Slide 1: A Vibrant and Growing Gold Producer in a World Class District
A Vibrant and Growing Gold Producer in a World Class District Paul Poli Executive Chairman
Slide 2: Important Notice
Important Notice Disclaimer and Forward Looking Statements This presentation has been prepared by Matsa Resources Limited (“Matsa” or the “Company”). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentati
Slide 3: Corporate Overview
Corporate Overview Corporate Structure Directors Stock Code ASX: MAT Paul Poli Executive Chairman, Managing Director Shares on Issue 176.93 M Frank Sibbel Non-Executive Director Unlisted Options 22.4 M @ $0.17 - $0.30 Non-Executive Director & Company Andrew Chapman Secretary Market Capitalisation A$
Slide 4: Why Buy Matsa?
Oo Why Buy Matsa? Because we're busy and on the move! » MATSA
Slide 5: Pathway to success
Pathway to success Well Funded ~$6M cash and liquid assets (18 Feb 2019) $3m debt facility due 31st July 2020 Continuing to Develop & Mine Red October Fortitude Others Red Dog, Zelica, Hill East, Democrat Building cash reserves through mining World Class Location Enviable location with quality explo
Slide 6: Western Australian Project Portfolio
Western Australian Project Portfolio Fortitude Gold Mine Resource 342,600 oz Au Red October Gold Mine Resource 99,000 oz Au Lake Carey Gold Project Exploration 600km2 Symons Hill Nickel Exploration 56km2 6
Slide 7: Matsa’s Gold Resources
Matsa’s Gold Resources Indicated Inferred Total Resource Tonnes Au Tonnes Au Tonnes Au Au (t) (g/t) (t) (g/t) (t) (g/t) (Oz) Fortitude 2,945 1.8 2,503 2.1 5,449 2 342,600 Red October 340 4.5 106 14.7 446 6.9 99,000 Total 3,285 2.08 2,609 2.61 5,895 2.37 441,600 7
Slide 8: Lake Carey Gold Project
Lake Carey Gold Project ❑ Highly prospective ~600km2 in close proximity to world class gold mines Sunrise Dam >10Moz Wallaby >7Moz Granny Smith >2Moz ❑ Underground mining now commenced at Red October Gold Mine ❑ Strategy of mining small gold deposits highly successful, Matsa has unlocked previously
Slide 9: Recent Mining Outcomes
Recent Mining Outcomes ❑ Matsa has proved its capacity to plan, develop and successfully execute mining projects in- house ❑ Fortitude trial mine A$700,000 cash surplus, created excellent knowledge base for larger Stage 2 mine, now in planning stage ❑ Red Dog Mine A$5.4 M cash surplus, drilling comm
Slide 10: Future Mining Opportunities
Future Mining Opportunities ❑ Matsa now has proven mining capacity, several near term opportunities exist at Lake Carey for mining which provides pathway to increased future gold production Gold Production in Ounces ❑ Red October has commenced with initial 7-month production of 10,222 oz 60000 gold,
Slide 11: Red October Gold Mine
Red October Gold Mine ❑ Red October mining tenements contiguous to Lake Carey Gold project ❑ Excellent acquisition of 100% interest for cash and scrip valued at $2M ❑ Red October is a high-grade narrow vein gold deposit with significant exploration potential ❑ Historical production of 342,000oz gold
Slide 12: Red October Gold Mine
Red October Gold Mine ❑ Gold resource 85,000 oz @ 13.6 g/t Au. ❑ Mining commenced Feb 2019, with first ore scheduled for delivery to mill April 2019 ❑ Mining on an owner operator model with all staff directly employed by Matsa ❑ Initial 7 month starting phase produces 56,673t of ore at 5.61g/t for 1
Slide 13: Significant Upside Red October Gold Mine
Significant Upside Red October Gold Mine ❑ Substantial targets outside of the underground resource, already identified for diamond drilling ❑ Drill targets such as Bruce Lode, Nemo and Eastern Breaks represent exciting targets for near mine mineralisation ❑ Extensions to known resources such as Marl
Slide 14: Significant Exploration Upside Red October
Significant Exploration Upside Red October ❑ High priority exploration targets identified from past exploration data * ❑ Aircore intercepts in fold closure along strike from Red October with reported values up to 2.49 g/t Au ❑ Gold anomalous aircore intercepts at Nautilus over distance of 3km with r
Slide 15: 2019 Fortitude Recommencement Open Cut Pit
2019 Fortitude Recommencement Open Cut Pit ❑ Fortitude Stage 2 Mine has all mining and environmental permits in place ❑ Needs a gold price of $1,850 ounce ❑ Trial Mine provided high confidence of gold resource in unweathered zone and high metallurgical recoveries ❑ Feasibility and re-optimisations o
Slide 16: Lake Carey- Exploration Upside
Lake Carey- Exploration Upside ❑ Large and highly prospective, tenement package (~600km2) in the Laverton tectonic zone surrounded by world class gold mines ❑ Considerable scope for regional exploration success, with early drilling demonstrating opportunities ❑ Areas covered by salt lakes historical
Slide 17: Lake Carey- Exploration Upside
Lake Carey- Exploration Upside ❑ The company has completed over 46,500m of aircore drilling, 1,860m of RC drilling and 1,958m of diamond drilling on exploration targets since 2017 ❑ Majority of the drilling has been on targets in and immediately adjacent to Lake Carey ❑ Recent discovery of new bedro
Slide 18: Lake Carey- Fortitude North
Lake Carey- Fortitude North ❑ Aircore intercept at Fortitude North include: 47m @ 2.55 g/t Au from 42m incl. 5m @ 17.7 g/t Au from 53m 4m @ 4.43 g/t Au from 96m 1m @ 8.28 g/t Au from 63m ❑ RC drilling in 2018 returned best intercepts of 5m @ 5.46 g/t Au incl. 3m @ 8.70 g/t Au incl. 1m @ 11.75 g/t Au
Slide 19: Lake Carey- A great place to be
Lake Carey- A great place to be ❑ Existing Gold resources in prolific gold mining district ❑ Very large neighbouring gold mines providing infrastructure and opportunities ❑ Nearology breeds confidence, “the best place to look for gold is near existing gold” ❑ Aggressive exploration drilling achievin
Slide 20: FY2018 Value Drivers
FY2018 Value Drivers A clear and committed growth plan Current mining and production plans fully funded Portfolio of quality gold targets with aggressive exploration and development program Experienced and committed board and management Strong balance sheet – cash and liquid assets Suppo
Slide 21: Contact
Contact Paul Poli Executive Chairman Suite 11, 139 Newcastle Street Perth, Western Australia 6000 +61 8 9230 3555 reception@matsa.com.au 21