Matsa Resources Ltd · ASX:MAT
Matsa Resources — Noosa Mining Investor Conference 2022
38 slides from Matsa Resources's conference presentation, Jul 22, 2022
Slide 1: Towards 1Moz and beyond
Towards 1Moz and beyond Noosa Mining Investor Conference Matsa Corporate Presentation | 20-22 July 2022
Slide 2: Disclaimer and Forward Looking Statements
Disclaimer Disclaimer and Forward Looking Statements This presentation has been prepared by Matsa Resources Limited (“Matsa” or the “Company”). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentation may
Slide 3: Corporate Overview
Overview Corporate Overview Gold Resource* Resource Grade Top 20 Ownership DIRECTORS Paul Poli 553,000 oz 1.9 g/t 60.18% Executive Chairman Mr Poli is a CPA with over 34 years of business and corporate experience. He founded Matsa Resources and has spearheaded M&A deals with Panoramic, Bulletin, Wes
Slide 4: 2022 - A Reinvigorated Matsa Significant Developments
Overview 2022 - A Reinvigorated Matsa 2 Significant Developments All currency expressed in Australian dollars unless otherwise stated
Slide 5: $20M Partial Lake Carey Sale
1st development - $20M Divestment $20M Partial Lake Carey Sale Transaction • Matsa to receive $20M in cash and shares* • Retain 553Koz JORC resource and 385km2 (3rd largest in province) • Red October and Devon tenement package sold (314koz @ $64/resource oz) to Linden Gold Alliance (“LGA”) • Cash in
Slide 6: Matsa still holds 553koz gold and 385km2 at Lake Carey
Matsa On Completion of the $20M Transaction Matsa still holds 553koz gold and 385km2 at Lake Carey All currency expressed in Australian dollars unless otherwise stated
Slide 7: Thailand Turning the Page
2nd development - Opportunity Thailand Turning the Page Investing in Thailand is Good Timing today Kingsgate PanAust ($293M MC) • Kingsgate Consolidated Limited (ASX:KCN - MC $293M*) announcing expected recommencement of operations at the world class Chatree mine • Pan Asia Metals Limited (ASX:PAM -
Slide 8: What does this mean for Matsa?
Overview A Reinvigorated Matsa What does this mean for Matsa?
Slide 9: Valuation: Rerating on the cards
Rerating on the cards Valuation Matsa kOz *Cash/liquids ($M) *Debt ($M) Market Capitalisation Valuation Pre sale (20 Dec 2021) 867 1 4 A$21M $27/oz Post sale (at time of settlement) 553 17 4 *A$15M <$4/oz ✓ The Sale agreement values oz sold @ $64/resource oz and compares favourably to EV of $27/reso
Slide 10: Pro-Forma Lake Carey Gold Project
Lake Carey Pro-Forma Lake Carey Gold Project Prime location and 100% owned Wallaby Granny Smith 20km • 385km2 land holding located near AngloGold Ashanti’s Sunrise Dam 12Moz Sunrise Dam with excellent mining infrastructure • Largest tenement package in Lake Carey area outside of Fortitude North Gold
Slide 11: Fortitude Gold Mine
Lake Carey: Fortitude Hub Fortitude Gold Mine Gold Resource of 489,000oz • 1km long open pit down to 190m depth • Granted Mining Lease with approved Mining Proposal (MP) in place allowing immediate start of mining • Completed scoping study outlines production of 132,000oz across 30 months generating
Slide 12: Building towards 1Moz
Matsa 553,000oz JORC Resource Building towards 1Moz All currency expressed in Australian dollars unless otherwise stated
Slide 13: Exploration
Lake Carey Exploration World class setting • 385km2 high quality area in north-east goldfields region surrounded by world class mines • Multiple corridors along an extensive 94km of strike • Focus on resource growth targeting +1Moz baseline • Fortitude, Bindah and Wilga trends to deliver bulk of gro
Slide 14: Fortitude North
