Ore Resources Limited · ASX:OR3
Ore Resources — NWM Conference (September 2021)
20 slides from Ore Resources's conference presentation, Sep 9, 2021
Slide 1: Chasing Nepean Deeps
CHASING NEPEAN DEEPS High-Grade Nickel Sulphides in Western Australia Corporate Presentation ASX:AOU | September 2021
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Auroch Minerals Ltd (Auroch or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presentation
Slide 3: We're committed to delivering 100kt contained nickel
Auroch (ASX:AOU) holds some of the most prospective nickel sulphide tenure in the We’re committed Norseman-Wiliuna Greenstone Belt to delivering 100kt Strategically positioned in a tier one jurisdiction, near infrastructure contained nickel and surrounded by world-class mining projects and processin
Slide 4: Corporate Summary
Corporate Summary ASX SHARE PRICE A$0.17 SHARES ON ISSUE 295 Million EXPERIENCED BOARD AND MANAGEMENT TEAM MARKET CAP A$50.1 Million TO EXECUTE AUROCH’S CORPORATE STRATEGY AVERAGE VOLUME 1.6 Million CASH A$2.6 Million DIRECTORS UNDERWRITTEN OPTION CASH A$1.6 Million PROCEEDS 10c OPTIONS (EXP 11/2021
Slide 5: Strategically Located Nickel Sulphide Portfolio
Strategically Located Nickel Sulphide Portfolio In a Globally Significant Location… Located in the Norseman-Wiluna Greenstone Belt ✓ Home to some of the best nickel sulphide deposits globally (Leinster, Mt Keith, Kambalda, Widgiemooltha) Excellent infrastructure ✓ Easy access ✓ 5 processing plants w
Slide 6: Portfolio Snapshot
Portfolio Snapshot NEPEAN LEINSTER SAINTS SOUTH AUSTRALIA COMMODITY NICKEL NICKEL NICKEL COPPER & ZINC LOCATION Coolgardie, WA Leinster, WA North Kalgoorlie, WA Lake Torrens, SA 80% 100%; 70% 100%; 90% OWNERSHIP 100% (JV with Lodestar Resources) (JV with Jindalee Resources) (JV with Resource Holding
Slide 7: Nepean Nickel Project
Nepean Nickel Project HIGH-GRADE NICKEL SULPHIDE MINE WITH HISTORIC RESOURCES AND HUGE EXPLORATION POTENTIAL The Nepean nickel mine produced > 32kt Ni at av. recovered grade of ~ 3% Ni Huge potential to build a significant high-grade Ni sulphide inventory via 3 focus areas: • Nepean Deeps: potential
Slide 8: Nepean Nickel Project
Nepean Nickel Project NEPEAN DEEPS TARGET… ANOTHER FLYING FOX? • The historic Nepean Ni sulphide mine is constrained at depth by a pegmatite vein: analogous to Western Area’s (ASX:WSA) Flying Fox nickel mine and the subsequent discovery of Spotted Quoll along strike • Nepean is <500m deep and produc
Slide 9: Nepean Nickel Project
Nepean Nickel Project NEPEAN DEEPS TARGET – MAJOR HIGH-IMPACT DIAMOND DRILL PROGRAMME UNDERWAY ACTIVITY 3,000m diamond drill programme underway: • First hole NPDD008 currently at ~650m depth • Slow controlled drilling to ensure holes reach targets First 2 holes primarily platforms for geophysical te
Slide 10: Nepean Nickel Project
Nepean Nickel Project HIGH-GRADE NICKEL SULPHIDE MINE WITH HISTORIC RESOURCES & NEAR-MINE EXPLORATION POTENTIAL ACTIVITY 15 RC drill-holes (1,073m) and 1 diamond drill-hole (78m) completed: • Results extend strike of shallow high-grade Ni sulphides: • 8m @ 4.30% Ni & 0.37% Cu from 35m, incl 2m @ 6.8
Slide 11: Nepean Nickel Project
