E79 Gold Mines Limited · ASX:E79
E79 Gold Mines — AMEC WA Investor Briefing (October 2024)
20 slides from E79 Gold Mines's conference presentation, Oct 1, 2024
Slide 1: E79 Gold Mines - Money in the Ground
E79 GOLD MINES Money in the Ground AMEC WA Investor Briefing - 1 October 2024 Money in the ground ASX:E79 1
Slide 2: Disclaimer
DISCLAIMER This presentation contains only an overview of E79 Gold Mines Limited (“E79" or the “Company”) and its activities and operations. The contents of this presentation, including matters relating to the geology and exploration potential of the Company’s projects, may rely on various assumptio
Slide 3: Corporate
CORPORATE $0.028 102,162,634 $2.86M Non-Executive Chair Share Price Shares on Issue Market Chris Cairns Capitalisation Non-Executive Director Deborah Lord $0.76M $2.10M 37% Non-Executive Director Enterprise Cash on Hand Top 20 Value (30 Jun 2024) Shareholders Peter Ironside Chief Executive Officer N
Slide 4: Overview
OVERVIEW GOOD MANAGEMENT GOOD GROUND Track record of discovery and successful development Three sizeable projects in prolific ‘world-class’ locations, prospective for gold and copper • 2008 Explorer of the Year (Integra Mining) • 2010 Miner of the Year (Integra Mining) • 2020 Craig Oliver Award Winn
Slide 5: Strategy
STRATEGY • Underexplored parts of endowed provinces • Large land holdings • Methodical modern exploration • Spend the money in the ground • Drilling, Drilling, Drilling • Current shift in strategy • More advanced project • Near term economic gain • Continually look for new projects/acquisitions that
Slide 6: Three Exploration Projects in Australia
PROJECTS THREE EXPLORATION PROJECTS IN AUSTRALIA 868km2 of tenure within the endowed McArthur Basin, prospective for copper and gold 272km2 of tenure in the Laverton Tectonic Zone - one of the world’s most prolific gold belts ~30Moz 698km2 of tenure in the Murchison Goldfields – ~30Moz of gold endow
Slide 7: Mountain Home Project
PROJECTS MOUNTAIN HOME PROJECT Early stage copper and gold exploration with 868km2 of tenure within the endowed McArthur Basin (NT) High grade rock-chip samples (15) with copper values including1; 45.5%, 39.8%, 38.4% and 30.0% Cu. Gold values including 11.75 g/t, 1.72 g/t, 1.33 g/t Au Mineralised ou
Slide 8: Mountain Home Project
PROJECTS MOUNTAIN HOME PROJECT Research by Geoscience Australia has linked Australia’s large sedimentary base metal deposits and IOCG base metals deposits via LAB The LAB is an Australia wide feature where research indicates that step changes in the depth of lithosphere may be controlling mechanism
Slide 9: Mountain Home Project
PROJECTS MOUNTAIN HOME PROJECT Larger scale soil program imminent, which will include samples to test DetectORE suitability Over upcoming wet season environmental approvals and heritage to be finalised ahead of ground geophysics and drilling in 2025 Money in the ground ASX:E79 9
Slide 10: Laverton South Project
PROJECTS LAVERTON SOUTH PROJECT Relative to the north-central portions of the belt, the southern portion is under-explored Resources Historical Production Endowment Meas & Ind Inf Deposit Tonnes Tonnes (kt) Tonnes Grade Ounces Grade Ounces Grade Ounces Ounces (kt) (kt) Granny Smith1 - - 5,100,000 3,
Slide 11: Laverton South Project
PROJECTS LAVERTON SOUTH PROJECT • Pinjin 100% owned • Lake Yindana 100% Owned Rebecca Gold Project +1.2 Moz resource (Ramelius Resources 12/4/22) Lake Roe Gold Project +1.7 Moz resource (Ramelius Resources 20/3/23) Carosue Dam +4 Moz endowment (Northern Star 3/5/22) Money in the ground ASX:E79 11
Slide 12: Pinjin: Work to date
PROJECTS PINJIN: Work to date ➢ 350km2 of gravity surveys ➢ 1,000 soil samples ➢ ~60,000m of drilling ➢ 2 main prospects, Target 3 and Target 4 • Prospective geology – large scale structures, gold on lithological contacts • De-magnetised stratigraphy – gold bearing hot fluids ➢ Significant results •
Slide 13: Laverton South Project – Lake Yindana
PROJECTS LAVERTON SOUTH PROJECT – LAKE YINDANA ➢ First-mover opportunity ➢ GSWA maps show the tenement is underlain by less prospective granite (not correct) ➢ Discouraged historic exploration – only 65 RAB drill holes, huge areas not explored Money in the ground ASX:E79 13
Slide 14: Laverton South Project – Lake Yindana
PROJECTS LAVERTON SOUTH PROJECT – LAKE YINDANA ➢ Corroborating magnetics and gravity show that the tenement is underlain by ~25km of gold and nickel prospective greenstones that are effectively un-explored ➢ Regional 10,000m aircore program tested ~10km of the 25km of greenstone • Prospective greens
Slide 15: Murchison Project - Jungar Flats
PROJECTS MURCHISON PROJECT - JUNGAR FLATS ➢ 698km2 of tenure containing early stage exploration targets ➢ Murchison Goldfields +30 million ounces gold endowment ➢ ~60km of strike along the Big Bell Shear and associated structures ➢ New acquisitions to the south which increased our tenure over the de
Slide 16: Jungar Flats Project
PROJECTS JUNGAR FLATS PROJECT ➢ Large-scale gravity survey completed over northern area in 2022 and southern area in 2023 ➢ New targets identified and first-pass soil auger completed • 45km of greenstone tested by ~4,000 sample auger program • Independently reviewed results show multiple targets for
Slide 17: Early Stage Exploration Philosophy
PROJECTS EARLY STAGE EXPLORATION PHILOSPHY • Given the distinct lack of previous exploration, effectively E79 has a ‘first-mover’ opportunity in the exploration portfolio ‘…the largest deposits in any particular search space are usually found early because they generally have the most obvious signat
Slide 18: Acquisition Strategy
FUTURE PROJECTS ACQUISITION STRATEGY ➢ E79 realises that in current market, having an advanced project or scalable discovery is key to increasing shareholder wealth ➢ Worldwide and multiple commodity search ongoing, with ~100 projects evaluated, with a strong preference for Australia (69%) and gold
Slide 19: Summary
SUMMARY GOOD MANAGEMENT GOOD GROUND Track record of discovery and successful development Two sizeable projects in prolific ‘world-class’ greenstone belts • 2008 Explorer of the Year (Integra Mining) • 2010 Miner of the Year (Integra Mining) • 2020 Craig Oliver Award Winner (Stavely Minerals) • 2023
Slide 20: Thank you
E79 GOLD MINES Committed to a sustainable future Thank you Money inground Money in the the ground ASX:E79 20
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