Pursuit Minerals Ltd · ASX:PUR
Pursuit Minerals — Investor Presentation (June 2017)
25 slides from Pursuit Minerals's investor presentation, Jun 19, 2017
Slide 1: Discovery, Resource Definition, Value Capture
+ Discovery + Resource Definition + Value Capture Within the world’s greatest base metal province – the Mt Isa Super Basin in Northern Queensland June 2017
Slide 2: Forward Looking Statements
Forward Looking Statements • This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, or ‘intends’ and other similar words that involve risks and uncertainties. • These statements are based on an assess
Slide 3: Pursuit Minerals Limited
Pursuit Minerals Limited • Quality assets – to acquire the advanced lead/zinc • Critical infrastructure – roads, power and access and copper projects Paperbark and Bluebush in already in place northern Qld, and the Coober Pedy Project in South Australia, from Teck Australia Pty Ltd • Strong leadersh
Slide 4: Company Snapshot (ASX:BUA)
Company Snapshot (ASX:BUA) The Transaction Capital Structure Shareholders • Re-compliance listing on the ASX • 29:1 consolidation • Current shareholders 25.8% with an associated capital raising • Shares (at completion): 65,370,885 • Seed investors 8.4% • Historical expenditure • Share price: $0.20 •
Slide 5: Management Track Record
Management Track Record • Created and managed four ASX Meridian Minerals Limited (ASX: MII) listed companies where investor • Formed company in 2008 funds have been used to discover • Capital raised: A$25M and increase mineral resources up Share Price Volume ('000) to the commencement of mining • Sh
Slide 6: Transaction timetable and 2 Year Budget
Transaction timetable 2 Year Budget Event Date Item Budget Capital Raising Prospectus is lodged with ASX 19 June Exploration Expenditure $2,814,000 Fund raising Road Show 20-27 June Acquisition Costs $400,000 Opening date of prospectus offer 20 June Repayment of existing liabilities $372,937 General
Slide 7: Project Portfolio
Project Portfolio Projects • Paperbark — zinc and copper • Bluebush — zinc • Coober Pedy — copper and gold Location • Paperbark — 25km SE of Century Mine • Bluebush — 72km NE of Century Mine • Coober Pedy — Central South Australia Regional Infrastructure • Mothballed Century Mine processing plant* •
Slide 8: Development Strategy
Development Strategy Bluebush Project Coober Pedy Project • Confirm the zinc mineralisation system contains economic widths • Confirm the rocks at the Cyclops Prospect are the same age as and grades of zinc, with the potential to deliver a world class zinc Prominent Hill and Olympic Dam deposit • Lo
Slide 9: Why Zinc and Lead?
Why Zinc and Lead? Zn Cu 68% of peak 90% of peak Pb Ni 42% of peak 85% of peak
Slide 10: Zinc Market
Zinc Market • Mine closures (Century, Lisheen) 4% decrease in mine supply • Aust zinc production decreased by 43% in 2016 • 5.5% decrease in refined zinc production in 2016 • 2016 zinc market deficit of 286kt • 2017 predicted zinc market deficit of 226kt • Refined zinc consumption increased by 3.6%
Slide 11: When to Capture Value?
