For personal use only - ASX · ¨ Dave O’Neill Exploration Manager (formerly Exploration Manager...
Transcript of For personal use only - ASX · ¨ Dave O’Neill Exploration Manager (formerly Exploration Manager...
AGMUpdate
November2016
Insert pic of drill rig from website
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ThispresentationcontainsanoverviewofMontezumaMiningCompanyLtdanditsassociatedentities(Montezuma)andtheirrespectiveactivitiesandoperations. Thecontentsofthispresentation,includingmattersrelatingtothegeologyofMontezuma’sprojects,mayrelyonvariousassumptionsandsubjectiveinterpretationswhichitisnotpossibletodetailinthispresentationandwhichhavenotbeensubjecttoanyindependentverification.
Thispresentationcontainsanumberofforward-lookingstatements. Knownandunknownrisksanduncertainties,andfactorsoutsideofMontezuma’scontrol,maycausetheactualresults,performanceandachievementsofMontezumatodiffermateriallyfromthoseexpressedorimpliedinthispresentation.
Tothemaximumextentpermittedbylaw,Montezumadoesnotwarranttheaccuracy,currencyorcompletenessoftheinformationinthispresentation,northefutureperformanceofMontezuma,andwillnotberesponsibleforanylossordamagearisingfromtheuseoftheinformation.
Theinformationcontainedinthispresentationisnotasubstitutefordetailedinvestigationoranalysisofanyparticularissue. CurrentandpotentialinvestorsandshareholdersshouldseekindependentadvicebeforemakinganyinvestmentdecisioninregardtoMontezumaoritsactivities.
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n MarketData¨ SharesonIssue: 83.5M¨ SharePrice: $0.13¨ MarketCap: $10.8M¨ Cash: ~$5.3M¨ Investments: ~$5.2M¨ Debt: Nil¨ EV ~$0.3M¨ Top20Shareholders: ~60%
n BoardofDirectors¨ SeamusCornelius Chairman
(lawyer)
¨ JustinBrown ExecutiveDirector(geologist)
¨ JohnRibbons Director(accountant)
n Management¨ DaveO’Neill ExplorationManager
(formerlyExplorationManageratWesternAreasNL)
OverviewF
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SinceIPO,theMontezumacapitalmanagementstrategyhasdeliveredover$20MinexplorationexpenditureandincreasedNTA’stoover$10Mwhilepreservingthe
capitalstructuretomaintainleverageforshareholders.
CorporateStrategy
n Capitalmanagementthroughsensiblecorporatetransactionssuchas:
¨ Actingasvendorinnewcompanies– equityholdingprovidesupsidetoallassetsinnewco.
¨ Assetsales– immediatecashinjectionontothebalancesheet.
¨ JointVentures– minimise spendwhilepreservingupsideexposure.
n Explorationonprioritytargetstoretain100%exposuretobesttargets,fundedbymonetisation ofnon-coreprojects/holdings.
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KeyInvestmentsThecurrentportfolio
Totalcurrentmarketvalueofapproximately$5.16M*
Additionalleverageprovidedby4M12.5cBUXoptionposition
*BasedonASXclosingpriceson23November2016.
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StrategicOverview
n Strategy1– Growththroughdiscoveryoracquisition:¨ Discovery
n PrioritygoldtargetsaredrillreadyatYamarna andHolleton.
n DevelopingpipelineatGreenDam,Leinster,LakeJohnstoneetc.
n Ongoingprojectgenerationworktoidentifynewopportunitiesforexplorationsuccess.
¨ Acquisition:
n Investmentportfoliomaturing– warchestforacquisitions.
n Ideallytargetingneartermproductionassetsinthe$20-$30Mrange.
n Strategy2– Protectingshareholderleverage:n Prioritising generatingworkingcapitalthroughassettransactionsnotnewissues.
n Grownettangibleassetsbaseasamechanismfordownsideprotection.
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§ TargetedtenementacquisitionongoinginWesternAustralia.
