Somerset Minerals Limited · ASX:SMM

Somerset Minerals — Merger or Acquisition (May 2019)

16 slides from Somerset Minerals's merger presentation, May 16, 2019

  1. Slide 1: Ecuador Asset Acquisition Presentation

    ECUADOR ASSET ACQUISITION PRESENTATION May 2019

  2. Slide 2: Disclaimer

    DISCLAIMER Certain statements in this presentation are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Often, but not always, forward-looki

  3. Slide 3: Ecuador Gold Transaction

    ECUADOR GOLD TRANSACTION  Binding agreement to acquire two Ecuadorian companies, Condor Gold S.A. and MiningSources S.A. (Zamora Projects) for:  US$100,000 cash; and  3,446,205 Tempus shares  Zamora Projects comprise the highly prospective Rio Zarza and Valle del Tigre projects in the Zamora Min

  4. Slide 4: Investment Proposition

    INVESTMENT PROPOSITION  Newly acquired Zamora Projects assets provide high quality early stage gold exploration prospects in Ecuador:  Rio Zarza Project is immediately adjacent to the most valuable greenfields gold discovery of the last 15 years, Lundin Gold’s Fruta del Norte and hosts strikingly

  5. Slide 5: Capitalisation Summary

    CAPITALISATION SUMMARY Shares on issue and market capitalisation Top five shareholders Shares on issue (ASX: TMR)1 36.5M Resilient Investment Group P/L 7.0% Proposed transaction shares to Brendan Borg 3.6% 3.5M be issued Alex Molyneux 3.6% Pro-forma shares on issue 40.0M UBS Nominees P/L 3.6% Share

  6. Slide 6: Board and Management

    BOARD AND MANAGEMENT Alexander Molyneux – Non-Executive Chairman Mining industry executive and financier with 20+ years industry experience. Current CEO of Galena Mining Ltd (ASX: G1A), former CEO of Paladin Energy Ltd (ASX: PDN) (2015 – 2018). Also, well known for his breadth of experience in the m

  7. Slide 7: Why Ecuador?

    WHY ECUADOR?  Rapidly emerging geological potential - Ecuador occupies the northern extension of the world-class copper porphyry belt which hosts at least 30 deposits with reserves in excess of one billion tonnes situated in Peru and Chile.  Northern portion of this copper trend is underexplored i

  8. Slide 8: Ecuador: Mineral Districts

    ECUADOR: MINERAL DISTRICTS  In excess of $USD 1.5 billion in investment commitments were made in the Mining Sector since 2017.  The majority of the investment has come from Australia at $USD 1.153 billion, followed by $USD 120 million from Canada, $USD 24 million from Ecuador and other entrants in

  9. Slide 9: Ecuador: Geology and Deposits

    ECUADOR: GEOLOGY AND DEPOSITS 1) Eastern Oriente Basin consists Paleozoic-Tertiary sediments intruded by Triassic-Cretaceous batholiths & volcanics. Notable oil producing region 2) Cordillera Real consists Paleozoic metamorphic basement cut by Triassic to Jurassic granites; Cu-Au porphyry & 5 4 3 2

  10. Slide 10: Zamora Mineral District

    ZAMORA MINERAL DISTRICT  ZMD is situated in the southern end of the Cordillera Real tectonic terrane, cored by Paleozoic metamorphics, intruded by three FdN Fault Zone Jurassic batholith complexes and volcanics.  Zamora Batholith Complex measures >200km in length and ~100km in width and Valle del

  11. Slide 11: Rio Zarza: Adjacent to Fruta del Norte

    RIO ZARZA: ADJACENT TO FRUTA DEL NORTE  Rio Zarza Project comprises two concessions covering approximately 1,100ha, directly adjacent to Lundin Gold’s (TSX:LUG) world-class Fruta del Norte gold project, the most valuable gold discovery of the last 15-years, and currently under development.  Explor

  12. Slide 12: Rio Zarza: Geology & Alteration vs FdN

    RIO ZARZA: GEOLOGY & ALTERATION VS FDN  Geology, geochemistry and alteration at Rio Zarza is identical to FdN except faulting has down dropped the Misahualli Formation by additional 500m vertically.  Top of FdN deposit is 300 m below the surface and has a vertical extent of 200 m and width ranging

  13. Slide 13: Rio Zarza: Soil Geochemistry Analysis

    RIO ZARZA: SOIL GEOCHEMISTRY ANALYSIS  RZ soil anomalies for the key elements of Sb-As-Pb-Ag shown below. The geochemical signature for FdN ore is As, Sb, Pb, Hg, Mn. Three Sb-As-Ag-Pb-Zn anomalies are located in western FdN volcanic basin Soil-Sb Soil-As Soil-Ag Soil-Pb T-3 T-1 T-2  Multivariate

  14. Slide 14: Rio Zarza: Conclusions

    RIO ZARZA: CONCLUSIONS  Dr. Simmons, an epithermal expert from New Zealand, concluded Rio Zarza has excellent potential for epithermal mineralization developed in deep down dropped blocks. The eastern part of the concession is a high priority for further drill testing.  Rio Zarza’s geochemistry, a

  15. Slide 15: Valle del Tigre

    VALLE DEL TIGRE  Subparallel NNE rift faults controlling FdN deposit are repeated in VdT  Similar age, fault-controlled western sedimentary-volcanic basin exists at VdT, as depicted on the geological cross-section inset map below  Hollin/Suarez Formation sediments covers the FdN deposit, and cove

  16. Slide 16: www.tempusresources.com.au @ResourcesTempus

    +61 8 6188 8181 www.tempusresources.com.au @ResourcesTempus Level 2, 22 Mount Street Perth WA 600 Australia

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