Musgrave Minerals — Technical Presentation (April 2023)

4 slides from Musgrave Minerals's technical presentation, Apr 17, 2023

Slide 1: Cue Gold Project Stage 1 Prefeasibility – Highlights
Cue Gold Project Stage 1 Prefeasibility – Highlights • Stage 1 PFS completed 17 April 2023 • Demonstrates a high margin, standalone production opportunity Pre-tax Net Cash Base Case NPV83 Payback EBITDA Flow2 A$2,600/oz Gold $235M 9 Months $528M $314M Production1 IRR Pre-tax 337 koz 95% LOM Initial
Slide 2: Cue Gold Project Stage 1 Prefeasibility – Base Case Highlights
Cue Gold Project Stage 1 Prefeasibility – Base Case Highlights • Stage 1 PFS completed 17 April 2023 • Demonstrates a high margin, standalone production opportunity Gold Pre-tax Production1 NPV83 Payback Net Cash EBITDA 337 koz $235M 9 Months Flow2 $528M LOM Post-tax IRR $314M Pre-tax Initial NPV83
Slide 3: Cue Gold Project Stage 1 Prefeasibility – Opportunities
Cue Gold Project Stage 1 Prefeasibility – Opportunities Resource growth and opportunity to add to Mine Life • Continued drilling and interpretation of the deposit geology unlocking knowledge (High-grade trends & resource conversion) • New prospects and discoveries being converted into resources (Ama
Slide 4: Stage 2 PFS Growth, Regional Targets & Upside Potential
Stage 2 PFS Growth, Regional Targets & Upside Potential Amarillo Target – no resource yet High-Grade Zones within • 11m @ 8.4g/t Au from 66m (21MUAC103) existing deposits e.g. Big Sky • 7m @ 23.7g/t Au from 102m (22MORC060) Waratah Trend – no resource yet Gold nuggets and gold in quartz from RC samp