Mrg Metals Limited · ASX:MRQ
Mrg Metals — Mines and Money Online Connect Conference 2021
27 slides from Mrg Metals's conference presentation, Jun 22, 2021
Slide 1: Mines and Money Online Connect Presentation
For personal use only ASX ANNOUNCEMENT 22 June 2021 MINES AND MONEY ONLINE CONNECT PRESENTATION MRG Metals Ltd (ASX:MRQ) (“MRG” or “Company”) wishes to advise that its Chairman, Andrew Van Der Zwan is presenting today at the Mines and Money Online Connect Conference. The presentation is attached and
Slide 2: Discovery to Development – MRG Metals, a Significant HMS Player
For personal use only DISCOVERY TO DEVELOPMENT MRG METALS – A SIGNIFICANT HMS PLAYER I N V E S TO R P R E S E N TAT I O N // JUNE 2021 // ASX: MRQ
Slide 3: Disclaimer
DISCLAIMER For personal use only The information contained in this presentation has been prepared by MRG Metals Ltd (MRG). This presentation is for information only and not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securi
Slide 4: What are Heavy Minerals Sands (HMS)?
W H AT A R E H E AV Y M I N E R A L S A N D S ( H M S ) ? For personal use only ▪ HMS deposits are found in shoreline environments – mostly exploited for titanium minerals and zircon ▪ The Valuable Heavy minerals fall into two categories: Titanium minerals (ilmenite, leucoxene and rutile) and Zircon
Slide 5: Heavy Minerals Sands and Uses
H E AV Y M I N E R A L S A N D S U S E S For personal use only ▪ Titanium is used as TiO2 pigment in paint, welding electrode fluxes, alloying agent with Al, Fe, Mo and Mn ▪ The alloys are used in aerospace and aircraft applications including engines, where strong, lightweight, temperature- resistan
Slide 6: Heavy Minerals Sands – Market Upside
H E AV Y M I N E R A L S A N D S – M A R K E T U P S I D E For personal use only MRG MOZAMBIQUE ASSETS ▪ Outlook is improving - market has bottomed RUTILE ZIRCON ILMENITE and is on the rise US$ US$ US$ 240+/T 1200+/T 1500+/T ▪ Titanium Oxide and Titanium metal demand increasing ▪ Titanomagnetite has
Slide 7: Who is MRG Metals?
W H O I S M R G M E TA L S ? MRG Metals is a junior ASX explorer, punching way above it’s weight! A world class JORC classified discovery in the bag - now working For personal use only towards a 100 year mine development ▪ 4 high calibre 100 % owned projects (746km2) and 1 further project under appl
Slide 8: Mine Start-up Opportunities – Leapfrog Modelling
M I N E S TA R T U P O P P O R T U N I T I E S - LEAPFROG MODELLING Very High-Grade For personal use only Grade THM (%) * Volume (Million M3) ** Target Koko Massava 5-6% 224 >6% 68 Nhacutse 5-6% 129 >6% 11 Poiombo 5-6% 27 >6% 9 * Based in part on Visual Estimation of grade (assays awaited) ** Derive
Slide 9: Schematic Cross Section – Koko Massava
S C H E M AT I C C R O S S S E C T I O N – K O K O M A S S AVA HIGH GRADE For personal use only Refer map Slide 8 Leapfrog modelling of assay and visually estimated grade from previous MRE plus recent infill drilling shows: ▪ A potential high grade zone of 292 million cubic metres at a cut-off grade
Slide 10: Value Proposition of Corridor Central and Corridor South Sands
V A L U E P R O P O S I T I O N O F C O R R I D O R C E N TA L AND CORRIDOR SOUTH SANDS TOTAL HEAVY MINERAL (THM) VHM ASSEMBLAGE For personal use only BREAKDOWN VHM CONCENTRATE MINERAL DESCRIPTION PRICE (%) (US$/t) Naturally occurring very high-grade titanium dioxide 1-2 Rutile +$1,200 feedstock, ty
Slide 11: Koko Massava Ilmenite Resource
KO KO M A S S AVA I L M E N I T E R E S O U R C E For personal use only 8.0% Tronox (Namakwa) 40.1% Ilmenite 7.0% Dinsheng (Corridor 1) 53.0% Ilmenite 6.0% Early Mine MRG (Corridor C&S) Life Potential 43.0% Ilmenite Heavy Mineral Percentage 45+% Ilmenite 5.0% Base (Kwale) 4.0% 51.0% Ilmenite Rio/Sav
Slide 12: Ongoing Work Programs
ONGOING WORK PROGRAMS CORRIDOR CENTRAL & SOUTH PROGRESS – NEXT STEPS For personal use only ▪ Assays pending from Infill drilling program Koko Massava ▪ Updated MRE targeting very high grade ▪ Assays pending from Infill drilling program Nhacutse ▪ Maiden MRE ▪ Assays pending from Infill drilling prog
Slide 13: Corridor Projects – Potential Infrastructure Boost
CORRIDOR PROJECTS POTENTIAL INFRASTRUCTURE BOOST Proposed Multibillion-dollar Chongoene Development For personal use only Corridor Project (CDC) – deep water seaport with proposed mineral processing zone (ASX Announcement 6 August 2020) ▪ Phase 1 of the CDC Development expected to commence in 2023 a
