Lunnon Metals Limited · ASX:LM8
Lunnon Metals — Investor Presentation (June 2022)
17 slides from Lunnon Metals's investor presentation, Jun 15, 2022
Slide 1: Company Presentation
LUNNON METALS LIMITED ABN: 82 600 008 848 Company Presentation For personal use only 15 June 2022 BOARD/MANAGEMENT Mr Liam Twigger NON-EXECUTIVE CHAIRPERSON Lunnon Metals Ltd Managing Director, Ed Ainscough, will be completing a number of investor briefings at which the attached presentation will be
Slide 2: Right team, right address, right assets, right timing
RIGHT TEAM >100yrs combined experience in district and commodities For personal use only RIGHT ADDRESS Globally significant nickel Baker tops off & gold camp successful 12 28 Ni RIGHT ASSETS months 79 Under-explored, missed last Ni boom, no modern exploration for >25 yrs Au June 2022 RIGHT TIMING Su
Slide 3: Important Notice & Disclaimer
Important Notice & Disclaimer This Presentation has been prepared by employees of Lunnon Metals Ltd (“Lunnon”, “LM8” or “the Company”) on its behalf and is a summary only, and contains summary information about For personal use only Lunnon and its activities, which is current as at the date of this
Slide 4: 2022 LM8 Highlights
2022 LM8 Highlights For personal use only 2022 events World renowned • January nickel district • First high grades reported at Baker Significant opportunity Aggressive discovery • February 4 historical mines, • High grade extensions at got sold with the Warren gold in 2001 programme • April • Raised
Slide 5: Past production from Kambalda Ni mines
Past production from Kambalda Ni mines For personal use only Production^: Pre-WMC sale vs Total Life of Mine Past Nickel Production^ to date 4.3% Mine Shut by Mt % Ni Ni kt 4.1% 3.9% 342 Silver 203 Lake* 1986 4.5 2.7 123 3.7% 3.5% Ni % 3.3% Fisher* 1988 1.7 2.3 38 467 101 674 3.1% 2.9% 196 Foster 19
Slide 6: Corporate snapshot
Corporate snapshot For personal use only close close Post Board & Management Capital structure 11 Apr 22 14 Jun 22 Acquisition Shares on issue (#M) 141.2 173.5 195.0* St Ives (GFI) (#M) 44.7 44.7 66.2 (31.65%) (25.77%) (33.96%) Share price (pre/current) ($) 1.04 0.695 Market capitalization ($M) ~148
Slide 7: LM8 - 12 month achievements
LM8 - 12 month achievements For personal use only $12.5M spent ~28,000m 25,300t Ni metal since IPO^ drilled added to JORC MRE* Baker Warren 568kt @ 2.8% Ni 211kt @ 3.1% Ni (15,800t Ni) (6,400t Ni) 85H Diagrammatic representation of areas hosting JORC2012 Mineral Resources 687kt @ 2.4% Ni Diagrammati
Slide 8: Baker: months from discovery to JORC'12
Baker: 9 months from discovery to JORC’12 For personal use only 3m @ 4.35% Ni (109m) 6.1m @ 2.19% Ni & (74.35m) 2m @ 4.61% Ni & (125m) 2.55m @ 7.53% Ni ECO21RC_041 (91.15m) ECO21DD_002 2.7m @ 10.72% Ni (167.85m) ECO21DD_004 10m @ 6.82% Ni 3.32m @ 2.04% Ni (160m) (305.48m) – SID319 ECO21RC_042 *refer
Slide 9: Baker: rising to the top
Baker: rising to the top For personal use only Isometric view of mineralisation solids Cross Section View: 6,531,200mN WMC diamond holes (yellow traces); LM8 RC/DD (grey traces) Image centre point: 385,665mE; 6,531,110mN, (GDA94/MGA Zone 51) *refer Slide 15 for previous relevant ASX announcements 8
Slide 10: Foster: Dewater / Re-entry / Drill / Discover
Foster: Dewater / Re-entry / Drill / Discover For personal use only 725m deep Foster shaft Example of dewatering gear at St Ives early 2000s 9 refer Slide 14 for full breakdown of Mineral Resource
Slide 11: Goals for Foster, Warren & Baker
Goals for Foster, Warren & Baker For personal use only Foster • Re-enter, re-establish vent & 48.5kt Ni* power, grow resource from underground drilling (JORC 2012) • Metallurgy & geotechnical Consider together study + Warren update • Warren, 85H, Foster South • Determine and historical plus addition
Slide 12: Update: St Ives acquisition
Update: St Ives acquisition For personal use only Silver Lake/Fisher nickel rights^ • Acquiring last 2 historical WMC mines never previously transacted; produced >161kt nickel metal & also missed the last Ni price cycle; • $20M in shares ($0.93ea) to St Ives Gold Mining Co. Pty Ltd (31.7% to 34.0%);
Slide 13: Nickel, in the heart of Kambalda
Nickel, in the heart Kambalda For personal use only • 4 historical nickel mines • +Baker discovery 25km • At least 7 nickel channels 125km • 25km from Nickel West Concentrator • 125km from Black Swan Discover, grow and develop 12
Slide 14: Contact Us / Making our own history
Contact Us Making our own history, in the heart of Kambalda For personal use only Suite 5/11 Ventnor Avenue West Perth, WA 6005 PO Box 470 West Perth WA 6872 1960s/70s Tel: (08) 6424 8848 2022 Driller, Jack Lunnon (far right) overlooking Lake Lefroy www.lunnonmetals.com.au from north side of Red Hil
Slide 15: Important Notice & Disclaimer: Competent Person Statement
Important Notice & Disclaimer For personal use only Competent Person Statement The information in this Presentation that relates to geology, nickel and gold mineralisation, Mineral Resources and Exploration Results is based on, and fairly re presents information compiled and reviewed by Mr Aaron Weh
Slide 16: Important Notice & Disclaimer: Exploration results reporting
Important Notice & Disclaimer For personal use only Exploration results reporting This presentation contains references to Lunnon's exploration results and previous announcements. The information in this pre sentation that relates to previous exploration results has been extracted from the following
Slide 17: Real Assets, in the heart of Kambalda
Real Assets, in the heart of Kambalda For personal use only Ni Kambalda Nickel Project Au 16