Nagambie Resources Limited · ASX:NAG
Nagambie Resources — Shareholder Meeting (November 2022)
34 slides from Nagambie Resources's shareholder meeting presentation, Nov 25, 2022
Slide 1: Annual General Meeting Presentation
AUSTRALIA’S NEXT HIGH- GRADE GOLD & ANTIMONY PRODUCER Annual General Meeting Presentation 25 NOVEMBER 2022 | ASX: NAG Drilling of NAD009 to NAD015 beneath the West Pit
Slide 2: Disclaimer
DISCLAIMER The material in this presentation has been prepared by Nagambie Resources Limited (“Company”). This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approva
Slide 3: Corporate Overview
CORPORATE OVERVIEW Register % Quoted shares Company ASX Code NAG PPT Nominees Pty Ltd 15.81% Share Price 1 AUD$0.075 Southern Cross Gold 9.71% Ordinary Shares on Issue ~528M Adare Manor Pty Ltd <Adare Manor Super 5.98% Fund A/C> Options on Issue ~75M Directors and Senior Management 5% Market Capital
Slide 4: Board of Directors
BOARD OF DIRECTORS Mining Engineer and MBA, Fellow of the AusIMM Michael Trumbull Over 40 years of broad mining industry experience with mines/subsidiaries including; MIM, Renison, WMC, CRA, AMAX, Nicron, ACM, ACM Gold and Beaconsfield Gold / BCD Resources Chairman One of the founding Director
Slide 5: Strategy
STRATEGY Shareholder Value Non – Gold Assets Develop and realise value Exploration assets O NGO ING D RILLING P RO GRAM B ENEATH AND W EST O F THE LEGACY O P EN P IT, INTERSECTING MASSIVE STIB NITE VIENS W ITH EARLY ASSAYS SHO W ING GO LD EQ UIVALENT GRAD ES ARE ECO NO MICALLY MINAB LE Discover gold
Slide 6: Exploration Projects
EXPLORATION PROJECTS Fosterville Gold Mine Whroo JV Nagambie Project Redcastle JV Costerfield Gold Mine Nagambie Mine Nagambie Gold Mine ASX: NAG | 6
Slide 7: Tenements
TENEMENTS Nagambie Resources holds: • 25 tenements totalling 3,082 sq km • 7 tenements in the Whroo JV totalling 179 sq km •HO3LDtenements ER O F MINING totalling LICENCE (O RIGINALLY ISSUED FO R THE NAGAMB IE HEAP LEACH GO LD MINE) W HICH O FFERS MAJ O R P RO J ECT D EVELO P MENT AD75 sq km in the
Slide 8: Tenements
TENEMENTS Fosterville Q1 2021 Au milled grade, 19.8 g/tFosterville Gold Mine (World’s highest) Costerfield Q3 2022 grade 11.9 g/t Au and 2.7% Sb Nagambie Gold Mine ASX: NAG | 8
Slide 9: Drilling of the C1 antimony-gold vein system
NAGAMBIE PROJECT HIGH-GRADE ANTIMONY-GOLD DISCOVERY D r illin g o f t h e C1 a n t im o n y -g o ld v e in s y s t e m From May to October 2022: • 16 diamond holes drilled • Total of over 4100m • Four stibnite veins identified in the C1 vein system ASX: NAG | 9
Slide 10: Massive stibnite veining
NAGAMBIE PROJECT HIGH-GRADE ANTIMONY-GOLD DISCOVERY Massive stibnite veining Massive Stibnite Veining in NAD009 Massive Stibnite Veining in NAD009 and NAD010 Costerfield Gold Mine ASX: NAG | 10
Slide 11: C1 vein system
NAGAMBIE PROJECT HIGH-GRADE ANTIMONY-GOLD DISCOVERY C1 vein system Costerfield Gold Mine Nagambie Gold Mine ASX: NAG | 11
Slide 12: Growing number of minable high-grade intercepts in C1
NAGAMBIE PROJECT HIGH-GRADE ANTIMONY-GOLD DISCOVERY Growing number of minable high-grade intercepts in C1 Costerfield Gold Mine Nagambie Gold Mine ASX: NAG | 12
Slide 13: More stopable high-grade intersects are likely
NAGAMBIE PROJECT HIGH-GRADE ANTIMONY-GOLD DISCOVERY More stopable high-grade intersects are likely Logged Stibnite in C1 Veins (Assays Pending) Diamond From (m) To (m) Downhole Visual Logging Notes Hole Length (m) NAD012 132.85 132.91 0.06 60mm vein, 90% stibnite NAD012 401.6 403.5 1.9 stibnite vein
Slide 14: Possibility of multiple North-South stibnite vein systems
NAGAMBIE PROJECT HIGH-GRADE ANTIMONY-GOLD DISCOVERY Possibility of multiple North-South stibnite vein systems Schematic only (slide animated) ASX: NAG | 14a
Slide 15: Possibility of multiple North-South stibnite vein systems
NAGAMBIE PROJECT HIGH-GRADE ANTIMONY-GOLD DISCOVERY Possibility of multiple North-South stibnite vein systems Schematic only (slide animated) ASX: NAG | 14b
Slide 16: Possibility of multiple North-South stibnite vein systems
NAGAMBIE PROJECT HIGH-GRADE ANTIMONY-GOLD DISCOVERY Possibility of multiple North-South stibnite vein systems Schematic only (slide animated) ASX: NAG | 14c
Slide 17: Possibility of multiple North-South stibnite vein systems
NAGAMBIE PROJECT HIGH-GRADE ANTIMONY-GOLD DISCOVERY Possibility of multiple North-South stibnite vein systems Schematic only (slide animated) ASX: NAG | 14d
