Auris Minerals Ltd. · ASX:AUR
Auris Minerals — Corporate Update (November 2020)
22 slides from Auris Minerals's corporate update, Nov 27, 2020
Slide 1: Developing a World-Class Gold & Copper Company
DEVELOPING A WORLD-CLASS GOLD & COPPER COMPANY CORPORATE UPDATE – NOVEMBER 2020 1
Slide 2: Investment Summary
INVESTMENT SUMMARY § High-quality Gold and Copper assets located in the first world mining jurisdictions of Western Australia and New Zealand § Acquisition of 1Moz Sams Creek Gold Project from Sandfire Resources (ASX: SFR) – one of the largest undeveloped gold projects in New Zealand § Significant ~
Slide 3: Corporate Snapshot (Current)
CORPORATE SNAPSHOT (CURRENT) Mr Bassett is a Chartered Accountant specialising in corporate, financial and Overview management advisory services. He has been involved with numerous public Neville Bassett company listings and capital raisings. His involvement in the corporate arena has ASX code AUR N
Slide 4: Sams Creek 1Moz Gold Project
Sams Creek 1Moz Gold Project One of New Zealand’s Largest Undeveloped Gold Projects
Slide 5: Sams Creek Gold Project Summary
SAMS CREEK GOLD PROJECT SUMMARY § JORC (2012) Mineral Resource1 of 1Moz gold @ 1.54g/t Au (0.7 g/t gold cut off) including a higher-grade zone of 588koz gold at 2.43g/t Au (1.5 g/t cut off) § Comprises EP 40 338 (Sams Creek) and EP 54 454 (Barrons Flat) § Located ~30 kilometres south of Takaka and ~
Slide 6: A Premier Gold Producing Region
A PREMIER GOLD PRODUCING REGION § OceanaGold has operated in the country for 30+ years - currently operates the Waihi and Macraes Gold mines § Macreas in the South Island is NZ’s largest producing gold mine having produced over 5M oz of gold since 1990 § Major producing projects in the New Zealand i
Slide 7: Sams Creek Drilling Program Underway
SAMS CREEK DRILLING PROGRAM UNDERWAY § Sandfire currently funding ($600k) and completing up to seven diamond drill holes for ~900m § Diamond drilling to test alternative geological models at Main Zone and evaluate continuity of mineralisation at SE Traverse prospect § Drilling program aims to update
Slide 8: Sams Creek Geology and Mineral Resource Estimate
SAMS CREEK GEOLOGY AND MINERAL RESOURCE ESTIMATE § JORC (2012) Compliant Mineral Resource1 of 20.5Mt @ 1.54g/t Au for a total of 1.014Moz Au at a 0.7g/t Au cut-off grade² § Higher grade of 7.5Mt @ 2.43g/t Au for 588K oz Au at 1.5g/t Au cut-off grade § Metallurgical test work concluded that the miner
Slide 9: Corporate Summary (Post Transaction)
CORPORATE SUMMARY (POST TRANSACTION) Capital Structure (post Sams Creek transaction) Share Price1 9c Shares on issue2 675m Market Capitalisation ~$61m Cash on hand3 $13M 1As at 26 November 2020 2Existing shares (453.7M) plus Sandfire consideration shares (102.5M) and exercised options (115.8M) and C
Slide 10: WA Project Portfolio
WA Project Portfolio Exploring for the Bryah’s Next Major Copper Discovery 10
Slide 11: Significant Opportunities for Discovery
SIGNIFICANT OPPORTUNITIES FOR DISCOVERY Sandfire Resources: DeGrussa Cu-Au § Discovered 2009 § Resource 2011 – 14.3Mt @ 4.6% Cu and 1.6g/t Au for 652kt Cu and 742koz Au1 Sandfire Resources: Monty Cu-Au § Ore Reserve (Mar 2017): 80kt Cu & 42koz Au § 920kt @ 8.7% Cu & 1.4g/t2 Horseshoe Metals: Horsesh
Slide 12: Bryah Basin Portfolio Summary
BRYAH BASIN PORTFOLIO SUMMARY Significant ~1,410 km² landholding prospective for both volcanic-hosted massive sulphide (VHMS) and gold in the Bryah Basin Recent milestones and activity: 8 well-defined project areas: ü Maiden Resource defined at Forrest Project of 2.4 § Forrest (80% AUR) Mt @ 1.7% Cu
