Empire Resources Limited · ASX:ERL
Empire Resources — Investor Presentation (November 2011)
38 slides from Empire Resources's investor presentation, Nov 28, 2011
Slide 1: Investor update – November 2011
For personal use only Investor update – November 2011 Advanced exploration of copper-gold projects in WA 1
Slide 2: Disclaimer
Disclaimer For personal use only This presentation is for information purposes only This presentation has been prepared by Empire Resources Limited (“Empire” or the “Company”) and contains general background information about Empire’s activities current as at the date of this presentation (“Informat
Slide 3: Highlights – ERL
Highlights – “ERL” ERL For personal use only • Primary focus - advanced copper and gold projects • All projects j in Western Australia • Major tenement position in an emerging new base metals province at Yuinmery • JORC Resource of 1.07 million tonnes at 1.82% copper and 0.78g/t gold • Active resour
Slide 4: About Empire
About Empire For personal use only Capital Structure Shares on issue: 143.3 million Unlisted options on issue: 10.93 million Market capitalisation: circa $10 million Directors Source: Paritech Tom Revy Chairman (Non-executive) Da id Sargeant David Managing Director Adrian Jessup Executive Director –
Slide 5: Current Activities
Current Activities For personal use only • Resource expansion p drilling g at Yuinmery project • Defining new resource, A Zone • Drilling at other Yuinmery prospects • Initial mining studies commenced at Yuinmery • Drilling to start at Wynne copper project 5
Slide 6: Yuinmery Project: Location – comparative projects
Yuinmery Project For personal use only Location – comparative projects 6
Slide 7: Yuinmery Project: Greenstone Belts
Yuinmery Project For personal use only Greenstone Belts Tenement position in emerging Youanmi b base metall province i 7
Slide 8: Yuinmery Project: Location – comparative projects
Yuinmery Project For personal use only Location – comparative projects Golden Grove Project – 65mt @ 2.0% Cu and 0.7g/t Au (Sandfire, 2011) Jaguar Project: Jaguar 0.8mt @ 4.2% Cu, 8.8% Zn (Jul 2010), 2010) Bentley 3.04mt @ 2.0% Cu, 9.8% Zn and 0.7g/t Au (Nov 2010), Teutonic Bore 1.55mt @ 1.6% Cu,
Slide 9: Yuinmery Project: Comparison of resources
Yuinmery Project For personal use only Comparison of resources Golden Grove Project 65mt @ 2.0% Cu and 0.7g/t Au (Sandfire, 2011) Jaguar Project: Jaguar 0.8mt @ 4.2% Cu, 8.8% Zn (Jul 2010), 2010) Bentley 3.04mt @ 2.0% Cu, 9.8% Zn and 0.7g/t Au (Nov 2010), Teutonic Bore 1.55mt @ 1.6% Cu, and 2.5% Z
Slide 10: Yuinmery Project: VMS deposit model
Yuinmery Project For personal use only VMS deposit model 10
Slide 11: Yuinmery Project: Original copper-gold prospects
Yuinmery Project For personal use only Original copper-gold prospects 11
Slide 12: Yuinmery Project: Expanded tenure
Yuinmery Project For personal use only Expanded tenure Expanded tenement position Empire 100% 78 sq km La Manche Option 149 sq km TOTAL 227 sq km 12
Slide 13: Just Desserts Prospect: Existing JORC resource, long section
Just Desserts Prospect For personal use only Existing JORC resource, long section 13
Slide 14: Just Desserts Prospect: Cross section
Just Desserts Prospect For personal use only Cross section 14
Slide 15: Just Desserts Prospect: Mining Potential/Development Options
Just Desserts Prospect For personal use only Mining Potential/Development Options Study y Study parameters • Based on current JORC Mineral Resource • Investigation options of 1. Small open cut to provide underground access AND 2 Larger open cut only 2. • Use of current metal prices, indicative metal
Slide 16: Just Desserts Prospect: Starter pit versus maximum pit extraction
Just Desserts Prospect For personal use only Starter pit versus maximum pit extraction Schematic 16
Slide 17: Just Desserts Prospect: Mining Option 1: Starter Pit access for U/G
Just Desserts Prospect For personal use only Mining Option 1: Starter Pit access for U/G S h Schematic ti Material within pit shell - 0.8Mt @ 1.1% Cu and 0.7g/t Au Material available from u/g – 1.0Mt 1 0Mt @ 1 1.6% 6% Cu and 00.6g/t 6g/t Au Combined material – 1.8Mt @ 1.4% Cu and 0.7g/t Au 17 These
Slide 18: Just Desserts Prospect: Mining Option 2: Open Cut Only
Just Desserts Prospect For personal use only Mining Option 2: Open Cut Only Schematic Drilling gggaps p D illi Drilling gaps Material within pit shell – 1.5Mt @ 1.4% Cu and 0.7g/t Au These tonnes and grade are indicative only based on the study parameters and is not an Ore Reserve.
