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GATEWAY MINING LIMITED — AGM Information 2018
Nov 29, 2018
64999_rns_2018-11-29_76bdb27a-ab78-4243-8e00-2f482df61038.pdf
AGM Information
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ASX: GML
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Creating value from advanced gold exploration
in WA
AGM Presentation Peter Langworthy – November 2018
Proxy Votes
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2
Forward Looking Statements
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This presentation has been prepared by Gateway Mining Ltd (GML). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and through Gateway Mining has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by GML.
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This presentation is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and the completeness of the information, statements and opinions contained.
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This is for information purposes only. Neither this nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of GML shares in any jurisdiction. This does not constitute investment advice and has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.
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To the fullest extent permitted by law, GML, its officers, employees, related bodies corporate, agents and advisors do not make any representations or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimated, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this arising out of negligence or otherwise is accepted.
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Any forward looking statements included in this document involve subjective judgment and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and may be unknown to, GML. In particular, they speak only as of the date of this document, they assume the success of GML’s strategies, and they are subject to significant regulatory business, competitive and economic uncertainties and risks. Actual events may vary materially from the forward-looking statements and the assumptions on which the forward-looking statements are based. Recipients of this document are cautioned to not place undue reliance on such forward-looking statements.
Competent Person Statement
■ The information in this report that relates to Exploration Results or Mineral Resources is based on information compiled or reviewed by Mr Peter Langworthy who is a full-time employee of Gateway Mining Ltd and is a current Member of the Australian Institute of Mining and Metallurgy. Mr Peter Langworthy has sufficient experience, which is relevant to the style of mineralisation and types of deposit under consideration and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Langworthy consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.
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CAPITAL STRUCTURE
| ASX Ticker GML Shares on Issue 918,095,994 Options attached to Entitlements Issue (3c) 63,684,593 Executive Performance Options 20,000,000 Cash @ October 2018 $1.6m Share Price $0.013 Market Capitalisation $12m Major Shareholders OMNI GeoX 14.52% Harmanis Holdings 9.04% L11 Capital 6.63% Crest Investment Group 3.63% Directors 4.31% Other 61.87% |
ASX Ticker GML Shares on Issue 918,095,994 Options attached to Entitlements Issue (3c) 63,684,593 Executive Performance Options 20,000,000 Cash @ October 2018 $1.6m Share Price $0.013 Market Capitalisation $12m Major Shareholders OMNI GeoX 14.52% Harmanis Holdings 9.04% L11 Capital 6.63% Crest Investment Group 3.63% Directors 4.31% Other 61.87% |
GML |
|---|---|---|
| 918,095,994 | ||
| 63,684,593 | ||
| 20,000,000 | ||
| $1.6m | ||
| $0.013 | ||
| $12m | ||
| OMNI GeoX | 14.52% | |
| Harmanis Holdings | 9.04% | |
| L11 Capital | 6.63% | |
| Crest Investment Group | 3.63% | |
| Directors | 4.31% | |
| Other | 61.87% |
BOARD OF DIRECTORS
| Trent Franklin – Non- Exec Chairman |
Corporate Advisor holding qualifications in Finance, Financial Planning and Insurance Broking. Trent also holds a BSc Degree (Geology/Geophysics) from the University of Sydney. |
|---|---|
| Peter Langworthy – Managing Director |
Experienced explorer and project developer: Jubilee Mines NL, WMC Resources Limited, Capricorn Metals Ltd and PacMin Mining Ltd. Peter led the exploration team that was responsible for numerous discoveries that supported the outstanding success of Jubilee Mines. |
| Debbie Fullarton – Non Exec Director |
Chartered Accountant with 25 years experience in senior roles including Executive Director, Chief Financial Officer and Financial Manager. Currently Chief Financial Officer for Westgold Ltd. |
| Scott Brown - Non Exec Director |
A Company Director with 25 years experience in Project Management, Business Development and Logistics across the commercial construction, security-risk management and resource sectors both in Australia and internationally. |
| Kar Chua – Company Secretary |
Chartered Accountant with extensive experience in company secretarial & finance roles. |
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■ Large-scale gold system in a well-endowed gold region
- Gum Creek Greenstone Belt (~2Moz)
