Manuka Resources Ltd · ASX:MKR
Manuka Resources — Investor Presentation (September 2024)
29 slides from Manuka Resources's investor presentation, Sep 30, 2024
Slide 1: Optimised Production Plan for the Mt Boppy Gold Mine
Optimised Production Plan for the Mt Boppy Gold Mine Cobar Basin, New South Wales Corporate Presentation - 30 September 2024
Slide 2: Disclaimer
Disclaimer This disclaimer applies to this presentation and the information contained in it (the Presentation). By reading complete or that it contains all information about the Company that a prospective investor or purchaser may this disclaimer you agree to be bound by it. The Presentation has bee
Slide 3: Corporate Summary
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Slide 4: About Manuka
About Manuka Phased Strategy to deliver Self-Sustaining ✓ ASX listed mine operator, Value Creation 3 developer and explorer 2 ✓ Near-term production from Gold and Silver assets located in the prolific Cobar Basin, NSW 1 Taranaki VTM Project Wonawinta Silver Mine ▪ Large company-making iron ore sands
Slide 5: Precious Metals Assets of Strategic Value in a Tier-1 Mining Jurisdiction
MKR hold Precious Metals Assets of Strategic Endeavour Mine Value in a Tier -1 Mining Jurisdiction ▪ The proposed Mt Boppy and existing Wonawinta production facilities provide: CSA Mine Tritton Mines ▪ a means to monetise otherwise stranded deposits Cobar Mt Boppy located within current +1,000km2 te
Slide 6: Taranaki VTM Project (100% Manuka)
Taranaki VTM Project ▪ (100% Manuka) The Taranaki VTM Project is located 22 km to 36 km offshore in New Zealand’s EEZ, or Exclusive Economic Zone, outside the 12 nautical limit from the shoreline, in waters 20m to 50m deep (area 243km2). Large Vanadium-rich Iron Sands Resource ▪ On granting of final
Slide 7: Corporate Summary
Corporate Summary Share Price History 14 0.12 Capital Structure 12 0.10 Share Price (A$/sh) Volume (M shares) Shares Outstanding 780M 10 0.08 Options Outstanding 214M 8 Share Price A$0.037 0.06 6 Market Capitalisation A$28.9M 0.04 4 Cash A$1.9M 2 0.02 As at 30 June 2024 Debt Outstanding 0 0.00 As at
Slide 8: Board of Directors
Board of Directors Dennis Karp Alan Eggers Anthony McPaul John Seton Executive Chairman Executive Director Non-Executive Director Non-Executive Director Dennis was Head of Trading at HSBC Alan is a geologist with over 40 years Anthony (Tony) is a senior mining John is an Auckland based lawyer with A
Slide 9: Mt Boppy Gold Mine
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Slide 10: Mt Boppy Gold Mine – Overview
Mt Boppy Gold Mine – Overview Historically one of NSW’s richest gold mines, having produced ~500,000 oz Gold at ~15 g/t Au ▪ Set within the Canbelego – Mineral Hill Rift Zone of the prolific Cobar Super Basin, 43 km east of the Cobar and 640 km west of Sydney. ▪ 2019: Acquired by Manuka Resources. ▪
Slide 11: Mt Boppy Gold Mine – Project Highlights
Mt Boppy Gold Mine – Project Highlights Low Capex, High-Margin, Near-term Production of Precious Metals at a Proven Brownfields Site Additional testwork and engineering delivers an optimised and simplified 100t/h gold processing plant ▪ Low Upfront Capital Cost of A$11.6M (including contingency) to
Slide 12: Mt Boppy Gold Mine – Production Target
Mt Boppy Gold Mine – Production Target Scheduling of Oxide and Fresh Ore to Support Dual Plant Capability Strategy 300 3.00 Source Type Unit Total 0 1 2 3 4 250 2.50 Rock Dump Waste Waste kt 1,846 70 720 720 336 - Tonnes Mined ('000t) Pipeline Ridge Waste Waste kt 1,752 - - - 1,230 522 Mined Grade (
Slide 13: Mt Boppy Gold Mine – Cash Flow Forecast
Mt Boppy Gold Mine – Cash Flow Forecast1 Low Capex Return to Gold Production, delivering an average annualised EBITDA of A$44M Production Year Unit Total 0 1 2 3 4 Capital Cost Estimates A$M Gold in Doré koz 67 - 19 20 19 9 General Site Costs 1.4 Site Infrastructure & Mining Equipment 4.6 Gold Price
Slide 14: Mt Boppy Gold Mine – Processing Infrastructure
Mt Boppy Gold Mine – Processing Infrastructure Low Capex Strategy supported by leverage existing asset and opportunistic equipment acquisitions Photo showing the Wonawinta 100tph Ball Mill (left). Photo showing Intensive Leach Reactor (right) purchased by Manuka at auction. 14
Slide 15: Mt Boppy Gold Mine – Processing Infrastructure
Mt Boppy Gold Mine – Processing Infrastructure Low Capex Strategy supported by leverage existing asset and opportunistic equipment acquisitions Photo of the McCoskey R230 ‘reclaimer’ mobile screening plant at Mt Boppy. 15
