Enterprise Metals Limited · ASX:ENT

Enterprise Metals — Shareholder Meeting (November 2012)

33 slides from Enterprise Metals's shareholder meeting presentation, Nov 28, 2012

  1. Slide 1: Post AGM Shareholder Briefing

    Enterprise Metals Limited Enterprise Metals Limited Post AGM Shareholder Briefing 28 November 2012

  2. Slide 2: Disclaimer

    = Enterprise Metals Limited Disclaimer This document has been prepared by Enterprise Metals Ltd (“Enterprise” or “the Company”) to provide an update on the Company’s Uranium Projects to investors and potential new shareholders. This presentation should be read in conjunction with other public announ

  3. Slide 3: At a glance

    Enterprise Metals Limited At a glance: Issued Capital 213.22 million shares Share price $0.17 (at open 28 Nov 2012) Market Capitalisation $36.2 million Cash at bank $8.42 million @ 30 Sep 2012 ________________________ _______________________________ Listed & Unlisted Options 60.2 million @ 25 cents

  4. Slide 4: Existing Structure

    — CG AP ee ty pr Fe ae ; Enterprise EXISTING SRUCTURE.. <) S? he) 7 ENTERPRISE METALS LTD ENTERPRISE ENTERPRISE ENTERPRISE IRON PTY LTD GOLD PTY LTD EXPLORATION PTY LTD

  5. Slide 5: Issued Capital

    Enterprise Metals Limited Issued Capital ENT 213.22 million ENT shares Distribution ENU 1:5 New shares (42.6m ENU) (~60%) New investors (min 150) $0.4m min (2m ENU) $1.4m max (7m ENU) Cornerstone Investors ~$2.0m (10m ENU) ENT Investment ~$2.7m (13.5m ENU) (~18%) TOTAL ENU $5-6m cash 68 -73m shares

  6. Slide 6: Directors

    DIRECTORS Enterprise Metals Limited Dr. Jingbin Wang BSc, MSc, PhD - Chairman (Non-Executive)  Geologist with 26 years multi-commodity, multi-national experience Dermot Ryan BApSc (Geo), FAusIMM, CP (Geo) - Managing Director  Geologist with 35 years multi-commodity experience Anna Mao MBA - Direct

  7. Slide 7: Project Locations

    Project Locations Enterprise Metals Limited Gold & Base Metals  Doolgunna (Cu/Au)  Fraser Range (Ni/Cu, Au)  Darlot (Au, Cu/Zn)  Wattagee (Au, Cu/Zn)  Burracoppin (Au,Ni/Cu/PGE) Iron Ore  Earaheedy  Sylvania  Booylgoo  Burracoppin

  8. Slide 8: Gold & Base Metals Strategy

    GOLD & BASE METALS STRATEGY Enterprise Metals Limited GOLD Explore Archaean greenstone belts for oxide & high grade primary ore, within trucking distance of mills. (Darlot, Yalgoo, Burracoppin) COPPER/GOLD (ZINC) Explore prospective Proterozoic Volcanics and Sediments near De Grussa (VMS and sedimen

  9. Slide 9: Doolgunna Project – The Model

    Doolgunna Project – The Model Enterprise Metals Limited Sandfire Resources NL - DeGrussa Mine  11.91 Mt @ 5.3% Cu, 1.8g/t Au, 15g/t Ag  652,000 t copper; 742,000 oz gold; 5.1m oz silver  Plan Revenue: $4.2B  Cashflow (pre-tax): $2.4B “With the discovery of these four VMS lenses at DeGrussa, Sand

  10. Slide 10: Doolgunna Project

    DOOLGUNNA PROJECT Enterprise Metals Limited 2012: Aircore drilling for oxide Au/Cu “blankets” along Vulcan & Goodin Fault trends. 385 holes/23,190m Substantial soil sampling programs. 2013 Plan: RC drilling at Vulcan & Goodin Fault prospects following up Aircore results. Regional Aircore drillin

  11. Slide 11: Doolgunna Project

    DOOLGUNNA PROJECT Enterprise Metals Limited Aircore drilling for oxide Au/Cu “blankets” along Vulcan trend. 2012 Drilling Results DNAC133 15m @ 2.03 g/t Au from 35m incl. 7m @ 3.66 g/t Au from 42m & 14m @ 1.01 g/t Au from 54m DNAC136 6m @ 4.85 g/t Au from 49m incl. 1m @ 19.0 g/t Au from 49m DNAC16

