Anax Metals Limited · ASX:ANX
Anax Metals — Investor Presentation (August 2024)
29 slides from Anax Metals's investor presentation, Aug 7, 2024
Slide 1: Whim Creek Copper Production & Processing Hub
ASX:ANX AUGUST 2024 WHIM CREEK COPPER PRODUCTION & PROCESSING HUB For personal use only PILBARA REGION WESTERN AUSTRALIA
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Anax Metals Limited (the Company) based on information from its own, and third-party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, despatch or provision of this pr
Slide 3: Anax Metals Overview
For personal use only ANAX METALS OVERVIEW 3
Slide 4: Whim Creek
WHIM CREEK Fully Permitted & Established Mine Site Positioned to become the Pilbara copper hub Port For personal use only Hedland STRATEGICALLY POSITIONED PROCESSING HUB IN THE PILBARA Karratha 1 Ability to treat primary and secondary ore through concentrator and heap leach WHIM CREEK Cu-Zn PROJEC
Slide 5: Whim Creek Copper Project Summary
WHIM CREEK COPPER PROJECT SUMMARY Near Term Copper Production – Fully Permitted with Existing Infrastructure For personal use only Fully permitted and established mine site with approval for 1 in-pit tailings disposal. 2 Development studies confirm production of metal over an initial 8-year life. NP
Slide 6: Growth - The Benefits of Consolidation
GROWTH - THE BENEFITS OF CONSOLIDATION Ideally positioned to become a copper processing hub for the Pilbara For personal use only 1 Permitted infrastructure is ideally suited for a regional processing hub. Whim Creek will have the facilities to treat oxide, transitional 2 and primary sulphides ores
Slide 7: Production Hub - Leveraging Whim Creek Infrastructure
PRODUCTION HUB – LEVERAGING WHIM CREEK INFRASTRUCTURE Centralised processing hub capable of treating a range of base metal ores to drive production growth For personal use only Joint Study of Sulphur Springs with Base Metal Alliance with Develop Global1 GreenTech Metals2 Mar 24: Scoping study comm
Slide 8: Whim Creek Exploration - Immediate Organic Growth
WHIM CREEK EXPLORATION – IMMEDIATE ORGANIC GROWTH Located in the highly prospective Archean granite- 1 greenstones of the Pilbara region, encompassing For personal use only the width of the Whim Creek Greenstone Belt. Near mine extensions to known copper-zinc-lead 2 VMS resources remain underexplore
Slide 9: Whim Creek Exploration
WHIM CREEK EXPLORATION Comprises multiple lenses with 2 main high- 1 grade Zn-Pb-Ag-Au massive sulphide zones Salt Creek and 2 x Cu rich zones open down plunge. For personal use only Excellent down plunge and strike potential 2 for blind massive sulphide shoots. 1 Low grade VMS style mineralization
Slide 10: Upcoming Planned Works
UPCOMING PLANNED WORKS Progressing the Whim Creek project into production and beyond 1 2 3 4 For personal use only Resource extension Third party treating Project development Project Financing drilling scoping studies works underway 2024 2025 ANAX SCHEDULE Q3 Q4 Q1 Q2 Evelyn Resource Extension Whim
Slide 11: Capital Structure
CAPITAL STRUCTURE Capital Structure Summary Volume ASX Code ANX (A$) Share Price History 6 Months (‘000) Share Price 31/07/24 $0.023 0.08 80,000 Market Capitalisation $15.93M 0.07 70,000 For personal use only Cash at 30 June 2024 $4.095M 0.06 60,000 Notes at 31 July 20241 $3.1M 0.05 50,000 Shares o
Slide 12: Environmental, Social and Governance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE 1 2 3 For personal use only ENVIRONMENTAL SOCIAL GOVERNANCE Anax is actively pursuing a development strategy Strong community involvement Experienced and diverse board for Whim Creek including integration of Ore-sorting and Bioleaching into mining operations:
Slide 13: Whim Creek Project
For personal use only WHIM CREEK PROJECT 13
Slide 14: Whim Creek Project
WHIM CREEK PROJECT A Processing Hub With Sorting, Concentrator And Heap Leach Facilities Whim Creek Overview Location 120 km from Port Hedland and Karratha For personal use only Mineralisation VMS Site Haul Roads, Workshops, Offices, Bore Infrastructure field, Crushing Plant, Heap and Ponds, SX and
Slide 15: Whim Creek Concentrator DFS
