Matsa Resources Ltd · ASX:MAT
Matsa Resources — 2009 Paydirt Gold Conference
21 slides from Matsa Resources's conference presentation, Apr 1, 2009
Slide 1: 2009 Paydirt Gold Conference Presentation
2009 PAYDIRT GOLD CONFERENCE PRESENTATION
Slide 2: Forward Looking Statements
MATSA RESOURCES Forward Looking Statements The material used in this presentation is intended to be a summary of selected geological data, current and proposed activities, as well as resource estimates based on information available to Matsa Resources at the time. It does not include all available i
Slide 3: Unlocking the Value of the Norseman Goldfields
MATSA RESOURCES UNLOCKING THE VALUE OF THE NORSEMAN GOLDFIELDS • 1.5 million ounces of Gold resources • Shallow high grade gold resources • Near-term cash flow potential > $30 million • Long-term cash flow potential > $300 million being > $40 million per annum • Further significant Gold exploration
Slide 4: Western Australian Projects
MATSA RESOURCES Western Australian Projects
Slide 5: South East Asia
MATSA RESOURCES South East Asia
Slide 6: Investment Proposition
MATSA RESOURCES INVESTMENT PROPOSITION • EXECUTIVE & OPERATIONAL experience • COMPANY STRUCTURE orientated • LARGE GOLD holdings • CASH FLOW positive • GROWTH opportunity
Slide 7: Board & Management
BOARD & MANAGEMENT Executive Chairman Paul Poli - BComm FCPA Company Director and major shareholder with varied interests in Australia and South East Asia. Executive Director Andy Viner - BAppSc, MAusIMM 25 years geology experience and past founding Managing Director of ASX listed Jackson Minerals L
Slide 8: Investment Proposition
MATSA RESOURCES INVESTMENT PROPOSITION • EXECUTIVE & OPERATIONAL experience • COMPANY STRUCTURE orientated • LARGE GOLD holdings • CASH FLOW focussed • GROWTH opportunity
Slide 9: Corporate Structure
CORPORATE STRUCTURE Shares on Issue – tradeable 88.45 million Shares on Issue - escrow 12/09 8.8 million Options on Issue – Unlisted 35 cents* 7.8 million Options on Issue – Unlisted 50 cents** 9 million Directors/Employee Options (50-100 cents)*** 2 million Cash $1.8 million Major Shareholders Paul
Slide 10: Investment Proposition
MATSA RESOURCES INVESTMENT PROPOSITION • EXECUTIVE & OPERATIONAL experience • COMPANY STRUCTURE orientated • LARGE GOLD holdings • CASH FLOW focussed • GROWTH opportunity
Slide 11: Norseman Gold Project
NORSEMAN GOLD PROJECT • Indicated & Inferred Resources • 2008 Scoping Study • One of the largest undeveloped gold deposits in Australia • 26.5 million tonnes @ 1.7 g/t gold • 1.5 million ounces • 7 year mine life • 100,000 ounce per year production • Strong NPV results Average gold Average NPV price
Slide 12: Investment Proposition
MATSA RESOURCES INVESTMENT PROPOSITION • EXECUTIVE & OPERATIONAL experience • COMPANY STRUCTURE orientated • LARGE GOLD holdings • CASH FLOW focussed • GROWTH opportunity
Slide 13: Value Proposition
MATSA RESOURCES VALUE PROPOSITION • Realise Market Capitalisation potential of assets • Norseman Project @ $15 /resource ounce = Enterprise Value $21.6M ¾ $A Gold price rising + Costs falling - OPTIMAL TIMING ¾ Pre-feasibility for new development commenced • Early cash-flow opportunity from shallow
Slide 14: Norseman Gold Project: North Scotia gold resource
NORSEMAN GOLD PROJECT North Scotia gold resource • 560,000 t @ 3.3 g/t for 60,000 oz • FW 1 lode - 120,000 t @ 7.5 g/t for 28,000 oz • Less than 100 metres depth
Slide 15: North Scotia Scoping Study at $1,400 gold price
NORSEMAN GOLD PROJECT North Scotia Scoping Study at $1,400 gold price • Scenarios deliver $15 million to $20 million cash surplus • 90,000 to120,000 tonnes production within open pit • Average grades of 6.8 to 7.3 g/t • Cash operating cost estimate of $570 to $610 per ounce • Maximum start-up operat
Slide 16: Upside opportunities – Gold
NORSEMAN GOLD PROJECT Upside opportunities – GOLD • Shallow higher grade resources provide opportunities for immediate cash-flow • Granted mining leases, environmental surveys and Native title agreement • Toll milling enquiries positive - Norseman to Coolgardie • Mount Henry Resource re-assessment •
Slide 17: Mt Henry Scoping Study at $1,400 gold price
NORSEMAN GOLD PROJECT Mt Henry Scoping Study at $1,400 gold price • Scenarios deliver $12 million to $30 million cash surplus • 260,000 to 560,000 tonnes production within open pit • 25,000 to 50,000 ounce production potential • Average grades of 2.8 to 3.2 g/t • Cash operating cost estimate of $660
Slide 18: Investment Proposition
MATSA RESOURCES INVESTMENT PROPOSITION • EXECUTIVE & OPERATIONAL experience • COMPANY STRUCTURE orientated • LARGE GOLD holdings • CASH FLOW focussed • GROWTH opportunity
Slide 19: Norseman Iron Ore: Upside opportunities
NORSEMAN IRON ORE Upside opportunities - IRON ORE • Untested Banded Iron Unit • Same BIF as Southern Cross (Portman) • KAL - 16 kilometre strike length • Up to 200 metres width • Magnetite and DSO Hematite potential • Located both separate to and within Gold deposits - dual processing? • INFRASTRUCT
Slide 20: Investment Proposition
MATSA RESOURCES INVESTMENT PROPOSITION • EXECUTIVE & OPERATIONAL experience • COMPANY STRUCTURE orientated • LARGE GOLD holdings • CASH FLOW focussed • GROWTH opportunity
Slide 21: www.matsa.com.au
Head Office Kalgoorlie Office Level 1 Suite 1, Vosper House 13 Collier Road 31-33 Dugan Street Morley Kalgoorlie Western Australia 6062 Western Australia 6430 Tel: +61 8 9275 4258 Tel: +61 8 9021 7200 Fax: +61 8 9375 1323 Fax: +61 8 9021 7277 www.matsa.com.au