Maronan Metals Ltd · ASX:MMA
Maronan Metals — Investor Presentation (April 2022)
31 slides from Maronan Metals's investor presentation, April 2022
Slide 1: Investor Presentation April 2022
I N V E S T O R P R E S E N TAT I O N APRIL 2022 EXPLORATION COPPER | GOLD | COBALT SILVER | LEAD | ZINC P R O P O S E D A S X C O D E : M M A
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer GENERAL These presentation materials (the Presentation Materials) have been prepared by Maronan Metals Limited (Company) as at 28/04/2022 and statements are current only as at that date. Information in the Presentation Materials remains subject to change without noti
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer JORC CODE The information in the Presentation Materials relating to exploration results, exploration targets, mineral resources and ore reserves has been reported by the Company in accordance with the 2012 Edition of the ‘Australasian Code for Reporting of Exploratio
Slide 4: Maronan Metals spin-out of Red Metal's Maronan Project
Maronan Metals Limited “MMA” is a spin-out of Red Metal Limited’s 100% owned Maronan Project – an advanced exploration play targeting two Tier 1 deposits in the proven Mount Isa terrain of Northwest Queensland. 4
Slide 5: Why Invest
Why Invest Substantial Resources of Lead-Silver and Copper-Gold in Proven High Pedigree Province • Maronan is one of Australia’s larger undeveloped deposits • Within only 40 metres of surface Significant Exploration Upside • Demonstrated scope for wide, higher-grade zones of lead-silver and copper-g
Slide 6: IPO Details
IPO Details Capital Structure Use of Funds Shares on Issue IPO 150M Exploration Programs/Drilling $11.0M IPO subscriber options (1:3 unlisted) 1 25M Corporate/administration $1.5M Red Metal shareholder bonus options 1 25M RDM reimbursement $0.5M Advisor options1 3M Expenses to the Offer $0.9M Direct
Slide 7: Board of Directors
Board of Directors Mr Simon Bird Mr Richard Carlton Mr Robert Rutherford Non Executive Chairman Managing Director Non Executive Technical Director • Over 30 years of • Mining engineer with over 40 • Geologist with over 35 years international corporate years technical and exploration experience in ba
Slide 8: Pedigree
Pedigree Located in Proven Carpentaria Zinc Province • Multiple “Tier 1” zinc-lead-silver deposits • Worlds most productive zinc-lead-silver terrain • Significant copper deposits Large/Giant Silver-Lead-Zinc Deposits • McArthur River (Tier 1) • Teena • Century (Tier 1) • Lady Loretta • Mount Isa (Ti
Slide 9: Project Overview
Project Overview Two Separate Mineral Systems • Bedded Cannington or Broken Hill-type lead-silver mineralisation • Partially overprinted by iron sulphide copper-gold type (ISCG) – similar to nearby Eloise Mine Significant JORC (2012) Inferred Resources • 30Mt @ 6.5% lead, 106g/t silver (3% lead COG)
Slide 10: Recent Success in the Region
Recent Success in the Region Carnaby - Greater Duchess Maronan Metals • 87m @ 0.9% copper from 190m at Nil Desperandum • Inferred Resource 30.8Mt @ 6.5% lead with 106 g/t silver • 41m at 4.1% copper, 0.5g/t gold from 287m at Nil Desperandum • Inferred Resource 11Mt @ 1.6% copper with 0.8 g/t gold •
Slide 11: Mineralisation
Mineralisation Bedded lead Cross cutting silica-pyrrhotite Exhalative Carbonate-Galena & Pelite Silica-Pyrrhotite & Silica-Chalcopyrite Banded, Folded and Marbled Crosscutting the Bedded Lead-Silver 11
Slide 12: Level Plans
Level Plans Multiple Laterally and Vertically Continuous Lead-Silver Horizons Surrounding a Central Pipe-like Body of Iron & Copper Sulphides Untested Exploration Target Northern Fold Copper Sulphides Central Fold Western Lead-Silver Zone Eastern Lead-Silver Zone -900mRL -600mRL -300mRL Ore lenses c
Slide 13: Exploration Upside
Exploration Upside Copper-Gold-Cobalt • Past exploration overshadowed by the large lead-silver resource • Opportunity to outline a continuous zone of copper-gold mineralisation from just 40 metres below surface. 0m RL • Potential for high value, supergene-enriched copper and gold ore (as acid solubl
Slide 14: Exploration Upside: Copper-Gold Pipe
Exploration Upside: Copper-Gold Pipe North South Copper Weathered copper potential as supergene enriched, high-value, acid soluble chalcocite Pyyrhotite >> Chlacopyrite 115m @ 0.8% Cu, 0.5 g/t Au, 149 g/t Co Increasing copper sulphides Pyrrhotite >> Increasing Au/Cu ratio at depth Chalcopyrite Chalc
Slide 15: Exploration Upside: Copper-Gold Pipe
Exploration Upside: Copper-Gold Pipe North South Copper – Gold Weathered copper potential as supergene enriched, high-value, acid soluble chalcocite Pyyrhotite >> Chlacopyrite 115m @ 0.8% Cu, 0.5 g/t Au, 149 g/t Co Increasing copper sulphides Pyrrhotite >> Increasing Au/Cu ratio at depth Chalcopyrit
