Millennium Minerals — Auteco Minerals — Investor Presentation (June 2023)
23 slides from Millennium Minerals's investor presentation, Jun 13, 2023
Slide 1: In-depth 3D model shows immense scale and near-surface growth potential
ASX: AUT 13 June 2023 ASX ANNOUNCEMENT Pickle Crow Gold Project, Canada In-depth 3D model shows immense scale and near-surface growth potential New cutting-edge analysis of the 2.8Moz project shows the size, favourable geometry and substantial open pit scenario at this rapidly growing, tier-1 deposi
Slide 2: High-grade Canadian undeveloped gold resource of 2.8Moz at 7.2g/t
HIGH-GRADE CANADIAN UNDEVELOPED GOLD RESOURCE ASX : AUT OF 2.8MOZ AT 7.2G/T ‣ One of the highest grade +2Moz Inferred Resources globally in a Tier-One mining region ‣ Strong growth trajectory with exceptional exploration upside ‣ Historic mine site, nearby roads with ready access to hydropower ‣ Com
Slide 3: Disclaimer & Cautionary Statements
DISCLAIMER & CAUTIONARY STATEMENTS DISCLAIMER This presentation has been prepared by Auteco Minerals Limited (the Company) based on information from its own and third party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submis
Slide 4: The World-Class Pickle Crow Gold Project
THE WORLD-CLASS PICKLE CROW GOLD PROJECT Pickle Crow has one of the highest grade 2.8Moz gold Resources globally in addition to significant district-scale discovery potential ‣ Operating in a stable Tier 1 mining jurisdiction, Ontario Canada ‣ Year-round access, support infrastructure LOCATION ‣ In
Slide 5: 2.8 Million Ounces and Growing
2.8 MILLION OUNCES AND GROWING Strong and Consistent Resource Growth Lower Tonnes Gold Grade Gold Variance to Dec 2021 Mineralisation Domain Cut-off (Mt) (g/t) (Million oz) Resource Inferred Resource at 31 Quartz Lodes 3.0g/t 6.7 9.8 2.1 +0.19Moz December 20221 Bulk (BIF, Porphyry) 2.0g/t 4.2 3.8 0.
Slide 6: A Standout Project: Total Resource Ounces and Grade
1. TOTAL RESOURCE OUNCES1 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 10,000,000 De Grey Mining - Mallina Bellevue Gold - Bellevue AuTECO - PICKLE CROW A STANDOUT PROJECT Ausgold - Katanning Refer to Appendix 1 for details of Resources. Resources are inclusive of Reserves. Genesis Minerals -
Slide 7: One of the Best Addresses Globally
ONE OF THE BEST ADDRESSES GLOBALLY A True Tier One Jurisdiction With World-Class Gold Deposits
Slide 8: An Area of Significant Corporate Activity
AN AREA OF SIGNIFICANT CORPORATE ACTIVITY >US$2 Billion worth of transactions since 2019 in the same belt of rocks that hosts Pickle Crow ASSET Dixie Red Lake Phoenix STAGE Exploration, No Resource Production Feasibility LOCAL SELLER / TARGET TRANSACTIONS Near Pickle Crow1 (Uchi Belt) ACQUIRER TRANS
Slide 9: Dominant Land Holding in the Pickle Lake Area
DOMINANT LAND HOLDING IN THE PICKLE LAKE AREA Camp-scale 500km2 holding around one of Canada’s highest-grade historic gold mines that has seen limited modern exploration TO EXPLORE INTERACTIVE 3D SLIDE CLICK: https://vrify.com/decks/13521?slide=261364
Slide 10: Exceptional Infrastructure to Support Development
EXCEPTIONAL INFRASTRUCTURE TO SUPPORT DEVELOPMENT Airport with Commercial Flights TO EXPLORE INTERACTIVE 3D SLIDE CLICK: https://vrify.com/decks/13521?slide=261365 9
Slide 11: Board and Management
BOARD AND MANAGEMENT A Leadership Team with management DNA and success in the resources sector Maddison Cramer JOINT COMPANY SECRETARY Bellevue Gold, Midas Minerals, Cygnus William Nguyen Kevin Tomlinson CHIEF FINANCIAL OFFICER & Ray Shorrocks Steve Parsons Michael Naylor Darren Cooke NON-EXECUTIVE
