Medallion Metal Ltd · ASX:MM8
Medallion Metal — Medallion Metals — IPO Roadshow (November 2020)
23 slides from Medallion Metal's IPO roadshow presentation, November 2020
Slide 1: Building a Long Life, High Margin Gold Business in Western Australia
INITIAL PUBLIC OFFERING BUILDING A LONG LIFE, HIGH MARGIN GOLD BUSINESS IN WESTERN AUSTRALIA Investor Presentation November 2020 1
Slide 2: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Medallion Metals Ltd (ABN 89 609 225 023) (Company or Medallion Metals or Medallion or Group). This presentation contains summary information about the Company, its subsidiaries and the entities, businesses and assets they own an
Slide 3: The Offer
The Offer For an initial public offer of 37,500,000 new Shares at an issue price of Key Statistics of the Offer $0.40 per Share to raise $15 million (before costs) (Offer), with the ability to Min. Subscription Max. Subscription accept up to $5 million in oversubscriptions to raise up to a total of
Slide 4: Use of Funds
Use of Funds The Company intends to apply funds raised from the Offer following admission to the Official List of the ASX over the next 2 years as follows: Min. Subscription $15m Max. Subscription $20m Use of Funds $m % $m % RGP resource definition & extensional drilling, pre-development and FS upda
Slide 5: Investment Highlights
Investment Highlights PROJECT DE-RISKING A LEVERAGED NEAR TERM CATALYST FOR INVESTMENT TO DISCOVERY DEVELOPMENT • FS confirms attractive Project • ¾ Moz Au historic production and • Drill campaign extending through economics (AISC A$1,203/oz) JORC resource within granted MLs and 2021 & 2022 • Approv
Slide 6: Experienced Board
Experienced Board PAU L B E N N E T T Managing Director Mr Bennett is a Mining Engineer with an MBA who has extensive experience in the operation, development and financing of resource companies and projects over a 25 year period. He has worked in technical, management and business development roles
Slide 7: Overview
Overview • Medallion Metals Ltd (Medallion) acquired the Projects in August 2016 • Comprised of Ravensthorpe Gold Project (RGP, Archean Au-Ag-Cu) and the Jerdacuttup Project (JP, Proterozoic SEDEX) • Focused on near term development of RGP, FS complete, 0.68Moz Au in JORC resource (80% Indicated) wi
Slide 8: History
History Discovery and Production of the Project from late 1800s to 1980s Early 1900’s MINING Mining at Kundip occurred between 1900 to mid- 1920s, with brief revivals in the 1930s & 1980s. HISTORICAL PRODUCTION 127,000t of ore grading 18.2 g/t gold and containing 74,000 ounces of gold The Ravensthor
Slide 9: Ravensthorpe Gold Project
Ravensthorpe Gold Project Feasibility Study (May 2020) • Open pit mining at Kaolin, Harbour View and Flag deposits • 2019 FS Resource: 8.4Mt @ 2.3 g/t Au, 620,000 oz • Underground mining at Harbour View and Flag • LOMP Schedule: 4.4Mt @ 2.4 g/t Au, 337,000 oz • Processing 800,000tpa to Carbon In Pul
Slide 10: Production and Financial Statistics
Production and Financial Statistics Feasibility Study – Life of Mine Plan (LOMP) Production Statistics Unit LOMP Cash Flow Unit Base Spot Processed Tonnes kt 4,361 Gross Sales AUDm 693 850 Avg Gold Grade g/t 2.40 Refining, Transport, Penalties & Royalties AUDm (18) (22) Avg. Silver Grade g/t 2.13 On
Slide 11: Growth – Mine Extensional
Growth – Mine Extensional • FS gold production peaks in years 3 & 4 (76koz & 80koz) prior to LG stockpiles being treated • Known deposits are open at depth and along strike, recent resource update added 53koz Au to overall inventory following 3,100m of new drilling, all at depth at Harbour View and
Slide 12: Growth – Near Mine