  12. Slide 12: Doolgunna Project

    DOOLGUNNA PROJECT Enterprise Metals Limited Aircore drilling for oxide Au/Cu “blankets” along Vulcan trend. 2012 Drilling Results DNAC133 15m @ 2.03 g/t Au from 35m incl. 7m @ 3.66 g/t Au from 42m & 14m @ 1.01 g/t Au from 54m DNAC136 6m @ 4.85 g/t Au from 49m incl. 1m @ 19.0 g/t Au from 49m DNAC16

  13. Slide 13: Doolgunna Project

    DOOLGUNNA PROJECT Enterprise Metals Limited Aircore drilling for oxide Au/Cu “blankets” along Goodin Fault zone. 2012 Drilling Results DNAC066 4m @ 12.30g/t Au from 72m DNAC311 4m @ 19.50g/t Au from 20m DNAC305 4m @ 2.99g/t Au from 60m DNAC281 4m @ 1.11g/t Au from 56m Oxide gold intersections lie

  14. Slide 14: Doolgunna Project

    Doolgunna Project Enterprise Metals Limited 2013: Regional Program Sediment Hosted Cu(Zn) targets  “Doolgunna Graben” concept.  Potential for “Isa” or “Zambian” style massive sulphides along Southern Boundary Fault (SBF ~80km).  Expect deep oxidation(~60-80m) & extensive secondary Cu blankets ove

  15. Slide 15: Fraser Range Project – Ni/Cu Model

    Fraser Range Project – Ni/Cu Model Enterprise Metals Limited Sirius Resources NL – Nova discovery Soil sampling at 800m x 400m Infill soil sampling Scout RC drilling DC drilling EM survey RC discovery hole SFR024 4m 2 3.8% Ni, 1.4% Cu from 191m Further RC & DC drilling IP surveys

  16. Slide 16: Fraser Range Project

    Fraser Range Project Enterprise Metals Limited Targets: Proterozoic Ni/Cu deposits Orogenic Au deposits 2012:  Regional soil sampling completed. (800m x 400m)  1,744 calcrete samples  1,853 soil samples

  17. Slide 17: Fraser Range Project

    Fraser Range Project Enterprise Metals Limited 2012 Program Nova Soil sampling at 800m x 400m Plato, EH1,2,3 & McPhersons prospects identified Infill soils 200m x 100m Plato soil results outstanding Co-incident magnetic anomaly Intrusive ultramafic body(?) Plato IP survey in progress 2013 Pro

  18. Slide 18: Darlot Project

    Darlot Project Enterprise Metals Limited Historic Gold drilling results on magnetics Targets: Archaean Orogenic Au deposit & VMS Cu/Zn deposits  Excellent gold/base metal targets based on previous RAB drilling & structural interpretation.  Favourable stratigraphy, under- drilled.  Hungry mill at

  19. Slide 19: Darlot Project

    Darlot Project Enterprise Metals Limited Au Mineralised OT Shear Zone Targets: Archaean Orogenic Au deposit  Excellent gold/base metal targets based on previous RAB drilling & structural interpretation.  Favourable stratigraphy, under- drilled.  Hungry mill at Bronzewing.  2012 Review identifies

  20. Slide 20: Darlot North

    Darlot North Enterprise Metals Limited 2012:  14 RC holes (2,333m)  36 AC holes (1,744m) Hole From To Int Au g/t WFRC001 57 58 1 1.65 WFRC002 74 76 2 1.44 WFRC002 99 100 1 1.39 WFRC003 63 65 2 0.95 WFRC003 78 79 1 1.57 WFRC003 94 95 1 1.23 WFRC003 99 103 4 1.42 WFRC004 46 48 2 1.23 WFRC004 52 53 1

  21. Slide 21: Darlot South

    Darlot South Enterprise Metals Limited Target: ArchaeanVMS Cu/Zn deposits Felsic volcanics hosting Jaguar and Bentley, present in ENT tenements. Area drilled for gold 1980 -1990’s. 2011/2012: Existing drill hole spoil re-sampled for base metals (inc Cd) and alteration minerals associated with expe

