Aeon Metals — Investor Presentation (July 2013)
24 slides from Aeon Metals's investor presentation, July 2013
Slide 1: A Leading Copper Resource Company: From Under the Radar
Aeon Metals Limited ASX: AQR A Leading Copper Resource Company: From Under the Radar July 2013 1
Slide 2: Disclaimer
DISCLAIMER Presentation July 2013 DISCLAIMER: 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. Any statements, opinions, projections, forecasts or other material contained
Slide 3: Corporate Overview (as at 16 July 2013)
CORPORATE OVERVIEW (as at 16 July, 2013) Presentation July 2013 Capital Structure Share Price Graph • Aeon Metals Limited (ASX:AQR) • 174,049,709 shares on issue • 14.3m options • Cash - ~$1m • Share Price - ~$0.20 • Market Capitalisation (undiluted) – ~$35m Board of Directors Shareholders • Goody I
Slide 4: Asset Location
ASSET LOCATION Presentation July 2013 • Copper Province within large, contiguous tenement holding. • Actively advancing copper asset base to feasibility status: • Greater Whitewash • Ben Hur (a combined John Hill/Kiwi Carpet) • 7B • Rio Tinto JV • Proximity to all necessary infrastructure. • 150km b
Slide 5: Projects Overview – Real Assets
PROJECTS OVERVIEW – REAL ASSETS Presentation July 2013 1. Greater Whitewash & Ben Hur: • Large Nth-Sth striking copper porphyry style mineralisation. • Objective to delineate over 500mt, long mine life copper resources – open pittable. • Greater Whitewash - 242mt resource • Ben Hur – undertaking JOR
Slide 6: Ben Hur Copper Project
BEN HUR COPPER PROJECT Presentation July 2013 • Major new discovery of a large copper porphyry orebody. • Nominee for 2012 Queensland Explorer of the Year Award based on the discovery. Modelled Plan view (at 350 mRL) • Total metres of drilling since commencing in early 2012 of approximately 5,510m.
Slide 7: Ben Hur Copper Project
BEN HUR COPPER PROJECT Presentation July 2013 • Porphyry style mineralisation is peripheral to a large quartz feldspar stock that generally runs around 500ppm copper. • Porphyritic monzonite intrusion hosting a stockwork of fractures - Chalcopyrite mineralisation is along fractures and disseminated.
Slide 8: Ben Hur Copper Project
BEN HUR COPPER PROJECT Presentation July 2013 8 www.aeonmetals.com.au
Slide 9: Ben Hur Copper Project
BEN HUR COPPER PROJECT Presentation July 2013 • Significant intercepts - 2012: • Significant intercepts - 2013: Hole No. Intersect Cu Mo Ag From To Cu Equiv1 Hole No. Intersect Cu Mo Ag From To Cu Equiv1 m % ppm ppm m m % m % ppm ppm m m % 47 25 0.31 315 1.6 25 73 54 141 0.22 69 0.9 45 186 51 128 0.
Slide 10: Ben Hur Copper Project
BEN HUR COPPER PROJECT Presentation July 2013 • The known mineralisation at Ben Hur (the combined John Hill and Kiwi Carpet) is 6.3km long and 2km wide - LARGE. • 59 holes have been drilled into Kiwi Carpet (1970’s), 1km north of John Hill, by Kennecott: • All shallow holes historically targeting co
Slide 11: Ben Hur Next Steps
BEN HUR COPPER PROJECT Presentation July 2013 • BEN HUR Next Steps: • JORC Resource - in progress by SRK Consultants • Combined centralised processing plant assessment. • Further drilling along north strike. 11 www.aeonmetals.com.au
Slide 12: New Discovery: 7B Cu-Au Project
NEW DISCOVERY: 7B Cu-Au PROJECT Presentation July 2013 • 2 RC Drill campaigns now completed • 31 holes for 2,524m. • IP survey also recently completed. • 2 areas 500m apart – Wild Chilli and Meat Ant; • Copper lode now defined at Wild Chilli. 12 www.aeonmetals.com.au
Slide 13: 7B Cu-Au Project
7B Cu-Au PROJECT Presentation July 2013 • Horizontal shallow lodes show continuity. • Examples of lode: 26m @ 0.78% Cu, 0.1g/t Au and 11g/t Au from 6m. 20m @ 0.93% Cu, 0.1g/t Au and 14g/t Ag from 8m. 10m @ 0.87% Cu, 0.6g/t Au and 3g/t Ag from 12m. 13 www.aeonmetals.com.au
Slide 14: 7B Cu-Au Project
7B Cu-Au PROJECT Presentation July 2013 • Horizontal shallow lodes show continuity. • Examples of lode: 13m @ 1.00% CuEquiv1 from 55. 9m @ 1.67% CuEquiv1 from 30. 9m @ 0.90% CuEquiv1 from 72. 14 www.aeonmetals.com.au
Slide 15: 7B Cu-Au Project
7B Cu-Au PROJECT Presentation July 2013 100m 100m 15 www.aeonmetals.com.au
Slide 16: 7B Cu-Au Project (cont.)
