BRILLIANT BRUMBY
Corporate Presentation
AUGUST 2018 STRICTLY PRIVATE & CONFIDENTIAL
BRILLIANT BRUMBY PROJECT Corporate Presentation AUGUST 2018 - - PowerPoint PPT Presentation
BRILLIANT BRUMBY PROJECT Corporate Presentation AUGUST 2018 STRICTLY PRIVATE & CONFIDENTIAL DISCLAIMER The information contained in this presentation does not comprise an admission document, listing particulars or a prospectus relating to
Corporate Presentation
AUGUST 2018 STRICTLY PRIVATE & CONFIDENTIAL
The information contained in this presentation does not comprise an admission document, listing particulars or a prospectus relating to Intergroup Mining Limited, does not constitute an offer or invitation to purchase or subscribe for any securities of Intergroup Mining Limited, does not constitute or form part of a prospectus of admission document and should not be relied on in connection with, or act as any inducement in respect of, a decision to purchase or subscribe for any such securities. The information contained in this presentation and any accompanying verbal presentation is: (i) confidential and is for informational purposes only and any may not be reproduced, distributed or otherwise disclosed to any other person or published, in whole or in part, for any purpose; (ii) does not constitute a recommendation regarding any decision to sell or purchase securities in Intergroup Mining Limited; and (iii) not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Unless otherwise specified, data and tables set out in this presentation are based on Intergroup Mining Limited management estimates. No reliance may be placed for any purpose whatsoever on the information or opinions contained in this presentation and any accompanying verbal presentation or the completeness, accuracy, or fairness of such information and/or opinions therein. No representation
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DISCLAIMER
PROLIFIC MINING REGION 3 GENERATIONS OF MINING EXPERIENCE EXCELLENT EXPLORATION & DRILLING RESULTS MINING WORKS STARTED - DEC 2017. HIGH GRADE VEINS - VISIBLE GOLD – BULK TARGETS
PRE - IPO
1 2 3 4 5 6 7
GOLD PRODUCTION SCHEDULED FOR Q4 2018 TARGETED ONGOING DRILL PROGRAM TO EXPAND RESOURCES
KEY HIGHLIGHTS
MULTIPLE MILLION OUNCE (MOz) GOLD DISCOVERIES NEARBY
The Doyle Family The Doyle family has three generations
in the discovery of several large resource properties, including the initial discovery and exploration of the Century mine, one of Australia’s primary silver/lead deposits.
3 GENERATIONS OF MINING EXPLORATION EXPERIENCE WITHIN THE REGION PROLIFIC MINING REGION
WALTER DOYLE – MANAGING DIRECTOR & CEO
Walter has over 30 years of experience of mining and resource properties in Australia. The Doyle family has three generations of mining history. Walter is a venture capitalist who is also a specialist in public equity markets worldwide. Most recently, he was behind the resurrection of Sirius Minerals (AIM:SXX) which was transformed from a destitute shell company into a potash business where the share price went from 2p to 32p, capitalising that company at >£1 Billion.. He is currently Managing Director of London listed NQ Minerals (ISDX:NQMI).
BRIAN STOCKBRIDGE – DIRECTOR
Brian Stockbridge is an investment banker, based in London. He has held senior positions with several well-respected City firms, including Grant Thornton, Noble & Company (now part of Espirito Santo Investment Bank), and Allenby Capital. In 2012, Brian opened the London office of the independent investment banking
Brian is experienced in raising funds for companies and is a former Qualified Executive for the purposes of AIM. In 2014, Brian set up International Financial Strategic Associates (IFSA), a boutique financial advisory and investment company. He is currently Non-Executive Chairman of London listed NQ Minerals (ISDX:NQMI)
STEPHEN WHITE – DIRECTOR
Stephen White is an investment banker specialising in start-up and growth phase enterprise. Over the last three decades, Stephen has been involved in a diverse cross section of industries, including property development, energy projects, finance, investment banking, export, environmental technologies and has wide experience in mining exploration, including gold and base metals, uranium, potash, phosphate, coal, and oil & gas. During this period Stephen has been on the Board of Directors of
in mergers and acquisitions in major public equity markets worldwide. He is currently a Director of Hellyer Gold Mine in Tasmania.
