Metal Bank Ltd · ASX:MBK
Metal Bank — Investor Presentation (November 2014)
29 slides from Metal Bank's investor presentation, Nov 3, 2014
Slide 1: ASX Company Announcement - Investor Update Presentation
3 November 2014 Company Announcements ASX Limited Announcement – Investor Update Presentation Please find attached an Investor Update Presentation from Metal Bank Limited. Yours Sincerely Sue-Ann Higgins Company Secretary ABN 51 127 297 170, PO Box R933, Royal Exchange, NSW, 1225 Australia T +61 2 9
Slide 2: Investor Update November 2014
INVESTOR UPDATE NOVEMBER 2014 ASX: MBK
Slide 3: Disclaimer
Disclaimer Purpose of this document This presentation has been prepared by Metal Bank Limited (“MBK") for general information purposes only using the information available to MBK at the time of publication. No reliance The information contained in this presentation is not investment, tax, accounting
Slide 4: About Metal Bank Limited
About Metal Bank Limited creating value Our Aim To create shareholder value by building a successful Our Business is gold and copper resource and development company Gold and Copper Our Strengths Major shareholders include a sophisticated investor group who founded Citadel Resources and grew it
Slide 5: About Metal Bank Limited - Our Projects
About Metal Bank Limited intrusion related gold systems – big prize Our Projects Portfolio of large scale quality intrusion related Our Business is gold ± copper projects Gold and Copper Two drill discoveries already this year in Qld Triumph Project – 9m @ 3.6 g/t Au from 114m Eidsvold Proje
Slide 6: Technical Management Team
Technical Management Team discovery and development track record Inés Scotland A founding shareholder and MD of Citadel through its massive growth during the discovery/development of the Jabal Sayid copper project in Saudi Arabia and acquisition by Equinox in early 2011 for $1.3B. Over 20 years
Slide 7: Simple Strategy
Simple Strategy discovery, success, shareholder value Building a portfolio of quality intrusion related gold projects – potential for world class discovery Employing cutting edge exploration models and technology providing an advantage and allowing for greater predictability in our targeting T
Slide 8: Intrusion Related Gold Systems
Intrusion Related Gold Systems potential for a large prize
Slide 9: Corporate Overview
Corporate Overview share structure Metal Bank Limited ASX: MBK shares on Issue 293M options 76M share price* $0.005 cash at bank** $0.42M market cap $1.5M *as at 30 October 2014 **as at 30 September 2014 Directors / Management 10% Macquarie Bank 4% Top 20 shareholders 84%
Slide 10: Triumph project
Triumph project discovery of a large gold system Metal rich district +18Moz Au
Slide 11: Triumph project - strategy paying off
Triumph project strategy paying off Identified an under-explored historical goldfield covering 1km2 – tenure secured 2010 Invested in greenfields exploration with new exploration protocols Results now highlight a gold camp extending over 15km2 of which >90% is concealed by shallow cover (<10m)
Slide 12: Triumph project - giant step forward
Triumph project giant step forward Structural reconstruction – magnetic low central to gold camp Structural Reconstruction Structural Reconstruction Magnetic Low = Felsic intrusive phase / ‘engine room’ driving the entire gold Central Target system Potential for high grade gold within and Bald H
Slide 13: Triumph project - thinking big
Triumph project thinking big Present day Central Target – Reactivation of Norton Fault Present Day Present Day Norton Fault – A long lived important mineralizing structure Central Target Early stages of Norton fault controlled the emplacement of gold bearing felsic intrusives control on regional a
Slide 14: Triumph project - uncovering a large opportunity
Triumph project uncovering a large opportunity Exploration vectors point to untested large scale targets at the centre of the gold system Outcropping high grade gold mineralisation occurs peripheral to the Central Target Recently discovered gold bearing gravels in cover sediments adjacent to B
Slide 15: Triumph project - limited previous drilling
