Peel Mining Limited · ASX:PEX
Peel Mining — Shareholder Meeting (November 2024)
23 slides from Peel Mining's shareholder meeting presentation, Nov 27, 2024
Slide 1: 2024 AGM Presentation
2024 AGM PRESENTATION 27th November 2024 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 26TH November 2024 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: The Past 12 Months
THE PAST 12 MONTHS Focus on Study Work, Permitting and Ongoing Exploration ➢ Acquisition of portion Vivigani Station land covering Southern Nights; completion imminent (Jan); ➢ Ambergris geophysics and drilling Phases 1 & 2 (Jan - May); ➢ Curnamona Farm-in & JV to fund Peel Far West Exploration Stra
Slide 5: The Cobar Region
THE COBAR REGION A prolific base and precious metal production centre ➢ Over 150 years of mining history. ➢ Established infrastructure; future Renewable Energy Zone (solar/wind farm studies underway), ➢ Skilled workforce and support services. ➢ Cobar deposits are high-grade and long-life. ➢ Over 30M
Slide 6: 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 7: Peel's South Cobar Copper Resource
PEEL’S SOUTH COBAR COPPER RESOURCE Amongst the highest-grade undeveloped copper deposits in Australia1 Key - Bubble size grade x 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) [92:8] [76:24] Peak Min
Slide 8: Cobar Region Production Summary
COBAR REGION PRODUCTION SUMMARY Spare milling capacity Company PEX MAC AIS AMI MKR POL KSN MCap ~$70m ~$1,600m ~$169m ~$304m ~$30m ~$137m ~$63m Project South Cobar CSA Tritton Peak Hera Wonawinta Endeavor Mineral Hill Status Studies; permitting Operational Operational Operational Care & Maintenance
Slide 9: South Cobar Copper Project - Standalone 1.1Mtpa Concept
SOUTH COBAR COPPER PROJECT - STANDALONE 1.1MTPA CONCEPT Pre-Feasibility Study – NSW Critical Metals Fund grant $0.5m STUDY ITEM STATUS Mineral Resource Complete ✓ Metallurgical, ore sorting and geotechnical testwork Complete ✓ Mine design and scheduling of Mallee Bull and Wirlong Complete ✓ Scope an
Slide 10: Cobar Exploration Activities
COBAR EXPLORATION ACTIVITIES Systematic ranking and testing ➢ 2,600km2 tenement package covering central/southern Cobar Basin. ➢ ~50 regional greenfields exploration targets identified; ~10 at or near drill ready status. ➢ 2024 (AGM to AGM) Cobar Basin exploration activities have included: ▪ 7,649 m
Slide 11: Wagga Tank – Southern Nights
WAGGA TANK – SOUTHERN NIGHTS Ongoing exploration yields new, near surface mineralisation MRE Cont Zn Cont Ag Deposit Tonnes (kt) Zn (%) Pb (%) Ag (g/t) Cont Pb (kt) Category (kt) (moz) WT-SN Ind+Inf 6,830 3.92 1.52 62 268 104 14 Current Drilling Focus Area Wagga Tank – Southern Nights long section s
Slide 12: Wagga Tank Exploration
WAGGA TANK EXPLORATION Strong near-surface mineralisation from Phase 1 ➢ Recent Wagga Tank drilling returns very strong assays: Oxide • 24m @ 5.09g/t Au, 89g/t Ag from 15m. • 19m @ 3.63g/t Au, 42g/t Ag from 8m; and • 15m @ 2.95g/t Au, 136g/t Ag from 53m. Oxidised Supergene • 19m @ 6.67% Cu, 0.87g/t
Slide 13: Wagga Tank Exploration
WAGGA TANK EXPLORATION Phase 2 drilling targeting near surface extensions Current Drilling Focus Area Wagga Tank drilling with multi-element (Au-Ag-Cu-Pb-Zn) histograms vs resource outline with conceptual open pit outline PEEL MINING LIMITED I ASX: PEX I www.peelmining.com.au 13
Slide 14: Cobar Regional Potential
COBAR REGIONAL POTENTIAL Beanbah – Tier 1 within sight of Cobar ➢ 35km NE of Cobar; adjacent Kidman Way. ➢ 100nT “bullseye” magnetic anomaly. ➢ Semi-coincident 1mGal gravity anomaly. ➢ Topographic high (silica alteration?). ➢ Historic workings (shaft, pits). ➢ Strong hydrothermal alteration. ~1.5km
Slide 15: Cobar Regional Exploration
COBAR REGIONAL EXPLORATION Florida – C9 and Langebein ➢ 40km east of Cobar; immediately north of Mt Boppy (>400koz @ 15g/t Au). ➢ 3,700 XRF samples completed 2024. ➢ C9 prospect (magnetic anomaly) has associated large and coherent N-S striking 3km x 250m wide Pb-Zn-Cu-As geochem anomaly. ➢ Langbein
Slide 16: Curnamona Project Farm Out and JV
CURNAMONA PROJECT FARM OUT AND JV JV funding targets Tier 1 discovery potential ➢ 1,500 km² in highly mineralised province. ➢ Farmout with Red Hill Minerals Ltd to earn 75% by spending $6.5m. Minimum spend $1.5m. ➢ Broken Hill Project (NSW) has Tier 1 potential for zinc-lead-silver deposits. Histori
Slide 17: Share Graph, Market Capitalisation, Substantial Shareholders
12 Month Share Graph Market Capitalisation and Enterprise Value Market Details Units @ 12.0c Ordinary shares on issue m 581.1 Market Capitalisation $m 69.7 Cash (30 September 2024) $m 4.8 Enterprise Value $m 64.9 Substantial Shareholders Name Shares Held (m) % of Shares on Issue Board of Directors P
Slide 18: Thank you
Thank you For more information, please contact us on (08) 9382 3955 or visit our website www.peelmining.com.au ASX: PEX
Slide 19: Competent Persons Statements
COMPETENT PERSONS STATEMENTS The information in this report that relates to Exploration Results; and to the geological interpretation and sampling information regarding the Wirlong Mineral Resource Estimate; is based on information compiled by Rob Tyson who is a fulltime employee of the company. Mr
Slide 20: JORC Code Information
JORC CODE INFORMATION SOUTH COBAR PROJECT COPPER MRE JANUARY 2023 South Cobar Project Copper MREs as at January 2023 ($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 21: JORC Code Information
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 22: Appendix 1
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
Slide 23: Appendix 2
APPENDIX 2 Cobar Region Production Summary Reference Announcement Company Ticker Announcement Title Reference Number* Date Peel Mining 1 PEX 20Mt Resource Base for South Cobar Project 9 January 2023 https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02619312-6A1131119 Li