Murchison Minerals Ltd · TSXV:MUR
Murchison Minerals — Corporate Update (August 2014)
38 slides from Murchison Minerals's corporate update, Aug 25, 2014
Slide 1: Corporate Update
Trading Symbol: MUR Corporate Update August 25, 2014 Phone: +1-416-350-3776 Fax:+1-416-350-3570 www.murchisonminerals.com 18 King Street East, Suite 810, Toronto, Ontario, Canada M5C 1C4 Info@murchisonminerals.com
Slide 2: Cautionary Statement
Cautionary Statement These statements, maps and models in this presentation are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. In certain cases, forward‐looking information may be identified by su
Slide 3: MURCHISON MINERALS Ltd (MUR)
MURCHISON MINERALS Ltd (MUR) Management Ownership: 24.9 % Largest shareholders: Rob McEwen 26.9 % Donald K Johnson 13.4 % BOARD: David Pyper (Chairman); JC Potvin, Denis Arsenault, Joseph Hasabumutima, John Dixon, Donald Johnson MANAGEMENT: J.C. Potvin (President & CEO) Erik Martin (CFO) Bruce Milne
Slide 4: Diversified Property Portfolio
Diversified Property Portfolio Murchison Ni‐Cu‐Co‐Cr‐PGE‐Au Murchison: Drilling confirms Ni 4
Slide 5: Nickel Sulphide Mining Camps
Nickel Sulphide Mining Camps NiNi Murchison Project Murchison Minerals: Targeting Ni-Cu-Co-PGE massive sulphides in a large ultramafic complex and Au in meta-sediments in Uganda 5
Slide 6: NICKEL OUTLOOK: Positive trend
NICKEL OUTLOOK: Positive trend 6
Slide 7: Murchison Project – Ni-Cu-Co-Cr-PGE-Au Central Uganda
Murchison Project – Ni‐Cu‐Co‐Cr‐PGE‐Au Central Uganda Geophysical interpretation of airborne survey data identified a 30X40 km area with multiple mafic/ultramafic bodies and possible feeders intruded into meta-sediments and basement Murchison granites mafic/ultra- mafic complex Karuma Body 60km Sun
Slide 8: Murchison Ni-Cu-Cr-Co-PGE-Au Massive Sulphides Project
Murchison Ni‐Cu‐Cr‐Co‐PGE‐Au Massive Sulphides Project • Targeting massive sulphide deposits in a large ultramafic complex + Au in meta-sediments. • Approx. 1,200 km2 licence holdings, 100% owned • +25 magnetic/mafic bodies with anomalous Ni-Cu-Co-Cr-PGE-Au soil signatures • “Stand alone” Au soil ge
Slide 9: Murchison Project at a glance
Murchison Project at a glance • The Karuma body consists of two separate long, tightly folded linear ultramafic ribbons within a Karuma large mafic intrusive. • Multiple strong kilometric scaled EM conductors body associated with Ni, Cu, Co, Cr, PGE soil geochem. Modelled depth = ‐25m to 1,200m. • R
Slide 10: KARUMA: GRAVITY MODELLING confirms the presence of ultramafic formation
KARUMA: GRAVITY MODELLING confirms the presence of ultramafic formation 3D inversion modelling of gravity perspective view looking SW. The total model depth extends to 1,200m below the topographic surface. 10
Slide 11: Karuma Gravity / Nickel Geochem/EM Conductors
Karuma Gravity / Nickel Geochem/EM Conductors Ni geochem anomalies Good correlation between geochem and EM conductors MLEM Conductors 11
Slide 12: KARUMA: FIRST DRILLING PROGRAM SUMMARY OF RESULTS
KARUMA: FIRST DRILLING PROGRAM SUMMARY OF RESULTS • 1,013 M drilled in 4 diamond drill holes in June‐July 2014 • Targets were strong EM conductors, 2 holes within the 500 ppm Ni contoured geochem (KAR‐003 and KAR‐004) and 2 outside the Ni geochem envelope (KAR‐001 and KAR‐002) • EM conductors can be
Slide 13: Karuma: Location of first 4 DD holes
Karuma: Location of first 4 DD holes Deep Sulphides + Near-Surface Nickel Mineralization Potential Kar‐DD‐004 : 0.35% Ni over 24.4m including 0.521% over 10.6m plus 0.05% Co Kar‐DD‐003 : ICP/MS assays. 24.4m. ICP/MS assays 0.40% Ni /29.3m (0.7‐30.0m) including 0.67% Ni over 9.0m and 0.83% Ni over 3.
