Slide 1: Corporate Presentation: Gold Production Commencing in 2025
Corporate Presentation Gold Production Commencing in 2025 Noosa Mining | 13-15 November, 2024 ASX:MAT
Slide 2: Matsa Corporate Overview
Matsa Corporate Overview Gold Resource Resource Grade Shares on Issue DIRECTORS 949,000 oz 2.5g/t 650M Paul Poli Executive Chairman Mr Poli is a CPA with over 34 years of business and corporate experience. He founded Matsa Resources and has spearheaded M&A deals with Panoramic, Bulletin, Westgold, P
Slide 3: 949,000 Ounces of Gold With A Twist Of Lithium
Ob MATSA P = RESOURCES 949,000 Ounces of Gold With A Twist Of Lithium
Slide 4: Lake Carey Gold Project
Lake Carey Gold Project Fortitude North Drilling 2023
Slide 5: Lake Carey Gold Project – 949,000oz Au
Lake Carey Gold Project – 949,000oz Au ^ Notes: The Resource the Devon pit, representing 65koz, is subject to the JVA with Linden Gold “Refer ASX announcement dated 30 April 2024. There has been no change to the mineral resource since this release.
Slide 6: Lake Carey Gold Project
Lake Carey Gold Project A substantial golden opportunity • 3 Gold Mines o Fortitude Gold Mine o Devon Pit Gold Mine o Red October Underground Gold Mine • A world class exploration target o Fortitude North • Pipeline of quality greenfields and brownfields exploration targets to be drilled including:
Slide 7: Devon Pit Gold Mine to Fund Matsa
Devon Pit Gold Mine to Fund Matsa Cash Pipeline from Devon Pit Gold Mine
Slide 8: Devon Fully Permitted
Devon Fully Permitted Item Purpose Status Comment Tenements Granted mining Valid to December (and misc) leases 2034 Haulage Allows ore haulage on Shire approvals Menzies and Leonora public roads obtained shires Mining Proposal Approval for construction of Approved Approved 9 July 2024 infrastructure
Slide 9: Devon Pit – Mining Next Year
Devon Pit – Mining Next Year Strong Cashflow potential of A$50M* • Fully permitted and mine ready # • Negotiating mining, milling and project funding options • Finalising mine designs, schedules and cash flow • Onsite ground work commencing 2H 2024 Resource reported > 1.0 g/t Au cut off • *Cash surp
Slide 10: 12 Month Strategic Roadmap
12 Month Strategic Roadmap Devon Pit Gold Mine fully permitted and mine ready Insitu gold resource 82koz @ 5.22g/t Today June 2025 October 2025 Q4 2024 Q1 2025 Q2 2025 Q3 2025 • Permitting • Site setup • Ore processing and • Steady state mining, gold sales processing and gold • Mining, milling and •
Slide 11: Devon Pit – Sensational Gold Results – West Lode
Devon Pit – Mining Next Year Sensational Gold Results – West Lode* • 2.0m @ 16.18g/t Au from 18m (DVWL001) • 4.0m @ 13.44g/t Au from 55m (DVWL003) • 1.0m @ 50.30g/t Au from 47m (DVWL005) • 6.0m @ 36.16g/t Au from 48m (DVWL007) • 5.0m @ 10.91g/t Au from 47m (DVWL010) • 4.0m @ 32.07g/t Au from 29m (DV
Slide 12: Devon Pit – Sensational Gold Results – Main Lode
Devon Pit – Mining Next Year Sensational Gold Results – Main Lode* • 3.0m @ 7.00g/t Au from 24m (DVN002) • 3.0m @ 5.21g/t Au from 11m (DVN005) • 2.0m @ 8.55g/t Au from 48m (DVS003) • 4.0m @ 11.79g/t Au from 68m (DVS008) • 2.0m @ 6.72g/t Au from 69m (DVS010) * All results are downhole intercepts
Slide 13: Lake Carey Gold Project
Lake Carey Gold Project A substantial golden opportunity • 3 Gold Mines o Fortitude Gold Mine o Devon Pit Gold Mine o Red October Underground Gold Mine • A world class exploration target o Fortitude North • Pipeline of quality greenfields and brownfields exploration targets to be drilled including:
Slide 14: Regional Setting
Regional Setting Lake Carey Gold Project - a world class setting • 449km2 high quality tenement position in eastern goldfields region • Exploration has delivered a 213% increase in resource since June 2020 from 439koz @ 2.3g/t to 949koz @ 2.5g/t • JORC resource of 949koz @ 2.5g/t Au with identified
Slide 15: Poised to Realise True Value
Poised to Realise True Value We have the assets and funding to create significant value following a successful and oversubscribed capital raise Devon Pit Gold Mine • Fully permitted • Finalise funding for Devon gold mine - 2H 2024 • Finalise Ore processing agreement - 2H 2024 • Finalise mining Agree
