Metal Bank Ltd · ASX:MBK
Metal Bank — Shareholder Meeting (November 2021)
25 slides from Metal Bank's shareholder meeting presentation, Nov 29, 2021
Slide 1: Annual General Meeting
For personal use only Annual General Meeting Building a Gold and Copper Company FOCUSSED ON GROWTH 29 NOVEMBER 2021 ASX: MBK
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer For personal use only Purpose of this document This presentation dated 29 November 2021 has been prepared by Metal Bank Limited ACN 127 297 170 (MBK) for general information purposes using the information available to MBK at the time of publication. Summary informati
Slide 3: Important Notices and Disclaimer
Important Notices and Disclaimer For personal use only Future performance This Presentation contains certain “forward-looking statements” and comments about future events, including statements regarding MBK’s intent, belief or current expectations with respect to MBK’s business and operations, explo
Slide 4: Important Notices and Disclaimer
Important Notices and Disclaimer For personal use only JORC Code It is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and Ore Reserves (JO
Slide 5: Metal Bank Limited Overview
Metal Bank Limited Overview For personal use only Aggressive business development strategy focussed on diversification and growth through 2021 has resulted in a significant portfolio of advanced exploration projects: • Earn-in option over the Millennium copper-cobalt-gold project in Qld • Agreemen
Slide 6: Building a Gold and Copper Company
Metal Bank Limited Building a Gold and Copper Company For personal use only Significant Acquisition – Livingstone Gold Project in WA Existing JORC 2004 Inferred Resource of 49,900 ounces Au1 at the Homestead prospect Exploration by Kingston confirms extensive gold mineralisation over ~40km strik
Slide 7: Transaction Highlights
Transaction Highlights Commercial terms and funding For personal use only Livingstone Agreement with Kingston Resources to acquire its subsidiary Westernx Pty Ltd and its 75% interest in the Livingstone Project Consideration: • $2.5M cash and $1M consideration shares and options • $6.5M in defer
Slide 8: Capital Raising Overview
Transaction Highlights Capital Raising Overview For personal use only Offer size and structure Entitlement Offer of 2 shares for every 3 held at Offer Price of $0.008 to raise up to $6.34M 1 for 2 free attaching option exercisable at $0.016, expiring 7 December 2023 Offer partially underwritte
Slide 9: Livingstone Gold Project
Livingstone Gold Project For personal use only An advanced exploration project covering the entire western arm of the Proterozoic Bryah-Padbury Basin (Host to Fortnum, Horseshoe, Hermes and Peak Hill gold deposits, with DeGrussa copper-gold further east) 395km1 granted tenure JORC 2004 Inferred R
Slide 10: Livingstone Expansion Potential
Livingstone Expansion Potential For personal use only Three ‘drill-ready’ targets exist in the Kingsley, Livingstone and Homestead gold prospects Kingsley (Au) deposit with mineralisation defined over 1km of strike and open, with MBK Exploration Target of 660 to 770 Kt grading 1.3 to 1.5g/t Au fo
Slide 11: Kingsley Gold deposit
Kingsley Gold deposit For personal use only Drill-ready MBK Exploration Target1 of 660 to 770 Kt grading 1.3 to 1.5g/t Au for a total of 30,000–34,000oz Au using a nominal 0.5 g/t Au cut-off Shallow mineralisation open to the east, west and south Immediate work priority to convert to Indicated Re
Slide 12: Kingsley cross section
Kingsley cross section For personal use only Shallow high grade intersections1 Forms coherent zones amenable to open cut mining Numerous high-grade Au zones within broad, shallow mineralisation Deposit open to the west section line 1 . MBK ASX Release “Livingstone Acquisition and Entitlement Off
Slide 13: Livingstone North
Livingstone North For personal use only Historical mining activities, limited drilling in the 1980s with high-grade drilling intercepts >18g/t Au - never followed up 600m NE of Kingsley deposit Walk up drilling target - comprehensive drilling program planned to define Exploration Target size Ext
