for personal use only - asx · ¨ dave o’neill exploration manager (formerly exploration manager...

AGMUpdate

November2016

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ThispresentationcontainsanoverviewofMontezumaMiningCompanyLtdanditsassociatedentities(Montezuma)andtheirrespectiveactivitiesandoperations. Thecontentsofthispresentation,includingmattersrelatingtothegeologyofMontezuma’sprojects,mayrelyonvariousassumptionsandsubjectiveinterpretationswhichitisnotpossibletodetailinthispresentationandwhichhavenotbeensubjecttoanyindependentverification.

Thispresentationcontainsanumberofforward-lookingstatements. Knownandunknownrisksanduncertainties,andfactorsoutsideofMontezuma’scontrol,maycausetheactualresults,performanceandachievementsofMontezumatodiffermateriallyfromthoseexpressedorimpliedinthispresentation.

Tothemaximumextentpermittedbylaw,Montezumadoesnotwarranttheaccuracy,currencyorcompletenessoftheinformationinthispresentation,northefutureperformanceofMontezuma,andwillnotberesponsibleforanylossordamagearisingfromtheuseoftheinformation.

Theinformationcontainedinthispresentationisnotasubstitutefordetailedinvestigationoranalysisofanyparticularissue. CurrentandpotentialinvestorsandshareholdersshouldseekindependentadvicebeforemakinganyinvestmentdecisioninregardtoMontezumaoritsactivities.

Disclaimer

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n MarketData¨ SharesonIssue: 83.5M¨ SharePrice: $0.13¨ MarketCap: $10.8M¨ Cash: ~$5.3M¨ Investments: ~$5.2M¨ Debt: Nil¨ EV ~$0.3M¨ Top20Shareholders: ~60%

n BoardofDirectors¨ SeamusCornelius Chairman

(lawyer)

¨ JustinBrown ExecutiveDirector(geologist)

¨ JohnRibbons Director(accountant)

n Management¨ DaveO’Neill ExplorationManager

(formerlyExplorationManageratWesternAreasNL)

OverviewF

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SinceIPO,theMontezumacapitalmanagementstrategyhasdeliveredover$20MinexplorationexpenditureandincreasedNTA’stoover$10Mwhilepreservingthe

capitalstructuretomaintainleverageforshareholders.

CorporateStrategy

n Capitalmanagementthroughsensiblecorporatetransactionssuchas:

¨ Actingasvendorinnewcompanies– equityholdingprovidesupsidetoallassetsinnewco.

¨ Assetsales– immediatecashinjectionontothebalancesheet.

¨ JointVentures– minimise spendwhilepreservingupsideexposure.

n Explorationonprioritytargetstoretain100%exposuretobesttargets,fundedbymonetisation ofnon-coreprojects/holdings.

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KeyInvestmentsThecurrentportfolio

Totalcurrentmarketvalueofapproximately$5.16M*

Additionalleverageprovidedby4M12.5cBUXoptionposition

*BasedonASXclosingpriceson23November2016.

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StrategicOverview

n Strategy1– Growththroughdiscoveryoracquisition:¨ Discovery

n PrioritygoldtargetsaredrillreadyatYamarna andHolleton.

n DevelopingpipelineatGreenDam,Leinster,LakeJohnstoneetc.

n Ongoingprojectgenerationworktoidentifynewopportunitiesforexplorationsuccess.

¨ Acquisition:

n Investmentportfoliomaturing– warchestforacquisitions.

n Ideallytargetingneartermproductionassetsinthe$20-$30Mrange.

n Strategy2– Protectingshareholderleverage:n Prioritising generatingworkingcapitalthroughassettransactionsnotnewissues.

n Grownettangibleassetsbaseasamechanismfordownsideprotection.

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§ TargetedtenementacquisitionongoinginWesternAustralia.

