Kihabe Zinc,Lead,Silver Project
Botswana
2016 AGM Presentation 30/11/16
ASX: MTB
Rail Head ~330km
Disclaimer : Forward Looking Statement
This presentation contains forward looking statements in respect of the projects being reported on by the Company. Forward looking statements are based on beliefs, opinions, assessments and estimates based on facts and information available to management and/or professional consultants at the time they are formed or made and are, in the opinion of management and/or consultants, applied as reasonably and responsibly as possible as at the time that they are applied.
Any statements in respect of mineral reserves, resources and zones of mineralisation may also be deemed to be forward looking statements in that they contain estimates which the Company believes have been based on reasonable assumptions with respect to mineralisation that has been found. Exploration targets are conceptual in nature and are formed from projection of the known resource dimensions along strike. The quantity and grade of an exploration target is insufficient to define a Mineral Resource. Forward looking statements are not statements of historical fact, they are based on reasonable projections and calculations, the ultimate results or outcomes of which may differ materially from those described or incorporated in the forward looking statements. Such differences or changes in circumstances to those described or incorporated in the forward looking statements may arise as a consequence of the variety of risks, uncertainties and other factors relative to the exploration and mining industry and the particular properties in which the Company has an interest.
Such risks, uncertainties and other factors could include but would not necessarily be limited to fluctuations in metals and minerals prices, fluctuations in rates of exchange, changes in government policy and political instability in the countries in which the Company operates.
Competent Person Statement
The information in the resource statement that relates to the Kihabe Resource is compiled by Byron Dumpleton, B.Sc., a member of the Australasian Institute of Geoscientists. The information that relates to the Nxuu Resource is compiled by Mr Ben Mosigi, M.Sc., (Leicester University - UK), B.Sc., (University of New Brunswick - Canada), Diploma Mining Tech (Haileybury School of Mines - Canada), a member of the Geological Society of South Africa.
Mr Dumpleton is an independent qualified person and Mr Mosigi was a Technical Director of the Company for the period in which the resource was developed. Both Mr Dumpleton and Mr Mosigi have sufficient experience relevant to the style of mineralisation under consideration and to the activity to which they have undertaken to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code of Reporting of Mineral Resources and Ore Reserves". Both Mr Dumpleton and Mr Mosigi consent to the inclusion in this report of the matters based on the information in the form and context in which it appears.
This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.
WELL POSITIONED LEADING INTO 2017
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Licence recently granted to
MTB share price and trading volumes Dec '15 to Nov '16
2023
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Board strengthened
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Funding secured - drilling
started - near term news flow
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Timed to positive zinc outlook
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One of only a few ASX Zinc
focussed plays
Licence Renewed
Strategic re-launch
Zinc Price - Final / official cash buyer price at 1pm (UK Time) daily
Recent trading at 9-year highs!
NOV 2016 DRILLING AT 5 GEOCHEMICAL ANOMALIES
Target 52: Zn soil anomaly 2km SE of Nxuu Zn deposit. Soil results suggest a possible mineralised strike length of >5km (Double the combined strike lengths of Kihabe and Nxuu deposits
Wanchu & Wanchu West: Zn soil anomalies 4km SW and 1.5km S respectively of Kihabe deposit
Lebala: A cluster of small zinc soil anomalies 7km NE of Kihabe
Copper Anomaly: Cu / Co soil anomaly 14km NE of Kihabe
CURRENT STATUS
Drilling completed - 27 RC holes for 1640m
Visual drill logs from 3 of the 4 zinc anomalies logged the intersection of the quartz wacke / dolostone contact (a marker for potential Zn mineralisation)
First tranche of assay results expected Dec '16
Second, larger tranche expected in the New Year