Metal Hawk Ltd. · ASX:MHK
Metal Hawk — Investor Presentation (November 2020)
22 slides from Metal Hawk's investor presentation, November 2020
Slide 1: Investor Presentation
Investor Presentation A Western Australian exploration company focused on Gold and Nickel discovery November 2020 ASX : MHK
Slide 2: Disclaimer
Disclaimer Confidential This investor presentation (Presentation) is strictly confidential and is intended for the exclusive benefit of the person to which it is presented. It may not be reproduced, distributed or passed on, directly or indirectly, to any other person or published, in whole or in pa
Slide 3: Exploring for Gold and Nickel in World-Class Mining Districts
EXPLORING FOR GOLD AND NICKEL IN WORLD-CLASS MINING DISTRICTS ✓ Focused on early-stage discovery to generate maximum value growth ✓ Eastern Goldfields projects located within 80km from Kalgoorlie ✓ Large ground holding in the Albany- Fraser Orogen Strategic partnerships with Western Areas Ltd (WSA)
Slide 4: Strategic Partners Secured
STRATEGIC PARTNERS SECURED WSA JV ✓ WSA to earn up to 75% on Emu Lake, Kanowna East and Fraser South Projects by spending $7m over 5 years ➢ Stage 1: $3m over 3 years for 51% ➢ Stage 2: $4m over 2 years for 75% ✓ MHK free carried to decision to mine ✓ MHK to retain gold rights at Emu Lake and Kanown
Slide 5: Directors and Management, Corporate Snapshot
Directors and Management Corporate Snapshot DIRECTORS CAPITAL STRUCTURE Brett Lambert Non-Executive Chairman Mining Engineer +30 years experience. Current chairman of MCR and STN Shares on issue 47,247,500 Will Belbin Managing Director Exploration Geologist +20 years experience in WA nickel and gold
Slide 6: Overview Goldfields Projects
OVERVIEW Goldfields Projects ➢ Close to Kalgoorlie, operating mills, infrastructure and services ➢ Underexplored, prospective for gold and nickel ➢ Active exploration and drilling to provide strong news flow ➢ JV with WSA on key projects to fund nickel exploration ➢ MHK retains gold rights 6
Slide 7: Kanowna East Project
Kanowna East Project SURROUNDED BY MAJORS AND WORLD-CLASS GOLD AND NICKEL DEPOSITS ➢8km from Kanowna Belle gold mine (>6.4 Moz Au) ➢10km south along strike from Silver Swan (historical production of 130kt @ 5.2% Ni) ➢Gold and nickel hits from shallow drilling - not followed-up ➢WSA Earning-in ➢MHK r
Slide 8: Kanowna East - Gold
Kanowna East - Gold AGGRESSIVE DRILLING FOR DISCOVERY ➢Sparsely drilled with shallow Aircore / RAB; – average hole depth 57m ➢Untested historical gold anomalies, including; 18m @ 1.2g/t Au from 60m (to EOH) - Closest drillhole 800m along strike - Hosted within felsic rocks, analogous to Kanowna Bell
Slide 9: Kanowna East - Gold
Kanowna East - Gold DRILLING TO FOCUS ON WESTERN FELSIC ROCKS E 27/596 NO DRILLING ➢ only 18 historical holes drilled west of UM ➢ 10 intersected 6km anomalous gold E 27/596 2km ➢ 0 have been followed up NO DRILLING ➢ + 10,000m drill program to 9 commence Nov-Dec 2020
Slide 10: Kanowna East – Nickel
Kanowna East – Nickel GEOLOGICAL SETTING ➢12km south and along strike of Poseidon Nickel’s Black Swan Project: • Same ultramafic package as Silver Swan (Kambalda-style komatiite-hosted nickel) • Silver Swan surface expression only ~50m strike extent, no geochemical or EM surface signature ➢9km strik
Slide 11: Kanowna East – Nickel
Kanowna East – Nickel WSA TO FUND AGGRESSIVE EXPLORATION ➢Last drilled in 2005 by LionOre Nickel ➢Historical wide-spaced shallow drilling showed significant nickel anomalism, not followed up: • 21m @ 1.0% Ni (from 8m to EOH) • 23m @ 0.75% Ni (from 16m) • 14m @ 0.62% Ni (from 4m) 11 Geophysics and Dr
