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GATEWAY MINING LIMITED Investor Presentation 2020

May 12, 2020

64999_rns_2020-05-12_45fedfdd-6e19-441e-8e5d-32d28dcf088b.pdf

Investor Presentation

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ABN: 31 008 402 391 Level 11, 52 Phillips Street Sydney NSW 2000 GPO Box 225 Sydney NSW 2001 Tel: 61 2 8316 3998 Fax: 61 2 8316 3999 Website: www.gatewaymining.com.au

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ASX Announcement: 13 May 2020

GATEWAY MINING TO PARTICIPATE IN RESOURCES RISING STARS VIRTUAL INVESTOR PRESENTATION

Gateway Mining Limited ( Company ) is pleased to advise that its Managing Director, Peter Langworthy, will be presenting to investors as part of the Resources Rising Stars Virtual Investor Lunch Series today on Wednesday, 13 May 2020 .

The event, which features four ASX-listed resource stocks, will commence at:

12.30pm (AEST) / 10.30am (AWST) Today, Wednesday, 13 May 2020.

Shareholders and investors can participate in this event by registering online via the link below:

https://www.bigmarker.com/read-corporate/Resources-Rising-Stars-Virtual-Investor-Forum4-2020-05-13-10-30-am

Authorised by: Peter Langworthy Managing Director

For and on behalf of GATEWAY MINING LIMITED

Investors Media Peter Langworthy Nicholas Read Managing Director Read Corporate T: 02 8316 3998 T: 08 9388 1474 or Kar Chua Company Secretary T: 02 8316 3998

  • 700km[2] greenstone-scale WA gold

  • Initial 240koz Resource with strong

  • Systematic, multi-pronged

Forward Looking Statements

  • 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.

  • 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.

  • 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.

  • 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.

  • 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 presentation that relates to Exploration Results and Mineral Resources has been extracted from various GML ASX announcements and are available to view on the GML website at www.gatewaymining.com.au or through the ASX website at www.asx.com.au (using ticker code “GML”)

  • GML confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

Exploration Targets Cautionary Statement

  • This presentation may comment on and discuss Gateway Mining Limited’s exploration in terms of target size and type. The information relating to Exploration Targets should not be misunderstood or misconstrued as an estimate of Mineral Resources or Ore Reserves. The potential quantity and quality of material discussed as Exploration Targets is conceptual in nature since there has been insufficient work completed to define them as Mineral Resources or Ore Reserves. It is uncertain if further exploration work will result in the determination of a Mineral Resource or Ore Reserve.

  • Any Exploration Targets referred to in this presentation are not Mineral Resources. The Potential quantity and grade of the Exploration targets are conceptual in nature and there has been insufficient exploration to determine a Mineral Resource. There is no certainty that additional exploration work will result in the estimation and reporting of Mineral Resources.

  • Key asset: 700km[2] Gidgee Gold Project , 800km NE of Perth

  • Emerging large-scale gold system with minimal modern exploration

  • Successful consolidation of large ground package and key structures in a “forgotten” Greenstone Belt

  • Multiple mineralisation styles and exploration targets defined – recent RC results confirm the potential

  • Initial 240,000oz Inferred Resource at 2.2g/t across two deposits

  • Systematic exploration approach to unlock project value, with funding in place

  • Experienced and successful management team

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CAPITAL STRUCTURE

ASX Ticker GML
Shares on Issue 1,339,616,036
Executive Performance Options 30,000,000
Cash @ 31 March 2020 $1.5m
Share Price $0.011
Market Capitalisation $14.74m

MAJOR SHAREHOLDERS

Harmanis Holdings 10.69%
OMNI GeoX 10.58%
L11 Capital 4.54%
Crest Investment Group 2.89%
Top 10 37.22%
Directors(Directly & Indirectly) 19.49%

12-MONTH SHARE PRICE

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BOARD OF DIRECTORS

Trent Franklin Non-Executive Chairman
Peter Langworthy Managing Director
Mark Cossom Executive Technical Director
Debbie Fullarton Non-Executive Director
Scott Brown Non-Executive Director
Kar Chua Company Secretary

Highly Successful and Experienced Leadership Team

Trent Franklin

Non-Exec Chairman

Peter Langworthy Managing Director

Mark Cossom Exec. Technical Director

Debbie Fullarton Non Exec Director

Scott Brown

Non Exec Director

Kar Chua

Company Secretary

  • Experienced Corporate Advisor holding qualifications in Geology/Geophysics, Finance, Financial Planning and Insurance Broking