§ Ongoingreviewofacquisitiontargets.§ Currentlyholdtenementsforvariouscommoditiesin
WesternAustralia.§ Prioritygoldtargetsat100%ownedYamarna Project in
theYamarna GreenstoneBelt.§ Recentlyacquired100%ownedHolleton Project inthe
Holleton Greenston BeltinsouthwestWA.§ Others(forexample):
§ ButcherbirdManganeseandCopperProjectapproximately120kmsouthofNewman.
§ GreenDamNi-Cu-PGEsulphide/Goldproject.§ NewlyacquiredgroundpackagesatLakeJohnston
andLeinster.Prospectivefornickelandgold.§ ResidualironoreroyaltyatMtPadbury.§ ResidualgoldroyaltyatPeakHill.
Projects
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JATZPROSPECTMultipleOreGradeRCDrill
Intersectionswithinfoldnose–stockworkveining
TheYamarna Project:RegionalContext
CRUSKITPROSPECTNumerousAuMineralisedAir-coreintersectionsalongmajorstructural
corridorandcontact
RITZTARGETAircore geochemicalanomalyProspectivestructuralposition
LESNAKPROSPECTPotentiallymineralisedstructureintersectsfelsic
intrusive
§ Location20kmalongstrikefromGruyere(6.2Moz resource*)enhancesprospectivity.
§ RecentstructuralandgeophysicalmodellingsuggestsparallelstoGORground.
§ Gruyereagedstructuresidentified.
§ Jatzgoldmineralisationhostedinbroadstockworkveinsystemonfoldedfelsic/maficcontact.
§ NewstructuraltargetsidentifiedwithcoincidentgeochemicalanomalismatRitz,LeSnak,Cruskit andRyvita.
Gravityoverlayingmagnetics(1VDTMI)imagery
RYVITATARGETAircore geochemical
anomaly
*website reference: http://goldroad.com.au/media/57e1ebd7caafd575889042.pdf
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Note: all intercepts quoted as downhole widths
YARC0017m @ 5.4 g/t Au
Incl. 2m @ 17.5 g/t Au
YARC0142m @ 1.1 g/t Au
YARC0024m @ 1.9 g/t Au
Incl. 2m @ 3.2 g/t Au
YARC0179m @ 0.7 g/t Au
Incl. 1m @ 3.8 g/t Au
YARC0412m @ 9.0 g/t Au
Incl. 1m @ 17.5 g/t Au
YARC0441m @ 1.8 g/t Au
YARC0552m @ 7.9 g/t Au
Incl. 1m @ 15.5 g/t Au
YARC0131m @ 1. 1 g/t Au
YAAC3397m @ 185 ppb Au
YARC0164m @ 1.2 g/t Au
Incl. 2m @ 1.8 g/t Au
SignificantHighGradeGoldMineralised
StructureOver 1kmLongOpento theNorth
NEW RC INTERSECTION
PREVIOUS RC INTERSECTION
0 250 500m
Possible follow up RC hole
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TheJatzGoldTrendF
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TheBigPicture:TheRegionalGreenstonePackageatJatz
YARC0552m @ 7.9 g/t Au
Incl. 1m @ 15.5 g/t Au
YAAC37311m @ 144 ppb Au(BOH Basement)
YAAC2331m @ 1.1 g/t Au
YAAC2519m @ 1.6 g/t Au
Incl. 1m @ 12.5 g/t Au
YARC0017m @ 5.4 g/t Au
Incl. 2m @ 17.5 g/t Au
RITZ PROSPECT
RYVITA PROSPECT
JATZ PROSPECT
YAAC23614m @ 254 ppb Au(BOH Basement)
RC DRILLING INTERSECTION
AIRCORE INTERSECTION
0 0.5 1km
Drillhole Max. Gold Downhole (ppb)
E38/2889
YAAC4087m @ 192 ppb Au(BOH Basement)
LE SNAK PROSPECT
YAAC3854m @ 457 ppb Au
Incl. 1m @ 1.6 g/t Au(BOH Basement)
YAAC4574m @ 269 ppb Au
YAAC4411m @ 219 ppb Au
YAAC4788m @ 375 ppb Au
YAAC4831m @ 315 ppb Au
YARC0179m @ 0.7 g/t Au
Incl. 1m @ 3.8 g/t Au
YARC0412m @ 9.0 g/t Au
Incl. 1m @ 17.5 g/t Au
2m @ 7.9 g/t Au Incl. 1m @ 15.5 g/t Au
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Holleton ProjectEffectiveProjectGenerationatWork
§ Acquisitioncostsnegligible:applicationfeesonly.
