Magnetic Resources Nl · ASX:MAU
Magnetic Resources Nl — Investor Presentation (January 2019)
29 slides from Magnetic Resources Nl's investor presentation, Jan 15, 2019
Slide 1: Magnetic Resources – January 2019
magnetic resources" January 2019
Slide 2: Disclaimer
DISCLAIMER The information contained in this presentation has been prepared by Magnetic Resources NL (MAU). This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in MAU. This presentation has been
Slide 3: Company Overview
Company Overview Magnetic is listed on the Australian Stock Exchange (ASX Code: MAU). Capital Structure ASX:MAU Experienced Board Position Held Shares on issue 190,976,870 Options and contributing shares on issue 20,418,862 George Sakalidis Managing Director Fully diluted shares on issue 211,395,732
Slide 4: Leonora–Laverton Gold Projects
Leonora–Laverton Gold Projects Background ❑ The Leonora-Laverton district is well endowed with large world-class gold deposits having over 34Moz (mined plus resources), second to the Kalgoorlie region in WA. The company has 198km2 in the Laverton region and 180km2 in the Leonora Region. ❑ A regional
Slide 5: Leonora–Laverton Gold Projects
Leonora–Laverton Gold Projects Work Programmes complete and future programmes Tenement Surface sampling completed Drilling & ground magnetics completed Proposed exploration 599 soils 899 RAB holes for 5313m 493 laterites 26 RC holes for 1452m 45km Ground magnetics Mertondale 22 costeans 188km ground
Slide 6: Laverton Gold Mines, Faults, Ground Magnetics, Drillhole Max Gold, Aeromagnetics
Laverton Gold Mines, Faults, Ground Magnetics, Drillhole Max Gold, Aeromagnetics Slide 6 6
Slide 7: Leonora–Laverton Gold Project: Wallaby Mine Cross Section
Leonora–Laverton Gold Project Wallaby Mine (7 Moz) Cross Section Wallaby deposit characteristics: ❑ Magnetite-rich pipe ❑ Conglomerates/ Sediments ❑ Syenite intrusions ❑ Multiple Horizontal Lodes ❑ Major Faults in vicinity Source: www.goldfields.com/reports/annual_report_2015/minerals/reg-aus-smith-
Slide 8: Leonora–Laverton Gold Project: Jupiter Mine Cross Section
Leonora–Laverton Gold Project Jupiter Mine (1.3Moz) Cross Section Jupiter deposit characteristics ❑ Magnetite-rich pipe ❑ Syenite intrusions ❑ Multiple Horizontal Lodes ❑ Major Faults in vicinity Source: https://daciangold.com.au/overview/jupiter/ Slide 8 8
Slide 9: Leonora–Laverton Gold Project: Sunrise Dam Mine Cross Section
Leonora–Laverton Gold Project Sunrise Dam Mine (10Moz) Cross Section Sunrise Dam deposit characteristics: ❑ Magnetite-rich pipe ❑ Turbidite/Sediment Beds ❑ Syenite/Felsic Porphyry intrusions ❑ Multiple Horizontal Lodes ❑ Major Faults in vicinity Source: https://www.researchgate.net/figure/A-composit
Slide 10: Laverton — Hawks Nest Project
Laverton — Hawks Nest Project ❑ So far there has been extensive RC drilling (134 holes for 7426m) and RAB drilling (166 holes for 1813m), and 2854 soil samples has been completed at HN3–9. ❑ Currently RC drilling HN9 (40 holes for 1665) at HN9 has been completed with assays awaited and a further 501
Slide 11: Laverton — Hawks Nest Project
Laverton — Hawks Nest Project Hawks Nest 9, soil sampling and planned RC programme ❑ A 1.5km drilled sheared corridor has 45 intersections >0.5g/t Au of which 13 are >1g/t Au. Mineralisation is very shallow and the dips are 20 to 30 deg to the east. ❑ Associated with quartz veins and stockworks in b
Slide 12: Laverton — Hawks Nest Project
Laverton — Hawks Nest Project Hawks Nest 9 Geology, Soil Sampling completed and planned ❑ Further 501 samples are being taken in January 2019 totaling 1103 samples over the HN9 prospect. The aim is mainly endeavouring to extend this anomalous zone up to 800m to the north and 800m to the south, total
Slide 13: Laverton — Hawks Nest Project
Laverton — Hawks Nest Project Hawks Nest 9 Aeromagnetics, soil sampling completed and planned ❑ A 2km gold soil geochemical zone is associated with a favourable dilational bend from a NNW to NW direction and contains very anomalous soil sample results with 99 samples that are greater than 25ppb Au o
Slide 14: Laverton — Hawks Nest Project
Laverton — Hawks Nest Project Hawks Nest 5 Soil geochemistry and planned RC drilling ❑ Infill soil sampling in the HN5 area has confirmed several coherent +50ppb Au anomalies totalling more than a significant 1,000m in length. ❑ The northernmost anomaly surrounds an area of old diggings close to the
Slide 15: Laverton — Hawks Nest Project
Laverton — Hawks Nest Project Hawks Nest 5 completed RC/RAB and recently completed RC driling programme . Slide 15 15
