Metal Bank Ltd · ASX:MBK
Metal Bank — Investor Presentation (October 2021)
28 slides from Metal Bank's investor presentation, Oct 26, 2021
Slide 1: Building a Gold and Copper Company
Building a Gold and Copper Company FOCUSSED ON GROWTH 2 6 O C TO B E R 2 0 2 1 ASX: MBK
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer Purpose of this document This investor presentation dated 26 October 2021 has been prepared by Metal Bank Limited ACN 127 297 170 (MBK) for general information purposes using the information available to MBK at the time of publication. Summary information By reviewin
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer Future performance This Presentation contains certain “forward-looking statements” and comments about future events, including statements regarding MBK’s intent, belief or current expectations with respect to MBK’s business and operations, exploration projects, marke
Slide 4: Important Notices and Disclaimer
Important Notices and Disclaimer JORC Code It is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC Code). Investors ou
Slide 5: Metal Bank Limited: Building a Gold and Copper Company
Metal Bank Limited Building a Gold and Copper Company Significant Acquisition – Livingstone Gold Project in WA Existing JORC 2004 Inferred Resource of 49,900 ounces Au1 at the Homestead prospect Exploration by Kingston confirms extensive gold mineralisation over ~40km strike length with multiple
Slide 6: The Opportunity
Metal Bank Limited The Opportunity Significant portfolio of advanced exploration projects Strategy focused on: • short term resource growth - advancing existing projects to substantially increase JORC Resources • fast track through feasibility, development and production • further growth through
Slide 7: Corporate Overview
Metal Bank Limited Corporate Overview Metal Bank Limited (ASX:MBK) is an Australian gold and copper exploration company Former Citadel team invested in MBK in 2011 – remain as substantial shareholders Highly experienced Board and management team led by Inés Scotland Aggressive business devel
Slide 8: Experienced Team
Experienced Team With a track record of success Inés Scotland – Executive Chair: Former MD of Citadel Resource Group and CEO of Ivanhoe after working for large scale gold and copper companies in Australia, PNG, USA and the Middle East Sue-Ann Higgins – Executive Director and Company Secretary: Exten
Slide 9: Transaction Highlights
Transaction Highlights Commercial terms and funding Livingstone Agreement with Kingston Resources to acquire its subsidiary Westernx Pty Ltd and its 75% interest in the Livingstone Project Consideration: • $2.5M cash and $1M consideration shares and options • $6.5M in deferred consideration on m
Slide 10: Transaction Highlights: Capital Raising Overview
Transaction Highlights Capital Raising Overview Offer size and structure Entitlement Offer of 2 shares for every 3 held at Offer Price of $0.008 to raise up to $6.34M 1 for 2 free attaching option exercisable at $0.016, expiring 7 December 2023 Offer partially underwritten to $5M Sub-underwr
Slide 11: Transaction Details: Timetable
Transaction Details Timetable – Entitlement Offer and Acquisition Event Timing Announcement of the Acquisition and the Entitlement Offer and lodgement of the Prospectus for the 26 October 2021 Entitlement Offer with ASX Entitlement Offer “Ex” Date 28 October 2021 Rights trading commences 28 October
Slide 12: Transaction Details: Pro forma Capital Structure
Transaction Details Pro forma Capital Structure CAPITAL STRUCTURE Shares Options Ordinary Shares and Options1 1,189,068,304 165,822,090 Entitlement Offer Shares and Options2 792,712,203 396,356,101 Lead Manager Fee Shares and Options2 7,500,000 15,000,000 Livingstone Acquisition consideration Shares
Slide 13: Livingstone Gold Project
Livingstone Gold Project An advanced exploration project covering the entire western arm of the Proterozoic Bryah-Padbury Basin (Host to Fortnum, Horseshoe, Hermes and Peak Hill gold deposits, with DeGrussa copper-gold further east) 395km1 granted tenure JORC 2004 Inferred Resource of 49,9002 oun
Slide 14: Livingstone Expansion Potential
Livingstone Expansion Potential Three ‘drill-ready’ targets exist in the Kingsley, Livingstone and Homestead gold prospects Kingsley (Au) deposit with mineralisation defined over 1km of strike and open, with MBK Exploration Target of 660 to 770 Kt grading 1.3 to 1.5g/t Au for a total of 30,000–34
Slide 15: Kingsley Gold deposit
