Enterprise Metals Limited · ASX:ENT

Enterprise Metals — Investor Presentation (September 2014)

40 slides from Enterprise Metals's investor presentation, Sep 8, 2014

  1. Slide 1: Enterprise Metals

    Enterprise Metals Enterp

  2. Slide 2: Important Information

    Important Information Disclaimer  This document has been prepared by Enterprise Metals Ltd (“Enterprise” or “the Company”) to provide information on the Company’s Projects to investors and potential new shareholders. This presentation should be read in conjunction with other public announcements an

  3. Slide 3: ENT: The Next Sirius or Sandfire?

    ENT: The Next Sirius or Sandfire? Enterprise is seeking  Magmatic nickel-copper sulphide deposits (Fraser Range)  Volcanic & sediment hosted basemetal sulphide deposits (Doolgunna)  Greenstone hosted gold & base metal deposits (Darlot) “ENT’s Plato is the most advanced junior-held Nova-style targ

  4. Slide 4: Tightly held – low enterprise value

    Tightly held – low enterprise value Capital Structure Share Price & Volume – Oversold ? Share Price A$ 10 cps Shares on Issue # 265,595,776 Options on Issue 1 # 36,575,000 Market Capitalisation A$m $26.5m Cash 2 A$m $1.9m Debt A$m Nil Enterprise Value 3 A$m $24.6m 1. Three tranches of options - 7.6m

  5. Slide 5: Directors & Senior Management

    Directors & Senior Management Name Role Background Dr Jingbin Wang Non-Executive Dr Wang is Executive Director of China Nonferrous Metals Resource Geological Survey, a position he has held BSc, MSc, PhD Chairman since 2003. He has also held the title of Vice-President of the China Nonferrous Metals

  6. Slide 6: Overview

    OVERVIEW  Significant landholding in three of the best exploration addresses in Australia  Fraser Range 100%  Doolgunna 100%  Darlot 100%, but IGO funding to earn up to 70-80%  Extensive geophysical & geochemical exploration already undertaken in all areas  A number of promising targets have b

  7. Slide 7: Premier Fraser Range Project (100% owned)

    Premier Fraser Range Project (100% owned) History of the Fraser Range:  1965-1971: Newmont  1995-2008: Creasy et al  2004: Creasy INCO JV  2012: Sirius (Nova discovery) ENT 2009-2014:  Large landholding in southern Fraser Range  Detailed aeromag, soil sampling & AEM completed  Maiden RC/DC dr

  8. Slide 8: Gravity Ridge – The Choice Area

    Gravity Ridge – The Choice Area  Regional gravity image of the Fraser Range highlights the Fraser Orogenic Complex  The image demonstrates that ENT & SIR’s ground is largely in the high-gravity area  The high-gravity areas (red- orange colours) equate to the more dense iron rich (mafic /ultramafi

  9. Slide 9: Multiple Target Areas - close to SIR Tenure

    Multiple Target Areas - close to SIR Tenure ENT ground is well placed with respect to Sirius’ tenements, over core of gravity high, interpreted to be a large layered mafic complex Sirius Resources’ Tenements & JV’s Source: Sirius Resources NL ASX release 20 November 2013 ASX: ENT | PAGE 9

  10. Slide 10: Geochemistry Prioritises Areas

    Geochemistry Prioritises Areas  Multi-element regional soil geochemical analysis completed [800m x 400m]  Coincident multiple Ni-Cu-Co results from six target areas  Infill sampling completed [200m x 100m]  Geochemically anomalous areas coincident with magnetic/AEM features  Plato selected as 1

  11. Slide 11: Plato - The First Target Tested

    Plato - The First Target Tested  Plato soil geochem data over Ni magnetic “low”, co-incident with elevated nickel, copper, cobalt  Magnetic “low” interpreted as olivine gabbronorite unit/intrusive within mafic complex ENT: ASX release 30 July 2014 ASX: ENT | PAGE 11

  12. Slide 12: Plato Maiden Drilling Program

    Plato Maiden Drilling Program  Initial success with RC drilling From To Interval Ni Cu Co S MgO PLRC003 (m) (m) (m) (ppm) (ppm) (ppm) (%) (%) 208 270 62 2,100 596 120 0.75 13.9 Incl. 231 251 20 2,970 909 145 1.15 14.7 Incl. 231 234 3 3,970 1,123 170 1.45 15.2 Incl. 246 247 1 3,748 1,480 147 1.48 12

  13. Slide 13: Plato Geophysics

    Plato Geophysics  Fixed loop Ground EM shows Conductor at Plato south  Further FLEM in progress at Plato East and West Plan of Ni Soil Geochemistry Proposed RC/DC Drilling 350m deep holes 450m deep hole CDI Section of HEM Model ENT: ASX release 27 June, 20 August 2014 ASX: ENT | PAGE 13

