Matsa Resources Ltd · ASX:MAT
Matsa Resources — Investor Presentation (October 2011)
33 slides from Matsa Resources's investor presentation, Oct 5, 2011
Slide 1: Matsa Resources Limited (ASX: MAT)
For personal use only ASX: MAT 1
Slide 2: Forward Looking Statements
Matsa Resources Limited For personal use only Forward Looking Statements The material used in this presentation is intended to be a summary of selected geological data, current and proposed activities, as well as resource estimates based on information available to Matsa Resources at the time. It do
Slide 3: Five Projects : One Company
Matsa Resources Limited Five Projects : One Company For personal use only NORSEMAN GOLD PROJECT Norseman Killaloe Dunnsville DUNDAS IRON ORE PROJECT KT GOLD PROJECT (Thailand) SIAM COPPER PROJECT (Thailand) PAISALI IRON ORE PROJECT (Thailand) 3
Slide 4: Board and Management
Board and Management ► Executive Chairman For personal use only Paul Poli – BCom FCPA Company Director and major shareholder with varied interests in Australia, 18 years as principal of C.P.A. and business advisory practice, advising clients in various aspects of business and taxation law. Founded M
Slide 5: Matsa Resources Limited – A Truly International Company
Matsa Resources Limited – A Truly International Company For personal use only 5
Slide 6: Corporate Structure
Corporate Structure For personal use only Shares on Issue – 127 million Options on Issue – (Unlisted 50 cents) 9 million Director/Employee Options – (Unlisted 27-100 cents) 11.35 million Top 20 Shareholders 59.4% Major Shareholders JP Morgan 12.24% SDGM 9.25% Paul Poli 8.17% RASL 6.66% Five Projects
Slide 7: Norseman Gold/Magnetite Project
Norseman Gold/Magnetite Project For personal use only 30,000 ounces 635,438 ounces 1) All Resources are reported to a lower cut-off grade of 1.0g/t. 2) Rounding, conforming with the JORC code may cause computational errors. High Exploration Potential 746,356 ounces Recently acquired – Killaloe, Du
Slide 8: Norseman Gold Project
Norseman Gold Project Exploration area growing, For personal use only now 347.8km2 8
Slide 9: Norseman Gold Project
Norseman Gold Project For personal use only Banded Iron ore Formation (BIF) hosting gold Gold hosted within BIF is mined and crushed to a fine grind with cost allocated to gold production, Additional costs of grinding and processing of Magnetite Ore is very low, Capex for Magnetite plant is appro
Slide 10: Profitability and Cashflow
Profitability and Cashflow For personal use only 10
Slide 11: On-going Exploration
On-going Exploration Opportunities to significantly For personal use only increase gold resources with new exploration 950 soil samples collected from recent auger sampling program, 28 high priority exploration targets determined, EIS government grant awarded with drilling to commence 4 QTR 20
Slide 12: Potential Project Partners
Potential Project Partners UNLOCKING THE VALUE OF THE NORSEMAN GOLD PROJECT For personal use only MATSA in negotiations with several potential project partners including: Shandong Gold China Nerin Shanghai Zendai Rock Resources Other offers are being discussed, MATSA discussing with potential
Slide 13: Project Partners
Project Partners For personal use only Shandong Gold; has commenced site and China Nerin; founded in 1983 detailed project study Part of a Multi Billion Dollar Group One of China’s largest gold producers; top 500 Chinese enterprise Listed whole process of non-ferrous metal projects Produces
Slide 14: Committed to Production
Committed to Production Conclude a deal to JV Norseman Gold /Magnetite Project For personal use only or Launch Self Feasibility and construct plant by other means or Sell the project Heading towards Production 14
Slide 15: Introducing Dundas Iron Ore Project
Introducing Dundas Iron Ore Project Exploration Target 350 – 750Mt For personal use only Magnetite Iron Ore 15
Slide 16: Introducing Dundas Iron Ore Project
Introducing Dundas Iron Ore Project Exploration Target 350 – 750Mt For personal use only Magnetite Iron Ore Phase 1 Exploration Program confirms exciting potential Type 1 BIF Zones Dundas Iron BIF Exploration Targets Concealed DSO Target MLA 63/653 Existing Drill Holes Proposed Drill Holes 16
Slide 17: Test work
Test work For personal use only DTR Recovery and concentrate test work results Intercept Depth Hole ID DTR % Fe % SiO2 % Al2O3 % P% S% m From m 10DURC002 56 31.78 40 67.81 4.95 0.35 0.005 0.034 10DURC003 15 41.41 35 67.23 6.02 0.11 0.014 0.027 10DURC005 15 34.97 45 68.18 4.40 0.14 0.007 0.143 10DURC
Slide 18: Dundas Iron Ore
Dundas Iron Ore Fe up to 70.7% For personal use only Open at Depth Open along Strike Continuous Bands Quality Infrastructure Mining license applied Native title complete High Iron Grades with low impurities 18
