Hammer Metals Limited · ASX:HMX
Hammer Metals — Resources Rising Stars Conference 2022
24 slides from Hammer Metals's conference presentation, Jun 8, 2022
Slide 1: Positioned for Growth & Success
Positioned for Growth & Success Copper-gold exploration in the world-class Mt Isa district, North Queensland Resources Rising Stars Conference Dan Thomas, Managing Director 7-8 June 2022 ASX: HMX @HammerMetals www.hammermetals.com.au 1
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement The announcement of this presentation on the ASX platform has been authorized by Daniel Thomas, It confirms that it is not aware of any new information or data that materially affects the information included Managing Director, Hammer Metals Limited in thos
Slide 3: Positioned in two of the world's great metal provinces
Positioned in two of the world’s great metal provinces MOUNT ISA PROVINCE One of the world’s 1 4 largest base metals provinces Quality copper and gold exploration Team that has made world portfolio class mineral discoveries MT ISA 2 5 YANDAL GOLD PROJECT Building copper inventory: Dominant position
Slide 4: Corporate Snapshot
Corporate Snapshot | ASX:HMX 815M $46M $6.4M Shares on issue Market Cap Cash ASX: HMX At $0.057 (6 Jun 2022) As at 31 Mar 2022 BOARD AND MANAGEMENT WITH A TRACK RECORD OF SUCCESS 26.5 M Russell Davis +30 years resources experience $40M Unlisted Options Nil Chairman Geologist with exploration and dev
Slide 5: Mt Isa Projects
Mt Isa Projects Queensland Hammer is committed to increasing its inventory of >400,000 tonnes of copper equivalent metal* ▪ Dual-track strategy to become a copper developer: ▪ Discover additional copper and gold inventory near existing JORC Resources ▪ Explore standalone large-scale Iron Oxide Coppe
Slide 6: Kalman – Our cornerstone asset
Kalman – Our cornerstone asset 100% HMX - 360kt of Copper Equivalent Metal ▪ In ground value of JORC resources based on current metal prices in excess of A$6 billion ▪ Indicated and Inferred Mineral Resource Estimate of 20Mt @ 0.61% Cu, 0.34g/t Au, 0.14% Mo, 3.7g/t Re ▪ Recent exploration results hi
Slide 7: Kalman Cu/Au/Mo/Re Deposit
Kalman Cu/Au/Mo/Re Deposit New drilling has intercepted shallow Cu/Au/Mo/Re mineralisation to the north of the existing JORC Resource at Kalman ▪ 50m*at 0.63% Cu, 0.01% Mo, 0.49g/t Au, 0.53g/t Ag, and 0.08g/t Re (0.79% CuEq†) from 20m in K-144, including: ➢ 16m* at 1.38% Cu, 0.01% Mo, 0.84g/t Au, 0.
Slide 8: Northern Minerals Hub
Northern Minerals Hub High impact exploration along underexplored copper trend with multiple undrilled exploration targets ▪ Building a critical mass of copper and gold resources within a 20km radius of Trafalgar ▪ Existing JORC resources at Kalman (100% HMX), Elaine (100% HMX), Overlander (100% HMX
Slide 9: Ajax – High Grade Cu-Au
Ajax – High Grade Cu-Au 11m at 5% Cu and 2.5g/t Au from 24m* - Plus, significant EM Conductor Defined ▪ Situated along the highly-prospective Trafalgar-to-Elaine trend, which extends over 13km and is littered with Cu/Au prospects ▪ Best drilling at Ajax returned an intercept of: ▪ 11m at 5% Cu and 2
Slide 10: Ajax East - Sulphides intersected – awaiting assays
Ajax East - Sulphides intersected – awaiting assays Target upgraded after intercepts of sulphides including pyrrhotite and chalcopyrite ▪ 6m interval of stringer sulphide mineralisation (including pyrrhotite and chalcopyrite) intersected within a 30m zone of highly altered metasediments, correspondi
Slide 11: IOCG Targets – Overlander Copper System
IOCG Targets – Overlander Copper System Large mineralised system with a strike of +6km – numerous significant copper intercepts ▪ High-priority IP anomaly was identified: ~200m below the existing Overlander South copper-cobalt JORC Resource (649,000t @ 1.0% Cu and 500ppm Co1) ▪ Results from drilling
Slide 12: Mount Isa East Joint Venture
Mount Isa East Joint Venture Sumitomo Metal Mining is earning a 60% interest in the JV areas ▪ JV has focused on exploring targets along the Trafalgar trend ▪ Multiple targets defined from detailed mapping, fixed loop EM and downhole EM surveys and historical copper workings ▪ Sixteen holes now dril
