Marvel Gold Ltd · ASX:MVL

Marvel Gold — Investor Presentation (February 2022)

21 slides from Marvel Gold's investor presentation, Feb 23, 2022

  1. Slide 1: Corporate Presentation February 2022

    For personal use only Corporate Presentation February 2022 ASX: MVL

  2. Slide 2: Disclaimer

    DISCLAIMER For personal use only This presentation (Presentation) has been prepared by Marvel Gold Limited (Marvel). No party other than Marvel has authorised or caused the Tabakorole Mineral Resources Estimate issue of this document, or takes responsibility for, or makes any statements, representat

  3. Slide 3: Striving to Be a Pure Gold Company

    STRIVING TO BE A PURE GOLD COMPANY For personal use only ASSESSING OPTIONS ON ~$23M LISTED INVESTMENT Large resource Excellent metallurgy Expected low strip ratio +1Moz with incremental growth Average recoveries of 97% Mineralisation from surface, opportunities1 indicate simple, processing route2 co

  4. Slide 4: Corporate Overview

    CORPORATE OVERVIEW For personal use only SIGNIFICANT LISTED INVESTMENT, LOW GOLD ENTERPRISE VALUE Chris van Wijk Managing Director CAPITAL STRUCTURE Mr. van Wijk is an experienced geologist who specialises in project evaluation and project generation. Chris has undertaken project evaluation for majo

  5. Slide 5: Valuation Upside as Resource Continues to Grow

    VALUATION UPSIDE AS RESOURCE CONTINUES TO GROW For personal use only TRADING AT A SIGNIFICANT DISCOUNT TO GOLD PEERS 75 $62 $61 EV / Resource Ounce (A$/Oz) 50 $48 25 $8 0 Oklo Chesser Cora Gold Marvel Gold Resources Resources (AIM:CORA) (ASX:MVL) (ASX:OKU) (ASX:CHZ) See Appendix 3 for further inform

  6. Slide 6: Project Location

    PROJECT LOCATION For personal use only STRATEGICALLY POSITIONED IN SOUTHERN MALI EXCELLENT PROJECT ACCESS • Projects accessed via 170km sealed road from Bamako to Bougouni • Each project located ~60km from Bougouni on unsealed roads • Bougouni is a major regional centre with grid power and airstrip

  7. Slide 7: Tabakorole Location

    TABAKOROLE LOCATION For personal use only LOCATED NEAR THE BANNIFIN SHEAR ZONE IN SOUTHERN MALI TABAKOROLE GEOLOGY • Large splay off the Bannifin Shear Zone (similar to the 7.5 Moz Morila mine) • Deposit hosted in volcaniclastic sediments and mafic rocks • Near‐deposit soil geochemistry completed –

  8. Slide 8: Tabakorole Exploration Potential

    TABAKOROLE EXPLORATION POTENTIAL For personal use only STRATEGIC LANDHOLDING IN AN UNDEREXPLORED STRUCTURAL CORRIDOR GROWING A STRATEGIC LANDHOLDING • +800km2 acquired over 12 months via JVs / purchase • Discussions ongoing with licence holders in prospective, underexplored corridor REGIONAL EXPLORA

  9. Slide 9: Tabakorole Exploration Potential: A Strong Pipeline of Targets

    TABAKOROLE EXPLORATION POTENTIAL For personal use only A STRONG PIPELINE OF TARGETS REGIONAL GOLD MINERALISATION PROVIDES PROOF OF ENDOWMENT • T1 target includes 14m at 9.8 g/t gold1 • 2021 AC drilling hit 4m at 2.7 g/t gold2 (ending in mineralization) at Lone Wolf • Gold mineralization north of Ast

  10. Slide 10: Exciting Results at Lone Wolf and Target H

    TABAKOROLE EXPLORATION POTENTIAL For personal use only EXCITING RESULTS AT LONE WOLF AND TARGET H 1. ASX announcements 17 June 2020, 29 June 2021, 8 July 2021 and 5 October 2021 MARVEL GOLD • ASX:MVL 10

