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Market: ASX:MZM
52-week High/Low: A$0.35 / A$0.13
Sector: General Mining - Gold
Market Cap: A$22.54M
Montezuma Mining Company Ltd

Montezuma Mining Company Ltd

Montezuma Mining Company Ltd (ASX:MZM) is a diversified explorer primarily focused on manganese, copper and gold.

Montezuma Mining Company Ltd

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Big picture - Why invest in Montezuma Mining Company Ltd

Montezuma Mining Company Ltd Snapshot

Montezuma holds a number of multi-commodity exploration and mining tenements in Western Australia. The Company's primary focus is on its 100% owned Yamarna Gold Project which is located along strike from recent multi-million ounce discoveries by Gold Road Resources as well as the 100% owned Holleton Gold Project, located approximatly 400km east of Perth.

Montezuma also owns a large manganese resource at its 100% owned Butcherbird Project, has high grade nickel sulphide potential at the Green Dam Project, and has a pipeling of business development activities ongoing in France.

Yamarna (MZM 100%)

The Yamarna Project comprises two granted exploration licences and one licence under application, with the principal target zone located along strike from the recent 6.2 million ounce gold discovery at Gruyere by Gold Road Resources Ltd ("GOR").
In early 2015, an agreement signed with the Yilka native title claimants allowed the primary Yamarna Project Exploration Licence E/2889 to be granted and the first exploration to commence since the late 1990's, when exploration by WMC comprised soil sampling as part of a broader regional survey. The tenement was sampled on a 1,600m x 200m grid, with infill to 400m x 200m around areas of gold anomalism.

Subsequent infill sampling by Montezuma confirmed the soil anomalies and justified follow up aircore drilling in mid 2015.  Several phases of follow up aircore geochemcial drilling (blade refusal) identified a 1.5km long basement hosted high tenor gold anomaly at the Jatz Prospect as well as a number of additional anomalies which still require follow up work the the Ryvita, Le Snak and Ritz Prospects.

The widespread and high grade tenor of the results prompted the immediate commencement of follow up RC percussion test the potential for economic gold mineralisation. This is currently underway with results pending.

Holleton (MZM 100%)

The 100% owned Holleton Project comprises exploration licence E77/2334 which covers approximately 115 km2 of the Holleton Greenstone Belt, located approximately 400km east of Perth.

Previous exploration by Independence Group NL included a broad regional surface geochemical programme that defined numerous gold anomalies across an area of poorly exposed greenstones comprised mostly of meta-basalts with minor schist, pegmatite and granite. Follow-up drilling across these anomalies was typically first-pass in nature with many intersections left open.

The best of the historic results is at the Brahma Prospect  (“Brahma”) where a >2.5km long, >50ppb Au in soil anomaly was defined and subsequently followed up with shallow aircore drilling which confirmed a strong basement anomaly. Three diamond drillholes in a confined area of the anomaly represent the only holes drilled to deeper than 40m. The best intersections at Brahma include 73m @ 0.3 g/t Au (including 4m @ 1.6 g/t Au and 1m @ 7.6 g/t Au) however all three diamond holes returned broad mineralised intervals.

Numerous other intersections greater than 100ppb Au remain open along the length of the soil anomaly and Montezuma plans to re-commence exploration at Holleton upon execution of an access agreement with the land holders.

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Last updated 26th August 2016.

Seamus Cornelius

Seamus Cornelius brings 21 years of corporate experience in both legal and commercial negotiations. Mr Cornelius has been based in Shanghai and Beijing since 1993 where he has been living and working as a corporate lawyer. From 2000 to 2010, Mr Cornelius was an international partner with one of Australia’s leading law firms and specialised in dealing with cross border investments, particularly in the energy and resource sectors. Mr Cornelius has for many years advised large international companies on their investments in China and in recent years advised Chinese state owned entities on their investments in natural resource projects outside China, including Australia.

Justin Brown
Executive Director

Justin Brown is a geologist with extensive experience in minerals exploration in Australia and New Zealand. He has a strong technical background with experience in the full spectrum of mineral exploration and mining from grass roots target generation through to resource mining and mine production. Justin's successful career in the mining industry culminated in a position managing exploration for a large multinational company in the Leonora, Edjudina and Marvel Loch regions of Western Australia. Since leaving mineral exploration to pursue other business interests, Justin has founded and operated a successful internet services consultancy, developing and enhancing his management expertise which he now brings to the Company.

John Ribbons
Non-Executive Director

Mr Ribbons is an accountant who has worked within the resources industry for over fifteen years in the capacity of company accountant, group financial controller or company secretary. Mr Ribbons has extensive knowledge and experience with ASX listed production and exploration companies. He has considerable site based experience with operating mines and has also been involved with the listing of several exploration companies on ASX. Mr Ribbons has experience in capital raising, ASX and TSX compliance and regulatory requirements.

Last updated 26th August 2016.

31 Ventnor Avenue
West Perth WA 6005

PO Box 910
West Perth WA 6872

: +61 8 6315 1400
Fax: +61 8 9486 7093

Justin Brown - Executive Director
John Ribbons - Non-Executive Director
Seamus Cornelius - Chairman

John Ribbons

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Montezuma Mining Company Ltd Timeline

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