Maritana Minerals Limited · ASX:MRT
Maritana Minerals — Horizon Minerals — Investor Presentation (February 2021)
26 slides from Maritana Minerals's investor presentation, Feb 1, 2021
Slide 1: Investor Presentation
Or personal INVESTOR PRESENTATION
Slide 2: Nature of Document and forward looking statements
For personal use only Nature of Document expressions. Forward looking statements, opinions and estimates included in this Presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based This Prese
Slide 3: Emerging mid-tier gold explorer and developer in WA goldfields
For personal use only Horizon Minerals is an emerging mid-tier gold explorer and developer with highly strategic projects in the heart of the West Australian goldfields 1 As announced to the ASX on 9 December 2020, see also tables and confirmations on slides 23 and 24 3
Slide 4: 1. Overview
HORIZON MINERALS 1. OVERVIEW
Slide 5: Share price, capital structure, shareholders and management
For personal use only Share Price History Capital Structure $0.18 35,000,000 Shares M 567.9 $0.16 30,000,000 Unlisted Options M 24.0 $0.14 25,000,000 Share price A$ $0.11 $0.12 $0.10 20,000,000 Market capitalisation M $65.3 $0.08 15,000,000 $0.06 10,000,000 Cash position + listed investments A$M $16
Slide 6: Large landholding and 1.1Moz gold resource
For personal use only • Large +890 sq km 100% owned land holding in heart of WA goldfields covering major regional structures • All tenure in close proximity to all necessary infrastructure and services • +1.1Moz Au Mineral Resource remains open along strike and at depth1 (74% M&I) • Five key deposi
Slide 7: Strategic objective: Boorara standalone processing solution
For personal use only EXPLORATION STRATEGIC OBJECTIVE: BOORARA1 Targeting initial 5yr mine life based on a standalone Initial 5yr mine plan Resource 16.45 mt @ 0.97 g/t Au for 507koz processing solution with Boorara providing base load to underpin long Mine Open pit / feed supplemented by high Addit
Slide 8: 2. Project Summary
/4oRIZON MINERALS 2. PROJECT SUMMARY
Slide 9: Boorara project: trial mining and toll milling
For personal use only • Located 10km east of Kalgoorlie and adjacent to the Super Pit gold operation • 507,000oz Au1 Mineral Resource Estimate across 1.8km strike provides the baseload feed and mill site • Excellent width and grade across all three deposits (Royal, Crown Jewel and Regal) with ore st
Slide 10: Boorara exploration upside and 2021 drilling
For personal use only • Boorara project area has multi-million ounce potential through resource extension and new discovery drilling for both further open cut and new underground mine development1 • Up to 13,000m of drilling planned in CY21 to test a range of resource growth and new discovery target
Slide 11: Rosehill project
For personal use only • Acquired as part of the asset swap completed with Northern Star in late 2019 • Located east of Coolgardie and 45km from Boorara • Mineral Resource of 93koz grading 3.65g/t Au comprising: 1 o 290kt grading 2.00g/t Au for 18koz (open cut) o 510kt grading 4.6g/t Au for 75koz ( u
Slide 12: Binduli project
For personal use only • Located west of Kalgoorlie and 20km from Boorara • Mineral Resource of 74koz grading 1.8g/t Au1 • Excellent metallurgy with test work recoveries over 95% with a high gravity component1 • Extensional RC and diamond drilling underway with results expected in the current March Q
Slide 13: Teal project
For personal use only • Located 20km north west of Boorara • Mineral Resource of 289,000oz grading 2.1g/t Au 1 • Up to four parallel mineralised structures open along strike and at depth • Successfully mined Teal Stage 1 and 2 open cut generating A$7m cash in 2017- 2018 2 • Mine performed in line wi
