Musgrave Minerals — Technical Presentation (May 2023)
14 slides from Musgrave Minerals's technical presentation, May 4, 2023
Slide 1: Cue Gold Project Stage 1 Prefeasibility Study
Cue Gold Project Stage 1 Prefeasibility Study Musgrave Minerals Limited Western Australia ACN 147 890 671 Rob Waugh Managing Director ASX: MGV
Slide 2: Disclaimer
Disclaimer Important Canadian Securities Administrators (the "Canadian NI 43-101 Standards"); or (ii) Item 1300 of Regulation S-K, which governs disclosures of mineral reserves in registration statements filed with the SEC. Information contained in this Presentation describing mineral deposits may n
Slide 3: Cue Gold Project Stage 1 Prefeasibility – Highlights
Cue Gold Project Stage 1 Prefeasibility – Highlights • Stage 1 PFS completed 17 April 2023 • Demonstrates a high margin, standalone production opportunity Pre-tax Net Cash Base Case NPV83 Payback EBITDA Flow2 A$2,600/oz Gold $235M 9 Months $528M $314M Production1 IRR Pre-tax 337 koz 95% LOM Initial
Slide 4: Cue Gold Project Stage 1 Prefeasibility – Base Case Highlights
Cue Gold Project Stage 1 Prefeasibility – Base Case Highlights • Stage 1 PFS completed 17 April 2023 • Demonstrates a high margin, standalone production opportunity Gold Pre-tax Production1 NPV83 Payback Net Cash EBITDA 337 koz $235M 9 Months Flow2 $528M LOM Post-tax IRR $314M Pre-tax Initial NPV83
Slide 5: Cue Gold Project Stage 1 Prefeasibility – Next Steps
Cue Gold Project Stage 1 Prefeasibility – Next Steps Continued Resource definition and 2023 exploration drilling (>40,000m’s) Adding Mine Life MRE update End of 2023 Funded with MGV current cash Optimising Continue mining studies and 2023 Development testwork Progress and submit formal Advancing min
Slide 6: Cue Gold Project Stage 1 Prefeasibility – Opportunities
Cue Gold Project Stage 1 Prefeasibility – Opportunities Resource growth and opportunity to add to Mine Life • Continued drilling and interpretation of the deposit geology unlocking knowledge (High-grade trends & resource conversion) • New prospects and discoveries being converted into resources (Ama
Slide 7: Stage 2 PFS Growth, Regional Targets & Upside Potential
Stage 2 PFS Growth, Regional Targets & Upside Potential Amarillo Target – no resource yet High-Grade Zones within • 11m @ 8.4g/t Au from 66m (21MUAC103) existing deposits e.g. Big Sky • 7m @ 23.7g/t Au from 102m (22MORC060) Waratah Trend – no resource yet Gold nuggets and gold in quartz from RC samp
Slide 8: Scheduled Work Plan
Scheduled Work Plan Cue Gold Project Q2 2023 Q3 2023 Stage 1 Prefeasibility Study (Delivered April 2023) RC drill assays pending – Leviticus, Break of Day North + new targets Aircore drilling of new regional targets (Cue) Resource infill and extensional drilling (RC & Diamond) Mt Magnet So
Slide 9: Key Risks
Key Risks Funding risks Trading in securities of the Company may not be liquid In the future, the Company will be required to raise additional funds (whether by way of debt and/or equity), so as to, without There is no guarantee that there will be an ongoing liquid market for securities of the Compa
Slide 10: Key Risks
Key Risks Infectious disease and COVID-19 risks There can also be no assurance that the Company’s operations or those of its contractors will not be affected by labour related problems in the future, such as disputes relating to wages or requests for increased benefits. There are risks associated wi
Slide 11: Key Risks
Key Risks Third party risks Health, safety and security risks The Company, although it has no material litigation on foot, is exposed to the risks of litigation and disputes. The Company is and Mining activities have inherent hazards and risks. The Company is committed to providing a safe and health
Slide 12: JORC Gold Mineral Resources − 31 May 2022
JORC Gold Mineral Resources − 31 May 2022 Indicated Resources Inferred Resources Total Resources Notes to Table: The Mineral Resources are Tonnes Au Grade Total oz. Au Tonnes Au Grade Total oz. Au Tonnes Au Grade Total oz. Au produced in accordance with the Deposit '000s g/t '000s '000s g/t '000s '0
Slide 13: Competent Person’s Statement
Competent Person’s Statement Mineral Resources The information in this report that relates to Mineral Resources for the Break of Day, Lena, White Heat-Mosaic, Big Sky, Numbers, Leviticus, Jasper Queen, Gilt Edge, Rapier South and the Hollandaire Gold Cap deposits is based on information compiled by
Slide 14: Additional JORC information
Additional JORC information Further details relating to the information provided in this Presentation can be found in the following Musgrave Minerals’ ASX announcements: 28 April 2023, “Quarterly Activities and Cashflow Report” 27 January 2022, “High grade gold intersected at West Island (cue JV) 17
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