Yari Minerals Limited · ASX:YAR
Yari Minerals — Investor Presentation (January 2019)
22 slides from Yari Minerals's investor presentation, Jan 17, 2019
Slide 1: Achieving Commercial Production of Zinc
ACHIEVING COMMERCIAL PRODUCTION OF ZINC INVESTOR PRESENTATION January 2019
Slide 2: Important Information
Important Information DISCLAIMER The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe s
Slide 3: Ramping up high grade, low cost production
Ramping up high grade, low cost production CZL is a Growth Stock operating one of the world’s highest grade, low cost zinc mines in Chihuahua, Mexico. Located in a rich but historically underexplored zinc region 90% ownership in Plomosas achieved December 2018 Commenced mining in September 2018 with
Slide 4: Investor Highlights
Investor Highlights CZL owns 90% Plomosas Zinc Mine December 2018 Capital Structure • High grade zinc ore Share price A$0.018 • High quality concentrates – strong demand Market Capitalisation A$20.9M Shares on Issue 1,165,339,694 • Low cost production Options on Issue 101,033,882 Exploration potenti
Slide 5: Directors and Management
Directors and Management Led by a team of highly successful, experienced mining professionals CHIEF FINANCIAL CHAIRMAN CHIEF EXECUTIVE EXECUTIVE NON EXECUTIVE EXPLORATION OFFICER / COMPANY OFFICER DIRECTOR DIRECTOR SECRETARY MANAGER Mr Stephen Copulos Mr Brad Marwood Mr Andrew Richards Ms Angela Pan
Slide 6: Corporate Structure
Corporate Structure Consolidated Zinc Ltd Retec Guaru 90% 10% (fully contributing after delivery of a BFS or dilute) Minera Latin America Zinc (MLAZ) 100% owner of Plomosas project consolidatedzinc.com.au | 6
Slide 7: Plomosas mine - overview
Plomosas mine - overview consolidatedzinc.com.au | 7
Slide 8: Plomosas Mine – History to date
Plomosas Mine – History to date • +2M tonnes grading 22% Zn+Pb mined by ASARCO between 1945 and 1974. • Historically high quality concentrates - demand for blending. • Extensive system of underground access drives and shafts - immediate access for exploration and production. • First systematic explo
Slide 9: Stage One Production – Commenced Sept 2018
Stage One Production – Commenced Sept 2018 Stage 1 Initial production – ramping up in 2019 • Mining started at Tres Amigos, Level 5 • Schedule: 445,518t at 14.3% Zn, 2.61% Pb, 17 g/t Ag • Room & Pillar mining via decline haulage until shaft refurbished by forecast H2 2019. • Aim to produce 3,000tpm
Slide 10: Stage One Production – Sept 18 to Jan19
Stage One Production – Sept 18 to Jan19 Plomosas Production Tonnes per week 2000 1800 1600 1400 1200 1000 800 600 400 200 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Christmas/ Blasted rock Ore to GMSE New Year consolidatedzinc.com.au | 10
Slide 11: Stage Two Shaft refit & Production expansion
Stage Two Shaft refit & Production expansion 12000 Shaft refit – commissioning 3Q19 Shaft hauling 500tpd 10000 8000 6000 4000 2000 0 Mar-19 Apr-19 May-19 Jun-19 Planned 7,000 tpm production & 240m per month development 10,000 tpm production & ongoing development consolidatedzinc.com.au | 11
Slide 12: Plomosas Mine Layout
Plomosas Mine Layout Extensive underground access to 290 metres below surface (mbs). In good condition for mining and exploration drilling. Initial haulage via decline, shaft to be refurbished by H2 2019 Stoping progressing on Tres Amigos ore from level 5 3 stopes Decline bypass completed Decline ex
Slide 13: Mine Life - Immediate Exploration Upside
Mine Life - Immediate Exploration Upside 7km unexplored mine sequence within current leases consolidatedzinc.com.au | 13
Slide 14: Resource Expansion
Resource Expansion Resource update due H2 2019 Additional Resources to be found: • In multiple geological layers • Down dip of current resources • Along strike Limited only by extent of drilling Only 600m of 4,000m strike of immediate mine area has been part drilled – mapping and drilling to continu
Slide 15: Resource Focus - Longer View Mine Life
Resource Focus - Longer View Mine Life Highly prospective Targets defined within immediate mine area • Prospective sequence is 4,000m along strike and 900m down dip. Only partially drilled within 600m strike and ~400m down dip. • Underground access is available for drilling along the 4km of strike,
Slide 16: Appendices
Appendices Resources Geology and mineralisation Tenement holdings Exploration upside & Targets consolidatedzinc.com.au | 16
Slide 17: JORC (2012) Mineral Resource
JORC (2012) Mineral Resource April 2018 Mineral Resource Estimate (3% Zn Cut-off) Prospect Indicated Mineral Resource Tonnes %Zn %Pb g/t Ag Zn tonnes Pb tonnes Ag oz Level 7 107,000 18.5 8.6 55.1 19,900 9,300 190,300 Tres Amigos 97,000 12.5 1.8 15.9 12,000 1,800 49,400 Tres Amigos North 38,000 8.4 4
Slide 18: Plomosas Geology & Mineralisation
Plomosas Geology & Mineralisation Zinc and lead sulphide mineralisation is contained within carbonate rich units such as limestones and marbles within a large basinal sedimentary sequence. The mineralisation preferentially replaces the carbonate so any of the multiple stacked limestone sequences are
Slide 19: Concessions – Plomosas Mine area
Concessions – Plomosas Mine area 12 concessions, 3195 ha Plomosas Mine consolidatedzinc.com.au | 19
Slide 20: Mine sequence mineralised targets
Mine sequence mineralised targets Mine sequence within tenements showing prospective stratigraphy, structures and aeromag anomaly targets. Tenement applications submitted. Awaiting Govt decision Stratigraphy of mine mineralised sequence (blue shows identified carbonate units) consolidatedzinc.com.au
Slide 21: Under-explored Mine Area
Under-explored Mine Area First 5 priority target areas identified within mine area: 1. Juarez: Existing mineralisation in drives – Not Drilled 2. Mina Vieja: Probable extension of Tres Amigos 3. Tres Amigos North: Grades up to 33.2% Zn+Pb 4. Las Espadas West: Untested and grades up to 50.2% Zn+Pb 5.
Slide 22: Regional Exploration – Mine Sequence
Regional Exploration – Mine Sequence Outcropping prospects identified by CZL Alfonsitos Prospect – First of several • 2.5km along trend from Plomosas • First pass rock chip sampling found grades up to 24.34% Zn+Pb • Same geological setting as Plomosas Additional drill targets to be identified 2019 C