Matsa Resources Ltd · ASX:MAT
Matsa Resources — Investor Presentation (February 2020)
26 slides from Matsa Resources's investor presentation, Feb 5, 2020
Slide 1: A Vibrant and Growing Gold Producer in a World Class District
A Vibrant and Growing Gold Producer in a World Class District February 2020 Presentation Paul Poli Executive Chairman
Slide 2: Important Notice
IMPORTANT NOTICE Disclaimer and Forward Looking Statements Competent Persons Statements This presentation has been prepared by Matsa Resources Limited (“Matsa” or the “Company”). Exploration Results It should not be considered as an offer or invitation or inducement to subscribe for or the The infor
Slide 3: Corporate Overview
CORPORATE OVERVIEW CORPORATE SNAPSHOT TICKER SHARES ON ISSUE UNLISTED OPTIONS MARKET CAPITALISATION CASH AND LIQUIDS ASX:MAT 216.92 26.35M A$30.37M ~A$4.46M @ $0.17 - $0.25 @ $0.14 (31 Jan 2020) (31 Dec 2019) SIGNIFICANT SHAREHOLDERS SHAREHOLDING (AS AT 31 Jan 2020) MAT: TWELVE MONTH SHAREPRICE JP M
Slide 4: Why invest in Matsa?
Why invest in Matsa? Because we’re on the move! MATSA RESOURCES INVESTOR PRESENTATION 4
Slide 5: Western Australian Project Portfolio
WESTERN AUSTRALIAN PROJECT PORTFOLIO Quality Tenement Package Red October Gold Mine 99,000 oz Au Fortitude Gold Mine 342,600 oz Au Lake Carey Gold Project 563km2 Symons Hill Nickel Project 56km2 Lake Rebecca Gold 20% JV 171km2 MATSA RESOURCES INVESTOR PRESENTATION 5
Slide 6: Matsa's Gold Resources
MATSA’S GOLD RESOURCES Building Gold Resources at Lake Carey Building Gold Resources at Lake Carey INDICATED INFERRED TOTAL RESOURCE Tonnes (kt) Au (g/t) Tonnes (kt) Au (g/t) Tonnes (kt) Au (g/t) Au (Oz) FORTITUDE * 2,945 1.8 2,503 2.1 5,449 2 342,600 RED OCTOBER ** 340 4.5 106 14.7 446 6.9 99,000 T
Slide 7: Lake Carey Gold Project
LAKE CAREY GOLD PROJECT World class gold mines nearby Sunrise Dam >10Moz Wallaby >7Moz Granny Smith >2Moz Pathway for 2020 and Beyond Red October underground mining continuing on potential long term basis Fortitude Stage 2 mining set to commence, forecast positive cashflow A$21.9M Devon gold mining
Slide 8: Proven Capacity to Mine Successfully
PROVEN CAPACITY TO MINE SUCCESSFULLY Proven development capability - Red Dog Mine A$5.4M cash surplus, delivered on time and on budget - Fortitude trial mine A$700,000 cash surplus, excellent knowledge base for larger Stage 2 mine - Red October underground mining becoming longer term AngloGold Ashan
Slide 9: Red October Gold Mine
RED OCTOBER GOLD MINE 100% Matsa owned and operated - Red October is a high-grade narrow vein structurally controlled gold deposit with significant exploration potential - Historical production of 342,000 oz gold at an average of 6.1g/t U/G Resource 85,000 oz @ 13.6 g/t gold - Mine has been fully op
Slide 10: Red October Gold Mine
RED OCTOBER GOLD MINE Matsa Red October gold production delivered to AGAA - Extensive development to access drives completed during December quarter will allow stoping of higher grade ore - Opening of new faces allows double shift and production volumes to increase Sept Qtr Dec Qtr Total Jan 2019 Ac
Slide 11: Red October Gold Mine
RED OCTOBER GOLD MINE Underground Mining Ongoing - Waste mining started April 2019 - Ore mining started June 2019 - Ore Delivery commenced July 2019 - Mining plan ~57,000t of ore at 5.6 g/t Au for 10,222 oz gold New 6 month Drill Programme t Ongoing Mining now Commenced - Targeting new high shoots -
Slide 12: High Grades at Red October Gold Mine
HIGH GRADES AT RED OCTOBER GOLD MINE Diamond Drilling highly successful High grade results from previous round drilling Red October Shear Zone “ROSZ” 1.60m @ 36.90g/t Au 4.32m @ 16.30g/t Au 2.84m @ 15.95g/t Au 6.30m @ 4.54g/t Au ROSZ Bonanza grade intercepts North decline 0.81m @ 181.50g/t Au in HW
