Magnum Mining And Exploration Limited · ASX:MGU
Magnum Mining And Exploration — Investor Presentation (June 2019)
16 slides from Magnum Mining And Exploration's investor presentation, Jun 3, 2019
Slide 1: Gravelotte Update - May 2019
Magnum Mining and Exploration Limited Gravelotte Update ‐ May 2019 ASX:MGU
Slide 2: Disclaimer
Disclaimer The summary information contained herein has been provided by Magnum Mining and Exploration Limited (“Magnum” or the “Company”). No representation, expressed or implied, or warranty as to the accuracy or completeness of the information contained herein is made by any party and nothing con
Slide 3: Investment Highlights
Hard Rock Trial Mining of Gravelotte emerald project underway after successful conclusion of Trial Processing Phase 1. Near term commercial development opportunity with mining license and permits granted. Significant mining history and geological data, Investment resulting in a de‐risked opportunity
Slide 4: Corporate Overview
Corporate Overview Company overview: Capital structure as at 30 May 2019 • Magnum Mining and Exploration Limited (“Magnum” or the ”Company”) is Share price (A$) 0.081 focused on the development of its 74% owned Gravelotte Project Shares outstanding (m) 279.6 (“Gravelotte” or the “Project”), located
Slide 5: Project Overview - Gravelotte
Project Overview ‐ Gravelotte • Magnum’s 74%‐owned Gravelotte project is located in the Limpopo Province of South Africa. • Emeralds were discovered in the province in 1927 and since then, several companies have explored for and mined within the broader region for emeralds. • From 1929 to 1982 the t
Slide 6: Gravelotte Project - Site Photo
Gravelotte Project – Site Photo Plant & Offices Cobra North Pit Discovery Pit Runway Cobra South Pit 5
Slide 7: Exceptional Production History
Exceptional Production History • In the 1950’s & ‘60’s , Gravelotte was the largest emerald mine in the world, employing over 400 sorters, recovering a total of 112.7 million carats of emeralds over the life of operations. • Whilst a complete historical data package is not available, the data that h
Slide 8: Advanced Development Potential
Advanced Development Potential • Historic drilling and mining data confirms continuation of emerald grades and emerald bearing schist thickness at depth. • Significant tailings opportunity situated onsite. • Existing infrastructure in place. • Historic Cobra and Discovery pits targeted for near term
Slide 9: Extensive Existing and Maintained Infrastructure
• 55km from Phalaborwa and the Kruger National Park. Extensive • Serviced by ESCOM grid power and supplement by an onsite generator. Existing and • Major sealed road to mine gate. • Mine offices, laboratory, admin offices and clinic. Maintained • Workshop and garages. Infrastructure • Mine hostel th
Slide 10: Phase 1 - Trial Processing
Phase 1 – Trial Processing Successful completion of Phase 1 Trial Processing has allowed the Company to finalise the Phase 2 Hard Rock plant parameters. Results of Phase 1 Trial Processing: • Treated 256.6 tonnes of crushed dump material from four low grade and waste dumps and recovered 11,775 carat
Slide 11: Phase 2 Trial Mining - Key Parameters
Phase 2 Trial Mining – Key Parameters Milestones completed Mining completed and material stockpiled. Processing Plant Commissioned. XRF machine onsite and undergoing commissioning. Forward looking program • Tonnage to be processed : 8,000 tonnes of hard rock. Plant assembly. • Hard Rock Pits –
Slide 12: Phase 2 Trial Mining - Processing Flowsheet
Phase 2 Trial Mining – Processing Flowsheet Commentary • Run of Mine (ROM) dry crushed to ‐ 20mm. • Crushed material then wet and put through trommel to clean and reduce fragment size further. • Material then lightly dried before Plant crusher and trommel circuit. putting through XRF. • Post XRF mat
Slide 13: Phase 2 Trial Mining - Planned Timetable
Phase 2 Trial Mining – Planned Timetable September Quarter 2019 • Completion of processing 8,000 tonnes of hard rock. • Cleaning, sorting and grading of emeralds commences. December Quarter 2019 Emeralds – 3mm • Marketing of emeralds. • Auction of emeralds. Biotite schist host with emeralds 12
Slide 14: XRF Machine
XRF Machine • Well understood and proven technology. • Extensively trialed for emerald recovery. • High level of efficiency and accuracy. • Does not require extensive training. • XRF unit sourced from established industry participant. XRF Machine on site 13
Slide 15: Gravelotte Summary
Gravelotte Summary • Historic mining area with geology well known and understood. • Hard rock as well as tailings resource potential once economic parameters have been established. • Cobra branded emeralds in demand and well known in market place with discussions around the potential sale of product
Slide 16: Magnum Mining and Exploration Limited
Magnum Mining and Exploration Limited ABN 70 003 170 376 www.mmel.com.au Suite 2, Churchill Court 234 Churchill Avenue, Subiaco, WA, 6008 PO Box 8209 Subiaco East WA 6008 Australia (08) 6280 0245 info@mmel.com.au 15
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