Aeon Metals — Investor Presentation (March 2019)
21 slides from Aeon Metals's investor presentation, March 2019
Slide 1: Walford Creek: Australia's Premier Copper-Cobalt Development Project
WALFORD CREEK: AUSTRALIA’S PREMIER COPPER-COBALT DEVELOPMENT PROJECT March 2019
Slide 2: Important Information
IMPORTANT INFORMATION This document has been prepared by Aeon Metals Limited (Aeon) for the purpose of providing a comprehensive company and technical overview to interested analysts and investors. This document is not a prospectus and should not be considered an offer or an invitation to acquire sh
Slide 3: Lithium Ion Battery Industry Is Preparing for Massive Growth
LITHIUM ION BATTERY INDUSTRY IS PREPARING FOR MASSIVE GROWTH The advent of electric vehicles (EVs) and Build out of lithium ion battery capacity from 2018 to 20281: the emergence of battery energy storage has sparked a wave of lithium ion battery megafactories being built. ~70 lithium-ion battery me
Slide 4: Cobalt Demand 4 Fold
COBALT DEMAND 4 FOLD Lithium-ion Battery Megafactory Raw Demand Electric Vehicle Sales at 100% utilisation rate Tit bits: Even without EV demand, cobalt is a tight market Largest single use of cobalt is in smartphones (not EV’s) Only 10% of cobalt is currently consumed in EV’s Market timeline for co
Slide 5: Board, Management Team & Capital Structure
BOARD, MANAGEMENT TEAM & CAPITAL STRUCTURE A$0.27 673M A$182M A$3.7M2 A$4M 20 AML.ASX over three years $0.50 Millions SHARE PRICE 1 SHARES MARKET CAP1 CASH LIMITED 18 $0.45 OUTSTANDING RECOURSE 16 Trading Volume $0.40 VENDOR DEBT3 14 $0.35 12 $0.30 10 $0.25 8 $0.20 CHAIRMAN, PAUL HARRIS 6 $0.15 27 y
Slide 6: A World-Class Copper-Cobalt Project
A WORLD-CLASS COPPER-COBALT PROJECT 100% AML owned Walford Creek Project The highest grade significant cobalt deposit in Australia Material upside along +20km strike HISTORICAL DRILLING ~88,420m ▪ 1989-1996: WMC 93 holes (DD/RC) = 16,100m ▪ 2004-2006: Copper Strike 30 holes (RC) = 3,500m ▪ 2010-2012
Slide 7: Geological Code Unlocked
GEOLOGICAL CODE UNLOCKED Mineralisation is both structurally and lithologically controlled – Fish River Fault (FRF) and Pyrite Units (PY1 and PY3). PYI from ~25m. PY3 from ~140m PY1 Sedimentary exhalative (SEDEX) deposit - Massive sulphides Pyrite lenses containing Pb-Zn-Ag. Secondary event: Cu-Co h
Slide 8: 100% Owned Tenement with +20km Strike
100% OWNED TENEMENT WITH +20KM STRIKE AEON METALS | ASX:AML 8
Slide 9: Current Resources (Feb 2019)
CURRENT RESOURCES (Feb 2019) Vardy & Marley Copper Lode Resource Estimate Category Mt Cu % Pb % Zn % Ag g/t Co % Py % CuEq % Measured 2.9 1.19 0.93 0.94 26 0.15 42 2.24 Indicated 10.6 1.12 0.89 0.76 28 0.13 37 2.05 Inferred 4.1 1.16 0.78 0.57 29 0.13 36 2.01 Total 17.6 1.14 0.87 0.74 28 0.13 38 2.07
Slide 10: Current Resources (Feb 2019)
CURRENT RESOURCES (Feb 2019) Vardy & Marley Cobalt Peripheral Resource Estimate Category Mt Cu % Pb % Zn % Ag g/t Co % Py % CuEq % Measured 2.4 0.14 0.81 1.34 20 0.11 46 1.12 Indicated 11.0 0.17 0.80 1.00 21 0.10 37 1.03 Inferred 6.4 0.15 0.92 0.83 24 0.11 36 1.02 Total 19.8 0.16 0.84 0.99 22 0.10 3