■ Virtually untested by modern exploration
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Little deep testing beneath shallow oxide gold deposits
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150koz mined 1980’s
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Strong indications of high-grade mineralisation at depth
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Targeting high-grade gold in major shear systems on the margin of the granitoid intrusion
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Granny Smith (+2Moz: Gold Fields)
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Tarmoola-King of the Hills (2.3Moz: RED 5)
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Consolidated ground-holding of 700km[2]
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Core of granted Mining Leases
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■ Well-developed infrastructure throughout the region
■ Building a strong resource base to consolidate recent drilling success
■ Advance greater opportunities across entire project
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Resource Evaluation Target Generation
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Large component of drilling (RC, diamond and aircore)
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Systematically build a gold resource base capable of sustaining a mid-tier scale gold business
■ Look at sensible consolidation and expansion opportunities
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■ Major structural corridors
■ Widespread shallow oxide mineralisation
■ Historical open pit mining (150Koz) ■ Drilling database
■ Strong indications of highgrade mineralisation at depth
■ Limited drilling at depth ■ Target contact on margin of Montague Granodiorite poorly tested
■ Extensive transported cover
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■ Recent RC & diamond drilling
■ Whistler
■ Montague
■ Caledonian
■ Confirmed high-grade mineralisation beneath pits ■ Systematic aircore drilling highlights pipeline of future targets
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Montague Resource Evaluation
Whistler Resource Evaluation
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See ASX announcements dated 10[th] July 2018 for results detail
■ Thick, coherent zone of gold mineralization beneath historical pit
■ Evaluate:
■ Initial open pit resource
- HG resource extensions at depth
■ “Bonanza” gold grades in footwall structures (2.8m @ 79.2g/t Au)
■ Remains open in all directions
■ Recent drill results include :
- 27.7m @ 4.0g/t Au
(incl. 15(6.5))
- 2.8m @ 79.2/t Au
(incl. (0.5(440.1))
- 29m @ 3.7g/t Au
(incl.12(7.7) )
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37m @ 3.1g/t Au
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(Incl. 10 (7.7))
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69m @ 1.43g/t Au
(Incl. 15(2.1) & 25(2.0)) (bottom of hole)
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6m @ 5.0g/t Au
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22m @ 1.90g/t Au
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13m @ 2.60/t Au
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See ASX announcements dated 10[th] July 2018 for results detail
■ Thick, coherent zone of gold mineralization beneath historical pit
■ Evaluate:
■ Initial open pit resource
■ HG resource extensions at depth ■ “Bonanza” gold grades in footwall structures (2.8m @ 79.2g/t Au)
■ Remains open in all directions
■ Recent drill results include :
- 27.7m @ 4.0g/t Au
(incl. 15(6.5)) (incl. (0.5(440.1))
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2.8m @ 79.2/t Au
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29m @ 3.7g/t Au
(incl.12(7.7) )
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37m @ 3.1g/t Au
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(Incl. 10 (7.7)) (Incl. 15(2.1) & 25(2.0)) (bottom of hole)
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69m @ 1.43g/t Au
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6m @ 5.0g/t Au
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22m @ 1.90g/t Au
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13m @ 2.60/t Au
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See ASX announcements dated 10[th] July 2018 for results detail
■ Recent RC & diamond drilling
- Whistler
Montague Resource Evaluation
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Montague
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Caledonian
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Confirmed high-grade mineralisation beneath pits
■ Systematic aircore testing for continuity of mineralisation on prospective contact
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In-progress
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Results awaited
See ASX announcements dated 10[th] July 2018 for results detail
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Confirmation of significant gold mineralised system
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Open down-dip and along strike to the north and south
■ High-grade domains
■ Multiple targets
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“New Discovery” at depth
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Gordon’s Lode (4m @ 24.2g/t Au)
