Enterprise Metals Limited · ASX:ENT
Enterprise Metals — Investor Presentation (September 2014)
40 slides from Enterprise Metals's investor presentation, Sep 8, 2014
Slide 1: Company Presentation 8 Sept 2014
For personal use only 8 Sept 2014
Slide 2: Important Information
Important Information Disclaimer For personal use only This document has been prepared by Enterprise Metals Ltd (“Enterprise” or “the Company”) to provide information on the Company’s Projects to investors and potential new shareholders. This presentation should be read in conjunction with other p
Slide 3: ENT: The Next Sirius or Sandfire?
ENT: The Next Sirius or Sandfire? Enterprise is seeking For personal use only Magmatic nickel-copper sulphide deposits (Fraser Range) Volcanic & sediment hosted basemetal sulphide deposits (Doolgunna) Greenstone hosted gold & base metal deposits (Darlot) “ENT’s Plato is the most advanced junio
Slide 4: Tightly held – low enterprise value
Tightly held – low enterprise value Capital Structure Share Price & Volume – Oversold ? For personal use only Share Price A$ 10 cps Shares on Issue # 265,595,776 Options on Issue 1 # 36,575,000 Market Capitalisation A$m $26.5m Cash 2 A$m $1.9m Debt A$m Nil Enterprise Value 3 A$m $24.6m 1. Three tran
Slide 5: Directors & Senior Management
Directors & Senior Management Name Role Background For personal use only Dr Jingbin Wang Non-Executive Dr Wang is Executive Director of China Nonferrous Metals Resource Geological Survey, a position he has held BSc, MSc, PhD Chairman since 2003. He has also held the title of Vice-President of the Ch
Slide 6: Overview
OVERVIEW Significant landholding in three of the best exploration For personal use only addresses in Australia Fraser Range 100% Doolgunna 100% Darlot 100%, but IGO funding to earn up to 70-80% Extensive geophysical & geochemical exploration already undertaken in all areas A number of pr
Slide 7: Premier Fraser Range Project (100% owned)
Premier Fraser Range Project (100% owned) History of the Fraser Range: For personal use only 1965-1971: Newmont 1995-2008: Creasy et al 2004: Creasy INCO JV 2012: Sirius (Nova discovery) ENT 2009-2014: Large landholding in southern Fraser Range Detailed aeromag, soil sampling & AEM compl
Slide 8: Gravity Ridge – The Choice Area
Gravity Ridge – The Choice Area Regional gravity image of the For personal use only Fraser Range highlights the Fraser Orogenic Complex The image demonstrates that ENT & SIR’s ground is largely in the high-gravity area The high-gravity areas (red- orange colours) equate to the more dense iron
Slide 9: Multiple Target Areas - close to SIR Tenure
Multiple Target Areas - close to SIR Tenure ENT ground is well placed with respect to Sirius’ For personal use only tenements, over core of gravity high, interpreted to be a large layered mafic complex Sirius Resources’ Tenements & JV’s Source: Sirius Resources NL ASX release 20 November 2013 ASX: E
Slide 10: Geochemistry Prioritises Areas
Geochemistry Prioritises Areas Multi-element regional soil geochemical analysis completed [800m x 400m] For personal use only Coincident multiple Ni-Cu-Co results from six target areas Infill sampling completed [200m x 100m] Geochemically anomalous areas coincident with magnetic/AEM features
Slide 11: Plato - The First Target Tested
Plato - The First Target Tested Plato soil geochem data over Ni For personal use only magnetic “low”, co-incident with elevated nickel, copper, cobalt Magnetic “low” interpreted as olivine gabbronorite unit/intrusive within mafic complex ENT: ASX release 30 July 2014 ASX: ENT | PAGE 11
Slide 12: Plato Maiden Drilling Program
Plato Maiden Drilling Program Initial success with RC drilling For personal use only From To Interval Ni Cu Co S MgO PLRC003 (m) (m) (m) (ppm) (ppm) (ppm) (%) (%) 208 270 62 2,100 596 120 0.75 13.9 Incl. 231 251 20 2,970 909 145 1.15 14.7 Incl. 231 234 3 3,970 1,123 170 1.45 15.2 Incl. 246 247 1 3
Slide 13: Plato Geophysics