Slide 19: Just Desserts Prospect: Path to development
Just Desserts Prospect For personal use only Path to development • Additional drilling required to: - 1. Increase mineral resource confidence 2 Explore 2. E l mineralisation i li ti extensions t i • Update to Mineral Resource Estimate • Metallurgical test work and processing options • Establish Ore
Slide 20: Just Desserts Prospect: Expansion of resource below
Just Desserts Prospect For personal use only Expansion of resource below 20
Slide 21: Just Desserts Prospect: Trajan definition, open pit potential
Just Desserts Prospect For personal use only Trajan definition, ?open pit potential 21
Slide 22: A Zone Prospect
For personal use only A Zone Prospect 22
Slide 23: A Zone Prospect: Initial Assessment
A Zone Prospect For personal use only Initial Assessment 23
Slide 24: A Zone Prospect: Systematic Drilling
A Zone Prospect For personal use only Systematic Drilling 24
Slide 25: A Zone Prospect: Long Section and Deeper Drilling
A Zone Prospect For personal use only Long Section and Deeper Drilling 25
Slide 26: Yuinmery Project: Comparative Study
Yuinmery Project For personal use only Comparative Study 26
Slide 27: Yuinmery Project: Other targets being tested
Yuinmery Project For personal use only Other targets being tested Numerous prospects with large coincident geochemical, geophysical anomalies indicative of a highly fertile VMS system with sparse drill coverage Requires systematic RAB, RC and diamond drilling Examples C-Zone - 3.07m @ 3.09% Cu, a
Slide 28: Yuinmery Project: Anomaly Compilation
Yuinmery Project For personal use only Anomaly Compilation Drill Depth (m) 28
Slide 29: Yuinmery Project: No environmental or heritage issues
Yuinmery Project For personal use only No environmental or heritage issues 29
Slide 30: Other assets
Other assets For personal use only • 60% % Pennys y Find high g ggrade shallow gold resource – 52,000ozs (318,000 tonnes @5.2 g/t Au)) close to Kalgoorlie i 30
Slide 31: Other assets
Other assets For personal use only • 60% % Pennysy Find high g grade g gold resource – 52,000ozs (318,000 tonnes @5.2 g/t Au) • 45% Troy Creek project with incoming party spending $3M to earn over 3 years. (17 RC holes, 2686m completed this month) 31
Slide 32: Other assets
Other assets For personal use only • 60% % Pennysy Find high g grade g gold resource – 52,000ozs (318,000 tonnes @5.2 g/t Au) • 45% Troy Creek project with incoming party spending $3M to earn over 3 years. • 28% equity in listed FYI Resources after disposal of uranium project 32
Slide 33: Other assets
Other assets For personal use only • 60% Pennys Find high grade gold resource – 52,000ozs 52 000ozs (318,000 tonnes @5.2 g/t Au) • 45% Troy Creek project with incoming party spending $3M to earn over 3 years. • 28% equity in listed FYI Resources after disposal of uranium project • Drilling to start
Slide 34: Summary
Summary For personal use only Large ground position Focused developer History of exploration success g geological Right g g setting g High grade copper and gold Growth through resources expansion Exploration upside on highly prospective targets: C-Zone, B-Zone Augustus, B-Zone, Augustu
Slide 35: Investment Case
Investment Case For personal use only • Large footprint f i within i hi emerging i b base metals l province i • Established q quality y resource and expanding p g • Upside through exploration success confirmed • Additional exposure to advanced stage copper, gold and uranium assets • Sound, prudent,
Slide 36: Contact details
C t t details: Contact d t il For personal use only David Sargeant g Empire Resources Limited 53 Canning Highway Victoria Park WA 6100 08-9361-3100 0438-690-699 Contact us at info@resourcesempire.com.au or via our web site: resourcesempire.com.au 36
Slide 37: Notes on the Yuinmery Resource
For personal use only Notes on the Yuinmery Resource A resource estimate for the Just Desserts prospect at Yuinmery was completed and announced to the market on 9 April 2009. There has been no change in the resource since that time. The mineral resource by category to a depth of 250m below surface i
Slide 38: Notes on the Penny's Find Resource
For personal use only Notes on the Penny’s Find Resource An updated resource estimate for the Penny’s Find gold mineralisation was completed and announced to the market on 8 August 2007 and 12 October 2007. There has been no change in the resource since that time. The mineral resource by category to
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