Slide 16: Expanded Fortitude Gold Mine
Expanded Fortitude Gold Mine Fortitude Gold Mine: • Fully permitted and mine ready • An amalgamation of 3 trial pits, completed by Matsa in 2018 Fully permitted and mine ready
Slide 17: Fortitude Gold Mine
Fortitude Gold Mine Gold Resource of 489,000oz • 1km long open pit down to 190m depth • Granted Mining Lease with approved Mining Proposal (MP) in place allowing immediate start of mining • Completed scoping study outlines production of 132,000oz across 30 months generating >A$95M* surplus (@ A$2,40
Slide 18: Fortitude North - Matsa Discovery
Fortitude North - Matsa Discovery • 1.7km long mineralised zone open along strike with strong potential to increase with drilling expected to commence in the near term • Along strike and 6km north of Fortitude Gold Mine (0.5Moz) • Regional structure >30km strike • Mineralisation structurally control
Slide 19: Fortitude North
Fortitude North • semi – regional dextral shear duplex which has controlled the emplacement of the World Class (12 Moz) Sunrise Dam Gold Deposit (SD) and the World Class (7 Moz) Wallaby Gold Deposit (W) • The same major geologic structure has also controlled the gold mineralisation at Fortitude (F),
Slide 20: Fortitude North Drilling
Open Fortitude North Drilling • 1.7km long mineralised zone open along strike with strong potential to increase with drilling expected to commence in the near term • Seven of the top twelve intercepts at Fortitude North have come from the 2023 program*: • 25m @ 3.3g/t Au from 147m (23FNRC006) • 14m
Slide 21: 2023 Fortitude North Drilling
2023 Fortitude North Drilling Sensational thicknesses Significant volume change in lode orientation and size: Previous best intercept: • 9.6m @ 3.3g/t Au from 128m New best intercept: • 14m @ 3.4g/t Au from 113m and • 35m @ 3g/t Au from 150m incl. 4m @ 6.5g/t Au from 153m; and 5m @ 5.6g/t Au from 17
Slide 22: EIS / Drilling and Targeting
EIS / Drilling and Targeting 700m hole • Proof of concept drilling to test for potential mineralised structures below current drilling • Known prospectivity with coincident magnetic and seismic signatures below existing mineralisation Interpreted synform units • Multiple targets • Supported by Weste
Slide 23: Contact Us
Contact Us Paul Poli Executive Chairman reception@matsa.com.au Who Made That Twitter Bird? - The New York Times Linkedin Icon from Social Media Logos Pack | Free Download 23
Slide 24: Disclaimer
Disclaimer Disclaimer and Forward Looking Statements This presentation has been prepared by Matsa Resources Limited (“Matsa” or the “Company”). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentation may
Slide 25: M&A Activity
M&A Activity EV/Oz Avg EV/Oz Recent M&A activity for ASX listed WA pre-production assets (Refer Appendix 1 for full references including resource breakdown and transaction announcement date) $218.9/oz $216 .8/oz $176.3/oz $8 8 .0/oz $9 3.7/oz $77.6/oz $6 7 .7/oz $6 5 .9/oz $5 3.8/oz $5 1 . 1 /oz $39
Slide 26: M&A Activity
M&A Activity Recent M&A activity for ASX listed WA pre-production assets (Refer Appendix 1 for full references including resource breakdown and transaction announcement date) 1.85g/t Au * 0.29 moz * Linden Gold Alliance Limited announcement 27 October – merger with Lord Bryon Mining, 292,900oz @ 1.8
Slide 27: Appendix 1: Pre-production WA Gold M&A Peer Comparison
Appendix 1: Pre-production WA Gold M&A Peer Comparison Information & References Acquirer Target Stage Date Deal Value EV/oz MEASURED INDICATED INFERRED TOTAL GRADE Source ($Am) ($AUD/oz) (Koz) (Koz) (Koz) RESOURCE (g/t) (Koz) Northern Star Strickland Minerals Limited Resource Development Jun-23 $61.
Slide 28: Red October
Red October Red October oblique view looking (grid) NE 244,000 ounces Au @ 5.6g/t More to be found! Open • Lionfish strike extensions (open in both directions) • Lionfish resource gap infill (zone B) • Intersection of Lionfish and Western target (zone C) Open • Nemo (southern extension of mine to SW