Lunnon Metals Limited · ASX:LM8
Lunnon Metals — Paydirt Australian Nickel Conference 2021
19 slides from Lunnon Metals's conference presentation, Oct 5, 2021
Slide 1: Paydirt Australian Nickel Conference
LUNNON METALS LIMITED ABN: 82 600 008 848 PAYDIRT AUSTRALIAN NICKEL CONFERENCE For personal use only 5th October 2021 BOARD/MANAGEMENT Mr Liam Twigger NON-EXECUTIVE CHAIRPERSON Presentation Mr Ian Junk NON-EXECUTIVE DIRECTOR Lunnon Metals Limited Managing Director, Ed Ainscough, will be presenting t
Slide 2: Right Team, Right Address, Right Assets, Right Timing
RIGHT TEAM >100yrs combined experience in district and commodities For personal use only RIGHT ADDRESS Globally significant nickel & gold camp 28 RIGHT ASSETS Ni th 5 October 2021 Under-explored, missed last Ni boom, 79 no modern exploration for >25 yrs Paydirt Australian Nickel Au Conference 2021 R
Slide 3: Important Notice & Disclaimer
Important Notice & Disclaimer For personal use only This material in this presentation has been prepared by employees of Lunnon Metals Ltd (“LM8” or the “Company”) on its behalf. This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or publ
Slide 4: Corporate headlines
Corporate headlines For personal use only Capital structure Board & Management Shares on issue (#M) 141.2 - direct experience - commodity / assets / location St Ives (GFI) (#M) 44.7 Share price (04/10/21) ($) 0.43 Market capitalization ($M) 60.7 Cash – June 30 2021 ($M) 14.0 Tightly held register To
Slide 5: Globally significant district
Globally significant district For personal use only The right address..... • Kambalda • 1.6Mt nickel metal mined, > 54Mt of ore since 1966 (at 3.1% Ni) • ~15 Moz of gold sold since 1980 • LM8 owns two mines that produced > 90 kt Ni • No meaningful nickel exploration since mid 1990s • Multiple Ni tro
Slide 6: Foster & Jan – proven producers
Foster & Jan – proven producers Foster Mine (decline & shaft) – closed ‘94 For personal use only Site played host to a >30kt nickel new WMC gold mill metal produced at St Ives in 1987 Relatively shallow depth ~ 560m (vs Otter-Juan at 1,300m) 665m >60kt nickel metal produced OPEN Jan Shaft – closed ‘
Slide 7: First Phase RC Success
First Phase RC Success East Cooee – H/W^ For personal use only 382000mE 386000mE • 9.0 metres (8.7 mTW) @ 1.66% Ni ( 113 m) 6532000mN including 6532000mN Warren Shoot Foster Portal • 1.0 m @ 7.44% Ni (113 m); 211kt @ 3.1% Ni • N @ 1.31% Ni (130 m) 8.0 metres (7.8 mTW) (6,400t Ni) including LEGEND •
Slide 8: East Cooee – multiple sources of Ni
East Cooee – multiple sources of Ni For personal use only Line of Cross Section (Slide 8 RIGHT) East Cooee H/W surfaces East Trough Between 200m and 400m between East Trough and H/W 7
Slide 9: East Cooee – a new system
East Cooee – a new system East Cooee – H/W – Cross Section For personal use only East Trough Long Projection • Historical WMC drilling is interpreted to have clipped the prospective channel/trough setting – so plunge is open • DHTEM and follow up diamond drilling to target any 8 off-hole plate(s) 8
Slide 10: Foster Mine - 39,000 tonnes in JORC'12
Foster Mine - 39,000 tonnes in JORC’12 For personal use only 3 pathways to growth • Surface drilling • RC to 250-300m • DD for deeper conceptual targets • +/- DHTEM • Historical drill core programme • Dewater and future mine re-entry and UG DD JORC 2012 Resource (>1% Ni L.C.O.) Deposit Mt % Ni Ni kt
Slide 11: Historical Drill Core Retrieval programme
Historical Drill Core Retrieval programme For personal use only Stds/blanks Access 350km inserted, density of core, check measured, logging, metallurgical duplicate characterisation, sample/assay Establish RPEEE criteria QAQC checks for reporting as per JORC 2012 requirements Cross reference with Hi
Slide 12: Years of detailed geology records
19 years of detailed geology records For personal use only • All 3D registered • Over 430 individual plans/sections • >3 km of strike and 800 m depth coverage at Foster • >500 m depth and full E-W & N-S X/secs at Jan • Foundation to all LM8 interpretation & JORC’12 estimations • Fact based…… 11
Slide 13: Goals of the Programme
Goals of the Programme For personal use only • Previous successfully applied at Foster South • 690m BGL, 300m south of Foster Decline • Resulted in 16kt nickel metal* • Objectives for Foster: • If results warrant, REGULARLY add to existing Mineral Resource underground • Facilitates the RPEEE test fo
Slide 14: Nickel sulphides – central to Kambalda
Nickel sulphides – central to Kambalda For personal use only Production: Pre-WMC sale vs Total Life of Mine to date 4.3% 4.1% 3.9% 342 3.7% 203 3.5% Ni % 3.3% 101 467 674 3.1% 2.9% 91 196 2.7% 2.5% 2.3% 75 175 275 375 475 575 675 775 Nickel metal (kt) IGO – Long Shaft MCR – Widgie/Nth Kamb PAN – Lan
Slide 15: Nickel sulphides ~ charging up
Nickel sulphides ~ charging up..... For personal use only • New BHP - Tesla supply deal announced 22nd July 2021 • BHP sells ~80% of its nickel into the EV battery sector* • “Demand for nickel in batteries is estimated to grow by over 500 per cent over the next decade…”* • Nickel West has off-take p
Slide 16: Lunnon's Kambalda Playbook
Lunnon’s “Kambalda Playbook” For personal use only • Deep • World • No • Global drive Significant opportunity Poised for the next cycle Aggressive discovery program Nickel key forward facing metal knowledge of renowned meaningful for net zero project nickel district exploration emissions for >25 yrs
Slide 17: Contact Us
Contact Us For personal use only Suite 5/11 Ventnor Avenue West Perth, WA 6005 PO Box 470 West Perth WA 6872 Tel: (08) 9226 0887 www.lunnonmetals.com.au Driller, Jack Lunnon (far right) overlooking Lake Lefroy from north side of Red Hill: with local and WMC dignitaries at site of KD1, discovery hole
Slide 18: Appendices – Mineral Resource Statement
Appendices For personal use only Mineral Resource Statement Foster Mine Indicated Inferred Total Cut-off Shoot Tonnes % Ni Ni metal Tonnes % Ni Ni metal Tonnes % Ni Ni metal (Ni %) 85H 1% 387,000 3.3 12,800 300,000 1.3 3,800 687,000 2.4 16,600 Foster 1% 223,000 4.7 10,500 116,000 4.8 5,500 340,000 4
Slide 19: Competent Persons Statement
Competent Persons Statement Mineral Resources For personal use only The information in this presentation that relates to geology, nickel mineralisation and Mineral Resources is based on and fairly represents information compiled and reviewed by Mr. Aaron Wehrle, who is a Member of the Australasian I
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