Golden State Mining Ltd. · ASX:GSM
Golden State Mining — Investor Presentation (February 2021)
23 slides from Golden State Mining's investor presentation, Feb 26, 2021
Slide 1: 2021 Major Drilling Programs
Golden State Mining (ASX: GSM) 2021 Major Drilling Programs For personal use only Corporate Presentation | 26th February 2021 Yule Project | Mallina Basin WA’s Gold Exploration Hotspot Yule South 1 6/10/2020
Slide 2: Information & Disclaimer
For personal use only INFORMATION & DISCLAIMER Nature of Document: This presentation has been prepared and issued by Golden State Mining Limited (Company) to provide general information about the Company. The information in this document is in summary form and should not be relied upon as a complete
Slide 3: Company Overview
Company Overview For personal use only ✓ GSM’s 100% Owned Yule Project ~700km2 ▪ Strategic ground position in the Archaean Mallina Basin ▪ Package hosts intrusive bodies and major structural corridors ▪ Seriously underexplored ▪ High priority gold + lithium + base metal targets ✓ Hemi gold discovery
Slide 4: Corporate Overview Feb 2021
CORPORATE OVERVIEW FEB 2021 Post Feb 21 Capital Raising Completion For personal use only Capital Structure Top Shareholders Perth Select ASX Code GSM Seafoods, 8% Board, 5% Shares on Issue1 82.7 million Options on Issue 16.7 million Share price (Feb 21 Capital Raising Issue Price)2 $0.125 Market Cap
Slide 5: GSM's 100% Owned Yule Project ~700km2
GSM’s 100% Owned Yule For personal use only Project ~700km2 ✓ Complex structural and intrusive geological setting prospective for gold ✓ De Grey’s “Hemi” gold discovery hosted by intrusive body within major structural corridor 15kms to the southeast ✓ Potential for intrusive and shear hosted Archaea
Slide 6: Yule Project 100% ~700km2
Yule Project 100% ~700km2 For personal use only Sholl Shear Zone Base Metal Potential 9km Gold Anomaly Split Rock Supersuite Major Regional “Fertile Granite” Shear Zone Prospective Best Gold Results - Lithium Setting Intrusive Targets Intrusive Targets Major Regional Shear Zone (Refer to Golden Stat
Slide 7: GSM - Pilbara Exploration to Date
GSM - Pilbara Exploration to Date For personal use only ✓ Drilled 28,000m of air-core in 2020 ✓ Only a fraction of Yule Project’s ~700km2 tested to date ✓ Multiple +100ppb anomalous gold intersection ✓ Broad zones of hydrothermal alteration and quartz veining ✓ Best intercept - 4m @ 2.3g/t from 99m
Slide 8: GSM's Key Yule Target Areas
GSM’s 3 Key Yule Target Areas For personal use only ✓ Yule South Gold ▪ Multiple drill ready gold targets identified ▪ Intrusive targets in structural setting – Hemi Analogy ✓ Yule South Lithium ▪ Four Lithium targets identified from known pathfinder elements ▪ RC program to test prospective geologi
Slide 9: South | Target East
Yule South | Target 1 East For personal use only Mineralised Shears East and (Refer to Golden State Mining Limited ASX Announcement dated 23 September 2020) West of Intrusive Target 5km Target Corridor Identified 9
Slide 10: South | Target West
Yule South | Target 1 West For personal use only (Refer to Golden State Mining Limited ASX Announcement dated 18 January 2021) ✓ Discrete magnetic anomalies constrained along an interpreted south-east structural trend ✓ Potential Hemi analogy ✓ Strong alteration and anomalous gold intersections Vect
Slide 11: South | Target A
Yule South | Target 2 A For personal use only ✓ Gold and Lithium pathfinders identified ✓ Widespread alteration with smoky quartz and tourmaline veins (Refer to Golden State Mining Limited ASX Announcement dated 7 September 2020 & 18 January 2021) Vectors to a to significant mineralised system? 11
