Matsa Resources Ltd · ASX:MAT
Matsa Resources — RIU Sydney Resources Roundup 2023
31 slides from Matsa Resources's conference presentation, May 11, 2023
Slide 1: RIU Sydney Resources Roundup: Delivering Exploration Success
RIU Sydney Resources Roundup Delivering Exploration Success Matsa Corporate Presentation | May 11 2023 Paul Poli ASX:MAT
Slide 2: Disclaimer and Forward Looking Statements
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 3: Matsa Corporate Overview
Overview Matsa Corporate Overview Gold Resource* Resource Grade Top 20 Ownership DIRECTORS 886,000 oz 2.4 g/t 59% Paul Poli 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,
Slide 4: Gold focus with a twist of lithium
Matsa Gold focus with a twist of lithium Gold • Existing 886koz resource at Lake Carey Gold Project • Currently drilling at Fortitude North • Large 449km2 landholding in premier Laverton Gold district • Development studies ongoing at Devon Pit under JVA • Investigating processing options for Fortitu
Slide 5: Lake Carey
Lake Carey
Slide 6: Lake Carey.
Lake Carey.
Slide 7: Lake Carey
Lake Carey
Slide 8: Exploration Growth
Growth Exploration World class setting • 449km2 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 bulk of growth
Slide 9: Lake Carey Gold Project
Lake Carey Lake Carey Gold Project Prime location and 100% owned • 449km2 land holding with excellent mining infrastructure • Largest tenement package in Lake Carey area outside of Goldfields and AngloGold • Adjacent to AngloGold’s Sunrise Dam operations Regionally significant Resources • Significan
Slide 10: Fortitude Gold Mine
Mining Fortitude Gold Mine Fortitude Open Pit delivers A$95M* • 1km long open pit down to 190m depth • Granted Mining Lease with approved Mining Proposal allowing immediate start of mining • Mining study outlines production of 132,000oz across 30 months generating >A$95M surplus (@ A$2,400/oz) • Stu
Slide 11: Devon Pit
Mining Devon Pit Devon Open Pit delivers A$40.5M • Subject of a 50/50 non recourse joint venture with Linden Gold Alliance • Prepayment of $4M received by Matsa under JVA • Cash surplus of A$40.5M* at A$2,250/oz sale price ($2,000 optimisation) • Expected 12-month mine life • Granted mining lease •
Slide 12: Fortitude North
Growth through exploration drilling Fortitude North April drilling results coming in • Visually, mineralised volume has “more than doubled” • Substantial thickness increase to the east • Mineralised width significantly extended east from new drilling • Assays pending in 10 holes • Further drilling p
Slide 13: Fortitude North drilling
Growth through exploration drilling Fortitude North drilling Fortitude North will add significant ounces to the Lake Carey gold resource in the near term • April 2023 drilling has so far returned: o 19m @ 2.78g/t Au from 166m (partial hole) o 11m @ 3.79g/t Au from 108m • January 2023 drilling has re
Slide 14: Fortitude North drilling
Growth through exploration drilling Fortitude North drilling Assays for further 5 holes are still outstanding and expected in the near term Results released this morning include: • 14m @ 3.4g/t Au from 113m incl. 6m @ 5.1g/t Au from 113m • 35m @ 3g/t Au from 150m incl. 4m @ 6.5g/t Au from 153m; and
Slide 15: Western Granite tin / lithium belt - Thailand
Pink Panther (Kanchanaburi) lithium pegmatite outcrop striking to the NE Western Granite tin / lithium belt - Thailand
Slide 16: Thailand and lithium
New lithium story begins Kanchanaburi Thailand and lithium Investing in Thailand is Good Timing TODAY Ratchaburi • Arguably, Matsa holds the largest tenement applications for lithium exploration in south-east Asia • Excellent long term relationships with regulatory authorities • Matsa’s exploration
Slide 17: Kanchanaburi – Pink Panther
