Great Northern Minerals Limited · ASX:GNM
Great Northern Minerals — Investor Presentation (February 2020)
25 slides from Great Northern Minerals's investor presentation, Feb 11, 2020
Slide 1: Great Northern Minerals
GmM™ Great Northern Minerals
Slide 2: Disclaimer
Disclaimer Preparation Disclaimer This Presentation has been prepared to provide prospective investors in Great Northern The Company and its respective shareholders, directors, partners, employees, officers, agents, Minerals Limited, ACN 000 002 111, (“The Company” or “Great Northern Minerals”), wit
Slide 3: Corporate Snapshot
Corporate Snapshot Gold Portfolio Board of Directors Chairman – Gerard King Managing Director – Cameron McLean Non Executive Director - Simon Peters Company Secretary – Aida Tabakovic Management Exploration Manager - Andrew Jones Shareholders - Shares on issue: 346,935,835 - Market Capitalisation: $
Slide 4: Investment Highlights
Investment Highlights Gold Resources - Golden Ant Project Highly active explorer in a goldfield with multi-million Project Tonnes Grade (g/t Au) Ounces (Gold) ounce potential (tenure covers 695 km2). Golden Cup 256,504 3.6 29,721 Maiden gold resource of 30,000 ounces estimated at Big Rush 558,32
Slide 5: A Re-discovered Under-explored Goldfield
A Re-discovered Under-explored Goldfield Historic recorded gold production data – Golden Ant Project. In 2019 the goldfield was secured: Camel Creek, Golden Cup & Big Rush Mines purchased Exploration permit applications made & Historic Mine Ore Mined (tonnes) Grade (g/t Au) Ounces Produced J
Slide 6: Tenure Position
TENURE POSITION Golden Cup & Camel Creek Projects Big Rush Project
Slide 7: Broken River Province Geology and Orogenic-style Gold Deposits
Broken River Province Geology and Orogenic-style Gold Deposits (from: I. M. A. VOS, F. P. BIERLEIN and G. S. TEALE, 2005) Camel Creek and Golden Cup deposits lie within the Amanda Bell Goldfield. Gold mineralisation hosted by sequence of highly deformed Camel Ck interbedded sandstone and variably ca
Slide 8: Golden Cup
GOLDEN CUP RC Drilling in December 2019 returned high grade gold intercepts including: 7m @ 7.49 g/t Au from 32m (GCRC074) & 9m @ 4.72 g/t Au from 42m (GCRC078). Maiden JORC-compliant gold resource of 30,000 ounces announced in December 2019 (256,504 tonnes @ 3.60 g/t Au). Historically hea
Slide 9: Golden Cup: Site Plan and Longitudinal Section Lode 1
GOLDEN CUP: Site Plan and Longitudinal Section Lode 1 Golden Cup Long Section View of Lode 1 Golden Cup Plan View
Slide 10: Golden Cup: Longitudinal Section Lodes 2 and 3
GOLDEN CUP: Longitudinal Section Lodes 2 and 3
Slide 11: Golden Cup
Great Northern Minerals GOLDEN CUP f sone L scone. some, “ cs Golden Cup Gold Mine 4 0 25m Pit 4 Section 1860N ‘tbe 70m ime Time Tne Vere fim @ 494 git Au (im @ 479 git Au esa (2m@ 7.74 git Au 2m @ 971 git Au sven 60mR. Pit Outline ‘%~ Drill intersection Golden Cup Gold Mine Pit 3 Section 1290N Gm
Slide 12: Big Rush
BIG RUSH RC Drilling in December 2019 returned high grade gold intercepts beneath the Central Pit including: 28m @ 2.51 g/t Au from 83m (BRRC1007) & 24m @ 3.99 g/t Au from 73m (BRRC1009). Maiden gold resource of 47,000 ounces announced in February 2020 (558,322 tonnes @ 2.62 g/t Au). The l
Slide 13: Big Rush
BIG RUSH BRRC1005: rig set up and ready to collar – looking SW North Pit looking NE – steep S-plunging chevron fold in towards South Pit western wall
Slide 14: Big Rush
BIG RUSH Big Rush impoundment dam & heap leach Big Rush Open Pit
Slide 15: Big Rush
BIG RUSH Big Rush Plan View Big Rush Long Section View of Central Lode
Slide 16: Big Rush: Central Pit Drill Section 11330N
BIG RUSH: Central Pit Drill Section 11330N Grade increasing with depth BR152: 7m from 34m @ 2.12g/t Au (1g/t cut) inc. 2m from 38m @ 3.43g/t Au (2g/t cut) BRDH293: 14m from 65m @ 2.46g/t Au (1g/t cut) inc. 3m from 71m @ 8.01g/t Au (2g/t cut) BRRC1006: 15m from 84m @ 2.39g/t Au (1g/t cut) inc. 10m fr
Slide 17: Big Rush: Central Pit Drill Section 11390N
BIG RUSH: Central Pit Drill Section 11390N Lower grade section significantly upgraded by recent GNM drilling BRRC1009, targeted approx 5m south of historic holes BRRC297 and BRRC298, resulted in marked increase in grade, reinforcing need for close pattern drilling. Orientated core drilling will prov
Slide 18: Camel Creek
CAMEL CREEK Over 1Mt @ 1.7g/t Au processed via heap leaching to produce 57,000 ounces. Ore extracted was oxide and was not crushed prior to being placed on the heap leach pads. Camel Creek is the largest gold system controlled by GNM and consists of 4km of continuous workings, comprising about 3
Slide 19: Camel Creek
CAMEL CREEK Camel Creek Plan View Camel Creek Cross Section
Slide 20: Camel Creek: Geology Plan and Cross Section
Camel Creek: Geology Plan and Cross Section – Pit1/6 (from: G. S. Teale, I. M. A. VOS, F. P. BIERLEIN) Geology plan (LHS) and cross section (RHS), Pit 1/6, showing: •overprinting relationships between the main deformation phases, •the folded nature of the ore lens and • late-stage quartz-stibnite ve
Slide 21: Camel Creek: Gold developing after aurostibite and enclosing quartz
Camel Creek: Gold developing after aurostibite and enclosing quartz gangue (From: G.S. Teale1, I.M.A. Vos2, F.P. Bierlein)
Slide 22: Fosterville Comparison
Fosterville Comparison - Compelling • Similar age host rocks • Comparable periods of deformation and metamorphism • Comparable mineralogy • Similar strike length • Deep drilling in 2015 unlocked the deep potential •1995 reserves and resources for Fosterville similar grade to Big Rush, Golden Cup and
Slide 23: Process Highlights
Process Highlights 2019 – Implementing the vision 2020 – Executing the strategy Divested all non-core projects Released maiden JORC resource of 47,000 ounces at Big Rush. Signed Heads of Agreement for 3 previously mined gold projects Finalising toll treating agreements Rebranded to Great N
Slide 24: Valuations
Valuations Advanced Australian gold exploration/developer valuations - Enterprise Value per Resource ounce ($A,000) 160 140 120 100 80 60 40 20 0 Bellevue Capricorn EganStreet Echo Bligh Genesis Kin Mining Bardoc Gold Great Gold Metals Resources Resources Resources Minerals Northern Minerals
Slide 25: For more information please contact
For more information please contact: Managing Director Investor Relations Cameron McLean Peter Taylor, NWR Communications +61(0)8 6214 0148 +61 412 036 231
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