Narryer Metals Limited · ASX:NYM
Narryer Metals — Investor Presentation (May 2024)
25 slides from Narryer Metals's investor presentation, May 2024
Slide 1: Rocky Gully Carbonatite Potential
Rocky Gully Carbonatite Potential I n v e s t o r Pr e s e n t a t i o n - M a r c h 2 0 2 3 ASX:NYM
Slide 2: Important Notice & Disclaimer
2 Important Notice & Disclaimer This presentation has been prepared by Narryer Metals Limited (Narryer or the Company) and contains background information about Narryer current as at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or comple
Slide 3: Snapshot of Rocky Gully REE Project
3 Snapshot of Rocky Gully REE Project ‣ Narryer Metals (NYM) is exploring the Albany-Fraser Belt for critical minerals at the Rocky Gully Project ‣ New analysis by NYM now identifies REE associated with potential high-value carbonatite system ‣ Evidence of potential carbonatite system: • Carbonatite
Slide 4: Introduction
4 Introduction ‣ NYM has an option agreement to acquire REE and Ni-Cu-Co project at Rocky Gully, Western Australia1 ‣ Two tenements covering 78 km2, located 70km NW of Albany ‣ Project lies within the Proterozoic Albany-Fraser Orogen of Western Australia, a belt of repeated deformation and magmatism
Slide 5: What are Carbonatites?
5 What are Carbonatites? ‣ Carbonatites are an igneous rock formed in the crust, Block Diagram summarizing the predominant relationships and timing between fenitization events within a Carbonatite complex crystallised from carbonate rich (>50%) melt in the mantle. (after Elliott et al, 2018, Ore Geo
Slide 6: Carbonatites in Western Australia
6 Carbonatites in Western Australia ‣ REE-Nb Carbonatites are currently being exploited (Mt Weld) and successfully explored for in WA and considered high value targets ‣ Eastern Goldfields • Mt Weld Mine1, with Resource of 55 Mt @ 5.3 % TREO (ASX: Lynas Rare Earths) • Cundeelee and Ponton Intrusive
Slide 7: Rocky Gully exploration strategy
7 Rocky Gully exploration strategy ‣ The program will aim to determine the style of REE (and other) mineralisation from carbonatites as either primary magmatic or hydrothermal in nature, i.e. occurring in a carbonatite host (e.g. pipes, sills, dikes, plugs) or in alteration / structural sites in the
Slide 8: Rocky Gully Carbonatite
8 Rocky Gully Carbonatite ‣ Review of geological data, re-processed geophysics, new petrology observations and geochemical assessment identifies the potential for carbonatite-hosted REE mineralisation (see JORC table for details). ‣ Drilling by Herron Resource (2010)1 at the Ivar Prospect identified
Slide 9: Rocky Gully magnetics and VTEM evidence of Carbonatite
9 Rocky Gully magnetics and VTEM evidence of Carbonatite Near-circular shaped magnetic low represents the main carbonatite intrusive target and is a key component of the model and drill-hole planning. The near-coincident late-time bedrock conductor in historic VTEM1,2, as well as a surrounding magne
Slide 10: Rocky Gully Petrology evidence of carbonatite
10 Rocky Gully Petrology evidence of carbonatite ‣ Previous petrographic studies described the ‣ SEM (scanning electron microscopy) by NYM in Feb 2023 is sample as a dolomitic to ankeritic consistent with a carbonatite mineralogy (see figure on magnesiocarbonatite and is supported by page 8 for samp
Slide 11: Rocky Gully Geochemistry evidence of carbonatite
11 Rocky Gully Geochemistry evidence of carbonatite ‣ Whole rock geochemistry (using ‣ Widespread, potassium alteration (typically biotite ioGAS analytical software) using and phlogopite) observed in basement rocks across all carbonatite drilling samples at Ivar. lithologies observed in drilling at
Slide 12: Regolith REE / Scandium
12 Regolith REE / Scandium ‣ Significant REE ( >5000 ppm TREO) and Scandium (>500 ppm Sc2O3) mineralisation identified in saprolite from multiple drilling intersects over ~ 1.5km strike, ~ 30m average thickness1,2 ‣ Mineralised intervals are rich in “high value” magnet suite of REE oxides (MREO – Pr
