Tennant Minerals Limited · ASX:TMS
Tennant Minerals — Corporate Update (February 2024)
16 slides from Tennant Minerals's corporate update, Feb 14, 2024
Slide 1: Bluebird Copper-Gold Discovery
BLUEBIRD COPPER-GOLD DISCOVERY The Barkly Project Tennant Creek, Northern Territory, Australia ASX:TMS | Webinar | 14 February 2024, 10:30am AWST
Slide 2: Cautionary Statements and Competent Persons Declaration
Cautionary Statements and Competent Persons Declaration CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION This presentation contains forward-looking statements concerning Tennant Minerals Ltd. Forward-looking statements are not statements of historical fact and actual events and results may
Slide 3: Corporate Overview
Corporate Overview TMS Share Price Performance $0.09 160.0 TMS $2.3M $0.08 140.0 ASX Code Cash (31 December 2023) $0.07 120.0 $0.06 100.0 $23.7M 764.3m Price (A$/share) Volume (m) $0.05 80.0 Market Cap (at $0.031 05/02/2024) Shares on Issue $0.04 60.0 $0.03 40.0 Options: $21.4m $0.02 $0.01 20.0 - TM
Slide 4: Copper and Gold Outlook
Copper and Gold Outlook Safe Havens in the Metals Industry Gold is trading at an all-time high, Copper is an essential metal for reaching a peak price of the global energy transition. US$2,135.39/oz in December 2023. New copper discoveries such as Bluebird Recoverable gold, accessible as part are ra
Slide 5: Barkly Project and the Bluebird Cu-Au Discovery
Barkly Project and the Bluebird Cu-Au Discovery World-Class Location The Barkly Project and the Bluebird discovery are located 40km east of Tennant Creek at the eastern end of this major copper-gold field, which has produced 5.5Moz of gold and 700kt of copper1. Bluebird is a greenfields, high-grade
Slide 6: The Bluebird Copper-Gold Discovery
The Bluebird Copper-Gold Discovery • Blind discovery under shallow soil cover and weathered Warramunga Formation sedimentary rocks hosted in mineralised ironstones. • The main discovery was made through follow-up of shallow drilling and drill-testing the entire ironstone (e.g. BBDD0012: 63m @ 2.1% C
Slide 7: Bluebird Longitudinal View 800m footprint, open all directions
Bluebird Longitudinal View 800m footprint, open all directions • Drilling to date has defined high-grade copper-gold mineralisation from 60m to over 400m depth, over 800m strike length – open in all directions6. • Most recent intersections confirm high-grade, copper- gold intersections to date inclu
Slide 8: Bluebird Gravity Model - Potential to triple the strike length
Bluebird Gravity Model - Potential to triple the strike length Bluebird 3D model in plan projection with gravity inversion model, recent drilling and current drilling planned ASX:TMS 8
Slide 9: Barkly Project (Bluebird Discovery) Major gravity target corridor
Barkly Project (Bluebird Discovery) Major gravity target corridor • Covers a 5km strike-length, east-west trending gravity-high indicating a major ironstone corridor. • Ironstone corridor intersected by ENE-WSW trending fault structures - associated with mineralisation (also shown by magnetics). • B
Slide 10: Barkly Project and the Bluebird Discovery Next Steps
Barkly Project and the Bluebird Discovery Next Steps Testing Bluebird East and Metallurgical Initial development Bluebird West targets – aiming to test-work on key studies, environmental triple the mineralised footprint drillholes baseline studies Current and planned drilling Testing and defining Te
Slide 11: Contact
Contact Vincent Algar CEO E: valgar@tennantminerals.com T: +61 8 9481 7833 ASX:TMS 11
Slide 12: Key Technical Team
Key Technical Team VINCENT ALGAR JON DUGDALE CHRIS RAMSAY BSc (Hons) Geology MAusIMM BSc (Hons), FAusIMM, MAICD BSc, MAPM, MAusIMM Chief Executive Officer Technical Advisor General Manager Geology Mr Algar is a mining and resources Mr Dugdale is a geologist with over 35 Mr Ramsay is a geologist and
Slide 13: Bluebird Discovery Sections through thick, high-grade, Cu-Au zone
Bluebird Discovery Sections through thick, high-grade, Cu-Au zone Cross section 448,500mE Cross section 448,320mE Cross section 448,360mE ASX:TMS 13
Slide 14: Barkly Project Gravity Model Potential for major Cu-Au system
Barkly Project Gravity Model Potential for major Cu-Au system Continuity of ironstones and structures over 5km and to >500m depth < 2.5km Bluebird-Perseverance Corridor > Detailed gravity inversion model indicates deep-seated iron enrichment on mineralised Bluebird- Perseverance structural corridor.
Slide 15: IP Resistivity Drill-targeting Potential to directly detect mineralisation
IP Resistivity Drill-targeting Potential to directly detect mineralisation • Bluebird discovery section (448,320mE) on Induced Polarisation (IP) resistivity8 - shows correlation with mineralisation. • Step-out IP resistivity9 highlighted targets at Bluebird East and Bluebird West with potential to t
Slide 16: Other Key Targets Babbler Project
Other Key Targets Babbler Project • Previous drilling includes 3m @ 2.6 g/t Au, 0.3m @ 310 g/t Au in structures overlying basement targets? • Magnetic anomalies may be in overlying sedimentary / volcanic sequence. • Detailed gravity defined ironstone targets in underlying Warramunga – potential for