Magmatic Resources Ltd. · ASX:MAG
Magmatic Resources — Corporate Update (June 2020)
17 slides from Magmatic Resources's corporate update, Jun 22, 2020
Slide 1: Operational Update
For personal use only OPERATIONAL UPDATE 22 June 2020 ASX MAG
Slide 2: Investment Highlights
Investment Highlights EAST LACHLAN – WORLD CLASS GOLD-COPPER PROVINCE LADY ILSE GOLD-COPPER PORPHYRY DISTRICT For personal use only Diverse porphyry and related mineralisation styles Large scale gold-copper porphyry system >80Moz Gold (Au) and >13Mt Copper (Cu) regional endowment1 Fertile system ind
Slide 3: Current Exploration Summary
Current Exploration Summary HIGH IMPACT DRILLING AT MULTIPLE BODA-TYPE GOLD – COPPER PORPHYRY TARGETS For personal use only Rapidly assessing Lady Ilse District and other northern Molong Belt targets Followup RC ± DDH tail drilling (~14 holes) has commenced at Lady Ilse, testing strong chargeability
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only CAPITAL STRUCTURE 24 Mar 2020 Drilling commences at Shares on issue 173,115,298 Lady Ilse Au-Cu porphyry target Share price 19 June 2020 $0.26 May 2017 Market Capitalisation $45.0m MAG IPO at 20cps 29 Jan 2020 MAG announces Cash* $4.42m MIMDAS geophysics defi
Slide 5: East Lachlan - A World Class Gold-Copper Province
East Lachlan - A World Class Gold-Copper Province Home to Australia’s largest gold mine For personal use only ▪ World class gold-copper porphyry terrain, range of mineralisation styles ▪ >80Moz Gold (Au) and >13Mt Copper (Cu) regional endowment1 ▪ Major gold, gold-copper mining operations: ➢ Cadia E
Slide 6: East Lachlan - A World Class Gold-Copper Terrain
East Lachlan - A World Class Gold-Copper Terrain Majors building tenure positions For personal use only ▪ Advanced target portfolio and dominant tenure position in discovery hotspots: Myall (MAG) Alkane ➢ Wellington North Project: Au-Cu porphyry, ALK Boda epithermal Au FMG discovery Wellington North
Slide 7: East Lachlan - Cadia Valley District
East Lachlan - Cadia Valley District World Class Gold-Copper Porphyry Cluster • Gold-rich porphyry cluster (>0.4g/t Au) For personal use only • >50Moz Au, 8.7Mt Cu (Newcrest 2019) • World’s largest alkalic Au-Cu porphyry system • Five past and present mines (Cadia Hill, Cadia Quarry, Cadia Extended,
Slide 8: East Lachlan – Northern Molong Belt
East Lachlan – Northern Molong Belt Along strike from World Class Cadia Valley Au-Cu Porphyry District • Emerging gold-copper alkalic porphyry terrain For personal use only • Boda Discovery, ‘Northern Molong Porphyry Project’ (ASX: ALK 9 Sept 2019) Wellington North Project (100% MAG) NORTHERN MOLONG
Slide 9: Wellington North Project
Wellington North Project Advanced target portfolio in northern Molong Belt porphyry discovery hotspot ▪ Dominant position in northern Molong Belt porphyry discovery hotspot MAG tenure For personal use only ALK tenure MAG Au-Cu targets ▪ Magmatic's Wellington North Project surrounds Alkane’s Boda Gol
Slide 10: Lady Ilse Gold – Copper Porphyry District: Identifying a fertile porphyry target
Lady Ilse Gold – Copper Porphyry District Identifying a fertile porphyry target IDENTIFYING A FERTILE PORPHYRY TARGET For personal use only 20LIDD001 (Pole-Dipole IP Geophysics / shallow drilling + porphyry pathfinders) 78m @ 0.22 g/t Au 22m @ 0.54g/t Au ▪ Identify disseminated pyrite porphyry alter
Slide 11: Lady Ilse Gold – Copper Porphyry District: Defining a large-scale target
Lady Ilse Gold – Copper Porphyry District Defining a large-scale porphyry target DEFINING A LARGE-SCALE PORPHYRY TARGET For personal use only (MIMDAS / Conventional IP Geophysics) ▪ MIMDAS geophysics defines large gold-copper porphyry target zone at Lady Ilse District (ASX: MAG 24 April 2020) ➢ Stro
Slide 12: Lady Ilse Gold – Copper Porphyry District: Testing a large-scale target
Lady Ilse Gold – Copper Porphyry District Testing a large-scale porphyry target TESTING A LARGE-SCALE PORPHYRY TARGET For personal use only (RC and Diamond Drilling) • The position at the edge of the main chargeability anomaly, along with results similar to the first diamond hole at the nearby Boda
Slide 13: Lady Ilse Gold – Copper Porphyry District: 20LIDD001
Lady Ilse Gold – Copper Porphyry District 20LIDD001 For personal use only ▪ Au – Cu - Mo mineralised zone associated with porphyry pathfinders at western margin of intrusive ▪ Mineralised zone associated with high S/sulphides reaffirms significance of IP chargeability anomalism DOWNHOLE GEOCHEMICAL
Slide 14: Boda North & Boda South Targets
Boda North & Boda South Targets Northern and southern extensions of Boda Porphyry Belt ▪ Reprocessed aeromagnetic data highlights the interpreted northern and southern MAG tenure For personal use only ALK tenure extensions of the Boda Porphyry Belt (ASX: MAG 11 May 2020) MAG Au-Cu targets Mayhurst ▪
Slide 15: Boda North District
Boda North District Northern Extension of Boda Porphyry Belt ▪ Highly prospective, concealed northern extension of Boda Porphyry Belt (shallow For personal use only transported cover) ▪ Coincident chargeability + conductivity anomalism surrounded by strong resistivity (albite - inner propylitic alte
Slide 16: References
References CMOC 2019., China Molybdenum Company Limited, http://www.cmocinternational.com/australia/ For personal use only Evolution., 2018, https://evolutionmining.com.au/reservesresources/ Fox, N., Cooke, D., Harris, A., Collett, D., Eastwood, G., 2015, Porphyry Au-Cu mineralisation controlled by
Slide 17: Disclaimer and Important Information
Disclaimer and Important Information This is not a disclosure document. Any material used in this presentation is a summary of selected data, and any investor in the Company should refer to all Company ASX releases and statutory reports before considering to invest in the Company. For personal use o