Lunnon Metals Limited · ASX:LM8
Lunnon Metals — Investor Presentation (October 2024)
24 slides from Lunnon Metals's investor presentation, Oct 21, 2024
Slide 1: Investor Presentation Clarification
21 October 2024 INVESTOR PRESENTATION CLARIFICATION Lunnon Metals Limited (ASX: LM8) wishes to provide an updated copy of the Investor Presentation lodged For personal use only on 17 October 2024. The update incorporates the following: • The image presented on slide 10 was not intended to be a visua
Slide 2: Investor Update
✓ This slide is 100% editable. Investor Update For personal use only Adapt it to your needs and capture your audience’s attention. ✓ This slide is 100% editable. Adapt it to your needs and capture your audience’s Edmund attention. Ainscough October 2024
Slide 3: Important Notice & Disclaimer
Important Notice & Disclaimer This Presentation has been prepared by employees of Lunnon Metals Ltd (“Lunnon”, “LM8” or “the Company”) on its behalf and is a summary only, and contains summary information about Lunnon and its activities, which is current as at the date of this Presentation (unless o
Slide 4: Low risk exposure to gold (& nickel); $22m cash
ASX:LM8 - Low risk exposure to gold (& nickel); $22m cash^ GOLD NICKEL For personal use only Exciting high-grade gold results 113,600t# of nickel metal Granted mining leases in Robust margins at current >15Moz* gold camp Ni price levels Surrounded by multiple High-grade, high-quality >1Moz* gold min
Slide 5: One of the world's great dual commodity camps
Au - one of the world’s great dual commodity camps - Ni 1897 1966-2001 (WMC) 2001 - 1920-30s Late 2000s Boom present 1950s (ASX ‘juniors’) (GFI) For personal use only Gold Nickel Gold ~A$3,988/oz Discovery of gold in Discovery by WMC Success under Gold Fields Kambalda (Red Hill), Concentrator, Refin
Slide 6: ASX Au/Ni explorer/developer status update
ASX Au/Ni explorer/developer STATUS UPDATE For personal use only • Strategy FY2025 o Cash balance $22M^ : 50% reduction in site-based team o Sole GOLD focus, no plans for surface nickel drilling o Demonstrate funding independence from GOLD success • Gold is the priority o Lady Herial and more, drill
Slide 7: St Ives >15Moz Gold Camp – a long-shared history
1 St Ives >15Moz Gold Camp – a long-shared history GOLD OUNCES ORETONNES PERIOD (000s) (Mt) 2023 371.8 4.1 2022 376.7 3.9 2021 393.0 4.1 2020 385.0 4.8 For personal use only 2019 370.6 4.5 2018 366.9 4.3 2017 363.9 4.2 Gold Fields 2016 362.9 4.0 2015 371.8 3.9 2014 361.7 4.6 2013 402.5 4.8 2012 449.
Slide 8: Golden Opportunity in 15Moz St Ives Belt
1^ Golden Opportunity in 15Moz* St Ives Belt • Foster-Baker was a “nickel belt” never saw a proper gold focus For personal use only • >7.5Moz of past production** right on our doorstep • From 10koz to >1Moz sized deposits* • Always the chance to get on to something bigger • Targeting: • modest size
Slide 9: Victory/Conqueror – next door & well understood
Victory/Conqueror^ – next door & well understood For personal use only Not MGA Grid: Local 1990s mine grid Report cover & diagrammatic geological cross section from WMC Resources Ltd St Ives Gold Victory Mine 1997; authored by now Lunnon Metals’ management E. Ainscough & A. Wehrle, used with permiss
Slide 10: Lady Herial – first cab off the rank
Lady Herial – first cab off the rank For personal use only See ASX announcement dated 1/10/2024 & 10/10/2024 9
Slide 11: Lady Herial – a stacked system – growing fast
Lady Herial – a stacked system – growing fast For personal use only Pan concentrate containing visible gold derived from drill spoil at FOS24RC_056 from the drilled metre which assayed 1m @ 350g/t Au (from 20m) See ASX announcement dated 10/10/2024. See ASX announcement dated 1/10/2024 & 10/10/2024
Slide 12: Lady Herial – a stacked system – growing fast
Lady Herial – a stacked system – growing fast For personal use only See ASX announcement dated 1/10/2024 & 10/10/2024 11 11
