Metal Bank Ltd · ASX:MBK
Metal Bank — Shareholder Meeting (November 2016)
30 slides from Metal Bank's shareholder meeting presentation, Nov 24, 2016
Slide 1: Growth After Discovery
GROWTH AFTER DISCOVERY NOVEMBER 2016 ASX: MBK 1
Slide 2: Disclaimer
Disclaimer Purpose of this document This presentation has been prepared by Metal Bank Limited (“MBK") for general information purposes only using the information available to MBK at the time of publication. No reliance The information contained in this presentation is not investment, tax, accounting
Slide 3: Investment Highlights
Investment Highlights the opportunity The right commodity - gold Experienced Board and management with a proven track record of gold resource discovery and development The right asset - the Triumph Project: drilling success to date has created an excellent platform to build a substantial resource
Slide 4: Who Are We
Who Are We discovery driven growth Metal Bank Limited is an ASX listed minerals exploration company (ASX:MBK) Core focus is creating value through a combination of exploration success and quality project acquisition Key projects are the Triumph and Eidsvold Gold Projects situated in the northern
Slide 5: Our Business - Gold
Our Business - Gold discovery driven growth Triumph Project - Two near surface high grade gold discoveries in 2016 New Constitution – 10m @ 26.9g/t Au, 165g/t Ag, 6% Zn from 51m (open) Bald Hill - 15m @ 10.3g/t Au, 76g/t Ag, 0.5% Cu from 9m 14m @ 2.6g/t Au, 34g/t Ag, 1.1% Cu from 17m Emergence of
Slide 6: Triumph Project
Triumph Project the opportunity - first mover advantage High grade gold discovery – demonstrated from recent drilling Potential for further discoveries – only two targets tested so far High grade and bulk tonnage gold potential – substantial upside Intrusion related gold systems – scale for multi-mi
Slide 7: Corporate Overview
Corporate Overview Metal Bank Limited 12 month share chart ASX: MBK 0.04 shares 688.8M 0.02 options 15M high grade gold intersected in drilling June 2016 share price* $0.035 50M cash at bank** $5.0M market cap $24M Board and Management *as at 21 Nov 2016 Inés Scotland Non-exec Chair **as at 31 Octob
Slide 8: Our Team
Our Team discovery – financing – development – M&A Inés Scotland Over 25 years in the mining industry – founding shareholder and MD of Citadel through its massive Chair growth during the discovery/development of the Jabal Sayid copper project in Saudi Arabia and $1.3B sale in 2011. Inés has raised
Slide 9: Triumph Programme
Triumph Programme proposed exploration Drilling – 12 mths (In progress) Next 6 months – 5,000m of drilling (RC and diamond), Bald Hill, New Constitution, other priority targets 6 to 12 months – 6,500m of drilling (RC and diamond) Targeted Outcomes – 12 mths Define near surface gold resources to supp
Slide 10: Other Programmes
Other Programmes proposed exploration Eidsvold Project Large intrusion related gold system undercover surrounding the historical Eidsvold goldfield (100,000 oz production circa. 1900’s). Entire intrusive complex (250km2) secured under tenure and underexplored. Programme - Geophysics (airborne EM) an
Slide 11: Summary
Summary Metal Bank Limited Low cost gold opportunity in growth phase A high quality project with big upside backed by a team who has delivered before Potential for significant uplift in value through further discoveries, resource definition and development Additional exploration projects wit
Slide 12: Metal Bank Limited
Metal Bank Limited overview – assets and company Section 2 – Assets and Company 12
Slide 13: Our Business - Gold
Our Business - Gold established gold province The South East Queensland mining corridor has historically proven the opportunity to: define near surface high grade gold deposits with low mining costs define large bulk tonnage gold deposits in an area with good infrastructure 18Moz Au established
Slide 14: Triumph Project Upside
Triumph Project Upside intrusion related gold system Large deposit examples in Qld 18Moz Au established gold producing district, close to excellent infrastructure Section 2 – Assets and Company 14
Slide 15: Triumph Project
Triumph Project discovery history – the journey so far 2009 Exploration Strategy Targeted ‘unloved’ historical goldfields that could be overlooked intrusion related gold systems in Eastern Australia 2010 Secured Tenure Created a watch list of opportunities and secured a number of historical goldfiel