When to Capture Value? Example of last zinc price cycle
Slide 12: Mt Isa Super Basin – Worlds Premier Zinc Province
Mt Isa Super Basin – Worlds Premier Zinc Province • Mt Isa Super Basin is a world-class metallogenic province and the world’s greatest base metal province • Hosts six major zinc-lead SEDEX deposits, world class copper deposits and several sub-economic zinc-lead deposits • Also hosts world-class mang
Slide 13: Bluebush Project
Bluebush Project v LEGEND Be Pursuit Minerals tenement —— Major road —— Railway © = Town ® mine T T 140° E Gulf of Camentaria 0 sok BLUEBUSH PROJECT - LOCATION MAP
Slide 14: Bluebush Zinc – Lead Project
Bluebush Zinc – Lead Project • Potentially the largest sediment hosted deposit in the Mt Isa Province with more than 100km2 of greater than 1% Zn • Locate setting where mineralisation has been best concentrated, proximal to the intersection of an original extensional basin normal fault and a large-
Slide 15: Bluebush Zinc – Lead Project (drill targets)
Bluebush Zinc – Lead Project (drill targets) Century 118Mt @ 10.2% Zn, 1.5% Pb • Four drill targets for ~2,000m with the potential to deliver a world- class zinc-lead deposit – PRL-01: Coincident gravity and EM anomalies and following up BBDD051 along syn-depositional NW fault – PRL-02: Gravity anom
Slide 16: Bluebush Zinc – Lead Project (Drill Targets)
Bluebush Zinc – Lead Project (Drill Targets) Hole Interval (m) Zn % Pb % Depth (m) Hole Interval (m) Zn % Pb % Depth (m) BBDD0047 13 1.0 0.4 195 BBDD0051 17 1.4 0.3 231 11 2.3 0.1 283 6 2.6 1.6 258 5 3.4 2.1 279 1 12.8 1.9 282 Hole Interval (m) Zn % Pb % Depth (m) BBDD0031 32 1.2 1.9 331 3 5.4 - 454
Slide 17: Paperbark Project
Paperbark Project ay Doomadgee M 14309 jentury (2n Po Ag) Bs Pursuit Minerals tenement —— Major road PAPERBARK PROJECT —— Railway ee —" LOCATION MAP ® vine
Slide 18: Paperbark Project – Copper Oxide and Sulphide Potential
Paperbark Project Copper Oxide and Sulphide Potential • Three highly anomalous surface copper zones delineated by rock chip and soil samples over two 7-10km long zones • Potential to quickly define copper oxide deposit capable of production via low cost heap leach processing • Grunter Copper Zone: –
Slide 19: Paperbark Project – Zinc Potential
Paperbark Project Zinc Potential • JORC inferred mineral resource of 10.4Mt @ 2.7% Zn, 0.2% Pb, 1g/t Ag at 1.5% Zn cut-off grade* defined at the JB Prospect • Previous drilling focussed on stratigraphic contained mineralisation, whereas it is the structures which are key and these were never properl
Slide 20: Paperbark Project – JB Prospect Lead-Zinc Deposit
Paperbark Project JB Prospect – Lead-Zinc Deposit • 10Mt @ 3% Zn+Pb • Heavy media separation of ore upgraded mill feed to approx. 15% Pb+Zn • Potentially able to be mined via an open pit • 94.8% recovery to produce a 55.6% Zn concentrate • 90.1% recovery to produce a 60.3% Pb concentrate • Low delet
Slide 21: Paperbark Project – Drill Hole JB008, 6M @1.1% Cu
Paperbark Project – Drill Hole JB008, 6M @1.1% Cu
Slide 22: Coober Pedy – South Australia
Coober Pedy – South Australia • 1,165km2 in the world’s premier IOCG province • Gawler Craton hosts world-class IOCG deposits – Olympic Dam – Prominent Hill – 303Mt @ 1% Cu, 0.71g/t Au – Carapateena • IOCG deposits found by drilling gravity and magnetic anomalies
Slide 23: Thank you
+ Thank you JEREMY READ MANAGING DIRECTOR Q& +61 447 379 744 M4 jeremy@pursuitminerals.com.au P L r S J i T pursuitminerals.com.au MINERALS
Slide 24: Competent Persons Statement
Competent Persons Statement • The information contained in this presentation relating to exploration results and mineral resources were previously announced to ASX by the Company on 24 April 2017 in an announcement titled ’Burrabulla Corporation Limited to Acquire Base Metal Projects’ (Previous Anno
Slide 25: Disclaimer
Disclaimer • This Company Presentation (“Presentation”) is for informational purposes only and is not a prospectus, disclosure document or offer document under the Corporations Act 2001 (Cth) or any other law. This Presentation does not constitute, and is not to be construed as, an offer to issue or