Golden State Mining Ltd. · ASX:GSM
Golden State Mining — Investor Presentation (May 2020)
22 slides from Golden State Mining's investor presentation, May 20, 2020
Slide 1: Major Maiden Drilling Program - Corporate Presentation
Golden State Mining (ASX: ESM) 2» - & Ce pn ie Major Maiden Drilling Program Corporate Presentation | 19" May 2020
Slide 2: Information & Disclaimer
INFORMATION & DISCLAIMER For personal use only Nature of Document: This presentation has been prepared and issued by Golden State Mining Limited (Company) to provide general information about the Company. The information in this document is in summary form and should not be relied upon as a complete
Slide 3: Company Overview
COMPANY OVERVIEW For personal use only ✓ Exciting NEW GOLD exploration province ✓ Recent Hemi gold discovery by De Grey 13kms to the south ✓ GSM’s Yule project 702km2: ✓ Strategic ground position in the Archaean Mallina Basin ✓ Package hosts intrusive bodies and major structural corridors ✓ Seriousl
Slide 4: World Class Exploration Region
WORLD CLASS EXPLORATION REGION For personal use only 4
Slide 5: The Mallina Basin, Western Australia
THE MALLINA BASIN, WESTERN AUSTRALIA For personal use only Highly prospective and largely unexplored gold province. ▪ Primary-secondary structures and corridors with dilational zones – potential gold trap sites ▪ Interpreted “Hemi Style” intrusive bodies ▪ Folded and altered remnant greenstone and M
Slide 6: Neighbouring Yule Explorers
Neighbouring Yule Explorers For personal use only ▪ GSM’s Yule Project (702km2) contains intrusive bodies including granite complexes and major structures ▪ Recent neighbouring explorer drill results demonstrate real potential for major discoveries in the region ▪ De Grey’s “Hemi” gold discovery hos
Slide 7: Key Geological Ingredients for Pilbara Gold Exploration Success
WHAT ARE THE KEY GEOLOGICAL INGREDIENTS FOR PILBARA GOLD EXPLORATION SUCCESS For personal use only Archaean Mallina Basin Intrusive Deep Plumbing Geological Setting Primary and Secondary Structural Environment GSM’s Yule Project has ALL these critical ingredients…. 7
Slide 8: The Signs Were There - Previous Exploration Activity
The Signs Were There - Previous Exploration Activity For personal use only 10,000+ m of Aircore drilling focused on robust gold targets Gold in previous exploration drilling GSM’s Yule tenure includes ground previously selected for gold, tantalum and base metal potential by one of Australia’s most s
Slide 9: Recent Context: Hemi Discovery by De Grey
RECENT CONTEXT: HEMI DISCOVERY BY DE GREY For personal use only Dec 2019 Feb 2020 Q2 2020 ▪ Shallow wide spaced Aircore ▪ Substantial thick and high-grade ▪ De Grey’s Hemi discovery drilling. gold mineralisation intersected on and Mallina Gold Project (DEG ASX Announcement: New Gold Discoveries at H
Slide 10: De Grey results relevant to GSM's planned Yule exploration programs
For personal use only The De Grey Mining results are especially relevant to GSM’s planned Yule exploration programs that will target similar geological settings within the Mallina Basin ▪ Hydrothermally emplaced and Hemi-style intrusive hosted gold in regional structures ✓ ▪ Altered metasedimentary
Slide 11: GSM's Gold Target Areas at Yule South
GSM’s GOLD TARGET AREAS AT YULE SOUTH For personal use only GSM’s Yule South Has Intrusives + Structure = Potential Gold Host Setting 11
Slide 12: Yule South Target | Pilbara Gold Analogy
Yule South TARGET 1 | Pilbara Gold Analogy For personal use only Yule Hemi Analogy ▪ Peripheral ‘Shadow Zones’ of large granitic intrusions creating dilational gold trap sites ▪ Tightly folded hinge zones of ultramafic-mafic units and intrusives ▪ Similar discrete magnetic highs and lows parallel to
Slide 13: Yule South Target | Pilbara Gold Analogy
Yule South TARGET 2 | Pilbara Gold Analogy For personal use only Yule Analogy ▪ Prospective structural corridor > 10kms extent ‘squeezed’ between nested granitoid complexes ▪ Targeting interpreted major structural intersections and triple junctions where extensive alteration and dilational structure
Slide 14: Yule South Target | Gold Fields Analogy
Yule South TARGET 5 | Gold Fields Analogy For personal use only Yule Siberia Resource 5Mt @ 3.1g/t 576k Oz Analogy ▪ Targeting increased magnetism along northern contact of late intrusive body ▪ Interpreted as a distinct intrusive phase or alteration zone ▪ Magnetic lows possibly due to interpreted
Slide 15: Indicative Timetable
INDICATIVE TIMETABLE For personal use only GSM’s Exploration in the Mallina Gold Province focuses on 3 Key Target Areas ▪ Yule South GOLD Drilling of maiden Aircore late Q2 Assay results Aug ▪ Multiple drill ready gold targets identified Heritage survey Q3 Further drilling Q4 ▪ Fertile structures be
Slide 16: Conclusions/Key Points
CONCLUSIONS/KEY POINTS For personal use only ▪ Exciting and REINVIGORATED gold exploration province ▪ GSM has numerous robust gold exploration target areas ▪ Yule South multiple drill ready Gold Targets identified ▪ Fertile structures between nested granitoid complexes within Archaean Mallina Basin
Slide 17: Golden State Mining
MINING € GOLDEN STATE @® a
Slide 18: Corporate Overview
CORPORATE OVERVIEW Capital Structure Share Price History – Past 3 Months For personal use only ASX Code GSM Shares on Issue 36.6 million Options on Issue 9.2 million Share price (18 May 2020) $0.175 Market Capitalisation ̴$6.4 million Cash (31 March 2020) $1.4 million Enterprise Value ̴$5.0 million
Slide 19: Sholl Shear Zone & Balla Yule
SHOLL SHEAR ZONE & BALLA YULE For personal use only ▪ Major terrane boundary and mantle tapping structure ▪ Prospective for multiple commodities and polymetallic deposits ▪ Balla Yule Prospect – Interpreted Archaean layered intrusive e.g. Radio Hill, Sherlock Bay ▪ Alluvial cover conceals bedrock ▪
Slide 20: Yule South Target Areas
YULE SOUTH TARGET AREAS For personal use only Target 1 This area consists of a tightly folded hinge zone of interpreted mafic units or an intrusive within the Mallina formation metasediments and magnetic anomalies parallel to a major north-south structure. Target 2 A >10km structural corridor ‘squee
Slide 21: Minimal Previous Regional Exploration Activity
Minimal Previous Regional Exploration Activity For personal use only ▪ Yule South GOLD ▪ Multiple drill ready gold targets identified ▪ Fertile structures between nested granite plutons within Archaean Mallina Basin ▪ Sholl Shear Gold & Base Metals ▪ ‘Mantle tapping’ plumbing – deposit style multi p
Slide 22: For personal use only
- GOLDEN STATE Ce: INING Suite 14, 19-21 Outram Street, West Perth WA 6003 Tel: 08 6323 2384 Email: info@gsmining.com.au Web: www.goldenstatemining.com.au 22
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