7B Cu-Au PROJECT (cont.) Presentation July 2013 From To Cu Equiv1 • Significant intercepts: Stage 2 Campaign Hole No. Intersect m Cu % Au g/t Ag g/t m m % B015 13 0.35 0.01 13 6 19 Maiden Drill Campaign incl 3 0.66 5 7 10 B016 9 0.06 1.00 41 14 23 1.91 incl 2 0.06 2.20 53 17 19 2.46 Hole No. Interse
Slide 17: 7B Cu-Au Project – Planned Holes
7B Cu-Au PROJECT – Planned Holes Presentation July 2013 Stage 3 Drill Program - Mix of Diamond and RC 1. Step out holes from defined lode. 2. Deeper diamond holes defined by vertical IP anomalies. 17 www.aeonmetals.com.au
Slide 18: 7B Cu-Au Project – Planned Holes
7B Cu-Au PROJECT – Planned Holes Presentation July 2013 • Recently completed Stage 2 drilling campaign allowed better understanding of IP versus mineralisation 100m relationship. • Plenty of IP anomalies to target within current mineralised lode area. • Planned holes targeting: 1. current lode exten
Slide 19: 7B Cu-Au Project – Planned Holes
7B Cu-Au PROJECT – Planned Holes Presentation July 2013 • Planned holes targeting: 1. current lode extension 2. further horizontal lodes. 3. vertical feeder system. 19 www.aeonmetals.com.au
Slide 20: Greater Whitewash Project
GREATER WHITEWASH PROJECT Presentation July 2013 • Large project supported by large (242mt) independent expert (SRK) JORC resource. • MDL Status • The resource remains open at depth, along strike and across strike in many places. • Molybdenum leverage. • Additional drilling could materially increase
Slide 21: Next Steps
NEXT STEPS Presentation July 2013 • Advance 7B - Stage 3 drill campaign designed and ready to go. • Mix of Diamond and RC holes targeting: 1. current lode extension; 2. further horizontal lodes and 3. vertical feeder system. • Ben Hur resource delineation – SRK mandated. • Greater Whitewash/Ben Hur/
Slide 22: Appendix 1: JORC Resource Estimate
APPENDIX 1: JORC RESOURCE ESTIMATE The information in this report that relates to Resources is based on information compiled by Danny Kentwell, a full time employee of SRK Consulting (Australasia) who is a Member of The Australasian Institute of Mining and Metallurgy and who has sufficient experienc
Slide 23: Appendix 1: JORC Resource Estimate (Notes)
APPENDIX 1: JORC RESOURCE ESTIMATE (Notes) Notes: 1. MoEq = Mo + Cu/3.8 + Ag*28.8 all elements are assumed to have the same process recovery 2. Includes all fresh transition and weathered material 3. Two overall domains used for estimation, high grade >500Moeq (500) and background > 50 MoEq (GD_REM)
Slide 24: Appendix 2: Competent Person Statement
APPENDIX 2: COMPETENT PERSON STATEMENT Presentation July 2013 The information in this report that relates to exploration results and mineral resources is based on information compiled by Mr Martin I’Ons who is a Member of the Australian Institute of Geoscientists and who has sufficient experience wh