Somerset Minerals Limited · ASX:SMM
Somerset Minerals — Tempus Resources — Investor Presentation (October 2023)
30 slides from Somerset Minerals's investor presentation, October 2023
Slide 1: Lithium acquisition and high-grade gold in Canada
Lithium acquisition and high-grade gold in Canada ASX: TMR TSX.V: TMRR October 2023 OTC: TMRFF
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain “forward-looking information” within the expectations contained in, the forward-looking information and statements are meaning of applicable Canadian securities legislation. Such forward-looking reasonable, undue reliance should not be placed on such inf
Slide 3: Capital Structure
CAPITAL STRUCTURE Listed on the ASX (TMR), TSX.V (TMRR) and OTC (TMRFF) Share and Capitalization Metrics Shareholder Structure Issued and 342.9M Outstanding1 Institutional Investors Options/Warrants on 179.8M (~10%) Issue2 (Ex price 145.5m @ A$0.075, Board/Management remainder A$0.09 - A$0.37) /Insi
Slide 4: Management & Board
MANAGEMENT & BOARD Board Management Alexander Molyneux - Non-Executive Chairman Jason Bahnsen – President & CEO Mining industry executive and financier with 20+ years industry Mining engineer with over 30 years of experience in natural experience. Serves on several public company boards, including r
Slide 5: Manitoba Lithium Option
MANITOBA LITHIUM OPTION White Rabbit & Cormorant Projects
Slide 6: Manitoba Lithium Option – White Rabbit and Cormorant Projects
MANITOBA LITHIUM OPTION – White Rabbit and Cormorant Projects > On 21 September 2023, Tempus announced the acquisition of an option over the Cormorant and White Rabbit lithium exploration projects in central Manitoba. > Cormorant and White Rabbit Projects are located in a newly emerging lithium dist
Slide 7: Manitoba Lithium – Option Terms
MANITOBA LITHIUM – Option Terms Summary of Key Transaction Terms Tempus has executed a binding Heads of Agreement to acquire an option over 100% of the White Rabbit and Cormorant Project mineral claims (claims are currently in the application process) in consideration of: 1. Exclusivity Payment: Pay
Slide 8: White Rabbit Lithium Project
WHITE RABBIT LITHIUM PROJECT > Located 40km north of Cross Lake community and 100km southeast of Thompson, MB (adjacent to major railway and power infrastructure) > Approximate 70km2 claim area > Bedrock geology at White Rabbit displays a greenstone belt over 15km in length (Mafic volcanic rocks – p
Slide 9: White Rabbit Lithium Project
WHITE RABBIT LITHIUM PROECT Photos of White Rabbit outcrops showing pegmatite dyke > Tempus geologists visited the White Rabbit project site on 13 September 2023, the team observed irregular pegmatite dykes dispersed throughout the granite intrusive rocks > Three rock samples were taken as part of T
Slide 10: Cormorant Lithium Project
CORMORANT LITHIUM PROJECT > Located approx. 40km southwest of the town of The Pas, Manitoba, population 5,000 > The project is adjacent to major power and railway infrastructure and is accessible year round > Total claim area ~ 187kmᶻ > Claims are within the Trans Hudson Orogeny group rocks (metavol
Slide 11: Cormorant Lithium Project
CORMORANT LITHIUM PROJECT > Tempus has obtained the drill logs for six of the historic drill holes which indicate the presence of intersections of pegmatite mineralisation up to 33 metres in thickness > The drill core for drill hole 180-2, drilled in 1979, is stored in the Manitoba Geological Servic
Slide 12: Cormorant Historic Drilling
CORMORANT HISTORIC DRILLING Depth From Depth Interval Drill ID (m) To (m) (m) Mineralisation 78.48 92.11 13.62 Granite: grey, massive with some pegmatite sections, minor garnet 180-1 124.35 132.76 8.41 Granite: grey, medium grained, massive, minor pegmatite sections Pegmatite: orangish-grey, fine co
Slide 13: British Columbia, Canada – Elizabeth / Blackdome Gold Projects
BRITISH COLUMBIA, CANADA ELIZABETH / BLACKDOME GOLD PROJECTS TEMPUS RESOURCES LTD. (ASX: TMR / TSX.V TMRR) | 13
Slide 14: Flagship Elizabeth-Blackdome Gold Project
FLAGSHIP ELIZABETH-BLACKDOME GOLD PROJECT LOCATED IN ACTIVE SOUTHERN BRITISH COLUMBIA GOLD DISTRICT BRITISH COLUMBIA, CANADA ELIZABETH / BLACKDOME GOLD PROJECTS TEMPUS RESOURCES LTD. (ASX: TMR / TSX.V TMRR) | 14
Slide 15: Elizabeth Gold Project and Blackdome Mine
ELIZABETH GOLD PROJECT AND BLACKDOME MINE High Grade Gold Exploration with Future Options for Fast Tracking Production Elizabeth Gold Project > High-grade mesothermal gold mineralisation presenting itself in wide (~1.5 - 5m) vein sets > Potential for processing at Blackdome Mill (metallurgical tests
Slide 16: Elizabeth – Ongoing Drilling Program
