Lunnon Metals Limited · ASX:LM8
Lunnon Metals — Euroz Hartleys Institutional Conference Rottnest Island 2023
19 slides from Lunnon Metals's conference presentation, Mar 8, 2023
Slide 1: Euroz Hartleys Institutional Conference Rottnest Island 2023
ASX ANNOUNCEMENT ASX: LM8 EUROZ HARTLEYS INSTITUTIONAL CONFERENCE ROTTNEST ISLAND 2023 For personal use only 8 MARCH 2023 Lunnon Metals Limited is pleased to announce that Managing Director, Edmund Ainscough, has been invited to present at the annual Euroz Hartleys Institutional Conference on Rottne
Slide 2: Euroz Hartleys Institutional Conference Rottnest Island 2023
For personal use only Euroz Hartleys Institutional Conference Rottnest Island 2023 Edmund Ainscough 8 March 2023 1
Slide 3: Important Notice & Disclaimer
Important Notice & Disclaimer This Presentation has been prepared by employees of Lunnon Metals Ltd (“Lunnon”, “LM8” or “the Company”) on its behalf and is a summary only, and contains summary information about Lunnon and its activities, which is current as at the date of this Presentation (unless o
Slide 4: An Opportunity years in the making
An Opportunity 20 years in the making • WMC’s strategic Kambalda exit For personal use only • Late 1990s/early 2000s sold its nickel mines and gold business • 4 nickel mines, already shut, were “sold with the gold” in 2001 • Missed last nickel price boom, tied up in gold major for over 15 years • Wo
Slide 5: Unrivalled: Kambalda Nickel District
Unrivalled : Kambalda Nickel District Production^: Pre-WMC sale vs Total Life of Mine Past Nickel Production^ For personal use only to date 4.3% Shut Mine Mt % Ni Ni kt by 4.1% 3.9% 342 Silver 203 Lake 1986 4.5 2.7 123 3.7% 3.5% Ni % Fisher 1988 1.7 2.3 38 3.3% 467 101 676 3.1% 2.9% Foster 1994 2.4
Slide 6: Successful first months for Lunnon Metals
Successful first 20 months for Lunnon Metals Rapid growth, aspirational goals • News flow For personal use only • Completed > 47.4km of drilling & reprocessed 8.7km of historical core (to 31/01/23), generates near weekly news flow Foster • Growth by Discovery & Resource Extension Headframe • Baker:
Slide 7: Lunnon Metals: Rapid growth, aspirational goals
Lunnon Metals: Euroz Hartleys Rottnest Conference Rapid growth, aspirational goals For personal use only Rottnest March…. 2021* 2022 2023 Foster Shareholders 7 ~950 Headframe >1,200 Ni price (US$/t) 16,400 33,924 ~25,000 US$:A$ exchange rate 0.760 0.748 ~0.670 Footprint (km2 nickel interest) 0* 23.0
Slide 8: Growing the Company's assets, MRE & footprint
Growing the Company’s assets, MRE & footprint Now vs IPO, rapid growth, aspirational goals For personal use only MRE metal* Market Cap 83kt Ni vs 39kt Ni ~$185M vs $42M • EV/t Ni metal • ~$1,950/t - currently back around level when Baker was first announced (Jan’22) • Since then… • Found Baker • Twi
Slide 9: Coming up – news flow/price triggers
Coming up – news flow/price triggers March-June 2023 quarters For personal use only March 2023 quarter ✓ Somerset Ni/Au early-stage targeting ✓ 85H metallurgical test results ✓ Baker metallurgical twin holes results ✓ Silver Lake Hanging Wall re-assays, drilling • 2D/3D seismic survey at Long South
Slide 10: Foster-Baker: now hosts 2.64Mt @ 3.1% Ni
Foster-Baker: now hosts 2.64Mt @ 3.1% Ni (83,000t Ni)* 23km2 hosting famous komatiite-basalt Ni contact • Foster closed in 1996 having produced >61kt Ni metal^ For personal use only • MRE 52.2kt*@ 3.0% Ni accessible from decline • Dewatering licences • To take 4.0GL / year covers Foster, Warren and
Slide 11: Baker: 0.93Mt @ 3.3% Ni (30,800t Ni)
Baker : 0.93Mt @ 3.3% Ni (30,800t Ni)* 16 month aggressive ~20km drill programme • Risk/variance: shallow depth For personal use only Indicated • Well drilled, data rich and “capital light” Resource (green) • Geology, grade, geotech, metallurgy all studied in detail 0.64Mt @ 3.8% Ni • 78% in higher
Slide 12: Silver Lake & Fisher - Exploration Plan CY23
Silver Lake & Fisher - Exploration Plan CY23 First meaningful exploration for over 35 years For personal use only • Significant past producers • Combined, produced 161kt nickel metal^ • Shut 15 years before WMC’s exit/sales • Silver Lake • Drill SLHW Exploration Target* , re- estimate as JORC Code (
Slide 13: Corporate Overview
Corporate Overview Liam Twigger Ashley McDonald Corporate structure (ASX: LM8) For personal use only Non-Executive Chair Non-Executive Director GFI nominee, Sen Vice President, close on 3 March 2023 Deputy Chair Argonaut, NEC SolGold experienced M&A, legal, commercial Board Ian Junk Deborah Lord Non
Slide 14: Investment Highlights
Investment Highlights Growth in forward facing commodity ✓ 4 historical Ni mines, 1 discovery ✓ Aggressive drill campaigns, making For personal use only discoveries ✓ Increasing mineral resources ✓ Expanding asset base Unparalleled Mining Address ✓ Long mining history ✓ Excellent local infrastructur
Slide 15: Making our own history, in the heart of Kambalda
Making our own history, in the heart of Kambalda 1960s/70s For personal use only Suite 5/11 Ventnor Avenue West Perth, WA 6005 2022 www.lunnonmetals.com.au info@lunnonmetals.com.au Driller, Jack Lunnon (far right) overlooking Lake Lefroy from north side of Red Hill: with local and WMC dignitaries at
Slide 16: Important Notice – Competent Persons Statement
Important Notice Competent Persons Statement For personal use only The information in this Presentation that relates to geology, nickel and gold mineralisation, Mineral Resources, Exploration Targets and Exploration Results is based on, and fairly represents information compiled and reviewed by Mr A
Slide 17: Mineral Resources reporting
Mineral Resources reporting This presentation contains references to Lunnon’s Mineral Resources shown in a detailed breakdown below as at 11 January 2023. For personal use only Note: totals may not sum due to rounding Lunnon Metals Limited ABN: 82 600 008 848 lunnonmetals.com.au 16
Slide 18: Important Notice and Disclaimer – Exploration Results Reporting
Important Notice and Disclaimer Exploration Results Reporting For personal use only This presentation contains references to Lunnon's exploration results and previous announcements. The information in this presentation that relates to previous exploration results has been extracted from the followin
Slide 19: Appendix: Kambalda – an unrivalled discovery record
Appendix: Kambalda – an unrivalled discovery record Channel length vs nickel metal For personal use only Direct correlation • Known channel length is a function of time/exploration effort… • …which thus also drives metal discovered or mined • 5 of the 6 “shortest” length channels sit within LM8’s po
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