  14. Slide 14: Fraser Range – Multiple Prospects

    Fraser Range – Multiple Prospects  Plato: Ni/Cu sulphides in olivine gabbronorite unit/intrusive within layered mafic complex  Olivine gabbronorite characterised by distinct magnetic low  Multiple other prospects identified for GEM surveys and drill testing  Sirius pursuing same model ENT: ASX r

  15. Slide 15: HeliTEM: deep weathering & palaeochannels

    HeliTEM: deep weathering & palaoechannels  Ni/Cu sulphides in olivine gabbronorite at Plato  Olivine gabbronorites more easily weathered due to olivine and sulphide content  HeliTEM survey identified areas of deeper weathering and shallow palaeochannels, where soil sampling may be ineffective  G

  16. Slide 16: Fraser Range – The Prospects

    Fraser Range – The Prospects  Seven high quality prospects  Ground EM underway to identify conductors (drill targets)  Then drill testing Ni, Cu, Co Mafic Rocks Mag Low EM Ni / Cu Geochem Signature Conductors Sulphides Plato Yes Yes Yes Partial Yes Plato West Yes To be tested Yes To be surveyed T

  17. Slide 17: Fraser Range Project – Next Steps

    Fraser Range Project – Next Steps  Plato  Ground EM in progress  Permitting & access  Further drilling as required  Plato West, Plato East, Heart, Oceanus, Titan & Highway  Ground EM planned over coincident Ni-Cu-Co/mag lows  Permitting & access required  Then AC/RC/DC drilling ASX: ENT | PA

  18. Slide 18: Fraser Range – Work Schedule

    Fraser Range – Work Schedule  Aggressive high impact exploration program  Ground EM program has commenced to define drill targets  Drilling scheduled for second half of 2014 Schedule 2014-2015 June September December March Quarter June Quarter Quarter Quarter Quarter 2015 2015 Ground geophysics P

  19. Slide 19: Doolgunna Project

    Doolgunna Project 1,000km2 100% owned*  Background  1942-53: Small scale Cu mining  1950-66: Horseshoe Cu/Au mine  1955-71: Thaduna Cu mine  2009: Sandfire “DeGrussa” VMS  2013: Sipa “Enigma” SEDEX  2014: ENT SEDEX targets  Highly prospective for VMS and SEDEX Cu, Pb, Zn deposits  Potential

  20. Slide 20: Doolgunna – Geology

    Doolgunna – Geology Ore-control factors: Structural control: Intersection of NE- striking Goodin and SBF faults with NW striking cross-cutting faults Mineralisation source and fluids: Copper sourced from mafic volcanics, medium - low temperature fluids, heated by radioactivity from Archaean granite

  21. Slide 21: Prospecting Indicators

    Prospecting Indicators Structure: NE-striking Goodin and SBF faults, with major NW striking cross cutting faults, associated with: Geochemical anomalism Bi: Bismuth Sb: Antimony Te: Tellurium W: Tungsten Mo: Molybdenum Sn: Tin Enrichment at surface. Cu(Zn): Depletion in regolith ASX: ENT | PAGE 21

  22. Slide 22: VMS Targets - Sandfire & Enterprise

    VMS Targets -Sandfire & Enterprise SFR: ASX 17 April 2014 Presentation ENT:ASX Release February 2013 ASX: ENT | PAGE 22

  23. Slide 23: Vulcan VMS Prospect

    Vulcan VMS Prospect  Results from limited 5 RC drill holes at Vulcan in 2013 included 11m @ 3.2g/t Au from 112m and 9m @1.7g/t Au from 133m (hole VRC003)  Vulcan Prospect, defined by shallow AC/RC drilling, not yet fully tested  Attention turned to larger SEDEX style targets in “Doolgunna basin”

  24. Slide 24: Doolgunna – SEDEX Search Criteria

    Doolgunna – SEDEX Search Criteria Tectonic setting Yerrida Basin Rift, sag, deformation Capricorn Orogen Source rocks Volcanics – basalts, etc Copper rich Heat flow Archaean Goodin Dome Hydrothermal systems Major Structures Southern Boundary Fault Basin bounding faults Goodin Fault Favourable Hosts

  25. Slide 25: Airborne EM

    Airborne EM  Airborne SPECTREM survey (5,500m line spacing) identified 6 excellent bedrock conductors  Targets A & B associated with anomalous Te, Bi, Sb, Mo in maglag samples  Targets C to F associated with Te, Sb, Mo, +Bi ENT:ASX release 30 October 2013 ASX: ENT | PAGE 25

  26. Slide 26: Maglag Surface Geochemistry

    Maglag Surface Geochemistry  Initial Maglag at 1km x 1km spacing  Broad multi-element anomalies identified (Te, Bi, Sb, Mo, As, W, etc)  2014: Infill Maglag sampling (250m x 250m) Tellurium Maglag Geochem “Tellurium often occurs with large gold deposits & copper sulphide deposits “ ASX: ENT | PAG

