New Murchison Gold Limited · ASX:NMG
New Murchison Gold — Investor Presentation (September 2020)
18 slides from New Murchison Gold's investor presentation, Sep 16, 2020
Slide 1: Ora Gold Limited
On GOLD MMITED (ASX.OAU ar-production gollal p projects one \bbotts enstone Belt...
Slide 2: Snapshot
Snapshot OAU 12 month share price (0.9-3.0c) Market 840.8M shares issued and 58.5M unlisted options (1.5-8c) $22M market capitalisation Top 20 shareholders hold 44% Board and Management hold 15% People Successful in growing companies and projects, large deposit discovery and delivering production. A
Slide 3: Advanced projects in Abbotts Greenstone Belt
Advanced projects in Abbotts Greenstone Belt • Crown Prince initial high grade oxide open pit to 75m depth over historical very high grade mine (29,400t at 21g/t yield) • Crown Prince underground potential open beyond deepest intersection at 259m • Lydia very high grade near-surface intersections an
Slide 4: Investment Summary
Investment Summary Under-explored Abbotts Greenstone Belt, with near-production gold project, resource drilling on next in line and …. more to come ▪ Strategy to commence early shallow production and discover gold and base metal deposits ▪ High likelihood for large gold and base metal deposits under
Slide 5: Lydia-Eclipse Lineament - large deposits under cover?
Lydia-Eclipse Lineament - large deposits under cover? • Crown Prince and Lydia deposits are partially drilled and are likely to have deep extensions • Deposits highlight the potential for further discoveries under cover in Lydia-Eclipse Lineament • Drilling planned for the many surface prospects, nu
Slide 6: Crown Prince Gold Project - positive scoping study outcome
Crown Prince Gold Project - positive scoping study outcome • Mineral Resource estimate (21Oct19) totals 479,000t at 3.6g/t Au for 56,000oz gold (JORC 2012) at +1.2g/t Au: • Indicated 218,000t at 4.3g/t • Inferred 261,000t at 3.1g/t • Scoping study supports initial mine development of shallow high gr
Slide 7: Crown Prince - indicative work program
Crown Prince - indicative work program SEP OC T N OV D EC JA N F EB M AR AP R M AY J UN J UL A UG YEAR 1 SCOPE: Agreements, approvals, pre-development Toll Treatment - Processing Agreement September 2020: Native Title Agreement Environmental studies • Processing of final approvals for Council / Haul
Slide 8: Crown Prince - high grade, open downdip
Crown Prince - high grade, open downdip • Gold mineralisation in proposed Surface pit is in oxide and supergene halo Laterite Zone around old workings and quartz BOCO Surface veins and stockworks 100’ Level Drive • Shallow oxide mineralisation is TOFR Surface well-drilled to ~75m South Zone Stoped •
Slide 9: Crown Prince - open pit design with +97% Indicated Resource
Crown Prince - open pit design with +97% Indicated Resource • Simple pit design with low proportion of drill and blast • Conservative cutoff grade of 1.2g/t Au • Laterite and near surface mineralisation to be drilled during grade control program • Potential additional ore blocks from surface at COG
Slide 10: Lydia Gold Project – high grade shallow intersections
Lydia Gold Project – high grade shallow intersections 10
Slide 11: Lydia– shallow oxide and open primary gold mineralisation
Lydia– shallow oxide and open primary gold mineralisation OGG266 9-10m 794g/t Au • Mineralised dilation zone likely to extend and repeat at depth and along strike • Lydia shear zone is a series of ~north-south striking reverse faults with cross faults creating classic Riedel shear system • Deposit i
Slide 12: Abbotts Lineament - gold mineralisation, open downdip
Abbotts Lineament - gold mineralisation, open downdip • Granted Mining Lease (M51/390) • Abbotts Gold Project historical production of 37,100t at 32g/t yield to maximum depth of 90m from 1-2m wide quartz veins, mostly from Eastern Shear Zone (1897-1908) • 1,700m strike length of 80m wide mineralised
Slide 13: Abbotts - open downdip and partially drilled to 170m
Abbotts - open downdip and partially drilled to 170m Historical mining Historical mining Interpreted mineralised units • Long section shows the brittle mafic/felsic unit hosting the main gold mineralisation is shallow-plunging to north • The ‘Pits’ are potential shallow pit development to be followe
Slide 14: Government Well - Gold and Base Metal Prospects
Government Well - Gold and Base Metal Prospects • Strong EM conductors outlined over historical gold/copper workings and shallow drilling • Ora Gold drilling confirms gold (CVI) and base metal (CVG) zones • Age and geological setting same as large orogenic gold and VMS deposits in Yilgarn Craton EM
Slide 15: Project pipeline and high prospectivity for gold and base metals
Project pipeline and high prospectivity for gold and base metals PRODUCTION: • Crown Prince pit pre-development aiming for gold production in 2021 RESOURCE DELINEATION: • Drilling Lydia and other prospects in Lydia - Eclipse Lineament • Orogenic and intrusive-related gold prospects along strongly mi
Slide 16: Disclaimer
Disclaimer This presentation has been prepared by Ora Gold Limited (Ora Gold) and contains background information about Ora Gold and its related entities current at the date of this presentation. The presentation is in summary form and does not purport to be complete or all-inclusive. It is for info
Slide 17: Competent Person Statement
Competent Person Statement Details in this report that pertain to Ora Gold Limited Exploration Results are based upon, and fairly represent, information and supporting documentation compiled by Mr Costica Vieru, a Member of the Australian Institute of Geoscientists and a full-time employee of the Co
Slide 18: Ora Gold Limited Contact Details
Ora Gold Limited Contact Details Registered Office Level 2 PO Box 333 47 Stirling Highway NEDLANDS NEDLANDS WA 6009 WA 6909 Telephone: +61 8 9389 6927 Email: info@ora.gold Website: www.ora.gold Listed on the Australian Stock Exchange Code OAU For further information contact: Philip Bruce 0412 409 55
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