Slide 1: 2020 Investor Presentation: Wabag Project
2020 INVESTOR PRESENTATION September 2020 ASX: GMN Gold Mountain Limited's Wabag Project Targeting Multiple Copper-Gold Porphyry Opportunities in PNG Gold Mountain Limited (ASX:GMN)
Slide 2: Company overview
Company overview Gold Mountain Limited (ASX: GMN) is an Australian, publicly listed company exploring for world class, porphyry copper-gold-molybdenum deposits in the highly prospective Papuan Mobile Belt (PMB) in Papua New Guinea. GMN’s flagship Wabag Project has three priority targets all of which
Slide 3: Investment highlights
Investment highlights ▪ Wabag Project located within the world-renowned copper/gold province in the PMB in Papua New Guinea. ▪ +2,500 km2 footprint within prolific PMB, 70 km from the Porgera gold mine and within a cluster of other major mineral deposits ▪ Highly experienced and dedicated management
Slide 4: Corporate overview
Corporate overview (at August 31, 2020) Financial Information ASX Ticker GMN Shares on Issue ~680M Share Price $0.045 Market Capitalisation ~$31M Cash & Investments (at 30 June 2020) ~$1.3M Debt (at 30 June 2020) Nil Major Shareholders Top 20 Shareholders ~54% Board and Management ~16% Share Price P
Slide 5: Experienced and invested Board
Experienced and invested Board ▪ Experienced team with significant experience in mining and processing industries ▪ Broad spectrum of disciplines ▪ Outcomes focused, with “skin in the game” Sin Pyng (Tony) Teng Syed Hizam Managing Director Non-Executive Director ▪ 30 years of experience in managemen
Slide 6: Highly experienced management and technical team
Highly experienced Pat Smith management and Exploration Manager ▪ Over 25 years of industry experience. technical team ▪ Worked throughout PNG and the Solomon Islands, primarily on epithermal gold and porphyry Cu-Au systems. ▪ Tier-1 Executive Management and Project Development ▪ Strong technical ca
Slide 7: Rising copper price and looming copper supply deficit
Rising copper price and looming copper supply deficit ▪ Strong copper price recovery following price lows at the peak of COVID-19 in April 2020. ▪ An anticipated shortfall in global copper supply is expected to emerge from 2024. ▪ As the rate of growth in supply decreases relative to demand, prices
Slide 8: Strong Copper Demand
Strong Copper Demand ▪ Positive long-term view of copper due to low inventories and lack of new copper discoveries and developments of scale. ▪ Research suggests that copper demand for EV’s and battery technology could rise by 900% in the next decade. ▪ EV’s can use up to 3.5 times as much Copper De
Slide 9: PNG's Papuan Mobile Belt located in a world-renowned mining jurisdiction
PNG’s Papuan Mobile Belt located in PNG Copper Gold Projects (several being porphyry deposits) a World-renowned mining jurisdiction ▪ Prime location in the Papuan Mobile Belt which is host to many world-class porphyry copper-gold and gold deposits including Grasberg (88 Moz), Porgera (24 Moz), Ok Te
Slide 10: Key discoveries in Papuan Mobile Belt
Key discoveries in Papuan Mobile Belt1 The largest gold mine and the second largest copper mine in the world. Main Grasberg owner is Freeport. Original deposit 117 Moz gold, 42 Mt copper, in ground gross value of US$416 billion. Average grades 1.3% Cu, and 0.5 g/t Au In production, Ok Tedi Mining op
Slide 11: Target 1 – Monoyal porphyry model
Target 1 – Monoyal porphyry model ▪ Porphyry copper-gold deposits form in a large body of molten rock of granitic composition, that has been fractured on a fine scale and impregnated with disseminated sulphide mineralisation, often containing copper, gold and other minerals ▪ The preliminary review
Slide 12: Geological lineament
White et al 2014 Geological lineament ▪ Many world-class mines in PNG are positioned on or near large North East trending structural lineaments (thick black lines in image on right, White et al, 2014). ▪ These lineaments are widely believed to focus heat, intrusives and fluid flow, significantly inc
Slide 13: An attractive destination for mining investments
An attractive destination for mining investments Initial review shows the Wabag Project is well placed to capitalise on existing and planned infrastructure developments and a strong mining labour force. ▪ The Port of Lae, which is a major port in PNG, and is currently used by Hidden Valley to ship c
Slide 14: Wabag project tenements
GMN’s Wabag Project - Tenement Licences Wabag project tenements ▪ GMN acquired the Wabag Project in 2014 and has expanded the land holdings to 2,776 km2, contained within ten Exploration Licences (ELs) ▪ Before being acquired by GMN, these licences and surrounding areas were under application by BHP
Slide 15: Gold Mountain's exploration & appraisal strategy
Gold Mountain’s exploration & appraisal strategy ▪ GMN has identified three highly perspective targets with Monoyal being the most advanced ▪ Monoyal three stage plan implemented by GMN's management team 1. Stage 1 – Preliminary Assessment (2019 – H1 2020) 2. Stage 2 – Exploration / Appraisal Drilli