  • 34-year experienced explorer and project developer

  • Led the highly successful exploration team at nickel producer Jubilee Mines

  • 12 years of exploration and operational experience at WMC

  • Former Technical Director at Talisman Mining Ltd

  • Founding Director at Capricorn Metals Ltd

  • Founding Director at Northern Star Resources Ltd

  • 23 year experienced geologist with a background in gold exploration, mine geology and corporate management

  • Led the exploration and mine geology teams at Doray Minerals

  • Principal Geologist (SE Asia) at Harmony Gold Ltd

  • Chartered Accountant with 25 years experience in various senior corporate and financial roles

  • • Currently Chief Financial Officer for Westgold Ltd

  • Company Director with 25 years a broad experience in both public and private sector

  • Chartered Accountant with extensive experience in company secretarial & finance roles

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5

  • Located in the heart of WA's prolific Murchison and Northern Goldfields

  • Tier-1 jurisdiction for gold exploration

  • Extensive, greenstone-scale Archaean gold system

  • Close proximity to several multi-million ounce gold camps

  • Shallow oxide resources mined in the late 1980s

  • Very limited exploration history since

  • Consolidated land package and systematic exploration the catalyst to unlock potential

  • Regional consolidation

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  • Why is this opportunity still there and why is the project so under-explored?

  • Five pits mined between 1988 and 1992

  • ~150koz produced – gold price ~$500/oz

  • Herald Resources moved its plant and focus to

    • Sandstone
  • Project gradually acquired by Gateway

  • Gateway was previously focused on East Coast projects/commodities

  • Project consolidated for first time in 2018 and refocused

  • The result is a significantly mineralised project which has been on the sidelines for 25 years

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Herald Resources
Mining Operations
2018 – Gateway
Reset
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  • Systematic, disciplined approach to building a sustainable gold company

  • Significantly grow the current 240,000oz Mineral Resource base by:

  • Strong pipeline of targets from Resource Extensions – Advanced Targets – New Targets

  • Systematically drilling and interrogating quality data

  • Identifying value opportunities for regional add-ons

  • Utilise good science – invest in quality long term data sets

  • Drill when ready to ensure good capital management

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New Targets Advanced Targets Resource Extensions
• Crosswind • Achilles
• Victory Bore • Caledonian Corridor •
Data • Gidgee South Data • Armada Data • MontagueWhistler
• Kashmir • Whistler South

Achilles
• Granodiorite Margin • Caledonian NE Pit
• New Nth Tenements • Flametree
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  • Prime geological target, with clear analogues

  • Existing deposits discovered in windows where bedrock outcrops

  • Several styles of mineralisation present

  • Lack of previous exploration presents a unique opportunity

  • Expand existing deposits for Mineral Resource additions

  • Apply systematic exploration tools to target the larger prize

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Whistler
Montague
Achilles
Howards
● Gateway (GML)
● No effective exploration in last 28 years
● Massive gold signature
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Goanna
GS
Windich
Tarmoola
Open Pit
● Red5 (ASX: RED) ● Current owner Goldfields Ltd
● Exploration driven uplift over 18 months ● First discovery in a +20Moz goldfield
● Market Cap $70m to $400m ● 10 years of exploration till discovery
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  • Consolidation of a major mineralised system- 2Moz endowment

  • ~60km strike of a major mineralised “Litho-Structural” corridor

  • Excellent grade profile across multiple deposit styles

  • Limited shallow drilling by previous explorers

  • Extensive shallow, transported cover

  • Amenable to low-cost surface exploration

  • Transfer of understanding from the Montague Granodiorite Dome

  • Base metal opportunity (Cu-Zn-Au): lower priority but potential recognised

  • Investment in high-quality core datasets:

  • Airborne magnetic data

  • Detailed gravity

  • Systematic surface geochemistry

  • Application of advanced Lithogeochemical Analysis

  • Systematic XRF analysis of historical drilling to collect multi-element data (n =13,000)

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  • Recent completion of a detailed Structural Study

  • ~9km long major shear zone interacting along the western margin of the Montague Granodiorite Dome

  • Strong evidence of gold mineralisation along entire trend in multiple orientations

