Hammer Metals Limited · ASX:HMX
Hammer Metals — IMARC 2024 - Sydney
26 slides from Hammer Metals's conference presentation, October 2024
Slide 1: Growth and Discovery in Copper, Critical Minerals & Gold
Growth and Discovery in Copper, Critical Minerals & Gold Large copper equivalent resource base in North Queensland Emerging gold project in the Yandal, WA New JV’s – funded for FY25 and beyond Dan Thomas, Managing Director Investor Presentation IMARC - Sydney 29-31 October 2024 ASX: HMX www.ha
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement The announcement of this presentation on the ASX platform has been authorized by Daniel Thomas, It confirms that it is not aware of any new information or data that materially affects the information included Managing Director, Hammer Metals Limited in thos
Slide 3: Exploring two of the world's great metal provinces
Exploring two of the world’s great metal provinces MOUNT ISA PROVINCE One of the world’s 1 4 largest base metal provinces Dominant position in Mount Isa – one of Team that has made world Australia’s most prospective copper class mineral discoveries provinces (~3,000sqkm) 2 5 YANDAL GOLD MOUNT ISA Bu
Slide 4: Corporate Snapshot
888M $41M $5.2M Corporate Snapshot | ASX:HMX Shares on issue ASX: HMX Market Cap At $0.046 (28 Oct 2024) Cash As at 30 Jun 2024 Board and management with a track record of success $36M 27.5 M Unlisted Options Nil Enterprise Value Av. Ex Price $0.065; brings in Debt additional ~$1.8m 13.5M Perf. Righ
Slide 5: Mount Isa Projects
Mount Isa Projects Queensland Hammer is committed to increasing its inventory of >530,000 tonnes of copper equivalent metal* Dual-track strategy to become a copper developer: Discover additional copper and gold near existing JORC Resources Explore for standalone large-scale Iron Oxide Copper G
Slide 6: Lady Jenny Mining Lease Option
Lady Jenny Mining Lease Option Hammer has secured an option to purchase an 80% interest in the granted Lady Jenny Mining Leases, strategically located near Hammer’s defined JORC Mineral Resources within its broader Mount Isa copper-gold portfolio. Previously mined for copper oxide ore that was t
Slide 7: Kalman – Near-Field Exploration Opportunities
Kalman – Near-Field Exploration Opportunities New high-priority targets defined at Kalman East, South East and North. Soil sampling delineating a new anomalous copper and molybdenum zone of a similar scale to the Kalman system Extensional and in-fill soil sampling has been conducted to the eas
Slide 8: Tourist Zone – Promising Cu/Au Prospect
Tourist Zone – Promising Cu/Au Prospect Tourist Zone was initially drilled by Hammer Metals in late 2023 with significant intercepts including: 30m at 0.8% Cu and 0.24g/t Au from 121m in HMTZRC001 including 15m at 1.13% Cu and 0.24g/t Au; and 12m at 1.14% Cu and 0.18g/t Au from 107m in HMTZRC0
Slide 9: Multiple EM Conductors at Mascotte and Revenue
Multiple EM Conductors at Mascotte and Revenue Highly encouraging EM conductors identified at Mascotte and Revenue Mascotte EM conductors have been located nearby Hammer’s recent drilling at Mascotte and Mascotte Junction where previous drilling has intercepted: 53m at 1.55% Cu and 0.52g/t Au
Slide 10: Landmark Transaction with Carnaby Resources
Landmark Transaction with Carnaby Resources Total consideration payable by Carnaby to Hammer of up to $20 million for up to 70% of 3 sub-blocks (~9km2) Consideration from the initial tranche of payments comprises $4 million in cash and $5 million in Carnaby shares. A further $5 million in cash w
Slide 11: New JV's with Global Base Metal Producers
New JV’s with Global Base Metal Producers Bullrush – Sumitomo Metal Mining Oceania Isa Valley – South32 Pursuing Ernest Henry Style IOCG Deposits1 Targeting Large Scale Mount Isa-style sediment hosted lead-zinc-copper discoveries2 Located in an analogous geological setting to the Mt Isa Deposi
Slide 12: Kalman – Our Cornerstone Asset – 100% HMX
Kalman – Our Cornerstone Asset – 100% HMX Updated JORC Resource Delivered -420kt of Cu Equivalent Metal Indicated and Inferred Mineral Resource Estimate1 of 39Mt @ 0.53% Cu, 0.27g/t Au, 0.10% Mo, 2.1g/t Re (39Mt at 1.1% CuEq Rec) Open pit material represents 71% of the MRE (27.7Mt at 0.90% Cu Eq
Slide 13: Kalman – A Critical Minerals Development Opportunity
Kalman – A Critical Minerals Development Opportunity Molybdenum was added to Australia’s list of critical minerals in December 2023 Kalman is one of two significant Molybdenum dominant projects in Australia. Uses and applications for Molybdenum include stainless steel utilised in turbine applica
