Classic Minerals Ltd · ASX:CLZ
Classic Minerals — International Precious Metals & Commodities Show 2019
25 slides from Classic Minerals's conference presentation, Nov 8, 2019
Slide 1: ASX Announcement: Precious Metals & Commodities Show Presentation
ASX Announcement ASX: CLZ ACN 119 484 016 08 November 2019 The Manager, Company Announcements Office, Australian Securities Exchange Limited, Level 40, Central Park, 152-158 St George’s Terrace, PERTH, WA, 6000. Dear Sir/Madam, International Precious Metals & Commodities Show Investor Presentation C
Slide 2: Classic Minerals Limited
STRICTLY CONFIDENTIAL CLASSIC MINERALS LIMITED Discovering high-grade gold deposits in Australia’s world-class Forrestania Belt November 2019
Slide 3: Investment Snapshot – CLZ.ASX
Investment Snapshot – CLZ.ASX A Perth based gold mining and exploration company exploring elephant country Exploring the Forrestania Gold Project (FGP) located in the heart of the highly prospective WA Southern Cross – Forrestania Greenstone Belt, known gold endowment of >10Moz Existing FGP JORC 201
Slide 4: Corporate Overview
Corporate Overview Positioned to become a substantial gold player Capitalisation Data(1) LTM Share Price and Volume(1) A$/share Volume (M) Share Price A$ 0.003 0.005 40.00 Basic S/O M 5,581 35.00 0.004 Market Cap A$M 16.7 30.00 25.00 Cash on Hand(2) A$M 1.05 0.003 20.00 Debt(3) A$M 0.80 0.002 15.00
Slide 5: Management Overview
Management Overview A strong, diversified team with extensive experience in the exploration of gold in Western Australia Executive Management & Advisors • Geologist with 30+ years experience in Australia and overseas across all aspects of the industry in the gold and advanced minerals sectors Dean G
Slide 6: FGP Overview
FGP Overview In the heart of a world class gold, lithium & nickel province within close proximity to key infrastructure • Located within the well endowed Forrestania Greenstone belt, ~120km south of Southern Cross, WA, and 17km southwest of historic Bounty Mine • Consists of a number of granted expl
Slide 7: FGP – Recent Success
FGP – Recent Success Kat Gap Drilling Recent Drill Results at Kat Gap(1) • Recent Drilling of 106 holes for +8,000m shows that • 9m @ 20.94 g/t Au from 123m, incl. 1m @ 125.00 g/t from 126m high-grade gold mineralisation has effectively • 7m @ 24.34 g/t Au from 24m, incl. 1m @ 78.50 g/t Au from 25 m
Slide 8: Kat Gap – Overview of Deposit
Kat Gap – Overview of Deposit High grade, shallow ore deposit located ~70km south-south east from Lady Magdalene and Lady Ada • Obtained the option to acquire Kat Gap tenements E74/422 and E74/467 in April 2017 and completed the acquisition in January 2019 • An early resource estimate for by Sons of
Slide 9: Kat Gap – August 2019 Drill Highlights
Kat Gap – August 2019 Drill Highlights(1) Significant high grade gold intercepts returned from down-dip extensions of high grade mineralisation on the granite-greenstone contact over the 400m of strike already tested Hole From (m) To (m) Width (m) Grade (g/t) FKGRC090 33 46 13 4.91g/t Au including 3
Slide 10: Kat Gap – August 2019 Drill Highlights
Kat Gap – August 2019 Drill Highlights(1) • Holes FKGRC090 - FKGRC098 and Plan View Showing Recent and Previous RC Drilling & Significant Gold Intersections FKGRC104 – FKGRC106 for a total of 1,360m were drilled testing the up-dip and down-dip projections of the main granite-greenstone contact lode
Slide 11: Kat Gap – August 2019 Drill Highlights
Kat Gap – August 2019 Drill Highlights(1) • Deeper drilling has shown the main Kat Gap Cross Section 92710N (local grid) Looking North granite-greenstone contact continues to roll or flatten out in the down dip projection • As contact rolls to a flatter angle both the width and grade of the gold lod
Slide 12: Kat Gap – Future Drilling Plans
Kat Gap – Future Drilling Plans • Future RC drilling programs will test the Kat Gap Plan View Showing Strike Length to be Tested in Follow-Up Drilling northerly and southerly extensions for another 200-300m along strike • Will continue to probe at depth below current shallow holes along entire 400m