  • Highly prospective Eastern Margin not explored

  • Creates a large-scale structural setting to focus mineralisation: CAMP SCALE

  • Gold is associated with:

  • Stockwork Zones on and within the margin of the granodiorite (Whistler Deposit)

  • Multiple high-grade shear zones within the mafic volcanic rocks (Montague Deposit)

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  • ~9km long major shear zone interacting along the western margin of the Montague Granodiorite Dome

  • Strong evidence of gold mineralisation along entire trend in multiple orientations

  • Highly prospective Eastern Margin not explored

  • Creates a large-scale structural setting to focus mineralisation: CAMP SCALE

  • Gold is associated with:

  • Stockwork Zones on and within the margin of the granodiorite (Whistler Deposit)

  • Multiple high-grade shear zones within the mafic volcanic rocks (Montague Deposit)

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  • ~9km long major shear zone interacting along the western margin of the Montague Granodiorite Dome

  • Strong evidence of gold mineralisation along entire trend in multiple orientations

  • Highly prospective Eastern Margin not explored

  • Creates a large-scale structural setting to focus mineralisation: CAMP SCALE

  • Gold is associated with:

  • Stockwork Zones on and within the margin of the granodiorite (Whistler Deposit)

  • Multiple high-grade shear zones within the mafic volcanic rocks (Montague Deposit)

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  • ~9km long major shear zone interacting along the western margin of the Montague Granodiorite Dome

  • Strong evidence of gold mineralisation along entire trend in multiple orientations

  • Highly prospective Eastern Margin not explored

  • Creates a large-scale structural setting to focus mineralisation: CAMP SCALE

  • Gold is associated with:

  • Stockwork Zones on and within the margin of the granodiorite (Whistler Deposit)

  • Multiple high-grade shear zones within the mafic volcanic rocks (Montague Deposit)

  • Majority of previous drilling ineffective:

  • Only 10% of drilling >50m depth: this is largely focused on the resource areas

  • Very strong regolith depletion around 20-30m below surface

  • ~80% of previous drilling stopped at this depth.

  • Need to drill deeper

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  • Inferred Resource 1.70Mt @ 2.23g/t for 120,000oz Au

  • Mineralisation hosted in granodiorite stockwork on contact with mafic volcanic rocks

  • The Whistler trend now identified over at least a 900m along strike

  • Open at depth and along strike

  • Targeting resource growth and new discovery

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  • Inferred Resource 1.70Mt @ 2.23g/t for 120,000oz Au

  • Mineralisation hosted in granodiorite stockwork on contact with mafic volcanic rocks

  • The Whistler trend is now identified over:

  • At least a 900m along strike

  • Remains totally open at depth

  • Targeting resource growth and new discovery

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  • RC drilling focused on extending the footprint of the known system south and north of current resource

  • 13 metres @ 1.6g/t Au from 58 metres

  • 6 metres @ 1.9g/t Au from 28 metres (BoH)

  • 6 metres @ 1.7g/t Au from 12 metres (BoH)

  • 2 metres @ 3.6g/t Au from 62 metres

  • 10 metres @ 1.0g/t Au from 43 metres

  • 6 metres @ 5.5g/t Au from 10 metres

  • 16 metres @ 1.2g/t Au from 0 metres

  • 8 metres @ 1.2g/t Au from 2 metres

  • Recognition of North East structural control – major opportunity

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5(2.1)
4(14.6)
12(2.1)
10(1.0) 5(2.8)
2(3.6)
13(1.6)
6(1.9) EOH
6(1.7) EOH
6(5.5)
16(1.2)
8(1.2)
----- End of picture text -----

● New targets

  • Armada Prospect – shallow supergene gold mineralisation associate with a major structural corridor

  • Gravity data indicates granodiorite plunging to north

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5(2.1)
4(14.6)
12(2.1)
10(1.0) 5(2.8)
2(3.6)
13(1.6)
6(1.9) EOH
6(1.7) EOH
5(6.3)
13(1.2)
10(1.2)
----- End of picture text -----

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Whistler Resource Area – Nearly 1km of Strike and Open
OPEN PIT RESOURCE EXPANSION
HIGH-GRADE UNDERGROUND EXPLORATION
19
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  • Inferred Resource 1.725Mt @ 2.18g/t for 120,000oz Au

  • Mineralisation in granodiorite stockwork and mafic shear zone

  • October 2019 RC drilling successfully targeted extensions to the higher grade, mafic hosted lode:

