANCE STAT EM ENTS • Exploration Results from Monoyal / Mongae Creek, Mt Wipi and Sak Creek referred to in this presentation have been previously announced to the market in the reports dated and are available to view: 20-01-20, 2-11-20, 23-09-20, 15-09-20, 27-08-20, 28-07-20, 17-07-20, 15-