Slide 1: Creating value from advanced gold exploration in WA
ASX: GML ■ Consolidation of well-endowed Gidgee gold tenure in WA ■ Never exposed to modern exploration techniques ■ Targeting further shallow oxide discoveries and barely-tested potential at depth Creating value from advanced gold exploration Corporate Update in WA Peter Langworthy – March 2019 1
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer Forward Looking Statements ■ This presentation has been prepared by Gateway Mining Ltd (GML). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third par
Slide 3: Important Notice and Disclaimer – Competent Person Statement
Important Notice and Disclaimer Competent Person Statement ■ The information in this report that relates to Exploration Results or Mineral Resources is based on information compiled or reviewed by Mr Peter Langworthy who is a full-time employee of Gateway Mining Ltd and is a current Member of the Au
Slide 4: About Gateway Mining Limited
About Gateway Mining Limited CAPITAL STRUCTURE ASX Ticker GML Shares on Issue 936,845,927 Options attached to Entitlements Issue (3c) 63,684,593 Executive Performance Options 20,000,000 Cash @ Dec 2018 $1.3m Share Price $0.017 Market Capitalisation ~$16m Major Shareholders OMNI GeoX 14.41% Harmanis
Slide 5: Highly Successful and Experienced Board
Highly Successful and Experienced Board Trent Franklin Peter Langworthy Debbie Fullarton Scott Brown Kar Chua Non-Exec Chairman Managing Director Non Exec Director Non Exec Director Company Secretary • Company Director with 25 • Experienced Corporate Advisor • 33 years experience as explorer and pro
Slide 6: Overview
Overview ■ Gidgee Gold Project located 800km north-east of Perth, WA near the township of Sandstone ■ Large ground holding in a highly prospective area ■ Opportunity to add significant value in the short to medium-term through: ■ Resource evaluation ■ Exploration ■ Multi-million ounce deposit style
Slide 7: Strategy
Strategy ■ Rapid shareholder growth through: ■ Establishing a large gold resource base ■ Build a sustainable and profitable gold business ■ Major growth opportunities ■ Successful approach applied time and again: explore in and around known gold systems. Examples: ■ Northern Star (NST): $5.8 billion
Slide 8: The Opportunity for a Large-Scale Gold System
The Opportunity for a Large-Scale Gold System Whistler Montague Goanna GS Caledonian Windich Howards ■ Gateway (GML) ■ Red 5 (ASX: RED) ■ Current owner Goldfields Ltd ■ No effective exploration in last 28 years ■ Exploration-driven uplift over 4 months ■ First discovery in a +20Moz goldfield ■ Massi
Slide 9: Resource Evaluation – Whistler and Montague Gold Deposits
Resource Evaluation – Whistler and Montague Gold Deposits ■ Resource growth opportunities in the short term ■ Evaluate future mining scenarios ■ Open pit cutbacks ■ Underground ■ Early metallurgical and geotechnical assessment ■ Important information to unlock the key mineralisation controls across
Slide 10: Whistler Gold Deposit
Whistler Gold Deposit ■ Thick, coherent gold mineralization beneath pit ■ Strong high-grade component ■ Exceptional drilling results over last 12 months: December 2018 April-June 2018 ■21m @ 5.30g/t Au ■27.7m @ 4.0g/t Au (incl. 15(6.5)) ■15m @ 4.51g/t Au ■2.8m @ 79.2/t Au (incl. (0.5(440.1)) 200m ■
Slide 11: Montague Gold Deposit
Montague Gold Deposit ■ Recent RC drilling confirms major mineralised structure in immediate base of open pit ■ Follow-up drilling aimed at expanding mineralisation prior to resource estimation recently completed ■ Part of a ~3km highly prospective contact zone that is largely untested 11
Slide 12: Montague Gold Deposit
Montague Gold Deposit ■ Expanding potential: ■ 7-hole drilling program complete ■ Assays pending ■ Strong high-grade component ■ Mineralisation open in all directions ■ Identify parallel high-grade “shoots” ■ Expand mineralisation footprint ahead of maiden resource Drilling results include: ■ 5m @ 1
Slide 13: Montague Gold Deposit
Montague Gold Deposit ■ Confirmation of significant gold mineralised system ■ Open down-dip and along strike to the north and south ■ High-grade domains ■ Multiple targets ■ “New Discovery” at depth ■ Gordon’s Lode: 4m @ 24.2g/t Au ■ Drilling results include: GORDON’S LODE ■ 5m @ 11.5g/t Au 4 metres
Slide 14: Exploration Upside
Exploration Upside ■ Large, connected system ■ Target contact largely not tested(<30%) ■ Taking a broader view to fully understand potential – does it all link together? ■ Target rapid resource growth at: ■ Montague Extensions ■ Whistler Extensions ■ NE Pit – C2 ■ Our Jack ■ Rosie- S Bend ■ Regional
Slide 15: Exploration Upside
Exploration Upside ■ Located on the ~10km long highly prospective Eastern Margin ■ Immediate along strike of the Howards Deposit (200koz – owned by HRN) ■ 1.8km long coincident gold-silver anomaly ■ Requires 1st pass aircore drill testing See ASX announcements dated 2nd November 2018 for results det
Slide 16: M&A
M&A ■ MDI / AME ■ 1 March: MDI Offer to acquire AME through $9.4m merger ■ 19 March: Major shareholders reject offer ■ Expanded resource base to support refurbishment of 700ktpa Sandstone Gold Plant located 80km south of Gidgee ■ HRN – Care and Maintenance ■ Resource base (650,000Koz free-milling go
Slide 17: Summary
Summary ■ Identification of a large-scale gold system analogous to the multi-million ounce Granny Smith and King of the Hills Gold Deposits ■ Resource evaluation and exploration opportunities to drive growth ■ Management has a successful track record and is strongly aligned with shareholder interest
Slide 18: Creating value from advanced gold exploration in WA
ASX: GML ■ Consolidation of well-endowed Gidgee gold tenure in WA ■ Never exposed to modern exploration techniques ■ Targeting further shallow oxide discoveries and barely-tested potential at depth Creating value from advanced gold exploration Corporate Update in WA Peter Langworthy – March 2019 18