Blackstone Minerals Ltd · ASX:BSX
Blackstone Minerals — RIU Explorers Conference 2019
33 slides from Blackstone Minerals's conference presentation, Feb 21, 2019
Slide 1: Investor Presentation (ASX: BSX) February 2019
For personal use only Investor Presentation (ASX: BSX) February 2019 Exploring one of the world’s highest grade Cobalt-Gold projects in British Columbia, Canada
Slide 2: Projects Locations
Projects Locations An international portfolio of cobalt, gold & nickel exploration projects For personal use only BC Cobalt Belt (Cobalt-Gold) Cartier (Nickel-Cobalt) Middle Creek (Gold) Silver Swan South (Gold & Nickel-Cobalt) www.blackstoneminerals.com.au 2
Slide 3: Projects Summary
Projects Summary A portfolio of exploration projects in Canada and Australia For personal use only BC Cobalt Project (Cobalt-Gold), British Columbia, Canada ▪ First drill hole intersected 3% cobalt and 44 g/t gold, consistent with historic drilling and adit channel sampling average grades of 3% coba
Slide 4: BC Cobalt Project
BC Cobalt Project For personal use only One of the highest grade Cobalt projects in the world Excellent infrastructure in a well known historic mining district of British Columbia ~330 km by road from Vancouver, Canada; The Little Gem Co-Au project was discovered in the 1930’s by prospectors; 6.2% C
Slide 5: Little Gem Exploration Highlights
Little Gem Exploration Highlights Jewel Project Consistent & numerous very high grade historic cobalt & gold results (rock samples up to 75 g/t Au) For personal use only Historic drilling results Magnetic Low ▪ 1.8 m @ 2.4% cobalt & 112 g/t gold; ▪ 3.3 m @ 1.4% cobalt & 12 g/t gold; ▪ 4.1 m @ 1.4% c
Slide 6: Very High Grade Cobalt and Gold
Very High Grade Cobalt (+1.0% Co) and Gold (+5g/t Au) Multiple zones of sulfide within broader alteration halo For personal use only Source: Refer to ASX Announcement 26 July 2017 and 9 January 2018 www.blackstoneminerals.com.au 6
Slide 7: Maiden drilling program at Little Gem
Maiden drilling program at Little Gem Maiden drilling tested the initial ~300m strike target zone at Little Gem For personal use only Source: Refer to ASX Announcement 9 January 2018 and 31 October 2018 www.blackstoneminerals.com.au 7
Slide 8: A new Cobalt-Gold discovery at the BC Cobalt Project
A new Cobalt-Gold discovery at the BC Cobalt Project Visible Gold and Oxidised Cobalt (Erythrite) discovered 900m from Little Gem For personal use only Erebor Co-Au Discovery Rock chip samples up to 2.3% cobalt, 32 g/t gold, 1.6% copper & 1.1% nickel Two new discoveries by Blackstone within the firs
Slide 9: IP Survey Chargeability Contours at the BC Cobalt Project
IP Survey Chargeability Contours at the BC Cobalt Project IP Survey confirms multiple new targets with Chargeability and Resistivity signatures typical of sulfide bearing bodies For personal use only www.blackstoneminerals.com.au Source: Refer to ASX Announcement 6 September 2018 9
Slide 10: IP Survey Chargeability Contours at Little Gem Prospect
IP Survey Chargeability Contours at Little Gem Prospect IP Survey confirms multiple new targets with Chargeability and Resistivity signatures typical of sulfide bearing bodies For personal use only www.blackstoneminerals.com.au Source: Refer to ASX Announcement 6 September 2018 10
Slide 11: IP Survey Chargeability Contours at Jewel Prospect
IP Survey Chargeability Contours at Jewel Prospect IP Survey confirms multiple new targets with Chargeability and Resistivity signatures typical of sulfide bearing bodies For personal use only www.blackstoneminerals.com.au Source: Refer to ASX Announcement 3 October 2018 11
Slide 12: Copper Rock and Soil Contours at BC Cobalt Project
Copper Rock and Soil Contours at BC Cobalt Project Multiple new targets with Copper Rock and soil anomalies coincident with IP signatures typical of sulfide bearing bodies For personal use only Jewel Cu – Au - Co Little Gem Co - Au Erebor Co - Au www.blackstoneminerals.com.au 12 Source: Refer to ASX
Slide 13: Cobalt Rock and Soil Contours at BC Cobalt Project
Cobalt Rock and Soil Contours at BC Cobalt Project Multiple new targets with Cobalt Rock and soil anomlies coincident with IP signatures typical of sulfide bearing bodies For personal use only Jewel Cu – Au - Co Little Gem Co - Au Erebor Co - Au Source: Refer to ASX Announcement 16 October 2018 www.
