Nagambie Resources Limited · ASX:NAG
Nagambie Resources — Shareholder Meeting (November 2023)
27 slides from Nagambie Resources's shareholder meeting presentation, Nov 30, 2023
Slide 1: Annual General Meeting Company Presentation
ADVANCING A HIGH-GRADE ANTIMONY & GOLD DISCOVERY Annual General Meeting Company presentation 30 NOVEMBER 2023 | ASX: NAG
Slide 2: Disclaimer
DISCLAIMER The material in this presentation has been prepared by Nagambie Resources Limited (“Company”). This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approva
Slide 3: Corporate Overview
CORPORATE OVERVIEW % Quoted shares Company ASX Code NAG Register Southern Cross Gold 9.71% Share Price 1 AUD$0.030 Adare Manor Pty Ltd <Adare Manor Super Fund A/C> 8.59% Ordinary Shares on Issue ~581,726,316 PPT Nominees 5.32% Quoted options on Issue ~75M Directors and Senior Management 22% Market C
Slide 4: Strategy
STRATEGY Shareholder Value Non – Gold Assets Develop and realise value Exploration Discover minable gold and antimony deposits through HOLDER OF MINING cost LICENCE effectiveISSUED (ORIGINALLY exploration, FOR THEand joint NAGAMBIE HEAP LEACH GOLD MINE) WHICH OFFERS MAJOR PROJECT DEVELOPMENT ADVANTA
Slide 5: Exploration Projects
EXPLORATION PROJECTS Nagambie Resources’ tenement holding: • 35 tenements totalling +3,300 sq km • 7 tenements in the Whroo JV Fosterville Gold Mine totalling 179 sq km Fosterville Mine • 3 tenements in the Redcastle JV In March 2023, totalling 75 sq km Fosterville celebrated producing its 4 million
Slide 6: Nagambie Antimony Gold Project
NAGAMBIE ANTIMONY GOLD PROJECT Drilling on the north side of the West Pit (NAD016 to NAD028) West Pit The drill program completed to date April 2022 35 11,000+ m 1621+ Drill program No. of drillholes No. of meters drilled No. of assays completed commencement completed ASX: NAG | 6
Slide 7: Nagambie Antimony Gold Project: The Discovery
NAGAMBIE ANTIMONY GOLD PROJECT The discovery 4 38 1.6 m 14.5 g/t 5.6% 3.8g/t Announced on 16 high-grade vein Minable Average estimated Minable lode average Minable lode Minable lode November 2022, one of systems intersections (lodes) horizontal thickness of average ANTIMONY gold equivalent grade ave
Slide 8: Nagambie Antimony Gold Project
NAGAMBIE ANTIMONY GOLD PROJECT Prospective length of approximately 2.5 km ASX: NAG | 8
Slide 9: Nagambie Antimony Gold Project
NAGAMBIE ANTIMONY GOLD PROJECT Figure disclosed in ASX Announcement on ASX: NAG | 9 13 October 2023
Slide 10: Nagambie Antimony Gold Project
NAGAMBIE ANTIMONY GOLD PROJECT Figure disclosed in ASX Announcement on ASX: NAG | 10 13 October 2023
Slide 11: Nagambie Antimony Gold Project
NAGAMBIE ANTIMONY GOLD PROJECT Figure disclosed in ASX Announcement on ASX: NAG | 11 13 October 2023
Slide 12: Nagambie Antimony Gold Project
NAGAMBIE ANTIMONY GOLD PROJECT Figure disclosed in ASX Announcement on ASX: NAG | 12 13 October 2023
Slide 13: Nagambie Antimony Gold Project: Exploration Decline
NAGAMBIE ANTIMONY GOLD PROJECT Exploration decline Oredrives Exploration development Accesses contains the following Crosscuts development: • Twin decline • Decline link drives Decline Link Drives • Decline Stockpiles • Decline Sumps HOLDER OF MINING LICENCE (ORIGINALLY ISSUED FOR THESumps NAGAMBIE
Slide 14: Antimony
ANTIMONY • Antimony is one of only six minerals listed as critical in the US, Canada, Europe, Japan, China and Australia • Total world reserves are approximately 2,000,000 tonnes ASX: NAG | 14
Slide 15: Antimony Uses
ANTIMONY Antimony Historically and economically, antimony is the second most important metallic commodity in Victoria, after gold (Geological Survey of Victoria). Main uses of Antimony • As an alloy to harden lead and tin for uses in lead-acid batteries, bullets, cable coverings and machine bearings
Slide 16: Top Antimony Ore Producers in 2022
