SKAB EXPL EXPLORING HIGH GRADE GOLD AT FOSTERVILLE | CSE:OZ |
outbackgoldfields.com |
JANUARY 2021
DISCLAIMER
The Company has entered into an asset purchase agreement with Petratherm Ltd. ("Petratherm"), pursuant to which the Corporation has agreed to acquire certain Victorian gold assets from Petratherm (the "Proposed Transaction"). Completion of the Proposed Transaction is subject to a number of conditions, including the receipt of all necessary regulatory and shareholder approvals. There is no guarantee that the Proposed Transaction will be completed as proposed or at all.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained on this presentation. This presentation is not an offer to purchase securities and does not constitute an offering document under Securities legislation. All information is presented in Canadian dollars unless otherwise stated; as of the date indicated on the front of this presentation. This presentation contains information obtained by the Company from third parties. The Company believes such information to be accurate but has not independently verified such information.
This presentation contains "forward-looking information" concerning the future financial or operating performance of Outback Goldfields Corp. ("Outback" or the "Company") and other statements that express management's expectations or estimates of future developments, circumstances or results. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "seeks", "believes", "anticipates", "plans", "continues", "budget", "scheduled", "estimates", "expects", "forecasts", "intends", "projects", "predicts", "proposes", "potential", "targets" and variations of such words and phrases, or by statements that certain actions, events or results "may", "will", "could", "would", "should" or "might" "be taken", "occur" or "be achieved". Forward-looking statements included in this presentation include statements regarding potential mineralization and mineral resources, near-term catalysts, and future plans, strategies and objectives of Outback. While all forward-looking statements involve various risks and uncertainties, these statements are based on certain assumptions that management of Outback believes are reasonable, including that it will be able to obtain financing and on reasonable terms, that its current exploration and other objectives can be achieved, that its exploration and other activities will proceed as expected, that widespread epidemics or pandemic outbreak including the COVID-19 pandemic will have no or minimal impact to Outback's business, that its community and environmental impact procedures will work as anticipated, that general business and economic conditions will not change in a material adverse manner, that Outback will not experience any material accident, labour dispute or failure or shortage of equipment, and that all necessary government approvals for its planned exploration and potential development activities will be obtained in a timely manner and on acceptable terms. There can be no assurance that the forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Outback's expectations include, among others, the actual results of current exploration activities being different than those anticipated by Outback, changes in project parameters as plans continue to be refined, changes in estimated mineral resources, future prices of metals, increased costs of labor, equipment or materials, availability of equipment, failure of equipment to operate as anticipated, accidents, effects of weather and other natural phenomena, risks related to community relations and activities of stakeholders, and delays in obtaining governmental approvals or financing. Although Outback has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Outback does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required by law.
Data disclosed in this presentation relating to sampling and drilling results is historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. In some cases the data may be unverifiable due to lack of drill core or open-workings. The Company's future exploration work will include verification of the data. The potential quantity and grade of any exploration target in this presentation is conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the exploration target being delineated as a mineral resource. Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company's property. The technical information disclosed presentation has been reviewed and approved by Christopher Leslie, P. Geo., a qualified person as defined by National Instrument 43-101.
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INVESTMENT HIGHLIGHTS
FOUR STRATEGIC
PROPERTIES IN PROLIFIC
GOLD DISTRICT
EXPERIENCED
MANAGEMENT TEAM
SIGNIFICANT NEAR-TERM
CATALYSTS
- Large land package in a jurisdiction that has produced over 80 Moz of Au historically1
- Assets located in proximity of Kirkland Lake Gold's Fosterville Mine
- High-grade,low-cost mining district
- Experienced Board and Management team with a track record creating shareholder value
- Following path of previous success
- Attractive entry point in high value potential assets
- Focused work program with near term catalysts
Sources:
1. Combination of alluvial and reef production, Geoscience Victoria Special Publication, Phillips, 2010.
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MANAGEMENT & BOARD
CRAIG PARRY CHAIRMAN
Geologist, an experienced executive, and a member of the Australasian Institute of Mining and Metallurgy (AusIMM). Over fifteen years of mineral exploration experience in gold, petroleum, diamonds, ironore, copper, coal and uranium. Mr. Parry holds a Honours Degree in Applied Geology from the University of New South Wales. Mr. Parry is the Chairman of Vizsla Resources, Skeena Resources, Outback Goldfields and Goldbull Resources.
