Matsa Resources Ltd · ASX:MAT
Matsa Resources — Investor Presentation (June 2018)
27 slides from Matsa Resources's investor presentation, June 2018
Slide 1: A Vibrant and Growing Gold Producer in a World Class District
A Vibrant and Growing Gold Producer in a World Class District Paul Poli Executive Chairman
Slide 2: Important Notice
Important Notice Disclaimer and Forward Looking Statements This presentation has been prepared by Matsa Resources Limited (“Matsa” or the “Company”). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentati
Slide 3: Corporate Overview
Corporate Overview Corporate Structure Directors Stock Code ASX: MAT Paul Poli Executive Chairman, Managing Director Shares on Issue 176.92 M Frank Sibbel Non-Executive Director Unlisted Options 13.7 M @ $0.25 - $0.30 Non-Executive Director & Company Andrew Chapman Secretary Market Capitalisation A$
Slide 4: Corporate Overview
Corporate Overview
Slide 5: Corporate Overview
Corporate Overview Fortitude Lake Corporate Carey Red October Project Build Cash and Liquid Acquired Project Acquired Project (Sept. 2016) Assets Occupied Camp and Drilled / Updated Resource Formed Critical Red Dog Project Infrastructure Relationships Fast Tracked Mining Approvals Commenced Mining A
Slide 6: Corporate Overview
Corporate Overview Complete Trial Mining at Fortitude Transition Fortitude to Full Scale Open Pit mine Commence Mining at Red Dog Commence Mining at Red October EXPLORE, EXPLORE and more EXPLORE Strengthen Balance Sheet Enhance Shareholder Value And EXPLORE Some MORE 6
Slide 7: Pathway to success
Pathway to success Well Funded ~$9M cash and liquid assets (14 June 2018) $3m debt facility due 31st July 2019 Continue to Develop Fortitude Stage 2 Red Dog Red October Build cashflow through mining Grow resources by exploration and acquisition Quality Exploration Projects Enviable location with wor
Slide 8: Diverse Project Portfolio
Diverse Project Portfolio Western Australian Projects Fortitude Gold Mine Resource 342,600 oz Au Red October Gold Mine Resource 99,000 oz Au Red Dog Gold Mine Resource 26,300 oz Au Symons Hill Nickel Exploration Killaloe Gold Exploration 8
Slide 9: Matsa’s Gold Resources
Matsa’s Gold Resources Indicated Inferred Total Resource Tonnes Au Tonnes Au Tonnes Au Au (t) (g/t) (t) (g/t) (t) (g/t) (Oz) Fortitude* 2,945 1.8 2,503 2.1 5,449 2 342,600 Red October 340 4.5 106 14.7 446 6.9 99,000 Red Dog 333 2.3 35 1.4 368 2.2 26,300 Total 3,757 2.2 2,646 2.7 6,403 2.4 467,900 Fo
Slide 10: Lake Carey Gold Project
Lake Carey Gold Project Near world class gold mines Sunrise Dam >10Moz, Wallaby >7Moz Granny Smith >2Moz Trial Mining completed at Fortitude Gold Mine with full-scale mining targeted for early 2019 Commencement of mining at Red Dog Gold Mine early August 2018 Underground mining targeted at R
Slide 11: Fortitude Trial Mine
Fortitude Trial Mine Ore Purchased by AngloGold Ashanti Limited “AGAA” establishing excellent working relationship (world class producer) Mining started 25th July 2017, completed 27th April 2018 1st gold ore delivered to SDGM on 30th Sept 2017, total of 162,003 tonnes of gold ore were mined du
Slide 12: Fortitude Trial Mine - Outcomes
Fortitude Trial Mine - Outcomes Trial mine confirmed relationship with AGAA which worked well AGAA proved to be supportive and professional SDGM treatment plant proved to be an ideal arrangement for Matsa being efficient and in close proximity to operations Supergene ore estimated from explo
Slide 13: Fortitude Transition to Stage 2 Open Pit
Fortitude Transition to Stage 2 Open Pit Fortitude 6757000mN 6757250mN Long Section 400mRL Trial Pit Stage 2 Pit 300mRL 200mRL Resource outline 100m “A Picture says a thousand words” 13
Slide 14: Fortitude Mine Geology
Fortitude Mine Geology Gold mineralisation is associated with the NS Fortitude Shear Zone Mineralisation in near vertical, sheeted quartz veins Thicker higher grade shoots plunge to north at ~30o 14
Slide 15: Fortitude Transition to Stage 2 Open Cut Pit
