Matsa Resources Ltd · ASX:MAT
Matsa Resources — RIU Presentation 2018
23 slides from Matsa Resources's conference presentation, Feb 21, 2018
Slide 1: A Vibrant and Growing Gold Producer in a World Class District
A Vibrant and Growing Gold Producer in a World Class District RIU Presentation Wednesday February 21st 2018 Paul Poli Executive Chairman
Slide 2: Important Notice
Important Notice Disclaimer and Forward Looking Statements This presentation has been prepared by Matsa Resources Limited (“Matsa” or the “Company”). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentati
Slide 3: Corporate Overview
Corporate Overview Corporate Structure Directors Stock Code ASX: MAT Paul Poli Executive Chairman, Managing Director Shares on Issue 172.38 M Frank Sibbel Non-Executive Director Unlisted Options 13.7 M @ $0.20 - $0.30 Non-Executive Director & Company Andrew Chapman Secretary Market Capitalisation A$
Slide 4: Corporate Overview
Corporate Overview
Slide 5: Corporate Overview
Corporate Overview Fortitude Lake Corporate Carey Red October Project Build Cash and Liquid Acquired Project Acquired Project (Sept. 2016) Assets Occupied Camp and Drilled / Updated Resource Formed Critical Red Dog Project Infrastructure Relationships Fast Tracked Mining Approvals Commenced Mining A
Slide 6: Corporate Overview
Corporate Overview Complete Trial Mining at Fortitude Transition Fortitude to Full Scale Open Pit mine Commence Mining at Red Dog Commence Mining at Red October EXPLORE, EXPLORE and more EXPLORE Strengthen Balance Sheet Enhance Shareholder Value And EXPLORE Some MORE 6
Slide 7: Pathway to success
Pathway to success Well Funded ~$6.35M cash and liquid assets (31 Dec 2017) Continue to Mine Develop: Fortitude Stage 2 Red Dog Red October Build cashflow through mining Grow resources by exploration and acquisition Quality Exploration Projects Enviable location with world-class nearby operating min
Slide 8: Diverse Project Portfolio
Diverse Project Portfolio Western Australian Projects Fortitude Gold Resource 354,600 oz Au* Red October Gold Resource 99,000 oz Au Red Dog Gold Resource 26,300 oz Au Symons Hill Nickel Exploration Killaloe Gold Exploration Thailand Projects Paisali Copper Diamond Drilling Siam Copper Drilling KT Go
Slide 9: Matsa's Gold Resources
Matsa’s Gold Resources Indicated Inferred Total Resource Tonnes Au Tonnes Au Tonnes Au Au (t) (g/t) (t) (g/t) (t) (g/t) (Oz) Fortitude 3,084 1.9 2,505 2.1 5,589 2 354,600* Red October 340 4.5 106 14.7 446 6.9 99,000 Red Dog 333 2.3 35 1.4 368 2.2 26,300 Total 3,757 2.2 2,646 2.7 6,403 2.4 479,900 Fo
Slide 10: Lake Carey Gold Project
Lake Carey Gold Project Near world class gold mines Sunrise Dam >10Moz, Wallaby >7Moz Granny Smith >2Moz Trial Mining ongoing at Fortitude with full-scale mine planned for mid 2018 Commencement of mining at Red Dog and Red October planned Looking for new mines with exploration ongoing in o
Slide 11: Fortitude Trial Mine
Fortitude Trial Mine Approvals granted in only 5 months Ore Purchase Agreement executed with AngloGold Ashanti Limited “SDGM” (world class producer) Mining started 25th July 2017, completion April 2018 1st ore to SDGM in Sept 2017, 66,000 tonnes gold ore delivered to date, ~21,000 tonnes on
Slide 12: Fortitude Transition to Stage 2 Open Pit
Fortitude Transition to Stage 2 Open Pit Fortitude 6757000mN 6757250mN Long Section 400mRL Trial Pit Stage 2 Pit 300mRL 200mRL Resource outline 100m “A Picture says a thousand words” 12
Slide 13: Fortitude Transition to Stage 2 Open Pit
Fortitude Transition to Stage 2 Open Pit Fortitude Stage 2 Trial Mine completion expected April 2018 Full Scale Mining Permits already in place Goal to produce 40,000 oz gold pa over 2 year period Feasibility and optimisations of Stage 2 expected 1st half 2018 Fortitude Deposit 2017 Mineral
Slide 14: Red Dog Gold Project
Red Dog Gold Project Located 25km SW of Fortitude gold mine and 28km south of Red October Gold resource of 368,000t at 2.2g/t Au for 26,300oz gold Close to existing haul road and other infrastructure Ore purchase agreement negotiations commenced Environmental and Native Title studies com
Slide 15: Red Dog Gold Project
Red Dog Gold Project Red Dog 100% Matsa owned granted Mining Lease Mining is expected to be completed within 15 weeks from commencement Very shallow (from 2-10m depth) flat lying mineralisation 1 to 14m thick Visible gold associated with best intercept 6m at 155 g/t Au from 6m incl. 1m at 92
Slide 16: Red October Project
Red October Project 64km2 of granted mining tenements contiguous to Matsa’s Lake Carey project, 15km south of world class Sunrise Dam gold mine Historical production of 342,000oz gold at an average of 6.1g/t Current mine in Care and Maintenance since June, with all equipment in - situ Modern
Slide 17: Red October Gold Project
Red October Gold Project Excellent acquisition of 100% interest for cash and scrip valued at $2M 99,000 oz Au (JORC) increases Matsa’s resource to 479,900 oz gold Strategically increases Lake Carey footprint Goal to produce up to 20,000 oz of gold pa Potential for immediate restart where S
Slide 18: Lake Carey - Exploration Upside
Lake Carey- Exploration Upside Large tenement package (>600km2) Considerable scope for regional exploration success 25,000m of aircore drilling programme defined 4 high priority gold targets (BE 1 – BE 4) Infill aircore and diamond drilling at BE 1 identify gold mineralised dacite porphyry
Slide 19: Lake Carey - Exploration BE1
Lake Carey- Exploration BE 1 700m long zone of gold mineralisation in dacite intrusion Significant gold assays include: 21m @ 1.84 g/t Au from 87 Incl. 7m @ 5.17 g/t Au Incl. 1m @ 17.2 g/t Au 2m @ 25.3 g/t Au from 93m Incl. 1m @ 39 g/t Au Mineralisation open to the north and east Further dia
Slide 20: Lake Carey - A great place to be
Lake Carey- A great place to be Existing Gold resources in prolific gold mining district 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 drilling achievin
Slide 21: Thailand Projects
Thailand Projects Not without its problems, but not impossible either ! Paisali Project Paisali tenements extension to the Siam Copper project Located in province with strong local support for mining Siam Copper Project Copper targets up to 25km2, visible copper mineralisation KT Gold Project
Slide 22: FY2018 Value Drivers
FY2018 Value Drivers A clear and committed growth plan Current gold mine and production fully funded Aggressive exploration and development program Portfolio of projects across gold, copper and nickel Experienced and committed board and management Strong balance sheet – cash and liquid a
Slide 23: Contact
Contact Paul Poli Executive Chairman Suite 11, 139 Newcastle Street Perth, Western Australia 6000 +61 8 9230 3555 reception@matsa.com.au 23