Empire Resources Limited · ASX:ERL
Empire Resources — Shareholder Meeting (November 2021)
23 slides from Empire Resources's shareholder meeting presentation, Nov 23, 2021
Slide 1: Focussed on Building Value – AGM Presentation
For personal use only Focussed on Building Value AGM Presentation 23 November 2021 EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au
Slide 2: Disclaimer
Disclaimer For personal use only This presentation is for information purposes only. This presentation has been prepared by Empire Resources Limited (“Empire” or the “Company”) and contains general background information about Empire’s activities as at the date of this presentation (“Information”).
Slide 3: 2021 Highlights
2021 Highlights For personal use only Significant progress in exploration over the past 12 months 13,140m of drilling completed at Penny’s & Yuinmery Projects +1,500 soil samples collected at Nanadie Project Diamond drilling planned to commence December 2021 at Yuinmery Appointment of Exploration Ma
Slide 4: Investor Dashboard
Investor Dashboard For personal use only Capital Structure (at 22 November 2021) Board & Management Share Price $ 0.012 Michael Ruane Non-Executive Chairman FPO Shares Outstanding m 908.75 Sean Richardson Managing Director Cash (Unaudited) $m 2.08 Jeremy Atkinson Non-Executive Director Debt & Other
Slide 5: Investments – Penny's Gold Mine Royalty
Investments – Penny’s Gold Mine Royalty For personal use only 5% Net Smelter Royalty for first 50,000oz, 2.5% thereafter [4] Plus $400,000 in remaining staged milestone payments High grade gold mine 50km northeast of Kalgoorlie Open pit production – 138,272t @ 4.47g/t Au for 18,356oz Au [5] Undergro
Slide 6: Empire Projects
Empire Projects For personal use only 449km2 of granted tenements 387km2 in tenement applications Yuinmery (Au, Cu-Au, Cu-Ni-Co & PGM’s) 370km NE of Perth 7km to Youanmi Mine Site Nanadie (Cu-Au) 70km east of Meekatharra Penny’s Gold Project (Au) 45km NE of Kalgoorlie Barloweerie (Zn-Pb-Ag-Au) 150km
Slide 7: Yuinmery Project
Yuinmery Project For personal use only Polymetallic VMS base metals and orogenic gold mineralisation Multiple deposits, prospects and targets 2 deposits – 1 JORC Resource 26 prospects – 6 untested below 75m 18 defined targets – 9 untested by drilling +100,000m (>2,000 holes) of historical drilling O
Slide 8: Yuinmery – Base Metals
Yuinmery – Base Metals For personal use only EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au 8
Slide 9: Yuinmery – A Zone
Yuinmery – A Zone For personal use only 1.3km along strike from Just Desserts Previous intersections include [7] 12m @ 2.05% Cu fr. 138m (YRC18-01) 19m @ 1.9% Cu fr. 160m (YRC11-16) 7m @ 3.2% Cu fr. 192m (YRC11-26) 10m @ 1.8% Cu fr. 222m (YRC11-39) 8m @ 2.4% Cu Fr. 275m (YRC11-41D) Limited explorati
Slide 10: Yuinmery – Smiths Well
Yuinmery – Smiths Well For personal use only Broad zones of disseminated sulphides Extensive Cu-Ni-Co mineralisation Open along strike and down dip Recent 2021 RC drilling results [8] 16m @ 0.51%Cu, 0.16%Ni & 0.031%Co fr. 255m (YRC21-28) Diamond drilling planned for March Quarter 2022 EMPIRE RESOURC
Slide 11: Yuinmery – YT01
Yuinmery – YT01 For personal use only Target identified late 2019 Geochemical signature over 3.5km First pass AC drilling late 2019 RC drilling commenced early 2020 PGM mineralisation discovery [9] 20m @ 0.39% Cu & 0.11% Ni fr. 143m inc 12m @ 0.34g/t Pd, 0.11g/t Pt Recent 2021 RC drilling results [8
Slide 12: Nanadie Project
Nanadie Project For personal use only Copper-Gold mineralisation in Greenstones 127km2 granted exploration tenements Proximal to Nanadie Well Copper Project (ASX:CYM) 36.07Mt @ 0.42% Cu & 0.064g/t Au for 151kt Cu & 74koz Au [10] Minimal historical exploration Field exploration commenced September 20
