Gold Mountain Limited · ASX:GMN
Gold Mountain — Shareholder Meeting (November 2019)
49 slides from Gold Mountain's shareholder meeting presentation, Nov 28, 2019
Slide 1: 2019 AGM Presentation
2019 AGM PRESENTATION Wabag Project, PNG: Prime real-estate in one of the world’s best mining belts November 2019
Slide 2: Disclaimer
DISCLAIMER This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may not be distributed in
Slide 3: Summary
SUMMARY Prime address in high-quality mining belt, next-door neighbour is 24 MOz+ Porgera Mine1. Drilling Monoyal on fourth hole MCD004 @450m depth. Trenching Monoyal continuing. Soil sampling program finished. Around 50 km of underexplored mineralised strike length covered by GMN tenement
Slide 4: Company Overview
COMPANY OVERVIEW Gold Mountain Limited is an Australian, publicly-listed company (ASX:GMN) exploring for gold and copper in the highly prospective Papuan Mobile Belt, Papua New Guinea. Flagship Wabag Project has three high-calibre targets, each with significant potential, based on results to dat
Slide 5: Prime Location
PRIME LOCATION The Papuan Mobile Belt (orange in figure on right) is host to many world-class deposits including Porgera (24 Moz), Ok Tedi (17 Moz), Frieda River (17 Moz) and Hidden Valley (29 Moz)1. GMN’s Wabag Project lies just 70 km ENE of the Porgera gold mine1, in an identical geological se
Slide 6: PNG: An Attractive Destination for Mining Investment
PNG: AN ATTRACTIVE DESTINATION FOR MINING INVESTMENT Exceptional mining destination with one of the highest Wabag District has key services in place: densities of Tier 1 gold-copper projects in the world, • Road link to coast including: Ok Tedi, Porgera, Frieda River, Wafi-Golpu, and many others
Slide 7: Key Personnel
KEY PERSONNEL STRONG TECHNICAL TEAM WITH PNG EXPERIENCE, REPUTATION AND RECORD OF DISCOVERY Sin Pyng (Tony) Teng Tim Cameron Syed Hizam Pay Chuan (Paul) Lim Patrick Smith Managing Director Chief Executive Officer Non-Executive Director Non-Executive Director Exploration Manager Mr. Teng has over 30
Slide 8: Exploration Licences
EXPLORATION LICENCES Gold Mountain holds a land area of over 2,500 km2, contained within eight Exploration Licences (ELs) and two Exploration Licence Applications (ELA). Before being secured by Gold Mountain, these licences were also under application by one of the world’s largest mining compani
Slide 9: Unexplored Lineament
UNEXPLORED LINEAMENT Many world-class mines in PNG are positioned on or near large NE-trending structural lineaments (thick black lines in image on right, White et al., 2014). These lineaments are widely believed to focus heat, intrusives and fluid flow, significantly increasing the potential fo
Slide 10: Mineralised Structural Corridor Identified on GMN Tenements
MINERALISED STRUCTURAL CORRIDOR IDENTIFIED ON GMN TENEMENTS 17 km-long structural corridor highlighted by a magnetic low1 Main Wabag prospects located within this corridor • Mongae Creek • Monoyal • K-Lam • Sak Creek • Mt Wipi (covered by new application) 1. See last page of this presentation fo
Slide 11: Neighbours
NEIGHBOURS Applications by GMN for adjacent ground are pending (ELA2632 and ELA2563). License renewal for EL2306 submitted in September. Warden’s hearings held in October for new application ELA2632 and renewals for EL2306, EL1966, EL1967 and EL1968. No objection. Area is considered prospect