  27. Slide 27: Maglag Surface Geochemistry

    Maglag Surface Geochemistry 2014: Additional & Infill Maglag - W Tungsten Maglag Geochem “Tungsten is often diagnostic of base metal mineralisation “ ASX: ENT | PAGE 27

  28. Slide 28: Maglag Surface Geochemistry

    Maglag Surface Geochemistry 2014: Additional & Infill Maglag - Sb Antimony Maglag Geochem “Antimony is often associated with limestone hosted base metal mineralisation “ ASX: ENT | PAGE 28

  29. Slide 29: Maglag Surface Geochemistry

    Maglag Surface Geochemistry 2014: Additional & Infill Maglag - Mo Molybdenum Maglag Geochem “Molybdenite (MoS2) is often recovered as a by-product of copper & tungsten mining “ ASX: ENT | PAGE 29

  30. Slide 30: Maglag Surface Geochemistry

    Maglag Surface Geochemistry 2014: Additional & Infill Maglag - S Sulphur Maglag Geochem “Low level sulphur analyses, but relative surface depletion in sulphur infers acid leaching of soluble metals such as copper & zinc“ “2014 Infill sampling highlights Sulphur depletion” ASX: ENT | PAGE 30

  31. Slide 31: 2014 RC Drilling

    2014 RC Drilling  Scout RC drilling of Maglag Scout RC drilling of Targets A – F geochem/GEM/ gravity targets  36 RC holes for 4,166 metres  First drill test of fresh unoxidised sediments within Doolgunna basin  Drilling & analyses suggest the combined gravity/EM features are sedimentary units w

  32. Slide 32: BORG Prospect – 2014 RC Drilling

    BORG Prospect – 2014 RC Drilling  13 shallow vertical RC holes & 4 deeper angled RC holes  Drilling intersected weakly mineralised siliclastic & carbonate sediments  Subsequent Maglag surface geochem shows drilling was focused too far to the west But, RC assays confirm base metal assemblages in o

  33. Slide 33: Borg Prospect – Drilling & Maglag

    Borg Prospect – Drilling & Maglag Arsenic Lead Molybdenum Tungsten Antimony Sulphur ENT: ASX release 8 July 2014 ASX: ENT | PAGE 33

  34. Slide 34: Borg Prospect

    Borg Prospect VTEM & GROUND EM & Te GEOCHEM BOUGUER GRAVITY IMAGE ENT: ASX release 21 July 2014 ENT: ASX release 11 August 2014 ASX: ENT | PAGE 34

  35. Slide 35: Borg Prospect – Gravity Profiles

    Borg Prospect – Gravity Profiles TARGET ENT: ASX release 11 August 2014 ASX: ENT | PAGE 35

  36. Slide 36: Borg Prospect – RC Drill Assays

    Borg Prospect – RC Drill Assays Hole From Int Sample Au As Bi Cd Mo S Sb W Cu Pb Zn ID m m Type ppb ppm ppm ppm ppm % ppm ppm ppm ppm ppm Some narrow higher grade BGRC001 13 14 1m 5 107 2 2 10 0.05 14 5 314 83 72 intervals included: BGRC001 27 24 1m BD 47 3 BD 4 BD 6 4 239 50 46 BGRC001 51 17 1m 4 7

  37. Slide 37: Borg Prospect – RC Drill Chips

    Borg Prospect – RC Drill Chips BGRC004 113m - 116m Laminated sulphides in carbonates & black shales BGRC014 84m - 88m Matrix sulphides in quartzites ENT: ASX release 8 July 2014 ASX: ENT | PAGE 37

  38. Slide 38: Other Prospects - 2014 RC Drilling

    Other Prospects - 2014 RC Drilling Bouguer Anomaly Gravity Image & RC Drill Holes ENT: ASX release 8 July 2014 ASX: ENT | PAGE 38

  39. Slide 39: Doolgunna - Work Schedule

    Doolgunna - Work Schedule  Aggressive high impact exploration program  Gravity, AMT/IP programs to define drill targets  Drilling scheduled for second half of 2014 Schedule 2014-2015 September December March Quarter June Quarter Quarter Quarter 2015 2015 Ground geophysics Permitting, Heritage, En

  40. Slide 40: Darlot Project - Overview

    Darlot Project - Overview  740km2 of Archaean Yandal greenstone belt  Proven gold & base metal endowment  Independence Group (ASX:IGO) JV  Minimum $0.5M in Year 1,  A 51% interest by spending $1.7M,  Up to 70 - 80% interest by sole funding pre-feas study on JORC Resource  60km from IGO Jaguar

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