Slide 12: Emu Lake Project
Emu Lake Project GREENSTONE-HOSTED EXPLORATION TENURE ➢The right address - 70km NE of 65km2 Kalgoorlie, surrounded by majors ➢WSA Earning-in ➢MHK retains gold rights ➢Underexplored – Untested gold geochemical soil / auger anomalies ➢Ultramafic belt fertile for nickel sulphides - Binti nickel prospec
Slide 13: Emu Lake – Gold
Emu Lake – Gold BROAD GOLD GEOCHEMICAL ANOMALIES ➢MHK holds gold rights 100% ➢Drilling recently commenced to drill numerous E 27/562 untested gold targets ➢No modern systematic exploration ➢+10ppb undrilled surface gold geochemical anomalies, including: • Anomaly 2 - broad (2km x 1km) gold in soil /
Slide 14: Clinker Hill and Blair North
Clinker Hill and Blair North NICKEL AND GOLD PROSPECTIVITY ➢25-35km ESE of Kalgoorlie ➢Majority of project area consists of high- MgO ultramafic rocks under shallow cover ➢Diamond drilling in May 2020 intersected barren sulphides along target horizon (proof of concept) - further exploration warrante
Slide 15: Overview Norseman and Albany-Fraser Projects
OVERVIEW Norseman and Albany - Fraser Projects Viking Gold Project ➢ High-grade gold system 30km ESE of Norseman Norseman East Project ➢ New ELA acquisition <10km from Norseman surrounded by gold deposits Fraser South Project CHN Earn-in ➢ Large landholding 80km south of Nova-Bollinger, with unteste
Slide 16: Norseman Gold Projects
Norseman Gold Projects VIKING GOLD PROJECT ➢Large gold system discovered in 2011 ➢Advanced prospects identified, with only shallow drilling to date ➢CHN to fund aggressive exploration and may earn a 70% interest by spending $2.75m over 4.5years NORSEMAN EAST PROJECT ➢Underexplored tenure adjacent to
Slide 17: Viking Gold Project – Beaker Prospect
Viking Gold Project – Beaker 2 Prospect ➢EXTENSIVE ZONE OF HIGH GRADE SUPERGENE GOLD - 6m @ 64.0g/t Au from 50m - 4m @ 15.4g/t Au from 40m ➢BEDROCK UNTESTED - 3m @ 15.3 g/t Au from 28m - 11m @ 3.1g/t Au from 14m - 3m @ 8.2 g/t Au from 40m 15
Slide 18: Viking Gold Project – Beaker Prospect
Viking Gold Project – Beaker 4 Prospect HIGH GRADE GOLD IN SHALLOW DRILLING ➢High-grade gold hosted in quartz- sulphide veining, including: - 7m @ 4.0g/t Au - 4.4m @ 6.6g/t Au - 6m @ 6.0g/t Au - 2.3m @ 5.8g/t Au ➢Extends from near surface to >100m ➢Open along strike and down-plunge 18
Slide 19: Norseman East Project (MHK 100%)
Norseman East Project (MHK 100%) OPPORTUNITY FOR DISCOVERY IN WORLD-CLASS GOLD CAMP ➢Newly acquired ELA ~35km2 ➢~5km north of Pantoro’s (ASX: PNR) Gladstone - Everlasting and Daisy gold deposits (current resources >250koz Au) PRIORITY TARGET AREA NO DRILLING ➢No gold exploration since 1990s ➢Targeti
Slide 20: Fraser South Project
Fraser South Project CONSOLIDATED TENURE IN ALBANY-FRASER ➢40km strike of N-S trending metamorphic rocks under cover ➢Belt-scale prospectivity ➢Unexplored for Ni-Cu sulphides ➢The “Hawk Eye” feature - similar to that at Nova, visible in aeromagnetics ➢WSA Earning-In Fraser South Project ➢WSA to mana
Slide 21: Significant Activity and News Flow
Significant Activity and News Flow Timeline Q4-CY20 Q1-CY21 Q2-CY21 Exploration Activities Oct Nov Dec Jan Feb Mar Apr May Jun Kanowna East phase 1 (8,000m) phase 2 (6,000m) Aircore Drilling RC follow-up RC Drilling Emu Lake phase 1 (3,000m) phase 2 (3,000m) Aircore drilling Gold geochemical surveys
Slide 22: www.metalhawk.com.au
www.metalhawk.com.au