Matsa Resources Ltd · ASX:MAT
Matsa Resources — RIU Explorers Conference 2020
26 slides from Matsa Resources's conference presentation, February 2020
Slide 1: A Vibrant and Growing Gold Producer in a World Class District
A Vib rant and Gro w ing Go ld Pro d ucer in a W o rld Class Dist rict February 2020 RIU Paul Poli Executive Chairman
Slide 2: Important Notice
IMPORTA NT NOTICE Disclaimer and Forward Looking Statements Competent Persons Statements This presentation has been prepared by Matsa Resources Limited (“Matsa” or the “Company”). Exploration Results It should not be considered as an offer or invitation or inducement to subscribe for or the The info
Slide 3: Corporate Overview
CORPORA TE OVERVIEW CORPORA TE SNA PSHOT TICKER SHARES ON ISSUE UNLISTED OPTIONS MARKET CAPITALISATION CASH AND LIQUIDS ASX:MAT 216.92 26.35M A$32.54M A$4.46M @ $0.17 - $0.25 @ $0.15 (18 Feb 2020) (31 Dec 2019) SIGNIFICA NT SHA REHOLDERS SHA REHOLDING ( A S A T 31 Jan 20 20 ) MA T: TW ELVE MONTH SHA
Slide 4: Why invest in Matsa?
W hy invest in Mat sa? Because w e’re o n t he m o v e! MA TSA RESOURCES INVESTOR PRESENTA TION 4
Slide 5: Western Australian Project Portfolio
W ESTERN A USTRA LIA N PROJECT PORTFOLIO Quality Tenement Package Red October Gold Mine 99,000 oz Au Fortitude Gold Mine 342,600 oz Au Lake Carey Gold Project 563km2 Symons Hill Nickel Project 56km2 Lake Rebecca Gold 20% JV 171km2 MA TSA RESOURCES INVESTOR PRESENTA TION 5
Slide 6: Matsa's Gold Resources
MA TSA ’S GOLD RESOURCES Build ing Go ld Reso urces at Lake Carey Build ing Go ld Reso urces at Lake Carey INDICATED INFERRED TOTAL RESOURCE Tonnes (kt) Au (g/t) Tonnes (kt) Au (g/t) Tonnes (kt) Au (g/t) Au (Oz) FORTITUDE * 2,945 1.8 2,503 2.1 5,449 2 342,600 RED OCTOBER ** 340 4.5 106 14.7 446 6.9
Slide 7: Lake Carey Gold Project
LA KE CA REY GOLD PROJECT World class gold mines nearby Sunrise Dam >10Moz Wallaby >7Moz Granny Smith >2Moz Pathway for 2020 and Beyond Red October underground mining continuing on potential long term basis Fortitude Stage 2 mining set to commence, forecast positive cashflow A$21.9M Devon gold minin
Slide 8: Proven Capacity to Mine Successfully
PROVEN CA PA CITY TO MINE SUCCESSFULLY Proven development capability - Red Dog Mine A$5.4M cash surplus, delivered on time and on budget - Fortitude trial mine A$700,000 cash surplus, excellent knowledge base for larger Stage 2 mine - Red October underground mining becoming longer term AngloGold Ash
Slide 9: Red October Gold Mine
RED OCTOBER GOLD MINE 100% Matsa owned and operated - Red October is a high-grade narrow vein structurally controlled gold deposit with significant exploration potential - Historical production of 342,000 oz gold at an average of 6.1g/t U/G Resource 85,000 oz @ 13.6 g/t gold - Mine has been fully op
Slide 10: Red October Gold Mine
RED OCTOBER GOLD MINE Matsa Red October gold production delivered to AGAA - Extensive development to access drives completed during December quarter will allow stoping of higher grade ore - Opening of new faces allows double shift and production volumes to increase Sept Qtr Dec Qtr Total Jan 2019 Ac
Slide 11: Red October Gold Mine
RED OCTOBER GOLD MINE Underground Mining Ongoing - Waste mining started April 2019 - Ore mining started June 2019 - Ore Delivery commenced July 2019 - Mining plan ~57,000t of ore at 5.6 g/t Au for 10,222 oz gold Mining Ongoing New 6 month Drill Programme t now Commenced - Targeting new high shoots -
Slide 12: High Grades at Red October Gold Mine
HIGH GRA DES A T RED OCTOBER GOLD MINE Diamond Drilling highly successful High grade results from previous round drilling Red October Shear Zone “ROSZ” 1.60m @ 36.90g/t Au 4.32m @ 16.30g/t Au 2.84m @ 15.95g/t Au 6.30m @ 4.54g/t Au ROSZ Bonanza grade intercepts North decline 0.81m @ 181.50g/t Au in H
