Golden State Mining Ltd. · ASX:GSM
Golden State Mining — Investor Presentation (April 2022)
26 slides from Golden State Mining's investor presentation, Apr 8, 2022
Slide 1: Investor Presentation
Horizons For personal use only Investor Presentation goldenstatemining.com.au
Slide 2: Disclaimer
For personal use only ▪ Nature of Document: This presentation has been prepared and issued by Golden State Mining Limited (Company) to provide general information about the Company. The information in this document is in summary form and should not be relied upon as a complete and accurate represent
Slide 3: Overview, Capital Structure and Top Shareholders
Overview Top Shareholders For personal use only Golden State Mining Ltd (ASX:GSM) Holder % Listed in 2018, Golden State Mining is a lithium and gold exploration company focused on quality assets in Western Australia. Golden State Board & Management 4.3% holds a series of strategic land packages in v
Slide 4: Leading the charge in Western Australia
For personal use only Golden State Mining Limited is leading the charge in Western Australia, actively exploring a suite of prospective projects with a key focus on gold, lithium and battery metals ✓ Unique strategic footprint in proven minerals rich locations ✓ Strong lithium and gold exploration e
Slide 5: Strategic footprint in proven mineral rich locations
For personal use only proven mineral rich locations Golden State Mining’s mineral exploration landholding spans almost 5000km, in prime positions across WA Highlights include: ✓ Yule (Au-Li-Base Metals) in the Pilbara’s Mallina Basin ✓ Four Mile Well (Au-Ni) near Laverton in the Goldfields ✓ Payne’s
Slide 6: Lithium and gold exploration exposure
exploration exposure For personal use only Lithium - drilling imminent Gold - sampling ahead ▪ RC drilling set to commence shortly on Target ▪ There are several exciting gold targets at Yule, just 2 at Yule Project in the Pilbara 13km from De Grey Mining’s (ASX:DEG) Hemi gold discovery, including Ta
Slide 7: CY22 exploration timeline
CY22 For personal use only APRIL 2022 MAY 2022 Soil Aircore sampling drilling Four Mile Well gold project (Laverton, WA) Yule Target 2 lithium & gold (Pilbara, WA) MAY 2022 JUNE 2022 SEPT 2022 Lithium RC Yule Heritage Yule Li & Au RC Drilling Drilling Survey Payne’s Find lithium & base metals (Murch
Slide 8: Yule project overview
Yule North Lithium drilling upcoming For personal use only Gold Yule East Gold Balla Yule (EIS funding application) Nickel, Cobalt & Copper Target 1 Target 2 Gold Lithium ~45,000m of AC & ~3,500m of RC Target 2 23 target areas tested Gold +$3M spent on exploration so far Target 2 priority – Lithium
Slide 9: Yule Target 2 lithium potential
Yule Target 2 For personal use only Four key areas within Yule Target 2 show signs of lithium potential – will be drill tested ▪ Target L1: Interpreted geological features analogous to lithium pegmatite settings at Wodgina and Mt Cassiterite deposits - also in Pilbara region ▪ Target L2: Strong Li-C
Slide 10: Yule Target 2 gold potential
Yule Target 2 For personal use only Yule Target 2 has multi-commodity potential, with strong indicators for gold mineralisation in addition to its lithium pathfinders ▪ Large bedrock arsenic anomaly footprint detected, indicating gold potential ▪ Significant first pass gold intercepts in AC drilling
Slide 11: Four Mile Well Au-Ni project
For personal use only Au-Ni project 260km2 located near Laverton in WA’s prolific Goldfields, soil work OPEN has commenced at this exciting gold-nickel project ▪ Review of historic geochemical data completed ▪ Coherent ~4km x ~4km and untested arsenic-bismuth +/- gold anomaly identified ▪ Anomaly ap
Slide 12: Payne's Find new lithium and base metals project
For personal use only New Lithium & Base Metals project ~1200km2 in region where lithium pegmatites are known to exist, such as those at Mount Edon and Goodingnow ▪ Favourable geological setting for potential lithium mineralisation i.e. multiple granitic intrusive episodes (“late-stage”) intruding i
