Gold Mountain Limited · ASX:GMN
Gold Mountain — Investor Presentation (February 2019)
26 slides from Gold Mountain's investor presentation, Feb 21, 2019
Slide 1: Wabag Project, PNG: Prime real-estate in one of the world's best mining belts
Wabag Project, PNG: Prime real-estate in one of the world’s best mining belts February 2019
Slide 2: Disclaimer
DISCLAIMER This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may not be distributed in
Slide 3: Summary
SUMMARY ▪ Prime address in high-quality mining belt, next-door neighbour is 24 MOz+ Porgera Mine. ▪ Early exploration success demonstrates potential for world-class porphyries. ▪ Around 50 km of underexplored mineralised strike length covered by GMN tenements. ▪ More than 75% of expenditure “in the
Slide 4: Company Overview
COMPANY OVERVIEW ▪ Gold Mountain Limited is an Australian publicly-listed company (ASX:GMN) exploring for gold and copper in the highly-prospective Papuan Mobile Belt, Papua New Guinea. ▪ Flagship Wabag Project has four high-calibre targets, each with significant potential, based on results to date:
Slide 5: Prime Location
PRIME LOCATION ▪ The Papuan Mobile Belt (dark orange in figure on right) is host to many world-class deposits including Porgera (24 Moz), Ok Tedi (17 Moz), Frieda River (17 Moz) and Hidden Valley (29 Moz). ▪ GMN’s Wabag Project lies just 70 km ENE of the Porgera gold mine, in an identical geological
Slide 6: Key Personnel
KEY PERSONNEL STRONG TECHNICAL TEAM WITH PNG EXPERIENCE, REPUTATION AND RECORD OF DISCOVERY Tony Teng Douglas Smith Rene Sterk Patrick Smith Managing Director Operations Director Principal Advisor to the Board Exploration Manager MSc, FAusIMM CP(Geo), MAIG (RPGeo), B.Econ B.Geo MAusIMM B.Geo, M.Eng,
Slide 7: PNG: An Attractive Destination for Mining Investment
PNG: AN ATTRACTIVE DESTINATION FOR MINING INVESTMENT ▪ Exceptional mining destination which contains one ▪ Excellent and secure tenement system. of the highest densities of Tier 1 gold-copper projects in the world, including: Ok Tedi, Porgera, ▪ Based on prospectivity, sovereign stability, mining Fr
Slide 8: Exploration Licences
EXPLORATION LICENCES ▪ Gold Mountain holds a land area of over 2,000 km2, contained within six Exploration Licences (ELs) and three Exploration Licence Applications (ELA). ▪ Before being secured by Gold Mountain, these licences were also under application by one of the world’s largest mining compani
Slide 9: Unexplored Lineament
UNEXPLORED LINEAMENT ▪ Many world-class mines in PNG are positioned on or near large NE-trending structural lineaments (thick black lines in image on right, White et al., 2014). ▪ These lineaments are widely believed to focus heat, intrusives and fluid flow, significantly increasing the potential fo
Slide 10: Neighbours – QRL Resources Ltd
NEIGHBOURS – QRL RESOURCES LTD ▪ Exploring from 2011 to 2013. Currently held by Chinese party. NOTE similar NW-SE trend. ▪ Tekem best drill intercepts: • TKD003: 3.8 m @ 11.84 g/t Au inc. 1 m @ 25.40 g/t Au • TKD001: 2.4 m @ 16.90 g/t Au, 1.7 m @ 1.52 g/t Au • TKD004: 1.5 m @ 2.80 g/t Au ▪ Semben tr
Slide 11: Share Structure
GMN CAPITAL STRUCTURE (FEB 2019) SHARE STRUCTURE Market cap at $0.074 undiluted (515,142,680 shares) $38.6m 52-week high $0.15 52-week low $0.07 GMN CAPITAL STRUCTURE (SEPT 2018) SHARES % 1 HSBC CUSTODY NOMINEES (AUSTRALIA) LTD 30,850,912 5.99% 2 CITICORP NOMINEES PTY LIMITED 26,434,074 5.13% 3 MR G
Slide 12: Community Engagement
COMMUNITY ENGAGEMENT ▪ From the start of exploration work, GMN has invested in building strong relationships with local communities. ▪ GMN maintains an open dialogue with surrounding tribes and actively works to inform communities about activities. ▪ Community support by building and maintaining inf
Slide 13: Current Snapshot of Exploration Status and Results
CURRENT SNAPSHOT OF EXPLORATION STATUS AND RESULTS
Slide 14: Mongae Creek
