Zenith Minerals Limited · ASX:ZNC
Zenith Minerals — Investor Presentation (July 2021)
24 slides from Zenith Minerals's investor presentation, Jul 8, 2021
Slide 1: Investor Presentation 8 July 2021
For personal use only INVESTOR P R E S E N TAT I O N 8 July 2021 Earaheedy Zinc Discovery Earaheedy Zinc-Lead Mineralisation – Drill Chips
Slide 2: Why Zenith?
Why Zenith? For personal use only 1. Our Strategy - very focused - precious and base metals 2. Strategy is to target “material - large scale” deposits capable of making a significant value impact to the Company 3. Very active on 2 Gold & 1 Copper Project in Australia – drilling all 3 projects this q
Slide 3: Corporate Structure
Corporate Structure Share Price Capital Structure ASX:ZNC For personal use only Source: CommSec.com.au Share Price (7 Jul 21) $0.27 Shares on Issue - ZNC fully paid ordinary 294.4m Market Capitalisation (7 Jul 21) $79m Cash (31 Mar 21) $3.1m Listed Equities 3m RTR Shares (7 Jul 21) $1.5m Contact Det
Slide 4: Core Gold Projects
CORE GOLD PROJECTS 1. Red Mountain Gold Project – Queensland (100% For personal use only owned) • High-grade near surface gold & silver in Zenith’s maiden drill campaign 1 - drilling continuing • 13m @ 8.0 g/t Au incl 6m @ 16.7 g/t Au from surface • 15m @ 3.5 g/t Au, 2m @ 8.0 g/t Au & 109.4 g/t Ag 2
Slide 5: Red Mountain Gold
Red Mountain Gold For personal use only Red Mountain Plan - Gold Zones, Targets & Planned Drilling Red Mountain Cross Section Showing Gold Zones & Planned Drilling 1 ZNC ASX Releases 24 Sep 19, 25 Oct 19 & 25 Nov 19, Drill results 17 Jun 20, 19 Oct 20, 29 Oct 20, 21 Jan 21, 14 Apr 21, 19 May 21 5
Slide 6: Red Mountain Gold-Mt Wright Analogy
Red Mountain Gold-Mt Wright Analogy For personal use only Zenith’s Red Mountain gold mineralisation like that at the Mount Wright gold mine 1 ZNC ASX Releases, 21 Jan 21, 14 Apr 21, 19 May 21 6
Slide 7: Split Rocks Gold: Multiple Drill Targets in Multi-Million Ounce District
Figure 2 Split Rocks Gold Multiple Drill Targets in Multi-Million Ounce District For personal use only Recent ZNC results2: Dulcie Laterite Pit (2km long zone defined – drilling continuing): - 16m @ 3.7 g/t Au, 18m @ 2.0 g/t Au (eoh) Dulcie North - 32m @ 9.4 g/t Au, incl 9m @ 31.4 g/t Au Dulcie Far
Slide 8: Split Rocks Gold Figure
Split Rocks Gold Figure 3 For personal use only ZNC ASX Release 21 Oct 19, 28 Oct 19, 5 Aug 20 & 2 Sep 20, 19 Oct 20, 29 Oct 20, 17 Dec 20, 15 Jan 2021, 11 Mar 21, 21 Apr 21, 24 Jun 21 DHLGO = Dulcie Heap Leach Gold Operation, Zenith has subsurface rights (gold below 6m)1 8
Slide 9: Cowarra Gold
Ownership: Initial 16 – 22.5% Cowarra Gold Location: NSW Commodity: Gold Stage: Drilling • Investment into unlisted entity Oxley Resources For personal use only • Similar Age & Style to major Gold Deposits in Lachlan Orogen • >5km long target zone • Shear hosted, gold-arsenic association • Historic
Slide 10: Base Metal Projects
B A S E M E TA L PROJECTS For personal use only Develin Creek Copper-Zinc Project (100% owned) - Queensland • Maiden drill test of the new Snook copper target located 30km south of Zenith’s JORC resources discovers massive copper-zinc sulphides3 • District scale VMS play Earaheedy Zinc Lead (25% own
Slide 11: Develin Creek Copper
Develin Creek Copper Sulphide City For personal use only 2.57Mt@1.76% Cu, 2.01% Zn Redback 7450000mN 0.24g/t Au and 9.6g/t Ag (JORC1) 10m@0.5% Zn 10KM 8 Targets Ready for Drill Testing Planet Pyrite 3m@0.8% Zn 20KM Snook Prospect 7425000mN 3m @ 1.6% copper, 1.1% zinc, 43 g/t silver, 0.2 g/t gold2 ZD
Slide 12: Earaheedy Zinc
Earaheedy Zinc For personal use only Granted E69/3464 ZNC 25% / Rumble Resources Ltd (ASX:RTR) 75% Major Zn-Pb-Ag Discovery (19-Apr-21): 34m @ 4.22% Zn+Pb from 66m incl 15m @ 6.97% Zn+Pb Drill results (2-Jun-21) highlight potential for multiple very large scale (Tier 1) Zinc-Lead-Silver Sedex varian