Slide 12: Neighbours – QRL Resources Ltd
NEIGHBOURS – QRL RESOURCES LTD Exploring from 2011 to 2013. Currently partly held by Source: QRL Investor Presentation 11/2012 (https://bit.ly/2I5lY47) Property New Group Ltd (being renewed). NOTE similar NW-SE trend1. Tekem best drill intercepts: • TKD003: 3.8 m @ 11.84 g/t Au inc. 1 m @ 25.40
Slide 13: Share Structure
GMN CAPITAL STRUCTURE (OCT 2019) Market cap at $0.072 undiluted $43.9M SHARE STRUCTURE (609,849,859 shares) 52-week high $0.097 52-week low $0.041 GMN CAPITAL STRUCTURE (OCT 2019) SHARES % 1 CITICORP NOMINEES PTY LIMITED 62,044,433 10.17% HSBC CUSTODY NOMINEES 2 39,018,969 6.40% (AUSTRALIA) LIMITED
Slide 14: Community Engagement
COMMUNITY ENGAGEMENT From the start of exploration work, GMN has invested in building strong relationships with local communities. GMN maintains an open dialogue with surrounding tribes and actively works to inform communities about activities. Community support by building and maintaining inf
Slide 15: Current Snapshot of Exploration Status and Results
CURRENT SNAPSHOT OF EXPLORATION STATUS AND RESULTS
Slide 16: Monoyal Prospect
First Mineralisation Discovered at Mongae 2018 Q1 Abundant coarse, angular and crystalline gold MONOYAL PROSPECT discovered in the drainage system of valley1 Diamond Drilling DRILLING IN PROGRESS Two holes drilled in September 2018. Hole MCD002 2018 Q4 intersects wide zones of peripheral, sub-econom
Slide 17: Monoyal
MONOYAL PROGRESS Drilled: 950.50 m Planned: 1,325 m MCD003 finished at 500.50m MCD004 drilling in progress 1. Image includes new pXRF soil geochemistry results. See pg 43 for associated competent person statement.
Slide 18: Monoyal: MCD003
MONOYAL MCD003 08/11/2019 completed at 500.50m. Strongly fractured tonalite • (64.40-500.50m) Sulphide mineralisation occurring on fracture surface. Fractures significant • Up to 25 fractures and veins per metre over the mineralised interval. Average of 10/m 1. 1. No assays yet, visual appra
Slide 19: Fracture-Controlled
FRACTURE-CONTROLLED 30% sulphides on fracture 45% sulphides at fracture surface from 243.20m1. surface from 271.20m1. 1. No assays yet, visual appraisals are not estimates, company expects assays back in 2 weeks. 2. See last page of this presentation for references to Public Reports where these resu
Slide 20: Monoyal
MONOYAL PROGRESS Drilling started 12/11/2019 Current depth: 450 m Expected finish date 28/11/2019
Slide 21: MCD004 Mineralisation
MCD004 MINERALISATION Semi-massive sulphide mineralisation of Quartz vein at 292m with 30% 50% at 129m1. precipitated sulphides 1. 1. No assays yet, visual appraisals are not estimates, company expects assays back in 2 weeks. See pg 43 for associated competent person statement.
Slide 22: Monoyal: Auger Soil Sampling Update
MONOYAL AUGER SOIL SAMPLING UPDATE New auger soil sampling data added. Data indicates possible “new” anomaly still open the north where mineralised rock chip samples have been collected (assays pending) 1. Image includes new pXRF soil geochemistry results. See pg 43 for associated competent pers
Slide 23: Monoyal: Trenching Update
MONOYAL TRENCHING UPDATE Continuation with trenching in high mineralised zones. Current trenching of T7 at 434m. Planned a total of 2976m. 1. Image includes new pXRF soil geochemistry results. See pg 43 for associated competent person statement.