Lake Carey: Fortitude Hub Fortitude North 500m long magnetic anomaly – not drill tested 379,000-600,000oz exploration potential • 66 line km ground magnetic survey completed in September 2021 • NE (45o) and NNW (350o) structures interpreted (ongoing) • Apparent jogs in anomaly appear coincident with
Slide 15: Fortitude North
Lake Carey: Fortitude Hub Fortitude North 1.5km gold anomalous trend only 6km north of Fortitude on the same structure • Interpretation of new high resolution ground magnetic data has defined 2.6km dilational jog providing further information to assist drill planning • New logging data indicates For
Slide 16: High Resolution Ground Magnetics
Lake Carey: Fortitude Hub High Resolution Ground Magnetics Bullseye Progress and Interpretation magnetic anomaly • Ground magnetic survey completed Feb 2022 • Large bulls eye anomaly 800m x 600m defined just north of FF1 to be drill tested FF1 • 2 x strong to moderate magnetic trends extending north
Slide 17: Current Works
Lake Carey Current Works Bedrock anomalism in AC May - June Appears barren • Completed aircore programs to test prospectivity at Wilga West, Haul Road, FF1, Phantom Well – gold anomalism noted in saprolite Bedrock anomalism in AC, maiden DD hole • Diamond drilling commenced at FF1 & Fortitude North
Slide 18: FF1 – first diamond drill core
Lake Carey FF1 – first diamond drill core Budget Required Prospect Target size ('000 t) Drilling stage Drilling type Aim /expected results of this drilling proposal $ ('000 incl assays) Confirm presence of HG shoots Fortitude North 3000 Advanced 425 Mix RC and DD Obtain structural data on orientatio
Slide 19: Fortitude North new drilling
Lake Carey Fortitude North new drilling Budget Required Prospect Target size ('000 t) Drilling stage Drilling type Aim /expected results of this drilling proposal $ ('000 incl assays) Confirm presence of HG shoots Fortitude North 3000 Advanced 16m intercept of strongly altered / mineralised425 zone
Slide 20: Thailand
Overview Beyond our Flagship Lake Carey Gold Project Thailand
Slide 21: Gold focus with a twist of lithium
Matsa Gold focus with a twist of lithium Lithium / Tin* PanAust • Significant 942km2 SPLA holding in western Thailand • +800km tin belt with numerous lithium occurrences reported Kingsgate in DMR records • SPLAs in Phang Nga province also hosting PAM’s Reung Kiet Copper / Copper-Gold* • Loei Fold Be
Slide 22: Phang Nga
Thailand Phang Nga Assays Pending • 133 samples from Phang Nga have been submitted for assay – assess when results become available • Continue first pass regional sampling for remaining provinces • Review results of reprocessed radiometric and magnetic data to identify geological trends, targets and
Slide 23: Copper / gold / silver / lead
Thailand Copper / gold / silver / lead Phu Kham 450Mt Cu, 3.5Moz Au, Loei Fold belt 30Moz Ag • Hosts world class Chatree (Au) and Phu Kham (Cu-Au) mines Kingsgate’s ($293M MC) • Drill ready Siam and Chang copper projects discovered by Matsa Chatree Gold Mine • Thali polymetallic Au-Ag-Cu-Pb now held
Slide 24: Timeline
Re rating catalyst Timeline Activity Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Linden Gold pre IPO payments ($3M) Corporate Linden Gold (IPO) $12m in cash + shares Linden Gold deferred $5m payment Magnetic surveys Exploration drilling Lake Carey Fortitude North maiden resource Regional aircore
Slide 25: Contact Us
Contact Us Paul Poli Executive Chairman reception@matsa.com.au 25
Slide 26: Appendix
& MATSA APPENDIX RESOURCES
Slide 27: 40,500m of drilling to progress the pipeline
Lake Carey 40,500m of drilling to progress the pipeline Budget Required Prospect Target size ('000 t) Drilling stage Drilling type Aim /expected results of this drilling proposal $ ('000 incl assays) Confirm presence of HG shoots Fortitude North 3000 Advanced 425 Mix RC and DD Obtain structural data
