Medallion Metal Ltd · ASX:MM8
Medallion Metal — Medallion Metals — 121 Mining Investment Conference Melbourne 2023
20 slides from Medallion Metal's conference presentation, May 22, 2023
Slide 1: ASX announcement: 121 Mining Investment Conference
22 May 2023 ASX:MM8 121 Mining Investment Conference For personal use only Medallion Metals Limited’s Managing Director, Paul Bennett, will be providing a series of investor updates at the 121 Mining Investment Conference this week. The presentation to be delivered is attached. This announcement is
Slide 2: Capitalising on Critical Mass
For personal use only CAPITALISING ON CRITICAL MASS 121 Mining Investment Melbourne Investor Presentation May 2023 ASX: MM8 medallionmetals.com.au |
Slide 3: Important Notices
Important Notices Nature of Document: This presentation has been prepared and issued by Medallion Metals Ltd (Company) to provide general information about the Company. The information in this document is in summary form and should not be relied upon as a complete and accurate representation of any
Slide 4: Value proposition
Value proposition BELT SCALE OPPORTUNITY For personal use only Multi-Million Ounce potential, Tier 1 Jurisdiction LARGE ESTABLISHED RESOURCE 1.6Moz AuEq @ 2.6g/t near surface, open DE-RISKING FOR DEVELOPMENT Licences, Approvals, Infrastructure in place, PFS underway DOLLARS IN THE GROUND 54,000m com
Slide 5: Corporate Overview
Corporate Overview Corporate structure (ASX: MM8) John Fitzgerald Non-Executive Chair Mr Fitzgerald has over 30 years’ resource financing and advisory experience having as at 18 May 2023 held roles with Rothschild, Investec, CBA, HSBC and Optimum Capital. He is a Non- For personal use only Executive
Slide 6: Peer comparison
Peer comparison EV/Resource ($/oz) Select ASX Peers: At $13/oz (AuEq), Medallion provides significant value relative to ASX WA Gold For personal use only $140/oz Peers, at a peer leading 3.00g/t 2.60g/t 2.60g/t Resource grade profile $120/oz 2.50g/t 2.10g/t $100/oz 2.00g/t 1.70g/t $80/oz 1.50g/t 1.5
Slide 7: Ravensthorpe Gold Project – critical mass with upside
Ravensthorpe Gold Project – critical mass with upside MM8 has the dominant landholding across the Annabelle Volcanics 40km of prospective stratigraphy For personal use only 130koz Au and 20kt Cu metal produced Flotation field, 50:50 value split from Au/Cu South of RGP, Archaean dips beneath
Slide 8: Focus & Investment by MM8
Focus & Investment by MM8 Discover Trilogy in 1997, Tectonic acquire Barrick’s share of JV. Competing RGP focus For personal use only Fragmented ownership targeting Boddington RAV8 operating to 2007. Trilogy DFS in priorities, MRE, FS, permits & analogy. Proterozoic 2011. RGP sidelined resource exte
Slide 9: Kundip Mining Centre – low risk profile, significant upside
Kundip Mining Centre – low risk profile, significant upside KMC is a strongly mineralised, multi-deposit, medium 90koz @ 2.8g/t grade Au-Cu system Not typical of WA goldfields, units (andesites vs basalts), For personal use only chemistry (calc-alkaline vs tholeiitic) 60koz @ 1.4g/t Grade vari
Slide 10: January 2023 MRE: 19.5Mt @ 2.6g/t for 1.6Moz AuEq
January 2023 MRE: 19.5Mt @ 2.6g/t for 1.6Moz AuEq 2.5km system strike length & open ~44,000m of new 1.3Moz Au @ 2.1g/t 59kt Cu @ 0.3% 1.6Moz AuEq @ 2.6g/t For personal use only drilling informs MRE +93% +238% +112% Gem Restored Indicated Inferred N Flag Gem Isometric projection of Kundip MRE, lookin
Slide 11: Multiple discovery opportunities within KMC
For personal use only Multiple discovery opportunities within KMC A’ A Section A-A’ No drilling ? medallionmetals.com.au | 10
Slide 12: High conversion to mineable shapes
High conversion to mineable shapes Indicated Inferred For personal use only Open pit 13.8Mt 2.3g/t AuEq 1.0Moz AuEq Underground 1.8Mt 5.4g/t AuEq 0.3Moz AuEq Total 15.5Mt 2.7g/t AuEq 1.3Moz AuEq 77% MRE conversion to mineable shapes, 58% in indicated category, 22% oxide millmedallionmetals.com.au *R
Slide 13: Kundip Mining Centre – Deflector Analogy
For personal use only Kundip Mining Centre – Deflector Analogy 1.5Moz 1.3Moz Deflector basis of development 0.6Moz Deflector South-West exploration development face (SLR: ASX announcement 5 June 2020) Source: SLR Resource & Reserve Statement (SLR: ASX 20 October 2022) RGP analogous to Deflector -
Slide 14: Achievements & Outlook
Achievements & Outlook PFS results Successful Technical and Commercial Milestones Permitting In-fill and extensional For personal use only MRE drilling ~ 54,000m of RC & DDH completed ~ 1.6Moz PFS Testwork AuEq Ongoing MRE update MQ21 JQ21 SQ21 DQ21 MQ22 JQ22 SQ22 DQ22 Step out Start PFS Drill prep
Slide 15: A Compelling Opportunity
A Compelling Opportunity Advanced gold and copper exploration in WA For personal use only Focused investment in the assets leading to significant growth Experienced Management and Board in financing, building and operating assets Critical mass achieved at KMC with multiple near mine and regional gro
Slide 16: Appendices
For personal use only Appendices medallionmetals.com.au | 15
Slide 17: Appendix 1: RGP Mineral Resources
Appendix 1: RGP Mineral Resources Mineral Resource Estimate for the Ravensthorpe Gold Project, January 2023 Mineral Resource Estimate for the Kundip Mining Centre - January 2023 Indicated Inferred Total Resources kt Au g/t Au koz Cu % Cu kt kt Au g/t Au koz Cu % Cu kt kt Au g/t Au koz Cu % Cu kt AuE
Slide 18: Appendix 2: JORC Disclosures
Appendix 2: JORC Disclosures COMPETENT PERSONS STATEMENT The information in this announcement that relates to Exploration Results is based on, and fairly represents information and supporting documentation prepared by Mr David Groombridge, a Competent Person who is a Member of the Australasian Insti
Slide 19: Appendix 3: Detailed Peer Data
Appendix 3: Detailed Peer Data Development Stage Market Cap Cash & Investments Debt Measured Indicated Inferred Total Reserves Ticker Company EV Source (5) (3) (1) (2) (2) (4) (4) (4) (4) (4) (A$ Millions) koz g/t koz g/t koz g/t koz g/t koz g/t For personal use only MGV Musgrave Minerals Ltd Resour
Slide 20: For personal use only
For personal use only medallionmetals.com.au |
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