Slide 1: Boadicea Resources Ltd AGM 2020
Boadicea Resources Ltd AGM 2020 For personal use only SET, READY, GROW DECEMBER 2020 ASX: BOA
Slide 2: Disclaimer
DISCLAIMER Forward Looking Statements This presentation is not an offer for financial products in any jurisdiction or a financial product recommendation. The information in this presentation is an overview and does For personal use only not contain all information necessary for investment decisions.
Slide 3: Set, Ready, Grow
SET, READY, GROW SET For personal use only BOA main projects are WA’s Fraser Range (nickel), Paterson Province (copper/gold) and Charters Towers region of Qld (gold) READY Completion of IGO-BOA relationship via $7m cash giving IGO a right-to buy some of our Fraser Range tenements and a potential
Slide 4: 2020 Achievements
2020 ACHIEVEMENTS • Completion of IGO Transaction • Received A$7M For personal use only • “Free Carry” on all exploration in Fraser Range for 5 years • Potential for A$50M upon IGO reporting a JORC Resource • Team effort to deliver significant benefits to shareholders • Immediate return of A$4.5M to
Slide 5: Tight Capital Structure & Experienced Team
TIGHT CAPITAL STRUCTURE & EXPERIENCED TEAM Share Ownership Capital Structure Current 10% 5% For personal use only 1% Shares on Issue 61.8m Market Cap. (@ A$0.235) (30/11/2020) A$14.5m 84% Top 20 Shareholders 80% Cash (30/11/2020) A$2.41 Advisors Retail Directors IGO 6 Month Total Shareholder Return
Slide 6: Experienced Board and Management Team
For personal use only EXPERIENCED BOARD AND MANAGEMENT TEAM Jon Reynolds Steven Moon Dom De Marco Graeme Purcell James Barrie Managing Director Executive Director Non - Executive Consultant Geologist Company Sec. Director Geologist with 35 years Steven has more than Geologist with 25 years Independe
Slide 7: The Boadicea Transformation
THE BOADICEA TRANSFORMATION Funds Boadicea’s other activities For personal use only Retains ownership of Fraser Range Tenements Maintains exposure to exploration success Free carried through all exploration activities in Fraser Range. IGO commencing exploration in Q1 2021 BOA shareholders
Slide 8: Nova / Mawson / Silver Knight - Nearology
For personal use only NOVA / MAWSON / SILVER KNIGHT - “NEAROLOGY” 8 Boadicea Resources Ltd December 2020
Slide 9: IGO Exploration – BOA Fraser Range
IGO EXPLORATION – BOA FRASER RANGE • IGO have identified 3 high priority targets adjacent to the Symons Hill licence in the Fraser Range, which forms For personal use only the basis of an exploration program. • Consequently, IGO have identified the possibility of diamond drilling as early as Q1 CY20
Slide 10: Koongulla – Paterson Province
KOONGULLA – PATERSON PROVINCE • BOA has one tenement and one application in the Paterson Province of Western Australia For personal use only • Koongulla (EL45/5392): 95% owned • Koongulla North (EL45/5392): 100% owned, Application only • Total area of 489km2 • A series of regional scale target areas
Slide 11: South West Ravenswood - Charters Towers
SOUTH WEST RAVENSWOOD - CHARTERS TOWERS • BOA has applied for a new exploration licence in the Charters Towers Province of north Queensland. For personal use only • Application EMP27752 is called ‘South West Ravenswood’ and has a total area of 117km2. • Identified as prospective for Ravenswood style
Slide 12: BOA Asset Highlights
BOA ASSET HIGHLIGHTS FRASER RANGE For personal use only • BOA owns tenements in prime location adjacent to all known nickel deposits in the Fraser Range Symons Hill => Nova / Bollinger Nickel mine (IGO). Drill-ready targets Transline => Mawson Nickel discovery (Legend Mining) White Knight => S
Slide 13: 2021 Plan
2021 PLAN • Continuous disclosure of IGO exploration activities (Nickel) • 2021 Q1 / Q2 EM and drilling For personal use only • Potential for drilling in January 2021 • Continue to test for nickel potential in BOA tenements • Koongulla/ Koongulla North (Gold and Copper) • Obtain Exploration licence
Slide 14: Summary: Set, Ready, Grow
SUMMARY Set, Ready, Grow For personal use only 1. September 2020 agreement with IGO Newsearch for 9 of the BOA Fraser Range tenements • BOA 100% Free carried for all exploration activities • Value add creation for BOA • Significant upside potential upon a JORC resource being declared – $50M • Teneme
Slide 15: For More Information Please Contact
For personal use only FOR MORE INFORMATION PLEASE CONTACT MR JON REYNOLDS MANAGING DIRECTOR +61 (0)409 858 053 jreynolds@boadicea.net.au http://www.boadicea.net.au
Slide 16: Additional Information
