Duketon Mining Ltd · ASX:DKM
Duketon Mining — Investor Presentation (September 2022)
21 slides from Duketon Mining's investor presentation, Sep 13, 2022
Slide 1: Investor Briefing
For personal use only Investor Presentation Investor Briefing September 2022 ASX: DKM 1 www.duketonmining.com.au
Slide 2: Cautionary Statement
Cautionary Statement For personal use only This presentation has been prepared by Duketon Mining Limited (“Duketon”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and
Slide 3: Company Snapshot
Company Snapshot For personal use only About Duketon Mining Shareholder Information - as at 7 September 2022 Duketon Mining Limited is a Western Australia focused mineral resources Harmanis 18.4% Holdings exploration and development company with flagship nickel projects at Rosie and Institutional Ro
Slide 4: Experienced Board and Management
Experienced Board and Management For personal use only SEAMUS CORNELIUS – Non-Executive Chairman Mr Cornelius is an experienced international corporate lawyer and company director. He was a partner with a major international law firm from 2000 to 2010 and resided in China from 1993 until 2017. In 20
Slide 5: Investment Highlights
Investment Highlights For personal use only HIGH DEMAND FOR NICKEL Electric vehicle batteries Commodity for a clean future Class 1 nickel sources likely to demand a premium POTENTIAL UPSIDE Exploration upside within Duketon Belt - drilling and gpx underway Rosie & C2 open along strike and at depth M
Slide 6: For personal use only
For personal use only 6 www.duketonmining.com.au
Slide 7: Strategic Location/Value Proposition
Strategic Location/Value Proposition For personal use only Large land position – multiple projects 94,300t of nickel metal in JORC resources* 14,100t of copper metal in JORC resources* 255koz PGE’s in JORC resources Positive metallurgical results at Rosie and C2 Positive scoping study at Rosie Acces
Slide 8: Positive Scoping – Platform for Growth
Positive Scoping – Platform for Growth* For personal use only Confirms the viability of a mining, trucking & toll treating operation assuming an 8-year mine life Ni price of US$8/lb (range US$7.50/lb to US$8.50/lb) NPV5 of ~$161M (range $56M to $204M) IRR of ~54% (range 21% to 66%) Pre-tax cashflow
Slide 9: 94kt Ni, 14kt Cu, 255koz PGE's & growing
94kt Ni, 14kt Cu, 255koz PGE’s & growing For personal use only Rosie Nickel Deposit Mineral Resource Estimate 2022* 56,300t nickel, 11,800t copper, 229,000oz PGE’s C2 Nickel Deposit Mineral Resource Estimate 2015* 38,000t nickel, 2,300t copper, 26,000oz PGE’s Both deposits open at depth and along st
Slide 10: Rosie Long Section
Rosie Long Section For personal use only 10 See ASX Announcement 9 September 2021 www.duketonmining.com.au
Slide 11: Rosie Drill Core
Rosie Drill Core For personal use only 9.22M @ 4.96% Ni, 0.41% Cu and 2.41 g/t Pt+Pd* 11 *Includes 5.65m @ 7.1%Ni, 0.5%Cu & 3.8g/t Pt+Pd See ASX Announcement 2 December 2014 www.duketonmining.com.au
Slide 12: C2 Cross Section
C2 Cross Section For personal use only Large Tonnage Cut-Off (Ni %) Tonnes Grade (Ni %) Ni (t) 0.3 18,775,665 0.5 88,902 0.4 10,776,805 0.6 60,356 0.5 5,721,787 0.7 37,967 0.6 3,008,201 0.8 23,249 0.7 2,019,653 0.8 16,940 0.8 1,018,985 0.9 9,503 0.9 641,066 1.0 6,265 1 148,053 1.1 1,577 1.1 62,461 1
Slide 13: Positive Metallurgical Testwork – Rosie
Positive Metallurgical Testwork – Rosie For personal use only High Quality Concentrate Ni recovery up to 97% Intermediate concentrate up to 22% Ni Nickel concentrate grading 16% Ni and 7g/t total PGE’s from massive ore Bulk concentrate grading 15% (Ni+Cu) and 12g/t total PGE’s from violarite ore Hig
Slide 14: Positive Metallurgical Testwork – C2
Positive Metallurgical Testwork – C2 For personal use only High Quality Concentrate C2 Responds well to conventional flotation Produces a saleable concentrate Nickel recovery as high as 77.3% to a saleable grade concentrate Fe:MgO 12-20:1 Concentrate grades range from 11-18% Ni Latent value unlocked
Slide 15: Duketon North
Duketon North For personal use only Multiple EM Responses and Ni Sulphides Ultramafics of Duketon North highly prospective for Ni Sulphides Extensive surface geochemistry, U/M contacts outlined by elevated Cu and Ni Historic drilling has intersected sulphides within serpentinised peridotites Ultrama
Slide 16: Tate
Tate For personal use only Mafic Intrusive Model Magnetics reveal the presence of two features – likely intrusives with remnant magnetism Interpreted to be late mafic intrusives Beneath 8m of transported cover 6km x 1.2km & 2.2km x 1.2km BOH geochemistry 143ppm Ni, 86ppm Cu, 86ppm Zn, 2710ppm Mn and
Slide 17: Concluding Remarks
Concluding Remarks For personal use only MINING STUDY Study being refined based on updated resource model. Assessing standalone concentrator, Rosie + C2 EXPLORATION Ground EM underway Drilling underway CORPORATE Cash (+ liquids) balance of ~$18.5M Market Capitalisation $36.0M Enterprise Value $17.5M
Slide 18: Stuart Fogarty, Managing Director
For personal use only Stuart Fogarty Managing Director Duketon Mining Limited Level 2, 25 Richardson Street West Perth WA 6005 Ph: +61 8 6315 1490 Website: duketonmining.com.au Email: admin@duketonmining.com.au www.duketonmining.com.au 18
Slide 19: Appendix: Duketon Nickel Resources
Appendix 1 : Duketon Nickel Resources For personal use only Rosie Nickel Resource >1% NiEq Total Ni Cu Co NiEq Classification Sulphide Tonnes PGEs (%) (%) (ppm) (%) (g/t) Pentlandite 1,191,555 2.4 0.42 642 2.7 3.76 Indicated Violarite 820,999 1.7 0.39 504 2.5 2.75 Sub-Total 2,012,553 2.1 0.41 585 2.
Slide 20: Appendix: Duketon Nickel Resources
Appendix 1 : Duketon Nickel Resources For personal use only C2 Nickel Resource >0.5%Ni Classification Oxidation Tonnes Ni (%) Cu (%) Pt (ppb) Pd (ppb) S (%) Fresh 5,100,000 0.7 0.04 60 79 3.3 Inferred Transitional 600,000 0.6 0.04 72 105 0.9 Total 5,700,000 0.7 0.04 61 82 3.1 Table 3. C2 Mineral Res
Slide 21: Appendix: C2 Grade Tonnage
Appendix 2 : C2 Grade Tonnage For personal use only Figure 1: Grade Tonnage Curve at Ni cut-offs. Cut-Off (Ni %) Tonnes Grade (Ni %) Ni (t) 0.3 18,775,665 0.5 88,902 0.4 10,776,805 0.6 60,356 0.5 5,721,787 0.7 37,967 0.6 3,008,201 0.8 23,249 0.7 2,019,653 0.8 16,940 0.8 1,018,985 0.9 9,503 0.9 641,0
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