Slide 16: Laverton — Mt Jumbo East Project
Laverton — Mt Jumbo East Project ❑ 11km2 of tenements called Mt Jumbo East (P38/4317–4324) only 5km north of the 7Moz Wallaby deposit. ❑ Significant shallow historical drill intersections at the No Name prospect include 6m @ 5.8g/t Au from 10m in drillhole MJC09 in quartz veined and sulphidic BIF. ❑
Slide 17: Laverton — Mt Jumbo East Project
Laverton — Mt Jumbo East Project RC Drilling Slide 17 17
Slide 18: Laverton — Mt Jumbo East Project
Laverton — Mt Jumbo East Project RC drillholes planned MGA MGA HoleID East North RL Depth Dip Azimuth Target MJE1 434960 6817161 454.14 60 -60 270 Down dip from MMJERC04 (4m @ 4g/t Au) MJE2 435010 6817161 453.49 80 -60 270 Step out N from MMJERC04 MJE3 434870 6817118 451.91 25 -60 270 Step out S fro
Slide 19: Leonora — Mertondale Project, Christmas Well
Leonora — Mertondale Project, Christmas Well Location ❑ 183km2 in the Mertondale region. ❑ Numerous dilation targets at changes in orientation of the Mertondale Shear Zone and parallel shears. ❑ 8.6km of multielement geochemical targets 20km NW of the Cardinia Gold Project (193,000oz) and only 5km w
Slide 20: Leonora — Christmas Well Project
Leonora — Christmas Well Project Deep RAB drilling of 1.8km of multielement targets ❑ Shallow RAB (<4m) below hardpan & geochemical sampling has been carried out at Christmas Well (P37/8687–8694). ❑ A significant 1800m-long NS anomalous gold zone has been defined with values up to 194ppb and 39.7g/t
Slide 21: Leonora — Christmas Well Project
Leonora — Christmas Well Project RAB drilling below Triumvirate workings and a follow up 10 RC programme. Slide 21 21
Slide 22: Leonora — Christmas Well Project
Leonora — Christmas Well Project Deep RAB drilling below Triumvirate workings ❑ Initial shallow first-pass drilling and assaying of only 5 RAB holes totalling 134m testing below the Triumvirate historic workings, have successfully intersected 4m at 11.1g/t from 16m (4m composite) including 2m at 15.
Slide 23: Leonora — Mertondale Project
Leonora — Mertondale Project Large Gold Nuggets ❑ In the northern part of the Mertondale tenement more than 70oz of gold nuggets have been located to date. ❑ Nuggets are reported at shallow depths within a lateritic profile. ❑ Two largest nuggets at 11.5oz and 21oz. The 21oz nugget (10cm) reported i
Slide 24: Leonora — Mertondale Project
Leonora — Mertondale Project Gold in ironstones at Nugget Patch ❑ 5m x 150m north-trending secondary ironstone delineated by prospectors 100m east of the original nugget discovery. About 40 nugget locations have been recorded by prospectors along ironstones, with nugget sizes reported to range from
Slide 25: Homeward Bound South
Homeward Bound South Planned Soil Geochemistry ❑ The 14km2 tenements comprise granted prospecting licence eight prospecting licences P39/5455,P39/5928-5929, P39/5931-5934, and P37/9144 covering a 5km strike length of the Federation Shear Zone situated 40km east of Leonora. ❑ Significantly, a line of
Slide 26: Birthday Patch Project
Birthday Patch Project Planned Soil Geochemistry ❑ In January 2018 Magnetic Resources entered into an option to purchase agreement with prospector Lynsay Masters on the Birthday Patch prospect comprising tenements E53/1978 (application pending), P53/1627(granted) and P53/1628 (granted) totalling 37k
Slide 27: Birthday Patch Project
Birthday Patch Project ❑ The optioned tenements cover a 700m-long corridor within which near- surface gold nuggets have been reported by prospectors using metal detectors. ❑ A geological inspection of the area revealed evidence of sheared ultramafic rocks underlying the nugget occurrences and suppor
Slide 28: Iron Ore Projects: Purchase Agreement with Northam Iron Pty Ltd
IRON ORE PROJECTS Purchase Agreement with Northam Iron Pty Ltd ❑ Magnetic Resources still maintains an interest in potentially economic iron ore deposits and mainly focused on Mt Joy and Kauring. ❑ A Purchase agreement was signed during the year with Northam Iron Pty Ltd. ❑ Following a 3-month due d
Slide 29: Magnetic Resources provides a unique opportunity to invest in an emerging gold market
Magnetic Resources provides a unique opportunity to invest in an emerging gold market within the world class Leonora-Laverton regions. Active programmes are in progress to determine optimum sites for follow up drilling within the Hawks Nest, Mertondale, Christmas Well, Mt Jumbo East and Birthday Pat
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