Zinc Of Ireland Nl · ASX:ZMI
Zinc Of Ireland Nl — Shareholder Meeting (November 2017)
18 slides from Zinc Of Ireland Nl's shareholder meeting presentation, Nov 14, 2017
Slide 1: ZMI Company Update
ASX Code: ZMI ZMI Company Update Annual General Meeting, 14 November 2017
Slide 2: Disclaimer
Disclaimer The following disclaimer applies to this presentation and any information provided regarding the information contained in this presentation. You are advised to read this disclaimer carefully before reading or making any other use of this presentation or any information contained in this p
Slide 3: ZMI Snapshot
ZMI Snapshot ✦ Zinc supply at 2006 inflection point, price breakout anticipated. ✦ Ireland is the world’s richest zinc real estate in tonnes/km2 found. ✦ Kildare JORC Inferred Resource published May ‘17: ✦ 5.2Mt @ 8.6% Zn+Pb, including 3.5Mt @ 10.1% Zn+Pb. ✦ 3 drilling programs to date delivering sp
Slide 4: Corporate overview (ASX code: ZMI)
Corporate overview (ASX code: ZMI) Highly leveraged to exploration success, strong and experienced board and management CAPITAL STRUCTURE DIRECTORS Patrick Corr – Non Executive Chairman Share price Barrister and Solicitor of the Supreme Court of WA, with considerable legal $0.006 (at 10 Nov 2017) an
Slide 5: Zinc, the World's Fourth Most Consumed Metal
Zinc, the World’s Fourth Most Consumed Metal Poised for further price increase ✦ Zinc price reached 10yr high in October 2017, US$ 1.53/lb. ✦ LME zinc stockpiles at 12yr lows. ✦ Demand continues to grow. ✦ Supply continues to fall. ✦ Deficit of 500,000t in 2017. ✦ Shortage of large projects coming o
Slide 6: Ireland: A Prized Zinc Jurisdiction
Ireland: A Prized Zinc Jurisdiction ✦ The world’s most fertile zinc real estate (tonnes/km2 found). ✦ Home to large, high-grade zinc mines: ✦ Navan, Lisheen, Galmoy, Tynagh. ✦ The world’s 10th largest zinc producer. ✦ Stable, mining-friendly government with low corporate taxes. ✦ Rail and port infra
Slide 7: Kildare Project
Kildare Project Proven Geology, Proven Location ✦ Sits within the Rathdowney mineralised Trend, ~80km along strike from Lisheen (22.4Mt @ 11.63% Zn & 1.96%Pb). ✦ Lisheen, Galmoy and Kildare all have base of Waulsortian Reef (BoR) mineralisation. ✦ Neighbours include Teck and Vedanta. ✦ 270km2 of hig
Slide 8: Kildare: Key Ingredients for Irish/MVT Zinc Deposits
Kildare: Key Ingredients for Irish/MVT Zinc Deposits ✦ Project-wide mineralisation. ✦ Widespread Waulsortion Reef, at surface and beneath the Allenwood Beds. ✦ Major basement growth faults and numerous cross-faults. ✦ 30 years of historical exploration, little activity post 1990, BoR largely unteste
Slide 9: A New Focus on Previously Overlooked Structural Controls
A New Focus on Previously Overlooked Structural Controls ✦ ZMI interpreted ‘Allenwood Graben’. ✦ Abundant Waulsortian Reef within fault-bounded block. ✦ Base of Reef from ~100m- ~400m deep. ✦ Consolidation of licenses enabling holistic approach for the first time. ✦ Major implications for future exp
Slide 10: Kildare JORC Resource
Kildare JORC Resource ✦ Maiden JORC resource published within 12 months of listing: ✦ 5.2Mt @ 8.6% Zn+Pb (5% cut) ✦ High Grade Component: ✦ 3.5Mt @ 10.1% Zn+Pb (6% cut) ✦ Broader Mineralised Shell: ✦ 11Mt @ 6.0% Pb+Zn (3% cut) ✦ Significant metal inventory to underpin the future of the project. ✦ Po
Slide 11: 2017 Drilling (1): Extensions to Base of Reef, McGregor
2017 Drilling (1): Extensions to Base of Reef, McGregor ✦ Thick high-grade intercepts extended Base of Reef mineralisation. ✦ 23.3m%13.5% Zn+Pb ✦ 11.2m@10.3% Zn+Pb ✦ Expected to improve tonnes and grade of Resource. ✦ Base of Reef mineralisation remains open to the north…. ✦ …..to be targeted early
Slide 12: 2017 Drilling (2): Shallower Mineralisation, McGregor
2017 Drilling (2): Shallower Mineralisation, McGregor ✦ Angled holes discovered fault-related mineralisation between 200m and 250m from surface. ✦ 5.3m @ 12.7% Zn+Pb ✦ 3.1m @ 19.6% Zn+Pb ✦ 8.0m @ 7.1% Zn+Pb ✦ Potential for shallow zone of zinc to link up with HB162. ✦ Likely to have a positive impac
Slide 13: 2017 Drilling (3): Shallow Discovery at Celtic Tiger
2017 Drilling (3): Shallow Discovery at Celtic Tiger ✦ Discovery of shallow, high-grade mineralisation 1km from MgGregor. ✦ Confirms target Waulsortion Reef shallower to west. ✦ Proof of concept for exploration model has regional application. ✦ Delineation drilling being planned for early 2018. 13
Slide 14: Celtic Tiger: Discovery opens up 4km-long structural corridor
Celtic Tiger: Discovery opens up 4km-long structural corridor ✦ Western Margin of Graben has seen very little exploration. ✦ 4km long structural corridor with target geology shallower to the west. ✦ Shallower targets will be cheaper to explore with faster turn-around times for results. ✦ Exploration
Slide 15: Proof of Concept Enhances Prospectivity of Kildare
Proof of Concept Enhances Prospectivity of Kildare ✦ Regional geology contains similar Structural Corridors to Western Margin. ✦ Key E-W structural Corridor along strike from controlling structures in Allenwood Graben. ✦ Target Waulsortian Reef at or close to surface. ✦ Kildare project now one of th
Slide 16: Peer Comparisons: Considerable Leverage to the Upside
Peer Comparisons: Considerable Leverage to the Upside ✦ Lowest EV despite 566,000t of contained metal. ✦ Low valuation offers significant upside potential ✦ Current in-ground zinc resources undervalued base on EV of AUD $9.54 per tonne of zinc . Disclaimer; ZMI contained zinc based on the JORC Infer
Slide 17: ZMI: Paving the Way for an Exciting 2018
ZMI: Paving the Way for an Exciting 2018 ✦ Strong foothold in Ireland with quality zinc projects. ✦ Resource and exploration success build solid foundation for future. ✦ New exploration model has produced immediate success: ✦ Thick high-grade zinc, McGregor ‘growth fault’, Celtic Tiger discovery. ✦
Slide 18: Management Comment
Management Comment “ZMI has had a highly productive 2017, delivering a maiden JORC Resource and significant exploration successes at Kildare. Discovering extensions to the Base of Reef mineralisation at McGregor, and shallower, fault- related mineralisation above it, are likely to see resource growt
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