Saturn Metals Ltd. · ASX:STN
Saturn Metals — Resources Rising Stars Gather Round Conference 2025
23 slides from Saturn Metals's conference presentation, Apr 10, 2025
Slide 1: Saturn Metals to present at RRS Gather Round Conference, Adelaide
ASX Announcement 10 April 2025 SATURN METALS TO PRESENT AT RRS GATHER ROUND CONFERENCE, ADELAIDE Saturn Metals Limited (ASX:STN) (Company) is pleased to provide an updated Corporate Presentation which will be delivered by Managing Director, Ian Bamborough to the Resources Rising Stars Gather Round C
Slide 2: Apollo Hill Heap Leach Gold
Apollo Hill Heap Leach Gold Accelerating Feasibility, Development Plans & Exploration Thursday, 10 April 2025 Company Presentation: Ian Bamborough ASX:STN www.saturnmetals.com.au Managing Director
Slide 3: Apollo Hill 'Greater' Gold Project
Apollo Hill ‘Greater’ Gold Project Large Strategically Located Assets • Central position in a world class multi-million ounce gold province 60km south-east of Leonora in Western Australia • 2.03Moz Measured, Indicated and Inferred JORC Compliant Mineral Resource1 in a single large deposit • 2023 PEA
Slide 4: Corporate Snapshot
Corporate Snapshot Strong Register – Compelling Value Corporate Metrics & Share Structure Assets Cash at 31 March 2025 $4.5M EV/Resource oz 3 $35 Two Tranche Placement ($23M) & SPP ($2M) announced 31 March 2025 +$25M 1 Ordinary Shares on Issue 387M Mineral Resources – Apollo Hill Gold Deposit 2.03Mo
Slide 5: Long Term Strategic Sized Asset With Clear Growth Potential
Long Term Strategic Sized Asset With Clear Growth Potential At Scale: 2.03Moz Resource against St George’s Terrace (Perth, WA) 234m 2,500m ASX:STN | www.saturnmetals.com.au 4
Slide 6: Apollo Hill – 2.03Moz Au Resource
Apollo Hill – 2.03Moz Au Resource Big, Single, Simple, Low Strip, Large Selective Mining Unit, Low Unit Cost, Open Pit Shell 6772000N 372000E 6774000N 369000E 6773000N 370000E 6774000N Apollo Hill February 2025 Mineral Resource 2,030,000oz (119Mt @ 0.53g/t Au at 0.20g/t Au cut-off) Feb 2025 Mineral
Slide 7: Apollo Hill 2025 Mineral Resource & PEA Whittle Shell $3,300
Apollo Hill 2025 Mineral Resource & PEA Whittle Shell $3,300 Scalability Low Strip Life of Mine Thick ore zones +100m Bulk tonnage Bigger selective mining units, economies of scale and lower operating cost (10m benches); Big Equipment Expanded pit shell to 330m – modest depth by current st
Slide 8: Simple Metallurgy – Apollo's Biggest Cost Differentiator
Simple Metallurgy – Apollo’s Biggest Cost Differentiator Excellent Gold Extraction Characteristics for Easily Recoverable Gold HEAP LEACHING: Efficient & Excellent Low-Cost Recovery RouteA Gold Grains +78% gold recovery in columns at completion at 8mm Crush +88% gold recovery in columns at compl
Slide 9: Leach Kinetics and Recovery Performance
Leach Kinetics and Recovery Performance Strong & Timely Curves Predictable Finish for Efficient Management of Heap LeachingA A Refer Slide 20 ASX:STN | www.saturnmetals.com.au 8
Slide 10: 2023 Preliminary Economic Assessment
2023 Preliminary Economic Assessment Production Target – 1.63Moz via Conventional Heap Leach Circuit Initial Target: 10Mtpa for 10 years from former 1.84Moz Au Mineral Resource Life of mine production totals 93.9 Mt at 0.54 g/t for 1,636,000oz of contained gold Average waste to ore ratio of 1.5
Slide 11: Preliminary Economic Assessment
Preliminary Economic Assessment Low Cost Per Ore Tonne (A$24/t) = Significant Margin on a Large Volume (10Mtpa) – Bulk Mining & Processing Delivers Economies of Scale • C1 Cost A$1,730/oz (US$1,090/oz) • ASIC A$1,857/oz (US$1,170/oz) • Mining A$4.50/t (US$2.84/t) (10m bench – large efficient SMU’s)
Slide 12: Preliminary Economic Assessment