  • 10 metres @ 13.0g/t Au from 65 metres

  • 6 metres @ 2.7g/t Au from 94 metres

  • 5 metres @ 3.1g/t Au from 114 metres

  • 2 metres @ 3.1g/t Au from 123 metres

  • Major resource expansion opportunity

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  • Inferred Resource 1.725Mt @ 2.18g/t for 120,000oz Au

  • Mineralisation in granodiorite stockwork and mafic shear zone

  • October 2019 RC drilling successfully targeted extensions to the higher grade, mafic hosted lode:

  • 10 metres @ 13.0g/t Au from 65 metres

  • 6 metres @ 2.7g/t Au from 94 metres

  • 5 metres @ 3.1g/t Au from 114 metres

  • 2 metres @ 3.1g/t Au from 123 metres

  • Major resource expansion opportunity

  • Resource remains open down-dip and along strike

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  • Inferred Resource 1.725Mt @ 2.18g/t for 120,000oz Au

  • Mineralisation in granodiorite stockwork and mafic shear zone

  • October 2019 RC drilling successfully targeted extensions to the higher grade, mafic hosted lode:

  • 10 metres @ 13.0g/t Au from 65 metres

  • 6 metres @ 2.7g/t Au from 94 metres

  • 5 metres @ 3.1g/t Au from 114 metres

  • 2 metres @ 3.1g/t Au from 123 metres

  • Major resource expansion opportunity

  • Resource remains open down-dip and along strike

  • Prospective untested contact zone over at least 1.5 kilometres of strike north and south of current resource

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  • Inferred Resource 1.725Mt @ 2.18g/t for 120,000oz Au

  • Mineralisation in granodiorite stockwork and mafic shear zone

  • October 2019 RC drilling successfully targeted extensions to the higher grade, mafic hosted lode:

  • 10 metres @ 13.0g/t Au from 65 metres

  • 6 metres @ 2.7g/t Au from 94 metres

  • 5 metres @ 3.1g/t Au from 114 metres

  • 2 metres @ 3.1g/t Au from 123 metres

  • Major resource expansion opportunity

  • Resource remains open down-dip and along strike

  • Prospective untested contact zone over at least 1.5 kilometres of strike north and south of current resource

  • Recognition of North East structural control – major opportunity

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----- Start of picture text -----

23(2.03)
7(1.34)
16(1.72)
7(5.9)
5(9.8)
7(1.2)
9(2.5)
6(5.0)
7(1.2)
11(2)
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  • Achilles combines the old Rosie Castle Pit, NE Pit and S-bend Prospect into one coherent target area

  • A complex series of related mineralised structures

  • Previous drilling over extensions ineffective – shallow, wrong orientation

  • Recent shallow RC drilling proves the concept and opens up Achilles for delineation of a potential new resource:

  • 21 metres @ 2.1g/t Au from 32 metres

  • 13 metres @ 3.4g/t Au from 5 metres

  • 11 metres @ 3.0g/t Au from 32 metres

  • 6 metres @ 3.8g/t Au from 17 metres

  • 10 metres @ 3.8g/t Au from 31 metres

  • Open 600m further along strike to the north – priority drilling target

  • Drilling to be completed along strike, and over S-bend, Airport zone

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  • Achilles combines the old Rosie Castle Pit, NE Pit and S-bend Prospect into one coherent target area

  • A complex series of related mineralised structures

  • Previous drilling over extensions ineffective – shallow, wrong orientation

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  • Achilles combines the old Rosie Castle Pit, NE Pit and S-bend Prospect into one coherent target area

  • A complex series of related mineralised structures

  • Previous drilling over extensions ineffective – shallow, wrong orientation

  • Recent shallow RC drilling proves the concept and opens up Achilles for delineation of a potential new resource:

  • 21 metres @ 2.1g/t Au from 32 metres

  • 13 metres @ 3.4g/t Au from 5 metres

  • 11 metres @ 3.0g/t Au from 32 metres

  • 6 metres @ 3.8g/t Au from 17 metres

  • 10 metres @ 3.8g/t Au from 31 metres

  • Large-scale stock work zone to immediate east is also being assessed

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  • Achilles combines the old Rosie Castle Pit, NE Pit and S-bend Prospect

