Manuka Resources Ltd · ASX:MKR
Manuka Resources — Investor Presentation (August 2022)
25 slides from Manuka Resources's investor presentation, Aug 22, 2022
Slide 1: Manuka Resources Limited – South Taranaki Bight Project
Manuka Resources Limited • Active gold & silver producer Exceptional exploration potential within the Cobar Basin • Valuable production infrastructure, strategically located August 2022 South Taranaki Bight Project • World class tier 1 project • Offshore Vanadium Titaniferous Iron Sands • West Coast
Slide 2: Corporate Summary
Corporate Summary (post acquisition assumptions) ASX: MKR Share price (5 August 2022) A$0.16 Shares on issue 465m Market capitalisation (undiluted) A$70m Options (exp. April & July 2023 @ 25c) 22.25m Options (exp. March 2023 @ 50c) 32m “Manuka intends to grow shareholder Options (exp. December 2024
Slide 3: Board of Directors & Management
(the management team has a combined shareholding in Manuka Board of Directors & Management Resources exceeding 40%) Dennis Karp – Alan Eggers – Nick Lindsay – Anthony McPaul – John Seton – Haydn Lynch – Toni Gilholme – David Power – Rod Griffith – Mining & Executive Chairman Executive Director Non-E
Slide 4: Our core projects – Cobar Basin
Our core projects – Cobar Basin Wonawinta Silver Project (100% owned & producing) Commenced 31-3-2022 – now largest primary silver producer in Australia Ag • Total resource 38.3Mt @ 41.3g/t Ag & 0.54% Pb (containing 50.94M oz Ag, 207,200t Pb)* • 515,000t stockpile grading 70g/t Ag – production under
Slide 5: Our core projects – the world class STB
Our core projects – the world class STB South Taranaki Bight Project (100% owned, BFS pending) Detailed PFS completed, BFS scheduled for completion within 12 months V Ti Fe • World class tier 1 resource – 3.8Bt Fe, vanadium and titanium • Targeted lowest quartile carbon emissions* for any Fe produce
Slide 6: Manuka's Gold and Silver Resource Base
Manuka’s Gold and Silver Resource Base On 29th July 2022 a Resource Update was announced for the Mt Boppy gold project through the ASX. On 1st April 2021 a Resource Upgrade was provided for Wonawinta Silver Project reflecting a 43% increase in the Measured and Indicated Resource Categories. Mineral
Slide 7: Major Producers, substantial discoveries within Cobar Basin
Major Producers, substantial discoveries within Cobar Basin Manuka currently exploring for: Manuka copper – gold Operating mines zinc – silver - lead Peel Mining Endeavor (Elura) Aurelia Metals Anchor Resources CSA Toho Zinc Mount Boppy Peak Glencore Sandfire Resources Hera - Nymagee Wonawinta Sourc
Slide 8: Leverage in the Cobar Basin
Leverage in the Cobar Basin *Cobar Regional Review highlights the following: Explorers >20 Operating Projects 6 Operating Plants 5 Manuka: existing 850k tpa leach plant plus potential to add similar size flotation circuit ~A$30m • provides improvements to own processing recoveries • provides additio
Slide 9: Silver production at Wonawinta
Mt Bopp gold exploration Silver Ag Silverproduction productionat Wonawinta at Wonawinta • 2022 and produce ~900,000oz Ag) • Wonawinta produced approx. 3.0Moz silver during 2012-2013 • JORC Ore Reserve Estimate expected mid-2022 • Previously Australia’s largest primary silver producer • JORC mineral
Slide 10: A very deep basin
A very deep basin The major producers in the Cobar basin all operate at substantial depth: • CSA copper gold mine >2.0km deep • Peak gold mine >1.0km deep • Endeavour lead, zinc, silver mine (now on C&M) >1km deep But Wonawinta silver oxide project is just 60m deep. *Wonawinta Deeps ‘proof-of-concep
Slide 11: Mt Boppy gold exploration
Mt Bopp gold exploration Mt Boppy (past, present & future) Mt Boppy historically produced 500koz @ 15 g/t from a very contained area Au Manuka commenced production of Mt Boppy ores in April 2020, our IPO estimated Phase 1 production of 22-24koz Au but delivered >41,000koz. Higher grades + plant oper
Slide 12: South Taranaki Bight Project
South Taranaki Bight Project • Offshore Vanadium Titaniferous Iron Sands • West Coast, North Island, New Zealand • World class project
Slide 13: South Taranaki Bight (STB): Vanadium, Titanium Iron Sands Project
