Contango Holdings Plc · LSE:CGO
Contango — Investor Presentation (October 2020)
22 slides from Contango's investor presentation, October 2020
Slide 1: Gold Mine Acquisition in Mali – Financing Presentation
CONTANGO GOLD MINE ACQUISITION IN MALI HOLDINGS Plc Financing Presentation October 2020
Slide 2: Disclaimer
CONTANGO HOLDINGS PLC DISCLAIMER This presentation (“Presentation”), and the information contained herein, is not for general release, distribu- Shares or an investment therein. The Ordinary Shares have not been and will not be registered under the US tion or publication into or in any other jurisdi
Slide 3: Mali Gold Mine Acquisition
CONTANGO HOLDINGS PLC MALI GOLD MINE ACQUISITION
Slide 4: Corporate Overview
CONTANGO HOLDINGS PLC CORPORATE OVERVIEW PRE-TRANSACTION CAPITAL STRUCTURE SIGNIFICANT SHAREHOLDERS POST TRANSACTION Standard Listing CGO CGH 53.77% Current Shares in Issue 203,63M Board & Management * 9.48% Market Cap c. £10M (at current 5p share price) John Story 6.68% Warrants 29.83M @ VWAP 3.77
Slide 5: The Board
CONTANGO HOLDINGS PLC THE BOARD Roy Pitchford Carl Esprey Chairman Chief Executive Officer Roy has had an illustrious career in the mining industry, and has previously held the Carl qualified as a Chartered Accountant and Chartered Financial Analyst, and has roles of Chairman of Anglo-African Minera
Slide 6: Selected Management
CONTANGO HOLDINGS PLC SELECTED MANAGEMENT Richard Rice Technical Manager Richard is a geology graduate of the University of the Witwatersrand and has over 39 years of professional experience leading multi-disciplinary teams in finding orebodies and establishing mines in developing countries around t
Slide 7: Acquisition Opportunity: Garalo Project
CONTANGO HOLDINGS PLC ACQUISITION OPPORTUNITY: GARALO PROJECT The Company has secured an agreement to purchase the Garalo Project for US$1M on a predominantly deferred basis. Garalo is a discovered orebody expected to be placed into production in H2 2021 for a capital cost of just US$1.2M Contango w
Slide 8: Mali Gold Sector
CONTANGO HOLDINGS PLC MALI GOLD SECTOR TSX-V: AGG MALI IS AFRICA’S THIRD-LARGEST GOLD PRODUCER MaliSOUTH AFTER | Africa`s 3 AND AFRICA rd Largest GHANAGold Producer Well-Established Mining Industry Some of the - Long andnearby deposits successful history of to Garalo gold include: production - Highl
Slide 9: Garalo Permit
CONTANGO HOLDINGS PLC GARALO PERMIT THE GARALO PERMIT OCCUPIES 62.5KM2 IN THE SIKASSO REGION, 200KM SOUTH-EAST OF BAMAKO. Three dominant structural trends have been interpreted on the Garalo area from the regional Airborne Magnetic Data of South Mali. These are as follows: The Banifin Shear Zone and
Slide 10: Work Performed
CONTANGO HOLDINGS PLC WORK PERFORMED DETAILED HISTORIC EXPLORATION WORK HAS BEEN UNDERTAKEN AND REVIEWED BY CONTANGO, INCLUDING: Regolith mapping / interpretation Soil Geochemistry Airborne Magnetic & Radiometric Survey at 250m and 400m spacing IP on G1A and G3 targets at 100m spacing Drilling on th
Slide 11: Resource Estimate
