North Stawell Minerals, Ltd. · ASX:NSM
North Stawell Minerals — Technical Presentation (April 2024)
55 slides from North Stawell Minerals's technical presentation, Apr 18, 2024
Slide 1: Technical Talk: A deeper dive on the North Stawell Gold Project
For personal use only North Stawell Minerals. Technical Talk: A deeper dive on the North Stawell Gold Project Bill Reid, Head of Exploration, North Stawell Minerals Mallow Hotel, Ballarat We acknowledge the traditional owners of the land on which we meet, the Wadawurrung and Dja Dja Wurrung people,
Slide 2: Forward Looking Statements and Disclosures
FORWARD LOOKING STATEMENTS AND DISCLOSURES Forward Looking Statement and Disclosures. This presentation is not making any offer, inducement, solicitation or invitation of any kind by communication of this presentation to the recipient and under no circumstances is it to be construed as, a For person
Slide 3: Weathering the Calm!
WEATHERING THE CALM! Despite exploration-wide capital challenges, NSM has positioned itself well, ready to advance key projects as markets lift. Early challenges at NSM’s flagship Wildwood forced a significant pivot for NSM’s 5 Major regional geophysics/targeting programs For personal use only Explo
Slide 4: Corporate and Background
For personal use only Corporate and Background 4 ASX:NSM
Slide 5: Corporate Overview
CORPORATE OVERVIEW A highly experienced and proven leadership team with strong exploration and mining experience – NSM is solely focussed on gold in western Victoria. Board and Management Capital Structure For personal use only Jerry Ellis Non-ExecutiveChairman 30 years at BHP (2 years as Chairman),
Slide 6: NSM Tenement Position
NSM TENEMENT POSITION 60km’s strike under thin cover with shallow, poorly tested, multi million-ounce gold potential – in the “catchment” of the mine at Stawell. For personal use only Tenement Status Number Area Initial NSM Earn-in Name (km2) holding potential Wildwood Granted RL007051 50 51% 90% Ba
Slide 7: NSM Team
NSM TEAM NSM has been a highly active explorers in Victoria over the last 3 years, with a track record of money in the ground – and a full-spectrum capability operations team. Russell Krause Chief Executive Officer SGM C&E Melbourne Uni CSIRO Newexco Geophysics For personal use only 30 years in corp
Slide 8: Strong Values Multiply Good Outcomes
STRONG VALUES MULTIPLY GOOD OUTCOMES. NSM is committed to successful and sustainable exploration of its tenements and values its team and the communities and environments we work in. For personal use only 0 injuries (LTI) in 2022-24 (to date) 78% land access success rate 45% female employees 53% loc
Slide 9: Gold-only. Victoria-only. Money-in-the-ground explorer.
ASX:NSM Gold-only. Victoria-only. Money-in-the-ground explorer. Positioned for growth 20 Cash position 31 Dec ($M) 140m For personal use only NSM share price as well as 15 Shares on Issue other Victorian-focussed gold 10 NSM explorers – trends are clear1. 5 $0.15 0 250 Market Cap 31 Dec ($M) $0.040
Slide 10: Stawell Zone History and Cover
STAWELL ZONE HISTORY AND COVER The Murray Basin blanket of unmineralised “cover” sediments preserves potential for shallow, multi-million ounce gold beneath it. • Discovered in 1853, historic mining ceased in 1920. For personal use only • Western Mining re-established operations in 1982. • Multiple
Slide 11: Why Victoria's Stawell Zone?
