Matsa Resources Ltd · ASX:MAT
Matsa Resources — RIU Explorers Conference 2023
29 slides from Matsa Resources's conference presentation, February 2023
Slide 1: Delivering Exploration Success
RIU Explorers Conference Delivering Exploration Success Matsa Corporate Presentation | February 2023 Paul Poli Executive Chairman ASX:MAT
Slide 2: Disclaimer and Forward Looking Statements
Disclaimer Disclaimer and Forward Looking Statements This presentation has been prepared by Matsa Resources Limited (“Matsa” or the “Company”). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentation may
Slide 3: Corporate Overview
Overview Corporate Overview Gold Resource* Resource Grade Top 20 Ownership DIRECTORS Paul Poli 886,000 oz 2.4 g/t 55% Executive Chairman Mr Poli is a CPA with over 34 years of business and corporate experience. He founded Matsa Resources and has spearheaded M&A deals with Panoramic, Bulletin, Westgo
Slide 4: Gold focus with a twist of lithium
Matsa Gold focus with a twist of lithium Gold PanAust • Existing 886koz resource at Lake Carey Gold Project • Currently drilling at Fortitude North to deliver maiden resource Kingsgate • Large 449km2 landholding in premier Laverton Gold district • Development studies ongoing at Devon Pit under JVA •
Slide 5: Lake Carey
Lake Carey
Slide 6: Lake Carey Gold Project
Lake Carey Lake Carey Gold Project Prime location and 100% owned • 449km2 land holding with excellent mining infrastructure • Largest tenement package in Lake Carey area outside of Goldfields and AngloGold • Adjacent to AngloGold’s Sunrise Dam operations Regionally significant Resources • Significan
Slide 7: Fortitude Gold Mine
Mining Fortitude Gold Mine Fortitude Open Pit delivers A$95M • 1km long open pit down to 190m depth • Granted Mining Lease with approved Mining Proposal allowing immediate start of mining • Mining study outlines production of 132,000oz across 30 months generating >A$95M surplus (@ A$2,400/oz) • Stud
Slide 8: Devon Pit
Mining Devon Pit Devon Open Pit delivers A$40.5M • Prepayment of $4M received by Matsa under JVA • Cash surplus of A$40.5M* at A$2,250/oz sale price ($2,000 optimisation) • Expected 12-month mine life • Granted mining lease • Planned production of 40koz Au • Operating cash cost of A$1,144/oz Au • Pr
Slide 9: Exploration
Growth Exploration World class setting • 449km2 high quality area in north-east goldfields region surrounded by world class mines • Multiple corridors along an extensive 94km of strike • Focus on resource growth targeting +1Moz baseline • Fortitude, Bindah and Wilga trends to deliver bulk of growth
Slide 10: Fortitude North drilling
Growth through exploration drilling Fortitude North drilling AIM: to define maiden resource - June quarter • Current ongoing drilling providing exceptional results: • 14m @ 4.59g/t Au from • 26m @ 3.22g/t Au from • 11m @ 4.20g/t Au from • 21m @ 3.62g/t Au from • 14m @ 2.87g/t Au from • Resource leve
Slide 11: Fortitude North long section
Growth through exploration drilling Fortitude North long section Open Open Long section above represents only half of the mineralized zone
Slide 12: Fortitude North long section
Growth through exploration drilling Fortitude North long section Open Strong potential to exceed Fortitude Mine resource
Slide 13: Western Granite tin / lithium belt - Thailand
Pink Panther (Kanchanaburi) lithium pegmatite outcrop striking to the NE Western Granite tin / lithium belt - Thailand
Slide 14: Thailand and lithium
New lithium story begins Kanchanaburi Thailand and lithium Ratchaburi Investing in Thailand is Good Timing TODAY • Arguably, Matsa holds the largest tenement applications for lithium exploration in south-east Asia • Excellent long term relationships with regulatory authorities • Matsa’s exploration
Slide 15: China and Lepidolite
Mining and Processing China and Lepidolite The common misconception is lepidolite is difficult or too expensive to process is false. Four producers in Jiangxi province, China, (referred to as “the lithium capital of Asia”) produce battery grade lithium carbonate exclusively from lepidolite. We need
Slide 16: China and lepidolite
Mining and processing China and lepidolite Currently, four producers in Jiangxi province produce lithium from lepidolite: Yongxing Material, Jiangte Motor, Nanshi Lithium and Feiyu New Energy. A variety of technologies are used, primarily at the roasting stage. These are being continually advanced i
Slide 17: Yongxing and lepidolite
Lithium mica Yongxing and lepidolite Yongxing state: New lepidolite processing plant for lithium extraction The company has mastered resources, from the complete industrial chain • Established in 2017 to produce battery grade lithium carbonate layout of mining, dressing and smelting, breakthroughs i
Slide 18: Yongxing and lepidolite
Mining and processing Yongxing and lepidolite Baishi Huashan Mining Area (lepidolite mine) Huaqiao Concentrator (processing plant)
Slide 19: Quality comparison of lepidolite and spodumene battery grade lithium carbonate
Mining and processing lepidolite spodumene Yongxing lepidolite Quality comparison of lepidolite battery grade lithium carbonate and spodumene battery grade lithium carbonate* * Source Yongxing 2023
Slide 20: What is Li2O DSO worth in AUD?
