E79 Gold Mines Limited · ASX:E79
E79 Gold Mines — RIU Resurgence Conference (December 2021)
22 slides from E79 Gold Mines's conference presentation, December 2021
Slide 1: E79 Gold Mines - Money in the Ground
E79 GOLD MINES Money in the Ground
Slide 2: Disclaimer
DISCLAIMER This presentation contains only an overview of E79 Gold Mines Limited(“E79" or the “Company”) and its activities and operations. The contents of this presentation, including matters relating to the geology and exploration potential of the Company’s projects, may rely on various assumption
Slide 3: Overview
OVERVIEW Good management – track record of discovery and successful development • 2008 Explorer of the Year (Integra Mining) • 2010 Miner of the Year (Integra Mining) • 2020 Craig Oliver Award Winner (Stavely Minerals) Good ground – two sizeable projects in prolific ‘world- class’ greenstone belts G
Slide 4: Corporate
CORPORATE Non-Executive Chair Chris Cairns Share Price $0.245 Shares on issue 65,074,824 Non-Executive Director Deborah Lord Market Capitalisation $16M Cash on Hand $8.7M Non-Executive Director Enterprise Value $7.3M Peter Ironside Board and Management Holding ~15.6% Chief Executive Officer Shares o
Slide 5: Projects
PROJECTS Two projects in the Eastern Goldfields of Western Australia 346 km2 of tenure in the Laverton Tectonic Zone - one of the world’s most prolific gold belts ~30Moz 337km2 of tenure in the Murchison Goldfields– ~30Moz of endowment “Money in the ground.”
Slide 6: Projects
PROJECTS Laverton South Project Relative to the north-central portions of the belt, the southern portion is under-explored Resources Historical Production Endowment Meas & Ind Inf Deposit Tonnes Tonnes Tonnes Grade Ounces (kt) Grade Ounces Grade Ounces Ounces (kt) (kt) Granny Smith - - 5,100,000 3,5
Slide 7: Projects
PROJECTS Laverton South Project 100% owned Lake Yindana E28/2659 JV with St Barbara in the Pinjin area (E79 earning to 51% by $310,000 expenditure, +29% for $500,000 expenditure) Recent + 1Moz discovery at Bombora Recent +1Moz discovery at Rebecca / Duchess “Money in the ground.”
Slide 8: Projects - Lake Yindana
PROJECTS Laverton South Project – Lake Yindana First-mover opportunity GSWA maps show the tenement is less prospective granite (not correct) Discouraged historic exploration – only 65 RAB drill holes, huge areas not explored “Money in the ground.”
Slide 9: Projects - Lake Yindana
PROJECTS Laverton South Project – Lake Yindana Magnetics and recently acquired gravity clearly show that the tenement is underlain by ~25km of greenstones This is supported by the limited historic RAB drilling finding various lithologies: - Dolerite - Gabbro - Gneiss (Rebecca host) - Ultramafic (Ni
Slide 10: Projects - Lake Yindana
PROJECTS Laverton South Project – Lake Yindana Multiple targets Greenstone - ~25km long - underexplored Potential intrusions - Identified from the recent gravity - Intrusion and pressure shadows “Money in the ground.”
Slide 11: Projects - Lake Yindana
PROJECTS Laverton South Project – Lake Yindana Magnetics and gravity clearly show that the tenement is underlain by ~25km of greenstones Given the distinct lack of previous exploration, effectively E79 has a ‘first-mover’ opportunity: ‘…the largest deposits in any particular search space are usually
Slide 12: Projects - St Barbara JV
PROJECTS Laverton South Project - St Barbara JV A series of tenements along strike north and south of the Anglo Saxon (Trouser Legs) Gold Mine, Pinjin Goldfield In conjunction with the Lake Yindana tenement, the tenure controls the north and south strike extensions of the Rebecca / Duchess discoveri
Slide 13: Projects - St Barbara JV
PROJECTS Laverton South Project - St Barbara JV A series of tenements along strike north and south of the Anglo Saxon (Trouser Legs) Gold Mine, Pinjin Goldfield Gold found within Pinjin Shear, on contact between felsic volcanic sediments and intermediate schist Image: Anglo Saxon open pit Mineral Re
Slide 14: Projects - St Barbara JV
PROJECTS Laverton South Project - St Barbara JV Targeting completed by St Barbara – walk-up drill targets including - T1 - T2 - T3 - T4 Kirgella’s Gift RC drilling results include: 33m @ 3.10g/t Au from 51m (Renaissance Minerals Limited, ASX announcement, 11 April 2011) “Money in the ground.”
Slide 15: Target 1 - St Barbara JV (south tenements)
PROJECTS Target 1- St Barbara JV (south tenements) 10+ km long stratigraphic target Historic drilling shows mineralisation Not followed up “Money in the ground.”
Slide 16: Target 3 - St Barbara JV (south tenements)
PROJECTS Target 3- St Barbara JV (south tenements) 600m long, 300m wide zone of anomalous drilling results Open to the south Not followed up “Money in the ground.”
Slide 17: Target 4 - St Barbara JV (north tenements)
PROJECTS Target 4- St Barbara JV (north tenements) On side of intrusion Shallow gold Mineralised to EOH Not followed up “Money in the ground.”
Slide 18: Neighbours
NEIGHBOURS Laverton South Gold Project Apollo Consolidated +1 Moz resource Breaker Resources +1 Moz resource Carasue Dam +2 Moz resource St Barbara “Money in the ground.”
Slide 19: Murchison Project - Jungar Flats
PROJECTS Murchison Project - Jungar Flats 337km2 of tenure Murchison Goldfields >30 million ounces ~50km of strike along the Big Bell Shear and associated structures “Money in the ground.”
Slide 20: Jungar Flats Project
PROJECTS Jungar Flats Project Walk-up drill targets include: • 6km-long gold anomaly (BHP) – best 6m @ 0.17g/t Au, lack of follow-up • T1975-1,2 & 3 (Newcrest) – best 4m @ 0.61g/t Au Extensive hardpan cover – most surface geochemistry exploration methods (e.g. soil / auger sampling) not effective “M
Slide 21: Summary
SUMMARY The Recipe Good management – track record of discovery and successful development • 2008 Explorer of the Year (Integra Mining) • 2010 Miner of the Year (Integra Mining) • 2020 Craig Oliver Award Winner (Stavely Minerals) Good ground – two sizeable projects in prolific ‘world- class’ greensto
Slide 22: Thank you
E79 GOLD MINES Committed to a sustainable future Thank you “Money in the ground.”
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