OTA HALLY CFO & DIRECTOR
Chartered Professional Accountant and a Chartered Financial Analyst with broad experience in executive level financial management positions across multiple industries. Formerly with Yamana Gold, Endeavour Mining and Pan American Silver.
LOUIS ARCHAMBEAULT DIRECTOR
Engineer by profession, B.Eng in Mining and Mineral Engineering and an M.Eng in Mineral Economics and Artificial Intelligence, both from McGill University. Currently VP Corporate Development at Orezone and formerly with Goldcorp and CIBC.
CHRIS DONALDSON CEO & DIRECTOR
Experienced executive with 25 years focus on capital markets, government and community relationships. Formerly director of Corporate Development with Western Copper and Gold (TSX and NYSE American listed company).
PENNY JASKI DIRECTOR (Outback Goldfields Australia)
Penny Jaski, B.Sc (Public Relations and Politics) has over 20 years' experience in community and stakeholder relations and government affairs, including 15 years in mining with Rio Tinto. Penny has worked as a community relations officer across several municipalities in Western Australia, as well as worked with a number of indigenous communities in the Goldfields and Western Desert regions. Penny has worked for Rio Tinto numerous across exploration projects in Western and South Australia as Manager of Community.
ERIC ZAUNSCHERB DIRECTOR
Eric Zaunscherb is a Canadian geologist with over thirty years of experience as a mining analyst. He has enjoyed working in Toronto, Vancouver, and London, learning best practices in capital markets and seeing hundreds of exploration, development and mining projects globally.
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THE TECHNICAL TEAM
PETER REID
Peter Reid is a geologist and founder of ASX listed Petratherm and more recently a private Company, Sherlock Minerals. Peter has strong exploration credentials having worked initially for the Regional Geological Survey of South Australia and later with Minotaur Resources. This included being involved in the discovery of the world class Prominent Hill Cu-Au deposit that was subsequently sold to OZ Minerals. During this time he generated a portfolio of nickel projects, and aided the spin out of a successful IPO, Mithril Resources, from Minotaur.
CHRISTOPHER LESLIE
Christopher is an economic geologist with over 13 years of experience in mineral exploration primarily focused on the discovery and advancement of gold deposits. He was most recently Vice President Exploration for Tower Resources Ltd., where he assembled and helped advance a portfolio of gold projects throughout British Columbia. Prior to joining Tower, Mr. Leslie was Senior Project Geologist for Richfield Ventures Corp. where he was an integral member of the discovery team at the Blackwater Gold project where he supervised the exploration and initial resource delineation drill programs that lead to the most recent mineral reserve estimate of 8.2 Moz gold. Prior to Richfield, Mr. Leslie was involved in mineral exploration and government geoscience, working on numerous deposit styles both in grassroots exploration and in production. He is currently finishing his Ph.D. at the Centre for Ore Deposit and Earth Sciences (CODES) at the University of Tasmania. He has an M.Sc. in geological sciences from the University of British Columbia and a B.Sc. in geological sciences from the University of Alberta. Mr. Leslie is a registered Professional Geoscientist with Engineers & Geoscientists British Columbia.
MATT HERNAN
Matthew is a geologist with 17 years of experience in the mining Industry. With 15 years spent working in the Ballarat and Bendigo Gold Mines, Matt specialises in Central Victorian nuggetty narrow vein gold systems and has extensive experience in underground mine geology, resource estimation, geological management and leadership.
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CAPITAL AND SHARE STRUCTURE
As of December 2020 | |
Shares Outstanding | 58,370,530 |
Warrants | 10,256,150 |
Options | 5,383,333 |
Fully Diluted | 74,455,013 |
Share Price | $0.84 |
Market Capitalization | ~C$49 million |
Cash on Hand | C$10.3 million |
67% RETAIL
24% INSTITUTIONAL
9% MANAGEMENT & INSIDERS
Values are approximate based on current information
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JURISDICTION
Year-round
drilling
Access to
workers despite COVID-19
Mining friendly
Strong
traditional
owner
relationships
Clear
permitting
system
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HISTORY OF REGION
Sources:
1. Combination of alluvial and reef production, Geoscience Victoria Special Publication, Phillips, 2010, Victoria government records https://earthresources.vic.gov.au,
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GEOLOGY & MINING HISTORY
- IN SHORT: Historically, the Victorian goldfields have been explored for mesozonal (Ballarat style) gold deposits. However, with the discovery of epizonal (Fosterville style) mineralization at the Swan Zone, Fosterville gold mine, a new opportunity has emerged to explore in previously overlooked areas for Fosterville style mineralization.
