Metalstech Ltd · ASX:MTC
Metalstech — Investor Presentation (July 2021)
23 slides from Metalstech's investor presentation, Jul 9, 2021
Slide 1: Funded for Resource Expansion & Scoping Study
“Funded for Resource Expansion & Scoping Study” July 2021 1
Slide 2: Disclaimer
DISCLAIMER FORWARD LOOKING INFORMATION & COMPETENT PERSONS STATEMENT Important Information This presentation has been prepared and issued by MetalsTech Limited (the “Company") to inform interested parties about the Company and its progress. The material contained in this presentation sets out genera
Slide 3: Snapshot
SNAPSHOT ASX:MTC | FRA:MT1 Capitalisation Data Share Price A$ 0.25 (as at 8 July 2021) Cash at Bank A$ $6.8M (as at 8 July 2021) Debt A$ $1.1M (Redeemable Notes due September 2021) Shares on Issue 158,677,638 Market Cap (MC) A$ 39.7M JORC (2012) Resource Au #1.54 Moz (AuEq) (1.63 Moz) Enterprise Val
Slide 4: JORC Resources: Growing a world class deposit
JORC RESOURCES Growing a world class deposit Updated Sturec Mineral Resource Estimate Resource Estimate above 0.26 g/t Au cut-off and within an optimised open pit shell Resource Tonnes (kt) Au (g/t) Ag (g/t) AuEq (g/t) Au (koz) Ag (koz) AuEq (koz) Category Measured 15,340 1.43 12.04 1.53 704 5940 75
Slide 5: Funded with Pending Shareholder Return: $18M deal with Lithium Royalty Corp
FUNDED WITH PENDING SHAREHOLDER RETURN $18M deal with Lithium Royalty Corp ▪ PART 1: (PAID) $6.65 million cash payment by LRC in consideration of the granting up to 4% Gross Revenue Royalty over non-core lithium assets ▪ MTC retains gold rights over tenements ▪ paid to MTC to accelerate development
Slide 6: Catalysts: Growing a world class deposit
CATALYSTS Growing a world class deposit JORC (2012) GOLD RESOURCES Cutoff Tonnes Au Grade Ag Grade Contained Contained Grade (Kton) (g/t) (g/t) Gold (Koz) Silver (Koz) 0.26 38,500 1.23 8.8 1,522 10,930 0.5 28,735 1.51 10.59 1,394 9,786 1 16,164 2.13 14.29 1,107 7,428 2 6,103 3.27 19.55 641 3,837 3 2
Slide 7: Catalysts: Low market capitalisation per Ounce of Gold
CATALYSTS Low market capitalisation per Ounce of Gold MARKET CAPITALISATION PER GOLD OUNCE $26 7 # See source data: Appendix A
Slide 8: Catalysts: High resource confidence
CATALYSTS High resource confidence MEASURED + INDICATED RESOURCES 93% 8 # See source data: Appendix A
Slide 9: Sturec Neighbourhood
STUREC Neighbourhood ▪ Western Tethys orogenic belt location ▪ Rozalia mine producing a gold concentrate from underground mining 30km south of Sturec ▪ Geological belt is littered with other major miners targeting large porphyry and epithermal style deposits 9
Slide 10: Sturec Highlights
STUREC Highlights ▪ 1.5Moz gold and 6.7Moz silver historic production ▪ #JORC (2012) Resource of 1.54Moz of gold and 10.99Moz of silver ▪ # High grade subset of 658Koz gold at 3.27 g/t Au ▪ 93% Measured + Indicated Resource Category ▪ Significant resource expansion potential # See ASX announcements:
Slide 11: Sturec Development Strategy
STUREC Development Strategy ▪ Massive resource growth potential - Epithermal style deposit >3Moz already including significant prior production of gravity gold ▪ Mineralisation known over 5km strike and open in all directions ▪ Previous owners focused on very large open cut with potentially large en
Slide 12: Sturec: Outstanding phase I step out drilling