Slide 13: Kat Gap – Granite Greenstone Contact
Kat Gap – Granite Greenstone Contact STRICTLY CONFIDENTIAL 11
Slide 14: Lady Magdalene – Overview
Lady Magdalene – Overview High tonnage, high oz deposit with new zones being discovered • Located within 600m of Lady Ada Lady Magdalene Leapfrog Image • Mineralisation over 1km long drilled to a down dip length of 200-300m (150m vertical depth) and generally 10m thick with grade ranging between 1.0
Slide 15: Lady Magdalene – Further Key Drilling Results
Lady Magdalene – Further Key Drilling Results(1) Significant drill results in 2017 and 2018 indicate the potential for ongoing exploration success and resource growth which will see the project transformed from a modest gold camp into a new “hotspot” in WA Hole From (m) To (m) Width (m) Grade (g/t)
Slide 16: Lady Magdalene – Further Key Drilling Results
Lady Magdalene – Further Key Drilling Results(1) 1. Refer to ASX announcement dated 11 Jul 2017 – Classic Discovers New High Grade Zone at Lady Magdalene Deposit STRICTLY CONFIDENTIAL 14
Slide 17: Lady Ada - Overview
Lady Ada - Overview High grade JORC resource, with potential to provide further underground mine life extensions at FGP • Mined by SOG in 2003 at an average grade of 8.81g/t Au for 27koz Au Overview of Lady Ada Ore Body • Primary gold mineralisation is hosted by a shallow east dipping quartz dolerit
Slide 18: Van Uden West – Overview
Van Uden West – Overview Brand new discovery needs immediate follow up • Surrounded by historic gold mines Van Uden and Teddy Bear, and Recent Drilling Program(1) situated 11km NW along strike from Lady Magdalene and Lady Ada • Geological setting is similar to Kat Gap, however it has transported cov
Slide 19: FGP – Immediate Plans for Growth
FGP – Immediate Plans for Growth Substantial upside in FGP driven by resource expansion, reserve conversion and mine life extensions, in addition to brownfield and greenfield exploration targets 1 ✓ Drilling • RC and DD to delineate HG extensions at Kat Gap, Van Uden Oct 19 2 ✓ Updated Resource and
Slide 20: FGP – Long Term Prospects and Vision
FGP – Long Term Prospects and Vision In addition to the organic growth from existing tenure, CLZ has a wider vision for the FGP area Key development and growth strategies for FGP • Increase resource via exploration and strategic acquisition • Establish new Forrestania processing hub Acquisition Targ
Slide 21: Appendix
Appendix STRICTLY CONFIDENTIAL 19
Slide 22: JORC Resource
JORC Resource(1) FGP has a JORC resource of 216,650oz Au with immediate scope for increase and upgrade INDICATED INFERRED TOTAL Prospect Tonnes Grade (Au g/t) Ounces Au Tonnes Grade (Au g/t) Ounces Au Tonnes Grade (Au) Ounces Au Lady Ada 283,500 1.78 16,200 260,000 2.20 18,750 543,500 1.99 34,950 La
Slide 23: Exploration Potential at FGP
Exploration Potential at FGP FGP project contains in excess of 90 priority targets within the tenements • Detailed mapping of the entire Forrestania Greenstone belt has identified in excess of 90 priority targets within CLZ’s FGP project area • CEO, Dean Goodwin, completed a detailed geological mapp
Slide 24: Disclaimer
Disclaimer The information in this presentation is published to inform you about Classic Minerals Limited (Classic or the Company) and its activities. To the maximum extent permitted by law, the Company and their related bodies corporate, affiliates and each of their respective directors, officers,
Slide 25: Classic Minerals Limited (ASX:CLZ)
Classic Minerals Limited (ASX:CLZ) Classic Minerals Limited ABN 77 119 484 016 ASX: CLZ Address: 71 Furniss Road, Landsdale, WA 6065 Postal: PO Box 1318, Wangara DC WA 6947 Phone: +61 8 6305 0221 • Web: www.classicminerals.com.au • Email: contact@classicminerals.com.au STRICTLY CONFIDENTIAL 23
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