Slide 13: Nanadie – Soils Sampling
Nanadie – Soils Sampling For personal use only +1,500 soil samples collected October 2021 Targeting prospective areas identified by geological mapping and geophysical imagery 200m line spacing, 50m sample spacing Aircore drilling programs dependant on results Results expected March Quarter 2022 EMPI
Slide 14: Penny's Gold Project
Penny’s Gold Project For personal use only 19.1km2 granted tenements 8.8km2 tenement applications 50km from Kalgoorlie Proximal to Penny’s Find Gold Mine (ASX:HRZ) 250,000 tonnes @ 5.22g/t Au for 42,000oz [6] Multiple targets, limited drill testing Targeting structurally controlled and supergene gol
Slide 15: Penny's Gold Project – PF09
Penny’s Gold Project – PF09 For personal use only Widespread supergene mineralisation Bedrock quartz, pyrite & arsenopyrite Recent RC drilling identified bedrock mineralisation Open in all directions Further aircore drilling planned to test extents of supergene mineralisation EMPIRE RESOURCES LIMITE
Slide 16: Penny's Gold Project – PF04
Penny’s Gold Project – PF04 For personal use only Dominant surficial arsenic plume Structurally controlled mineralisation Historical drilling ended in mineralisation and/or failed to reach design depth Recent RC drilling results [12] 4m @ 3.1g/t Au fr. 36m (PRC20-07) Open in all directions Further R
Slide 17: Barloweerie
Barloweerie For personal use only 150km west of Cue 112km2 granted tenements 378km2 under application Base metals and gold mineralisation Multiple walk-up Zn-Pb-Ag-Cu-Au targets Strong mineralisation in historical 1980’s drilling 5m @ 4.8% Zn fr. 38m (SDH34) 1m @ 3.9% Pb fr. 15m (SDH19) 5m @ 100.0g/
Slide 18: Barloweerie – B1 Prospect
Barloweerie – B1 Prospect For personal use only Outcropping mineralisation over 2km strike Granite-mafic intrusive/extrusive contact offset by NNE faulting Historical logging identifies mineralisation associated with intense silicification and sulphide minerals including chalcopyrite, sphalerite, ga
Slide 19: Summary
Summary For personal use only Excellent package of highly prospective exploration projects Multi-commodity: Au, Cu-Au, Cu-Ni-Co, PGM’s & Zn-Pb-Ag-Cu-Au Greenfields through to advanced exploration with existing JORC Copper Resource Reactivated exploration, continuous news flow Strong financial positi
Slide 20: For personal use only
For personal use only 159 Stirling Highway Nedlands, WA 6009 PO Box 1104 Nedlands, WA 6909 P: +61 (0)8 6389 1032 sean.richardson@resourcesempire.com.au www.resourcesempire.com.au ASX:ERL EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au 20
Slide 21: Appendix I – Just Desserts Copper-Gold Resource April 2016
Appendix I – Just Desserts Copper-Gold Resource April 2016 For personal use only JORC Resource to depth of 170m at 0.5% Cu lower cut off Indicated Inferred Total Weathering Tonnes Cu% Au g/t Ag g/t Tonnes Cu% Au g/t Ag g/t Tonnes Cu% Au g/t Ag g/t Partial 97,000 1.05 0.30 0.98 65,000 1.43 0.18 2.21
Slide 22: Appendix II – Competent Person Statements
Appendix II – Competent Person Statements For personal use only The information in this presentation that relates to Exploration Results is based on information compiled and/or reviewed by Mr Mark Shelverton, who is a Member of the Australian Institute of Geoscientists. Mr Shelverton is a full-time
Slide 23: Appendix III – Additional Information
Appendix III – Additional Information For personal use only Further details relating to the information in this presentation can be found in the following ASX announcements: 1. ASX:ERL “Exploration Manager Appointment” 1 November 2021 2. ASX:ERL “Sale of Dacian Shareholding” 20 October 2021 3. ASX:E
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