Slide 1: Investor Presentation
Investor Presentation August 2021 A Western Australian exploration company focused on Gold and Nickel discovery ASX : MHK
Slide 2: Disclaimer
Disclaimer Confidential This investor presentation (Presentation) is strictly confidential and is intended for the exclusive benefit of the person to which it is presented. It may not be reproduced, distributed or passed on, directly or indirectly, to any other person or published, in whole or in pa
Slide 3: Gold and Nickel Focused Exploration in WA
GOLD AND NICKEL FOCUSED WSA JV EXPLORATION IN WA ✓ Highly prospective projects for gold and nickel sulphide in goldfields and Albany-Fraser regions ✓ Focused on early-stage discovery to generate maximum value growth ✓ Active exploration and drilling to provide strong news flow Strategic partnerships
Slide 4: Strategic Partners Secured
STRATEGIC PARTNERS SECURED ✓ WSA to earn up to 75% on Emu Lake, Kanowna WSA JV East and Fraser South Projects ✓ $7m over 5 years ➢ Stage 1: $3m over 3 years for 51% ➢ Stage 2: $4m over 2 years for 75% ✓ MHK free carried to decision to mine ✓ MHK retains gold rights on Goldfields projects ✓ WSA major
Slide 5: Directors and Management Corporate Snapshot
Directors and Management Corporate Snapshot DIRECTORS CAPITAL STRUCTURE Brett Lambert Non-Executive Chairman MHK Shares on issue 47,247,500 Mining Engineer +30 years experience. Current chairman of MCR and STN Will Belbin Managing Director Options on issue* 17,925,000 Exploration Geologist +20 years
Slide 6: Eastern Goldfields Projects
EASTERN GOLDFIELDS PROJECTS ➢ Active gold exploration programs at Kanowna East and Emu Lake ➢ +30,000m of aircore (AC) drilled since ASX listing (Nov-2020) ➢ Nickel exploration commenced at Berehaven Nickel Project – RC drilling to commence shortly ➢ Western Areas to commence AC drilling at Emu Lake
Slide 7: Gold and Nickel Targets
Kanowna East Project GOLD AND NICKEL TARGETS ➢8km from Kanowna Belle gold mine (>6.4 Moz Au) and only 25km from Kalgoorlie ➢10km south along strike from Silver Swan (historical production of 130kt @ 5.2% Ni) ➢Underexplored ➢Gold and nickel hits from historical shallow drilling ➢WSA Earning-in ➢MHK r
Slide 8: Kanowna East – Gold
Kanowna East – Gold NEW GOLD TARGETS IDENTIFIED Western Tiger prospect: ➢ Broad zones of gold - 8m @ 4.53g/t Au from 75m - 6m @ 1.54g/t Au from 54m mineralisation from AC drilling - 6m @ 1.19g/t Au from 57m ➢ 408 AC holes (~25,000m) drilled since Nov 2020 ➢ PoW approved for RC drilling to commence s
Slide 9: Kanowna East – Nickel
Kanowna East – Nickel UNDEREXPLORED ULTRAMAFICS ➢12km south and along strike of Poseidon Nickel’s Black Swan / Silver Swan Project ➢9km strike of prospective high-MgO rocks ➢Historical AC intersections: • 21m @ 1.0% Ni (from 8m to EOH) • 23m @ 0.75% Ni (from 16m) 9km • 14m @ 0.62% Ni (from 4m) 11 Ta
Slide 10: Emu Lake Project
Emu Lake Project GREENSTONE-HOSTED EXPLORATION TENURE ➢70km NE of Kalgoorlie 65km2 ➢WSA Earn-in, MHK retains gold rights ➢Underexplored – new auger gold anomalies untested ➢Fertile ultramafic belt - Binti nickel prospect located ~10km SSE, up to 18% Ni in drilling ➢Nickel and gold drilling to commen
Slide 11: Berehaven Nickel Project
Berehaven Nickel Project CONSOLIDATED TENEMENTS ➢Nickel Option with HRZ (July 21) expands project to ~95km2 ➢20km ESE of Kalgoorlie ➢2km north of Blair Nickel sulphide deposit (last mined 2008, 1.26Mt @ 2.6% Ni) ➢Ultramafic rocks under shallow cover ➢Limited historical nickel sulphide exploration ➢D
Slide 12: Norseman and Albany - Fraser Projects
Norseman and Albany - Fraser Projects Viking Gold Project (CHN Earn-In) ➢ High-grade gold system 30km ESE of Norseman Norseman East Project ➢ Located <10km from Norseman surrounded by gold deposits Fraser South Project (WSA JV) ➢ Large landholding 80km south of Nova-Bollinger, with untested CHN Earn
Slide 13: Viking Gold Project
Viking Gold Project CHN Earn-in ➢Tenement granted to MHK March 2021 ➢Large gold system discovered by AngloGold Ashanti in 2011 ➢Advanced prospects identified, with only shallow drilling to date ➢CHN spinoff to demerge Viking Project (Q4 2021) - IPO to renew gold focus at Viking ➢RC drilling planned
Slide 14: Viking Gold Project – Beaker Prospect
Viking Gold Project – Beaker 2 Prospect ➢EXTENSIVE ZONE OF HIGH GRADE SUPERGENE GOLD - 6m @ 64.0g/t Au from 50m - 4m @ 15.4g/t Au from 40m ➢BEDROCK UNTESTED - 3m @ 15.3 g/t Au from 28m - 11m @ 3.1g/t Au from 14m - 3m @ 8.2 g/t Au from 40m 15
Slide 15: Norseman East Project (MHK 100%)
Norseman East Project (MHK 100%) OPPORTUNITY FOR DISCOVERY IN WORLD-CLASS GOLD CAMP ➢New tenement granted July 2021 ~35km2 ➢5km north of Pantoro’s (ASX: PNR) Gladstone - Everlasting and Daisy gold deposits (current resources >250koz Au) PRIORITY TARGET AREA NO DRILLING ➢No gold exploration since 199
Slide 16: Fraser South Project
Fraser South Project CONSOLIDATED TENURE IN ALBANY-FRASER ➢40km strike of N-S trending metamorphic rocks under cover ➢Belt-scale prospectivity ➢Unexplored for Ni-Cu sulphides ➢The “Hawk Eye” feature - similar to that at Nova, visible in aeromagnetics ➢WSA Earning-In Fraser South Project ➢WSA to mana
Slide 17: Significant Activity and News Flow
Significant Activity and News Flow Project Mar Qtr 21 Jun Qtr 21 Sep Qtr 21 Dec Qtr 21 Kanowna East (Au) AC ✓ Lake AC ✓ RC drilling RC / AC Kanowna East (Ni) Targeting and approvals✓ Heritage surveys, RC drilling Emu Lake (Au) Geochem / Targeting ✓ AC drilling Emu Lake (Ni) Targeting and approvals ✓
Slide 18: Leveraged to Exploration Success
Summary LEVERAGED TO EXPLORATION SUCCESS ✓ Prospective Gold and Nickel projects in WA ✓ High-level of exploration drilling and news flow ✓ Strong partnerships with successful explorers WSA and CHN ✓ Up-to $9.75million JV expenditure with MHK free-carried on Nickel JV ✓ Tightly held with 47,247,500 s
Slide 19: www.metalhawk.com.au
www.metalhawk.com.au