Slide 14: Potential to establish large tonnage of shallow Nickel mineralization
Drill holes: DD 003 = 0.40% Ni over 29.3m from 0.7 m to 30.0 m DD 004 = 0.35% Ni (0.05 % Co) over 24.4 m from 0.6 m to 25.0 m +500 ppm Ni soil anomaly = 0.40% Ni /29.3m ICP/MS assays 4,000m by +300 to 600m wide Kar-DD-003 0.35% Ni plus 0.05% Co Kar-DD-004 over 24.40m ICP/MS assays Potential to estab
Slide 15: KAR-DD-001
KAR-DD-001 1.0 m averaging 2.31% Ni starting from 127 m to 128 m 15
Slide 16: KAR-DD-002: sulphides in 2 zones
KAR-DD-002: 41 m of sulphides in 2 zones: 17 m from 85 m to 102 m & 24 m from 160 m to 184 m respectively which carried low Ni values The presence of extensive sulphides appears to be the same system that trends towards a very strong Ni anomaly about 1 km to the east 16
Slide 17: KAR-DD-003
KAR-DD-003 29.3 m averaging 0.40% Ni starting from 0.7 m to 30.0 m 17
Slide 18: KAR-DD-004
KAR-DD-004 24.4 m averaging 0.35% Ni & 0.05% C0 from 0.6 m to 25.0 m 18
Slide 19: Karuma Prospectivity: Soil Geochem + Mag + EM
Karuma Prospectivity: Soil Geochem + Mag + EM Good correlation between geochem, magnetics and EM conductors 19
Slide 20: Karuma – Scandium in lateritic soils
Karuma – Scandium in lateritic soils One of the rare earth elements Low density (2.99 g / cm3) Used in aluminium alloys High price (Sc = US$ 15.00 / g) ‐ Scandium (Sc) grades of 30ppm to 118 ppm in lateritic soils at Karuma, potentially economic ‐ Sc203 is technically recoverable from lateri
Slide 21: Karuma Prospectivity: Soil Geochem + Cu/Sc Ratio
Karuma Prospectivity: Soil Geochem + Cu/Sc Ratio Large targets based on high Cu/Sc ratios combined with 90th percentile Ni‐Cu‐Co soil assays 21
Slide 22: Murchison Project: Katulikire – open-ended gold soil anomaly
Murchison Project : Katulikire – open‐ended gold soil anomaly Located SE of Karuma Au values in soils up to 0.8 g/t 22
Slide 23: Karuma Falls: Power Logistics
Karuma Falls: Power Logistics • 30 Km to the Karuma Falls 600 MW hydro power project under construction (2018) • 23 Km to the Nile River 23
Slide 24: Murchison: Energy + Transportation Logistics
Murchison: Energy + Transportation Logistics Location of the Murchison Project in central Uganda with respect to the Karuma Hydro Dam project, oil fields, basic roads, river and rail transport routes. 24
Slide 25: Bulk Tonnage Nickel Open Pit Deposits
Bulk Tonnage Nickel Open Pit Deposits Economics of bulk tonnage metal deposits depends on: Energy: 600 MW Karuma Falls Hydro 30 Km distant Oil & Gas fields 80 Km distant Water: Nile River Transportation: Water barging to rail head To Be Defined: Resource size (tonnes, grade, metallurgical re
Slide 26: Murchison – Summary & Way Forward
Murchison – Summary & Way Forward ▸ Control of a 1,200 km2 mafic/ultramafic complex ▸ 100% owned ▸ Excellent logistics: roads, Nile River, proximity to the Karuma 600 MW hydro-electric project, active oil & gas development in the region. ▸ numerous drill targets on Karuma ▸ Karuma represents only 3%
Slide 27: Canadian Mineral Properties