ELIZABETH – ONGOING DRILLING PROGRAM ➢ Since acquiring the project Tempus has discovered 3 new veins and completed 80 drill-holes ➢ Extensions to No. 9 Vein, No. 9 Vein, Blue Vein, West/Main Veins and Ella Vein Zone Note: Elizabeth Project Vein locations and drill plans presented above were previous
Slide 17: Elizabeth – No 9 Vein
ELIZABETH – No 9 Vein o EZ-22-20 – Multiple bonanza grade zones ▪ 28.1g/t gold over 28.50m from 84.40m, including: • 167.1g/t gold over 1.35m from 94.65m; • 175.2g/t gold over 1.08m from 97.00m; and • 35.2g/t gold over 3.65m from 104.35m, and ▪ 4.2g/t gold over 6.75m from 209.55m, including: • 35.6g
Slide 18: Elizabeth Blue Vein – Bonanza Grade Results
ELIZABETH BLUE VEIN – BONANZA GRADE RESULTS > Newly discovered “Blue Vein” 150 m NW of the SW Vein, Highlights include: > Visible gold high grade in EZ-21-12 1.0m @ 33.7 g/t gold, 0.5m @ 26.4 g/t gold > EZ-21-25 2.7m @13.4 g/t gold including 0.5m @ 71.3 g/t gold > EZ-22-03 0.42m @ 523 g/t gold and 0
Slide 19: Elizabeth – South West Vein
ELIZABETH – SOUTH WEST VEIN ➢ Drilling completed in 2020/2021, 35 drill-holes with vein intersections 1.0 to 6.0 metres extending and infilling areas high-grade gold mineralisation zones Visible gold in 2010 drill core from Elizabeth Note: Elizabeth Project Vein locations and drill plans presented a
Slide 20: Elizabeth – Focus on Resource Expansion Leading to Fast Track Development
ELIZABETH – FOCUS ON RESOURCE EXPANSION LEADING TO FAST TRACK DEVELOPMENT > More than 9 known vein sets on the property with high potential for additional discoveries. > SW Vein (143,900oz at 13.63 g/t gold historical resource) extended 150-200m below surface and 400m along strike > Tempus discovere
Slide 21: Elizabeth – High-Grade Drilling Results
ELIZABETH – HIGH-GRADE DRILLING RESULTS ➢ Tempus has completed over 19,500 metres of drilling, over a total of 80 holes since drilling began at Elizabeth in 2020, ➢ SW Vein (143,900oz at 13.63 g/t gold historical resource) extended 150-200m below surface, 400m strike Significant intersections from t
Slide 22: Elizabeth – The Bigger Game
ELIZABETH – THE BIGGER GAME > June 2021 airborne geophysical survey has identified the potential for a much larger scale gold system at Elizabeth in both overall footprint and depth > Rock sampling completed in June 2023 indicates potential for additional gold vein sets at Elizabeth East (2.5km East
Slide 23: Elizabeth – The Bigger Game
ELIZABETH – THE BIGGER GAME > June 2021 geophysical surveys also show the Blue Creek Porphyry is at least 4x larger than previously defined and extends to at least 2km below surface (~10x deeper than currently drill-tested) > The interpretation suggests that the high- grade Elizabeth veins may exten
Slide 24: Blackdome Mill - Provides Fast Track to Production
BLACKDOME MILL - PROVIDES FAST TRACK TO PRODUCTION > Restart study currently underway lead by JDS Mining. > Blackdome Project is approximately 30km north of the Elizabeth Project and is connected via contiguous claims along an existing forestry track. > The Blackdome Mine includes a 200 tonne/day co
Slide 25: Elizabeth – Metallurgy
ELIZABETH – METALLURGY Metallurgical testing confirms recoveries up to ~95% either by using existing Blackdome plant process to recover gold into concentrate or using conventional CIL / CIP to produce gold doré1 Existing Blackdome Plant Process Conventional Carbon-In-Leach / Carbon-In-Pulp Process P
Slide 26: Blackdome Exploration Potential
BLACKDOME EXPLORATION POTENTIAL > Tempus has identified additional exploration targets at Blackdome that will be followed up in 2023 > Total of 26 holes were completed in 2020 for a total of 5,087m > Results indicate broad mineralized alteration zones surrounding High-grade epithermal Au-Ag veins wi
Slide 27: Other Projects
OTHER PROJECTS
Slide 28: Ecuador - Zamora Projects (Valle del Tigre / Rio Zarza)
ECUADOR - ZAMORA PROJECTS (Valle del Tigre / Rio Zarza) > Tempus’ projects in Ecuador are located in heart of the Cordillera del Condor mineral belt of southeast Ecuador that host numerous major gold and copper porphyry deposits. > Projects are early exploration stage. > The Valle del Tigre Project
Slide 29: www.tempusresources.com.au
Level 2, 22 Mount Street, Perth WA 6000, Australia +61 8 6188 8181 @ResourcesTempus www.tempusresources.com.au
Slide 30: Appendix – Elizabeth/Blackdome Historical Resource Estimates
APPENDIX – ELIZABETH/BLACKDOME HISTORICAL RESOURCE ESTIMATES > Historic resources of approximately 300k oz of gold (50k oz Indicated / 250k oz Inferred) across the Blackdome-Elizabeth mineral claims. > Historic resource estimates were done at a gold price of US$1,000 per ounce (current spot US$1,725
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