  11. Slide 11: 2021 Tabakorole Resource

    2021 TABAKOROLE RESOURCE For personal use only PARALLEL LODES ENHANCE OPEN‐PIT MINING POTENTIAL SUBSTANTIAL BASELOAD • 1.025Moz and growing SHALLOW • 70% (715koz) within 150m of surface LOW STRIP RATIO EXPECTED • Mineralisation from surface, consistent thicknesses • New shallow, higher‐grade paralle

  12. Slide 12: Tabakorole North-West

    TABAKOROLE NORTH-WEST For personal use only PARALLEL ZONE REMAINS OPEN • Newly discovered zone potentially up to 800m long • Aircore drilling ongoing currently to define position along strike 1. ASX announcement 16 August 2021. MARVEL GOLD • ASX:MVL 12

  13. Slide 13: Tabakorole 2021 JORC Resource

    TABAKOROLE 2021 JORC RESOURCE For personal use only +1MOZ FROM SURFACE AND CONSISTENT ALONG STRIKE Indicated Inferred Total Category Tonnage (Mt) Au Grade (g/t) Au Metal (koz) Tonnage (Mt) Au Grade (g/t) Au Metal (koz) Tonnage (Mt) Au Grade (g/t) Au Metal (koz) Oxide 1.4 1.2 50 1.3 1.3 55 2.7 1.3 11

  14. Slide 14: Excellent Metallurgy

    EXCELLENT METALLURGY For personal use only HIGH RECOVERIES FROM FRESH ROCK SAMPLES INDICATE SIMPLE PROCESSING • Bottle roll testwork on 4 fresh ore composite samples confirm GRIND GOLD CONSUMPTION non-refractory metallurgical characteristics SAMPLE ID SIZE LEACH CALCULATED NaCN LIME (µm) RESIDUE (g/

  15. Slide 15: Our CSR Commitment

    OUR CSR COMMITMENT For personal use only COMMUNITY ENGAGEMENT AHEAD OF PLANNED 2022 PROJECTS Marvel’s priority is to add value to the society and communities in which we operate Marvel believes that environmental stewardship and social responsibility is integral to the success of its business We str

  16. Slide 16: Why Invest?

    WHY INVEST? For personal use only MARVEL REPRESENTS AN OUTSTANDING VALUE INVESTMENT Exposure to an emerging West African gold story and a world‐class graphite investment WEST AFRICAN GOLD 1 million ounces and growing1 Expansive drill program nearing completion – results to come WORLD-CLASS GRAPHITE

  17. Slide 17: Appendices

    For personal use only APPENDICES

  18. Slide 18: Appendix 1: Marvel's 31% Shareholding in EV1

    APPENDIX 1: MARVEL’S 31% For personal use only SHAREHOLDING IN EV1 BACKED BY LEADING ESG FUND, ARCH SRF Fully permitted for construction Granted Mining Licence and Environmental Approvals Robust, deliverable DFS A$21M spent to date Globally significant product quality Flake size + performance in val

  19. Slide 19: Appendix – Marvel Joint Ventures

    APPENDIX 2 – MARVEL JOINT VENTURES For personal use only SUMMARY OF TERMS JV Counterparty Altus Strategies Oklo Resources Tabakorole (100km2), Npanyala, Sirakoroble Projects Tabakorole (200km2), Yanfolila and Kolondieba Sud Drill 1,500m and publish JORC resource for Stage 1 33% (completed) Drill 2,5

  20. Slide 20: Detailed Gold Peer Comparison Analysis and References

    APPENDIX 3 For personal use only DETAILED GOLD PEER COMPARISON ANALYSIS AND REFERENCES Company Name Marvel Gold1 Oklo Resources Cora Gold Chesser Resources Ticker MVL OKU CORA CHZ Market cap (A$M) 22/02/2022 31 47.5 46.5 52 Cash (31/12/2021) 3 5.8 8 5.4 Listed investments 23 0.5 ‐ ‐ Enterprise value

  21. Slide 21: For personal use only

    For personal use only Level 1, Emerald House, 1202 Hay Street Telephone: +61 8 9200 4960 West Perth WA 6005 Australia Facsimile: +61 8 9200 4961 Email: info@marvelgold.com.au

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