- SWAN ZONE: We now understand that Fosterville style systems can develop extremely high-grade,large, free gold deposits.
- GOLDFIELDS: The Melbourne and Eastern Bendigo zones host almost exclusively all historic Fosterville style gold deposits.
- OPPORTUNITY: This has provided insight into a new search space for high-grade gold mineralization below historic near-surface gold targets. Outback Goldfields controls a large, prospective tenement package in the Melbourne Zone strategically located near the Fosterville mine with documented gold occurrences.
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FOSTERVILLE MINE
Source: Figure Kirkland Lake (klgold.com); New Releases 11 Dec. 2018, 21 Feb. 2019 and 30 Jul. 2019; NI-43-101 Technical Report filed April 1st, 2019 (sedar.com)
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PROJECTS
FOUR KEY ASSETS IN
HIGHLY PROSPECTIVE
FOSTERVILLE GOLD
DISTRICT
Bendigo (Historic production) 3
22 Moz Au produced from reef mines
Castlemaine (Historic production) 5
- Moz Au produced from reef mines
- Moz Au produced from alluvial
Clunes (Historic production) 3
1.5 Moz produced from alluvial
Ballarat (Historic production)
- Moz Au @ 9.0 g/t Au produced from reef mines4
- Moz Au produced from alluvial3
Fosterville (Kirkland Lake Gold)1
- Moz Au @ 21.8 g/t Au (P&P Mineral reserves)
- Moz Au @ 5.3 g/t Au (M&I Mineral resources)*
Costerfield (Mandalay Resources)2
0.35 Moz Au @ 9.6 g/t Au (M&I Mineral resources)
Sources:
- Kirkland Lake Gold website (Klgold.com), Dec. 31, 2019 Reserve statement
- Mandalay Resources website (mandalayresources.com), March 30, 2020 NI 43-101 sedar.com
- Geoscience Victoria Special Publication, Phillips, 2010.
- Independent QP Report for the Ballarat Mine, Aug. 28, 2020, LionGold Corp.
- GSV Report 121, Willman et al., 2002
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PROJECT HIGHLIGHTS
A Rare Opportunity: Underexplored 1100 Hectare
Land Position with first mover advantage in the World's Hottest
Gold Exploration District
Yuengroon (PTR 100%) | Bendigo |
- ~140 Koz Au historic regional production with shallow reef production recording grades up to 250 g/t Au4 (Golden Jack mine).
