Gateway Mining Limited · ASX:GML
Gateway Mining — RRS Boom in a Room (October 2021)
27 slides from Gateway Mining's conference presentation, Oct 14, 2021
Slide 1: A clear pathway to resource growth and discovery success
A CLEAR pathway to RESOURCE growth and DISCOVERY success • Gidgee Gold Project – emerging gold camp • Update to current 240koz Resource in progress • Exploration accelerating across multiple new target areas RRS Boom in a Room | 14 Oct 2021 | Mark Cossom, Managing Director 1
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer Forward Looking Statements ▪ This presentation has been prepared by Gateway Mining Ltd (GML). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third par
Slide 3: Building the next significant gold camp in WA's Murchison
Building the next significant gold camp in WA’s Murchison TIER-1 LOCATION ▪ 1,000km2 Gidgee Gold Project, 800km NE of Perth IMPENDING ▪ Upgrades to existing 240,000oz1 Resources RESOURCE GROWTH underway ▪ Maiden Resources due for Evermore and Achilles- Airport (oxide) STRONG ▪ High-grade discoveries
Slide 4: The opportunity
The opportunity 4
Slide 5: Building the Opportunity
Building the Opportunity Gateway Mining has been able to consistently drill to establish a significant gold Mineral Resource base in one of WA’s emerging goldfields… 5
Slide 6: A Systematic Approach
A Systematic Approach Systematic approach to growing Resources within the Company’s single major project at Gidgee: 1. Extension of existing Resources from 1990’s oxide open pit mining: ▪ Montague-Boulder and Whistler – 240,000oz Inferred Resource to be extended and upgraded 2. Systematic, disciplin
Slide 7: A Demonstrated Gold Setting
A Demonstrated Gold Setting ▪ Analogous to several major gold camps in the WA goldfields: ▪ ~9km long major gold-rich shear zone along the western margin of the Granodiorite Dome ▪ Highly prospective Eastern Margin not explored – Howards/Kashmir ▪ Majority of previous drilling ineffective: ▪ Only 10
Slide 8: Overall strategy – building the Resource
Overall strategy – building the Resource 8
Slide 9: The Pathway to Resource Growth
The Pathway to Resource Growth TARGET DRILL RESOURCE MINERAL GENERATION TESTING DEVELOPMENT RESOURCES Woodley, Season Well, Monarch, Julias, Evermore, Montague – Boulder, Whistler Nose, Plymouth, Achilles North, Whistler Rosie East, Kashmir, Airport Hot Diggety, Barrel Maker 12 Month Focus Near Term
Slide 10: Where are the next additions to the Resource?
Where are the next additions to the Resource? 10
Slide 11: Recent Work for Resource Upgrade
Recent Work for Resource Upgrade 11
Slide 12: Montague Resource Upgrade – Successful In-fill and Additions
Montague Resource Upgrade – Successful In-fill and Additions ▪ Current 120,000oz Inferred Resource1 ▪ Located on granted Mining Lease ▪ Approximately 5,000m of RC drilling completed since July 2020 ▪ Exceptional results returned: ▪ GRC588: 6m @ 6.2g/t Au from 96m (HG Shoot) ▪ GRC591: 3m @ 9.0g/t Au
Slide 13: New Resources – Evermore Discovery
New Resources – Evermore Discovery ▪ New high-grade discovery in October 2020 ▪ Similar geology to Montague-Boulder ▪ ~11,200m of RC and diamond drilling completed since discovery ▪ High-grade mineralisation in multiple hosts: ▪ GRC550: 15m @ 3.0g/t Au from 104m and ▪ 10m @ 9.2g/t Au from 140m ▪ GRC
Slide 14: New Resources – Achilles North
New Resources – Achilles North ▪ Oxide gold discovery made by Gateway in 2019 ▪ Located on a granted Mining Lease ▪ Systematically RC drilled 400m along strike from Rosie pit ▪ Previously announced near surface, high-grade oxide results include: ▪ GRC507: 14m @ 1.0g/t Au from 3m ▪ GRC508: 7m @ 2.5g/
Slide 15: New Resources – Airport
New Resources – Airport ▪ Shallow high-grade oxide discovery drilled by Gateway in 2002 ▪ Flat-lying zone approximately 20-30m below surface ▪ Located on granted Mining Lease ▪ Previously announced near surface, high- grade oxide results include: ▪ GRB1231: 20m @ 15.6g/t Au from 25m ▪ GRC015: 17m @
Slide 16: What are the next steps in the strategy?
What are the next steps in the strategy? 16
Slide 17: Continuing to Build the Pipeline
Continuing to Build the Pipeline 17
Slide 18: The Next Generation – Kashmir
The Next Generation – Kashmir ▪ Major 2.5km-long gold-in-soil anomaly defined by Gateway 2019-2020 ▪ Directly along strike of 204koz Howards Resource (ASX : HRN) ▪ Located on unexplored Montague eastern margin ▪ First-pass wide-spaced RC testing in 2020 intersected high grade gold: ▪ GRC520: 2m @ 7.
Slide 19: The Next Generation – Monarch
The Next Generation – Monarch ▪ Major gold-in-soil anomaly defined by Gateway over 5.8km strike ▪ Associated with significant historical workings ▪ Next to no previous exploration – 5 shallow (>50m) deep RC holes in 1985 ▪ Gateway surface rock ship sampling up to 18.7g/t Au ▪ In-fill soil sampling a
Slide 20: The Big Picture
The Big Picture 20
Slide 21: Near-Term Newsflow
Near-Term Newsflow ▪ 22,000m air-core program recently completed ▪ Samples submitted, assays pending ▪ Further RC drilling ▪ Resource Upgrade Q4 2021 21
Slide 22: 12 Month Target – Bigger Picture
12 Month Target – Bigger Picture ▪ 1 Woodley – Extensive alluvial gold workings, with soil anomaly ▪ 2 Season Well – Interpreted blind granodiorite intrusion ▪ 3 Whistler Nose – Continuation of Whistler mineralisation around granodiorite nose ▪ 4 Rosie East – Extensive zones of granodiorite hosted g
Slide 23: Summary
Summary 23
Slide 24: Corporate Summary
Corporate Summary CAPITAL STRUCTURE ASX Ticker GML Shares on issue 1,903,635,600 Executive Performance Options 32,000,000 Cash balance as at 30 June 2021* $3.57M Share Price $0.017 Market Capitalisation $32.4M * Does not include listed investments as at 30 June 2021 of $1.49M MAJOR SHAREHOLDERS BOAR
Slide 25: Highly Successful and Experienced Leadership Team
Highly Successful and Experienced Leadership Team ▪ Executive Director since October 2019 Mark Cossom ▪ 24-year experienced geologist with a background in gold exploration, mine geology and corporate management Managing Director ▪ Former General Manager - Geology & Exploration at Doray Minerals Ltd
Slide 26: Key Investment Takeaways
Key Investment Takeways LOCATION ▪ Significant land-holder in a Tier-1 gold mining district RESOURCES ▪ Existing 240,000oz1 Inferred Mineral Resource around historic open pits ▪ Resource upgrades pending in Q4 2021 GROWTH ▪ Large gold system with clear potential for multiple sizeable deposits ▪ Clea
Slide 27: Thank you. Questions.
Thank you . Questions. Investor Update | October 2021 | Mark Cossom, Managing Director 27