Empire Resources Limited · ASX:ERL
Empire Resources — Shareholder Meeting (November 2023)
23 slides from Empire Resources's shareholder meeting presentation, Nov 30, 2023
Slide 1: Identify Opportunity, Extract Value – AGM Presentation
For personal use only Identify Opportunity, Extract Value AGM Presentation 30 November 2023 EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au
Slide 2: Disclaimer
Disclaimer This presentation is for information purposes only. For personal use only This presentation has been prepared by Empire Resources Limited (“Empire” or the “Company”) and contains general background information about Empire’s activities as at the date of this presentation (“Information”).
Slide 3: Highlights
Highlights Consistent exploration focus For personal use only 3,847m of diamond & RC drilling completed at Yuinmery since 2022, plus multiple DHEM geophysical surveys 8,668m of aircore drilling completed at Penny’s Gold Project since August 2022 Extensive exploration fieldwork completed at Nanadie C
Slide 4: Investor Dashboard
Investor Dashboard Capital Structure (at COB 29 November 2023, unaudited) Board & Management For personal use only Share Price $ 0.004 Michael Ruane Non-Executive Chairman FPO Shares Outstanding m 1,112.93 Sean Richardson Managing Director Unlisted Options* m 64.91 Jeremy Atkinson Non-Executive Dire
Slide 5: Investments – Penny's Find Gold Mine Royalty
Investments – Penny’s Find Gold Mine Royalty 5% Net Smelter Royalty for first 50,000oz, 2.5% thereafter [1] For personal use only Plus $400,000 in remaining staged milestone payments High grade gold mine 45km northeast of Kalgoorlie Open pit production – 138,272t @ 4.47g/t Au for 18,356oz Au [2] Und
Slide 6: Empire Projects
Empire Projects 432km2 of granted tenements For personal use only 396km2 in tenement applications Penny’s Gold Project (Au) 45km NE of Kalgoorlie Yuinmery (Au, Cu-Au, Cu-Ni-Co & PGM’s) 370km NE of Perth 7km from Youanmi Mine Site Nanadie (Cu-Au) 70km east of Meekatharra Barloweerie (Zn-Pb-Ag-Au) 150
Slide 7: Penny's Gold Project
Penny’s Gold Project 22km2 granted tenements For personal use only 45km from Kalgoorlie Proximal to Penny’s Find Gold Mine (ASX:HRZ) 270,000 tonnes @ 4.99g/t Au for 43,000oz [3] Multiple targets, limited drill testing Targeting structurally controlled and supergene gold Multiple drill ready targets,
Slide 8: Penny's Gold Project
Penny’s Gold Project 8,668m AC drilling since August 2022 [5] [6] For personal use only Over 50% holes anomalous gold or better PF07 AC Results 8m @ 2.89g/t Au, inc. 4m @ 5.33g/t Au 12m @ 0.76g/t Au, inc. 4m @ 1.22g/t Au PF09 AC Results 7m @ 1.66g/t Au, inc. 2m @ 2.42g/t Au 20m @ 0.62g/t Au, inc. 4m
Slide 9: Penny's Gold Project – PF09 6,626,600mN
Penny’s Gold Project – PF09 6,626,600mN For personal use only EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au 9
Slide 10: Penny's Gold Project – PF09 6,626,700mN
Penny’s Gold Project – PF09 6,626,700mN For personal use only EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au 10
Slide 11: Yuinmery Project
Yuinmery Project Polymetallic base metals and orogenic gold For personal use only 76km2 granted tenements Very large synclinal structure Multiple deposits, prospects and targets 2 deposits – 1 JORC Resource 26 prospects – 6 untested below 75m 18 defined targets – 9 untested by drilling +100,000m (>2
Slide 12: Yuinmery – YT01
Yuinmery – YT01 Target identified late 2019 For personal use only Geochemical signature over 3.5km Coincident geophysical anomaly Strong Copper-Gold mineralisation [7] Diamond drilling completed Visible pyrite & chalcopyrite [8] 2023 RC drilling confirms strike extents EMPIRE RESOURCES LIMITED ASX:
