Polarx Ltd · ASX:PXX
Polarx — Investor Presentation (October 2017)
27 slides from Polarx's investor presentation, Oct 26, 2017
Slide 1: ASX Announcement: Investor Presentation
ASX Announcement 26 October 2017 For personal use only INVESTOR PRESENTATION PolarX Limited (ASX:PXX) attaches a copy of the investor presentation for its upcoming Australian investor roadshow. For further information please contact: Ian Cunningham Company Secretary +61 8 9226 1356 ianc@polarx.com.a
Slide 2: A new high-grade copper-gold district in Alaska, USA
For personal use only A new high-grade copper-gold district in Alaska, USA ASX:PXX www.polarx.com.au Investor Update, October 2017
Slide 3: High-Grade with Massive Upside
High-Grade with Massive Upside • Mineralised over 35km of strike length For personal use only • Advanced, high-grade copper and gold from surface • Multiple new and larger drill-ready targets • Experienced management and technical team* • Experienced Alaskan team (Millrock Resources Inc)** • Feasibi
Slide 4: Current Resources
Current Resources Mt GOLD g/t COPPER % For personal use only Caribou Dome JORC 2.8 - 3.1 Zackly Non-JORC* 1.5 4.5 2.9 TOTALS 4.3 224,000oz 130,000t • High grade from surface • Only the outcropping areas have been tested • Open at depth and along strike in both directions • Immediate extensional upsi
Slide 5: Capital Structure
Capital Structure Shares (M) Percentage (%) Cash ($M) For personal use only Shares pre-August raising 184 77.0 A$5.5M institutional equity raising 55 23.0 5.5 TOTALS 239 100 5.5 IMMEDIATE PLAN: 2017 Visual discovery confirmation at Zackly Done IP at Zackly, Senator and Mars Done, results pending Dri
Slide 6: Excellent access, pro-mining jurisdiction
Excellent access, pro-mining jurisdiction COMBINED PROJECT PACKAGE: For personal use only • 350km north-east of Anchorage • Excellent infrastructure with road access to both projects • Only 100km east of rail, power and Highway between Anchorage and Fairbanks • All year port at Seward ALASKA, USA: •
Slide 7: Stellar Project - significant Cu-Au anomalism – BIG targets
Stellar Project - significant Cu-Au anomalism – BIG targets Broad spaced (500m) soil sampling shows two highly For personal use only significant copper anomalies, both >250ppm, up to 11km x 6km in size ZACKLY – JUPITER (Porphyry, skarn) • Open in all directions • 2km x 1km soil anomaly at Jupiter wi
Slide 8: Zackly – Part of a much BIGGER SYSTEM
Zackly – Part of a much BIGGER SYSTEM For personal use only OPEN OPEN AT DEPTH OPEN Slide 7
Slide 9: Zackly - advanced high-grade Cu-Au
Zackly - advanced high-grade Cu-Au For personal use only Year Tons Metric tonnes Gold Grade g/t Copper Grade % Silver Grade g/t Project Owner 1982 1,244,000 1,128,345 6.03 2.69 31.9 RAA/Teton 1987 1,407,000 1,276,200 4.51 2.19 28.4 Nerco 1993 1,700,000 1,541,950 4.51 2.90 NA Hemlo Gold • Advanced pr
Slide 10: Zackly Skarn - 3D oblique-sections – CLEAR UPSIDE
Zackly Skarn - 3D oblique-sections – CLEAR UPSIDE For personal use only 1.5Mt @ 4.5 g/t Au, 2.9% Cu* Containing: 44,715 t Cu and 223,600 Oz Au >1500m gap 800m Main Skarn >650m untested IP untested untested untested untested * Denotes historical resource estimate – refer to cautionary statements on p
Slide 11: Zackly - 2017 resource upgrade program
Zackly - 2017 resource upgrade program For personal use only • ~2,000m core drilling completed early Oct 2017 • 12 holes for ~1,600m to twin previous drilling at Zackly Main Skarn for JORC re- classification • HQ/HQ3 diameter core allows sufficient sample for metallurgical test work • Infill and ext
Slide 12: Zackly – High Grade Cu Sulphides in Core
Zackly – High Grade Cu Sulphides in Core For personal use only Phase 1 Phase 2 Bornite Bornite + Chalcopyrite Early iron and molybdenum sulphides in dioritic endoskarn Hole ZM17010, 92.84m Bornite mineralisation in garnetiferous Massive Magnetite + Bornite + skarn, ZM17010, 179.4m Chalcopyrite skarn
Slide 13: Zackly – multiple Cu-Au phases, DEEPER PORPHYRY SOURCE
Zackly – multiple Cu-Au phases, DEEPER PORPHYRY SOURCE For personal use only Slide 12
Slide 14: Mars – strong IP results and geochemistry, PORPHYRY TARGET
Mars – strong IP results and geochemistry, PORPHYRY TARGET • Three lines and one tie-line of IP data collected using pole-dipole array at 100m electrode spacing For personal use only • Strong chargeability anomaly directly below 2km long zone of highly anomalous soil and rock-chip geochemistry 13
