Nagambie Resources Limited · ASX:NAG
Nagambie Resources — Shareholder Meeting (November 2019)
35 slides from Nagambie Resources's shareholder meeting presentation, Nov 29, 2019
Slide 1: Annual General Meeting CEO Presentation
Annual General Meeting CEO Presentation 29 November 2019
Slide 2: Disclaimer & Competent Person's Statement
Disclaimer & Competent Person’s Statement FORWARD-LOOKING STATEMENTS This report contains “forward-looking statements” within the meaning of securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”,
Slide 3: Strategy overview
Strategy overview Shareholder Value Non – Gold Assets Develop and realise value Gold exploration Grow and maximise value through cost effective exploration and development Produce Nagambie Mine site Gold Develop as a regional centre for gold production 29 November 2019 Annual General Meeting - CEO p
Slide 4: Gold Model
Gold Model Gold model for discovery of Fosterville-style high-grade Guides.… underground sulphide-gold deposits in the Waranga Province Gold model Exploration • Waranga Geological Model • Waranga Mineralisation Model Results refine… 29 November 2019 Annual General Meeting - CEO presentation 4
Slide 5: First two areas: Nagambie Mine West and Wandean
• The first two areas to be considered are Nagambie Mine West (NMW) and Wandean • Gold targeting was advanced significantly during the year: • Diamond drilling • Induced Polarisation (IP) surveys • Radial – DTH IP survey • Soil sampling 29 November 2019 Annual General Meeting - CEO presentation 5
Slide 6: Waranga Geological Model
Waranga Geological Model • Crustal Faults (circa 40 km deep) – Striking North West • Hot hydrothermal gold-rich sulphidic fluids rose under pressure up deep crustal faults circa 377 million years ago. • Near-Surface Thrust Faults (circa 6 km deep) – Striking East West • The surface thrusts (faults)
Slide 7: 29 November 2019 Annual General Meeting - CEO presentation
29 November 2019 Annual General Meeting - CEO presentation 7
Slide 8: Waranga Mineralisation Model
Waranga Mineralisation Model • When the temperature and pressure conditions at formation fell to conducive levels, precipitation of quartz, various carbonates (principally calcium carbonate, calcite), pyrite (iron sulphide), arsenopyrite (arsenic-iron sulphide), stibnite (antimony sulphide) and gold
Slide 9: Waranga Mineralisation model
Waranga Mineralisation model 29 November 2019 Annual General Meeting - CEO presentation 9
Slide 10: Gold Model
Gold Model 29 November 2019 Annual General Meeting - CEO presentation 10
Slide 11: Nagambie Mine
Nagambie Mine NAD002 and NAD003 • Drilling intersected ‘centre’ of IP chargeability high • Here, highest pyrite and quartz concentrations were intersected IP anomaly accurately delineated the quartz-sulphide-gold hydrothermal mineralisation under the East Pit to 400m depth below surface 29 November
Slide 12: Nagambie Mine West
Nagambie Mine West NND001 Quartz and pyrite appear to be associated with thrusts and roughly delineated by IP chargeability high. 29 November 2019 Annual General Meeting - CEO presentation 12
Slide 13: Nagambie Mine West
Nagambie Mine West • NND002 29 November 2019 Annual General Meeting - CEO presentation 13
Slide 14: Radial (DTH) IP in NND002
Radial (DTH) IP in NND002 • Trialled Radial DTH IP as a tool to indicate anomalous sulphide zones at depths greater than 400m below surface, as a way of guiding future drilling in each area • 12 radial survey lines up to 1 km in length and probe at 400m depth • A chargeability high was indicated sou
Slide 15: Radial-DTH IP in NND002
Radial-DTH) IP in NND002 29 November 2019 Annual General Meeting - CEO presentation 15
Slide 16: Gold-in-soil sampling
Gold-in-soil sampling • Total gold, arsenic and antimony assays • Anomaly south west of the West Pit is supported by Radial- DTH IP 29 November 2019 Annual General Meeting - CEO presentation 16
Slide 17: Lithogeochemical Analysis
Lithogeochemical Analysis • Hydrothermal alteration of sediments • Undertaken by Dr Denis Arne a preeminent consulting geochemist in Victoria • All the Nagambie Mine and Nagambie Mine West holes and WTD001 at Wandean exhibited significant Fosterville-style hydrothermal alteration of the sediments. T
Slide 18: Nagambie Mine West
Nagambie Mine West • IP survey anomalies appear to delineate pyrite and quartz mineralisation with increasing concentrations towards WCF • Evidence of Fosterville –style hydrothermal alternation in NND001 and NND002 may indicate alteration is increasing toward WCF • Radial-DTH IP and soil sampling a
