Metal Hawk Ltd. · ASX:MHK
Metal Hawk — Paydirt Nickel Conference 2021
21 slides from Metal Hawk's conference presentation, Oct 5, 2021
Slide 1: The Commodore Nickel Sulphide Discovery
Paydirt Nickel Conference 5 October 2021 THE COMMODORE NICKEL SULPHIDE DISCOVERY ASX : MHK
Slide 2: Disclaimer
Disclaimer Summary information This Presentation has been prepared by Metal Hawk Ltd (Metal Hawk). This document contains background information about Metal Hawk current at the date of this presentation. The presentation is in summary form and does not purport be all inclusive or complete, it does N
Slide 3: Nickel and Gold in Western Australia
NICKEL AND GOLD IN WSA JV WESTERN AUSTRALIA Focused on early-stage discovery to generate maximum value growth for shareholders Quality portfolio of gold and nickel exploration projects Active exploration with over 40,000m drilled since ASX listing Nov 20 Up to 9.75 million JV expenditure com
Slide 4: Company Profile
COMPANY PROFILE DIRECTORS CAPITAL STRUCTURE Brett Lambert Non-Executive Chairman MHK Shares on issue 47,447,500 Mining Engineer +30 years experience. Current chairman of MCR and STN Will Belbin Managing Director Options on issue* 17,925,000 Exploration Geologist +20 years experience in WA nickel and
Slide 5: Berehaven Nickel Project – The Commodore Discovery
BEREHAVEN NICKEL PROJECT – THE COMMODORE DISCOVERY New komatiite-hosted MASSIVE NICKEL SULPHIDE greenfields discovery 20km from Kalgoorlie MHK recently consolidated tenure covers over 90km2 Tremendous further discovery upside with limited historical nickel exploration on MHK tenure 7
Slide 6: The Commodore Nickel Discovery – September 2021
THE COMMODORE NICKEL DISCOVERY – 9 September 2021 Massive nickel sulphides intersected in 2nd hole of maiden RC program 5.9% Ni Basal contact of high MgO ultramafic rocks Mineralisation consistent with Kambalda style komatiite hosted nickel deposits 6
Slide 7: The Commodore Nickel Discovery – BVNC002 Discovery RC Hole
THE COMMODORE NICKEL DISCOVERY – BVNC002 DISCOVERY RC HOLE 1m @ 5.9% Ni from 144m Mineralisation under cover of ~30m transported ferruginous clay and gravel Extremely weathered and leached gossanous zone directly above massive sulphides 7
Slide 8: The Commodore Nickel Discovery – BVNC002
THE COMMODORE NICKEL DISCOVERY – BVNC002 146m to 162m (EOH) Footwall felsic rocks 145m to 146m with minor sulphides 0.78% Ni at basal contact 144m to 145m Massive sulphides 5.89% Ni 132m to 144m Gossanous ultramafic (highly weathered komatiite) includes 9m @ 0.31% Ni, 185ppm Cu 18ppb Pt, 34ppb Pd 8
Slide 9: The Berehaven Project – Regional
THE BEREHAVEN PROJECT – REGIONAL Blair deposit produced 1.26Mt @ 2.62% Ni for 32,900 tonnes of contained nickel Several nickel sulphide occurrences near the Blair deposit but limited historical Ni exploration to the north MHK tenure* previously held and explored predominantly by gold companies
Slide 10: The Commodore Nickel Discovery – A New Geology Model
THE COMMODORE STRATEGIC PARTNERS SECURED NICKEL DISCOVERY - A NEW GEOLOGY MODEL Previous geology interpretation - no ultramafic rocks Unexplored for Ni sulphide Multiple untested NNW trending target zones over 10km of strike identified Extensive drill-testing and surface EM planned by MHK
Slide 11: Forward Plans at Berehaven – Q4 2021
FORWARD PLANS AT BEREHAVEN - Q4 2021 Diamond drilling – Oct 2021 RC drilling – Oct 2021 Downhole electromagnetic surveys (DHEM) Extensive regional ground EM surveys (MLEM) AC drilling to commence Nov 21 testing over 10km of strike 11
Slide 12: Leveraged to Exploration Success
LEVERAGED TO EXPLORATION SUCCESS WAs newest MASSIVE NICKEL SULPHIDE DISCOVERY Prospective Nickel and Gold projects in WA High-level of active exploration across multiple projects Earn-In and JV agreements with successful explorers WSA and CHN Up-to $9.75million JV expenditure with MHK free
Slide 13: Appendix – Other Projects
APPENDIX – OTHER PROJECTS
Slide 14: Eastern Goldfields Projects
EASTERN GOLDFIELDS PROJECTS Active programs on multiple projects for nickel and gold +40,000m of aircore (AC) drilled since ASX listing (Nov-2020) WSA commenced Nickel exploration 12,000m AC drilling program completed at Emu Lake (Ni, Au) MHK maiden RC drilling completed at Kanowna East (A
Slide 15: Kanowna East – Nickel (WSA JV)
Kanowna East – Nickel (WSA JV) UNDEREXPLORED ULTRAMAFICS 12km south and along strike of Poseidon Nickel’s Black Swan / Silver Swan Project 9km strike of prospective high-MgO rocks Historical AC intersections: • 21m @ 1.0% Ni (from 8m to EOH) • 23m @ 0.75% Ni (from 16m) 9km • 14m @ 0.62% Ni (from
Slide 16: Kanowna East – Gold (MHK 100%)
Kanowna East – Gold (MHK 100%) NEW GOLD TARGETS IDENTIFIED Western Tiger prospect: Broad zones of gold - 8m @ 4.53g/t Au from 75m mineralisation at the Little - - 6m @ 1.54g/t Au from 54m 6m @ 1.19g/t Au from 57m Lake and Western Tiger Prospects 408 AC holes (~25,000m) drilled since Nov 2020 Lit
Slide 17: Norseman and Albany-Fraser Projects
Norseman and Albany - Fraser Projects Viking Gold Project (CHN Earn-In) High-grade gold system 30km ESE of Norseman Norseman East Project Located <10km from Norseman surrounded by gold deposits Fraser South Project (WSA JV) Large landholding 80km south of Nova-Bollinger, with untested CHN Earn
Slide 18: Norseman Gold Projects
Norseman Gold Projects VIKING GOLD PROJECT Large gold system discovered in 2011 Advanced prospects identified, with only shallow drilling to date CHN to fund aggressive exploration and may earn a 70% interest by spending $2.75m over 4.5 years NORSEMAN EAST PROJECT Underexplored tenure adjacent t
Slide 19: Viking Gold Project – Beaker Prospect
Viking Gold Project – Beaker 2 Prospect EXTENSIVE ZONE OF HIGH GRADE SUPERGENE GOLD - 6m @ 64.0g/t Au from 50m - 4m @ 15.4g/t Au from 40m BEDROCK UNTESTED - 3m @ 15.3 g/t Au from 28m - 11m @ 3.1g/t Au from 14m - 3m @ 8.2 g/t Au from 40m 15
Slide 20: Fraser South Project
Fraser South Project CONSOLIDATED TENURE IN ALBANY-FRASER 40km strike of N-S trending metamorphic rocks under cover Belt-scale prospectivity Unexplored for Ni-Cu sulphides The “Hawk Eye” feature - similar to that at Nova, visible in aeromagnetics WSA Earning-In Fraser South Project WSA to mana
Slide 21: www.metalhawk.com.au
www.metalhawk.com.au