Cygnus Metals Limited · ASX:CY5
Cygnus Metals — Investor Presentation (September 2019)
13 slides from Cygnus Metals's investor presentation, Sep 18, 2019
Slide 1: RIU Roadshow Presentation September 2019
RIU Roadshow Presentation September 2019
Slide 2: Cautionary statements
Cautionary statements This presentation contains summary information about Cygnus Gold Limited (Cygnus or the Company). The information in this presentation is of general background and does not purport to be complete. Forward looking statements This presentation may contain certain forward looking
Slide 3: Cygnus Projects in the Wheatbelt, WA
Cygnus Projects in the Wheatbelt, WA High grade gold, base metals. 100% & JVs with Gold Road • >8,000km2 tenements in the Southwest Terrane • High metamorphic grade geological terrane within the prolific Yilgarn Craton • Poorly explored due to widespread post-mineral cover and limited geophysical da
Slide 4: Corporate Snapshot
Corporate Snapshot Experienced Board, recognised industry partners, leveraged to exploration success Board of Directors Capital Structure Michael Bohm Shares on issue 60,683,341 Mining engineer with extensive corporate and operations Non-Executive experience globally. Shares held in escrow until 15/
Slide 5: Bencubbin (nickel-copper-gold-base metals)
Bencubbin (nickel-copper-gold-base metals) Multi-commodity, drill-ready • 650km2 package prospective for magmatic nickel-copper (PGE) and base metals Grylls • >70km long Bencubbin target Greenstone includes 18km surface nickel anomaly (Bencubbin North) and Mandiga gossan (base metals) including the
Slide 6: Bencubbin (nickel-copper, gold, base metals)
Bencubbin (nickel-copper, gold, base metals) Priority targets drill ready • 15km long nickel-in-soils anomaly at Bencubbin North, wide- spaced sampling (800m x 80m or 400m x 80m grids) • Historical drilling ~15km SE of Bencubbin North included1: ➢ 12m @ 0.13% Ni from 48m in MERA3 and ➢ 16m @ 0.12% N
Slide 7: Bencubbin (Nickel) Aircore program
Bencubbin (Nickel) Aircore program Proposed AC traverses • First phase soil sampling at Bencubbin South (231 samples). Results later this month. • Reanalysis of 80 pulps at Bencubbin North for PGEs • Grylls base metals target identified at Mandiga • Drill traverses across the top three nickel-copper
Slide 8: Bencubbin (Mandiga Trend)
Bencubbin (Mandiga Trend) Grylls Pb-Zn target, best Pb-Zn targets never drilled • Mandiga Gossan, VMS (Pb-Zn-Cu-Ag ) prospect from soils and historical drilling1: ➢ 2m @ 0.63% Pb from 52m in DMA2; and ➢ 2m @ 1.7% Zn from 176m in DMA5. • Undrilled Grylls base metals target to the south of historical
Slide 9: Gold Road joint ventures
Gold Road joint ventures Well-credentialed partner • Cygnus managing three JV projects covering ~5,000km2 • Wadderin/Lake Grace Earn-in JVs: GOR to spend A$3.7M to earn 75% (four years). GOR now achieved 51% earn-in at Lake Grace, continuing to 75% by spending a further $500k • Yandina JV: 75% Gold
Slide 10: Lake Grace JV – Hammerhead
Lake Grace JV – Hammerhead Broad gold and arsenic zone • Zone of >20ppb Au associated with Yandina Shear including1: ➢ 1m @ 0.15 g/t Au from 52m in hole LGAC0019 ➢ 1m @ 0.12g/t Au from 11m in hole LGAC0022 • Nearest drilling ~16km to the south • Arsenic association • Follow-up 3,500m AC drilling and
Slide 11: Stanley (100% CY5) – Kepler & McDougalls
Stanley (100% CY5) – Kepler & McDougalls Shallow, high-grade gold Bottleneck-Kepler1 • BNDD003: 10.9m @ 15.1g/t Au (incl. 4.8m @ 34 g/t Au) • Recognition of Kepler Zone • Proof of concept drillhole STRC0020 ~220m northwest of earlier drilling1: ➢ 6m @ 1.95g/t Au from 81m McDougalls2 • Widespread (>1
Slide 12: Burracoppin (base metals)
Burracoppin (base metals) Co-funded drilling priority targets • Volcanic massive sulfide (VMS) base metals (Silver-Lead-Zinc) identified in historical work Anomaly 15 • Only six historical RC holes (616m) which intersected broad zones of polymetallic mineralisation analogous to known VMS belts globa
Slide 13: Cygnus Gold - Contact
Cygnus Gold - Contact James Merrillees Managing Director – Level 2, 45 Richardson St, West Perth, WA 6005 PO Box 571 West Perth WA 6872 – E: j.merrillees@cygnusgold.com T: +61 8 6118 1627 W: www.cygnusgold.com
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