Gateway Mining Limited · ASX:GML
Gateway Mining — Resources Rising Stars Virtual Investor Lunch Series (May 2020)
42 slides from Gateway Mining's conference presentation, May 13, 2020
Slide 1: Gateway Mining to participate in Resources Rising Stars Virtual Investor Presentation
ABN: 31 008 402 391 Level 11, 52 Phillips Street Sydney NSW 2000 GPO Box 225 Sydney NSW 2001 Tel: 61 2 8316 3998 Fax: 61 2 8316 3999 Website: www.gatewaymining.com.au ASX Announcement: 13 May 2020 GATEWAY MINING TO PARTICIPATE IN RESOURCES RISING For personal use only STARS VIRTUAL INVESTOR PRESENTA
Slide 2: Moving to the next level at Gidgee
For personal use only ASX Code : GML Moving to the next level at Gidgee Delivering resource growth and exploration success in the heart of WA’s goldfields ● 700km2 greenstone-scale WA gold project ● Initial 240koz Resource with strong growth potential ● Systematic, multi-pronged exploration programs
Slide 3: Important Notice and Disclaimer
Important Notice and Disclaimer Forward Looking Statements For personal use only ● This presentation has been prepared by Gateway Mining Ltd (GML). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been
Slide 4: Investment Overview
Investment Overview ● Key asset: 700km2 Gidgee Gold Project, 800km NE of Perth For personal use only ● Emerging large-scale gold system with minimal modern exploration ● Successful consolidation of large ground package and key structures in a “forgotten” Greenstone Belt ● Multiple mineralisation sty
Slide 5: Corporate Summary
Corporate Summary For personal use only CAPITAL STRUCTURE 12-MONTH SHARE PRICE ASX Ticker GML Shares on Issue 1,339,616,036 Executive Performance Options 30,000,000 Cash @ 31 March 2020 $1.5m Share Price $0.011 Market Capitalisation $14.74m MAJOR SHAREHOLDERS BOARD OF DIRECTORS Harmanis Holdings 10.
Slide 6: Highly Successful and Experienced Leadership Team
Highly Successful and Experienced Leadership Team Trent Franklin • Experienced Corporate Advisor holding qualifications in Geology/Geophysics, Finance, Financial For personal use only Non-Exec Chairman Planning and Insurance Broking • 34-year experienced explorer and project developer • Led the high
Slide 7: A Quality Address – For Large-Scale Gold Camps
A Quality Address – For Large-Scale Gold Camps ● Located in the heart of WA's prolific Murchison and Northern Goldfields For personal use only ● Tier-1 jurisdiction for gold exploration ● Extensive, greenstone-scale Archaean gold system ● Close proximity to several multi-million ounce gold camps ● S
Slide 8: Gidgee Project – History and Opportunity
Gidgee Project – History and Opportunity ● Why is this opportunity still there and why is the For personal use only project so under-explored? ● Five pits mined between 1988 and 1992 ● ~150koz produced – gold price ~$500/oz ● Herald Resources moved its plant and focus to Sandstone ● Project graduall
Slide 9: The Gateway Strategy
The Gateway Strategy ● Systematic, disciplined approach to building a sustainable gold company For personal use only ● Significantly grow the current 240,000oz Mineral Resource base by: ● Strong pipeline of targets from Resource Extensions – Advanced Targets – New Targets ● Systematically drilling a
Slide 10: Montague Granodiorite – Analogous to Other Large-Scale WA Gold Deposits
Montague Granodiorite – Analogous to Other Large-Scale WA Gold Deposits ● Prime geological target, with For personal use only clear analogues ● Existing deposits discovered Whistler in windows where bedrock Montague Goanna outcrops ● Several styles of GS mineralisation present Achilles Windich ● Lac
Slide 11: Regional Setting – How Big is the Gidgee Project Mineral System?
Regional Setting – How Big is the Gidgee Project Mineral System? ● Consolidation of a major mineralised system- 2Moz endowment For personal use only ● ~60km strike of a major mineralised “Litho-Structural” corridor ● Excellent grade profile across multiple deposit styles ● Limited shallow drilling b
Slide 12: Montague Granodiorite Dome – What Controls the Mineralisation?
Montague Granodiorite Dome – What Controls the Mineralisation? ● ~9km long major shear zone interacting along the western margin of the For personal use only Montague Granodiorite Dome ● Strong evidence of gold mineralisation along entire trend in multiple orientations ● Highly prospective Eastern M
Slide 13: Montague Granodiorite Dome – What Controls the Mineralisation?
Montague Granodiorite Dome – What Controls the Mineralisation? ● ~9km long major shear zone interacting along the western margin of the For personal use only Montague Granodiorite Dome ● Strong evidence of gold mineralisation along entire trend in multiple orientations ● Highly prospective Eastern M
Slide 14: Montague Granodiorite Dome – What Controls the Mineralisation?
