Duketon Mining Ltd · ASX:DKM
Duketon Mining — Investor Presentation (March 2023)
20 slides from Duketon Mining's investor presentation, Mar 22, 2023
Slide 1: Advancing the Duketon Nickel Project
Advancing the Duketon Nickel Project Perth March 2023 ASX: DKM 1 www.duketonmining.com.au
Slide 2: Cautionary Statement
Cautionary Statement This presentation has been prepared by Duketon Mining Limited (“Duketon”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though Duketon has no
Slide 3: Company Snapshot
Company Snapshot About Duketon Mining Shareholder Information - as at 20 March 2023 Duketon Mining Limited is a Western Australia focused mineral resources Harmanis 18.4% Holdings exploration and development company with flagship nickel projects at Rosie and Institutional Rosie & C2 9.2% Nickel Reso
Slide 4: Experienced Board and Management
Experienced Board and Management SEAMUS CORNELIUS – Non-Executive Chairman Mr Cornelius is an experienced international corporate lawyer and company director. He was a partner with a major international law firm from 2000 to 2010 and resided in China from 1993 until 2017. In 2010, Mr Cornelius comme
Slide 5: Investment Highlights
Investment Highlights HIGH DEMAND FOR NICKEL Electric vehicle batteries Commodity for a clean future Class 1 nickel sources likely to demand a premium POTENTIAL UPSIDE Exploration upside within Duketon Belt - drilling and gpx underway Rosie & C2 open along strike and at depth DEVELOPMENT OPTIONS UND
Slide 6: Cannon Resources ASX announcement 10 October 2022
* *Cannon Resources ASX announcement 10 October 2022.
Slide 7: Strategic Location/Value Proposition
Strategic Location/Value Proposition Large land position – multiple projects 102,500t of nickel metal in JORC resources 14,200t of copper metal in JORC resources 255koz PGE’s in JORC resources Positive metallurgical results at Rosie and C2 Positive scoping study at Rosie Access to most prospective t
Slide 8: 102kt Ni, 14kt Cu, 255koz PGE's & growing
102kt Ni, 14kt Cu, 255koz PGE’s & growing Rosie Nickel Deposit Mineral Resource Estimate 2022 56,300t nickel, 11,800t copper, 229,000oz PGE’s C2 Nickel Deposit Mineral Resource Estimate 2022 46,300t nickel, 2,340t copper, 25,680oz PGE’s Both deposits open at depth and along strike See ASX announceme
Slide 9: Positive Scoping – Platform for Growth
Positive Scoping – Platform for Growth Confirms the viability of a mining, trucking & toll treating operation assuming an 8-year mine life Ni price of US$8/lb (range US$7.50/lb to US$8.50/lb) NPV5 of ~$161M (range $56M to $204M) IRR of ~54% (range 21% to 66%) Pre-tax cashflow of ~$223M (range $91M t
Slide 10: www.duketonmining.com.au
10 www.duketonmining.com.au See ASX Announcement 9 September 2021
Slide 11: Rosie Drill Core
Rosie Drill Core High Tenor, Simple Mineralogy, High PGE’s 9.22m @ 4.96% Ni, 0.41% Cu & 2.41 g/t Pt+Pd including 5.65m @ 7.1%Ni, 0.5%Cu & 3.8g/t Pt+Pd 2.95m @ 3.13% Ni 0.40% Cu & 3.74g/t PGEs Multiple thick high grade zones. See ASX Announcement 2 December 2014 www.duketonmining.com.au 11
Slide 12: C2 Resource
C2 Resource Large Tonnage & Continual Growth See ASX Announcement 12 December 2022 www.duketonmining.com.au 12
Slide 13: Positive Met. Testwork
Positive Met. Testwork Rosie Nickel Deposit Ni recovery up to 97% Nickel conc. grade 16% Ni and 7g/t total PGE’s from massive ore (conc. Grade up to 22%) Bulk conc. grade 15% (Ni+Cu) and 12g/t total PGE’s from upper zone High Fe:MgO 8-64:1 PGE’s recoverable by gravity >8g/t total PGE’s – optionalit
Slide 14: Rosie and C2 nickel deposits map
C2 NICKEL DEPOSIT 403,000 mE 404,000 mE 401,000 mE 402,000 mE 8.1MT @ 0.6% Ni 1 kilometre 6,945,000 mN 6,945,000 mN M38/1252 STBTAC044 4m@1.52% Ni ROSIE NICKEL DEPOSIT STBTAC011m 2.8MT @ 2.0% Ni (3.27% NiEq) 20m@0.81% Ni TBDD141m 7.19m@1.05% Ni 17M@0.55% Ni 6,944,000 mN 6,944,000 mN DKDD0035 5.5m of
Slide 15: Tate – Mafic Intrusive Model
Tate – Mafic Intrusive Model Magnetics show interpreted intrusives with remnant magnetism (likely to be late in time) 8m of transported cover Historic regional AC drilling (BHP) - intersected mafic rocks Aircore drilling planned See ASX Announcement 28 April 2022 & November 2022 www.duketonmining.co
Slide 16: Timeline – Upcoming Activity
Timeline – Upcoming Activity • Diamond Drilling - The Bulge Mar • Downhole Electromagnetics - The Bulge • Updated Toll Treating/ Combined Op Mining Study Apr • Assays for Rosie West expected • Heritage Survey Tate May • RC Drilling - The Bulge • Aircore Drilling - Tate/Various June • Assays for Rosi
Slide 17: Concluding Remarks
Concluding Remarks MINING STUDY Study being refined based on updated resource models Assessing standalone concentrator, Rosie + C2 EXPLORATION Diamond Drilling underway RC drilling scheduled CORPORATE Cash (+ liquids) balance of ~$18.2M Market Capitalisation $37.8M Enterprise Value $19.6M LEVERAGED
Slide 18: Stuart Fogarty Managing Director Duketon Mining Limited
Stuart Fogarty Managing Director Duketon Mining Limited Level 2, 25 Richardson Street West Perth WA 6005 Ph: +61 8 6315 1490 Website: duketonmining.com.au Email: admin@duketonmining.com.au www.duketonmining.com.au 18
Slide 19: Appendix : Duketon Nickel Resources
Appendix 1 : Duketon Nickel Resources Rosie Nickel Resource >1% NiEq Total Ni Cu Co NiEq Classification Sulphide Tonnes PGEs (%) (%) (ppm) (%) (g/t) Pentlandite 1,191,555 2.4 0.42 642 2.7 3.76 Indicated Violarite 820,999 1.7 0.39 504 2.5 2.75 Sub-Total 2,012,553 2.1 0.41 585 2.6 3.35 Pentlandite 694
Slide 20: Appendix : Duketon Nickel Resources
Appendix 1 : Duketon Nickel Resources C2 Nickel Resource >0.4%Ni Classification Tonnes Ni (%) Cu (%) Pd (ppb) Pt (ppb) S (%) Indicated 7,955,751 0.57 0.03 56.7 42.8 1.7 Inferred 107,790 0.44 0.01 34.7 31.4 0.5 Total 8,063,541 0.57 0.03 56.5 42.7 1.7 Table 3. C2 Mineral Resource Grade Resource Catego