Slide 12: Corporate Overview
CORPORATE OVERVIEW Exceptional institutional share register with a strong balance sheet to fund future growth CURRENT SHARE PRICE 1 MARKET CAPITALISATION 1 CASH POSITION 2 A$0.031 ~A$72m ~A$10.4m CAPITAL STRUCTURE ASX Code AUT Shares on issue 2.3B $0.25 $2,200 Unlisted options & performance rights 1
Slide 13: Creating Value with the Drill Bit
CREATING VALUE WITH THE DRILL BIT 1 REGIONAL DISCOVERY 2 NEAR MINE GROWTH Greenfields Exploration Brownfields Around the Headframe ‣ Limited systematic modern camp-scale exploration ‣ 2.8Moz @ 7.2g/t Inferred Resource ‣ First time the mineral district has been consolidated ‣ Near mine deposits contr
Slide 14: Significant Near-Surface Upside
SIGNIFICANT NEAR-SURFACE UPSIDE Significant Potential to Grow the 2.8Moz @ 7.2g/t Resource ‣ Over 1Moz above 0.5g/t in the top 250 metres ‣ Extensive shallow mineralisation in the top 250m below surface outside of the current Resource ‣ Significant open pit potential – under review ‣ Resource remain
Slide 15: An Extensive Mineralised System
AN EXTENSIVE MINERALISED SYSTEM ‣ AuTECO has a comprehensive historical drill data set ‣ The company has drilled 160,000m since 2020 ‣ There is substantial shallow mineralisation outside of historic mining TO EXPLORE INTERACTIVE 3D SLIDE CLICK: https://vrify.com/decks/13521?slide=261381 14
Slide 16: An Entire Mineral District
AN ENTIRE MINERAL DISTRICT https://vrify.com/decks/13521?slide=261388 15
Slide 17: Focus of Activities – 2023
FOCUS OF ACTIVITIES – 2023 Building on a remarkable 2022 to fast-track exploration of one of the most prospective gold exploration plays in addition to advancing the 2.8Moz gold Resource towards production ‣ 500km2 land holding in one of the most prospective gold camps globally FAST-TRACK REGIONAL ‣
Slide 18: A Compelling Investment Opportunity
A COMPELLING INVESTMENT OPPORTUNITY One of the highest grade +2Moz Inferred Resources with strong potential to grow LOCATION THE ASSET – PICKLE CROW UPSIDE ‣ Operating in a stable Tier 1 ‣ Long history of high-grade ‣ Exceptional discovery mining jurisdiction, Ontario gold production (1.5Moz @ poten
Slide 19: Enquiries?
ENQUIRIES? Level 2, 8 Richardson Street E. info@autecominerals.com West Perth WA 6005 P. +61 (8) 9220 9030 GPO Box 2884 West Perth WA 6872 ASX: AUT
Slide 20: Appendices
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Slide 21: Appendix 1 – Resource Peer Comparison Data
APPENDIX 1 – RESOURCE PEER COMPARISON DATA MEASURED INDICATED INFERRED TOTAL Market Cap @ COMPANY PROJECT STAGE 1/5/2023 in Grade Ounces Grade Ounces Grade Ounces Grade Ounces AUD Matdador Mining1 Cape Ray Resource - - 3.15 356,000 1.60 481,000 2.02 837,000 $ 23,320,000 AuTECO2 Pickle Crow Resource
Slide 22: Appendix 2 – Corporate Transaction Details
APPENDIX 2 – CORPORATE TRANSACTION DETAILS SOURCE DATE ASSET TARGET / SELLER ACQUIRER TRANSACTION TYPE TRANSACTION VALUE 1 24/02/2022 Dixie Great Bear Resources Kinross Company acquisition US$1.4B 2 26/11/2019 Red Lake Newmont Mining Evolution Mining Asset Transaction to US$475M 3 20/05/2021 Phoenix
Slide 23: Appendix 3: Environment, Social and Governance
APPENDIX 3: ENVIRONMENT, SOCIAL AND GOVERNANCE Sustainability is at the forefront ‣ Commitment to baseline monitoring and progressive rehabilitation Environment ‣ Minimisation of disturbance, maintaining a healthy ecosystem ‣ Improve what AuTECO inherited (legacy site) ‣ Agreement signed with Mishke