Matsa Resources Ltd · ASX:MAT
Matsa Resources — RIU Explorers Conference 2022
35 slides from Matsa Resources's conference presentation, Feb 15, 2022
Slide 1: Extension for Completion of SPA
Matsa Resources Limited ASX Announcement 15th February 2022 Extension for Completion of SPA Matsa Resources Limited (“Matsa”, “Company”) wishes to advise that CORPORATE SUMMARY Linden Gold Limited (“LGL”) have confirmed that they are on target to Executive Chairman receive conditional approval from
Slide 2: Towards 1Moz and beyond
Towards 1Moz and beyond Corporate Presentation | Perth | RIU February 2022
Slide 3: Disclaimer
Disclaimer Disclaimer and Forward Looking Statements This presentation has been prepared by Matsa Resources Limited (“Matsa” or the “Company”). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentation may
Slide 4: Corporate Overview
Overview Corporate Overview Gold Resource* Resource Grade Top 20 Ownership DIRECTORS Paul Poli 553,000 oz 1.9 g/t 55.26% Executive Chairman Mr Poli is a CPA with over 34 years of business and corporate experience. He founded Matsa Resources and has spearheaded M&A deals with Panoramic, Bulletin, Wes
Slide 5: Significant Developments
Overview A Reinvigorated Matsa 2 Significant Developments All currency expressed in Australian dollars unless otherwise stated
Slide 6: $20M Partial Lake Carey Sale
Divestment $20M Partial Lake Carey Sale Transaction • Matsa to receive $20M in cash and shares, whilst retaining 553Koz resource • Red October and Devon tenement package sold (314koz @ $64/resource oz) to Linden Gold (“LGL”) • Cash injection into Matsa: • Upper case -> $15.5M cash • Lower case -> $1
Slide 7: Matsa still has 553koz and 385km2 at Lake Carey
Linden Gold On Completion of the $20M Transaction Matsa still has 553koz and 385km2 at Lake Carey All currency expressed in Australian dollars unless otherwise stated
Slide 8: JORC 2012 Mineral Statement
Lake Carey JORC 2012 Mineral Statement* Measured Indicated Inferred Total Resource Project Cutoff g/t Au (‘000t) g/t Au (‘000t) g/t Au (‘000t) g/t Au (‘000t) g/t Au (‘000 oz) Fortitude 1.0 127 2.2 2,979 1.9 4,943 1.9 8,048 1.9 489 Gallant 1.0 - - - - 341 2.1 341 2.1 23 Bindah 1.0 - - 43 3.3 483 2.3
Slide 9: Thailand Turning the Page
Opportunity Thailand Turning the Page Thailand is Prime Today Kingsgate PanAust ($368M MC) • Kingsgate Consolidated Limited (ASX:KCN - MC $368M) announcing expected recommencement of operations at the world class Chatree mine • The recent success of lithium explorer Pan Asia Limited (ASX:PAM - MC $8
Slide 10: What does this mean for Matsa?
Overview A Reinvigorated Matsa What does this mean for Matsa? All currency expressed in Australian dollars unless otherwise stated
Slide 11: Rerating on the cards
Rerating on the cards Valuation Matsa kOz *Cash/liquids *Debt ($M) Market Valuation ($M) Capitalisation Pre sale (20 Dec 2021) 867 1 4 A$21m $27/oz Post sale (at time of settlement) 553 18 4 *A$23m $16/oz ✓ The Sale agreement values oz sold @ $64/resource oz and compares favourably to EV of $27/reso
Slide 12: Catalysts
Matsa’s re rating Catalysts Activity Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Linden Gold $1m payment Corporate Linden Gold $13m in cash + shares Linden Gold deferred $5m payment Magnetic surveys Exploration drilling Lake Carey Fortitude North maiden resource Regional aircore Processing plant
Slide 13: Pro-Forma Lake Carey Gold Project
Lake Carey Pro-Forma Lake Carey Gold Project Prime location and 100% owned Wallaby Granny Smith 20km • 385km2 land holding located near AngloGold Ashanti’s Sunrise Dam 12Moz Sunrise Dam with excellent mining infrastructure • Largest tenement package in Lake Carey area outside of Fortitude North Gold
Slide 14: Fortitude Gold Mine
Lake Carey: Fortitude Hub Fortitude Gold Mine Gold Resource of 489,000oz • 1km long open pit down to 190m depth • Granted Mining Lease with approved Mining Proposal (MP) in place allowing immediate start of mining • Completed scoping study outlines production of 132,000oz across 30 months generating
Slide 15: Fortitude North
Lake Carey: Fortitude Hub Fortitude North 1.5km gold anomalous trend only 6km north of Fortitude on the same structure • Interpretation of new high resolution ground magnetic data has defined 2.6km dilational jog providing further information to assist drill planning • New logging data indicates For
Slide 16: Exploration Work Program
Lake Carey Exploration Work Program Targeting drilling late March – early April Lead up work commenced: • 200 line km ground magnetic surveys at Fortitude East, Fortitude North – FF1 trend, Mirage and Carmen areas (red outlines) • Reprocessing of regional airmag datasets with new ground mag data • R
Slide 17: Gold focus with a twist of lithium
Matsa Gold focus with a twist of lithium Flagship 385km2 Lake Carey project with 553koz Au resource PanAust Lithium / tin* Kingsgate • Significant 942km2 SPLA holding in western Thailand • +800km tin belt with numerous lithium occurrences reported in DMR records • SPLAs in Phang Nga province also ho
Slide 18: Why Thailand
Thailand Why Thailand EV Market • “battery arms race” led by China • China’s “belt and road” initiative linking Thailand and China by rail • Untapped source of lithium, tin and copper sources for growing EV market • Matsa has a well established office, technical and management team in Thailand • Cha
Slide 19: Why Lithium in Thailand
Thailand Why Lithium in Thailand Kanchanaburi Thailand the next lithium frontier? Phetchaburi • 942km2 held under SPLAs • 41 of the 65 SPLA have recorded lithium occurrences in DMR records • Extensive rich metalliferous belt • Matsa’s neighbours PAM ($86M MC) active at Phang Nga (Reung Prachuap Kiri
Slide 20: Phang Nga
Thailand Phang Nga Phang Nga • 443km2 under SPLAs • Mapped regional lithium occurrences near Reung Kiet township • Strike extensive fault system contiguous to granite/pegmatite emplacement • MAT holds SPLAs adjacent to PAM’s Reung Kiet project (see inset) • New mapping confirms Khao Po pegmatite swa
Slide 21: Khao Po pegmatite
Phang Nga Khao Po pegmatite Mapping this week has confirmed the Khao Po pegmatite swarm extends into Matsa SPLA Along strike of PAM’s Bang I Tum prospect Confirmed pegmatite - the tip of the iceberg ?