Slide 16: Target 1 - Monoyal's current progress and planned work
Monoyal Trenching Target 1 - Monoyal’s current progress and planned work Intercepts from drilling programme2 ▪ MCD006 - 0.66% Cu, 68 ppm Mo, 0.26 g/t Au and 7m @ 0.20% Cu, 12ppm Mo and 0.087 g/t Au (Inc: 2m @ 0.4% Cu, 12ppm Mo and 0.08 g/t Au and 0.66% Cu, 68 ppm Mo, 0.26 g/t Au and 5.5 g/t Ag was r
Slide 17: Target 1 – Monoyal's current progress and planned work (continued)
Monoyal Drill Photos Target 1 – Monoyal’s current progress and planned work (continued) ▪ The mineralisation observed in the holes occurs mainly in fractures, and is seen in all 5 holes drilled at Monoyal ▪ The drilling at Monoyal has covered an area of 600m by 400m and this area is all underlain by
Slide 18: Target 1 – Monoyal's current progress and planned work (continued)
Target 1 – Monoyal’s current progress and planned work (continued) Systematic Reconnaissance Completed to May 2020 ▪ Rock Chip and Stream Sediment Sampling – 2016 / 2017 ▪ Grid based minus 80 Mesh soil sampling - November 2018 to May 2019 ▪ Geological mapping and ongoing soil sampling ▪ Trench sampl
Slide 19: Target 1 – Monoyal's current progress and planned work (continued)
Target 1 – Monoyal’s current progress and planned work (continued) ▪ Commence Phase 2 drilling programme with holes MCPR001 and MCPR002 in late October3 ▪ Reconnaissance of Lombokai Creek (a recently identified prospect located north of Monoyal) ▪ Located on the contact between the Monoyal intrusive
Slide 20: Target 2 - Mt Wipi's current progress and planned work
Target 2 - Mt Wipi’s current progress and planned work ▪ Mt Wipi tenement (EL2632) was granted to GMN on August 14th 2020 ▪ Tenement is located on the same structural trend which hosts the Monoyal and Sak Creek targets. ▪ Reports of alluvial gold found in the rivers and outcropping copper mineralisa
Slide 21: Target 2 - Mt Wipi's current progress and planned work (continued)
Target 2 - Mt Wipi’s current progress and planned work (continued) ▪ GMN have collected 16 outcrop rock chip samples and 12 float samples from Mt Wipi ▪ Assay results include4: ▪ Outcrops - Copper values to 9.17% Cu, Gold values to 1.96 g/t Au, Silver values to 84.6 g/t Ag ▪ Float Samples - Copper v
Slide 22: Target 2 - Mt Wipi's current progress and planned work (continued)
Outcrop Sample: 9.17% Cu and 1.03 g/t Au Target 2 - Mt Wipi’s current progress and planned work (continued) Planned Exploration ▪ Geological mapping, soil and trench programmes and detailed rock chip sampling campaign Outcrop Sample 9#: 3.73 % Cu, ▪ Further interpretation of recently acquired Airbor
Slide 23: Target 3 - Sak Creek's current progress and planned work
Sak Creek copper Target 3 - Sak Creek’s in soil anomaly current progress and planned work ▪ Sak Creek Prospect located within EL1966 (70% owned by GMN) ▪ Large copper in soil anomaly – covers an area which is 800m long by 500m wide area ▪ Alteration characteristics of typical porphyry deposits ▪ Hig
Slide 24: Target 3 - Sak Creek's current progress and planned work (continued)
Target 3 - Sak Creek’s current progress and planned work (continued) ▪ Grid based soil sampling programme identified distinct soil anomaly ▪ Sak Creek anomaly similar orientation to Monoyal (Sampling & mapping well advanced and ongoing) ▪ Interpretation ongoing with the recently obtained Fugro airbo
Slide 25: Community and government engagement
Monoyal Community Awareness Meeting Community and government engagement ▪ From the start of exploration work, GMN has invested in building strong relationships with local communities ▪ GMN maintains an open dialogue with surrounding tribes and actively works to inform communities about activities ▪
Slide 26: Wabag project: life cycle of three targets
Wabag project: life cycle of three targets ▪ Three targets with high potential of becoming discoveries ▪ All targets situated within separate tenements, allowing GMN to market the projects collectively or independently ▪ Value of Monoyal could potentially be realised in early 2021, followed by Mt Wi
Slide 27: Gold Mountain's 2020-2021 Monoyal drill programme
Gold Mountain’s 2020-2021 Monoyal drill programme Monoyal Drill Programme Monoyal Drill Programme Cross Section 27 Gold Mountain Limited (ASX:GMN)
Slide 28: Gold Mountain Limited's Vision
Gold Mountain Limited’s Vision The Opportunity The Team ▪ 2,776 km2 tenure in “Elephant ▪ Significantly experienced Country” management and technical team ▪ Three identified targets ▪ Priority spending on exploration ▪ Convert targets into discovers ▪ Structure business to maximize with targeted exp
Slide 29: Contact information
Contact information For more information, please contact Gold Mountain Limited (ASX: GMN): Tim Cameron CEO +61 448 405 860 tim.cameron@goldmountainltd.com.au info@goldmountainltd.com.au www.goldmountainltd.com.au 29 Gold Mountain Limited (ASX:GMN)