Slide 16: Triumph Project
Triumph Project underexplored gold system 15km2 Triumph grade gold camp – dominantly concealed by shallow cover Under cover areas are highly prospective First under cover drilling intersected high grade gold at Bald Hill High grade gold intersected under historical workings at New Constitution Secti
Slide 17: Bald Hill
Bald Hill 2016 – first high grade discovery Bald Hill – high grade gold discovery 15m @ 10.3g/t Au, 76g/t Ag, 0.5% Cu from 9m including 4m @ 34.2g/t Au, 220g/t Ag, 1.4% Cu from 14m Section 2 – Assets and Company 17
Slide 18: Bald Hill
Bald Hill near surface high grade gold – target at depth 3D IP geophysical model – 3D oblique view 3D IP Untested target - extension of near surface mineralisation to depth as a ‘pipe’ / feeder zone target Section 2 – Assets and Company 18
Slide 19: New Constitution
New Constitution 2016 – second high grade discovery New Constitution – follow-up programme 10m @ 26.9g/t Au, 165g/t Ag and 6% Zn from 51m (open) incl. 7m @ 36.3g/t Au, 220g/t Ag and 7.9% Zn from 51m (open) Follow-up of 4m @ 5.3g/t Au and 3m @ 3.7g/t Au in oxide zone, could indicate supergene gold de
Slide 20: New Constitution
New Constitution near surface high grade gold Section A-AI Collectively 3km of untested targets - Only 14 holes for 270m completed on New Constitution prospect Section 2 – Assets and Company 20
Slide 21: Triumph gold project
Triumph gold project multi-million ounce upside Bulk tonnage gold High grade gold Two targets drilled to date Near surface high grade gold discovered High grade leakage of Bulk tonnage style something LARGE? potential associated with causative intrusive Section 2 – Assets and Company 21
Slide 22: High Grade Gold Results
High Grade Gold Results near surface Triumph Project - Two near surface high grade gold discoveries in 2016 New Constitution 10m @ 26.9g/t Au, 165g/t Ag, 6% Zn from 51m (open) (TDH056) (05 Sept 2016) Prospect incl. 7m @ 36.3g/t Au, 220g/t Ag, 7.9% Zn from 51m Bald Hill Prospect 15m @ 10.3g/t Au, 76g
Slide 23: Looking Forward
Looking Forward Triumph programme 6 months The next 6 months Drilling (5,000m of RC and DD) 50% Targeting near surface high grade gold resources – New Constitution and Bald Hill) 40% other priority targets (Advance, Handbrake Hill, Cattle Ck) 10% bulk tonnage targets (Harmony) Environmental Ap
Slide 24: Looking Forward
Looking Forward Triumph programme 6 to 12 months The next 6 to 12 months – Drilling (5,000m RC and 1,500m DD) 50% Defining near surface high grade gold resources – JORC resource 30% Deeper drilling of well defined high grade zones 10% other priority targets 10% bulk tonnage targets Section 2
Slide 25: Looking Forward
Looking Forward Triumph targeted outcomes Open Pit scenarios – define near surface resources Underground scenarios - Commencement of deeper drilling of high grade gold zones Section 2 – Assets and Company 25
Slide 26: Eidsvold Project
Eidsvold Project past production (100,000oz) early 1900’s 18Moz Au established gold producing district Section 2 – Assets and Company 28
Slide 27: Eidsvold Project
Eidsvold Project fertile intrusive complex 100,000oz historical goldfield hosted by intrusive basement exposed through sedimentary cover Alteration and structural targets defined in a 10km long corridor represent potential intrusive related gold systems Discovery of intrusion related gold mine
Slide 28: Eidsvold Project
Eidsvold Project first mover advantage / opportunity Now opens up 250km2 of virtually unexplored, prospective fertile intrusive complex hosting historical goldfield Large ground holding secured Magnetite destruction an important targeting tool Potential for early success targeting interprete
Slide 29: Metal Bank Limited
Metal Bank Limited our story so far 2011 ASX IPO 2013 Change of Board and management. New cornerstone investors. Acquired 100% of Roar Resources Pty Ltd which owned the Triumph and Eidsvold projects 2014 – 2015 Evaluation of exploration opportunities in Australia (Triumph and Eidsvold gold projec
Slide 30: Metal Bank Limited
Metal Bank Limited contact us ASX Code: MBK www.metalbank.com.au Tony Schreck Director +61 419 683 196 tony@metalbank.com.au “Go out and find me 100,000oz Au….. ……….and then grow it to 10Moz Au” Section 2 – Assets and Company 30