Europa Metals Limited · JSE:EUZ
Europa Metals — Ferrum Crescent — Investor Presentation (May 2017)
24 slides from Europa Metals's investor presentation, May 2017
Slide 1: Shallow drilling of historic, overlooked lead-zinc mineralisation in Spain
Shallow drilling of historic, overlooked lead-zinc mineralisation in Spain AIM ASX JSE: FCR Ferrum Crescent Ltd
Slide 2: Disclaimer
Ferrum Crescent Limited Disclaimer This publication has been prepared by Ferrum Crescent Limited (‘FCR’, 'Ferrum' or 'the Company', ASX, AIM and JSE Code: FCR). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company, or as an inducement to ma
Slide 3: Drilling operations underway at Toral Lead-Zinc Project
Ferrum Crescent Limited • Drilling operations underway at FCR’s wholly-owned Toral Lead-Zinc Project in Spain • Diamond core drill programme is targeting shallow lead-zinc mineralisation • A total of 2,100 metres of diamond drilling planned Targe&ng new mineralisa-on at surface to add to the known l
Slide 4: Toral drilling programme commenced May 2017
Ferrum Crescent Limited Toral drilling programme commenced May 2017 4
Slide 5: Cost-effective, asset-backed exploration company
Ferrum Crescent Limited Cost-effective, asset-backed exploration company Value creation through discovery Restructured management Low cost Zinc opportunity • Targe-ng near surface mineralisa-on • Phase 1 drilling commenced • Targets on proven mining trend • EU: established mining region, infrastruct
Slide 6: Value from lead-zinc exploration in Spain
Ferrum Crescent Limited Value from lead-zinc exploration in Spain ü Two lead-zinc assets secured, located in Northern Spain acquired for low cost in 2016 - our belief is that mineralisa-on has been missed near surface ü FCR restructured in 2016 to reduce overheads and to focus on lead-zinc deposits
Slide 7: Assessing low-cost development options for Toral & Lago
Ferrum Crescent Limited Assessing low-cost development options for Toral & Lago (100%-owned) • Toral: NI 43-101 report open for re-interpretation - Large historic database and land package - High grade drilling & exploration results logged - Shallow, multiple zone priority drill targets identified -
Slide 8: Spanish assets - Major data package, first world infrastructure
Ferrum Crescent Limited Spanish assets - Major data package, first world infrastructure Toral in proven mining province TORAL: GEOLOGICAL SITUATION Rubiales Mine From 1976-92, mined 12 million tonnes of ore and produced around 1.4 million tonnes of high grade (61% Zn) zinc concentrate and over 213,0
Slide 9: Value from lead-zinc exploration in Spain
Ferrum Crescent Limited Value from lead-zinc exploration in Spain LAGO TORAL 9
Slide 10: Spain: Toral lead zinc project
18.8 cm Spain Toral, lead zinc project 10
Slide 11: Toral topography
My LEGEND o INFERRED FAULT \ THRUST LEGEND Quaternary (CUAT) [BB slates and sandstones (CSLT) cae waa Light limestones (V2B Dolostone roksaeaand Dolomites and imestones (V2LM)|_m White and coarse grain dolomitic limestones (V2A) VEGADEO FORMATION Light sacaroid limestone (V18) Dark slaty limestones
Slide 12: Toral planned drill holes
Ferrum Crescent Limited Toral planned drill holes: (See previous page legend for addi-onal reference) 12
Slide 13: 2017 – Testing continuity of mineralisation at depth
Ferrum Crescent Limited 2017 – Testing continuity of mineralisation at depth FCR mapping and geochemical work has iden-fied mineralisa-on at surface. Values in soil up to 1.4% Zn and 1.2% Pb Data reinterpreta-on by FCR supports new geological model, with mul-ple planes of mineralisa-on H1 2017 FCR dr
Slide 14: From due diligence to drilling: Mapping and Topography
Ferrum Crescent Limited From due diligence to drilling Mapping and Topography • First detailed geological mapping carried out • Differential GPS enabling accurate 3D coordinates, mapping of tracks, access, sample points, old workings • Structural repetition of key ‘mineralising horizon’ identified a
Slide 15: From due diligence to drilling: Soil Geochemistry
Ferrum Crescent Limited From due diligence to drilling Soil Geochemistry • Anomalies confirmed and enlarged through infill sampling • Combined historic and current survey grids results in detailed (25m x 25m) coverage • Mineralisation 1.8km long, average 200m wide, with 1.5km width in the northern p
Slide 16: From due diligence to drilling: Channel Sampling
Ferrum Crescent Limited From due diligence to drilling Channel Sampling • Historic adits mapped, surveyed and sampled where possible • 23 channel samples taken • ‘Rubiales’ style siliceous mineralisation typically ~10% Zn & 3% Pb over 1m • New mineralising style identified, associated with dolomitiz
Slide 17: 2017 Drill hole programme
Ferrum Crescent Limited 2017 Drill hole programme • Drill plan designed to intersect multiple sub-vertical structures • Testing dolomitization, breccia, and cross-cutting fault zones • Building out from known mineralisation associated with old workings • FCR believes historic drilling was inefficien
Slide 18: Spain assets - Toral Geology
Ferrum Crescent Limited Spain assets - major data package, first world infrastructure Toral Geology • The Toral permit is located in the West Asturian Leonese Zone (WALZ). • Multiple historic studies suggest the mineralisation comprises sulphides interbedded with limestones and dolomites. • The sulp
Slide 19: Zinc market - Glencore shut-ins and mine depletion
Ferrum Crescent Limited Zinc market - Glencore shut-ins and mine depletion Some large contractions and closures have still to occur Zinc refined market balance (’000 tonnes) 1000 500 0 -500 -1000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 * CRU ICBC ** Major producers chasing price stabi
Slide 20: Zinc outperforming over 12 months
Ferrum Crescent Limited Zinc outperforming over 12 months... 12 month Zinc price rise Zinc stock levels depleted over previous 12 months 20
Slide 21: ...supported by solid supply / demand fundamentals
Ferrum Crescent Limited ...supported by solid supply / demand fundamentals 21
Slide 22: Comps Table (25/5/17)
Company Ticker Mkt Cap US$m Cash US$m Project Name Loca&on Notes Adventus Zinc CVE:ADZN $22.9 $5.9 no project Global Quasi Zinc PE model Deep Irish deposit Hannan Minerals CVE:HAN $9.5 $1.0 Kilbricken, Clare Ireland (400m), ex-Lundin Mineralisa-on at varying Zinc of Ireland ASX:ZMI $5.4 $1.6 Kildare
Slide 23: Key takeaways on Spanish lead-zinc properties
Ferrum Crescent Limited Key takeaways on Spanish lead-zinc properties • Cas-le & León is a known mining region with EU security & infrastructure • FCR objec-ve to iden-fy con-nuity of mineralisa-on below surface results at Toral • Toral benefits from good infrastructure suppor-ng the economics of defi
Slide 24: Please now follow us on www.fcrexploration.com
Please now follow us on www.fcrexploration.com Australia South Africa Suite 6, Ground Floor, South Mill Centre Regent Hill Office Park 9 Bowman Street Cnr Leslie and Turley Roads South Perth Lonehill, Johannesburg WA 6151 2062 Tel: +61 8 9474 2995 Tel: +27 11 702 8180 AIM ASX JSE: FCR Email: info@fe