Maritana Minerals Limited · ASX:MRT
Maritana Minerals — Merger or Acquisition (February 2019)
27 slides from Maritana Minerals's merger presentation, Feb 6, 2019
Slide 1: A New Horizon – Merger Presentation
ASX: IRC, MRP A New Horizon – Merger Presentation FEBRUARY 2019
Slide 2: Disclaimer
Disclaimer This document and all other information (whether in writing or otherwise) which may be made available is: Supplied solely for the intended recipient and may not be copied, reproduced, further distributed to any other person or published, in whole or in part, for any purpose Provided confi
Slide 3: Disclaimer and forward looking statement
Disclaimer and forward looking statement IRC Competent Persons Statement The information in this report that relates to Mineral Resource is based on information compiled by Messrs David O’Farrell, Simon Coxhell and Andrew Hawker. Mr O’Farrell is a full time employee of Intermin. All are Members of t
Slide 4: Moving towards a new Horizon
Moving towards a new Horizon Proposed Merger with MacPhersons in Dec 2018 to create a new emerging mid-tier gold business to be renamed Horizon Minerals1: Contiguous land holding in the heart of the Western Australian 1 WA goldfields goldfields surrounded by all required services High tonnage High t
Slide 5: Transaction summary
Transaction summary1 • MacPhersons shareholders to receive 1 Intermin share for every 1.8227 MacPhersons shares held Consideration • Following completion, Intermin and MacPhersons shareholders will hold 55% and 45% of Horizon • Merger to be implemented via a Scheme of Arrangement (subject to MacPher
Slide 6: Combined Board and Management
Combined Board and Management Peter Bilbe, Non-Executive Chairman (Intermin) Jon Price, Managing Director (Intermin) • Mining Engineer with over 40 years’ experience • Metallurgist with more than 27 years’ experience • Has held senior management positions at Mount Gibson Iron, Aztec Resources, • For
Slide 7: Intermin overview
Intermin overview Click to edit Master title style • 100% ownership of 890km2 on major shear zones within 65km of Kalgoorlie-Boulder • Mineral Resources totaling 609,600 ounces at 2.05g/t Au 1 • Self funded 56,000m resource extension and new discovery program completed in 2018 with excellent results
Slide 8: MacPhersons overview
MacPhersons Click to editoverview Master title style • 100% ownership of 192km2 on major shear zones within 10km of Kalgoorlie-Boulder • Flagship Boorara asset is a large mineralised system with low strip ratio, excellent metallurgy and remains open along strike and at depth with significant extensi
Slide 9: Combined Joint Ventures and royalties
Combined Joint Ventures and royalties1 Richmond Vanadium JV Nanadie Well JV • JV in place between Intermin and Chinese backed AXF Vanadium which can earn 75% by • Intermin retains 25% spending $6M over five years to March 2021 • JV with Mithril Resources Limited (ASX:MTH) cover 60km2 in the • Close
Slide 10: Benefits of the Merger for all shareholders
Benefits of the Merger for all shareholders Intermin1 MacPhersons2 Horizon3 • Resources – 1.12Moz • Resources – 609,600oz • Resources – 507,000oz • Tenure – 1,082km2 • Tenure – 890km2 • Tenure – 192km2 • Shares – 428m • Shares – 235m • Shares – 351m • Market Cap – A$59m • Market Cap – A$31m • Market
Slide 11: Strategy to drive shareholder value
Strategy to drive shareholder value1 Combination with MacPhersons provides the immediate critical mass and baseload feed to unlock a standalone development in the best interests of both IRC and MRP shareholders Proposed transaction consistent with Intermin’s objective of building a mid-tier gold min
Slide 12: Contact information
Contact information Jon Price Jeff Williams MSc (Mineral Economics) MAusIMM, MAICD BSc (Mining Eng), MBA, FAusIMM Managing Director Managing Director T: +61 (08) 9386 9534 T: +61 (08) 9068 1300 F: +61 (08) 9389 1597 F: +61 (08) 9068 1310 E: admin@intermin.com.au E: info@mrpresources.com.au W: www.in
Slide 13: Project Detail – Intermin and MacPhersons
ANNEXURE Project Detail – Intermin and MacPhersons
Slide 14: Intermin in detail
Intermin in detail Click to edit Master title style • New business model adopted in 2016 • From January 2016 to date: • New Board and Executive team in place • 590km2 tenure added to asset portfolio • Over A$7 million generated from small mining projects and royalties • Over 100,000m drilled using c