Slide 15: Mars – Zackly structural corridor, multiple PORPHYRY TARGETS
Mars – Zackly structural corridor, multiple PORPHYRY TARGETS • WNW structural grain at Zackly extends along strike to the Mars IP anomaly, evident in magnetic imagery For personal use only • Forms a structural corridor containing multiple targets for porphyry Cu-Au deposits (orthogonal to arc) 14
Slide 16: Caribou Dome - shallow, high-grade Cu deposit
Caribou Dome - shallow, high-grade Cu deposit For personal use only • JORC mineral resource estimate: • 2.8Mt at 3.1% copper (at 0.5% lower-cut) for 86,000t of contained Copper • 60% in the top 150m including 935,000t @ 4.4% • High grade, sediment-hosted • Drill intersections over >800m strike-lengt
Slide 17: Caribou Dome - multiple IP and Cu anomalies
Caribou Dome - multiple IP and Cu anomalies • Known mineralisation shows a strong IP and geochemical response For personal use only • Strong IP anomalies often coincide with a strong copper in soils, many un-tested co-incident anomalies • Transported cover masks the geochemistry over some of the bes
Slide 18: Caribou Dome - Metallurgy
Caribou Dome - Metallurgy For personal use only An independent flotation specialist has been undertaking metallurgical testwork: Lenses 4/5/6 • Two phases of testwork completed on a composite sample that graded 5.03% Cu: • Recoveries >95% Cu have been achieved during rougher flotation tests • Concen
Slide 19: Immediate project pipeline
Immediate project pipeline For personal use only SENATOR Cu TARGET MARS PORPHYRY Cu-Au TARGET • Extensive gossans in a 5km long copper in soil anomaly • 2.0km x 1.5km geochemical soil anomaly, Cu, Au, Ag, Mo • Up to 12.1% Cu at surface in rock-chips • Core zone with up to 7.4% Cu, 1.8g/t Au in rock-
Slide 20: Combined work programs 2017-18
Combined work programs 2017-18 For personal use only CARIBOU DOME PROJECT STELLAR PROJECT ü Mapping and IP at Senator ü IP at Zackly, Zackly East, Zackly West ü Review of structural geology at Caribou Dome ü Twin existing drill holes at Zackly Main Skarn ü Commence environmental surveys ü Additional
Slide 21: Concluding Statements
Concluding Statements • Big holding of high quality, high-grade copper-gold assets in mining friendly Alaska, USA For personal use only • Advanced projects – early exploration risk removed, numerous new targets • Massive upside from new targets and deeper source • Management with proven experience i
Slide 22: Cautionary Statements
Cautionary Statements For personal use only This presentation has been prepared by PolarX Limited (“PolarX”) to assist in informing interested parties about the Companies and their progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in either C
Slide 23: Management team with track-record
Appendix 1 Management team with track-record MARK BOJANJAC A Chartered Accountant initially with over 25 years’ direct experience in developing resource companies. A founding director of Gilt-Edged Mining For personal use only B.Com, ICAA Limited which discovered one of Australia’s highest grade gol
Slide 24: Appendix 2: Mitchell River Group Pty Ltd
Appendix 2: Mitchell River Group Pty Ltd • MRG is a privately owned Australian For personal use only venture capital, resource management and development group • Provides comprehensive technical, commercial and management services to multiple ASX-listed companies. • Current clients include ASX-liste
Slide 25: Appendix 3: Millrock Resources Inc.
Appendix 3: Millrock Resources Inc. For personal use only • 10.8% shareholder of PolarX • Provide on-ground exploration logistics under PolarX management at cost +10% • Office in Anchorage, Alaska • 20+ years Alaskan exploration experience • TSX-V listed • CEO is also an Alaskan Minerals Commission
Slide 26: Appendix 4: Ownership/Royalty
Appendix 4: Ownership/Royalty 3% State net income production royalty on all claims For personal use only • • 100% ownership of Stellar Project • Altius Royalty on core Stellar claim blocks: • 2% NSR for precious metals • 2% Gross value royalty on U3O8 • 1% NSR for other metals (including Cu) • Millr
Slide 27: A high-grade copper-gold district in Alaska, USA
For personal use only A high-grade copper-gold district in Alaska, USA ASX:PXX www.polarx.com.au Investor Update, October 2017 For further information please contact: Mark T Bojanjac Executive Chairman mark@morella.net.au Frazer Tabeart Managing Director/CEO frazert@polarx.com.au 26