■ Drilling results include:
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4.0m @ 24.2g/t Au – “Gordon’s Lode”
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■ 15m @ 2.1g/t Au (incl. 7m @ 4.0g/t Au) ■ 5.0m @ 3.1g/t Au ■ 5.0m @ 3.5g/t Au ■ 8.2m @ 1.4g/t Au
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See ASX announcements dated 10[th] July 2018 for results detail
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Confirmation of significant gold mineralised system
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Open down-dip and along strike to the north and south
■ High-grade domains
■ Multiple targets
■ “New Discovery” at depth
- Gordon’s Lode (4m @ 24.2g/t Au)
■ Drilling results include:
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4.0m @ 24.2g/t Au – “Gordon’s Lode”
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■ 15m @ 2.1g/t Au (incl. 7m @ 4.0g/t Au) ■ 5.0m @ 3.1g/t Au ■ 5.0m @ 3.5g/t Au ■ 8.2m @ 1.4g/t Au
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See ASX announcements dated 10[th] July 2018 for results detail
■ Large, connected system
■ Pipeline of exploration targets
■ Caledonian
■ Our Jack
■ Rosie-Airport
■ Eastern Contact
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~1.6km long target trend Large-scale stock work zone
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■ Follow-up RC drilling
Strong high-grade component
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See ASX announcements dated 10[th] July 2018 for results detail
■ Advanced target from recent aircore drilling
program
■ 23m @ 2.03g/t Au
- 7m @ 1.34g/t Au
■ 16m @ 1.72g/t Au
■ Open in all directions
■ Follow-up RC drilling
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See ASX announcements dated 10[th] July 2018 for results detail
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Large, connected system
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Remnant oxide mineralisation
in base of Caledonian and NE Pits
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NE Pit mineralisation open at depth and untested
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■ High-grade C2 Target confirmed:
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2m @ 5.82g/t
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2m @ 24.6g/t
■ 3m @ 17.7g/t
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16m @ 1.61g/t
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10m @ 1.62g/t
■ Multiple mineralised shear zones to follow-up
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C2 TARGET
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Exploration Opportunities – Eastern Margin
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■ Maiden drilling programs complete with significant success:
■ Whistler
■ Montague
■ Follow-up drilling programs to be implemented
■ Caledonian part of a bigger, emerging gold system that requires additional drilling
- 1[st] Stage regional aircore assessment complete
■ Generation of multiple high-quality targets
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Disciplined evaluation of historical data highlighting new opportunities
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Evaluation of eastern contact
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A new growth opportunity in the WA gold sector following consolidation of the Gidgee gold tenure
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Delivery of quality results in first pass exploration programs
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A Tier-1 address for gold exploration, development and mining
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Proven gold endowment as evidenced by historical mining and recent drilling
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Virtually no modern, systematic exploration – and no drilling at depth
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Prospective geology for large-scale gold system with multi-million ounce potential
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Initial metallurgical tests show the ore is free-milling
Gateway is aiming to systematically build a gold resource base at Gidgee capable of sustaining a mid-tier scale gold business
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Bryah Basin Project
■ Large, consolidated tenement holding in premier VMS copper-gold province
- Prospective for DeGrussa and Horseshoe Lights style Cu-Au deposits and Fortnum-style gold deposits
Sylvania Project
■ Exposure to “conglomerate-hosted gold” in the Pilbara
Edjudina Project
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Sylvania Project
Bryah Basin Project
Edjudina Project
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■ Exposure to the Laverton Tectonic Zone
- 30km strike of greenstone sequence immediately along strike from a major gold deposit
Gateway is expanding an extensive, quality asset base in WA’s premier mineral belts, underpinned by an advanced high quality gold project at Gidgee
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ASX: GML
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Creating value from advanced gold exploration
in WA
AGM Presentation Peter Langworthy – November 2018