Marmota Limited · ASX:MEU
Marmota — Shareholder Meeting (November 2019)
28 slides from Marmota's shareholder meeting presentation, Nov 27, 2019
Slide 1: AGM 2019 Chairman's Presentation
For personal use only AGM 2019 Chairman’s Presentation ASX: MEU 27 November 2019
Slide 2: Corporate Snapshot
Corporate Snapshot ASX: MEU For personal use only Capital Structure Largest Shareholders Shares on issue 735 m Options 0 Dr Colin Rose Unlisted options 6m Southern Cross Capital Market Cap (at 2.4 cents per share) ~ $ 17 m J Rose Cash (as at 30 Sept 2019) $ 961,000 Yandal Investments (Mark Creasy) Z
Slide 3: Share Price
Share Price ASX: MEU For personal use only 1 year MEU plot 5 year MEU plot 19 Sept 2019: Phase 1 Drill Results (1m splits) 31 July 2019: 10 Oct 2019: Phase 1 Drill Results Column Leach (4m composites) Test Results 3
Slide 4: Aurora Tank Gold Discovery, Gawler Craton
Aurora Tank For personal use only Gawler Craton Aurora Tank Gold Discovery AGM UPDATE
Slide 5: Summary: Year in Brief
Summary For personal use only Year in Brief 5
Slide 6: Best ever gold intersections over 1m
Summary For personal use only Best ever gold intersections over 1m (not once – but twice) 6
Slide 7: Best gold intersections (g/t)
First: For personal use only 10 105 g/t Prev best: 10 93 g/t Then: 120 g/t 10 7
Slide 8: New NW Flank identified
Summary For personal use only New NW Flank identified 8
Slide 9: New NW Flank
For personal use only Flank New10NW 9
Slide 10: Schematic Long-section through new NW flank
For personal use only Schematic Long-section through new NW flank 10
Slide 11: The Year of the Tree Leaf
Summary For personal use only The Year of the Tree Leaf Tree leaves yield new gold discoveries 11
Slide 12: Marmota's Second Discovery using Tree Leaves
Marmota’s Second Discovery For personal use only using Tree Leaves Sept 2019: New Discovery Hole 450m from known mineralisation 4m @ 7.2 g/t from 45m (EOH at 50m) 12
Slide 13: Marmota's innovation receives International recognition
Marmota’s innovation receives International recognition For personal use only Marmota’s R&D biogeochemical program and exploration success featured on cover stories in The Economist and New Scientist 13
Slide 14: Aurora Tank featured in RSC Top Drill Intersections
Aurora Tank featured in RSC Top Drill Intersections For personal use only Aurora Tank featured in: Top Drill Intersections per State – Australia ( RSC May 2019 ) 14
Slide 15: Aurora Tank Gold Discovery 100% owned
Aurora Tank GOLD DISCOVERY 100% owned • Aurora Tank is situated 50km NE of the Challenger gold mine • Now more than 200 intersections greater than 1g/t gold, all close to the surface, including: For personal use only 15
Slide 16: Metallurgy: Excellent Column Leach Test Results
Summary For personal use only Metallurgy Excellent Column Leach Test Results Low-cost Low-capex Heap Leach Pathway 16
Slide 17: Metallurgy: Low-cost Low-capex Heap Leach Pathway
Metallurgy: Low-cost Low-capex Heap Leach Pathway • Oct 2019: Column leach tests yield excellent gold recoveries For personal use only 17
Slide 18: Low-cost Low-capex Heap Leach Pathway
Low-cost Low-capex Heap Leach Pathway For personal use only “ A heap leach would mean that Marmota would not need to construct a mill, nor share revenue with external parties for toll treatment in a mill. This is a highly desirable outcome for both the Company and our shareholders. ” 18
Slide 19: Aurora Tank First Visible Gold From Diamond Core
For personal use only Aurora Tank First Visible Gold From Diamond Core 19
Slide 20: MEU Tenements around Challenger
MEU Tenements around Challenger For personal use only
Slide 21: What's Next?
Aurora Tank For personal use only Gawler Craton What’s Next? AGM UPDATE
Slide 22: Capital: SPP with Bonus JMEI Tax Credits
CAPITAL For personal use only SPP (Share Purchase Plan) with Bonus JMEI Tax Credits • First time bonus JMEI Tax Credits offered to ordinary shareholders • Seeing very strong support • Already over-subscribed • Closes Friday 5pm ( funds must be received ) 22
Slide 23: Phase 2 of 2019 Drilling, Aurora Tank
PHASE 2 of 2019 Drilling For personal use only Aurora Tank Phase 2 Drilling About to commence • Multiple targets • Team departed Adelaide this morning for Aurora Tank • Drillers on the way • Will be our largest RC drilling program so far 23
Slide 24: Planned RC Holes (Goshawk Zone)
PHASE 2 Planned For personal use only RC Holes (Goshawk Zone)
Slide 25: Planned RC Holes, New Two Fingers Zone
PHASE 2 Planned For personal use only RC Holes New Two Fingers Zone
Slide 26: Marmota as a company is evolving
Marmota as a company is evolving … For personal use only Transitioning from: Discovery Production • Potential Low-cost Low-capex open-pittable pathway via heap leaching • Just appointed Shane Barker: Executive Director (Production) 26
Slide 27: Introducing Shane Barker, Executive Director: Production
Next For personal use only My pleasure to introduce to shareholders ... Shane Barker Executive Director: Production Shane was Principal Metallurgist and Manager of the Processing Team at the highly successful gold heap leach at White Dam. Shane will now be providing shareholders with a brief ‘intro’
Slide 28: Disclaimer
Disclaimer Disclaimer This presentation has been prepared by Marmota Limited (“MEU”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain For personal use only information in this document has been derived from third parties and though ME