Slide 14: 3. 2021 Exploration and Resource Drilling
For personal use only 3. 2021 EXPLORATION AND RESOURCE DRILLING /4oRIZON MINERALS 14
Slide 15: Fully funded drilling program across portfolio
For personal use only • Fully funded aircore, RC and Diamond drilling commenced across entire asset portfolio – up to 4 rigs on site • Exploration program focussed on: 1. Testing new greenfields targets defined at Windanya, Lakewood, Yarmany, Binduli, Kanowna and Balagundi (29,000m) 2. Resource defi
Slide 16: Project timeline and milestones
For personal use only PHASE Q3 CY20 Q4 C Y20 Q1 CY21 Q2 CY21 Q3 CY21 Q4 CY21 Q1 CY22 Q2 CY22 Q3 CY22 BOORARA STAGE 1 - Mining Complete - Toll milling Final milling campaign underway Drilling program 70,000m drilling program (20,000m completed) Resource updates Rose Hill Boorara Binduli / Teal / Kalp
Slide 17: 4. Investment Highlights
4. INVESTMENT HIGHLIGHTS /4oRIZON MINERALS 17
Slide 18: Investment highlights
Strategic WA goldfields Exciting exploration potential Landholding 50,000m CY21 drill program to grow For personal use only Large tenement holding in the heart of resources and make new discoveries the Western Australian goldfields to deliver significant news flow surrounded by all required services
Slide 19: For personal use only
For personal use only 19
Slide 20: Non-core assets
For personal use only Nanadie Well (Cyprium Metals ASX:CYM) Richmond Vanadium Project • Recently divested for $1.5m in cash and shares • 25% JV interest • 45km2 in the Murchison region • Located in North Queensland • Focused on gold, copper, nickel, cobalt and PGE • 1.8Bt resource • PFS completed, D
Slide 21: Boorara Long Section
HIGH GRADE MAIN DOLERITE ZONE AND MULTIPLE HIGH-GRADE FLAT LYING VEIN ARRAYS T T 6591500mN = 370000mE 6591000mN BORC206 im @ 2.09 git Au BODHO25 163m @ 4,29 git Au (HORIZON Boorara Long Section Showing Block Model (Search window + 200m) BORC17: @1 New high grade mineralisation discovered below Crown
Slide 22: Board and management biographies
For personal use only Ashok Parekh, Non-Executive Chair Grant Haywood, Chief Operating Officer • Chartered accountant with over 40 years’ experience who owns a large Accounting • Mining Engineer with over 27 years’ experience in underground and open cut mining Practice in Kalgoorlie, which he has op
Slide 23: Summary of Gold Mineral Resources
For personal use only Horizon Minerals Limited – Summary of Gold Mineral Resources (at a 1g/t Au cut-off grade) Project Cut-off Measured Indicated Inferred Total Resource Grade Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Teal 1.0 1.01 1.96 63,681 0.80 2.50 64,458 1.81 2.20 128,000 Ja
Slide 24: Boorara gold and Nimbus resource tables
For personal use only Boorara Gold Resource (at a 0.5 g/t Au cut-off grade) Nimbus All Lodes (bottom cuts 12 g/t Ag, 0.5% Zn, 0.3 g/t Au) Category Tonnes Grade Ounces Category Tonnes Grade Grade Grade Ounces Ounces Tonnes Mt Au (g/t) (k'000) Ag Au Mt Ag (g/t) Au (g/t) Zn (%) (k'000) (Moz's) (k'000)
Slide 25: Forward looking and cautionary statements
For personal use only • As noted on Slide 2, some statements in this Presentation regarding estimates or future events are forward looking statements. They include indications of, and guidance on, future earnings, cash flow, costs and financial performance. Forward looking statements include, but ar
Slide 26: Contact details
For personal use only Jon Price Managing Director T: +61 (08) 9386 9534 E: admin@horizonminerals.com.au W: www.horizonminerals.com.au PO Box 1104 Nedlands WA 6909 163 Stirling Highway Nedlands WA 6009 26
Horizon Minerals — Investor Presentation (February 2021) on 6ix