Magmatic Resources Ltd. · ASX:MAG
Magmatic Resources — RIU Conference Sydney (May 2018)
23 slides from Magmatic Resources's conference presentation, May 10, 2018
Slide 1: Positioned for Discovery
For personal use only POSITIONED FOR DISCOVERY ADVANCED PORTFOLIO IN AUSTRALIA’S LEADING RESOURCE REGIONS magmaticresources.com ASX:MAG May 2018
Slide 2: Disclaimer Important Information
Disclaimer Important Information For personal use only Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward- looking information, including risks ass
Slide 3: Introduction
Introduction For personal use only • Four advanced projects in the East Lachlan, Australia’s largest Au-Cu porphyry region • Projects acquired from Gold Fields Limited (Mkt cap $US3.4b); who spent $13.5M on exploration and have 20% equity in MAG • MAG spent approx. $2m in past 12 months on explorati
Slide 4: Small-cap explorer with mid-cap portfolio
Small-cap explorer with mid-cap portfolio For personal use only • Four discovery-ready gold and copper focused exploration projects in the East Lachlan Fold Belt – Australia’s premier porphyry address with regional endowment greater than 66Moz gold & 11Mt copper • Strategic tenement acquisitions in
Slide 5: East Lachlan vs Yilgarn
East Lachlan vs Yilgarn Molong - Mineral For personal use only today Endowment Yilgarn 1973 • East Lachlan has great potential for major discoveries • Yilgarn 45 years of exploration and still major discoveries • Molong Volcanic Belt and Junee – Narromine Volcanic Belt are massively Junee – Narromin
Slide 6: East Lachlan vs Yilgarn: Mineral Endowment Potential over time
East Lachlan vs Yilgarn Mineral Endowment For personal use only Potential over time • East Lachlan is significantly underexplored compared to the Yilgarn • Yilgarn 45 years of exploration and still major discoveries • Molong Volcanic Belt and Junee – Narromine Volcanic Belt are massively underexplor
Slide 7: The right address in NSW: exploring with majors
The right address in NSW: exploring with For personal use only majors • Fortescue opened office in Orange and actively exploring for copper • Newcrest is actively exploring new greenfields projects • Evolution expanded Au resource from 4-8m oz in 3 years • Regis advancing 2.2m oz Au McPhillamys proj
Slide 8: Advanced NSW projects: tenements 1049km2
Advanced NSW projects: 8 tenements 1049km2 For personal use only • Wellington North Gold & Copper-Gold Project: containing historic gold mine and two targets with significant gold-copper intercepts • Moorefield Gold & Base Metals Project: 14km gold trend with significant gold intercepts from recent
Slide 9: Wellington North: Gold & Gold-Copper project
Wellington North: Gold & Gold-Copper project • Tenements cover large volcanic-intrusive centre in the northern For personal use only end of the Molong Rise, which hosts Newcrest’s Cadia Valley porphyry Au-Cu deposits • Mineralisation characterised by shallow to no cover – easy to explore and potenti
Slide 10: Moorefield: Gold & Base Metals project
Moorefield: Gold & Base Metals project • 15km Boxdale – Carlisle Reefs Gold trend: For personal use only ✓ aeromagnetic survey completed, interpretation in progress • Multiple VMS Copper and Polymetallic targets • Immediately adjacent to Australian Mines and Clean Teq Nickel/Cobalt/Scandium projects
Slide 11: Parkes: Copper-Gold & Gold project JV
Parkes: Copper-Gold & Gold project JV • JV with JOGMEC (Japanese government resources agency) is prospective for porphyry copper-gold, polymetallic skarn For personal use only mineralisation, and orogenic gold • Previous drilling at the MacGregors Gold Prospect identified gold associated with serici
Slide 12: Myall: Gold-Copper project
Myall: Gold-Copper project • Very large volcano-intrusive complex in the East Lachlan, similar age as Cadia Valley and Northparkes Au-Cu porphyry For personal use only systems • Gold Fields historically spent $7.5M on evaluating this Barina tenement as a high priority within the portfolio Gemini • B
