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Slide 3: Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review
Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review
Slide 4: Figure 1: Burke and Mt Dromedary Graphite Projects: Tenements, Geology, Drill Holes and Drilling Envelopes
Figure 1: Burke and Mt Dromedary Graphite Projects: Tenements, Geology, Drill Holes and Drilling Envelopes 2024 09 10 LEL NVX Joint ASX Axon Graphite Update - Mt Dromedary Graphite Mineral Resources Review_EX99-1
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Slide 6: Axon
Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review In addition, graphite mineralisation is open to the north and south and in between the currently defined Mt Dromedary and Burke Deposits (refer Figures 1 and 2). Upon the successful completion of Axon Graphite’s IPO and ad
Slide 7: Figure 2: Burke and Mt Dromedary Deposits - Indicated and Inferred Mineral Resources Plan View
Figure 2: Burke and Mt Dromedary Deposits - Indicated and Inferred Mineral Resources Plan View, Geology and Planned Drilling Target Area 2024 09 10 LEL NVX Joint ASX Axon Graphite Update - Mt Dromedary Graphite Mineral Resources Review_EX99-1
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Slide 9: Axon
Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review Post-Listing, Axon Graphite will hold an interest in three high grade graphite deposits in Queensland with access to key infrastructure, including ports and transport links facilitating potential future export to major int
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Slide 11: Updated Mt Dromedary Mineral Resource Estimate
Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review Updated Mt Dromedary Mineral Resource Estimate Table 1 – Mt Dromedary September 2024 Mineral Resource Estimate (5% TGC Cut-off Grade) Category Weathering State Resource (Mt) TGC (%) Contained Graphite (kt) Indicated Minera
Slide 12: Figure 3: Mt Dromedary Deposit - Mineral Resources Longitudinal View
Figure 3: Mt Dromedary Deposit - Indicated and Inferred Mineral Resources Longitudinal View 2024 09 10 LEL NVX Joint ASX Axon Graphite Update - Mt Dromedary Graphite Mineral Resources Review_EX99-1
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Slide 14: Axon
Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review
Slide 15: Figure 4: Mt Dromedary Deposit - Mineral Resources Plan View
Figure 4: Mt Dromedary Deposit - Indicated and Inferred Mineral Resources Plan View 2024 09 10 LEL NVX Joint ASX Axon Graphite Update - Mt Dromedary Graphite Mineral Resources Review_EX99-1
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Slide 17: Axon
Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review In addition to the high-grade nature of the Mt Dromedary Deposit 6 : • metallurgical testing has been completed to determine the suitability of the Mt Dromedary graphite for producing an export grade concentrate; • given t
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Slide 19: Axon
Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review The tenements have access to well-developed transport infrastructure, including airports at Cloncurry and Mount Isa (located ~250km by road from Burke and Mt Dromedary) and a Port in Townsville (located ~783km by road or r
Slide 20: Figure 5: Location of NOVONIX’s Mt Dromedary Graphite Project and Lithium Energy’s Burke and Corella Projects
Figure 5: Location of NOVONIX’s Mt Dromedary Graphite Project and Lithium Energy’s Burke and Corella Graphite Projects in Queensland, Australia Geology and Geological Interpretation The Mt Dromedary Graphite Project is hosted by a mapped graphitic schist as a sub unit of the Corella Formation, withi
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Slide 22: Axon
Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review RC drilling was the predominant drill method at Mt Dromedary. A face sampling hammer was used with sampling conducted on 1m intervals. For the Phase One RC drilling program (2015) 7 , the 1m samples were split with a 50/50
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Slide 24: Estimation Methodology
Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review Estimation Methodology The mineralisation was constrained by wireframes prepared using a nominal 1% TGC cut-off grade, plus geological logging. Following a review of the population histograms and log probability plots and
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Slide 26: Cut-off Grade
Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review Cut-off Grade The Mt Dromedary Mineral Resource has been constrained by the mineralisation solids and is reported above a cut-off grade of 5% TGC. The Mt Dromedary MRE at various TGC cut-off grades are shown in Table 3 bel
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Slide 28: About NOVONIX Limited
Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review About NOVONIX Limited (ASX:NVX) NOVONIX (then known as Graphitecorp Limited) completed its IPO and admission to ASX in December 2015 as the developer of the Mt Dromedary Graphite Project. 10 The Company changed its name to
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Slide 30: JORC Code (2012) Competent Persons’ Statements
Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review JORC CODE (2012) COMPETENT PERSONS’ STATEMENTS (1) The information in this document that relates to Mineral Resources in relation to the Mt Dromedary Graphite Project is based on information compiled by Mr Shaun Searle. Mr
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Slide 32: Cautionary Notes Regarding Forward-Looking Statements
Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review CAUTIONARY NOTES REGARDING FORWARD-LOOKING STATEMENTS NOVONIX Limited This communication contains forward-looking statements about the company and the industry in which we operate. Forward-looking statements can generally
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Slide 34: Annexure A: JORC Code Checklist - Sampling Techniques and Data
Criteria JORC Code explanation Commentary Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review ANNEXURE A JORC CODE (2012 EDITION) CHECKLIST OF ASSESSMENT AND REPORTING CRITERIA FOR EXPLORATION RESULTS Section 1 - Sampling Techniques and Data Sampling techniques • Nature and
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Slide 36: JORC Code Checklist - Sampling Techniques
Criteria JORC Code explanation Commentary Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review face-sampling bit or other type, whether core is oriented and if so, by what method, etc). disturbance to core, limiting potential losses in drilling water. The ground conditions a
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Slide 38: JORC Code Checklist - Logging
Criteria JORC Code explanation Commentary Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged. a 1
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Slide 40: JORC Code Checklist - Sub-sampling Techniques
Criteria JORC Code explanation Commentary Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review Sub-sampling techniques and sample preparation • If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary spli
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Slide 42: JORC Code Checklist - Verification of Sampling and Assaying
Criteria JORC Code explanation Commentary Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review The +106/-850 µm fraction range was measured for the graphite flake size distribution, in order to represent preserved rock fragments that are closest to the original graphite size
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Slide 44: JORC Code Checklist - Orientation of Data
Criteria JORC Code explanation Commentary Criteria JORC Code explanation Commentary Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review Orientation of data in relation to geological structure • Whether the orientation of sampling achieves unbiased sampling of possible struc
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Slide 46: JORC Code Checklist - Mineral Tenement and Land Tenure
Criteria JORC Code explanation Commentary Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review contiguous to the Normanton Sub-Blocks (within EPM 26025). Lithium Energy Limited (ASX:LEL) ( Lithium Energy ) subsidiary, Axon Graphite Limited ( Axon Graphite ), has entered into
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Slide 48: JORC Code Checklist - Exploration Done by Other Parties and Geology
Criteria JORC Code explanation Commentary Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review 60-70% flake graphite (>75µm size) grading 14.5-20% FC. Peter Stitt and Associates then generated graphite concentrates varying in purity between 25-64% FC, but at a poor overall r
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Slide 50: JORC Code Checklist - Drilling Techniques and Data Aggregation
Criteria JORC Code explanation Commentary Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review Reverse Circulation The RC hammer bit had a measured diameter of 123mm. A larger diameter RC hammer was used to drill an initial pre-collar of 4m in the soil-colluvium profile, whi
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Slide 52: JORC Code Checklist - Other Substantive Exploration Data
Criteria JORC Code explanation Commentary Criteria JORC Code explanation Commentary Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review Other substantive exploration data • Other exploration data, if meaningful and material, should be reported including (but not limited to)
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Slide 54: JORC Code Checklist - Dimensions and Estimation Techniques
Criteria JORC Code explanation Commentary Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review • The factors affecting continuity both of grade and geology. Observations of outcrops and host rocks as well as the results of infill drilling, confirm the geometry of the mineral
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Slide 56: JORC Code Checklist - Moisture and Cut-off Parameters
Criteria JORC Code explanation Commentary Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review Validation of the model included detailed comparison of composite grades and block grades by northing and elevation. Validation plots showed good correlation between the composite
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Slide 58: JORC Code Checklist - Bulk Density and Environmental Factors
Criteria JORC Code explanation Commentary Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review mining and processing operation. While at this stage the determination of potential environmental impacts, particularly for a greenfields project, may not always be well advanced,
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Slide 60: JORC Code Checklist - Audits and Confidence
Criteria JORC Code explanation Commentary Axon Graphite Limited Update – Mt Dromedary Graphite Mineral Resources Review The Mt Dromedary Mineral Resource estimate appropriately reflects the view of Mr Shaun Searle (of Ashmore ) as the Competent Person. Audits or reviews • The results of any audits o