Magnetic Resources Nl · ASX:MAU
Magnetic Resources Nl — Investor Presentation (February 2019)
25 slides from Magnetic Resources Nl's investor presentation, Feb 18, 2019
Slide 1: Magnetic Resources – February 2019
magnetic resources" February 2019
Slide 2: Disclaimer
DISCLAIMER The information contained in this presentation has been prepared by Magnetic Resources NL (MAU). This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in MAU. This presentation has been
Slide 3: Company Overview
Company Overview Magnetic is listed on the Australian Stock Exchange (ASX Code: MAU). Capital Structure ASX:MAU Experienced Board Position Held Shares on issue 190,976,870 Options and contributing shares on issue 20,418,862 George Sakalidis Managing Director Fully diluted shares on issue 211,395,732
Slide 4: Leonora–Laverton Gold Projects
Leonora–Laverton Gold Projects Background ❑ The Leonora-Laverton district is well endowed with large world-class gold deposits having over 34Moz (mined plus resources), second to the Kalgoorlie region in WA. The company has 198km2 in the Laverton region and 180km2 in the Leonora Region. Most gold ta
Slide 5: Leonora–Laverton Gold Projects: Work Programmes
Leonora–Laverton Gold Projects Work Programmes complete and future programmes Tenement Surface sampling completed Drilling & ground magnetics completed Proposed exploration 599 soils 899 RAB holes for 5313m 493 laterites 26 RC holes for 1452m 45km Ground magnetics Mertondale 22 costeans 188km ground
Slide 6: Gold Mines, Faults, Ground Magnetics, Drillhole Max Gold, Aeromagnetics
Laverton Gold Mines, Faults, Ground Magnetics, Drillhole Max Gold, Aeromagnetics Slide 6 6
Slide 7: Wallaby Mine (7 Moz) Cross Section
Leonora–Laverton Gold Project Wallaby Mine (7 Moz) Cross Section Wallaby deposit characteristics: ❑ Magnetite-rich pipe ❑ Conglomerates/ Sediments ❑ Syenite intrusions ❑ Multiple Horizontal Lodes ❑ Major Faults in vicinity Source: www.goldfields.com/reports/annual_report_2015/minerals/reg-aus-smith-
Slide 8: Jupiter Mine (1.3Moz) Cross Section
Leonora–Laverton Gold Project Jupiter Mine (1.3Moz) Cross Section Jupiter deposit characteristics ❑ Magnetite-rich pipe ❑ Syenite intrusions ❑ Multiple Horizontal Lodes ❑ Major Faults in vicinity Source: https://daciangold.com.au/overview/jupiter/ Slide 8 8
Slide 9: Sunrise Dam Mine (10Moz) Cross Section
Leonora–Laverton Gold Project Sunrise Dam Mine (10Moz) Cross Section Sunrise Dam deposit characteristics: ❑ Magnetite-rich pipe ❑ Turbidite/Sediment Beds ❑ Syenite/Felsic Porphyry intrusions ❑ Multiple Horizontal Lodes ❑ Major Faults in vicinity Source: https://www.researchgate.net/figure/A-composit
Slide 10: Laverton — Hawks Nest Project
Laverton — Hawks Nest Project For all of Hawks Nest E38/3127: ❑ Extensive RC drilling (198 holes for 10,318m) and RAB drilling (141 holes for 1,205m), and 3,721 soil samples has been completed at HN2-6 & 9. At Hawks Nest 9 (HN9): ❑ MAU have compiled drilling results for 21 RC holes for 780m and 43 R
Slide 11: Hawks Nest 9, soil sampling and planned RC programme
Laverton — Hawks Nest Project Hawks Nest 9, soil sampling and planned RC programme ❑ A 2km long gold target has a 1.5km drilled central sheared corridor has 102 holes drilled with 71 intersections >0.5g/t Au of which 32 are >1g/t Au and 12 > 2g/t. All Mineralisation is very shallow less than 40m and
Slide 12: Hawks Nest Geology, Soil Sampling completed and planned
Laverton — Hawks Nest Project Hawks Nest 9 Geology, Soil Sampling completed and planned ❑ A 2km long Au and multielement soil anomaly identified with 30 values above 100ppb. Maximum width of 150m with 5 samples 50m apart averaging 0.7g/t. The anomaly is open to the north and south. ❑ Associated with
Slide 13: Hawks Nest Aeromagnetics, soil sampling completed and planned
Laverton — Hawks Nest Project Hawks Nest 9 Aeromagnetics, soil sampling completed and planned ❑ Workings and anomalous soil geochemistry along edges of magnetic or mafic zones. Non magnetic zones are associated with porphyries. ❑ Detailed 50m spaced ground magnetics in- progress to allow better defi
