Antares Metals Limited · ASX:AM5
Antares Metals — Investor Presentation (February 2022)
32 slides from Antares Metals's investor presentation, Feb 14, 2022
Slide 1: ASX Announcement: Investor Presentation
ASX ANNOUNCEMENT 14 February 2022 INVESTOR PRESENTATION NickelSearch Limited Chairman Dave Royle and Managing Director Nicole Duncan will be completing a number of investor briefings this week at which the attached presentation will be delivered in person. Sincerely Suzie Foreman Company Secretary T
Slide 2: Australia's Emerging Battery Minerals Explorer
Australia’s Emerging Battery Minerals Explorer February 2022 | ASX:NIS
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by NickelSearch Limited (“NiS” or the “Company”) to assist in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an indu
Slide 4: Investment Highlights
Investment Highlights A dominant land position in a Experienced team with a proven highly prospective nickel belt nickel exploration track record Shallow mineralisation open in An emerging green energy most directions with proven high materials supplier grade nickel production Committed to sustainab
Slide 5: Carlingup Nickel Project
1 CARLINGUP NICKEL PROJECT 4
Slide 6: Established Nickel Province
Established Nickel Province ▪ Highly prospective geological setting for nickel sulphides ▪ Favourable ultramafic host rocks for Kambalda- style komatiitic nickel sulphide deposits ▪ Well serviced by sealed roads & power supply ▪ Close to established nickel mining & processing infrastructure 5
Slide 7: Carlingup Nickel Sulphide Project
Carlingup Nickel Sulphide Project ▪ Carlingup Nickel Project comprises: – 8 Mining Licences – 7 Exploration Licences ▪ 100% owned tenement package covers 108km2 6
Slide 8: Exploration Focus
Exploration Focus ▪ Five known nickel deposits: ▪ Significant potential for virgin high-grade sulphide nickel deposits at moderate depths ▪ Multiple targets along the basal ultramafic contact remain to be adequately drill tested ▪ Deploying proven exploration tools such as geology, structure, geoche
Slide 9: Historical Exploration
Historical Exploration ▪ Most previous drill testing has been shallow (<80m depth) ▪ The high-grade nickel sulphide deposit at RAV8 was mined to only 300m depth and lacks deep drilling ▪ A pyrite study by CODES on drill hole RAVD120 highlights potential for Degrussa-style VHMS Cu-Au mineralisation h
Slide 10: Maiden Drill Program Completed
Maiden Drill Program Completed 32 holes for 3,563m completed RAV5 deposit RC drill rig December 2021 Examples of RAV8 massive sulphide ore at RAV8, RAV5 & RAV4-West 11.63% Ni, 0.73% Cu, 0.15% Co, 2.6g/t Pt & 0.63g/t Pd 12.66% Ni, 0.12% Cu, 0.16% Co, 0.11g/t Pt & 0.55g/t Pd 9
Slide 11: Maiden Drill Program: RAV8
Maiden Drill Program: RAV8 ▪ First assays at RAV8 intersected high grade nickel including: – 2m at 4.5% Ni within an interval of 5m at 2.6% Ni from 101m (NIS003) NIS003 – 5m at 2.6% Ni (incl. 2m at 4.5% Ni) from 101m ▪ Confirmation of significant PGM, Cu and Co credits with individual assays up to 1
Slide 12: RAV8 Mineral Resource
RAV8 Mineral Resource Leapfrog 3D block model – looking northeast ▪ Historic high grade nickel production of 16.1kt Ni at 3.45% incl. 9.6kt Ni at 5.83% ▪ Classic Komatiite-hosted nickel sulphide deposit with 3 main massive sulphide shoots (red) with an overlying large disseminated nickel halo ▪ The
Slide 13: Maiden Drill Program: RAV-5 & RAV-4 West
Maiden Drill Program: RAV-5 & RAV-4 West ▪ 4 holes received from RAV5 & RAV4-West all intersecting semi- massive to massive nickel sulphide mineralisation ▪ RAV-5 drilling highlights: – 8m at 1.02% Ni; inc 5m at 1.39% Ni (NIS014) ▪ RAV4 West drilling highlights: – 10m at 0.67% Ni; inc 1m at 2.64% Ni
Slide 14: Maiden Drill Program: RAV-5 & RAV-4 West
Maiden Drill Program: RAV-5 & RAV-4 West ▪ The presence of visual sulphides in holes at RAV-5 ▪ Visual observations of drill cuttings at RAV4-West are demonstrate the potential to define a maiden resource encouraging and suggest extensions of the sulphide at RAV5 mineralisation to the east 13
Slide 15: Pipeline of Greenfields & Brownfields Targets
