INVESTOR PRESENTATION
onlyEMERGING GOLDFIELD WITH PROVEN HIGH GRADE
useGOLD DISCOVERY
December 2021
ASX: MHC
ACN: 123 156 089 ersonal
DISCLAIMER
Forward-Looking Statements
This ASX release may include forward-looking statements. These forward-looking statements are not historical facts but rather are based on Manhattan Corporation Limited's current onlyexpectations, estimates and assumptions about the industry in which Manhattan Corporation Limited operates, and beliefs and assumptions regarding Manhattan Corporation Limited's
future performance. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates", "potential" and similar expressions are intended to identify forward-looking
statements. Forward- looking statements are only predictions and are not guaranteed, and they are subject to known and unknown risks, uncertainties and assumptions, some of which
are outside the control of Manhattan Corporation Limited. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the
likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Actual values, results or events may be materially different to those expressed or
implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward- looking statements in this
announcement speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Manhattan Corporation Limited
does not undertake any obligation to update or revise any information or any of the forward-looking statements in this announcement or any changes in events, conditions or usecircumstances on which any such forward looking statement is based.
Competent Persons Statement
The information in this Report that relates to Exploration Results for the Tibooburra Project is based on information review by Mr Kell Nielsen who is a technical adviser to Manhattan
Corporation Limited and is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Nielsen has sufficient experience which is relevant to this style of mineralisation
and type of deposit under consideration and to the overseeing activities which he is undertaking to qualify as a Competent Person as defined in the 2004 and 2012 Editions of the
"Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves'. Mr Nielsen consents to the inclusion in the report of the matters based on his information | ||
ersonal | ||
in the form and context in which it appears. | ||
Det ils of the Ponton Resource was reported by MHC on the 23 January 2017, "Ponton Mineral Resource Estimates". | ||
ASX: MHC Investor Presentation December 2021 | | 2 |
Corporate Overview
Experienced team with proven track record
Mr Marcello Cardaci - Chairman
BJuris LLB, BCom
Mr Cardaci holds degrees in law and commerce and is experience in a wide range of corporate and commercial matters with a particular emphasis on public and private equity raisings and mergers and acquisitions.
only | 100m out of ~450m | |||
Strike Extent (Never | ||||
Mr Kell Nielsen - Executive Director | ||||
use | BSc, MSc | Drilled) | ||
Mr Nielsen has over 30 years' experience as a qualified Geologist in project | ||||
generation, exploration and development across a broad range of minerals | ||||
including gold, copper and base metals. Mr Nielsen has exposure to a diverse | ||||
range of experiences and roles from grass roots exploration to being at the | ||||
forefront of discoveries and managing large resource development teams for | ||||
Placer Dome (Wallaby resource definition >10Moz Au). | ||||
ersonal | Mr John A G Seton - Non-Executive Director | |||
LLM (Hons)
Mr Seton is an Auckland based solicitor with extensive experience in commercial law, stock exchange listed companies and the mineral resource sector. He has successfully developed and operated two gold mines.
Capital Structure
ASX Code | MHC |
Market Cap | $20m |
Cash | $3.5m |
Share Price | $0.014 |
Shares on Issue1,2 | 1.526b |
Options1,3 | 200m |
Major Shareholders
Tribeca Investment | 8% |
Top 20 | 34% |
ASX: MHC Investor Presentation December 2021 | | 3 |
Manhattan Projects
Projects in emerging and under-explored districts
onlyuse✓
✓
✓
ersonal✓
Ponton Uranium Project
Located ~200km northeast of Kalgoorlie
Inferred resource of 17.2 million pounds (Mlb) grading 300ppm uranium oxide (U3O8)
Carbonaceous sand hosted uranium
Mineralisation located in shallow reduced sand hosted tabular deposit in a confined palaeo channel
- potentially amenable to in-situ metal recovery
Tibooburra Project | ||
✓ Flagship project Located in emerging | ||
Koonenberry Gold District, North of | ||
Broken Hill NSW | ||
Large scale potential | ||
✓ Large 2,200 km2 strategic land holding | ||
in the emerging Koonenberry Gold | ||
District | ||
✓ 220km gold strike extent | ||
✓ Mineralisation styles and structural | ||
Ponton Uranium | Tibooburra | development in the Tibooburra |
Goldfields are remarkably similar to the |
Victorian Goldfields in the Western
Lachlan Orogen
Advanced high-grade project
✓ Drilling has intersected significant mineralisation
✓ Multi-Million ounce potential
ASX: MHC Investor Presentation December 2021 | | 4 |
MHC Timeline and News flow
Drilling to re-commence January 2022
▪ | |||
▪ New shallow high-grade gold | |||
▪ | Completed acquisition of | lode discovered outside New | |
Bendigo | |||
Awati Resources Pty Ltd | |||
7m @ 18.16 g/t Au from 87m | |||
▪ 2,500m drill program | ▪ | ||
▪ Additional 5,000m RC drilling | |||
started | |||
only | planned | ||
JUN 2020 | |||
APR 2020 |
Shallow high-grade gold mineralization intersected at New Bendigo inc 30m @ 4.03 g/t Au from 11m inc 5m at 20.86 g/t Au from 11m.
Drilling extended the known extent of shallow mineralisation by 50%
OCT 2020
AC drilling intersected new zone of | Drilling to recommence and will |
gold mineralisation returning 12m @ | run through the first quarter of |
1.14 g/t Au from surface | 2022 |
FEB 2021 | JAN 2022 |
seu | MAY 2020 | AUG 2020 | ||
Completed initial | ▪ Completed initial 2,500 | |||
2,500 drill program | drill program and | |||
and extended RC | extended RC drilling by | |||
ersonal | ||||
drill coverage by | 500-800m | |||
500-800m | ▪ Plans for AC drill program |
announced
NOV 2020
Aggressive 30,000m drill program commenced including 20,000m of AC drilling and 10,000m of RC drilling
DEC 2021
- All results received from 20 RC drill holes
- ~2,100m of 5000m
- Significant mineralisation in all holes with
- 8m @ 40.5 g/t Au from 70m, inc 3m at 105.34 g/t Au
-
16m @ 13.89 g/t Au from 1m, inc
3m @ 69.20 g/t Au
MAR 2022
Drilling results announced between January and March 2022
ASX: MHC Investor Presentation December 2021 | | 5 |
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Manhatten Corporation Limited published this content on 13 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 December 2021 00:07:10 UTC.