Slide 13: Red October Gold Mine Infrastructure
RED OCTOBER GOLD MINE INFRA STRUCTURE MA TSA RESOURCES INVESTOR PRESENTA TION 13
Slide 14: Red October Gold Mine Mined Areas
RED OCTOBER GOLD MINE MINED A REA S MA TSA RESOURCES INVESTOR PRESENTA TION 14
Slide 15: Red October Gold Mine Future Mining Potential
RED OCTOBER GOLD MINE FUTURE MINING POTENTIA L MA TSA RESOURCES INVESTOR PRESENTA TION 15
Slide 16: Red October Gold Mine Significant Exploration Upside
RED OCTOBER GOLD MINE SIGNIFICA NT EXPLORA TION UPSIDE Substantial underground targets - Targets outside of the underground resource, already identified for diamond drilling - Drill targets such as Bruce Lode, Nemo and Eastern Breaks represent exciting targets for near mine mineralisation - Extensio
Slide 17: Fortitude Stage 2 Gold Mine Set to Proceed
FORTITUDE STA GE 2 GOLD MINE SET TO PROCEED - Trial Mine result provides high confidence of - Mine life has strong potential to grow from new gold resource and metallurgical recoveries optimisations - Feasibility and re-optimisations of Stage 2 now - Interest from nearby treatment plants increasing
Slide 18: Fortitude Stage 2 Gold Mine Mine Studies
FORTITUDE STA GE 2 GOLD MINE MINE STUDIES Stage 2 Mine Study Results Month surplus and cash flow $7,000,000 $25,000,000 - Total cash surplus A$21.8M $6,000,000 - 22 months open pit mine life $20,000,000 $5,000,000 - Production of 54,400 oz gold at 93% $15,000,000 recovery $4,000,000 $10,000,000 MONT
Slide 19: Fortitude Stage 2 Gold Mine Fine Tuning
FORTITUDE STA GE 2 GOLD MINE Stage 2 Mine Fine Tuning - Current gold price of A$2,350 oz, adds significant upside - All licences and permits in place and ready to go - Previous trial mine provides very high confidence of in-situ gold resource - Recent metallurgical studies confirm expected gold reco
Slide 20: Lake Carey - Exploration Upside
LA KE CA REY - EXPLORA TION UPSIDE 563km2 Quality Tenement Package - In the Laverton tectonic zone near world class gold mines - Considerable scope for regional exploration success, with early drilling demonstrating opportunities - Areas covered by salt lakes with little or no exploration now more a
Slide 21: Lake Carey - Fortitude North
LA KE CA REY- FORTITUDE NORTH New Diamond Intercepts include 4m @ 13.63 g/t Au from 79m incl 1m @ 10.2 g/t Au and 1m @ 42.9g/t Au 10.3m @ 3.48 g/t Au from 124.6m incl 6.5m @ 4.79 g/t Au incl 1m @ 13.9g/t Au Down-dip extension of previous high grade gold intercepts include 5m @ 5.46 g/t Au 8m @ 5.14
Slide 22: Lake Carey - Fortitude North
LA KE CA REY- FORTITUDE NORTH Only half of 1,500m gold anomaly drilled so far MA TSA RESOURCES INVESTOR PRESENTA TION 22
Slide 23: Devon Gold Mine
DEVON GOLD MINE Introducing the Devon Opportunity - Matsa resolved all previous boundary and relationship impediments via 100% acquisitions and this has made this discovery possible - All licences and permits in place and mining can be relatively quickly restarted - Potential exists for a sizable op
Slide 24: Devon Gold Mine
DEVON GOLD MINE Excellent First Drilling Results - Four out of five RC drillholes at the Devon mine produced excellent gold intercepts including: Main Lode 3m @ 35.03 g/t Au 19DVRC001 3m @ 5.93 g/t Au 19DVRC005 and 3m @ 1.56 g/t Au 3m @ 1.38 g/t Au 19DVRC002 Hanging Wall Lode 15m @ 20.78 g/t Au 19DV
Slide 25: Devon Gold Mine
DEVON GOLD MINE New short term mining opportunity MA TSA RESOURCES INVESTOR PRESENTA TION 25
Slide 26: Contact
Success in Mining and Exp lo rat io n w ill Deliver Shareho ld er Value CONTA CT Paul Poli Executive Chairman Suite 11, 139 Newcastle Street Perth, Western Australia 6000 +61 8 9230 3555 reception@matsa.com.au MA TSA RESOURCES INVESTOR PRESENTA TION 26