Nepean Nickel Project GREENFIELDS POTENTIAL FOR NEW DISCOVERIES >10km UNDEREXPLORED STRIKE A further 36 RC drill-holes (5,862m) and 2 diamond drill- holes (651m) of exploration drilling completed over aeromagnetic targets along the >10km of prospective strike to the north and south: • Confirmed fert
Slide 12: Leinster Nickel Project
Leinster Nickel Project KNOWN HIGH-GRADE NICKEL SULPHIDE MINERALISATION WITH GREAT EXPLORATION POTENTIAL The Horn: Thick high-grade massive Ni-Cu sulphides at shallow depths for over 500m of strike: • 14.66m @ 2.19% Ni & 0.48% Cu from 132.6m • 7.30m @ 2.20% Ni & 0.53% Cu from 143.0m Huge exploration
Slide 13: Saints Nickel Project
Saints Nickel Project HIGH-GRADE NICKEL SULPHIDE RESOURCE WITH MAIN FEEDER CHANNEL STILL TO BE DISCOVERED High-grade JORC (2012) -compliant resource provides clear pathway to development and mining as Ni price increases: 1.05Mt @ 2.0% Ni & 0.2% Cu for 21.4kt Ni & 1.6kt Cu Main lava channel position(
Slide 14: Arden Zinc-Copper Project
Arden Zinc-Copper Project HIGH-GRADE ZINC & COPPER MINERALISATION WITH HIGH-PRIORITY DRILL TARGET • Ragless Range Zn Target: drilling identified high-grade mineralisation: • 12.80m @ 5.0% Zn from 53m, incl 3.65m @ 15.5% Zn from 62.15m (RRDD007) • Strong gravity anomaly coincident with surface Zn ano
Slide 15: Looking Ahead: Key Milestones
Looking Ahead: Key Milestones 1. NEPEAN DEEPS MAIDEN DRILL PROGRAMME – this high-impact September October November December drilling exploring for possible extensions to the high-grade Ni-S mineralisation below historic mine workings is the main focus of the RC & DD Drilling 3,000m 500m NEPEAN DEEPS
Slide 16: Why Nickel, Why Auroch?
Why Nickel, Why Auroch? AUROCH LEVERAGED TO CLASS 1 NICKEL DEMAND Refined Nickel Supply Capacity & Demand (By Class of Nickel, Kt Estimate, McKinsey, Sept 2020) Nickel price is and climbing >US$19,500/t With current trends, • Global stainless steel demand projected to increase by Class 1 nickel is e
Slide 17: Nickel is Critical For The World's Clean Energy Technologies
Nickel is Critical For The World’s Clean Energy Technologies PEDAL TO THE METAL METALS AND MINERALS DEMAND FROM LITHIUM-ION BATTERIES Nickel Demand 2021 vs 2030 5.2x In 2012 less than 50,000 EV’s sold, this year global sales are expected to exceed 2 million, by 2030 20-25 million EV’s sold per year
Slide 18: Our Sustainability Plan
Our Sustainability Plan ENVIRONMENT, SUSTAINABILITY AND GOVERNANCE CENTRAL TO AUROCH’S CORE STRATEGY OUR SUSTAINABILITY PILLARS • Published maiden Sustainability Plan in July which highlights the Company’s vision and priorities to support a sustainable business • Our plan and pillared strategy are a
Slide 19: Contact
ASX:AOU | CORPORATE PRESENTATION | SEPTEMBER 2021 CONTACT Mr Aidan Platel Managing Director E: aplatel@aurochminerals.com M: +61 400 190 005 Suite 10 38 Colin Street West Perth WA 6005 T: +61 8 6383 7817 F: +61 8 6245 9853
Slide 20: Appendix: Schematic cross section of Kambalda-style nickel sulphide deposit
APPENDIX: Schematic cross section of Kambalda-style nickel sulphide deposit *Basal channel massive sulphides are thickest and highest-grade sulphides in Kambalda-style system: main targets to significantly increase existing resource 20 WWW.AUROCHMINERALS.COM