Meeka Metals Limited · ASX:MEK
Meeka Metals — RIU Sydney Resources Round-up 2021
13 slides from Meeka Metals's conference presentation, May 4, 2021
Slide 1: Gold Exploration Underway
GOLD EXPLORATION UNDERWAY RIU Sydney Resources Round-up May 2021 ASX:LCD
Slide 2: 10,000m Drill Program Underway
10,000m Drill Program Underway Building on a large existing high grade gold resource ▪ High grade Andy Well and Gnaweeda Gold Project purchased from Silverlake Resource for $10 per resource ounce ($8m) in February 2021 ▪ High confidence, high grade 776,000 ounce gold Mineral Resource (67% in Measure
Slide 3: High Grade Gold Mine
High Grade Gold Mine Andy Well produced 330,000oz at 8g/t up until 2017 when gold price was A$1,600/oz ▪ Following discovery of the high grade Wilber lode in 2010, Doray Minerals share price went from: 20c (February 2010) $1.40 (November 2010) ▪ Mineral Resource of 1.8Mt @ 8.6g/t for 505,000 ounces
Slide 4: High Grade Gold Exploration
High Grade Gold Exploration Significant drill results at Andy Well need to be followed up ▪ Existing gold resources remain open at depth and along strike ▪ High grade exploration targets outside the Mineral Resource include: ▪ Suzie North Lode 3.6m@8.8g/t Au (incl. 0.5m@59.0g/t Au) WBUG0124 ▪ Highwa
Slide 5: Shallow High Grade Gold Deposit
Shallow High Grade Gold Deposit Turnberry – suitable for open pit mining and close to large operating gold processing facilities ▪ Shallow high grade gold Mineral Resource of 4.2Mt @ 2.0g/t for 271,000 ounces ▪ Significant 1.5km strike ▪ Mineralisation open to the north, south and at depth ▪ High gr
Slide 6: Large Resource Growth Potential
Large Resource Growth Potential Turnberry – drilling shows high grade mineralisation outside reported gold Mineral Resource ▪ Detailed review of existing drill database by Latitude’s geology team commenced following acquisition ▪ High grade gold mineralisation identified in drilling results outside
Slide 7: 5.5km of Anomalous Gold Mineralisation
5.5km of Anomalous Gold Mineralisation Underexplored St Anne’s corridor ▪ Gold depletion observed in the transported cover and regolith (10-20m depth) ▪ Shallow air core drilling unreliable at predicting mineralisation potential at depth ▪ Gold in aircore drilling considered significant and should b
Slide 8: High Grade Gold = Mining Potential
High Grade Gold = Mining Potential Mining studies underway ▪ Open pit and Underground Scoping Study underway ▪ 517,000 gold ounces in high confidence Measured and Indicated Resource classification to form basis for scoping study ▪ Delivery of study outcome – December 2021 ▪ Three options being consi
Slide 9: Top 20% Hold 45% of the Register
TOP 20% HOLD 45% OF THE REGISTER Board & Management hold ~9% = well aligned with shareholders Capital Structure Board & Management ▪ Experienced businessman and active investor in media, technology and resources Share Price (3 May 2021) A$/share 0.047 Timothy Moore industries ▪ Holds several other B
Slide 10: Exploration…With a Clear Pathway to Mine Development
Exploration…With a Clear Pathway to Mine Development Latitude investment thesis ✓ 10,000m drill program underway, 1. Exploration Upside assay results imminent ✓ High grade, high confidence gold 2. Large Mineral Resource resource in place ✓ Cashflow potential as the company 3. Mine Development works
Slide 11: Mineral Resource Statement
Mineral Resource Statement JORC 2012 Measured Indicated Inferred Total Tonnes Au Grade Au Ounces Tonnes Au Grade Au Ounces Tonnes Au Grade Au Ounces Tonnes Au Grade Au Ounces Project (kt) (g/t) (oz) (kt) (g/t) (oz) (kt) (g/t) (oz) (kt) (g/t) (oz) Andy Well 127 13.7 56,000 1,063 9.2 315,000 628 6.6 1
Slide 12: Important Information
IMPORTANT INFORMATION Disclaimer This information contained in this presentation is issued by Latitude Consolidated Limited (“Latitude” or “the Company”). The information contained herein is confidential and proprietary to the Company and is provided to recipients on the terms and conditions set out
Slide 13: Latitude Consolidated Limited ASX:LCD
LATITUDE CONSOLIDATED LIMITED Ground Floor, 16 Ord Street West Perth WA 6005 Tim Davidson │Chief Executive Officer (08) 9482 0550 info@latitudeconsolidated.com.au www.latitudeconsolidated.com.au ASX:LCD Slide 13