Aureka Limited · ASX:AKA
Aureka — Navarre Minerals — Melbourne Mining Club – Cutting Edge, 8 November 2022
18 slides from Aureka's conference presentation, Nov 8, 2022
Slide 1: Melbourne Mining Club – Cutting Edge
M E L B O U R N E M I N I N G C L U B – C U T T I N G E D G E 8 N o v e m b e r 2 0 2 2
Slide 2: Forward Looking Statement
U N E A R T H I N G P R O S P E R I T Y FORWARD LOOKING STATEMENT ASX: NML This presentation has been prepared by Navarre Minerals Limited (Navarre or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided
Slide 3: Joining the Producer Ranks
JOINING THE PRODUCER RANKS U N E A R T H I N G P R O S P E R I T Y ASX: NML Acquisition of Mt Carlton Gold Mine completed mid December 2021 Transformation of Navarre to producer status with immediate cashflow generation Transition bedded down, solid production delivery (45.8Koz gold produced FY22) R
Slide 4: Board and Management Team
BOARD AND MANAGEMENT TEAM U N E A R T H I N G P R O S P E R I T Y ASX: NML Kevin Wilson Mr Wilson has over 30 years’ experience in the minerals and finance industries. He was the Managing Director of Rey Resources Limited, an Non-Executive Chair Australian energy exploration company, from 2008 to 20
Slide 5: Corporate Overview (ASX: NML)
CORPORATE OVERVIEW (ASX:NML) BOARD OF DIRECTORS CAPITAL STRUCTURE SHARE PRICE $0.045 Kevin Wilson Non-Executive Chairman SHARES ON ISSUE 1436.1 million PERFORMANCE RIGHTS 5.4 million Ian Holland Managing Director OPTIONS 7.6 million Geoff McDermott Technical Director FULLY DILUTED 1449.1 million MAR
Slide 6: Committed to Our Stakeholders
COMMITTED TO OUR STAKEHOLDERS U N E A R T H I N G P R O S P E R I T Y ASX: NML “4.5 out of 5 – Social Scholarships and Environmental Licence to Operate Apprenticeships with rehabilitation and Score” local Birriah research projects Deloitte Stakeholder Traditional Owners Perception Survey Strong safe
Slide 7: Mt Carlton Acquisition
MT CARLTON ACQUISITION U N E A R T H I N G P R O S P E R I T Y ASX: NML ▪ Operational background: – Commissioned 2013 – ~960ktpa nameplate conventional flotation/bullion processing circuit – Historically open pit and underground ore sources (currently open pit) – Material copper and silver by-produc
Slide 8: Resource Growth to +1Moz Gold Equivalent
RESOURCE GROWTH TO +1Moz GOLD EQUIVALENT U N E A R T H I N G P R O S P E R I T Y ASX: NML +14% ▪ Significant growth in Group Mineral Resources over H2 FY22 through aggressive drilling programs and improved commercial/offtake terms ▪ Group Mineral Resources (as at June 30, 2022)1: ▪ Mt Carlton/Crush
Slide 9: Exploration Driving Resource Growth
EXPLORATION DRIVING RESOURCE GROWTH U N E A R T H I N G P R O S P E R I T Y ASX: NML Total Mineral Resources at Mt Carlton of 11.2Mt at 1.49 g/t AuEq for 535koz AuEq contained1, including: ▪ V2: 2.65Mt at 2.79 AuEq g/t for 238koz AuEq contained ▪ MCU: 1.10Mt at 3.41 g/t AuEq for 121koz AuEq containe
Slide 10: MCU – Continues to Grow
MCU – CONTINUES TO GROW U N E A R T H I N G P R O S P E R I T Y ASX: NML MCU is a newly approved open pit mine located 4km west of the Mt Carlton mill, with first ore expected for delivery in the current quarter High-grade contribution the primary driver of production increase in H2 FY23 – 1.10Mt at
Slide 11: Crush Creek – Future Growth
CRUSH CREEK – FUTURE GROWTH U N E A R T H I N G P R O S P E R I T Y ASX: NML Crush Creek Mineral Resources (June 30, 2022)1 continuing to grow: ▪ BV1: Maiden resource of 0.43Mt at 3.00 g/t AuEq for 41koz AuEq contained ▪ BV7: 0.85Mt at 2.91 AuEq g/t for 80koz AuEq contained ▪ Delta: 1.17Mt at 2.25 g
Slide 12: Life of Mine Concept Emerging
LIFE OF MINE CONCEPT EMERGING U N E A R T H I N G P R O S P E R I T Y ASX: NML FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 V2 Mt Carlton United Telstra Hill Crush Creek TSF Retreatment ▪ Near-term focus on V2, MCU and Telstra Hill. Combined Mineral Resource for the three sources of 3.9Mt at 3.0 g/t AuEq
Slide 13: Victorian Projects - Overview
U N E A R T H I N G P R O S P E R I T Y VICTORIAN PROJECTS - OVERVIEW ASX: NML Stawell Corridor • Irvine - most significant new greenfield gold resource in Victoria in decades • Mineralisation style analogous with nearby Stawell Gold Mine (5Moz) • Geological footprint significant, targeting +1Moz in
Slide 14: Stawell Corridor Gold Project
U N E A R T H I N G P R O S P E R I T Y STAWELL CORRIDOR GOLD PROJECT ASX: NML Irvine Basalt Dome • Maiden Mineral Resource1 reported in March 2021 – 304koz at 2.4 g/t gold • Resource hosted on east flank of basalt dome, open down-dip and along strike • West flank remains poorly tested, follow up pr
Slide 15: Delivering on Our Strategy
U N E A R T H I N G P R O S P E R I T Y DELIVERING ON OUR STRATEGY ASX: NML ▪ Navarre has rapidly transitioned to domestic gold producer status with production in line with acquisition expectations ▪ Aggressive exploration program at Mt Carlton since ownership has delivered strong resource growth –
Slide 16: Navarre Minerals Limited
U N E A R T H I N G P R O S P E R I T Y ASX: NML Navarre Minerals Limited 40-44 Wimmera Street Stawell VIC Australia 3380 t +61 3 4329 0310 e [email protected] w navarre.com.au 16
Slide 17: Appendix: Mineral Resources
U N E A R T H I N G P R O S P E R I T Y APPENDIX: MINERAL RESOURCES ASX: NML Consolidated Navarre Mineral Resources1 – 30 June 2022 Notes: ▪ All Mineral Resources are reported in accordance with the JORC Code 2012 Edition. ▪ All figures are rounded to reflect appropriate levels of confidence. Appare
Slide 18: Appendix: Ore Reserves
U N E A R T H I N G P R O S P E R I T Y APPENDIX: ORE RESERVES ASX: NML Consolidated Navarre Ore Reserves1 – 31 December 2021 Navarre Minerals – Consolidated Ore Reserve Estimate - 31 December 2021 Gold Silver Copper Gold Silver Reserve Tonnes Copper Project grade grade grade Metal Metal Classificat
Navarre Minerals — Melbourne Mining Club – Cutting Edge, 8 November 2022 on 6ix