  • into one coherent target area

  • A complex series of related mineralised structures

  • Previous drilling over extensions ineffective – shallow, wrong orientation

  • Recent shallow RC drilling proves the concept and opens up Achilles for delineation of a potential new resource:

    • 21 metres @ 2.1g/t Au from 32 metres

    • 13 metres @ 3.4g/t Au from 5 metres

    • 11 metres @ 3.0g/t Au from 32 metres

    • 6 metres @ 3.8g/t Au from 17 metres

    • 10 metres @ 3.8g/t Au from 31 metres

  • Open ~600m along strike to the north – priority drilling target

  • High grade S-bend Target historical results to be followed up include:

    • 10 metres @ 7.8g/t Au from 30 metres

    • 8 metres @ 3.5g/t Au from 59 metres

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----- Start of picture text -----

10(7.8)
8(3.5)
----- End of picture text -----

  • Achilles combines the old Rosie Castle Pit, NE Pit and S-bend Prospect into one coherent target area

  • A complex series of related mineralised structures

  • Previous drilling over extensions ineffective – shallow, wrong orientation

  • Recent shallow RC drilling proves the concept and opens up Achilles for delineation of a potential new resource:

  • 21 metres @ 2.1g/t Au from 32 metres

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----- Start of picture text -----

3(15.7)
2(24.6)
8(1.6)
----- End of picture text -----

  • 13 metres @ 3.4g/t Au from 5 metres

  • 11 metres @ 3.0g/t Au from 32 metres

  • 6 metres @ 3.8g/t Au from 17 metres

  • 10 metres @ 3.8g/t Au from 31 metres

● Caledonian Trend

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----- Start of picture text -----

10(1.03)
4.5(1.6)
3(1.2)
----- End of picture text -----

  • High-grade structures intersected in shallow drilling along strike from open pit

  • Open pit depth extensions largely untested

  • Major discovery opportunity

  • ~4km strike of same geology and structure that hosts resources to the north

  • Application of concepts taken from work at Montague and Whistler

  • Recognition of North East structural control critical to targeting

  • Majority of drilling very shallow

  • Application of low-cost geochemical sampling has proven to be highly effective

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  • Major discovery opportunity

  • ~4km strike of same geology and structure that hosts resources to the north

  • Application of concepts taken from work at Montague and Whistler

  • Recognition of North East structural control critical to targeting

  • Majority of drilling very shallow

  • Application of low-cost geochemical sampling has proven to be highly effective

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● Evaluation of priority high-grade prospects:

  • Intersection of NE structural corridors

  • Example: Airport-Airport South

  • Now considered one target zone - ~500m strike length

  • 23 metres @ 13g/t Au

  • 8 metres @ 1.9g/t Au

  • 8 metres @ 2.2g/t Au

  • Multiple other targets:

  • Contact zone between the granodiorite and mafic volcanic rocks

  • Potential for extensive near surface supergene mineralisation

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----- Start of picture text -----

13(1.5)
12(1.3)
23(13)
8(1.9)
7(1.9)
8(2.2))
7(2.0)
7(1.2)
7(1.2)
----- End of picture text -----

  • Recent geochemical sampling defines major prospective corridors

  • Crosswind Anomaly

    • Open to the north: coherent anomaly 3.8km long

    • Major structural corridor – gold bearing fluid pathway

    • Persists across major stratigraphic domains

    • Drilling in area is highly anomalous

    • Requires targeted RC drill testing and systematic AC drilling

  • Geochemical sampling being extended broadly across the Gidgee Project

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Limit of soil sampling 13(1.5)
12(1.3)
23(13)
8(1.9)
7(1.9)
8(2.2))
----- End of picture text -----

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----- Start of picture text -----

7(2.0)
7(1.2)
7(1.2)
----- End of picture text -----

  • Demonstrates the effectiveness of the low-cost technique within the project area

  • Located on the largely untested eastern granodiorite margin

  • Sits in the “mirror-image” position of the Montague deposits

  • Prospectivity demonstrated by the 200koz Howards Gold Deposit (HRN)

  • Major structural corridor

  • Potential for untested intrusive targets

  • Requires first-pass aircore drilling

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  • Located on the largely untested eastern granodiorite margin

  • Sits in the “mirror-image” position of the Montague deposits

  • Immediately along strike of the Howards Deposit (200k oz Au – HRN)

  • 1.8km coincident gold-silver soil anomaly

  • Never been drilled

  • Requires first-pass aircore drilling

  • Further exploration along eastern margin – highly prospective geological position

