Tartana Minerals Limited · ASX:TAT
Tartana Minerals — Corporate Update (September 2024)
32 slides from Tartana Minerals's corporate update, Sep 9, 2024
Slide 1: Updated Exploration Target Announcement & Presentation
ASX RELEASE (9 SEPTEMBER 2024) Updated Exploration Target Announcement & Presentation Tartana Minerals Limited (ASX: TAT) (the Company), provides the following updated documents, both of which were originally released on 6 September 2024. • Nightflower Exploration Target Upgrade following Antimony P
Slide 2: ASX Release 9 September 2024
ASX RELEASE 9 SEPTEMBER 2024 2
Slide 3: Nightflower Exploration Target Upgrade following Antimony Price Increase
ASX RELEASE (9 SEPTEMBER 2024) Nightflower Exploration Target Upgrade following Antimony Price Increase Drill intersection grades up 3.05m @ 9.0% Sb Highlights: • Nightflower project is a high grade silver deposit with historically impressive intersections from past drilling including 9 m @ 506g/t S
Slide 4: Antimony content within the Exploration Target
ASX RELEASE 9 SEPTEMBER 2024 The estimated Antimony content range within the Exploration Target is summarized in Figure 2 below. Exploration Target Tonnage Sb Grade (%) Sb Contained (t) Low High Low High Low High 2,749,081 5,360,372 1.0% 1.0% 27,491 53,604 Figure 2. Revised Exploration Target with a
Slide 5: Nightflower Mineralisation
ASX RELEASE 9 SEPTEMBER 2024 Figure 3. Early picture of the Nightflower gossan outcrop. Source: Qld Govt Mining Journal Vol XXIV, Oct 1923 Nightflower Mineralisation The mineralisation takes the form of an epithermal polymetallic (Ag-Pb-Zn-Cu-Au-Sb) deposit located within the Nightflower fault zone.
Slide 6: Nightflower geology, historical results and Exploration Target review
ASX RELEASE 9 SEPTEMBER 2024 Figure 4: Nightflower project geology and IP anomalies. Significant historical surface sampling and drilling intersections are presented in Figure 5 below. Figure 5: Exploration results from surface sampling and historical drilling at Digger Lode as reported by Axiom Min
Slide 7: Grade-tonnage estimates and recovery assumption
ASX RELEASE 9 SEPTEMBER 2024 The modelling is presented in Figure 3 using a 25 g/t Ag Eq cut-off grade and Figure 4 outlines the exploration target tonnage and grades at various cut off grades to estimate the overall exploration target. Cutoff Tonnage Ag grade Au grade Ag Eq Factor Cu % Pb % Zn % Sb
Slide 8: Silver Equivalent Calculation
ASX RELEASE 9 SEPTEMBER 2024 Average Metal Lower Grade Recovery Recovered Value Upper Grade Range Recovered Value Metal Prices 2024 Range Estimate (Source: Askew 1991) (US$) Estimate (g/t or %) (US$) (to-date) (g/t or %) Ag 27 US$/oz 90% 89 70 146 114 Au 2265 US$/oz 70% 0.42 21 0.35 18 Cu 9241 US$/t
Slide 9: Future drilling planned
ASX RELEASE 9 SEPTEMBER 2024 The surface expression of the Digger lode and the general terrain is depicted in Figure 13. Figure 13. Surface of the Digger Lode and a grab sample (May 2022). Future drilling planned The signficant upgrade to the Nightflower Exploration Target has led to the Company to
Slide 10: Disclaimer and Competent Person's Statement
ASX RELEASE 9 SEPTEMBER 2024 Disclaimer Regarding Forward-Looking Statements This ASX announcement contains various forward-looking statements. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements are inherently subject to uncertainties
Slide 11: JORC Code, 2012 Edition
ASX RELEASE 9 SEPTEMBER 2024 JORC Code, 2012 Edition Section 1 Sampling Techniques and Data Criteria Commentary Sampling techniques 2008 drilling - core diamond sawn by experienced technician. Drill core cut consistently and systematically adjacent to orientation line one sample at a time to ensure
Slide 12: JORC Code, 2012 Edition (continued)
ASX RELEASE 9 SEPTEMBER 2024 Location of data points Accuracy of drillhole collars for 2008 programme is +/-5m. A measure of accuracy is provided by a DGPS surveyed baseline in the vicinity of the drillholes. Errors still occur for historical holes which could be out by as much as 10m. Topographic c
Slide 13: Appendix – Drill Hole Table
ASX RELEASE 9 SEPTEMBER 2024 APPENDIX 1 – DRILL HOLE TABLE PROJECT Hole_ID Collar_E Collar_N Collar_RL Final DepthDip Azi_True Hole_Type Grid DatumYear NightFlower NF72DD01 236880 8135517 397 99.7 -45 270 DD GDA94 1972 NightFlower NF72DD02 236941 8135695 385 81.1 -45 271 DD GDA94 1972 NightFlower NF
Slide 14: Copper Sulphate. Growth & Stability
Copper Sulphate. Growth & Stability Tartana Project – in production, producing strong cashflows A path to long-term sustainability to fund exploration . ASX: TAT | Tartana Minerals Limited | ACN 111 398 040 1
Slide 15: Disclaimer / Qualifying Statement Mineral Resource Estimates
DISCLAIMER The material in this presentation (Material) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security in Tartana Minerals Limited (ASX: TAT) (ACN 111 398 040) nor does it form the basis of any contract or commitment. In the event tha
