Slide 1: Exploration Update Presentation cover letter
For personal use only 12 November 2015 The Manager Company Announcements ASX Limited Dear Sir, Exploration Update Presentation Please find attached an Exploration Update Presentation for Metal Bank Limited which will be made by Mr Tony Schreck, Executive Director at the Company’s Annual General Meet
Slide 2: Copper and Gold Projects Exploration Update
For personal use only COPPE R AND GOLD PROJE CTS E XPLORATION UPDATE NOV E MBE R 2015 ASX: M BK
Slide 3: Disclaimer
Disclaimer For personal use only Purpose of this document This presentation has been prepared by Metal Bank Limited (“MBK") for general information purposes only using the information available to MBK at the time of publication. No reliance The information contained in this presentation is not inves
Slide 4: Corporate Overview
Corporate Overview Metal Bank Limited For personal use only 12 month share chart ASX: MBK 0.02 shares 354.2M 0.01 options 15M 3M share price* $0.007 1M cash at bank** $0.3M market cap $2.5M Board and Management *as at 11 November 2015 Ines Scotland Chair **as at 30 September 2015 Tony Schreck Execut
Slide 5: Our Business is Copper and Gold
Our Business is Copper and Gold discovery and development For personal use only High grade copper in a World Class 13Mt copper district, Nevada, USA Intrusion related gold ± copper in an 18Moz gold district, Eastern Australia
Slide 6: Our Business is Copper and Gold - copper USA
Our Business is Copper and Gold copper - USA For personal use only Mason Valley Copper Project World Class copper district Centered on 4 historical high grade copper mines Overlooked by modern exploration Early drilling success by MBK in 2015
Slide 7: Our Business is Copper and Gold - gold Australia
Our Business is Copper and Gold gold - Australia For personal use only Eastern Australia Gold Projects 18Moz Au district Triumph and Eidsvold Projects centered on historical high grade gold mines Two high grade gold discoveries so far Success via new exploration models
Slide 8: Technical Management Team
Technical Management Team discovery and development track record For personal use only Inés Scotland (non-executive Chair) Over 25 years in the mining industry – Founding shareholder and MD of Citadel through its massive growth during the discovery/development of the Jabal Sayid copper project in
Slide 9: Strategy: reducing investment risks
Strategy reducing investment risks For personal use only Target Metal rich provinces Pro mining/development jurisdictions Long history of mining Nevada ‘Home of the Carlin style gold deposits’ Extremely attractive mining investment jurisdiction Global Investment Attractiveness - Fraser Institute
Slide 10: Mason Valley Copper Project
Mason Valley Copper Project world class copper district, Nevada For personal use only Yerington District - 13Mt Cu (12Mt Cu resources + 1Mt Cu production) Major District Players – Freeport/Quaterra JV, Entrée Gold, Nevada Copper Mason Valley Copper Project Pumpkin Hollow Mine (in construction) targe
Slide 11: Mason Valley high grade copper mines
Mason Valley Copper Project 4 high grade copper mines For personal use only Historical Production (1910 to 1931) – closure coincides with Great Depression 4 Historical Mines Total production ~4Mt @ 2.5% to 6% Cu
Slide 12: High grade copper in initial MBK drilling
Mason Valley Copper Project high grade copper in initial MBK drilling For personal use only Bluestone Mine • 42m @ 1.51% Cu from surface incl. 4m @ 3.52% Cu and 7m @ 2.69% Cu Malachite Mine • 16m @ 1.72% Cu from 54m incl. 8m @ 2.75% Cu Mason Valley Mine • Initial holes completed – Results awaited Co
Slide 13: Malachite Mine
Malachite Mine near surface high grade copper For personal use only High grade copper in initial drilling 300m of strike – open at depth Underground development accessible Bornite Chalcopyrite Underground channel sampling 5m @ 5.22% Cu
Slide 14: Mason Valley Mine
Mason Valley Mine targeting high grade extensions For personal use only No previous drilling Underground development and stopes still accessible Underground Stoping to 150m to 200m High grade copper ore Initial drilling to test down dip extension of high grade copper mineralisation
Slide 15: Skarns – vectors to porphyry systems
Mason Valley Copper Project Skarns – vectors to porphyry systems For personal use only Primary target – high grade copper skarn mineralisation Secondary target – bulk tonnage porphyry copper Use skarns as vectors towards the large porphyry copper systems Anaconda Yerington Pit (1952-1977) driving th
Slide 16: Triumph Project
Triumph Project discovery of a large gold system For personal use only Metal rich district +18Moz Au
Slide 17: Triumph Project: strategy paying off
Triumph Project strategy paying off For personal use only Identified an under-explored historical goldfield covering 1km2 – tenure secured 2010 Results now highlight a gold camp extending over 15km2 of which >90% is concealed by shallow cover (<10m) previously not recognised and precluding past
Slide 18: Triumph Project: limited previous drilling
Triumph Project limited previous drilling For personal use only High grade gold skirting the central magnetic low Structural Reconstruction Present Day 4m @ 10.5g/t Au from 31m including 1m @ 20.8g/t Au from 31m (NN06RC07) 1m @ 16.6g/t Au from 15m (NRC-16) Bald Hill Bald Hill 9m @ 3.6g/t Au from 114
Slide 19: Eidsvold Project
Eidsvold Project past production (100,000oz) early 1900’s For personal use only Metal rich district +18Moz Au
Slide 20: Eidsvold Project: fertile intrusive complex
Eidsvold Project fertile intrusive complex For personal use only 100,000oz historical goldfield hosted by intrusive basement exposed through sedimentary cover Alteration and structural targets defined in a 10km long corridor represent potential intrusive related gold systems Discovery of intru
Slide 21: Eidsvold Project: first mover advantage
Eidsvold Project first mover advantage / opportunity For personal use only Now opens up 250km2 of virtually unexplored, prospective fertile intrusive complex hosting historical goldfield Large ground holding secured Magnetite destruction an important targeting tool Potential for early succes
Slide 22: Mt MacKenzie Project
Mt MacKenzie Project porphyry target For personal use only
Slide 23: Mt MacKenzie Cu-Mo porphyry system
Mt MacKenzie Project Cu-Mo porphyry system For personal use only Target – bulk tonnage Cu-Mo ± Au system 3D view – Cu soil data Cu-Mo porphyry system defined by 1970’s ‘porphyry copper’ exploration – overlooked by modern gold exploration 100 – 500ppm Cu Cu-Mo typical metal association for many 5
Slide 24: Mt MacKenzie prospective metal zonation pattern
Mt MacKenzie Project prospective metal zonation pattern For personal use only Gold mineralisation is often found proximal 3D view – Cu soil data to the core in these styles of mineral systems gold target core 100 – 500ppm Cu 500 – 1000ppm Cu 3D view – Mo soil data gold target core from Blevin 2010
Slide 25: Summary: potential for a large prize
Summary potential for a large prize For personal use only A portfolio of Copper and Gold projects with excellent short to medium term upside Our Business is Mason Valley Project – Four overlooked high grade Gold and Copper copper mines Triumph Project – Targeting the ‘engine room’ of a large sys
Slide 26: Looking Ahead
Looking Ahead project execution and new opportunities For personal use only Positioned for Growth (organic and acquisition) A team solidly grounded in project execution and generation – access to a global network and project opportunities
Slide 27: Metal Bank Limited contact us
Metal Bank Limited contact us For personal use only ASX Code: MBK www.metalbank.com.au Tony Schreck Director 0419 683 196 tony@metalbank.com.au