Enterprise Metals Limited · ASX:ENT
Enterprise Metals — Investor Presentation (June 2011)
50 slides from Enterprise Metals's investor presentation, Jun 30, 2011
Slide 1: Shareholder Presentation
Shareholder Presentation 30 June 2011
Slide 2: Disclaimer
Disclaimer This document has been prepared by Enterprise Metals Ltd (“Enterprise” or “the Company”) to provide an update of the Company to investors and potential new shareholders. This presentation should be read in conjunction with other public announcements and reports (including financial report
Slide 3: Issued Capital, Listed Options, Unlisted Options
Issued Capital 140.97 million shares Listed Options 22.78 million @ 25 cents (20/06/12) Unlisted Options 3.00 million @ 25 cents (22/11/12) 2.50 million @ 50 cents (30/06/12) Worldtex 3.22 million @25 cents (01/06/14) Share price $0.195 (close 29 June 2011) Market Capitalisation $27.5 million Cash a
Slide 4: Issued Capital and Fully Diluted (Pro Forma)
Issued Capital 202.97 million shares Listed Options 22.78 million @ 25cents (20/06/12) Unlisted Options 3.00 million @ 25 cents (22/11/12) 2.50 million @ 50 cents (30/06/12) Worldtex Options 3.22 million @ 25 cents (*2 year) *RI Group Options 20.0 million @ 25 cents (*3 year) *Sinotech Options 20.0
Slide 5: Enterprise Metals Ltd
ENTERPRISE METALS LTD ENTERPRISE ENTERPRISE ENTERPRISE ENTERPRISE IRON PTY LTD GOLD PTY LTD EXPLORATION PTY LTD URANIUM PTY LTD ——s LNT,
Slide 6: Create Shareholder Value
“Create Shareholder Value…..” by “discovery and/or acquisition under safe title of large & highly profitable deposits of iron ore, gold, base metals & uranium…..” within “the Archaean Yilgarn Craton & surrounding Proterozoic Basins & Orogenic Zones of Western Australia, taking into consideration ins
Slide 7: Project Locations
PROJECT LOCATIONS Iron Ore Uranium Burracoppin Yalgoo Sylvania Byro Booylgoo Darlot Earaheedy Harris Lake Cunderdin Gold Darlot Base Metals Burracoppin Doolgunna Wattagee Darlot Fraser Range Wattagee Yalgoo
Slide 8: Massive hematite outcrop, Sylvania Project
Massive hematite outcrop, Sylvania Project
Slide 9: Acquire and drill test high quality targets near infrastructure
Acquire and drill test high quality empirical or conceptual targets in areas of installed infrastructure, with a focus on Direct Shipping Ore (“DSO”) ie. High grade hematite- goethite, (+/-magnetite).
Slide 10: Sylvania targets: Hamersley style, CID and DID
Targets: Proterozoic hematite deposit, “Hamersley style” & Channel Iron (CID) or Detrital Iron (DID) deposits on Fortescue River Fault. 2011 Plan: RC drill test of CID/DID and bedded hematite targets. POW submitted. Outcropping Joffre(?) Hematite at Sylvania
Slide 11: Burracoppin Project
* te J jin: & Burracoppin:Projects Edna May Au J ot © > |e Railway 1 (=) Project Boundary Archaean Greenstone belts hosting BIF within gneissic terrane. > Heavy duty standard gauge railway, water, power, other services. FAT, > Deepwater ports at Kwinana and Esperance.
Slide 12: 50km strike of Archaean Westonia greenstone belt
50km strike of Archaean “Westonia” greenstone belt (Fe, Au, PGE potential) Some scattered outcrops of Bif and goethite and some hematite scree. Same rocks as host Edna May goldmine. (100,000pa gold producer) Flat, deeply weathered, little outcrop, “farmers wheat paddocks.” 2011 Plan: Mappi
Slide 13: Aeromagnetic surveys flown by Enterprise
100m line spaced aeromagnetic surveys flown by Enterprise. 10’s km of linear magnetic anomalism defined, some associated with subcropping & mapped Bif. Magnetic lows may represent deep weathering & hematite. Gold potential at Burgess Find. PGE potential in magnetic mafic - ultramafic intru
Slide 14: Access Agreements signed with farmers
Massive goethite 2011: “Access Agreements” signed with farmers to allow RC drilling.
