Slide 1: Jaguar: the new global nickel sulphide growth project
BRAZIL Pará For personal use only Minas Gerais ASX : CTM Jaguar: the new global nickel sulphide growth project ✓ Advanced nickel project acquired from Vale ✓ High-grade development potential – open pit & underground ✓ Maiden JORC Resource mid-2020 May 2020 I Darren Gordon, Managing Director
Slide 2: Disclaimer
Disclaimer ▪ This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in For personal use only relation to the purchase or sale of shares in any jurisdiction. This presentat
Slide 3: A Compelling Nickel Investment Opportunity
A Compelling Nickel Investment Opportunity Focused on developing the advanced Jaguar Nickel For personal use only Sulphide Project – Transaction with Vale closed April 2020 Global foreign resource of 40.4Mt at 0.78% Ni* (0.5% Ni cut-off): – 315,000 tonnes of contained nickel, based on more than 55,0
Slide 4: Corporate Summary
Corporate Summary For personal use only Capital Structure May 2020 Shares on Issue 259.7m Listed Options (EP $0.18, Exp 31/5/21) 28.9m Unlisted Options 7.3m Top 20 Holders 52% Directors & Management Holding 5% Market Capitalisation ($0.23) A$59.7m Cash as at 31 March 2020 A$7.5m 6 $0.30 4 Ni $20,000
Slide 5: Board and Management Team
Board and Management Team Extensive Brazil and Nickel Development Experience For personal use only EXECUTIVE MANAGEMENT DARREN GORDON BRUNO SCARPELLI ROGER FITZHARDINGE JOHN WESTDORP JOHN KNOBLAUCH ROCKY OSBORNE MANAGING DIRECTOR BRAZIL COUNTRY MANAGER OPERATIONS MANAGER CHIEF FINANCIAL OFFICER PRIN
Slide 6: Nickel – The Looming EV Revolution
Nickel – The Looming EV Revolution For personal use only Current nickel market size ~2.5Mt Nickel demand for batteries growing strongly (more than 4X in six years to 2018) but from a low base – still only 145,000t or 6% of market Depending on the scenario for the EV rate of adoption, nickel volumes
Slide 7: Brazil – A Mining-Friendly Jurisdiction
Brazil – A Mining-Friendly Jurisdiction Latin America’s largest economy For personal use only Growing population (currently ~209 million) Strong tenement control system, established Mining Code BRAZIL Pará ➢ Government revenue generated from royalties Strong mining culture in State of Para (northern
Slide 8: The Carajás Mineral Province – Land of the Giants
The Carajás Mineral Province – Land of the Giants For personal use only 10 IOCG deposits with resources of +100Mt Cu-Au, including six >300Mt for +4.0Bt of Cu- Au resources Includes Vale’s giant Salobo Mine which hosts Reserves of 1.2Bt @ 0.61% Cu, 0.3g/t Au Hosts the largest high-grade iron ore dep
Slide 9: Project – Large-Tonnage Resources at Surface
Jaguar Project – Large-Tonnage Resources at Surface For personal use only Historical resources of 40.4Mt at 0.78% Ni – 315,000 tonnes of contained Nickel Metal Grade Metal Resource2 estimate completed in 2010 based on more than 55,000m of diamond Classification1 Mt Ni % Cu % Co ppm Ni Cu Co drilling
Slide 10: Project – Building a Globally Significant Resource
Jaguar Project – Building a Globally Significant Resource 3.0 Kabanga, GLEN For personal use only Venus, BHP Undeveloped Nickel Sulphide Projects ranked by Nickel Grade only 2.5 2.0 Current drilling at Jaguar aims at delineating Eagle's Nest, NOT Windarra, POS a higher grade JORC-compliant mineral r
Slide 11: Multiple Deposits, Brownfields & Greenfield Targets
Jaguar – Multiple Deposits, Brownfields & Greenfield Targets For personal use only Priority High-Grade Resource Drilling Jaguar South Onça Preta Jaguar Central Jaguar North High Impact Exploration Drilling Onça Rosa Discovery DHEM Greenfields Growth Ground Mag & FLEM Geochem & Mapping 11
Slide 12: South Deposit – Open at Depth and Along Strike
Jaguar South Deposit – Open at Depth and Along Strike For personal use only High-grade mineralisation extending beyond historical resource envelope More than 40 diamond drill holes now drilled at Jaguar South – 19 by CTM Drilling has confirmed the consistency of the high- grade zones Mineralisation
Slide 13: South Deposit – Significant High-Grade Nickel
Jaguar South Deposit – Significant High-Grade Nickel For personal use only Latest CTM results: ❑ 37.7m at 2.11% Ni from 109m ❑ 21.8m at 2.65% Ni from 22m ❑ 14.0m at 2.40% Ni from 129m ❑ 6.1m at 2.51% Ni from 96m ❑ 10.8m at 1.89% Ni from 31m ❑ 4.6m at 2.25% Ni from 137m ❑ 5.5m at 3.94% Ni from 149m ❑
