Metal Bank Ltd · ASX:MBK
Metal Bank — Investor Presentation (November 2015)
26 slides from Metal Bank's investor presentation, Nov 12, 2015
Slide 1: Copper and Gold Projects Exploration Update
COPPE R AND GOLD PROJE CTS E XPLORATION UPDATE NOV E MBE R 2015 ASX: M BK
Slide 2: Disclaimer
Disclaimer Purpose of this document This presentation has been prepared by Metal Bank Limited (“MBK") for general information purposes only using the information available to MBK at the time of publication. No reliance The information contained in this presentation is not investment, tax, accounting
Slide 3: Corporate Overview
Corporate Overview Metal Bank Limited 12 month share chart ASX: MBK 0.02 shares 354.2M 0.01 options 15M 3M share price* $0.007 1M cash at bank** $0.3M market cap $2.5M Board and Management *as at 11 November 2015 Ines Scotland Chair **as at 30 September 2015 Tony Schreck Executive Director Directors
Slide 4: Our Business is Copper and Gold
Our Business is Copper and Gold discovery and development High grade copper in a World Class 13Mt copper district, Nevada, USA Intrusion related gold ± copper in an 18Moz gold district, Eastern Australia
Slide 5: Our Business is Copper and Gold: Copper - USA
Our Business is Copper and Gold copper - USA Mason Valley Copper Project World Class copper district Centered on 4 historical high grade copper mines Overlooked by modern exploration Early drilling success by MBK in 2015
Slide 6: Our Business is Copper and Gold: Gold - Australia
Our Business is Copper and Gold gold - Australia Eastern Australia Gold Projects 18Moz Au district Triumph and Eidsvold Projects centered on historical high grade gold mines Two high grade gold discoveries so far Success via new exploration models
Slide 7: Technical Management Team
Technical Management Team discovery and development track record Inés Scotland (non-executive Chair) Over 25 years in the mining industry – Founding shareholder and MD of Citadel through its massive growth during the discovery/development of the Jabal Sayid copper project in Saudi Arabia and $1.3B
Slide 8: Strategy
Strategy reducing investment risks Target Metal rich provinces Pro mining/development jurisdictions Long history of mining Nevada ‘Home of the Carlin style gold deposits’ Extremely attractive mining investment jurisdiction Global Investment Attractiveness - Fraser Institute survey 2014 - Nevada
Slide 9: Mason Valley Copper Project
Mason Valley Copper Project world class copper district, Nevada Yerington District - 13Mt Cu (12Mt Cu resources + 1Mt Cu production) Major District Players – Freeport/Quaterra JV, Entrée Gold, Nevada Copper Mason Valley Copper Project Pumpkin Hollow Mine (in construction) targeting 33,000t Cu pa ove
Slide 10: Mason Valley Copper Project: High Grade Copper Mines
Mason Valley Copper Project 4 high grade copper mines Historical Production (1910 to 1931) – closure coincides with Great Depression 4 Historical Mines Total production ~4Mt @ 2.5% to 6% Cu
Slide 11: Mason Valley Copper Project: High Grade Copper in Initial MBK Drilling
Mason Valley Copper Project high grade copper in initial MBK drilling Bluestone Mine • 42m @ 1.51% Cu from surface incl. 4m @ 3.52% Cu and 7m @ 2.69% Cu Malachite Mine • 16m @ 1.72% Cu from 54m incl. 8m @ 2.75% Cu Mason Valley Mine • Initial holes completed – Results awaited Copper Hill Mine Bluesto
Slide 12: Malachite Mine
Malachite Mine near surface high grade copper High grade copper in initial drilling 300m of strike – open at depth Underground development accessible Bornite Chalcopyrite Underground channel sampling 5m @ 5.22% Cu
Slide 13: Mason Valley Mine
Mason Valley Mine targeting high grade extensions No previous drilling Underground development and stopes still accessible Underground Stoping to 150m to 200m High grade copper ore Initial drilling to test down dip extension of high grade copper mineralisation
Slide 14: Mason Valley Copper Project: Skarns - Vectors to Porphyry Systems
Mason Valley Copper Project Skarns – vectors to porphyry systems Primary target – high grade copper skarn mineralisation Secondary target – bulk tonnage porphyry copper Use skarns as vectors towards the large porphyry copper systems Anaconda Yerington Pit (1952-1977) driving the system porphyry copp
Slide 15: Triumph Project
Triumph Project discovery of a large gold system Metal rich district +18Moz Au
Slide 16: Triumph Project: Strategy Paying Off
Triumph Project strategy paying off Identified an under-explored historical goldfield covering 1km2 – tenure secured 2010 Results now highlight a gold camp extending over 15km2 of which >90% is concealed by shallow cover (<10m) previously not recognised and precluding past exploration Explorat
Slide 17: Triumph Project: Limited Previous Drilling
Triumph Project limited previous drilling High grade gold skirting the central magnetic low Structural Reconstruction Present Day 4m @ 10.5g/t Au from 31m including 1m @ 20.8g/t Au from 31m (NN06RC07) 1m @ 16.6g/t Au from 15m (NRC-16) Bald Hill Bald Hill 9m @ 3.6g/t Au from 114m including 1m @ 21.8g
Slide 18: Eidsvold Project
Eidsvold Project past production (100,000oz) early 1900’s Metal rich district +18Moz Au
Slide 19: Eidsvold Project: Fertile Intrusive Complex
Eidsvold Project fertile intrusive complex 100,000oz historical goldfield hosted by intrusive basement exposed through sedimentary cover Alteration and structural targets defined in a 10km long corridor represent potential intrusive related gold systems Discovery of intrusion related gold mine
Slide 20: Eidsvold Project: First Mover Advantage
Eidsvold Project first mover advantage / opportunity Now opens up 250km2 of virtually unexplored, prospective fertile intrusive complex hosting historical goldfield Large ground holding secured Magnetite destruction an important targeting tool Potential for early success targeting interprete
Slide 21: Mt MacKenzie Project
Mt MacKenzie Project porphyry target
Slide 22: Mt MacKenzie Project: Cu-Mo Porphyry System
Mt MacKenzie Project Cu-Mo porphyry system Target – bulk tonnage Cu-Mo ± Au system 3D view – Cu soil data Cu-Mo porphyry system defined by 1970’s ‘porphyry copper’ exploration – overlooked by modern gold exploration 100 – 500ppm Cu Cu-Mo typical metal association for many 500 – 1000ppm Cu large
Slide 23: Mt MacKenzie Project: Prospective Metal Zonation Pattern
Mt MacKenzie Project prospective metal zonation pattern Gold mineralisation is often found proximal 3D view – Cu soil data to the core in these styles of mineral systems gold target core 100 – 500ppm Cu 500 – 1000ppm Cu 3D view – Mo soil data gold target core from Blevin 2010 Next Steps: Surface s
Slide 24: Summary
Summary potential for a large prize A portfolio of Copper and Gold projects with excellent short to medium term upside Our Business is Mason Valley Project – Four overlooked high grade Gold and Copper copper mines Triumph Project – Targeting the ‘engine room’ of a large system Eidsvold Project
Slide 25: Looking Ahead
Looking Ahead project execution and new opportunities Positioned for Growth (organic and acquisition) A team solidly grounded in project execution and generation – access to a global network and project opportunities
Slide 26: Metal Bank Limited
Metal Bank Limited contact us ASX Code: MBK www.metalbank.com.au Tony Schreck Director 0419 683 196 tony@metalbank.com.au