Slide 13: Myall: Gold-Copper project
Myall: Gold-Copper project Kingswood Gold-Copper Prospect is a vein For personal use only and hydrothermal breccia porphyry system. Barina drill core (MYACD368) showing visible gold in quartz-carbonate-sericite- hematite-sulphide (pyrite-sphalerite) vein Kingswood South 6418200mN XS UNTESTED UNTESTE
Slide 14: Western Australia projects
Western Australia projects For personal use only • Portfolio diversified in 2018, picking up two greenfields exploration projects in proven mineralised district of the Yamarna belt • Mt Venn project covers 60% of the Mt Venn Igneous Complex and along strike of the copper-nickel-cobalt sulphide disco
Slide 15: Mt Venn: Copper-Nickel-Cobalt project
Mt Venn: Copper-Nickel-Cobalt project • Dominant landholding on the Mt Venn Igneous Complex For personal use only adjoining Great Boulder Resources’ (GBR) project • Recent discovery by GBR yielded wide zones of primary copper-nickel-cobalt sulphide mineralisation, including: ✓ 48m @ 0.75% Cu, 0.2% N
Slide 16: Mt Venn Copper-Nickel-Cobalt project
Mt Venn Copper-Nickel-Cobalt project • Rock chip sampling of gossan outcrop by previous For personal use only explorers returned best grades of 24% Cu, 13.2% Cu, 8.3% Cu and 6.7% Cu • Previous drilling recorded intersections including: MVRC010 ✓ 4m at 1.29% Cu, 0.68% Ni, 0.065% Co (MVRC010, from 33m
Slide 17: Corporate & Investment Profile
Corporate & Investment Profile For personal use only Tight capital structure Company Board and Exploration Team • 92m fully paid Ordinary Shares on issue, with Chairman, David Berrie • 60m or 65% (Founders and Gold Fields) Managing Director, David Richardson escrowed to 19 May 2019 • Market Cap appr
Slide 18: Peer Analysis
Peer Analysis For personal use only Magmatic Resources Ltd (MAG) believes that Impact Minerals Limited (IPT), Stavely Minerals Limited (SVY) and Great Boulder Resources Ltd (GBR) are useful ASX listed proxies to benchmark the potential market valuation of MAG against. MAG IPT SVY GBR Share Price $0.
Slide 19: On-the-ground activity since listing May 2017
On-the-ground activity since listing May 2017 For personal use only • Regional exploration spend of almost $3.5 million (including JV partner contributions) • All six of its New South Wales tenements acquired from Gold Fields renewed for 3 years during Q1 2018, with 100% renewal rate, and no relinqu
Slide 20: Exploration work completed since May 2017
Exploration work completed since May 2017 For personal use only Moorefield Gold & Base Metals Project: • RC drill program at Carlisle Reefs Gold Prospect in May/June 2017 (announcement 4 July 2017) • Follow-up RC drill program on Carlisle Reefs Gold Prospect in September 2017 (announcement 17 Octobe
Slide 21: Exploration work completed since May 2017
Exploration work completed since May 2017 For personal use only Wellington North Gold & Copper-Gold Project: • AC drill program targeting the Magmatic- identified Lady Ilse Gold Prospect in October 2017 (announcement 13 November 2017) • Follow-up RC drill program at Lady Ilse Gold- Copper Prospect i
Slide 22: Delivering to strategy
Delivering to strategy • Well positioned to take advantage of advanced For personal use only portfolio of targets, as gold prices continue to be buoyant and the copper supply/demand shortfall starts to be factored in by the market • Focused on near surface targets with best discovery potential • Act
Slide 23: Thank you
Thank you For personal use only Shareholders: Media: David Richardson Michael Cairnduff Managing Director Cannings Purple Email: richardson@magmaticresources.com Email: mcairnduff@canningspurple.com.au Phone Australia: +61 430 353 343 Phone Office: +61 8 6314 6300 Phone Japan: +81 70 1253 3343 Phone
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