Kalgoorlie Gold Mining Limited · ASX:KAL
Kalgoorlie Gold Mining — Investor Presentation (May 2023)
22 slides from Kalgoorlie Gold Mining's investor presentation, May 2023
Slide 1: Pinjin Farm-In & Rebecca West Acquisition
(ASX: KAL) PINJIN FARM-IN & REBECCA WEST ACQUISITION Investor Webinar May 2023
Slide 2: Disclaimer and Forward-Looking Statement
Disclaimer and Forward-Looking Statement This presentation has been prepared by Kalgoorlie Gold Mining Limited (Company). It contains general background information only which is current at the date of this presentation unless otherwise specified. It contains selected summary information and does no
Slide 3: KalGold Investment Proposition
KalGold Investment Proposition Global experience applied to the Eastern Goldfields Proven, low-cost gold discoverer • La Mascotte: One of the lowest cost JORC resources in recent times (outcropping gold near Kalgoorlie: 138,000oz for $4.60/oz) within 14 months of IPO • Pinjin acquisition: in the 30M
Slide 4: Experienced Board and Management
Experienced Board and Management • Investment strategist, commercial focus Pauline Gately – Non-Executive Chair • 20 years investment banking • Acquisitions, exploration, project development • Economic and Structural Geologist (PhD), global experience Matt Painter – Managing Director and CEO • 25 ye
Slide 5: Discovery Strategy
Discovery Strategy Discovering low-cost gold resources near Kalgoorlie-Boulder Bulong Taurus Gold Project • Low-cost discovery, JORC resource and extension 35km from Kalgoorlie Laverton Tectonic Zone • Target generation and exploration at the Pinjin Project • Initial focus on shallow, high-grade hit
Slide 6: Pinjin Project: The Opportunity
Pinjin Project: The Opportunity • Pinjin South and Kirgella Farm-In (39 km2) – 4 Exploration Licences (granted) – 3 Prospecting Licences (granted) – 2-year farm-in, $1.4M spend commitment – Kirgella Gift: shallow, high-grade gold not explored since 2011. – 21.5km strike continuity from Anglo Saxon t
Slide 7: Within the Laverton Tectonic Zone
Within the Laverton Tectonic Zone • 80.6 km2 at south end of the Pinjin Goldfield – 41.6 km2 KalGold tenure (applications) – 39.0 km2 Farm-In tenure • Within southern part of highly prospective 30Moz Laverton Tectonic Zone – Hosts some of the largest deposits in the Eastern Goldfields (Sunrise Dam,
Slide 8: Kirgella: Priority targets
Kirgella: Priority targets Kirgella Gift • Main target, location of first drilling by KAL • High-grade mineralisation open at shallow levels, encased by a broader zone of moderate grades. Southerly plunge open within 40m of surface Providence • Last discovery (2012) handful of drill holes • Possible
Slide 9: Plenty of gold
Plenty of gold KSRC013: 10m at 1.93g/t from 12m . KSR006: 32m at 2.61g/t from 13m • Thick zones of high-grade including 4m at 3.29g/t from 16m including 6m at 2.61g/t from 18m and 9m at 2.07g/t from 26m . mineralisation intersected and including 5m at 3.75g/t from 27m KIRGELLA GIFT including 5m at 2
Slide 10: Historic Exploration Drilling Value
Historic Exploration Drilling Value Hole Type Count Metres Avg Depth ~$Cost/m ~$Au/Assay $Drill Cost $Assay Cost $Total $Total % RAB 113 4,374 39 $30 $15 $131,000 $16,000 $147,000 4.3% T12 AC 485 35,446 73 $40 $15 $1,418,000 $133,000 $1,551,000 45.3% RC 51 7,332 144 $75 $20 $550,000 $147,000 $697,00
Slide 11: Initial Confirmatory Drilling Complete
Initial Confirmatory Drilling Complete • KalGold has completed three closely spaced confirmatory drill holes • 355m of RC drilling to test shallow gold mineralisation at Kirgella Gift • Broad zones of shearing and alteration contained quartz-carbonate(-pyrite) veining • One hole encountered visible
Slide 12: Kirgella and Providence: One Gold System
Kirgella and Providence: One Gold System • Two prospects likely part of one system • Limited exploration and open mineralisation suggest huge upside KIRGELLA GIFT PROVIDENCE Drilling • 36 RC holes for 5101m • 2 RC holes for 290m KIRGELLA • 1 DD hole for 315.5 GIFT Gold controls Mineralisation style
Slide 13: Continuous gold mineralisation?
