Metal Bank Ltd · ASX:MBK
Metal Bank — Investor Presentation (September 2016)
36 slides from Metal Bank's investor presentation, Sep 19, 2016
Slide 1: Growth After Discovery
For personal use only GROWTH AFTER DISCOVERY SEPTEMBER 2016 ASX: MBK 1
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer For personal use only Purpose of this document This presentation has been prepared by Metal Bank Limited (MBK) in relation to an offer to subscribe for ordinary shares in MBK (Shares) made to eligible institutional and sophisticated investors (Offer). It does not
Slide 3: Investment Highlights
Investment Highlights the opportunity For personal use only The right commodity - gold Experienced Board and management with a proven track record of gold resource discovery and development The right asset - the Triumph Project: drilling success to date has created an excellent platform to build
Slide 4: Who Are We
Who Are We discovery driven growth For personal use only Metal Bank Limited is an ASX listed minerals exploration company (ASX:MBK) Core focus is creating value through a combination of exploration success and quality project acquisition Key projects are the Triumph and Eidsvold Gold Projects sit
Slide 5: Our Business - Gold
Our Business - Gold discovery driven growth For personal use only Triumph Project - Two near surface high grade gold discoveries in 2016 New Constitution – 10m @ 26.9g/t Au, 165g/t Ag, 6% Zn from 51m (open) Bald Hill - 15m @ 10.3g/t Au, 76g/t Ag, 0.5% Cu from 9m 14m @ 2.6g/t Au, 34g/t Ag, 1.1% Cu fr
Slide 6: Triumph Project
Triumph Project the opportunity - first mover advantage For personal use only High grade gold discovery – demonstrated from recent drilling Potential for further discoveries – only two targets tested so far High grade and bulk tonnage gold potential – substantial upside Intrusion related gold system
Slide 7: Corporate Overview
Corporate Overview Metal Bank Limited For personal use only 12 month share chart ASX: MBK 0.04 shares 509.6M 0.02 high grade gold intersected options 15M in drilling June 2016 share price* $0.038 50M cash at bank** $0.36M market cap $19M Board and Management *as at 12 Sept 2016 Inés Scotland Non-exe
Slide 8: Our Team
Our Team discovery – financing – development – M&A For personal use only Inés Scotland Over 25 years in the mining industry – founding shareholder and MD of Citadel through its massive Chair growth during the discovery/development of the Jabal Sayid copper project in Saudi Arabia and $1.3B sale in
Slide 9: Triumph Programme
Triumph Programme proposed exploration For personal use only Drilling – 12 mths Next 6 months – 5,000m of drilling (RC and diamond), electrical geophysics (EM orientation). Bald Hill, New Constitution, other priority targets 6 to 12 months – 6,500m of drilling (RC and diamond) Targeted Outcomes – 12
Slide 10: Other Programmes
Other Programmes proposed exploration For personal use only Eidsvold Project Large intrusion related gold system undercover surrounding the historical Eidsvold goldfield (100,000 oz production circa. 1900’s). Entire intrusive complex (250km2) secured under tenure and underexplored. Programme - Geoph
Slide 11: Summary
Summary Metal Bank Limited For personal use only Low cost gold opportunity in growth phase A high quality project with big upside backed by a team who has delivered before Potential for significant uplift in value through further discoveries, resource definition and development Additional ex
Slide 12: Important Information - Risk Factors
Metal Bank Limited important information For personal use only Risk Factors Exploration for minerals is both speculative and subject to a wide range of risks and, unless MBK makes a commercial discovery, potential investors may lose the entire value of their investment. Risk factors that could affec
Slide 13: Overview - Assets and Company
Metal Bank Limited overview – assets and company For personal use only Section 2 – Assets and Company 13
Slide 14: Our Business - Gold: Established Gold Province
Our Business - Gold established gold province For personal use only The South East Queensland mining corridor has historically proven the opportunity to: define near surface high grade gold deposits with low mining costs define large bulk tonnage gold deposits in an area with good infrastructure
Slide 15: Triumph Project Upside
Triumph Project Upside intrusion related gold system For personal use only Large deposit examples in Qld 18Moz Au established gold producing district, close to excellent infrastructure Section 2 – Assets and Company 15
Slide 16: Triumph Project Discovery History
Triumph Project discovery history – the journey so far For personal use only 2009 Exploration Strategy Targeted ‘unloved’ historical goldfields that could be overlooked intrusion related gold systems in Eastern Australia 2010 Secured Tenure Created a watch list of opportunities and secured a number
Slide 17: Triumph Project Underexplored Gold System
Triumph Project underexplored gold system For personal use only 15km2 Triumph grade gold camp – dominantly concealed by shallow cover Under cover areas are highly prospective First under cover drilling intersected high grade gold at Bald Hill High grade gold intersected under historical workings at