WHY VICTORIA’S STAWELL ZONE? Great ground, preserving shallow, exploration potential. 504km2 contiguous ground immediately north of the Stawell Gold Mine Elephant country – multi million-ounce potential. For personal use only • Stawell (approx. 4.9Moz Au mined). • 4th biggest gold field in Victoria’
Slide 12: Mineralisation
For personal use only Mineralisation 12 ASX:NSM
Slide 13: Historic Mining – Historic Results Are a Bellwether for Exploration
HISTORIC MINING –HISTORIC RESULTS ARE A BELLWEATHER FOR EXPLORATION 393koz Au at 19 g/t Au from historic mining on NSM footprint give an indication of potential under cover to the north. For personal use only Wonga 290koz Au at 4.31 g/t Au 393koz Au at 19 g/t Au have been mined historically (GeoVic
Slide 14: Geology
GEOLOGY The geology at Stawell is a unique (for Victoria) structural setting for gold. The geology has significant positive impacts on exploration through cover. Miocene Metallogeny Tectonics For personal use only 7 VHMS forearc VHMS epithermal Structure3 Structural preparation – stawell-only (Porph
Slide 15: Regional cross section across Central Victoria
Victorian Zones showing locations of other 3 images The key in the image ( E ) For personal use only D Is also a list of C vectors to E mineralisation. B ~Early faults A exploited by gold, ~Late faults exploited by intrusions (and Au) E C D A B Cross section of closed arc 15 Regional cross section A
Slide 16: The Stawell Gold Model
THE STAWELL GOLD MODEL17 Gold on the margins of a structurally pre-emplaced basalt. Mineralisation type has moderate strike and plunge and is depth persistent. For personal use only Stawell Corridor Stawell-type Long-sections of the mineralised flanks of Sydney Harbour Bridge at scale the Magdala Ba
Slide 17: Priorities – Model-Based Interpretation
PRIORITIES – MODEL-BASED INTERPRETATION Careful application of the Stawell-gold model– and the application of geophysics – makes a significant positive impact on exploration. For personal use only Splay (Mariners). basalt. This cross section of Stawell highlights basalt. gold on the basalt margins a
Slide 18: Geophysics
For personal use only Geophysics 18 ASX:NSM
Slide 19: Cover
COVER 85% of NSM’s tenements have a masking layer of thin, unmineralised sediments. This “cover” has potential for very shallow, large gold deposits just beneath it. For personal use only Historic mine Peer-group project NSM tenements Old Stawell Zone blanketed by ‘cover’ data Stawell Zone with outc
Slide 20: Regional Data – The Right Tools for the Task
REGIONAL DATA – THE RIGHT TOOLS FOR THE TASK Working with a best-available dataset (including geo-knowledge) to effectively test and rank Stawell-like targets under cover. For personal use only Footprint of 4.9 Moz Au Stawell Gold Mine. COVERED OUTCROPPING Reprocessed Airborne Geology-geophysics- Dr
Slide 21: Target Summary
TARGET SUMMARY Shallow, covered, margins of pre-emplaced basalts in structural dialation zones – identified with magnetics and gravity. 60km strike length of basalts interpreted. Structural events For personal use only at the Stawell Mine control the likely location of gold mineralisation2 Example o
Slide 22: Vectors to Mineralisation
VECTORS TO MINERALISATION Pathfinders to mineralisation For personal use only outcropping Limit of cover covered Looking south along the Stawell Corridor – image shows major structures, Exploration pathfinders for Stawell-type identified basalts, select targets and selected numerical modelling resul
Slide 23: Resources
For personal use only Resources 23 ASX:NSM
Slide 24: Resources
RESOURCES1 87,300 oz Au Mineral Resource update. Shallow-tested and open in several directions. The modest Mineral Resource at Wildwood benefits from re-interpretation and re-estimation and structural interpretation. For personal use only Indicated Inferrred Exploration Grade (g/t Ounces Grade (g/t
Slide 25: Magdala Mine c.f. Wildwood Target
MAGDALA MINE C.F WILDWOOD TARGET Geology is the same. Structure and dimensions are similar. Stawell has 50x historic gold. Wildwood is open and shallow-tested. 1 For personal use only Approx. resource on east flank, 2018 3 25 Wildwood and Stawell at same scale Maslin Trinity Clontarf Effectively exp
Slide 26: Projects
For personal use only Projects 26 ASX:NSM
Slide 27: Target Summary
TARGET SUMMARY 67 Huge potential to include shallow, Stawell-type mineralisation under thin cover footprint 60 km basalts 26.6 km tested* only 4.2 km >1g/t Au Stawell 17 km anomalous grades 1.5 km tested deeper than 100m use For personal2.5km * (*based on 300m line spacing). 67 Ref 67 27 ASX:NSM
Slide 28: Drilling – Air Core Anomalism
DRILLING – AIR CORE ANOMALISM Anomalous intercepts are important results in air core – potentially indicating proximity to higher grade mineralisation Results Results 1 7 For personal use only 3,500m gold-anomalous trend – open to sth with another 3,500m potential, 2 Geophysics-only discovery under
Slide 29: Drilling – Significant Hits
