Matsa Resources Ltd · ASX:MAT
Matsa Resources — Investor Presentation (May 2019)
23 slides from Matsa Resources's investor presentation, May 8, 2019
Slide 1: A Vibrant and Growing Gold Producer in a World Class District
A Vib rant and Gro w ing Go ld Pro d ucer in a W o rld Class Dist rict May 2019 - Sydney Paul Poli Executive Chairman
Slide 2: Important Notice
IMPORTA NT NOTICE Disclaimer and Forward Looking Statements Competent Persons Statements This presentation has been prepared by Matsa Resources Limited (“Matsa” or the “Company”). Exploration Results It should not be considered as an offer or invitation or inducement to subscribe for or the The info
Slide 3: Corporate Overview
CORPORA TE OVERVIEW CORPORA TE SNA PSHOT TICKER SHARES ON ISSUE UNLISTED OPTIONS MARKET CAPITALISATION CASH AND LIQUIDS ASX:MAT 176.93 M 22.4 M A$24.8 M ~A$5.4 M @ $0.17 - $0.30 @ $0.14 (2nd May 2019) (30th March 2019) SIGNIFICA NT SHA REHOLDERS SHA REHOLDING ( A S A T 30 MA RCH 20 19 ) MA T: TW ELV
Slide 4: Why buy Matsa?
W hy b uy Mat sa? Because w e’re o n t he m o v e! MA TSA RESOURCES INVESTOR PRESENTA TION 4
Slide 5: Pathway to Success
PA THW A Y TO SUCCESS Well Funded World Class Location A$5.4M cash and liquid assets (30 March 2019) Enviable location with quality exploration A$3m debt facility due 31st July 2020 Available milling and infrastructure options Opportunity to grow resources by exploration Continuing to Develop and Mi
Slide 6: Western Australia Project Portfolio
W ESTERN A USTRA LIA N PROJECT PORTFOLIO Red October Gold Mine 99,000 oz Gold Fortitude Gold Mine 342,600 oz Gold Lake Carey Gold Project 673km2 Symons Hill Nickel Project 56km2 MA TSA RESOURCES INVESTOR PRESENTA TION 6
Slide 7: Matsa's Gold Resources
MA TSA ’S GOLD RESOURCES Build ing a Go ld Invent o ry at Lake Carey INDICATED INFERRED TOTAL RESOURCE Tonnes (t) Au (g/t) Tonnes (t) Au (g/t) Tonnes (t) Au (g/t) Au (Oz) FORTITUDE 2,945 1.8 2,503 2.1 5,449 2 342,600 RED OCTOBER 340 4.5 106 14.7 446 6.9 99,000 TOTAL 3,285 2.08 2,609 2.61 5,895 2.37
Slide 8: Pathway to Increased Production
PA THW A Y TO INCREA SED PRODUCTION Mining Commenced at Red October - Red October has commenced with initial 7- month production of 10,222 oz gold, strong GOLD PRODUCTION IN OUNCES potential to ramp-up from here - Strong potential for mining to continue after initial phase 25000 Fortitude Stage 2 St
Slide 9: Proven Capacity to Mine Successfully
PROVEN CA PA CITY TO MINE SUCCESSFULLY Development capability - Red Dog Mine A$5.4 M cash surplus, drilling commenced for extensions at depth - Fortitude trial mine A$700,000 cash surplus, excellent knowledge base for larger Stage 2 mine, Regional relationships - Excellent working relationship with
Slide 10: Lake Carey Gold Project
LA KE CA REY GOLD PROJECT Highly prospective 673km2 in close proximity to world class gold mines - Sunrise Dam >10Moz - Wallaby >7Moz - Granny Smith >2Moz Underground mining commenced at Red October Gold Mine - Grade control drilling provides compelling platform for current mining operation Mining o
Slide 11: Lake Carey
LA KE CA REY A GREA T PLA CE TO BE Exist ing g o ld reso urces in p ro lif ic g o ld m ining d ist rict - Very large neighbouring gold mines providing infrastructure and opportunities - Nearology breeds confidence, “the best place to look for gold is near existing gold” - Aggressive exploration dril
Slide 12: Red October Gold Mine
