Maritana Minerals Limited · ASX:MRT
Maritana Minerals — Horizon Minerals — Diggers & Dealers 2024
25 slides from Maritana Minerals's conference presentation, Aug 5, 2024
Slide 1: Transitioning to Production
For personal use only TRANSITIONING TO PRODUCTION Investor Presentation – Diggers & Dealers, August 2024
Slide 2: Important disclaimers
Important disclaimers Nature of Document They include indications of, and guidance on, future earnings, cash flow, costs and financial performance. Forward looking statements include, but are not limited to, statements preceded by words such as “planned”, “expected”, For personal use only This Prese
Slide 3: Corporate summary
Corporate summary Capital Structure 1 For personal use only 3% Board Shares M 1,118.6 Merger completed in June 2024 Listed Options M 78.6 29% Top 20 (ex Share price A$ 0.038 68% Board) Market capitalisation A$M 42.5 Other Cash / listed investments A$M 10.5 Debt A$M 7.7 Enterprise value A$M 39.7 EV/R
Slide 4: Leadership team
Leadership team Ashok Parekh – Non-Executive Chairman Grant Haywood – Managing Director For personal use only • Chartered accountant with over 40 years’ experience who owns a large • Mining Engineer with over 30 years’ experience in underground and open Accounting Practice in Kalgoorlie, which he ha
Slide 5: Projects overview
Projects overview A 1.8Moz Mineral Resource ideally located in the heart of the WA Goldfields For personal use only 5
Slide 6: Our strategy
Our strategy Delivering shareholder value in the strong gold price environment For personal use only Generate cashflow from Apply cashflow towards the Targeted exploration small mining projects development of our major program to build resources, through a low capital cornerstone assets to replenish
Slide 7: First gold production imminent
First gold production imminent Building a pipeline of lower risk gold production projects to build cash For personal use only September 2024 December 2024 2025 Phillips Find / Cannon – Boorara – 1.24Mt ore sale Assessing potential joint 200kt toll milling agreement agreement with Norton Gold venture
Slide 8: Boorara project
Boorara project First gold production in the September quarter 2024 For personal use only Summary of Study Key Outcomes • Located 15km east of Kalgoorlie and adjacent to the Super Measure Ore Reserve Study Contract Pricing Pit in the heart of the WA goldfields @ A$3,300/oz @ A$3,600/oz Total pit vol
Slide 9: Greenfields Toll Milling
Greenfields Toll Milling First gold production in the December quarter 2024 For personal use only • Toll milling agreement with FMR Investments’ 1Mtpa Greenfields mill located 5km east of Coolgardie • Up to 200kt of ore will be processed over a period of eight months • Agreement contains competitive
Slide 10: Burbanks Project
Burbanks Project A key cornerstone asset with scale and grade For personal use only • Located on a granted mining lease 9km south of Coolgardie • Supported by a network of existing infrastructure including grid power and sealed roads • Historic production estimated at more than 420koz • Combination
Slide 11: Mining pipeline
Mining pipeline Advanced cash flow opportunities with minimal capital requirements For personal use only Penny’s Find Kalpini Cannon MRE: 63,000oz at 4.57g/t MRE: 139,000oz at 2.33g/t MRE: 32,070oz at 4.29g/t • 75km NE of Kalgoorlie • 10km N of Penny’s Find • 30km E/SE of Kalgoorlie • Previous open
Slide 12: Building the mining pipeline
Building the mining pipeline Indicative timeline of future production and cash flow sources For personal use only Target key workstreams 2024 2025 2026 (Forward 18 months) Q3 Q4 Q1 Q2 Q3 Q4 Q1 Boorara First Gold Production Phillips Find* First Gold Production Kalpini* Cannon* Penny’s Find* * No mini
Slide 13: Regional exploration
Regional exploration Widespread Mineral Resource extension and new discovery targets For personal use only • Consolidated 939km2 of tenure on key geological structures centred around Coolgardie and Kalgoorlie • Gold Mineral Resources currently defined in 15 separate project areas, totalling 1.8Moz A