DRILLING – SIGNIFICANT HITS Multiple significant intercepts advance several targets: 42km AC, 6km RC, 11km DD following up on geophysics and historic drilling. 5 2 For personal use only Geophysics-only discovery under cover. Basalt intersected First +1g/t intercept in mature 2 target. New targets fr
Slide 30: Drilling – Wildwood
DRILLING – WILDWOOD Three Diamond holes were completed at Wildwood in 2023, targeting the north- plunging Maslin Mineral Resource prior to a resource update. For personal use only 1 1 Drilling targeted a gap in the drilling following re-interpretation. Mineralisation occurred principally in an embay
Slide 31: NSD049
NSD049 10.05@3.88 g/t Au1 0.79 g/t 10.72 g/t Multiple structural and For personal use only alteration events 1.3 g/t Structurally intact un- mineralised foot wall basalt. 1.56 g/t 1.37 g/t 4.22 g/t 9.14 g/t Drilled as 1 of 3 holes to infill a gap in the north- Footwall basalt 0.56 g/t 0.13 g/t plung
Slide 32: Drilling – Wildwood
DRILLING – WILDWOOD Three Diamond holes were completed at Wildwood in 2023, targeting the north- plunging Maslin Mineral Resource prior to a planned resource update. For personal use only 1 1 Refs 55,54 32 ASX:NSM
Slide 33: Drilling – Wildwood – NSD050
DRILLING – WILDWOOD – NSD050 Three Diamond holes were completed at Wildwood in 2023, targeting the north- plunging Maslin Mineral. 8.54 g/t For personal use only 0.16 g/t 17.41g/t 1.83 g/t 5.73 g/t 25.94 g/t 1.25g/t >0.04g/t 1 Footwall basalt 1 Refs 55,54 33 ASX:NSM
Slide 34: Caledonia – 620m Strike at +1g/t Au. Open in All Directions
CALEDONIA – 620m STRIKE AT +1g/t Au. OPEN IN ALL DIRECTIONS A geophysics-geochemistry generative target under 5m shallow cover 850m NW of historic Bonnee Dundee Mine (1,117 Oz Au at 20.9 g/t Au) An NSM discovery masked by 5m cover. The prospect has For personal use only advanced rapidly, trending un
Slide 35: Darlington diamond holes extend good AC results
DARLINGTON 2 diamond holes extend good AC results 120m down-dip and 140m down-plunge. An altered and weakly mineralised basalt intersected at depth! For personal use only The historic Darlington Mine produced 2,347oz Au at 18 g/t and occurs in the same structural corridor as Stawell, 6km south. NSM
Slide 36: Darlington diamond holes extend good AC results
DARLINGTON 2 diamond holes extend good AC results 120m down-dip and 140m down-plunge. An altered and weakly mineralised basalt intersected at depth == Stawell-type? 0.78 g/t For personal use only 7.0 g/t 1.0 g/t 0.5m 1.37 g/t 1.22 g/t 1.4 g/t 1.08 g/t 36 ASX:NSM
Slide 37: Forsaken – Folded and faulted with 800m 1+g/t Au trends
FORSAKEN – Folded and faulted with 800m 1+g/t Au trends. Two 400m trends with +1g/t gold and are open. Near-by (and possibly controlling) basalts are identifeid but have not been drill-intersected to north. 2 For personal use only 2 2 1 1 2 2 2 2 2 1 1 2 1 1 1 Forsaken includes two 1+g/t Au trends (
Slide 38: Lubeck Tip
LUBECK TIP Modelling and drilling show its open to SW and to the NE. Geophysics-only success found with only 16 AC holes. For personal use only Interpreted basalt Sub-cover basalt 1m at 5.05g/t Au from 56m (NSAC0172)1 1m at 3.00g/t Au from 42m (NSAC0173) 1 fault A – 25m cover. B – reprocessed RTP TM
Slide 39: More Vectoring
MORE VECTORING Geophysics and research programs are hugely cost-effective NSM continues to focus on science that refines targeting and builds knowledge For personal use only On-going discussion to follow up further on the results of Regional AEM (flown by GA and GSV) has not delivered Extensive petr
Slide 40: Programs and Drilling
For personal use only Programs and Drilling 40 ASX:NSM
Slide 41: Wildwood Planning
WILDWOOD PLANNING1 Revised targeting at Wildwood presents opportunity for basalt-flank hosted mineralisation – more likely to form large-volume slabs of dilation/mineralisation For personal use only Controlling structures are near-vertical and sub-parallel to the basalt crest, reversing plunge. Prio
Slide 42: Drilling Targets - Wildwood
DRILLING TARGETS - WILDWOOD Multiple interpreted structures and open drill results are identified. Multiple in-fill and brownfield opportunities. Maslin For personal use only Open high-grade hit that ‘spills onto east flank? Maslin trend onto east flank has high grades Maslin Mineral Resource open d
Slide 43: Drill Planning - Darlington
DRILL PLANNING - DARLINGTON Darlington includes highly encouraging sediment hosted gold mineralisation. Determining how (and where) in links to the basalt at depth is a compelling target. The planned hole at Darlington has two tasks: For personal use only • Test for ~80m down-plunge step-out on prio
Slide 44: Future Programs
FUTURE PROGRAMS Initial focus on realising priority targets – then pipeline projects Secondary focus on additional targeting programs – geophysics and research. • 4,500m of diamond targeting complete. Challenger: Lubeck Tip For personal use only Drill for +1g/t zone Drill new basalt margins • 42,000
Slide 45: Critical Opportunity.
