Czr Resources Ltd · ASX:CZR
Czr Resources — Shareholder Meeting (November 2020)
15 slides from Czr Resources's shareholder meeting presentation, Nov 27, 2020
Slide 1: CZR Resources Ltd Annual General Meeting
CZR Resources Ltd 27 November 2020 Annual General Meeting Leveraged exposure to iron-ore and gold Update on Activities Yarraloola Oct 2020
Slide 2: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement Disclaimer This presentation has been prepared by CZR Resources Ltd (“CZR”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and
Slide 3: Corporate Snapshot
Corporate Snapshot Capital Structure (ASX:CZR) Share Price Performance Current Shares On Issue (m) 2,853 Unlisted Options (m) 534 Market Capitalisation @(0.013cps) (A$m) $37.1 Cash (31 October2020) (A$m) $3.1 Debt (A$m) NIL Major Shareholders Creasy Group 58.4% Total top 20 holders 71% Options 149m
Slide 4: Directors & Management
Directors & Management Board of Directors • Mr Flanagan is a geologist and experienced mining executive with more than 25 years experience. Mr Flanagan previously led the development of David Flanagan AM CitWA Atlas Iron as Managing Director and Non Executive Chairman, was the Chancellor of Murdoch
Slide 5: Asset Update
Asset Update Five projects with activity focussed on iron-ore at Yarraloola and gold at Croydon and Buddadoo. Project CZR% 2020 Activity Summary Yarraloola 85% Robe Mesa DSO Iron-ore transitioned from a strategic review to a prefeasibility study . Croydon 70% Extensive 2020 gold exploration programm
Slide 6: Robe Mesa - Yarraloola Project – Overview
Robe Mesa -Yarraloola Project – Overview • Focus on unlocking value and mapping pathway to development for the Robe Mesa JORC resource. • Total resource – Robe and Robe East. – 89 Mt @ 53.7% Fe (Feca = 60.1%) 1,2 – With 24 Mt @ 56%Fe (Feca = 62.7%)1 • Deposit is adjacent to RioTinto operating mines
Slide 7: Robe Mesa Deposit - Prefeasibility Summary
Robe Mesa Deposit - Prefeasibility Summary • PFS base case scope is; – 2Mtpa production rate – +55% Fe product spec – 400km road-train haulage to Pt Hedland – Low capex contractor operated • Current spot price for 58% Fe CFR USD $118/t • Target accelerated payback • Upside opportunities; – Lower cos
Slide 8: Croydon Gold Project – Overview
Croydon Gold Project – Overview • 50-90km along southwest trend of the major regional shear-zone corridor with the DeGrey Mining (ASX:DEG) Hemi discovery. • Large untested areas of historical mining activity. • Completed this year: 600m DDH, 3200m RC, 3900 soil and rock-chip samples, new gravity and
Slide 9: Croydon Project - Top Camp Prospect Summary
Croydon Project - Top Camp Prospect Summary • Maiden RC drilling in late 2019 reported metre intercepts >0.5g/t Au in 9 of 13, holes with best result of 8m at 10.2g/t Au from 135m in SRC007.1 • In 2020, all 13 RC and 3 DDH drill-holes returned downhole intercepts with >0.5g/t Au.2,3 – 2m at 22g/t Au
Slide 10: Croydon Project - Top Camp Area Prospects
Croydon Project - Top Camp Area Prospects • CZR has a large area (100km2) of the Mallina Basin sediments with widespread evidence of prospector activity and historical samples with anomalous gold. • Soil sampling proving effective in generating new untested prospects. • RC drill-holes at Franks Patc
Slide 11: Croydon – Eastern (Martin) Block Exploration
Croydon – Eastern (Martin) Block Exploration • Three areas with a similar structural and geological setting as Hemi were independently outlined. • Targets have sufficient evidence of outcrop to suggest soil geochemistry is effective for exploration. • 940 new samples are at Bureau Veritas laboratori
Slide 12: Buddadoo - Overview
Buddadoo - Overview • Located in the Murchison mining district about 200km east of Geraldton with bitumen access from the Morawa to Yalgoo road. • Target is orogenic gold mineralisation within a geological province that hosts a number of Tier-1 gold mining operations. • 1Moz high-grade Deflector Gol
Slide 13: Buddadoo - Gold
Buddadoo - Gold • 25 strike-km of greenstone along the Salt Creek Shear zone is under-explored. • Five targets for orogenic gold deposits are prioritised. • Gridded soil, rock-chip sampling and mapping has commenced. • Results will identify priority sections for RC drilling. • Heritage engagement fo
Slide 14: Summary and Upcoming Project Plans
Summary and Upcoming Project Plans Yarraloola Iron-ore – PFS to be completed, expansion opportunities to be defined. – Next steps will be to move to DFS, peg mining tenements and environmental approvals. – Opportunities to discover or extend direct-shipping ore resources on the project to be include
Slide 15: Contacts
Contacts Rob Ramsay Managing Director Email: rob.ramsay@czrresources.com Phone: +61 8 6211 5090 15