Slide 14: Gold Rock and Soil Contours at BC Cobalt Project
Gold Rock and Soil Contours at BC Cobalt Project Multiple new targets with Gold Rock and soil anomalies coincident with IP signatures typical of sulfide bearing bodies For personal use only Jewel Cu – Au - Co Little Gem Co - Au Erebor Co - Au www.blackstoneminerals.com.au Source: Refer to ASX Announ
Slide 15: BC Cobalt Belt Geological Setting
BC Cobalt Belt Geological Setting Dominant land position along strike from major historic gold mines For personal use only Source: Refer to ASX Announcement 26 July 2017 and 6 September 2017 www.blackstone.com.au www.blackstoneminerals.com.au 2015 04
Slide 16: Analogous to Bou-Azzer in Morocco
Analogous to Bou-Azzer in Morocco BC Cobalt geology is analogous to the world class Bou-Azzer primary Cobalt district For personal use only Bou-Azzer in Morocco has Co-Ni Arsenide deposits with Au & Ag and is currently one of the world’s only operating primary cobalt mines; Structurally controlled a
Slide 17: Analogous to Bou-Azzer in Morocco
Analogous to Bou-Azzer in Morocco Bou-Azzer orebodies are located near the contact of serpentinite and diorite; the same geological setting occurs at the BC Cobalt Belt For personal use only Bou-Azzer Mine BC Cobalt Project www.blackstoneminerals.com.au 17
Slide 18: Bou-Azzer District vs BC Cobalt Project
Bou-Azzer District vs BC Cobalt Project Bou-Azzer is a world class mining district with over 50 Cobalt deposits and 75 years of Cobalt production and the Bridge River Mining Camp is a world class mining district which has never been explored for cobalt or base metals For personal use only Bou-Azzer
Slide 19: Silver Swan South Emerging Gold Discovery
Silver Swan South Emerging Gold Discovery Along strike of the world class Kanowna Belle Gold Mine (+5 Moz gold endowment) For personal use only High priority nickel sulfide & gold targets Black Eagle Prospect ▪ 10 m @ 3.2 g/t Au from 68 m ▪ 3 m @ 3.5 g/t Au from 60 m Kanowna Belle + 5 Moz Discovery
Slide 20: Silver Swan South Gold & Nickel Targets
Silver Swan South Gold & Nickel Targets Actively drilling for gold and nickel sulfides 10 km to Silver Swan and Black For personal use only Swan Nickel Mines 166 kt Nickel High priority nickel sulfide & gold targets RIA 167: 3 m @ 3.5 g/t Au from 60 m SNAC070: 10 m @ 3.2 g/t Au from 68 m SNAC027: 3
Slide 21: Silver Swan South Nickel-Cobalt sulfides
Silver Swan South Nickel-Cobalt sulfides Nickel-Cobalt Sulfide targets at the Silver Swan South Project near Kalgoorlie, Western Australia For personal use only Black Eagle Ni-Co Black Falcon Ni-Co www.blackstoneminerals.com.au 21
Slide 22: Presentation Summary
Presentation Summary Proven track record of mineral discovery and corporate success For personal use only Exploring one of the highest grade Cobalt projects in the world located in British Columbia, Canada; Little Gem historic results average 3% cobalt & 20 g/t gold confirmed by * first hole interse
Slide 23: Appendix 1: Corporate Snapshot
Appendix 1: Corporate Snapshot A tight capital structure and well funded for further exploration For personal use only Substantial Shareholders ASX Code BSX Board & Management Shares on issue 108.2m 24% Last Share Price (11 February 2019) 9.0c Market Capitalisation A$9.8m Cash A$1.2m Colestar Manage
