North Stawell Minerals, Ltd. · ASX:NSM
North Stawell Minerals — Victorian Gold Forum 2024
32 slides from North Stawell Minerals's conference presentation, Feb 21, 2024
Slide 1: North Stawell Minerals: Shallow gold under thin cover in the Stawell Corridor
For personal use only North Stawell Minerals. Shallow gold under thin cover in the Stawell Corridor, western Victoria Rendezvous Hotel, Melbourne We acknowledge the traditional owners of the land on which we meet, the Wurundjeri peoples, and pay our respects to elders past and present Victorian Gold
Slide 2: Forward Looking Statements and Disclosures
FORWARD LOOKING STATEMENTS AND DISCLOSURES Forward Looking Statement and Disclosures. This presentation is not making any offer, inducement, solicitation or invitation of any kind by communication of this presentation to the recipient and under no circumstances is it to be construed as, a For person
Slide 3: Introduction - Stawell Gold Model
INTRODUCTION - STAWELL GOLD MODEL17 Gold on the margins of a structurally pre-emplaced basalt. Mineralisation type has moderate strike and plunge and is depth persistent. For personal use only Stawell Corridor Stawell-type Long-sections of the mineralised flanks of Sydney Harbour Bridge at scale the
Slide 4: Priorities – Model-Based Interpretation
PRIORITIES – MODEL-BASED INTERPRETATION Careful application of the Stawell-gold model– and the application of geophysics – makes a significant positive impact on exploration. For personal use only Splay (Mariners). basalt. This cross section of Stawell highlights basalt. gold on the basalt margins a
Slide 5: Weathering the Calm!
WEATHERING THE CALM! Despite exploration-wide capital challenges, NSM has positioned itself well, ready to advance key projects. Early challenges at NSM’s flagship Wildwood forced a significant pivot for NSM’s 5 Major regional geophysics/targeting programs For personal use only Exploration Strategy
Slide 6: Drilling – Air Core Anomalism
DRILLING – AIR CORE ANOMALISM Anomalous intercepts are important results in air core – potentially indicating proximity to higher grade mineralisation 31 28 For personal use only 3,500m gold-anomalous trend – open to sth with another 3,500m potential, 12 Geophysics-only discovery under cover. Basalt
Slide 7: Drilling – Significant Hits
DRILLING – SIGNIFICANT HITS Multiple significant intercepts advance several targets: 42km AC, 6km RC, 11km DD following up on geophysics and historic drilling. 25 12 For personal use only Geophysics-only discovery under cover. Basalt intersected First +1g/t intercept in mature 24 target. New targets
Slide 8: Drilling – Wildwood
DRILLING – WILDWOOD Three Diamond holes were completed at Wildwood in 2023, targeting the north- plunging Maslin Mineral Resource prior to a planned resource update. For personal use only 11 11 Drilling targeted a gap in the drilling following re-interpretation. Mineralisation occurred principally i
Slide 9: Drilling – Wildwood
DRILLING – WILDWOOD Three Diamond holes were completed at Wildwood in 2023, targeting the north- plunging Maslin Mineral Resource prior to a planned resource update. For personal use only 11 11 Refs 8, 13 9 ASX:NSM
Slide 10: Resources
RESOURCES1 87,300 oz Au Mineral Resource update. Shallow-tested and open in several directions. The modest Mineral Resource at Wildwood benefits from re-interpretation and re-estimation and structural interpretation. For personal use only Indicated Inferrred Exploration Grade (g/t Ounces Grade (g/t
Slide 11: Darlington diamond holes extend good AC results
DARLINGTON 2 diamond holes extend good AC results 120m down-dip and 140m down-plunge. An altered and weakly mineralised basalt intersected at depth! For personal use only The historic Darlington Mine produced 2,347oz Au at 18 g/t and occurs in the same structural corridor as Stawell, 6km south. NSM
Slide 12: Corporate Overview
CORPORATE OVERVIEW A highly experienced and proven leadership team with strong exploration and mining experience – solely focussed on gold in western Victoria. Board and Management Jerry Ellis Non-ExecutiveChairman For personal use only Russell Krause Chief Executive Officer 30 years at BHP (2 years
Slide 13: A Victoria-focussed explorer with a highly experienced team
ASX:NSM A Victoria-focussed explorer with a highly experienced team. Strong exploration, development and mining experience in Victoria and globally. 20 Cash position 31 Dec ($M) 140m For personal use only 15 NSM share price as well as 10 Shares on Issue NSM other Victorian-focussed gold $0.19 explor
Slide 14: Why Victoria's Stawell Zone?
