White Cliff Minerals Limited · ASX:WCN
White Cliff Minerals — Investor Presentation (March 2013)
19 slides from White Cliff Minerals's investor presentation, Mar 18, 2013
Slide 1: High Impact WA Nickel Sulphide Drilling to Commence Next Month
For personal use only High Impact WA Nickel Sulphide Drilling to Commence Next Month RC rig in action at Lake Johnston during 2012 campaign March 2013
Slide 2: Disclaimer
Disclaimer For personal use only The material in this presentation (“material”) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase, any security in White Cliff Minerals Limited (“WCN”) nor does it form the basis of any contract or commitment. WCN make
Slide 3: Investment Highlights
Investment Highlights For personal use only • High Impact Nickel Sulphide Drilling in Western Australia Commencing Early Next Month – Multiple high impact EM nickel sulphide drill targets identified – 7 EM targets to be drilled in early April 2013 (Lake Percy and Mt Gordon) – 5 EM targets to be dril
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Capital Structure # • Experienced team Shares 186.1M • Tight capital structure Options 116.2m - 6c ex price expiring 30/9/2014 122M • Highly leveraged to exploration success 5.75m - 25c ex price expiring 30/6/2014 Cash (15 March 2013) $1.8M Share Price $0.03
Slide 5: Lake Johnston Nickel Sulphide Project (100%)
Lake Johnston Nickel Sulphide Project (100%) For personal use only • Exploring for nickel sulphide on same West Australian greenstone belt as two significant nickel sulphide mines: • Emily Anne • Maggie Hays • 14Mt @ 1.82% Nickel 5
Slide 6: Nickel Deposits Occur in Clusters – Targeting the Next Nickel Mine at Lake Johnston
Nickel Deposits Occur in Clusters – For personal use only Targeting the Next Nickel Mine at Lake Johnston • Major nickel clusters in Southern Western Australia – Forrestania Cluster – Kambalda Cluster • There should be a nickel cluster at Lake Johnston – Emily Anne Mine – Maggie Hays Mine – More???
Slide 7: Where and How Nickel Deposits Form
Where and How Nickel Deposits Form For personal use only • Ultramafic lava can contain 0.2-0.3% background nickel • Lava flows over sediments containing sulphur • Lava melts the sediments and absorbs the sulphur • Nickel and sulphur form nickel sulphides • Nickel sulphides are heavy and accumulate a
Slide 8: Key Indicators of Nickel Sulphide Deposits?
Key Indicators of Nickel Sulphide Deposits? For personal use only • Nickel sulphide deposits: • White Cliff leases have: – Occur in ultramafic rocks with Extensive ultramafic rocks with high background nickel >0.2% high background nickel >0.2% – Sit on the bottom of lava 40km of Lava channels ch
Slide 9: Lake Johnston: Multiple High Impact Nickel-Copper Targets
Lake Johnston For personal use only Multiple High Impact Nickel-Copper Targets • Multiple High Impact Targets Phase Two drilling early April 2013 – 10+ new conductive targets – Nickel-copper and platinum group soil anomalies associated with all targets • 4 Key Areas of Focus – Mt Gordon (Drilling ea
Slide 10: Phase Two Drilling – Early April 2013
Phase Two Drilling – Early April 2013 For personal use only Lake Percy Mt Gordon Sulphur containing sediment next to ultramafic lava flows Sulphur containing sediment next to ultramafic lava flows Electrical conductors – key drill targets Electrical conductors – key drill targets • Ultramafic rocks-
Slide 11: Lake Percy Nickel Sulphide Drilling – April 2013
Lake Percy Nickel Sulphide Drilling – April 2013 For personal use only • Testing four highly conductive EM targets next month – All on basal contacts (good) – All with associated Ni/Cu soils (better) – 1000 metres/4 holes RC – drilling early April 2013 +100 ppm Copper in soil • New soil geochemistry
Slide 12: Mt Gordon Nickel Sulphide Drilling – April 2013
Mt Gordon Nickel Sulphide Drilling – April 2013 For personal use only • Testing three highly conductive EM targets next month Sulphur containing sediment next to ultramafic lava flows – All on basal contacts (good) – All with associated Ni/Cu soils (better) – 1,000 metres/4 holes RC – drilling early
Slide 13: Phase Three Drilling - Mid 2013
Phase Three Drilling - Mid 2013 For personal use only • Bremer Range – Refine EM conductors – Coincident nickel-copper soils • Mt Glasse – Refine EM conductors – Confirm Ni/Cu and platinum group soil anomalies 13
Slide 14: North Bremer Range – Nickel Sulphide Targets
North Bremer Range – Nickel Sulphide Targets For personal use only • Basal Ultramafic Contact – Associated sediment (BIF - sulphur source) – Background Ni >0.2% • Strong Soil Anomalies – Nickel +400 to 800 ppm – Copper +80 ppm • Planned Exploration: – Electromagnetic survey (underway) – Follow up dr
Slide 15: South Bremer Range – Nickel Sulphide Targets
South Bremer Range – Nickel Sulphide Targets For personal use only • Basal Ultramafic Contact – Associated sediment (BIF-sulphur source) – Background Ni > 0.2% • Four Strong Conductors Old single component – Requires 3 component EM EM surveys survey • Planned Exploration: – New EM survey underway –
Slide 16: Mt Glasse Nickel Sulphide Targets
Mt Glasse Nickel Sulphide Targets For personal use only • Basal Ultramafic Contact – Associated sediments (BIF/Felsic - sulphur source) – Background Ni > 0.2% • Three strong EM conductors – Requires follow up EM survey • Old drill results including: Old drill results – 4m at 1.3% Ni and 330 ppm Cu –
Slide 17: Mt Glasse Nickel Sulphide Targets
Mt Glasse Nickel Sulphide Targets For personal use only • Strong soil anomalies – On basal contact – Felsic sediment – Nickel + 400 - 1200 ppm – Copper > 80 ppm – Platinum-Palladium >50ppb • Planned Exploration: – New EM survey underway – Ni-Cu-Pt soil sampling -done – Follow up drilling (1,000m) 17
Slide 18: Investment Summary
Investment Summary For personal use only • Fully funded and highly • Phase Two Exploration leveraged to exploration success – Drilling early April 2013 (2,000m) • Multiple EM Conductors – EM surveys (50 line km) – Basal ultramafic contacts – Soil sampling (100 line km) – Associated sediments/felsic
Slide 19: For personal use only
For personal use only Todd Hibberd – Managing Director Rodd Boland – Non Executive Director; Investor Relations White Cliff Minerals Limited White Cliff Minerals Limited Suite 2, Murchison House Suite 14, 13 Hickson Road 5 Ord Street Sydney NSW 2000 West Perth WA 6005 Office: 08 9321 2233 Office: 02
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