G50 Corp Limited · ASX:G50
G50 — Gold 50 — Investor Presentation (February 2023)
27 slides from G50's investor presentation, February 2023
Slide 1: Gold Exploration in Arizona and Nevada
GOLD EXPLORATION IN ARIZONA AND NEVADA Investor Presentation | February 2023 ASX:G50 | gold50.com 1
Slide 2: Important Notices
IMPORTANT NOTICES DISCLAIMER This presentation and information contained in it is being provided to shareholders and investors for information purposes only. Shareholders and investors should undertake their own evaluation of the information and otherwise contact their professional advisers in the e
Slide 3: The Gold 50 Opportunity
CORPORATE OVERVIEW THE GOLD 50 • Experienced leadership team with a track record of discovery in OPPORTUNITY Southwest USA; leveraging strong networks to progress high- quality projects • Flagship Golconda project is adjacent to a major Cu-Mo porphyry deposit in Arizona, and historically mined for l
Slide 4: Corporate Structure
CORPORATE STRUCTURE G50 ~A$18.5M ASX Code Market Cap $0.19 96.9M Share Price Shares on Issue ~A$14.8 M JAY-V INC (12.4%) A$3.68M Enterprise Value MOPTI PTY LIMITED (11.4%) THOMAS P ERWIN (11.4%) Cash at Bank (Dec 31st, 2022) HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED (7.8%) VIOLET GALAPAGOS SKY LIMIT
Slide 5: Leadership Team
LEADERSHIP TEAM DIRECTORS MANAGEMENT Mark Wallace, Managing Director BBus. Finance professional with 20 years Investment Banking experience advising and financing early stage and pre- Danny Sims (Arizona Manager) development mining and energy companies. Mr Wallace is Ph.D., Economic and Structural G
Slide 6: Why Arizona & Nevada
WHY ARIZONA & NEVADA • Nevada and Arizona have produced 170Moz of gold in the last 25 years, with an average of 6.5Moz mined each and every year, ~5% of the world’s gold production1 • Yet is relatively underexplored –discovery potential within Walker Lane Trend stands out with exceptional high-grade
Slide 7: Golconda Project
GOLCONDA PROJECT HISTORICAL MINING DISTRICT CONSOLIDATED • Located in the Wallapai Mining District - known for extensive vein systems and unusually high precious metals grades • Mined to a depth of 490m with high gold and silver grades • However precious metals potential largely untested • No system
Slide 8: Historical Context
HISTORICAL CONTEXT WALLAPAI MINING DISTRICT • Discovery of the district dates to 1870’s, with early exploitation for its near surface high grade silver and gold and then 1900–1950 for lead and zinc production with significant gold and silver as by products • Developed as a zinc/lead mine, the Golcon
Slide 9: Vast Exploration Potential to be Tested
VAST EXPLORATION POTENTIAL TO BE TESTED DISTRICT SCALE PROPERTY ADJACENT TO A MAJOR PORPHYRY COPPER DEPOSIT • Multiple vein structures (over 10km), with known Au-Ag mineralization • Open along strike and at depth including: • 2km long Tub-Golden Eagle Vein (priority drill target) • 30-130m wide zone
Slide 10: Golconda Exploration by Gold 50
GOLCONDA EXPLORATION BY GOLD 50 COLLECTING DATA TO BETTER TARGET DRILL HOLES SOIL SAMPLES Total Soils Samples Collected 1,373 Total with Certified Assays 1,078 Total Awaiting Certified Assays 295 Estimated Total Length of Soil Sampling Lines Ft 89,500 ROCK SAMPLES Total Rock Samples Collected 597 ST
Slide 11: Golconda Priority Targets
GOLCONDA PRIORITY TARGETS Largely untested; most of the limited prior drilling is shallow; many holes are vertical; no systematic surface geochemical or geophysical surveys: • Prior drilling (1980’s and 2003) intersected +10m wide zones of +2g/t Au-Ag mineralisation Gold 50 conducted WorldView-3 sat
Slide 12: Project Status
PROJECT STATUS GREENFIELDS BROWNFIELDS DEVELOPMENT Broken Hills Caisson Golconda Spitfire White Caps Top Gun 12
Slide 13: White Caps, Nevada
WHITE CAPS, NEVADA POORLY EXPLORED CARLIN–STYLE GOLD SYSTEM • Unique opportunity to secure a poorly tested Carlin-style gold system • Located 15 km from Kinross’ Round Mountain (3 Moz reserve) that has produced 15 Moz gold to date • High-grade White Caps Mine produced >125,000 oz at circa 30g/t gold
Slide 14: White Caps, Nevada
WHITE CAPS, NEVADA POORLY EXPLORED CARLIN – STYLE GOLD SYSTEM • Excellent potential within 10 km2 Project area containing 28 patented and 74 unpatented mining claims • Gold is associated with arsenic, antimony, and mercury (typical of Carlin- style gold deposits) • Mining and exploration to date has