Canadian Mineral Properties 27
Slide 28: Cloridorme Alumina / REE Project
Cloridorme Alumina / REE Project • The Cloridorme property consists of an option on 134 claims prospective for large tonnage Alumina and Rare Earth Elements • The 17 km long property is adjacent and on strike to Orbite Aluminae’s (ORT‐ TSX) Grande‐Vallée property and covers the same favourable argil
Slide 29: Cloridorme Alumina / REE Project
Cloridorme Alumina / REE Project 29
Slide 30: Brabant Lake Zn-Cu-Pb-Ag Deposit
Brabant Lake Zn-Cu-Pb-Ag Deposit Saskatchewan Murchison Minerals Ltd • Property covers 16 km of the prospective horizon • hosts a NI 43‐101 resource • Indicated Resource of 1.5 Million tonnes grading 9.2% zinc • Inferred Resource of 3.0 Million tonnes grading 5.6% zinc. • Both zones contain apprecia
Slide 31: Brabant Lake Zn-Cu-Pb-Ag Deposit
Brabant Lake Zn-Cu-Pb-Ag Deposit NI 43-101 Resource Estimate Brabant Lake Zinc Deposit (100% owned) - 2006-2008 drill program included 49 drill holes; 15,360m 2008 MPH/P&E Resource Estimate * Zn Cu Pb Zn Cu Pb Ag Au Ag Tonnes lbs lbs lbs Au oz % % % g/t g/t oz M M M M Indicated 1,475,000 9.18 0.79 0
Slide 32: Brabant Lake: VTEM 2011 – Targets
Brabant Lake: VTEM 2011 – Targets TOM -2 • 26 EM conductors modeled by former JV partner • 20 targets were recommended for drilling TOM -1 • Only 12 were actually tested, several priority target remain untested • Deposit remains open to depth • Higher grade Lower and Foot Wall Zones under explored 3
Slide 33: Pickle Lake Gold Properties
Pickle Lake Gold Properties Significant Land Position of 63 km2 OWNERSHIP 100% MUR 51% 70% Murchison Claims 33
Slide 34: Pickle Lake Gold Properties
Pickle Lake Gold Properties • Can increase current 51% interest in three properties; Dorothy‐Dobie Lake, Kasagiminnis Lake and Pickle Lake East to 70% – additional $56,000 in expenditures to vest • Hold 100% interest in the Dona Lake property plus two properties optioned to Tri‐ Origin • Three prope
Slide 35: Dona Lake Gold Property
Dona Lake Gold Property • Airborne survey completed – several targets identified • On trend and contiguous to a past producing gold mine • Located along the main iron formation that hosted the Dona Lake Mine • One of the properties Approximately 10 km of identified by SRK and favourable iron formati
Slide 36: Kasagiminnis Lake Gold Property
Kasagiminnis Lake Gold Property Historical Resources – 2,600,000 tonnes @ 4.79 gpt Au 36
Slide 37: Kasagiminnis Lake 2011 Phase I & II Drilling Program
Kasagiminnis Lake 2011 Phase I & II Drilling Program Summer 2011 Phase II drill program – four holes (1,019m) tested below the favourable results of the shallower Phase I drill program Murchison Minerals Ltd 37
Slide 38: Contact
Contact President & CEO: J.C. Potvin Email: jcpotvin@murchisonminerals.com T: +1.416.350.3997 CFO: Erik Martin Email: emartin@murchisonminerals.com T: +1.416.350.3576 Address: 18 King Street East, Suite 810, Suite 810, 18 King Street East, Toronto, Ontario, M5C 1C4 Website: www.murchisonminerals.com