New Age Exploration Limited · ASX:NAE
New Age Exploration — Beer & Co Tin Conference 2017
19 slides from New Age Exploration's conference presentation, Nov 8, 2017
Slide 1: Redmoor Tin-Tungsten Project Update
Redmoor Tin-Tungsten Project Update Beer & Co Tin Conference 8 November 2017
Slide 2: Disclaimers & Competent Person’s Statement
Disclaimers & Competent Person’s Statement Forward Looking Statements - This report contains “forward-looking information” that is based on the Company’s expectations, estimates and forecasts as of the date on which the statements were made This forward-looking information includes, among other thin
Slide 3: Cornwall Resources Limited
Cornwall Resources Limited • Redmoor Project is owned by Cornwall Resources Limited (CRL) – a 50/50 Joint Venture between: • New Age Exploration Ltd (NAE), ASX Listed • Strategic Minerals plc (SML), AIM Listed • SML earned a 50% interest in Redmoor for a £1.05M Earn In Payment completed in Feb 2017
Slide 4: Redmoor Location and Licence
Redmoor Location and Licence • World-class Cornish tin–tungsten–copper mining district • Redmoor significant historic mine in Kelly Bray area, near Callington • Modern operating mines in the region; Drakelands (tungsten) and china clay • Other projects in the region - South Crofty and Cornish Lithiu
Slide 5: The CRL team
The CRL team • Strong local team, many of whom have links to SW England • Exploration Manager - Brett Grist - Geologist, 19 years global experience • Senior Geologist - James Blight - 10 years global exploration experience • Community Advisor - Jeff Harrison - Mining Engineer, 40 years experience, i
Slide 6: Community & Environment
Community & Environment • Minimising community and environmental impacts has been a key aim • Positive community engagement throughout, resulting in good support • 14 community meetings held since November 2016 • No complaints received • Drilling required land access agreements with 15 landowners an
Slide 7: Redmoor – A Significant Historic Mine
Redmoor – A Significant Historic Mine • Redmoor mine - multiple historically-mined lodes • Mining commenced 1700s and continued to 1943 • Intense activity at Redmoor and surrounds justified opening of a mineral railway line and station at Kelly Bray • Redmoor was a significant mine, and features as
Slide 8: Modern Exploration – 1980’s
Modern Exploration – 1980’s • In 1980, South West Consolidated Resources began work in the Redmoor area • Work included a 35 hole (12,146m) diamond drilling campaign, and delineation of a maiden resource • Metallurgical work indicated a coarse grained ore, amenable to recovery • Planning focussed on
Slide 9: Geology & Mineralisation
Geology & Mineralisation • The host rock or ‘killas’, consists of Devonian slates and shales, west of the Kit Hill granite intrusion • Redmoor area contains a number of mineral lodes and structures containing Sn, W, & Cu • Johnson’s Lode and Kelly Bray Lode were commercially mined in the past and of
Slide 10: Redmoor - 2015 Resource
Redmoor - 2015 Resource 2.3Mt High Grade Inferred Resource and 13.3Mt Total Inferred Resource 1 3D View Looking East Redmoor 2015 Inferred Mineral Resource Estimate 1, 2 Description Tonnage (Mt) Sn (%) WO3 (%) Cu (%) SnEq (%) Johnson's Lode 0.8 0.55 0.36 0.78 1.37 Great South Lode 1.5 0.50 0.33 0.32
Slide 11: Redmoor – Comparable Tin Projects
Redmoor – Comparable Tin Projects The Redmoor High Grade Resource is one of worlds highest grade new tin projects The 2017 drilling aims to upgrade the Redmoor High Grade Resource off-chart - Bisle= 4.7Mt @ 4.0% Sn 2.6 2.4 San Rafael 2.2 2.0 South Crofty Resource Grade (Tin Equivalent) 1.8 Renison B
Slide 12: CRL 2017 Drilling Program
CRL 2017 Drilling Program • A two-rig drilling program commenced in March 2017 • Drilling completed 30 October; 20 holes for 7,046m • Assay results now available for Phase 1 (first 15 holes) • Phase 2 results (remaining 5 holes) expected by year end • Objective of drilling has been to expand and upg
Slide 13: CRL 2017 Phase 1 Drilling Results - Significant Intercepts
CRL 2017 Phase 1 Drilling Results - Significant Intercepts The Highlight of the 2017 program has been a number of strong intercepts from high grade zones within the SVS and adjacent Kelly Bray lode including: CRD007: 14.8 m @ 1.00 % SnEq from 245.7 m including 2.5 m @ 3.39 % SnEq from 257.9 m CRD009
Slide 14: Long section through the SVS showing main intercepts
Long section through the SVS showing main intercepts
Slide 15: Schematic diagram of high grade zones within SVS
Schematic diagram of high grade zones within SVS
Slide 16: Next Steps
Next Steps • Phase 1 and 2 Drilling (20 diamond holes, 7,046m) completed 30/10/17 • Phase 2 Results (5 holes) Q4 2017 – focussed on SVS High-Grade Zones • Resource update Q1 2018 Activity Sept '17 Oct '17 Nov '17 Dec '17 Jan '18 Feb '18 Mar '18 Results Remaining Ph. 1 & Ph. 2 Resource Update
Slide 17: Tungsten Outlook
Tungsten Outlook Tungsten has rallied 45% since start of 2017 with current spot price at ~US$ 285 / mtu after reaching highs of ~US$335 / mtu in September 350 325 300 275 USD / MTU 250 +45% 225 2017 YTD 200 175 150 31-Dec-15 31-Mar-16 30-Jun-16 30-Sep-16 31-Dec-16 31-Mar-17 30-Jun-17 30-Sep-17 • Tun
Slide 18: NAE Corporate
NAE Corporate Experienced Management Team and Supportive Major Shareholder (RCF 34%) Alan Broome AM Chairman Gary Fietz Managing Director Mike Amundsen Director A metallurgist with over 40 years’ experience in A mining executive with over 30 years’ A corporate advisor with over 30 years’ global the
Slide 19: New Age Exploration Limited
New Age Exploration Limited ABN 64 004 749 508 Level 3, 480 Collins Street Melbourne, VIC 3000 Australia Phone: +61 3 8610 6494 Fax: +61 3 8610 6334 Email: info@nae.net.au Website: nae.net.au