Polarx Ltd · ASX:PXX
Polarx — Investor Presentation (October 2022)
28 slides from Polarx's investor presentation, Oct 28, 2022
Slide 1: Copper & Gold - USA: Advanced High-grade Discoveries in Nevada and Alaska
For personal use only Copper & Gold - USA Advanced High-grade Discoveries in Nevada and Alaska 28 October 2022 ASX: PXX www.polarx.com.au 1
Slide 2: Project Overview
Project Overview For personal use only Humboldt Range (Nevada) Bonanza grades: 9.1m @ 124g/t Au + 49g/t Ag in drilling at Star Canyon Tier 1 fiscal and geological jurisdiction Alaska Range GREENLAND Lies between the 5Moz Florida Canyon Gold Mine, and the 400Moz Rochester Silver mine (which als
Slide 3: Strong News Flow in 2022 - 2023
Strong News Flow in 2022 - 2023 For personal use only Activity Q3 2022 Q4 2022 Q1 2023 Q2 2023 Zackly Gold Metallurgical test work Alaska Range Drilling & Assays Caribou Dome and Zackly joint scoping study Discussions with potential porphyry copper JV partners Assays for Golden Staircase Humboldt Ra
Slide 4: Strong management backed by strong investors
Strong management backed by strong investors For personal use only KEY EXECUTIVES AND MANAGEMENT: MKT CAP: A$8.1M Mr. Mark Bojanjac (Executive Chairman) is a Chartered Accountant with >25 years experience in the resource sector. Has led many successful mining CASH (30 Sept 2022): ~A$0.8M development
Slide 5: Nevada - Humboldt Range: high-grade Gold/Silver
Nevada - Humboldt Range: high-grade Gold/Silver For personal use only Project Highlights USA’s Best mining jurisdiction Close to active multi million-ounce gold and silver mines Star Canyon 2 claim blocks: Black Canyon and Fourth of July Very high grades of Au and Ag in drilling, outcrop and
Slide 6: Humboldt Range: Black Canyon Claims
Humboldt Range: Black Canyon Claims For personal use only Star Canyon 9.1m @ 124.36 g/t Au, 48.6 g/t Ag Claims owned by same family since 1950 Limited exploration since mining ceased in 1927 High-grade assays from previous rock-chip sampling of outcropping veins and grab sampling from the dump
Slide 7: Black Canyon - Scale and Proximity to a 5Moz operating gold mine
Black Canyon - Scale and Proximity to a 5Moz operating gold mine For personal use only 5M oz Florida Canyon Gold Mine 7
Slide 8: Star Canyon Channel Samples = surface mine grades
Star Canyon Channel Samples = surface mine grades For personal use only BC22-005: 9.1m @ 124.36 g/t Au, 48.6 g/t Ag 8
Slide 9: Spectacular first drilling = Bonanza veins AND Carlin-style
Spectacular first drilling = Bonanza veins AND Carlin-style For personal use only Bonanza grades in quartz veins seen in BC22-005 9.1m @ 124g/t Au + 49g/t Ag Immediately overlies 73.2m @ 0.3g/t Au + 1.2g/t Ag The lower grade mineralisation is in Carlin-style silicified limestones with sulphi
Slide 10: 200m spaced drilling demonstrates Scale and Grade
200m spaced drilling demonstrates Scale and Grade For personal use only 10
Slide 11: Star Canyon Numerous Vein Systems – Never Drilled
Star Canyon Numerous Vein Systems – Never Drilled For personal use only Veins have been projected sub-surface from BC22-005: 9.1m @ 124.36 g/t Au, 48.6 g/t Ag surface mapping and drill hole intercepts Recent RC drilling intercepted bonanza Au Eight thick vein sets have been mapped at grades drilling
Slide 12: Soil sampling highlights scale of opportunity
Soil sampling highlights scale of opportunity For personal use only Detailed soil sampling outlined a 3km long gold anomaly Contains outcropping high grade veins such as the Monster Vein system Also contains the Star Canyon area where Carlin-style mineralisation outcrops Wide spaced RC drill
Slide 13: Numerous Other Vein Systems – Never Drilled
Numerous Other Vein Systems – Never Drilled For personal use only Ridgeline anomaly veins above Star Canyon The Golden Staircase veins 69m @ 1.10 g/t Au, 7.65 g/t Ag (channel) 13
Slide 14: Humboldt Range: Fourth of July Claims