Slide 24: Monoyal: Trenching Update
MONOYAL TRENCHING UPDATE T7 trenching in progress Sample obtained on every metre
Slide 25: Monoyal: Drilling Programme
MONOYAL DRILLING PROGRAMME Completed Holes – MCD003 Currently Drilling – MCD004 Planned holes – Plan 03 – 09 Total holes for current programme at Monoyal is 9 holes (2 either completed or being drilled) Additional hole will be added dependent on results 1. Image includes new pXRF soil geoc
Slide 26: Video includes new pXRF soil geochemistry results. See pg 43 for associated competent person
1. Video includes new pXRF soil geochemistry results. See pg 43 for associated competent person statement.
Slide 27: Future Exploration 2020: Sak Creek & K-Lam
FUTURE EXPLORATION 2020 SAK CREEK & K-LAM 1. See last page of this presentation for references to Public Reports where these results were first published
Slide 28: Sak Creek
SAK CREEK MORE AND MORE DISCOVERIES ALONG NW STRIKE Sak Creek: Early days but showing all the right signs! Located in the valley adjacent to Mongae Creek, shows features characteristic of porphyry-style mineralisation1. Historic ridge- and spur soil sampling showed three distinct geochemical z
Slide 29: Sak Creek
SAK CREEK EARLY EXPLORATION RESULTS SHOW ENCOURAGING ANOMALIES Mineralised shear zones discovered at Sak Creek1 Fig: Consultant Geo Michael Lieu discussing mineralised outcrop - (https://www.youtube.com/watch?v= d_RfSygFRjA) 1. See last page of this presentation for references to Public Reports wh
Slide 30: Sak Creek
SAK CREEK SOIL GEOCHEMISTRY SHOWS SIZE OF ANOMALY Approximately 600 soil samples collected from Sak Creek1. Sak Creek - Zn Sak Creek - Cu NW-SE-orientated structures visible in the Zn and Cu geochemistry1. Similar orientation to regional structural corridor and the orientation of the mineralis
Slide 31: K-Lam
K- LAM RECENT DISCOVERY, LINKING THE CHAIN OF PROSPECTS K-Lam is located in the valley between Sak Creek and Mongae Creek. A 2018 reconnaissance programme at this prospect identified features indicative of porphyry-style mineralisation1. Follow-up mapping and sampling showed in situ elevated cop
Slide 32: K-Lam
K- LAM EXCITING EARLY RESULTS Further high-resolution mapping and creek sampling is planned to link Sak Creek and Mongae Creeks, with detailed trenching of exposed outcrop1. Au Cu Ag Zn Pb S As Fig: K-Lam mineralised outcrop discovery Material ppm ppm ppm ppm ppm % ppm A 0.11 9920 16.00 434 15.0 >
Slide 33: Our Mission and Your Return on Investment
OUR MISSION AND YOUR RETURN ON INVESTMENT: VALUE GENERATION THROUGH SMART EXPLORATION AND DISCOVERY CONTINUOUS POSITIVE NEWS FLOW ON EXPLORATION UPDATES
Slide 34: Monoyal
SE NW MONOYAL THE CLASSIC PORPHYRY FOOTPRINT….. Monoyal shows a strong coherent Cu-Mo-Au in-soil signature. A well-defined envelope of low Zn and Mn is coincident with the Cu-Mo-Au anomaly. Mongae Monoyal This is a substantial anomaly with a diameter of 1,200 m, and covering > 1.35 km2 1. See
Slide 35: Monoyal Comparisons
Monoyal - Cu (ppm) MONOYAL COMPARISONS Monoyal has clear similarities in soil geochemical signatures compared to world-renowned giant Tier-1 porphyry deposits1. The Elang Cu-Au porphyry deposit1 is associated with Pliocene quartz-diorite and tonalite intrusions within andesitic volcanics, simila
Slide 36: Monoyal Comparisons
MONOYAL COMPARISONS Monoyal Mo high Monoyal Mn low Monoyal Cu/Zn high Sol Gold’s Alpala Cu deposit in Ecuador1 also exhibits similar soil anomalism to Monoyal. Alpala shows soil Cu-Mo highs coincident with Mn and Zn lows. Monoyal coincident Cu-Mo geochemical signatures in soil, including high Cu
Slide 37: Value Creation Through Exploration: Stavely
VALUE CREATION THROUGH EXPLORATION STAVELY: AN EXAMPLE OF GMN’S ASPIRATIONS1 Stavely Minerals is an ASX-listed exploration company with a market cap of AUD 173.18M (2019). Acquired the Stavely project targeting a gold-copper porphyry deposit in Victoria in 2013. Listed on the ASX in May 2014 wit