Slide 16: Mt Boppy Gold Mine - Site Layout and Infrastructure
Mt Boppy Gold Mine - Site Layout and Infrastructure Brownfields Site with a Wealth of Existing Infrastructure ▪ The new Mt Boppy processing plant will be located on the pad at the site of the previously decommissioned Mt Boppy CIL plant. ▪ Site power requirements will be provided by portable diesel
Slide 17: Highly Experienced Project Execution and Operations Team
Highly Experienced Project Execution and Operations Team Haydn Lynch Phil Bentley Dieter Engelhardt Byron Steyn Chief Operating Officer Chief Geologist / Project Manager Chief Metallurgist Chief Financial Officer Over 25 years of experience in M&A, Phil has 40 years of experience in the mining indus
Slide 18: Growth Opportunities
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Slide 19: Cobar Basin Exploration Pipeline
Cobar Basin Exploration Pipeline Mt Boppy Gold production to underpin organic growth via progression of the project pipeline Mine Development Current Regional Exploration Target1 Mt Boppy • 3-4Mt at 2.5-3.8 g/t Au for 249-527koz Current Mine (Au) Plan 67koz Au Wonawinta (Ag) • 17-22Mt at 40-50 g/t A
Slide 20: Unlocking Near-term Potential at Mt Boppy
Unlocking Near-term Potential at Mt Boppy Targeting Resource and Mine Expansion from the Existing Open Pit and Mining Leases Mt Boppy Open Pit – 233kt at 4g/t Au currently excluded from the current Mine Plan Boppy South TSF3 Existing Pit Open 120 mRL – Depth of current pit shell design Resource • Be
Slide 21: Wonawinta Silver Mine (100% Manuka)
Wonawinta Silver Mine (100% Manuka) Previously Australia’s Largest Primary Silver Mine ▪ Wonawinta silver production of ~3Moz from 2012 to 2013, and ~ 500koz in 2022. ▪ Total Resources1 of 38.3Mt at 41g/t Ag for 51Moz Ag, including higher-grade component of 14Moz Ag at 97g/t Ag. ▪ Nameplate capacity
Slide 22: Wonawinta Resource Extensions
Wonawinta Resource Extensions High Potential for Economic Base Metals Mineralisation Down Dip of the Current Wonawinta Open Pit ▪ ‘Proof-of-Concept’ drill program has successfully tested for presence of carbonate- hosted sulphides down-dip from existing Wonawinta open pits, encountering lead-zinc- s
Slide 23: Thank you
Thank you ✓ Near-term production from Gold and Silver assets located in the prolific Cobar Basin, NSW ✓ Initial 3.5-Year mine plan delivering an average annualised EBITDA of A$44M ✓ Large Vanadium-rich Iron Sands Resource located offshore of the Taranaki Bight, New Zealand Corporate Office: Suite 40
Slide 24: Appendix 1: Material Assumptions
Appendix 1: Material Assumptions 24
Slide 25: Mt Boppy Gold Mine – Mineral Resource Estimate
Mt Boppy Gold Mine – Mineral Resource Estimate1 Recent Sonic Drilling over Rock Dumps and TSF3 has Improved Confidence in Resource Grade Distribution Location Classification Tonnes (kt) Au (g/t) Au (koz) Boppy South Measured 107 5.25 18.0 PAF / TSF 3 Mt Boppy Indicated 158 4.86 24.7 Open Pit M&I 265
Slide 26: Mt Boppy Gold Mine – Rock Dump Mining
Mt Boppy Gold Mine – Rock Dump Mining Opportunity to Monetise Free-digging Rock Dumps Previously Processed Through the Wonawinta Plant ROCK DUMP TAILINGS ROCK DUMP OXIDE ROCK DUMP FRESH RESOURCE DEFINITION Sonic Drilling performed in CYQ4-2023 provided greater certainty in the ore type and grade thr
Slide 27: Mt Boppy Gold Mine – TSF3 and Pipeline Ridge Mining
Mt Boppy Gold Mine – TSF3 and Pipeline Ridge Mining Rock Dump Oxide, Fresh and Tailings Mining followed by TSF3 and the Pipeline Oxide Open Pit ▪ Sonic Drilling performed in PAF Tailings CYQ4-2023 provided greater certainty in the ore type and grade throughout TSF3. ▪ TSF3 ore is comprised of two la
Slide 28: Mt Boppy Gold Mine – Optimised Process Flowsheet
Mt Boppy Gold Mine – Optimised Process Flowsheet Optimised & Simplified 100tph Flowsheet – Stage 1 Oxide Leaching, Stage 2/3 Fresh Flotation, Wet Screen ROM / Rock Dump Oxide Pipeline Open Pit Oxides Rock Dump Fresh / TSF3 PAF TSF3 / Rock Dump Tailings Two Stage Crush & Screen (existing assets) Stag
Slide 29: Additional Material Assumptions
Additional Material Assumptions Item Comment Gold Price US$2,650/oz (AUD$3785/oz) Exchange Rate A$:US$ = 0.70 Royalties 4% less allowable deductions Gold Payability 99.96% Doré Transport 4 trips/mth at A$4,000 per trip Rock Dump / TSF3 PAF Ore: A$8.29/t – Contract Mining / Crush / Screen Reclamation
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