Slide 19: Dundas Iron Ore
Dundas Iron Ore GAS WHY THIS DEPOSIT? PORT For personal use only Production Springboard Existing Infrastructure Available capacity for Matsa $600M Capex 4M tonnes per annum mine $200M per annum profit Mine Life 40 years RAILWAY 19
Slide 20: RC & Diamond Drilling
RC & Diamond Drilling Define Exploration Target JORC Compliant Inferred Resource JORC Indicated Resource For personal use only Phase 1 Phase 2 Phase 3 (Already completed) (3 Months) (6 Months) 21 holes for 3100m of 40 holes for 3600m 139 holes for 17000m drilling of drilling of drilling Phase 1 Con
Slide 21: Other Western Australian Projects
Other Western Australian Projects DUNNSVILLE For personal use only Project area covers 243km2 of land, 50kms north west of Coolgardie, Big Red is a green fields discovery by MATSA, 14 RAB holes contains intercepts which assayed >1.0 g/t, Gold Values up to 7.85g/t, Six mineralised zones up
Slide 22: Introducing Thailand
Introducing Thailand Applications totalling 1,765km2 to be granted, For personal use only 3 main projects: Paisali Iron Ore KT Gold Siam Copper 10 SPLA’s awaiting final approval – exploration to commence immediately on granting, Paisali will provide early stage development of High Grade Low
Slide 23: Matsa's Thailand Team
Matsa’s Thailand Team For personal use only Chairman Paul Poli – B.Com. FCPA Managing Director Ratha Kheowkhamsaeng- BA U.S.A 20 years Thai management experience. A Director of 5 Thai and Thai/Japanese companies mainly in the manufacturing and industrial sectors. Brings extensive Thai business kno
Slide 24: Paisali Iron Ore
Paisali Iron Ore For personal use only Covers 793 km2 in Central Thailand, Located near Phaisali town with extensive infrastructure available, strike length in excess of 40km, Magnetite skarn system with Rock chip samples collected by MATSA returned up to 45% Fe, Historical mining produced 1
Slide 25: Paisali Iron Ore
Paisali Iron Ore Granting expected to occur this year, For personal use only 700kms of Lineal Magnetic ground survey completed at spacing of 25 meters which clearly defines magnetic bodies of up to 2kms long and over 200m wide, Immediate drill targets already identified to produce JORC complian
Slide 26: Paisali Iron Ore
Paisali Iron Ore Largest and only high volume project in For personal use only Thailand, enjoying extremely low production cost, Multiple small deposits can be mined simultaneously. Ore transported to low capex processing plant, estimated cost at less than $15million to produce 0.5 million tonne
Slide 27: Siam Copper
Siam Copper Siam Copper Project, total area 732.4km2 , For personal use only Significant potential upside with native copper clearly visible in many rock samples collected, Extensive stream sediment anomalies determined from Thailand government stream sample programme completed in 2003, Mats
Slide 28: Siam Copper Exploration Program
Siam Copper Exploration Program For personal use only Reconnaissance 200m × 200m soil sampling within well defined anomalies, Detailed 100m × 100m soil sampling within copper mineralised float, Detailed geological mapping of anomaly areas, Binocular microscopy and petrography to better under
Slide 29: KT Gold
KT Gold Applications for 11 Special Prospecting Licenses For personal use only covering 180km2, Only 20km east of Kingsgate Resources 5 million ounce Chatree Gold Mine, Highly prospective for gold in “Chatree” geology, nearby government drilling resulted in 6m at 2.42g/t Au, with 2m at 4.66g/t
Slide 30: KT Gold
KT Gold MATSA has developed a sample assay database as follows: For personal use only •168 stream sediment samples •540 soil samples on a 250m grid •809 rock chip samples collected and tested of which 88 rock chip samples contained gold mineralisation Extensive geological mapping has already been
Slide 31: Competent Persons Statement
Competent Persons Statement For personal use only Exploration Target Under Clause 18 of the JORC Code the exploration targets (excluding the portion already classified into JORC resource) outlined in this report are conceptual in nature as there has been insufficient exploration to define additional
Slide 32: Questions
For personal use only Questions 32
Slide 33: Office contact details
For personal use only Bangkok Office HEAD OFFICE Kalgoorlie Office Unit 1808, 2 Pacific Place Suite 11 139 Newcastle St Suite 1, Vosper House Sukhumvit Road Perth 31-33 Dugan Street Sukhumvit, Bangkok Western Australia 6000 Kalgoorlie Western Australia 6430 Tel: +66 0 26 530 258 Tel: +61 8 9230 3555
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