Somerset Minerals Limited · ASX:SMM
Somerset Minerals — Investor Presentation (May 2025)
20 slides from Somerset Minerals's investor presentation, May 2025
Slide 1: Exploring for the Next Generation of Mines
EXPLORING FOR THE NEXT GENERATION OF MINES ASX:SMM Investor Presentation May 2025
Slide 2: Disclaimer
Disclaimer Cautionary Statements & Disclaimer The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. Please note that, in providing this presentation, the Company has not considered t
Slide 3: Corporate Overview
Corporate Overview Capital Structure SMM 422.7m $5.5m $0.5m $5.0m 81.5m ASX Code Shares on Issue Market Cap Cash (31 Mar 25) Enterprise Value Options1 (Undiluted, Excludes T2) (undiluted at $0.013/sh) (Excludes recent $2.4m placement) (Excludes T2) 3 Board of Directors Chris Hansen Mike Edwards Mela
Slide 4: Investment Highlights
PRESCOTT Investment Highlights Nunavut, Cu-Ag-Zn-Pb Capital Structure Recently completed The Coppermine Project contains acquisition of the high-grade high-grade copper occurrences COPPERMINE Coppermine Project with grades up to 45.4% Cu and Nunavut, Cu-Ag adjacent to White Cliff 263 g/t Ag, with hi
Slide 5: Coppermine Prime Location
Coppermine Prime Location Located adjacent to coast & serviced by daily flight from Yellowknife (1 hour) Historical mining district 5 with established logistics network and supportive Kugluktuk local government Access to designated sealift route Year-round mining, with reliable shipping windows Some
Slide 6: Coppermine Project
COPPERMINE PROJECT Nunavut (Cu, Ag)
Slide 7: Coppermine Project
Coppermine Project Dominant ~1,200km landholding supported by multiple high-grade copper occurrences WHITE CLIFF MINERALS IVANHOE ELECTRIC (ASX:WCN; MCap A$32m) (NYSE:IE; MCap A$1.67b) 1.65% Cu Kugluktuk Wanda Hulk Somerset Minerals (1,208 km2) 7 55.01% Cu, 37 g/t Ag 39.93% Cu, 153 g/t Ag Stark Whit
Slide 8: Coronation (Oban District)
Coronation (Oban District) Only 7.0km from White Cliff’s Danvers deposit, focus of upcoming maiden drill campaign • Located just 7.0km from White Cliff Minerals' (ASX:WCN) Danvers prospect, which recently reported 58.0m @ 3.08% Cu from 52.0m1 depth — highlighting the prospectivity of the broader dis
Slide 9: Coronation (Oban District)
Coronation (Oban District) Drill-ready targets leveraging off historic drilling, surface sampling results & reprocessed geophysics • Two historical induced polarization (IP) surveys were recently digitized and reprocessed serving to identify 10 chargeable IP zones, with five supported by historic dr
Slide 10: 7.0km mineralised strike horizon
ASX:SMM 10/12/2024 Fault Copper Occurrence Jura District Non JORC or NI 43-101 Historic Resource Somerset Minerals 7.0 km high-grade mineralised trend supported by historical drilling to the north • Somerset’s Jura District is located to the east of the main project area and Historical Resource & Dr
Slide 11: Laphroaig District
Laphroaig District 46.07% Cu, 46 g/t Ag Pat 44.43% Cu, 32 g/t Ag High-grade copper-silver trend immediately 55.01% Cu, 37 g/t Ag along strike from White Cliffs’ Vision District Vision 36.7% Cu, 223 g/t Ag • Somerset’s Laphroaig District is located immediately south of White Cliff 6.4% Cu, 7 g/t Ag 2
Slide 12: Ardbeg District
Ardbeg District 13.45% Cu, 11 g/t Ag 13.45% Cu, 14 g/t Ag Along strike from White Cliff Minerals Thor & Rocket targets, supported by historical drilling 54.12% Cu, 14 g/t Ag 53.47% Cu, 26 g/t Ag • Somerset’s Ardbeg District is located immediately south of White Cliff Minerals’ Thor and Rocket Distri
Slide 13: Target Mineralisation Styles
Target Mineralisation Styles Three principal styles: fault-hosted, sedimentary-hosted and basalt flow top replacement The Coppermine River area has abundant Copper Target: high-grade copper showings at surface, hosted in several mineralisation styles. The Copper Target: Fault Hosted Mineralisation (
Slide 14: Regional Geology
Regional Geology ~1,055 km2 of the Copper Creek Basalt: Host to the two highest-grade copper styles in the district Local geology is dominated by the Coppermine River group, which hosts numerous high grade copper lodes occurring as chalcocite, bornite, White Cliff Minerals chalcopyrite, and native c
Slide 15: Key Takeaways
Undervalued entry High-grade copper Drill-ready upside $5.5m market cap with near-term Bonanza copper grades in a mining- Multiple walk-up targets supported catalysts and tight capital structure. friendly, accessible jurisdiction. by historic data and geophysics. Nearology advantage Maiden explorati
Slide 16: Somerset Minerals contact details
A Level 2, 22 Mount Street, Perth WA 6000, Australia T +61 8 6188 8181 W somersetminerals.com.au
Slide 17: Board of Directors
Board of Directors Chris Hansen Mike Edwards Melanie Ross Non-Executive Director Non-Executive Chairman Non-Executive Director & Company Secretary 17 Mr Hansen is a multidisciplinary metals and mining Mr Edwards is a Geologist and Economist with over 25 years' Ms Ross is an accounting and corporate
Slide 18: Prescott Base Metals Project
Prescott Base Metals Project Spanning over 240km, the Prescott Project area has excellent potential to host Sedimentary Hosted Copper deposits (Cu-Ag) and Mississippi Valley- Type deposits (Zn-Pb) • The Prescott Project includes a significant land package directly along strike and adjacent to Americ
Slide 19: Anticlinal Structure Results in Repetition of Geology
Anticlinal Structure Results in Repetition of Geology An interpreted anticlinal structure has resulted in a potential repetition of the same geological sequence which hosts the neighbouring Storm Project, but on the adjacent Prince of Wales Island. 19 Somerset Target Area Source: ASX:SMM 29/04/2024.
Slide 20: Mineralisation Model
Mineralisation Model Somerset is targeting sediment hosted copper deposits akin to the neighboring Storm deposit (ASX: AW1). 1. Oxidised Source Rock Source rock must be haematite stable and contain ferromagnesian minerals from which copper can be leached. Typical source rocks are continental red san