Codrus Minerals Ltd. · ASX:CDR
Codrus Minerals — Investor Presentation (May 2023)
23 slides from Codrus Minerals's investor presentation, May 2023
Slide 1: High Impact Critical Minerals Exploration | Tier-1 jurisdictions
Exciting REE exposure Tight Capital Structure Highly leveraged to exploration success High Impact Critical Minerals ASX l CDR May 2023 Exploration | Tier-1 jurisdictions www.codrusminerals.com.au
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer This presentation has been prepared by Codrus Minerals Ltd (Codrus or the Company) and contains information about Codrus current at the date of this presentation. The presentation is in summary form, has not been independently verified and does not purport to be
Slide 3: Investment Highlights
Investment Highlights RGB Exciting new growth and Central to many clean energy applications diversification project in the critical including EV’s and wind turbines minerals space Aggressive exploration work Highly leveraged to exploration success program planned for 2023/24 Exposure to strategic co
Slide 4: Corporate Snapshot
Corporate Company ASX Code CDR Snapshot Shares on Issue 75.4m Listed Options | CDRO at $0.125 39.0m Options / Performance Rights (1,2,3,) 24.1m Share Price (4) $0.145 Shannan Bamforth, Managing Director Geologist +20 years’ experience Market Capitalisation (A$) $10.9m Operational capacity in exp
Slide 5: Market Analysis | REE Use
Market Analysis | REE Use Global demand for rare earth elements has High value magnet REE’s increased drastically over the past two decades 65 59 Rare Earths are an essential part of Tb Pr Terbium Praseodymium today’s lifestyle and 66 60 modern economy Dy Nd Dysprosium Neodymium Wind turbines Electr
Slide 6: REE | Hot Topics
REE | Hot Topics ASX: CDR www.codrusminerals.com.au 6
Slide 7: Exploration Portfolio Australia
Exploration Portfolio Australia Karloning REE Project ~30km north of regional town Mukinbudin, 260km northeast of Perth in Western Australia’s Wheatbelt Exciting new growth and diversification project to explore for the high-value REE’s Red Gate Gold Project ~140km north of Kalgoorlie, granted
Slide 8: Karloning REE: A Fresh Opportunity
Karloning REE A Fresh Opportunity Located near Mukinbudin in the WA wheatbelt NYF Pegmatite Mineralisation - Heavy REE (Nd/Pr) the critical minerals pathway AND Clay REE mineralisation – lower cost, near surface, simpler extraction Good infrastructure Sealed highways Power Water Larg
Slide 9: Karloning REE Project: Clay Hosted REE's
Karloning REE Project Clay Hosted REE’s Three key exploration datasets collected during maiden exploration program in Q1 2023 - soil sampling; drone magnetics and ground radiometric surveys Data collected guided planning of the maiden 1,906 Reverse Circulation (RC) drill program, completed April
Slide 10: Karloning REE Project: Pegmatite hosted REE's
Karloning REE Project Niobium - Yttrium - Flourine Pegmatite hosted REE’s Geometry of the Karloning Pegmatite remains poorly constrained and not assayed for REE High Dy / Tb grades, and Niobium Grab samples returning high-grade assays including: • 28,463ppm (2.85%) Dysprosium Oxide - Dy2O3 • 6
Slide 11: Bull Run Project (Gold)
Bull Run Project (Gold) Work Program Located in Baker City, Oregon, USA Claims over historic small scale mines No methodical modern exploration Significant historical Intercepts DDH34-82-1: 20.2m @ 3.53g/t Au fr 7.9m DDH34-82-3: 44.4m @ 0.73g/t Au fr 10.7m o incl. 22.9m @ 1.2g/t Au fr 22.9m
Slide 12: Bull Run Project Work Program
Bull Run Project Work Program Technical Program Commenced 12 additional new mineral claims pegged Soil Sampling identifies new Koski zones UAV aerial photography of land package to commence Detailed surveying of the historic workings Low Noise deep 3D DCIP survey over initial core target a
Slide 13: Red Gate Gold Project: Edjudina Mining Centre
Red Gate Gold Project Edjudina Mining Centre Highly-prized Edjudina Gold centre 2,980m RC maiden drilling program returns: • 23m @ 3.82 g/t Au fr 14m incl o 5m @ 14.29g/t Au fr 27m • 24m @ 1.04 g/t fr 42m Mineralisation confirmed over 800m of strike with multiple zones of mineralisation open b
Slide 14: Excellent intercepts at Porphyry West
Red Gate Gold Project Excellent intercepts at Porphyry West Significant high-grade intercepts hosted at the lower granite contact in RGRC002 and RGRC003 Initial RC program focused on follow-up drilling of best historical intersections and testing new Prospects Follow-up RC program of 2,350m ex
Slide 15: Middle Creek Gold Project
Middle Creek Gold Project The heart of the Nullagine Located in the rejuvenated Nullagine district Review of soil geochemical data identified several linear clusters of gold-in-soil anomalism, as defined by the >50ppb (0.05ppm or g/t Au) gold-in-soil contour line (e.g., at the Major 1, Major 2,
Slide 16: Middle Creek Gold Project Targets
Middle Creek Gold Project Targets Trenching results confirmed the presence of significant widths of gold mineralisation Results from the trenches included: Rangi MCTR001 | 4m @ 0.27 g/t Au fr 28m (along trench) MCTR001 | 4m @ 0.44g/t Au fr 72m (along trench) MCTR003 | 8m @ 0.93g/t Au fr 20m (a
Slide 17: Silver Swan South: Tier-1 gold and nickel address
Silver Swan South Project Tier-1 gold and nickel address Along strike from Kanowna Belle gold mine (>5Moz) Fitzroy Fault | dominant control on mineralisation at Kanowna Belle Along trend of the Silver Swan nickel mine ultramafic suite Detailed Structural Review Identified Key primary and secon
Slide 18: Committed to core principles of delivering value through sustainable development
At Codrus the foundations of ESG are important to us, we proactively Committed to core uphold key responsibilities principles of delivering We are committed to being considered and transparent in everything value through we do sustainable development We aim to build a framework roadmap to achieve e
Slide 19: Work Program
Work Program Critical Minerals Work Program Q1 2023 Q2 2023 Q3 2023 Q4 2023 Karloning Soils, Magnetic, Radiometrics Maiden Drilling Phase 2 Drilling Evaluation of new projects Gold Work Program Q1 2023 Q2 2023 Q3 2023 Q4 2023 Bull Run Drilling Red Gate Drilling ASX: ASX:CDR CDR www.codrusminerals.co
Slide 20: Key Investor Takeaways
Key Investor Takeaways RGB Exciting new growth and Central to many clean energy applications diversification project in the critical including EV’s and wind turbines minerals space Aggressive exploration work Highly leveraged to exploration success program planned for 2023/24 Exposure to strategic c
Slide 21: ASX | CDR
ASX | CDR Suite 3, Level 3, 24 Outram Street, West Perth, WA, 6005 +61 8 6424 9017 +61 8 6500 9982 www.codrusminerals.com.au
Slide 22: Competent Person's Statement
Competent Person’s Statement Competent Persons Statement The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Mr. Shannan Bamforth who is a Member of the Australasian Institute of Mining and Metallurgy. Mr. Bamforth is a perma
Slide 23: Strategic Metal Pricing
Strategic Metal Pricing ASX: CDR www.codrusminerals.com.au 24