Slide 14: Livingstone North
Livingstone North For personal use only 2km x 2km Livingstone North target with significant and extensive soil Au anomaly 600m NE of Kingsley deposit LIVINGSTONE NORTH Limited historical drill testing No drill testing below 25m depth Budget $200-300k KINGSLEY Image credit: Kingston Resources 14
Slide 15: Livingstone prospects and targets
Livingstone prospects and targets For personal use only Multiple Au targets extending ~40km of strike1 Work program: prioritise and drill inadequately tested Au targets such as Hilltop and Stanley Resource extension drilling at Homestead Budget $100-200k 1 MBK ASX Release “Livingstone Acquisitio
Slide 16: Livingstone Expansion Potential
Livingstone Expansion Potential For personal use only PROJECT STATUS ADVANCEMENT PLAN (2022) Defined Resource (50koz – Homestead Resource extension 100koz+ Au) (JORC Resource drilling 49koz Au) Advanced exploration drilling to Resource drill-out Resource Targets Kingsley, Livingstone - Livingstone N
Slide 17: Millennium Copper & Cobalt Project
Millennium Copper & Cobalt Project For personal use only The Millennium Project, near Cloncurry in NW QLD, holds an inferred 2012 JORC resource of 5.9Mt @ 1.08% CuEq1 across 5 granted Mining Leases with significant potential for expansion MBK has an exclusive option to earn up to an 80% interest p
Slide 18: Millennium Location & Growth Potential
Millennium Location & Growth Potential For personal use only Location: Significant Resource Growth Potential: Very close to Rocklands Encouraging MBK deposit and 2021 Resource- processing marginal drill plant intersections1 Central Resource zone mining region open along strike known for and
Slide 19: Millennium Cu-Co Growth Plan
Millennium Cu-Co Growth Plan For personal use only GROWTH PLAN – Demonstrate Exploration Target1 8-10Mt+ @ 1.0-1.1% CuEq within 12 months Phase 1 – $450k for 1800-2000m RC/DD Exploration Target scoping program • Test open Southern and Central shoots at depth, shallow Northern Area extension/infill
Slide 20: 8 Mile Advanced Gold Project
8 Mile Advanced Gold Project For personal use only Located near Mt Rawdon gold mine (2Moz) Multiple large-scale gold targets along >3.6km mineralised corridor at Eastern Target Flori’s Find system 400m+ along strike and 200m+ at depth Open at depth and along strike NE Underlying porphyry i
Slide 21: Wild Irishman New Tenement Grant
Wild Irishman New Tenement Grant For personal use only Southern Extensions to Floris Find at 8 Mile EPM 27693 “Wild Irishman” granted adjacent to the 8 Mile Project Wild Irishman expands the existing 8 Mile Project area, and allows exploration for potential southern extensions to the Floris Find
Slide 22: Eidsvold Project
Eidsvold Project Alteration Zones & Planned Work For personal use only Tenure over the historic Eidsvold Goldfield (100koz+ Au) Looking for the big target – the ‘driver’ 2021 Great Eastern Target drilling intersected strong alteration zones, broad enrichment and narrower high-grade mineralisation r
Slide 23: Looking Ahead
Looking Ahead Focussed on Growth: existing projects & new acquisitions For personal use only Livingstone - Gold Aggressive exploration work program planned to target short term Resource growth Millennium - Copper & Cobalt MBK intends to exercise option for stage 1 earn-in to 51% upon finalising earn
Slide 24: Experienced Team
Experienced Team With a track record of success For personal use only Inés Scotland – Executive Chair: Former MD of Citadel Resource Group and CEO of Ivanhoe after working for large scale gold and copper companies in Australia, PNG, USA and the Middle East Sue-Ann Higgins – Executive Director and Co
Slide 25: Contact us
Metal Bank Limited contact us For personal use only ASX Code: MBK www.metalbank.com.au Inés Scotland Executive Chair Ines@metalbank.com.au Sue-Ann Higgins Executive Director and Company Secretary sue-ann@metalbank.com.au 25