Saturn Metals Ltd. · ASX:STN
Saturn Metals — Shaw and Partners Gold Seminar 2023
18 slides from Saturn Metals's conference presentation, May 2, 2023
Slide 1: Next Generation Gold Company in a Multi-Million Ounce Province
Shaw and Partners Gold Seminar For personal use only Next Generation Gold Company in a Multi-Million Ounce Province 2 May 2023 Presentation: 11.30am AEDT Ian Bamborough Managing Director ASX:STN www.saturnmetals.com.au www.saturnmetals.com.au
Slide 2: Apollo Hill 'Greater' Gold Project Overview, Location and Tenure
Apollo Hill ‘Greater’ Gold Project Overview, Location and Tenure • Central Strategic Position in the Belt • 60km south-east of Leonora in Western Australia in world class multi-million ounce gold province close to For personal use only existing gold infrastructure • Centred around the current 1.47Mo
Slide 3: Corporate Snapshot
Corporate Snapshot Funded – Strong Register – Good Value Corporate Metrics 26 APR 23 Share Price Since Listing in March 2018 Funds (Cash balance 31 March 2023) $4.61M For personal use only Shares on Issue 151.5M IPO at $0.20 $0.18 9 MAR 18 24 APR 23 Unquoted Options & Performance Rights 11.8M Market
Slide 4: Apollo Hill – Resource Upgrade (1.47Moz Au) May 2022
Apollo Hill – Resource Upgrade (1.47Moz Au) May 2022 Simple, Single, Big, Low Strip, Large Selective Mining Unit, Low Unit Cost, Open Pit Shell 6772000N 372000E Apollo Hill May 2022 6774000N Mineral Resource 1,469,000oz (76Mt @ 0.60g/t Au at 0.23g/t Au cut-off) For personal use only 3D Oblique view
Slide 5: Simple Metallurgy – Apollo's Biggest Cost Differentiator
Simple Metallurgy – Apollo’s Biggest Cost Differentiator Excellent Gold Extraction Characteristics for Easily Recoverable Gold HEAP LEACHING Gold Grains Efficient, Low Cost Recovery Route For personal use only Excellent recovery – +74% - 85% in columns Flat grade recovery curve – +77% at 0.2g/t
Slide 6: Apollo Hill 2022 Mineral Resource Scalability
Apollo Hill 2022 Mineral Resource Scalability SW NE Low 2’s strip ratio, more 0.35km ounces in shell TOPO BOCO For personal use only Thick ore zones +100m TOFR Bulk Tonnage Bigger selective mining units, economies of scale and lower operating cost Drill Holes April 2022 Mineral Resource (wit
Slide 7: Preliminary Economic Assessment Studies Underway
Preliminary Economic Assessment Studies Underway With Continuing Success and ‘Stage Gate’ Planning Lead into a PFS Initially targeting 10Mtpa for 8 Years from Current Resource For personal use only • +100koz Per Annum Recovered in Low Cost Production Scenario • Preliminary Site Layout being Improved
Slide 8: Bulk Sample Pit and Pilot Plant Planning and Permitting Studies Commenced
Bulk Sample Pit and Pilot Plant Planning and Permitting Studies Commenced Design Concept 1Mt @ 0.6g/t Au For 19.5koz mined and 14koz recovered For personal use only ASX:STN | www.saturnmetals.com.au 8
Slide 9: Pilot Plant Grade Control Drilling Excellent Results from Surface
Pilot Plant Grade Control Drilling Excellent Results from Surface • 55m @ 2.12g/t Au from 0m – AHRC0897 6774000N 6772000N 372000E including 19 m @ 5.59g/t Au from 0m including 10m @ 10.40g/t Au from 6m For personal use only • 36m @ 2.34g/t Au from 0m – AHRC0896, 3D Oblique view Looking North-West in
Slide 10: Pilot Plant Grade Control Drilling – Outcropping Higher Grade Shoots
Pilot Plant Grade Control Drilling – Outcropping Higher Grade Shoots • Higher-Grade Shoots Intersected 6774000N 6772000N 372000E • Minimal Non-Mineralised Material in Bulk Sample Pit • Highlights Increased Potential for Repeat Shoots Higher-Grade Across the Deposit For personal use only 250m ASX:STN
Slide 11: Grade Control Implications & Opportunity
Grade Control Implications & Opportunity • Three Areas with Grade Control Style Drilling Show Integrity of the Mineral Resource 6774000N 6772000N 372000E • Footwall – Infill Drilling Planned to Test for Additional Higher-Grade Shoots For personal use only 3D Oblique view Looking North-West 250m Imag
Slide 12: Development Plan
Development Plan Timeline To Pilot Scale and Full Scale Production For personal use only ASX:STN | www.saturnmetals.com.au 12
Slide 13: Resource Extension – Apollo Hill Corridor
Resource Extension – Apollo Hill Corridor Strong Intersections Provide Expansion Opportunities on Multiple Shallow Fronts Thick, shallow, and high-grade For personal use only intersections from reverse circulation drilling includea: • 7m @ 11.18g/t Au from 172m – AHRC0813 • 27m @ 0.51g/t Au from 50m
Slide 14: Resource Comparison Peer Group – Aspirational Goals
Resource Comparison Peer Group – Aspirational Goals Round Mountain, USA Tujuh Bukit, IDN Kinross Gold Corporation Apollo Hill Moves into Bulk Merdeka Copper Gold* Apollo Hill, AUS Tonnage Economic Space: Saturn Metals For personal use only Grade Scale Bald Mountain, USA Kinross Gold Corporation
Slide 15: Regional Potential – Important Corridor Yielding Results
Regional Potential – Important Hyperion (Assays Corridor Yielding Results Pending) Satellite Prospects Developing • ~1,000km2 of Greenfields land package starting to yield results For personal use only • 14 Prospects To Date Apollo Hill • Evidence of a continuous gold system outlined in drill inters
Slide 16: Plan and Budget – 2023-2024
Plan and Budget – 2023-2024 Targeting Release of Preliminary Economic Assessment (PEA) Planned: • Targeting Additional Resource Upgrade and PEA Leading into a Pre-Feasibility Study (PFS) • Target Bulk Sample Pit and Pilot Heap Leach Plant For personal use only • Ongoing Exploration Drilling Campaign
Slide 17: Disclaimer & Competent Person Statements
Disclaimer & Competent Person Statements GENERAL The Company has prepared this presentation. Whilst the information contained in this presentation has been prepared with all reasonable care from information provided by the Company and from sources, which the Company believes are reliable, no respons
Slide 18: Appendix A Resource Comparison – Peer Group Data
Appendix A Resource Comparison – Peer Group Data Mineral Resource Measured Indicated Inferred Total Source Company Desposit Stage Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces For personal use only 1 Kinross Gold Corporation Bald Mountain Production 9,150,000 0.8 23