Manuka Resources Ltd · ASX:MKR
Manuka Resources — Investor Presentation (October 2020)
23 slides from Manuka Resources's investor presentation, Oct 21, 2020
Slide 1: A Precious (Metals) Opportunity
For personal use only A Precious (Metals) Opportunity October 2020
Slide 2: Disclaimer
Disclaimer This disclaimer applies to this presentation and the information contained in it (the Presentation). By reading this disclaimer you agree to be bound by it. The Presentation has been prepared by Manuka Resources Limited and relates to its subsidiaries, related parties and any new assets o
Slide 3: Key points
Key points For personal use only • Australian domiciled gold and silver producer, located in the Cobar Basin, central west NSW • Generating cash from restart of mining operations • Gold production from Mount Boppy gold mine • Processing silver stockpile at Wonawinta silver mine • Planned restart of
Slide 4: Key points (continued)
Key points (continued) For personal use only • Other infrastructure includes airstrip, power and water, tailings storage facility 1 mining lease, 7 exploration leases, tenement package covering total of 920km2 • 100% owner of Mt Boppy gold project which includes: • Open pit mine (previous production
Slide 5: The Journey - so far
The Journey - so far (but we’ve only just begun!) For personal use only • June 2019 – Manuka completed the purchase of Mt Boppy Resources • July 2019 – Completed the required USD$14m debt facility • August to December 2019 – Commenced Wonawinta plant refurb & upgrade • February to April 2020 – Dewat
Slide 6: The Prolific Cobar Basin
The Prolific Cobar Basin For personal use only Endeavor (Elura) CSA Mount Boppy Peak Manuka Operating mines Peel Mining Hera - Nymagee Aurelia Metals Wonawinta Sandfire Resources* Anchor Resources Toho Zinc Glencore Sandfire Resources* Ground holdings in * Exploration license applications lodged, no
Slide 7: Building Shareholder Value - four avenues
Building Shareholder Value - four avenues Stage 1 Stage 2 Stage 3 Stage 4 For personal use only CY Q2 2020 – Q2 2021 CY Q3 2021 – 2026 CY Q4 2020 onwards CY Q4 2020 onwards Mount Boppy (gold production) Wonawinta (silver production) Mt Boppy (exploration Wonawinta (sulphide exploration • Complete in
Slide 8: Four Revenue Streams
Four Revenue Streams Mt Boppy gold production Wonawinta silver production Mt Boppy mk II Wonawinta Ag/Pb/Zn For personal use only Q2 2020 – Q2 2021 Q3 2021 – 2026 Q4 2020 onwards Q4 2020 onwards Gold production – mining Silver production – processing Additional gold discovery – Ag/Pb/Zn confirmation
Slide 9: Mount Boppy & the Canbelego-Mineral Hill trend
For personal use only Mount Boppy & the Canbelego-Mineral Hill trend Manuka Resources Presentation | Confidential October 2020 9
Slide 10: Mount Boppy – regional setting
Mount Boppy – regional setting Regional Geology For personal use only Mt Boppy is hosted within Devonian-age sedimentary and volcanic rocks of the Canbelego-Mineral Hill Rift Zone on the Kopyje Shelf. The Kopyje Shelf geology includes shallow-water siliciclastic sediments and limestone deposited ins
Slide 11: Mount Boppy – an exciting neighbourhood
Mount Boppy – an exciting neighbourhood For personal use only The Boppy South prospect (south of the Mt Boppy Gold Mine) has a resource of circa 9,000 oz Key Prospective Targets –headline historical numbers demand further exploration, currently being planned Birthday Prospect Canbelego King Reid Ran
Slide 12: Mt Boppy – existing pit and block model
Mt Boppy – existing pit and block model For personal use only Manuka Resources Presentation | Confidential October 2020 12
Slide 13: Mt Boppy – recent in-pit exploration
Mt Boppy – recent in-pit exploration For personal use only Section view looking east of Mount Boppy showing reported drill intercepts, other drill holes and interpreted extent of high grade mineralisation (dash line). Details of drill hole intercepts for reported results. Drill hole ID Drilled Depth
Slide 14: Mt Boppy – recent in-pit exploration
Mt Boppy – recent in-pit exploration Cross section through Mount Boppy drill hole MBRC016 looking north. Cross section through Mount Boppy drill hole MBGC0042 looking north. For personal use only Cross section through Mount Boppy drill hole MBRC017 looking north. Cross section through Mount Boppy dr
Slide 15: Wonawinta (Silver)
For personal use only Wonawinta (Silver) Manuka Resources Presentation | Confidential October 2020 15
Slide 16: Wonawinta – regional geology
Wonawinta – regional geology For personal use only The Manuka project lies on the western margin of the Cobar Basin within a tectono-stratigraphic unit known as the Winduck Shelf that bridges with the eastern border of the Darling Basin Stratigraphy in the local area comprises early Devonian shallow
Slide 17: Wonawinta – resources and reserves
Wonawinta – resources and reserves For personal use only Manuka expects to complete infill drilling necessary to bring out an Ore Reserve Estimate in accordance with JORC Code (2012) by end December 2020. Slide 23 highlights the quantities of high grade silver mineralisation within the existing reso
Slide 18: Capital Structure & Use of Funds
For personal use only Capital Structure & Use of Funds Manuka Resources Presentation | Confidential October 2020 18
Slide 19: Capital Structure
Capital Structure For personal use only Capital structure as at 30 September 2020 Shares (m) % Post IPO Escrowed Shares Escrowed shares 176.8 71% Free float 72.5 29% Total fully diluted shares on issue 249.35 100% Manuka management controlled 91.78 36.8% 29% Options (A$0.25 strike price) 3 year matu
Slide 20: Appendix
For personal use only Appendix Manuka Resources Presentation | Confidential October 2020 20
Slide 21: Board and Key Management
Board and Key Management For personal use only Dennis Karp Nick Lindsay Anthony McPaul Haydn Lynch David Power Executive Non-Executive Non-Executive Chief Operating Operations Chairman Director Director Officer Manager Mr Karp commenced his career in the Dr Nick Lindsay is an experienced mining Mr A
Slide 22: Wonawinta – Resource & Exploration upside
Wonawinta – Resource & Exploration upside Mineral Resource Estimate at Wonawinta was updated in accordance with For personal use only the JORC Code (2012) by Mining Associates Pty Ltd in 2016, and subsequently verified by SRK Consulting. Wonawinta Mineral Silver Estimate, cut-off 20 g/t Ag Resource
Slide 23: Wonawinta – Grade / Tonnage Curve
Wonawinta – Grade / Tonnage Curve For personal use only Manuka will be mining ore at economic cut-off grades Mining Scenarios A. @ cut-off grade 22g/t (global) • 40 Mt @ 42 g/t Ag (52 Moz Ag) B. @ cut-off grade 45g/t (global) • 10 Mt @ 70 g/t Ag (22 Moz Ag) C. @ cut-off grade 70g/t (global) • 4.5 Mt
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