Gold Mountain Limited · ASX:GMN
Gold Mountain — Investor Presentation (October 2019)
35 slides from Gold Mountain's investor presentation, Oct 11, 2019
Slide 1: Wabag Project, PNG: Prime real-estate in one of the world's best mining belts
Wabag Project, PNG: Prime real-estate in one of the world’s best mining belts October 2019
Slide 2: Disclaimer
DISCLAIMER This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may not be distributed in
Slide 3: Summary
SUMMARY ▪ Prime address in high-quality mining belt, next-door neighbour is 24 MOz+ Porgera Mine1. ▪ Recent discovery of porphyry-style mineralisation at Monoyal2 shows that geochemical signature matches those identified at other world-class Cu-Au porphyry deposits, prior to them becoming major disc
Slide 4: Company Overview
COMPANY OVERVIEW ▪ Gold Mountain Limited is an Australian, publicly-listed company (ASX:GMN) exploring for gold and copper in the highly prospective Papuan Mobile Belt, Papua New Guinea. ▪ Flagship Wabag Project has three high-calibre targets, each with significant potential, based on results to dat
Slide 5: Prime Location
PRIME LOCATION ▪ The Papuan Mobile Belt (orange in figure on right) is host to many world-class deposits including Porgera (24 Moz), Ok Tedi (17 Moz), Frieda River (17 Moz) and Hidden Valley (29 Moz)1. ▪ GMN’s Wabag Project lies just 70 km ENE of the Porgera gold mine1, in an identical geological se
Slide 6: PNG: An Attractive Destination for Mining Investment
PNG: AN ATTRACTIVE DESTINATION FOR MINING INVESTMENT ▪ Exceptional mining destination with one of the highest ▪ Wabag District has key services in place: densities of Tier 1 gold-copper projects in the world, • Road link to coast including: Ok Tedi, Porgera, Frieda River, Wafi-Golpu, and many others
Slide 7: Key Personnel
KEY PERSONNEL STRONG TECHNICAL TEAM WITH PNG EXPERIENCE, REPUTATION AND RECORD OF DISCOVERY Tony Teng Patrick Smith Rene Sterk Syed Hizam Managing Director Exploration Manager Principal Advisor to the Board Non-Exec Director MSc, FAusIMM CP(Geo), MAIG (RPGeo), B.Econ B.Geo, M.Eng, MBA, MAusIMM B.Eco
Slide 8: Exploration Licences
EXPLORATION LICENCES ▪ Gold Mountain holds a land area of over 2,500 km 2, contained within seven Exploration Licences (ELs) and three Exploration Licence Applications (ELA). ▪ Before being secured by Gold Mountain, these licences were also under application by one of the world’s largest mining comp
Slide 9: Unexplored Lineament
UNEXPLORED LINEAMENT ▪ Many world-class mines in PNG are positioned on or near large NE-trending structural lineaments (thick black lines in image on right, White et al., 2014). ▪ These lineaments are widely believed to focus heat, intrusives and fluid flow, significantly increasing the potential fo
Slide 10: Mineralised Structural Corridor Identified on GMN Tenements
MINERALISED STRUCTURAL CORRIDOR IDENTIFIED ON GMN TENEMENTS ▪ 17 km-long structural corridor highlighted by a magnetic low ▪ Main Wabag prospects located within this corridor • Mongae Creek • Monoyal • K-Lam • Sak Creek • Mt Wipi (covered by new application)
Slide 11: Neighbours
NEIGHBOURS ▪ Most of the directly joining prospective ground has been covered by licences. ▪ Recent applications by GMN for adjacent ground are pending (ELA 2632 and ELA 2563). Fig: Adjacent neighbours as at 01 October 2019.