Slide 22: Copper / gold / silver / lead
Loei Fold Belt - Thailand Copper / gold / silver / lead Phu Kham 450Mt Cu, 3.5Moz Au, Loei Fold belt 30Moz Ag • Hosts world class Chatree (Au) and Phu Kham (Cu-Au) mines Kingsgate’s ($368M MC) • Siam and Chang copper projects discovered by Matsa Chatree Gold Mine • Thali polymetallic Au-Ag-Cu-Pb now
Slide 23: Siam / Chang
Loei Fold Belt - Thailand Siam / Chang Widespread anomalism identified by Matsa* • Copper anomalism at Siam discovered through stream sediment sampling defining ~20km2 anomaly • Surface chip sampling returned peak assays of copper grades up to 45% Cu and 123 g/t Ag and 54.7% Cu and 148g/t Ag • Nativ
Slide 24: Thali – 5km strike anomalism
Source: Venture Minerals website Loei Fold Belt - Thailand Thali – 5km strike anomalism Gold – Silver dominant polymetallic anomalism Thali • Newly acquired SPLAs • Located in highly prospective Loei Fold Belt which hosts Kingsgate’s Chatree Gold Mine ($368M MC) • Explored by Venture Minerals* up to
Slide 25: Summary of Upcoming Exploration
Matsa Summary of Upcoming Exploration Multiple opportunities to generate shareholder value Lake Carey • High resolution ground mag at FF1, Fortitude East and Carmen • Extend soil surveys along Fortitude trend • Re interpret Fortitude North seismic with mag data • Finalise drill designs, regulatory a
Slide 26: Matsa's Investment Proposition
Investing in Matsa Matsa’s Investment Proposition • 553koz gold resource with line of sight to 1Moz • Impending $20M transaction – cash and share injection into the Company • Potential in-specie distribution of LGL shares – shareholder reward • Funding in place for Lake Carey and Thailand exploratio
Slide 27: Contact Us
Contact Us Paul Poli Executive Chairman reception@matsa.com.au 26
Slide 28: Appendix
& MATSA APPENDIX RESOURCES
Slide 29: Fortitude Gold Mine
Lake Carey: Fortitude Hub Fortitude Gold Mine Gold Resource of 489,000oz • 92,000m drilling at Fortitude delivering 489koz resource, exploration potential downdip remains • Resource represents 1.5km of a larger 14km anomalous gold trend including Fortitude North, Fortitude South and Stealth • Rising
Slide 30: Fortitude North
Lake Carey: Fortitude Hub Fortitude North New mag high anomaly – not drill tested 379,000-600,000oz exploration potential • 66 line km ground magnetic survey completed in September 2021 • NE (45o) and NNW (350o) structures interpreted (ongoing) • Apparent jogs in anomaly appear coincident with inter
Slide 31: Bindah
Lake Carey: Fortitude Hub Bindah Near term development option • Located 2km south of the Fortitude Gold Mine • Simple, single lode of mineralisation with relatively consistent strike extent hosted in Bindah Shear Zone • Historically mined in two campaigns with high oxide grades of 6.8g/t Au - 7.5g/t
Slide 32: Bindah Trend – BE1 to BE4
Lake Carey: Central and Fortitude Hubs Bindah Trend – BE1 to BE4 Prospectivity • NW extension of Bindah/Gallant resources • BE1-2 - brittle-ductile systems associated with intrusives – Granny Smith type? • BE3-4 – classic goldfields mafic related mineralisation • Visible gold intersected in very fir
Slide 33: Fortitude & Bindah Trends
Lake Carey: Fortitude Hub Fortitude & Bindah Trends Extensive Underexplored Anomalous Gold Trends • Large and regionally significant anomalous structures • Fortitude trend - 60km of anomalous strike • Bindah trend - 34km of anomalous strike • Shear/fault structures associated with strong magnetic fe
Slide 34: Regional Exploration
Lake Carey Regional Exploration World class setting • 385km2 high quality area in north-east goldfields region surrounded by world class mines • Multiple corridors along an extensive 94km of strike • Focus on resource growth targeting +1Moz baseline • Fortitude, Bindah and Wilga trends to deliver bu
Slide 35: Commodity Prices
Markets Commodity Prices Source: https://tradingeconomics.com/commodity