Slide 13: Upcoming Activities
Upcoming Activities What’s next? Multiple exploration programs progressing across Hammer’s 100%-owned and JV interests Hammer’s 100%-owned Mount Isa activities ▪ Diamond drilling results at new copper prospect – Ajax East ▪ Follow up drilling at Ajax East – RC rig secured – targets include Ajax East
Slide 14: Yandal Gold Projects
Yandal Gold Projects Western Australia Highly prospective, underexplored land package in the heart of the Yandal ▪ 260km2 tenement position in the highly prospective Yandal Gold Belt ▪ Proximal to existing multi-million-ounce resources including the 4Moz Bronzewing1 gold mine & 1.1Moz Orelia gold de
Slide 15: Aggressive Exploration | Ongoing and Results Driven
Aggressive Exploration | Ongoing and Results Driven News & Milestones Parallel workstreams to provide consistent news flow Q4-2022 Q1-2023 Q2-2023 June July Aug Sept Oct Mt Isa (QLD) Diamond drilling program (Ajax East, Mount Philip IOCG Target, Trafalgar) SMMO JV Program – DHEM, FLEM, IP, Geochemis
Slide 16: Contact
Contact Daniel Thomas, Managing Director daniel@hammermetals.com.au ASX:HMX @HammerMetals 28-30 Mayfair Street West Perth WA 6005 Phone: +61 8 6369 1195 www.hammermetals.com.au www.hammermetals.com.au 16
Slide 17: Elaine Deposit - Copper-Gold
Appendix Elaine Deposit - Copper-Gold 100% HMX owned and located 5km east from Hammer’s 51% controlled Jubilee project Inferred Mineral Resource Estimate of 9.3Mt @ 0.82% Cu & 0.19g/t Au Drilling has identified broad copper mineralisation, highlighted by up to 206m @ 0.53% Cu & 159m @ 0.50% Cu from
Slide 18: Neptune: Multiple Targets/Multiple Historical Workings
Appendix Neptune: Multiple Targets/Multiple Historical Workings IOCG target 2km west of Trafalgar| 100% HMX ▪ Three holes drilled at Lady Rose intersected copper and gold mineralisation. Significant Hammer intercepts include: ➢ 100m at 0.48% Cu and 0.18g/t Au from 173m1 ➢ 66m at 0.32% Cu and 0.07g/t
Slide 19: Bronzewing South – A New Perspective
Bronzewing South – A New Perspective Yandal Gold Project Lightly explored, adjacent to world-class orebody ▪ 5km strike length has multiple high-priority targets highlighted by geochemical, geophysical and structural analysis ▪ Limited exploration exceeding 100m depth across the property (29 RC/DD h
Slide 20: North Orelia - Successful drilling to date
North Orelia - Successful drilling to date Yandal Gold Project Mineralisation over a 2km strike length within multiple structures ▪ Drilling at Orelia North Target 1 provided prospective shallow gold results including1: ▪ 8m at 4.2g/t Au from 20m in BWSRC0025 including: ➢ 1m at 27.1g/t Au from 26m ▪
Slide 21: Kalman Resource Estimate & Notes on Copper Equivalence Calculation
Kalman Resource Estimate & Notes on Copper Equivalence Calculation and Metallurgical Recoveries The Kalman Mineral Resource Estimate was updated in August 2016 in accordance with the JORC Code (2012 Edition). (Refer to the ASX Release dated 27th September 2016 for full details of the Resource Estima
Slide 22: Overlander and Jubilee Mineral Resource Estimates
Overlander Mineral Resource Estimate Jubilee Mineral Resource Estimate The 100%-owned Overlander Project is situated 60 kilometres to the southeast of the mining centre of Mount Isa in North West The 51%-owned Jubilee Deposit is situated 50 kilometres west of Mount Isa in North West Queensland and 6
Slide 23: Elaine and Mt. Philp Mineral Resource Estimates
Elaine Project Mineral Resource Estimate & Notes Mt. Philp Mineral Resource Estimate Copper Eqv Calculation & Metallurgical Recoveries The 100%-owned Elaine Cu-Au deposit is situated on granted exploration licence 14022, approximately 50km east of Mount The Mineral Resource Estimate is based on 48 d
Slide 24: Notes
Notes www.hammermetals.com.au 24 www.hammermetals.com.au 24
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