Lunnon Metals Limited · ASX:LM8
Lunnon Metals — Shareholder Meeting (November 2021)
18 slides from Lunnon Metals's shareholder meeting presentation, Nov 16, 2021
Slide 1: 2021 Annual General Meeting – Chairman's Address
LUNNON METALS LIMITED ABN: 82 600 008 848 2021 ANNUAL GENERAL MEETING – CHAIRMAN’S ADDRESS 16 NOVEMBER 2021 For personal use only BOARD/MANAGEMENT Dear Shareholders Mr Liam Twigger NON-EXECUTIVE CHAIRPERSON Mr Ian Junk It is my pleasure to present to you on behalf of the Board, our 2021 Annual Repor
Slide 2: Looking forward to 2022
Looking forward to 2022, we expect the following: • Steady news flow from the remaining first pass RC programmes. For personal use only • Regular updates each quarter from the Historical Drill Core Retrieval Programme, which we hope will grow the MRE based on the historical WMC core. • Commencement
Slide 3: Managing Director's Update
RIGHT TEAM >100yrs combined experience in district and commodities For personal use only RIGHT ADDRESS Globally significant nickel & gold camp AGM November 16th 28 RIGHT ASSETS Ni 2021 Under-explored, missed last Ni boom, 79 no modern exploration for >25 yrs Managing Director’s Au Update RIGHT TIMIN
Slide 4: Important Notice & Disclaimer
Important Notice & Disclaimer For personal use only This material in this presentation has been prepared by employees of Lunnon Metals Ltd (“LM8” or the “Company”) on its behalf. This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or publ
Slide 5: AGM - transformational months
AGM - transformational 12 Months For personal use only 2020 Private, no JV interest, 4 shareholders TODAY Ni Successful, fully written $15M IPO, Kambalda Nickel Project >670 shareholders, 10 staff, 100% of nickel at KNP in the HEART of KAMBALDA Au 2022+ Positioning LM8 to maximise exposure to coming
Slide 6: Corporate headlines
Corporate headlines For personal use only Capital structure Board & Management Shares on issue (#M) 141.2 - direct experience - commodity / assets / location St Ives (GFI) (#M) 44.7 Share price (12 Nov 21) ($) 0.375 Market capitalization ($M) 53.0 Broker/Mgt Options (#M) 5.28 Cash – Sept 30 2021 ($M
Slide 7: Lunnon Metals - Highlights
Lunnon Metals - Highlights For personal use only News Flow – multiple World renowned programmes across KNP nickel district Nickel Significant opportunity Aggressive discovery Assets got sold with the gold in ✓ Significant Ni recorded, 2001 confirms WMC drilling ✓ East Cooee emerges as programme Miss
Slide 8: Nickel sulphides – central to Kambalda
Nickel sulphides – central to Kambalda For personal use only Production^: Pre-WMC sale vs Total Life of Mine to date 4.3% 4.1% 3.9% 342 203 3.7% 3.5% Ni % 3.3% 467 101 674 3.1% 2.9% 196 2.7% 91 2.5% 2.3% 75 175 275 375 475 575 675 775 Nickel metal (kt) IGO – Long Shaft PAN – Lanfranchi MCR – Widgie/
Slide 9: ASX Nickel Peers
ASX Nickel Peers For personal use only Kambalda characteristics ✓ Grade high - often >3.00% Ni ✓ Capital “light”, nearby Nickel West Concentrator ✓ Record of longevity: organic growth Kambalda JORC’12 Mineral Resource • MCR - 199kt Ni @ 3.8% Ni • LM8 - 39kt Ni @ 3.2% Ni 7 source: company metrics as
Slide 10: First Phase RC Success
First Phase RC Success East Cooee – H/W^ For personal use only 382000mE 386000mE • 9.0 metres (8.7 mTW) @ 1.66% Ni ( 113 m) 6532000mN including 6532000mN Warren Shoot Foster Portal • 1.0 m @ 7.44% Ni (113 m); 211kt @ 3.1% Ni • N @ 1.31% Ni (130 m) 8.0 metres (7.8 mTW) (6,400t Ni) including • 2.0 m (
Slide 11: East Cooee - high ranking first target area
East Cooee - high ranking first target area For personal use only Opportunity ✓Shallow: only ~100m- 150m deep ✓Close: only 300-400m to nearby open pit Planned RC infill ✓Multiple sources: only further 350-400m to East Trough Reference: see Appendix Slide 14 9
Slide 12: Foster Mine - 39,000 tonnes in JORC'12
Foster Mine - 39,000 tonnes in JORC’12 For personal use only 3 pathways to growth • Surface drilling • RC to 250-300m • DD for deeper X conceptual targets • +/- DHTEM • Historical drill core programme • Dewater and future mine re- entry and UG DD Reference: see Appendix Slide 14 10
Slide 13: Historical Drill Core Retrieval programme
Historical Drill Core Retrieval programme For personal use only Stds/blanks Access 350km inserted, density of core, check measured, logging, metallurgical duplicate characterisation, sample/assay Establish RPEEE criteria QAQC checks for reporting as per JORC 2012 requirements Cross reference with Hi
Slide 14: Nickel sulphides ~ charging up
Nickel sulphides ~ charging up..... For personal use only • US adds Nickel to its “Critical Minerals List” (8/11/21) • BHP sells ~80% of its nickel into the EV battery sector* • “Demand for nickel in batteries is estimated to grow by over 500 per cent over the next decade…”* • Nickel West has off-ta
Slide 15: Contact Us
Contact Us For personal use only Suite 5/11 Ventnor Avenue West Perth, WA 6005 PO Box 470 West Perth WA 6872 Tel: (08) 9226 0887 www.lunnonmetals.com.au Driller, Jack Lunnon (far right) overlooking Lake Lefroy from north side of Red Hill: with local and WMC dignitaries at site of KD1, discovery hole
Slide 16: Appendices – ASX announcements referenced
Appendices – ASX announcements referenced For personal use only Disclaimer References in this presentation are made to certain previous ASX announcements, which in turn may have included exploration results and Mineral Resources. For full details, please refer to the said announcement on the said da
Slide 17: Appendices – Mineral Resource Statement
Appendices For personal use only Mineral Resource Statement Foster Mine Indicated Inferred Total Cut-off Shoot Tonnes % Ni Ni metal Tonnes % Ni Ni metal Tonnes % Ni Ni metal (Ni %) 85H 1% 387,000 3.3 12,800 300,000 1.3 3,800 687,000 2.4 16,600 Foster 1% 223,000 4.7 10,500 116,000 4.8 5,500 340,000 4
Slide 18: Competent Persons Statement
Competent Persons Statement For personal use only Mineral Resources The information in this presentation that relates to geology, nickel mineralisation and Mineral Resources is based on and fairly represents information compiled and reviewed by Mr. Aaron Wehrle, who is a Member of the Australasian I