Eagle Mountain Mining Ltd. · ASX:EM2
Eagle Mountain Mining — Broker Briefing Mining & Resources Digital Investor Event 2020
27 slides from Eagle Mountain Mining's conference presentation, Oct 19, 2020
Slide 1: ASX Announcement: Broker Briefing Mining & Resources Presentation
ASX Announcement |19 October 2020 Broker Briefing Mining & Resources Presentation For personal use only Eagle Mountain Mining Limited (ASX:EM2) (“Eagle Mountain”, the “Company”) is pleased to attach an Investor Update that the Company will present as part of the Broker Briefing Mining Resources Digi
Slide 2: Oracle Ridge - Revival of a high-grade copper mine
For personal use only Oracle Ridge - Revival of a high-grade copper mine ASX : EM2 | Broker Briefing Mining & Resources Event | October 2020
Slide 3: Investment summary
Investment summary High-grade copper resources with significant For personal use only gold and silver Significant exploration potential Existing infrastructure Location – Tier 1 mining jurisdiction with major copper mines Proven board and management team including Mr Charles Bass as Managi
Slide 4: Oracle Ridge Strategy
Oracle Ridge Strategy For personal use only Aim – Eagle Mountain aims to become a low-cost producer at the Oracle Ridge Copper Project Exploration Strategy to grow the Resource base: 1. Incremental expansion of existing MRE • Focus higher grade zones 2. Depth potential at Oracle Ridge 3. Other prosp
Slide 5: Oracle Ridge - drilling program update
Oracle Ridge - drilling program update • Six drill holes completed and four logged in For personal use only initial drilling campaign • Mineralisation observed in majority of drill holes suggesting potential for resource base to be expanded • 8.4m of massive to semi-massive, mineralised magnetite sk
Slide 6: Drilling program update – drilled and planned holes
Oracle Ridge - drilling program Update – drilled and planned holes For personal use only • Initial diamond drilling program targeting zones prospective for high grade. • Previous drilling intercepts* include: • 7.7m @ 5.11% Cu, 0.72g/t Au, 55.8g/t Ag • 7.6m @ 4.63% Cu, 0.74g/t Au, 43.06g/t Ag • 9.1m
Slide 7: Growth strategy – recently staked ground near Oracle Ridge
Oracle Ridge - Growth strategy – recently staked ground near oracle ridge For personal use only OREX – Oracle Ridge Extension • Adjacent to Oracle Ridge and similar geology • Prospective for additional skarn- hosted Cu-Ag-Au mineralisation Strong geophysical below and within the anomalies Leatherwoo
Slide 8: Growth strategy - OREX
Oracle Ridge - Growth strategy - OREX • Magnetic anomalies For personal use only 9.15% Cu, 192 g/t Ag • Skarn-hosted Cu-Ag-Au mineralisation and 0.15g/t Au - Dump potential in sediments below the Leatherwood intrusive • Cu-Ag-Au mineralisation potential in structures within the Leatherwood • Field o
Slide 9: An Emerging Copper Company
AN EMERGING COPPER COMPANY Eagle Mountain holds two complementary copper projects located in Arizona, a tier-one Silver Mountain For personal use only mining jurisdiction • Clear corporate focus on copper - strong leverage to strengthening fundamentals • Experienced Board and management team with sk
Slide 10: Exposure to strengthening copper fundamentals
EXPOSURE TO STRENGTHENING COPPER FUNDAMENTALS For personal use only • Growing demand forecast Avg Global UG Mined • Increasing demand for less carbon intensive technologies grade <1.1% Cu • On average, renewable energy systems require 5x more copper vs conventional power generation • Electric vehicl
Slide 11: Oracle Ridge Copper Mine - Overview
ORACLE RIDGE COPPER MINE - OVERVIEW For personal use only • High grade copper with significant gold and silver • Significant Mineral Resource Estimate (NI43-101) See ASX Announcement 29 Oct 2019, refer Appendix 1 • Extensive infrastructure to support future mining operation: • 18km of underground de
Slide 12: Significant high grade mineral resources
SIGNIFICANT HIGH GRADE MINERAL RESOURCES Mineralisation at Oracle Ridge Oracle Ridge Mineral Resource Estimate NI43-101 * (1% Cu cut-off) For personal use only Resource Tonnes Cu Ag Au Contained Contained Contained Class (Millions) % g/t g/t Cu, lbs Ag, oz Au, oz (Millions) (Millions) (‘000) Measure
Slide 13: Oracle Ridge – High grade copper
ORACLE RIDGE – HIGH GRADE COPPER High grade copper intercepts For personal use only • with significant gold and silver • Multiple ‘stacked’ lodes provide flexibility for mining • Multiple zones thick enough for bulk mining methods, which can potentially reduce costs 12 12 *Refer ASX Announcement 10
Slide 14: Resource expansion potential