Kingsley Gold deposit Drill-ready MBK Exploration Target1 of 660 to 770 Kt grading 1.3 to 1.5g/t Au for a total of 30,000–34,000oz Au using a nominal 0.5 g/t Au cut-off Shallow mineralisation open to the east, west and south Immediate work priority to convert to Indicated Resource (JORC 2012) Hi
Slide 16: Kingsley cross section
Kingsley cross section Shallow high grade intersections1 Forms coherent zones amenable to open cut mining Numerous high-grade Au zones within broad, shallow mineralisation Deposit open to the west section line 1 . MBK ASX Release “Livingstone Acquisition and Entitlement Offer to raise up to $6.3
Slide 17: Livingstone North
Livingstone North Historical mining activities, limited drilling in the 1980s with high-grade drilling intercepts >18g/t Au - never followed up 600m NE of Kingsley deposit Walk up drilling target - comprehensive drilling program planned to define Exploration Target size Extensive Au-in-soil anom
Slide 18: Livingstone North
Livingstone North 2km x 2km Livingstone North target with significant and extensive soil Au anomaly 600m NE of Kingsley deposit LIVINGSTONE NORTH Limited historical drill testing No drill testing below 25m depth Budget $200-300k KINGSLEY Image credit: Kingston Resources 18
Slide 19: Livingstone prospects and targets
Livingstone prospects and targets Multiple Au targets extending ~40km of strike1 Work program: prioritise and drill inadequately tested Au targets such as Hilltop and Stanley Resource extension drilling at Homestead Budget $100-200k 1 MBK ASX Release “Livingstone Acquisition and Entitlement Offe
Slide 20: Livingstone Expansion Potential
Livingstone Expansion Potential PROJECT STATUS ADVANCEMENT PLAN (2022) Defined Resource (50koz – Homestead Resource extension 100koz+ Au) (JORC Resource drilling 49koz Au) Advanced exploration drilling to Resource drill-out Resource Targets Kingsley, Livingstone - Livingstone North, Exploration dril
Slide 21: Millennium Copper & Cobalt Project
Millennium Copper & Cobalt Project The Millennium Project, near Cloncurry in NW QLD, holds an inferred 2012 JORC resource of 5.9Mt @ 1.08% CuEq1 across 5 granted Mining Leases with significant potential for expansion MBK has an exclusive option to earn up to an 80% interest presenting an excellent
Slide 22: Millennium Location & Growth Potential
Millennium Location & Growth Potential Location: Significant Resource Growth Potential: Very close to Rocklands Encouraging MBK deposit and 2021 Resource- processing marginal drill plant intersections1 Central Resource zone mining region open along strike known for and at depth significant
Slide 23: Millennium Cu-Co Growth Plan
Millennium Cu-Co Growth Plan GROWTH PLAN – Demonstrate Exploration Target1 8-10Mt+ @ 1.0-1.1% CuEq within 12 months Phase 1 – $450k for 1800-2000m RC/DD Exploration Target scoping program • Test open Southern and Central shoots at depth, shallow Northern Area extension/infill and Pilgrim/Fountain
Slide 24: 8 Mile Advanced Gold Project
8 Mile Advanced Gold Project Located near Mt Rawdon gold mine (2Moz) Multiple large-scale gold targets along >3.6km mineralised corridor at Eastern Target Flori’s Find system 400m+ along strike and 200m+ at depth Open at depth and along strike NE Underlying porphyry intrusion identified wi
Slide 25: Wild Irishman
Wild Irishman New Tenement Grant Southern Extensions to Floris Find at 8 Mile EPM 27693 “Wild Irishman” granted adjacent to the 8 Mile Project Wild Irishman expands the existing 8 Mile Project area, and allows exploration for potential southern extensions to the Floris Find JORC 2012 Resource an
Slide 26: Eidsvold Project
Eidsvold Project Alteration Zones & Planned Work Tenure over the historic Eidsvold Goldfield (100koz+ Au) Looking for the big target – the ‘driver’ 2021 Great Eastern Target drilling intersected strong alteration zones, broad enrichment and narrower high-grade mineralisation returning up to 1m @ 0.
Slide 27: Looking Ahead
Looking Ahead Focussed on Growth: existing projects & new acquisitions Livingstone - Gold Aggressive exploration work program planned to target short term Resource growth Millennium - Copper & Cobalt MBK intends to exercise option for stage 1 earn-in to 51% upon finalising earn-in and JV agreement t
Slide 28: Contact Us
Metal Bank Limited contact us ASX Code: MBK www.metalbank.com.au Inés Scotland Executive Chair Ines@metalbank.com.au Sue-Ann Higgins Executive Director and Company Secretary sue-ann@metalbank.com.au 28