Slide 16: Tartana Copper
Tartana Copper C h i l l a g o e R e g i o n , F a r N o r th Q u e e n s l a n d Con tin ui ng nea r-ter m pro du ctio n to fu nd l on g te rm exp ansi on 3
Slide 17: Revenue Generation
Revenue Generation Tartana Copper • JORC 2012 combined • Copper sulphate • Current operating costs Indicated and Inferred production with 100% are around US$1.29/lb Resource at 45,000 tonnes offtake partner reflecting the ready of contained Cu at 0.45% • Sales of the copper availability of copper in
Slide 18: Resource
Resource 44,000 Tonnes of Copper Tartana Copper • Tartana open pit mineralisation has been extensively drilled (+68 drillholes) • Combined indicated and inferred resources are 45,000 tonnes of contained copper at 0.45% Cu using a 0.2% Cu cut-off grade1 • Broad zones of mineralisation indicate potent
Slide 19: Outlook: Supply Fails to Meet Surging Demand
Outlook Supply Fails to Meet Surging Demand Copper • Outlook for the copper price is bullish e.g. a UN Trade and Development (UNTAD) report says critical energy transition mineral supplies are not keeping pace with escalating demand and in the case of copper, this accounts for 36% of the total gap b
Slide 20: Other Projects
Other Projects P o r t f o l i o o f F u t u r e Ta r g e t s f o r C o n t i n u e d G r o w t h 7
Slide 21: Other Projects & Future Exploration
Other Projects & Future Exploration A Portfolio of Targets for Future exploration Mountain Maid Gold Copper Targets Near Tartana Queen Grade Zinc • Inferred resource of 415 koz at 0.34 g/t • Cardross - advanced Mining Lease • Initial open pit resource estimation of Au using 0.2g/t Au cut-off grade i
Slide 22: Corporate Overview
Corporate Overview Capital Structure (ASX: TAT)* Directors Shares on issue 182.6 M Mr Jihad Malaeb – Non-Executive Chairman Share Price $ 0.029 Dr Stephen Bartrop – Managing Director Market Capitalisation $ 5.30 M Mr Bruce Hills – Executive Director Convertible Notes Mr Michael Thirnbeck – Non-Execu
Slide 23: Contact Details
Contact Details Contact Dr Stephen Bartrop Reign Advisory +61 2 9392 8032 +61 2 9174 5388 169 Blues Point Road, E: tat@reignadvisory.com McMahons Point, NSW 2060 Level 10, 4 Bridge Street, Sydney, NSW 2000 TARTANA MINERALS LIMITED (ASX: TAT) 10
Slide 24: Appendix
Appendix ASX: TAT | Tartana Minerals Limited | ACN 111 398 040 11 11
Slide 25: Plant Operations
Plant Operations Heap Leach–Solvent Extraction–Crystallisation Tartana Copper Production process flowsheet Copper Sulphate in production • Initial copper is being sourced from copper dissolved in the ponds. The mild acid in the return solution (raffinate) is being placed on the heaps and triggering
Slide 26: Queen Grade Zinc
Queen Grade Zinc Maiden Inferred Zinc Resource reported to ASX on 14 February 2023 • Maiden resource estimated for the Queen Grade Zinc deposit within the Tartana mining leases • Total Inferred Resources of 39,000 tonnes of contained zinc at 5.29% Zn using a 0.5% Zn cut-off grade with potential Ag a
Slide 27: Maid Gold
Maid Gold • Maid is interpreted as an Intrusion Related Gold System (IRGS) with gold mineralisation occurring in quartz vein stockworks • Inferred resource of 415 koz at 0.34 g/t Au using 0.2 g/t Au cut-off grade including oxidised zone of 37.3 koz at 0.35 g/t Au at or near surface (see Mountain Mai
Slide 28: Cardross Copper/Gold
Cardross Copper/Gold Recent geophysical interpretation has identified discrete magnetic highs associated with mineralisation (black dots represent individual prospects, red areas represent high mag intensity) (see AGM presentation dated 28 November 2022). Historical drilling1 indicate encouraging co
Slide 29: Bellevue Copper/Gold
Bellevue Copper/Gold • Bellevue/Dry River has more than 15 separate copper/gold prospects following a prospective stratigraphy • The OK Mines group have been interpreted as a VHMS mineralisation style based on the presence of nearby volcanic units • Haematic iron-stone breccias are also nearby with
Slide 30: Beefwood Copper/Gold
Beefwood Copper/Gold • Geophysical and geochemical targeting of potential large scale mineralised targets under cover sediments. • Falcon Gravity/Magnetic survey completed identifying large copper/gold and REE targets associated with igneous intrusions (e.g. IRGS). • Geochemical support for some tar
Slide 31: Nightflower Silver
Nightflower Silver • High grade silver-lead-zinc lode outcropping at surface • IP anomalies indicate target zones with historical small-scale mining along the Digger Lode and Terrace Prospect • Exploration target estimated at 2.75 Mt @ 364 g/t Ag Eq for 32 Moz Ag Eq to 5.36 Mt @ 270 g/t Ag Eq for 47
Slide 32: Dimbulah Porphyry Copper
Dimbulah Porphyry Copper (a) General Geology; (b) EPM 27089 Airborne Geophysics - Interpretation with sunshaded TMI backdrop1; (c) Historical sampling and drilling by past explorers2 • Covers a copper-mineralised, multi-phase porphyry intrusive identified from historical drill intersections, mapping