Slide 15: Burgess Find Gold Target
Burgess Find Gold Target High grade gold in veins at sheared contact between mafic/ultramafic unit to west and gneiss to east. Soil sampling indicates gold anomalism over 2km of strike. Soil sampling not completed due to transported cover. (RAB/aircore drilling required) Limited shallow hist
Slide 16: Burgess Find drill sections
Be aurgess Find é ARNOLD RD kee "|Easter 7 Shaft ie © Drill Hole ® Shaft —— Section Location - Minor Road [Tenement Granted 2 ~ Weathevect x Tm@asgitAu from Om Mafic Granulite Tm G06 gt AU from 18m " 20m im@osghAu from 13m Prospectors Shaft Depth unknown 10m, 20m [4m @ 11.0 g/t Au from 13m] includin
Slide 17: The Duck PGE Target
“The Duck” PGE Target PGE potential in magnetic mafic - ultramafic intrusive. Deeply weathered and lateritised. Highly anomalous Platinum and Palladium geochemistry, particularly around margins. Aircore drilling required to determine fresh rock source. Possible IP surveys around margins to
Slide 18: Cunderdin Mag Target
Cunderdin Mag Target No outcrop, deeply weathered, wheat paddocks, private land, no Native Title. Magnetic survey completed. 100km of linear magnetic anomalism, potentially some Bif. Magnetic lows may represent deep weathering and hematite. RC drilling along roads (eastern mag linear, 21 hol
Slide 19: Potential Channel Iron and Detrital Iron deposits
Test gravity profiles Targets: Potential Channel Iron (CID) & Detrital Iron (DID) deposits (eg Koodaideri like) Proterozoic Bif’s in Earaheedy/Nabberu Basin. “Magnetic channels” - 400m line spaced magnetics suggest CID/DID’s present. 600sq km exploration licence granted April 2011. 2011 Plan
Slide 20: Digital terrain image on 1st VD magnetic image
High ground Valley floor Digital terrain image superimposed on 1st VD magnetic image
Slide 21: Historical mapping shows folded Bif
Historical mapping shows folded Bif. Only 400m line spaced aeromagnetic survey available. 20km of mapped Bif, but non-outcrop areas need drill testing for hematite/goethite DSO. Possible southern extension of Joiners Find greenstone/Bif sequence (refer Golden West Wiluna Project) Awaiting
Slide 22: Gold & Base Metals Projects
GOLD & BASE METALS PROJECTS Doolgunna Heritage Survey Doolgunna Station – Exploration Basecamp
Slide 23: Gold & Base Metals Strategy
GOLD & BASE METALS STRATEGY GOLD Explore below known oxide gold zones for high grade primary ore, within trucking distance of competitors Mills. Eg Darlot, Yalgoo, Burracoppin. BASE METALS Explore prospective Proterozoic Volcanics and Sediments near De Grussa (VMS and shale hosted), & Archaean Felsi
Slide 24: 2011 Action Plan
2011 Action Plan Follow up Doolgunna 2010 soil/IP targets (DeGrussa VMS style) RC drilling planned. IP surveys over “Isa Style” sediment hosted targets generated along SBF.
Slide 25: Sandfire Resources DeGrussa VMS Resource
Sandfire Resources NL DeGrussa VMS Resource 10.67 million tonnes 5.6% Cu 1.9g/t Au 15g/t Ag for 600,000 tonnes copper 660,000 ounces gold 5.1m ounces silver
Slide 26: 1st Target: Proterozoic VMS Cu/Zn deposits
1st Target: Proterozoic VMS Cu/Zn deposits Initial focus on tenements along Goodin Fault, in Narracoota Volcanics. Detailed soil sampling completed. (2,500 samples) IP surveys commenced December 2010 but not completed until early 2011. 12 IP targets identified for RC drill testing. POWs subm
Slide 27: 2nd Target: Proterozoic Shale Hosted Cu/Zn deposits
2nd Target: Proterozoic Shale Hosted Cu/Zn deposits Potential for “Mt Isa” style massive sulphides along Southern Boundary Fault (SBF). Orientation IP surveys to be conducted over SBF in areas of low magnetics (conversion of iron oxides to iron sulphides) at REDOX boundary?
Slide 28: Interpretation
INTERPRETATION Strong IP / Moderate Conductivity Strong IP / Weak Conductivity Moderate IP / Weak Conductivity Moderate IP / Conductivity ‘Weak IP / Conductivity <==. |P anomalies/Ag soil Geochem & Mag ooe-,| Doolgunna Formation Sediments alg? op her pp. es2i2049 ENT | | Es2/2404 | Geology Interpret
Slide 29: Narracoota & Karalundi Formations
Narracoota & Karalundi £51n307 yD \ Ruby Well West — pal ub We Formations eA Kae | N ) aa ‘ ~ ; eer Ave 100 Ruby Wal > oodin ° oO ses1t0 75 Doolgunna “7 Est168 51/1301 Formation 8 Ruby Well So = | * : sa > = = 5 Target ~~ 12a50N | ; |* me _ Gold | = | lal SS “ Occurrence ~ an ee : . a (Tenement == I
Slide 30: Darlot Project
Darlot Project Historic Gold drilling results on magnetics Targets: Archaean orogenic Au deposit & VMS Cu/Zn deposits Excellent gold/base metal targets based on previous RAB drilling & structural interpretation. Favourable stratigraphy, under-drilled. Hungry mill at Bronzewing. POW submitted
Slide 31: Darlot North
Darlot North Modelled IP Chargeability Section over 1st VD Magnetic Image IP t IP Chargeability 2D Model IP Chargeability 2D Model
Slide 32: Darlot South
Darlot South Targets: Archaean orogenic Au deposit & VMS Cu/Zn deposits Felsic volcanic sequence hosting Jaguar and Bentley present in ENT Darlot South tenements. Area drilled for gold in 1980-1990’s. Study completed to assess drill holes for re-sampling for base metals (inc Cd) and alteration mi
Slide 33: Magnetics
Magnetics Targets: Archaean orogenic Au deposit & Proterozic NiS/PGE deposits Covers prospective Archaean greenstones and Proterozic suture / Albany-Fraser Orogen. 5 M oz “Tropicana” style conceptual gold targets. Airborne surveys completed. Soil sampling required.
