Maritana Minerals Limited · ASX:MRT
Maritana Minerals — Horizon Minerals — Shareholder Meeting (November 2019)
19 slides from Maritana Minerals's shareholder meeting presentation, Nov 29, 2019
Slide 1: For personal use only
For personal use only
Slide 2: Disclaimer and forward-looking statements
For personal use only • This Presentation is provided on the basis that neither the Company nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives or advisers, make any representation or warranty (express or implied) as to the accuracy,
Slide 3: Emerging mid-tier gold producer in the West Australian goldfields
For personal use only Horizon Minerals Limited is an emerging mid-tier gold producer with high quality projects located in the heart of the West Australian goldfields. The Company is led by a Board and Management team with deep experience developing and operating successful gold mines within the Kal
Slide 4: Board and Management; share price and capital overview
For personal use only Board and Management 12 Month share price (A$) Peter Bilbe, Non-Executive Chairman Ashok Parekh, Non-Executive Director 0.18 Jeff Williams, Non-Executive Director 0.16 Jon Price, Managing Director 0.14 Grant Haywood, Chief Operating Officer 0.12 Andrew Pumphrey, General Manager
Slide 5: Priorities: resource expansion and new discovery drilling
For personal use only • Continue resource expansion and new discovery drilling with high priority targets including Anthill, Binduli, Blister Dam and Teal • 30-40,000m planned within a A$3-4 million budget • Grow the current Resource and Reserve position • Complete development options review for Goo
Slide 6: Year in review: drilling, resource growth and merger
For personal use only • Resource expansion and new discovery drilling completed at all core project areas • 37,000m of drilling completed at total cost of $3.4m • Resources grew 54% to 667,500oz at a discovery cost of $14.50/oz • Upgraded resources for Teal and Anthill, maiden resource for Crake • D
Slide 7: Exclusivity Deed with Focus Minerals for Coolgardie Gold Project
For personal use only • Exclusivity Deed signed with Focus Minerals Ltd (ASX: FML) for potential acquisition of the Coolgardie Gold Project 1 • Deed extended by three months on 2 July 2019 and a further 2 months on 9 October 2019 with expiry now 17 December 2019 • Focus has informed Horizon that it
Slide 8: Boorara project near Kalgoorlie
For personal use only • Located 10km east of Kalgoorlie in world class goldfield • Estimated Mineral Resource of 507,000oz Au1 • Trial mining and processing in 2016 outperformed resource model 2 • 18,000m grade control program commenced at Royal, Regal and Crown Jewell on a 8 X 5m drill pattern to 6
Slide 9: Core growth projects around Boorara
For personal use only • Core growth projects within 65km radius of Boorara including Teal, Binduli, Windanya, Baden Powell, Capricorn, Balagundi, Kanowna Sth and Lakewood • Estimated Mineral Resource of 350koz1 • Recent drilling results from Crake prospect at Binduli included2: o 23m at 4.16g/t Au f
Slide 10: Coolgardie region projects
For personal use only • Projects within 65km radius of Coolgardie including Anthill, Blister Dam, Area 54 and Yarmany • Estimated Mineral Resource of 125koz (Anthill)1 • Dominant land position on the relatively untested Mt Ida Shear with geophysical, field reconnaissance and soil surveys underway •
Slide 11: Joint ventures and divested projects
For personal use only • JVs provide exposure to active projects with quality partners while focus remains on building a mid-tier gold business • Ability to realise immediate value when it makes sense – Lehman’s JV sold for A$2.5M cash and 2.5% royalty. • Menzies and Goongarrie divested for $8m in ca
Slide 12: Upcoming milestones and timeline
For personal use only Complete 18,000m Compile grade control On successful mine Complete technical and grade control drilling drilling model, mine evaluation, commence approvals work on all program at Boorara and optimisation, design mining for toll milling to development assets to advance approvals
Slide 13: Acknowledgements
For personal use only To the Board, management team and staff who have worked tirelessly throughout the year to position the business for continued success in 2020 To the MacPhersons team, welcome and thankyou for all the hard work during the merger of our two Companies To the drillers, laboratory t
Slide 14: Contact details
For personal use only Jon Price Managing Director T: +61 (08) 9386 9534 F: +61 (08) 9389 1597 E: info@horizonminerals.com.au W: www.horizonminerals.com.au PO Box 1104 Nedlands WA 6909 163 Stirling Highway Nedlands WA 6009 14
Slide 15: Appendix
For personal use only 15
Slide 16: Board and management biographies
For personal use only Jon Price, Managing Director Peter Bilbe, Non-Executive Chairman • Metallurgist with more than 27 years’ experience • Mining Engineer with over 40 years’ experience • Former GM of St Ives and Paddington gold mines and founding Managing Director of • Has held senior management p
Slide 17: Summary of gold and vanadium mineral resources
For personal use only Horizon Minerals Limited – Summary of Gold Mineral Resources (at a 1g/t Au cut-off grade) Project Cut-off Measured Indicated Inferred Total Resource Grade Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Teal 1.0 2.91 2.08 194,848 1.34 2.19 94,140 4.25 2.11 289,000 A
Slide 18: Boorara and Nimbus resources
For personal use only Boorara Gold Resource (at a 0.5 g/t Au cut-off grade) Nimbus All Lodes (bottom cuts 12 g/t Ag, 0.5% Zn, 0.3 g/t Au) Category Tonnes Grade Ounces Category Tonnes Grade Grade Grade Ounces Ounces Tonnes Mt Au (g/t) (k'000) Ag Au Mt Ag (g/t) Au (g/t) Zn (%) (k'000) (Moz's) (k'000)
Slide 19: Forward-looking statements
For personal use only • As noted on Slide 2, some statements in this Presentation regarding estimates or future events are forward looking statements. They include indications of, and guidance on, future earnings, cash flow, costs and financial performance. Forward looking statements include, but ar
Horizon Minerals — Shareholder Meeting (November 2019) on 6ix