Megado Minerals Ltd. · ASX:MEG
Megado Minerals — Investor Presentation (November 2020)
21 slides from Megado Minerals's investor presentation, Nov 3, 2020
Slide 1: Megado Gold Limited Corporate Presentation
AN EXPLORATION COMPANY WITH HIGHLY PROSPECTIVE GOLD ASSETS IN ETHIOPIA. MEGADO GOLD LIMITED CORPORATE PRESENTATION | November 2020 | ASX:MEG
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Megado Gold Limited (“Megado” or the “Company”). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presenta
Slide 3: Contents
CONTENTS INVESTMENT HIGHLIGHTS 4 - Corporate Overview 5 - Why Ethiopia and Why Megado 6 THE PROJECTS - Arabian-Nubian Shield Landscape 7 - Ethiopia Regional Geology 8 - Babicho Gold Project 9 - Chakata Gold Project 11 - Mormora, Dawa, Dermi Dama Gold Projects 13 - Chochi Gold Project 14 ETHIOPIA - E
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS • Megado (ASX:MEG) was established in 2019 to create a portfolio of Ethiopian gold exploration projects. • Megado has a premium land position with five granted exploration projects covering 511km2 and one licence application covering 227km2 in areas with the potential to host g
Slide 5: Corporate Overview
CORPORATE OVERVIEW CAPITAL STRUCTURE BOARD AND KEY MANAGEMENT Shares on Issue Cash • Michael has significant business experience in Africa where he has worked for over 18 71.5 million ~$6 million MICHAEL GUMBLEY years, including international finance experience as Chief Financial Officer and Managin
Slide 6: Why Megado & Why Ethiopia
WHY MEGADO & WHY ETHIOPIA HIGHLY PROSPECTIVE GEOLOGY IN A STABLE JURISDICTION: • Ethiopia is geologically highly prospective for deposits of significant scale and contains a world-class greenstone geological terrane. • Geological setting is analogous to West Africa and Western Australian goldfields.
Slide 7: Arabian-Nubian Shield
ARABIAN-NUBIAN SHIELD • The Arabian-Nubian Shield (ANS) is a large region of Precambrian basement rocks covering north-eastern continental Africa and Saudi Arabia. • Countries containing the ANS include Saudi Arabia, Egypt, Sudan, Eritrea and Ethiopia. • The ANS contains the world's largest Neo-Prot
Slide 8: Ethiopian Regional Geography
ETHIOPIAN REGIONAL GEOGRAPHY • Ethiopia is prospective for gold deposits of significant scale given the geological setting, with six deposits > 1Moz delineated to date. • The Adola Gold Belt, a granite-greenstone terrane, is part of the ANS and covers +5,000km2 in Southern Ethiopia. • The Adola Gold
Slide 9: Babicho Gold Project
BABICHO GOLD PROJECT • Babicho is a 132km2 exploration licence covering the same prospective north-south trending greenstone belt that hosts the Lega Dembi and Sakaro mines (50km to the south). • Megado field work has defined strong evidence of artisanal workings and significant occurrences of alluv
Slide 10: Babicho Gold Project
BABICHO GOLD PROJECT 1m @ 35.3g/t Au 1m @ 24.8g/t Au and and 7m @ 0.94g/t Au 10m @ 3.5g/t Au 22m @ 0.87g/t Au • Megado has compiled and reviewed historic datasets to help target the most prospective areas for rapid follow-up work programs – value-adding, cost-effective exploration. • Highlights of t
Slide 11: Chakata Gold Project
CHAKATA GOLD PROJECT • The Chakata Project comprises a 62km2 exploration licence. Lega Dembi • Located just 5km south along strike from the Lega Dembi and Sakaro mines, covering the same north- Sakaro south trending thrust fault that hosts these significant deposits. • Historical works (trenching/ac
Slide 12: Chakata Gold Project
CHAKATA GOLD PROJECT Sakaro Mine • Previous owners conducted sporadic work from 1980’s to early 2000’s. The last owner of the tenure was MIDROC, which at the time was operating the Lega Dembi mine and drilling out Sakaro deposit. • Geophysics identifies the same major structure that is host to Lega
Slide 13: Mormora, Dawa and Dermi Dama Gold Projects
MORMORA, DAWA AND DERMI DAMA GOLD PROJECTS • Remote sensing program conducted by Megado identified significant spectral anomalies throughout the Adola Belt, indicative of mineral alteration commonly associated with orogenic gold mineralisation found in the Arabian- Nubian Shield. • The Company appli
Slide 14: Chochi Gold Project
CHOCHI GOLD PROJECT • Chochi is a 137km2 project located within the western greenstone belt of Ethiopia, which is home to Ethiopia’s most advanced gold project – 1.7Moz Tulu Kapi (KEFI Minerals, AIM-listed). • The western greenstone belt is also the same geological setting as Dish Mountain – the >1.
Slide 15: Ethiopian Mining Industry
ETHIOPIAN MINING INDUSTRY • Supportive mineral legislation with foreign private investment invited to participate in various mineral operations. • 5% government free carry. • 5% royalties. • International arbitration. • 25% corporate tax rate & permits 10-year loss carry forward. • Exploration cost
Slide 16: Megado Ethiopian Experience
MEGADO ETHIOPIAN EXPERIENCE Megado management have considerable operational experience in Ethiopia. • CEO, Michael Gumbley – Managed the deployment of +US$15m per annum in direct investments into charity: water infrastructure projects in Ethiopia. Michael has spent significant time in Ethiopia over
Slide 17: Ethiopia Overview
ETHIOPIA OVERVIEW • Ethiopia is a landlocked country in north-east Africa. It is bordered by Eritrea, Kenya, Somalia, Sudan and South Sudan. • Fastest growing economy in Africa - averaged 8% GDP growth over past ten years. • Population of ~100 million. • Population is 63% Christian, 34% Islam, 3% ot
Slide 18: Mining in the Horn of Africa
MINING IN THE HORN OF AFRICA M&A TRANSACTIONS Lega Dembi Mine, Ethiopia Tulu Kapi Project, Ethiopia Tigray Gold Project, Ethiopia Shire Gold Project, Ethiopia Hassai Mine, Sudan PRIVATE KEFI.LSE NEM.NYS PEAK.TSXV Sold to government for US$100m, 2015 Koka Mine, Eritrea Sold for US$100m, 2012 Sukari G
Slide 19: Directors
DIRECTORS MICHAEL GUMBLEY • Michael holds qualifications in Commerce (Sydney), Bachelor of Science in Foreign Service from Georgetown University, Washington, DC, USA and has a Managing Director and Masters of Political Science from the Sorbonne University, Paris. Michael has over 18 years of interna
Slide 20: Summary
SUMMARY • Megado was established in March 2019 to create a portfolio of Ethiopian gold projects and listed on the ASX in October 2020. • The Company has a suite of gold-focused exploration assets in Ethiopia, situated on highly prospective world-class greenstone geological terrane within the Arabian
Slide 21: Contact Information
CONTACT INFORMATION Michael Gumbley Managing Director and CEO mgumbley@megadogold.com +1 646 701 3034 Dr Chris Bowden Executive Director cbowden@megadogold.com +61 439 109903 Mark Flynn Investor Relations mflynn@megadogold.com +61 416 068733 MEGADO GOLD LIMITED CORPORATE PRESENTATION | November 2020
Megado Minerals — Investor Presentation (November 2020) on 6ix