Slide 13: Forrest Project: 80% AUR
FORREST PROJECT: 80% AUR ¹ § Total JORC Compliant Copper Resource comprising Forrest and Wodger deposits of: § 2.4Mt at 1.7% Cu for 41,500t Cu metal Tonnage Cu Au Cu Au Prospect Type (t) (%) (g/t) (t) (oz) § IP survey underway to test 4.5km strike extent of copper anomalous Oxide 28,000 1.5 0.22 420
Slide 14: Wodger Deposit: 80% AUR
WODGER DEPOSIT: 80% AUR § Discovered in 2014 through re-assay of historic drill spoils § Hosts a JORC Compliant Copper Resource of § 1.36Mt at 1.8% Cu and 0.46g/t Au for 24,200t Cu and 20,200oz Au+ § Strong potential to host VMS or gold mineralisation § Air Core drilling in 2015/16, RC/Diamond Drill
Slide 15: Morck Well JV Project: SFR Earning 70%
MORCK WELL JV PROJECT: ¹SFR EARNING 70% § Air Core Drilling continues with 528 holes completed for 43,281m § Majority of these holes (515) are part of the 100 x 1,600m spaced first- pass pattern through the Morck Well tenure § Results from drilling to date includes high-grade gold mineralisation:* §
Slide 16: Feather Cap Project: 100% AUR
FEATHER CAP PROJECT: 100% AUR § 60 Air Core holes for approximately 6,300m have commenced to test two regional gold targets § Drilling will also test for strike extensions to high grade gold mineralisation identified by SFR within recent Air Core drilling in the Morck Well JV § Prospective for both
Slide 17: Near Term Catalysts
NEAR TERM CATALYSTS Exploration / Corporate Milestone Q4 2020 Q1 2021 Q2 2021 IP Survey at Forrest Project Aircore drilling at Feather Cap Project Diamond drilling at Sams Creek Gold Project – first results expected early 2021 Exercise of AUROC Options expiring on November 30 Fully underwritten to r
Slide 18: Horseshoe Well and Milgun Project: 100% AUR
HORSESHOE WELL AND MILGUN PROJECT: 100% AUR § Horseshoe Well2 and Milgun3 Projects are regionally under explored § Milgun E52/3248 geology similar to Fortnum Wedge which has total production and resources of 2.1Moz* MILGUN § Recent rock chip and soil sampling within E52/3248 returned anomalous rock
Slide 19: Cashman Project: SFR JV
CASHMAN PROJECT: SFR JV § SFR to sole fund exploration until a Feasibility Study is completed on a discovery of >50,000t copper or metal equivalent – Sandfire to then earn 70% interest § Southern leases cover the most prospective VHMS unit – the Karalundi Formation (DeGrussa-host stratigraphy). Narr
Slide 20: Cheroona Project: SFR JV
CHEROONA PROJECT: SFR JV § SFR acquired Farm-in Right to Cheroona JV tenements E51/1391, E51/1837 and E51/1838 in February 2020 § Auris interest in Cheroona tenements currently 70% due to existing JV with Northern Star Resources Limited (NST) § SFR to sole fund exploration until a Feasibility Study
Slide 21: Mike Hendriks
Mike Hendriks Level 3, Richardson Street, West Perth WA 6005 PO Box 298, West Perth WA 6872 P +61 8 6109 4333 E general@aurisminerals.com.au W www.aurisminerals.com.au https://au.linkedin.com/company/auris-minerals-limited @AurisMinerals 21
Slide 22: Competent Person’s Statement & Disclaimer
COMPETENT PERSON’S STATEMENT & DISCLAIMER Information in this announcement that relates to exploration results is based on and fairly represents information and supporting documentation prepared and compiled by Matthew Svensson who is a Member of the Australian Institute of Geoscientists. The inform