Enterprise Metals Limited · ASX:ENT
Enterprise Metals — Shareholder Meeting (October 2021)
25 slides from Enterprise Metals's shareholder meeting presentation, Oct 29, 2021
Slide 1: Post AGM Presentation
Post AGM Presentation 29 October 2021
Slide 2: Disclaimer & Forward Looking Statements
Disclaimer & Forward Looking Statements Disclaimer This document has been prepared by Enterprise Metals Limited (the “Company”). It should not be considered as an invitation or offer to subscribe for or purchase any securities in the Company or as an inducement to make an invitation or offer with re
Slide 3: Capital Structure
Capital Structure CapitalStructure Capital Structure ENT Share Price & Volume 2021 YTD Share Price (close 28 Oct 2021) $0.016 Shares on Issue (28 Oct 2021) 1,369 holders 573,020,145 1,000,000 UNL Options: Expiry 30 Mar 2022 $0.015 UNL Options: Expiry 31 Aug 2022 $0.03 33,765,006 UNL Options: Expiry
Slide 4: Vision & Strategy
Vision & Strategy VISION “To generate and secure under title gold and base metals projects in Australia with potential for discovery of Tier 1 deposits, that will attract major partners to fund exploration, discovery and development” STRATEGY ➢ Strict planning for low cost and highly effective proje
Slide 5: Enterprise's Projects - West Australia
Enterprise’s Projects - West Australia MURCHISON Au & Cu/Zn ➢ Evolution Mining (EVN) Murchison JV ➢ EVN 100% funding & operating ➢ EVN earn 80% by $6M spend over 4 years DOOLGUNNA Cu/Zn ➢ Sandfire Resources (SFR) Enterprise JV ➢ SFR 100% funding & operating ➢ ENT 100%, until SFR finds 50,000t Cu met
Slide 6: Murchison Project
MURCHISON PROJECT EVOLUTION MINING LTD (ASX:EVN) EARN-IN JV from 1 JUNE 2019 ▪ EVN to spend $6M over 4 years to earn 80% interest ▪ 835km2 landholding over prospective greenstone belt ▪ Major producing gold mines to south at Big Bell and to north, Meekatharra ▪ Evolution considers that the Murchison
Slide 7: Murchison – EVN Earn In JV
MURCHISON – EVN Earn In JV ▪ Detailed airborne magnetic surveys flown by ENT in 2018 & 2019 2020 AC drilling results over ground gravity image ▪ 2019: EVN detailed ground gravity (5, 927 stations) ▪ 2020: 17.5km passive seismic & 262 AC holes/ 19,132m along Big Bell Shear Zone & Cuddinwarra Shear Zo
Slide 8: Murchison – EVN Earn In JV – MURDD003
MURCHISON – EVN Earn In JV- MURDD003 ▪ Data integration & structural interpretation is underway to understand context & significance of Au mineralisation& whether further drilling on this target is warranted. ▪ Evolution are reviewing additional targets on the property with the anticipation of comme
Slide 9: Murchison - Geology & Cu-Zn VMS Potential
MURCHISON - Geology & Cu-Zn VMS Potential ▪ Favourable stratigraphy covered with alluvium provides the challenge and the opportunity ▪ Contains 2 stratigraphic horizons with known VMS style mineralisation ▪ +21km strike of Wattagee VMS horizon, AM14, Wattagee Hill & Metals Ex gossans ▪ GSWA work ind
Slide 10: Doolgunna Project
DOOLGUNNA PROJECT SANDFIRE RESOURCES NL (SFR) FARM-IN Oct 2016 SFR can earn 75% interest by defining 50,000 tonnes contained Cu metal (or equivalent) ▪ Over 60km strike of the southern boundary of the Bryah Basin and northern part of Yerrida Basin. ▪ The Bryah Basin contains Narracoota/Karalundi For
Slide 11: Fraser Range Project
FRASER RANGE PROJECT 70% CONSTELLATION RESOURCES LTD (CR1) - 30% ENTERPRISE METALS LTD ENT free carried at 30% to completion of Bankable Feasibility Stage ENT 2009 - 2015: ▪ Aeromag, soil sampling & AEM Orpheus JV ▪ Plato: 6 hole RC/DC, NiS in core CR1 70% - ENT 30% ▪ 39 FLEM ground surveys ▪ 6 RC d
Slide 12: Fraser Range – Kitchener Prospect – Eyre Anomaly
Fraser Range – Kitchener Prospect – Eyre Anomaly Magnetic image ▪ Mag/gravity Targets 20km south of Legend Mining (ASX: LEG) Mawson NiS discovery ▪ 197 Aircore holes (22,872m) completed by CR1 to Sept 2021 ▪ 5 discrete Ni-Cu-Co geochemical anomalies over Targets 1, 2 and 4. ▪ Key AC discovery holes:
