Zenith Minerals Limited · ASX:ZNC
Zenith Minerals — Shareholder Meeting (November 2019)
18 slides from Zenith Minerals's shareholder meeting presentation, Nov 20, 2019
Slide 1: AGM Presentation 20 November 2019
For personal use only Drilling high-grade gold targets in Western Australia Advancing QLD gold target to drill status Rapidly evolving new REE play in Wyoming USA Partners drilling zinc project & iron project in Nov-Dec ASX:ZNC AGM Presentation 20 November 2019 www.zenithminerals.com.au
Slide 2: Summary
Summary For personal use only Outstanding gold & lithium portfolio in Australia & USA New Rare Earths (REE) Project – Wyoming USA Significant current & upcoming exploration activity focussed on; • High-grade gold at Split Rocks – returned up to 10m @ 2.20g/t Au (incl 6m @ 3.32 g/t Au) and 5m @ 3.23
Slide 3: Rights Issue - Use of Funds
Rights Issue - Use of Funds For personal use only Non-renounceable 1:6 entitlement offer at 5.5c to raise ~$1.95 million1. Funds from the raising are intended to be applied towards accelerating activity at the following projects, in addition to general working capital requirements: Split Rocks Proje
Slide 4: Corporate Structure
Corporate Structure For personal use only ZNC Share Price Capital Structure – ASX: ZNC Source: CommSec.com.au Share Price (19 Nov 19) $0.055 Iron Ore Shares on Issue - ZNC fully paid ordinary 213m Boom Shares on Issue –post Entitlement Offer (assumes fully 248m Lithium Boom subscribed) Market Capita
Slide 5: Split Rocks: Gold
Ownership: 100% Split Rocks: Gold Location: WA Commodity: Gold & Lithium Stage: Drilling For personal use only Major gold district Initial Phase 1 Drilling Completed – Oct 19 High-grade gold intersected in very wide spaced RC drilling beneath operating 3rd party gold heap leach mine ZNC Results incl
Slide 6: Split Rocks: Gold - Phase 1 Drill Program
Ownership: 100% Split Rocks: Gold Location: WA Commodity: Gold & Lithium Stage: Drilling Initial Phase 1 Drill Program For personal use only Completed (16 RC holes): ➢ Testing high-grade gold targets over 4km of strike ➢ Limited previous deeper (>75m depth) drill holes, results include1: ➢ 6.0m @ 16
Slide 7: Split Rocks: Gold
Split Rocks: Gold Typical Goldfields style Archaean lode-gold mineralisation For personal use only ?? 10m @ 2.2 g/t Au 59 - 60m 60 - 61m 61 - 62m 62 - 63m 63 - 64m 64 - 65m 65 - 66m 66 - 67m 67 - 68m 68 - 69m 69 - 70m DEPTH assay awaited 2.18 2.28 5.6 0.36 4.56 4.95 0.38 0.21 0.49 1.03 Au g/t ZDRC 0
Slide 8: Split Rocks: Lithium
Ownership: 100% Split Rocks: Lithium Location: WA Commodity: Gold & Lithium Stage: Prospects For personal use only Dulcie pegmatite 80m Anomalous lithium in RC holes Rock sample 0.39%Li20 Major strategic ground holding adjacent to WES / SQM’s Earl Grey Lithium Deposit. Recent WES takeover of KDR val
Slide 9: Laramie: REE - Wyoming USA
Laramie: Ownership: 100% Location: WY-USA Commodity: Rare Earths REE - Wyoming USA Stage: Prospects For personal use only Excellent Location 30km to Interstate 35km to Rail Abundant low-cost commercial electricity Multiple existing major mining operations Local engineering and construction companies
Slide 10: Laramie: REE - Wyoming USA
Laramie: Ownership: 100% Location: WY-USA Commodity: Rare Earths REE - Wyoming USA Stage: Prospects For personal use only Widespread REE mineralisation over hundreds of metres identified in all nine recent systematic chip sample traverses1 1 ZNC ASX Release 6 Nov 19 10
Slide 11: Laramie: REE - Wyoming USA
Laramie: Ownership: 100% Location: WY-USA Commodity: Rare Earths REE - Wyoming USA Stage: Prospects For personal use only Large scale at surface REE target Metallurgy likely a key to projects potential – further test work planned Approx. 0.6mm Allanite Approx. 0.6mm Allanite The REE mineral allanite
Slide 12: Laramie: World REE Projects Size and Grade
Laramie: Ownership: 100% Location: WY-USA Commodity: Rare Earths REE - Wyoming USA Stage: Prospects For personal use only World REE Projects Size and Grade Source: http://www.techmetalsresearch .com/metrics-indices/tmr- advanced-rare-earth-projects- index/ updated where new information available by
Slide 13: Red Mountain: Gold
Ownership: 100% Red Mountain: Gold Location: QLD Commodity: Gold & Silver Stage: Prospect For personal use only Recent field work returned further encouraging results, including1; • High-grade gold in soils up to 2210 ppb Au (2.2g/t Au), 1600 ppb Au (1.6 g/t Au), 550ppb Au and 320ppb Au; • Gold in r
Slide 14: USA Lithium JV
USA Lithium JV Zenith Bradda Head Ltd Location: Commodity: 45% initial 55% USA Lithium Stage: Resource For personal use only Bradda Head Zenith • JV manager Bradda • US$5M free carry on BH JV • Spending US$5M on 5 Head • 5 USA lithium projects in JV lithium projects in JV with Zenith with Bradda Hea
Slide 15: Kavaklitepe: Gold
Ownership: ~25% Kavaklitepe: Gold Location: Turkey Commodity: Gold Stage: Drilling For personal use only • Joint Venture with Turkish affiliate of Teck ~75% / 25%, ZNC can contribute at ~25% or option to dilute to a 5% NPI • ~30km south west of major new 3Moz gold discovery at Sogut (Koza) • 2019 dr
Slide 16: Focus on Discovery
Focus on Discovery For personal use only Partners Spending $$ on 100% Owned ZNC Projects ZNC Projects Our Aim is Discovery Increased Spending Increasing Chance of Success Sharing Risk $1.5M received in cash & shares from deals on ZNC projects since Feb 17 American Li – Bradda Head JV Split Rocks Lit
Slide 17: Newsflow & Catalysts
Newsflow & Catalysts Split Rocks Gold & Lithium Project – WA (100% owned) For personal use only • ZNC initial wide spaced drill program returned up to 10m @ 2.20g/t Au (incl 6m @ 3.32 g/t Au) and 5m @ 3.23 g/t Au 1 beneath operating 3rd party heap leach gold mine • Previous results: 6.0m @ 16.91 g/t
Slide 18: Disclaimer & JORC Statements
Disclaimer & JORC Statements For personal use only 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-lookin
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