Mandrake Resources Ltd · ASX:MAN
Mandrake Resources — Investor Presentation (July 2019)
17 slides from Mandrake Resources's investor presentation, July 2019
Slide 1: July 2019 Capital Raising
July 2019 Capital Raising Bronson Group Limited ASX:BGR (to be renamed Mandrake Resources Limited ASX:MAN)
Slide 2: Disclaimers and Disclosures
DISCLAIMERS AND DISCLOSURES This document has been prepared in connection with a proposed offer of securities in Bronson Group Limited (“BGR”). BGR and Ironside Capital Pty Ltd ACN 168 562 918 (“Ironside”), their respective servants or agents, made no recommendation as to whether you should particip
Slide 3: Capital Raising
Capital Raising Minimum Subscription Maximum Subscription Shares Options Value Cash Shares Options Value Cash ($0.03 / July 2022 exp) ($0.03 / July 2022 exp) Current 3,248,883 3,000,001** $64,978 - 3,248,883 3,000,001** $64,978 - Shareholders Converting Loan 11,000,000 11,000,000 $220,000 - 11,000,0
Slide 4: Strong Investment Case
Strong Investment Case ▪ EV of less than $800,000 upon listing ▪ No shares in MAN have been issued at less than 2c ▪ High quality gold exploration ground in an under-explored area with Kirkland Lake Gold (MC: >$9B) restarting their Pine Creek Project (>3.2Moz /2.5Mtpa plant) in the near term ▪ Drill
Slide 5: Management
Management James Allchurch (Managing Director) Mr Allchurch is a geologist with over 18 years’ experience in mineral exploration, geotechnical assessment and mining operations. Mr Allchurch was the Managing Director of ASX-listed company Monto Minerals which controlled copper mining and tin explorat
Slide 6: Berinka Pine Creek Project
Berinka Pine Creek Project ▪ 289km2 exploration licence in the under-explored western limb of the Pine Creek Orogen, Northern Territory ▪ 180km south of Darwin ▪ Limited drilling has identified gold mineralisation that remains open - best intersections include: • 4m @ 6.6g/t from 32m • 6m @ 3.8g/t f
Slide 7: Berinka Pine Creek Geology
Berinka Pine Creek Geology ▪ Basement rocks comprise units of the Proterozoic Pine Creek Orogen including the Berinka Volcanics and Burrell Creek Formation ▪ Numerous gold occurrences hosted in Berinka Volcanics remain untested. Berinka Volcanics are prospective for Au/Cu mineralisation with possibl
Slide 8: Berinka Pine Creek Exploration History
Berinka Pine Creek Exploration History Carpentaria Exploration Company Pty Ltd (1975, 1984-1990) ▪ Discovered mineralisation through rock chip sampling (5.5g/t Au) in 1975 - Terrys Prospect ▪ Mapping, rock chip sampling, soils, costeaning identified further targets (Terrys A to F) ▪ RC drilling (36
Slide 9: Historical Drilling
Historical Drilling 2m @ 0.67 g/t Au from 75m (TRP-001) 1m @ 0.98 g/t Au from 90m (TRP-001) 2m @ 2.65 g/t Au from 46m (TRP-004) RC drilling at Terrys A, B & C Prospects - Carpentaria 2m @ 0.63 g/t Au from 54m (TRP-004) Exploration (1986 & 1988) 36 holes in total 6m @ 1.4 g/t Au from 100m (TRP-004) 2
Slide 10: Terrys Prospect A – Long Section
Terrys Prospect A – Long Section
Slide 11: Soil Geochem Coverage
Soil Geochem Coverage New and existing Au-As soil geochemistry targets Soil anomalism suggests a NE/SW mineralisation trend
Slide 12: Geophysical Datasets
Geophysical Datasets ▪ Detailed magnetic airborne surveys have been undertaken over parts of EL31710 (Geoscience Australia/NTGS 1984 and company surveys in 2010) ▪ Historic ground IP has been trialled over the Terrys Prospect (Carpentaria) ▪ New interpretations of the structural geology of the area
Slide 13: Prospectivity
Prospectivity ▪ Confirmation through historical drilling (core available) of high grade gold - open at depth ▪ Robust soil geochemical (Au/As) and geophysical datasets as well as rock chip sampling exhibiting numerous strong anomalies ▪ Regional anticlines (preferential trap system) and proximity to
Slide 14: Annexure 1 – Drill Results
Annexure 1 – Drill Results Table 1: Details of Carpentaria Exploration Drilling Easting Northing Av Gold Hole GDA94 GDA94 RL Dip Azimuth Depth From To Interval Grade g/t TRP-1 667144 8438954 60 -60 210 111 75 77 2 0.67 90 91 1 0.98 TRP-2 667102 8438980 60 -60 210 99 No significant intersection TRP-3
Slide 15: Annexure 1 – Drill Results (cont)
Annexure 1 – Drill Results (cont) TRP-18 667134 8438941 60 -60 210 48 16 18 2 1.15 32 36 4 6.56 TRP-19 666919 8438733 60 -60 28 100 39 40 1 0.41 TRP-20 666930 8438757 60 -60 30 100 No significant intersection TRP-21 667055 8438803 60 -60 30 100 No significant intersection TRP-22 667002 8438716 60 -6
Slide 16: Disclaimers and Disclosures
DISCLAIMERS AND DISCLOSURES Competent Persons Statement The information in this document that relates to exploration results is based on information compiled by Mr Richard Maddocks, a Competent Person who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Maddocks is an associate
Slide 17: James Allchurch, Managing Director
James Allchurch Managing Director +61 419 903 011
Mandrake Resources — Investor Presentation (July 2019) on 6ix