New Murchison Gold Limited · ASX:NMG
New Murchison Gold — Shareholder Meeting (February 2022)
20 slides from New Murchison Gold's shareholder meeting presentation, Feb 25, 2022
Slide 1: Ora Gold Limited (ASX: OAU)
TORAGOLD LIMITED (ASxX.OAL) Advanced golel projects in Abbotts Greenstone Belt e>3 Higinyguaicle Grown Prince. with scoping) stucly, anal nearby ee five oll bbotts Lineaments “mineralised shear systems - Strong p prospect pipeline - ~Tramsylvanierand Abernethy. —— — ‘Baselmetall prospects - Govermen
Slide 2: Snapshot
Snapshot OAU 12 month share price (1.3-2.4c) Market 982.4M shares issued and 63.9M unlisted options (1.5-3.7c) $20M market capitalisation (24 February 2022) Top 20 shareholders hold 41% Board and Management hold 12% People Successful in growing companies and projects, large deposit discovery and del
Slide 3: Abbotts Greenstone Belt – targets
Abbotts Greenstone Belt – targets Under-explored, near-production gold projects, advanced exploration and resource drilling ▪ Strategy to commence early shallow production and drill to discover and expand gold and base metal deposits ▪ High likelihood for large gold and base metal deposits under tra
Slide 4: Advanced gold projects in Abbotts Greenstone Belt
Advanced gold projects in Abbotts Greenstone Belt Crown Prince (M51/886) • initial oxide open pit production target of 177,472t at 4.14g/t Au (22,444oz Au) • historical mine 29,400t at 21g/t Au yield • excellent underground potential with deepest drill intersection at 259m (8m at 22.3g/t Au) Lydia (
Slide 5: Lydia-Eclipse Lineament – multiple deposits under thin cover
Lydia-Eclipse Lineament – multiple deposits under thin cover • Crown Prince and Lydia deposits and adjacent prospects are associated with north-south mineralised shears close to a regional SW-NE fault • Crown Prince and Lydia Mining Leases are granted and ready for development preparation • All depo
Slide 6: Crown Prince - Shallow oxide/supergene and upside at depth
Crown Prince - Shallow oxide/supergene and upside at depth • Initial open pit production target of 177,472t at 4.14g/t Au • Gold mineralisation is controlled by north-south shear zones and associated with quartz veining in cross-faults and stockworks against competency contrast contacts • The Crown
Slide 7: Crown Prince Gold Project - positive scoping study outcome
Crown Prince Gold Project - positive scoping study outcome • Mineral Resource estimate (21Oct19) totals 479,000t at 3.6g/t Au for 56,000oz gold (JORC 2012) at +1.2g/t Au: • Indicated : 218,000t at 4.3g/t • Inferred : 261,000t at 3.1g/t • Scoping study supports initial mine development of shallow hig
Slide 8: Lydia Gold Project – mineralisation from surface to +200m
Lydia Gold Project – mineralisation from surface to +200m Lydia and Crown Prince Mining Leases on main road and 18km from Meekatharra, WA • Deposit is 1.5km to southwest of Crown Prince • Mining Lease (M51/889) granted 21 February 2022 • Gold associated with 80m wide ~north-south mineralised shear z
Slide 9: Lydia– shallow oxide and open primary gold mineralisation
Lydia– shallow oxide and open primary gold mineralisation OGGRC266 9-10m 794g/t Au • Mineralisation controls now better understood • Cross-structures focus high grade zones on main north-south structures • Targeting drilling to test eastern shallow zone and deeper western zone Long section (10m slic
Slide 10: Abbotts Lineament - gold mineralisation, open downdip
Abbotts Lineament - gold mineralisation, open downdip • Granted Mining Lease (M51/390) • Abbotts Gold Project historical production of 37,100t at 32g/t yield to maximum depth of 90m from 1-2m wide quartz veins, mostly from Eastern Shear Zone (1897-1908) • 1,700m strike length of 80m wide mineralised
Slide 11: Abbotts Lineament - recent drilling on new cross-structures
Abbotts Lineament - recent drilling on new cross-structures • North Mt Vranizan • 8m at 5.42g/t from 36m and 16m at 1.93g/t Au from 46m (OGGRC314) • South New Murchison • 4m at 3.85g/t Au from 41m (OGGRC310) • South Abbotts • 7m at 1.35g/t Au from 28m, 5m at 1.94g/t Au from 40m and 10m at 4.9g/t Au
Slide 12: Abbotts - open downdip and partially drilled to 170m
Abbotts - open downdip and partially drilled to 170m Historical mining Historical mining Interpreted mineralised units • Long section shows the brittle mafic/felsic unit hosting the main gold mineralisation is shallow-plunging to north • The ‘Pits’ are potential shallow pit development to be followe
Slide 13: Abernethy Shear Zone - recent drilling on new targets
Abernethy Shear Zone - recent drilling on new targets • Mineralised shear zone is over 7km long under cover • Partially drilled historically • Possible intrusive-related gold (IRG) in tonalite with mineralised wall contacts and associated structures • IRG deposits can be large • Currently awaiting a
Slide 14: Transylvania – excellent results
Transylvania – excellent results • Resource potential likely with further drilling • 5km along strike to south of Crown Prince and Lydia in similar setting: mineralised north-south shear and cross faults • Recent drilling results demonstrate high grade oxide potential: • 4m at 4.32 g/t Au from 49m i
Slide 15: Government Well - Gold and Base Metal Prospects
Government Well - Gold and Base Metal Prospects • Strong EM conductors indicate potential deposits under historical gold/copper workings and shallow historical drilling • Ora Gold drilling confirms gold (CVI) – 15m at 0.5g/t Au from 181m (OGGRC253) and anomalous base metals (CVG) • Deeper drilling r
Slide 16: Government Well - Gold and Base Metal Prospects
Government Well - Gold and Base Metal Prospects • Ora Gold drilling indicates that CVI is the more prospective conductor for base metal-associated gold mineralisation • Deeper drilling will test CVI below OGGRC253 in stronger part of the modelled EM conductor 16
Slide 17: Project pipeline and high prospectivity for gold / base metals
Project pipeline and high prospectivity for gold / base metals PRODUCTION: • Crown Prince Mining Lease granted, pre-development activities can commence, off-site processing arrangement to be negotiated RESOURCE DELINEATION: • Lydia (ML), Transylvania, Abbotts (ML) and deep Crown Prince (ML) PROSPECT
Slide 18: Disclaimer
Disclaimer This presentation has been prepared by Ora Gold Limited (Ora Gold) and contains background information about Ora Gold and its related entities current at the date of this presentation. The presentation is in summary form and does not purport to be complete or all-inclusive. It is for info
Slide 19: Competent Person Statement
Competent Person Statement Details in this report that pertain to Ora Gold Limited Exploration Results are based upon, and fairly represent, information and supporting documentation compiled by Mr Costica Vieru, a Member of the Australian Institute of Geoscientists and a full-time employee of the Co
Slide 20: Ora Gold Limited Contact Details
Ora Gold Limited Contact Details Registered Office Level 2 PO Box 333 47 Stirling Highway NEDLANDS NEDLANDS WA 6009 WA 6909 Telephone: +61 8 9389 6927 Email: info@ora.gold Website: www.ora.gold Listed on the Australian Stock Exchange Code OAU For further information contact: Philip Bruce 0412 409 55
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