INVESTOR PRESENTATION
onlyHIGH GRADE GOLDFIELD WITH MULTI - MILLION OUNCE POTENTIAL
useJULY 2022
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 expectations, 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 |
onlyann uncement 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. | ||
ASX: MHC Investor Presentation July 2022 | | 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 | $13.7m |
Cash | $2m |
Share Price | $0.009 |
Shares on Issue1,2 | 1.526b |
Options1,3 | 200m |
Major Shareholders
USB Nominees Ltd | 4.66% |
Top 20 | 33% |
ASX: MHC Investor Presentation July 2022 | | 3 |
Manhattan Gold Project
Emerging and under-explored district
onlyuseersonal | Tibooburra |
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 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-Millionounce potential
ASX: MHC Investor Presentation July 2022 | | 4 |
MHC Timeline and News flow
only | AC drilling intersected new zone | |
of gold mineralisation returning | ||
12m @ 1.14 g/t Au from surface | ||
- Drilling programme expanded with 10,000m of RC drilling
- Significant Shallow gold mineralisation intersected in all holes returning
- 63m @ 1.33 g/t Au from 24m
- 17m @ 1.13 g/t Au from 4m
- 3m @ 4.51 g/t Au from 9m
- All assays received for 17 RC holes from 2,466m 13m at 6.16 g/t Au from 50m inc
3m @ 25.48 g/t Au from 51m
8m @ 2.52/g/t Au from 70m inc:
1m @ 17.85 g/t Au from 72m
3m @ 4.32 g/t Au from 10m
4m @ 1.87 g/t from 6m - RC successfully intersected high-grade gold at depth from Pioneer returning
- 5m @ 6.96 g/t Au from 199m
- Visible gold in diamond drilling intersected
JUNE 2022
JUNE - NOVEMBER 2020 FEB 2021 |
use |
DEC 2021 | JAN - MAR 2022 | MAY 2022 |
JULY - DEC 2022
▪ Aggressive 30,000m drill programme |
completed |
(20,000m of AC & 10,000m of RC) |
ersonal |
▪ Shallow high-grade gold mineralization intersected
- 7m @ 18.16 g/t Au from 87m
- 30m @ 4.03 g/t Au from 11m inc 5m at 20.86 g/t Au from 11m
▪ Drilling extended the known extent of hallow mineralisation by 50%
- 20 RC drill holes completed ~2,100m of 5000m
- Significant mineralization in all holes including
- 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
- Initial assays received from
"Main Zone - 7m @ 13.10 g/t Au from
97m - 1m @ 11.10g/t Au from 9m
- 2m @ 1.70 g/t Au from 64m
- 7m @ 13.10 g/t Au from
- RC drilling expanded to test a further 4 targets
- Diamond drilling commenced 25 May
- Diamond drilling ongoing until mid July
- Currently processing core from diamond drilling
- Evaluation of high grade structural core interpretation
- Additional drilling to be completed at Pioneer
- Results pending for Pioneer and Jeffrey's flat
ASX: MHC Investor Presentation July 2022 | | 5 |
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Manhatten Corporation Limited published this content on 12 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2022 23:53:02 UTC.