Slide 12: Neighbours – QRL Resources Ltd
NEIGHBOURS – QRL RESOURCES LTD ▪ Exploring from 2011 to 2013. Currently partly held by Source: QRL Investor Presentation 11/2012 (https://bit.ly/2I5lY47) Property New Group Ltd (being renewed). NOTE similar NW-SE trend1. ▪ Tekem best drill intercepts: • TKD003: 3.8 m @ 11.84 g/t Au inc. 1 m @ 25.40
Slide 13: Share Structure
GMN CAPITAL STRUCTURE (FEB 2019) Market cap at $0.058 undiluted $34.9m SHARE STRUCTURE (600,000,000 shares) 52-week high $0.097 52-week low $0.041 GMN CAPITAL STRUCTURE (SEPT 2019) SHARES % 1 CITICORP NOMINEES PTY LIMITED 61,750,692 10.267% HSBC CUSTODY NOMINEES (AUSTRALIA) 2 41,031,372 6.822% LIMIT
Slide 14: Community Engagement
COMMUNITY ENGAGEMENT ▪ From the start of exploration work, GMN has invested in building strong relationships with local communities. ▪ GMN maintains an open dialogue with surrounding tribes and actively works to inform communities about activities. ▪ Community support by building and maintaining inf
Slide 15: Current Snapshot of Exploration Status and Results
CURRENT SNAPSHOT OF EXPLORATION STATUS AND RESULTS
Slide 16: Monoyal Prospect
First Discovery of Mineralisation at Mongae 2018 Q1 Abundant coarse, angular and crystalline gold MONOYAL PROSPECT discovered in the drainage system of valley1 DELIVERING ON PROMISES….. First Analysis of exploration samples 2018 Q3 Rock samples returned grades of up to 0.6% Cu and 1.41 g/t Au1 Scout
Slide 17: Monoyal: Results, Results
MONOYAL RESULTS, RESULTS….. ▪ Excellent Cu – Au rock-chip channel sample results at Monoyal from recent trenching confirm broad zones of >0.1% Cu grades in trenches that cover an area of 1.35 km2, with significant intercepts including: • Monoyal Trench 4: 142 m @ 0.20% Cu and 0.11 ppm Au, including
Slide 18: Monoyal: The Classic Footprint
MONOYAL Monoyal Cu high Monoyal Mo high THE CLASSIC FOOTPRINT….. ▪ Monoyal shows a strong coherent Cu-Mo-Au in-soil signature. ▪ A well-defined envelope of low Zn and Mn is coincident with the Cu-Mo-Au anomaly. ▪ This is a substantial anomaly with a diameter of ~1,200 m and covering > 1.35 km2. Mono
Slide 19: Monoyal: The Classic Footprint
SE NW MONOYAL THE CLASSIC FOOTPRINT….. ▪ Monoyal shows a strong coherent Cu-Mo-Au in-soil signature. ▪ A well-defined envelope of low Zn and Mn is Monoyal coincident with the Cu-Mo-Au anomaly. Mongae ▪ This is a substantial anomaly with a diameter of 1,200 m, and covering > 1.35 km2
Slide 20: Monoyal: Comparisons
Monoyal - Cu (ppm) MONOYAL COMPARISONS…..SCIENCE! ▪ Monoyal has clear similarities in soil geochemical signatures compared to world-renowned giant Tier-1 porphyry deposits1. ▪ The Elang Cu-Au porphyry deposit1 is associated with Pliocene quartz-diorite and tonalite intrusions within andesitic volcan
Slide 21: Monoyal: Comparisons
MONOYAL COMPARISONS…..SCIENCE! Monoyal Mo high Monoyal Mn low Monoyal Cu/Zn high ▪ Sol Gold’s Alpala Cu deposit in Ecuador1 also exhibits similar soil anomalism to Monoyal. Alpala shows soil Cu-Mo highs coincident with Mn and Zn lows. ▪ Monoyal coincident Cu-Mo geochemical signatures in soil, includ
Slide 22: Monoyal: Drill-Ready
MONOYAL DRILL-READY ▪ Preparation work completed. ▪ Now ready to drill and realise value. Fig: Monoyal planned drill holes. Fig: GMN drilling preparation October 2019. LEFT: Calvin Paik – GMN geologists and field technicians on the first drill site at Monoyal. RIGHT: Field team levelling and clearin
Slide 23: Sak Creek: More and More Discoveries Along NW Strike
SAK CREEK MORE AND MORE DISCOVERIES ALONG NW STRIKE ▪ Sak Creek: Early days but showing all the right signs! ▪ Located in the valley adjacent to Mongae Creek, shows features characteristic of porphyry-style mineralisation1. ▪ Historic ridge- and spur soil sampling showed three distinct geochemical z
Slide 24: Sak Creek: Early Exploration Results Show Encouraging Anomalies