WHY VICTORIA’S STAWELL ZONE? Great ground, preserving shallow, exploration potential. 504km2 contiguous ground immediately north of Stawell Gold Mine12 Elephant country – multi million-ounce potential. For personal use only • Stawell (approx. 4.9Moz Au mined). • 4th biggest gold field in Victoria’s
Slide 15: Cover
COVER 85% of NSM’s tenements have a masking layer of thin, unmineralised sediments. This “cover” has potential for very shallow, large gold deposits just beneath it. For personal use only Historic mine Peer-group project NSM tenements Old Stawell Zone blanketed by ‘cover’ data Stawell Zone with outc
Slide 16: Regional Data – The Right Tools for the Task
REGIONAL DATA – THE RIGHT TOOLS FOR THE TASK Working with a best-available dataset (including geo-knowledge) to effectively test and rank Stawell-like targets under cover. For personal use only Footprint of 4.9 Moz Au Stawell Gold Mine. COVERED OUTCROPPING Reprocessed Airborne Geology-geophysics- Dr
Slide 17: Regional Data - Vectoring
REGIONAL DATA - VECTORING A step-through of targeting at Lubeck Tip. Approximate geometries and structures constrain targeting and drill programs. For personal use only Interpreted basalt Subcropping basalt 1m at 5.05g/t Au from 56m (NSAC0172)1 1m at 3.00g/t Au from 42m (NSAC0173) 1 fault A – 25m co
Slide 18: Target Summary
TARGET SUMMARY 67 Huge potential to include shallow, Stawell-type mineralisation under thin cover 60 km basalts footprint 26.6 km tested* only 4.2 km >1g/t Au Stawell 17 km anomalous grades 1.5 km tested deeper than 100m use For personal2.5km * (*based on 300m line spacing). 67 Ref 67 18 ASX:NSM
Slide 19: More Vectoring
MORE VECTORING Geophysics and research programs are hugely cost-effective NSM continues to focus on science that refines targeting and builds knowledge For personal use only On-going discussion to follow up further on the results of Regional AEM (flown by GA and GSV) has not delivered Extensive petr
Slide 20: Wildwood Planning
WILDWOOD PLANNING1 Revised targeting at Wildwood presents opportunity for basalt-flank hosted mineralisation – more likely to form large-volume slabs of dilation/mineralisation For personal use only Controlling structures are near-vertical and sub-parallel to the basalt crest, reversing plunge. Prio
Slide 21: Drilling Targets - Wildwood
DRILLING TARGETS - WILDWOOD. Multiple interpreted structures and open drill results are identified. Multiple in-fill and brownfield opportunities. Open high-grade hit that Maslin For personal use only ‘spills onto east flank? Maslin trend onto east flank has high grades Maslin Mineral Resource open
Slide 22: Magdala Mine c.f. Wildwood Target
MAGDALA MINE C.F WILDWOOD TARGET Geology is the same. Structure and dimensions are similar. Stawell has 50x historic gold. Wildwood is open and shallow-tested. 17 For personal use only Approx. resource on east flank, 2018 36 25 Wildwood and Stawell at same scale Maslin Trinity Clontarf Effectively e
Slide 23: Drill Planning - Darlington
DRILL PLANNING - DARLINGTON Darlington includes highly encouraging sediment hosted gold mineralisation. Determining how (and where) in links to the basalt at depth is a compelling target. The planned hole at Darlington has two tasks: For personal use only • Test for ~80m down-plunge step-out on prio
Slide 24: Future Programs
FUTURE PROGRAMS. Initial focus on realising priority targets – then pipeline projects Secondary focus on additional targeting programs – geophysics and research. • 4,500m of diamond targeting complete. Challenger: Lubeck Tip For personal use only Drill for +1g/t zone Drill new basalt margins • 42,00
Slide 25: Critical Opportunity
CRITICAL OPPORTUNITY. Approximately 7.5B tonnes of Heavy Mineral (REE) sands are defined around NSM. The belt is very poorly tested through NSM’s gold-focussed tenements33. For personal use only 33 Refs 2,8. 25 ASX:NSM
Slide 26: Summary
SUMMARY Gold potential under shallow Murray Basin cover in the Stawell Zone, Victoria. • NSM has a robust mineralisation pipeline from generative through resource targets built up with historic data and a focused 2-year regional program – an excellent foundation for exploration. For personal use onl
Slide 27: Appendix: NSM release to ASX relating to this presentation 1 of 5
APPENDIX 1 NSM release to ASX relating to this presentation. 1 of 5. Ref # Date Time Report title Doc size For personal use only 1 31-Oct 11.31am Quarterly Cashflow Report Link 179KB 2 31-Oct 10.21am Quarterly Activities Report Link 3697KB 3 20-Oct 4.27pm Notice of Annual General Meeting/Proxy Form
Slide 28: Appendix: NSM release to ASX relating to this presentation 2 of 5
APPENDIX 1 NSM release to ASX relating to this presentation. 2 of 5. Ref # Date Time Report title Doc size For personal use only 18 28-Apr 9.45am Quarterly Activities Report Link 4340KB 19 28-Apr 9.44am Quarterly Cashflow Report Link 246KB 20 28-Mar 10.25am High grade, plunging shoot at Darlington L
Slide 29: Appendix: NSM release to ASX relating to this presentation 3 of 5
APPENDIX 1 NSM release to ASX relating to this presentation. 3 of 5. Ref # Date Time Report title Doc size For personal use only 35 20-Jul-22 9:20am Drilling Reveals 300m Wide Au-As Zone on Granite Margin Link 1780KB 36 6-Jul-22 9:41am Holts Prospect extends gold mineralisation trend to 1,000m Link
Slide 30: Appendix: NSM release to ASX relating to this presentation 4 of 5
APPENDIX 1 NSM release to ASX relating to this presentation. 4 of 5. Ref # Date Time Report title Doc size For personal use only 52 1-Jul-21 9:03am Field sampling underway to further define drill targets Link 2905KB 53 16-Jun-21 8:42am NSM Granted two new tenements Link 974KB 54 8-Jun-21 9:16am Airb
Slide 31: Appendix: NSM release to ASX relating to this presentation 5 of 5
APPENDIX 1 NSM release to ASX relating to this presentation. 5 of 5. Ref # Date Time Report title Doc size For personal use only 67 15-Nov-23 9:17am Investor Presentation - Noosa Mining Conference 2023 Link 9364KB 68 20-Nov-23 8:58am AGM Presentation Link 6009KB 69 20-Nov-23 4:11pm Results of Meetin
Slide 32: Appendix 2: NSM Tenement Position
APPENDIX 2: NSM TENEMENT POSITION NSM holds an exciting tenement position - 60km’s strike under thin cover with shallow, poorly tested, multi million-ounce gold potential For personal use only Tenement Status Number Area Initial NSM Earn-in Name (km2) holding potential Wildwood Granted RL007051 50 5