§ Ongoingreviewofacquisitiontargets.§ Currentlyholdtenementsforvariouscommoditiesin

WesternAustralia.§ Prioritygoldtargetsat100%ownedYamarna Project in

theYamarna GreenstoneBelt.§ Recentlyacquired100%ownedHolleton Project inthe

Holleton Greenston BeltinsouthwestWA.§ Others(forexample):

§ ButcherbirdManganeseandCopperProjectapproximately120kmsouthofNewman.

§ GreenDamNi-Cu-PGEsulphide/Goldproject.§ NewlyacquiredgroundpackagesatLakeJohnston

andLeinster.Prospectivefornickelandgold.§ ResidualironoreroyaltyatMtPadbury.§ ResidualgoldroyaltyatPeakHill.

Projects

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JATZPROSPECTMultipleOreGradeRCDrill

Intersectionswithinfoldnose–stockworkveining

TheYamarna Project:RegionalContext

CRUSKITPROSPECTNumerousAuMineralisedAir-coreintersectionsalongmajorstructural

corridorandcontact

RITZTARGETAircore geochemicalanomalyProspectivestructuralposition

LESNAKPROSPECTPotentiallymineralisedstructureintersectsfelsic

intrusive

§ Location20kmalongstrikefromGruyere(6.2Moz resource*)enhancesprospectivity.

§ RecentstructuralandgeophysicalmodellingsuggestsparallelstoGORground.

§ Gruyereagedstructuresidentified.

§ Jatzgoldmineralisationhostedinbroadstockworkveinsystemonfoldedfelsic/maficcontact.

§ NewstructuraltargetsidentifiedwithcoincidentgeochemicalanomalismatRitz,LeSnak,Cruskit andRyvita.

Gravityoverlayingmagnetics(1VDTMI)imagery

RYVITATARGETAircore geochemical

anomaly

*website reference: http://goldroad.com.au/media/57e1ebd7caafd575889042.pdf

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Note: all intercepts quoted as downhole widths

YARC0017m @ 5.4 g/t Au

Incl. 2m @ 17.5 g/t Au

YARC0142m @ 1.1 g/t Au

YARC0024m @ 1.9 g/t Au

Incl. 2m @ 3.2 g/t Au

YARC0179m @ 0.7 g/t Au

Incl. 1m @ 3.8 g/t Au

YARC0412m @ 9.0 g/t Au

Incl. 1m @ 17.5 g/t Au

YARC0441m @ 1.8 g/t Au

YARC0552m @ 7.9 g/t Au

Incl. 1m @ 15.5 g/t Au

YARC0131m @ 1. 1 g/t Au

YAAC3397m @ 185 ppb Au

YARC0164m @ 1.2 g/t Au

Incl. 2m @ 1.8 g/t Au

SignificantHighGradeGoldMineralised

StructureOver 1kmLongOpento theNorth

NEW RC INTERSECTION

PREVIOUS RC INTERSECTION

0 250 500m

Possible follow up RC hole

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TheBigPicture:TheRegionalGreenstonePackageatJatz

YARC0552m @ 7.9 g/t Au

Incl. 1m @ 15.5 g/t Au

YAAC37311m @ 144 ppb Au(BOH Basement)

YAAC2331m @ 1.1 g/t Au

YAAC2519m @ 1.6 g/t Au

Incl. 1m @ 12.5 g/t Au

YARC0017m @ 5.4 g/t Au

Incl. 2m @ 17.5 g/t Au

RITZ PROSPECT

RYVITA PROSPECT

JATZ PROSPECT

YAAC23614m @ 254 ppb Au(BOH Basement)

RC DRILLING INTERSECTION

AIRCORE INTERSECTION

0 0.5 1km

Drillhole Max. Gold Downhole (ppb)

E38/2889

YAAC4087m @ 192 ppb Au(BOH Basement)

LE SNAK PROSPECT

YAAC3854m @ 457 ppb Au

Incl. 1m @ 1.6 g/t Au(BOH Basement)

YAAC4574m @ 269 ppb Au

YAAC4411m @ 219 ppb Au

YAAC4788m @ 375 ppb Au

YAAC4831m @ 315 ppb Au

YARC0179m @ 0.7 g/t Au

Incl. 1m @ 3.8 g/t Au

YARC0412m @ 9.0 g/t Au

Incl. 1m @ 17.5 g/t Au

2m @ 7.9 g/t Au Incl. 1m @ 15.5 g/t Au

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Holleton ProjectEffectiveProjectGenerationatWork

§ Acquisitioncostsnegligible:applicationfeesonly.

