Metal Bank Ltd · ASX:MBK
Metal Bank — Investor Presentation (December 2017)
30 slides from Metal Bank's investor presentation, December 2017
Slide 1: Growth After Discovery
GROWTH AFTER DISCOVERY DECEMBER 2017 ASX: MBK
Slide 2: Disclaimer
Disclaimer Purpose of this document This presentation has been prepared by Metal Bank Limited (“MBK") for general information purposes only using the information available to MBK at the time of publication. No reliance The information contained in this presentation is not investment, tax, accounting
Slide 3: Metal Bank Limited
Metal Bank Limited Gold – Exploration – Discovery – Development Triumph Project Multiple high grade near surface discoveries in 12 months Drilling underway to develop a multiple open pit mining concept Bulk tonnage Au-Cu-Mo potential defined Eidsvold Project 18Moz Au established Early succes
Slide 4: Our Team
Our Team discovery – financing – development – M&A Inés Scotland Over 25 years in the mining industry – founding shareholder and MD of Citadel through its massive growth during the discovery/development of the Jabal Sayid copper project in Saudi Arabia and $1.3B sale Chair in 2011. Inés has raised
Slide 5: Discovery Driven Growth
Discovery Driven Growth our strengths Track record of success – highly experienced board and management Exceptionally low cost exploration - $$ in the ground Organic growth – multiple high priority gold targets across two projects Exploration focused around Historical Goldfields – reduced risk
Slide 6: Corporate Overview
Corporate Overview Metal Bank Limited ASX: MBK 12 month share chart 0.04 Shares 881.6M 0.03 Options @ 3c 182.8M 0.02 Share price @ 24 Nov 2017 2.0c Cash 1 A$5.5M 10M Market cap A$17M Board and Management Inés Scotland Non-Exec Chair Top 20 shareholders 61% Tony Schreck Managing Director Guy Robertso
Slide 7: Triumph Project
Triumph Project 15km2 gold system Open Pit Mining Concept Multiple near surface high-grade Au-Ag intersections from limited drilling Drilling to develop Open Pit Mining Concept Bulk tonnage Au-Cu-Mo Potential defined– similar to other intrusion related large gold deposits in Qld Large 15km2
Slide 8: Triumph Project
Triumph Project high-grade Au-Ag open pit potential Bald Hill Advance 15m @ 10.3g/t Au Historical underground from 9m mines 100m depth – no previous drilling New Constitution 10m @ 26.9g/t Au Super Hans from 51m 3m @ 6.5g/t Au from 6m Big Hans 18m @ 4.0g/t Au from surface Multiple targets for open p
Slide 9: Triumph Project
Triumph Project looking through cover with geophysics Resistivity IP Chargeability IP 9
Slide 10: New Constitution
New Constitution high-grade Au-Ag open pit potential New Constitution 10m @ 26.9g/t Au, 165g/t Ag, 6% Zn from 51m Multiple high-grade structures identified RC and bedrock drilling planned Oct 2017 High Zn in outer halo of gold system similar to other large gold deposits in Qld 10
Slide 11: New Constitution
New Constitution outer halo to large gold system Au-Ag-Zn mineralisation – follow deeper Plan Near surface resource potential Long section Au-Ag-Zn 11
Slide 12: Big Hans – Super Hans
Big Hans – Super Hans high-grade Au-Ag open pit potential Big Hans 18m @ 4.0g/t Au from surface Super Hans 3m @ 6.5g/t Au from 6m Early success with initial drilling RC and bedrock drilling planned Oct 2017 Two target feeder pits 12
Slide 13: Big Hans
Big Hans new 1.5km x 0.4km high-grade Au-Ag corridor Big Hans – 18m @ 4.0g/t Au, 15g/t Ag from surface 13
Slide 14: Super Hans
Super Hans new 1.5km x 0.4km high-grade Au-Ag corridor Super Hans – 3m @ 6.5g/t Au, 13g/t Ag from 6m 14
Slide 15: Bald Hill