- 6 new high-tenorarsenic-in-soil anomalies have been identified and warrant systematic follow-up5
- Area remains relatively untested by drilling
Glenfine (Outback earning up to 80%, by spending $3M, subject to ROFR)
● Historic reef production of 44 Koz Au in the immediate area2
● Mineralized intercepts along strike from historic developments3
Ballarat West (EL 7276 PTR 100%) | |||
● 5 km from- and adjacent to- Ballarat gold mines (+1.6 Moz Au reef production6) | |||
in major N-S trending structures that parallel the Ballarat host trend | Ballarat | ||
● 600 Koz Au historic production from contained and nearby alluvial workings7 | |||
Silver Spoon (EL 6951 -PTR 100%) | (Klgold.com), Dec. 31, 2019 Reserve statement | ||
● 12 km from Fosterville Gold Mine (2.1 Moz Au @ 21.8 g/t Au1) | |||
● Adjacent to Goldfields (NCVG) tender block #3 | 1. | Kirkland Lake Gold website | |
3. | PTR ASX Announcement 08/07/2020 | ||
2. | VICMINE Report GSR-94 (Finlay and Douglas, 1992) | ||
4. | VICMINE Report ID 373410 | ||
5. | PTR ASX Announcement 27/03/2020 | ||
CSE:OZ | outbackgoldfields.com | 6. | Independent QP Report for the Ballarat Mine, Aug. 28, 2020, LionGold Corp. | |
7. | PTR ASX Announcement 19/05/2020, earthresources.vic.gov.au |
Fosterville
12
YUENGROON
- Project comprises 698 km2 area
- Covers a portion of the Wedderburn Goldfield (140 Koz Au production1)
- Prospective regional scale faults host historic high-grade reef mines
- Golden Jacket Mine
1.4 Koz @ 250 g/ton Au2 - Shallow cover over most of the tenement therefore bedrock remains unexplored and poorly tested
- 6 large new As-in-soil anomalies have been identified in the Wedderburn area and represent new exploration drill targets3
Wedderburn
Goldfield
Moondyne
Golden
Jacket
Sources:
- GSV Report 122 (http://gsv.vic.gov.au/)
- VICMINE Report ID 373410
- PTR ASX Announcement 27/03/2020
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GLENFINE PROJECT
- An advanced 96 km2 exploration project with documented Ballarat style reef Au and Stawell
style basalt contact Au | British Banner |
mineralisation. |
● Historic reef production of 44,000 oz1
● Only the British Banner and
Glenfine Reef 2 targets have | |
been systematically tested by | |
drilling. | Glenfine South Mine |
43,693 oz Au @ 16 g/t Au1 | |
Glenfine Reef | Only mined 100 m vertical |
section and open in all | |
2 | directions. |
Fosterville-style targets | |
Sources: | under old workings |
1. VICMINE Report GSR-94 (Finlay and Douglas, 1992) |
2. PTR ASX Announcement 08/07/2020; summary in EL5344 Annual Report (July 25th, 2018) and EL5434 Annual Report (October 28th, 2016)
Selected drill intercepts from the British Banner Prospect2
CCD01 - 3.8m @ 9.0 g/t Au from 265.7m incl. 1.3m @ 23.4 g/t Au
3.2m @ 4.1 g/t Au from 327.4m incl. 0.7m @ 13.4 g/t Au
PDF036 - 0.9m @ 3.3 g/t Au from 313.1m incl. 0.6m @ 22.8 g/t Au
CCD04 -2.1m@ 4.0 g/t Au from 206.8m
Selected drill intercepts from the Glenfine Reef 2 Prospect2
PFD031 - 3.1m @ 3.6g/t Au from 98.8m incl. 0.9m @ 9.2g/t Au
3.8m @ 5.7g/t Au from 106m incl. 0.8m @ 21.0g/t Au
PFD005 - 1.2m @ 11.4g/t Au from 152.3m
PFD016 - 1.3m @ 7.0g/t Au from 221.9m incl. 0.7m @ 11.5g/t Au
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SILVER SPOON
- Adjacent to Kirkland Lake, Newmont, Fosterville South and large auction block
- Tenement grant due second half 2020
- Area only lightly explored due to shallow cover over most of the tenement
- Crosbie prospect 900m X 300m footprint As-in-soil anomaly1 has yet to be systematically drill tested
Fosterville (Kirkland Lake Gold)2
- Moz Au @ 21.8 g/t Au (P&P Mineral reserves)
- Moz Au @ 5.3 g/t Au (M&I Mineral resources)*
Crosbie
Sources: | ||
CSE:OZ | outbackgoldfields.com | 1. | EL3616 Annual Report (April 3rd 2002) |
3. | Mandalay Resources website (mandalayresources.com), March 30, 2020 NI | |
2. | Kirkland Lake Gold website (Klgold.com), Dec. 31, 2019 Reserve statement |
43-101 sedar.com
Costerfield (Mandalay Resources)2 0.35 Moz Au @ 9.6 g/t Au (M&I Mineral resources)
magnetics
15
BALLARAT WEST
- 600 Koz Au historic alluvial production from widespread deep lead mines on and adjacent to tenement1
- Adjacent to major goldfields - Ballarat, Clunes and Creswick with historic Au production totally 17.3 Moz Au2.