Montague Granodiorite Dome – What Controls the Mineralisation? ● ~9km long major shear zone interacting along the western margin of the For personal use only Montague Granodiorite Dome ● Strong evidence of gold mineralisation along entire trend in multiple orientations ● Highly prospective Eastern M
Slide 15: Montague Granodiorite Dome – What Controls the Mineralisation?
Montague Granodiorite Dome – What Controls the Mineralisation? ● ~9km long major shear zone interacting along the western margin of the For personal use only Montague Granodiorite Dome ● Strong evidence of gold mineralisation along entire trend in multiple orientations ● Highly prospective Eastern M
Slide 16: Whistler Resource Area – Just Scratching the Surface
Whistler Resource Area – Just Scratching the Surface ● Inferred Resource 1.70Mt @ 2.23g/t for 120,000oz Au For personal use only ● Mineralisation hosted in granodiorite stockwork on contact with mafic volcanic rocks ● The Whistler trend now identified over at least a 900m along strike ● Open at dept
Slide 17: Whistler Resource Area – Just Scratching the Surface
Whistler Resource Area – Just Scratching the Surface ● Inferred Resource 1.70Mt @ 2.23g/t for 120,000oz Au For personal use only ● Mineralisation hosted in granodiorite stockwork on contact with mafic volcanic rocks ● The Whistler trend is now identified over: ● At least a 900m along strike ● Remain
Slide 18: Whistler Resource Area – Just Scratching the Surface
Whistler Resource Area – Just Scratching the Surface ● RC drilling focused on extending the footprint of the known system south and For personal use only north of current resource ● 13 metres @ 1.6g/t Au from 58 metres 5(2.1) ● 6 metres @ 1.9g/t Au from 28 metres (BoH) 4(14.6) 6 metres @ 1.7g/t Au f
Slide 19: Whistler Resource Area – Just Scratching the Surface
Whistler Resource Area – Just Scratching the Surface ● New targets For personal use only ● Armada Prospect – shallow supergene gold mineralisation associate with a major structural corridor 5(2.1) ● Gravity data indicates granodiorite plunging to north 4(14.6) 12(2.1) 10(1.0) 5(2.8) 2(3.6) 13(1.6) 6
Slide 20: Whistler Resource Area – Nearly 1km of Strike and Open
Whistler Resource Area – Nearly 1km of Strike and Open For personal use only OPEN PIT RESOURCE EXPANSION HIGH-GRADE UNDERGROUND EXPLORATION 19
Slide 21: Montague Resource Area
Montague Resource Area ● Inferred Resource 1.725Mt @ 2.18g/t for 120,000oz Au For personal use only ● Mineralisation in granodiorite stockwork and mafic shear zone ● October 2019 RC drilling successfully targeted extensions to the higher grade, mafic hosted lode: ● 10 metres @ 13.0g/t Au from 65 met
Slide 22: Montague Resource Area – More Room to Grow
Montague Resource Area – More Room to Grow ● Inferred Resource 1.725Mt @ 2.18g/t for 120,000oz Au For personal use only ● Mineralisation in granodiorite stockwork and mafic shear zone ● October 2019 RC drilling successfully targeted extensions to the higher grade, mafic hosted lode: ● 10 metres @ 13
Slide 23: Montague Resource Area – More Room to Grow
Montague Resource Area – More Room to Grow ● Inferred Resource 1.725Mt @ 2.18g/t for 120,000oz Au For personal use only ● Mineralisation in granodiorite stockwork and mafic shear zone ● October 2019 RC drilling successfully targeted extensions to the higher grade, mafic hosted lode: ● 10 metres @ 13
Slide 24: Montague Resource Area – More Room to Grow
Montague Resource Area – More Room to Grow ● Inferred Resource 1.725Mt @ 2.18g/t for 120,000oz Au For personal use only ● Mineralisation in granodiorite stockwork and mafic shear zone ● October 2019 RC drilling successfully targeted extensions to the 23(2.03) higher grade, mafic hosted lode: 7(1.34)
Slide 25: Achilles Exploration Target – Emerging Resource
Achilles Exploration Target – Emerging Resource ● Achilles combines the old Rosie Castle Pit, NE Pit and S-bend Prospect For personal use only into one coherent target area ● A complex series of related mineralised structures ● Previous drilling over extensions ineffective – shallow, wrong orientati
Slide 26: Achilles Exploration Target – Emerging Resource
Achilles Exploration Target – Emerging Resource ● Achilles combines the old Rosie Castle Pit, NE Pit and S-bend Prospect For personal use only into one coherent target area ● A complex series of related mineralised structures ● Previous drilling over extensions ineffective – shallow, wrong orientati
Slide 27: Achilles Exploration Target – Emerging Resource
Achilles Exploration Target – Emerging Resource ● Achilles combines the old Rosie Castle Pit, NE Pit and S-bend Prospect For personal use only into one coherent target area ● A complex series of related mineralised structures ● Previous drilling over extensions ineffective – shallow, wrong orientati
Slide 28: Achilles Exploration Target – Emerging Resource
