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KNB 
Koonenberry Gold Limited 
ASX

Investor Presentation

Sentiment:
 Investor Presentation
 6 April 2025 6:22 PM

Koonenberry Gold is focused on discovering gold and copper in New South Wales through active exploration across its Koonenberry, Enmore, and Lachlan projects.

Better than expected
  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. 

Summary
  • Koonenberry Gold is an ASX-listed company (KNB) focused on gold and copper exploration in New South Wales.
  • The company holds a 2,478km2 land package in the Koonenberry Project, considered an underexplored frontier belt with potential extensions of the Western Victorian goldfields.
  • The Enmore Project, covering 302km2, is located 20km south of the Hillgrove Au-Sb Mine and shows potential for bulk tonnage and high-grade gold.
  • Drilling is ongoing at the Sunnyside prospect within the Enmore Project, with 1,630m of a planned 3,000m program completed.
  • Significant intercepts at Sunnyside include 170m @ 1.75g/t Au from 77m, including 18m @ 9.95g/t Au from 172.9m.
  • The Lachlan Project comprises 10 project areas (1,580km2 ELs) in Australia's premier Cu-Au belt.
  • Koonenberry Gold has two active joint ventures at the Junee (20% free carried interest) and Fairholme (51% interest) projects.
  • Newmont is funding a ~11,000m drilling program at the Junee JV project.
  • The company has $6.4M in cash as of December 31, 2024, plus a $2M placement on February 13, 2025.
  • The top 20 shareholders hold approximately 53% of the shares, and the top 50 hold approximately 72% as of March 21, 2025.
Sentiment

Score: 7

Explanation: The sentiment is positive due to promising drill results at Enmore, joint ventures with a major miner like Newmont, and a healthy cash position. However, exploration is inherently risky, and pending assay results introduce uncertainty.

Positives
  • Koonenberry Gold has a strong cash position of $6.4M, allowing for continued exploration activities.
  • The company has experienced management and board members with extensive experience in finance, geology, and exploration.
  • The Enmore Project has shown promising gold intercepts, indicating potential for a significant discovery.
  • The Lachlan Project benefits from joint ventures with Newmont, providing funding and expertise for exploration.
  • The company has a diverse portfolio of projects targeting both gold and copper in prospective regions of NSW.
Risks
  • Exploration is inherently risky, and there is no guarantee of discovering economic mineral deposits.
  • Visual estimates of mineralisation are not a substitute for laboratory assays, which are still pending for recent drill holes.
  • The company's success depends on the results of ongoing drilling programs and the ability to secure additional funding if needed.
  • Joint venture projects are subject to the decisions and priorities of the joint venture partners.
  • The company operates in a remote area, which may present logistical challenges.
Future Outlook

The company plans to continue drilling at the Enmore and Lachlan projects, with ongoing geochemical work to refine drill targets at other prospects.

Industry Context

Koonenberry Gold operates in the Australian gold and copper exploration sector, competing with other companies exploring in NSW's Lachlan Fold Belt and New England Fold Belt. The company's projects are located near significant mines and deposits, indicating the region's prospectivity.

Comparison to Industry Standards
  • The reported intercept of 170m @ 1.75g/t Au at Enmore compares favorably to other gold projects in similar geological settings.
  • The Lachlan Fold Belt is known for significant porphyry Cu-Au deposits, such as Cadia-Ridgeway (Newmont) and Cowal (Evolution Mining), providing a benchmark for Koonenberry Gold's JV projects with Newmont.
  • The company's landholding of 2,478km2 in the Koonenberry Project is substantial, providing ample exploration opportunities compared to other junior explorers.
Stakeholder Impact
  • Shareholders: Positive impact from promising drill results and joint venture activities.
  • Employees: Continued employment and potential for career advancement with exploration success.
  • Local Communities: Potential for economic benefits from future mining operations.
  • Suppliers: Opportunities for providing goods and services to the company's exploration activities.
Next Steps
  • Continue drilling at the Sunnyside prospect within the Enmore Project.
  • Await assay results from recent drill holes.
  • Advance geochemical work to refine drill targets at Queen of Sheba and Lone Hand.
  • Continue drilling at Junee and Fairholme JV projects with Newmont.
  • Advance Breakfast Creek, Prince of Wales, and Dunedoo projects to drill-ready status through geochemical and geophysical surveys.
Key Dates
  • 31/12/2024: Cash position of $6.4M
  • 13/02/2025: $2M placement
  • 21/03/2025: Top 20 shareholders hold ~53% and Top 50 hold ~72% of shares
  • 02/04/2025: KNB returns 170m @ 1.75g/t gold incl. 18.3m at 9.95g/t gold from first drillhole at Enmore Gold Project, NSW
  • 04/04/2025: Share price
  • Apr 2025: Investor Presentation Date
Keywords
Gold, Copper, Exploration, NSW, Koonenberry Gold, Enmore Project, Lachlan Project, Drilling, Joint Venture, 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.
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.
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.
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
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.
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.
Delay expected
21 April 2024 7:02 PM
Project Update
  • Drilling at Atlantis was delayed due to unexpected difficult drilling conditions (hard ground).
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
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.