  22. Slide 22: Massive hematite & goethite outcrop, Sylvania Project

    Enterprise Metals Limited Massive hematite & goethite outcrop, Sylvania Project

  23. Slide 23: Earaheedy Project

    Earaheedy Project Enterprise Metals Limited Targets: Channel Iron (CID) & Detrital Iron (DID) deposits (eg Koodaideri like)  Proterozoic Bif’s in Earaheedy/Nabberu Basin. 600sq km, granted April 2011.  “Magnetic channels” - 400m line spaced magnetics suggest CID/DID’s present.  2011: 100m line sp

  24. Slide 24: Earaheedy Project

    Earaheedy Project Enterprise Metals Limited 2012 Plan: RC drilling Detailed Airborne Magnetic Survey Image

  25. Slide 25: Sylvania Project

    Sylvania Project Enterprise Metals Limited Targets: 1. Proterozoic hematite, “Hamersley style.” 2. Channel Iron (CID) or Detrital Iron (DID) on Fortescue River Fault. 2012: POW approved. 2 Heritage surveys completed. 2013: RC drill test of CID/DID and hematite targets.

  26. Slide 26: Enterprise Metals Limited

    yj — _ ; % ga4 2 “ * ; Enterprise Burraco Sai)! lac RS gS aes ‘9000024 Koolyanobbing Fe el. Edna May Au y > Heavy duty standard gauge railway, water, power, other services. > Deepwater ports at Kwinana and Esperance.

  27. Slide 27: Westonia greenstone belt

    Enterprise Metals Limited  50km strike of Archaean “Westonia” greenstone belt (Fe, Au potential)  Some scattered outcrops of Bif and goethite and some hematite scree.  Same rocks as host Edna May goldmine. (100,000pa gold producer)  Flat, deeply weathered, little outcrop, “farmers wheat paddocks

  28. Slide 28: Aeromagnetic surveys

    Enterprise Metals Limited  100m line spaced aeromagnetic surveys flown by Enterprise.  10’s km of linear magnetic anomalism defined, some associated with subcropping & mapped Bif.  Magnetic lows may represent deep weathering & hematite.  Gold potential at Burgess Find.  Ni,Cu,PGE potential in m

  29. Slide 29: Burgess Find Gold Target

    Enterprise Metals Limited Burgess Find Gold Target  High grade gold in veins at sheared contact between mafic/ultramafic unit to west and gneiss to east.  Soil sampling indicates gold anomalism over 2km of strike.  Soil sampling not completed due to transported cover. (RAB/aircore drilling 2012)

  30. Slide 30: 2012 RC Holes

    Enterprise Metals Limited 2012:  10 RC Holes (1,362m)  Spring Well 4 holes - Fe magnetic mafic gneiss  Burgess Find 6 holes – Au BURC033 1m @ 10.50g/t Au from 54m BURC033 9m @ 0.56g/t Au from 70m BURC034 1m @ 4.96g/t Au from 72m BURC038 3m @ 3.16g/t Au from 25m BURC039 6m @ 1.65g/t Au from 102m

  31. Slide 31: 2012 magnetic/radiometric survey and RC drilling

    Enterprise Metals Limited 2012:  Detailed ENT magnetic/radiometric survey.  28km strike magnetic Bif.  Limited rockchip sampling : grades 25 - 62%Fe.  30 RC holes (2,076m) - seven traverses  Goethite/hematite capping limited in depth extent

  32. Slide 32: Iron drill results

    Enterprise Metals Limited 2012: Hole_ID From To Int Fe % SiO2 % Al2O3 % P% LOI % BGRC001 31 47 16 36.1 42.9 1.6 0.034 3.20 BGRC003 0 11 11 37.4 25.5 10.8 0.027 8.84 BGRC009 0 38 38 35.3 34.8 7.1 0.048 6.09 BGRC014 0 42 42 41.0 32.5 3.8 0.061 4.59 Incl 0 28 28 45.2 24.1 4.8 0.072 5.88 BGRC015 14 20 6

  33. Slide 33: Reporting of Exploration Results

    Reporting of Exploration Results Enterprise Metals Limited The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dermot Ryan, a Fellow of the Australasian Institute of Mining & Metallurgy. Mr Ryan is an employe

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