Slide 18: Possibility of multiple North-South stibnite vein systems
NAGAMBIE PROJECT HIGH-GRADE ANTIMONY-GOLD DISCOVERY Possibility of multiple North-South stibnite vein systems C1 C2? Schematic only (slide animated) ASX: NAG | 14e
Slide 19: Possibility of multiple North-South stibnite vein systems
NAGAMBIE PROJECT HIGH-GRADE ANTIMONY-GOLD DISCOVERY Possibility of multiple North-South stibnite vein systems C1 C2? C…. C…. C…. Schematic only (slide animated) ASX: NAG | 14f
Slide 20: Importance of a granted mining licence in Victoria
NAGAMBIE PROJECT IMPORTANCE OF A GRANTED MINING LICENCE IN VICTORIA A TREMENDOUS ADVANTAGE • Originally issued for the Nagambie Heap Leach Gold Mine that operated in the 1990s • Previous mining land uses make the Nagambie Mine site an ideal location for new mining activity • Already having the licen
Slide 21: Nagambie Project longer term goal
NAGAMBIE PROJECT HIGH-GRADE ANTIMONY-GOLD DISCOVERY Q1 20 23 Q3 20 23 Drilling to identify C2, C3, Exploration and C…. vein systems permitting • Reposition drill rig to the west of the West Pit and • Continue drilling to the SW of the West Pit LO NGER TERM GO AL drill east to intersect known stibnit
Slide 22: Antimony is a critical mineral
ANTIMONY ANTIMONY IS A CRITICAL MINERAL Antimony alloys with lead and tin which Antimony features highly on results in improved properties for solders, the critical minerals lists of ammunition, bearings and batteries. many countries Antimony is a prominent additive for halogen- containing flame ret
Slide 23: Antimony value chain
ANTIMONY ANTIMONY VALUE CHAIN Costerfield accounts for 100% of Australia’s antimony concentrate production ASX: NAG | 18
Slide 24: Antimony
ANTIMONY Costerfield Gold Mine ASX: NAG | 19
Slide 25: Antimony
ANTIMONY Costerfield Gold Mine ASX: NAG | 20
Slide 26: Antimony key themes
ANTIMONY ANTIMO NY KEY THEMES 1. Supply side constraint expected to ease slightly The price of Antimony has risen 233% since Q1 2020 to Q2 2022. • Scheduled commencement of the Tajikistan TALCO-Huaya project in 2023 will provide approx. 15,000 tpa Sb of additional supply • This will offset the stopp
Slide 27: Whroo JV
WHROO JV 40% OR 30% NRL OWNERSHIP AT NRL’S DISCRETION (CURRENTLY 100%) ASX: NAG | 22 22 22
Slide 28: Redcastle JV
REDCASTLE JV 30% NRL OWNERSHIP Mine lease extension of Costerfield Redcastle JV Nagambie Gold Mine ASX: NAG | 23
Slide 29: Nagambie Mine as a regional centre for Au & Sb production
NAGAMBIE MINE AS A REGIONAL CENTRE FOR AU & SB PRODUCTION • NRL and GCM have formed a JV to develop and operate a nominal 180,000 tonnes per annum toll treatment facility. • Fully permitted. • GCM is finalising financing. Operation is due to commence in Q4 2023. • Initial ores for the TTP will be fr
Slide 30: Mineralised ore bioleaching project
NAGAMBIE MINE AS A REGIONAL CENTRE FOR AU & SB PRODUCTION Mineralised Ore Bioleaching Project Nagambie Resources, together with JV partner GCM, is investigating new ways the residual gold from historical cyanide heaps can be recovered using naturally-occurring bacteria Stage 1 of the project was com
Slide 31: Realising value from non gold assets: PASS project
REALISING VALUE FROM NON GOLD ASSETS PASS PROJECT • NRL has an EPA-approved Environment Management Plan to store PASS in the legacy water-filled pits at the Nagambie Mine as part of the proposed rehabilitation of those pits. • Best practice management of large volumes of wet PASS • NRL remains a PAS
Slide 32: Realising value from non gold assets: Gravel
REALISING VALUE FROM NON GOLD ASSETS GRAVEL • A local construction contractor is producing, marketing and selling quarry materials from overburden stockpiles, and paying a royalty to Nagambie Resources for each tonne of material sold. Costerfield Gold Mine ASX: NAG | 27
Slide 33: Realising value from non gold assets: Sand
REALISING VALUE FROM NON GOLD ASSETS SAND • In 2010, air core drilling in an area west of the West Pit on freehold land and within the mining licence, identified sand with significant potential for commercial extraction. • Work completed to date includes: • Review of methods to extract this material
Slide 34: Contact
CONTACT 533 Zanelli Road PO Box 339 Nagambie VIC 3608 +(03) 5794 1750 www.nagambieresources.com.au ASX: NAG | 29
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