Plato Geophysics Fixed loop Ground EM shows Conductor at Plato south For personal use only Further FLEM in progress at Plato East and West Plan of Ni Soil Geochemistry Proposed RC/DC Drilling 350m deep holes 450m deep hole CDI Section of HEM Model ENT: ASX release 27 June, 20 August 2014 ASX: EN
Slide 14: Fraser Range – Multiple Prospects
Fraser Range – Multiple Prospects Plato: Ni/Cu sulphides in For personal use only olivine gabbronorite unit/intrusive within layered mafic complex Olivine gabbronorite characterised by distinct magnetic low Multiple other prospects identified for GEM surveys and drill testing Sirius pursuing
Slide 15: HeliTEM: deep weathering & palaeochannels
HeliTEM: deep weathering & palaoechannels Ni/Cu sulphides in olivine For personal use only gabbronorite at Plato Olivine gabbronorites more easily weathered due to olivine and sulphide content HeliTEM survey identified areas of deeper weathering and shallow palaeochannels, where soil sampling
Slide 16: Fraser Range – The Prospects
Fraser Range – The Prospects Seven high quality prospects For personal use only Ground EM underway to identify conductors (drill targets) Then drill testing Ni, Cu, Co Mafic Rocks Mag Low EM Ni / Cu Geochem Signature Conductors Sulphides Plato Yes Yes Yes Partial Yes Plato West Yes To be teste
Slide 17: Fraser Range Project – Next Steps
Fraser Range Project – Next Steps For personal use only Plato Ground EM in progress Permitting & access Further drilling as required Plato West, Plato East, Heart, Oceanus, Titan & Highway Ground EM planned over coincident Ni-Cu-Co/mag lows Permitting & access required Then AC/RC/DC
Slide 18: Fraser Range – Work Schedule
Fraser Range – Work Schedule Aggressive high impact exploration program For personal use only Ground EM program has commenced to define drill targets Drilling scheduled for second half of 2014 Schedule 2014-2015 June September December March Quarter June Quarter Quarter Quarter Quarter 2015 20
Slide 19: Doolgunna Project 1,000km2 100% owned
Doolgunna Project 1,000km2 100% owned* Background For personal use only 1942-53: Small scale Cu mining 1950-66: Horseshoe Cu/Au mine 1955-71: Thaduna Cu mine 2009: Sandfire “DeGrussa” VMS 2013: Sipa “Enigma” SEDEX 2014: ENT SEDEX targets Highly prospective for VMS and SEDEX Cu, Pb, Z
Slide 20: Doolgunna – Geology
Doolgunna – Geology Ore-control factors: For personal use only Structural control: Intersection of NE- striking Goodin and SBF faults with NW striking cross-cutting faults Mineralisation source and fluids: Copper sourced from mafic volcanics, medium - low temperature fluids, heated by radioactivity
Slide 21: Prospecting Indicators
Prospecting Indicators Structure: For personal use only NE-striking Goodin and SBF faults, with major NW striking cross cutting faults, associated with: Geochemical anomalism Bi: Bismuth Sb: Antimony Te: Tellurium W: Tungsten Mo: Molybdenum Sn: Tin Enrichment at surface. Cu(Zn): Depletion in regolit
Slide 22: VMS Targets - Sandfire & Enterprise
VMS Targets -Sandfire & Enterprise For personal use only SFR: ASX 17 April 2014 Presentation ENT:ASX Release February 2013 ASX: ENT | PAGE 22
Slide 23: Vulcan VMS Prospect
Vulcan VMS Prospect Results from limited 5 RC drill holes at Vulcan in 2013 included 11m @ For personal use only 3.2g/t Au from 112m and 9m @1.7g/t Au from 133m (hole VRC003) Vulcan Prospect, defined by shallow AC/RC drilling, not yet fully tested Attention turned to larger SEDEX style targets
Slide 24: Doolgunna – SEDEX Search Criteria
Doolgunna – SEDEX Search Criteria For personal use only Tectonic setting Yerrida Basin Rift, sag, deformation Capricorn Orogen Source rocks Volcanics – basalts, etc Copper rich Heat flow Archaean Goodin Dome Hydrothermal systems Major Structures Southern Boundary Fault Basin bounding faults Goodin F
Slide 25: Airborne EM
Airborne EM Airborne SPECTREM survey (5,500m For personal use only line spacing) identified 6 excellent bedrock conductors Targets A & B associated with anomalous Te, Bi, Sb, Mo in maglag samples Targets C to F associated with Te, Sb, Mo, +Bi ENT:ASX release 30 October 2013 ASX: ENT | PAGE 25
Slide 26: Maglag Surface Geochemistry
