Hammer Metals Limited · ASX:HMX
Hammer Metals — Investor Presentation (January 2019)
22 slides from Hammer Metals's investor presentation, Jan 29, 2019
Slide 1: Investor Presentation January 2019
Hammer Metals Limited ABN. 87 095 092 158 Investor Presentation January 2019 Hammer Metals Limited Suite 1, 827 Beaufort Street Mt Lawley Western Australia 6052 For more information contact: P: +61 8 6369 1195 Russell Davis, Chairman - russell@hammermetals.com.au Mark Whittle, Chief Operating Office
Slide 2: Corporate Snapshot
Corporate Snapshot The Hammer board has extensive technical and corporate experience Capital Structure Significant Shareholders Directors and Management Share Price (23/01/19) $0.02 Deutsche Rohstoff 13% Geologist with +30 years’ of exploration Shares on Issue 278m Resource Capital Fund VI 9% Russel
Slide 3: Who is Hammer Metals?
Who is Hammer Metals? • Focussed on the world-class Mount Isa Mineral Province • Large (2,500km2) tenement holding • Principal target is a Tier 1 copper-gold deposit • Experienced and capable team of explorationists including Ziggy Lubieniecki (AMEC’s 2015 Prospector of the Year for the Gruyere disc
Slide 4: Progressing a range of early stage to advanced projects
Progressing a range of early stage to advanced projects • Four advanced deposits • Two exploration targets at resource drill-out stage • Two high quality IOCG grassroots targets in Perentie and the Mt Philp Breccia • Mining studies planned for Jubilee, Elaine, Kalman & Overlander to examine developm
Slide 5: Jubilee Deposit: Copper-Gold
Jubilee Deposit: Copper-Gold • Joint Venture with MIM. HMX 51% and operator. 1km from bitumen highway and 55km from Mount Isa • First metallurgical study complete – 99% Cu recovery, 87% Au recovery to concentrate • Open at depth and along strike • Seeking commercial outcomes • Pit optimisation studi
Slide 6: Jubilee Deposit: Copper-Gold
Jubilee Deposit: Copper-Gold Long section (looking west) through Jubilee with significant intercepts Cross section (looking north) through Jubilee with significant intercepts Refer to HMX ASX announcement dated November 12th and December 20th, 2018 Hammer Metals Limited (ASX:HMX) Presentation 6
Slide 7: Elaine Deposit: Copper-Gold
Elaine Deposit: Copper-Gold • 2km from bitumen highway - 55km to Mount Isa • Broad copper intersections – 206m at 0.53% Cu & 159 metres at 0.5% Cu • High grade gold – 30m at 6.7g/t Au and 26m at 1.7g/t Au and 0.24% Bi • Preliminary metallurgic study - Cu recovery >90% to concentrate • Multiple targe
Slide 8: Black Rock and Sunset Prospects - Copper-Gold
Black Rock and Sunset Prospects - Copper-Gold • 5km west of Jubilee, 2km from bitumen highway, 50km to Mount Isa. • Potential for large tonnage Elaine style copper-gold deposit • 2019 drill planning underway Oblique photo looking south showing the location of Black Rock and Sunset Refer to HMX ASX a
Slide 9: Black Rock and Sunset Prospects - Copper-Gold
Black Rock and Sunset Prospects - Copper-Gold Long section through Black Rock looking West Cross section looking north Refer to HMX ASX announcement dated October 30th Hammer Metals Limited (ASX:HMX) Presentation 9
Slide 10: Kalman Deposit: Copper-Gold-Molybdenum-Rhenium
Kalman Deposit: Copper-Gold-Molybdenum-Rhenium • Open pit and underground potential, open at depth • Strategy to use Kalman for base load plant feed • Further pit optimisation studies planned for 2019 Classification Mining Method CuEq Cut-Off Tonnes Cu Eq % Cu % Mo % Au g/t Ag g/t Re g/t Indicated O
Slide 11: Millennium Deposit: Copper-Cobalt-Gold
Millennium Deposit: Copper-Cobalt-Gold • JV with GEMC – Sale of HMX 75% interest in progress • Maiden Mineral Resource in November 2016. Open at depth. Untested target zone along strike to north • First metallurgical study complete. Cu recovery 95.1%, Co recovery 95.4%, Au recovery 81.4% to concentr