Slide 18: Bald Hill
Bald Hill 2016 – first high grade discovery For personal use only Bald Hill – high grade gold discovery 15m @ 10.3g/t Au, 76g/t Ag, 0.5% Cu from 9m including 4m @ 34.2g/t Au, 220g/t Ag, 1.4% Cu from 14m Section 2 – Assets and Company 18
Slide 19: Bald Hill
Bald Hill near surface high grade gold – target at depth For personal use only 3D IP geophysical model – 3D oblique view 3D IP Untested target - extension of near surface mineralisation to depth as a ‘pipe’ / feeder zone target Section 2 – Assets and Company 19
Slide 20: New Constitution
New Constitution 2016 – second high grade discovery For personal use only New Constitution – follow-up programme 10m @ 26.9g/t Au, 165g/t Ag and 6% Zn from 51m (open) incl. 7m @ 36.3g/t Au, 220g/t Ag and 7.9% Zn from 51m (open) Follow-up of 4m @ 5.3g/t Au and 3m @ 3.7g/t Au in oxide zone, could indi
Slide 21: New Constitution
New Constitution near surface high grade gold For personal use only Section A-AI Collectively 3km of untested targets - Only 14 holes for 270m completed on New Constitution prospect Section 2 – Assets and Company 21
Slide 22: Triumph Gold Project Multi-Million Ounce Upside
Triumph gold project multi-million ounce upside For personal use only Bulk tonnage gold High grade gold Two targets drilled to date Near surface high grade gold discovered High grade leakage of Bulk tonnage style something LARGE? potential associated with causative intrusive Section 2 – Assets
Slide 23: High Grade Gold Results
High Grade Gold Results near surface For personal use only Triumph Project - Two near surface high grade gold discoveries in 2016 New Constitution 10m @ 26.9g/t Au, 165g/t Ag, 6% Zn from 51m (open) (TDH056) (05 Sept 2016) Prospect incl. 7m @ 36.3g/t Au, 220g/t Ag, 7.9% Zn from 51m Bald Hill Prospect
Slide 24: Looking Forward
Looking Forward Triumph programme 6 months For personal use only The next 6 months Drilling (5,000m RC and 2,000m DD) 50% Targeting near surface high grade gold resources – New Constitution and Bald Hill) 40% other priority targets (Advance, Handbrake Hill, Cattle Ck) 10% bulk tonnage targets
Slide 25: Looking Forward
Looking Forward Triumph programme 6 to 12 months For personal use only The next 6 to 12 months – Drilling (5,000m RC and 1,500m DD) 50% Defining near surface high grade gold resources – JORC resource 30% Deeper drilling of well defined high grade zones 10% other priority targets 10% bulk ton
Slide 26: Looking Forward
Looking Forward Triumph targeted outcomes For personal use only Open Pit scenarios – define near surface resources Underground scenarios - Commencement of deeper drilling of high grade gold zones Section 2 – Assets and Company 26
Slide 27: Eidsvold Project
Eidsvold Project past production (100,000oz) early 1900’s For personal use only 18Moz Au established gold producing district Section 2 – Assets and Company 28
Slide 28: Eidsvold Project
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 29: Eidsvold Project
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 30: Our Story So Far
Metal Bank Limited our story so far For personal use only 2011 ASX IPO 2013 Change of Board and management. New cornerstone investors. Acquired 100% of Roar Resources Pty Ltd which owned the Triumph and Eidsvold projects 2014 – 2015 Evaluation of exploration opportunities in Australia (Triumph an
Slide 31: Our Team
Our Team discovery – financing – development – M&A For personal use only Ms Scotland has worked in the mining industry for over 20 years for large scale gold and copper companies in Australia, Papua New Guinea, USA Inés Scotland and the Middle East. This has included working for Rio Tinto companies,
Slide 32: Our Team
Our Team discovery – financing – development – M&A For personal use only Sue-Ann Higgins Ms Higgins is an experienced company executive who has worked for over 25 years in the mining industry including in senior legal and commercial roles with ARCO Coal Australia Inc, WMC Resources Ltd, Oxiana Limit
Slide 33: Corporate Responsibility
Metal Bank Limited corporate responsibility For personal use only Corporate Governance Board is responsible for corporate governance Committed to the highest standards of ethical behaviour and accountability Company has adopted and reports against the third edition of the ASX Corporate Governa
Slide 34: Contact Us
Metal Bank Limited contact us For personal use only ASX Code: MBK www.metalbank.com.au Tony Schreck Director +61 419 683 196 tony@metalbank.com.au “Go out and find me 100,000oz Au….. ……….and then grow it to 10Moz Au” Section 2 – Assets and Company 34
Slide 35: Appendix: Risks
Appendix risks For personal use only General Exploration for minerals is both speculative and subject to a wide range of risks and, unless MBK makes a commercial discovery, potential investors may lose the entire value of their investment. Risk factors that could affect the financial performance, fu
Slide 36: Appendix: Risks Continued
Appendix risks continued For personal use only Native Title and land access The existence of native title and/or native title claims in relation to the land the subject of MBK’s tenements may have an adverse impact on MBK’s activities and its ability to fund those activities. MBK must also comply wi