Slide 14: Nimbus silver-zinc project
Nimbus silver-zinc project A high-grade VHMS system on the edge of Kalgoorlie For personal use only • Located adjacent to the Boorara gold deposit with shared infrastructure • Historical production of 3.6Moz of high- grade silver (352g/t Ag) • Mineral Resource containing 20.2Moz silver and 104kt zin
Slide 15: Investment highlights
Investment highlights A WA Goldfields gold production and discovery growth story For personal use only Gold production to begin this Growing shareholder value from quarter with agreements in the West Australian Goldfields place until 2026 Generate cashflow from small Build the project pipeline and m
Slide 16: Contact
For personal use only Contact Grant Haywood Managing Director and CEO +61 (08) 9386 9534 admin@horizonminerals.com.au www.horizonminerals.com.au PO Box 1164 West Perth WA 6872 16
Slide 17: Project generation – Lithium
Project generation – Lithium Strategic location in a world-class lithium producing district For personal use only • Recent purchase of two lithium prospects (Bridgetown-Greenbushes package) for $75k cash and 4.0M Horizon shares • Five additional Exploration Licence applications to consolidated landh
Slide 18: Our sustainability journey
Our sustainability journey Pathway to growing a sustainable and profitable business For personal use only Objective Our journey Data driven ESG strategy To go beyond our obligations Sustainability is a journey and it As our organisation grows and and to continuously look for is a business imperative
Slide 19: Our sustainability strategy
Our sustainability strategy Practical, data driven and fit for business scale For personal use only Established our Environmental, Social, Collected and verified our data against Governance (ESG) baseline early international metrics Aligned with global Sustainable Conducted gap analysis and identifi
Slide 20: Mineral Resource Estimate
Mineral Resource Estimate Gold deposits For personal use only Cutoff Measured Indicated Inferred Total Project Au g/t Mt Au g/t Oz Mt Au g/t Oz Mt Au g/t Oz Mt Au g/t Oz Boorara OP 0.5 1.12 1.22 44,000 6.85 1.28 281,000 2.56 1.26 103,000 10.53 1.27 428,000 Burbanks OP 0.5 - - - 1.43 2.00 92,780 3.43
Slide 21: Ore Reserve Estimate
Ore Reserve Estimate For personal use only Cannon Ore Reserve Category Tonnes Au (g/t) Ounces Proven Reserve – – – Probable Reserve 135,000 4.1 17,680 Total Reserve 135,000 4.1 17,680 Boorara Ore Reserve Tonnes Location Reserve Category Au (g/t) Gold Metal (kOz) (Mt) Proved 636.8 1.25 25.7 Boorara O
Slide 22: Mineral Resource Estimate – Nimbus silver-zinc project
Mineral Resource Estimate Nimbus silver-zinc project For personal use only Nimbus All Lodes (bottom cuts 12 g/t Ag, 0.5% Zn, 0.3g/t Au) Category Mt Ag (g/t) Au (g/t) Zn (%) Ag (Moz) Au (kt) Zn (kt) Measured Resource 3.62 102 0.09 1.2 11.9 10 45 Indicated Resource 3.18 48 0.21 1.0 4.9 21 30 Inferred
Slide 23: Mineral Resource Estimate – Mt Thirsty nickel-cobalt project
Mineral Resource Estimate Mt Thirsty nickel-cobalt project (50% Horizon) For personal use only Mt Thirsty (Cut-off Grade 0.25% NiEq%) Tonnes Grade Contained Metal Category Mt Ni (%) Co (%) Mn (%) Ni (‘000t) Co (‘000t) Mn (‘000t) Mt Thirsty Main (MTTM) Measured Resource - - - - - - - Indicated Resour
Slide 24: Mineral Resource disclosure
Mineral Resource disclosure Confirmations For personal use only Gold Mineral Resources The information in this report that relates to Horizon’s Mineral Resources estimates is extracted from and was originally reported in Horizon’s ASX announcements “Intermin’s Mineral Resources Grow 30% to over 560,
Slide 25: Ore Reserve disclosure
Ore Reserve disclosure Confirmation For personal use only Gold Ore Reserves The information in this report that relates to Horizon’s Mineral Ore Reserves is extracted from and was originally reported in Horizon’s ASX announcements “Positive Results for Cannon Underground Gold Project and Feasibility