CONTANGO HOLDINGS PLC RESOURCE ESTIMATE G3 TARGET G1A TARGET TOTAL Cut off Tonnage g/t Ounces Cut off Tonnage g/t Ounces Cut off Tonnage g/t Ounces 0 5,437,275 1.07 187,049 0 4,930,500 1.00 158,519 0 10,367,775 1.04 345,569 0.2 4,820,125 1.20 185,965 0.2 4,117,600 1.19 157,537 0.2 8,937,725 1.20 343
Slide 12: Use of Proceeds
CONTANGO HOLDINGS PLC USE OF PROCEEDS A HIGH PROPORTION OF THE DEPOSIT IS OXIDE ORE WHICH ALLOWS THE COMPANY TO RAPIDLY START A LOW CAPEX, LOW OPEX OPERATION. October 2020 October 2020 - January 2021 February 2021 February - June 2021 H2 2021 Initial Deposit Due Second Payment Construction First Dil
Slide 13: The Lubu Coal Project Update
CONTANGO HOLDINGS PLC THE LUBU COAL PROJECT Lubu Coal Project UPDATE
Slide 14: Two LOIs signed in Q3 2020 for coal offtakes
CONTANGO HOLDINGS PLC Two LOIs signed in Q3 2020 regarding coal offtakes, totalling a minimum of 32,000 tonnes a month Upon the expected conversion to formal offtakes in 2020, these two LOIs would result in excess of US$1M per month EBITDA The Board is in ongoing discussions with additional parties
Slide 15: Project Background
CONTANGO HOLDINGS PLC PROJECT BACKGROUND THE PROJECT COVERS 19,236 HECTARES OF THE HIGHLY PROSPECTIVE KARROO MID ZAMBEZI COAL BASIN IN ESTABLISHED HWANGE MINING DISTRICT IN NORTH-WESTERN ZIMBABWE. C.US$20M HAS BEEN SPENT ON THE LUBU PROJECT BY CONTANGO AND PREVIOUS OWNERS FOR THE FOLLOWING: 101 hole
Slide 16: Phased Development
CONTANGO HOLDINGS PLC PHASED DEVELOPMENT PHASE 1 – 100ktpa PHASE 2 – BFS FOR A LARGER SCALE PROJECT 2 LOIs already entered into for a minimum 32’000t per month Subject to the success of phase 1, the Company will embark on a BFS for full scale mining at Lubu. This phase will be reviewed Further LOIs
Slide 17: Summary
CONTANGO HOLDINGS PLC SUMMARY Opportunity to purchase a low cost, near term gold production asset in Mali Existing non-JORC resources of 320Koz, with an average grade of 1.5g/t Significant additional resource potential with assays on the licence returning grades of up to 43g/t Low CAPEX of circa US$
Slide 18: Appendix
CONTANGO HOLDINGS PLC APPENDIX
Slide 19: Summary of Drill Data - G1A Target
CONTANGO HOLDINGS PLC APPENDIX 1 666500 667000 667500 668000 / GARALO PROJECT G1A TARGET 1216500 1216500 Drilling Highlights Golden Spear Mali SARL SUMMARY ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! 1:10,000 ! G1ARC173 - 8m @ 1.5 g/t Au OF DRILL DATA - ! ! G1ARC172 ! ! ! - 8m ! @ 1.
Slide 20: Summary of Drill Data - G3 Target
CONTANGO HOLDINGS PLC APPENDIXV2 661800 662000 662200 662400 662600 662800 663000 / GARALO PROJECT G3ARC149 - 4m @ 1.08 g/t Au and: 2m @ 1.76 g/t Au G3 TARGET AREA and: 10m @ 19.17 g/t Au Drilling Highlights incl: 2m @ 94.16 g/t Au 1205800 1205800 Golden Spear Mali SARL G3ARC150 - 2m @ 2.75 g/t Au 1
Slide 21: Coal Resource - Lubu Coalfield - As at April 2018
CONTANGO HOLDINGS PLC APPENDIX 3 COAL RESOURCE - LUBU COALFIELD - AS AT 30 APRIL 2018 Thick Area Volume Density Drill Grid Confidence Geological Block Seam Ply GTIS(mt) TTIS (Mt) (m) (Mm²) (Mm²) (ton/m³) (m xm) level Loss (%) B1 ALL ALL 26.78 0.022 0579 1.675 0.968 147 INFERRED 20 0.774 B2 ALL ALL 3
Slide 22: Contango Plc
CONTANGO HOLDINGS Plc
Contango Holdings — Investor Presentation (October 2020) on 6ix