Slide 13: Upper & Lower targets and 1920s production
N Upper & Lower 1920s production “Always the chance •to50kt get ore on @ 14.0g /t Au for 23.4koz to something bigger…..” For personal use only Targeted Achieving • modest size • 15-30m TW, 50-60m strike • high-grade • Grades 0.5-5.0+ g/t Au • near surface • 120m plunge, and • Open down plunge 12 For
Slide 14: Foster, the Lunnon Sediment & Father's Day Vein
Foster, the Lunnon Sediment & Father’s Day Vein Similar, shared history 2001: Foster & Beta/Hunt^: For personal use only • Both shut or on care/maintenance so sold with gold to Gold Fields Lady Herial 18m @ 5.27g/t 25m @ 2.76g/t 2003 & 2014: 21m @ 2.13g/t 13m @ 4.10g/t • Both transacted as nickel as
Slide 15: Under-explored in the 3rd dimension
Under-explored in the 3rd dimension 14 Max Au in hole For personal use only all holes (including aircore) N Historical representations of drill results on Gold Fields St Ives tenure is shown with the permission of Gold Fields Grid: GDA94/MGA Zone 51 N
Slide 16: Under-explored in the 3rd dimension
Under-explored in the 3rd dimension BETA/HUNT^ FOSTER structures largely vertical structures mostly gently dipping For personal use only geology mostly flat geology steep LEGEND Gold deposit/prospect Nickel deposit/channel ^ Beta/Hunt now owned and operated by Westgold Ltd Potential gold Image sourc
Slide 17: Defiance West: untested bedrock opportunity
Defiance West : untested bedrock opportunity For personal use only Centrepoint: 382,500E, 6,531,750N 16
Slide 18: Ni: Real Assets, Existing Infrastructure, Low Risk
Ni: Real Assets, Existing Infrastructure, Low Risk For personal use only ✓ Baker Mining Proposal approved^ ✓ Foster Dewater/Re-entry Mining Proposal approved ✓ Granted mining licences ✓ Geotechnical, metallurgical, surface drilling - ALL done Baker-Foster: 3.1Mt @ 3.0%Ni (95,100t Ni)* * See slide 22
Slide 19: 2024: Robust, Resilient, Bigger, Better
2024: Robust, Resilient, Bigger, Better… BAKER FOSTER For personal use only WARREN BAKER & FOSTER 2024 85H 730m 350m • 44km of drilling in total • Measured & Indicated: 2.0Mt @ 3.4% (67.5kt* Ni metal) • Ore Reserve update in progress SOUTH * See slide 22 for full breakdown of the Mineral Resource 18
Slide 20: 50+ years potential of continuous site mining
50+ years Potential of continuous Concentrator For personal use only site mining…Au & Ni Site - Old St Ives Plant * Sum of historical WMC production records to Dec 2001 and Gold Fields Annual Report filings thereafter NB: See slide 22 for full breakdown of nickel MRE shown in image • Lunnon Metals l
Slide 21: Lunnon Metals Overview
Lunnon Metals Overview Corporate structure (ASX: LM8) Liam Twigger Edmund Ainscough October 2024 only Non-Executive Chair Managing Director personal use Board 220.5m $0.15 - $0.30 ~$33m-$66m Shares on issue Share price Market cap Ashley McDonald Deborah Lord Non-Executive Director Non-Executive Dire
Slide 22: Appendices
✓ This slide is 100% editable. For personal use only Adapt it to your needs and capture your audience’s attention. ✓ This slide is 100% editable. Appendices Adapt it to your needs and capture your audience’s attention. 21
Slide 23: Mineral Resources and Ore Reserves Reporting
Mineral Resources and Ore Reserves Reporting This presentation contains references to Lunnon Metals’ Ore Reserves and Mineral Resources, which are shown in a detailed bre akdown below. Mineral Resources ^ * at 30 June 2024 The Company confirms that all material assumptions and technical parameters u
Slide 24: Important Notice - Competent Persons Statement
Important Notice - Competent Persons Statement Any information in this announcement that relates to nickel and gold geology, nickel Mineral Resources, Exploration Targets, Exploration Results and the Company’s Historical Core Program, which includes the accessing, re-processing, relogging, cutting a