Zenith Minerals Limited · ASX:ZNC
Zenith Minerals — Corporate Update (April 2021)
24 slides from Zenith Minerals's corporate update, Apr 29, 2021
Slide 1: Quarterly Update Presentation
29 April 2021 QUARTERLY UPDATE PRESENTATION For personal use only The Company is pleased to provide an updated investor presentation. Chairman Peter Bird will also be presenting at the RIU Sydney Resources Round-Up next week. The presentation is an updated overview incorporating results that have pr
Slide 2: About Zenith
About Zenith Zenith has a vision to build a gold and base metals business with a team of proven project finders. Focus is on 100% owned Zenith projects, whilst partners progress multiple additional opportunities using third party funds. Zenith is continuing to focus on its core Australian gold and c
Slide 3: Investor Presentation April/May 2021
INVESTOR P R E S E N TAT I O N For personal use only April/May 2021 Building a Gold & Base Metals Business Drill Core Logging Red Mountain Red Mountain DroneMag Drilling at Red Mountain Red Mountain Drill Core
Slide 4: Why Zenith?
Why Zenith? For personal use only 1. Our Strategy - very focused - precious and base metals 2. Strategy is to target “material - large scale” deposits capable of making a significant value impact to the Company 3. Very active on 2 Gold & 1 Copper Project in Australia – drilling all 3 projects this q
Slide 5: Core Gold Projects
CORE GOLD PROJECTS 1. Red Mountain Gold Project – Queensland (100% For personal use only owned) • High-grade near surface gold & silver in Zenith’s maiden drill campaign 1 - drilling continuing • 13m @ 8.0 g/t Au incl 6m @ 16.7 g/t Au from surface • 15m @ 3.5 g/t Au, 2m @ 8.0 g/t Au & 109.4 g/t Ag 2
Slide 6: Queensland Project Locations
Queensland Project Locations For personal use only 15 Moz Au Gold Region1 Red Mountain Gold Project (100% ZNC) Flanagans Gold Project (100% ZNC) – to be further advanced in early 2021 Develin Creek Copper Zinc Project (100% ZNC) >15m oz Au gold district. Located b/w Cracow (2Moz), Mt Rawdon (2.5Moz)
Slide 7: Red Mountain Gold
Red Mountain Gold For personal use only Red Mountain Plan - Gold Zones, Targets & Planned Drilling Red Mountain Cross Section Showing Gold Zones & Planned Drilling 1 ZNC ASX Releases 24 Sep 19, 25 Oct 19 & 25 Nov 19, Drill results 17 Jun 20, 19 Oct 20, 29 Oct 20, 21 Jan 21, 14 Apr 21 5
Slide 8: Red Mountain Gold-Mt Wright Analogy
Red Mountain Gold-Mt Wright Analogy For personal use only Zenith’s Red Mountain gold mineralisation like that at the Mount Wright gold mine 1 ZNC ASX Releases, 21 Jan 21, 14 Apr 21 6
Slide 9: Split Rocks Gold
Ownership: 100% Split Rocks Gold Location: WA Commodity: Gold & Lithium Stage: Drilling For personal use only Located halfway between Perth & Kalgoorlie >10Moz Au gold district 650 sq km of tenure, most licences 100% owned 18 targets defined over 18km strike extent First large anomaly now being RC t
Slide 10: Split Rocks Gold
Figure 2 Split Rocks Gold Recent ZNC results2: For personal use only Dulcie Laterite Pit • 16m @ 3.7 g/t Au • 18m @ 2.0 g/t Au (eoh) • 10m @ 1.8 g/t Au • 2m @ 14.5 /t Au • 2km long target zone defined – drilling continuing Dulcie North - 32m @ 9.4 g/t Au, incl 9m @ 31.4 g/t Au Dulcie Far North - 5m
Slide 11: Strong Gold Intercepts at Multiple Targets
Strong Gold Intercepts at For personal use only Multiple Ta r g e t s Next Steps: Further drilling 2021 100-hole AC program planned May 2021 • Dulcie North • Dulcie Far North • New Targets RC follow-up program planned for: • Dulcie Laterite Pit Extension • Dulcie North • Water Bore 1 ZNC ASX Release
Slide 12: Base Metal Projects