Achilles Exploration Target – Emerging Resource ● Achilles combines the old Rosie Castle Pit, NE Pit and S-bend Prospect For personal use only into one coherent target area ● A complex series of related mineralised structures ● Previous drilling over extensions ineffective – shallow, wrong orientati
Slide 29: Achilles Exploration Target – Emerging Resource
Achilles Exploration Target – Emerging Resource ● Achilles combines the old Rosie Castle Pit, NE Pit and S-bend Prospect into For personal use only one coherent target area ● A complex series of related mineralised structures ● Previous drilling over extensions ineffective – shallow, wrong orientati
Slide 30: Southern Corridor – Untested Potential
Southern Corridor – Untested Potential ● Major discovery opportunity For personal use only ● ~4km strike of same geology and structure that hosts resources to the north ● Application of concepts taken from work at Montague and Whistler ● Recognition of North East structural control critical to targe
Slide 31: Southern Corridor – Untested Potential
Southern Corridor – Untested Potential ● Major discovery opportunity For personal use only ● ~4km strike of same geology and structure that hosts resources to the north ● Application of concepts taken from work at Montague and Whistler ● Recognition of North East structural control critical to targe
Slide 32: Southern Corridor – Untested Potential
Southern Corridor – Untested Potential ● Evaluation of priority high-grade prospects: For personal use only 13(1.5) ● Intersection of NE structural corridors 12(1.3) 23(13) 8(1.9) ● Example: Airport-Airport South 7(1.9) ● Now considered one target zone - ~500m strike length 8(2.2)) ● 23 metres @ 13g
Slide 33: Southern Corridor – Untested Potential
Southern Corridor – Untested Potential ● Recent geochemical sampling defines major prospective corridors For personal use only Crosswind Anomaly Limit of soil sampling 13(1.5) ● 12(1.3) 23(13) 8(1.9) ● Open to the north: coherent anomaly 3.8km long Major structural corridor – gold bearing fluid path
Slide 34: New Target Areas – Eastern Margin
New Target Areas – Eastern Margin ● Located on the largely untested eastern granodiorite margin For personal use only ● Sits in the “mirror-image” position of the Montague deposits ● Prospectivity demonstrated by the 200koz Howards Gold Deposit (HRN) ● Major structural corridor ● Potential for untes
Slide 35: New Target Areas – Kashmir
New Target Areas – Kashmir ● Located on the largely untested eastern granodiorite margin For personal use only ● Sits in the “mirror-image” position of the Montague deposits ● Immediately along strike of the Howards Deposit (200k oz Au – HRN) ● 1.8km coincident gold-silver soil anomaly ● Never been
Slide 36: New Target Areas – “Oxide Gold Caps”
New Target Areas – “Oxide Gold Caps” ● ~7km trend with extensive oxide gold caps overlying significant base For personal use only metal mineralisation (Cu-Zn-Au) ● Near-surface oxide gold considered a key target for the project ● Flametree Prospect most advanced ● Systematic aircore drilling program
Slide 37: New Target Areas – Expanded Tenement Position
New Target Areas – Expanded Tenement Position ● Significant expanded landholding over a broad area of the Gidgee Greenstone For personal use only Belt built at low-cost ● Very limited first-pass exploration conducted ● Numerous gold targets present in obvious structural positions ● Deposit types: ●
Slide 38: Regional Dynamic
Regional Dynamic ● Gidgee Project central to regionally strategic area with For personal use only fragmented ownership (2Moz combined resources) ● Region has remained dormant since early 2000’s ● Still endowed with significant gold deposits ● Recent discoveries – e.g. Spectrum ● Centrally located to
Slide 39: Building Investment Portfolio – Creating Optionality
Building Investment Portfolio – Creating Optionality ● Ensures focus remains 100% of Flagship Gidgee Project For personal use only ● Exposure to other commodities in other regions ● Alloy Resources Limited (ALY) ● Recent sale of the Bryah Basin Project for $375,000 cash, $400,000 shares and a 1.5% N
Slide 40: Programs of Work
Programs of Work ● Field programs recommencing For personal use only ● Regional soil sampling programs – May/June ● RC drilling planned for – June/July ● Achilles ● Montague ● Whistler South ● Kashmir ● Others ● Aircore drilling planned for – August / July ● Southern Corridor ● Oxide Gold Caps ● Ong
Slide 41: Investment Summary
Investment Summary For personal use only ● Geologically exciting with clear WA analogues ● Existing deposits previously mined at <$500/oz gold price PROSPECTIVE ● Recently defined Mineral Resources ● Significant results in advanced prospects away from Resource areas ● Strong technical team with prov
Slide 42: Moving to the next level at Gidgee
For personal use only ASX Code : GML Moving to the next level at Gidgee Delivering resource growth and exploration success in the heart of WA’s goldfields 41
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