Slide 15: White Caps, Nevada: Acquisition Terms
WHITE CAPS, NEVADA ACQUISITION TERMS Payment to Vendors Milestone (US$’s) US$0.50 million Signing of agreement Mineral Resource Estimate of 250,000 US$1.50 million ounces of gold at a grade of at least 2.5g/t gold US$5.25 million Decision to mine US$2.75 million Commencement of mining US$10.0 millio
Slide 16: White Caps Exploration Targets
WHITE CAPS, NEVADA EXPLORATION TARGETS* Oblique Long Section of Exploration Targets Exploration Target 1 (shown in blue) is at open-pittable depths and is based primarily on historical drilling ranges from 110,000 to 290,000 ounces at grades ranging from 2.5 to 3g/t gold. Exploration Target 2 (shown
Slide 17: White Caps Exploration Targets
WHITE CAPS, NEVADA EXPLORATION TARGETS* Cross Sections of wireframes Exploration Target 1 (Top) and Exploration Target 2 (Bottom) White Caps Project Area with Drillhole Collars and Cross Section Locations * For further information, see Gold 50’s ASX announcement dated 9 November 2022 – “ Acquisition
Slide 18: Next Steps
NEXT STEPS • Continuing to source, compile and evaluate historical data, including mine records and drillholes. • A first principles approach of initial tenement-wide exploration is being planned and is likely to include: o Geological mapping and rock chip sampling; o Soil sampling or auger/RAB dril
Slide 19: Why Invest in Gold 50?
WHY INVEST IN GOLD 50? Experienced, well connected • Long history exploring Southwest USA, identifying and progressing mineral projects leadership team • Strong networks provide access to high-quality projects – a distinct competitive advantage • Wallapai Mining District in Arizona known for extensi
Slide 20: Contact
CONTACT Mark Wallace Managing Director mwallace@gold50.com @Gold50_ ASX:G50 | gold50.com 20
Slide 21: A Tier 1 Jurisdiction Delivering More Bang for the Invested Buck
A TIER 1 JURISDICTION DELIVERING MORE BANG FOR THE INVESTED BUCK 2020 Fraser Institute Investment Attractiveness Index1 • Nevada ranked #1; Arizona ranked #2 for both Overall Investment Attractiveness and Mineral Potential¹ • Currently, the US attracts ~10% of global gold exploration dollars, compar
Slide 22: Mineral Park (adjacent to Gold 50's Golconda Project)
View of Mineral Park open pit from Gold 50’s Golconda Project • Large scale copper / molybdenum mine MINERAL PARK • Production began in 1963 (Duval Corporation) through to 2013 (Mercator Minerals). (adjacent to Gold • Production over that time frame included: • 220 million lb’s leach copper 50’s Gol
Slide 23: List of Tenements
List of Tenements Patented & Unpatented Mining Claims Located at the Nevada Manhattan Mining District, Nye County, Nevada Claims located in Sections 20,21, 22, 27, 28, 29, 30, 31, 32, 33 Township 8 North, Range 44 East 28 Patented Claims Claim Name Ownership* Parcel No. 6-14 1 Katie No.1 0% 2 Keysto
Slide 24: List of Tenements
List of Tenements Patented & Unpatented Mining Claims 74 Unpatented Claims Serial Number Ownership* Serial Number Ownership* NCM93111 TURTLE FRAC ACTIVE 0% NMC93116 LITTLE JOE #2 ACTIVE 0% NCM93113 GRANNY FRAC ACTIVE 0% NMC93118 LITTLE JOE #4 ACTIVE 0% NMC93144 YELLOW HORSE FRAC ACTIVE 0% NMC91320 L
Slide 25: Drill Hole Coordinates and Significant Intercepts
Drill Hole Coordinates and Significant Intercepts Note: Collar coordinates are on a local grid surveyed by GPS and a flat topography was assumed as no topographic data is available. Hole ID East (ft) North (ft) RL Azimuth Dip Total Depth (ft) Total Depth (m) From (ft) To (ft) From (m) To (m) Au (oz/
Slide 26: Drill Hole Coordinates and Significant Intercepts cont.
Drill Hole Coordinates and Significant Intercepts cont. Hole ID East (ft) North (ft) RL Azimuth Dip Total Depth (ft) Total Depth (m) From (ft) To (ft) From (m) To (m) Au (oz/st) Au (ppm) WC53 5260 6490 0 0 -90 405 123 0 405 0.0 123.4 0 0 415 420 126.5 128.0 0.284 8.0 WC54 5043 7179 0 0 -90 740 226 4
Slide 27: Competent Persons Statement
COMPETENT PERSONS STATEMENT Competent Persons Statement • The information in this report that relates to Exploration Results and an Exploration Target is based on information compiled by Ms Hollie Fursey who is a full-time employee of RPM Advisory Services Pty Ltd (“RPM") and a Registered Member of