WHIM CREEK CONCENTRATOR DFS Average 10ktpa of Cu Eq production over 8-year life - $224M NPV / 54.3% IRR Concentrator DFS highlights a technically and economically CONCENTRATOR DFS3 OUTCOME UNIT 1 For personal use only robust polymetallic project and strategic processing hub with Nameplate Process Th
Slide 16: Whim Creek Project Open Pits
WHIM CREEK PROJECT OPEN PITS 1 MONS CUPRI DEPOSIT TOTAL: STRIP RATIO 1 2.55 Mt @ 1.09% Cu, 2 4.6 TO 1 1.29% Zn, 0.56% Pb, 29 For personal use only g/t Ag and 0.19 g/t A ORE 3 MINED STAGES 3 Produced in Month 2 4 NW Pit, Main Pit starter, Final pit WHIM CREEK DEPOSIT TOTAL: STRIP RATIO 1 720 Kt @ 1.5
Slide 17: Whim Creek Exploration
For personal use only WHIM CREEK EXPLORATION 17
Slide 18: Whim Creek Exploration - Prospect Triangle
For personal use only WHIM CREEK EXPLORATION - PROSPECT TRIANGLE DFS/ Mons Cupri, Whim Creek, Salt Creek, Evelyn PFS Potential resource & Mons Cupri, Northwest extensions Pit, Salt Creek Deeps Primary bedrock ACL, Mons Cupri South, Intersections Croydon May’s Find (Au), Loudens (Au), Quartz Hill (Au
Slide 19: Evelyn Growth Potential
For personal use only EVELYN GROWTH POTENTIAL 1,2 Longhole Open Stopping (bottom-up) at 20 m level spacings, 1 unconsolidated backfill 2 Open down plunge, previous hole drilled intersected 13 m @ 4.46% Cu, 3.10% Zn, 45 g/t Ag and 1.61 g/t Au from 204m 3 Production Target (Indicated + Inferred) of 58
Slide 20: Evelyn Regional Exploration M47/1455
EVELYN REGIONAL EXPLORATION M47/1455 >3km Conductive Stratigraphy TARGET: 1 One or more Evelyn-type VMS discoveries. For personal use only Conductive Stratigraphy offset SETTING: by E-W Fault 2 Numerous untested EM anomalies over the prospective horizon were identified from Airborne EM and Magnetics
Slide 21: Salt Creek Growth Potential
SALT CREEK GROWTH POTENTIAL 1 Underground – Salt Creek Modified Avoca mining method at 20 m level spacings, 1 unconsolidated backfill, 3-year mine life. For personal use only Production Target (Indicated + Inferred) of 962Kt @ 1.34% Cu, 2 5.40% Zn, 1.85% Pb, 45 g/t Ag and 0.27 g/t Au. 3 Reserve = 78
Slide 22: Mons Cupri South Exploration
MONS CUPRI SOUTH EXPLORATION Mons Cupri is located 1km For personal use only HISTORICAL WORK: 1 1969 Texasgulf – 5 x 200m spaced DDH in one traverse. 1991 Dominion –IP and 2 short RC holes to ~80m depth. 2011 Venturex –10 x 300m spaced DDH’s- VWD series. OUTCOME: 2 Low grade VMS style minera
Slide 23: The Right Team
For personal use only THE RIGHT TEAM 23
Slide 24: Highly Experienced Board of Directors
HIGHLY EXPERIENCED BOARD OF DIRECTORS PHILLIP JACKSON Barrister and solicitor with significant legal and international corporate (Barrister and Solicitor) experience, specialising in the areas of commercial and contract law, mining and energy law and corporate governance. He has been a For personal
Slide 25: Management Team
MANAGEMENT TEAM JENINE OWEN Jenine joined Anax in 2020, where she is responsible for corporate For personal use only (BCompt, CAANZ, GAICD) risk management, financial management and financial reporting. She is a Chartered Accountant with extensive finance and commercial Chief Financial Officer exper
Slide 26: Appendices
For personal use only APPENDICES 26
Slide 27: Appendix 1: Resources and Reserves
APPENDIX 1: RESOURCES AND RESERVES RESERVES Ore Cu Zn Pb Ag Au Classification Deposit Mt % % % ppm ppm For personal use only Mons Cupri 1.06 1.46 1.58 0.68 38 0.28 Proven Sub-total 1.06 1.46 1.58 0.68 38 0.28 Mons Cupri 1.49 0.83 1.08 0.47 23 0.14 Whim Creek 0.72 1.54 1.14 0.15 7 0.06 Probable Evely
Slide 28: Appendix 4: Source Documents (Whim Creek Processing Hub)
APPENDIX 4: SOURCE DOCUMENTS (WHIM CREEK PROCESSING HUB) Company Name Source Documents Sabre Resources https://www.asx.com.au For personal use only Artemis Resources: https://www.alienmetals.uk • Carlo Castle • Munni Munni https://www.asx.com.au Develop: https://www.develop.com.au/ • Kangaroo Caves
Slide 29: Contact
For personal use only Contact: Geoff Laing (Managing Director) Address: Ground Floor West, 20 Kings Park Road E-mail: info@anaxmetals.com.au Phone: +61 8 6143 1840 Website: www.anaxmetals.com.au 29