Prodigy Gold Nl · ASX:PRX
Prodigy Gold Nl — Gladiator Resources — Investor Presentation (March 2018)
42 slides from Prodigy Gold Nl's investor presentation, Mar 7, 2018
Slide 1: North Arunta JV Presentation – Gladiator Resources
ASX ANNOUNCEMENT / MEDIA RELEASE ASX:ABU 8 March 2018 North Arunta JV Presentation – Gladiator Resources ABM Resources NL (ABM) is pleased to provide a copy of a presentation for the North Arunta Project released to the ASX by Thunderbird Metals and Gladiator Resources Ltd. The presentation illustra
Slide 2: The North Arunta Project, NT: A Unique Opportunity to Unlock a Major New Gold Belt
The North Arunta Project, NT: A Unique Opportunity to Unlock a Major New Gold Belt INVESTOR PRESENTATION 7 MARCH 2018
Slide 3: Disclaimer/Forward Looking Statements
Disclaimer/Forward Looking Statements This presentation by Gladiator Resources Limited (“Gladiator”, “GLA” or “Company”) contains certain statements which constitute "forward-looking statements“. These statements include, without limitation, estimates of future capital expenditure; statements regard
Slide 4: Historic Exploration Results & JORC Cautionary Statements
Historic Exploration Results & JORC Cautionary Statements All previous exploration work on the project is considered preliminary in nature. It is not known whether future work will be sufficient to generate a JORC (2012) compliant resource. Exploration results reported herein are historic (pre-2013)
Slide 5: North Arunta Project. Quick Facts
North Arunta Project. Quick Facts Gladiator earning 70% by spending $6.5M over 4.5 years 1 Highly prospective, belt-scale (c. 4,500km2) package of granted tenements and tenement applications in Australia’s Northern Territory Underexplored and remote yet close to and partly overlapping the main centr
Slide 6: North Arunta Project. Tenement Portfolio
North Arunta Project. Tenement Portfolio1 Current ownership: All tenements are wholly (100%) owned by ABM Resources NL with GLA earning earning up to 70% by spending $6.5M over 4.5 years 2 * Note regarding EL30422: GLA and Thunderbird have withdrawn their interest in EL30422, which is deemed less pr
Slide 7: Board
Board. Andrew Draffin Mr Draffin is a director of the accounting firm DW Accounting & Advisory Pty Ltd. He holds a Non-Executive Director Bachelor of Commerce and is a member of the Institute of Chartered Accountants in Australia. Andrew is a Director, Chief Financial Officer and Company Secretary o
Slide 8: Technical Team. Over 140 Years of Experience
Technical Team. Over 140 Years of Experience Dr Kris Butera Corporate and discovery geologist, exploration leadership >20 years experience • Extensive record of discovery, resource definition and development studies • Executive leadership of public and private exploration and mining companies, corpo
Slide 9: The Project. Highly Prospective Tectonic Setting
The Project. Highly Prospective Tectonic Setting Project covers part of the Willowra suture, the ancient collision zone between the North Australian craton and Aileron terrane (Arunta Orogen) Suture zones are highly prospective for and often well endowed in terms of orogenic gold deposits Trans-Tana
Slide 10: The Project. Key Prospects
The Project. Key Prospects 1 Multiple, multi-kilometre-scale, high-order, combined geochemical-geophysical- geological-structural targets These include prospects with only preliminary historic drilling but highly encouraging gold intercepts (Kroda-3, Kroda-2, Harrison, Waldron’s, Petrick’s) that war
Slide 11: The Project. Geological Setting
The Project. Geological Setting Project area is characterised by a high degree of geological and structural complexity, a setting that is very conducive to gold mineralisation Major first- and second- order structures played key roles in channelling the flow of gold-bearing fluids Gladiator is fortu
Slide 12: The Project. Surface Geochemical Footprint
The Project. Surface Geochemical Footprint Contour lines of multi- element anomalism as evident from surface geochemical anomaly grids produced by previous explorers. Given the different sampling practices, laboratory analytical techniques and detection limits applied in the collection and assaying
Slide 13: The Project. Lack of Drilling Equals Opportunity
