Uru Metals Limited · LSE:URU
Uru Metals — Investor Presentation (October 2020)
23 slides from Uru Metals's investor presentation, Oct 6, 2020
Slide 1: URU Metals Limited Zebediela Nickel Sulphide Project
URU Metals Limited Zebediela Nickel Sulphide Project 6 October 2020
Slide 2: Disclaimer
Disclaimer The document attached hereto and the presentation of which it forms part (together the “Materials”) have been prepared by URU Metals (the “Company”). The Materials do not constitute an offer or invitation for the sale or purchase of any securities, nor do they, nor do they purport to, set
Slide 3: Zebediela Project Highlights
Zebediela Project Highlights Highlights Details Class 1 nickel sulphide NI43-101 compliant resource is ranked in the top ten Class 1 1 deposit containing Over 9 nickel sulphide resource globally1. billion pounds of nickel Ranked Top ten largest Inferred and indicated resources totaling over 1,5 bill
Slide 4: Not all nickel is made equal…
Not all nickel is made equal… Nickel Ores Class 1 Nickel Deposits: Class 2 Nickel Deposits: Sulphide Ores Laterite Ores Large environmental footprint Nickel Ferronickel Used in high tech industries, including electric Mainly used in the stainless steel industry. Cost vehicle batteries challenges to
Slide 5: US$300 Billion Invested in EV's
US$300 Billion Invested in EV’s EV sales topped 1 million globally sales in 2017 and hit 2 million in 2018. EV’s are expected to increase to 4 million in 2020 and by 2030, 21 million EV’s will be sold per year. Invested $11 billion in 2018 and by 2022 ford would have 40 new EV for sale. By 2023, VW
Slide 6: Nickel Demand forecast to exceed supply
Nickel Demand forecast to exceed supply >2 Mt new Ni Supply need by 2040 Volvo will be 4000 Probable Projects (kt) 2040 completely Existing Supply (kt) CO2 Neutral Consumption (kt) Ford Produce 13 EV Models. BMW 12 new 3500 BEV Models GM introduces 20 EV Models Renault, Nissan and Mitsubishi 2022 20
Slide 7: Project Team
Project Team John Zorbas John is a resource entrepreneur with a proven track record in the metals exploration and development industry. He CEO has held senior advisory positions in various facets of business including operations, marketing, sales, strategic planning and structured finance. Mr. Zorba
Slide 8: Location and Geology
Location and Geology The Bushveld Complex contains over 75% of the world’s platinum reserves in the largest known layered ultramafic intrusion, and these are usually associated with magmatic nickel deposits, very few of which have been found on the Bushveld… Platreef East Project Mokopane 8 | Zebedi
Slide 9: Northern Limb Mines & Projects
Northern Limb Mines & Projects Cu Pt Pd Rh Au 3PGE + Company Project/Reef Ni (%) (%) (g/t) (g/t) (g/t) (g/t) Au (g/t)* URU Metals*** Zebediela Target 2 0.56 0.18 0.59 1.13 0.10 0.06 1.88 Anglo Platinum Mogalakwena 0.18 0.10 1.14 1.35 0.09 0.15 2.73 Ivanplats** Open pit 0.20 0.14 0.33 0.44 0.09 0.86
Slide 10: Our neighbours mining the same geological horizon: Anglo Platinum
Our neighbours mining the same geological horizon: Anglo Platinum Anglo Platinum’s Mogalakwena Mine, which is the largest platinum mine in the Anglo American Platinum 2019 Annual Results Presentation world is 9 miles northwest along strike source: https://www.angloamericanplatinum.com/~/media/Files/
Slide 11: Our neighbours mining the same geological horizon: Ivanhoe Mines
Our neighbours mining the same geological horizon: Ivanhoe Mines Ivanplats’ 800 m deep flagship Flatreef project boundary is directly adjacent to Platreef East’s Ni-Cu-PGE target, from depths of 30 m below surface. Source: https://www.ivanhoemines.com/projects/platreef-project/ 11 | Zebediela Nickel
