Peel Mining Limited · ASX:PEX
Peel Mining — Shareholder Meeting (November 2023)
19 slides from Peel Mining's shareholder meeting presentation, Nov 22, 2023
Slide 1: 2023 Annual General Meeting
2023 ANNUAL GENERAL MEETING 22ND NOVEMBER 2023 ASX: PEX
Slide 2: Important Notice Disclaimer
IMPORTANT NOTICE DISCLAIMER These presentation materials and the accompanying verbal presentation (together, the Presentation Materials) have been prepared by Peel Mining Limited (Peel) as at 20TH November 2023 and statements are current only as at that date. Information in the Presentation Material
Slide 3: Important Notice Disclaimer
IMPORTANT NOTICE DISCLAIMER Industry data Certain market and industry data used in connection with or referenced in the Presentation Materials may have been obtained from public filings, research, surveys or studies made or conducted by third parties, including as published in industry- specific or
Slide 4: 2023 - A Year in Review
2023 - A YEAR IN REVIEW Progressing the South Cobar Project towards development ➢ 2023 South Cobar Project Resource Update ➢ Pre-feasibility study on Copper First strategy ➢ Permitting ➢ Exploration pipeline ➢ Peel’s strategic position in the Cobar Basin Note: The above image is a conceptual Explora
Slide 5: South Cobar Project Resources
SOUTH COBAR PROJECT RESOURCES January 2023 MRE Update ~20Mt resource base within a 50km radius of Mallee Bull ➢ 70% of Global MRE tonnes in Indicated Classification1 ❖ Copper Resources1 at Mallee Bull and Wirlong combine for 10.64Mt @ 1.85% Cu MRE Cont Cu Cont Ag Deposit Tonnes (kt) Cu (%) Ag (g/t)
Slide 6: Peel's South Cobar Copper Resource
PEEL’S SOUTH COBAR COPPER RESOURCE Amongst the highest-grade undeveloped deposits in Australia1 Key - Bubble size grade x tonnes - [indicated]:[Inferred] 2.5 South Cobar Copper (PEX) [77:23] Hollandaire (CYM) Jervois (KGL) [82:18] [67:33] 2 Resource Copper Grade (% Cu) Emmie Bluff (COD) Rover 1 (CST
Slide 7: South Cobar Copper Project - Pre-Feasibility Study
SOUTH COBAR COPPER PROJECT Pre-Feasibility Study - Copper First Strategy STUDY ITEM STATUS Mineral Resource Complete ✓ Metallurgical, ore sorting and geotechnical testwork Complete ✓ Mine design and scheduling of Mallee Bull and Wirlong Complete ✓ Scope and cost (capital and operating) Underway Surf
Slide 8: Review of Environmental Factors
REVIEW OF ENVIRONMENTAL FACTORS First Exploration Decline REF Approved ➢ Mallee Bull exploration decline REF approved by the NSW Resources Regulator. ➢ REF approval is conditional on receipt of an EPL and allows for: Exploration Decline o Construction of a box cut max depth of ~25m below ground leve
Slide 9: Exploration Pipeline
EXPLORATION PIPELINE ➢ Mallee Bull and Wirlong copper resources remain open offering brownfields growth potential. ➢ Southern Nights zinc-lead-silver resources offer excellent growth potential. ➢ >50 regional greenfields exploration targets identified. ➢ 2023 Cobar Basin exploration activities have
Slide 10: Ambergris
AMBERGRIS Malony’s Tank Search for next Cobar discovery continues ➢ Ambergris area characteristics: Kewpie o Large multi-element surface geochem anomalism over >5km strike. o IP (charge), magnetic & gravity geophysical anomalism. o Interpreted proximal position to major structural conduits. Ambergri
Slide 11: Peel Far West
PEEL FAR WEST Strategic position in the Curnamona ➢ >1,200km2 landholding straddling NSW / SA border within the Curnamona Province. ➢ Highly prospective for Cu, Au, Co, Zn, Pb, Ag and U. ➢ Mundi Mundi (NSW) prospects defined by 20km long prospective target horizon with mineralisation trend situated
Slide 12: Strategic Position in the Cobar Basin
STRATEGIC POSITION IN THE COBAR BASIN Peel a significant contributor to the basin’s future ➢ South Cobar Project Global MRE1 ~20Mt. ➢ Excess capacity in existing mills in the region. ➢ Established infrastructure. ➢ History of long-life deposits. 1. See JORC MRE tables commencing on Slide 16 which in
Slide 13: Market Capitalisation and Enterprise Value
Market Capitalisation and Enterprise Value 0.22 12.0 0.20 10.0 Market Details Units @ 12c Ordinary shares on issue m 581.1 0.18 8.0 Volume (m) Price (A$) Market Capitalisation $m 69.73 0.16 6.0 Cash (30 September 2023*) $m 10.6 0.14 4.0 Enterprise Value $m 59.13 0.12 2.0 0.10 0.0 Nov-22 Feb-23 May-2
Slide 14: Thank you
Thank you For more information, please contact us on (08) 9382 3955 or visit our website www.peelmining.com.au ASX: PEX
Slide 15: Competent Persons Statements
COMPETENT PERSONS STATEMENTS The information in this report that relates to Exploration Results; and to the geological interpretation and sampling information regarding the Wirlong Mineral Resource Estimate; is based on information compiled by Rob Tyson who is a fulltime employee of the company. Mr
Slide 16: JORC Code Information - Copper MRE January 2023
JORC CODE INFORMATION SOUTH COBAR PROJECT COPPER MRE JANUARY 2023 South Cobar Project Copper MREs as at January 2023 ($A80/t NSR cut-off) MRE Deposit Category Tonnes Cont Cu Cont Ag Cont Zn Cont Pb Cont Au Cu (%) Ag (g/t) Zn (%) Pb (%) Au (g/t) (kt) (kt) (moz) (kt) (kt) (koz) Ind 5,590 1.93 27 0.13
Slide 17: JORC Code Information - Zinc-Lead-Silver MRE January 2023
JORC CODE INFORMATION SOUTH COBAR PROJECT ZINC-LEAD-SILVER MRE JANUARY 2023 South Cobar Project Zinc-Lead-Silver MREs as at January 2023 ($A80/t NSR cut-off) MRE Deposit Category Tonnes Cont Cu Cont Ag Cont Zn Cont Pb Cont Au Cu (%) Ag (g/t) Zn (%) Pb (%) Au (g/t) (kt) (kt) (moz) (kt) (kt) (koz) Ind
Slide 18: JORC Code Information - Gold MRE January 2023
JORC CODE INFORMATION SOUTH COBAR PROJECT GOLD MRE JANUARY 2023 South Cobar Project Gold MRE as at January 2023 ($A40/50/80/t NSR cut-offs) MRE Deposit Category Tonnes Cont Cu Cont Ag Cont Zn Cont Pb Cont Au Cu (%) Ag (g/t) Zn (%) Pb (%) Au (g/t) (kt) (kt) (moz) (kt) (kt) (koz) OP Ind 970 - 25 0.78
Slide 19: Appendix 1: Undeveloped Australian Copper Deposits
APPENDIX 1 Undeveloped Australian Copper Deposits Resource Contained Company Ticker Project Grade (% Cu) Reference (Mt) Copper (Mt) Andromeda Moonta-Wallaroo (ADN) ADN 66.1 0.17 0.114 Metals [0:100] https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02134018-2A1165590?ac