Eagle Mountain Mining Ltd. · ASX:EM2
Eagle Mountain Mining — Investor Presentation (December 2024)
23 slides from Eagle Mountain Mining's investor presentation, Dec 16, 2024
Slide 1: Pivot to copper exploration – Capital Raising
For personal use only Pivot to copper exploration Capital Raising December 2024 (ASX:EM2)
Slide 2: Important Information
IMPORTANT INFORMATION P u r p o s e o f p r e s e n t a t I o n : This presentation has been prepared by Eagle Mountain Mining Limited (ACN 621 541 204) (Eagle Mountain) and should be read in conjunction with the Company’s Annual Report, issued by Eagle Mountain For personal use only on 23 October 2
Slide 3: Pivot to exploration
Pivot to exploration ▪ The decision to not extend mineral rights at Oracle Ridge (ASX Announcement, 25 November 2024), provided Eagle Mountain with the opportunity to consider the best way forward, which is to focus on its considerable exploration prospects at its For personal use only Wedgetail and
Slide 4: Corporate Snapshot
Corporate Snapshot Key Metrics Price (A$) Volume (m) For personal use only ASX Code EM2 Shares on Issue (as at 11 December 2024) 400m $0.10 25 Share Price (as at 11 December 2024) $0.015 Cash (as at 30 September 2024) $1.6m as at 30 Sept 2024 $0.08 20 Borrowings and Obligations $14.8m1 Market Capita
Slide 5: Transaction overview
Transaction overview • Eagle Mountain Mining (“Eagle Mountain” or the “Company”) is seeking to undertake a partially underwritten renounceable entitlement offer to raise a total of approximately A$6.4 million (“Entitlement Issue” or the “Offer”). For personal use only • Existing eligible shareholder
Slide 6: Sources and Uses & Pro-forma balance sheet & cap structure
Sources and Uses & Pro-forma balance sheet & cap structure Pro-Forma Capitalisation m Sources of Funds Min (A$m)1 Max (A$m)2 For personal use only Shares on Issue 400.7 Offer Proceeds 5.8 6.4 New Shares under Entitlement Issue 801.3 Cash Balance (30 September 2024) 1.6 1.6 Total shares on issue post
Slide 7: Obligations
Obligations • History - This obligation was vendor financing from the acquisition of the Wedgetail Project and the Oracle Ridge project in 2019. For personal use only • Balance - US$7.25m. Does not attract interest. • Repayment Structure - US$1.5m pa for 4 years with next payment in November 2025. F
Slide 8: Indicative timetable
Indicative timetable Event Date1 For personal use only Trading Halt Thursday, 12 December 2024 Announcement of Entitlement Issue Pre-Market, Monday, 16 December 2024 Lodgement of Prospectus with ASX and ASIC Friday, 20 December 2024 Ex-Date Thursday, 2 January 2025 Rights trading commences on a defe
Slide 9: Two key projects – in a world class location
Two key projects – in A world class location Silver Mountain Project – large scale targets and high-grade outcrops 100% owned copper-gold-silver exploration project located Description & Location northwest of Phoenix, Arizona For personal use only Large landholding > 28km2 including over 5km strike
Slide 10: Wedgetail: Strategic land position to the Oracle Ridge Mine
wedgetail Strategic land position to the Oracle Ridge Mine For personal use only ▪ Strong strategic holding position for the nearby Oracle Ridge mine with no ongoing financial demands relating to the Oracle Ridge Mine. We own the: ✓ Key access route to the mine ✓ Historic tailings dam site and land
Slide 11: Wedgetail: Large prospective zone with high grade outcrop
wedgetail Large prospective zone with high grade outcrop For personal use only ▪ OREX is interpreted to be a copper dominated skarn system ▪ High-grade rock chip samples along the Leatherwood contact and surrounding area include: o 9.15% Cu, 192g/t Ag, 0.15g/t Au o 8.08% Cu, 30.9g/t Ag, 0.23g/t Au o
Slide 12: Wedgetail: Multiple Geophysical anomalies