Slide 12: Bushveld Complex Comparison
Bushveld Complex Comparison URU’s Platreef East Project, from drill results intersecting Critical Zone material of the Bushveld Complex, has a higher basket price when compared to the declared open-pit resource mined at Anglo American Platinum’s Mogalakwena open-pit mine, located approximately 20 km
Slide 13: Ni Grade Comparison on the Northern Limb
Ni Grade Comparison on the Northern Limb No Published Data 13 | Zebediela Nickel Sulphide Project | October 2020
Slide 14: Nickel Targets
Nickel Targets Three targets exist for nickel mineralisation on the Project: 1. Already well-defined nickel mineralisation: Ivanhoe Mines-Platreef Project Platreef East Project • Indicated resource of 485.4 Mt @ 0.25% Ivanhoe Mines Underground Mine Ni Development Area @ 800m • Inferred resource of 1
Slide 15: License Boundary
Zebediela Project License Boundary Ivanhoe Mines - Platreef Project Ivanhoe Mining Blue Sky Potential 15 | Zebediela Nickel Sulphide Project | October 2020
Slide 16: Northern Limb Mineralisation Trapsites
Northern Limb Mineralisation Trapsites Key mineralised areas on the Northern Limb appear to be structurally controlled and associated with footwall trapsites World’s largest Open Pit Platinum Mine: Mogalakwena Mining Complex Tweefontein South Ivanhoe Mines Open Pit Target Zebediela Nickel Target and
Slide 17: Mineralization is controlled by Footwall Topography
Mineralization is controlled by Footwall Topography The portion of the Platreef that flattens out, as indicated by the contour lines above, hosts a thick package of high grade mineralisation (Ivanhoe Mines’ Flatreef), suggesting that pre-existing faulting/folding structures may play a role in minera
Slide 18: Hidden Platreef has been discovered further East
Hidden Platreef has been discovered further East Critical Zone rocks surround the Uitloop 2 Lower Zone body, suggesting that the Critical Zone has been emplaced around the Uitloop 2 body and injected beneath (and into) Transvaal Metasediments. This is probably controlled by pre-existing embayment st
Slide 19: Recent Exploration Successes
Recent Exploration Successes South African Nickel (SAN) completed a preliminary economic assessment on the Ni resource of the Uitloop 2 body. An analysis of all historical exploration data, including magnetic, IP, geochemical and drilling data, as well as new exploration results from neighbouring pr
Slide 20: Zebediela Target 2 Drill Results
Zebediela Target 2 Drill Results Sample Depth Below 3PGE + Borehole ID Depth From Depth To Cu Co Ni^ Ni^^ Rock Type Mineralisation Style Interval Surface Au* Units meters meters meters meters % % % % g/t Z017 67,22 391,00 323,78 42,39 0,01 *^ 0,23 0,18 ** Dunite Disseminated Z017 412,75 415,00 2,25
Slide 21: Mineralisation
Mineralisation Lithologies containing 0.25% Ni (existing Ni resource) Footwall Contact Semi-massive Sulphide Mineralisation – new Ni-PGE discovery 22 | Zebediela Nickel Sulphide Project | October 2020
Slide 22: Market Comparables
Market Comparables Aspect Platreef East Canadian Nickel Company (CNC) - Crawford Nickel-Cobalt Sulphide Project Located in major Ni-Cu-PGE belt Platreef, Bushveld Complex, adjacent to Timmins-Cochrane Mining Camp, western Anglo Platinum Mogalakwena open pit and portion Mineral-Rich Abitibi Greenston
Slide 23: Project Next Steps
Project Next Steps • Further geological mapping to understand potential for nickel mineralisation in footwall rocks. • Subject to funding, anticipated drilling of 6 holes to confirm proof of concept and demonstrate the strike extent of the Ni- Cu-PGE mineralisation and 14 holes for infill drilling t