Maritana Minerals Limited · ASX:MRT
Maritana Minerals — Horizon Minerals — Mining Forum October 2020
22 slides from Maritana Minerals's conference presentation, October 2020
Slide 1: October 2020 Mining Forum
OCTOBER 2020 MINING FORUM
Slide 2: Nature of Document and forward-looking statements
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 This Presentation is provided on
Slide 3: Horizon Minerals: emerging mid-tier gold producer
Horizon Minerals Limited is an emerging mid-tier gold producer with high quality projects located in the heart of the West Australian goldfields. The Company is led by a Board and Management team with deep experience developing and operating successful gold mines within the Kalgoorlie region. Horizo
Slide 4: Board and Management / Overview
$0.20 6,000,000 Board and Management 1 $0.18 $0.16 5,000,000 Ashok Parekh Chairman $0.14 4,000,000 $0.12 Peter Bilbe Non-Executive Director $0.10 3,000,000 $0.08 Jon Price Managing Director $0.06 2,000,000 $0.04 1,000,000 Grant Haywood Chief Operating Officer $0.02 $0.00 0 David O’Farrell Exploratio
Slide 5: Large 850km2 land holding in WA goldfields
• Large +850km2 land holding in heart of WA goldfields • 100% owned and operated by Horizon Minerals • All tenure in close proximity to all necessary infrastructure and services • Landholding covers major regional geological structures • Mineral Resource +1.1Moz remains open along strike and at dept
Slide 6: Strategic objective: Boorara base load with satellite deposits
STRATEGIC BOORARA1 Targeting initial 4-5 mine life based on a standalone OBJECTIVE: Resource 16.45 mt @ 0.97 g/t Au for 507koz processing solution with Boorara providing base load Initial 4-5yr mine Mine Open pit / Additional satellite deposits feed supplemented by high underground grade satellite d
Slide 7: Boorara project and trial mining
• Located 10km east of Kalgoorlie and adjacent to the Super Pit gold operation • Excellent width and grade across all three deposits (Royal, Crown Jewel and Regal) with ore starting at surface • Mineral Resource Estimate of 507,000oz Au1 across 1.8km strike to provide the baseload feed and mill site
Slide 8: Boorara long section: high grade main dolerite zone
HIGH GRADE MAIN DOLERITE ZONE AND MULTIPLE HIGH-GRADE FLAT LYING VEIN ARRAYS T T 6591500mN = 370000mE 6591000mN BORC206 im @ 2.09 git Au BODHO25 163m @ 4,29 git Au (HORIZON Boorara Long Section Showing Block Model (Search window + 200m) BORC17: @1 New high grade mineralisation discovered below Crown
Slide 9: Boorara extension drilling plans
• Boorara project area has multi-million ounce potential through extension drilling for both open cut and underground mine development 1 • Up to 15,000m of drilling planned in FY21 to test a range of resource extension and discovery targets: • Resource extension in areas along a 25km trend from Bala
Slide 10: Rosehill project
• Acquired as part of the asset swap completed with Northern Star in late 2019 • Located east of Coolgardie and 45km from Boorara • Mineral Resource of 95koz grading 2.5g/t Au1 • Demonstrated open pit (>2.5g/t) and underground (>4g/t) development potential • RC and diamond drilling underway for rese
Slide 11: Binduli project
• Located west of Kalgoorlie and 20km from Boorara • Mineral Resource of 74koz grading 1.8g/t Au1 • RC and diamond drilling underway • Excellent metallurgy with test work recoveries over 95% with a high gravity component1 • Targeting open pit grades of ~2g/t • Three additional high priority targets
Slide 12: Teal project
• Located 20km north west of Boorara • Mineral Resource of 289,000oz grading 2.1g/t Au 1 • Up to four parallel mineralised structures open along strike and at depth • Successfully mined Teal Stage 1 and 2 open cut generating A$7m cash in 2017-2018 2 • Mine performed in line with Study estimates of 2
Slide 13: Drilling across the portfolio
• Initial focus is reserve generation and resource growth • Four rigs currently on site drilling across the portfolio • More than 15 high priority new discovery targets identified June 2021 Reserve generation drilling Boorara, Rose Hill, Brilliant North, Crake, Teal, Jacques Find Resource growth dri
Slide 14: Boorara development timeline
PHASE Q3 CY20 Q4 C Y20 Q1 CY21 Q2 CY21 Q3 CY21 Q4 CY21 Q1 CY22 Q2 CY22 Q3 CY22 BOORARA STAGE 1 Trial - Mining mining - Toll milling Drilling program 70,000m drilling program Resource updates Feasibility study DFS Project financing Project development Production 1See Forward Looking and Cautionary St
Slide 15: Non-core assets
Nanadie Well (Cyprium Metals ASX:CYM) Richmond Vanadium Project • Recently divested for $1.5m in cash and shares • 25% JV interest • 45km2 in the Murchison region • Located in North Queensland • Focused on gold, copper, nickel, cobalt and PGE • 1.8Bt resource • Drilling underway with PFS due mid-202
Slide 16: Summary: WA goldfields exploration potential
WA goldfields Exciting exploration potential Large tenement holding in the heart of FY21 drill program for 70,000m to the Western Australian goldfields grow resources and make new surrounded by all required services discoveries to drive high news flow Highly experienced Board Clear pathway to produc
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Slide 18: Board and management biographies
Ashok Parekh, Non-Executive Chair Peter Bilbe, Non-Executive Director • Chartered accountant with over 40 years’ experience who owns a large Accounting • Mining Engineer with over 40 years’ experience Practice in Kalgoorlie, which he has operated for 33 years • Has held senior management positions a
Slide 19: Summary of Gold Mineral Resources
Horizon Minerals Limited – Summary of Gold Mineral Resources (at a 1g/t Au cut-off grade) Project Cut-off Measured Indicated Inferred Total Resource Grade Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Teal 1.0 1.01 1.96 63,681 0.80 2.50 64,458 1.81 2.20 128,000 Jacques Find 1.0 1.60 2.
Slide 20: Boorara Gold and Nimbus resources
Boorara Gold Resource (at a 0.5 g/t Au cut-off grade) Nimbus All Lodes (bottom cuts 12 g/t Ag, 0.5% Zn, 0.3 g/t Au) Category Tonnes Grade Ounces Category Tonnes Grade Grade Grade Ounces Ounces Tonnes Mt Au (g/t) (k'000) Ag Au Mt Ag (g/t) Au (g/t) Zn (%) (k'000) (Moz's) (k'000) Measured Resource 6.11
Slide 21: Forward looking and cautionary statements
• 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 statements include, but are not limited to, stat
Slide 22: 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 22