Pipeline of Greenfields & Brownfields Targets ▪ Completed a high-resolution HTEM & magnetic (Xcite™) survey covering the entire project area ▪ This provides an important new & foundational data set for targeting blind nickel sulphide deposits ▪ Systematic ultra-fine, multi-element soil geochemical s
Slide 16: Indicative Timetable
Indicative Timetable Q4-CY2021 Q1-CY2022 Q2-CY2022 Oct Nov Dec Jan Feb Mar Apr May Jun 1 Corporate Complete $10M IPO and Commence trading on ASX ✓. Key Management Appointments ✓. 2 Exploration/ Operational RAV-8 JORC 2012 Resource Estimate ✓. RAV-1, RAV 4 & RAV-4 West Exploration Target ✓. Geochemis
Slide 17: Conventional & Green Processing Route
Conventional & Green Processing Route ▪ Simple to operate & Bio-leach is a low cost, efficient and green treatment process produces high value products ▪ Low environmental impact and is well suited to remote locations ▪ Western Areas currently integrating their BioHeap™ process into Cosmic Boy Conce
Slide 18: Nickel Laterite Production Optionality
Nickel Laterite Production Optionality ▪ 100% owned John Ellis Ni laterite deposit is contiguous with FQM’s Nindilbillup Deposit ▪ Infrastructure advantage, adjacent to FQM’s Ravensthorpe Nickel Operation (RNO) & nickel laterite resources ▪ JORC Inferred Resource: 16Mt @ 0.56% Ni & 0.026% Co for 91k
Slide 19: Corporate
2 CORPORATE 18
Slide 20: Board & Management
Board & Management David Royle Nicole Duncan Norm Taylor Paul Bennett Donald James Leo Horn Tamsin Senders Non-executive Managing Non-executive Non-executive Non-executive Senior Technical Processing Chairman Director Director / Founder Director Director Advisor Manager Geologist Operational & Corpo
Slide 21: Capital Structure
Capital Structure 104.1M $23.4M SHARES ON ISSUE MARKET CAP ASX: NIS At $0.225/sh (at close 11 Feb 2022) 15.1% $7.5M Nil 9.6% CASH DEBT As at 31 Dec 21 As at 31 Dec 21 Board & Management 7.4% 63.1% $19.6M 7.0M 4.8% Institutional ENTERPRISE VALUE UNLISTED OPTIONS Strike: $0.25, Exp: 18 Oct 24 Other 62
Slide 22: ASX Nickel Sulphide Peer Universe
ASX Nickel Sulphide Peer Universe $855M Market Cap (A$M) $537M EV (A$M) $322M $290M $138M $132M $93M $74M $47M $54M $38M $38M $34M $30M $25M $776M $457M $300M $230M $129M $113M $70M $70M $38M $36M $35M $33M $29M $24M $17M Ownership 100% 100% 100% 90% 100% 60% 100% 100% 80/100% 100% 75% 100% 100% 100
Slide 23: Investment Summary
Investment Summary A dominant land position in a highly A clear exploration strategy led by an prospective greenstone nickel belt experienced & dedicated team with a (>10km strike) proven nickel exploration & production track record Existing, shallow mineralisation open Excellent exposure to an emer
Slide 24: Nickel Market
3 NICKEL MARKET 23
Slide 25: Battery Industry
Battery Industry Source: Bloomberg NEF 24
Slide 26: Demand & Supply
Demand & Supply NICKEL DEMAND AND SUPPLY OUTLOOK LITHIUM-ION BATTERY DEMAND Source: Bloomberg NEF Source: Bloomberg NEF 25
Slide 27: Source: UBS Report Source: Bloomberg NEF
Source: UBS Report Source: Bloomberg NEF 26
Slide 28: Appendix
4 APPENDIX 27
Slide 29: Appendix 1: Mineral Resources
Appendix 1: Mineral Resources Carlingup JORC 2012 Inferred Mineral Resources Resource Target Deposit Tonnes (Mt) Ni % Ni (kt) The Company’s immediate objective is to increase RAV81,2 13.2 0.60% 75 the current Inferred resource to 300kt of contained RAV1, 4, 4 West2 0.52 1.08% 6 nickel through a comb
Slide 30: Appendix 2: ASX Nickel Peer Universe References
Appendix 2: ASX Nickel Peer Universe References Total Resources ASX References ASX Ticker Ownership Containted (Kt Ni) Grade (% Ni) Note Company ASX Ticker Date ASX Announcement Title MCR1 100% 199.0 3.80% 1 28-Oct-21 Kambalda Nickel Operations - October Update Mincor Resources NL MCR CTM3 100% 730.
Slide 31: Appendix 3: JORC Disclaimer
Appendix 3: JORC Disclaimer The information in this document that relates to Exploration Targets, Exploration Results and Mineral Resources in the Report are prepared in accordance with the guidelines of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves J
Slide 32: Nicole Duncan
Nicole Duncan Managing Director Email: nicole.duncan@nickelsearch.com www.nickelsearch.com ASX: NIS
Antares Metals — Investor Presentation (February 2022) on 6ix