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GATEWAY MINING LIMITED AGM Information 2008

Nov 26, 2008

64999_rns_2008-11-26_6fa89326-4cb4-4c7e-9b30-a5181d4595dd.pdf

AGM Information

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Gateway Mining Limited

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Annual General Meeting 27[th] November 2008

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ASX CODE: GML

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Project Locations

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Exploration

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The Way Forward

-The Company has advanced Projects that require substantial exploration expenditure

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- The Company actively seeks cashed up Joint Venture parties to fund exploration

- The Company is developing further projects in its own right that may later be attractive to other JV partners.

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Future Exploration

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Joint Ventures

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- In the Last 12 months joint ventures funded by the other party have been;

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- Cowra: Minotaur JV Ongoing - Gidgee: Legend JV Ongoing - Gidgee: WCP JV Withdrew - Surprise: Minotaur JV Withdrew

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COWRA PROJECT

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Gateway/Minotaur/Mitsubishi Joint Venture

- Exploring for copper-gold in the Molong Volcanic Belt, host to the 30 million oz Newcrest Cadia/Ridgeway operations.

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- The Cowra Tenements are the least explored area in the Belt. These contain large complex intrusives with associated skarn development along the edges of the parent granite.

- Recent drilling by the JV partners has intersected skarn-style alteration, with associated elevated copper

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Kiola
Prospect
Balbardie
Prospect
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COWRA PROJECT

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Gateway/Minotaur/Mitsubishi Joint Venture – Quote from ASX release

- Results from drilling at the two prospects confirm the presence of significant sulphide alteration within the Cowra project. In particular the presence of massive sulphides, including chalcopyrite, and skarn-type alteration at Kiola supports our exploration model and verifies the copper-gold prospectively of the region.

-In 2009 the Joint Venturers are planning over 350 square kilometres of airborne EM surveys to help identify the presence of large sulphide-bearing orebodies within the project area, to be followed up by the RC drill testing of the highest priority targets.

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COWRA PROJECT

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Chalcopyrite – pyrrhotite mineralisation in KIORC003, 202.6 to 202.7m

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COWRA PROJECT

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Kiola Drilling: 2008

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SURPRISE PROJECT

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Surprise Project: Eastern Succession, Mt Isa area Queensland

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- The Eastern Succession contains a number of significant Cu & Cu-Au deposits, including Ernest Henry

- The Surprise Project , located over historic copper workings, was joint ventured to Minotaur Exploration throughout the year

- Minotaur initially carried out gravity and IP surveys

- A six hole RC drilling programme, targeting IP geophysical anomalies, intersected anomalous copper, including 4m @ 0.86%

  • Deeper gravity anomalies are yet to be drill tested

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  • An EM survey carried out after the drilling has also delineated a

  • number of targets, which are as yet untested

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SURPRISE PROJECT

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Surprise Project: Mt Isa area Queensland

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  • Minotaur withdrew from all their Queensland joint ventures post year end, which included the Surprise JV

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- Gateway has since applied for a third EPM, adjacent to the current EPM 9053 & 13677 and are awaiting grant.

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  • Gateway is currently reviewing all exploration data,

  • with a view to further drilling

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GIDGEE PROJECT, WA

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Overview

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  • Includes approximately 300km[2] of tenements over the

  • Gum Creek Greenstone belt

  • Considered prospective for gold, copper and nickel

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  • Significant exploration success for copper and gold

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- Gateway will be rationalising its tenement holdings and will actively be seeking new JV partners to control expenditure

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GIDGEE PROJECT, WA

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Gidgee project areas and prospect
locations
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AIRPORT AREA

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Overview

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  • This is an advanced project that is located over a group of oxide gold deposits

  • mined in the 1980’s by Herald Resources, who still retain a free carried interest in a number of the tenements

  • Ongoing success by Apex in delineating additional gold zones at their Gidgee

  • Project underlines the prospectivity of the area for high-grade gold resources

  • WCP Resources withdrew from the JV post years end after completing drilling,

  • and commissioning an independent technical report for future drill planning

  • WCP withdrew from a number of other exploration projects in the same period

  • As reported last year, results from WCP’s drilling were very encouraging,

  • including 22m @ 14.95g/t gold from an existing resource under the Whistler pit

  • The drilling resulted in other encouraging intersections, and Gateway believes

  • there is the potential for significant sulphide gold resources in the Airport area

  • Gateway is currently reviewing all data, with a view to planning the next stage of

  • exploration

  • We are also looking for JV partners

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MONTAGUE AREA

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Montague area, showing drilling results – WCP in red, historic in black

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THE CUP

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Overview

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- A new copper discovery by Gateway, initially intersected in aircore drilling

  • Follow up RC drilling during 2007/2008 has intersected

  • significant copper, including 30m @ 1.0% Cu in hole GRC183

  • Intersected over a strike length of 350m to date, and open to the

  • north, south, and down dip to the west

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  • Mineralisation dominated by chalcocite, a secondary copper

  • sulphide, which can be extracted by simple leaching

  • The prospect now needs significant RC and diamond drilling, to

  • determine the limits and style of mineralisation

  • A JV partner is being sought to continue work on the project

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THE CUP

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The Cup drillhole plan & section 8000N

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JULIA’S FAULT

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Overview

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  • A virgin gold discovery by Gateway, originally intersected in RC

  • follow up of RAB anomalies

  • Follow up RC drilling during 2007/2008 has confirmed the results

  • of earlier RC drilling

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- Gold has been intersected in widely spaced holes over a strike length of 950m to date, and a number of holes have been terminated in mineralisation due to drilling difficulties

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  • Located NNE of The Cup, and possibly on the same structural zone

  • The prospect now needs significant RC and diamond drilling to

  • determine the limits of mineralisation

  • A JV partner is being sought to continue work on the project

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JULIA’S FAULT

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Julia’s Fault drillhole plan showing gold intersections

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JULIAS FAULT

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Julia’s Fault section 9000N

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Other prospects

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Other prospects

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  • Victory Creek – gold mineralisation requiring further drilling

- Barrelmaker area – prospective for both nickel and gold – contains a number of komatiitic basalt flows, similar to those hosting Kambalda style mineralisation

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- Drilling at the Legendre and Crater Prospects in the Barrelmaker area has intersected komatiitic basalts, exhibiting cumulate and spinifex textures

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  • This drilling has also intersected elevated Ni and Cu, although

  • these possibly reflect background for these rock types

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- Aircore drilling by Legend Mining on the West Bungarra JV has intersected slightly anomalous PGE’s associated with ultramafic intrusives

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HODGKINSON BASIN

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Projects joint ventured to Republic Gold Limited for 1,350,000 shares and a 6% free carried interest to a decision to mine Total measured indicated and inferred resource of 37,000 ounces delineated at Reedy 8A and Hurricane

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Previous drilling returned 20 m @ 2.2 g/t gold at Campbell Creek within 1.5 km gold anomalous zone. Requires further testing

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GATEWAY MINING

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CONTACT DETAILS:

Dr Robert Creelman, Technical Director

Phone: 02 9283 5711; 0419 494 013 Website: www.gatewaymining.com.au

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ASX CODE: GML

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