Maritana Minerals Limited · ASX:MRT
Maritana Minerals — Horizon Minerals — Investor Presentation (June 2022)
24 slides from Maritana Minerals's investor presentation, June 2022
Slide 1: Investor Presentation June 2022
INVESTOR PRESENTATION JUNE 2022
Slide 2: Disclaimer and Important Notices
DISCLAIMER AND IMPORTANT NOTICES Nature of Document expressions. Forward looking statements, opinions and estimates included in this Presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based
Slide 3: Project Overview: Exploring for New Discoveries in Australia
PROJECT OVERVIEW EXPLORING FOR NEW DISCOVERIES IN AUSTRALIA Highly strategic projects and exposure to multiple commodities 1,100 sq km +1.15Moz 1 ~65,000m Large, strategic WA Gold Mineral Resource FY23 drilling program Goldfields landholding focussed on exploration upside 2 Ni-Co Ag-Zn +A$11M 3 6.6M
Slide 4: Corporate Snapshot
ABOUT HORIZON CORPORATE SNAPSHOT Capital Structure 1 Share Price History Shares M 567.9 $0.16 6,000,000 Unlisted Options M 24.0 $0.14 5,000,000 Share price A$ 0.14 $0.12 $0.10 4,000,000 Market capitalisation A$M 79.5 $0.08 3,000,000 $0.06 2,000,000 Cash position + listed investments A$M 11.3 $0.04 $
Slide 5: Highly Strategic Assets
SIGNFICANT UPSIDE FOR PRECIOUS, BASE AND ENERGY METALS HIGHLY STRATEGIC ASSETS Richmond Vanadium Project (QLD) • 1,500km2 (25% interest) • Resource of 1.8Bt of ore with 6.6Mt V2O5 metal 1 • PFS Reserve of 459Mt @ 0.5% V2O5 (Reserve of 100+ years) 1 • NPV10% A$1.02B, IRR 62%, Payback 1.9yrs (first 20
Slide 6: Resource Growth - Gold
CURRENT RESOURCES UNDER PIN VALUE AND REMAIN OPEN ALONG STRIKE AND AT DEPTH RESOURCE GROWTH - GOLD • 1.15Moz Au Mineral Resource at 1.7g/t Au with 76% in M&I1 • Large base load deposit at Boorara with trial mining and toll milling confirming grade and metallurgy • Base load complemented by high grad
Slide 7: Binduli - Teal (Gold)
RECENT DRILLING HIGHLIGHTS RESOURCE GROWTH POTENTIAL BINDULI – TEAL (GOLD) • Resource of 5Mt grading 2.1g/t Au for 325koz 1 • Large holding in major gold producing region • 10,000m drilling planned focussed on 2: o Extensions at Teal, Crake and Coote o Follow up drilling at Kestrel, Honeyeater and D
Slide 8: Yarmany (Gold, Nickel-Cobalt)
FOCUS ON NEW DISCOVERIES ACROSS THREE PRIORITY PROJECT AREAS YARMANY (GOLD, NICKEL – COBALT) • Extensive targeting and field work completed including: o Geophysics, geochemistry, seismic, gravity and soils/rock chips • High priority targets identified and drilling commenced in Dec 2021 • First pass
Slide 9: Boorara - Cannon (Gold - Nickel)
FOCUS ON NEW DISCOVERIES ACROSS THREE PRIORITY PROJECT AREAS BOORARA – CANNON (GOLD – NICKEL ) • Geoscience and structural geology study identified multiple targets from Kanowna in the north to Golden Ridge in the south • First pass Air Core and RC drilling completed in 2021 with excellent gold, nic
Slide 10: Lakewood (Gold, Nickel, PGE)
UNDEREXPLORED TENURE ON MAJOR GEOLOGICAL STRUCTURES LAKEWOOD (GOLD, NICKEL, PGE) • Located immediately south of the Superpit • Seismic, gravity and aeromagnetic studies identify multiple walk-up targets • First pass Air Core drilling completed over mafic / ultramafic intrusives and historic prospect
Slide 11: Cash Generation
MONETISING HIGH GRADE ASSETS UNDER A CONTRACT MINING – TOLL MILLING MODEL CASH GENERATION • Assets close to existing infrastructure • Potential to develop a sequence of low tonnage high grade deposits 1 • Cannon resource of 32koz grading 4.3g/t Au with PFS completed and approvals well advanced 2 • P
Slide 12: Richmond - Julia Creek Vanadium: Demerger and IPO