Slide 13: Chinook Prospect (before new results)
Chinook Prospect (before new results) For personal use only Pre 8-Jul-21 Results • Each inferred north/northwest extension feeder fault has the potential to develop higher-grade Zn-Pb-Ag Zones over the length of the planes - Chinook has a multitude of extension faults over km’s of strike • Mineralis
Slide 14: Chinook Prospect – New Results
Chinook Prospect – New Results For personal use only • Zn-Pb mineralisation flat lying, confirmed over 3km x 1.8 km grid (previously 2km x 1.2km), up to 34m true width – all holes mineralised & open • Interpretation based on geological and airborne magnetics is Zn-Pb-Ag grades increase significantly
Slide 15: Chinook Prospect – Section (before new results)
Chinook Prospect– Section (before-new results) For personal use only • Section over 600m wide and up to 34m vertical (true thickness) – Open • Inferred multiple higher-grade Zn-Pb-Ag extension feeder faults (Sedex Variant Style) • Extension feeder faults strike N/NW and mineralisation dips shallow t
Slide 16: Chinook Prospect – Section (incl. new results)
Chinook Prospect– Section (incl-new results) For personal use only • Section over 1.8km wide and up to 49m vertical (true thickness) – Open • Inferred multiple higher-grade Zn-Pb-Ag extension feeder faults (Sedex Variant Style) • Extension feeder faults strike N/NW and mineralisation dips shallow to
Slide 17: Earaheedy Zinc – Geological Model
Earaheedy Zinc – Geological Model – T i e r 1 S e d e x Va r i a n t T y p e For personal use only • The feeders run sub parallel to the Lockeridge Fault • Amenable Host Rocks • Underlying Source • Open down dip & along strike Results refer to RTR ASX Release 19-Apr-21, 28-Apr-21, 25-May-21 , 2 Jun
Slide 18: Earaheedy Zinc – Geological Model
Earaheedy Zinc – Geological Model – T i e r 1 S e d e x Va r i a n t T y p e For personal use only • Sedex deposits accounts for 25% of Zn-Pb production and 50% of Zn & Pb reserves globally1 • Sedex deposits form Giant and Super Giant Tier 1 Deposits3 • 6 of the 10 largest active zinc mines are Sede
Slide 19: Earaheedy Zinc JV
Earaheedy Zinc JV For personal use only • Zenith 25% free carry to end Bankable Feasibility Study • Both parties have pre-emptive right • Rumble Resources Limited (ASX:RTR) exploration program underpinned by a recent $40M capital raise (28-Apr-21) • Major 30,000 Metre Drill Program Commenced Ø 1 Dia
Slide 20: Our Projects and the Lifecycle
Our Projects and the Lifecycle Risks Fluctuating commodity prices Funding risk Technical risk For personal use only HIGH Exploration risk VALUE $ Discovery Speculation Operating Mine Institutional / Strategic Junior Exploration Orphan Period Investment LOW VALUE Earaheedy 25% Zn & Pb Life Cycle Red
Slide 21: Newsflow - we are busy!
Newsflow- we are busy! For personal use only Drill & Met into Earaheedy Zinc JV (ZNC 25% free carried to BFS) rest of 2021 • Objective – define ultimate size & scale 2021/22 Red Mountain Gold Project – Queensland (100%) Drilling ongoing • Objective – define a gold resource 2021 Split Rocks Project G
Slide 22: Zenith in a nutshell
Zenith in a nutshell For personal use only 1. We have a very clear Strategy – right commodities, right time, 2. We continue to generate very good results in the precious & base metals space 3. We are very focused on value generation by adding to our current metal inventory 4. Activity levels will re
Slide 23: Disclaimer & JORC Statements
Disclaimer & JORC Statements Forward looking statements Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. Forward-looking statements include e
Slide 24: www.zenithminerals.com.au
For personal use only www.zenithminerals.com.au 24