SAK CREEK EARLY EXPLORATION RESULTS SHOW ENCOURAGING ANOMALIES ▪ Mineralised shear zones discovered at Sak Creek1 Fig: Consultant Geo Michael Lieu discussing mineralised outcrop - (https://www.youtube.com/watch?v= d_RfSygFRjA) 1. See last page of this presentation for references to Public Reports wh
Slide 25: Sak Creek: Soil Geochemistry Shows Size of Anomaly
SAK CREEK SOIL GEOCHEMISTRY SHOWS SIZE OF ANOMALY ▪ Approximately 600 soil samples collected from Sak Creek1. Sak Creek - Zn Sak Creek - Cu ▪ NW-SE-orientated structures visible in the Zn and Cu geochemistry1. ▪ Similar orientation to regional structural corridor and the orientation of the mineralis
Slide 26: K-Lam: Recent Discovery, Linking the Chain of Prospects
K- LAM RECENT DISCOVERY, LINKING THE CHAIN OF PROSPECTS ▪ K-Lam is located in the valley between Sak Creek and Mongae Creek. A 2018 reconnaissance programme at this prospect identified features indicative of porphyry-style mineralisation1. ▪ Follow-up mapping and sampling showed in situ elevated cop
Slide 27: K-Lam: Exciting Early Results
K- LAM EXCITING EARLY RESULTS ▪ Further high-resolution mapping and creek sampling is planned to link Sak Creek and Mongae Creeks, with detailed trenching of exposed outcrop1. Au Cu Ag Zn Pb S As Fig: K-Lam mineralised outcrop discovery Material ppm ppm ppm ppm ppm % ppm A 0.11 9920 16.00 434 15.0 >
Slide 28: Our Mission and Your Return on Investment
OUR MISSION AND YOUR RETURN ON INVESTMENT: VALUE GENERATION THROUGH SMART EXPLORATION AND DISCOVERY CONTINUOUS POSITIVE NEWS FLOW ON EXPLORATION UPDATES
Slide 29: Value Creation Through Exploration: Stavely
VALUE CREATION THROUGH EXPLORATION STAVELY: AN EXAMPLE OF GMN’S ASPIRATIONS1 ▪ Stavely Minerals is an ASX listed exploration company with a market cap of AUD 173.18M (2019). ▪ Acquired the Stavely project targeting a gold-copper porphyry deposit in Victoria in 2013. Listed on the ASX in May 2014 wit
Slide 30: Value Creation Through Exploration: SolGold
VALUE CREATION THROUGH EXPLORATION SOLGOLD: AN EXAMPLE OF GMN’S ASPIRATIONS1 ▪ SolGold LSE & TSX:SOLG, AIM/TSX listed exploration company market cap of AUD 60.7M (2016). ▪ In 2018, its exploration team drilled an intersection of 1,338 m at an average grade of 0.49% copper and 0.36 g/t gold at its Ca
Slide 31: Current Global Porphyry Exploration
VALUE CREATION THROUGH EXPLORATION CURRENT GLOBAL PORPHYRY EXPLORATION ▪ Around 32 projects world-wide currently developing or ▪ Graph shows that best drilling results (measured by ‘AuEq exploring porphyry deposits (publicly listed)1 x Interval Length’, size of circles) come from projects already de
Slide 32: GMN: Value Creation Through Sound Exploration
GMN: VALUE CREATION THROUGH SOUND EXPLORATION ▪ Location: Secured 2000 km2 within fertile Papuan mobile belt, adjacent to Porgera gold mine, within a cluster or major mineral deposits. ▪ Sophisticated: Ultra-detailed airborne geophysical surveys (2016) interpreted potential for major intrusive centr
Slide 33: Project Pipeline
PROJECT PIPELINE ? ? ? Monoyal ? 17 km of mineralised trend to explore and that is only half of what the tenements cover!
Slide 34: Funded to Explore & Drill Monoyal
FUNDED TO EXPLORE & DRILL MONOYAL Timeline ▪ Exploration: Prospect Generation Ground Exploration Resource • Ongoing regional soil geochemistry Exploration Drilling Drilling • Develop K-Lam and Sak Creek further AU$ 0.2 M Soils, trenching, ▪ Monoyal Scout Drilling mapping • 1,250 m diamond drilling s
Slide 35: Compliance Statements
COMPLIANCE STATEMENTS Reference To Previous Releases: All Exploration Results referred to in this presentation have been previously www.goldmountainltd.com.au. Gold Mountain Limited confirms that it is not announced to the market in the reports dated 08-07-19, 29-04-19, 21-03-19, aware of any new in