Slide 16: Exploration Upside: Copper-Gold Pipe
Exploration Upside: Copper-Gold Pipe North South Copper – Gold – Cobalt Weathered copper potential as supergene enriched, high-value, acid soluble chalcocite Pyyrhotite >> Chlacopyrite 115m @ 0.8% Cu, 0.5 g/t Au, 149 g/t Co Increasing copper sulphides Pyrrhotite >> Increasing Au/Cu ratio at depth Ch
Slide 17: Maronan Lead-Zinc-Silver Geological Model
Maronan Lead-Zinc-Silver Geological Model Lead-Silver deposited at ancient seafloor possibly as a zoned exhalative vent system • Zonation provides exploration vectors • Predicts potential to zone to a thicker, semi-massive, Cannington-like deposit at depth towards the vent core? Undiscovered Vent Co
Slide 18: Exploration Upside: Cannington Analog
Exploration Upside: Cannington Analog Cannington Mine Long Section Lead - Silver - Zinc Vent Core? Vent Apron? 44Mt @11.6% Lead, 71Mt @ 4.9% Lead, 4.4% Zinc, 538g/t Silver 3.3% Zinc, 170g/t Silver Known Maronan Resource Cannington Mine Cross Section Undiscovered Vent Core? Zinc/Silver Enriched? Pote
Slide 19: Exploration Upside: Cannington Analog
Exploration Upside: Cannington Analog North South North South 19
Slide 20: Exploration Upside: Cannington Analog
Exploration Upside: Cannington Analog North South North South MRN7001 (Target Area 1) • 14.5m @ 11.1% Pb, 133g/t Ag from 501m • 10.0m @ 3.7% Pb, 135g/t Ag from 662m MRN7002 (Target Area 1) • 22.0m @ 4.9% Pb, 115g/t Ag from 479m Target 1 • 4.0m @ 3.3% Pb, 153g/t Ag from 510m Key Target Areas Target 1
Slide 21: Exploration Upside: Cannington Analog
Exploration Upside: Cannington Analog Sulphide Textures and Grades “Bonanza” Folded Bedded Apron Style 15.4%Pb, 378g/t Ag (MRN 14008) Bedded Apron Style 8.6%Pb, 175g/t Ag (MRN13002) Maronan Vent Core? 22%Pb 623g/t Ag Primary Bedded High grade Mineralisation, Possible Vent Core 22%Pb, 623g/t Ag (MRN
Slide 22: Regional Exploration: Copper-Gold
Regional Exploration: Copper-Gold Untested Regional Geophysical Targets • Ground electromagnetics and gravity for shallow copper-gold mineralisation Total Magnetic Intensity Ground EM - Channel 30 Residual Gravity Regional Geology Interpretation 22
Slide 23: District Plays
District Plays District Consolidation Plays • Eloise Mine1 12.5Mt at 2.8% Cu, 0.8g/t Au indicated/inferred resource JORC 2012 • Jericho2 9.1Mt at 1.4% Cu, 0.3g/t Au inferred resource JORC 2012 • Altia2 5.8Mt at 4.0% Pb, 40g/t Ag, 0.5% Zn inferred resource JORC 2004 • Sandy Creek 2.0Mt at 1.32% Cu, 0
Slide 24: Appendix
Appendix The company’s advanced geological model together with preliminary mining studies suggest the Maronan resources are potentially mineable and further targeted exploration is warranted. 24
Slide 25: Mine Studies
Mine Studies Surface Favorable Mining Parameters • Good geometry – steep dips • Multiple ore horizons • Good mining widths (average 9m for Pb-Ag, 13m for Cu-Au) • Excellent ground conditions, competent footwall and hangingwall rocks • Sulphide ore within 90 metres of surface • Proposed long hole sub
Slide 26: Cost Advantages
Cost Advantages Simple Processing • Coarse-grained lead-silver sulphides • Soft carbonate host to sulphides • Outstanding recoveries (92-95% Pb / 91-94% Ag) • Clean, high value concentrate (75% lead, 932g silver) • Coarse 212 micron grind • Low grinding index (BWI 8.4) • Low-cost processing • Low ec
Slide 27: Positive Future for Lead
Positive Future for Lead • Lead battery ahead on price / performance / greener / safer • EV’s using lead batteries for auxiliary functions • Gains in non-automotive stationary battery market • Continued lead battery innovations • In North America, old lead batteries 100% recycled, new batteries made
Slide 28: South32 and CRU Predict Strong Silver Demand
South32 and CRU Predict Strong Silver Demand Industrial Silver Use in Solar Panels to Drive Demand to 2040 • Two new Cannington mines need to be built each year to meet forecast industrial demand • Very few undeveloped, high-silver polymetallic projects available globally – Maronan is one of these S
Slide 29: Strong Copper Demand Outlook
Strong Copper Demand Outlook Decarbonisation to Accelerate Copper Demand • Rapid electrification of grids adds ~ 5Mt in copper by 2050 • Solar and wind generation consume 3-6 tonnes of copper per MW vs ~1 tonne per MW for thermal power generation • Electric vehicles ~ 80kg copper vs ~20kg in an inte
Slide 30: Contact
Contact Maronan Metals Limited Managing Director - Richard Carlton Level 15, 323 Castlereagh Street Sydney 2000 Mobile: +61 (0)402 298029 info@maronanmetals.com.au www.maronanmetals.com.au 30
Slide 31: Maronan Metals
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