Matsa Resources Ltd · ASX:MAT
Matsa Resources — RIU Resurgence Conference 2022
29 slides from Matsa Resources's conference presentation, Nov 23, 2022
Slide 1: Towards 1Moz and beyond
Towards 1Moz and beyond RIU Resurgence Conference - The Next Big Discovery Matsa Corporate Presentation | 23-24 November 2022
Slide 2: Disclaimer and Forward Looking Statements
Disclaimer 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 presentation may
Slide 3: Corporate overview
Overview Corporate overview Gold Resource Resource Grade Top 20 Ownership DIRECTORS Paul Poli 886,000 oz 2.4 g/t 55% Executive Chairman Mr Poli is a CPA with over 34 years of business and corporate experience. He founded Matsa Resources and has spearheaded M&A deals with Panoramic, Bulletin, Westgol
Slide 4: Gold focus with a twist of lithium
Discovery overview Gold focus with a twist of lithium Gold PanAust • Lake Carey focus with 886koz @ 2.4g/t Au JORC Resource • Fortitude North drilling planned targeting maiden resource with Kingsgate aim of achieving +1Moz JORC Resource at lake Carey • High grade gold-silver at Thali prospect (Thail
Slide 5: Lake Carey Exploration
Lake Carey Exploration World class setting • 449km2 high quality area in north-east goldfields region surrounded by world class mines • Multiple corridors along an extensive 94km of strike • Focus on resource growth targeting +1Moz baseline • Fortitude, Bindah and Wilga structural trends to deliver
Slide 6: Matsa – LGA transaction
Corporate Matsa – LGA transaction Transaction • JVA for mining of Devon Pit only (see inset map) signed 11 Nov 2022, upfront (prepayment) of $4M to Matsa as key terms of JVA • Existing studies suggest potential of $40M surplus cash flow from mining Devon pit providing Matsa up to $20M over 3 years •
Slide 7: Lake Carey Gold Project – 886koz
Resource Lake Carey Gold Project – 886koz Prime location and 100% owned Cutoff Measured Indicated Inferred Total Resource • 449km2 land holding located near AngloGold Ashanti’s 12Moz g/t Au ('000t) g/t Au ('000t) g/t Au ('000t) g/t Au ('000t) g/t Au ('000 oz) Sunrise Dam with excellent mining infras
Slide 8: Fortitude Gold Mine
Mining Fortitude Gold Mine Gold Resource of 489,000oz • 1km long open pit down to 190m depth • Granted Mining Lease with approved Mining Proposal (MP) in place allowing immediate start of mining • Completed scoping study outlines production of 132,000oz across 30 months generating >A$95M surplus (@
Slide 9: Devon Pit
Mining Devon Pit Devon Open Pit delivers A$40.75M • Cash surplus of A$40.75M* at A$2,250/oz sale price ($2,000 optimisation) • Expected 12-month mine life • Granted mining lease • Previous GME operated mine provides high level of confidence • Planned production of 36,737 oz Au (93% processing recove
Slide 10: Pathway to 1.5Moz
Exploration – low hanging fruit Pathway to 1.5Moz The pathway to increase Lake Carey global resource above 1.5Moz includes: • Fortitude North with planned resource definition drilling aimed at delineating a maiden resource • Clear exploration potential at Red October and 3 model updates pending [Bru
Slide 11: Fortitude North drill ready
Exploration – low hanging fruit Fortitude North drill ready 379,000-600,000oz exploration potential Area of planned • 66 line km ground magnetic survey completed in September 2021 drilling • NE (45o) and NNW (350o) structures interpreted (ongoing) • Apparent jogs in anomaly appear coincident with in
Slide 12: Red October low hanging fruit
Red October Low hanging fruit Red October oblique view looking (grid) NE 200,000 ounces Au @ 6.2g/t and more to be found! Open • Lionfish strike extensions (open in both directions) • Lionfish resource gap infill (zone B) Open • Intersection of Lionfish and western target (zone C) • Nemo (southern e
Slide 13: High resolution ground magnetics
Lake Carey High resolution ground magnetics Bullseye Progress and Interpretation magnetic anomaly • Ground magnetic survey completed Feb 2022 • Large bulls eye anomaly 800m x 600m defined just north of FF1 to be drill tested FF1 • 2 x strong to moderate magnetic trends extending northwest of Fortitu
Slide 14: Thailand building value
Strategy Thailand building value Investing in Thailand is Good Timing today Kingsgate PanAust ($413M MC) • Kingsgate Consolidated Limited (ASX:KCN - MC $413M*) announcing expected recommencement of operations at the world class Chatree mine (mill refurbishment currently underway) • Pan Asia Metals L