Business Case What is Li2O DSO worth in AUD? Core Lithium (ASX:CXO) sold 15K dry metric tonnes (dmt) @ 1.4% Li2O spodumene Direct Shipping Ore (DSO) for US$951/dmt* in January 2023 This is equivalent to A$984 for each 1% Li2O What does this mean? 1% DSO could have a value of A$984/tonne 2% DSO could
Slide 21: Thailand Turning the Page
Setting the scene Thailand Turning the Page Investing in Thailand is Good Timing today Kingsgate ($328M MC) • Kingsgate Consolidated Limited (ASX:KCN - MC $328M*) announcing expected recommencement of operations at the world class Chatree mine • Pan Asia Metals Limited (ASX:PAM - MC $53M*) targeting
Slide 22: Phang Nga
Thailand Phang Nga Rose Panther Lepidolite bearing outcrop Potential for DSO quality lepidolite from Rose Panther Whole rock analysis* (ALS) have returned assays of: • 1.77% Li2O (PNGRK013) • 2.91% Li2O (PNGRK014) • 2.57% Li2O (PNGRK021/1) • 2.35% Li2O (PNGRK021/2) • Mineralisation identified over a
Slide 23: Phang Nga
Thailand Phang Nga Rose Panther prospect Stream sediment anomalies • Stream sediment sampling and assay can be used to identify anomalism (blue outlines) and is fundamental to successful exploration in Thailand • 7 anomalies identified at Phang Nga • Rose Panther discovery demonstrates positive succ
Slide 24: Phang Nga
Thailand Phang Nga Lithium soil anomalism (SPLA 18/2565) • Soil sampling has defined anomalism over an area of approximately 1km x 800m using hand augering • Data suggests possibility of multiple stacked pegmatites (swarm) • Depth of cover 1-3m • Progressing application to granted tenement to enable
Slide 25: Kanchanaburi Lithium
Thailand lithium Pink Panther Kanchanaburi Lithium Poly Panther Assays results imminent • 7 km strike of lithium bearing pegmatites identified • 3 key prospects identified (Pink Panther, Black Panther and poly Panther) • LIBS analyser* has returned the following Li% readings: • 7.42% Li2O (3.45% Li)
Slide 26: Kanchanaburi Met Sample
Lithium Kanchanaburi Met Sample Pink Panther Black Panther
Slide 27: Ratchaburi Lithium
Thailand lithium Ratchaburi Lithium Assays results imminent • Multiple zones of lithium mica mineralisation identified • Bulk sample collected for characterisation test work with Yongxing • Progressing SPLAs to granted SPL to enable exploration drilling • ETA drilling May-June 2023 • LIBS analyser*
Slide 28: Timeline
Re rating catalyst Timeline Activity Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Linden Gold JVA pre payments ($4M) Corporate JVA Devon Pit feasibility and approvals JVA Devon Pit development approvals Magnetic surveys Fortitude North drilling Lake Carey Fortitude North maiden resource New Years
Slide 29: Contact Us
Contact Us Paul Poli Executive Chairman reception@matsa.com.au 29