South Taranaki Bight (STB): Vanadium, Titanium Iron Sands Project Manuka Resources Presentation | August 2022 13
Slide 14: STB Project Features
STB Project Features Proposed iron sand project from the South Taranaki Bight forecast to be in the bottom quartile of the global iron ore operating cost curve The project has the potential to recover 5Mt of iron ore per annum for minimum 20-year life of mine. The global seaborn market for iron ore
Slide 15: Achievements to Date
Achievements to Date Objective: To discover and develop Titanomagnetite Iron Sands offshore North Island NZ Project Expenditure: NZD$85m (AUD$76.50m equivalent) Granted EPA Project Mining Licence Delivered Environmental TTR PFS acquisition by MP55581 3.8Bt JORC Consents to Supreme Incorporated Manuk
Slide 16: STB Iron Sands Project: Environmental Advantages
STB Iron Sands Project: Environmental Advantages • Operation has small environmental footprint with only 300m x 900m area of disturbance at any time • Short term confined environmental impact with rapid recovery • Very low carbon emissions compared to other hard rock iron ore deposits • No impact on
Slide 17: STB Vanadium Titanium Iron Sand Resource
STB Vanadium Titanium Iron Sand Resource Vanadium Titanomagnetite Product Advantages: TTR has drilled a 1,043Mt JORC Resource in Stage 1 Mine Area • Exothermic • Fewer Impurities than Hematite Ores Minimum 20 year life of mine • Extends Life of Blast Furnace Hearths VTM Concentrate Grade • Reduced C
Slide 18: Integrated Mining Vessel (IMV)
Integrated Mining Vessel (IMV) Length 335m Breadth 60m Depth 26.25m Design Draught 12m Technology has been developed and utilised by De Beers Marine for over 40 years in their mining for diamonds off west coast of Southern Africa. De Beers Marine have provided a commissioning and operating solution
Slide 19: Summary of Estimated Costs
Summary of Estimated Costs Summary Estimated Operating Costs (C1) of STB Project (subject to completion of BFS). Commodity Prices June 2022 (Based on 72% operational availability after allowing for inclement weather in South Taranaki Bight.) • Iron Ore (62%Fe): US$119.60t 4.9Mtpa (concentrate $US Un
Slide 20: STB Iron Sands Project: Business Milestones & Working Assumptions regarding Timing
STB Iron Sands Project: Business Milestones & Working Assumptions regarding Timing (based on all NZ regulatory consents/permitting being granted and availability of finance) Commission & First Production Construction Contracts & Finance Build Final Design Metallurgical & BFS EPA Tests & Merge with C
Slide 21: Disclaimer
Disclaimer This disclaimer applies to this presentation and the information contained in it (the Presentation). By reading this disclaimer you the Company that a prospective investor or purchaser may require in evaluating a possible investment in the Company or agree to be bound by it. The Presentat
Slide 22: Appendix STB Iron Sands Project: JORC Resource Estimates
Appendix 1 STB Iron Sands Project: JORC Resource Estimates STB Mineral Resource Estimates Mineral Resources Concentrate Cut-Off Fe2O3 Fe Mt Mt Grade % % Mining Area 3.5% 1,043 11.28 75 56.31 Stage 1 DTR* Kupe Blocks 3.5% 655 10.97 45 56.73 North & South DTR* Mining Area 7.5% Stage 2 & 2,137 9.66 Fe2
Slide 23: Appendix STB Project Advantages
Appendix 2 STB Project Advantages An emerging vanadium titanium iron ore and marine mining technology player with large resource potential and competitive advantage resulting in operation to realise greater value over the medium to long term Experienced board and Early mover advantage DeBeers Marine
Slide 24: Appendix Offshore Drilling Technology
Appendix 3 Offshore Drilling Technology TTR Developed GPS Controlled RC Rig Launched from a vessel, drilling at water depths to 70m Offshore drill Samples Drilling depth holes collected >4,200 x 1m 11m 725 Samples TTR Marine Drilling Technology Utilized to Report: • Three Iron Sand Inferred and Indi
Slide 25: Appendix STB is an Active Petroleum Region
Appendix 4 STB is an Active Petroleum Region Manuka Resources Presentation | August 2022 25
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