Bald Hill high-grade Au-Ag open pit potential Bald Hill 15m @ 10.3g/t Au from 9m Mineralisation now defined over 2.4km Only 400m of strike drill tested to date RC and bedrock drilling planned Oct 2017 15
Slide 16: Bald Hill
Bald Hill now defined over 2.4km First Modern Exploration Near surface high-grade Au-Ag 16
Slide 17: Advance
Advance high-grade Au-Ag open pit potential Advance Historical underground mines 100m depth Extensive historical workings No previous drilling RC and bedrock drilling planned Oct 2017 17
Slide 18: Triumph Project
Triumph Project bulk tonnage Au-Cu-Mo Initial drilling at Chief Adachi indicates a ‘sideswipe’ or ‘near miss’ to a compelling IP geophysics resistivity low / bulk tonnage Au-Cu-Mo target Alteration typical of the outer zone of a large intrusion related gold system Drill Core The first of nine target
Slide 19: Triumph Project Strategy
Triumph Project strategy Open Pit Mine Concept 5,000m of RC and diamond drilling targeting High-grade Au-Ag near surface resource multiple open pit mining concept – four feeder pits with potential for additional pits Shallow mining, low strip ratios, low cost Bulk tonnage Au-Cu-Mo potential
Slide 20: Eidsvold Project
Eidsvold Project past production (100,000oz) early 1900’s South East Queensland 250km2 of virtually unexplored, prospective 18Moz Au gold district fertile intrusive complex – 85% under sediment cover Entire intrusive complex secured Magnetite destruction (magnetic lows) an important targeting
Slide 21: Eidsvold Project
Eidsvold Project first mover advantage / opportunity Early success targeting magnetic lows under sediment cover 21
Slide 22: Eidsvold Project
Eidsvold Project strategic goals Achieve Exploration Success – continue to use geophysics to target large gold systems concealed by sediment cover around an historical goldfield. RC drilling of targets identified 22
Slide 23: Programme Ahead
Metal Bank Limited programme ahead Triumph Project Multiple Open Pit mining concept Drilling for a near surface JORC Resource High-grade Au-Ag potential feeder pits near surface - RC Drilling 5,000m (New Constitution, Advance, Big Hans, Super Hans, Bald Hill) Bulk tonnage Au-Cu-Mo upside – f
Slide 24: Planning to Deliver
Metal Bank Limited planning to deliver Significant drilling programme commencing October 2017 Multiple open pit mining concept with potential for strong, near-term growth Potential to define a long life bulk tonnage Au-Cu-Mo system Motivated management team who have skin in the game and have
Slide 25: Contact Us
Metal Bank Limited contact us ASX Code: MBK www.metalbank.com.au Tony Schreck Managing Director +61 419 683 196 tony@metalbank.com.au “Go out and find me 100,000oz Au….. ……….and then grow it to 10Moz Au” 25
Slide 26: Appendix
Appendix 26
Slide 27: Mt Wright Deposit in Nth Qld
Mt Wright Deposit in Nth Qld discovery using metal zoning Zn-Ag-(Au) Triumph Project 200m Outer halo New Constitution Au-Bi-Cu-Ag Mt Wright Gold Deposit 1.3M Oz 600m Au-Bi-Cu 1000m From Resolute Mining 2016 - Mt Wright Gold Mine 27
Slide 28: Intrusion Related Gold Systems (IRGS)
Metal Bank Limited intrusion related gold systems (IRGS) Many large gold mine examples in Eastern Australia and SE Qld Potential to form giant deposits (Tier 1) Spectrum of overlapping deposit styles and structural settings - High-grade to bulk tonnage 28
Slide 29: Triumph Project
Triumph Project multiple gold systems are connected High grade Au-Ag represents leakage around bulk tonnage Au-Cu-Mo targets 29
Slide 30: Advance
Advance historical underground mines First modern exploration – no previous drilling 1906 30