Slide 19: Nagambie Mine West
Nagambie Mine West Planned exploration • IP survey over the WCF and intersections with Nagambie Mine and Zanelli Thrusts 29 November 2019 Annual General Meeting - CEO presentation 19
Slide 20: Wandean
Wandean • Drill hole WTD001 and WTD002 • IP survey (6 lines over previously discovered oxide- gold) • Designed to test for potential sulphide-gold zones in the unoxidized sedimentary rocks beneath both the 2014 oxide gold discovery and a northern gold-in-soil anomaly 29 November 2019 Annual General
Slide 21: Wandean IP survey
Wandean IP survey 29 November 2019 Annual General Meeting - CEO presentation 21
Slide 22: Wandean drill holes
Wandean drill holes 29 November 2019 Annual General Meeting - CEO presentation 22
Slide 23: WTD002
WTD002 • Significant fault zones were noted during drilling but only minor disseminated sulphides were intersected, not enough to explain the strong Induced Polarisation (IP) chargeability anomaly. • The drilled hole traversed around 15 metres below this chargeability high and geological reconstruct
Slide 24: 29 November 2019 Annual General Meeting - CEO presentation
29 November 2019 Annual General Meeting - CEO presentation 24
Slide 25: Future exploration
Future exploration 29 November 2019 Annual General Meeting - CEO presentation 25
Slide 26: PASS Project
PASS Project Nagambie Resources has an EPA-approved Environment Management Plan to store PASS in the legacy water-filled pits at the Nagambie Mine as part of the proposed rehabilitation of those pits. PASS capacity of the pits is around 5.0 million tonnes. 29 November 2019 Annual General Meeting - C
Slide 27: PASS Project
PASS Project • Release of the North East Link Project EES • 6.6 Mt of WASS • Required to manage excavated spoil in accordance with the waste hierarchy and relevant best practice principles • EPA confirmed WASS disposal to landfill will attract the $65.90 per tonne landfill levy, meaning landfill dis
Slide 28: PASS Project
PASS Project Quantity of WASS that will be generated in the next 8 years Waste Acid Sulfate Soil and Rock (WASS) m³ ex-situ = m³ in-situ x 1.3 bulking factor Soil and Rock splits for West Gate, Metro Rail and North East Link based on EES Data Soil Rock Soil Rock Total Total SG Soil SG Soil SG Rock S
Slide 29: PASS Project WASS management options
PASS Project WASS management options Facility with Landfill EMP Subject to landfill levy Underwater Lime treatment $65+ per tonne storage and land disposal Not Best Practice and Contaminated Not practical for management of WASS inconsistent with intent of rock, particularly 7Mt expected WASS governm
Slide 30: PASS Project
PASS Project WASS WASS SOIL WASS ROCK CONTAMINATED UNCONTAMINATED TBM EXCAVATED ? - NO TBM EXCAVATED ? - YES LANDFILL LIME TREATMENT LIME TREATMENT UNDERWATER STORAGE 29 November 2019 Annual General Meeting - CEO presentation 30
Slide 31: PASS Project
PASS Project • Representations to Government in 2019 • North East Link Project Inquiry and Assessment Committee • Infrastructure Victoria – Advice on Recycling and Resource Recovery • Sustainability Victoria – A Circular Economy for Victoria – Creating more value and less waste • Department of Envir
Slide 32: Quarrying
Quarrying CONCRETE AGGREGATES Competitive advantages: • 3,000,000 tonnes of material available • Rock is already crushed • Aggregates are suitably angular (less cement is needed) • Aggregates are a ‘recycled product’ Developments • Currently negotiating a commercial arrangement with a large producer
Slide 33: Re-processing 'fines' for gold
Re-processing ‘fines’ for gold • Based on historic data, heap leach material could average 0.2 g/t of gold* • Potentially 19,000+ ounces of Gold in the ‘fines’ • Potential value of gold in fines before recovery ≈ $38m (at $2,000 / ounce) * 0.2 g/t of gold based on historically reported head grade of
Slide 34: Sand and clay quarry
Sand and clay quarry • Business case favours a risk sharing approach (production partner) at this stage • Board made decision to focus available resources on exploration • Discussions with interested parties will continue this year 29 November 2019 Annual General Meeting - CEO presentation 34
Slide 35: www.nagambieresources.com.au
www.nagambieresources.com.au James Earle – Chief Executive Officer james@nagambieresources.com.au 0481 462 642 29 November 2019 Annual General Meeting - CEO presentation 35
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