Zenith Minerals Limited · ASX:ZNC
Zenith Minerals — Investor Presentation (November 2021)
16 slides from Zenith Minerals's investor presentation, Nov 8, 2021
Slide 1: November 2021 Investor Presentation
8th November 2021 NOVEMBER 2021 INVESTOR PRESENTATION Zenith Minerals is pleased to provide an investor presentation on its core For personal use only projects as they are entering active drilling phase. CEO Michael Clifford will be presenting at the upcoming November conferences: Noosa Mining, 121
Slide 2: Zenith Minerals Limited (ASX:ZNC)
Zenith Minerals Limited (ASX:ZNC) Zenith has a vision to build a gold and base metals business with a team of proven project finders. Focus is on 100% owned Zenith projects, whilst partners progress multiple additional opportunities using third party funds. Zenith is continuing to focus on its core
Slide 3: Investor Presentation Nov 2021
INVESTOR P R E S E N TAT I O N For personal use only Nov 2021 12 drill rigs active over the period Sep-Dec21 * Assays for ~45,000m of drilling are awaited *Planned programs include Earaheedy JV – subject to variation due to COVID, results and equipment availability
Slide 4: Copper & Zinc
Copper & Zinc For personal use only EARAHEEDY ZINC (25% OWNED) DEVELIN CREEK COPPER-ZINC • Major discovery PROJECT (100% OWNED) • Drilling & metallurgy will • District scale VMS play be ongoing • 34m @ 3.5% Cu+Zn, incl • Well funded JV partner - 10m @ 6.0% Cu+Zn, and RTR $40m capital raise1 29m @ 3.
Slide 5: Gold
Gold For personal use only SPLIT ROCKS GOLD PROJECT RED MOUNTAIN GOLD PROJECT COWARRA GOLD PROJECT (100% OWNED) (100% OWNED) (INITIALLY EARNING 22.5%) High-grade near surface gold & Major gold option play seeking 3 km long target drill testing silver in Zenith’s maiden drill Fosterville style deposi
Slide 6: Corporate Structure
Corporate Structure Share Price Capital Structure ASX:ZNC For personal use only Source: Commsec.com.au Share Price (5 Nov 21) $0.24 Shares on Issue - ZNC fully paid ordinary 323.8M Market Capitalisation (5 Nov 21) $79M Cash (30 Sep 21) $6.2M Listed Equities incl. 3.88M RTR & 43.9M $8.3M BHL:LON Shar
Slide 7: Earaheedy Zinc JV
Earaheedy Zinc JV • Zenith 25% free carry to end Bankable Feasibility Study For personal use only • Shaping as a Tier 1 zinc – base metals discovery • 100% ZNC owned tenure covers 100km of prospective Chinook Discovery host sequence Granted Nov 21 Results refer to RTR ASX Release 19-Apr & 28-Apr-21,
Slide 8: Chinook – one of several Zn-Pb prospects under evaluation at Earaheedy
Chinook – one of several Zn – Pb prospects under evaluation at Earaheedy For personal use only • 4 drill rigs currently operating • Over 35,000 m of a 40,000 m drill program completed (¾ of all assays pending) • Appears to be a Tier 1 major SEDEX style zinc – base metals discovery • First Goal – Upp
Slide 9: Develin Creek Copper
Develin Creek Copper • 2 rigs drilling on VMS copper targets in central QLD Recent ZNC diamond drilling confirms high- grade core of the main deposit For personal use only • 50km of prospective strike • Building upon the current Sulphide City Inferred Mineral Resource 2.57Mt @1.76% Cu, 2.01% Zn, 0.2
Slide 10: Split Rocks Gold
Split Rocks Gold Multiple Drill Targets in Multi-Million Ounce District For personal use only • Very fertile proven gold province in Western Australia • Near surface low cost ounces are the target • ~150 aircore holes completed – assays awaited • RC & diamond drill programs planned & fully permitted
Slide 11: Red Mountain Gold
Red Mountain Gold For personal use only New Target in Core of Breccia Refer to ASX Release • Intersections include1: 16-Aug-21 for details • 13m @ 8.0 g/t Au & 3.2 g/t Ag • 15m @ 3.5 g/t Au, incl. 2m @ 22.4 g/t Au • 5m @ 10.4 g/t Au, and • 12m @ 4.9 g/t Au • High-grade gold shoot down to 200m vertic
Slide 12: Cowarra Gold
Ownership: Initial 16% – 22.5% Cowarra Gold Location: NSW Commodity: Gold Stage: Drilling • Investment into unlisted entity Oxley Resources For personal use only • Similar Age & Style to major Gold Deposits in Lachlan Orogen • >5km long target zone • Shear hosted, gold-arsenic association • Historic
Slide 13: Our Advanced Projects in the Lifecycle
Our Advanced Projects in the Lifecycle Risks Fluctuating commodity prices Funding risk Technical risk For personal use only HIGH Exploration risk VALUE $ Discovery Speculation Operating Mine Institutional / Strategic Junior Exploration Orphan Period Investment LOW VALUE Earaheedy 25% Zn & Pb Life Cy
Slide 14: Focus
Gold Copper For personal use only Zinc Focus Tier 1 Zinc Discovery ~12 rigs over 4 months1, ~45,000m of Aggressive assays pending Evaluation Western 2Cash + Australian investments and $14.3M Queensland Projects Aggressive exploration programs on 4 projects www.zenithminerals.com.au *Estimate only -
Slide 15: Investments Worth
I nve st me nt s Wo r t h ( $ 8 . 3 M ) 1 For personal use only 1Equity Values at 30-Sep-21 13
Slide 16: Disclaimer & JORC Statements
Disclaimer & JORC Statements Forward looking statements Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. Forward-looking statements include e
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