The Project. Lack of Drilling Equals Opportunity Distinct lack of deeper and diamond drilling This provides GLA with significant opportunity for growing Kroda-3 and generating new discoveries at the many un- or only superficially tested targets and prospects North Arunta Drilling Summary Drillholes
Slide 14: The Project. Kroda-3 Potential
The Project. Kroda-3 Potential Previous drilling by ABM Resources NL returned excellent grades and widths below the earlier near surface drill intersections, further demonstrating shallow open pit as well as deeper underground potential: • KRRC100014: 131m @ 1.40g/t Au from 1m, incl. 5m @ 11.00g/t A
Slide 15: The Project. Kroda-3 Plan View
The Project. Kroda-3 Plan View TBM 3D Model Grade Shells Red ≥ 5.0 g/t Au Yellow ≥ 1.0 g/t Au Green ≥ 0.5 g/t Au Lack of drilling causes break up of modelled grade shells! X-Section (382625mE) 100 m 1 The data presented here is historic in nature. Refer to Appendix 4 (JORC (2012) Table 1) for furthe
Slide 16: The Project. Kroda-3 Cross-Section (382625mE)
The Project. Kroda-3 Cross-Section (382625mE) S N Grade Shells Red ≥ 5.0 g/t Au Yellow ≥ 1.0 g/t Au Green ≥ 0.5 g/t Au 40 m 15
Slide 17: The Project. Kroda-3 Long Section
The Project. Kroda-3 Long Section WNW ESE Untested Untested Untested Position Position Position Lack of drilling causes Open Poorly break up of modelled Tested Key to grade shells: grade shells! Positions Open Open Green ≥ 0.5 g.t Au Open Yellow ≥1.0 g/t Au Untested Red ≥5.0 g/t Au Position Potentia
Slide 18: Exploration Plan
Exploration Plan. Apr/May’18 Jun/Jul’18 Sep/Oct’18 Nov/Dec’18 DD and RC Follow-up drilling Kroda-3 IP survey drilling Potential early resource and development studies Follow-up drilling DD and RC Tulsa IP Survey Potential early resource and development studies drilling Full data review Target priori
Slide 19: Exploration Plan. Kroda-3
Exploration Plan. Kroda-3 Planned ultra-high resolution IP (induced polarisation) survey to aid drill targeting and planning Planned maiden DD and RC drilling campaign designed to: • Verify historic drilling results and collect structural and lithological information required to better define the co
Slide 20: Exploration Plan. Tulsa
Exploration Plan. Tulsa Tulsa is a very exciting yet untested prospect marked by the coincidence of the following features: • 5.0 by 3.0 km geochemical footprint (as defined by Thunderbird Metals) • Zone of demagnetisation • Gravity lineament and strong gravity gradient • EM lineament • Pronounced r
Slide 21: Exploration Plan. Generative Work
Exploration Plan. Generative Work Main aims are to advance multiple prospects to drill ready status and fast-track discovery The generative work and tenement rationalisation program will entail and be structured around the following steps: ̶ Detailed review and compilation of historic data ̶ Field r
Slide 22: Exploration Plan. Timelines & Milestones
Exploration Plan. Timelines & Milestones Proposed Capital Raise – immediately prior to work commencement IP Surveys (April-May 2018) • Kroda-3 and Tulsa • Fully permitted • To commence post-capital raising (refer to Gladiator Resources Ltd ASX release dated 20 Feb 2018) • To aid in drill targeting a
Slide 23: Investment Highlights
Investment Highlights. Potential to unlock a major new gold belt covered by consolidated tenure package Leveraged to exploration success Short term: Kroda-3 drilling – potential for high-grade intercepts and expanding the prospect Tulsa drilling – potential for a major new discovery Medium t
Slide 24: Contact Details
Contact Details. Non-Executive Director, Gladiator Resources Limited • Mobile: +61409 199 648 • Email: adraffin@draffinwalker.com.au • Website: www.gladiatorresources.com [under construction] 23
Slide 25: Appendix 1: Heads of Agreement (HOA)
Appendix 1: Heads of Agreement (HOA)
Slide 26: Heads of Agreement (HOA)
Heads of Agreement (HOA) 1 HOA with Thunderbird Metals Pty Ltd (“Thunderbird”) to acquire the earn-in rights to the North Arunta Project by way of assignment “Assignment” The HOA will be subject to a number of conditions which must be satisfied or waived, including: 1) satisfactory due diligence bei
Slide 27: Appendix 2: Tenement Schedule
Appendix 2: Tenement Schedule
Slide 28: Tenement Schedule
Project Name Tenement Number Tenement Holder 1 Status Barrow Creek EL26825 ABM Resources NL(100%) Granted Barrow Creek EL28515 ABM Resources NL(100%) Granted Barrow Creek EL28727 ABM Resources NL(100%) Granted Barrow Creek EL28748 ABM Resources NL(100%) Granted Barrow Creek EL29723 ABM Resources NL(
