Metalsgrove Mining Limited · ASX:MGA
Metalsgrove Mining — Battery Minerals Conference 2023
25 slides from Metalsgrove Mining's conference presentation, Mar 21, 2023
Slide 1: Battery Minerals Conference
For personal use only BATTERY MINERALS CONFERENCE ADVANCED CRITICAL METALS PORTFOLIO RAPID EXPLORATION AND DEVELOPMENT WESTERN AUSTRALIA AND NORTHERN TERRITORY ASX: MGA March 2023 www.metalsgrove.com.au
Slide 2: Disclaimers
Disclaimers GENERAL INFORMATION ONLY PAST PERFORMANCE For personal use only This presentation contains general background information and summary information about MetalsGrove Mining Past performance is not necessarily indicative of future results and no person guarantees the performance of any Limi
Slide 3: Highly Prospective Advanced Green Metal Portfolio
Highly Prospective Advanced Green Metal Portfolio For personal use only Lithium, Rare Earth, Base Metal and Manganese portfolio in the tier-1 mining jurisdictions of Western Australia and Northern Territory • Upper Coondina–WA (MGA 100%) Located in the infrastructure rich Pilbara, excellent access t
Slide 4: Near-Term Catalysts
Near-Term Catalysts For personal use only MGA is advancing multiple high-quality critical metals projects with a strong pipeline of results to be delivered over next 6-8 months First assay results from maiden 4,200m RC drilling completed at Upper Coondina. Bruce Prospect maiden drill (3,000m) pr
Slide 5: Corporate Snapshot
Corporate Snapshot For personal use only OreMin 11.59% CAPITAL STRUCTURE Mrs Hui An 10.43% Share Price Others (16 March 2023) A$0.14 47.83% 52 Week Range 10c-34c Bright Element Total number of shares 52,710,000 11.65% Market capitalisation A$7.4m Net cash (31 December 2022) A$4.59m Fountain Stream 9
Slide 6: Experienced Leadership
Experienced Leadership For personal use only Mr. Richard Beazley Mr. Sean Sivasamy Mr. Haidong Chi Non-Executive Chairman Managing Director and CEO Non-Executive Director • A mining engineer with 35 years of experience with a strong • A skilled mining professional with a Master’s Degree in • Extensi
Slide 7: Investment Highlights
Investment Highlights Proven Mining Jurisdictions , Accessible Infrastructure, High-Grade Critical Metals Targets For personal use only • Exploration and development of high-quality lithium, rare earth, copper-gold, manganese and base metal projects in Western Australia and the Northern Territory. •
Slide 8: Upper Coondina Lithium Project - WA
Upper Coondina Lithium For personal use only Project - WA High-quality lithium, tin and tantalum project in the highly prospective Pilbara Mineral Field. Surface mapping and sampling has confirmed multiple outcropping pegmatite dykes from 3-30m wide occurring in swarms. Maiden 4,200m RC drilli
Slide 9: Upper Coondina Lithium Project
Upper Coondina Lithium Project For personal use only • Located approx. halfway between Port Hedland and Newman in WA. • Single granted EL covering approx. 6,363 ha - maximum distance across the project is about 11 km east–west and 8 km north–south. • Priority drill target is the Chola Prospect – a p
Slide 10: Multiple outcropping pegmatite dykes in swarms up to 30m
Multiple outcropping pegmatite dykes in swarms up to 30m For personal use only • Correlation mineralisation trend showing with Li₂O and Ta soil Geochemistry anomalies. • 45 dominating pegmatite formations have been identified - pegmatite dykes strike approximately northeast-southwest within a region
Slide 11: 4200m Maiden RC Drilling Completed
4200m Maiden RC Drilling Completed Pegmatite Outcrop For personal use only • 4,200m Phase 1 drilling programme completed. • High priority Chola Prospect is a pegmatite corridor measuring approx. 4.0 km x 2.0 km. • Deep Ground Penetrating Radar (DGPR) survey has identified 23 new potential pegmatite
Slide 12: Arunta Project NT
Arunta Project NT Rare Earth, Base For personal use only Metals, Copper-Gold Exciting Lithium, REE and Base Metals mineralisation confirmed. Multiple advanced walk-up drill targets. Maiden drilling program Q2 2023. Three priority target areas: o Bruce Prospect o Box Hole Prospect o Edwards C
Slide 13: Arunta Project: Rare Earth, Base Metals, Copper-Gold