Slide 15: Lithium setting
Thailand Lithium setting Prospectivity for rare element and lithium type pegmatites • SPLAs centred on extensive western granite belt with known tin and (lithium-caesium-tantalum) LCT/rare element geochemical signature Kanchanaburi • Projects pegged from Phang Nga in the south to Kanchanaburi in the
Slide 16: Phang Nga Lepidolite
Thailand Phang Nga Lepidolite Key points • 29 initial SPLA (433km2) accepted by DPIM • Further 6 SPLA lodged in Oct ‘22 • New discovery of coarse grained lepidolite (Rose Panther) covering area approximately 4km x 1km (remains open in all directions) • Rose Panther extends into forestry/conservation
Slide 17: Lithium anomalism
Thailand Lithium anomalism Phang Nga province Lithium stream sediment and soil anomalies
Slide 18: Upcoming activities
Matsa Upcoming activities Gold • Update models for Costello, Nemo and Smurf at Red October • Plan and execute resource drilling at Fortitude North and Red October Lithium • Continue regional stream sediment sampling program • Progress SPLA 5, 6, 10 and 18 to grant • Plan and execute exploration dril
Slide 19: Contact us
Contact us Paul Poli Executive Chairman reception@matsa.com.au 19
Slide 20: Appendix & Resources
& MATSA APPENDIX RESOURCES
Slide 21: Resource growth track record
Lake Carey Gold Resource Resource growth track record Updated for 2021 drilling Updated for 2020 drilling Exploration Target* 666 – 1,333koz Au JORC 2012 update Updated for mining, GC & Updated for 2018 – 2020 exploration drilling 2021-2023
Slide 22: 40,500m of drilling to progress the pipeline
Lake Carey 40,500m of drilling to progress the pipeline Budget Required Prospect Target size ('000 t) Drilling stage Drilling type Aim /expected results of this drilling proposal $ ('000 incl assays) Confirm presence of HG shoots Fortitude North 3000 Advanced 425 Mix RC and DD Obtain structural data
Slide 23: Fortitude North new drilling
Lake Carey Fortitude North new drilling Budget Required Prospect Target size ('000 t) Drilling stage Drilling type Aim /expected results of this drilling proposal $ ('000 incl assays) Confirm presence of HG shoots Fortitude North 3000 Advanced 16m intercept of strongly altered / mineralised425 zone
Slide 24: Fortitude North
Lake Carey: Fortitude Hub 500m long magnetic anomaly Fortitude North – not drill tested 379,000-600,000oz exploration potential • 66 line km ground magnetic survey completed in September 2021 • NE (45o) and NNW (350o) structures interpreted (ongoing) • Apparent jogs in anomaly appear coincident with
Slide 25: Fortitude & Bindah trends
Lake Carey Fortitude & Bindah trends Extensive Underexplored Anomalous Gold Trends • Large and regionally significant anomalous structures • Fortitude trend - 60km of anomalous strike • Bindah trend - 34km of anomalous strike • Shear/fault structures associated with strong magnetic features • Northe
Slide 26: Bindah trend – BE1 to BE4
Lake Carey Bindah trend – BE1 to BE4 Prospectivity • NW extension of Bindah & Gallant (63koz) resource • BE1-2 - brittle-ductile systems associated with intrusives => potential Granny Smith type? • BE3-4 – classic goldfields mafic related mineralisation • Visible gold intersected in very first Matsa
Slide 27: Copper
Loei Fold Belt - Thailand Copper Sensational near surface grades • Copper anomalism at Siam discovered through stream sediment sampling defining ~20km2 anomaly • Surface chip sampling returned peak assays of copper grades up to 45% Cu and 123 g/t Ag and 54.7% Cu and 148g/t Ag • Native copper in alte
Slide 28: Siam / Chang
Loei Fold Belt - Thailand Siam / Chang Drill ready copper targets at Siam 1 & 2 and Chang 1 • Copper anomalism at Siam discovered through stream sediment sampling defining ~20km2 anomaly • Surface chip sampling returned peak assays of copper grades up to 45% Cu and 123 g/t Ag and 54.7% Cu and 148g/t
Slide 29: Thali – 5km strike anomalism
Loei Fold Belt - Thailand Thali – 5km strike anomalism Drill ready polymetallic anomalism at Thali • Newly acquired SPLAs with known gold-silver anomalism • Located in highly prospective Loei Fold Belt which hosts Kingsgate’s Chatree Gold Mine • Explored by Venture Minerals* between 2015 and 2017 •