Enterprise Metals Limited · ASX:ENT

Enterprise Metals — Investor Presentation (March 2012)

38 slides from Enterprise Metals's investor presentation, Mar 4, 2012

  1. Slide 1: Investor Presentation Toronto

    Enterprise Metals Limited Investor Presentation Toronto 4 March 2012 www.enterprisemetals.com.au

  2. Slide 2: Disclaimer

    —) Enterprise Metals Limited Disclaimer This document has been prepared by Enterprise Metals Ltd (“Enterprise” or “the Company”) to provide an update of the Company to investors and potential new shareholders. This presentation should be read in conjunction with other public announcements and report

  3. Slide 3: Capital structure and major shareholder

    Enterprise Metals Limited Issued Capital 203.22 million shares Share price $0.175 (close 29 Feb 2012) Market Capitalisation $35.5 million Cash at bank ~$11.5 million @ 31 Dec 2011 ________________________ _______________________________ Listed & Unlisted Options 84.0 million @ 25 cents (6/2012 - 7/2

  4. Slide 4: Enterprise Metals corporate structure

    } Enterprise LNT Metals Limited ENTERPRISE METALS LTD ENTERPRISE ENTERPRISE ENTERPRISE ENTERPRISE IRON PTY LTD URANIUM PTY LTD GOLD PTY LTD EXPLORATION PTY LTD

  5. Slide 5: Subsidiary of Sinotech Minerals Exploration Co., Ltd.

    Enterprise Metals Limited  Subsidiary of Sinotech Minerals Exploration Co., Ltd.  Beijing Institute of Geology for Mineral Resources (BIGM) is major shareholder (45%).  Focus is exploration, mine development and geo-services.  Enterprise is first equity investment in Australia.  Sinotech aims t

  6. Slide 6: Investment in foreign public companies, our strategy

    Enterprise Metals Limited “Investment in foreign public companies, our strategy”  Discover well-credited junior exploration companies with good properties.  Provide financial and technical support, even properties if necessary.  Adjust our shareholding position according to corporate demand & mar

  7. Slide 7: Directors

    Enterprise DIRECTORS Metals Limited Dr. Jingbin Wang BSc, MSc, PhD - Chairman (Non-Executive)  Geologist with 26 years multi-commodity, multi-national experience Dermot Ryan BApSc(Geo), FAusIMM, CP (Geo) - Managing Director  Geologist with 34 years multi-commodity experience Paul Hallam BE Mining

  8. Slide 8: Project Locations

    Enterprise Project Locations Metals Limited Iron Ore Uranium  Booylgoo  Yalgoo  Burracoppin  Yalgoo South  Earaheedy  Byro  Sylvania  Harris Lake  Ponton  Darlot Gold Base Metals  Darlot  Doolgunna  Burracoppin  Darlot  Wattagee  Wattagee  Fraser Range  Yalgoo

  9. Slide 9: Massive hematite & goethite outcrop, Sylvania Project

    Enterprise Metals Limited Massive hematite & goethite outcrop, Sylvania Project

  10. Slide 10: Sylvania Project

    Enterprise Sylvania Project Metals Limited Targets: 1. Proterozoic hematite, “Hamersley style.” 2. Channel Iron (CID) or Detrital Iron (DID) on Fortescue River Fault. 2012: POW approved. 1 Heritage survey completed, 1 awaited. RC drill test of CID/DID and hematite targets. Outcropping Joffre Hematit

  11. Slide 11: Burracoppin project location and infrastructure

    0000094 Edna May Auy pe ‘aT 20km | ® Gold Mine * Pe > > |-+ Railway \ \ — i - °% a Archaean Greenstone belt hosting BIF within gneissic terrane. > Heavy duty standard gauge railway, water, power, other services. > Deepwater ports at Kwinana and Esperance. LNT Enterprise Metals Limited

  12. Slide 12: 50km strike of Archaean Westonia greenstone belt

    Enterprise Metals Limited  50km strike of Archaean “Westonia” greenstone belt (Fe, Au potential)  Some scattered outcrops of Bif and goethite and some hematite scree.  Same rocks as host Edna May gold mine. (100,000oz pa gold producer)  Flat, deeply weathered, little outcrop, “farmers wheat padd

  13. Slide 13: 100m line spaced aeromagnetic surveys flown by Enterprise

    Enterprise Metals Limited  100m line spaced aeromagnetic surveys flown by Enterprise.  10’s km of linear magnetic anomalism defined, some associated with subcropping & mapped Bif.  Magnetic lows may represent deep weathering & hematite.  Gold potential at Burgess Find.

