Polarx Ltd · ASX:PXX
Polarx — Coventry Resources — Shareholder Meeting (November 2016)
16 slides from Polarx's shareholder meeting presentation, Nov 25, 2016
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING 25 NOVEMBER 2016
Slide 2: 2016 in Review
2016 IN REVIEW Significantly advanced the development of the high-grade Caribou Dome Copper Project in Alaska: Drilling: 22 hole, 6,520m diamond core program completed successfully High-grade mineralisation extended >120m along strike to >300m depth to the NE Better defined the extents of the very-h
Slide 3: Corporate Structure
CORPORATE STRUCTURE Coventry Securities Number Shares on issue (ASX:CYY) 459.9M Options (exercisable A$0.014 – C$0.05) 30.8M 6 month share price range 1.6 – 6.2c Market capitalisation (at $0.02/share) A$9.2M Major Shareholders % CYY share price/volume history on the ASX for the past 12 months. Board
Slide 4: Excellent Access and Infrastructure in a Pro-Mining Jurisdiction
EXCELLENT ACCESS AND INFRASTRUCTURE IN A PRO-MINING JURISDICTION CARIBOU DOME COPPER PROJECT • 250km NE of Anchorage • Excellent infrastructure: • Road access the whole way to the Caribou Dome Deposit • Only ~100km east of the Anchorage- Fairbanks railway line and high-voltage power at Cantwell • Bu
Slide 5: Shallow, Thick, Very High-Grade Mineralisation
SHALLOW, THICK, VERY HIGH-GRADE MINERALISATION • 162 holes now drilled for 19,182m • High-grade mineralisation intersected over >800m of strike, including: • 51.1m* at 5.3% Cu from 4.4m • 18.1m at 9.3% Cu from 22.7m • 14.1m at 9.9% Cu from 134.6m • 18.4m at 6.3% Cu from 31.4m • 15.4m at 7.0% Cu from
Slide 6: High-Grade Mineralisation Intersected in Drilling Over >800m of Strike
HIGH-GRADE MINERALISATION INTERSECTED IN DRILLING OVER >800M OF STRIKE Page 6
Slide 7: Known Mineralisation Coincides with Strong IP Anomalism
KNOWN MINERALISATION COINCIDES WITH STRONG IP ANOMALISM • 7km of strike covered with IP during 2016: • Known mineralisation gives rise to very strong IP responses • Numerous other strong IP anomalies in the same stratigraphic sequence provide considerable exploration upside Plan view of depth invert
Slide 8: High-Priority IP Anomalies Also Coincide with Soil Geochemistry Anomalies
HIGH-PRIORITY IP ANOMALIES ALSO COINCIDE WITH SOIL GEOCHEMISTRY ANOMALIES • 2016 IP survey covered the extensive copper in soil geochemistry anomalism delineated over 7km of strike during 2015 • Drilling to begin testing coincident IP/soil anomalies began during 2016, with holes drilled at the Kopis
Slide 9: Aeromagnetic Data Valuable in Prioritising IP Anomalies
AEROMAGNETIC DATA VALUABLE IN PRIORITISING IP ANOMALIES • Highest-priority IP anomalies are located at or near the contact between the magnetic volcanic sequence of rocks and the non-magnetic sedimentary sequence of rocks • Aeromagnetic data define this preferred stratigraphic level well High priori
Slide 10: New Soil Geochemistry – Senator Prospect
NEW SOIL GEOCHEMISTRY – SENATOR PROSPECT • 800 new soil samples collected in the far northeast of the Project area in June 2016, over an extension of the prospective sedimentary sequence that hosts the Caribou Dome Deposit • Extensive copper geochemistry anomalism evident over 5km of strike • Soil s
Slide 11: Metallurgy
METALLURGY An independent flotation specialist has been undertaking further metallurgical testwork concentrating on conventional flotation Lenses 4/5/6 • Two phases of testwork completed on a composite sample that graded 5.03% Cu: • Recoveries >95% Cu have been achieved during rougher flotation test
Slide 12: Scoping Study Initiated
SCOPING STUDY INITIATED Scoping study has been initiated to asses the potential to develop a starter, low-CAPEX, high-grade open pit operation at the Caribou Dome Deposit Geology: Re-interpretation of the 3-D geological model is in progress Resource: Resource block model will then be generated Metal
Slide 13: Disclaimer
DISCLAIMER This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection
Slide 14: Additional Information
C2Coventry ADDITIONAL INFORMATION
Slide 15: Project Acquisition Terms
PROJECT ACQUISITION TERMS • C-D Development Corp. is the underlying tenement owner: • Receives 50% of annual cash payments (per table below); and • Retains a 5% royalty, with Coventry having the right to purchase each 1% for US$1,000,000 • Unlisted US companies SV Metals LP and Hatcher Resources Inc
Slide 16: Mark Bojanjac / Mike Haynes – Coventry Resources Ltd
MARK BOJANJAC MIKE HAYNES COVENTRY RESOURCES LTD COVENTRY RESOURCES LTD CHAIRMAN MANAGING DIRECTOR & CEO COVENTRY RESOURCES LTD. COVENTRY RESOURCES LTD SUITE 9, 5 CENTRO AVENUE T: +61 8 9226 1356 SUITE 9, 5 CENTRO AVENUE T: +61 8 9226 1356 SUBIACO, WA 6008 E: MARK@MORELLA.NET.AU SUBIACO, WA 6008 E:
Coventry Resources — Shareholder Meeting (November 2016) on 6ix