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KNB 
Koonenberry Gold Limited 
ASX

Investor Presentation

Sentiment:
 Investor Presentation
 2 February 2025 4:27 PM

Koonenberry Gold is actively exploring for gold and copper in New South Wales, with drilling commencing at multiple projects and a focus on underexplored frontier belts.

Better than expected
  The document highlights significant exploration results, including broad, high-grade gold intercepts at Sunnyside, suggesting better than expected potential.  The commencement of drilling at multiple projects and the joint venture with Newmont indicate a positive outlook and better than expected progress. 

Summary
  • Koonenberry Gold is focused on discovering gold and copper in New South Wales, Australia.
  • The company has a large land package of 2,478km2 in the Koonenberry project area, considered an extension of the Western Victorian goldfields.
  • They also have 1,580km2 of exploration licenses in the Lachlan Fold Belt, a premier copper-gold region.
  • The Enmore project, located 20km south of the Hillgrove gold-antimony mine, shows significant potential with broad, high-grade gold intercepts.
  • Drilling is set to commence in mid-February at the Sunnyside prospect, which has returned intercepts such as 174m @ 1.83g/t Au from surface.
  • The company has multiple other prospects with historic high-grade gold intersections, including Borah, Sherwood, and Queen of Sheba.
  • The Lachlan project includes joint ventures with Newmont at Junee (20% KNB free carried) and Fairholme (51% KNB), with drilling underway at Junee.
  • The Breakfast Creek project shows potential for high-grade copper-gold skarn and porphyry systems, with surface samples returning up to 18.5% Cu and 7.02g/t Au.
  • Koonenberry Gold has $4.4 million in cash as of December 31, 2024, and is well-funded for exploration activities.
  • The company is targeting multiple gold and copper discoveries with consistent news flow expected for investors.
Sentiment

Score: 8

Explanation: The document presents a very positive outlook with strong exploration results, multiple projects, and a joint venture with a major company. The company is well-funded and has a clear strategy for growth. There are some risks associated with exploration, but the overall sentiment is very positive.

Positives
  • The company has a large, underexplored land package in a highly prospective region.
  • There are multiple advanced gold and copper projects with drill-ready targets.
  • The company has a strong management team with extensive experience in exploration and finance.
  • Koonenberry Gold is well-funded with $4.4 million in cash.
  • The company has joint ventures with major players like Newmont, providing access to funding and expertise.
  • There is a pipeline of discovery opportunities with consistent news flow expected.
  • The company is focused on minimizing environmental impact and engaging with stakeholders.
  • The company has a track record of discoveries and is hungry for more.
Negatives
  • The company is in the early stages of exploration, and there is no guarantee of a successful discovery.
  • The projects are located in remote areas, which may present logistical challenges.
  • The company is reliant on joint venture partners for funding and exploration at some projects.
  • Exploration results are subject to laboratory assays, and visual estimates may not be accurate.
  • The company is exposed to the risks associated with exploration, including geological uncertainty and commodity price fluctuations.
Risks
  • Exploration success is not guaranteed, and there is a risk that no economic deposits will be discovered.
  • Commodity prices can fluctuate, which could impact the economic viability of any discoveries.
  • The company is reliant on joint venture partners for funding and exploration at some projects, which could be subject to change.
  • The company operates in a remote area, which may present logistical challenges and increase costs.
  • There is a risk of environmental damage and community opposition to exploration activities.
  • The company is subject to regulatory risks and changes in government policy.
Future Outlook

The company plans to continue exploration activities across its projects, with drilling underway at Junee and planned at other prospects. They aim to advance multiple drill-ready targets and generate consistent news flow for investors.

Management Comments
  • The company is focused on discovery and has a track record of success.
  • The management team is experienced in gold and copper exploration.
  • The company is well-funded for its exploration activities.
Industry Context

The company is operating in a highly prospective region for gold and copper, with several major mining companies also active in the area. The focus on underexplored frontier belts aligns with a broader industry trend of seeking new discoveries in less mature areas.