Wedgetail Multiple Geophysical anomalies For personal use only ▪ Red Hawk prospect showing two distinct zones of high electromagnetic response ▪ Section view of Red Hawk showing interpreted near-surface conductive targets from aerial versatile time domain electromagnetic (VTEM) survey ▪ Higher magne
Slide 13: Wedgetail: Potential cashflow from tailings repurposing
Wedgetail Potential cashflow from tailings repurposing For personal use only ▪ Independent testwork shows existing tailings can be made into marketable products such as additives and fillers. ▪ High carbonate content makes tailings suitable for various construction applications. ▪ Preliminary market
Slide 14: Silver Mountain: new discoveries spark focused exploration strategy
Silver mountain new discoveries spark focused exploration strategy Silver Mountain Mining Tenements For personal use only Underexplored with great potential ▪ Strong indicators recently discovered for high grade outcropping and porphyry style mineralisation ▪ Over 99% project area not drill tested ▪
Slide 15: Silver Mountain: Multiple mineralisation systems
Silver mountain MULTIPLE MINERALISATION SYSTEMS Copper High-Grade Uranium- For personal use only Porphyry Cu-Au-Ag Thorium-REEs Seismic Anomalies: High Grade Outcrops: Prospective Geological Features: Buried high velocity bodies, possible Up to 11% Cu, 86g/t Au, 921g/t Ag and Structurally controlled
Slide 16: Silver Mountain: Multiple high-grade discoveries
Silver mountain MULTIPLE high-grade discoveries 11.65g/t Au For personal use only 4.2g/t Au 3.00% Pb 112g/t Ag 67.7g/t Ag 3.5% Cu ▪ Phase 1 drilling completed in 2019 - primarily focused in the eastern 7.46g/t Au 181g/t Ag 354/t Ag region (Pacific Horizon). 3.5% Cu 387ppm U3O8 ▪ New discovery in the
Slide 17: Silver Mountain: high grade out-cropping gold and silver at Scarlett
Silver mountain high grade out-cropping gold and silver at scarlett For personal use only ‘’Silver Mountain’s history of high-grade copper and gold mining, combined with strong geological evidence supporting the presence of significant porphyry systems, is guiding our exploration efforts at the proj
Slide 18: Geophysical anomalies support potential porphyry system
Silver Mountain Geophysical anomalies support potential porphyry system High-Grade Results and Link to Porphyry Targets… ….With Similarities to Existing Porphyry Models For personal use only 64.1g/t Au 11.65g/t Au Prospective Zone with 7.46g/t Au 3.00% Pb 15.4% Pb 181g/t Ag High-Grade Results 445g/t
Slide 19: Porphyry-style targets defined by high velocity and low magnetics
porphyry-style targets defined by high velocity and low magnetics For personal use only 19
Slide 20: Conceptual Silver Mountain section showing two porphyry-style targets
Silver Mountain Conceptual Silver Mountain section showing two porphyry-style targets based on velocity (left) and Magnetics (right) For personal use only 20
Slide 21: Silver Mountain summary
Silver mountain summary ▪ Silver Mountain – in the right area, with the right signs of the potential for a tier-1 deposit For personal use only ▪ Porphyry style targets supported by multiple geological indicators for a large, mineralised system ✓ Seismic anomaly ✓ Gravity anomaly ✓ Magnetic anomaly
Slide 22: Key Risks
KEY RISKS Key Risks include, but not limited to: Reliance on key personnel Environmental Risks The Company’s success depends to a significant extent upon its key management personnel, as well as The Company’s operations and projects are subject to the laws and regulations of the jurisdictions in oth
Slide 23: Key Risks
KEY RISKS Key Risks include, but not limited to: Operating Risks The operations of the Company may be affected by various factors which are beyond the control of For personal use only the Company, including failure to locate or identify mineral deposits, failure to achieve predicted grades in explor
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