Preliminary Economic Assessment Robust Financials at A$2,665/oz (US$1,679)*0.63 Exchange Gold base case, a Healthy Margin At more recent gold prices (A$3,500/oz), the Project Gold Price A$/oz 2,665 demonstrates outstanding financial outcomes including: Project EBITDA A$M 1,038 (earnings before inter
Slide 13: Resource Comparison
Resource Comparison Peer Group Soledad Mountain, USA Andean Precious Metals Florida Canyon, USA Current Resources firmly place Apollo Hill, AUS Integra Resources Saturn Metals Apollo Hill in bulk tonnage economic space: Moss, USA Grade Golden Vertex Corp Scale Tujuh Bukit, IDN Marrigold, USA Bal
Slide 14: Pre-Feasibility Study
Pre-Feasibility Study Targeting December Quarter 2025 Delivery • Globally renowned Heap Leach specialist engineering services Solution and Mining Offices Storm Water and Workshops Ponds firm, Kappes Cassiday & Associates appointed to complete PFS Waste Dump • Development focussed, operationally expe
Slide 15: Resource Drill Out
Resource Drill Out 60,000m Drill Phase • Assays reported for 25,000m • 35,000m planned and in progress • In-fill and extension ASX:STN | www.saturnmetals.com.au 14
Slide 16: Excellent Results – Apollo Hill
Excellent Results – Apollo Hill Extensional and In-fill Focused Drilling Thick and higher-grade intersections from reverse circulation drilling includeA: • 45m @ 1.04g/t Au from 190m within 89m @ 0.74g/t Au from 146m – AHRC1010 • 34m @ 1.29g/t Au from 266m – AHRC0973 • 12m @ 2.98g/t Au from 246m wit
Slide 17: Clear Exploration Potential
Clear Exploration Potential Step Out Drilling • Change in drill orientation to target intersection of major gold bearing structures at depth • 4 Drill Holes Planned Phase One • Further economies of scale if successful ASX:STN | www.saturnmetals.com.au 16
Slide 18: Regional Opportunities
Regional Opportunities Greenfield Target Areas • ~1,000km2 land package • 16 Prospects discovered to date • Large continuous gold system • Large tracts of ground still untested • 5,000m AC phase in progress; prospective geology in current drilling – Assays Pending • A Further 12,000m of Regional Exp
Slide 19: Development Plan
Development Plan Timeline To Full-Scale Production 2025 2026 2027 2028 Pre-Feasibility Study Definitive Feasibility Study Full Scale Operations *subject to permitting, approvals, funding & investment decision Financing & Procurement Regulatory Approvals Construction & Commissioning 60,000m in progre
Slide 20: Bulk Sample Mining and Pilot Heap Leach Processing Considerations
Bulk Sample Mining and Pilot Heap Leach Processing Considerations Initial Consideration of Staged Development Concepts • The concept of mining and processing a 1.2Mt bulk sample has been evaluated • The concept, at the proposed scale and as a stand-alone excise utilising Company acquired processing
Slide 21: Important Information Disclaimer & Competent Person Statements
Important Information Disclaimer & Competent Person Statements GENERAL The Company has prepared this presentation. Whilst the information contained in this presentation has been prepared with all reasonable care from information provided by the Company and from sources, which the Company believes ar
Slide 22: Appendix A: Mineral Resource – Apollo Hill Gold Deposit
Appendix A Mineral Resource – Apollo Hill Gold Deposit Mineral Resource Tonnes Au Au metal Classification Oxidation (Mt) (g/t) (Kozs) Oxide 0.2 0.58 3 Measured Transitional 1.8 0.60 34 Fresh 2.8 0.53 47 Subtotal 4.7 0.55 85 Oxide 1.0 0.50 16 Indicated Transitional 8.3 0.49 131 Fresh 54.1 0.53 924 Su
Slide 23: Appendix B: Resource Comparison – Peer Group Data
Appendix B Resource Comparison – Peer Group Data Mineral Resource Measured Indicated Inferred Total Source Company Desposit Stage Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces 1 Kinross Gold Corporation Bald Mountain Production 7,131,000 0.90 205,000 172,130,000 0.4
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