Maritana Minerals Limited · ASX:MRT
Maritana Minerals — Investor Presentation (October 2017)
22 slides from Maritana Minerals's investor presentation, Oct 6, 2017
Slide 1: Intermin Resources Ltd – UK/Europe Roadshow Investor Presentation
ASX Code: IRC, IRCOA Intermin Resources Ltd SELF FUNDING THE SEARCH FOR AUSTRALIA’S NEXT GOLD DISCOVERY U K / E U ROP E ROA D SHOW I NV ESTOR P R ESE NTAT I ON OCTOB E R 2017 www.intermin.com.au iadmin@intermin.com.au Tel +61 8 9386 9534
Slide 2: Disclaimer and Forward Looking Statement
Disclaimer and Forward Looking Statement This Presentation is provided on the basis that neither the Company nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers, make any representation or warranty (express or implied) as
Slide 3: Presentation Agenda
Presentation Agenda 1 Company Overview 2 Teal Mining Project 3 Goongarrie Lady Mining Project 4 Exploration Project Pipeline 5 Joint Venture Projects 6 Growth through acquisition 7 Conclusion 3
Slide 4: Company Introduction
Company Introduction • High quality landholding in the Goldfields of Western Australia • Strong leadership with extensive WA gold mining and exploration experience • Growth strategy centered on discovery and resource expansion through exploration • Generating near-term cash by developing gold projec
Slide 5: Corporate Overview
Corporate Overview Overview M Ordinary shares on issue 221.8 Listed Options ($0.17, 31 Aug 2018) 25.5 Share price (12mth $0.08 – $0.16) $0.098 Market capitalisation ~A$22 Cash position (as at 30 Sept 2017) A$5.5 Listed investments – (ASX:RWD) A$1.5 Debt Nil Top 20 shareholding 64% Directors 5% 5
Slide 6: Board and Senior Management
Board and Senior Management Board and management team +100yrs collective experience in WA Goldfields Non-Executive Chairman Managing Director Peter Bilbe Jon Price • Mining Engineer with over 40 years’ experience • Metallurgist with more than 27 years’ experience • Has held senior management positio
Slide 7: Asset Overview
Asset Overview • Quality gold assets in the heart of the WA goldfields • 100% ownership of 380km2 on Bardoc, Abattoir and Zuleika shear zones in close proximity to Kalgoorlie • 180km2 acquired in last 12 months • Limited modern exploration in last 20 years • Walk up drill targets for new discovery e
Slide 8: Building Project Pipeline
Building Project Pipeline Increasing Reserves Teal Confidence St 1 & 2 Advanced Mining Projects Goongarrie Lady, Teal Stage 3 Mine Optimisation Studies and Resource drilling Anthill, Peyes Farm, Jacques Find, Teal deeps, Baden Powell Resources New discovery Blister Dam, New Mexico, Windanya, Olympia
Slide 9: Teal Mine – Generating Cash
Teal Mine – Generating Cash • First mining project commenced at Teal Stage 1 in November 2016 • Structured in lower risk profit share alliance with mining contractor RM Contracting • Approximately 64% of planned Stage 1 ore mined by 30 September of 115kt grading 3.2g/t Au • Processing through third
Slide 10: Teal Stage 2 commenced and Stage 3 under feasibility
Teal Stage 2 commenced and Stage 3 under feasibility • Positive mill reconciliation, grade control model review and pit mapping identified additional oxide ore to the east and south • Stage 2 East wall cutback has commenced adding 2,800oz and $1.1m cash by March Qtr1 • Additional ore identified with
Slide 11: Goongarrie Lady – Next Mining Project
Goongarrie Lady – Next Mining Project • Positive Scoping Study completed • Planned mining of 140kt of ore grading 3.4g/t Ore Haulage 2.2km to Goldfields Highway over seven months • Processing through third party milling facility – negotiations nearing completion • Highly profitable with forecast All
Slide 12: New Discovery Targets
New Discovery Targets • All projects within significant gold bearing shear zones surrounded by large mining companies • Several recent new discoveries are testament to the potential of the region • High priority walk up drill targets identified at: • Blister Dam / New Mexico • Anthill and Anthill ex
Slide 13: Major FY18 Drill Program 60% complete
Major FY18 Drill Program 60% complete • Largest ever drill program of 32,000m for FY18 – 50% of drilling budget on greenfields targets • Targeting based on results of recent drill campaigns and six month review of geological, geochemical, geophysical and historic databases • Program to target the An
Slide 14: Eastern Goldfields JV
Eastern Goldfields JV • Joint Venture with Eastern Goldfields for Menzies and Goongarrie projects secured in September 20161 • Objective to build sufficient mining inventory to support a new high-grade mill in the Mount Ida / Menzies region • Eastern Goldfields to sole fund and manage $5.5M in explo
Slide 15: Strategic Joint Ventures
Strategic Joint Ventures1-4 $21m total spend from quality JV partners at no cost to IRC offers significant value upside Evolution Mining (ASX:EVN) AXF Resources (Private) Binduli JV - Gold Richmond JV (QLD) - Vanadium-Molybdenum • EVN can earn 70% after $4.6M spend by 20201 • Can earn 75% after $6M
Slide 16: Growth Through Acquisition
Growth Through Acquisition • Eight acquisitions completed to date1 • Added 180km2 of prospective tenure • Prospects have had little to no modern exploration • The recent Anthill gold project acquisition2 is the exception: • Sits within the prolific Zuleika and Carnage shear zones • Resource of 160,0
Slide 17: Growth Strategy
Growth Strategy1 • Focus on gold in Australia, Intermin’s core competency • Five key growth pillars: 1. Develop advanced mining projects to generate cash 2. Self fund aggressive exploration targeting large scale new discoveries, future mine developments and further asset acquisitions 3. Incrementall
Slide 18: Conclusion
Conclusion • High quality landholding in Western Australia, a safe and world class jurisdiction • Strong leadership with extensive WA gold mining and exploration experience • Growth strategy in place and being delivered on • Increasing cash balance with organic growth fully self funded • Aggressivel
Slide 19: Contact Information
Contact Information ASX Code: IRC, IRCOA Jon Price MSc (Mineral Economics) MAusIMM, MAICD Managing Director Lorry Hughes BSc (Geology) MAusIMM Director - Business Development Telephone +61 (08) 9386 9534 Facsimile +61 (08) 9389 1597 Email iadmin@intermin.com.au Postal Address PO Box 1104 Nedlands WA
Slide 20: Appendix – JORC Resource Statement
Appendix – JORC Resource Statement Deposit Measured Indicated Inferred Total Resource (1g/t cut-off) Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Menzies Pericles 0.530 2.49 42,500 0.530 2.49 42,500 Yunndaga 1.580 2.03 103,000 1.580 2.03 103,000 Bellenger/ Warrior 0.240 2.63 19,900 0.
Slide 21: Disclaimer and Forward Looking Statement
Disclaimer and Forward Looking Statement Some statements in this report 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 are not limi
Slide 22: Goongarrie Lady sections
LS Ue Goongarrie Lady sections intermin resources limited A w Water Level intermin resouraee Mmited ‘Au mineralisation Ca Conan 0 ‘Au mineralisation (02 oRAu) 0 25m ———a T 10850mE Volcanoclastics Intermin resourees Timited 22
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