Hammer Metals Limited · ASX:HMX
Hammer Metals — Blue Ocean Equities – NSW and QLD Mining Day (February 2025)
25 slides from Hammer Metals's conference presentation, February 2025
Slide 1: Highly Leveraged to Active Drilling Programs in Copper & Gold in 2025
Highly Leveraged to Active Drilling Programs in Copper & Gold in 2025 Large copper equivalent resource base in north-west Queensland New JV’s with major miners – funded for FY25 and beyond Multiple large-scale copper-gold targets to be drilled Dan Thomas, Managing Director Blue Ocean Equities
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement The announcement of this presentation on the ASX platform has been authorized by Daniel Thomas, It confirms that it is not aware of any new information or data that materially affects the information included Managing Director, Hammer Metals Limited in thos
Slide 3: Exploring two of the world's great metal provinces
Exploring two of the world’s great metal provinces MOUNT ISA PROVINCE One of the world’s 1 4 largest base metal provinces Dominant position in Mount Isa – one of Team that has made world Australia’s most prospective copper class mineral discoveries provinces (~3,000sqkm) 2 5 YANDAL GOLD MOUNT ISA Bu
Slide 4: Corporate Snapshot
888M $27.5M $2.7M Corporate Snapshot | ASX:HMX Shares on issue ASX: HMX Market Cap At $0.031 (3 Feb 2025) Cash As at 31 Dec 2024 Board and management with a track record of success $25M 26.5 M Unlisted Options $3.3m Enterprise Value Av. Ex Price $0.069; brings in Listed Equity additional ~$1.8m Inve
Slide 5: Four New JV's Secured in 2024 – Global Mining Partnerships
Four New JV’s Secured in 2024 – Global Mining Partnerships Hammer entered four new joint ventures, expanding its exploration capacity and maximizing the opportunity for success – drilling on all four target areas in 2025 www.hammermetals.com.au 5
Slide 6: Mount Isa Projects
Mount Isa Projects Queensland Hammer is committed to increasing its existing inventory of >530,000 tonnes of copper equivalent metal* Dual-track strategy to become a copper developer: Discover additional copper and gold near existing JORC Resources Explore for standalone large-scale Iron Oxide
Slide 7: Bullrush IOCG System – JV with Sumitomo Metal Mining
Bullrush IOCG System – JV with Sumitomo Metal Mining SMMO earning up to an 80% IOCG TARGET interest by funding a Pre-Feasibility Study – Hammer retains the rights to keep a 40% interest in the project. All targets sit below cover (100- 250m) in a proven copper-fertile intrusive - a key component
Slide 8: Isa Valley – 'Isa-Style' Lead-Zinc with South32
Isa Valley – “Isa-Style’ Lead-Zinc with South32 Targeting large-scale Mount Isa-style sediment-hosted lead-zinc-copper discoveries Located in an analogous geological setting to the Mount Isa Deposit Coincident soil anomaly located above a high-ranking EM anomaly Provides South32 with an optio
Slide 9: Landmark Transaction with Carnaby Resources
Landmark Transaction with Carnaby Resources Total consideration of up to $20 million for sale of up to 70% of 3 sub-blocks (~9km2) Initial payments comprised $4 million in cash and $5 million in Carnaby shares A further $5 million in cash will be payable to Hammer upon a decision to mine A fin
Slide 10: Lady Jenny Mining Lease Option
Lady Jenny Mining Lease Option Hammer has secured an option to purchase an 80% interest in the granted Lady Jenny Mining Leases, strategically located near Hammer’s defined JORC Mineral Resources within its broader Mount Isa copper-gold portfolio Previously mined for copper oxide ore that was tr
Slide 11: Tourist Zone – Promising Copper-Gold Prospect (100% HMX)
Tourist Zone – Promising Copper-Gold Prospect (100% HMX) Tourist Zone was initially drilled by Hammer Metals in late 2023 with significant intercepts including: 30m at 0.8% Cu and 0.24g/t Au from 121m in HMTZRC001 including 15m at 1.13% Cu and 0.24g/t Au; and 12m at 1.14% Cu and 0.18g/t Au fro
Slide 12: Multiple EM Conductors at Mascotte and Revenue (100% HMX)
Multiple EM Conductors at Mascotte and Revenue (100% HMX) Highly encouraging EM conductors identified at Mascotte and Revenue Mascotte EM conductors located close to Hammer’s recent drilling at Mascotte and Mascotte Junction, where previous drilling has intercepted: 53m at 1.55% Cu and 0.52g/t
Slide 13: Kalman – Our Cornerstone Asset (100% HMX)