CRITICAL OPPORTUNITY. Approximately 7.5B tonnes of Heavy Mineral (REE) sands are defined around NSM. The belt is very poorly tested through NSM’s gold-focussed tenements33. For personal use only Neighbouring properties have highly mature WIM- type HM-REE projects. Opportunistic sampling of “cover” i
Slide 46: Petrology
PETROLOGY Improved understanding of controls on mineralisation at Wildwood (and other regional targets) to constrain targeting – honours project 2024 Core sample For personal use only Core tray 36 0 NSD050 Cross polarised light photomicrograph of sample NSD050 202.60-203.60 (x2) illustrating carbona
Slide 47: Growth and Summary
For personal use only Growth and summary 47 ASX:NSM
Slide 48: Growth.
GROWTH. NSM has a possible shortened pathway to production and excellent optics on operational and non-financial requirements via strategic alignment with SGM. • Successfully navigate the current headwinds for junior explorers. For personal use only • Continue to target Stawell-type mineralisation a
Slide 49: North Stawell Minerals
North Stawell Minerals ASX:NSM This Announcement is authorised for release by Russell Krause, For personal use only Chief Executive Officer of North Stawell Minerals Ltd russell.krause@northstawellminerals.com - 03 5358 9210 For Media Enquiries info@northstawellminerals.com For Investor Enquiries in
Slide 50: Appendix – NSM releases to ASX
APPENDIX 1 NSM release to ASX relating to this presentation. Ref # Date Time Report title Doc size For personal use only 1 22-Sep-20 2:04pm Prospectus Link 20276KB 2 22-Oct-20 9:13am Exploration Update Link 2621KB 3 29-Oct-20 6:12pm Quarterly Activities Report & Appendix 5B Link 2904KB 4 2-Dec-20 11
Slide 51: Appendix – NSM releases to ASX
APPENDIX 1 NSM release to ASX relating to this presentation. Ref # Date Time Report title Doc size For personal use only 18 14-Sep-21 8:39am Reconnaissance aircore drilling to test priority targets Link 638KB 19 7-Oct-21 8:44am AC drilling commences at Radio Prospect Link 1647KB 20 29-Oct-21 9:55am
Slide 52: Appendix – NSM releases to ASX
APPENDIX 1 NSM release to ASX relating to this presentation. Ref # Date Time Report title Doc size For personal use only 35 13-Sep-22 9:37am Caledonia 12.5 g/t high grade gold hit Link 2337KB 36 6-Oct-22 1:08pm High-Grade Gold Revealed at Lubeck Tip Prospect Link 1334KB 37 13-Oct-22 9:22am Phase 2 A
Slide 53: Appendix – NSM releases to ASX
APPENDIX 1 NSM release to ASX relating to this presentation. Ref # Date Time Report title Doc size For personal use only 52 01-Jun-23 10.54am Forsaken Prospect extends gold trend along basalt margin Link 2573KB 53 21-Jun-23 10.02am Technical Update June 2023 – OREAS Vic Round Up Conference Link 5166
Slide 54: Appendix – NSM releases to ASX
APPENDIX 1 NSM release to ASX relating to this presentation. Ref # Date Time Report title Doc size For personal use only 67 15-Nov-23 09.17am Investor Presentation - Noosa Mining Conference Link 486KB 68 20-Nov-23 4.11pm Results of Meeting Link 486KB 69 20-Nov-23 8:58am AGM Presentation Link 6009KB
Slide 55: Appendix – NSM releases to ASX
APPENDIX 1 NSM release to ASX relating to this presentation. Ref # Date Time Report title Doc size For personal use only 81 25-Jan-24 05.01pm Quarterly Cash Flow Report Link 726KB 82 25-Jan-24 05.03pm Quarterly Activities Report Link 3224KB 83 21-Feb-24 09.43am Victoria Gold Mining & Exploration For
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