Hammer Metals Limited · ASX:HMX
Hammer Metals — Investor Presentation (August 2014)
22 slides from Hammer Metals's investor presentation, Jul 31, 2014
Slide 1: Hammer Metals Limited Presentation August 2014
For personal use only HAMMER METALS LIMITED ABN. 87 095 092 158 PRESENTATION August 2014
Slide 2: Corporate Summary (June 2014)
CORPORATE SUMMARY (JUNE 2014) For personal use only Russell Davis Alex Hewlett Nader El-Sayed Patrick Corr Chairman Executive Director Director Director Technical Commercial Finance Legal August 2014 Ordinary Shares 71,005,107 Preference Shares 6,306,405 Unlisted Options @ $0.20 15,300,000 Unlisted
Slide 3: Queensland Portfolio Summary
QUEENSLAND PORTFOLIO SUMMARY For personal use only COPPER + MOLYBDENUM Queensland, Australia 1950Km2 320Km2 Mount Isa Region Mount Morgan Region Golden Peaks HAMMER METALS LTD | 2
Slide 4: Mount Isa Project Overview
MOUNT ISA PROJECT OVERVIEW For personal use only Major land position located in the Mount Isa province “sandwiched” between several major players including; • Glencore Xstrata (Mount Isa, E1, Ernest Henry). • BHP Billiton (Cannington). • Chinova Resources (Osborne, Merlin, Mt Elliott). • CopperChem
Slide 5: Future Growth
FUTURE GROWTH For personal use only Strategy: • Develop a mining hub centred on Kalman. • Define resources within a truckable distance of Kalman. • Focus on base and precious metals in a globally significant mining district; • Consolidate the Mt Isa Mineral Province, focussing on the central trend b
Slide 6: Mount Isa Priority Targets
MOUNT ISA PRIORITY TARGETS For personal use only Objective: To create a mining hub centred on the Kalman deposit. How: To define a number of resources within close trucking distance of Kalman. Priority Targets • Kalman • Serendipity • Overlander • Python • Kalman Andy’s Hill 60Mt Copper/Moly/ • Pind
Slide 7: Kalman Resource
KALMAN RESOURCE For personal use only Kalman Deposit Mineral Resource Estimate (Reported at 0.3% CuEq cut-off above 100m RL and 1.0% CuEq cut-off below 100m RL) Mining Tonnes CuEq Classification Method (t) (%) Inferred Open Pit 22,000,000 1.1 Inferred Underground 8,300,000 1.9 TOTAL 30,000,000 1.3 -
Slide 8: Molybdenum Market
MOLYBDENUM MARKET For personal use only Molybdenum: • A key element used in alloys and stainless steel to enhance strength, corrosion resistance and hardness. • Most supply coming from China and the Americas. • Traded on the LME. • High usage in oil industry for piping to prevent sulfur bonding. HAM
Slide 9: Rhenium Market
RHENIUM MARKET For personal use only Rhenium: • Used in the production of super-alloys for jet engine and satellite parts to allow exposure to extreme high temperatures and pressures. • Produced as a by product of Molybdenum refining. • Largest consumers include GE and Rolls Royce. HAMMER METALS LTD
Slide 10: Kalman (District Hub)
KALMAN (DISTRICT HUB) For personal use only Multiple areas for the current resource to be extended, key areas include; • Northern Fault offset target mineralisation. • High grade Cu open at depth and to South (including 9m @ 20%Cu, 0.47g/tAu from 581m). • High Grade Mo open at depth and to South. •
Slide 11: Kalman High Grade Zones
KALMAN HIGH GRADE ZONES For personal use only • High grade copper-gold: – 7.6m at 23.4% Cu, 0.5g/t Au & 20g/t Ag from 581.65m in K106A – 77m at 1.4% Cu & 1.3g/t Au from 700m in K106A – 25m at 3.8% Cu & 0.94g/t Au from 712m in K106C • High grade molybdenum-rhenium: High Grade Core from Copper-Gold Zo
