Slide 1: ASX Announcement 5th October 2021
ASX ANNOUNCEMENT 5th October 2021 Peel Mining Limited (ASX:PEX) is pleased to advise that Managing Director Rob Tyson will deliver an investor presentation at the NWR Virtual Resources Series today, Tuesday 5th October 2021. Details of how investors and interested parties can register to attend are
Slide 2: Defining Cobar's Next Copper Development Company
DEFINING COBAR’S NEXT COPPER DEVELOPMENT COMPANY NWR RESOURCES SERIES INVESTOR PRESENTATION 2021
Slide 3: Disclaimer
DISCLAIMER This presentation may contain certain statements and projections provided by or on behalf of Peel Mining Limited (“Peel”) with respect to the anticipated future undertakings. These forward-looking statements reflect various assumptions by or on behalf of Peel. Accordingly, these statement
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Capital Structure - ASX: PEX 1 Year Share Price Performance Shares on issue: 418 million Options/Rights (Directors/Staff): 12.7 million Market cap (@ $0.24/sh): $102 million Cash (June Q): $16.8 million Substantial Shareholders Board & Management Hampton Hill Mining NL and Assoc.
Slide 5: World Class Metal's Address
WORLD CLASS METAL’S ADDRESS Cobar Basin Metal Endowment Copper 2.5 Mt Gold 6.5 Moz Silver 148 Moz Lead 2.8 Mt Zinc 4.8 Mt Source: Cobar Basin Metal Endowment (Recovered or Current Resource Inventory) - Cobar Deposits Structural Control Vladimir David Mar 2019 ASX: PEX I www.peelmining.com.au 4
Slide 6: Copper's Time Is Now
COPPER’S TIME IS NOW Supply side • Average mined head grade has fallen from ~0.75% in 2003 to ~0.55% in 2018 • Exploration costing more to find less: ▪ 1990-2008 yielded 993 Mt Cu ▪ 2009-2019 yielded 103 Mt Cu • Forecast deficit of up to 8Mtpa by 2030 Demand side • Global de-carbonisation and electr
Slide 7: Copper First
COPPER FIRST Consolidation Delivers Resource Growth and Copper Ag - 15% Ag - 18% Zn - 26% Zn - 35% Pb - 10% Metal Pb - 11% Metal Exposure / Exposure Relative July 2020 Growth July 2021 Au - 9% Au - 10% Cu - 27% Cu - 39% See Page 18 for information regarding Metal Exposure/Growth ASX: PEX I www.peelm
Slide 8: Copper First
COPPER FIRST Consolidation Delivers Resource Growth and Copper Peel’s Cobar Resources Tonnes Min Style Deposit Cu % Zn % Pb % Au g/t Ag g/t (kt) Cu-Rich Mallee Bull 6,760 1.8 0.6 0.6 0.4 31 Cu-Rich May Wirlong Day 1,070 ? 0.0 ? 0.7 - 0.5 - 1.0 - 26 ? Zn-Pb-Ag-Au- Rich Southern May Day Nights 4,140 1
Slide 9: Copper First Processing Hub Concept
COPPER FIRST PROCESSING HUB CONCEPT Define Critical Mass to Support a Substantial Standalone Operation CONSOLIDATION AND CONTROL OF ASSETS Wirlong Cu-Ag • 100% ownership of entire Cobar Basin Assets including; Wagga Tank, Southern Nights, Mallee Bull, May Day Mallee Bull May Day and Wirlong Deposits
Slide 10: Copper First Processing Hub Concept
COPPER FIRST PROCESSING HUB CONCEPT Processing Hub Study • GR Engineering completed a conceptual polymetallic mill design • Variable deposit geo-metallurgy requires milling flexibility • Conceptual mill to have ability to process all ore styles; utilise gravity, (sequential) sulphide flotation and c
Slide 11: Wirlong – Peel's Next Copper Resource
WIRLONG – PEEL’S NEXT COPPER RESOURCE Drilling for a Maiden High-Grade Copper Resource Underway LOCATION • 75km South of Cobar; 40km to May Day; 40km to Mallee Bull DEPOSIT SUMMARY • Classic Cobar-style Cu-Ag deposit analogous to the CSA mine • Strong Cu mineralisation commences at ~60m below surfac
Slide 12: Wirlong – Peel's Next Copper Resource
WIRLONG – PEEL’S NEXT COPPER RESOURCE RESOURCE DEFINITION DRILL RESULTS INCLUDE: • 9m @ 4.33% Cu, 14g/t Ag from 181m • 11m @ 3.52% Cu, 16g/t Ag from 207m • 14m @ 3.11% Cu, 16g/t Ag from 210m • 7m @ 5.78% Cu, 19g/t Ag from 249m • 15m @ 3.80% Cu, 17g/t Ag from 255m • 17m @ 4.00% Cu, 12 g/t Ag from 269
Slide 13: Wirlong – An Elephant in Sight?