Fortitude Transition to Stage 2 Open Cut Pit Fortitude Stage 2 Mine All mining permits are in place Potential of 40,000 oz. gold p.a. over a minimum of 2 years Feasibility and optimisations of Stage 2 expected during 2018 Stage 2 subject to favourable outcome of studies and gold price Subs
Slide 16: Red Dog Gold Project
Red Dog Gold Project Located 25km SW of Fortitude gold mine and 28km south of Red October gold mine Gold resource of 368,000t at 2.2g/t Au for 26,300oz gold Very shallow (from 2-10m depth) flat lying mineralisation 1 to 14m thick All mining approvals in place allowing immediate commencemen
Slide 17: Red Dog Gold Mine
Red Dog Gold Mine Mining expected to be completed within 12 weeks of August 2018 Mining studies and financial model well advanced Close to existing haul road and other infrastructure Tendering for mining and haulage completed, and awarding of contracts in progress Ore purchase agreement ne
Slide 18: Red October Project
Red October Project ~44km2 of granted mining tenements contiguous to Lake Carey Gold project Excellent acquisition of 100% interest for cash and scrip valued at $2M Red October is a high-grade narrow vein gold deposit with significant exploration potential Historical production of 342,000oz
Slide 19: Red October Gold Mine
Red October Gold Mine Tenements contiguous to Lake Carey strategically positioned and increases project area Underground Gold resource currently 85,000 oz @ 13.6 g/t Au Mining studies underway to commence mining with 27 areas already identified as having potential for mining Goal to restart
Slide 20: Significant Upside Red October Gold Mine
Significant Upside Red October Gold Mine A number of targets outside the current resource already identified for future diamond drilling from surface and underground Bruce Lode, Nemo and Eastern Breaks represent exciting targets for near mine mineralisation Extensions to known resources such a
Slide 21: Significant Exploration Upside Red October
Significant Exploration Upside Red October High priority exploration targets identified from past exploration data * Highly anomalous aircore intercepts in fold closure along strike from Red October with reported values up to 2.49 g/t Au Gold anomalous intercepts at Nautilus over distance of 3
Slide 22: Lake Carey - Exploration Upside
Lake Carey- Exploration Upside Large tenement package (~600km2) Considerable scope for regional exploration success 25,000m of aircore drilling programme already defined 4 high priority gold targets (BE 1 – BE 4) Infill aircore and diamond drilling at BE 1 identify gold mineralised dacite po
Slide 23: Lake Carey - Exploration BE1
Lake Carey- Exploration BE 1 700m long zone of gold mineralisation in dacite intrusion Significant gold assays include: 21m @ 1.84 g/t Au from 87 Incl. 7m @ 5.17 g/t Au Incl. 1m @ 17.2 g/t Au 2m @ 25.3 g/t Au from 93m Incl. 1m @ 39 g/t Au Mineralisation open to the north and east Further dia
Slide 24: New Exploration Programme
New Exploration Programme Aircore drilling was completed on two high priority gold targets at Lake Carey The programme comprise 97 aircore drillholes for a total of 9,730m of drilling Assay results are awaited Target 1 (Bindah North) • located north of target BE4 (best result 3m @ 2.62 g/t A
Slide 25: Lake Carey - A great place to be
Lake Carey- A great place to be Existing Gold resources in prolific gold mining district Very large neighbouring gold mines providing infrastructure and opportunities Nearology breeds confidence, “the best place to look for gold is near existing gold” Aggressive exploration drilling achievin
Slide 26: FY2018 Value Drivers
FY2018 Value Drivers A clear and committed growth plan Current gold mine and production fully funded Aggressive exploration and development program Portfolio of projects across gold, copper and nickel Experienced and committed board and management Strong balance sheet – cash and liquid a
Slide 27: Contact
Contact Paul Poli Executive Chairman Suite 11, 139 Newcastle Street Perth, Western Australia 6000 +61 8 9230 3555 reception@matsa.com.au 27