Tungsten Mining Nl · ASX:TGN
Tungsten Mining Nl — Shareholder Meeting (November 2016)
20 slides from Tungsten Mining Nl's shareholder meeting presentation, Nov 29, 2016
Slide 1: AGM Presentation November 2016
For personal use only AGM Presentation November 2016
Slide 2: Disclaimer
Disclaimer For personal use only This presentation includes certain statements that may be deemed ‘forward-looking statements’. All statements, other than statements of historical fact, that refer to any future production, resources or reserves, exploration results and events that Tungsten Mining NL
Slide 3: 2016 Highlights
2016 Highlights For personal use only Low cost acquisition of a high quality tungsten portfolio Drilling and sampling has identified resource upside Strategic Development Plan formulated and commenced Mineralogical and metallurgical testwork underway Infrastructure sharing discussions unde
Slide 4: Corporate Overview
Corporate Overview For personal use only Capital Structure ASX: TGN Shares on issue 263,652,708 ordinary shares Unlisted Options Nil Market Capitalisation $10.5 million (at 4 cps) Cash as at 30 Sept 2016 $0.92 million Top 20 shareholders 78% Board and Management Gary Lyons Non-Exec Chairman Experien
Slide 5: Expanded Project Portfolio
Expanded Project Portfolio For personal use only • Tungsten Mining acquired a large portfolio of advanced tungsten (scheelite) development projects. • Mineral Resources* of 88.6 Million tonnes at 0.18% WO3, containing more than 15.5 million MTU (metric tonne units) of WO3 at a 0.10% cut-off grade. •
Slide 6: Market low created opportunity
Market low created opportunity For personal use only • Ammonium paratungstate (APT) is a key intermediate tungsten product and pricing benchmark quoted in $US/MTU. • Concentrates typically traded at ~20% discount to APT price. • Tungsten Mining has taken the opportunity to acquire quality assets at
Slide 7: Targeted acquisition & development plan
Targeted acquisition & development plan For personal use only Dec 2015 – Mt Mulgine and Big Hill acquisition 1 $1.2m ~$40m 50,000m 83.7Mt low acquisition historical spend historical @ 0.17% WO3 (in 2016 dollar terms) cost drilling and 197ppm Mo (incl 40km DDH) Advanced project at Mt Mulgine Near ter
Slide 8: Critical success factors
Critical success factors For personal use only Large scale deposits supporting robust project economics Existing infrastructure driving low capital expenditure Low mining costs from near surface mineralisation and low strip ratios Simple metallurgical recovery and processing route Stable p
Slide 9: Mt Mulgine Tungsten Project
Mt Mulgine Tungsten Project For personal use only Globally significant JORC 2012 Mineral Resource (updated in June 2016). Substantial past exploration and Feasibility Study work. Tungsten and molybdenum rights held by Tungsten Mining. Minjar Gold Pty Ltd, subsidiary of Shandong Tianye Group
Slide 10: Located in a mining province
Located in a mining province For personal use only MMG Golden Grove Zinc-Copper Mine 1.7Mtpa Minjar Gold Minjar Gold Mine 0.6mtpa, 172 man camp, workshops & office, grid power and airport via Golden Grove, Existing haul road In place 37km Gindalbie/Ansteel Karara Iron Ore Mine 8Mtpa Image from Googl
Slide 11: Mt Mulgine – Summary Plan
Mt Mulgine – Summary Plan For personal use only
Slide 12: Mulgine Hill – Summary Plan
Mulgine Hill – Summary Plan For personal use only
Slide 13: Mulgine Hill Cross Section – Target
Mulgine Hill Cross Section – Target 1 For personal use only Cross section showing August 2016 drilling (MMC prefix) and interpretation with 2016 block model.
Slide 14: Mulgine Hill Cross Section – Target
Mulgine Hill Cross Section – Target 3 For personal use only Cross section showing August 2016 drilling (MMC prefix) and interpretation with 2016 block model.
Slide 15: Mt Mulgine Strategic Development Plan
Mt Mulgine Strategic Development Plan For personal use only Staged development approach targeting production of tungsten concentrate and early cash flow within 2 years Focus on shallow mineralisation at Mulgine Hill, previously mined and stockpiled material and exposed ore in Bobby McGee pit at
Slide 16: Mt Mulgine Strategic Development Plan
Mt Mulgine Strategic Development Plan For personal use only Targeting small scale production facility capable of producing saleable concentrate and by-products by end 2018. DRILLING Phase 1 RC and PQ diamond drilling completed – targeted shallow mineralisation at Mulgine Hill METALLURGICAL Program
Slide 17: Mt Mulgine Development Timeline
Mt Mulgine Development Timeline For personal use only Task Sep 16 Dec 16 Mar 17 Jun 17 Sep 17 Dec 17 Mar 18 Jun 18 Geology and resource development Metallurgy Engineering Pilot Scale Testwork Project management, permitting and approvals Marketing and Commercial Mining
Slide 18: 2017 Work Program
2017 Work Program For personal use only Focussed on Mt Mulgine Development Plan Mineralogical & metallurgical testwork Drilling and resource updates Shared infrastructure agreements Pilot Plant development Engineering studies Mining studies
Slide 19: Thank you
Thank you For personal use only Primary contact: Media & Broker Enquiries: Craig Ferrier Andrew Rowell Chief Executive Officer Cannings Purple t: +618 9486 8492 t: +61 400 466 226 e: craig.ferrier@tungstenmining.com e: arowell@canningspurple.com.au
Slide 20: Annexure: JORC 2012 Mineral Resources
Annexure 1 JORC 2012 Mineral Resources For personal use only
Tungsten Mining NL — Shareholder Meeting (November 2016) on 6ix