Polarx Ltd · ASX:PXX
Polarx — Non-Deal Roadshow (March 2018)
21 slides from Polarx's roadshow presentation, Mar 22, 2018
Slide 1: Investor Presentation
22 March 2018 For personal use only Investor Presentation PolarX Limited (ASX:PXX) attaches a copy of the presentation for its upcoming investor roadshows in London, New York and Toronto. For and on behalf of the Board. For further information, please contact the Company directly on +61 8 6465 5500
Slide 2: Alaska Range Project: A new high-grade copper-gold district
For personal use only Alaska Range Project: A new high‐grade copper‐gold district ASX:PXX Roadshow March 2018 www.polarx.com.au
Slide 3: Significant advances in the last six months
Significant advances in the last six months For personal use only • Significant JORC resources established within 35km of mineralised strike • Increased global JORC resources to 280 M lb copper and 213,000 oz gold • Extensive drilling campaign to start this quarter • Validated drilling database and
Slide 4: Major exploration and drilling campaign imminent
Major exploration and drilling campaign imminent For personal use only • Preferred drilling and helicopter contractors currently being secured • Quotes from geophysical contractors for aeromagnetic survey under review • Dedicated Project Manager appointed within Millrock Resources Inc. Jan 18 Feb 18
Slide 5: High-Grades with Significant Upside
High‐Grades with Significant Upside For personal use only • Alaska Range Project, 35km of mineralised strike • Advanced, high‐grade copper and gold from surface • Experienced management and technical team (MRG) • Experienced Alaskan team (Millrock Resources Inc.) • Environmental programs underway •
Slide 6: Excellent access, pro-mining jurisdiction
Excellent access, pro‐mining jurisdiction For personal use only ALASKA RANGE PROJECT: • 350km north‐east of Anchorage • Excellent infrastructure with road access ~6 hours from Anchorage • Nearby lodges for accom & support • 100km east of rail, power and highway between Anchorage and Fairbanks • Easy
Slide 7: Capital Structure and Corporate
Capital Structure and Corporate For personal use only Shares (M) Options (M) Cash ($M) TOTALS 239 4.9 1.3 SHAREHOLDERS: % Management/Directors/MRG Team 17.0 TIGHTLY HELD Millrock Resources Inc 10.7 JP Morgan (UK) 9.8 Top 20 70% Ruffer Gold Fund (UK) 8.1 Top 40 80% Lowell Resources Fund (Aus) 4.0 Jup
Slide 8: Located in a known porphyry Cu-Au-Mo belt
Located in a known porphyry Cu‐Au‐Mo belt For personal use only • Multiple periods of island‐arc and post‐collisional intrusive activity = FERTILE METALLOGENY • In same geological belt as Pebble (108Moz Au, 37Mt Cu) and other Cretaceous porphyry systems in Alaska and B.C. Slide 7
Slide 9: Favourable setting, multiple intrusions + untested Cu anomalies
Favourable setting, multiple intrusions + untested Cu anomalies For personal use only Slide 8
Slide 10: Stellar Property - significant Cu-Au anomalism - BIG targets
Stellar Property ‐ significant Cu‐Au anomalism – BIG targets Broad spaced (500m) soil sampling shows two highly For personal use only significant copper anomalies, both >250ppm, up to 11km x 6km in size ZACKLY – JUPITER (Porphyry, skarn) • Zackly is open in all directions, porphyry source • 2km x 1k
Slide 11: 2017 Zackly drilling results support historical drilling
2017 Zackly drilling results support historical drilling For personal use only Slide 10
Slide 12: Zackly - maiden JORC resource confirms mineralisation
Zackly – maiden JORC resource confirms mineralisation Cut‐off Category Million Cu % Au g/t Ag g/t Contained Contained Contained Contained Ag For personal use only grade Tonnes Cu (t) Cu (Mlb) Au (oz) (Moz) 0.5% Cu Inferred 3.4 1.2 2.0 14.0 41,200 90.9 213,000 1.5 0.8% Cu Inferred 2.4 1.5 2.3 16.3 34
Slide 13: Mars - Zackly structural corridor, multiple porphyry targets
Mars – Zackly structural corridor, multiple PORPHYRY TARGETS For personal use only • WNW structural trend at Zackly extends along strike to the Mars IP anomaly, evident in magnetic imagery • Forms a structural corridor containing multiple targets for porphyry Cu‐Au deposits (orthogonal to arc) 12
Slide 14: Mars - strong IP results and geochemistry, porphyry target
Mars – strong IP results and geochemistry, PORPHYRY TARGET • Three lines and one tie‐line of IP data collected using pole‐dipole array at 100m electrode spacing For personal use only • Strong chargeability anomaly directly below 2km long zone of highly anomalous soil and rock‐chip geochemistry • Hig
Slide 15: Caribou Dome - shallow, high-grade Cu deposit
Caribou Dome ‐ shallow, high‐grade Cu deposit For personal use only • 2.8Mt at 3.1% copper (0.5% lower‐cut) for 86,000t of contained Copper (JORC 2012) • 60% in the top 150m including 935,000t @ 4.4% • High grade, sediment‐hosted • Drill intersections over >800m strike‐length • Open in all direction
Slide 16: Caribou Dome - multiple IP and Cu anomalies, upside potential
Caribou Dome ‐ multiple IP and Cu anomalies, upside potential For personal use only • Known mineralisation shows a strong IP and geochemical response • Strong IP anomalies often coincide with a strong copper in soils, many un‐tested co‐incident anomalies require drilling • Transported cover masks th
Slide 17: Concluding Statements
Concluding Statements For personal use only • Big holding of high quality, high‐grade copper‐gold assets in mining friendly Alaska, USA • Advanced projects – early exploration risk removed • Numerous large new targets in a well endowed mineral belt • Massive upside from new Cu‐Au targets and deeper
Slide 18: Management team with track-record
Appendix 1 Management team with track‐record For personal use only MARK BOJANJAC A Chartered Accountant initially with over 25 years’ direct experience in developing resource companies. A founding director of Gilt-Edged Mining B.Com, ICAA Limited which discovered East Kundana, one of Australia’s hig
Slide 19: Appendix 2: Mitchell River Group Pty Ltd
Appendix 2: Mitchell River Group Pty Ltd For personal use only • MRG is a privately owned Australian venture capital and resource management and development group • Provides comprehensive technical, commercial and management services to multiple companies. • Current clients include ASX‐listed: • Afr
Slide 20: Appendix 3: Millrock Resources Inc.
Appendix 3: Millrock Resources Inc. For personal use only • 10.7% shareholder of PolarX • Provides on‐ground exploration logistics under PolarX management at cost +10% • Office in Anchorage, Alaska • 20+ years Alaskan exploration experience • TSX‐V listed • CEO is also an Alaskan Minerals Commission
Slide 21: Cautionary Statements
Cautionary Statements For personal use only This presentation has been prepared by PolarX Limited (“PolarX”) to assist in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in PolarX or as