Maritana Minerals Limited · ASX:MRT
Maritana Minerals — Horizon Minerals — Diggers & Dealers 2023
22 slides from Maritana Minerals's conference presentation, Aug 7, 2023
Slide 1: Investor Presentation – Diggers & Dealers August 2023
For personal use only INVESTOR PRESENTATION Diggers & Dealers – August 2023
Slide 2: Important disclaimers
Important disclaimers Nature of Document They include indications of, and guidance on, future earnings, cash flow, costs and financial performance. Forward looking statements include, but are not limited to, statements preceded by words such as “planned”, For personal use only This Presentation is p
Slide 3: Corporate summary
Corporate summary Capital Structure 1 For personal use only 6% Board Shares M 696.9 Unlisted Options M 51.8 Top 20 (ex 54% 40% Board) Share price A$ 0.038 Other Market capitalisation A$M 26.5 Cash and listed investments A$M 14.0 Debt A$M 7.5 Enterprise value A$M 20.0 0.09 7,000,000 0.08 6,000,000 0.
Slide 4: Leadership team
Leadership team 175+ Years Combined Experience Operating in the WA Goldfields Ashok Parekh – Non-Executive Chairman Grant Haywood – Chief Executive Officer For personal use only • Chartered accountant with over 40 years’ experience who owns a large • Mining Engineer with over 30 years’ experience in
Slide 5: Asset overview
Asset overview Highly strategic projects in the heart of the WA Goldfields For personal use only • Mineral Resources of 1.26Moz gold • Total landholding of ~1,100km2 • Projects located around existing gold processing facilities and the mining centre of Kalgoorlie • Combination of advanced deposits w
Slide 6: Growth strategy
Growth strategy Generating cash under a contract/JV mining and milling model For personal use only Plan to develop a First mine at Cannon Utilise existing regional sequence of low followed by the Penny’s gold processing facilities tonnage, high-grade Find and Rose Hill under a contract/joint undergr
Slide 7: Cannon Gold Operation
Cannon Gold Operation For personal use only Fully approved All mining and development works approvals secured Fully funded US$5 million facility with Nebari Partners in place First gold in 2024 Subject to a final investment decision by Horizon’s Board 7
Slide 8: Cannon Gold Operation – Pre-Feasibility Study
Cannon Gold Operation Pre-Feasibility Study shows a high-returning first mining project For personal use only • Maiden Ore Reserve of 135kt grading 4.1g/t Au for 17,680oz Measure PFS Outcome Lateral Development 1,264m • Potential for further growth down plunge and along strike Vertical Development 1
Slide 9: Mining pipeline
Mining pipeline Potential mining projects to follow Cannon For personal use only Penny’s Find Rose Hil Cannon Area MRE: 43,000oz at 5.0g/t MRE: 74,900oz at 4.6g/t • Monument and Pinner targets located within • Previous open pit mined • Mine evaluation and 1km of Cannon 18,350oz infrastructure review
Slide 10: Resource extensions
Resource extensions Penny’s Find mining centre open to the north and at depth For personal use only • Drilling at Penny’s Find in the June quarter confirms the northern high grade plunge is open at depth • A two hole RC program is planned early in the September quarter to support conversion to an Or
Slide 11: Project generation – Boorara
Project generation Numerous high quality exploration and development opportunities centred on Boorara For personal use only • Potential open cut and underground options being investigated in the Boorara deeps where thick, high-grade mineralisation has been drilled (e.g., BODH027 57m @ 2.97g/t Au) at
Slide 12: Project generation – Binduli North
Project generation High quality exploration opportunities abound at Binduli North For personal use only • Resource base expansion at the Crake/Coote projects (currently 87,450oz Au) • Further drilling planned at Kestrel and Honeyeater prospects, where significant high grade mineralisation was discov
Slide 13: Portfolio rationalisation
Portfolio rationalisation Realising value by divesting non-core assets For personal use only • Clear focus on gold assets with production potential within the large tenement holding • Divesting to, or partnering with, capable groups where value can be realised • Objective of strengthening the balanc
Slide 14: Nimbus silver-zinc deposit
Nimbus silver-zinc deposit A high-grade VHMS system on the edge of Kalgoorlie For personal use only • Mineral Resource containing 20.2Moz silver and 104kt zinc • High-grade lode containing 6.4Moz silver (774g/t) and 33kt zinc (12.8%) • Potential to extend mineralisation along strike and at depth bel
Slide 15: Our sustainability journey
Our sustainability journey Pathway to growing a sustainable and profitable business For personal use only Objective Our journey Data driven ESG strategy To go beyond our obligations Sustainability is a journey and As our organisation grows and and to continuously look for Horizon understands that it
Slide 16: Our sustainability strategy
Our sustainability strategy Practical, data driven and fit for business scale For personal use only Established our Environmental, Social, Collected and verified our data against Governance (ESG) baseline early international metrics Aligned with global Sustainable Conducted gap analysis and identifi
Slide 17: Investment highlights
Investment highlights A WA Goldfields gold production and discovery growth story For personal use only Growth strategy reset to Utilise existing regional Attractive valuation with a sequence of low gold processing facilities a low enterprise value tonnage, high grade and under a contract/joint and t
Slide 18: Contact
For personal use only Contact Grant Haywood Chief Executive Officer +61 (08) 9386 9534 admin@horizonminerals.com.au www.horizonminerals.com.au PO Box 1104 Nedlands WA 6909 18
Slide 19: Mineral Resource Estimate – Gold deposits
Mineral Resource Estimate Gold deposits For personal use only Cutoff Measured Indicated Inferred Total Project Au g/t Mt Au g/t Oz Mt Au g/t Oz Mt Au g/t Oz Mt Au g/t Oz Boorara OP 0.5 1.28 1.23 50,630 7.19 1.27 294,140 2.6 1.3 103,470 11.03 1.26 448,240 Golden Ridge 1.0 0.47 1.83 27,920 0.1 1.7 2,8
Slide 20: Ore Reserve Estimate – Cannon gold deposit
Ore Reserve Estimate Cannon gold deposit For personal use only Category Tonnes Au (g/t) Ounces Proven Reserve – – – Probable Reserve 135,000 4.1 17,680 Total Reserve 135,000 4.1 17,680 Refer to ASX announcement 29 March 2022 for full disclaimers and JORC Table 1. 20
Slide 21: Mineral Resource Estimate – Nimbus silver-zinc project
Mineral Resource Estimate Nimbus silver-zinc project For personal use only Nimbus All Lodes (bottom cuts 12 g/t Ag, 0.5% Zn, 0.3g/t Au) Category Mt Ag (g/t) Au (g/t) Zn (%) Ag (Moz) Au (kt) Zn (kt) Measured Resource 3.62 102 0.09 1.2 11.9 10 45 Indicated Resource 3.18 48 0.21 1.0 4.9 21 30 Inferred
Slide 22: Mineral Resource disclosure – Competent Person Statements
Mineral Resource disclosure Competent Person Statements For personal use only The information in this presentation that relates to Mineral Resources is based on information compiled by Mr David O’Farrell, other than for Golden Ridge North and Monument. Mr O’Farrell is a Member of the Australasian In