Triumph project limited previous drilling High grade gold skirting the central magnetic low Structural Reconstruction Present Day 4m @ 10.5g/t Au from 31m including 1m @ 20.8g/t Au from 31m (NN06RC07) 1m @ 16.6g/t Au from 15m (NRC-16) Bald Hill Bald Hill 9m @ 3.6g/t Au from 114m including 1m @ 21.8g
Slide 16: Triumph project - Bald Hill
Triumph project Bald Hill – on the edge of something bigger Located peripheral to magnetic low Initial drilling in 2014 9m @ 3.6g/t Au 27m @ 0.43g/t Au Drilling confirms an extensive hydrothermal alteration system Plunging higher grade enveloped by an intensely altered low grade gold hal
Slide 17: Triumph project - next steps
Triumph project next steps Central Target Infill geological mapping Drilling of 10 structural / alteration targets already identified undercover Gold mineralised quartz- sulphide veins with sericite- pyrite alteration
Slide 18: Eidsvold project
Eidsvold project past production (100,000oz) early 1900’s Metal rich district +18Moz Au
Slide 19: Eidsvold project - fertile intrusive complex
Eidsvold project fertile intrusive complex 100,000oz historical goldfield hosted by intrusive basement exposed through sedimentary cover Alteration and structural targets defined in a 10km long corridor represent potential intrusive related gold systems Discovery of intrusion related gold mine
Slide 20: Exploration Targeting Tools
Exploration Targeting Tools classic example of magnetite destruction Mt Leyshon 3.5Moz gold deposit, Qld – great example of mapping a large alteration system using magnetic data outline of 3.5Moz gold deposit magnetite destructive phyllic alteration Magnetite Destruction – potential to define large
Slide 21: Eidsvold project - first mover advantage
Eidsvold project first mover advantage / opportunity Now opens up 250km2 of virtually unexplored, prospective fertile intrusive complex hosting historical goldfield Large ground holding secured Magnetite destruction an important targeting tool Potential for early success targeting interprete
Slide 22: Mt MacKenzie project
Mt MacKenzie project porphyry target
Slide 23: Mt MacKenzie project - Cu-Mo porphyry system
Mt MacKenzie project Cu-Mo porphyry system Target – bulk tonnage Cu-Mo ± Au system 3D view – Cu soil data Cu-Mo porphyry system defined by 1970’s ‘porphyry copper’ exploration – overlooked by modern gold exploration 100 – 500ppm Cu Cu-Mo typical metal association for many 500 – 1000ppm Cu large
Slide 24: Mt MacKenzie project - prospective metal zonation pattern
Mt MacKenzie project prospective metal zonation pattern Gold mineralisation is often found proximal 3D view – Cu soil data to the core in these styles of mineral systems gold target core 100 – 500ppm Cu 500 – 1000ppm Cu 3D view – Mo soil data gold target core from Blevin 2010 Next Steps: Surface s
Slide 25: Looking Ahead
Looking Ahead project execution and new opportunities Positioned for Growth (organic and acquisition) A team solidly grounded in project execution and generation – access to a global network and project opportunities
Slide 26: Summary - potential for a large prize
Summary potential for a large prize A portfolio of three projects with excellent short to medium term upside Our Business is Triumph Project – Targeting the ‘engine room’ of a Gold and Copper large system Eidsvold Project – ‘First mover’ opportunity on a fertile intrusive complex Mt MacKenzie
Slide 27: Summary - track record of success
Summary track record of success Strong shareholder backing – ex-Citadel team Our Business is Gold and Copper Significant ‘skin in the game’ Already two drill discoveries this year in Qld Team with a successful track record Evaluating new gold and copper opportunities
Slide 28: Directors and Management
Directors and Management integrated corporate governance Inés Scotland Founder and MD of Citadel Resources which sold for A$1.3B. Inés has been in the Non-Exec Chair resource industry for over 20 yrs and is currently a non-exec director of St Barbara. Tony Schreck Geologist with 25 yrs of mineral ex
Slide 29: Metal Bank Limited - contact us
Metal Bank Limited contact us ASX Code: MBK www.metalbank.com.au Tony Schreck Director 0419 683 196 [email protected]