Slide 12: Overlander
OVERLANDER For personal use only • Preliminary RC Drilling has identified zones of high grade Cu with Co from surface. • 6km of strike. • 6km West of Kalman. • Large IOCG potential. Overlander North + South (Combined) July 2014 Mineral Resource Estimate (0.5% Cu Cut-off) Tonnes Cu Co Cu Tonnes Co To
Slide 13: Overlander
OVERLANDER For personal use only Better drillhole intercepts include: • 14m @ 2.62% Cu from 76m in OVRC003 • 10m @ 1.45% Cu from 63m in OVRC001 • 9m @ 2.58% Cu from 49m in OVRC004 • 7m @ 2.24% Cu from 121m in OVRC012 • 12m @ 1.2% Cu from 31m in OVRC010 • 8m @ 1.41% Cu from 38m in OVRC017 • 7m @ 1.55
Slide 14: Western IOCG Corridor
WESTERN IOCG CORRIDOR For personal use only • Large IOCG System extending from Mt Philp in the North all the way to Andy’s Hill in the South. • Significant Cu, Au and Rare Earth mineralisation in drilling (please refer to IOCG ASX announcement 20/05/2014). • Next step in exploration to best define d
Slide 15: Hammer Time
HAMMER TIME For personal use only • Coincident soil geochemistry (Cu and Au) and IP anomaly. • 3.4km in length and 1km in width. • Prospect crosses the tenement boundary with Glencore Copper. • Glencore actively exploring. HAMMER METALS LTD | 14
Slide 16: Pelican
PELICAN For personal use only • Kalman - style copper-gold in previous drilling. • 3km South of and directly along strike from Kalman. • Open-pit potential. • RC drill results include: – 10m at 1.44% Cu + .37g/t Au from 15.5 in PN211 – 20m at 1.1% Cu & .36g/t Au from 28m in PN250C HAMMER METALS LTD
Slide 17: Pindora South
PINDORA SOUTH For personal use only • Systematic rockchips over 950m averaging 3%Cu and 0.6g/tAu. • 5.5Km South East of Kalman. • Along strike of Pindora copper mine. • RC Drilling proposed to test Cu, Au anomaly. HAMMER METALS LTD | 16
Slide 18: Tiny Boot
TINY BOOT For personal use only • 250m copper gossan at surface. • 1.6Km along strike from Chinalco Ltd’s new discovery “Elaine no 3”. • 5km south of CopperChem Ltd’s Mount Colin. • 25Km North from Kalman. • VTEM survey planned. HAMMER METALS LTD | 17
Slide 19: Mount Morgan Region
MOUNT MORGAN REGION For personal use only Golden Peaks Project • Base metal & gold project located near infrastructure & industrial centres in Central Queensland. • 3 granted tenements over 240km2. • Covers volcanic sequence that hosts world-class 8 million ounce Mount Morgan gold – copper deposit.
Slide 20: Mount Morgan Region
MOUNT MORGAN REGION For personal use only • VTEM survey completed 2013. • Interpretation highlights several conductors. • Follow-up planned when access permitting completed. HAMMER METALS LTD | 19
Slide 21: Disclaimer & Competent Person Statements
DISCLAIMER & COMPETENT PERSON STATEMENTS For personal use only Disclaimer Overlander North + South Resource Estimate This presentation by its nature contains summarised Mr Downing consents to the inclusion in the report of the Where the Company refers to the Overlander North + South information. See
Slide 22: Notes on Copper Equivalence Calculation
NOTES ON COPPER EQUIVALENCE CALCULATION For personal use only Copper equivalent (CuEq) grades were calculated using estimated block grades for Cu, Au, Ag, Mo and Re. The CuEq calculation is based on commodity prices and metallurgical recovery assumptions as detailed in this release. Prices agreed to