§ EarlyworkdonebyIndependenceGroupNLin2008/09.

§ Multiple>100ppbsoilanomaliesprovidingapipelinetargets.

§ “Walkupdrilltargets”includetheBrahmagoldprospect,a2.5kmlonggoldinsoilanomaly withextensivegoldanomalisminaircore drilling.

§ Numerousothertargetsamenabletocheapexplorationtesting.

§ A“FreeHit”frompreviouswork.

§ Landaccesstalksatadvancedstage

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§ Coherentgoldinsoilanomaly2.5kminstrike.

§ Confirmedbyaircoredrilltraversesalongtheentirestrikelength.

§ Onlythreedeeperholesdrilledandallthreereturnedsignificantgoldanomalism.

BrahmaUnfinishedBusiness

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BrahmaUnfinishedBusiness

§ Basementmineralisationproven.

§ Scalepotentialevident.§ Moredrillingrequired.F

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n Jatz:FollowupRCdrillingatJatztofollowuphighgraderesults:

Heritageclearances COMPLETE

POWapprovals COMPLETE

Drilling COMMENCINGASAP

n Ryvita,LeSnak andRitz:Followupaircore drillingtodelineatethestrikeextentofthetargetsandbuildtheexplorationpipeline.

n Holleton:Aircore anddeeperRCdrillingtocommenceASAPoncelandaccessagreementsandPOW’sareinplace.

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Montezumaiswellfundedandstrategicallypositionedforarecoveringcommoditiesmarket…

§ Strongfinancialposition– cashandinvestments.§ Strongcashposition.§ Significantliquidinvestmentsinlistedentities.§ Lowcoststructure.§ Tightcapitalstructure.

§ Experiencedboardandmanagementteam.§ Historyoftransactionalandtechnicalsuccess.§ Existingassetspresentexcitingpotentialforexplorationsuccess.

§ Yamarna – GOLD:followuponhighgradegoldpositions.§ Holleton – GOLD:verycheapacquisition,veryexcitingpotential.§ Other:MANGANESE,COPPER,NICKELetc.- apipelineforfuturegrowth.

2017Vision

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MontezumaMiningCompanyPhone:+61863151400Facsimile:+6189486709331VentnorAvenue,WestPerthWA6005POBox910,WestPerthWA6872www.montezuma.com.au

JustinBrownExecutiveDirectorP:+61-863151400E:jbrown@montezuma.com.au

Contact

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Questions

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Competent person

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n TheinformationinthisreportthatrelatestoExplorationResults,MineralResourcesandMineralReservesisbasedoninformationcompiledbyMrJustinBrownwhoisamemberoftheAustralasianInstituteofMiningandMetallurgy.AtthetimethattheExplorationResults,MineralResourcesandMineralReserveswerecompiled,MrBrownisanemployeeofMontezumaMiningCompanyLtd.MrBrownisageologistandhassufficientexperiencewhichisrelevanttothestyleofmineralisationandtypeofdepositunderconsiderationandtotheactivitywhichheisundertakingtoqualifyasaCompetentPersonasdefinedinthe2012editionofthe‘AustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves’.MrBrownconsentstotheinclusionofthisinformationintheformandcontextinwhichitappearsinthisreport.

n Pleasenotewithregardtoexplorationtargets,thepotentialquantityandgradeisconceptualinnature,thattherehasbeeninsufficientexplorationtodefineaMineralResourceandthatitisuncertainiffurtherexplorationwillresultinthedeterminationofaMineralResource.

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