Polarx Ltd · ASX:PXX
Polarx — Investor Presentation (May 2018)
15 slides from Polarx's investor presentation, May 10, 2018
Slide 1: Alaska Range Project: A new high-grade copper-gold district
For personal use only Alaska Range Project: A new high‐grade copper‐gold district Company Presentation, May 2018 1
Slide 2: 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
Slide 3: Alaska Range Project: High-Grades with Significant Upside
Alaska Range Project: High‐Grades with Significant Upside For personal use only • 35km of mineralised strike‐extent • Advanced projects, high‐grade copper and gold from surface • Two drill‐defined JORC resources: Caribou Dome and Zackly • Environmental baseline studies underway for both deposits • S
Slide 4: Capital Structure and Corporate
Capital Structure and Corporate For personal use only Shares (M) Options (M) Cash ($M) TOTALS 239 4.9 1.1 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 5: Advances made in the last six months
Advances made in the last six months For personal use only • Validated drilling database and delivered maiden JORC resource for Zackly Cu‐Au skarn deposit • Increased global JORC resources to 280 Mlb copper, 213,000 oz gold and 1.5 Moz silver • Confirmed potential to increase the size of the Zackly
Slide 6: In the well endowed Cretaceous Porphyry Cu-Au-Mo belt
In the well endowed Cretaceous Porphyry Cu‐Au‐Mo belt For personal use only • Multiple periods of island‐arc magmatism and post‐collisional intrusive activity = HIGHLY FERTILE METALLOGENY • In the same geological belt as Pebble (108Moz Au + 37Mt Cu) and other Cretaceous porphyry systems in Alaska an
Slide 7: Multiple un-drilled intrusions with Cu + Au + Ag anomalism
Multiple un‐drilled intrusions with Cu + Au + Ag anomalism For personal use only • ENE trending re‐activated, arc‐ parallel, terrane bounding thrusts which mark the local boundary between the Tintina Gold Belt and the Cretaceous Porphyry Copper Belt • Intersected by a major NW to WNW trending fault
Slide 8: Stellar Property: significant Cu-Au-Ag anomalism – BIG targets
Stellar Property: significant Cu‐Au‐Ag anomalism – BIG targets For personal use only ZACKLY + JUPITER (Porphyry, skarn) • Zackly open in all directions, Cu‐ Au‐Ag skarn with a porphyry source, possibly to the south‐east • 2km x 1km soil anomaly at Jupiter with up to 0.38% Cu, 0.78g/t Au, no drilling
Slide 9: Zackly – maiden JORC resource confirms skarn mineralisation
Zackly – maiden JORC resource confirms skarn mineralisation For personal use only Cut‐off Category Million Cu % Au g/t Ag g/t Contained Contained Cu Contained Contained Ag grade Tonnes Cu (t) (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 1
Slide 10: Zackly – additional drilling planned to extend known resource
Zackly – additional drilling planned to extend known resource For personal use only 300m Slide 10
Slide 11: 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 and Zackly SE target, both GEMINI evident in magnetic imagery • Forms a structural corridor containing multiple targets for porphyry Cu‐Au deposits (or
Slide 12: Mars – strong IP results and geochemistry, porphyry target
Mars – strong IP results and geochemistry, PORPHYRY TARGET For personal use only • Three lines and one tie‐line of IP data collected in late 2017 using pole‐dipole array at 100m electrode spacing • Strong chargeability anomaly approximately 150m below 2km long zone of highly anomalous soil and rock‐
Slide 13: Excellent access, pro-mining jurisdiction
Excellent access, pro‐mining jurisdiction For personal use only ALASKA RANGE PROJECT: • 350km north‐east of Anchorage • Excellent infrastructure, ~6 hours from Anchorage by road • Nearby lodges for accommodation & support • 100km from rail, power, highway between Anchorage and Fairbanks • Easy road/
Slide 14: Major exploration and drilling campaign imminent
Major exploration and drilling campaign imminent For personal use only • Preferred drilling and helicopter contractors currently being secured • Dedicated Project Manager appointed within Millrock Resources Inc. • Drill to commence in June Jan 18 Feb 18 Mar 18 Apr 18 May 18 Jun 18 Jul 18 Aug 18 Sep
Slide 15: 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 • Massive upside from new Cu‐Au targets and deeper porphyry sources in a well endowed mineral belt • Major dril