§ EarlyworkdonebyIndependenceGroupNLin2008/09.
§ Multiple>100ppbsoilanomaliesprovidingapipelinetargets.
§ “Walkupdrilltargets”includetheBrahmagoldprospect,a2.5kmlonggoldinsoilanomaly withextensivegoldanomalisminaircore drilling.
§ Numerousothertargetsamenabletocheapexplorationtesting.
§ A“FreeHit”frompreviouswork.
§ Landaccesstalksatadvancedstage
next slide showsthis area in detail
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§ Coherentgoldinsoilanomaly2.5kminstrike.
§ Confirmedbyaircoredrilltraversesalongtheentirestrikelength.
§ Onlythreedeeperholesdrilledandallthreereturnedsignificantgoldanomalism.
BrahmaUnfinishedBusiness
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BrahmaUnfinishedBusiness
§ Basementmineralisationproven.
§ Scalepotentialevident.§ Moredrillingrequired.F
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n Jatz:FollowupRCdrillingatJatztofollowuphighgraderesults:
Heritageclearances COMPLETE
POWapprovals COMPLETE
Drilling COMMENCINGASAP
n Ryvita,LeSnak andRitz:Followupaircore drillingtodelineatethestrikeextentofthetargetsandbuildtheexplorationpipeline.
n Holleton:Aircore anddeeperRCdrillingtocommenceASAPoncelandaccessagreementsandPOW’sareinplace.
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Montezumaiswellfundedandstrategicallypositionedforarecoveringcommoditiesmarket…
§ Strongfinancialposition– cashandinvestments.§ Strongcashposition.§ Significantliquidinvestmentsinlistedentities.§ Lowcoststructure.§ Tightcapitalstructure.
§ Experiencedboardandmanagementteam.§ Historyoftransactionalandtechnicalsuccess.§ Existingassetspresentexcitingpotentialforexplorationsuccess.
§ Yamarna – GOLD:followuponhighgradegoldpositions.§ Holleton – GOLD:verycheapacquisition,veryexcitingpotential.§ Other:MANGANESE,COPPER,NICKELetc.- apipelineforfuturegrowth.
2017Vision
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MontezumaMiningCompanyPhone:+61863151400Facsimile:+6189486709331VentnorAvenue,WestPerthWA6005POBox910,WestPerthWA6872www.montezuma.com.au
JustinBrownExecutiveDirectorP:+61-863151400E:[email protected]
Contact
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Questions
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Competent person
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n TheinformationinthisreportthatrelatestoExplorationResults,MineralResourcesandMineralReservesisbasedoninformationcompiledbyMrJustinBrownwhoisamemberoftheAustralasianInstituteofMiningandMetallurgy.AtthetimethattheExplorationResults,MineralResourcesandMineralReserveswerecompiled,MrBrownisanemployeeofMontezumaMiningCompanyLtd.MrBrownisageologistandhassufficientexperiencewhichisrelevanttothestyleofmineralisationandtypeofdepositunderconsiderationandtotheactivitywhichheisundertakingtoqualifyasaCompetentPersonasdefinedinthe2012editionofthe‘AustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves’.MrBrownconsentstotheinclusionofthisinformationintheformandcontextinwhichitappearsinthisreport.
n Pleasenotewithregardtoexplorationtargets,thepotentialquantityandgradeisconceptualinnature,thattherehasbeeninsufficientexplorationtodefineaMineralResourceandthatitisuncertainiffurtherexplorationwillresultinthedeterminationofaMineralResource.
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