Slide 1: FinnAust Mining
FINNAUST MINING
Slide 2: Disclaimer
DISCLAIMER This presentation (“Presentation”), and the information contained herein, is not for viewing, release, distribution or publication into or in the United States or any other jurisdiction where applicable laws prohibit its release, distribution or publication. This Presentation is being iss
Slide 3: Overview
OV E RV I E W An AIM and FSE listed exploration company with high grade multi - commodity assets in the Nordic region Recent transaction to purchase up to 100% of the Pituffik Titanium project in three staged payments (subject to milestones) A large and unusually pure titanium occurrence, identified
Slide 4: Key Data and Management
K E Y DATA A N D M A NAG E M E N T BOARD AND MANAGEMENT KEY DATA Graham Marshall General Manager commercial at Western Market AIM Non-Exec. Areas Limited, he has spent over 25 years in Chairman the mining and engineering sectors and has EPIC FAM held directorships and senior positions within a numbe
Slide 5: Portfolio Structure
PORTFOLIO STRUCTURE FINNAUST MINING PLC 60% Interest with option to Cornerstone move to 100% investment from ASX quoted Western BLUEJAY MINING Areas Limited with established LIMITED board support 100% INTEREST 100% INTEREST 80% INTEREST HAMMASLAHTI COPPER PROJECT MITTERBERG PITUFFIK TITANIUM KELKKA
Slide 6: Strategy
S T R AT E G Y In tandem with bulk sampling at Pituffik, FinnAust is focused on acquiring additional high quality assets Production of a bulk sample “proof of concept” from the Pituffik Project with the aim of ultimately generating cash flow to create a company capable of self-funding exploration on
Slide 7: Greenland: A Strategic Destination
G R E E N L A N D : A S T R AT E G I C D E S T I NAT I O N • Pituffik is located to the south-west of Qaanaaq in Greenland, a prospective and underexplored emerging mining destination • Sits approximately 30km from the international airport and deep-water port of Thule Air base • Government focussed
Slide 8: Titanium in Greenland
T I TA N I U M I N G R E E N L A N D • The Thule black sand province in North West Greenland is composed of several coastlines over several hundred kilometres containing both ilmenite and ilmenite/magnetite-rich regions • Large areas of elevated ilmenite concentrations with recorded grades of up to
Slide 9: Defined Targets
D E F I N E D TA R G E T S Pituffik comprises three main target areas along an >80km coastline historically proven to contain large & high-grade accumulations of primary Ilmenite occurring as placer deposits in the following environments: • Raised beaches; containing ilmenite accumulations over widt
Slide 10: Pituffik Project
P I T U F F I K P RO J E C T • Originally discovered by the Geological Survey of Greenland and Denmark (‘GEUS’) in 1915. • Exploitation only recently possible due to the dramatic climatic changes being experienced in this part of the world • Sampling in the high grade “Moriusaq bay” returned opaque
Slide 11: Drowned Beaches
D ROW N E D B E AC H E S A 2015 bathymetr y (depth) & seismic profiling sur vey and extensive sea floor sampling programme demonstrates that the shallow marine environment at Pituffik contains ver y significant amounts of ilmenite rich sediments representing a new discovery which increases the resou
Slide 12: Proposed Development Strategy
P RO P O S E D D E V E L O P M E N T S T R AT E G Y Proof of concept dovetailing into ramp up, followed by full scale production, with potential for expansion • It is expected that a bulk sample could be dredged from the Moriusaq bay to to create a natural safe harbour for small work boats • It is i
Slide 13: Moriusaq Conceptual Development Plan
M O R I U S AQ C O N C E P T UA L D E V E L O P M E N T P L A N PHASE 1 Initial Bulk sample is sourced through the development of Moriusaq bay harbour Small scale dredge and support vessels will extract bulk sample PHASE 2 Ramp up scenario where both on and offshore deposits feed the Moriusaq bay de
Slide 14: Strategic Team
S T R AT E G I C T E A M Exploration specialists delivering tailored field and consultancy The Geological Survey of Greenland and Denmark is a research services for exploration projects and advisory institution in the Danish Ministry of Energy, Utilities To review and standardise exploration activit
Slide 15: Additional Upside
A D D I T I O NA L U P S I D E FinnAust continues to look at ways to create value from its prospective por tfolio FINLAND AUSTRIA • 3 high-grade, multi-element base metal • Seeking ways to monetise an 80% interest in the Mitterberg Copper Project in Austria. deposits in southern Finland: • Hammaslah
Slide 16: Investment Case
I N V E S T M E N T CA S E Prospective Assets Strategic Location Cornerstone Support Defined Development •Very large and unusually •Excellent environment for •Australia’s highest grade •Continued stream of pure titanium occurrence mining companies with nickel producer, Western results from 2015 demo
Slide 17: Contact Us
C O N TAC T U S FinnAust Mining plc www.finnaust.com Graham Marshall Non-Exec Chairman Tel: +44 (0) 20 7907 9326 gmarshall@finnaust.com Rod McIllree Managing Director Tel: +44 (0) 20 7907 9326 rmcillree@finnaust.com Greg Kuenzel Non - Executive Director Tel: +44 (0) 20 7907 9326 gkuenzel@finnaust.co