Comparison to Industry Standards
  • Koonenberry's land package of 2,478km2 in the Koonenberry project area is substantial compared to other junior explorers.
  • The company's focus on the Lachlan Fold Belt, a region known for its large copper-gold deposits like Cadia (Newmont) and Cowal (Evolution Mining), positions it in a highly prospective area.
  • The reported intercepts at Sunnyside (174m @ 1.83g/t Au) are comparable to other significant gold discoveries in the region.
  • The Junee JV project, with over 66,000m of drilling completed, demonstrates a significant level of exploration activity, similar to other advanced projects in the area.
  • The company's joint venture with Newmont is a positive sign, as Newmont is a major player in the region and has a track record of successful exploration and development.
Stakeholder Impact
  • Shareholders are likely to be positively impacted by the strong exploration results and the potential for future discoveries.
  • Employees may benefit from the company's growth and success.
  • Local communities may benefit from the company's commitment to using local suppliers and supporting local economies.
  • Suppliers may benefit from increased business opportunities.
  • Creditors may be positively impacted by the company's strong financial position.
Next Steps
  • Drilling to commence at Sunnyside in mid-February.
  • Continued drilling at the Junee JV project.
  • Geochemical work to refine drill targets at multiple projects.
  • Advancement of multiple drill-ready targets.
  • Field checking of Cu prospective stratigraphy at Delamarian.
  • Geochem and IP surveys to define drill targets at Breakfast Creek, Prince of Wales and Dunedoo.
Key Dates
  • 31/12/2024: Cash balance of $4.4M.
  • 31/01/2025: Share price date for market capitalisation calculation.
  • Feb 2025: Investor Presentation date.
  • Mid-February: Drilling to commence at Sunnyside prospect.
Keywords
Gold, Copper, Exploration, NSW, Drilling, Mineralisation, Porphyry, Skarn, Joint Venture, Lachlan Fold Belt, Koonenberry, Enmore, Newmont
KNB 
Koonenberry Gold Limited 
ASX
Sector: Materials
 