Arunta Project: Rare Earth, Base Metals, Copper-Gold For personal use only • 320 km² (EL31225 and EL32419 and EL32420). • Access via Stuart and Plenty Highway. • Well connected to existing infrastructure. • Presence of rare earth (REE) anomalism associated with Cu- Au and base metal mineralisation h
Slide 14: Bruce Prospect: Strong REE & Lithium Potential
Bruce Prospect: Strong REE & Lithium Potential For personal use only • Significant Rare Earth assay results including 578ppm TREO, 489 ppm TREO-Ce, 197 ppm LREO, 381ppm HREO, 361ppm CREO and 152 ppm MREO. • 3,000m RC drilling program targeting key REE and lithium targets to commence Q2 2023. www.met
Slide 15: Plenty River: Multiple Drilling Targets
Plenty River: Multiple Drilling Targets For personal use only Multiple Drilling Targets Multiple Drilling Targets • Several trending features respond well. • Depth solution shows the potential drilling targets. Multiple Drilling Targets www.metalsgrove.com.au Page 15
Slide 16: Bruce Prospect: Significant Copper-Gold
Bruce Prospect: Significant Copper-Gold For personal use only Bruce Best Rock Chip Assay Results East North Au g/t Ag g/t Cu % Ti % 563689 7474477 53.00 563687 7474475 2.00 563685 7474474 13.32 563689 7474480 51.00 563700 7474570 2.00 563701 7474571 6.91 3.05 563990 7474581 1.90 563991 7474564 6.17
Slide 17: Bruce Prospect: Several Trending Features Drilling Targets
Bruce Prospect: Several Trending Features Drilling Targets 3D perspective view towards WNW For personal use only 3D perspective view towards WNW • Several E-W and WNE-ESE trending features. • Features that respond well appear to be relatively shallow sources. • Downward continuation solution appears
Slide 18: Box Hole Prospect: Base Metals and Rare Earth
Box Hole Prospect: Base Metals and Rare Earth For personal use only • Mississippi Valley Type (MVT) deposits. • Large tonnage carbonate hosted lead-zinc mineralisation. • Multiple walk-up drilling targets already identified. • 2,500m RC drilling commence Q2 2023. www.metalsgrove.com.au Page 18
Slide 19: Box Hole Prospect: 3D Modelling
Box Hole Prospect: 3D Modelling For personal use only • Aeromagnetic and Radiometrics Survey (MGA-2022). • Airborne Electromagnetic Surveys (Uramet-2009). • Gravity Survey (Uramet-2007). www.metalsgrove.com.au Page 19
Slide 20: Box Hole Prospect: Large Opencut Mine Potential
Box Hole Prospect: Large Opencut Mine Potential For personal use only • Initial Exploration Target: Large open pit proposition. • High potential to discover new structurally hosted high-grade underground deposits. www.metalsgrove.com.au Page 20
Slide 21: Edwards Creek: Advanced Copper-Gold Targets
Edwards Creek: Advanced Copper-Gold Targets For personal use only • Drill hole DD80EC1: 4.5m @ 2.25% Cu, 0.11% Pb, 1.54% Zn, 0.14 g/t Au from 47m. • Drill hole DD81EC2: 18.6m @ 0.22% Cu, 0.17% Pb, 0.49% Zn, 0.14 g/t Au from 44.3m. • Newly discovered malachite-stained ironstone returned 0.81% Cu. • 6
Slide 22: Woodie Woodie North - WA: Advanced Manganese Asset
Woodie Woodie North - WA: Advanced Manganese Asset For personal use only • 12 drill ready walk-up drilling targets defined. • Well connected to existing mining infrastructure. • Surface sampling has returned several highly anomalous manganese assays up to 52% Mn. • Recently completed airborne magnet
Slide 23: Sustainable Development and ESG
Sustainable Development and ESG For personal use only MetalsGrove recognise that our future is intertwined with society, the economy, and the environment, and we owe it to those interests and stakeholders to ensure a lasting impact. Economic Environment Dedicated to responsible Dedicated to accelera
Slide 24: Contact Details
Contact Details For personal use only ASX: MGA REGISTERED OFFICE 6/123a Colin Street West Perth, WA 6005 CONTACT DETAILS www.metalsgrove.com.au info@metalsgrove.com.au T: +61 8 6388 2725 www.metalsgrove.com.au Page 24
Slide 25: References
References For personal use only Third party exploration results referred to in this presentation were first announced in the following ASX releases: 1. TNG Limited’s (ASX:TNG) ASX announcement “Mount Peake Resource Drilling Update” dated 8 February 2013 (referred to on slide 13). 2. Verdant Mineral
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