Slide 29: Appendix 3: Significant Intercepts
Appendix 3: Significant Intercepts
Slide 30: Significant Intercepts: Kroda-3
Prospect Hole ID Easting Northing RL Total Depth Inclination Azimuth From Interval Grade MGA94_53 MGA94_53 (m) (m) (degrees) (degrees) (m) (m) (g/t Au) Kroda-3 KRRC100001 382707 7664900 449 105 -60 176 54 2 1.25 Kroda-3 KRRC100001 382707 7664900 449 105 -60 176 70 2 1.45 Kroda-3 KRRC100002 382728 76
Slide 31: Significant Intercepts: Harrison and Waldron's
Prospect Hole ID Easting Northing RL Total Depth Inclination Azimuth From Interval Grade MGA94_53 MGA94_53 (m) (m) (degrees) (degrees) (m) (m) (g/t Au) Harrison NEWT16RB0165 283458 7700081 424 62 -60 348 48 1 1.09 Harrison NEWT16RB0201 285395 7699345 425 60 -60 0 0 1 1.82 Harrison NEWT16RB0201 28539
Slide 32: Appendix 4: JORC (2012) Table 1
Appendix 4: JORC (2012) Table 1
Slide 33: JORC Table 1 - North Arunta Project
JORC TABLE 1 - NORTH ARUNTA PROJECT SECTION 1: SAMPLING TECHNIQUES AND DATA Criteria JORC Code Explanation Commentary Sampling • Gladiator Resources Ltd (“GLA” or “Company”) has not yet undertaken techniques any exploration activities at the North Arunta project (“Project”). All data presented herei
Slide 34: JORC Table 1: Sampling Techniques and Data
Criteria JORC Code Explanation Commentary Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would • ABM: RC drilling was used by ABM to obtain 1m samples using a cone be relatively simple (e.g. ‘reverse s
Slide 35: JORC Table 1: Sub-sampling Techniques
Criteria JORC Code Explanation Commentary • ABM: All holes were logged in full by ABM geologists. The total length and percentage of the • Historic Operators: Not all holes were logged in full. A detailed review of the historic drilling data will be undertaken by GLA upon acquisition relevant inters
Slide 36: JORC Table 1: Quality Control and Verification
Criteria JORC Code Explanation Commentary Nature of quality control procedures • ABM: A blank and standard was inserted approximately every 50 adopted (e.g. standards, blanks, samples. For drill samples, blank material was supplied by the assaying duplicates, external laboratory checks) laboratory.
Slide 37: JORC Table 1: Data Spacing and Distribution
Criteria JORC Code Explanation Commentary Data spacing • ABM: The drilling completed by ABM was early stage and has not been and used to prepare any mineral resource estimates. Whether the data spacing and distribution • Historic Operators: In 2000, Payne Geological Services on behalf of distributio
Slide 38: Section 2: Reporting of Exploration Results
SECTION 2: REPORTING OF EXPLORATION RESULTS Criteria JORC Code Explanation Commentary Mineral • The North Arunta Project is wholly owned by ABM, and subject to the tenement and ‘Barrow Creek’ ILUA, Rawlins Range Deed for Exploration and Arunta land tenure A1 + A2 Deeds for Exploration between ABM an
Slide 39: JORC Table 1: Geology
Criteria JORC Code Explanation Commentary Geology • The Waldron’s Hill, Harrison and Kroda prospects lie along the northern margin of the Willowra gravity ridge, which marks the northern edge of the Arunta orogen. To the north Cambrian Wiso basin sediments fill a down thrown basin formed by reverse
Slide 40: JORC Table 1: Data Aggregation Methods
Criteria JORC Code Explanation Commentary Data In reporting Exploration Results, aggregation weighting averaging techniques, • ABM: Did not use weighted averaging techniques or grade truncations methods maximum and/or minimum grade for reporting of exploration results. All reported assays have been
Slide 41: JORC Table 1: Diagrams and Balanced Reporting
Criteria JORC Code Explanation Commentary Diagrams • A plan and cross-section of the Kroda-3 prospect were provide in an ABM ASX release dated 27 September 2011 and are reproduced below. Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant
Slide 42: JORC Table 1: Other Exploration Data and Further Work
Criteria JORC Code Explanation Commentary Other Other exploration data, if meaningful substantive and material, should be reported exploration including (but not limited to): geological data observations; geophysical survey results; • All data presented herein are historic in nature and GLA is yet t
Gladiator Resources — Investor Presentation (March 2018) on 6ix