Western Ridge Resources Limited · ASX:WRX
Western Ridge Resources — Summit Minerals — Investor Presentation (November 2023)
21 slides from Western Ridge Resources's investor presentation, November 2023
Slide 1: Developing Battery Mineral Projects for a Decarbonised Future
DEVELOPING BATTERY MINERAL PROJECTS FOR A DECARBONISED FUTURE INVESTOR PRESENTATION November 2023 ASX:SUM
Slide 2: Disclaimer & Forward Looking Statements
DISCLAIMER & FORWARD LOOKING STATEMENTS This presentation contains summary information about Summit Minerals Ltd (SUM or the Company). No distribution in the US: This presentation is not an offer of securities for sale in the United States. Any securities to be issued by the Company have not been an
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Strategic battery mineral projects across multiple battery metals and critical commodities: • Castor Lithium Project – James Bay, Quebec, Canada • Phillips River Lithium Project, Ravensthorpe, WA • Stallion REE Project – Ponton River, Western Australia • Ahmed Antimony Project
Slide 4: Summit Snapshot
SUMMIT SNAPSHOT About Summit Summit Minerals Ltd (ASX: SUM) is an ASX-listed mineral Lithium Antimony Copper exploration company driving shareholder value by exploring for highly prospective battery minerals – Lithium, Copper, Rare Earth Elements and Antimony. Rare Earth Elements Capital Structure A
Slide 5: Countries Globally Support Critical Commodities
COUNTRIES GLOBALLY SUPPORT CRITICAL COMMODITIES United States – Inflation Reduction Act US$400b committed to reducing climate change including securing supply chains for battery metals1 Canada – Critical Minerals Strategy Increase supply of critical minerals prioritised with 6 commodities including
Slide 6: High Importance to Clean Energy Technologies
HIGH IMPORTANCE TO CLEAN ENERGY TECHNOLOGIES Source: International Energy Agency 6
Slide 7: Castor Lithium Project, James Bay, Quebec
CASTOR LITHIUM PROJECT JAMES BAY, QUEBEC, CANDA Project Highlights Summit acquired 80% of the Castor Lithium Project in September 2023 Located in northern Yasinski Lake Greenstone Belt, in James Bay, a world-class lithium-pegmatite district hosting significant projects, including Q2 Metals’ (TSX-V:
Slide 8: Castor Lithium Project, James Bay, Quebec
CASTOR LITHIUM PROJECT JAMES BAY, QUEBEC, CANDA 8
Slide 9: A Prolific Lithium District
CASTOR LITHIUM PROJECT JAMES BAY, QUEBEC, CANDA A Prolific Lithium District • The Castor Lithium Project is located in the northern portion of the Yasinski Lake Greenstone Belt, also hosting: • Q2 Metals’ (TSX-V: QTWO) Mia Lithium Project - Up to 4.37% Li2O(1) • Ophir Gold’s (TSX-V: OPHR) Radis Lith
Slide 10: North American Lithium Supply Chain
NORTH AMERICAN LITHIUM SUPPLY CHAIN 10
Slide 11: Phillips River Lithium Project, Ravensthorpe, WA
PHILLIPS RIVER LITHUIM PROJECT RAVENSTHORPE, WA Project Highlights Strategically located ~2.5km East of Bulletin Resources’ (ASX:BNR) Phillips River South project with numerous rock chip results exceeding exceeding 2% Li2O(1,2) High-resolution aeromagnetic survey completed in early 2023 Progressing
Slide 12: Stallion Rare Earths (REE) Project, Ponton River, WA
STALLION RARE EARTHS (REE) PROJECT PONTON RIVER, WA Project Highlights Phase 2 exploration drilling completed at Stallion REE Project comprising 14 RC holes for 820m of infill and extension drilling Historic assays confirm up to 2,666ppm pREO (Partial Rare Earth Oxides - CeO2 , La2O3 , Sc2O3 , Y2O3)
Slide 13: Stallion REE Project Phase 1 Drilling
STALLION RARE EARTHS (REE) PROJECT PHASE 1 DRILLING Exceptional Drill Results • Best intercepts from the Phase 1 Drilling include: • STRC014: 23m @ 2,162.45 ppm TREO from 24m • STRC012: 15m @ 3,088.84 ppm TREO from 39m • STRC011: 17m @ 3,783.4 ppm TREO from 61m inc. 1m @ 1.52% TREO from 73m • Outlin
Slide 14: Stallion REE Project Phase 2 Drilling
STALLION RARE EARTHS (REE) PROJECT PHASE 2 DRILLING Building on Phase 1 Results • Best intercepts from the Phase 2 Drilling include: • STR023: 9m at 1664.12 ppm TREO from 58m • STRC017: 34m at 1021.8 ppm TREO from 37m • STRC019: 31m at 1298.37 ppm TREO from 63m Future Work • Maiden Mineral Resource
Slide 15: Stallion Rare Earths (REE) Setting
STALLION RARE EARTHS (REE) SETTING Summit Drilling Key REE Groupings - Stallion MHC Drilling <500 PREO 1.32% MHC Drilling >500 PREO 12.01% SUM S 23.63% 63.04% Target window CeLa NdPr DyTb Other 15
Slide 16: Ahmed Antimony Project, Morocco
AHMED ANTIMONY PROJECT MOROCCO Project Highlights 6 exploration licenses covering 79km2 in central Morocco Recent results include 61.9%, 44.5%, and 39.4% Sb from rock chip samples, confirming prospectivity and providing immediate drill targets Geological mapping & rock chip sampling completed, ident
Slide 17: Ahmed Antimony Project, Morocco
AHMED ANTIMONY PROJECT MOROCCO Ahmed Project - Research licenses on geology Ahmed Project – Project Location Map 17
Slide 18: Ahmed Antimony Project, Morocco
AHMED ANTIMONY PROJECT MOROCCO Outcropping gossan featuring malachite Intrusive syenite plug and azurite 18
Slide 19: Board & Management
BOARD & MANAGEMENT Peretz Schapiro - Non-Executive Chairman • Highly respected and experienced mining executive and a certified CPA with over 20 years’ Sector experience. • Masters degree in Applied Finance and strong global investor network • Understands the fundamental parameters, strategic driver
Slide 20: For Further Information
FOR FURTHER INFORMATION Gower He Chief Executive Officer info@summitminerals.com.au +61 8 9426 0666 Chloe Hayes Investor & Media Relations chloe@janemorganmanagement.com.au +61 458 619 317 20
Slide 21: Appendix: Antimony – A Disruptive Battery Metal
APPENDIX ANTIMONY – A DISRUPTIVE BATTERY METAL The Anode of the Future • Antimony is a a liquid metal battery that can be used as the cathode in batteries • Affordable grid-scale storage systems for solar and wind - can rebalance unbalanced passive energy systems • Less than one-third the cost of th
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