Slide 12: South | Target
Yule South | Target 5 For personal use only ✓ Prospective gold mineralised greenstone package ✓ Widespread strong silica, sericite & pyrite ✓ Significant magnetite and leucoxene alteration (Refer to Golden State Mining Limited ASX Announcement dated 23 September 2020) Potential Indicators of large G
Slide 13: South | Lithium Targets
Yule South | Lithium Targets For personal use only ✓ Target L1: Interpreted synformal keel - analogous to Wodgina and Mt. Cassiterite pegmatite settings ✓ Target L2: Strong Li-Cs-Rb anomaly on antiform and fold limb - analogous to Pilgangoora setting ✓ Target L3: Apex of interpreted antiform ✓ Targe
Slide 14: East | Gold & Lithium Targets
Yule East | Gold & Lithium Targets For personal use only ✓ Multiple shear hosted and intrusive style gold targets ✓ 9km historic gold and base metal anomaly untested ▪ Highly prospective ‘Pilbara style’ LCT pegmatite setting ✓ Split Rock Supersuite ‘fertile’ granite ✓ Favourable structural environme
Slide 15: Indicative Timetable
INDICATIVE TIMETABLE For personal use only Yule South Gold Yule South Lithium Yule East Yule ➢RC & Diamond Drilling ➢RC Drilling ➢AC Drilling ➢Follow-up Drilling TBA ➢2,500m ➢1,500m ➢15,000m Au RC Drilling Results Li RC Drilling Results Au AC Drilling Results March May July September April June Augu
Slide 16: Conclusions | Key Points
Conclusions | Key Points For personal use only ▪ Exciting and REINVIGORATED gold exploration province ▪ GSM has numerous robust exploration target areas to test ▪ Yule South multiple Gold Targets identified ▪ 2020 Phase 1 & 2 Drilling – 28,000m Aircore Completed ▪ Multiple +100ppb anomalous gold int
Slide 17: Appendix
APPENDIX For personal use only Yule Project | Mallina Basin WA’s Gold Exploration Hotspot 17
Slide 18: World Class Exploration Region
WORLD CLASS EXPLORATION REGION For personal use only 18
Slide 19: Key Geological Ingredients for Pilbara Gold Exploration Success
WHAT ARE THE KEY GEOLOGICAL For personal use only INGREDIENTS FOR PILBARA GOLD EXPLORATION SUCCESS Archaean Mallina Basin Intrusive Geological Setting Primary and Secondary Structural Environment Deep Plumbing GSM’s Yule Project has ALL these critical ingredients…. 19
Slide 20: South Intrusive Targets
Yule South Intrusive Targets Similar discrete magnetic signatures parallel to For personal use only major structures and granite plutons – Hemi Analogy (Refer to Golden State Mining Limited ASX Announcement dated 23 September 2020, 30 September 2020 & 17 February 2021) Yule South Has Intrusives + St
Slide 21: South Target | Pilbara Gold Analogy
Yule South Target 1 | Pilbara Gold Analogy For personal use only Yule Hemi Analogy Target 1 West Target 1 East ▪ Peripheral ‘Shadow Zones’ of large granitic intrusions creating dilational gold trap sites ▪ Tightly folded hinge zones of ultramafic-mafic units and intrusives ▪ Similar discrete magneti
Slide 22: De Grey Mining results relevant to GSM's Yule programs
For personal use only The De Grey Mining results are especially relevant to GSM’s Yule exploration programs that will target similar geological settings within the Mallina Basin ▪ Hydrothermally emplaced and Hemi-style intrusive hosted gold in regional structures ✓ ▪ Altered metasedimentary rocks (M
Slide 23: Golden State Mining Contact
For personal use only Golden State Mining (ASX: GSM) Major Drilling Programs 2021 Yule Project | Mallina Basin Suite 15, 19-21 Outram Street, West Perth WA 6003 Tel: 08 6323 2384 Email: info@gsmining.com.au www.goldenstatemining.com.au 23
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