KEVIN DOYLE – DIRECTOR
Kevin Doyle have a lifetime of experience in mining and resource properties within the region, particularly gold, silver, lead, iron ore, uranium, thorium, tin and potash. He is based in Townsville and has a very strong hands-on approach, working closely with a highly experienced team of geologists. Kevin Doyle has a proven track record in locating properties with valuable resources and developing them to bankable stage.
KEY HIGHLIGHTS
Mundic Breccia – much bigger than Kidston Mine (5MOz) & Mt Leyshon (3.5MOz)
BRILLIANT BRUMBY
Note: Jodo Gold Pty Ltd is a 100% owned subsidiary
OAKEY CREEK
Brandy Creek
MINING LEASE AREA 2 historic mine sites (average 26g/t & 20g/t). Recent rock chip samples 176g/t Au, 95g/t Au, 82g/t Au. Drill samples to 74g/t Au. Multiple Samples – Visible Gold UNDEREXPLORED AREA NEVER PREVIOUSLY DRILLED Historic Mine Average grade 51g/t Au Recent rock chip samples to 15g/t Au
ML 100008
2 km strike length for significant gold mineralization from surface to 120 meters +. Typical of quartz-vein mesothermal “Charters Towers style” gold mineralizing systems that are well known for their high grade and deep structures. MULTIPLE TARGETS
veins (Devonian) and
Carboniferous) Intrusion-Related Gold.
Devonian Permo- Carboniferous
Brilliant Brumby The Worm High Ridge Mundic Breccia
High Ridge Samples up to >1oz/t Au, >1oz/t Ag, and Pb at >1%, 91ppm As, 68ppm Bi, >100ppm Mo
THE PROJECT AREA - Priority Targets
Mining Commenced - Dec 2017 Gold Production Q4 2018
Gold was not discovered in the area until 1937 and led to the Mt Stewart gold rush. The initial mining was on the Surprise and Brilliant Brumby workings. At Surprise a shaft at least 34m deep produced 1,650 oz gold from 2600 tons, while the Brilliant Brumby has recorded production of 790 oz gold from 950 tons of ore. The extent of workings however suggests that more may have been produced but not officially recorded.
3 HISTORICAL MINES – IN PROJECT AREA
Brandy Creek – 51 g/t Au Brilliant Brumby – 26 g/t Au Surprise – 20 g/t Au
AVERAGE GRADES HISTORICAL
3 Shafts from Old Workings
Global Average 1.01 g/t Charters Towers 34 g/t Brilliant Brumby Historic Mine 26 g/t Brandy Creek Historic Mine 51 g/t
BRILLIANT BRUMBY & SURPRISE HISTORICAL MINES
AVERAGE GOLD GRADE Two mines (located in the Project Area EPM) was worked between 1937- 1940 producing 790 oz of gold from 950 tons of
26 g/t Au
CHARTERS TOWERS HISTORICAL MINE
AVERAGE GOLD GRADE This mine produced over 7 million oz of gold and is Australia’s richest major gold field
34 g/t Au
BRANDY CREEK
HISTORICAL MINE
AVERAGE GOLD GRADE QLD Mines annual reports from 1932-1935 record 83.5t of ore treated for 137.4 oz. of gold at a grade of 51 g/t Au
51 g/t Au
GLOBAL GOLD MINES PRODUCING & UNDEVELOPED
AVERAGE GOLD GRADE GLOBALLY After examining all 580 gold deposits held by public, private and government backed companies here is what was found. (Source: Natural Resource Holdings)
1.01 g/t Au
HISTORICAL GOLD GRADES vs. GLOBAL AVERAGE
OUTSTANDING SAMPLE RESULTS
OUTSTANDING SAMPLE ASSAYS
1331 Surface Geochemical Samples 428 Rock Chip Samples 176 g/t Gold 95.7 g/t Gold 82.2 g/t Gold Multiple >20 g/t Gold 208 Stream Sediment Samples 171,000ppb Au 6,790ppb Au 4,780ppb Au 647 Soil Samples EXCELLENT RESULTS
GOLD NUGGETS FROM SEDIMENT SAMPLING
RARE SAMPLE CHARACTERISTICS
EXCELLENT EXPLORATION & DRILLING RESULTS CONFIRMATION
hole with high grade drill samples up to 74.1 g/t Au
along strike to the north.
