Millennium Minerals — Investor Presentation (September 2018)
21 slides from Millennium Minerals's investor presentation, September 2018
Slide 1: Australia's newest 100,000ozpa gold producer
Australia’s newest 100,000ozpa gold producer ►Rising grades, rising production ►+100,000ozpa run-rate achieved ►New discoveries driving growth ------------------------------------------- Peter Cash, CEO September 2018 Corporate Presentation 1
Slide 2: Disclaimer & Competent Person's Statement
Disclaimer & Competent Person’s Statement Disclaimer This presentation contains only a brief overview of Millennium Minerals Limited (“Millennium”). The contents of this presentation, including matters relating to the geology of Millennium’s projects, may rely on various assumptions and subjective i
Slide 3: Investment Overview
Investment Overview Operating the Nullagine Gold Project in the world-class Pilbara region of Western Australia On track to meet production guidance for CY18 of 75-80koz at AISC US$908-958/oz Recently achieved long-held target of ~100,000ozpa annualized production run-rate Growing Reserve inventory
Slide 4: Australia's New 100,000ozpa Gold Producer
Australia’s New 100,000ozpa Gold Producer ✓New mining strategy delivering +100kozpa run-rate ► Larger scale, longer life deposits ► Increased head grade, mining rate, mill throughput ► Production now at +100kozpa, up from historical rate of 75-80kozpa ✓Processing plant – fully-funded expansion pathw
Slide 5: Corporate Overview
Corporate Overview Shares on Issue Market Cap (A$0.23/share) 792.0M ~US$130M Cash & Bullion (30 Jun 18) Debt US$9.7M US$7.1M ASX Index ASX Code All Ords MOY Key Shareholders Board and Management Key Consultants and Contractors Greg Bittar Non-Executive Chairman Ausenco Peter Lester Non-Executive Dir
Slide 6: Nullagine Operations
NULLAGINE OPERATIONS m6
Slide 7: Nullagine Operations – Strong Production and Cash-flows
Nullagine Operations – Strong Production and Cash-flows ► Significant operational improvements and upgrades completed: ▪ Move to more sustainable, lower cost ore sources ▪ Mill refurbishment and upgrades completed ▪ Improved mine scheduling and stockpile protection ► 100kozpa run-rate achieved Septe
Slide 8: Positive Expansion Study
POSITIVE EXPANSION STUDY 8
Slide 9: Sulphide Resources – New Processing Breakthrough
Sulphide Resources – New Processing Breakthrough ► Large Sulphide Resource inventory ► Processing requires addition of a small modular concentrating circuit to the tail-end of the existing CIL plant ► Well-understood process ► Targeting commissioning of plant expansion during Q1 2019 ► Re-optimisati
Slide 10: Moving Underground
MOVING UNDERGROUND millenn
Slide 11: Bartons – The First Underground Mine at Nullagine
Bartons – The First Underground Mine at Nullagine ► 1,250m of UG development completed to date ► Outstanding ground conditions – bodes well for future UG developments ► High-grade development ore now being processed ► High-grade stoping ore to commence Q1 2019 Millennium’s first underground mine at
Slide 12: Bartons – The First Underground Mine at Nullagine
Bartons – The First Underground Mine at Nullagine ► Resource of 630,000t @ 4.9g/t Au for 97,900oz ► Reserve of 270,000t @ 4.5g/t Au for 39,000oz ► Mineralisation open at depth and along strike ► All deeper holes have successfully intersected the main ore zone and continue to define extensions ► Deep
Slide 13: Underground Potential at Nullagine – Multiple Targets Identified
Underground Potential at Nullagine – Multiple Targets Identified Potential for substantial increases in Mineral Resources beneath all known deposits: ► Minimal deeper drilling – only 4 out of 30 deposits tested at depth ► Extensive drilling program to test UG potential ► Work underway on UG Ore Rese
Slide 14: Additional Underground Targets – Pipeline of Organic Growth
Additional Underground Targets – Pipeline of Organic Growth Golden Gate Mining Centre Work underway on UG Ore Reserve for Golden Gate Mining Centre to underpin second proposed UG mine at Nullagine Golden Gate Golden Gate Mining Center Crow Red Beard Twenty Mile Sandy Bartons Mining Center Camel Cree
Slide 15: Exploration
EXPLORATION 15
Slide 16: Exploration – Golden Eagle… set to soar?
Exploration – Golden Eagle… set to soar? ► Largest gold deposit defined at Nullagine to date – 334koz Resource ► New north-trending mineralised structure identified within existing pit design. Assays include: ► 4m @ 15.34g/t from 23m, incl. 1m @ 54.90g/t ► 8m @ 18.91g/t from 20m, incl. 7m @ 21.45g/t
Slide 17: New Discovery in the Making – Golden Eagle SW
New Discovery in the Making – Golden Eagle SW ► Significant new target 1.8km SW of Golden Eagle with similar style of alteration ► Highly prospective shear zone extending over a potential strike extent of 800m: ► 1m @ 34.00g/t Au from 26m ► 5m @ 17.86g/t Au from 62m, incl. 2m @ 42.35g/t Au ► NNE ori
Slide 18: Exploration – A Key Priority
Exploration – A Key Priority ► Substantial ongoing commitment to exploration ► 40km (25Mi) mineralised corridor – high-grade results ► 9m @ 28.47g/t Au, incl. 3m @ 83.23g/t Au 2m @ 9.8g/t Au, incl. 1m @ 16.6g/t Au spanning entire length ► ► 10.5m at 38.64g/t Au, incl. 5m @ 79.96g/t Au ► Reinterpreta
Slide 19: Key Investment Takeaways
Key Investment Takeaways ► Nullagine Gold Project – generating consistent production and strong cash-flows ► Quality-driven mining strategy – focusing on larger, more sustainable ore sources ► Increasing production and mine life – 100kozpa run rate; 3-yr mine life growing to +5 yrs ► Sulphide Plant
Slide 20: Resources & Reserves
Resources & Reserves Nullagine Gold Project - Mineral Resource Statement Measured Indicated Inferred Total Remaining Million Grade Million Grade Deposit Tonnes g/t Au Tonnes g/t Au Million Tonnes Grade g/t Au Million Tonnes Grade g/t Au Au Ounces Agate3 0.23 1.2 0.11 1.1 0.34 1.2 12,600 All Nations3
Slide 21: Australia's newest 100,000ozpa gold producer
Australia’s newest 100,000ozpa gold producer ►Rising grades, rising production ►+100,000ozpa run-rate achieved ►New discoveries driving growth ------------------------------------------- Peter Cash, CEO September 2018 Corporate Presentation 21
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