Slide 1: Maiden 500koz Mineral Resource at Mandilla - Investor Webinar Presentation
ASX/ NEWS RELEASE 27 May 2021 MAIDEN 500koz MINERAL RESOURCE AT MANDILLA INVESTOR WEBINAR PRESENTATION Anglo Australian Resources NL (ASX: AAR) (the Company) is presenting an investor webinar on the maiden Mineral Resource Estimate for the Mandilla Gold Project commencing at 12.00pm (AWST) / 2.00pm
Slide 2: The Mandilla Gold Project May 2021 Maiden Mineral Resource Estimate
The Mandilla Gold Project May 2021 Maiden Mineral Resource Estimate 27th May 2021 (ASX : AAR) AAR| MAY 2021 MRE ESTIMATE
Slide 3: Disclaimer
Disclaimer The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation is not investment or financial product advice and is not
Slide 4: Corporate Overview
Corporate Overview AAR| MAY 2021 MRE ESTIMATE
Slide 5: Premier Mining Jurisdiction
Premier Mining Jurisdiction ● 14.2km2 land position at Mandilla, 70km south of Kalgoorlie ● Located near several gold processing plants, 8mtpa of installed gold processing plant capacity within 50km ● Adjacent to the sealed Goldfields Highway ● NO 3rd PARTY ROYALTIES1 1 ASX announcement 31 August 20
Slide 6: Mandilla Gold Project Maiden Mineral Resource Estimate
Mandilla Gold Project Maiden Mineral Resource Estimate Mineral Resource Estimate for the Mandilla Gold Project (Cut-Off Grade >0.39g/t Au) Classification Tonnes (Mt) Grade Ounces (koz) Indicated 7.2 1.0 237.8 Inferred 8.4 1.0 262.6 Total 15.6 1.0 500.4 The preceding statement of Mineral Resources co
Slide 7: MGP – Mineral Resource Estimate 15.6Mt @ 1.0g/t for 500.4koz
MGP – Mineral Resource Estimate 15.6Mt @ 1.0g/t for 500.4koz (unclassified mineralisation is shown transparent) AAR| MAY 2021 MRE ESTIMATE
Slide 8: MGP – Mineral Resource Estimate 15.6Mt @ 1.0g/t for 500.4koz
MGP – Mineral Resource Estimate 15.6Mt @ 1.0g/t for 500.4koz (shown within an optimised pit shell constrained at AUD$2,500 gold price) AAR| MAY 2021 MRE ESTIMATE
Slide 9: MGP – Mineral Resource Estimate 15.6Mt @ 1.0g/t for 500.4koz
MGP – Mineral Resource Estimate 15.6Mt @ 1.0g/t for 500.4koz (unclassified mineralisation shown below the optimised pit shell constrained at AUD$2,500 gold price) AAR| MAY 2021 MRE ESTIMATE
Slide 10: Maiden Mineral Resource Estimate (with room to grow)
Maiden Mineral Resource Estimate (with room to grow) Results announced on 20 May 2021 included: ● 9m at 4.21g/t Au from 85m; ● 38m at 1.06g/t Au from 78m plus 17m at 1.08g/t Au from 124m; ● 86m at 0.61g/t Au from 105m; and ● 11m at 1.75g/t Au from 41m. Latest results not included in 2021 Mineral Res
Slide 11: Mandilla Section 1
Mandilla Section 1 Mandilla East Main Zone ● Overall strip ratio of less than 7:1 ● Robust pit shell, relatively insensitive to gold price ● Unclassified mineralisation (shown as transparent) includes 5m at 4.23g/t Au from 264.7m AAR| MAY 2021 MRE ESTIMATE
Slide 12: Mandilla Section 2
Mandilla Section 2 Mandilla East Main Zone ● High-grade zones (coloured purple) linked to intense quartz veining and observable visible gold ● Top-cutting in the fresh rock applied at 21g/t Au ● Unclassified mineralisation (shown as transparent) AAR| MAY 2021 MRE ESTIMATE
Slide 13: Mandilla Section 3
Mandilla East Mandilla Section 3 ● 76.5m at 1.21g/t Au from 296m in MDRCD191, includes 1m at 42.1g/t from 321.1m, still in mineralisation towards bottom of hole, reporting 0.4m at 13.42g/t from 410.9m. ● Unclassified mineralisation (shown as transparent). ● Across the 3 sections shown there is a 310
Slide 14: Mandilla Section 4
Mandilla East Extension Mandilla Section 4 Best results on this section include: ● 9m at 4.21g/t Au from 85m; ● 38m at 1.06g/t Au from 78m plus 17m at 1.08g/t Au from 124m; ● 86m at 0.61g/t Au from 105m; and ● 11m at 1.75g/t Au from 41m. 120m south of this previous results include: ● 26m at 8.29g/t
Slide 15: Metallurgical Testing
Metallurgical Testing ● Three diamond drill holes (MDRC263,151 and 228) were selected for metallurgical testing, they represented the length of the known strike extent at the time. ● As reported in January and February 2021, 4 tests that were completed at 106µm grind size and returned 98.4%, 97.3%,
Slide 16: Technical Studies
Technical Studies Multiple study streams currently progressing: ● Initial flora survey complete, follow up P1 survey completed, final spring survey to be completed in Qtr 3 ● Initial fauna survey complete, follow up fauna surveys also now completed ● Scoping level geotechnical study underway, 5 geot
Slide 17: Key Takeaways
Key Takeaways “This is a great result for our shareholders, reflecting the success of our drilling programs over the past two years. In a relatively short space of time, we have been able to declare a very robust maiden Mineral Resource of just over half a million ounces right on the doorstep of Kal
Slide 18: May 2021 Mineral Resource Estimate for the Mandilla Gold Project
May 2021 Mineral Resource Estimate for the Mandilla Gold Project AAR| MAY 2021 MRE ESTIMATE