RED OCTOBER GOLD MINE 100% Matsa owned and operated - High-grade narrow vein structurally controlled gold deposit with significant exploration potential - Historical production of 342,000 oz gold at an average of 6.1g/t Resource 85,000 oz @ 13.6 g/t gold - Mine has been fully maintained with all ven
Slide 13: Red October Gold Mine
RED OCTOBER GOLD MINE Mining commenced Feb 2019, - First ore scheduled for delivery in Q2 2019 - Initial Mining Phase ~7 months - Mining plan ~57,000t of ore at 5.6 g/t Au for 10,222oz gold - AISC of approximately A$1,300 per ounce - Drilling is expected to extend mining beyond this initial 7 month
Slide 14: High Gold Grades at Red October
HIGH GOLD GRA DES A T RED OCTOBER Recent diamond drilling results Very High-Grade gold - Red October Shear Zone 1.60m @ 36.90g/t Au 4.32m @ 16.30g/t Au 2.84m @ 15.95g/t Au 6.30m @ 4.54g/t Au - Bonanza grades 0.81m @ 181.50g/t Au HW 362 lode 1.33m @ 40.51g/t Au HW 362 lode 0.80m @ 248.00g/t Au new lo
Slide 15: Significant Upside Red October Gold Mine
SIGNIFICA NT UPSIDE RED OCTOBER GOLD MINE Substantial existing targets - Numerous targets exist outside of underground resource - Exciting targets for near mine mineralisation; Bruce Lode, Nemo and Eastern Breaks are - Extensions to known resources Marlin, Lionfish, Anchor, Smurfette and Smurf Poten
Slide 16: Significant Exploration Upside at Red October
SIGNIFICA NT EXPLORA TION UPSIDE A T RED OCTOBER High priority surface exploration targets * - Aircore intercepts along strike from Red October up to 2.49 g/t Au - Aircore intercepts at Nautilus up to of 5.98 g/t Au over distance of 3km - Aircore and RC intercepts up to 3.2 g/t Au at Causeway - Rock
Slide 17: Fortitude Stage 2
FORTITUDE STA GE 2 Fortitude Stage 2 Gold Mine - Potential mine life of several years - All mining and environmental permits in place - Strong interest for proximal milling options, - Trial Mine provided high confidence of gold currently being discussed resource in unweathered zone and high - Potent
Slide 18: Lake Carey - Exploration Upside
LA KE CA REY - EXPLORA TION UPSIDE 673km2 highly prospective tenement package in the Laverton tectonic zone near world class gold mines - Considerable scope for regional exploration success, with early drilling demonstrating opportunities - Areas covered by salt lakes with little or no exploration n
Slide 19: Lake Carey - Exploration Upside
LA KE CA REY - EXPLORA TION UPSIDE Exploration drilling by Matsa - 46,500m of aircore drilling, 1,860m of RC drilling and 1,958m of diamond drilling since 2017 - Majority of the drilling has been on targets in and immediately adjacent to Lake Carey - Recent discovery of new bedrock gold mineralisati
Slide 20: Fortitude North
FORTITUDE NORTH Primary gold mineralisation discovered - New diamond drill results: 8m @ 2.94 g/t Au Inc 5.75m @ 3.8 g/t Au Inc 1.3m @ 6.73 g/t Au - Likely down-dip extension of previous high grade gold intersections 5m @ 5.46 g/t Au 8m @ 5.14 g/t Au Mineralisation open to the south for 1.5km - Airc
Slide 21: Fortitude North
FORTITUDE NORTH MA TSA RESOURCES INVESTOR PRESENTA TION 21
Slide 22: Value Drivers
VA LUE DRIVERS A clear and committed growth plan Experienced and Committed board and management Current mining and production plans are fully funded and moving forward Strong Balance Sheet Portfolio of quality gold targets Supportive and tight shareholder base Co m m it t ed t o Creat ing Shareho ld
Slide 23: Contact
CONTA CT Paul Poli Executive Chairman Suite 11, 139 Newcastle Street Perth, Western Australia 6000 +61 8 9230 3555 reception@matsa.com.au MA TSA RESOURCES INVESTOR PRESENTA TION 23