Kalman – Our Cornerstone Asset (100% HMX) Updated JORC Resource Delivered: 420kt of Cu Equivalent Metal Indicated and Inferred Mineral Resource Estimate1 of 39Mt @ 0.53% Cu, 0.27g/t Au, 0.10% Mo, 2.1g/t Re (39Mt at 1.1% CuEq Rec) Open pit material represents 71% of the MRE (27.7Mt at 0.90% Cu Eq
Slide 14: Kalman – A Critical Minerals Development Opportunity
Kalman – A Critical Minerals Development Opportunity Molybdenum was added to Australia’s list of critical minerals in December 2023 Kalman is one of two significant Molybdenum dominant projects in Australia Uses and applications for Molybdenum include stainless steel utilised in turbine applicat
Slide 15: Yandal Gold Project
Yandal Gold Project Western Australia Highly prospective, under-explored land package in the heart of the highly prospective Yandal Gold Belt 260km2 tenement position Proximal to existing multi-million-ounce resources including the 4Moz Bronzewing1 gold mine & 1.1Moz Orelia gold deposits Maide
Slide 16: North Orelia – Shallow Gold Prospect
North Orelia – Shallow Gold Prospect Yandal Gold Project Mineralisation outlined over a 2km strike length within multiple structures Initial metallurgical test work completed for the North Orelia gold deposit. Average gold recoveries of 94% (range 90% to 96%) achieved during initial metallurgical
Slide 17: Hammer Metals: Positioned for Growth and Success
Hammer Metals: Positioned for Growth and Success 1 2 3 4 JORC Equivalent Resources in High-impact exploration Committed to replicating past excess of >530kt* of Copper Multiple high-grade copper-gold programs partnered with major success in one of Australia’s most Equivalent Metal with Resource targ
Slide 18: Contact
Contact Daniel Thomas, Managing Director daniel@hammermetals.com.au ASX:HMX @HammerMetals 28-30 Mayfair Street West Perth WA 6005 Phone: +61 8 6369 1195 www.hammermetals.com.au www.hammermetals.com.au 18
Slide 19: Kalman – Near-Field Exploration Opportunities
Kalman – Near-Field Exploration Opportunities New high-priority targets defined at Kalman East, South East and North. Soil sampling delineating a new anomalous copper and molybdenum zone of a similar scale to the Kalman system Extensional and in-fill soil sampling has been conducted to the eas
Slide 20: Mount Mascotte
Mount Mascotte Historical Workings from early 1900’s – never drilled. Drilling intercepted a broad zone of mineralisation, likely indicating a south- plunging shoot, with the drill hole terminating in mineralisation. Significant intercepts of: 53m at 1.55% Cu and 0.52g/t Au from 77m in HMMARC008
Slide 21: Bronzewing South – A New Perspective
Bronzewing South – A New Perspective Yandal Gold Project Lightly explored, adjacent to world-class orebody 5km strike length has multiple high-priority targets highlighted by geochemical, geophysical and structural analysis Limited exploration exceeding 100m depth across the property (29 RC/DD h
Slide 22: Kalman Resource Estimate & Notes on Copper Equivalence Calculation
Kalman Resource Estimate & Notes on Copper Equivalence Calculation and Metallurgical Recoveries The Kalman Mineral Resource Estimate was updated in May 2023 in accordance with the JORC Code (2012 Edition). (Refer to the ASX Release dated 8th May 2023 for full details of the Resource Estimate.) The c
Slide 23: Overlander Mineral Resource Estimate; Jubilee Mineral Resource Estimate
Overlander Mineral Resource Estimate Jubilee Mineral Resource Estimate The 100%-owned Overlander Project is situated 60 kilometres to the southeast of the mining centre of Mount Isa in North West The 51%-owned Jubilee Deposit is situated 50 kilometres west of Mount Isa in North West Queensland and 6
Slide 24: Elaine Project Mineral Resource Estimate; Mt Philp Mineral Resource Estimate
Elaine Project Mineral Resource Estimate & Notes Mt Philp Mineral Resource Estimate Copper Eqv Calculation & Metallurgical Recoveries The 100%-owned Elaine Cu-Au deposit is situated on granted exploration licence 14022, approximately 50km east of Mount The Mineral Resource Estimate is based on 48 di
Slide 25: Lakeview Mineral Resource; Orelia North Resource
Lakeview Mineral Resource Orelia North Resource The 100%-owned Lakeview Deposit is situated within EPM26775, approximately 50 kilometres The Orelia North deposit lies within E36/869, which is held by Carnegie Exploration Pty Ltd, a 100%- west of Mount Isa in North West Queensland. owned subsidiary o
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