Polarx Ltd · ASX:PXX
Polarx — Investor Presentation (July 2020)
21 slides from Polarx's investor presentation, Jul 2, 2020
Slide 1: ASX Announcement: Investor Presentation
ASX Announcement 2 July 2020 For personal use only INVESTOR PRESENTATION PolarX Limited (ASX: PXX) is pleased to attach a copy of its latest investor update presentation, which is also available on the Company’s website (www.polarx.com.au). Authorised for release by Frazer Tabeart, Managing Director
Slide 2: Alaska Range Project - New drilling program at Zackly Skarn
For personal use only Alaska Range Project - USA New drilling program at the high-grade Au-Cu Zackly Skarn Investor Update 2 July 2020 ASX: PXX www.polarx.com.au 1
Slide 3: Executive Summary: Near-term news flow from imminent drilling
For personal use only Executive Summary: Near-term news flow from imminent drilling PolarX owns and explores high-grade copper-gold projects in Alaska Recent Private Placement to deliver on 3 near term goals: A 3,000m core drilling program to extend the high grade Zackly East skarn (following
Slide 4: Alaska is low risk: Under-explored geology in a Tier 1 jurisdiction
For personal use only Alaska is low risk: Under-explored TIER 1 geology in a TIER 1 jurisdiction Pro-mining state and a Global Top 10 investment destination per 2020 Fraser Institute Rankings Over 40Moz Au mined to date In the world’s most productive copper belt Considerably under-explored v
Slide 5: Supported by major international resource investors
For personal use only Supported by Major international resource investors Shares (M) Options (M) Cash (30 June ‘20) TOTALS 515.2 29.4 A$4.2M SHAREHOLDERS: % Ruffer Gold Fund (UK) 14.7 TIGHTLY HELD Management/Directors/MRG Team 10.8 Lundin Mining Corporation (Can) 10.4 Top 20 69% U.S. Global (US) 9.4
Slide 6: Alaska Range Project has scale, huge upside and multiple opportunities
For personal use only Alaska Range Project has scale, huge upside and multiple opportunities Large holding of State Mining Claims covering ~261km2 Very strong geochemical footprint for copper over huge areas High-grade mineralisation at Caribou Dome and Zackly deposits Both deposits open at
Slide 7: Clear strategy to evaluate the 12km Mars-Zackly-Saturn corridor
For personal use only Clear strategy to evaluate the high priority 12km Mars-Zackly-Saturn corridor Three goals: 1. Expand the 100% owned high-grade Zackly Cu-Au resource through further drilling: LOW RISK 2. Delineate the Mars porphyry Cu discovery through further drilling: MODERATE RISK 3. More
Slide 8: Goal 1: Near-term upside from the Zackly East Au-Cu-Ag skarn deposit
For personal use only GOAL 1: Near-term upside from the Zackly East Au-Cu-Ag skarn deposit 7
Slide 9: Zackly Skarn system extends over ~3km strike length
For personal use only Zackly Skarn system extends over ~3km strike length WEST EAST View looking towards the north Zackly Main Skarn 3.4Mt @ 2.0g/t Au + 1.2% Cu Sub-vertical, 1,000m strike-length Average ~5m true width No drilling Zackly East Skarn Sub-horizontal Average ~50m true thickness At or ne
Slide 10: Huge upside at Zackly East: highest grades 850m east of current resource
For personal use only Huge upside at Zackly East: highest grades 850m east of current resource The Zackly Main Skarn is 4-5m thick and sub-vertical The high-grade Zackly East Skarn is 40-50m thick in existing JORC Inferred 3.4Mt @ 2.0g/t Au + 1.2% Cu over 1,050m strike drilling and may extend along
Slide 11: 3,000m drilling program at Zackly East scheduled to commence in July
For personal use only 3,000m drilling program at Zackly East scheduled to commence in July 3,000m new drilling to test Zackly East Click here to view a video showing the Zackly East target in 3D 10
Slide 12: Goal 2: Follow-up the porphyry Cu-Au-Mo discovery at Mars
For personal use only GOAL 2: Follow-up the porphyry Cu-Au-Mo discovery at Mars 11
Slide 13: Mars discovery: co-incident magnetic, IP and Cu-Au-As-Mo anomalism
For personal use only Mars discovery: co-incident magnetic, IP and Cu-Au-As-Mo anomalism Spatially co-incident magnetic anomaly (potential oxidised-intrusion), IP anomaly, and Cu-Au-Mo-As in soil anomaly. Supported by up to 7% Cu and 7g/t Au in rock-chip samples 12
Slide 14: Multiple Cu and Cu-Mo veining events at Mars
For personal use only Multiple Cu and Cu-Mo veining events at Mars = porphyry copper discovery Noticeable increase in mineralisation intensity below 300m depth, with copper more prevalent than iron 13
Slide 15: Mars discovery: highly encouraging grades, hole ended in mineralisation
For personal use only Mars discovery: highly encouraging grades, hole ended in mineralisation From (m) To (m) Interval (m) Cu % Au ppm Mo ppm 3-D drill hole visualisation of copper, gypsum 308.02 410.09 102.07 0.22% 0.07 20 incl 322.02 329.02 7.00 0.32% 0.10 6 and 347.86 384.09 36.23 0.26% 0.08 43 i
Slide 16: Goal 3: More drilling to test the Saturn porphyry Cu-Au target
For personal use only GOAL 3: More drilling to test the Saturn porphyry Cu-Au target 15
Slide 17: Saturn porphyry Cu-Au target; 3D modelling highlights scale + geometry
For personal use only Saturn porphyry Cu-Au target; 3D modelling highlights scale + geometry Zackly Interpreted to be a cluster of magnetic, oxidized intrusions surrounded by intense alteration/magnetite destruction deposit Nearby skarn mineralization (Zackly) as proof of magmatic-hydrothermal S
Slide 18: Gravity survey confirms porphyry target
For personal use only Gravity survey confirms porphyry target (density low and magnetic high) Most intense clay alteration in 19SAT001, 19SAT002 provides vector towards target Gravity low may represent Co-incident magnetic high and intrusive body = porphyry target gravity low = High-priority target
Slide 19: Concluding Statements
For personal use only Concluding Statements Big holding of high quality, advanced projects in a TIER 1 jurisdiction – early exploration risk removed Potential for both rapid near-term resource expansion and world-class discoveries Near-term upside from the 100% owned high-grade Zackly Cu-Au de
Slide 20: Experienced management team with track-record
For personal use only Experienced management team with track-record A Chartered Accountant with over 25 years’ direct experience in developing resource companies. A founding director of Gilt-Edged Mining MARK BOJANJAC Limited which discovered East Kundana, one of Australia’s highest grade gold mines
Slide 21: Cautionary Statements
For personal use only Cautionary Statements 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