Slide 13: Fraser Range – Eyre Anomaly Results
Fraser Range – Eyre Anomaly Results CR1 report next step is diamond core drilling program in Dec Qtr, subject to rig availability PAGE 13
Slide 14: Fraser Range – Eyre Anomaly Results & Plan
Fraser Range – Eyre Anomaly Results & Plan ▪ Diamond drilling at Eyre Orpheus JV South in Dec Qtr subject to CR1 70% - ENT 30% rig availability & weather ▪ DHEM survey planned for each hole ▪ Assay & petrology results likely in January Qtr ▪ Post DD drilling at Eyre South, further infill AC programs
Slide 15: Southern Cross Belt - Bullfinch North
SOUTHERN CROSS BELT- Bullfinch North Option to Purchase Agreements with Nickgraph P/L & Peter Gianni over 238 km2 of Granted Tenements ▪ +10Moz gold produced historically from Yilgarn Star to Southern Cross to Bullfinch. ▪ Northern half largely lacks deep regolith profile but has significant transpo
Slide 16: Bullfinch North Project
BULLFINCH NORTH PROJECT Nickgraph P/L E77/2325 Bingin Mine Nickgraph P/L Gianni E77/2544 E77/2568 Radio Mine Lady Agnes Mine Copperhead Mine SOUTHERN CROSS GREENSTONE BELT TMI/GRV VD1 TMI VD1 PAGE 16
Slide 17: Terra Resources Targets North & South Sheets
“Terra Resources Targets” North & South Sheets 48 PAGE 17
Slide 18: Mandilla Prospect
MANDILLA PROSPECT ▪ Vera Allen’s Mandilla Prospect E15/1437 & P15/5885 ~20km’s south of Kambalda & ~3km east of the high- Allen’s Mandilla Prospect grade Wattle Dam gold mine ▪ Enterprise have extended its Option Agreement over Allen’s Mandilla Prospect to 9 June 2022 ▪ The Prospect occupies the eas
Slide 19: Mandilla Prospect
MANDILLA PROSPECT “Star Anomaly” awaiting RC drilling follow up 665Koz over 2.5Km
Slide 20: Perenjori Potash - Location and Concept
PERENJORI POTASH - Location and Concept ▪ Major drainage systems originated when the Yilgarn was uplifted 56 – 34 million years ago ▪ Climate was wetter & 300-400km long rivers cut deep channels into weathered land surface ▪ Weathering products of granites (SiO2, clay) & solutions of K, Ca & other m
Slide 21: Perenjori Potash - The Model
PERENJORI POTASH - The Model ▪ Airborne EM defines the deep palaeochannels where brines are located ▪ Large salt lakes formed in places along the ancient river systems, but brines within the deep valleys are the primary exploration targets PAGE 21
Slide 22: Perenjori Potash – A Great Location
PERENJORI POTASH – A Great Location ▪ For bulk commodities, installed infrastructure is the key ▪ Perenjori area well serviced with a 245km railway from Perenjori to the port of Geraldton ▪ Established infrastructure including power in the nearby wheatbelt towns of Morawa and Perenjori PERENJORI POT
Slide 23: Perenjori Potash - Next steps
PERENJORI POTASH - Next steps ▪ Negotiate access agreements with landholders (pastoral, Gov’t & Native Title holders). ▪ Obtain local community support for exploration and potential In Situ Recovery (“ISR”) of “hypersaline fluids”. ▪ Obtain grant of title. ▪ Lodge Programs of Work for drill testing,
Slide 24: Directors
Directors Name Role Background Dr Allan Trench Non-Executive After commencing his career as a geologist with WMC, Dr Trench worked as a business BSc (Hons) PhD Chairman consultant for McKinsey and Co, then as a manager at KCGM Pty Ltd and Woodside (Geophysics) MSc Petroleum. He is a consultant with
Slide 25: Competent Person Statement
Competent Person Statement This Presentation (Report) contains references to exploration results which have been reported in previous market announcements made by the Company. The Company confirms that it is not aware of any new information or data that materially affects the information included in
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