ANTIMONY Top 10 antimony ores producers in 2022 tonnes VIETNAM 300 IRAN 400 PAKISTAN 800 TURKEY 1300 BOLIVIA 2500 MYANMAR 4000 AUSTRALIA 4000 TAJIKISTAN 17000 RUSSIA 20000 CHINA 60000 0 10000 20000 30000 40000 50000 60000 70000 ASX: NAG | 16
Slide 17: Global Antimony Ore Production
ANTIMONY Global Antimony Ore Production 180,000 15.00% 162,000 160,000 10.20% 10.00% 147,000 5.00% 140,000 0.00% 120,000 111,000 112,000 110,000 0.90% -5.00% -1.79% Axis Title Axis Title 100,000 -10.00% 80,000 -15.00% 60,000 -20.00% 40,000 -25.00% 20,000 -30.00% -31.48% 0 -35.00% 2018 2019 2020 2021
Slide 18: Average Quarterly Antimony Price
18,000 16,000 | 14,000 F 12,000 + 10,000 F 8,000 | 6,000 5 4,000 F 2,000 AVERAGE QUARTERLY ANTIMONY PRICE (US$/TONNE) Rotterdam Warehouse (Metal Bulletin) if2[a]a if2]a]a rafal. rf2[s]a rf2[s]a r|2/a]a if2[s]a if2[s]a 2016 2017 2018 2019 2020 2021 2022 2023 f NAGAMBIE (wy RESOURCES
Slide 19: Antimony Key Themes
ANTIMONY ANTIMONY KEY THEMES The price of Antimony has risen 233% 1. The antimony industry is influenced by the interplay of global economic recovery, growing applications in emerging sectors, and since Q1 2020 to Q2 2022. the impact of events like the pandemic. • Antimony ore resources are unevenly
Slide 20: Nagambie Joint Venture (NJV)
NAGAMBIE JOINT VENTURE NAGAMBIE JOINT VENTURE (NJV) The NJV was formed to develop a Central Processing Hub at the Nagambie Mine site, with: 1. Sb-Au Processing Plant and tube cell tailings storage facility 2. Renewable energy hub (biogas and solar) Heathcote 3. Microbial bioleaching research Antimon
Slide 21: Processing Plant and Renewable Energy Hub
NAGAMBIE JOINT VENTURE Processing Plant Renewable energy hub Stage 1 – Oxide CIL plant RENEWABLE POWER FERTILIZER / COMPOST GREEN WASTE REUSE Stage 2 – Addition of a hydrometallurgical plant ENRICHED DIGESTATE FOR PRODUCTION OF SOIL FOR TAILS COMPRESSED GAS CARBON ABATEMENT THROUGH INJECTION INTO TA
Slide 22: Ore Sources for Processing Plant
NAGAMBIE JOINT VENTURE ORE SOURCES FOR PROCESSING PLANT Golden Camel Sb-Au Mine GEOLOGICAL REGION FOR EPIZONAL ANTIMONY–GOLD DEPOSITS • Sb: ~8,300 t IN VICTORIA • Au: ~400,000 oz • Mine ready now Nagambie Sb-Au Processing Plant Heathcote Antimony Mine • Sb: ~73,150 t (Nagambie Mine) • Au: ~402,000 o
Slide 23: Unique Proposition
NAGAMBIE JOINT VENTURE Unique proposition • A new long–term supply – GCM’s mines will provide first ores for processing – Ores from NRL’s Sb-Au Project are targeted to be processed in the medium term – Likely to unlock numerous other (third party owned) ore deposits • GCM and NRL are promoting this
Slide 24: Mineralised Ore Bioleaching Project
MINERALISED ORE BIOLEACHING PROJECT Stage Status Stage 1 Completed Federal Government’s Innovation Connection Program grant $50,000 Working with a Perth-based laboratory Outcome: Identified that both native and externally sourced bacteria were able to leach gold when suitable conditions were provide
Slide 25: Realising Value from Non Gold Assets
REALISING VALUE FROM NON GOLD ASSETS PASS PROJECT • NRL has an EPA-approved Environment Management Plan to store PASS in the legacy water-filled pits at the Nagambie Mine as part of the proposed rehabilitation of those pits. • Best practice management of large volumes of wet PASS • NRL is a PASS dis
Slide 26: Next 12 Months Objectives
NEXT 12 MONTHS OBJECTIVES Q1 2024 Q3 2024 • Announce maiden • Advance permitting JORC inferred of the decline and resource associated • Re commence underground drilling to extend development discovery • Continue drilling Finalise decision to Q4 2023 Q2 2024 Q4 2024 develop the • Commence permitting
Slide 27: Contact
CONTACT 533 Zanelli Road PO Box 339 Nagambie VIC 3608 +(03) 5794 1750 www.nagambieresources.com.au ASX: NAG | 27
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