Metal Hawk Ltd. · ASX:MHK
Metal Hawk — Investor Presentation (September 2020)
25 slides from Metal Hawk's investor presentation, September 2020
Slide 1: Investor Presentation
Investor Presentation A Western Australian exploration company focused on Gold and Nickel discovery September 2020
Slide 2: Disclaimer
Disclaimer Confidential This investor presentation (Presentation) is strictly confidential and is intended for the exclusive benefit of the person to which it is presented. It may not be reproduced, distributed or passed on, directly or indirectly, to any other person or published, in whole or in pa
Slide 3: Exploring for Gold and Nickel in World-Class Mining Districts
EXPLORING FOR GOLD AND NICKEL IN WORLD-CLASS MINING DISTRICTS ✓ Focused on early-stage discovery to generate maximum value growth ✓ Experienced team with specific WA Gold and Nickel Sulphide knowledge ✓ Eastern Goldfields projects located within 80km from Kalgoorlie ✓ Large ground holding in the Alb
Slide 4: Strategic Partners Secured
STRATEGIC PARTNERS SECURED WSA JV ✓ WSA to earn up to 75% on Emu Lake, Kanowna East and Fraser South Projects by spending $7m over 5 years ➢ Stage 1: $3m over 3 years for 51% ➢ Stage 2: $4m over 2 years for 75% ✓ MHK free carried to decision to mine ✓ MHK to retain gold rights at Emu Lake and Kanown
Slide 5: Directors and Management, IPO Snapshot
Directors and Management IPO Snapshot DIRECTORS APPOINTMENTS ENGAGED PARTY INDICATIVE TIMETABLE 2020 Legal Advisor HWL Ebsworth Brett Lambert - Non-Executive Chairman Lodge prospectus with ASIC Sep-20 Valuation and Resource Mining Engineer +30 years experience Independent Geologist Management Openin
Slide 6: Overview Goldfields Projects
OVERVIEW Goldfields Projects ➢ Close to Kalgoorlie, operating mills, infrastructure and services ➢ Underexplored projects prospective for gold and nickel sulphides ➢ Active exploration and drilling to provide strong news flow ➢ JV with WSA on key projects to fund nickel exploration ➢ MHK retains gol
Slide 7: Kanowna East Project
Kanowna East Project SURROUNDED BY MAJORS AND WORLD-CLASS GOLD AND NICKEL DEPOSITS ➢8km from Kanowna Belle gold mine (>6.4 Moz Au) ➢10km south along strike from Silver Swan (historical production of 130kt @ 5.2% Ni) ➢Underexplored ➢Gold and nickel hits from shallow drilling - not followed-up ➢WSA Ea
Slide 8: Kanowna East - Gold
Kanowna East - Gold AGGRESSIVE DRILLING FOR DISCOVERY ➢Sparsely drilled with shallow Aircore / RAB; – average hole depth 57m ➢Several untested historical gold anomalies generated, including 18m @ 1.2g/t Au from 60m (to end-of-hole) • Closest drillhole 800m along strike • Hosted within felsic rocks,
Slide 9: Kanowna East - Gold
Kanowna East - Gold AIRCORE DRILLING PLANNED WITH INITIAL FOCUS ON WESTERN FELSIC ROCKS NO E 27/596 DRILLING E 27/596 NO DRILLING Planned Drilling 180 holes ~12,000m 9
Slide 10: Kanowna East – Nickel
Kanowna East – Nickel GEOLOGICAL SETTING ➢Located ~10km south and along strike of Poseidon Nickel’s Black Swan Project: • Same ultramafic package as Silver Swan (Kambalda-style komatiite-hosted nickel) • Silver Swan surface expression only ~50m strike extent, no geochemical or EM surface signature ➢
Slide 11: Kanowna East – Nickel
Kanowna East – Nickel WSA TO FUND AGGRESSIVE EXPLORATION ➢Last drilled in 2005 by LionOre Nickel ➢Historical wide-spaced shallow drilling showed significant nickel anomalism, not followed up: • 21m @ 1.0% Ni (from 8m to EOH) • 23m @ 0.75% Ni (from 16m) • 14m @ 0.62% Ni (from 4m) 11 Geophysics and Dr
Slide 12: Emu Lake Project
Emu Lake Project GREENSTONE-HOSTED EXPLORATION TENURE ➢The right address - 70km NE of 65km2 Kalgoorlie, surrounded by majors ➢WSA Earning-in ➢MHK retains gold rights ➢Underexplored - Broad gold geochemical soil / auger anomalies ➢Ultramafic sequence prospective for nickel sulphides - Binti nickel pr