RESOURCE EXPANSION POTENTIAL Mineralisation remains open along strike in For personal use only multiple directions Significant Exploration Target defined based on: • Previous drilling database of 618 holes (50 holes within the exploration target) • Geological models of mine stratigraphy • Recently c
Slide 15: Arizona - major copper projects
Arizona - major copper projects For personal use only Multiple significant copper deposits within Arizona have been mined for decades. Some of these projects have well developed skarn alteration and associated high-grade copper mineralisation, in addition to large, lower grade porphyry copper deposi
Slide 16: Exploration potential at depth
EXPLORATION POTENTIAL AT DEPTH For personal use only Skarn mineralisation is commonly associated with porphyry systems, however this system has not yet been identified presenting exploration potential at depth ? Oracle Ridge – Conceptual Geological Model 15 Note - The Section shown is both conceptua
Slide 17: Oracle Ridge – existing mine infrastructure
ORACLE RIDGE – existing mine infrastructure For personal use only • Excellent ground conditions • The project has significant infrastructure in place including ~18km of underground development, access roads, tailings dam, underground electrical and water services • Ore body is accessible 16 Photos t
Slide 18: Enhanced restart potential
ENHANCED RESTART POTENTIAL Studies Existing electrical infrastructure For personal use only • Various technical studies completed including at Oracle Ridge Environmental, Metallurgical, Processing, Geotechnical, Mining & Infrastructure Permits • Several permits required for mining previously secured
Slide 19: Oracle Ridge growth and exploration focus
ORACLE RIDGE GROWTH AND EXPLORATION FOCUS • Methodical approach to exploration by an experienced team with a For personal use only proven track record • Apply modern geophysics which has not been used at Oracle Ridge • Multiple strategies used to define exploration drill targets • Update existing Mi
Slide 20: The Silver Mountain Project
THE SILVER MOUNTAIN PROJECT Phase One drilling at Silver Mountain has confirmed For personal use only • prospectivity of Project • Project hosts multiple historic copper / gold mining operations with copper grades up to 10% and gold up to 10g/t • Drilling identified highly anomalous assay values and
Slide 21: Corporate Overview
CORPORATE OVERVIEW Key Metrics 12 Month Share Price For personal use only ASX Code EM2 Shares on Issue 152m (15 Oct 2020) Share Price $0.40 (15 Oct 2020) Cash (approximate) $3.2m (10 Aug 2020)* Debt 1 $10.4m Market Capitalisation $61m (undiluted) Unlisted Options 28m (avg exercise price $0.24) Perfo
Slide 22: Experienced Board & Management Team
EXPERIENCED BOARD & MANAGEMENT TEAM For personal use only TIM MASON • 18 years experience in RICK CRABB • 37 years experience in various corporate, mining mining, corporate and CHIEF EXECUTIVE NON-EXECUTIVE & engineering roles commercial law OFFICER CHAIRMAN CHARLES BASS • Entrepreneur & Business Ex
Slide 23: A compelling copper proposition
For personal use only A COMPELLING COPPER PROPOSITION ✔Maiden drill program recently commenced at Oracle Ridge Copper Project ✔A experienced board and management team with a proven track record ✔Arizona is a world class copper jurisdiction, responsible for 65% of copper output from the United States
Slide 24: Important Information
Important InformatIon For personal use only P u r p o s e o f p r e s e n t a t I o n : This presentation has been prepared by Eagle Mountain Mining Limited (ACN 621 541 204) (Eagle Mountain) and should be read in conjunction the Company’s Annual Report, issued by Eagle Mountain 30 October 2019 and
Slide 25: Important Information - Competent Person Statement
Important InformatIon For personal use only COMPETENT PERSON STATEMENT The information in this document that relates to technical information about the Oracle Ridge Copper Mine including the exploration target is based on, and fairly represents information and supporting documentation compiled and r
Slide 26: Contact Information
For personal use only CONTACT INFORMATION A Ground Floor, 22 Stirling Highway Nedlands, Western Australia, 6009 E info@eaglemountain.com.au W eaglemountain.com.au
Slide 27: Appendix: Mineral Resource Estimation
APPENDIX 1 Mineral Resource Estimation The resource estimates provided in this presentation have been taken from the 31 March 2014 Independent Technical Report for the Oracle Ridge Project prepared by Dr Gilles Arseneau, P.Geo, principal of Arseneau Consulting Services Inc. (refer ASX announcement 2
Eagle Mountain Mining — Broker Briefing Mining & Resources Digital Investor Event 2020 on 6ix