Lunnon Metals Limited · ASX:LM8
Lunnon Metals — Shareholder Meeting (November 2022)
18 slides from Lunnon Metals's shareholder meeting presentation, Nov 15, 2022
Slide 1: 2022 Annual General Meeting – Chair's Address
ASX ANNOUNCEMENT ASX: LM8 2022 ANNUAL GENERAL MEETING – CHAIR’S ADDRESS 15 NOVEMBER 2022 For personal use only Dear Shareholders, This year has been a very busy and successful one for Lunnon Metals Limited (ASX: LM8) (the Company or Lunnon) with the completion of the acquisition of nickel mineral ri
Slide 2: Announcement approval and contact details
This announcement has been approved for release by the Board of Lunnon Metals Ltd. For personal use only Edmund Ainscough Managing Director Phone: +61 8 6424 8848 Email: info@lunnonmetals.com.au 2
Slide 3: Bringing the Best of Kambalda to the Clean Energy Transition
For personal use only Bringing the Best of Kambalda to the Clean Energy Transition Annual General Meeting 15th November 2022 Ed Ainscough 1
Slide 4: Important Notice & Disclaimer
Important Notice & Disclaimer This Presentation has been prepared by employees of Lunnon Metals Ltd (“Lunnon”, “LM8” or “the Company”) on its behalf and is a summary only, and contains summary information about Lunnon and its activities, which is current as at the date of this Presentation (unless o
Slide 5: A Journey …. years in the making
A Journey …. 20 years in the making For personal use only • WMC strategic Kambalda exit • Late 1990s/early 2000s sold its nickel mines and gold business • 4 nickel mines, already shut, were “sold with the gold” in 2001 • Missed last nickel price boom, tied up in gold major for over 15 years • World
Slide 6: Unrivalled: Kambalda Nickel District
Unrivalled : Kambalda Nickel District Production^: Pre-WMC sale vs Total Life of Mine Past Nickel Production^ For personal use only to date 4.3% Shut Mine Mt % Ni Ni kt by 4.1% 3.9% 342 Silver 203 Lake 1986 4.5 2.7 123 3.7% 3.5% Ni % Fisher 1988 1.7 2.3 38 3.3% 467 101 674 3.1% 2.9% Foster 1994 2.4
Slide 7: Successful first months for Lunnon Metals
Successful first 12 months for Lunnon Metals For personal use only • News flow • Completed > 37km of drilling (to 30/6/22) • Continue to average price sensitive announcement/~week • Growth by Discovery & Resource Extension • Baker - discovered and reported as initial Mineral Resource (MRE), the firs
Slide 8: Foster-Baker
Foster-Baker Warren 211kt @ 3.1% Ni Baker (6,400t Ni) 568kt @ 2.8% Ni For personal use only • 23km2 hosting famous (15,800t Ni) komatiite-basalt Ni contact • >45km of drilling since IPO (vs 28km in Prospectus) • Baker focus 85H 687kt @ 2.4% Ni • 15km of RC (16,600t Ni) • 4.4km of DD 75C • Foster Min
Slide 9: Baker
Baker October 2021 For personal use only • WMC (historical) • 1970s programme ~ 100m x 100m • Lunnon Metals (post IPO) • 1st pass RC July-Oct 22 • Recorded high conductance DHTEM plate LEGEND – DRILL HISTORY Diamond hole (WMC) 1st pass RC (LM8) DHTEM Plate (LM8) GDA94/MGA Zone 51 see announcement da
Slide 10: Baker months later Oct/Nov 2022
Baker 12 months later Oct/Nov 2022 • Mineral Resource June 22 For personal use only • 568kt @ 2.8% Ni (15,800t Ni)* • July – Sept 22 • Infill/extension to ~20mx20m* • Metallurgy • 86% recovery to a 16.9% Ni concentrate* • Permitting well advanced LEGEND – DRILL HISTORY Diamond hole (WMC) Diamond hol
Slide 11: Foster: Permit / Dewater / Re-entry / Drill / Discover
Foster Permit / Dewater/ Re-entry / Drill / Discover For personal use only • Dewatering Foster portal 85H Surface • 5C licence to take 4.0GL/year 687kt @ 2.4% Ni Foster shaft covers Foster, Warren and Baker Warren (16,600t Nickel) 382,834mE, 6,530,483mN ~4,950 m granted 211kt @ 3.1% Ni (6,400t Nicke
Slide 12: Silver Lake & Fisher
Silver Lake & Fisher Acquired nickel rights over only historical Kambalda mines to have received NO exploration since WMC ownership For personal use only • Silver Lake Otter Juan • Kambalda’s FIRST nickel mine • Produced 123kt nickel metal^ • Between 40-50% of Silver Lake’s production tonnes came fr
Slide 13: Silver Lake
Silver Lake Long South “Gap” SLHW Exploration Target^ ~ 0.65Mt to 1.3Mt @ ~1.3% Ni to 2.7% Ni For personal use only ^see caveat on image below and ASX announcement dated 25 October 2022 for basis/details • Opportunity looks familiar (Baker) • 600m x 200m scale ^ • Drilled on broad 100m spacing • Mod
Slide 14: Corporate Overview
Corporate Overview Liam Twigger Ashley McDonald Corporate structure (ASX: LM8) For personal use only Non-Executive Chair Non-Executive Director Deputy Chair Argonaut, NEC SolGold close on 14 November 2022 GFI nominee, Sen Vice President, experienced M&A, legal, commercial Ian Junk Deborah Lord 195.0
Slide 15: News Flow & Investment Highlights
News Flow & Investment Highlights Growth in forward facing commodity ✓ 4 historical Ni mines NEWS FLOW For personal use only ✓ Aggressive drill campaigns, making • December quarter discoveries ✓ Silver Lake H/W Exploration Target and plans ✓ Increasing mineral resources ✓ Final assay results for Bak
Slide 16: Making our own history, in the heart of Kambalda
Making our own history, in the heart of Kambalda 1960s/70s For personal use only Suite 5/11 Ventnor Avenue 2022 West Perth, WA 6005 www.lunnonmetals.com.au info@lunnonmetals.com.au Driller, Jack Lunnon (far right) overlooking Lake Lefroy from north side of Red Hill: with local and WMC dignitaries at
Slide 17: Important Notice and Disclaimer – Competent Persons Statement
Important Notice and Disclaimer Competent Persons Statement The information in this Presentation that relates to geology, nickel and gold mineralisation, Mineral Resources, Exploration Targets and Exploration Results is based on, and fairly represents information compiled and reviewed by Mr Aaron We
Slide 18: Important Notice and Disclaimer – Exploration Results Reporting
Important Notice and Disclaimer Exploration Results Reporting For personal use only This presentation contains references to Lunnon's exploration results and previous announcements. The information in this presentation that relates to previous exploration results has been extracted from the followin