Matsa Resources Ltd · ASX:MAT
Matsa Resources — RIU Explorers Conference February 2021
26 slides from Matsa Resources's conference presentation, Feb 18, 2021
Slide 1: Corporate Presentation – RIU February 2021
Corporate Presentation RIU – February 2021 Paul Poli and Pascal Blampain
Slide 2: Disclaimer and Forward Looking Statements
Disclaimer and Forward Looking Statements While the Company has a reasonable basis on which to express these estimates, any This presentation has been prepared by Matsa Resources Limited (“Matsa” or the forward looking statement is subject to risks, uncertainties, assumptions and other “Company”). I
Slide 3: Corporate Overview
Corporate Overview CORPORATE SNAPSHOT TICKER SHARES ON ISSUE UNLISTED OPTIONS MARKET CAPITALISATION CASH AND LIQUIDS ASX:MAT 271.14 77.78M A$26.03M A$5.38M @ $0.17 - $0.35 @ $0.096 (18 Feb 2021) (31 Dec 2020) KEY SHAREHOLDERS (AS AT 31 Jan 2021) MAT: TWELVE MONTH SHAREPRICE JP Morgan Ltd 16.75 % BNP
Slide 4: New Outlook and New Strategy
New Outlook and New Strategy Building Gold Resources for 600ktpa Plant • Build on existing 515,000oz gold resource • 2 current mining projects in Red October and Fortitude • Rapidly progressing 3rd mining project – Devon • Excellent exploration pipeline with proven high grade potential from recent d
Slide 5: Red October Gold Mine
Red October Gold Mine • Existing resource 173,000oz @ 5.8 g/t Au • Red October is a high-grade structurally controlled narrow vein gold deposit with significant exploration potential • Matsa’s last quarter production of 1,576 oz gold at C1 cash costs of A$1,259 oz and AISC A$2,272 oz sets a good sce
Slide 6: Fortitude Stage 2 - Ready to go
Fortitude Stage 2- Ready to go • Cash surplus of A$55.4M at A$2,500/oz • Expected 22-month mine life Month Surplus and Cash Flow • Fully permitted and ready to go $12,000,000 $60,000,000 • Previous trial mine provides high level of $10,000,000 $50,000,000 confidence $8,000,000 $40,000,000 • Producti
Slide 7: Devon - Developing our 3rd mining centre
Devon - Developing our 3rd mining centre • Permitted Mining Lease • Less than 15km to Red October and Fortitude • Currently finalising Devon pit model for optimisation • Feasibility study due Q2/3 2021 • Widespread shallow gold anomalism with untapped potential at depth • Minimal drilling deeper tha
Slide 8: Operational Readiness: 2021 – 2022 Actions
Operational Readiness: 2021 – 2022 Actions • MSO MI&I Resource 173koz - mine designs Red October • Growth in-mine, East & West targets • Model mineralisation below East pit • Improve final pit mine designs Fortitude • Tendering and contracts • Increase mineable reserves - reoptimisations • Devon pit
Slide 9: Planned Work Schedule
Planned Work Schedule Q1 Q2 Q3 Q4 H1 H2 2023 2021 2021 2021 2021 2022 2022 RO MSO Mine designs Drilling Red October Devon pit model & opti Red October drilling Res Def drilling Gallant model Devon ext/res drilling FF trend drilling BOH regional sampling Fortitude North drilling Lake Carey LOM feas L
Slide 10: Mr Pascal Blampain - Significant Step Change for Matsa
Mr Pascal Blampain - Significant Step Change for Matsa Mr Pascal Blampain is a seasoned geologist with 27 years experience within the exploration and mining industry Pascal will take responsibility for and lead the geological advancement of the Lake Carey Gold Project to meet the Company’s ambitious
Slide 11: Lake Carey Gold Resources
Lake Carey Gold Resources Total Gold Resource* T ('000) Au g/t Oz ('000) Fortitude 5,448 2.0 342 Red October 932 5.8 173 Total 6,380 2.5 515 • Underpinned by Red October and Fortitude – healthy grades • Modelling Devon (mining studies planned completion Q2 2021) • Gallant, Hill East to follow * As o
Slide 12: Matsa's Exploration Targets
