Metal Hawk Ltd. · ASX:MHK
Metal Hawk — Paydirt Australian Nickel Conference 2022
19 slides from Metal Hawk's conference presentation, Oct 5, 2022
Slide 1: Paydirt Australian Nickel Conference Investor Presentation
Paydirt Australian Nickel Conference Investor Presentation October 2022 ASX : MHK
Slide 2: Disclaimer
Disclaimer Summary information This Presentation has been prepared by Metal Hawk Ltd (Metal Hawk). This document contains background information about Metal Hawk current at the date of this presentation. The presentation is in summary form and does not purport be all inclusive or complete, it does N
Slide 3: Focused on early-stage discovery of nickel and gold in Western Australia
Metal Hawk is focused on early-stage discovery of nickel and gold in Western Australia ➢ Active exploration across multiple projects ➢ Strong pipeline of activity ➢ Recent high-grade nickel and gold discoveries ASX : MHK
Slide 4: Nickel and Gold in Western Australia
NICKEL AND GOLD IN WSA JV WESTERN AUSTRALIA ➢ Projects located in Goldfields and Albany-Fraser regions ➢ Discovery potential for nickel sulphide and high-grade gold ➢ Up to $9.75 million JV expenditure committed – IGO Limited (IGO) and Falcon Metals Limited (FAL) CHN JV WSA JV
Slide 5: Company Profile
COMPANY PROFILE ASX : MHK CAPITAL STRUCTURE MAJOR SHAREHOLDERS MHK Shares on issue* 64,235,400 IGO Limited 5.4% Options on issue** 20,675,000 Lotaka Pty Ltd 4.9% Cash at bank $2.3m D Pennock* 4.5% Newexco Group* 4.0% Market Cap @ 18c (undiluted) $11.5m D Van der Walt 4.0% Enterprise Value $9.2m * 6,
Slide 6: Eastern Goldfields Projects
EASTERN GOLDFIELDS PROJECTS ✓ Underexplored nickel and gold opportunities close to Kalgoorlie ✓ Active programs across 3 projects ✓ High-grade discoveries of nickel sulphide and gold at Berehaven ✓ IGO funding significant exploration programs at Kanowna East and Emu Lake 12 6
Slide 7: The Berehaven Project
THE BEREHAVEN PROJECT ➢ Consolidated tenure (>90km2 ) north of Blair Nickel Mine ➢ 10km strike potential of untested fertile ultramafic rocks ➢ Nickel sulphide discovery at Commodore validates geology model and project potential - 1m @ 5.9% Ni from 144m - 3.4m @ 2.3% Ni from 203.8m - 2.6m @ 2.8% Ni
Slide 8: The Berehaven Project - New Geology Model
STRATEGIC PARTNERS SECURED THE BEREHAVEN PROJECT - NEW GEOLOGY MODEL ➢ Previous geology interpretation - no ultramafic at Commodore ➢ Multiple untested NNW trending target trends target zones over 10km of strike ➢ Extensive drilling and geophysics underway to unlock nickel sulphide potential BLAIR N
Slide 9: Commodore Discovery High Grade Nickel and Gold
COMMODORE DISCOVERY HIGH GRADE NICKEL AND GOLD ➢ Nickel sulphide discovered in second RC hole at Commodore (September 21) BVNC002 – 1m @ 5.9% Ni ➢ Maiden diamond hole intersects nickel sulphide and high-grade gold (Feb 22) BVD001 - 3.4m @ 2.3% Ni and - 5.9m @ 6.7g/t Au Including 0.5m @ 22g/t Au Resu
Slide 10: Commodore – Long Section
COMMODORE – Long Section DIAMOND DRILLING RESULTS - CONTINUITY OF GOLD ZONE ➢ Majority of diamond holes drilled intersected significant gold mineralisation: BVD001 - 5.9m @ 6.7g/t Au BVD007 - 2.5m @ 7.4g/t Au BVNCD002 - 1.4m @ 4.1g/t Au BVNCD004 - 0.6m @ 3.7g/t Au BVNCD005 - 0.5m @ 1.6g/t Au 10 10 R
Slide 11: Advanced Nickel Sulphide Targets
ADVANCED NICKEL SULPHIDE TARGETS STRATEGIC PARTNERS SECURED ➢ Drilling confirms extension of fertile Commodore Ultramafic ➢ RC drilling intersects thick zones of ultramafic at Torana (1.5km north of Commodore) ➢ Zones of disseminated nickel sulphide drilled at Torana and Commodore South ➢ New DHEM c
Slide 12: Torana New DHEM Target
TORANA NEW DHEM TARGET ➢ Late-time off-hole DHEM plate identified ➢ 200m down-dip from zone of disseminated nickel sulphide, open along strike ➢ Planning for diamond drilling underway 12 Results reported MHK ASX announcement dated 30 May 2022, 1 Jun 2022, 28 Jul 2022, 16 Aug 2022
Slide 13: IGO Limited Joint Venture (IGO earning 75%)
IGO Limited Joint Venture (IGO earning 75%) ➢$7.0m spend across three projects ➢MHK free carried (25%) to Decision-to-Mine ➢Current focus on Goldfields Projects, Kanowna East and Emu Lake DIAMOND DRILLING - KANOWNA EAST, MARCH 2022 13
Slide 14: Kanowna East – Nickel (IGO JV)
Kanowna East – Nickel (IGO JV) UNTESTED FERTILE ULTRAMAFICS ➢Targeting Kambalda-style komatiite- hosted massive nickel sulphides ➢12km south and along strike of the world-class Silver Swan deposit ➢Maiden diamond drillhole intersects high-MgO ultramafic unit with visible nickel sulphides over >200m
Slide 15: Kanowna East – Gold (MHK 100%)
Kanowna East – Gold (MHK 100%) WESTERN TIGER - 8m @ 4.53g/t Au from 75m - 6m @ 1.54g/t Au from 54m - 5m @ 1.95g/t Au from 70m GOLD TARGETS IDENTIFIED ➢ Underexplored gold opportunity < 8km from Kanowna Belle ➢ Broad zones of gold mineralisation at the Little Lake and Western Tiger prospects ➢ High g
Slide 16: Norseman Gold Projects
Norseman Gold Projects VIKING GOLD PROJECT ➢Large gold system discovered in 2011 ➢Falcon to fund aggressive exploration and may earn a 70% interest by spending $2.75m over 4.5 years ➢RC drilling underway NORSEMAN EAST PROJECT ➢Underexplored tenure, potential for high grade gold and PGE mineralisatio
Slide 17: Fraser South Project (Ni-Cu, REE) – IGO JV
Fraser South Project (Ni-Cu, REE) – IGO JV ➢Significant belt-scale opportunity with consolidated tenure (> 980km2) ➢Structural extension of Albany-Fraser Belt ➢Targeting Ni-Cu sulphides under cover ➢Additional potential for clay-hosted REE ➢MHK 75% interest free-carried to DTM ➢Heritage Agreement an
Slide 18: Investment Summary
INVESTMENT SUMMARY LEVERAGED TO EXPLORATION SUCCESS ✓Underexplored Nickel and Gold projects in WA ✓Recent high-grade discoveries of nickel and gold ✓Strong pipeline of activity across multiple projects ✓Substantial Earn-In and JV agreements (IGO and FAL) ✓Tightly held with ~64m shares on issue ✓$11.
Slide 19: www.metalhawk.com.au
www.metalhawk.com.au
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