B A S E M E TA L For personal use only PROJECTS Develin Creek Copper-Zinc Project (100% owned) - Queensland • Maiden drill test of the new Snook copper target located 30km south of Zenith’s JORC resources discovers massive copper-zinc sulphides3 • District scale VMS play Earaheedy Zinc Lead (25% own
Slide 13: Copper Outlook is Strong
Copper Outlook is Strong Rising demand from Renewables and EV Sectors For personal use only Proportion of 2028 mine supply required from currently uncommitted projects (Mt) • 25% Worlds largest base metals market (22Mtpa 5.4 20% 1.2 2.8 20.4 consumption) 15% 0.5 11.8 117.6 24.2 • 10% Multitude of in
Slide 14: Develin Creek Copper Exploration – Potential and Scale
Develin Creek Copper Exploration – Potential and Scale For personal use only Sulphide City (2.6Mt) 10KM Golden Grove (40Mt) Snook Prospect (?Mt) 10KM Jaguar (9Mt) Resources 10KM Prospects 10KM Noranda (262Mt) Source: Franklin et al, 2005, CSIRO 2004 – Copper-Zinc massive sulphide deposits in WA Expl
Slide 15: Develin Creek Copper Sulphide City
Develin Creek Copper Sulphide City For personal use only Redback 7450000mN 2.57Mt@1.76% Cu, 2.01% Zn 10m@0.5% Zn 0.24g/t Au and 9.6g/t Ag (JORC1) 10KM Planet Pyrite 3m@0.8% Zn 20KM Drilling Snook Prospect 7425000mN 3m @ 1.6% copper, 1.1% zinc, 43 g/t silver, 0.2 g/t gold2 Comanche 12m@1.35% Zn 7.2m@
Slide 16: Earaheedy Zinc
For personal use only Earaheedy Zinc 14
Slide 17: Earaheedy Zinc
Earaheedy Zinc For personal use only • RC Drill Grid - 5 drill lines x 500m x 100m intersecting Zinc-Lead over 2km’s of strike and over 1.1km’s of width – Open in all directions • RC Drilling results indicate true thickness is up to 34m (vertical holes) • The Chinook Prospect itself has potential to
Slide 18: Earaheedy Zinc
Earaheedy Zinc For personal use only • Zenith 25% free carry to end Bankable Feasibility Study • Both parties have pre-emptive right • Rumble Resources Limited (ASX:RTR) plan extensive accelerated exploration program underpinned by a recent $40M capital raise (28-Apr-21) Results refer to RTR ASX Rel
Slide 19: Our Projects and the Lifecycle
Our Projects and the Lifecycle Risks Fluctuating commodity prices Funding risk Technical risk For personal use only HIGH Exploration risk VALUE $ Discovery Speculation Operating Mine Institutional / Strategic Junior Exploration Orphan Period Investment LOW VALUE Earaheedy 25% Zn & Pb Life Cycle Red
Slide 20: Newsflow - we are busy!
Newsflow- we are busy! For personal use only Drill & Geophysics Red Mountain Gold Project – Queensland (100%) ongoing 2021 • Objective – define a gold resource 2021 Split Rocks Project Gold - Western Australia (100%) Drilling ongoing • Objective – define a gold resource end 2021 Develin Creek Copper
Slide 21: Why Zenith?
Why Zenith? For personal use only 1. We have a very clear Strategy – right commodities, right time, 2. We continue to generate very good results in the precious & base metals space 3. We are very focused on value generation by adding to our current metal inventory 4. Activity levels will remain very
Slide 22: Corporate Structure
Corporate Structure Share Price Capital Structure ASX:ZNC For personal use only Source: CommSec.com.au Share Price (28 Apr 21) $0.33 Shares on Issue - ZNC fully paid ordinary 294.4m Market Capitalisation $96m Cash (31 Dec 20) $3.1m Listed Equities 3m RTR Shares (Apr 28) $1.8m Contact Details: Major
Slide 23: Disclaimer & JORC Statements
Disclaimer & JORC Statements Forward looking statements For personal use only Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. Forward-lookin
Slide 24: www.zenithminerals.com.au
For personal use only www.zenithminerals.com.au 22