Slide 1: Unlocking Value Via Discovery In 3 World Class Jurisdictions
UNLOCKING VALUE VIA DISCOVERY IN 3 WORLD CLASS JURISDICTIONS IN AUST RAEIA LACHL AN FOLD) NSW PILBARA /WA FRASER RANGE WA Corporate Update May 2020 Matthew Banks - Executive Director ASX Code: FRN FRASE RANG METALS G
Slide 2: Disclaimer
Disclaimer • This presentation has been prepared by Fraser Range Metals Group Limited (FRN or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This
Slide 3: Corporate Overview
CORPORATE OVERVIEW DIRECTORS MATTHEW BANKS AIDAN PLATEL RANGE Executive Director Non - Executive Director erate) enous ALEX HEWLETT TOM BAHEN Non - Executive Director Non - Executive Director CONSULTING GEOLOGISTS PAULL PARKER DAMIEN KEYS MARKET CAP ON RAISE PERFORMANCE SHARES SHARE PRICE ee yee any
Slide 4: Gold Spot Value Drivers
Gold Spot Value Drivers - Unprecedented FED/ECB money printing - Where are the discoveries ? - Gold on the cusp of a powerful move - Production cuts for world’s largest producer 4
Slide 5: Path to Discovery
Path to Discovery: • Technical Team is the engine room • Position in World Class provinces • Size and Scale • Latest target generating technology • Under explored • Fertile system Clear Discovery strategy: • Highly critical technically • Happy to tread the untrodden path • Drill to discover • Unemot
Slide 6: Strategic landholding – Lachlan Fold
Strategic landholding – Lachlan Fold Lachlan Fold • 440M oz Au past production • World class province • Elephant country ie Cadia Gilmore Suture Controlled by majors: • Freeport McMoran • Evolution Mining • Newmont Mining • Sandfire Resources • Goldfields Limited Mt Adrah Project – 100% owned • High
Slide 7: Mt Adrah Project Metrics
Mt Adrah Project Metrics • On major terrain-bounding fault – Gilmore Suture • High grade gold historically mined – Adelong – 680k Oz Au • JORC Resource at Hobbs Pipe: – 770k oz Au at 1.1 g/t Au 1 • Previous works focussed exclusively on Hobbs Pipe • Granted tenure comprises 18km of strike of the Gil
Slide 8: High grade reef style gold targets
High grade reef style gold targets White Deer/Castor Reef • Intersected with 3 diamond holes • Significant workings at surface • 10m @ 17.7 g/t Au (GHD009) 2, incl. coarse visible gold • 550m of untested down dip potential Bangadang Reefs • Historical Adit • UG channel sample 3m @ 7.22g/t Au from So
Slide 9: Bulk tonnage Hobbs Pipe-style gold targets
Bulk tonnage Hobbs Pipe-style gold targets • Reprocessed existing IP data by guru Zion Geophysics • Persistent chargeable anomalies through multiple depth slices • None of the targets generated are adequately drill tested and many lack first pass soil sampling • Two drill ready targets within 200m o
Slide 10: Bulk tonnage Hobbs Pipe-style gold targets
Bulk tonnage Hobbs Pipe-style gold targets • Reprocessed existing IP data by guru Zion Geophysics • Persistent chargeable anomalies through multiple depth slices • None of the targets generated are adequately drill tested and many lack first pass soil sampling • Two drill ready targets within 200m o
Slide 11: Pilbara Gold – strategic land position
Pilbara Gold – strategic land position • Significant Mallina Gold Province land position – over 500 sq/kms - applications • De Grey’s “Hemi Discovery” possibly the biggest in Australia for a decade • Emerging world class gold province – 2.2 Moz resource defined (without Hemi) • Project package unexp
Slide 12: Pilbara Gold
Pilbara Gold • Berghaus Shear and parallel shears contain Mt Berghaus deposit, Cookes Hill deposit and the Hemi discovery • Demagnetisation of granite and adjacent stratigraphy suggest at least three NE striking shears continue through E45/5613 • On E45/5623 a north east striking shear zone is inter
Slide 13: Fraser Range
Fraser Range Project Metrics – • Province is home to the Nova and Mawson discoveries • Prospective for nickel, copper gold • Well positioned on the gravity high • Recent Drilling : • 31m @0.07%Cu from 144m, including 12m 0.09% Cu from 152m • 5m @ 0.13% Cu from 172m • Next steps: • PGE analysis • Pet
Slide 14: Right Team, Right Assets, Right Commodity
Key Investment Drivers • World Class provinces and belt fertility - confirmed • Hunting an elephant at Mt Adrah • High Priority gold targets to be drilled – “High Grade” and “Bulk Tonnage Pipe” • Strategic Pilbara landholding in Mallina Gold Province Right Team, Right Assets, Right Commodity 14
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Slide 16: References
References: 1. JORC (2012) Indicated and Inferred Resources. Refer to ASX Announcement by Sovereign Gold Company Ltd (now Force Commodities Limited) on 27/12/2013: https://www.asx.com.au/asxpdf/20131227/pdf/42lwgh4996pvch.pdf and Fraser Range Metals to Acquire Mount Adrah Gold Project on 28/08/2019