characteristics similar to Charters Towers style mineralised systems (depth & high grade potential).
EXCEPTIONAL DRILLING RESULTS
Two Successful Drill Programs 4,633 meters of drilling 2992 Drilling Samples
High Grade Drill Samples up to 74.1 g/t Au
Drill Programs to date tested 550m of the mapped ~2,400m of lodes on the Brilliant Brumby Line.
BRILLIANT BRUMBY
Note: Jodo Gold Pty Ltd is a 100% owned subsidiary
Recent construction of the EBBAR road up the Lolworth Range to the Mining Lease.
Fully Permitted
2km
MINING LEASE AREA
HIGH GRADE NARROW VEINS
Mineralisation has not been closed-off at depth nor along strike.
BRILLIANT BRUMBY
Extensive work is now being carried out to
BULK SAMPLING
Extensive stockpiling and separation of ore has taken place since December 2017. The rationale for the work includes commencement
early cash flow
commissioned.
KEY HIGHLIGHTS
Kev Doyle (2017) collected a composite quartz sample of 134 kg from the mullock dumps at Brilliant Brumby (40 g), BB North (80 kg), Mystery East (10 kg) and Blue Doe (2kg; EPM 18510). The sample was crushed to -0.6mm and processed through a hydraulic gold concentrator resulting in 10.8 g
KEY HIGHLIGHTS
Production plant and equipment is expected to be on site in Q3 2018, ready for installation and commissioning Q4. Tailings areas are being prepared, ready for gold production.
the Brilliant Brumby Project.
amenability of the ore to Gekko Python processing technology and in particular to determine the maximum gold recovery. It was found that:
CGR test was 8.74 g/t Au. This compared well to the calculated head grade derived from the 1 kg grade by size analysis of the minus 1.18 mm feed, which was 8.38 g/t Au.
flotation gave an outstanding overall gold recovery of 97.5% into 5.84% of the mass at a concentrate grade of 135.8 g/t Au.
RECOVERY TESTWORK
CRUSHER SHAKING TABLE LAB SCALE EQUIPMENT CONCENTRATOR FLOTATION UNIT
SURPRISE
Steve asked me what my view of the best revenue potential was. Based the half-ounce/t Au quartz sample from 7m depth at the south end
there, Surprise looks the best high-grade option to me at the moment. It also has the advantage
excavated near surface) and has potential below the cover to the north. Silica Ridge has some wider drill hole intersections, possibly suitable for an open
persists to the surface there. Additional costeaning (and drilling) will provide the information needed
the shallow production potential on the other lodes.” Regards, Jim.
CHIEF GEOLOGIST – ON STRATEGY & SURPRISE (Feb 2018)
“At Surprise, Kev’s idea of a ramp down from the south to the old workings looks “right on the money” (see attached long section). The reef there seems to have good continuity over 50 to 100m or more. The continuity of the reef suggests focused ore-fluids there and that It may well keep going at depth as the attached conceptual section shows. CONCEPTUAL EXTENSION OF SURPRISE REEF
Rock chip sample assays up to >1oz/t Au, >1oz/t Ag, and Pb at >1%, 91ppm As, 68ppm Bi, >100ppm Mo. Gold / silver / lead combination suggests a large target. The generally elevated Mo and Bi suggests the possibility
a younger Permo- Carboniferous component to the mineralisation. Working hypothesis is that the 3km N- S zone of alteration is the main ore channel way and that the gold deposited in brittle zones off the main
in the complex fracture array at the end of major mineralised faults in places where the best fluid flow
Golden Spur seem to fit this
considerable vertical extent.