Growth – Near Mine • Historical resources reported at Gem Restored and Gift South, immediate priorities beyond known JORC 2012 resources • Untested historical workings a strong indicator north of Flag E, along May trend, Lonestar and northern extension and intersection of Gift and Gem trends • Shall
Slide 13: Growth – Regional
Growth – Regional • Medallion holds ~ 40km of prospective stratigraphy (Annabelle Volcanics bounding Ravensthorpe Tonalite) that is known to host RGP style mineralisation (+/- Cu, Ag) • Historical production from the Phillips River Mineral Field of ~ 115koz inclusive of historic production from Kund
Slide 14: Jerdacuttup Project
Jerdacuttup Project Pb, Zn, Cu, Ag, Au (SedEx) (VHMS) • 400km2 land package covering the Proterozoic Mt Barren sediments prospective for SedEx deposits & Archean Hatfield formation prospective for VHMS • Host to foundation asset Trilogy: • JORC 2012 Mineral Resource of 5.6Mt for 134kt Pb, 77kt Zn, 6
Slide 15: Summary
Summary Build a long life, low cost gold business in Ravensthorpe STATUS DFS complete, robust base case, enhanced returns at spot prices and multiple organic growth options Approvals significantly advanced which in conjunction with DFS provides clear view on time and cost to develop Certainty around
Slide 16: Appendices
LIM PED MEDALLION fe ppendices
Slide 17: Appendix 1: Kundip, Resources & Reserves
Appendix 1: Kundip, Resources & Reserves Mineral Resource Estimate for the Kundip Deposits, Ravensthorpe Gold Project Kundip - June 2020 Indicated Inferred Total kt Au g/t Cu % Au koz Cu kt kt Au g/t Cu % Au koz Cu kt kt Au g/t Cu % Au koz Cu kt In pit Kaolin 5,309 1.6 0.1 266 5.4 969 1.7 0.1 53 0.5
Slide 18: Appendix 2: Trilogy Mineral Resource Estimate
Appendix 2: Trilogy Mineral Resource Estimate Trilogy - March 2018 Au Ag Cu Pb Zn Au Ag Cu Pb Zn kt g/t g/t % % % koz koz kt kt kt Ox Ind 129 2.4 85.3 0.5 - - 10 354 0.6 - - OC (Cu_Eq Inf 336 1.9 71.7 0.1 - - 21 774 0.3 - - > 0.5%) Tr/Fr Ind 4,476 0.8 52.5 1.4 2.8 1.6 121 7,556 62.0 126.0 72.1 Inf 6
Slide 19: Appendix 3: Competent Person Statements
Appendix 3: Competent Person Statements EXPLORATION RESULTS The information in this report that relates to Exploration Results is based on information compiled or reviewed by Mr David Groombridge who is a full-time employee of the Company. Mr Groombridge is a current Member of the Australian Institu
Slide 20: Appendix 4: Flag drilling results (2018)
Appendix 4: Flag drilling results (2018) * 2019 MRE outlines (Orange = Indicated, Yellow = Inferred) RC18KP897 RC18KP896 DD18KP905 DD18KP904 From 98.0m, 2.0m @ 7.27g/t Au, From 104.0m, 1.0m @ 1.81g/t Au, From 106.56m, 2.15m @ 3.72g/t Au, From 178.32.0m, 0.73m @ 1.22g/t Au, 1.34% Cu, 8.46g/t Ag 0.35%
Slide 21: Appendix 5: Harbour View drilling results (2018)
Appendix 5: Harbour View drilling results (2018) * 2019 MRE outlines (Orange = Indicated, Yellow = Inferred) RC18KP875 DD18KP882 RC18KP877 DD18KP885 DD18KP886 From 124m, 2.0m @ 19.74g/t From 245.0m, 3.73m @ 0.92g/t From 18.0m, 1.0m @ 0.18/t Au, From 133.75m, 3.25m @ 9.48g/t From 185.0m, 0.80m @ 2.20
Slide 22: Appendix 6: Process Flow Sheet
Appendix 6: Process Flow Sheet • Single stage crushing to P80 of 50-100mm (ore type dependant) • Single stage SAG mill grinding to P80 of 90-106µm (ore type dependant) • Cyanidation & carbon adsorption using a leach & CIP circuit • Elution, electrowinning & gold recovery • ReCYN to recover cyanide a
Slide 23: Questions & further information
Questions & further information C O N TA C T Paul Bennett, Managing Director Evy Litopoulos, Investor Relations evy@resolveir.com MAIN OFFICE Suite 1/11 Ventnor Avenue, West Perth WA 6005 PHONE (08) 96424 8700 EMAIL pbennett@medallionmetals.com.au www.medallionmetals.com.au FOLLOW US @MM8_Medallion