  14. Slide 14: Burgess Find Gold Target

    Enterprise Metals Limited Burgess Find Gold Target  High grade gold in veins at sheared contact between mafic/ultramafic unit to west and gneiss to east.  Soil sampling indicates gold anomalism over 2km of strike.  Soil sampling not completed due to transported cover.  Limited shallow historical

  15. Slide 15: Located south of Golden West's Wiluna West Resource

    Enterprise Metals Limited Located south of Golden West Ltd’s “Wiluna West “ Resource: 127Mt @ 60% Fe. 2012:  Detailed ENT magnetic/radiometric survey.  28km strike magnetic Bif.  Limited rockchip sampling : grades 25 - 62%Fe.  Detailed mapping and sampling required to firm up high grade targets.

  16. Slide 16: Earaheedy Project

    Enterprise Earaheedy Project Metals Limited Targets: Channel Iron (CID) & Detrital Iron (DID) deposits (eg Koodaideri like)  Proterozoic Bif’s in Earaheedy/Nabberu Basin. 600sq km, granted April 2011.  “Magnetic channels” - 400m line spaced magnetics suggest CID/DID’s present.  2011: 100m Airborn

  17. Slide 17: Earaheedy Project

    Enterprise Earaheedy Project Metals Limited 2012 Plan: RC drilling Test gravity profiles 2011: Detailed 100m Airborne magnetic/radiometric survey

  18. Slide 18: Gold & Base Metals Projects

    Enterprise GOLD & BASE METALS PROJECTS Metals Limited Doolgunna Heritage Survey Doolgunna Station – Exploration Basecamp

  19. Slide 19: Gold & Base Metals Strategy

    Enterprise GOLD & BASE METALS STRATEGY Metals Limited GOLD Explore below known oxide gold zones for high grade primary ore, within trucking distance of competitors Mills. Eg. Darlot, Yalgoo, Burracoppin. BASE METALS Explore prospective Proterozoic Volcanics and Sediments near De Grussa (VMS and sedi

  20. Slide 20: Doolgunna Project - Competitors

    Enterprise Doolgunna Project - Competitors Metals Limited Sandfire Resources NL DeGrussa VMS Discovery 2009  10.67 million tonnes  5.6% Cu  1.9g/t Au  15g/t Ag  600,000 tonnes copper  660,000 ounces gold  5.1m ounces silver  Plan Revenue: $4.2B  Cashflow (pre-tax): $2.4B

  21. Slide 21: Doolgunna Project

    Enterprise DOOLGUNNA PROJECT Metals Limited 2011: Detailed 100m airborne magnetic survey completed. RC drilling: 3 soil/IP targets. 8m @ 1% Cu along Goodin Fault. 2012: Aircore drilling along Goodin Fault & Southern Boundary Fault for oxide Cu “blankets” over primary Cu sulphides.

  22. Slide 22: Doolgunna Project

    Enterprise Doolgunna Project Metals Limited Sediment Hosted Cu(Zn) targets  “Doolgunna Graben” concept.  Potential for “Isa” or “Zambian” style massive sulphides along Southern Boundary Fault (SBF ~80km).  Expect deep oxidation(~60-80m) & extensive secondary Cu blankets over primary ore zones. 