BULK TARGET – Permo Carboniferous
BULK TARGET – Gold Bearing Breccia
The Oakey Creek EPM represents a compelling prospect. Extensive research of the open file data was undertaken which highlighted untested gold potential. Definitive parameters are the known presence of gold, breccias and rhyolites. The principal target is the “Mundic Breccia” which lies within the Mundic Igneous Complex (Clarke & Paine, 1970) and is now believed to be of Early-Mid Permian age (Jell, 2013, p.494). The breccia is larger than the those which host the Kidston and the Mt Leyshon 3 to 5 Moz gold orebodies .
OAKEY CREEK Mundic Breccia
Outline of Mundic Breccia at Oakey Creek with insets at same scale
Kidston Gold Mine Breccia (5 million oz Au) Mt Leyshon Gold Mine Breccia (3.5 million oz Au) 5 sq. km. breccia on the same regional structure as Mt Leyshon Exploration to date - no drilling - no soil geochemical assays - only 3 rock chip samples.
BRANDY CREEK NW of Brilliant Brumby
Based
the similarity
the mineralisation to that on the 2 km strike length Brilliant Brumby Line to east where shallow resources are inferred, the known Brandy Ck strike length may conceptually host resources of a quarter to a third of those at Brilliant Brumby. The highest gold values were found on the north western workings with 6 samples
g/t Au, averaging 7.3 g/t Au. Other high gold assays included 15.2 and 4.3 g/t Au in the south eastern group.
BRANDY CREEK
Geological mapping Brandy Creek pits (J Morrison).
TARGETED ONGOING DRILL PROGRAM
An extensive ongoing drill program is planned as outlined below. Drill program preparation.
EXPANDING RESOURCES
GOLD IN QUARTZ BRILLIANT BRUMBY GOLD NUGGETS FROM SEDIMENT SAMPLING AT THE WORM
PANNED GOLD FROM DRILL CHIP BRILLIANT BRUMBY
Whilst the Brilliant Brumby has been recognised as a mesothermal Charters Towers style vein system, the mineralisation in the northern part of the Mining Lease application area has cross-cut dyke rocks which may be of Permo-Carboniferous age, west of the Surprise. The Company’s geologists advise that this, in conjunction with the presence of Permo-Carboniferous intrusions on the eastern side of the project area, has the potential to upgrade the prospectivity of the region. If the mesothermal vein mineralisation at Brilliant Brumby is of older (Charters Towers) age, now exposed through 400 million years of erosion, it formed much deeper in the crust (higher pressures) where ore widths are constrained by pressure. If the mineralisation formed at a younger Permo Carboniferous age, the mineralisation is less eroded and formed in a lower pressure environment where greater widths of breccia-hosted mineralisation could have formed and be
The Mt Leyshon (3+ million oz. Gold), Mt Wright (1+ million oz. Gold) and Ravenswood (4+ million oz. Gold) gold mines are evidence of mineralisation from this Permo-Carboniferous era. The Mundic Igneous Complex which runs through the eastern side of the tenements contains some breccias and is also of this age.
GOLD PROLIFERATION
INDEPENDENT ANALYST REPORT
Download Analyst Report
PROLIFIC MINING REGION 3 GENERATIONS OF MINING EXPERIENCE EXCELLENT EXPLORATION & DRILLING RESULTS MINING WORKS STARTED - DEC 2017. HIGH GRADE VEINS - VISIBLE GOLD – BULK TARGETS
PRE - IPO
1 2 3 4 5 6 7
GOLD PRODUCTION SCHEDULED FOR Q4 2018 TARGETED ONGOING DRILL PROGRAM TO EXPAND RESOURCES