Humboldt Range: Fourth of July Claims For personal use only Metal zonation from silver-rich veins with strong gold credits at southern part of Fourth of July (closest to the Rochester silver mine) to gold-rich veins in Black Canyon (close to Florida Canyon gold mine) Individual veins up to 700m
Slide 15: Fourth of July +3km long Silver/Gold Target
Fourth of July +3km long Silver/Gold Target For personal use only 15
Slide 16: Fourth of July Claims – very strong Silver/Gold anomalism
Fourth of July Claims – very strong Silver/Gold anomalism For personal use only Silver Gold 16
Slide 17: Alaska: USA's Mineral Frontier
Alaska: USA’s Mineral Frontier For personal use only TIER 1 Geology: One of the world’s great mineral provinces: Over 40Moz Au mined to date More than 200Moz Au under development/feasibility study In the world’s most productive copper belt, >50Mt Cu in feasibility/permitting stage World’s
Slide 18: Alaska Range Projects – Overview
Alaska Range Projects – Overview For personal use only Large land-holding (all State Mining Claims) covering ~261km2 Stellar Property 100% owned and includes Zackly Au-Cu skarn and numerous porphyry Cu-Au targets Zackly deposit is high grade (3.4Mt @ 1.2% Cu JORC) and open at depth and along sev
Slide 19: Positive Scoping Study combining Caribou Dome & Zackly
Positive Scoping Study combining Caribou Dome & Zackly For personal use only Metric Result USD Result AUD ($0.70) Comment Revenue $812 M $1,160 M • Key assumptions and results of the study include: Total EBITDA $322 M $460 M C1 cash costs $1.89 /lb $2.70 /lb Cash costs with Au and Ag credits Operati
Slide 20: Massive copper sulphides at Caribou Dome
For personal use only Massive copper sulphides at Caribou Dome 20
Slide 21: Caribou Dome: Very high-grade surface copper
Caribou Dome: Very high-grade surface copper For personal use only 2.8Mt at 3.1% copper (0.5% lower-cut) for 86,000t of contained Copper (JORC 2012) 60% in the top 150m including 935,000t @ 4.4% Drill intersections over >800m strike-length Open in all directions Many un-tested 3D-IP and so
Slide 22: High-grade Copper/Gold Zackly deposit
High-grade Copper/Gold Zackly deposit For personal use only Zackly is a 5km long skarn system with high-grade gold, copper and silver from surface and open to at least ~400m depth Zackly Main Skarn hosts 3.4Mt averaging 2.0g/t Au + 1.2% Cu + 14.0g/t Ag JORC inferred resources over the western en
Slide 23: Stellar: Zackly has 5km of potential mineralized strike
Stellar: Zackly has 5km of potential mineralized strike For personal use only Zackly Main deposit is 1km long and occurs along a structure with a strong magnetic gradient Mineralisation now confirmed over >800m at Zackly East, taking total mineralised strike-length to 2.5km (Zackly Main + Zackly
Slide 24: Porphyry Copper/Gold Potential
Porphyry Copper/Gold Potential For personal use only Broad spaced (500m) soil sampling shows two highly significant copper anomalies, both >250ppm, up to 11km x 6km in size MARS (Porphyry, skarn) 2km x 1.5km soil anomaly with visible copper oxides at surface, up to 3,510ppm Cu and 1.1g/t Au in s
Slide 25: Stellar Property: Mars porphyry Cu-Au discovery
Stellar Property: Mars porphyry Cu-Au discovery For personal use only Porphyry Cu-Au discovered in first (and only) drill hole 19MAR001: 102m @ 0.22% Cu + 0.1g/t Au below a 1200m x 800m Cu-Au-As-Mo soil anomaly Associated with porphyry B-Veins in potassic alteration (anhydrite and biotite), hole
Slide 26: Cautionary Statements
Cautionary Statements For personal use only This presentation has been prepared by PolarX Limited (“PolarX”) to assist in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in PolarX or as
Slide 27: Highlights
Highlights For personal use only Tier 1 copper, gold and silver assets Alaska and Nevada = within world’s top 5 mining exploration and investment precincts Top 40 shareholders own 60% of PolarX - including management Scoping study to assess combining Zackly and Caribou Dome Follow up drill
Slide 28: Link to Website & Presentations
Link to Website & Presentations For personal use only www.polarx.com.au