Gold Mountain Limited · ASX:GMN
Gold Mountain — Shareholder Meeting (November 2018)
23 slides from Gold Mountain's shareholder meeting presentation, Nov 30, 2018
Slide 1: AGM Presentation
AGM Presentation November 2018 Presenter: Rene Sterk ASX code: GMN
Slide 2: Disclaimer
DISCLAIMER This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may not be distributed in
Slide 3: Presentation Outline
PRESENTATION OUTLINE ▪ Company Overview ▪ Crown Ridge Prospect ▪ Company Structure and Key Personnel ▪ Sak Creek Prospect ▪ Key Achievements 2018 ▪ K-lam Prospect ▪ Wabag Project Summary ▪ Project Pipeline and Budget ▪ Mongae Creek Prospect ▪ Q&A
Slide 4: Company Overview
COMPANY OVERVIEW ▪ Gold Mountain Limited (GMN) is an Australian mineral exploration and development company listed on the ASX. ▪ Gold Mountain’s principal exploration project is in Papua New Guinea (PNG). ▪ Exploration licences cover an area of over 2000 km2 in one of the most underexplored regions
Slide 5: Key Personnel
KEY PERSONNEL STRONG TECHNICAL TEAM WITH RECORD OF DISCOVERY AND DEVELOPMENT Sin Pyng (Tony) Teng Douglas Smith René Sterk Patrick Smith Managing Director Exploration and In-Country Principal Consultant Consulting Exploration Manager Operations Director Mr Teng (B.Econ) has over 30 Mr Smith (B.Geo)
Slide 6: Share Structure
SHARE STRUCTURE GMN CAPITAL STRUCTURE Market cap at $0.080 undiluted $41.21m 52 week high $0.16 52 week low $0.073 Top Shareholdings % held Top 10 34.6% Board & Management Managing Director Sin Pyng (Tony) Teng Expertise in project development and corporate restructuring, as well as experience surro
Slide 7: Prime Location
PRIME LOCATION ▪ Gold Mountain’s Wabag project is located in the heart of the highly prospective, gold-copper endowed Papuan Mobile Belt. ▪ This orogenic belt is host to many world-class deposits including Porgera (24 Moz), Ok Tedi (17 Moz), Frieda River (17 Moz) and Hidden Valley (29 Moz). ▪ Despit
Slide 8: Exploration Licences
EXPLORATION LICENCES ▪ Gold Mountain holds a land area of over 2,000 km2, contained within six Exploration Licences (EL) and three Exploration Licence Applications (ELA). ▪ Before being secured by Gold Mountain, these licences were also under application by one of the world’s largest mining companie
Slide 9: Unexplored Lineament
UNEXPLORED LINEAMENT ▪ Two world-class mines adjacent to GMN tenements are positioned on or near large north-east trending structural lineaments. ▪ These orogen-scale lineaments are widely believed to focus heat, intrusives and fluid flow, thereby significantly increasing the potential for economic
Slide 10: PNG: An Attractive Destination for Mining Investment
PNG: AN ATTRACTIVE DESTINATION FOR MINING INVESTMENT ▪ Exceptional mining destination ▪ Based on prospectivity, sovereign stability, mining regulations and labour force availability, ▪ Major gold mine Porgera 75km away from GMN PNG is rated by the prestigious Fraser Institute tenements as being a mo
Slide 11: 2018 Key Achievements
2018 KEY ACHIEVEMENTS ▪ Drilled 2 diamond holes at Mongae Creek for 877 m which intersected a mineralised copper – porphyry system ▪ Completed a 19-hole diamond drilling programme at Crown Ridge for 2,768 m, showing secondary hydrothermal alteration of conglomerates ▪ Identified a new and exciting m
Slide 12: Mongae Creek
MONGAE CREEK ▪ Field work has identified abundant coarse, angular and crystalline gold in the drainage system of a small valley where local miners are consistently recovering alluvial gold. ▪ Classic porphyry-style alteration and veining were encountered during a mapping campaign of these creeks and