- Shallow cover - 10 - 80m
- PTR ASX Announcement 19/05/2020, earthresources.vic.gov.au
- Geoscience Victoria Special Publication, Phillips, 2010. Combined alluvial and reef
- Independent QP Report for the Ballarat Mine, Aug. 28, 2020, LionGold Corp.
Ballarat West
Clunes (Historic production) 2
1.5 Moz produced from alluvial
Ballarat (Historic production)
- Moz Au @ 9.0 g/t Au produced from reef mines2
- Moz Au produced from alluvial2
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LOOKING FORWARD
NEAR TERM CATALYSTS
COMPLETE ACQUISITIONS
Complete acquisitions of 4 key properties from Petratherm
CHANGE COMPANY NAME AND SYMBOL
3:1 share roll-back, resumption of trading under symbol OZ
RANK AND PRIORITIZE
Evaluate drill targets and establish Phase 1 drill program
INITIATE DRILLING CAMPAIGN
Start Phase 1 drill campaign on Glenfine and Yuengroon
OBTAIN ADDITIONAL EXPLORATION LICENSES
Silver Spoon and Ballarat West
UPLIST TO TORONTO STOCK EXCHANGE VENTURE (TSX.V)
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VALUE PROPOSITION
VICTORIA: RECENT EXPLORATION HAS GENERATED SIGNIFICANT VALUE AMONGST PEERS
Victorian Goldfields: company valuations1
$224 | Case study: Fosterville South (TSXV: FSX) |
(market cap - C$ millions)
$211
>400% INCREASE IN VALUE FROM
$161
PTR Victorian assets at
Outback transaction$126 value
$100 $97
$73
$20 | |||||||||||||
Petratherm | Kalamazoo | Navarre Minerals | Mawson Gold | Mandalay Resources | Fosterville South | ||||||||
1 Approximate; AUD:CAD $0.95 |
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LISTING IN APRIL TO A PEAK IN JULY
$6.00 | |||||||
$5.00 | |||||||
$4.00 | |||||||
$3.00 | |||||||
$2.00 | |||||||
Stavely Minerals | Catalyst Metals | $1.00 | |||||
$0.00 | 14/May/20 | 14/Jun/20 | 14/Jul/20 | 14/Aug/20 | 14/Sep/20 | ||
14/Apr/20 | |||||||
18 |
POTENTIAL UPSIDE
FOUR KEY GOLD PROJECTS WHICH HAVE | ||
SIGNIFICANT GOLD POTENTIAL DUE TO: | ||
WORLD CLASS GOLD BELT | ||
01 | ||
80 Moz Au gold producing district | ||
02 | NEW GEOLOGICAL UNDERSTANDING & MODERN MINING TECHNIQUES | |
Mesozonal (Bendigo Style) vs Epizonal (Fosterville Style) | ||
03 | HOME TO ONE OF THE HIGHEST GRADE & LOWEST COST MINES IN THE WORLD | |
Fosterville (Kirkland Lake) | ||
04 | STAKING RUSH INCLUDING MAJORS SURROUNDING PROJECT | |
Newmont, Chalice, Fosterville South, Mawson and "Land under Auction" | ||
05 | ONGOING POSITIVE DRILL RESULTS FROM NEIGHBOURING PROJECTS | |
Mawson, Fosterville South, Chalice |
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APPENDIX
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TRANSACTION
TRANSACTION DETAILS
- Deal secured due to Outback Goldfield's long relationship with Petratherm Shareholders and Board.
- Acquisition of Petratherm's ("PTR") Victorian gold licenses and assets.
- PTR to receive 33.3 M Skarb shares.
- Skarb to complete a placement of a minimum of C$4M as a condition precedent to the transaction.
- Outback shares to be transferred in-specie to PTR shareholders following 4 month hold.
WIN-WIN TRANSACTION
- Outback gets access to PTR's "first movers" advantage as they have been performing DD and acquired the projects over the last few years
- Transition of non-core assets to dedicated management team
- Desire to have projects with experienced group led by Craig Parry and Skarb Management
- ASX vs TSX.V. Victorian projects often achieve higher valuations when listed on Canadian exchanges
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For more information contact:
info@outbackgoldfields.com
www.outbackgoldfields.com
CSE:OZ
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Disclaimer
Outback Goldfields Corp. published this content on 01 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2021 15:51:01 UTC
