Lunnon Metals Limited · ASX:LM8
Lunnon Metals — 2022 Paydirt Battery Minerals Conference
21 slides from Lunnon Metals's conference presentation, Apr 7, 2022
Slide 1: 2022 Paydirt Battery Minerals Conference Presentation
LUNNON METALS LIMITED ABN: 82 600 008 848 2022 Paydirt Battery Minerals Conference Presentation For personal use only 7 April 2022 BOARD/MANAGEMENT Mr Liam Twigger NON‐EXECUTIVE CHAIRPERSON Lunnon Metals Ltd’s Managing Director, Ed Ainscough, has been invited to present at the 2022 Paydirt Battery M
Slide 2: Preparing for success: right team, address, assets, timing
RIGHT TEAM >100yrs combined experience in district and commodities For personal use only RIGHT ADDRESS Globally significant nickel & gold camp Paydirt Battery Minerals Conference 28 Ni RIGHT ASSETS Under-explored, missed last Ni boom, no modern exploration for >25 yrs Preparing for 79 Au success…..
Slide 3: Important Notice & Disclaimer
Important Notice & Disclaimer For personal use only This material in this presentation has been prepared by employees of Lunnon Metals Ltd (“LM8” or the “Company”) on its behalf. This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or publ
Slide 4: Lunnon Metals - Highlights
Lunnon Metals - Highlights For personal use only World renowned 2021 nickel district IPO, get drilling & hit NICKEL 2022 Significant opportunity Assets got sold Time to… Aggressive discovery with the gold in Grow Mineral Resource 2001 Baker Warren – up and down plunge programme Missed last nick
Slide 5: Corporate takeaway
Corporate takeaway Capital structure Board & Management - direct experience For personal use only Shares on issue (#M) 141.2 commodity / assets / location St Ives (GFI) (#M) 44.7 Liam Twigger Ian Junk Non Executive Chairperson Founder & NED Share price (Apr 6) ($) 0.955 Deputy Chair Argonaut, Mining
Slide 6: ASX:LM8 – analyst coverage
ASX:LM8 – analyst coverage^ Kambalda a premium For personal use only address JORC 2012 nickel mineral resource High grade - often >3.00% Ni Capital “light”, nearby Nickel West Concentrator Record of longevity: organic growth • Euroz Hartleys (Speculative buy) • August 2021, $1.00 • January 202
Slide 7: Nickel sulphides – central to Kambalda
Nickel sulphides – central to Kambalda For personal use only Production^: Pre-WMC sale vs Total Life of Mine to date 4.3% 4.1% 3.9% 342 203 3.7% 3.5% Ni % 3.3% 467 101 674 3.1% 2.9% 196 2.7% 91 2.5% 2.3% 75 175 275 375 475 575 675 775 Nickel metal (kt) IGO – Long Shaft PAN – Lanfranchi MCR – Widgie/
Slide 8: 21,000m drilled since IPO
21,000m drilled since IPO For personal use only Warren Baker Discovered • Targeting wide gaps in • Drill out complete to 40m x WMC drill coverage 40m • Goal to demonstrate • Multiple significant nickel channel is as long & intercepts over 300m prospective as Foster plunge, 80-100m strike • Significa
Slide 9: Baker Delights! A new discovery
Baker Delights! A new discovery • Exciting high grade, near For personal use only surface nickel • Potential portal access close by (350m) in existing open pit • Ability to fast track definition, resource, permitting • Can consider before or in parallel to any Foster re-start DHTEM plates (reported
Slide 10: Baker – key takeaways
Baker – key takeaways For personal use only Exploration Tactics Gaps = Opportunity = Ni Potential • Fertile channels are hard to find • Don’t shy away from gaps in WMC drilling • Rewards are worth perseverance Next Steps • Mineral Resource estimation almost complete • Rigs mobilising to target • Are
Slide 11: Foster: Dewater / Re-entry / Drill / Discover
Foster: Dewater / Re-entry / Drill / Discover For personal use only 725m deep Foster shaft Refer Slide 20 for Mineral Resource Statement 10
Slide 12: Warren – filling in the gaps
Warren – filling in the “gaps” For personal use only 1 2 1 2 Refer slide 19 for relevant ASX announcement 11
Slide 13: Warren – opening up new search space
Warren – opening up new search space For personal use only Gaps = Opportunity = Ni Potential • Warren currently hosts 6.4kt* vs Foster’s 61kt mined and 32.6kt* in current Mineral Resource (and still growing!) • Large gaps in WMC drilling are opportunities • Nickel hosted on flank and on sediment cov
Slide 14: Historical Core Programme ~ 350km core
Historical Core Programme ~ 350km core For personal use only Growth independent of drill bit • First Mineral Resource almost complete (N75C) • Target mineralisation adjacent to existing workings and current JORC Mineral Resource • Offer regular additions to inventory • Contribute to future re-start
Slide 15: Demonstrating deep potential at KNP
Demonstrating deep potential at KNP For personal use only • Heavily endowed nickel and gold belt • Jan Shaft & Deeps • Mine closed at depth of ~560m in 1986 560m • Deep parent and wedge programme planned • Testing potential below the mine • Both hanging wall and basalt O contact positions P E • WA E
Slide 16: WA Gov: EIS Grant - Kenilworth
WA Gov: EIS Grant - Kenilworth For personal use only 3km long structural corridor • Adjacent and parallel to Boulder-Lefroy Fault • Significant nickel endowment • Multi-million ounce gold camps to immediate north and south (Gold Fields) • Victory/Leviathan gold complex • Argo-Hamlet-Athena • 1,450m
Slide 17: Capital light – prepare (permit) for success
Capital “light” – prepare (permit) for success For personal use only Regulatory goals • Dewater Foster to Lake Lefroy • Re-enter mine to re-establish underground drill 25km platforms • Factor Baker into our thinking/plans • Consider treatment routes once resource updated & metallurgy test work avail
Slide 18: Assets, in the heart of Kambalda
Assets, in the heart of Kambalda Ni For personal use only Kambalda Nickel Project Au 17
Slide 19: Contact Us
Contact Us For personal use only Suite 5/11 Ventnor Avenue West Perth, WA 6005 PO Box 470 West Perth WA 6872 Tel: (08) 6424 8848 www.lunnonmetals.com.au Driller, Jack Lunnon (far right) overlooking Lake Lefroy from north side of Red Hill: with local and WMC dignitaries at site of KD1, discovery hole
Slide 20: Appendices – ASX announcements referenced
Appendices – ASX announcements referenced Disclaimer For personal use only References in this presentation are made to certain previous ASX announcements, which in turn may have included exploration results and Mineral Resources. For full details, drill hole additional details and JORC Table 1 Secti
Slide 21: Appendices: Mineral Resource Statement
Appendices Mineral Resource Statement For personal use only Foster Mine Indicated Inferred Total Cut-off Shoot Tonnes % Ni Ni metal Tonnes % Ni Ni metal Tonnes % Ni Ni metal (Ni %) 85H 1% 387,000 3.3 12,800 300,000 1.3 3,800 687,000 2.4 16,600 Foster 1% 223,000 4.7 10,500 116,000 4.8 5,500 340,000 4
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