Thailand lithium Pink Panther Kanchanaburi – Pink Panther Poly Panther Three new lithium prospects identified to date • 7 km strike of lithium bearing pegmatites identified • 3 key prospects identified (Pink Panther, Black Panther and Poly Panther) • LIBS analyser* has returned the following Li% rea
Slide 18: 7km strike of Lithium
Lepidolite Kanchanaburi lithium Pink Panther 7km strike of Lithium 1858 1858 Polylithionite area Black Panther 1858
Slide 19: Ratchaburi
Thailand lithium Ratchaburi A new lithium province • Multiple zones of lithium mica mineralisation identified • Bulk sample collected for characterisation test work with Yongxing Spotted Panther • Progressing SPLAs to granted SPL to enable exploration drilling • ETA drilling May-June 2023 • LIBS ana
Slide 20: Phang Nga - Rose Panther
Phang Nga - Rose Panther New discovery • Lepidolite identified over an area of approx. 4km x 1km • Coarse grained up to 40% rock mass volume • Whole rock assay results pending • Lepidolite mineral assayed at 3.45% lithium (7.4% Li2O) using LIBS analyser • Further field work needed to define lateral
Slide 21: Rose Panther
Thailand Rose Panther Rose Panther Lepidolite bearing outcrop Potential for DSO quality lepidolite from Rose Panther Whole rock analysis* (ALS) have returned assays of: • 1.77% Li2O (PNGRK013) • 2.91% Li2O (PNGRK014) • 2.57% Li2O (PNGRK021/1) • 2.35% Li2O (PNGRK021/2) • Mineralisation identified ove
Slide 22: Pink Panther Met Sample
Lithium Pink Panther Met Sample Pink Panther Black Panther
Slide 23: Met testwork summary
94.5% recovery 91.6% recovery Met testwork summary from raw ore from raw ore Lepidolite Polylithionite Polylithionite Lepidolite Pink Panther Black Panther Spotted Panther Rose Panther Floatation Concentrate 94.8% 85.6% 97.3% recovery from recovery from recovery from concentrate concentrate concentr
Slide 24: Met testwork gave impressive results
Met testwork gave impressive results Leaching Grade Recovery Sample solution Remark Mica type Li2O% rate (%) Li2O(g/L) Raw 1 (DSO) 1.65 9.82 94.5 Roasting is feasible Lepidolite Raw 4 (DSO) 2.44 12.34 91.06 Roasting is feasible Lepidolite Concentrate 1 4.04 16.4 94.8 Roasting is feasible Lepidolite
Slide 25: Point data results
Assay data Point data results* Province Sample type Assay Method Prospect SampleID Tenement Li% Li2O% Kanchanaburi Point data LIBS handheld analyser Pink Panther Pink Panther outcrop 1/2566 3.450 7.42 Ratchaburi Point data LIBS handheld analyser Spotted Panther Spotted Panther outcrop 1/2565 2.180 4
Slide 26: China and lepidolite
Mining and processing China and lepidolite Currently, four producers in Jiangxi province produce lithium from lepidolite: Yongxing Material, Jiangte Motor, Nanshi Lithium and Feiyu New Energy. A variety of technologies are used, primarily at the roasting stage. These are being continually advanced i
Slide 27: Infrastructure Setting
Infrastructure Setting Electrical • High tension electricity network throughout *Source ASX 22/04/2022
Slide 28: Infrastructure Setting
Infrastructure Setting Rail • The railway connecting Thailand, Lao, and China is operational and offering an additional cost-effective mean of ore delivery to China *Source ASX 22/04/2022
Slide 29: What has Matsa found so far?
Thailand lithium What has Matsa found so far? • 7km x 2km lithium anomalism at Kanchanaburi • 4km x 1km lithium anomalism at Phang Nga • 2km x 1km lithium anomalism at Ratchaburi • 2 x lepidolite prospects (Pink Panther and Rose Panther at Kanchanaburi and Phang Nga) • 2 x polylithionite prospects (
Slide 30: Timeline
Re rating catalyst Timeline Activity Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Linden Gold JVA pre payments ($4M) Corporate JVA Devon Pit feasibility and approvals JVA Devon Pit development approvals Magnetic surveys Fortitude North drilling Lake Carey Fortitude North assays and modelling New
Slide 31: Contact Us
Contact Us Paul Poli Executive Chairman reception@matsa.com.au 31