Slide 1: Advancing the Charley Creek Rare Earths Project
For personal use only Advancing the Charley Creek Rare Earths Project Corporate Presentation August 2022 enova mining limited
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Enova Mining Limited (“Enova” or “the Company”).By its very nature exploration for minerals and mineral project studies are a high‐risk business and the risks may not be suitable for certain investors. Potential investors should
Slide 3: Our Company
Our Company For personal use only Our team Corporate Overview Dato’ Sia Hok Kiang Non‐executive Chairman Share Price Shares On Issue Market Capitalisation Mr Dato’ Sia is Managing Director of the successful Malaysian private mining company, Malaco Mining Sdn. Bhd. He is a graduate of the University
Slide 4: Charley Creek Project Overview
Charley Creek Project Overview For personal use only Darwi n Large rare earths and industrial mineral deposit within a 100% owned, 515km2 tenement package Located in a tier‐1, pro‐mining jurisdiction In 2013 release of resource statement (2004 JORC) Charley Creek Project Alice Near surface m
Slide 5: Tenement Holdings
Tenement Holdings For personal use only Tenement Name / Location Owner AREA (Km2) EL 24281 Charley Creek CNPL 100% 116.60 EL 25230 Cockroach Dam CNPL 100% 289.00 EL 27358 Hamilton Downs CNPL 100% 25.17 EL 31947 Cloughs Dam CNPL 100% 59.57 Charley Creek 1 490.34 EL 28434 Hamilton Homestead CNPL 56.28
Slide 6: Charley Creek Geological Horizons (Simplified)
Charley Creek Geological Horizons (Simplified) For personal use only Alluvial sand (6 to 30m) Weathered meta-sediments Rare Earths & minor scandium Calcite bands/veins (1- 2m) Saprolite (5 to 60m) Enriched Rare Earths & scandium Puggy clay (5 to 10m) Weathered Basement (2 to 10m) Weathered Basement
Slide 7: Alluvial Resources
Alluvial Resources* For personal use only * As announced on ASX 15th April 2013 “This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last
Slide 8: Rare Earths at Charley Creek
Rare Earths at Charley Creek For personal use only • Focus on drilling Cattle Creek prospect, with most of the tenement area unexplored but highly prospective for mineralisation. Western Dam prospect awaits re‐drilling, • Near surface and simple orebody to underpin potential open pit bulk mining • P
Slide 9: Charley Creek Basket Price
Charley Creek Basket Price (% value from REO & Sc) For personal use only Alluvial Sands Saprolite & Clay Pr Dy Tb Nd Sc Scandium (as master metal) REE basket price AUD$80*/kg * Based on August pricing Ce La Dy Tb Sm Eu Gd Nd Pr Y Er Other Sc Sc master metal alloy price typically US$100*/kg (@2% Sc)
Slide 10: Scandium at Charley Creek
Scandium at Charley Creek For personal use only Cost Effective and Scalable Scandium is a low volume, high value product Potentially long mine‐life due to depth of saprolite and extent of mineralisation Ideal conditions for low‐cost mining, free‐dig sands and silts Easily accessible to servi
Slide 11: Scandium and the Future
Scandium and the Future For personal use only Enova Scandium Market Strategy Market scandium oxide as superior aluminium alloy, partnering with manufacturers: as a substitute for manufacturers currently using titanium products requiring low failure rates for intricate casting for 3D additive p
Slide 12: Cattle Creek Prospect – Next Steps
Cattle Creek Prospect – Next Steps For personal use only Completion of Operation Concept & Resource Statement (update) Initial focus on the flag‐ship Cattle Creek Prospect where the resource is best defined To date project is under‐valued due to on‐going test work which limited news releases U
Slide 13: Cattle Creek Project Work Plan
Cattle Creek Project Work Plan For personal use only Alluvial Development Plan Sample Gravity Process Engineering Optimisation, Resource Sample Preparation Concentration Design & & Cost Mine Plan, Estimate & Drilling (5 tonnes) Test work Reporting Update Schedule Report Month 1.5 2 3.5 4.5 5.5 6 7 W
Slide 14: Enova’s Work Plan Budget
Enova’s Work Plan Budget For personal use only Budget AUD$ Months Drilling/Sample preparation, freight and assaying 110,000 2 Gravity separation testing 65,000 1.5 Process concept engineering and costing review update 65,000 2 Resource model update, mine planning and reporting 35,000 1.5 Alluvial Sa
Slide 15: Potential Operational Concept
Potential Operational Concept For personal use only Mining Open‐pit free‐dig mining (sand, silt, clay ‐> low cost) Bulk mining operation with low strip ratio Two processes one operation gravity plant for alluvial sands screen deslime cyclone classification spirals concentration leach pl
Slide 16: Mining & Process Concept
Mining & Process Concept For personal use only Gravity Concentration TREO (major), Scandium (minor) Depth 10 to 25m Puggy Clay Size beneficiation & Acid Leach Scandium (major), TREO (minor) Depth 30 to 70m
Slide 17: Enova’s Commercial Outlook
Enova’s Commercial Outlook For personal use only Demand and lack of supply Ever increasing world‐wide demand for rare earth metals (REE), Scandium (Sc) commercial usage is gaining momentum, Enova provides an opportunity to lead the world’s Sc market, Scarcity of supply of critical metals and
Slide 18: Contact us
For personal use only Contact us Eric Vesel Executive Director For any questions, head to our investor hub contact@enovamining.com.au