MONGAE CREEK CHASING BIG SYSTEMS….. ▪ Initially: abundant coarse, angular and crystalline gold in the drainage system of valley. ▪ Then: Rock samples returned grades of up to 0.6% Cu and 1.41 g/t Au. ▪ Soil sampling program completed (see image on right), infill programme (based on pXRF results) com
Slide 15: Mongae Creek
MONGAE CREEK ▪ Two deep scout holes were completed in 2018, showing wide zones of strong peripheral Cu mineralisation. ▪ Best intercept of 55m @ 0.11% Cu from 103 m. ▪ Significant increase in mineralisation from hole MCD001 to MCD002 – indicates possibly getting closer to the centre of the system. F
Slide 16: Crown Ridge
CROWN RIDGE ▪ Coarse, crystalline and dendritic gold and platinum are consistently being recovered from streams near the headwaters of the Crown Ridge river system. ▪ Source is the Timun Formation, a late Miocene paleo alluvial conglomerate that occurs at Crown Ridge as a ~100 m-thick unit. ▪ Gold h
Slide 17: Sak Creek
SAK CREEK MORE AND MORE DISCOVERIES ALONG NW STRIKE ▪ Sak Creek: Early days but showing all the right signs! ▪ Located in the valley adjacent to Mongae Creek, shows features characteristic of porphyry-style mineralisation. ▪ Historic ridge- and spur soil sampling showed three distinct geochemical zo
Slide 18: Sak Creek
SAK CREEK ▪ Soil sampling commenced February 2019. ▪ Mineralised shear zone discovered: (https://www.youtube.com/watch?v=d_RfSygFRjA) ▪ Sak Creek best rock chip assay results: Au Cu Ag Zn S As ppm ppm ppm ppm % ppm Material SC15 1.26 724 7.7 10400 >10.0 8100 Float SC16 0.15 2070 9.0 517 1.5 175 Floa
Slide 19: K-Lam
K- LAM RECENT DISCOVERY, LINKING THE CHAIN OF PROSPECTS ▪ K-Lam is located in the valley between Sak Creek and Mongae Creek. A 2018 reconnaissance programme at this prospect identified features indicative of porphyry-style mineralisation. ▪ Follow-up mapping and sampling showed in situ elevated copp
Slide 20: K-Lam Discovery
K-LAM DISCOVERY ▪ Further high-resolution mapping and creek sampling is planned to link Sak Creek and Mongae Creeks, with detailed trenching of exposed outcrop. Fig: K-Lam mineralised outcrop discovery Au Cu Ag Zn Pb S As Material ppm ppm ppm ppm ppm % ppm A 0.11 9920 16.00 434 15.0 >10.0 163.5 Outc
Slide 21: Our Mission and Your Return on Investment
OUR MISSION AND YOUR RETURN ON INVESTMENT: VALUE GENERATION THROUGH SMART EXPLORATION AND DISCOVERY EXPECT CONTINUOUS POSITIVE NEWS FLOW ON EXPLORATION UPDATES
Slide 22: Value Creation Through Exploration
VALUE CREATION THROUGH EXPLORATION SOLGOLD: AN EXAMPLE OF GMN’S ASPIRATIONS ▪ SolGold LSE & TSX:SOLG, AIM/TSX listed exploration company market cap of AUD 60.7M (2016). ▪ In 2018, its exploration team drilled an intersection of 1,338 m at an average grade of 0.49% copper and 0.36 g/t gold at its Cas
Slide 23: Value Creation Through Staged Exploration
VALUE CREATION THROUGH STAGED EXPLORATION ▪ Location: Secured 2000 km2 within fertile Papuan mobile belt, adjacent to Porgera gold mine, within a cluster or major mineral deposits. ▪ Sophisticated: Ultra-detailed airborne geophysical surveys (2016) interpreted potential for major intrusive centres a
Slide 24: Project Pipeline
PROJECT PIPELINE ? ? ? ? 25 km of mineralised trend to explore and that is only half of what the tenements cover!
Slide 25: Budget
BUDGET Timeline ▪ $2.25M required to complete: • Soil programs at Mongae / CR / Sak Creek and possible Ground Exploration Resource K-lam, (includes infill soils). Exploration Drilling Drilling • Mapping, petrology, geochemistry modelling, targeting • Initial trenching to open up areas of anomalism d
Slide 26: Competent Person's Statement & Reference to Previous Releases
COMPETENT PERSON’S STATEMENT & REFERENCE TO PREVIOUS RELEASES Competent Person’s Statement The information in this report that relates to Exploration Results is activity being undertaken to qualify as a Competent Person as based on information compiled by Doug Smith, a Competent Person defined in th
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