Continuous gold mineralisation? • Southward plunge defined at Kirgella Gift KIRGELLA GIFT PROVIDENCE – Near-surface targets – Open and untested at shallow levels – Findings consistent with CSIRO 2012 study • Opportunity to grow gold inventory by infill drilling the 300-500m gap Systematic RC drillin
Slide 14: Conceptual cross-sections and drill plans
Conceptual cross-sections and drill plans • Scope to modify hole parameters with learnings as programs progress and discoveries made • Nominal 50x20m hole spacing, tightening if required • Programs to be staged to facilitate efficiency and “bang-for-buck” as deposit shape is gradually revealed • Pos
Slide 15: Pinjin South targets
Pinjin South targets 500m from Anglo Saxon Pit – Distance from P31/2099 to pit edge Wessex Prospect WESSEX GKRPINB164: 10m at 1.57g/t Au from 28m – Historic intercepts show mineralisation Wessex target 4m at 3.03g/t Au from 28m including dipping into P31/2102 GKRPINB164: 8m at 7.36g/t Au from 32
Slide 16: Rebecca West
Rebecca West • Tenure lies between the Pinjin Mining Centre and Ramelius’s Rebecca Gold Project • 9km west of the proposed Rebecca gold plant • Gold targets: – being defined – structural targets emerging, to be ranked – peripheral to (but does not include) an internal granite within the Laverton Tec
Slide 17: Strengthened Balance Sheet to fund Pinjin drilling
Strengthened Balance Sheet to fund Pinjin drilling • Firm commitments received for – $1.4M via Placement and – up to $0.5M in Share Purchase Plan (SPP) • Strong support from new and existing sophisticated and professional investors • Funds applied to systematic drilling and assessment of the Pinjin
Slide 18: Capital Structure
Capital Structure 0.18 1400000 Key Metrics 0.16 1200000 ASX Code KAL 0.14 1000000 0.12 Shares On Issue 86,521,025 0.1 800000 0.08 600000 Share Price (@ 24 May 2023) $0.038 0.06 400000 Market Cap ~$3.3M 0.04 200000 0.02 Cash (@ 31 March 2023) * $1.5M 0 0 2/06/2022 7/07/2022 2/08/2022 5/09/2022 3/11/2
Slide 19: A huge opportunity for KalGold
A huge opportunity for KalGold Shallow, high-grade gold mineralisation at Pinjin- Kirgella located in one of the most prospective regional gold mineralised structures in the prolific Eastern Goldfields of WA Acquisition delivers on KalGold’s stated aim to assess appropriate projects systematically a
Slide 20: Matt Painter, Managing Director & CEO
Matt Painter Managing Director & CEO T: +61 8 6002 2700 E: [email protected] 20
Slide 21: Transaction Overview
Transaction Overview Pinjin (Kirgella) Farm-In Rebecca West Acquisition 1. Option • Purchase outright from the vendor tenements E28/3135 and o $100,000 option fee for 2 years E28/3136 for $100,000 cash in an agreement legally separate o KalGold to spend minimum $1.4M on drilling, including assays +
Slide 22: Tenement schedule
Area Area Tenement Holder Status (km2) Jungle Dam E 31/1119 KAL LIVE 195.40 Patricia North E 31/1326 KAL PENDING 8.92 Pinjin South P 31/2099 Farm-in LIVE 0.07 P 31/2100 Farm-in LIVE 0.10 P 31/2102 Farm-in LIVE 0.78 E 31/1127 Farm-in LIVE 2.51 E 31/1347 KAL PENDING 2.97 P 31/2168 KAL PENDING 0.08 Kir
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