Slide 15: Teal gold camp
Teal goldto Click camp edit Master title style Building on highly successful drilling program in 2018 • New discoveries at Jacques Find, Yolande and Wills Find • Highly weathered oxide supergene zone below 20m depletion zone with grades of 2 – 5g/t Au • Deeper primary mineralisation associated with
Slide 16: Binduli
Binduli Excellent first pass drilling results at Crake, one of five priority prospects • Binduli JV tenements returned to Intermin on a 100% basis in March 2018 • Initial 5,000m drill program commenced shortly thereafter • Aim to test one of five high priority targets that has had limited drilling,
Slide 17: Anthill
Anthill Excellent drilling results to date, new updated resource released and drilling to commence in June • Acquired in 2017 for $300,000 in cash plus a royalty of $5/oz for first 100,000oz 1 • Updated resource of 2.28Mt at 1.72g/t Au for 125,582 ounces2 • Highly weathered oxide supergene zone from
Slide 18: Blister Dam
Blister Dam Excellent first pass drilling results with five new prospects identified on the Zuleika Shear Zone • Two distinct mineralisation styles: • Broad zones of shear hosted mineralisation close to surface • Thinner high grade quartz veins at depth with grades up to 36g/t • 12 of the 21 high pr
Slide 19: Acquisitions
Acquisitions Click to edit Master title style Growing portfolio • Over 590km2 added to the portfolio in the last 18 months • Acquisitions focused on gold projects and prospective tenure on major geological structures in close proximity to existing assets and infrastructure Lakewood gold project (100
Slide 20: Richmond Vanadium JV
Richmond Vanadium JV Potential to become a major supplier of Vanadium to the energy storage and steel markets • Located in central north Queensland and close to existing infrastructure including a gas pipeline, major highway and railway linked to Townsville Port • JV in place with Chinese backed AXF
Slide 21: MacPhersons in detail
MacPhersons in detail Click to edit Master title style • Boorara acquired in 2011 and progressively added contiguous tenure • Over 85,000m of highly successful drilling completed along 1.8km strike zone and remains open along strike and at depth • Mineral Resource grown to 507,000oz of large scale,
Slide 22: Boorara
Boorara • Boorara is a very large mineralised system within a complex quartz dolerite host rock • Drilling to date has identified three main deposits: Crown Jewel, southern stockwork and northern stockwork • Excellent width and grade continuity exists with intercepts including1: • 163m @ 1.94g/t Au
Slide 23: Boorara
Boorara • Extensive resource modeling has been completed internally and by independent experts1 Boorara Gold Project Resource to 200m depth • Current work focused on delivering a higher grade core component to the mineralisation at a Cut-off Grade Range ahead of further mine optimisations and infill
Slide 24: Nimbus silver zinc project
Nimbus silver zinc project • Nimbus acquired in 2011 inclusive of a 250ktpa processing plant • Additional crushers, mill and tanks acquired • Several studies completed to date and put on hold pending improved commodity prices • Current Mineral Resource comprises1: • 20.2Moz of silver • 104,000t of z
Slide 25: Appendix – JORC resource statement
Appendix – JORC resource statement Intermin Resources Limited – Summary of Gold Mineral Resources (at a 1g/t Au cut-off grade) Deposit Measured Indicated Inferred Total Resource (1g/t cut-off) Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Teal 2.91 2.08 194,848 1.34 2.19 94,140 4.25 2.
Slide 26: Appendix – MRP JORC resource statement
Appendix – MRP JORC resource statement Boorara Gold Resource (at a 0.5 g/t Au cut-off grade) Nimbus All Lodes (bottom cuts 12 g/t Ag, 0.5% Zn, 0.3 g/t Au) Category Tonnes Grade Grade Grade Ounces Ounces Tonnes Category Tonnes Grade Ounces Ag Au Mt Au (g/t) (k'000) Mt Ag (g/t) Au (g/t) Zn (%) (k'000)
Slide 27: Disclaimer and forward looking statements
Disclaimer and forward looking statements Some statements in this report regarding estimates or future events are forward looking statements. They include indications of, and guidance on, future earnings, cash flow, costs and financial performance. Forward looking statements include, but are not lim
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