Maglag Surface Geochemistry Initial Maglag at 1km x 1km spacing For personal use only Broad multi-element anomalies identified (Te, Bi, Sb, Mo, As, W, etc) 2014: Infill Maglag sampling (250m x 250m) Tellurium Maglag Geochem “Tellurium often occurs with large gold deposits & copper sulphide dep
Slide 27: Maglag Surface Geochemistry - Tungsten
Maglag Surface Geochemistry For personal use only 2014: Additional & Infill Maglag - W Tungsten Maglag Geochem “Tungsten is often diagnostic of base metal mineralisation “ ASX: ENT | PAGE 27
Slide 28: Maglag Surface Geochemistry - Antimony
Maglag Surface Geochemistry For personal use only 2014: Additional & Infill Maglag - Sb Antimony Maglag Geochem “Antimony is often associated with limestone hosted base metal mineralisation “ ASX: ENT | PAGE 28
Slide 29: Maglag Surface Geochemistry - Molybdenum
Maglag Surface Geochemistry For personal use only 2014: Additional & Infill Maglag - Mo Molybdenum Maglag Geochem “Molybdenite (MoS2) is often recovered as a by-product of copper & tungsten mining “ ASX: ENT | PAGE 29
Slide 30: Maglag Surface Geochemistry - Sulphur
Maglag Surface Geochemistry For personal use only 2014: Additional & Infill Maglag - S Sulphur Maglag Geochem “Low level sulphur analyses, but relative surface depletion in sulphur infers acid leaching of soluble metals such as copper & zinc“ “2014 Infill sampling highlights Sulphur depletion” ASX:
Slide 31: 2014 RC Drilling
2014 RC Drilling For personal use only Scout RC drilling of Maglag Scout RC drilling of Targets A – F geochem/GEM/ gravity targets 36 RC holes for 4,166 metres First drill test of fresh unoxidised sediments within Doolgunna basin Drilling & analyses suggest the combined gravity/EM features a
Slide 32: BORG Prospect – 2014 RC Drilling
BORG Prospect – 2014 RC Drilling 13 shallow vertical RC holes & 4 deeper angled RC holes For personal use only Drilling intersected weakly mineralised siliclastic & carbonate sediments Subsequent Maglag surface geochem shows drilling was focused too far to the west But, RC assays confirm base
Slide 33: Borg Prospect – Drilling & Maglag
Borg Prospect – Drilling & Maglag Arsenic Lead Molybdenum For personal use only Tungsten Antimony Sulphur ENT: ASX release 8 July 2014 ASX: ENT | PAGE 33
Slide 34: Borg Prospect
Borg Prospect VTEM & GROUND EM & Te GEOCHEM BOUGUER GRAVITY IMAGE For personal use only ENT: ASX release 21 July 2014 ENT: ASX release 11 August 2014 ASX: ENT | PAGE 34
Slide 35: Borg Prospect – Gravity Profiles
Borg Prospect – Gravity Profiles For personal use only TARGET ENT: ASX release 11 August 2014 ASX: ENT | PAGE 35
Slide 36: Borg Prospect – RC Drill Assays
Borg Prospect – RC Drill Assays Hole From Int Sample Au As Bi Cd Mo S Sb W Cu Pb Zn For personal use only ID m m Type ppb ppm ppm ppm ppm % ppm ppm ppm ppm ppm Some narrow higher grade BGRC001 13 14 1m 5 107 2 2 10 0.05 14 5 314 83 72 intervals included: BGRC001 27 24 1m BD 47 3 BD 4 BD 6 4 239 50 4
Slide 37: Borg Prospect – RC Drill Chips
Borg Prospect – RC Drill Chips For personal use only BGRC004 113m - 116m Laminated sulphides in carbonates & black shales BGRC014 84m - 88m Matrix sulphides in quartzites ENT: ASX release 8 July 2014 ASX: ENT | PAGE 37
Slide 38: Other Prospects - 2014 RC Drilling
Other Prospects - 2014 RC Drilling For personal use only Bouguer Anomaly Gravity Image & RC Drill Holes ENT: ASX release 8 July 2014 ASX: ENT | PAGE 38
Slide 39: Doolgunna - Work Schedule
Doolgunna - Work Schedule For personal use only Aggressive high impact exploration program Gravity, AMT/IP programs to define drill targets Drilling scheduled for second half of 2014 Schedule 2014-2015 September December March Quarter June Quarter Quarter Quarter 2015 2015 Ground geophysics Pe
Slide 40: Darlot Project - Overview
Darlot Project - Overview 740km2 of Archaean Yandal For personal use only greenstone belt Proven gold & base metal endowment Independence Group (ASX:IGO) JV Minimum $0.5M in Year 1, A 51% interest by spending $1.7M, Up to 70 - 80% interest by sole funding pre-feas study on JORC Resource
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