Slide 28: JORC 2012 Mineral Statement
Lake Carey JORC 2012 Mineral Statement* Measured Indicated Inferred Total Resource Project Cutoff g/t Au (‘000t) g/t Au (‘000t) g/t Au (‘000t) g/t Au (‘000t) g/t Au (‘000 oz) Fortitude 1.0 127 2.2 2,979 1.9 4,943 1.9 8,048 1.9 489 Gallant 1.0 - - - - 341 2.1 341 2.1 23 Bindah 1.0 - - 43 3.3 483 2.3
Slide 29: Fortitude Gold Mine
Lake Carey: Fortitude Hub Fortitude Gold Mine Gold Resource of 489,000oz • 92,000m drilling at Fortitude delivering 489koz resource, exploration potential downdip remains • Resource represents 1.5km of a larger 14km anomalous gold trend including Fortitude North, Fortitude South and Stealth • Rising
Slide 30: Fortitude & Bindah Trends
Lake Carey: Fortitude Hub Fortitude & Bindah Trends Extensive Underexplored Anomalous Gold Trends • Large and regionally significant anomalous structures • Fortitude trend - 60km of anomalous strike • Bindah trend - 34km of anomalous strike • Shear/fault structures associated with strong magnetic fe
Slide 31: Bindah
Lake Carey: Fortitude Hub Bindah Near term development option • Located 2km south of the Fortitude Gold Mine • Simple, single lode of mineralisation with relatively consistent strike extent hosted in Bindah Shear Zone • Historically mined in two campaigns with high oxide grades of 6.8g/t Au - 7.5g/t
Slide 32: Bindah Trend – BE1 to BE4
Lake Carey: Central and Fortitude Hubs Bindah Trend – BE1 to BE4 Prospectivity • NW extension of Bindah & Gallant (63koz) resource • BE1-2 - brittle-ductile systems associated with intrusives => potential Granny Smith type? • BE3-4 – classic goldfields mafic related mineralisation • Visible gold int
Slide 33: Copper
Loei Fold Belt - Thailand Copper Widespread anomalism identified by Matsa* • Copper anomalism at Siam discovered through stream sediment sampling defining ~20km2 anomaly • Surface chip sampling returned peak assays of copper grades up to 45% Cu and 123 g/t Ag and 54.7% Cu and 148g/t Ag • Native copp
Slide 34: Siam / Chang
Loei Fold Belt - Thailand Siam / Chang Widespread anomalism identified by Matsa* • Copper anomalism at Siam discovered through stream sediment sampling defining ~20km2 anomaly • Surface chip sampling returned peak assays of copper grades up to 45% Cu and 123 g/t Ag and 54.7% Cu and 148g/t Ag • Nativ
Slide 35: Thali – 5km strike anomalism
Loei Fold Belt - Thailand Thali – 5km strike anomalism Gold – Silver dominant polymetallic anomalism Thali • Newly acquired SPLAs • Located in highly prospective Loei Fold Belt which hosts Kingsgate’s Chatree Gold Mine ($368M MC) • Explored by Venture Minerals* up to 2017 • Over 5km strike anomalism
Slide 36: Why Lithium in Thailand
Thailand Why Lithium in Thailand Kanchanaburi Thailand the next lithium frontier? Phetchaburi • 942km2 held under SPLAs • 41 of the 65 SPLA have recorded lithium occurrences in DMR records • Extensive rich metalliferous belt • Matsa’s neighbours PAM ($81M MC) active at Phang Nga (Reung Prachuap Kiri
Slide 37: Lithium Setting
Thailand Lithium Setting Prospectivity for LCT type pegmatites • SPLAs centred on extensive western granite belt with known tin and (lithium-caesium-tantalum) LCT/rare element geochemical signature Kanchanaburi • Projects pegged from Phang Nga in the south to Kanchanaburi in the north • Regional Ran
Slide 38: Matsa's Investment Proposition
Investing in Matsa Matsa’s Investment Proposition • 553koz gold resource with attractive tenement position and line of sight to 1Moz • Impending $20M transaction – cash and share injection into the Company • Potential in-specie distribution of LGL shares – shareholder reward • Funding in place for L
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