Slide 1: Sturec Gold Mine: Resurrecting one of Europe's Major Gold Deposits
STUREC GOLD MINE Resurrecting one of Europe’s Major Gold Deposits September 2020 | ASX: MTC INDEPENDENT JORC RESOURCE 1,069,000oz @ 1.5 g/t gold 1.5Moz + PAST PRODUCER 1
Slide 2: Important Information
Important Information This presentation has been prepared and issued by MetalsTech Limited (the “Company") to inform interested parties about the Company and its progress. The material contained in this presentation sets out general background information on the Company and its activities. It does n
Slide 3: Snapshot
SNAPSHOT MTC.ASX | MT1.FRA Capitalisation Data Share Price A$ 0.165 Capital Raise Price Shares on Issue M 146.61 Market Cap (MC) A$M 24.2 Cash1 A$M 3.35 Debt A$M 0.65 (Redeemable Notes -Due September 2021) MC/ounce US$ ~17 (A$23) (JORC Resource1) 1 Post $3.3m Capital Raise Additional Information Unl
Slide 4: Well timed move into the gold sector
STUREC Well timed move into the gold sector “If you don’t own gold, you know neither history nor economics.” Ray Dalio – Founder of Bridgewater Associates, the world's largest Drilling hedge-fund commences >1Moz JORC (2012) Resource Option to acquire Mining Sturec permit extension 4
Slide 5: Gold Sector: Flying under the radar
GOLD SECTOR Flying under the radar Market Capitalisation per Resource Ounce ▪ 1Moz+ Resource ▪ 76% Measured + Indicated ($A) ▪ A$23/oz Significant leverage to a “market re-rate”” # The attached chart has been provided for general information purposes. Share price data as at 18 September 2020. It is
Slide 6: World class resource potential
GOLD SECTOR World class resource potential JORC Resources (Au) Gold Ounces Measured + Indicated + Inferred ▪ +1Moz gold deposit Inferred + Indicated ▪ 76% Inferred Measured + Only Indicated 6
Slide 7: Sturec Location
METALSTECH Sturec Location Location of Sturec relative to the other major gold and copper-gold projects within the Western Tethys orogenic belt of central to southeastern Europe 7
Slide 8: Sturec Highlights
STUREC Highlights ▪ 1.5Moz gold and 6.7Moz silver produced historically ▪ JORC (2012) Resource of 21.2Mt at 1.50 g/t Au and 11.6 g/t Ag, containing 1.03Moz of gold and 7.9Moz of silver ▪ 76% Measured + Indicated Mineral Resource ▪ Significant resource expansion potential down dip and along strike ▪
Slide 9: Sturec Highlights
STUREC Highlights ▪ Epithermal style deposit >2.5Moz including significant prior production of gravity gold ▪ Mineralisation known over 5km strike, most of the gold in current resource within 450m long 200m deep and 80m wide dilation zone at ~2g/t, with a lack of drilling down dip and along strike ▪
Slide 10: Sturec Resource sections
STUREC Resource sections Drilling Underway 10
Slide 11: Main Deposit Southern extension
MAIN DEPOSIT Southern extension Last phase of drilling returned significant results at depth including hole STOR 3.11 See announcement 21 April 2020 ‘MetalsTech Targets High Grade Gold Zone’ Drilling Underway STOR 3.11 hit 137.3m @ 4.6 g/t Au & 16.5 g/t Ag from 67.7m” 11
Slide 12: Attractive Metallurgy: Simple processing potential
ATTRACTIVE METALLURGY Simple processing potential ▪ Excellent gold recovery on transitional (semi-oxidised) and sulphide (fresh) ore from the Andrej Adit within the Sturec Gold Mine using gravity separation and flotation ▪ Gravity gold recoveries range from 52% to 74% increasing to up to 88% after f
Slide 13: Drilling Underway: Targeting high grade plunge
DRILLING UNDERWAY Targeting high grade plunge ▪ 3,000m underground diamond core drilling program has commenced targeting the high grade plunging zone at Sturec – first hole shown below (yellow) ▪ First few holes designed to confirm orientation of any high grade plunge extension ▪ Once orientation is
Slide 14: Catalysts: Exploration upside and market re-rate
CATALYSTS Exploration upside and market re-rate ▪ Resource expansion drilling at high Additional Exploration Targets at Sturec grade plunging zone at Sturec zone underway with assay results expected intermittently ▪ Potential resource upgrade following drill campaign ▪ Completion of scoping study us
Slide 15: Board & Leadership
BOARD & LEADERSHIP Mix of skills and skin in the game Russell Moran – Chairman Dr Quinton Hills – Exploration Manager ▪ Proven resources investor, M&A specialist ▪ Experienced structural geologist and operator with a track record of major ▪ Responsible for the discovery of the 100 resource discoveri
Slide 16: Appendix 1: JORC Resources
APPENDIX 1 JORC Resources Resource Estimate above 0.40 g/t Au cut-off and within an optimised open pit shell Resource Tonnes Density Au Ag AuEq1 AuEq1 Au (koz) Ag (koz) Category (kt) (t/m3) (g/t) (g/t) (g/t) (koz) Measured 3,000 2.17 1.69 13.5 1.79 161 1291 171 Indicated 11,200 2.24 1.79 14.9 1.90 6
Slide 17: Appendix 2: Sector comparisons
APPENDIX 2 Sector comparisons Type of Share Resource Au Grade Market MC/Oz Company Code Stage Location Shares Resource Confidence Source Deposit Price (oz) (g/t) Capitalisation ($A) ($A) Classic Minerals CLZ Exploration Australia OP $ 0.002 403,000 1.52 13,042,051,981 $ 26,084,104 $ 65 Indicated/Inf
Slide 18: MetalsTech Limited contact details
ASX : MTC | FRA : MT1 MetalsTech Limited Suite 1, 44 Denis Street Subiaco WA 6008 Australia Russell Moran – Chairman - M +61 415 493 993 - russell@metalstech.net Gino D’Anna – Director - M +61 400 408 878 - gino@metalstech.net Nathan Ryan – Investor Relations - M +61 420 582 887 - nathan@nwrcommunic