  23. Slide 23: Darlot Project

    Enterprise Darlot Project Metals Limited Historic Gold drilling results on magnetics Targets: Archaean Orogenic Au deposit & VMS Cu/Zn deposits  Excellent gold/base metal targets based on previous RAB drilling & structural interpretation.  Favourable stratigraphy, under- drilled.  Hungry mill at

  24. Slide 24: Darlot North

    Enterprise Darlot North Metals Limited Modelled IP Chargeability Section over 1st VD Magnetic Image IP IP Chargeability 2D Model IP Chargeability 2D Model

  25. Slide 25: Darlot South

    Enterprise Darlot South Metals Limited Target: Archaean VMS Cu/Zn deposits Volcanics hosting Jaguar and Bentley, present in ENT tenements. Area drilled for gold 1980 - 1990’s. 2011: Existing drill hole spoil re- sampled for base metals (inc Cd) and alteration minerals associated with expected VMS

  26. Slide 26: Calcrete outcrops, Yalgoo Project

    Enterprise Metals Limited Calcrete outcrops, Yalgoo Project

  27. Slide 27: Uranium Strategy

    Enterprise URANIUM STRATEGY Metals Limited 2010/2011: Airborne mag/rad surveys to identify calcrete or sandstone hosted uranium targets. 2012: Plus new targets from Gov’t survey at Yalgoo South… Aircore/RC drill testing. Preparation for IPO. Cornerstone investor search. List ENT Uranium on TSX-V

  28. Slide 28: Roll Front Uranium Model

    Enterprise Roll Front Uranium Model Metals Limited RGB Radiometrics Isometric projection Model for Sand or Sandstone Hosted Uranium deposits

  29. Slide 29: Calcrete Uranium Model

    Enterprise Calcrete Uranium Model Metals Limited Model for Calcrete Hosted Uranium deposits

  30. Slide 30: Yalgoo Project

    Enterprise Yalgoo Project Metals Limited Uranium channel 2011: Detailed airborne survey. Heritage Survey completed Nov 2011. 2012: Aircore drill testing. (March) 29ppm U 50ppm U 250ppm U Up to 418ppm U

  31. Slide 31: Byro Project

    Enterprise Byro Project Metals Limited RGB Radiometric Image Uranium Targets 1. Calcrete hosted deposit  Strong airborne radiometric response in Murchison Channel 170km U anomaly.  Awaiting grant of tenements. 2. Sandstone hosted deposit  2011: 100m Airborne Survey.  Uranium anomaly west of Wool

  32. Slide 32: Byro Project

    Enterprise Byro Project Metals Limited 52,500 tonnes U3O8 @ 1,500ppmU3O8 Strong analogy between Byro and Yeelirrie, Australia’s largest calcrete hosted Uranium deposit

  33. Slide 33: Yalgoo South Project

    Enterprise Yalgoo South Project Metals Limited Uranium (Red) over Digital Terrain Image RGB Radiometric Image Calcrete Targets (Blue/magenta)

  34. Slide 34: Yalgoo South Project

    Enterprise Yalgoo South Project Metals Limited Uranium (Red) over Digital Terrain Image RGB Radiometric Image Calcrete Targets (Blue/magenta)

  35. Slide 35: Ponton & Harris Lake Projects

    Enterprise Ponton & Harris Lake Projects Metals Limited Regional Geology Target: Sand or Sandstone hosted uranium deposits  Strong airborne radiometric responses associated with channel & lake sediments.  Proven Uranium district.  2012:  Scout Aircore/RC drilling.

  36. Slide 36: Ponton Project

    Enterprise Ponton Project Metals Limited 2012 Drill Targets: Target A: Lake Rebecca. Target B: Lake Yindana. Target C: Lake Roe. Uranium (Red) over Digital Terrain Image

  37. Slide 37: Harris Lake Project

    Enterprise Harris Lake Project Metals Limited 2012 Drill Targets: Target A: Strong discrete elongate (1,500m x 200m) uranium response. Target B: Coincident with an isolated “oxbow” off main drainage. Discrete (1,000m x 150m) uranium response. Target C: Main anomalous uranium response, 10km long. Tar

  38. Slide 38: Reporting of Exploration Results

    Enterprise Reporting of Exploration Results Metals Limited The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dermot Ryan, a Fellow of the Australasian Institute of Mining & Metallurgy. Dermot Ryan is a Dire

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