WIRLONG – AN ELEPEHANT IN SIGHT? Geophysics, Geochemistry and Structures Point to a Large Mineral System 4km 3D Inversion Modelling of Total Magnetic Intensity ASX: PEX I www.peelmining.com.au 12
Slide 14: Mallee Bull's Time to Shine
MALLEE BULL’S TIME TO SHINE One of Oz’s Highest-Grade Undeveloped Copper Deposits LOCATION • 100km South of Cobar; 50km to Wagga Tank-Southern Nights • Situated on 20,000-acre pastoral lease owned by Peel DEPOSIT SUMMARY • JORC Inferred and Indicated Resource July 2017 (1.0% CuEq cutoff) • 6.8Mt @ 1
Slide 15: Mallee Bull Copper Resource
MALLEE BULL COPPER RESOURCE High-Grade Copper Core Highlights the Cobar Prize RESOURCE INFILL DRILL RESULTS INCLUDE: • 25m @ 4.18% Cu, 24g/t Ag from 361m • 21m @ 2.03% Cu, 38g/t Ag from 319m • 36m @ 3.55% Cu, 72g/t Ag from 345m • 20.7m @ 2.28% Cu, 44g/t Ag from 390.3m • 24.7m @ 4.33% Cu, 33g/t Ag fr
Slide 16: Southern Nights-Wagga Tank
SOUTHERN NIGHTS-WAGGA TANK A Camp-scale VMS system LOCATION • 150km South of Cobar; 40km to May Day; 50km to Mallee Bull DEPOSIT SUMMARY • JORC Inferred and Indicated Resource March 2020 ($80/t NSR cutoff) • 4.95Mt @ 5.0% Zn, 2.0% Pb, 78 g/t Ag, 0.3% Cu, 0.4 g/t Au • Zn-Pb-Ag-Au-Cu VMS-style deposit
Slide 17: Southern Nights-Wagga Tank
SOUTHERN NIGHTS-WAGGA TANK Extensive High-Grade System – Open Along Strike and Down Dip Open Open Open Open Open Open Open ASX: PEX I www.peelmining.com.au 16
Slide 18: May Day
MAY DAY Golden Opportunity LOCATION • 100km South of Cobar; 40km to Wagga Tank-Southern Nights; 8km to Mallee Bull DEPOSIT SUMMARY • March 2021 Indicated MRE (using $27/t and $37/t cutoffs for open pit oxide and sulphide; and $80/t for underground) • 1.07Mt @ 1.02g/t Au, 26g/t Ag, 0.74% Zn, 0.5% Pb
Slide 19: Forward Program 2021/22
FORWARD PROGRAM 2021/22 Southern Cobar Project Timetable to Development Decision Mar Q Activity Jun Q 21 Sep Q 21 Dec Q 21 Jun Q 22 Sep Q 22 Dec Q 22 22 Drilling May Day Resource Est Met/Env/Hydro Drilling Wirlong Resource Est Met/Env/Hydro Drilling Mallee Bull Resource Est Met/Env/Hydro Southern Dr
Slide 20: Peel Investment Highlights
PEEL INVESTMENT HIGHLIGHTS A High-Grade Australian Copper Company DRILL CONVERT & DEFINE • ~275 km since listing in 2007 • Convert discovery to mineable resources • ~23 km in 2020 • Define critical mass (Mtpa x mine life) • Studies (Scoping/PFS/DFS) DISCOVER & REDISCOVER DELIVER • Mallee Bull (Cu-Ag
Slide 21: Thank You
THANK YOU FOR MORE INFORMATION CONTACT: info@peelmining.com.au 20
Slide 22: Competent Persons Statements
COMPETENT PERSONS STATEMENTS The information in this report that relates to Exploration Results is based on information compiled by Rob Tyson who is a fulltime employee of the company. Mr Tyson is a member of the Australasian Institute of Mining and Metallurgy. Mr Tyson has sufficient experience of
Slide 23: JORC Code Information
JORC CODE INFORMATION Mallee Bull metal equivalent calculations The information in this report includes metal equivalent calculations for Mallee Bull incorporating copper, silver, gold, lead and zinc values. The copper equivalent grades are based on copper, silver, gold, lead and zinc prices of US$5
Slide 24: JORC Code Information – Mallee Bull Resource Table
JORC CODE INFORMATION Mallee Bull Resource Table July 2017 Grade Contained Metal Cutoff Resource Tonnes Domain CuEq Cu Pb Zn CuEq Cu Au Pb Zn CuEq Category (Kt) Ag g/t Au g/t Ag Moz % % % % kt kt koz kt kt HW Indicated 270 3.08 0.10 51 0.22 2.30 4.00 8.3 0.3 0.44 1.9 6.2 11 Pb/Zn Inferred 150 2.0 0.
Slide 25: JORC Code Information – Wagga Tank-Southern Nights Resource Table
JORC CODE INFORMATION Wagga Tank-Southern Nights Resource Table March 2020 Southern Nights Mineral Resource Estimate Resource Tonnes Zn Pb Ag Cu Au Classification (Kt) (%) (%) (g/t) (%) (g/t) Indicated 2,540 5.90 2.30 88.9 0.19 0.33 Inferred 1,600 3.7 1.4 59 0.3 0.3 Total Resource 4,140 5.0 2.0 77 0
Slide 26: JORC Code Information – May Day Resource Table
JORC CODE INFORMATION May Day Resource Table December 2020 COMBINED MAY DAY INDICATED MINERAL RESOURCE ESTIMATES (ROUNDED) Cut off Tonnes Au Ag Zn Pb $NSR Kt g/t g/t % % Oxide $27/t 510 1.03 20.4 - - Open Pit Sulphide $37/t 390 1.00 28.2 1.31 0.84 Subtotal 900 1.02 23.8 0.57 0.36 Underground (Sulphi