Golden Deeps Limited · ASX:GED
Golden Deeps — Investor Presentation (May 2018)
23 slides from Golden Deeps's investor presentation, May 21, 2018
Slide 1: Abenab-Christiana Vanadium-Zinc-Lead Project, Namibia
For personal use only GOLDEN DEEPS LTD Abenab-Christiana Vanadium-Zinc-Lead Project, Namibia Highest historical vanadium concentrate grades in the world Corporate Presentation May 2018
Slide 2: Abenab-Christiana Vanadium Project
Abenab-Christiana Vanadium Project • Vanadium For personal use only Emerging battery metal opportunity 500% price increase in past 2 ½ years • Golden Deeps holds the Abenab-Christiana historical mines in Namibia High grade vanadium-lead-zinc mineralisation Unusual descloizite-vanadinite mine
Slide 3: Vanadium Price
For personal use only Vanadium Price Vanadium Pentoxide flake 98% min China Price USD/lb (Source: www.vanadiumprice.com) Abenab V-Pb-Zn Project, May 2018 3
Slide 4: Company Introduction
Company Introduction • Golden Deeps (ASX:GED) is an ASX-listed diversified mineral exploration For personal use only company • Projects established in some of the world’s significant metallogenic provinces • GED acquiring projects in the Cobalt Mining Camp, Ontario, Canada The Cobalt Camp was histor
Slide 5: Directors and Management
Directors and Management DIRECTORS For personal use only MICHAEL NORBURN Graduated from the University of Birmingham with an honours degree in engineering and has worked for over twenty six Non-Executive Director years in the resource industry in Australia, the Middle East and Africa. MICHAEL SCIVOL
Slide 6: Namibia
Namibia • An independent, stable, democratic republic in For personal use only south-west Africa • A long mining history, which today is a cornerstone of the economy contributing over 10% of GDP • Excellent infrastructure • Golden Deeps has successfully operated in Namibia since 2006 • Focus of work
Slide 7: About the GBMP
About the GBMP • Located in the Otavi For personal use only Mountain Land in northern Namibia • Exclusive Prospecting Licences: 4 granted 1 renewal application 3 new applications • Key prospects: Christiana and Abenab Vanadium-Lead-Zinc Mines Khusib Springs Copper Mine Extensions Deblin
Slide 8: Abenab-Nosib Cu-Pb-Zn-V Trend
For personal use only Abenab-Nosib Cu-Pb-Zn-V Trend EPL5496 EPL3543 Abenab-Nosib mineralised trend showing main historical mines and prospects Abenab V-Pb-Zn Project, May 2018 8
Slide 9: Abenab-Nosib Cu-Pb-Zn-V Trend
Abenab-Nosib Cu-Pb-Zn-V Trend • A 40 km long lithological and structural contact between Maieberg Formation limestones, Auros For personal use only Formation shales and Gruis Formation dolomites. • Contains a series of strong base metals and vanadium soil anomalies and several historic mines, includ
Slide 10: Abenab-Christiana Mines
For personal use only Abenab-Christiana Mines Abenab Mine Christiana Mine Aerial photograph of the Abenab-Christiana mine area, note that Golden Deeps holds EPL’s over the whole area Abenab V-Pb-Zn Project, May 2018 10
Slide 11: Abenab Mine
Abenab Mine • Was considered to be the “worlds richest” vanadium mine For personal use only 1.8 Mt @ 1.05% V2O5 Produced 102,000 t of concentrate @ 18% V2O5, 13% Zn & 42% Pb • All processing historically by simple, low cost gravity circuit 1950’s technology • Historical exploration results ind
Slide 12: Avonlea Minerals 2011-12
Avonlea Minerals 2011-12 • Explored by Avonlea Minerals Ltd (now AVZ For personal use only Minerals Ltd) in 2011-12* Underground grab samples up to 6.2% V2O5 • Drilling tested extension of known mineralised zone at depth • New, near-surface zone of vanadium mineralisation discovered Broad zones
Slide 13: Avonlea Minerals 2011-12
Avonlea Minerals 2011-12 • AVZ Inferred resource estimate For personal use only (August 2012)* 0.86 Mt @ 1.25% V2O5, 1.3% Zn & 2.96% Pb • New zone of mineralisation In hangingwall of Abenab Mine Near surface • Opportunity to infill and extend resource with further drilling Abenab historical mi
Slide 14: Surface Stockpiles
Surface Stockpiles • Mineralisation already stockpiled on For personal use only surface, exploration target* of: 100,000 to 130,000 tonnes Grade 0.8% to 1.5% V2O5 • Historical tailings, exploration target* of: 80,000 to 100,000 tonnes Grade 0.25-0.35% V2O5, 1.3-2.0% Pb and 1.5-2.5% Zn Surfac
Slide 15: Unusual Ore Mineralogy
Unusual Ore Mineralogy • Descloizite For personal use only Lead-zinc vanadate Pb,Zn(VO4)(OH) SG 6.2, dense mineral due to metal content • Vanadinite Lead-vanadium chlorite Pb5(VO4)3Cl SG 6.9, dense mineral due to metal content • Density contrast between mineralisation and host rocks is very
Slide 16: Abenab Exploration & Development
Abenab Exploration & Development • EPL 3543 granted to GED early 2018 For personal use only GED now control whole of mineralised area Company is obtaining statutory permits required for further exploration • Data compilation in progress • Further infill and extension drilling evaluation clearly
Slide 17: Christiana Mine
Christiana Mine • Adjacent to Abenab and part of same mineralisation For personal use only system • Historic production 90,000 t of concentrates grading 72% Pb, 13% V2O5 from 540,000 t of ore (South West Africa Co internal reports) • GED’s exploration has included surveying, channel sampling and geo
Slide 18: Christiana Mine
For personal use only Christiana Mine “Waste” rock at Christiana, mineralisation grade and tonnes to be quantified Christiana open pit, looking along mineralised trend Abenab V-Pb-Zn Project, May 2018 18
Slide 19: Christiana Mine Sampling
Christiana Mine Sampling 44m @ 20.39% Zn, 1.72% Pb & 0.53% V2O5 For personal use only Incl. 25m @ 31.06% Zn, 2.34% Pb & 0.76% V2O5 15m @ 6.74% Zn, 0.60% Pb & 0.19% V2O5 Incl. 4m @ 18.36% Zn, 0.44% Pb & 0.03% V2O5 12m @ 3.08% Zn, 2.28% Pb & 0.85% V2O5 Incl. 1m @ 8.65% Zn, 19.70% Pb & 7.02% V2O5 29m @
Slide 20: Proposed Drilling
For personal use only Proposed Drilling Schematic cross section of Christiana deposit with planned drill holes Abenab V-Pb-Zn Project, May 2018 20
Slide 21: Disclaimer & Declarations
Disclaimer & Declarations Overview For personal use only This presentation has been prepared by Golden Deeps Ltd (“GED”) as a summary of the company’s exploration and development activities, with particular reference to the Ontario Cobalt-Silver Project and the Grootfontein Base Metal Project in Nam
Slide 22: Historical Exploration Results
Historical Exploration Results For personal use only Exploration Results for drilling, metallurgical testwork and other exploration at the Abenab Mine stated in this presentation have previously been reported by Avonlea Minerals Limited (Avonlea, now AVZ Minerals Ltd). The relevant public announceme
Slide 23: Resource Estimate
Resource Estimate For personal use only The resource estimate stated in this presentation was prepared by Avonlea Minerals Limited (Avonlea, now AVZ Minerals Limited) and not by Golden Deeps. The resource estimate was first reported by Avonlea in an announcement to the ASX dated 31 October 2005, in