Slide 13: Yuinmery – A Zone
Yuinmery – A Zone 1.3km along strike from Just Desserts For personal use only Previous intersections include [9] 12m @ 2.05% Cu fr. 138m (YRC18-01) 19m @ 1.9% Cu fr. 160m (YRC11-16) 7m @ 3.2% Cu fr. 192m (YRC11-26) Limited exploration since 2011 Open in all directions Recent 2023 RC drilling results
Slide 14: Barloweerie
Barloweerie 150km west of Cue For personal use only 113km2 granted tenements 360km2 under application Base metals and gold mineralisation Multiple walk-up Zn-Pb-Ag-Cu-Au targets Strong mineralisation in historical 1980’s drilling 5m @ 4.79% Zn fr. 38m (SDH34) 1m @ 3.9% Pb fr. 15m (SDH19) 5m @ 100.0g
Slide 15: Barloweerie – B1 Prospect
Barloweerie – B1 Prospect Outcropping mineralisation over 2km strike For personal use only Granite-mafic intrusive/extrusive contact offset by NNE faulting Historical logging identifies mineralisation associated with intense silicification and sulphide minerals including chalcopyrite, sphalerite, ga
Slide 16: Nanadie Project
Nanadie Project Copper-Gold mineralisation in Greenstones For personal use only 113km2 granted exploration tenements Proximal to Nanadie Well Copper Project (ASX:CYM) 36.07Mt @ 0.42% Cu & 0.064g/t Au for 151kt Cu & 74koz Au [11] Minimal historical exploration Extensive copper & nickel anomalism in s
Slide 17: Nanadie – Priority Areas
Nanadie – Priority Areas Strong correlation of chromium to nickel and copper For personal use only >600ppm chromium considered highly anomalous NAN-01 Magnetic high overlying interpreted greenstone rocks Peak soils 107ppm Cu, 455ppm Ni & 1,388ppm Cr Interpreted weak bedrock conductors NAN-16 Greenst
Slide 18: Business Development
Business Development 12+ months of identifying and assessing growth opportunities For personal use only Growth by acquisition Identify investment opportunities, extract maximum value Leverage Empire’s significant experience in project due diligence Maintain relationships with capital markets Current
Slide 19: Summary
Summary Excellent package of highly prospective exploration projects For personal use only Multi-commodity: Au, Cu-Au, Cu-Ni-Co, PGM’s & Zn-Pb-Ag-Cu-Au Greenfields through to advanced exploration with existing JORC Copper-Gold Resource Active exploration, continuous news flow Good financial position
Slide 20: For personal use only
For personal use only 159 Stirling Highway Nedlands, WA 6009 PO Box 1104 Nedlands, WA 6909 P: +61 (0)8 6389 1032 info@resourcesempire.com.au www.resourcesempire.com.au ASX:ERL EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au 20
Slide 21: Appendix I – Just Desserts Copper-Gold Resource April 2016
Appendix I – Just Desserts Copper-Gold Resource April 2016 For personal use only JORC Resource to depth of 170m at 0.5% Cu lower cut off Indicated Inferred Total Weathering Tonnes Cu% Au g/t Ag g/t Tonnes Cu% Au g/t Ag g/t Tonnes Cu% Au g/t Ag g/t Partial 97,000 1.05 0.30 0.98 65,000 1.43 0.18 2.21
Slide 22: Appendix II – Competent Person Statements
Appendix II – Competent Person Statements For personal use only The information in this presentation that relates to Exploration Results is based on information compiled and/or reviewed by Mr Mark Shelverton, who is a Member of the Australian Institute of Geoscientists. Mr Shelverton is a full-time
Slide 23: Appendix III – Additional Information
Appendix III – Additional Information Further details relating to the information in this presentation can be found in the following ASX For personal use only announcements: 1. ASX:ONX “Acquisition of High-Grade Penny’s Find Mine” 4 March 2019 2. ASX:ERL “Quarterly Report for the Period Ending 30 Ju
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