Global Gold Mining Limited · ASX:GGM
Global Gold Mining — MetalsTech — NWR Virtual Small Caps Conference (August 2020)
17 slides from Global Gold Mining's conference presentation, August 2020
Slide 1: Resurrecting Europe's Sturec Gold Mine
RESURRECTING EUROPE’S STUREC GOLD MINE NWR Virtual Small Caps Conference Presentation 1
Slide 2: Important Information
Important Information This presentation has been prepared and issued by MetalsTech Limited (the “Company") to inform interested parties about the Company and its progress. The material contained in this presentation sets out general background information on the Company and its activities. It does n
Slide 3: Snapshot
SNAPSHOT MTC.ASX | MT1.FRA Capitalisation Data # Top Holders Share Price 10/8/20 A$ 0.205 1 J P MORGAN NOMINEES 26.5% Shares on Issue M 127.31 AUSTRALIA PTY LIMITED Market Cap (MC) A$M 26.1 2 NATRES SERVICES PTY LTD 14.8% Cash1 A$M 1.07 3 MRS RACHEL D'ANNA 9.5% Further Funding A$M 2.5 4 CITICORP NOM
Slide 4: Move into Gold
STUREC MOVE INTO GOLD 20 Nov 19 Option to acquire Sturec gold & silver deposit from Arc Minerals 30 Dec 19 Exercise of Option 11 Mar 20 Expansion of technical team 2 Apr 20 Extension to underground mining permit 8 Apr 20 JORC 2012 resource estimate >1Moz gold 21 Apr 20 High grade drill targets defin
Slide 5: New Entrant to Gold Sector
METALSTECH NEW ENTRANT TO GOLD SECTOR $700 Market Capitalisation per Resource Ounce $600 See Appendix 1 & 2 for assumptions, company details and project details $500 $400 ▪ 1Moz+ Resource ▪ 76% Measured + Indicated ▪ $24/oz ($A) $300 $200 Significant leverage to a “market re-rate” $100 $- # The atta
Slide 6: Sturec Location
METALSTECH STUREC LOCATION Location of Sturec relative to the other major gold and copper-gold projects within the Western Tethys orogenic belt of central to southeastern Europe 6
Slide 7: Highlights
STUREC HIGHLIGHTS ▪ 1.5Moz gold and 6.7Moz silver produced historically ▪ JORC (2012) Resource of 21.2Mt at 1.50 g/t Au and 11.6 g/t Ag, containing 1.03Moz of gold and 7.9Moz of silver ▪ 76% Measured & Indicated Mineral Resource ▪ Significant resource expansion potential down dip and along strike ▪
Slide 8: Sturec
METALSTECH STUREC ▪ Epithermal style deposit >2.5Moz including significant prior production of gravity gold ▪ Mineralisation known over 5km strike, most of the gold in current resource within 450m long 200m deep and 80m wide dilation zone at ~2g/t, with a lack of drilling down dip and along strike ▪
Slide 9: Resource Sections
STUREC RESOURCE SECTIONS Drilling Underway 9
Slide 10: Southern Extension - Main Deposit
METALSTECH SOUTHERN EXTENSION - MAIN DEPOSIT Last phase of drilling returned significant results at depth including hole STOR 3.11 See announcement 21 April 2020 ‘MetalsTech Targets High Grade Gold Zone’ Drilling Underway 10
Slide 11: Development Options
STUREC DEVELOPMENT OPTIONS ▪ 2013 pit design extends to 460mRL, would be highly profitable but approvals may take longer due to operational footprint ▪ Alternatively a lower impact mine as an underground operation below 660mRL (~100m from surface), targeting 3,000oz/vertical metre, gold and 20,000oz
Slide 12: Drilling Underway
METALSTECH DRILLING UNDERWAY ▪ 3,000m underground diamond core drilling program has commenced targeting the high grade plunging zone at Sturec – first hole shown below (yellow) ▪ First few holes designed to confirm orientation of any high grade plunge extension ▪ Once orientation is better understoo
Slide 13: Exploration Upside & Catalysts
STUREC EXPLORATION UPSIDE & CATALYSTS ▪ Resource expansion drilling at Sturec Additional Exploration Targets at Sturec zone underway with assay results expected intermittently over the next 3 months ▪ Resource update late 2020 ▪ Re-start activity (as currently permitted) in the Andrej adit for bulk
Slide 14: Mix of Skills & Skin in the Game
BOARD & LEADERSHIP MIX OF SKILLS & SKIN IN THE GAME Russell Moran – Chairman Dr Quinton Hills – Exploration Manager ▪ Proven resources investor, M&A specialist ▪ Experienced structural geologist and operator with a track record of major ▪ Responsible for the discovery of the 100 resource discoveries
Slide 15: Appendix 1 - JORC Resources
STUREC APPENDIX 1 - JORC RESOURCES Resource Estimate above 0.40 g/t Au cut-off and within an optimised open pit shell Resource Tonnes Density Au Ag AuEq1 AuEq1 Au (koz) Ag (koz) Category (kt) (t/m3) (g/t) (g/t) (g/t) (koz) Measured 3,000 2.17 1.69 13.5 1.79 161 1291 171 Indicated 11,200 2.24 1.79 14
Slide 16: Appendix 2 – Sector Comparisons
STUREC APPENDIX 2 – SECTOR COMPARISONS Type of Resource Grade Company Code Stage Location Share Price Shares (M) MC ($M) MC/Oz Resource Confidence Source Deposit (Moz) (g/t) Golden Rim Resources GMR Exploration Cote D'Ivoire OP $ 0.016 1.4 1.40 1472 $ 24 $ 17 Indicated/Inferred August Presentation (
Slide 17: MetalsTech Limited contact details
ASX : MTC | FRA : MT1 MetalsTech Limited Suite 1, 44 Denis Street Subiaco WA 6008 Australia Russell Moran – Chairman - M +61 415 493 993 - [email protected] Gino D’Anna – Director - M +61 400 408 878 - [email protected] Nathan Ryan – Investor Relations (Australia) - M +61 420 582 887 - nathan
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