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1.8km
1.8km
Update with new geology
----- End of picture text -----

  • ~7km trend with extensive oxide gold caps overlying significant base metal mineralisation (Cu-Zn-Au)

  • Near-surface oxide gold considered a key target for the project

  • Flametree Prospect most advanced

  • Systematic aircore drilling program required

  • Oxide gold drilling results include:

  • 5m @ 10.4g/t Au from 52m

  • 7m @ 5.0g.t Au from 29m

  • 5m @ 7.0g/t Au from 31m

  • 6m @ 6.3g/t Au from 40m

  • 13m @ 1.8g/t Au from 67m

  • Copper drilling results include:

  • 33m @ 1.35% Cu from 87m

  • 27m @ 1.42% Cu from 89m

  • 26m @ 1.17% Cu from 73m

  • Series of untested EM anomalies located through the trend

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  • Significant expanded landholding over a broad area of the Gidgee Greenstone Belt built at low-cost

  • Very limited first-pass exploration conducted

  • Numerous gold targets present in obvious structural positions

  • Deposit types:

  • Granodiorite Domes (Tempest, MD2)

  • Intrusion Related (Victory Creek)

  • Shear zone hosted (Wilson South, Ray Charles)

  • Volcanic Hosted Massive Sulphides (Ed’s Bore, Snake)

  • Several excellent candidates for quick, low cost exploration techniques

  • Forms part of the current structural-geophysical-geochemical compilation and targeting exercise

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  • Gidgee Project central to regionally strategic area with fragmented ownership (2Moz combined resources)

  • Region has remained dormant since early 2000’s

  • Still endowed with significant gold deposits

  • Recent discoveries – e.g. Spectrum

  • Centrally located to several active mining operations

  • Mt Magnet (RMS)

  • Cue (WGX)

  • Meekatharra (WGX)

  • Wiluna (BLK)

  • Agnew/Lawlers (GFI)

● Active corporate dynamic

  • Alto v Middle Island

  • Alto v Goldsea

  • Alto v Adaman

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  • Spectrum v Ramelius

  • Horizon v Zeta

● Ensures focus remains 100% of Flagship Gidgee Project

● Exposure to other commodities in other regions

● Alloy Resources Limited (ALY)

  • Recent sale of the Bryah Basin Project for $375,000 cash, $400,000 shares and a 1.5% NSR

  • Exposure to high-quality exploration portfolio through ALY shareholding

  • Bryah Basin (Cu-Au)

  • West Musgrave (Ni-Cu-Co-PGE’s)

  • Jundee (Au)

  • Paterson (Cu-Au)

● DiscovEx Limited (DCX)

  • Highly regarded exploration team

  • Recent sale of the Edjudina Project (Au, Ni, Li) for $50,000 cash, 26.3m DCX shares and a retained 20% free-carried interest

  • Option to acquire the Southern Cross Project: Option fee $20,000 / exercise for $300,000 cash or DCX shares & retain a 1.5% gross revenue royalty.

● Auris Minerals Limited (AUR)

  • 15% free carried interest in the certain Bryah Basin tenements.

● Ongoing divestment process of remaining non-core projects

● Field programs recommencing

  • Regional soil sampling programs – May/June

  • RC drilling planned for – June/July

  • Achilles

  • Montague

  • Whistler South

  • Kashmir

  • Others

  • Aircore drilling planned for – August / July

  • Southern Corridor

  • Oxide Gold Caps

  • Ongoing investment in quality regional datasets to extend coverage

  • Gravity

  • Magnetics

  • Geochemistry

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  • Geologically exciting with clear WA analogues

● Existing deposits previously mined at <$500/oz gold price

PROSPECTIVE

● Recently defined Mineral Resources

● Significant results in advanced prospects away from Resource areas

  • Strong technical team with proven exploration and mine development background

  • RESOURCED Cashed up with strong backing

● Strong share register with top-20 holders owning >50%

  • Divestment of non-core assets over past 18 months

  • Significant expansion of Gidgee Project via low-cost pegging and acquisition strategy

  • ● Commenced first systematic exploration effort over the project

FOCUSED

● Development of prospect pipeline to expand Resources as well as make new discoveries

ASX Code : GML

Moving to the next level at Gidgee Delivering resource growth and exploration success in the heart of WA’s goldfields

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