Polarx Ltd · ASX:PXX
Polarx — Noosa Mining and Exploration Investor Conference 2019
20 slides from Polarx's conference presentation, Jul 17, 2019
Slide 1: ASX Announcement: Investor Presentation
ASX Announcement 17 July 2019 For personal use only INVESTOR PRESENTATION PolarX Limited (ASX:PXX) is pleased to advise that it will be presenting at the Noosa Mining and Exploration Investor Conference on Wednesday 17 July 2019. A copy of the presentation is attached to this notice and is available
Slide 2: The Alaska Range Project; An Emerging Cu-Au District
For personal use only The Alaska Range Project; An Emerging Cu‐Au District Noosa Mining and Exploration Investor Conference 17 July 2019 ASX: PXX www.polarx.com.au 1
Slide 3: High-grade copper and gold: well funded rapid growth strategy
For personal use only High‐grade copper and gold: well funded rapid growth strategy Advanced projects, high‐grade from surface Strong fundamentals for copper and gold Located in a TIER 1 jurisdiction Fully funded with a new strategic partner De‐risked projects through our own exploration 201
Slide 4: Alaska is low risk: Under-explored TIER 1 jurisdiction
For personal use only Alaska is low risk: Under‐explored TIER 1 geology in a TIER 1 jurisdiction Pro‐mining state and a Global Top 10 investment destination per 2019 Fraser Institute Rankings Over 40Moz Au mined to date Considerably under‐explored compared to other TIER 1 provinces – new depos
Slide 5: Strategic Partnership with Lundin Mining Corporation
For personal use only Strategic Partnership with Lundin Mining Corporation Strategic earn‐in into PolarX’s 100% owned Stellar Project The Zackly Cu‐Au skarn claims and Caribou Dome Project are excluded and remain 100% PolarX Lundin Mining invested A$4.3M, now PolarX’s largest (12.9%) sharehold
Slide 6: In the least explored part of the most prolific copper belt
For personal use only In the least explored part of the most prolific copper belt in the world Modified after Sun et al 2015, based on USGS data 5
Slide 7: At the intersection of two major crustal-scale faults
For personal use only At the intersection of two major crustal‐scale faults Straddles the major structure between the Tintina Gold Belt and the main Porphyry Cu‐Au Belt in Alaska‐Yukon‐ British Columbia‐Montana Intersected by a major NW crustal‐scale fault which contains known porphyry systems a
Slide 8: Rapidly growing resource with huge upside
For personal use only Rapidly growing resource with huge upside 15km x 7km district scale copper anomaly associated with the interpreted intrusive cluster Mars, Jupiter, Gemini and Zackly display Cu‐Au‐Mo‐ Ag‐As anomalism (the classic porphyry indicators) Well defined 12 km‐long WNW trending s
Slide 9: 12km long mineralised corridor – rapid near term growth
For personal use only 12km long mineralised corridor – rapid near term growth 100% owned Zackly skarn likely to rapidly increase in size with further drilling to East. Mars porphyry target has anomalous Cu‐Au‐Mo‐As geochemistry and geophysical 55m @ 2.8g/t Au + 0.6% Cu anomalies consistent with
Slide 10: Upside at Zackly: high grades 850m east of current resource boundary
For personal use only Upside at Zackly: high grades 850m east of current resource boundary PLAN VIEW CROSS‐SECTION 9
Slide 11: Mars: strong co-incident anomalism (Cu-Au-As-Mo)
For personal use only Mars: strong co‐incident anomalism (Cu‐Au‐As‐Mo) Magnetic data (Analytical signal) Copper in soil anomalism 10
Slide 12: Mars Target: co-incident magnetic, IP and Cu-Au-As-Mo anomalism
For personal use only Mars Target: co‐incident magnetic, IP and Cu‐Au‐As‐Mo anomalism Spatially co‐incident magnetic anomaly (potential oxidised‐intrusion), IP anomaly, and Cu‐Au‐Mo‐As in soil anomaly. Supported by up to 7% Cu and 7g/t Au in rock‐chip samples 11
Slide 13: Saturn porphyry Cu-Au target
For personal use only Saturn porphyry Cu‐Au target New (blind) target generated from re‐processing historical regional magnetic data New high‐resolution aeromagnetic data validates target, particularly the recently published 3D inversion modelling Validated by strong interest from numerous int
Slide 14: Saturn porphyry Cu-Au target likely to be the source of Zackly fluids
For personal use only Saturn porphyry Cu‐Au target likely to be the source of Zackly fluids 13
Slide 15: Saturn is comparable in setting, scale and geometry to Grasberg
For personal use only Saturn is comparable in setting, scale and geometry to Grasberg GRASBERG (Irian Jaya) SATURN (Alaska) Vertical Extent: >2,200m Vertical Extent: >3,000m Surface Area: 2,400m x 1,500m Surface Area: 2,000m x 1,000m Intrusive Core: 950m dia Intrusive Core: TBD Upward flaring geomet
Slide 16: Intensive work programs and news flow for next months
For personal use only Intensive work programs and news flow for next 6 months July Re‐commence field work, comprising: 32 line‐km IP Survey at Saturn Porphyry Target 5,000m drilling to test Mars and Saturn targets 2,000m drilling to expand Zackly resource, focussed on thick, high‐grade Au‐Cu zones a
Slide 17: Concluding Statements
For personal use only Concluding Statements Big holding of high quality, high‐grade copper‐gold‐silver assets in mining friendly Alaska, USA Advanced projects in a TIER 1 jurisdiction – early exploration risk has been removed Fully funded for near‐term expansion and longer term discovery growt
Slide 18: Experienced management team with track-record
For personal use only Experienced management team with track‐record A Chartered Accountant with over 25 years’ direct experience in developing resource companies. A founding director of Gilt-Edged Mining MARK BOJANJAC Limited which discovered East Kundana, one of Australia’s highest grade gold mines
Slide 19: Strong institutional support from major international funds
For personal use only Strong institutional support from major international funds Shares (M) Options (M) TOTALS 415.9 23.45 SHAREHOLDERS: % Lundin Mining Corporation 12.9 TIGHTLY HELD Management/Directors/MRG Team 12.2 JP Morgan (UK) 8.3 Top 20 69% U.S. Global (US) 8.1 Top 40 77% Ruffer Gold Fund (U
Slide 20: Cautionary Statements
For personal use only Cautionary Statements This presentation has been prepared by PolarX Limited (“PolarX”) to assist in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in PolarX or as
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