Slide 14: South Deposit – High-Grade Zones Hanging Together
Jaguar South Deposit – High-Grade Zones Hanging Together For personal use only +600m strike of semi-massive and massive nickel sulphide from surface to +300m depth DHEM Conductor plates have been tested 100m to west intersecting Ni- sulphides – assays pending 14
Slide 15: Onça Preta Deposit – High Grade and Near Surface
Onça Preta Deposit – High Grade and Near Surface Shallow high-grade zone extended to For personal use only +150m strike within broader +200m zone High grade and shallow – 14.9m at 2.94% Ni from just 56.8m depth 15
Slide 16: Onça Preta Deposit – Width & Grade Increasing with Depth
Onça Preta Deposit – Width & Grade Increasing with Depth For personal use only +150m strike of semi-massive and massive nickel sulphide from surface to +300m depth – and open Latest CTM Results: ❑ 26.2m at 1.42% Ni from 221m ❑ 4.7m at 2.26% Ni from 50m ❑ 9.9m at 1.29% Ni from 252m ❑ 6.4m at 1.34% Ni
Slide 17: Onça Rosa – High-Grade Nickel Discovery
Onça Rosa – High-Grade Nickel Discovery 600m long FLEM plate coincident with For personal use only ground magnetic anomalies and Ni- magnetite float Latest CTM Results: ❑ 3.5m @ 2.38% Ni (from 272m) ❑ 3.9m @ 3.19% Ni (from 14m) ❑ 4.1m @ 1.04% Ni (from 74m) ❑ 7.8m @ 1.62% Ni (from 158m) Previous Resu
Slide 18: Onça Rosa – Got the "Pink Panther" by the tail!
Onça Rosa – Got the “Pink Panther” by the tail! DHEM surveys identified strong +150m long EM conductor, extending more than 150m down-dip of deepest drilling For personal use only 7.9m @ 5.27% Ni 9.3m @ 3.13% Ni 7.6m of semi-massive sulphides - Assays Pending 3.6m semi-massive & massive - Assays Pen
Slide 19: Project – Greenfields Growth Potential
Jaguar Project – Greenfields Growth Potential For personal use only The Jaguar Project sits at the intersection of two regionally important mineralising structures Multiple untested prospects Coincident GeoTEM, Ground Mag and Geochem targets Detailed Ground Mag – completed FLEM – underway Soil sampl
Slide 20: Project – Project Development Underway
Jaguar Project – Project Development Underway For personal use only Preliminary Metallurgical Testwork Flotation tests deliver +80% nickel recoveries* from Jaguar South and Onça Preta ore Quality +16% nickel concentrate, with high Fe:MgO (~5.5:1) and low arsenic – highly desirable marketable charact
Slide 21: Project – Environmental Licensing Underway
Jaguar Project – Environmental Licensing Underway For personal use only Fast-tracking Approvals Initial drilling licence secured through to October 2022 Significant amount of environmental data historically collected by Vale for use by CTM in approval process Terms of reference received from Semas f
Slide 22: Project – Outstanding Infrastructure and Logistics
Jaguar Project – Outstanding Infrastructure and Logistics For personal use only 35km north of regional mining centres of Tucumã and Ourilândia do Norte (population 50,000) with access via all-weather roads – mining towns with strong skilled workforce High Voltage (230kV) sub-station located 15km sou
Slide 23: Project – Only 15km From Onça Puma Ferronickel Plant
Jaguar Project – Only 15km From Onça Puma Ferronickel Plant For personal use only 23
Slide 24: Project Development Timeline
Jaguar Project Development Timeline 2020 2021 2022 For personal use only Q1 Q2 Q3 Q4 DRILLING Resource Drilling - Infill & Extensional Jaguar South Jaguar Central Jaguar North Jaguar West Onça Preta Resource Drilling - New Resources Onça Rosa Regional Exploration Drilling New Priority Targets Ongoin
Slide 25: Centaurus – Key Investment Takeaways
Centaurus – Key Investment Takeaways For personal use only Nickel focus – high-grade nickel sulphide asset leveraged to strong long-term nickel market outlook Substantial foreign resource – 40.4Mt at 0.78% Ni (0.5% Ni cut-off) for a total of 315,000 tonnes of contained nickel Maiden JORC Resource by
Slide 26: Jaguar: the new global nickel sulphide growth project
BRAZIL Pará For personal use only Minas Gerais ASX : CTM Jaguar: the new global nickel sulphide growth project ✓ Advanced nickel project acquired from Vale ✓ High-grade development potential – open pit & underground ✓ Maiden JORC Resource mid-2020 May 2020 I Darren Gordon, Managing Director