Slide 12: Overlander Deposit: Copper-Cobalt
Overlander Deposit: Copper-Cobalt • Large mineralised system - 6km of strike and 6km west of Kalman • Consists of a shear zone hosted mineralisation (Overlander North and South deposits), a central zone of rhyolite breccia hosted mineralisation and a northern IOCG target. • Current resource 1.8 Mt a
Slide 13: Perentie Project – Copper-Gold
Perentie Project – Copper-Gold • Large regional-scale alteration zone with 30+ targets. 2 target styles • Related to demagnetised zones (e.g. Judith) • Related to coincident gravity and geochemistry (Orphan) • Scout drilling (15 holes, 1329m) and a SAM survey completed in early December on Paddy B,
Slide 14: Mount Philp Breccia IOCG Target: Copper-Gold
Mount Philp Breccia IOCG Target: Copper-Gold • Very large breccia complex (+20km2) with extensive alteration, brecciation and intrusive activity • Never previously assessed for IOCG mineralisation – Tier 1 grassroots target. Received government grant to partly fund future work Mt Philp Breccia Mt Ph
Slide 15: Mount Philp Breccia IOCG Target: Copper-Gold
Mount Philp Breccia IOCG Target: Copper-Gold • Portable XRF Cu response defines multiple targets. Lab Au analyses in progress • Gravity, aeromagnetic interpretation and mapping to generate drill targets Refer to HMX ASX announcements dated December 11th and January 24th (2019) Hammer Metals Limited
Slide 16: Hammer is leveraged to a rising copper and gold price
Hammer is leveraged to a rising copper and gold price • Extensive ground position in the Mt Isa Mineral Province prospective for a range of metals • Substantial Cu-Au-Mo-Co-Fe resource inventory – HMX is progressing advanced targets through to production • Multiple large-scale targets – HMX is focus
Slide 17: Appendix
Appendix Hammer Metals Limited ABN 87 095 092 158 ASX: HMX Suite 1, 827 Beaufort Street, Mt Lawley, Western Australia 6052 P: +61 8 9271 0149 www.hammermetals.com.au 17
Slide 18: Explanatory Statements
Explanatory Statements Disclaimer Resource Estimates This presentation by its nature contains summarised information. See Hammer’s other periodic and continuous Where the Company refers to Mineral Resource Estimates for the following projects: disclosure announcements lodged with the Australian Secu
Slide 19: Kalman Resource Estimate & Notes on Copper Equivalence Calculation and Metallurgical Recoveries
Kalman Resource Estimate & Notes on Copper Equivalence Calculation and Metallurgical Recoveries The Kalman Mineral Resource Estimate was updated in August 2016 in accordance with the JORC Code (2012 Edition). (Refer to the ASX Release dated 27th September 2016 for full details of the Resource Estima
Slide 20: Millennium Resource Estimate & Overlander Mineral Resource Estimate
Millennium Resource Estimate & Notes Overlander Mineral Resource Estimate on Copper Equivalence Calculation The Millennium Mineral Resource Estimate was conducted in December 2016 in accordance with the JORC Code (2012 The 100%-owned Overlander Project is situated 60 kilometres to the southeast of t
Slide 21: Jubilee Mineral Resource Estimate; Elaine Project Mineral Resource Estimate
Elaine Project Mineral Resource Estimate & Notes on Copper Jubilee Mineral Resource Estimate Equivalence Calculation and Metallurgical Recoveries The 51%-owned Jubilee Deposit is situated 50 kilometres west of Mount Isa in North West Queensland. The 100%-owned Elaine Cu-Au deposit is situated on gra
Slide 22: Mt. Philp Mineral Resource Estimate Overlander and Black Rock Exploration Targets
Mt. Philp Mineral Resource Estimate Overlander and Black Rock Exploration Targets Exploration Targets The Mineral Resource Estimate is based on 48 diamond and reverse circulation (RC) drillholes completed in 2011 for a total of 3,801 metres (m). Drilling comprises fans located on a nominal 100 m pat