Slide 13: Contact Details
Contact Details Dr Gavin England Investor Relations Managing Director Evy Litopoulos – ResolveIR gavin@narryer.com.au evy@resolveir.com +61 8 9322 7600 ASX:NYM For more info: www.narryer.com.au 13
Slide 14: JORC Code, 2012 Edition – Table 1 report – Rocky Gully Drilling
Appendix 3 JORC Code, 2012 Edition – Table 1 report – Rocky Gully Drilling Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Commentary Sampling Nature and quality of sampling (eg cut channels, random chips, Work comple
Slide 15: JORC Table 1: Sampling techniques
Criteria JORC Code explanation Commentary • NYM completed Scanning Electron Microscopy at Curtin University on 4 samples taken from RC drilling chips from the Ivar Prospect. The samples selected represented a carbonatite samples (RGRC032, 104-105m), 2 samples containing alteration (RGRC032, 108-109m
Slide 16: JORC Table 1: Drilling techniques
Criteria JORC Code explanation Commentary In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation
Slide 17: JORC Table 1: Sample recovery and logging
Criteria JORC Code explanation Commentary Whether a relationship exists between sample recovery and All drilling information has been reported in previous NYM ASX announcements on grade and whether sample bias may have occurred due to 19 September 2022 and 22 November 2022. preferential loss/gain of
Slide 18: JORC Table 1: Sub-sampling and quality control
Criteria JORC Code explanation Commentary Quality control procedures adopted for all sub-sampling stages All drilling information has been reported in previous NYM ASX announcements on to maximise representation of samples. 19 September 2022 and 22 November 2022. Measures taken to ensure that the sa
Slide 19: JORC Table 1: Verification of sampling and assaying
Criteria JORC Code explanation Commentary Nature of quality control procedures adopted (eg standards, All drilling information has been reported in previous NYM ASX announcements on blanks, duplicates, external laboratory checks) and whether 19 September 2022 and 22 November 2022. acceptable levels
Slide 20: JORC Table 1: Conversion factors and location of data
Criteria JORC Code explanation Commentary Tm 1.1421 Tm2O3 Yb 1.1387 Yb2O3 Lu 1.1371 Lu2O3 Y 1.2699 Y2O3 Sc 1.5338 Sc2O3 The use of twinned holes. No twinning recorded Documentation of primary data, data entry procedures, data The capture of data and verification cannot be verified by Narryer Geologi
Slide 21: JORC Table 1: Orientation and sample security
Criteria JORC Code explanation Commentary appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied. Sampling was composited to 4 m, but several locations had 1m re-samples. Orientation Whether the orientatio
Slide 22: Section 2 Reporting of Exploration Results
Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.) Criteria JORC Code explanation Commentary Mineral Type, reference name/number, location and ownership Rocky Gully granted tenements E70/ 5037 and E&0/6140 are under an option tenement in
Slide 23: JORC Table 1: Geology and drill hole information
Criteria JORC Code explanation Commentary structures. While some of the area is covered by a thin sedimentary overburden of 1m to 5m, much of the area has laterite formed at surface, with regolith profile containing pallid zone and saprolite observed in drilling 20 to 40m in depth. The local geology
Slide 24: JORC Table 1: Data aggregation and mineralisation widths
Criteria JORC Code explanation Commentary cutting of high grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high All drilling information has been reported in previous NYM ASX announcements on grade results and longer length
Slide 25: JORC Table 1: Balanced reporting and further work
Criteria JORC Code explanation Commentary Balanced Where comprehensive reporting of all Exploration Results is not No misleading results have been presented in this announcement. reporting practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid mi