Prodigy Gold Nl · ASX:PRX
Prodigy Gold Nl — ABM Resources NL — AGES Conference 2017
20 slides from Prodigy Gold Nl's conference presentation, Mar 28, 2017
Slide 1: Tanami Region: Unlocking the Discovery Potential
Tanami Region Unlocking the Discovery Potential AGES Conference 28 March 2017 Matt Briggs Managing Director AGES Conference 28 March 2017
Slide 2: Important Information & Competent Person
Important Information & Competent Person IMPORTANT INFORMATION This presentation has been prepared by ABM Resources NL (“ABM” or the “Company”). This presentation is for information purposes only and should not be considered as an offer or invitation to subscribe for or purchase any securities in th
Slide 3: Corporate Overview
Corporate Overview Capital Structure Board of Directors Appointed Shares on Issue (m) 373.6 Tommy McKeith Non-Executive Chairman 27/06/16 Commenced Available Cash (A$m)1 7.5 Matt Briggs Managing Director 3/10/16 Appointed Market Cap (A$m)2 39 Susie Corlett Non-Executive Director 8/3/16 Appointed Bre
Slide 4: Exploration Management in Place
Exploration Management in Place Successful explorers and understand what it takes to make a mine AGES Conference 28 March 2017
Slide 5: Australian Reserves
Australian Reserves Declining Reserves in spite of near record high $A gold price Source: Geoscience Australia Identified Mineral Resources Report 2014/2015 and company reports AGES Conference 28 March 2017
Slide 6: ABM Past Focus on Known Deposits
ABM Past Focus on Known Deposits 50 ABM Drilling by Type Annual Metres Drilled (Thousands) 40 Twin Bonanza 30 Other Areas RC/DD AC All Areas No Exploration 20 84% of drilling 10 focussed in <0.1% Drilling of the area 0 2010 2011 2012 2013 2014 2015 2016 Project Area RC/DD Drilling Proportion of Tota
Slide 7: Unlocking the discovery potential
Unlocking the discovery potential ABM is well positioned with a clear strategy to unlock the discovery potential • Large contiguous tenure over under-explored gold district – Over 13,000km2 of granted tenure – Over 24,000km2 application tenure – Located in belts containing major gold deposits e.g. C
Slide 8: Underexplored by all definitions
Underexplored by all definitions Previous expenditure on drilling and assaying per km2 in 2016 dollars Generally after expenditure of $30k per km2 the majority of significant shallow deposits are recognised Eastern Yilgarn Average exploration spend is $72k* per km2 ABM’s Tanami Tenements Less than 0
Slide 9: Reinvigorating Exploration
2016 Program Outline Reinvigorating Exploration • >400,000 historic assay results entered and continuing • Field mapping • 490 rock chip samples collected • 111 drill holes for 11,353m • Routine XRF with multi-element calibration • Start at Suplejack and expand AGES Conference 28 March 2017
Slide 10: Reinvigorating Exploration - Suplejack Project
Reinvigorating Exploration - Suplejack Project • Over 60 km north trending structural trend – Significant gold anomalism – 1.6 Moz Groundrush deposit immediately to the south • Historic data has highlighted numerous gold targets – Airborne geophysics, surface geochemistry, shallow drilling 1 Refer p
Slide 11: Reinvigorating Exploration - Suplejack Project
Reinvigorating Exploration - Suplejack Project • Over 60 km north trending structural trend – Significant gold anomalism – 1.6 Moz Groundrush deposit immediately to the south • Historic data has highlighted numerous gold targets – Airborne geophysics, surface geochemistry, shallow drilling • ABM com
Slide 12: Suplejack Prospect: extending mineralisation for over 1.3 km
Suplejack Prospect: extending mineralisation for over 1.3 km Hyperion-Tethys Prospect collar plan • Significant mineralisation over 1.3 km strike drilled including 4 shoots • 40% of Resource in oxide and transitional material • Multiple parallel structures identified • Historic soil sampling and sha
Slide 13: Seuss
Seuss Seuss Cross section Suplejack Prospect, Seuss Fault Breccia outcrop • First dedicated drilling on Seuss commenced in October with result of 13m@ 5.6g/t • Strong breccia with consistent thickness and grade • Extends to surface and mapped for 300 metres Structure open along strike – parallel to
Slide 14: Lake Mackay Project: gold and base metal exploration
Lake Mackay Project: gold and base metal exploration • Independence Group NL (IGO) are exploring the Lake Mackay project • IGO to fund $6 million by May 2020 to earn a 70% interest • Seen as a belt scale opportunity with the potential to host gold and base metal deposits • Initial success has demons
Slide 15: Grapple Results
Grapple Results 16GRRC009 [email protected]/t Au, 3.09% Cu, 1.71% Co and [email protected]/t Au, 1.30% Cu, 0.06% Co and [email protected]/t Au, 1.35% Cu, 0.01% Co and [email protected]/t Au, 1.16% Cu, 0.16% Co 16GRRC010 [email protected]/t Au, 1.40% Cu, 0.07% Co incl. [email protected]/t Au, 1.95% Cu, 0.03% Co and [email protected]/t Au, 0.24% Cu, 0.01% Co 16GR
Slide 16: 2017 Initial Drilling Targets
2017 Initial Drilling Targets Programs • Systematic work plan prioritising large scale targets (>1Moz) • Review data critical for predictive targeting •Field mapping •Geochemistry (XRF & ICP-MS) •Alteration mapping •Geophysics •Structural Interpretation •Strategy and work program includes: •Large sc
Slide 17: Suplejack Project – South Block
Suplejack Project – South Block Brokenwood/ Grange/ Pandora • Targeted RAB drilling to intersect mineralised structures intersecting favourable stratigraphy Seuss - North • Recon RAB drilling to confirm bedrock gold along interpreted Seuss structure Telesto trend • Recon RAB drilling to confirm bedr
Slide 18: NTGS Co-funded hole
NTGS Co-funded hole B • Callie style target, 25km west of Callie • Major gravity break (pink) and interpreted Dead Bullock stratigraphy • Ionic Leach surface anomaly defined • NTGS co-funding approved Homestead Prospect • Confirm concealed Dead Bullock A Formation • Test for interpreted mineralised
Slide 19: Stakeholders
Stakeholders Traditional Owners and Central Land Council (CLC) – ABM acknowledges that it operates on land owned by Traditional Owners – Since the first tenement acquisitions in the Northern Territory in the 2009/2010 financial year ABM has progressed 106 tenement applications to grant and held nume
Slide 20: Suplejack Project – Mineral Resource Estimate – February 2017
Appendix Suplejack-Project – Mineral Resource Estimate – February 2017 Suplejack Mineral Resource Estimate Feb 17 by Classification and Domain Area Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Million t Au g/t Oz Million t Au g/t Oz Million t Au g/t Oz Indicated Inferred Total Oxide H