Filings with Classifications
Better than expected
21 May 2025 9:08 PM
Investment Announcement
  • Koonenberry's drilling results at Enmore exceeded expectations, leading to Lion's increased investment.
Delay expected
19 May 2025 6:24 PM
Exploration Update
  • The Phase I drilling campaign is now finished due to extremely wet conditions on site with 10 holes for 3,232.6m completed of a planned 3,000m.
Better than expected
28 April 2025 7:18 PM
Exploration Update
  • The drill results indicate a potentially wide structural corridor with significant gold intercepts, exceeding initial expectations for the area away from the granite-sediment contact.
Better than expected
15 April 2025 7:34 PM
Quarterly Report
  • The drill results at Enmore Gold Project are better than expected, demonstrating potential for both bulk tonnage and high-grade gold mineralization.
Better than expected
13 April 2025 6:49 PM
Exploration Update
  • The second drillhole returned a higher gram metre interval (357.9) than the first drillhole (297.5), indicating improved potential.
Better than expected
6 April 2025 6:22 PM
Investor Presentation
  • The intercept of 170m @ 1.75g/t gold incl. 18.3m at 9.95g/t gold from first drillhole at Enmore Gold Project, NSW is better than expected.
Better than expected
3 April 2025 12:51 AM
Investor Presentation Announcement
  • The assay results of 170m @ 1.75g/t gold from 77m, including 18.3m at 9.95g/t gold from 172.9m are considered better than expected.
Better than expected
1 April 2025 6:57 PM
Exploration Update
  • The assay results from the first drillhole exceeded expectations due to the high-grade intercept and broad zone of gold mineralisation.
  • The results validate historical drill results, indicating potential for broad and high-grade gold zones.
Delay expected
16 March 2025 6:42 PM
Exploration Update
  • The drilling program has been paused for up to one week due to heavy rains associated with ex-Tropical Cyclone Alfred.
Worse than expected
12 March 2025 1:35 AM
Half Year Financial Report
  • The company reported a loss of $925,922 for the half-year ended December 31, 2024, indicating worse than expected financial performance.
Capital raise
12 March 2025 1:35 AM
Half Year Financial Report
  • The company's ability to continue as a going concern is dependent on raising additional funding either through debt or equity to meet its planned exploration programme.
  • The company will be required to raise funds for working capital from debt or equity sources if the above matters are not achieved.
Better than expected
2 February 2025 4:27 PM
Investor Presentation
  • The document highlights significant exploration results, including broad, high-grade gold intercepts at Sunnyside, suggesting better than expected potential.
  • The commencement of drilling at multiple projects and the joint venture with Newmont indicate a positive outlook and better than expected progress.
Better than expected
23 January 2025 6:03 PM
Quarterly Report
  • The company has made transformational acquisitions that have significantly increased the size and potential of its portfolio.
  • The company has reported high grade drilling results at the Enmore project.
  • The company has completed a capital raise and is well funded.
Better than expected
19 January 2025 4:19 PM
Exploration Update
  • The identification of a 4km gold trend and high-grade sampling results are better than expected for an early-stage exploration project.
Better than expected
6 January 2025 5:28 PM
Exploration Update
  • The rock chip results are better than expected, with high grades of gold and copper, confirming the potential for significant mineralization.
Capital raise
29 November 2024 12:31 AM
Securities Quotation Application
  • An additional 450,000,000 shares are to be issued on December 5, 2024.
Capital raise
28 November 2024 11:47 PM
Annual General Meeting Results
  • Approval was granted for a 10% placement capacity.
  • Approvals were given to issue shares related to Enmore, Lachlan, and director placements.
Delay expected
28 November 2024 6:42 PM
Investor Presentation
  • Planned discovery activity is subject to changes due to various factors including regulatory approvals and inclement weather.
Better than expected
28 November 2024 5:22 PM
Annual General Meeting Report
  • The successful acquisition of the Enmore and Lachlan projects significantly expands Koonenberry Gold's exploration portfolio and increases its potential for major discoveries.
Delay expected
26 November 2024 8:41 PM
Securities Issue Update
  • The issue date of the Placement Shares was delayed by one day, from December 4th to December 5th, 2024.
Delay expected
17 November 2024 6:17 PM
Exploration Update
  • The first phase of air core drilling at Atlantis was terminated early due to limitations in the rig configuration and air pressure, preventing the testing of three identified EM conductors and limiting the extent of the surveyed area.
Worse than expected
17 November 2024 6:17 PM
Exploration Update
  • The second phase of drilling at the Atlantis prospect did not yield significant copper or gold intersections, despite the presence of trace amounts of sulphides, indicating that the targeted mineralisation may be located further from the drillholes or at greater depth than initially anticipated.
Capital raise
28 October 2024 7:44 PM
Notice of Annual General Meeting
  • A $4.5 million capital raising (before costs) is planned through a placement of shares.
  • Directors have committed to subscribing for up to $200,000 of the placement.
Capital raise
16 October 2024 7:55 PM
Investment Announcement
  • Koonenberry Gold is undertaking a \$4.5 million capital raising.
Capital raise
16 October 2024 7:20 PM
Investor Presentation
  • A capital raising of at least A$2,000,000 is planned, with commitments already secured for A$4,500,000.
  • The capital raising will fund the acquisition of the Enmore Gold Project and Lachlan Projects.
Capital raise
16 October 2024 6:54 PM
Acquisition Announcement
  • A $4.5 million capital raise via a placement of 450 million new ordinary shares at $0.010 per share.
  • The placement was supported by major shareholder Lion Selection Group and new investor Lowell Resources Fund.
  • Funds will be used for exploration, capital raising costs, and working capital.
Capital raise
14 October 2024 6:49 PM
Trading Halt Announcement
  • A capital raising is planned in association with a material acquisition.
Capital raise
12 September 2024 4:15 AM
Annual Report
  • A share placement and fully underwritten entitlement offer raised $2,352,537 before costs in April 2024.
Delay expected
12 September 2024 4:15 AM
Annual Report
  • Drilling at the Atlantis Prospect was unable to penetrate to planned depths due to hard and silicified ground, resulting in an early termination of the program.
Delay expected
3 September 2024 7:59 PM
Exploration Update
  • A significant rain event forced an early termination of the drill program at Atlantis, resulting in a compromised program with only 6 holes completed instead of the planned 16.
Worse than expected
3 September 2024 7:59 PM
Exploration Update
  • The drilling program was significantly shorter than planned due to unforeseen weather conditions, resulting in fewer drill holes and less data than anticipated.
Delay expected
30 July 2024 7:16 PM
Exploration Update
  • The drill program in June was terminated early due to a significant rain event.
Delay expected
23 July 2024 8:01 PM
Quarterly Report
  • A significant rain event occurred after the reporting period, resulting in demobilisation of equipment and crew, delaying further exploration.
Better than expected
12 June 2024 7:55 PM
Exploration Update
  • The gold zone has been extended to the east and 200m to the south, expanding the gold footprint to over 500m x 400m.
Delay expected
27 May 2024 7:18 PM
Exploration Update
  • The initial drilling program was terminated early due to rig limitations, preventing the testing of the three EM conductors.
Worse than expected
21 April 2024 7:02 PM
Project Update
  • The drilling at Atlantis did not reach the target depth due to difficult ground conditions, which is worse than expected.
Delay expected
21 April 2024 7:02 PM
Project Update
  • Drilling at Atlantis was delayed due to unexpected difficult drilling conditions (hard ground).
Delay expected
19 April 2024 4:14 AM
Rights Issue Results and Revised Timetable
  • The issue and settlement of Rights Issue shares has been revised from the timetable previously announced to the ASX on 8 March 2024.

Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.