Saturn Metals Ltd. · ASX:STN
Saturn Metals — Shareholder Meeting (November 2022)
18 slides from Saturn Metals's shareholder meeting presentation, Nov 29, 2022
Slide 1: From Good to Great
From Good to Great For personal use only Next Generation Gold Company in a Multi-Million Ounce Province Annual General Meeting Presentation 29 November 2022 Ian Bamborough Managing Director ASX:STN www.saturnmetals.com.au www.saturnmetals.com.au
Slide 2: Apollo Hill 'Greater' Gold Project Overview, Location and Tenure
Apollo Hill ‘Greater’ Gold Project Overview, Location and Tenure • Central Strategic Position in the Belt For personal use only • 60km south-east of Leonora in Western Australia in world class multi-million ounce gold province close to existing gold infrastructure • Centred around the current 1.47Mo
Slide 3: Corporate Snapshot
Corporate Snapshot Funded – Strong Register – Good Value Corporate Metrics 25 NOV 22 Share Price Since Listing in March 2018 For personal use only Funds (Cash balance 30 September 2022) $5.1M Shares on Issue 129.9M $0.20 IPO at $0.20 25 NOV 22 9 MAR 18 Unquoted Options & Performance Rights 7M Market
Slide 4: Apollo Hill – Resource Upgrade (1.47Moz Au) May 2022
Apollo Hill – Resource Upgrade (1.47Moz Au) May 2022 Simple, Single, Big, Low Strip, Large Selective Mining Unit, Low Unit Cost, Open Pit Shell 6772000N 372000E Apollo Hill May 2022 6774000N Mineral Resource For personal use only 1,469,000oz (76Mt @ 0.60g/t Au at 0.23g/t Au cut-off) 3D Oblique view
Slide 5: Simple Metallurgy – Apollo's Biggest Cost Differentiator
Simple Metallurgy – Apollo’s Biggest Cost Differentiator Excellent Gold Extraction Characteristics for Easily Recoverable Gold HEAP LEACHING For personal use only Gold Grains Efficient, Low Cost Recovery Route Excellent recovery – +74% - 85% in columns Flat grade recovery curve – +77% at 0.2g/t
Slide 6: Apollo Hill 2022 Mineral Resource Scalability
Apollo Hill 2022 Mineral Resource Scalability SW NE Low 2’s strip ratio, more 0.35km For personal use only ounces in shell TOPO BOCO Thick ore zones +100m TOFR Bulk Tonnage Bigger selective mining units, economies of scale and lower operating cost Drill Holes April 2022 Mineral Resource (wit
Slide 7: Preliminary Economic Assessment Studies Underway
Preliminary Economic Assessment Studies Underway With Continuing Success and ‘Stage Gate’ Planning Lead into a PFS Initially targeting 10Mtpa for 8 Years For personal use only from Current Resource • +100koz Per Annum Recovered in Low Cost Production Scenario • Preliminary Site Layout being Consider
Slide 8: Pilot Plant Planning and Permitting Studies Commenced for PFS
Pilot Plant Planning and Permitting Studies Commenced for PFS – Targeting 2023 Design Concept 1Mt @ 0.6g/t Au For 19.5koz mined and 14koz recovered, Strip Ratio <0.85:1 6774000N 6772000N 372000E For personal use only 3D Oblique view Looking North-West 250m May 2022 Mineral Resource (within 1.2 reven
Slide 9: Apollo Hill Resource Growth
Apollo Hill Resource Growth Next –– 685koz 2019 2021 2018 2017 2022 Targeting 781koz 944koz 505koz 1.47Moz a Tier --Ounces Step One per ChangeAsset Hanging-wall Step Out Discovery Drilling cubic Leads Metre in Pit the Way Ounces Increase Constrained Hanging-wall For personal use only Discovery Pit C
Slide 10: Apollo Hill Resource Upgrade – Geology Drives Discovery
Apollo Hill Resource Upgrade – Geology Drives Discovery For personal use only Target OPEN 8/3.38 8/12.9 5/25.91 7/11.18 8/5.12 54/1.34 7/4.48 Legend 5/32.6 Intersection [meters / (g/t Au)] 17/2.03 Dolerite Basalt 10/4.00 7/1.19 Schist Thrust Movement Planes N-S Fluid Corridor 10/2.77 Apollo Hill She
Slide 11: Resource Comparison – Peer Group Aspirational Goals
Resource Comparison Peer Group – Aspirational Goals Round Mountain, USA Tujuh Bukit, IDN Kinross Gold Corporation Apollo Hill Moves into Bulk Merdeka Copper Gold* For personal use only Apollo Hill, AUS Tonnage Economic Space: Saturn Metals Grade Scale Bald Mountain, USA Kinross Gold Corporation
Slide 12: Regional Potential – Important Corridor Yielding Results
Regional Potential – Important Corridor Yielding Results Satellite Prospects Developing For personal use only • ~1,000km2 of Greenfields land package starting to yield results (60km long position in the greenstone belt) • 60% of Ground Package under cover and Untested • New Systems and Satellite Pro
Slide 13: Hercules – Strong Results at New Satellite Gold System
Hercules Strong Results at New Satellite Gold system For personal use only • + 2km Strike length • Only 15km from Apollo Hill • Shallow Stacked Intersections • Results includea: o 21m @ 1.44g/t Au from 23m – AHAC0925 (*from 1m resamples) o 12m @ 1.05g/t Au from 32m – AHAC1322 o 20m @ 0.92g/t Au from
Slide 14: West Wyalong Joint Venture
West Wyalong Joint Venture A Major High Grade Goldfield – Underexplored for 100 Years 2021 – Drilling Completed For personal use only • Four diamond holes for 2,000m targeting below historical mines - Mallee Bull, True Blue and Neeld’s Homeward Bound 2023 – Planned Drilling • 45 Aircore holes for 4,
Slide 15: Plan and Budget – 2022-2023
Plan and Budget – 2022-2023 Targeting Release of Preliminary Economic Assessment (PEA) Planned: For personal use only • Targeting PEA and Lead into a Pre- Feasibility Study (PFS); including bulk sample & pilot plant • Target Additional Resource Upgrades • Ongoing Drilling Campaign ~30,000m Planned •
Slide 16: 1.47 Moz Quality Ounces – From Good to Great
SATURN METALS 2022 1.47 Moz Quality Ounces – From Good to Great Foundation Ounces Outlined For personal use only Simple Mining and Processing Plan Study Work Progressing to PFS Aggressive Program – Resource and Regional Exploration Satellite Prospects Developing at Hercules, Bob’s, Calypso
Slide 17: Disclaimer & Competent Person Statements
Disclaimer & Competent Person Statements GENERAL The Company has prepared this presentation. Whilst the information contained in this presentation has been prepared with all reasonable care from information provided by the Company and from sources, which the Company believes are reliable, no respons
Slide 18: Appendix A – Resource Comparison Peer Group Data
Appendix A Resource Comparison – Peer Group Data Mineral Resource For personal use only Measured Indicated Inferred Total Source Company Desposit Stage Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces 1 Kinross Gold Corporation Bald Mountain Production 9,150,000 0.8 23