INTENTION TO DEMERGE AND LIST INTO DEDICATED IPO VEHICLE AND ADVANCE DFS RICHMOND – JULIA CREEK VANADIUM • Horizon owns 25% interest in the 1.8Bt Richmond – Julia Creek oxide vanadium project in Northwest Queensland 1 • Extensive drilling, metallurgical test work and process flowsheet development co
Slide 13: Richmond - Julia Creek Vanadium
WORLD CLASS DEPOSIT FOR USE IN STEEL AND EMERGING GRID SCALE ENERGY STORAGE MARKET RICHMOND – JULIA CREEK VANADIUM • PFS Reserve of 459Mt @ 0.5% V2O5 (Reserve of 100+ years) 1 • Shallow open pit mining, concentrate generation onsite to 1.5 – 1.8% V2O5 and conventional processing to 98% V2O5 flake •
Slide 14: Horizon Activates Its Sustainability Journey
OUR PATH TO GROWING A SUSTAINABLE AND PROFITABLE BUSINESS HORIZON ACTIVATES ITS SUSTAINABILITY JOURNEY To go beyond our obligations and to continuously STRATEGY look at ways to integrate sustainability across our OBJECTIVE business. Established our Environmental, Social, Governance (ESG) baseline ea
Slide 15: Key Milestones and Newsflow
OUR PATH TO GROWING A SUSTAINABLE AND PROFITABLE BUSINESS KEY MILESTONES AND NEWSFLOW 1 RVT Listing gives HRZ shareholders: Gold and base metal Free allocation of RVT shares drilling results from Priority offering in RVT IPO Yarmany, Lakewood, Greater Boorara, Resource Cannon and Binduli growth
Slide 16: In Summary
AN ACTIVE, AGILE EXPLORER LED BY A DETERMINED TEAM IN SUMMARY Highly strategic asset position in close proximity to existing infrastructure and services within one of the most prolific and safe mineral provinces in the world 175 years of collective experience +1.15Moz Large scale drill programs plan
Slide 17: Appendices
BOARD AND MANAGEMENT APPENDICES 17
Slide 18: Leadership Team
175+ YEARS COMBINED EXPERIENCE OPERATING IN THE WA GOLDFIELDS LEADERSHIP TEAM Ashok Parekh, Non-Executive Chair Grant Haywood, Chief Operating Officer • Chartered accountant with over 40 years’ experience who owns a large Accounting • Mining Engineer with over 30 years’ experience in underground and
Slide 19: Kestrel - Gold
UNTESTED AREAS IN CLOSE PROXIMITY TO MAJOR DISCOVERIES KESTREL - GOLD 19
Slide 20: Nimbus Silver-Zinc Project
RETAIN AND COMPLETE FURTHER ECONOMIC STUDIES TO MAXIMISE OPTIONALITY NIMBUS SILVER – ZINC PROJECT • Located adjacent to the Boorara gold project with shared infrastructure • Mineral Resources of 12Mt @ 52g/t Ag and 0.9% Zn 1 • High grade core below the discovery pit of: o 260kt @ 774g/t Ag for 6.4Mo
Slide 21: Gold Resource Statement
GOLD RESOURCE STATEMENT Horizon Minerals Limited – Summary of Gold Mineral Resources Cut-off Measured Indicated Inferred Total Resource Project grade Au Au Au Au (g/t) Mt Oz Mt Oz Mt Oz Mt Oz (g/t) (g/t) (g/t) (g/t) Boorara OP 0.5 1.28 1.23 50,630 7.19 1.27 294,140 2.56 1.26 103,470 11.03 1.26 448,2
Slide 22: Non Gold Resource Statement
NON GOLD RESOURCE STATEMENT Confirmation Cut-off Tonnage Grade Metal content (Mt) Project The information is this report that relates to Horizon’s Mineral Resources grade % (Mt) % V2O5 ppm Mo ppm Ni V2O5 Mo Ni estimates on the Richmond Julia Creek vanadium project and Nimbus Silver Zinc Project is e
Slide 23: Forward Looking and Cautionary Statement
FORWARD LOOKING AND CAUTIONARY STATEMENT • As noted on Slide 2, some statements in this Presentation regarding estimates or future events are forward looking statements. They include indications of, and guidance on, future earnings, cash flow, costs and financial performance. Forward looking stateme
Slide 24: Contact
CONTACT CONTACT Jon Price Managing Director T: +61 (08) 9386 9534 E: [email protected] W: www.horizonminerals.com.au PO Box 1104 Nedlands WA 6909 163 Stirling Highway Nedlands WA 6009 24