Mrg Metals Limited · ASX:MRQ
Mrg Metals — Shareholder Meeting (November 2014)
23 slides from Mrg Metals's shareholder meeting presentation, Nov 28, 2014
Slide 1: 28 November 2014
For personal use only 28 NOVEMBER 2014
Slide 2: Disclaimer
Disclaimer The information contained in this presentation has been prepared by MRG Metals Ltd (MRG). This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in MRG. This presentation has been made av
Slide 3: Corporate Snapshot
For personal use only Corporate Snapshot ASX Code: MRQ MRQO Market Capitalisation: $15 M Cash end September qtr: $900 K Share price (24/11/14): $0.11 (MRQ) $0.02 (MRQO) Shares on issue: 135.6 million Directors & Consultants own 25% of the Company Top 20 shareholders own 57% of the Company
Slide 4: Corporate Goals – Implementation of Strategy
Corporate Goals – Implementation of Strategy • Key purpose is to make a significant discovery For personal use only • Be recognised as ‘industry-best’ – MRG is a technology play in the mining / exploration space via strategic agreements with Sasak • GIS data-mining – Sasak is the market leader in Pr
Slide 5: MRG Projects
For personal use only MRG PROJECTS Frontier (The next Sirius / Gold Road Resources) East Yilgarn (Au/Ni) Loongana (Au/Cu/Ni/Pt/Pd) Brownfields / near to >1Moz Mine Squirrel Hill Xanadu (Au) Pulchera Davenport Downs Xanadu Kalgoorlie East (Au) East Yilgarn New Projects Yardilla (Au/Ni) Kalgoorlie Eas
Slide 6: Operational Imperatives / Features
Operational Imperatives / Features • For personal use only Prioritisation of expenditure between projects • Stated goal to drill test at least one high potential target every quarter • Relentless application of technology to optimise the chances of discovery • Demonstrated use of technology to relin
Slide 7: Exploring Under Cover
EXPLORING UNDER COVER Cover Rocks For personal use only Most of the large, easy to find, outcropping discoveries in Australia have been made 70% of prospective host lithologies in Australia are covered by sand and other younger masking sequences Hence many orebodies lay undiscovered, as they h
Slide 8: MRG Metals Exploration Portfolio
MRG METALS EXPLORATION PORTFOLIO PROJECT DESCRIPTION FUTURE PROGRAM For personal use only EAST YILGARN (gold, nickel) Unprospective areas relinquished. Further drilling dependant on results of first Received drill co-funding from WA government $112,500. program. Drilling completed October 2014 - awa
Slide 9: East Yilgarn
EAST YILGARN Yandal Belt 19 Moz MRG EAST YILGARN THE NEXT ROAD TO GOLD For personal use only Meekatharra /Cue Belt 18 Moz • 200 million Oz gold historical production from Agnew/Wiluna Belt 25 Moz greenstone belts of the Yilgarn Craton (120 Moz from Kalgoorlie- Norseman belt) Yamarna GRR Belt 2 Moz L
Slide 10: East Yilgarn
EAST YILGARN Single Hole 250 metres deep For personal use only Target at 169 metres Hole drilled to 169 metres RC Archean likely deeper than 489 metres Hole 550 metres deep Archean basement at 489 metres Greatlands RC Drilling >348m •High resolution aeromagnetic survey collected in 2013 •Data proces
Slide 11: East Yilgarn – Mineralised Quartz Veins & Stockworks
For personal use only EAST YILGARN Hole EY4003 - Mineralised Quartz Veins & Stockworks 534.4m to 538.5m Assay Results Pending Quartz veining with colloform texture
Slide 12: Loongana – Pt + Pd, Au & Ni-Cu
For personal use only LOONGANA – Pt + Pd, Au & Ni - Cu Strong geophysical targets under cover North 1m @ 2.67 g/t Au 368 to 369m Platinum + Palladium & ‘Nova’ style nickel targets associated with layered intrusive complex identified from sparse, poorly targeted historical drilling New 3D Inver
Slide 13: Loongana – 3D Geological Model
For personal use only LOONGANA – 3D Geological Model Geological model generated by combining magnetic & gravity data from Loongana Complex Confirmation of Helix Platinum & Palladium Results
Slide 14: Loongana – Tenement Outlines
For personal use only LOONGANA – Tenement Outlines MRG Holds Core of Loongana Complex New FMG Licence Applications Existing MRG Loongana Licence New MRG Application
Slide 15: Xanadu Prospect Scale Drilling
For personal use only XANADU Prospect Scale Drilling Drill testing of Asterix soil anomaly 200m x 100m Drill testing of 2 Pertinax Au soil anomalies 400m x 150m each Gas Pipeline Legend Step out drilling at Cleopatra to Major Faults define +100,000 Oz Au Prospect Names MRG RC Drilling 2014 Gold > 1g
Slide 16: Xanadu New Pertinax Target North of Claudius
XANADU New Pertinax Target North of Claudius NEW ZONE IDENTIFIED BY SOIL SAMPLING AND GEOPHYSICAL ANALYSIS For personal use only No previous drilling Coherent Au (+ pathfinder elements) in soil (up to 67ppb Au) in similar structural position to Mt Olympus deposit (+1m oz Au) Infill soil sampli
Slide 17: Queensland Iron Oxide Copper Gold Projects
QUEENSLAND IRON OXIDE COPPER GOLD PROJECTS Increased Copper Focus For personal use only • Undercover IOCG geophysical targets within the Mount Isa block • 3 Recently granted licences • Applications under the Collaborative Drilling Initiative • Geophysical surveys as a precursor to drilling - Aeromag
Slide 18: Kalgoorlie East & Balagundi
KALGOORLIE EAST & BALAGUNDI KALGOORLIE EAST Targeting narrow high grade lodes – Kambalda For personal use only type Ni mineralisation & Boorara style Au 8m @ 0.21 g/t Au & 4930ppm arsenic mineralisation MLTEM & ground magnetics- targets Lateritic nickel identified and drilled Lateritic nicke
Slide 19: Fraser Range Regional
For personal use only FRASER RANGE REGIONAL Yilgarn Craton Albany Fraser Orogen Loongana Madura Block Yardilla MRG Fraser Range North
Slide 20: Yardilla
YARDILLA • 2 year option to acquire 100% of 2 For personal use only granted exploration licences located Archean Greenstone on the boundary between the Kurnalpi Terrain of the Yilgarn Craton and the Albany-Fraser Orogen • MRG holds an adjoining Licence • The Archaean Yilgarn Craton hosts MRG Tenemen
Slide 21: Yardilla
For personal use only YARDILLA
Slide 22: Expenditure
For personal use only Expenditure Expenditure 2013 Indicative Budget 2015 All projects $860,000 Xanadu Expenditure 2014 Geochemistry & Drilling $175,000 All projects $1,070,000 Loongana Drilling $300,000 Queensland IOCG Geophysics & Drilling $250,000 Yardilla Geochemistry $75,000 East Yilgarn Geoche
Slide 23: Summary
Summary 2013 • Integration of Sasak technology into MRG - refocus For personal use only • Restructure - non-performing projects divested, portfolio review undertaken, flew East Yilgarn airborne survey, ground surveys • Drill a new target every quarter & Ni target drilling at Kalgoorlie East – Q4 201