Musgrave Minerals — Euroz Hartleys Gold Developer's Day 2023
19 slides from Musgrave Minerals's conference presentation, Mar 30, 2023
Slide 1: Cue Gold Project, Western Australia
Musgrave Minerals Limited ACN 147 890 671 Cue Gold Project Western Australia ASX: MGV Rob Waugh Managing Director EUROZ HARTLEYS GOLD DEVELOPER’S DAY 30 MARCH 2023
Slide 2: Disclaimer
DISCLAIMER This Presentation (Presentation) has been prepared by Musgrave Minerals Ltd This Presentation is not a prospectus, product disclosure statement or other (MGV) and is authorised for release by its Managing Director, Mr Robert offer document under Australian law or any other law (and will n
Slide 3: 2023 Objectives
2023 OBJECTIVES TARGETING HIGH-GRADE SYSTEMS AND STAND-ALONE GOLD PRODUCTION Exploration Development Deliver robust Stage 1 Drill test targets on Prefeasibility Study for 100% MGV tenure first initial years of with aim to deliver production, utilising May new discoveries and 2022 Indicated Mineral g
Slide 4: Corporate Overview
CORPORATE OVERVIEW ASX Code MGV Current Holdings of Top Shareholders Shares on Issue 591M Westminex Group Share Price (28 March 2023) $0.20 9.6% Jetosea Pty Ltd Cash on Hand (Dec 2022) ~$14.6M 8.9% Securities Held (LEG, CYM) ~$0.4M HSBC Custody Nominees 8.4% (Australia) Limited Debt Nil Other 3.7% E
Slide 5: Board and Management
BOARD AND MANAGEMENT Managing General Manager Exploration Director Development Manager Rob Waugh Anthony Buckingham Jonathan Gough MSc, BSc, BEng, MAusIMM, MSc, BSc (Hons) FAusIMM, MAIG MAIG Non-Executive Non-Executive Non-Executive Non-Executive Chairman Director Director Director Graham Ascough Ke
Slide 6: Excellent Infrastructure – Development Options
EXCELLENT INFRASTRUCTURE – DEVELOPMENT OPTIONS Strategic Appeal • Surrounded by significant gold producers (Ramelius, Westgold, Silver Lake) • Excellent road infrastructure • Proximal to local towns • Progressing towards standalone operation Unique project • High-grade near surface gold • Exploratio
Slide 7: ESG (Environment, Social & Governance)
ESG (ENVIRONMENT, SOCIAL & GOVERNANCE) Assessing alternative power Environment Minimise our carbon footprint. options Regularly monitor and strive to continually Minimise disturbance and improve our environmental performance. rehabilitation Consult and communicate openly with Open communication and
Slide 8: Waratah Trend & New Lodes
WARATAH TREND & NEW LODES New Zones - Near-surface gold mineralisation • Waratah Zone • >400m combined strike of two main mineralised zones (zones 1 & 2) • 2m @ 28.1g/t Au from 78m (21MORC359) • 3m @ 9.8g/t Au from 12m (21MORC231) • 4m @ 29.9g/t Au from 17m (21MORC228) • Not in current resource • Ne
Slide 9: Amarillo Prospect
AMARILLO PROSPECT Near-surface gold mineralisation • Two parallel, sub-vertical gold lodes - >400m strike • 7m @ 23.7g/t Au from 102m (22MORC060), incl. • 1m @ 118g/t Au from 107m • 9m @ 8.7g/t Au from 44m (21MORC371) • 23m @ 4.2g/t Au from 26m (21MORC185) • 8m @ 4.6g/t Au from 34m (22MORC371) • Not
Slide 10: Gold Targets – Lake Austin (EVN JV)
GOLD TARGETS – LAKE AUSTIN (EVN JV) • EVN Cue JV – Evolution 75% : Musgrave 25% • EVN Managing JV and ongoing budget • Gold targets under variable thickness dune and lake cover • Basement gold mineralisation intersected at West Island and Lake Austin North targets • Gold intercepts include: • West I
Slide 11: New Tenure – Mt Magnet South Project
NEW TENURE – MT MAGNET SOUTH PROJECT • Company growth opportunity • Multiple untested targets – and very limited historical exploration • 294 km2 area • Synergies with Cue Project • Creates a long-term pipeline of opportunities • Ability to fully utilize exploration strengths and apply learnings fro
Slide 12: Scheduled Work Plan
SCHEDULED WORK PLAN Cue Gold Project Q1 2023 Q2 2023 RC drill assays pending – Leviticus + 6 new targets RC follow-up drilling – Break of Day North Aircore drilling of new regional targets (Cue) Resource infill and extensional drilling Diamond drilling – resource conversion (Break of Day a
Slide 13: Grade + Resources + Recovery
GRADE + RESOURCES + RECOVERY INFRASTRUCTURE + LOCATION + EXPLORATION UPSIDE • Total Mineral Resources • 12.3mt @ 2.3g/t Au for 927koz Au (47% Indicated) …and potential to grow • High-grade Trend (near-surface) • High value near-surface component 982kt @ 10.4g/t Au for 327koz Au • Opportunity for fur
Slide 14: Additional Information
ADDITIONAL INFORMATION 20 ASX: ASX:MGV MGV | |Musgrave Musgrave Minerals Minerals Limited Limited
Slide 15: Gold Resources
GOLD RESOURCES JORC Mineral Resources (Indicated and Inferred) * As at 31 May 2022 Gold Mineral Resources are compliant with JORC 2012 and reported by Musgrave Minerals Ltd (MGV) in ASX announcements dated 31 May 2022, and Cyprium Metals Limited (CYM) in its ASX announcement dated 29 September 2020.
Slide 16: JORC Gold Mineral Resources - May 2022
JORC GOLD MINERAL RESOURCES - 31 MAY 2022 Indicated Resources Inferred Resources Total Resources Notes to Table: The Mineral Resources are produced in accordance with the 2012 Edition Deposit Tonnes Au Grade Total oz. Au Tonnes '000s Au Grade Total oz. Au Tonnes Au Grade g/t Total oz. of the Austral
Slide 17: Copper Resources
COPPER RESOURCES JV agreement with Cyprium Metals Ltd Copper resources at Hollandaire Tonnes Cu Cu Hollandaire Copper* (Mt) (%) (Tonnes) Indicated Resources 2.179 2.0 42,200 Inferred Resources 0.605 1.6 9,300 Total 2.784 1.9 51,500 Opportunity to seek to discover new copper- zinc resources: • Mt Eel
Slide 18: Competent Person's Statement
COMPETENT PERSON’S STATEMENT Mineral Resources The information in this report that relates to Mineral Resources for the Break of Day, Lena, White Heat-Mosaic, Big Sky, Numbers, Leviticus, Jasper Queen, Gilt Edge, Rapier South and the Hollandaire Gold Cap deposits is based on information compiled by
Slide 19: Additional JORC Information
ADDITIONAL JORC INFORMATION Further details relating to the information provided in this Presentation can be found in the following Musgrave Minerals’ ASX announcements: • 24 March 2023, “Cue Project - 3Dinteractive model and PFS update” • 23 February 2023, “New high-grade lode identified along Brea
Musgrave Minerals — Euroz Hartleys Gold Developer's Day 2023 on 6ix