Slide 13: Leadership team with proven track record of success
has proven track record of success For personal use only Mike Moore Geoff Willetts Managing Director Exploration Manager B Eng (Hons) Mining Eng. BSc (Hons) App Geol MSc. ACSM MAusIMM MAICD Mining Geol MAIG ▪ 20+ years of industry leadership experience including ▪ 20+ years experience in various com
Slide 14: Exploration priorities and significant exploration in 2022
Exploration Priorities For personal use only ▪ Strategic exposure in proven minerals rich locations across WA ▪ Strong lithium and gold exploration pipeline – money in the ground ▪ Leadership team with proven exploration track record ▪ Material valuation upside to exploration success ▪ Four Mile Wel
Slide 15: Appendix
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Slide 16: New project applications
For personal use only applications
Slide 17: Ni +/- PGE & Cu project
Ni +/- For personal use only PGE & Cu project Buried magnetic and gravity anomalies and structures have previously been identified (Teck Australia) but never drill tested ▪ Interpreted layered mafic-ultramafic intrusive with associated multiple high magnetic responses ▪ Located in the Albany-Fraser
Slide 18: Au project
For personal use only Au project Gold potential with negligible exploration previously completed ▪ The interpreted structural setting is a thrust nose fold between pair of east- dipping thrusts ▪ Targeting dilational gold mineralisation traps occupying secondary structures within the fold nose, tapp
Slide 19: Ni +/- PGE & Cu project (Yamarna)
Ni +/- PGE For personal use only & Cu project Data compilation is currently underway to assess the merits of previous exploration on the Yamarna project tenure ▪ Mt Alexander nickel-copper project analogy, on the same crustal suture as Mt Alexander nickel sulphide discoveries ▪ Suture is distinctive
Slide 20: Ag-Pb-Zn project
For personal use only Ag-Pb-Zn project Tenement applications at Ashburton are considered prospective for volcanogenic massive sulphide (VMS) ore deposits. ▪ Potential VMS style mineralisation (Pb/Ag/Au) ▪ Targeting potential sediments hosts proximal to NW-SE basin bounding faults ▪ Known Pb/Ag miner
Slide 21: Yule project targets
For personal use only project targets
Slide 22: Target 1 - Au
For personal use only Target 1 - Au Gold intervals and persistent sulphide mineralised zones have been hit during AC drilling at Target 1 ▪ Mineralised diorite intrusive rocks confirmed at Target 1 East and West ▪ Persistent zones of sulphide mineralisation encountered at Target 1 East ▪ Numerous lo
Slide 23: Yule North Area 1 - Au
For personal use only Area 1 - Au A new target area, gold was identified at Yule North Area 1 during recent AC drilling ▪ New target area at Yule North ▪ 4 metre low grade gold composite interval hosted in altered granitic intrusive ▪ Broad scope for follow up drilling as open in all directions ▪ Dr
Slide 24: Yule East Target - Au
For personal use only Target - Au The Yule East target hosts a series of interesting geological features ▪ Interpreted “pressure shadow” of a rigid granitic intrusion ▪ Proximal major feeder structure – ‘Yule River Shear zone’ ▪ Interpreted secondary dilational structures ▪ Anomalous gold and gold p
Slide 25: Balla Yule Ni-Co-Cu
For personal use only A B Ni-Co-Cu Anomalous nickel-copper and lithium intersections have never been followed up at the Balla Yule target ▪ Interpreted layered mafic-ultramafic B intrusive target ▪ Anomalous Ni-Co and Li intersections A never followed up ▪ Petrographic study identified nickel & copp
Slide 26: Thank you
For personal use only you Join us in leading the charge to explore WA’s geological frontiers. Phone +61 (08) 6323 2384 or visit goldenstatemining.com.au
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