Empire Resources Limited · ASX:ERL
Empire Resources — Investor Presentation (May 2021)
20 slides from Empire Resources's investor presentation, May 10, 2021
Slide 1: Focussed on Building Value
For personal use only Focussed on Building Value Investor Presentation 10 May 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: Highlights
Highlights For personal use only Excellent package of exploration assets Yuinmery Project (Au, Cu-Au & Cu-Ni-Co) – Advanced VMS/gold exploration asset 7km from Youanmi Penny’s Gold Project – Brownfields gold 45km from Kalgoorlie Barloweerie (Zn-Pb-Ag-Cu-Au) – Exciting Greenfields exploration 150km w
Slide 4: Investor Dashboard
Investor Dashboard For personal use only Capital Structure (at 7 May 2021) Board & Management Share Price $ 0.013 Michael Ruane Non-Executive Chairman FPO Shares Outstanding m 908.75 Sean Richardson Managing Director Cash (Unaudited) $m 1.33 Jeremy Atkinson Non-Executive Director Listed Investments
Slide 5: Investments – Dacian Gold
Investments – Dacian Gold For personal use only Strategic investment in Dacian Gold (ASX:DCN) Initial $1.5M investment in NTM Gold in July 2019 NTM merger with DCN netted ~17M DCN shares Current holding ~13.5M DCN shares ASX:DCN Share Price Performance $4.6M valuation @ $0.34/share (7 May 2021) 60 5
Slide 6: 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% thereafter1 Plus $400,000 in remaining staged milestone payments High grade gold mine 50km northeast of Kalgoorlie2 Open pit production – 138,272t @ 4.47g/t Au for 18,356oz Au Underground Re
Slide 7: Empire Projects
Empire Projects For personal use only +220km2 of granted tenements Yuinmery (Au, Cu-Au, Cu-Ni & PGM’s) 370km NE of Perth 7km to Youanmi Mine Site Penny’s Gold Project (Au) 45km NE of Kalgoorlie 26km to Kanowna Gold Mine Barloweerie (Zn-Pb-Ag-Au) 112km2 150km west of Cue EMPIRE RESOURCES LIMITED ASX:
Slide 8: 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 Copper Resource 26 prospects – 6 untested below 75m 18 targets – 11 untested by drilling +100,000m (+2,000 holes) of historical drilling O
Slide 9: Yuinmery – Base Metals
Yuinmery – Base Metals For personal use only EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au Refer to ASX:ERL “Widespread Cu,Au,Ni Mineralisation in AC Drilling - Yuinmery” 15 February 2021 9
Slide 10: Yuinmery – A Zone
Yuinmery – A Zone For personal use only 1.3km along strike from Just Desserts Previous intersections include1 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 exploration
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 44m @ 0.44% Cu fr. 40m (YRC20-02) 44m @ 0.47% Cu Au fr. 88m (YRC20-14) PGM mineralisation discovery1 20m @ 0.39% Cu & 0.11% Ni fr. 143m
Slide 12: Penny's Gold Project
Penny’s Gold Project For personal use only 23.9km2 tenements 45km from Kalgoorlie Proximal to Penny’s Find Gold Mine (ASX:ONX) 1 248,000 tonnes @ 7.04g/t Au for 56,000oz Multiple targets, limited drill testing Targeting structurally controlled and supergene gold 5 drill ready targets – 3 untested be
Slide 13: Penny's Gold Project – PF09
Penny’s Gold Project – PF09 For personal use only Widespread supergene mineralisation Bedrock quartz, pyrite & arsenopyrite Recent RC drilling results1 1m @ 7.27g/t Au fr. 153m (PRC20-03) 8m @ 1.02g/t Au fr. 60m (PRC20-05) Open in all directions 1 EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempir
Slide 14: 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 results1 4m @ 3.1g/t Au fr. 36m (PRC20-07) Open in all directions 1 EMPIRE RESO
Slide 15: Barloweerie
Barloweerie For personal use only 150km west of Cue 112km2 granted 433km2 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/t Ag fr. 2
Slide 16: 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 17: 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 18: 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 18
Slide 19: Appendix I – Just Desserts Copper-Gold Resource April 2016
1 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 2.2
Slide 20: 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 Melanie Sutterby, who is a Member of the Australian Institute of Geoscientists. Miss Sutterby is an employee of