Gold Mountain Limited · ASX:GMN
Gold Mountain — Shareholder Meeting (November 2017)
21 slides from Gold Mountain's shareholder meeting presentation, Nov 28, 2017
Slide 1: Wabag Project AGM November 2017
For personal use only ASX: GMN II Wabag Project AGM November 2017 Level 25, St Martins Tower 31 Market Street Sydney NSW 2000 Australia Tel: +61 (02) 9283 3880 info@goldmountainltd.com.au 1
Slide 2: Forward Looking Statement and Competent Person Statement
For personal use only This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may not be dis
Slide 3: Company Overview
Company Overview The Wabag Project comprises a highly prospective tenement package in a For personal use only region internationally recognized for major economic deposits. Results of work carried out to date highlight the prospect for a range of arc- related gold and copper mineralisation style
Slide 4: Exploration Programs Overview
Exploration Programs Overview For personal use only • Exploration work consists of two simultaneous exploration programs. The first of these seeks to confirm a Mineral Resource Estimate (MRE) compliant to JORC 2012 for Crown Ridge, with work expected to be completed in early 2018. The work includes:
Slide 5: PNG: Mining Resources Location
PNG: Mining Resources Location PNG is a country that is well endowed in mineral resources, having one of the For personal use only largest concentrations of major gold deposits globally. Well-developed mining law similar to the state based systems in Australia. Gold Mountain is concentrating a
Slide 6: Wabag Gold Project
Wabag Gold Project Dual potential development: For personal use only i) Bulk mining for Elluvial gold from surface ii) Drilling for hard rock potential Six ELs and one EL Application totalling 2,010 km2. Miocene aged intrusions within the Wabag project area form part of the Maramuni Event, giv
Slide 7: Wabag Project: Hunting Elephants in Elephant Country
Wabag Project “Hunting Elephants in Elephant Country For personal use only Exploration and Operations Director Doug Smith said: “In my 20+ years working as a geologist, I have never worked on a gold project with such compelling geology. I can confidently say we have the opportunity to very quickly d
Slide 8: Crown Ridge Prospect
Crown Ridge Prospect For personal use only The following table encapsulates the total gold and platinum recovery from Pit 200: Fraction Sample Weight Gold recovered Platinum recovered >1mm oversize 1,722 g 10.00 g 3.48 g <1mm magnetic fraction 14,963 g 0 0 II <1mm non-magnetic fraction 13,662 g 65
Slide 9: Crown Ridge Prospect: Airborne Geophysical Survey
Crown Ridge Prospect For personal use only Airborne Geophysical Survey The assessment was followed by Geophysical surveys and created a 3D body of magnetic susceptibility of the target area. II The results indicated extensive, shallow drill targets within the Project and identified similarities
Slide 10: Crown Ridge Prospect: Exploration Phases to Date
Crown Ridge Prospect For personal use only 5 EXPLORATION PHASES TO DATE PHASE 1 Phase PHASE 22 PHASE Phase 33 PHASE 4 PHASE 5 Reconnaissance Ground Magnetics Ground Magnetics & Trenching Trenchingprogram program Non-mechanised Mechanised mapping & & Airborne Airborne Magnetics Magnetics pitting & bu
Slide 11: Phase 1: Reconnaissance Programs
•Phase 1: (2016) Reconnaissance Programs For personal use only EL 1968 – 164km2 of highly prospective exploration area Crown Ridge – interpreted volcanic crater 7km2 Initial results from reconnaissance sampling methods: 1. Stream sediments 2. Rock chips 3. Soil >All three of these showed highl
Slide 12: Phase 2: Geophysical Surveys
PHASE 2: (Sept 2016) Geophysical Surveys Current Phase 1 pit locations For personal use only with visual gold recovered in Future target zones for panned concentrates shallow free gold Magnetics surveys and modelling Modelling of magnetics data Bulk sampling program created 3D model of magnetic
Slide 13: Phase 3: Trenching Program
PHASE 3: (Oct 2016) Trenching Program For personal use only Trenching of magnetic targets Host rock is altered and weathered conglomerate Hand panning of excavated weathered rock resulted in recovery of visible free gold, as well as occasional occurrences of platinum Two styles of gold recov
Slide 14: Phase 4: Pitting & Bulk Sampling
PHASE 4: (Nov 2016 – Jan 2017) Pitting & Bulk Sampling Discovery of visible free gold from the earlier For personal use only trenching program led to the design of a systematic assessment of the near surface potential 52 hand-dug pits: 2m x 2m x 2m (8m³) on 100m grid spacing Hand panning of ex
Slide 15: Phase 5: Mechanised Bulk Sampling
PHASE 5: (Dec 2016 to Jan-2017) Mechanised Bulk Sampling For personal use only Bulk Sampling program using an excavator - 5m x 5m x 5m pit (125m³) for Pit 200 Samples were processed on-site by mechanised trommel & sluice box From first pit (Pit 200), recovery of: II Over 2 ounces of Gold (75
Slide 16: Future Potential
Future Potential Bulk Pit Mining For personal use only Near surface free gold is a key feature – of the company's simple mining target to provide sustainable profitable early cash flow through an effective elluvial mining program from the surface. This plan allows Gold Mountain to seek firstly an
Slide 17: Key Investment Highlights
Key Investment Highlights “Hunting Elephant in Elephant Country” For personal use only Region and Location are Papua New Guinea economy is largely driven by natural resources – 31% of exports income derived from gold Grasberg in neighboring Indonesia is the largest gold mine in the world Rich
Slide 18: Strategy: Q4 2017 Going Forward
Strategy: Q4 2017 Going Forward Shareholder approval for EL 2306 lease For personal use only Operations will concentrate on completing bulk sampling of pits to seek to achieve JORC Compliant Mineral Resource for 2.5km2, from surface to +4 metre depth Complete all necessary studies for lodgemen
Slide 19: Company Overview: Capital Structure, Board & Management
Company Overview For personal use only GMN CAPITAL STRUCTURE Shares on issue 443,031,965 Options on issue: ESOP Plan (30c strike; 50c trigger) 14,800,000 Others (5.5c strike; expiry 18/1/2018) 40,110,715 Others (15c strike, expiry 30/6/2019) 28,237,300 Market cap at $0.11 undiluted $48.7m 52 week hi
Slide 20: Geophysical Survey Technology
Geophysical Survey Technology Helimag survey involves helicopter borne magnetics survey and is flown at just above tree level. For personal use only This technology aids greatly in the initial target identification. An example of the Company’s use of this is the identification of targets on lease EL
Slide 21: Corporate Social Responsibility & Local Landowner Relations
Corporate Social Responsibility & Local Landowner Relations For personal use only We foster good relationships and trust with Chief Land Owners and community. We create an opportunity to provide jobs for the local Community. We continuously help local communities with social work to improve th