Slide 14: Yandal Gold Project
Yandal Gold Project Western Australia Highly prospective, under-explored land package in the heart of the highly prospective Yandal Gold Belt 260km2 tenement position Proximal to existing multi-million-ounce resources including the 4Moz Bronzewing1 gold mine & 1.1Moz Orelia gold deposits Maide
Slide 15: North Orelia – Shallow Gold Prospect
North Orelia – Shallow Gold Prospect Yandal Gold Project Mineralisation over a 2km strike length within multiple structures Initial metallurgical test work completed for the North Orelia gold deposit. Average gold recoveries of 94% (range 90% to 96%) achieved during initial metallurgical test work
Slide 16: Hammer Metals: Positioned for Growth and Success
Hammer Metals: Positioned for Growth and Success 1 2 3 4 JORC Equivalent Resources in High impact exploration Committed to replicating past excess of >530kt* of Copper Multiple high-grade Cu/Au targets program partnered with world- success in one of Australia’s most Equivalent Metal with Resource wi
Slide 17: Contact
Contact Daniel Thomas, Managing Director daniel@hammermetals.com.au ASX:HMX @HammerMetals 28-30 Mayfair Street West Perth WA 6005 Phone: +61 8 6369 1195 www.hammermetals.com.au www.hammermetals.com.au 17
Slide 18: Copper Hits Delivered in 2023
Copper Hits Delivered in 2023 In 2023, Hammer has delivered a 40% increase in mineral inventory at Kalman and three new prospects with intersections of >50m at >1% Cu KALMAN MASCOTTE 89m at 1.74% CuEq (0.40% Cu and 0.18g/t Au, 0.14% Mo and 2.9g/t Re) 53m at 1.55% Cu and 0.52g/t Au from 77m in fr
Slide 19: Mount Mascotte
Mount Mascotte Historical Workings from early 1900’s – never drilled. Drilling intercepted a broad zone of mineralisation, likely indicating a south- plunging shoot, with the drill hole terminating in mineralisation. Significant intercepts of: 53m at 1.55% Cu and 0.52g/t Au from 77m in HMMARC008
Slide 20: Hardway – Cu REE Discovery
Hardway – Cu REE Discovery Located just 1km north of the Barkly Highway between Mount Isa and Cloncurry 57m at 1.0% copper from surface in HMHWRC012, including: 10m at 2.87% Cu, 0.11g/t Au and 0.09% Total Rare Earth and Yttrium Oxides (TREYO) from 25m 47m at 1% Cu from 14m in HMHWRC017; 43m at
Slide 21: Bullrush
Magnetite alteration Bullrush HMX modelled targets EPM25866 Zones peripheral to Wimberu intrusive Malbon Prospect HMX of Interest Project Area Tier 1 Target – Large-Scale IOCG System Located on the edge of a large intrusive body which has Magnetite alteration EPM25866 Zones within Wimberu been suc
Slide 22: Bronzewing South – A New Perspective
Bronzewing South – A New Perspective Yandal Gold Project Lightly explored, adjacent to world-class orebody 5km strike length has multiple high-priority targets highlighted by geochemical, geophysical and structural analysis Limited exploration exceeding 100m depth across the property (29 RC/DD h
Slide 23: Kalman Resource Estimate & Notes on Copper Equivalence Calculation
Kalman Resource Estimate & Notes on Copper Equivalence Calculation and Metallurgical Recoveries The Kalman Mineral Resource Estimate was updated in May 2023 in accordance with the JORC Code (2012 Edition). (Refer to the ASX Release dated 8th May 2023 for full details of the Resource Estimate.) The c
Slide 24: Overlander and Jubilee Mineral Resource Estimates
Overlander Mineral Resource Estimate Jubilee Mineral Resource Estimate The 100%-owned Overlander Project is situated 60 kilometres to the southeast of the mining centre of Mount Isa in North West The 51%-owned Jubilee Deposit is situated 50 kilometres west of Mount Isa in North West Queensland and 6
Slide 25: Elaine and Mt Philp Mineral Resource Estimates
Elaine Project Mineral Resource Estimate & Notes Mt Philp Mineral Resource Estimate Copper Eqv Calculation & Metallurgical Recoveries The 100%-owned Elaine Cu-Au deposit is situated on granted exploration licence 14022, approximately 50km east of Mount The Mineral Resource Estimate is based on 48 di
Slide 26: Lakeview and Orelia North Resources
Lakeview Mineral Resource Orelia North Resource The 100%-owned Lakeview Deposit is situated within EPM26775, approximately 50 kilometres The Orelia North deposit lies within E36/869, which is held by Carnegie Exploration Pty Ltd, a 100%- west of Mount Isa in North West Queensland. owned subsidiary o