Slide 34: Geology
Geology Targets: Archaean orogenic Au deposit & VMS Cu/Zn deposits Covers prospective Archaean greenstone & felsic volcanics. “Big Bell” style conceptual targets for gold along Cuddingwarra Shear. Historical RC results of 4m @ 17.9g/t Au and 2010 RC results of 8m @ 5.8g/t Au at Stockyard East.
Slide 35: Calcrete outcrops, Yalgoo Project
Calcrete outcrops, Yalgoo Project
Slide 36: Airborne surveys to identify uranium anomalies
Detailed airborne magnetic/radiometric surveys to identify uranium anomalies associated with calcrete and greenstone, And then Aircore drill testing
Slide 37: Yilgarn Uranium Model
Yilgarn Uranium Model Yalgoo/Byro/Darlot Generic Model: Formation of calcrete hosted uranium deposits over greenstone belts Source: Roberts, I (GSWA Seminar 2009) Modified from: Hou et al., MESA Journal 46
Slide 38: Geology & Location Plan
Geology & Location Plan Strong airborne radiometric response associated with calcrete over Proterozoic basement (Byro) and Archaean greenstone (Yalgoo) Granted tenements at Yalgoo and Byro Aircore drilling planned for Yalgoo POW submitted
Slide 39: Yalgoo Project
Yalgoo Project (100%) Uranium channel Calcrete 29ppm U 50ppm U 250ppm U Up to 418ppm U
Slide 40: Google Earth Image with Rockchip Assays
Google Earth Image with Rockchip Assays Whitish patches represent extensive Calcrete horizon below soil/sand plain
Slide 41: Target: Calcrete hosted uranium deposit
(100%) RGB Radiometric Image RGB Radiometrics Isometric projection Target: Calcrete hosted uranium deposit Strong airborne radiometric response with calcrete over Proterozic basement complex and Archaean greenstone Awaiting grant of tenement, aircore drilling proposed
Slide 42: Byro and Yeelirrie analogy
Strong analogy between Byro and Yeelirrie, Australia’s largest calcrete hosted Uranium deposit @ 52,500 tonnes contained U3O8 (BHP Billiton)
Slide 43: Darlot Project
Darlot Project Uranium Channel Image Airborne uranium response over Archaean greenstone belt (Lake Darlot) Granted tenements Aircore drilling planned for 2011
Slide 44: Harris Lake Project
Harris Lake Project Regional Geology Strong airborne radiometric responses associated with lake sediments over contact between Archaean greenstones & Proterozoic basement . Sediment hosted-(roll front model) Aircore drilling planned.
Slide 45: Harris Lake Project
Harris Lake Project Uranium Channel over Digital Terrain Image Target A: A strong discrete elongate (1,500m x 200m) uranium response. Target B: Coincident with an isolated “oxbow” off the main drainage system. A discrete (1,000m x 150m) uranium response. Target C: Main anomalous uranium response, 10
Slide 46: Directors/Management Team
DIRECTORS/MANAGEMENT TEAM Paul Larsen - Non Executive Chairman Successful private company director 26 years experience in construction, management & major projects Dermot Ryan - Managing Director FAusIMM, CP (Geo) Geologist with 34 years multi-commodity experience 20 years CRA Ltd inc. HI (i
Slide 47: Subsidiary of Sinotech Minerals Exploration Co., Ltd.
Subsidiary of Sinotech Minerals Exploration Co., Ltd. Major shareholder (45%) is Beijing Institute of Geology for Mineral Resources (BIGM), a Chinese government owned/controlled entity. Their focus is exploration, mine development and geo-services. Sinotech aims to create an international ex
Slide 48: Dr. Jingbin Wang and Dr. Zhen Huang
Dr. Jingbin Wang BSc, MSc, PhD Geologist with 24 years multi-commodity, multi-national experience. Executive Director of China Nonferrous Metals Resource Geological Survey. President of the Beijing Institute of Geology for Mineral Resources since 2002 Chairman of Sinotech Minerals Exploratio
Slide 49: Ms Anna Mao MBA
Ms Anna Mao MBA Businesswoman, leader, entrepreneur, 19 years in finance and operations. CEO & Director Worldtex Capital Resources Limited, Hong Kong. MBA from Richard Ivey Business School of Western Ontario University in 2001. Director /Founder Sino Link Capital Resources Limited, and Dir
Slide 50: Reporting of Exploration Results
Reporting of Exploration Results The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dermot Ryan, a Fellow of the Australasian Institute of Mining & Metallurgy. Dermot Ryan is a Director of the Company and a
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