Slide 38: Value Creation Through Exploration: SolGold
VALUE CREATION THROUGH EXPLORATION SOLGOLD: AN EXAMPLE OF GMN’S ASPIRATIONS1 SolGold LSE & TSX:SOLG, AIM/TSX listed exploration company market cap of AUD 60.7M (2016). In 2018, its exploration team drilled an intersection of 1,338 m at an average grade of 0.49% copper and 0.36 g/t gold at its Ca
Slide 39: Current Global Porphyry Exploration
VALUE CREATION THROUGH EXPLORATION CURRENT GLOBAL PORPHYRY EXPLORATION Around 32 projects world-wide currently developing or Graph shows that best drilling results (measured by exploring porphyry deposits (publicly listed)1 ‘AuEq x Interval Length’, size of circles) come from projects already de
Slide 40: Value Creation Through Sound Exploration
VALUE CREATION THROUGH SOUND EXPLORATION Location Secured 2500 km2 within fertile Papuan mobile belt, adjacent to Porgera gold mine, within a cluster or major mineral deposits. Sophisticated Ultra-detailed airborne geophysical surveys (2016) interpreted potential for major intrusive centres at m
Slide 41: Project Pipeline
PROJECT PIPELINE ? ? ? Monoyal ? 17 km of mineralised trend to explore and that is only half of what the tenements cover!
Slide 42: Funded to Explore & Drill Monoyal
FUNDED TO EXPLORE & DRILL MONOYAL Timeline Exploration: Prospect Generation • Ongoing regional soil geochemistry Ground Exploration Resource Soils, trenching, Exploration Drilling • Develop K-Lam and Sak Creek further AU$ 0.2 M Drilling mapping Monoyal Drilling Programme • 1,250 m diamond drilli
Slide 43: Compliance Statements
COMPLIANCE STATEMENTS Competent Person Statement The information in this report that relates to Exploration Results from Monoyal is based on information compiled by Patrick Smith, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. Patrick Smith is an external
Slide 44: Compliance Statements
COMPLIANCE STATEMENTS Reference To Previous Releases Exploration Results from Mongae Creek, Sak Creek and K-Lam referred to in this www.goldmountainltd.com.au. Gold Mountain Limited confirms that it is not aware of presentation have been previously announced to the market in the reports dated are an
Slide 45: Appendix 1: JORC Code Table – Sampling Techniques and Data
Appendix 1: JORC CODE, 2012 EDITION – TABLE 1 Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Commentary Sampling Nature and quality of sampling (eg cut The soil samples were collected along an 80 m by 80 m techni
Slide 46: Logging and Sub-sampling Techniques
Logging Whether core and chip samples have All drill-holes are geologically and geotechnically logged, been geologically and geotechnically and the data stored in a digital database. Information logged to a level of detail to support collected in logging is considered appropriate for future appr
Slide 47: Section 2 Reporting of Exploration Results
Location of data Accuracy and quality of surveys used to The drill hole sites were located using a hand-held points locate drill holes (collar and down-hole Garmin GPS Map 64ST GPS Unit units (lateral accuracy surveys), trenches, mine workings and <5 m). This is considered appropriate for this s
Slide 48: Exploration Done by Other Parties
Exploration done Acknowledgment and appraisal of All exploration programs conducted by Gold Mountain by other parties exploration by other parties. Limited. No previous exploration known in the area. Geology Deposit type, geological setting and EL2306 and EL1966 contain potential for potenti
Slide 49: Balanced Reporting
discovery being reported These should being generated, and will be finalised when assay include, but not be limited to a plan results are available view of drill hole collar locations and appropriate sectional views. Balanced Where comprehensive reporting of all All exploration results are repor