Slide 14: The Opportunity to Invest
THE OPPORTUNITY TO INVEST ▪ Over 2 Billion Tonnes of JORC resource + JORC Exploration Target at preliminary economic grades already confirmed For personal use only ▪ Scalable projects at High THM grades from surface with potential long mine life ▪ Near term opportunity of identifying multiple very h
Slide 15: Corporate Snapshot
C O R P O R AT E S N A P S H O T For personal use only FINANCIALS BOARD AND MANAGEMENT Andrew Van Der Zwan // Executive Chairman // BA Chemical Engineering (Honours) Share price @ 21/6/21 0.008c Andrew has over 30 years commercial and engineering experience. He is Non-Executive Director of Argo Expl
Slide 16: Contacts
For personal use only C O N TA C T S MRG Metals Andrew Van Der Zwan Chairman +61 (0) 400 982 987 andrew@mrgmetals.com.au Investor Relations Victoria Humphries NWR Communications +61 (0) 431 151 676 victoria@nwrcommunications.com.au w w w. m r g m e t a l s . c o m . a u
Slide 17: Appendices – World Class Neighbouring Deposits
APPENDICES For personal use only WORLD CLASS NEIGHBOURING DEPOSITS ▪ Rio Tinto is developing the Mutamba and Chilubane projects through a JV with Savannah Resources ▪ Current updates indicate expenditure exceeding $1 billion ▪ Anhui currently producing from Corridor Deposit 1 and truck to Maputo (ov
Slide 18: The Corridor Projects – Prioritised Exploration Targets
THE CORRIDOR PROJECTS For personal use only 13 PRIORITISED EXPLORATION TARGETS 17
Slide 19: Koko Massava
KO KO M A S S AVA (ASX Announcement 22 April 2020) For Geo team to add key points For personal use only Maiden JORC Mineral Resource delivered at Koko Massava 1,423 Mt @ 5.2% THM ▪ (Indicated + Inferred) at 4% cut-off grade, comprising: – Indicated Mineral Resource of 289 Mt @ 4.9% THM – Inferred Mi
Slide 20: Koko Massava JORC Resource
KO KO M A S S AVA J O R C R E S O U R C E For personal use only SUMMARY OF MINERAL RESOURCE(1) THM ASSEMBLAGE (2) IN-SITU MINERAL MATERIAL BD THM SLIMES OS ILMA ILM LTILM LTILMTM RUT LX ZIR TIMAG KYASIL CHRM MOTH NMOTH AREA THM RESOURCE (Mt) (gcm3) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%)
Slide 21: Koko Massava Grade-Tonnage
KO KO M A S S AVA G R A D E - TO N N A G E For personal use only ▪ Grade-tonnage curve showing material tonnes versus THM grade (and Slime) at various cut-off grades for the global mineral resource at Koko Massava Cut-off grade is shown in the top row of the table, with corresponding tonnage, averag
Slide 22: Focus on >100MT of High-Grade, High In-Ground Value
FOCUS ON >100MT OF HIGH-GRADE, HIGH IN-GROUND VA LU E ▪ Low cost and successful exploration technique delivered Koko Massava at a discovery cost of <$0.02 per ton of JORC For personal use only Resource ▪ MRG seeking the best +/- 100MT of Resource within economic radius of Koko Massava as a potential
Slide 23: Koko Massava – Current Program
KO KO M A S S AVA – C U R R E N T P R O G R A M Significant Recent Aircore Drilling Results* (THM Visually estimated – assays pending) For personal use only 69 metres @ 7.5% THM from surface incl. 9m @ 13.2% & 19.5m @ 10.4% 69 metres @ 6.7% THM from surface incl. 24m @ 11.1% 42 metres @ 6.6% THM fro
Slide 24: Nhacutse
NHACUTSE For Geo team to add key points ▪ Auger and Aircore drilling has defined a footprint of 18 km2 of high grade THM For personal use only mineralisation ▪ Infill Aircore drilling program has delivered consistently high grade visual Heavy Mineral Sands (HMS) results, delineating several very hig
Slide 25: Poiombo
POIOMBO ▪ A very high grade zone defined by aircore drilling, with a surface footprint approaching For personal use only 1 sq km. ▪ Recently, 6 infill holes confirmed very high visually estimated grades of >6% THM, from surface and open at depth Significant Results 21CSAC715 0 – 36.0m 36.0m @ VIS ES
Slide 26: Marao
MARAO Mandende Magonde For personal use only Target Target ▪ Surface footprint >9 ▪ Surface footprint >5 km2 of visually km2 of visually estimated (VIS EST) estimated (VIS EST) >3% Total Heavy >3% Total Heavy Mineral (THM) from 19 Mineral (THM) from auger holes to 13.5m. 9 auger holes to 13.5m ▪ Wit
Slide 27: MRG Metals – Mozambique HMS: Discovery to Development
M R G M E TA L S - M O Z A M B I Q U E H M S For personal use only Discovery To Development 26
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