Matsa’s Exploration Targets EXPLORATION TARGETS* Lower Case Target Upper Case Target EXPLORATION TARGET Tonnes Grade Ounces Gold Tonnes Grade Ounces Gold Red October 900,000 6.9 200,000 1,740,000 6.1 340,000 Devon 1,040,000 3.0 100,000 2,600,000 3.0 250,000 Olympic 180,000 4 20,000 560,000 6 110,000
Slide 13: Strategy
Strategy Olympic & Devon Hill East UG4 prospects4 Devon Fortitude pit3 Stage 21 Proposed Red Matsa Fortitude October2 Processing Nth4 Plant • Underpinned by Red October and Fortitude mining projects and developing our 3 rd project at Devon • Strong prospect pipeline building to 1,500,000 ounces gold
Slide 14: Roadmap to Support Continuous Mining
Roadmap to Support Continuous Mining Fortitude Red Discovery and October + Devon + + Stage 2 upgrades 2023 Ready to go LOM planning Modelling Exploring MATSA RESOURCES RIU Presentation Feb 2021 14
Slide 15: Exploration and Development Pipeline
Exploration and Development Pipeline • 503km2 highly high quality tenement package • Significant exploration pipeline of projects • Favourable structural locations along major faults have been targeted • Matsa has discovered new gold mineralisation at BE 1, BE 4 and Fortitude North • Set along Barni
Slide 16: 2021 – 2022 Exploration Planning
2021 – 2022 Exploration Planning Target generation Drill testing Advanced prospects Resource definition Fortitude Fault trend LIN1 Hill East (supergene) Red October Bindah trend Hill East (fresh) Olympic Devon ROSZ trend (N & S) RO East Fortitude North Fortitude Jubilee trend RO West Gallant Bindah
Slide 17: Devon Pit
Devon Pit Granted mining lease, progressing to feasibility study • Resource modelling and optimisations Q1 • Mining studies Q2 MATSA RESOURCES RIU Presentation Feb 2021 17
Slide 18: Devon Prospects – LIN 1
Devon Prospects – LIN 1 LIN1 - Strong 1.1km coincident Au, As, Te, TFEM anomaly Limited historical drilling with healthy grade intercepts As Te TFEM (SAM) MATSA RESOURCES RIU Presentation Feb 2021 18
Slide 19: Red October Exploration Targets
Red October Exploration Targets Nemos Lion Costello Bruce Fish Splay / Anchor Marlin 410 MATSA RESOURCES RIU Presentation Feb 2021 19
Slide 20: Red October - Revised Outlook
Red October - Revised Outlook • 173koz Au in Measured, Indicated & Inferred* • Exploration and mining potential demonstrated in Mine Shape Optimisations • Numerous in-mine and brownfields exploration targets *As of 31 Dec 2020 MATSA RESOURCES RIU Presentation Feb 2021 20
Slide 21: Red October: Two Pits but only UG Mine
Red October: Two Pits but only 1 UG Mine Why ?? MATSA RESOURCES RIU Presentation Feb 2021 21
Slide 22: March 2020 – Successful Seismic Survey
March 2020 – Successful Seismic Survey ROSZ Marlin Looking south west Strong western structure Curtin Uni – Distributed Acoustic Sensing (DAS) technology under MERIWA research program, MINEX CRC MATSA RESOURCES RIU Presentation Feb 2021 22
Slide 23: Red October - 2D Seismic Section
Red October - 2D Seismic Section Eastern target dipping Steep western structure ROSZ dipping to west 70deg Marlin Seismic line MATSA RESOURCES RIU Presentation Feb 2021 23
Slide 24: Two 'new' Large Footprint Exploration Targets
Two ‘new’ Large Footprint Exploration Targets Looking grid North • Coincident seismic and SAM (Southern Geoscience 2014 survey) anomalies • 2 holes + 3 wedges pin these ‘new’ structures at depth • Drilling results indicate strong alteration assemblage (qtz/carb/ser) + anomalous gold • Drill testing
Slide 25: Summary
Summary • Focus and commitment to transform Matsa over the coming 24 months • Experienced Board and Mining/Exploration team • Two existing mining centres (RO & Fortitude) with 3rd developing (Devon) on granted MLs • Access to oxide/transitional and fresh ores • Number of walk up drill ready targets
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 RIU Presentation Feb 2021 26
Matsa Resources — RIU Explorers Conference February 2021 on 6ix