Saturn Metals Ltd. · ASX:STN
Saturn Metals — Investor Presentation (May 2022)
17 slides from Saturn Metals's investor presentation, May 3, 2022
Slide 1: Next Generation Gold Company in a Multi-Million Ounce Province
Next Generation Gold Company in a Multi-Million Ounce Province For personal use only Ian Bamborough Managing Director Presenting: 3 May 2022, 11.15 am AEST ASX:STN www.saturnmetals.com.au www.saturnmetals.com.au
Slide 2: Apollo Hill 'Greater' Gold Project Overview, Location and Tenure
Apollo Hill ‘Greater’ Gold Project Overview, Location and Tenure • Central Strategic Position in the Belt For personal use only • 60km south-east of Leonora in Western Australia in world class multi-million ounce gold province close to existing gold infrastructure • Centred around the current 1.47Mo
Slide 3: Corporate Snapshot
Corporate Snapshot Well Funded – Strong Register Corporate Metrics 29 APR 22 Share Price Since Listing in March 2018 For personal use only Funds (Cash balance 31 March 2022) $9.5M Shares on Issue 129.9M $0.38 29 APR 22 Unquoted Options & Performance Rights 10M IPO at $0.20 9 MAR 18 Market Capitalisa
Slide 4: Apollo Hill – Resource Upgrade (1.47Moz Au) May 2022
Apollo Hill – Resource Upgrade (1.47Moz Au) May 2022 Simple, Single, Big, Low Strip, Large Selective Mining Unit, Low Unit Cost, Open Pit Shell For personal use only Measured Indicated Inferred MII Total Lower Cut-off Oxidation state Grade Au g/t Tonnes Au Au Metal Tonnes Au Au Metal Tonnes Au Au Me
Slide 5: Apollo Hill Resource Scalability
Apollo Hill Resource Scalability • Low 2’s strip ratio, more For personal use only ounces in shell • Thick ore zones +100m • Bulk Tonnage • Bigger selective mining units, economies of scale and lower operating cost • Expanded pit shell to 250m – modest depth by current standards • ‘Base Load’ Ounces
Slide 6: Resource Comparison Peer Group – Aspirational Goals
Resource Comparison Peer Group – Aspirational Goals Tujuh Bukit, IDN Merdeka (*Reserve) Apollo Hill Moves into Bulk Apollo Hill, AUS For personal use only Saturn Metals Tonnage Economic Space: Grade Round Mountain, USA Kinross Bald Hill, USA Kinross Scale Florida Canyon, USA Strip Ratio Marrig
Slide 7: Simple Metallurgy – Apollo's Biggest Cost Differentiator
Simple Metallurgy – Apollo’s Biggest Cost Differentiator Excellent Gold Extraction Characteristics for Easily Recoverable Gold HEAP LEACHING For personal use only Efficient, Low Cost Recovery Route • Simple fresh rock, free gold in quartz mineralogy • Coarse crush – 8mm, low energy use • Excellent r
Slide 8: Global Heap Leach Statistics
Global Heap Leach Statistics Well Proven Business and globally the dominant method of gold production For personal use only Worldwide, heap leaching accounts for about 46% of all gold currently produced The average grade of 275 Heap Leach Projects is 0.7g/t Au Average Heap Leach Recovery is 65% Sour
Slide 9: Studies Underway
Studies Underway With Continuing Success and ‘Stage Gate’ Planning Lead into a PFS Initially targeting 10Mtpa for 8 Years For personal use only from Current Resource • +100koz Per Annum Recovered in Low Cost Production Scenario • Preliminary Site Layout being Considered • Preliminary Plant Costings
Slide 10: Apollo Hill Resource Growth
Apollo Hill Resource Growth Rapid and Accelerating – Targeting an Additional Resource Upgrade For personal use only Within Four Years of IPO (March 2018) - Saturn Metals has: • Delivered an additional 964koz; • Upgraded 760koz to Indicated Mineral Resource representing 52% of the total Mineral Resou
Slide 11: Resource Extension – Apollo Hill Corridor
Resource Extension – Apollo Hill Corridor Strong Intersections Provide Expansion Opportunities on Multiple Fronts Thick, shallow, and For personal use only high-grade intersections from reverse circulation drilling includea: • 7m @ 11.18g/t Au from 172m – AHRC0813 • 27m @ 0.51g/t Au from 50m – AHRC0
Slide 12: Expansion – Apollo Hill Corridor
Expansion – Apollo Hill Corridor Step Out & Framework Drilling Planned Designed to test for expansions to the system – step-out and below • Testing for Tier One System For personal use only • Pre-Collars Commenced Planned 750 RL Diamond SW Drillhole - NE 1,200m 500 RL Apollo Hill Resource – 1.4Moz 2
Slide 13: Regional Potential – Central Strategic Position in Belt
Regional Potential – Central Strategic Position in Belt Important Corridor Yielding Results • +1,000km2 of Greenfields land package starting to yield For personal use only results (60km long position in the greenstone belt) • 60% of Ground Package under cover and Untested • New Systems identified in
Slide 14: West Wyalong Joint Venture
West Wyalong Joint Venture High Grade Vein Opportunity in Tier 1 Australian Gold Provence • Production from the West Wyalong Goldfield, between 1894 and 1915, ~439,000 oz Au at 36g/t Aub For personal use only • West Wyalong mines are shallow by current standards and mineralisation is open down dip a
Slide 15: Plan and Budget – 2022-2023
Plan and Budget – 2022-2023 Exploration – Development – Studies – Leading to PFS Planned: • Ongoing Drilling Campaign +50,000m Planned For personal use only • New Discovery Stream – Regional and Around Mine • Target Additional Resource Upgrade • Studies, Development, with ongoing success and ‘Stage
Slide 16: 1.47 Moz Quality Ounces & Growing
SATURN METALS 2022 1.47 Moz Quality Ounces & Growing For personal use only • Foundation Ounces Outlined • Healthy Budget • Aggressive Program (Resource and Regional Exploration) • Study Work Progressing to PFS ASX:STN | www.saturnmetals.com.au 16
Slide 17: Disclaimer & Competent Person Statements
Disclaimer & Competent Person Statements GENERAL The Company has prepared this presentation. Whilst the information contained in this presentation has been prepared with all reasonable care from information provided by the Company and from sources, which the Company believes are reliable, no respons