Slide 11: Current Resources (Feb 2019)
CURRENT RESOURCES (Feb 2019) Vardy, Marley, and Amy Copper Lode Resource Estimate3 Category Mt Cu % Pb % Zn % Ag g/t Co % Py % CuEq % Measured 2.9 1.19 0.93 0.94 26 0.15 42 2.25 Indicated 10.6 1.12 0.89 0.76 28 0.13 37 2.05 Inferred 5.9 1.26 0.77 0.55 30 0.13 40 2.15 Total 19.4 1.17 0.86 0.72 28 0.1
Slide 12: Aeon Metals | ASX:AML
AEON METALS | ASX:AML 12
Slide 13: 2018 Drill Program
2018 Drilling - Significant Intercepts Hole No. Intersect Cu Co Ag From Location 2018 DRILL PROGRAM m % % g/t m WFDD272 14 1.33 0.19 35 186 Marley WFRC274 13 1.03 0.08 30 168 Vardy WFPD280 33 1.60 0.08 28 145 Vardy incl 17 2.72 0.10 33 161 2018 Drill Program commenced in April and was a huge WFPD281
Slide 14: Metallurgical Testwork in Progress
METALLURGICAL TESTWORK IN PROGRESS Refining metallurgical process parameters set out in the 18 April 2017 Cobalt Roasting Scoping Study: • Concentrator – Cu, Pb, Zn conc • Roaster – Co & Ag product, Sulphuric Acid Metallurgical teswork program designed by engineering consultant Wood plc 1.6t materia
Slide 15: Indicative Project Parameters
INDICATIVE PROJECT PARAMETERS Feasibility items (Mining, Metallurgy, Environmental, Infrastructure/Logistics) in progress utilising first class, respected consultants. Indicative Project Parameters based on Roasting Scoping Study1 utilising 1.25mtpa Run-of-Mine Ore and subject to future modular expa
Slide 16: Indicative Targets
INDICATIVE TARGETS 1 Infill and expansion (along strike) drilling – COMPLETED 31 OCTOBER 2018 Resource Upgrade – COMPLETED 25 FEBRUARY 2019 Metallurgical Flowsheet – Q1/Q2 2019 Feasibility Study – Q2/Q3 2019 Resource/Reserve/Exploration Drill Campaign – Q2->Q4 2019 Mining Lease + Environmental Autho
Slide 17: Investment Summary
INVESTMENT SUMMARY Advanced copper and cobalt project: • Leading Australian copper development. • The highest grade significant cobalt deposit in Australia Leveraged to strong growth in cobalt and copper prices Clear and consistent exploration model 36,032m drill program completed • Resource upgrade
Slide 18: Aeon Metals Mount Isa Office
Aeon Metals Mount Isa Office AEON METALS | ASX:AML 18
Slide 19: Appendices
APPENDICES AEON METALS | ASX:AML 19
Slide 20: Appendix 1: Geological Model Description
APPENDIX 1: GEOLOGICAL MODEL DESCRIPTION A. Shallow holes from 50m to 80m intercept both possible supergene mineralisation together with strong copper and cobalt mineralisation associated with the PY1 in close proximity to the FRF. B. Drilled behind the shallow holes. These holes from 70m to 110m ca
Slide 21: Appendix 2: Historical Significant Intercepts
APPENDIX 2: HISTORICAL SIGNIFICANT INTERCEPTS 2010-2012 Drilling - 10 Sig Holes 2016 Drilling - 15 Sig Holes 2017 Drilling - 15 Sig Holes Hole No. Intersect Cu Co Ag From Location Hole No. Intersect Cu Co Ag From Location Hole No. Intersect Cu Co Ag From Location m % % g/t m m % % g/t m m % % g/t m