Slide 1: Corporate Presentation - ASX Announcement
Matsa Resources Limited Decem000000000000000000000000000000000000000 000ber 2012 For personal use only LIMITED ABN 48 106 732 487 ASX Announcement 22 October 2014 Corporate Presentation CORPORATE SUMMARY Matsa Resources Limited (“Matsa” or “the Company” ASX:MAT) provides Executive Chairman a copy of
Slide 2: Company Update
For personal use only Company Update OCTOBER 2014 PAUL POLI EXECUTIVE CHAIRMAN ASX: MAT
Slide 3: Important Notices
Important Notices 2 For personal use only Forward Looking Statements The material used in this presentation is intended to be a summary of selected geological data, current and proposed activities, as well as resource estimates based on information available to Matsa Resources Limited (“Matsa” or “t
Slide 4: Matsa Corporate Snapshot
Matsa Corporate Snapshot 3 For personal use only Corporate Structure Directors Stock Code ASX: MAT Paul Poli Executive Chairman Shares on Issue 144.2 million Frank Sibbel Non - Executive Director Unlisted Options 7.95 million @ $0.40 - $0.43 Non - Executive Director & Company Andrew Chapman Secretar
Slide 5: A Vibrant, Growing Company
A Vibrant, Growing Company 4 For personal use only Tight shareholder register with substantial management ownership Strong cash and liquids position +A$10m (includes 11M Panoramic Resources (PAN) shares), no debt Portfolio of projects across diverse metals at varying stages of development, key
Slide 6: Diverse Project Portfolio
Diverse Project Portfolio 5 For personal use only Western Australian Projects Mt Henry Gold JV (30%) – BFS Symons Hill Ni-Cu – Drilling Killaloe Ni (& Au) (80%) – Drilling Dunnsville Au – Exploration Minigwal Ni and Au – Exploration Thailand Projects Siam Cu – Soil Sampling Paisali Iro
Slide 7: Western Australian Focus
Western Australian Focus 6 For personal use only
Slide 8: Symons Hill Ni-Cu Project
Symons Hill Ni-Cu Project 7 For personal use only Fraser Range, Western Australia MAT 100% owned (E69/3070) Located 6km south of Sirius Resources’ Nova-Bollinger Ni-Cu project, within a discrete complex of the Fraser Zone The Fraser Range Ni-Cu discoveries to date are found within metagabbro
Slide 9: The Nova-Bollinger Case Study
The Nova-Bollinger Case Study 8 For personal use only The world class discoveries of the Nova- Geochemistry is thus a critical tool to detect Bollinger deposits provide a road map to a Ni-Cu halo around any massive sulphide future success in the Fraser Zone target Much of the N-B mineralised z
Slide 10: Symons Hill Structural Setting
Symons Hill Structural Setting 9 For personal use only Nova-Bollinger interpreted to be hosted by a doubly-plunging synformal metagabbro unit (“The Eye”) All of Matsa’s key targets at Symons Hill (SHG01- SHG11) are located within extensive, complexly folded metagabbro units • 5 targets occur wit
Slide 11: Drilling Progress & Next Steps
Drilling Progress & Next Steps 10 For personal use only Diamond and RC drilling results to date 3.8m of disseminated sulphides, chalcopyrite/pyrite mineralisation from 454m downhole (SHDD006 at VA11, 3.2m at 0.4% Cu) Sulphides discovery significant – a prerequisite for formation of a magmatic
Slide 12: Elevated Ni values in RC holes
Elevated Ni values in RC holes 11 For personal use only
Slide 13: Killaloe Nickel Project (80%)
Killaloe Nickel Project (80%) 12 For personal use only 94km2 tenement base, 20km NW of Norseman Adjacent to Sirius Resources’ Taipan nickel sulphide discovery; Taipan basal contact extends >10km onto Killaloe project Elevated Ni values in conjunction with Ni sulphides confirmed in diamond hole
Slide 14: HWG Prospect DDH Results
HWG Prospect DDH Results 13 For personal use only Gossan E
Slide 15: HWG Prospect Diamond Core
HWG Prospect Diamond Core 14 For personal use only DDH KL14KLDH01 (93m down-hole) DDH KL14KLDH01 (137m down-hole)
Slide 16: Next Steps at Killaloe
Next Steps at Killaloe 15 For personal use only Strong Downhole EM and FLTEM targets defined for drilling Follow-up 2,000m diamond and RC program commenced Several high priority targets along footwall contact of the Eastern Ultramafic Belt have also been interpreted as further favourable sites
Slide 17: Mt Henry Gold JV (30%)
Mt Henry Gold JV (30%) 16 For personal use only Joint venture with Panoramic Resources (ASX: PAN), 70% stake & project manager PAN acquired its project interest via selldown from Matsa for cash and shares Combined project resource of 1.65moz gold; over 75% in the Indicated category (45.1mt at
Slide 18: Scoping Study Outcomes
Scoping Study Outcomes 17 For personal use only December 2012 Scoping Study results* 3 open pits feeding a 2.5mtpa gravity-float-leach mill with re-grind; forecast 92% recovery Annual production ~116koz gold pa Initial project life +7 years (~840koz produced) Average operating costs ~A$927/o
Slide 19: Minigwal Nickel
Minigwal Nickel 18 For personal use only Matsa 100% tenements 1025km2 Located directly between the St George Minerals Cambridge project and Impact Minerals Mulga Tank project First pass auger sampling completed for ~900 samples Identified two significant areas of interest, further infill aug
Slide 20: Minigwal-South Targets
Minigwal-South Targets 19 For personal use only Broad gold anomalism identified by wide spaced (4km) soil sampling by GSWA and limited historic exploration Nickel exploration targets defined by wide spaced soil sampling and interpretation of regional aeromagnetics 13 new nickel targets from ha
Slide 21: Other Projects
Other Projects 20 For personal use only Other Western Australian Projects Dunnsville (Gold) Dundas (Iron Ore) Kurnalpi (Nickel) Binneringie (Nickel) Zanthus (Gold) Fraser Range North (Nickel) Thailand Projects Siam Copper Paisali Iron Ore KT Gold
Slide 22: A Strong Newsflow Pipeline
A Strong Newsflow Pipeline 21 For personal use only Symons Hill deep EM survey – commenced October 2014 4 month stream of weekly results, highest priority areas first Follow up drilling can be commenced quickly (concurrent with survey) post conductor identification Killaloe next phase RC and
Slide 23: The MAT Investment Case
The MAT Investment Case 22 For personal use only Well funded (+$10m cash and liquids) with strong management ownership/alignment First class Australian nickel exploration tenure and strong newsflow pipeline In the right place within the Fraser Range (Fraser Zone) Taipan discovery basal conta
Slide 24: Contact
Contact 23 For personal use only Paul Poli Executive Chairman Suite 11, 139 Newcastle Street Perth, Western Australia 6000 +61 8 9230 3555 reception@matsa.com.au