Maritana Minerals Limited · ASX:MRT
Maritana Minerals — Shareholder Meeting (November 2020)
20 slides from Maritana Minerals's shareholder meeting presentation, Nov 26, 2020
Slide 1: FY2020 AGM
FY2020 AGM
Slide 2: Forward-looking statements and nature of document
Nature of Document expressions. Forward looking statements, opinions and estimates included in this Presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based This Presentation is provided on
Slide 3: Emerging mid-tier gold producer in the West Australian goldfields
Horizon Minerals Limited is an emerging mid-tier gold producer with high quality projects located in the heart of the West Australian goldfields. The Company is led by a Board and Management team with deep experience developing and operating successful gold mines within the Kalgoorlie region. Horizo
Slide 4: Board and Management Overview
$0.20 6,000,000 Board and Management 1 $0.18 $0.16 5,000,000 Ashok Parekh Chairman $0.14 4,000,000 $0.12 Peter Bilbe Non-Executive Director $0.10 3,000,000 $0.08 Jon Price Managing Director $0.06 2,000,000 $0.04 1,000,000 Grant Haywood Chief Operating Officer $0.02 $0.00 0 David O’Farrell Exploratio
Slide 5: Strategic objective and core projects
KALPINI1 Resource 4.1Mt @ 1.70g/t Au for 215koz Mine Open pit STRATEGIC BOORARA1 Targeting initial 5 mine life based on a standalone OBJECTIVE: Resource 16.45 mt @ 0.97 g/t Au for 507koz processing solution with Boorara providing base load Initial 5yr mine plan Mine Open pit / Additional satellite d
Slide 6: FY2020 achievements
• Reset growth strategy centred on current asset base • Adopted prudent measures to protect the business during the COVID-19 pandemic • DRILLING - 30,000m completed with resources now at 1.15Moz (excluding Kalpini) • MINING - commenced trial mining at three trial pits at Boorara • MILLING – commence
Slide 7: Drilling Highlights
Rose Hill Drilling Highlights 2 • 18,000m grade control drilling at Boorara for trial mining 11m @ 8.8g/t Au from 43m & 10m @6.3g/t Au from 28m 16m @ 4.1g/t Au from 93m & 7m @ 7.7g/t Au from 27m • Boorara open north, south and at depth beyond current 3.4m @ 17.9g/t Au from 78m 1.8km of strike length
Slide 8: FY21 drilling program
• Initial focus is reserve generation and resource growth • Up to four rigs drilling across the portfolio • More than 15 high priority new discovery targets identified June 2021 Reserve generation drilling Boorara, Rose Hill, Brilliant North, Crake, Teal, Jacques Find Resource growth drilling Teal E
Slide 9: Boorara trial mining and toll milling
• Completed grade control drilling in December 2019 at Boorara • Planned 3 trial pits, Regal East and West and Crown Jewel • Commenced contract mining in May and completed in September 6 weeks ahead of schedule • Total tonnes mined 270kt at 1.23g/t Au, 25% above the global resource model • Two toll
Slide 10: Non-core assets and investments
Nanadie Well (Cyprium Metals ASX:CYM) Richmond Vanadium Project • Recently divested for $1.5m in cash and shares • 25% JV interest • 45km2 in the Murchison region • Located in North Queensland • Focused on gold, copper, nickel, cobalt and PGE • 1.8Bt resource • PFS released, review underway Kingwest
Slide 11: Boorara Stage 1 timeline
PHASE Q3 CY20 Q4 C Y20 Q1 CY21 Q2 CY21 Q3 CY21 Q4 CY21 Q1 CY22 Q2 CY22 Q3 CY22 BOORARA STAGE 1 Trial - Mining mining - Toll milling Drilling program 70,000m drilling program Resource updates Feasibility study FS Project financing Project development Production 1See Forward Looking and Cautionary Sta
Slide 12: Upcoming news flow
• Regular news flow to continue on an almost weekly basis • Drilling results flowing from core project areas despite longer wait times for receipt of assays • Final reconciliations from trial mining at Boorara • Updated resource models for Rose Hill, Crake, Kalpini and Boorara in the December and Ma
Slide 13: Investment highlights
WA goldfields Exciting exploration potential Large tenement holding in the heart of FY21 drill program for 70,000m to the Western Australian goldfields grow resources and make new surrounded by all required services discoveries to drive high news flow Highly experienced Board Clear pathway to produc
Slide 14: Acknowledgements
• To our Board, Executive team and staff in Perth and Kalgoorlie for your tireless efforts in what has been a challenging year • To Hamptons and Golden Mile Milling for an excellent job on mining and milling Boorara • To our contract technical team from BMGS and Cardno • To our drillers, Goldfields
Slide 15: 15
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Slide 16: Board and management biographies
Ashok Parekh, Non-Executive Chair Peter Bilbe, Non-Executive Director • Chartered accountant with over 40 years’ experience who owns a large Accounting • Mining Engineer with over 40 years’ experience Practice in Kalgoorlie, which he has operated for 33 years • Has held senior management positions a
Slide 17: Summary of Gold Mineral Resources
Horizon Minerals Limited – Summary of Gold Mineral Resources (at a 1g/t Au cut-off grade) Project Cut-off Measured Indicated Inferred Total Resource Grade Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Teal 1.0 1.01 1.96 63,681 0.80 2.50 64,458 1.81 2.20 128,000 Jacques Find 1.0 1.60 2.
Slide 18: Boorara Gold Resource and Nimbus resource
Boorara Gold Resource (at a 0.5 g/t Au cut-off grade) Nimbus All Lodes (bottom cuts 12 g/t Ag, 0.5% Zn, 0.3 g/t Au) Category Tonnes Grade Ounces Category Tonnes Grade Grade Grade Ounces Ounces Tonnes Mt Au (g/t) (k'000) Ag Au Mt Ag (g/t) Au (g/t) Zn (%) (k'000) (Moz's) (k'000) Measured Resource 6.11
Slide 19: Forward looking and cautionary statements
• As noted on Slide 2, some statements in this Presentation regarding estimates or future events are forward looking statements. They include indications of, and guidance on, future earnings, cash flow, costs and financial performance. Forward looking statements include, but are not limited to, stat
Slide 20: Contact details
Jon Price Managing Director T: +61 (08) 9386 9534 E: admin@horizonminerals.com.au W: www.horizonminerals.com.au PO Box 1104 Nedlands WA 6909 163 Stirling Highway Nedlands WA 6009 20
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