Slide 13: Mongae Creek
MONGAE CREEK ▪ A scout drill programme commenced in 2018. Two drill holes (MCD001 and MCD002) have been completed and assay results have been received. MCD001: ▪ Mineralisation was intercepted from 38 metres down to the end of hole at 521 metres below surface. The best intercept was 1m @ 243 g/t Ag,
Slide 14: Mongae Creek
MONGAE CREEK MCD002: ▪ Intercept: 93 m @ 0.12% Cu, 0.015 ppm Au, 63 ppm Mo. ▪ Mineralisation hosted in A-, B-, M- and D-type porphyry veins. ▪ Hosted in variably brecciated and altered tonalite. ▪ Significant increase in grade of Cu-mineralisation in MCD002 that that intersected by MCD001 which sugg
Slide 15: Crown Ridge
CROWN RIDGE ▪ Coarse, crystalline and dendritic gold is consistently being recovered from streams near the headwaters of the Crown Ridge river system. ▪ Dendritic gold typically forms when rock fracturing causes flash boiling of gold-bearing fluids. This process can result in extraordinarily high go
Slide 16: Crown Ridge
CROWN RIDGE ▪ A 19-hole diamond core drilling campaign totalling 3761.8 m has been completed in June 2018. ▪ The programme was designed to constrain the local stratigraphy, to obtain samples of hydrothermally altered and mineralised zones for petrographic analysis and to assess the geotechnical prop
Slide 17: Sak Creek
SAK CREEK ▪ Sak Creek is located in the valley adjacent to Mongae Creek, Geological reconnaissance of the area has identified mineralisation and alteration styles characteristic of porphyry-style mineralisation. ▪ Ridge and spur soil sampling at Sak Creek has resulted in identification of three dist
Slide 18: K-lam Discovery
K- LAM DISCOVERY ▪ K-lam, is located in the valley between Sak Creek and Mongae Creek, a recent reconnaissance programme at this prospect identified features which are indicative of porphyry- style mineralisation ▪ Elevated copper and gold mineralisation has been found in situ, in narrow copper vein
Slide 19: K-lam Discovery
K-LAM DISCOVERY ▪ Further high-resolution mapping and creek sampling is planned to link Sak Creek and Mongae Creeks, with detailed trenching of exposed outcrop. Au Cu Ag Zn Pb S As ppm ppm ppm ppm ppm % ppm Material A 0.11 9920 16.00 434 15.0 >10 163.5 Outcrop B 0.25 3420 8.25 94 16.3 9.34 78.2 Outc
Slide 20: Community Engagement
COMMUNITY ENGAGEMENT ▪ From the start of exploration work, Gold Mountain has invested in building strong relationships with local communities. ▪ Maintaining an open dialogue with surrounding tribes and actively working to inform communities about activities. ▪ Providing community support by building
Slide 21: Project Pipeline
PROJECT PIPELINE -Surface Geochemistry -Conceptual Geological “Aircore Drilling Model Decreasing Risk Milestone 3 Target defined Mongae Creek Crown Ridge -Bedrock Mineralisation -RC, Diamond +/- AC Drilling Increasing confidence -RC & Diamond Drilling ~RC & Diamond Drilling -Resource Modelling -Mode
Slide 22: Budget
BUDGET Timeline ▪ $2M required to complete: • The soil programs at Mongae / CR / Sak Creek and possible K- Ground Exploration Resource lam, (includes in-fill soils) • Mapping, petrology, geochemistry Exploration Drilling Drilling • Initial trenching to open up areas of anomalism defined by the soil
Slide 23: Competent Person's Statement & Reference to Previous Releases
COMPETENT PERSON’S STATEMENT & REFERENCE TO PREVIOUS RELEASES Competent Person’s Statement The information in this report that relates to Exploration Results is activity being undertaken to qualify as a Competent Person as based on information compiled by Doug Smith, a Competent Person defined in th