STUREC Outstanding phase I step out drilling UGA-16: 70m @ 9.23 g/t Au and 7.8 g/t Ag UGA-15: 124m @ 1.47 g/t Au and 11.6 g/t Ag RESOURCE UPGRADED UGA-14: 108m @ 2.22 g/t Au and 7.6 g/t Ag TO 1.54 Moz UGA-13: 19m @ 4.25 g/t Au and 3.7 g/t Ag UGA-12: 35m @ 3.73 g.t Au and 11.6 g/t Ag UGA-11: 111m @ 0
Slide 13: Mineral Resource: High grade subset
MINERAL RESOURCE High grade subset High grade subset of 658Koz gold at 3.27 g/t Au within 1.54 million ounce resource 13
Slide 14: Mineral Resource: High confidence
MINERAL RESOURCE High confidence 93% of the Mineral Resource sits in Measured + Indicated categories 14
Slide 15: Drilling Strategy: Targeting high grade plunge south along strike
DRILLING STRATEGY Targeting high grade plunge south along strike See ASX announcements: 11 June 2021 “MetalsTech hits record intercept at Sturec gold mine” 15
Slide 16: Visible Gold: Multiple VG occurrences in drilling
VISIBLE GOLD Multiple VG occurrences in drilling 16
Slide 17: Attractive Metallurgy: Simple processing potential
ATTRACTIVE METALLURGY Simple processing potential ▪ Excellent gold recovery on transitional (semi-oxidised) and sulphide (fresh) ore from the Andrej Adit within the Sturec Gold Mine using gravity separation and flotation ▪ Gravity gold recoveries range from 52% to 74% increasing to up to 88% after f
Slide 18: Catalysts: Leveraged for a re-rate
CATALYSTS Leveraged for a re-rate Additional ▪ Phase II of resource expansion Exploration Targets drilling at high grade plunging at Sturec zone at Sturec zone to commence in late June ▪ Further resource upgrade expected later this year ▪ Completion of scoping study using underground mining methods
Slide 19: Leadership: Leveraged skills & experience
LEADERSHIP Leveraged skills & experience Russell Moran – Chairman Dr Quinton Hills – Exploration Manager ▪ Proven resources investor, M&A specialist ▪ Experienced structural geologist and operator with a track record of major ▪ Responsible for the discovery of the 100 resource discoveries million to
Slide 20: Appendix A: Comparison Data
APPENDIX A Comparison Data Type of Share Company Code Stage Location Deposit Price Golden Rim Resources GMR Exploration Cote D'Ivoire OP $ 0.008 Prodigy Gold PRX Exploration Australia OP & UG $ 0.042 MetalsTech MTC Exploration Slovakia OP & UG $ 0.250 Classic Minerals CLZ Exploration Australia OP $
Slide 21: Appendix A: Comparison Data
APPENDIX A Comparison Data Market MC/Oz Code Shares Confidence Source Capitalisation ($A) ($A) GMR 2,670,349,679 $ 21,362,797 $ 15 Indicated/Inferred Company Website PRX 580,600,000 $ 24,385,200 $ 24 Indicated/Inferred RIU Presentation - May 21 (ASX) MTC 158,677,638 $ 39,669,410 $ 26 Measured/Indica
Slide 22: Appendix A: Comparison Data
APPENDIX A Comparison Data Measured & Owned Au Grade Code JORC Inferred JORC Indicated JORC Measured Indicated Resources (oz) (g/t) Resource GMR 1,400,000 1.40 43Mt @ 1.2g/t for 1.7Moz 7Mt @ 1.4g/t for 310Koz 22% PRX 1,010,000 2.00 13.5Mt @ 2.0g/t for 869Koz 2.2Mt @ 2.0g/t for 141Koz 14% MTC 1,539,0
Slide 23: ASX: MTC | FRA: MT1
ASX : MTC | FRA : MT1 MetalsTech Limited Suite 1, 44 Denis Street Subiaco WA 6008 Australia Russell Moran – Chairman - M +61 415 493 993 - russell@metalstech.net Gino D’Anna – Director - M +61 400 408 878 - gino@metalstech.net Nathan Ryan – Investor Relations - M +61 420 582 887 - nathan@nwrcommunic