Metal Bank Ltd · ASX:MBK
Metal Bank — QLD Exploration Council - Investment Showcase 2019
24 slides from Metal Bank's conference presentation, Sep 4, 2019
Slide 1: Qld Exploration Council - Investment Showcase
For personal use only QL D E X PLO RATI ON CO U N CIL - I N V ESTM ENT S H OWCA S E 03 SEPTEMBER 2019 ASX: MBK
Slide 2: Disclaimer
Disclaimer For personal use only Purpose of this document This presentation has been prepared by Metal Bank Limited (“MBK") for general information purposes only using the information available to MBK at the time of publication. No reliance The information contained in this presentation is not inves
Slide 3: Southeast Queensland: Qld's next big gold discoveries
Southeast Queensland Qld’s next big gold discoveries For personal use only 18Moz gold province hosting two of Qld’s largest operating gold mines – Mt Rawdon and Cracow Overlooked – Historical goldfields outside of existing operating mines missed out on serious modern gold exploration. Metal Ba
Slide 4: Metal Bank Limited: Successful Track Records
Metal Bank Limited Successful Track Records For personal use only 4
Slide 5: Discovery Driven Growth
Discovery Driven Growth Strategy centred on historical goldfields For personal use only 8 Mile Project (Perry Goldfield) - Bulk tonnage gold targets defined near Mt Rawdon gold mine (2Moz). Two recent discoveries Triumph Project (Norton Goldfield) – Multiple shallow high-grade gold zones disco
Slide 6: 8 Mile Project: Opportunities Recognised Early
8 Mile Project Opportunities Recognised Early For personal use only What caught our eye? Magnetite destruction / hydrothermal alteration Many intrusion-related gold systems in Qld are associated with magnetic lows related to magnetite destruction Perry goldfield - overlooked by modern exploration an
Slide 7: 8 Mile Project: Big System Scale – Historical Perry Goldfield
8 Mile Project Big System Scale – Historical Perry Goldfield For personal use only First drill programme - great success System currently defined over >3.6km – Only drilled on two sections 2km apart Perry Prospect 36m @ 1.2g/t Au from 36m 12m @ 2.1g/t Au from 4m Flori’s Find Prospect 22m @ 1.1g/t Au
Slide 8: Perry Prospect: Geophysics highlights bigger targets beneath
8 Mile Project – Perry Prospect Geophysics highlights bigger targets beneath For personal use only Recent Drilling Bulk tonnage target / mother intrusion 8
Slide 9: Perry Prospect: Bulk tonnage style gold system
8 Mile Project – Perry Prospect Bulk tonnage style gold system For personal use only 36m @ 1.2g/t Au from 36m 2m @ 14.8g/t Au Potential for higher grades 9
Slide 10: 8 Mile Project: Queensland's next big gold story?
8 Mile Project Queensland’s next big gold story? For personal use only • From ‘opportunity’ to drilled discovery in less than 10 months • Geophysics highlights the potential ‘mother intrusion’ / bulk tonnage targets beneath shallow broad gold intersections • Drilling to recommence shortly 10
Slide 11: Triumph Project: Modern Discovery on historical goldfield
Triumph Project Modern Discovery on historical goldfield For personal use only Centred over the historical Norton goldfield Discovery of multiple shallow high-grade gold zones pointing to bulk tonnage targets beneath Success using a system-wide approach to exploration – Big picture methodology 11
Slide 12: Triumph Project: Opportunities Recognised Early
Triumph Project Opportunities Recognised Early For personal use only RTP magnetics TD RTP magnetics Modern processing techniques 2km 2km applied together with experienced eyes • Highlights alteration in Norton tonalite • Immediate success in first phase of regional exploration Historical Norton Gold
Slide 13: Triumph Project: 1st Milestone - creating the opportunity
Triumph Project 1st Milestone - creating the opportunity For personal use only 1871 - 1928 Large Gold System concealed by thin cover sediments <10m Cover sediments Not Recognised Before 32g/t Au 13
Slide 14: Triumph Project: Seeing through cover – new geophysics
Triumph Project Seeing through cover – new geophysics For personal use only 1km 1km Reprocessed 400m spaced 50m spaced helimagnetics Qld Geological Survey Metal Bank - 2012 aeromagnetics - 1994 Approx. 1000x higher data quality 14
Slide 15: Triumph Project: 2nd Milestone - intersecting near-surface gold
Triumph Project 2nd Milestone - intersecting near-surface gold For personal use only 6 drill discoveries in last 3yrs High-grade gold ‘smoke’ interpreted as leakage above bulk tonnage style gold systems ML excluded - focus of historical exploration 15
Slide 16: Mt Wright Deposit: Discovery using metal zoning
Mt Wright Deposit in Nth Qld Discovery using metal zoning For personal use only Zn-Ag-(Au) 200m Outer halo – ‘Smoke’ Au-Bi-Cu-Ag Mt Wright Gold Deposit 1.3M Oz Au 600m Au-Bi-Cu Metal zoning at Triumph highlights Bulk Tonnage Gold Targets <200m 1000m below surface From Resolute Mining 2016 - Mt Wrigh
Slide 17: Triumph Project: Focus on bulk tonnage targets
Triumph Project Focus on bulk tonnage targets For personal use only Metal and alteration zoning defines four bulk tonnage targets Priority bulk tonnage gold targets Relatively shallow drilling to date (ave. 60m) Opportunity now to work down into the systems 17
Slide 18: Triumph Project: Large gold system defined
Triumph Project Large gold system defined For personal use only • ‘Big system thinking’ has led to multiple near-surface high-grade gold discoveries • Exploration so far has really just defined the lateral extents of the system via shallow drilling (60m ave. hole depth) • 3D modelling of metal / alt
Slide 19: Eidsvold Project: First Mover Opportunity
Eidsvold Project First Mover Opportunity For personal use only Eidsvold Goldfield - One of the largest historical goldfields in Queensland with no modern gold mining operation…Why? …Only a small part of the gold system is exposed; the rest is concealed by cover sediments • Large-scale targets define
Slide 20: Eidsvold Project: Seeing through cover
Eidsvold Project Seeing through cover – geochem / geophysics For personal use only Image: TD RTP Magnetics 20
Slide 21: Eidsvold Project: Drill Ready
Eidsvold Project Drill Ready For personal use only Large-scale coincident geophysics / geochemistry gold targets around one of Queensland’s big overlooked goldfields Currently evaluating JV as an option to fund drilling on the project 21
Slide 22: Discovery Driven Growth in SE Qld
Metal Bank Limited Discovery Driven Growth in SE Qld For personal use only 1. South-East Qld has all the characteristics for the next big gold deposit in Qld to be uncovered 2. Metal Bank has created three exceptional gold opportunities around overlooked historical goldfields 3. Next drilling campai
Slide 23: Corporate Overview
Corporate Overview Metal Bank Limited For personal use only ASX: MBK 12-month share chart 0.014 Shares 881.6M 0.012 Options Nil 0.010 Share price @ 02 Sept $0.011 0.008 Cash @ 30 June $1.5M Market cap $10M 2018 2019 02 Sept Top 20 shareholders 56% Directors / Management 22% Skin in the game Projects
Slide 24: Contact us
Metal Bank Limited contact us For personal use only ASX Code: MBK www.metalbank.com.au Tony Schreck Managing Director +61 419 683 196 tony@metalbank.com.au Looks like a fair amount of overtime may be called for here, Wilson “Go out and find me 100,000oz Au….. ……….and then grow it to 10Moz Au” 24
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