Slide 13: Red October Gold Mine Infrastructure
RED OCTOBER GOLD MINE INFRASTRUCTURE MATSA RESOURCES INVESTOR PRESENTATION 13
Slide 14: Red October Gold Mine Mined Areas
RED OCTOBER GOLD MINE MINED AREAS MATSA RESOURCES INVESTOR PRESENTATION 14
Slide 15: Red October Gold Mine Future Mining Potential
RED OCTOBER GOLD MINE FUTURE MINING POTENTIAL MATSA RESOURCES INVESTOR PRESENTATION 15
Slide 16: Red October Gold Mine Significant Exploration Upside
RED OCTOBER GOLD MINE SIGNIFICANT EXPLORATION UPSIDE Substantial underground targets - Targets outside of the underground resource, already identified for diamond drilling - Drill targets such as Bruce Lode, Nemo and Eastern Breaks represent exciting targets for near mine mineralisation - Extensions
Slide 17: Fortitude Stage 2 Gold Mine Set to Proceed
FORTITUDE STAGE 2 GOLD MINE SET TO PROCEED - Trial Mine result provides high confidence of - Mine life has strong potential to grow from new gold resource and metallurgical recoveries optimisations - Feasibility and re-optimisations of Stage 2 now - Interest from nearby treatment plants increasing b
Slide 18: Fortitude Stage 2 Gold Mine: Mine Studies
FORTITUDE STAGE 2 GOLD MINE MINE STUDIES Stage 2 Mine Study Results Month surplus and cash flow $7,000,000 $25,000,000 - Total cash surplus A$21.8M $6,000,000 - 22 months open pit mine life $20,000,000 $5,000,000 - Production of 54,400 oz gold at 93% $15,000,000 recovery $4,000,000 MONTH SURPLUS - C
Slide 19: Fortitude Stage 2 Gold Mine
FORTITUDE STAGE 2 GOLD MINE Stage 2 Mine Fine Tuning - Current gold price of A$2,350 oz, adds significant upside - All licences and permits in place and ready to go - Previous trial mine provides very high confidence of in-situ gold resource - Recent metallurgical studies confirm expected gold recov
Slide 20: Devon Gold Mine
DEVON GOLD MINE Introducing the Devon Opportunity - Matsa resolved all previous boundary and relationship impediments via 100% acquisitions and this has made this discovery possible - All licences and permits in place and mining can be relatively quickly restarted - Potential exists for a sizable op
Slide 21: Devon Gold Mine
DEVON GOLD MINE First drill campaign by Matsa produced outstanding results - Four out of five RC drillholes at the Devon mine produced excellent gold intercepts including: Main Lode 3m @ 35.03 g/t Au 19DVRC001 3m @ 5.93 g/t Au 19DVRC005 and 3m @ 1.56 g/t Au 3m @ 1.38 g/t Au 19DVRC002 Hanging Wall Lo
Slide 22: Devon Gold Mine
DEVON GOLD MINE New short term mining opportunity MATSA RESOURCES INVESTOR PRESENTATION 22
Slide 23: Lake Carey - Exploration Upside
LAKE CAREY - EXPLORATION UPSIDE 563km2 highly prospective tenement package - In the Laverton tectonic zone near world class gold mines - Considerable scope for regional exploration success, with early drilling demonstrating opportunities - Areas covered by salt lakes with little or no exploration no
Slide 24: Lake Carey - Fortitude North
LAKE CAREY- FORTITUDE NORTH Previous Drilling results Fortitude North Diamond intercepts include: 8m @ 2.94 g/t Au Inc 5.75m @ 3.8 g/t Au Inc 1.3m @ 6.73 g/t Au Down-dip extension of previous high grade gold intercepts include 5m @ 5.46 g/t Au 8m @ 5.14 g/t Au Aircore intercepts include 47m @ 2.55 g
Slide 25: Lake Carey - Fortitude North
LAKE CAREY- FORTITUDE NORTH MATSA RESOURCES INVESTOR PRESENTATION 25
Slide 26: Success in Mining and Exploration will Deliver Shareholder Value
Success in Mining and Exploration will Deliver Shareholder Value CONTACT Paul Poli Executive Chairman Suite 11, 139 Newcastle Street Perth, Western Australia 6000 +61 8 9230 3555 reception@matsa.com.au MATSA RESOURCES INVESTOR PRESENTATION 26
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