ADDITIONAL INFORMATION Slide For personal use only IGO transaction details 17 Fraser Range strategic position 18 - 19 Symons Hill (adjacent Nova) 20 Nova nickel mine 21 - 22 Transline tenements (adjacent Mawson) 23 Mawson nickel (Legend Mining) 24 White Knight 25 Giles, Giles South & South Plumridge
Slide 17: Fraser Range Transaction Details
FRASER RANGE TRANSACTION DETAILS • Conditional sale of nine (9) Fraser Range Tenements to IGO Newsearch Pty Ltd (“Newsearch”) a wholly owned subsidiary of IGO Limited (“IGO”). For personal use only • Potential sale price of $57 million plus a royalty, comprising: a) Within 5 business days of approva
Slide 18: Fraser Range Strategic Position
FRASER RANGE STRATEGIC POSITION • Strategically located to all known nickel occurrences in the Fraser Range For personal use only • Recently completed conditional sale of nine Fraser Range tenements • Symons Hill licence (E28/1932) has exciting prospectivity for Nova-Bollinger style nickel-copper mi
Slide 19: Recent Fraser Range Articles
For personal use only RECENT FRASER RANGE ARTICLES 19 Boadicea Resources Ltd December 2020
Slide 20: Symons Hill Nickel – Copper Project
SYMONS HILL NICKEL – COPPER PROJECT • 100% owned by BOA and covers an area of 75km2 For personal use only • IGO access agreement provides 5 years of free carried exploration for BOA • Located within 5km and along strike of the Nova- Bollinger nickel-copper mine • IGO completing exploration for high
Slide 21: Nova Nickel Mine
NOVA NICKEL MINE (ASX:IGO) • The Nova deposit was discovered in July 2012 For personal use only • One of Australia’s great recent mining discoveries • Development commencing in January 2015 and commercial production since July 2017 • In its second year of production in FY19, Nova achieved production
Slide 22: Ready to Find Nickel
READY TO FIND NICKEL IGO Newsearch1 have paid $5.5M2 for exclusive For personal use only rights to explore for Nova-style nickel in BOA owned tenements “…..The Symons Hill tenement in particular, which adjoins the Nova mining lease, is an area that has received relatively little exploration to date
Slide 23: Transline Tenements – Adjacent to Mawson
TRANSLINE TENEMENTS – ADJACENT TO MAWSON • Transline project is composed of 4 strategically located tenements, all 100% owned by Boadicea For personal use only • Transline North (EL28/3849): 84km2 • Transline South (EL28/2866): 39km2 • Transline West 1 (EL28/2895): 21km2 • Transline West 2 (EL28/288
Slide 24: Mawson Discovery (Legend Mining)
MAWSON DISCOVERY (LEGEND MINING ASX:LEG) • A JV between Legend (70%) and IGO For personal use only • In December 2019 Legend achieved a “watershed milestone” discovering impressive massive sulphides in drill hole RKDD007, since reinforced by subsequent drilling, and named the Mawson discovery. • RKD
Slide 25: White Knight Tenements
WHITE KNIGHT TENEMENTS • White Knight tenement (E28/2721) 100% owned by BOA For personal use only • Licence granted in January 2020 with a total area of 30km2 • Silver Knight discovery publicised July 2018 by Great Southern Nickel, a Creasy Group company • Reportedly 4.2Mt @ 0.8% Ni, 0.6% Cu • BOA l
Slide 26: Giles, Giles South and South Plumridge
GILES, GILES SOUTH AND SOUTH PLUMRIDGE • Giles South (E28/2952 and E28/2148) For personal use only • Ballot win, awaiting licence award • Total area of ~168km2 • Located at the north extents of the Fraser gravity ridge • Desktop review of previous exploration work to be completed in Q4 2020 • South
Slide 27: BOA Retained Tenements - Fraser Range
BOA RETAINED TENEMENTS - FRASER RANGE • Fraser Range South (E63/1859) For personal use only • Awarded in September 2018 • Total area of 162km2 • Located at the southern extents of the Fraser gravity ridge • Preliminary desktop analysis completed in 2019. • Geochemistry and field mapping commencing i
Slide 28: BOA Future Growth Phase in Koongulla
BOA FUTURE GROWTH PHASE IN KOONGULLA • BOA acquired 95% of Koongulla Project (E45/5392) in the Paterson Province of For personal use only Western Australia in June 2020 • Exploration Licence E45/5392 covers a total of 75 blocks (240km2) and was granted February 2020. • The project is located on the
Slide 29: Paterson Province – The Next Big Thing
PATERSON PROVINCE – THE NEXT BIG THING • Highly prospective for world class copper gold deposits For personal use only • Tenement position dominated by Newcrest, Rio Tinto, Fortescue and Antipa. • Significant deposits include; • Telfer (100% Newcrest) • World class copper gold deposit Discovered in
Slide 30: For More Information Please Contact
For personal use only FOR MORE INFORMATION PLEASE CONTACT MR JON REYNOLDS MANAGING DIRECTOR +61 (0)409 858 053 jreynolds@boadicea.net.au http://www.boadicea.net.au