Slide 14: Hawks Nest
Laverton — Hawks Nest Project Hawks Nest 5 ❑ Flat south dipping quartz veins and anomalous gold zones present at HN5. ❑ 28 RC for 991m and 14 RAB holes for 233m completed adjacent to and along strike from hole MHNRC48 which intersected 7m @ 4.5g/t Au from 5m in a quartz-veined black shale unit intru
Slide 15: Hawks Nest completed RC/RAB and proposed RC drilling programme
Laverton — Hawks Nest Project Hawks Nest 5 completed RC/RAB and proposed RC drilling programme ❑ 28 RC for 991m and RAB holes for 233m completed adjacent to and along strike from hole MHNRC48 which intersected 7m @ 4.5g/t Au from 5m in a quartz-veined black shale unit intruded by porphyry. ❑ Numerou
Slide 16: Laverton — Mt Jumbo East Project
Laverton — Mt Jumbo East Project ❑ 11km2 of tenements called Mt Jumbo East (P38/4317– 4324) only 5km north of the 7Moz Wallaby deposit. ❑ Significant shallow historical drill intersections at the No Name prospect include 6m @ 5.8g/t Au from 10m in drillhole MJC09 in quartz veined and sulphidic BIF.
Slide 17: Mt Jumbo East Project: RC Drilling
Laverton — Mt Jumbo East Project RC Drilling Slide 17 17
Slide 18: Leonora — Mertondale Project, Christmas Well
Leonora — Mertondale Project, Christmas Well Location ❑ 183km2 in the Mertondale region. ❑ Numerous dilation targets at changes in orientation of the Mertondale Shear Zone and parallel shears. ❑ 20km NW of the Cardinia Gold Project (193,000oz) and only 5km west of the Mertondale Deposit (395,000oz).
Slide 19: Leonora — Christmas Well Project
Leonora — Christmas Well Project RAB drilling below Triumvirate workings and a follow up 10 RC programme. Slide 19 19
Slide 20: Mertondale Project: Large Gold Nuggets
Leonora — Mertondale Project Large Gold Nuggets ❑ In the northern part of the Mertondale tenement more than 70oz of gold nuggets have been located to date. ❑ Nuggets are reported at shallow depths within a lateritic profile. ❑ Two largest nuggets at 11.5oz and 21oz. The 21oz nugget (10cm) reported i
Slide 21: Mertondale Project: Gold in ironstones at Nugget Patch
Leonora — Mertondale Project Gold in ironstones at Nugget Patch ❑ 5m x 150m north-trending secondary ironstone delineated by prospectors 100m east of the original nugget discovery. About 40 nugget locations have been recorded by prospectors along ironstones, with nugget sizes reported to range from
Slide 22: Homeward Bound South
Homeward Bound South Planned Soil Geochemistry ❑ The 14km2 tenements comprise granted prospecting licence eight prospecting licences P39/5455,P39/5928-5929, P39/5931-5934, and P37/9144 covering a 5km strike length of the Federation Shear Zone situated 40km east of Leonora. ❑ Significantly, a line of
Slide 23: Birthday Patch Project
Birthday Patch Project Planned Soil Geochemistry ❑ In January 2018 Magnetic Resources entered into an option to purchase agreement with prospector Lynsay Masters on the Birthday Patch prospect comprising tenements E53/1978, P53/1627(granted) and P53/1628 (granted) totalling 37km 2, 123km east of Wil
Slide 24: Iron Ore Projects
IRON ORE PROJECTS Purchase Agreement with Northam Iron Pty Ltd ❑ Magnetic Resources still maintains an interest in potentially economic iron ore deposits and mainly focused on Mt Joy and Kauring. ❑ A Purchase agreement was signed during the year with Northam Iron Pty Ltd. ❑ Following a 3-month due d
Slide 25: Magnetic Resources provides a unique opportunity to invest in an emerging gold market
Magnetic Resources provides a unique opportunity to invest in an emerging gold market within the world class Leonora-Laverton regions. Active programmes are in progress with HN9 shaping up as a large 2km gold system with extensive drilling programmes in place. Oher follow up drilling is focussed on
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