Slide 24: Appendix 2: Board & Management Team
Appendix 2: Board & Management Team Proven track record of mineral discovery and corporate success Board of Directors For personal use only Geologist with over 20 years corporate and technical experience, founder of Adamus Resources Limited, a A$3M float which became a multi-million Hamish Halliday
Slide 25: Appendix 3: Global Cobalt Production
Appendix 3: Global Cobalt Production Cobalt grades and production of leading cobalt producers Company Project Annual AnnualProduction (t) For personal use only Company Project Location Location Primary Metal Primary Metal Cobalt Grade (%) Co Grade Production Market MarketShare (%) Share Managem Bou-
Slide 26: Appendix 4: Cobalt Supply
Appendix 4: Cobalt Supply >60% of the world’s Cobalt supply is from the DRC Cobalt Mined by Primary Metal Cobalt Resources & Reserves by Locations For personal use only Primary Cobalt 3% Nickel Laterite 14% China Philippines Cote d'Ivoire Finland Nickel Sulphide 20% Cuba Dem. Rep. Congo Zambia Canad
Slide 27: Appendix 5: Cobalt Demand
Appendix 5: Cobalt Demand Battery chemicals account for 50% of Cobalt Demand For personal use only Cobalt Demand for Battery Chemicals Cobalt Usage Other 32% Battery Chemicals 50% Superalloys 18% Source: Canaccord Genuity Source: Darton Consulting In a 100% EV world, incremental annual commodity Cob
Slide 28: Appendix 6: Global Cobalt Resources
Appendix 6: Global Cobalt Resources Putting global Cobalt resource grades into context For personal use only www.blackstoneminerals.com.au 28
Slide 29: Appendix 7: Little Gem Historical Data
Appendix 7: Little Gem Historical Data Consistent & numerous very high grade historic cobalt & gold results – refer ASX Announcement 26 July 2017 For personal use only www.blackstoneminerals.com.au 29
Slide 30: Appendix 8: Cartier Nickel-Cobalt Project
Appendix 8: Cartier Nickel-Cobalt Project Early stage exploration for Voisey’s Bay style Ni-Cu-Co mineralisation For personal use only Cartier Project (Nickel & Cobalt), Québec ▪ Located 440 km north-east of Quebec City (9 km² of tenure); ▪ Historic exploration (1990’s) for Voisey’s Bay style Ni-Cu-
Slide 31: Appendix 9: Middle Creek Project
Appendix 9: Middle Creek Project Abutting Novo Resources & Millennium Minerals For personal use only Source: Refer to Prospectus dated 15 December 2016 and NI 43-101 Technical Resource Report for Beatons Creek Dated 1 October 2015 www.blackstoneminerals.com.au 31
Slide 32: Forward Looking Statement & Competent Person Statement
Forward Looking Statement & Competent Person Statement ▪ This presentation may contain certain forward looking statements and projections regarding: - estimated, resources and reserves; For personal use only - planned production and operating costs profiles; - planned capital requirements; and - pla
Slide 33: For personal use only
For personal use only Suite 3, Level 3, 24 Outram Street, West Perth, WA, 6005 T: +61 8 6425 5217 | F: +61 8 6500 9982 | E: admin@blackstoneminerals.com.au | www.blackstoneminerals.com.au @blackstone_BSX @blackstoneminerals Blackstone Minerals