Slide 13: Emu Lake – Gold
Emu Lake – Gold BROAD GOLD GEOCHEMICAL ANOMALIES ➢MHK holds gold rights 100% ➢PoW approved to drill numerous untested gold targets E 27/562 ➢No modern systematic exploration ➢Surface gold geochemical anomalies undrilled, including: • Anomaly 2 - broad (2km x 1km) gold in soil / auger • Anomaly 1 – s
Slide 14: Clinker Hill Project
Clinker Hill Project NICKEL AND GOLD PROSPECTIVITY ➢25-35km ESE of Kalgoorlie ➢New tenure acquired north of Blair Ni mine ➢Majority of project area consists of high-MgO ultramafic rocks under shallow cover ➢Diamond drilling by MHK in May 2020, (HHM) intersected barren sulphides along target horizon
Slide 15: Overview Norseman and Albany-Fraser Projects
OVERVIEW Norseman and Albany - Fraser Projects Viking Gold Project ➢ High-grade gold system 30km ESE of Norseman Norseman East Project ➢ New ELA acquisition <10km from Norseman surrounded by gold deposits Fraser South Project CHN Earn-in ➢ Large landholding 80km south of Nova-Bollinger, with unteste
Slide 16: Norseman Gold Projects
Norseman Gold Projects VIKING GOLD PROJECT ➢Large gold system discovered in 2011 ➢Advanced prospects identified, with only shallow drilling to date ➢CHN to fund aggressive exploration and may earn a 70% interest by spending $2.75m over 4.5years NORSEMAN EAST PROJECT ➢Underexplored tenure adjacent to
Slide 17: Viking Gold Project – Beaker 2 Prospect
Viking Gold Project – Beaker 2 Prospect ➢EXTENSIVE ZONE OF HIGH GRADE SUPERGENE GOLD - 6m @ 64.0g/t Au from 50m - 4m @ 15.4g/t Au from 40m ➢BEDROCK UNTESTED - 3m @ 15.3 g/t Au from 28m - 11m @ 3.1g/t Au from 14m - 3m @ 8.2 g/t Au from 40m 15
Slide 18: Viking Gold Project – Beaker 4 Prospect
Viking Gold Project – Beaker 4 Prospect HIGH GRADE GOLD IN SHALLOW DRILLING ➢High-grade gold hosted in quartz- sulphide veining, including: - 7m @ 4.0g/t Au - 4.4m @ 6.6g/t Au - 6m @ 6.0g/t Au - 2.3m @ 5.8g/t Au ➢Extends from near surface to >100m ➢Open along strike and down-plunge 18
Slide 19: Norseman East Project
Norseman East Project (MHK 100%) OPPORTUNITY FOR DISCOVERY IN WORLD-CLASS GOLD CAMP ➢Newly acquired ELA ~35km2 ➢~5km north of Pantoro’s (ASX: PNR) Gladstone - Everlasting and Daisy gold deposits (current resources >250koz Au) PRIORITY TARGET AREA NO DRILLING ➢No gold exploration since since 1990s ➢T
Slide 20: Fraser South Project
Fraser South Project CONSOLIDATED TENURE IN ALBANY-FRASER ➢40km strike of N-S trending metamorphic rocks ➢Belt-scale prospectivity ➢Unexplored for Ni-Cu sulphides ➢The “Hawk Eye” feature - similar to that at Nova, visible in aeromagnetics ➢WSA Earning-In Fraser South Project ➢WSA to manage and fund
Slide 21: Significant Activity and News Flow
Significant Activity and News Flow Timeline Q3-CY20 Q4-CY20 Q1-CY21 Q2-CY21 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun ASX IPO Finalise Prospectus IPO roadshow and bookbuild Capital Raising, ASX Listing Exploration Activities Kanowna East Aircore Drilling phase 1 (~8,000m) phase 2 (~ 6,000m) Ge
Slide 22: Use of Funds Year 1
Use of Funds year 1 ➢+20,000m Aircore Project Activity Budget Total ➢Follow-up RC Kanowna East Aircore drilling $350,000 ➢Targeted ground EM RC drilling $200,000 Geophysics $50,000 $600,000 Emu Lake Aircore drilling $250,000 RC drilling $100,000 $350,000 Clinker Hill/ Blair Geophysics (EM) $80,000 A
Slide 23: www.metalhawk.com.au
www.metalhawk.com.au
Slide 24: Appendix: Additional information
APPENDIX: Additional information 24
Slide 25: Clinker Hill – Blair North tenements
Clinker Hill – Blair North tenements ➢ Option on 3 granted tenements immediately north of ➢Untested geochem anomaly in vertical RAB hole: Blair Nickel Mine - 4m @ 0.37% Ni, 357ppm Cu from 88m to EOH (1.26Mt @ 2.92% Ni, mined ‘08) Blair North tenements Clinker Hill tenements 25