Ore Resources Limited · ASX:OR3
Ore Resources — Investor Presentation (July 2021)
19 slides from Ore Resources's investor presentation, Jul 21, 2021
Slide 1: Chasing Nepean Deeps
ASX:AOU | Corporate Presentation | July 2021 CHASING NEPEAN DEEPS HIGH-GRADE NICKEL SULPHIDES IN WESTERN AUSTRALIA Head frame at Nepean
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Auroch Minerals Ltd (Auroch or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presentation
Slide 3: Corporate Summary
CORPORATE SUMMARY Auroch is a nickel sulphide focussed base-metal resource company building value through targeted high-impact exploration in Western Australia Share Price Chart (ASX: AOU) Capital Structure * ASX SHARE PRICE A$0.18 1 YEAR CHANGE 367% 12MTH RANGE A$0.05 - 0.32 SHARES ON ISSUE 281 Mil
Slide 4: Directors & Management
DIRECTORS & MANAGEMENT Aidan Platel Ed Mason Trevor Eton Mike Edwards Managing Director & CEO Non-Executive Chairman Non-Executive Director Non-Executive Director Mr Platel is a geologist with over More than 20 years’ experience working Mr Eton is a well-respected finance A geologist and economist w
Slide 5: Strategy
STRATEGY Committed to delivering 100kt contained nickel in-resource ACQUIRE GROW AN ENVIABLE LAND HIGH-GRADE NICKEL SULPHIDE POSITION IN THE WA JORC(2012) MINERAL RESOURCES NICKEL BELT • Existing high-grade resources of over 21kt of • WA is one of the world’s largest and contained Ni @ 2% Ni richest
Slide 6: Strategically Located Nickel Sulphide Portfolio
STRATEGICALLY LOCATED NICKEL SULPHIDE PORTFOLIO IN A GLOBALLY SIGNIFICANT LOCATION Located in the Norseman-Wiluna Greenstone Belt ✓ Home to some of the best nickel sulphide deposits globally (Leinster, Mt Keith, Kambalda, Widgiemooltha) Excellent infrastructure ✓ Easy access ✓ 5 processing plants wi
Slide 7: Portfolio Snapshot
PORTFOLIO SNAPSHOT NEPEAN LEINSTER SAINTS OTHER COMMODITY NICKEL NICKEL NICKEL COPPER & ZINC LOCATION Coolgardie, WA Leinster, WA North Kalgoorlie, WA Lake Torrens, SA 80% 100%; 70% 100%; 90% OWNERSHIP 100% (JV with Lodestar Resources) (JV with Jindalee Resources) (JV with Resource Holdings) 2 2 2 2
Slide 8: Nepean – High-Grade Ni Asset
NEPEAN – HIGH-GRADE Ni ASSET HIGH-GRADE NICKEL SULPHIDE MINE WITH HISTORIC RESOURCES AND HIGH EXPLORATION POTENTIAL The Nepean nickel mine produced > 32kt Ni at av. recovered grade of ~ 3% Ni Remnant high-grade Ni-S mineralisation from < 50m from surface* Huge potential to build a significant high-g
Slide 9: Nepean Nickel Project: Nepean Deeps Target
NEPEAN NICKEL PROJECT NEPEAN DEEPS TARGET… ANOTHER FLYING FOX? • The historic Nepean Ni sulphide mine is constrained at depth by a pegmatite vein: analogous to Western Area’s (ASX:WSA) Flying Fox nickel mine and the subsequent discovery of Spotted Quoll along strike • Nepean is <500m deep and produc
Slide 10: Nepean Nickel Project
NEPEAN NICKEL PROJECT HIGH-GRADE NICKEL SULPHIDE MINE WITH NEAR-MINE EXPLORATION POTENTIAL ACTIVITY 3,500m RC drill programme completed: • Results received for first 15 holes extend strike of shallow high-grade Ni sulphides: • 8m @ 4.30% Ni & 0.37% Cu from 35m, incl 2m @ 6.86% Ni & 0.62% Cu from 37m
Slide 11: Nepean Nickel Project: Greenfields Potential
NEPEAN NICKEL PROJECT GREENFIELDS POTENTIAL FOR NEW DISCOVERIES >10km UNDEREXPLORED STRIKE A further 20 drill-holes of exploration drilling over new aeromagnetic targets along the >10km of prospective strike to the north and south: • Confirmed fertile ultramafic units coincident with mag targets – h
Slide 12: Leinster Nickel Project
LEINSTER NICKEL PROJECT KNOWN HIGH-GRADE NICKEL SULPHIDE MINERALISATION WITH HUGE EXPLORATION POTENTIAL The Horn: Thick high-grade massive Ni-Cu sulphides at shallow depths for over 500m of strike: • 14.66m @ 2.19% Ni & 0.48% Cu from 132.6m • 7.30m @ 2.20% Ni & 0.53% Cu from 143.0m Huge exploration
Slide 13: Saints Nickel Project
SAINTS NICKEL PROJECT HIGH-GRADE NICKEL SULPHIDE RESOURCE WITH MAIN FEEDER CHANNEL STILL TO BE DISCOVERED High-grade JORC (2012) -compliant resource provides clear pathway to development and mining as Ni price increases: 1.05Mt @ 2.0% Ni & 0.2% Cu for 21.4kt Ni & 1.6kt Cu Main lava channel position(
Slide 14: Arden Zinc-Copper Project
ARDEN ZINC-COPPER PROJECT HIGH-GRADE ZINC & COPPER MINERALISATION WITH HIGH-PRIORITY DRILL TARGET • Ragless Range Zn Target: drilling identified high-grade mineralisation: • 12.80m @ 5.0% Zn from 53m, incl 3.65m @ 15.5% Zn from 62.15m (RRDD007) • Strong gravity anomaly coincident with surface Zn ano
Slide 15: Looking Ahead: Key Milestones
LOOKING AHEAD: KEY MILESTONES 1. Nepean Deeps maiden drill programme – this high-impact drilling exploring for possible extensions to the high-grade Ni-S mineralisation below historic mine workings is the main focus of this quarter 2. RC drilling underway at Nepean, targeting regional aeromagnetic a
Slide 16: Why Nickel, Why Auroch?
WHY NICKEL, WHY AUROCH? AUROCH LEVERAGED TO CLASS 1 NICKEL DEMAND Refined Nickel Supply Capacity & Demand (By Class of Nickel, Kt Estimate, McKinsey, Sept 2020) • Nickel price is >US$18,000/t and climbing • Primary nickel With current trends, consumption projected to Class 1 nickel is expected incre
Slide 17: Nickel Is Critical for the World's Clean Energy Technologies
NICKEL IS CRITICAL FOR THE WORLD’S CLEAN ENERGY TECHNOLOGIES PEDAL TO THE METAL METALS AND MINERALS DEMAND FROM Nickel Demand 2021 vs 2030 5.2x LITHIUM-ION BATTERIES In 2012 less than 50,000 EV’s sold, this year global sales are expected to exceed 2 million, by 2030 20-25 million EV’s sold per year
Slide 18: Our Sustainability Plan
OUR SUSTAINABILITY PLAN ENVIRONMENT, SUSTAINABILITY AND GOVERNANCE CENTRAL TO AUROCH’S CORE STRATEGY OUR SUSTAINABILITY PILLARS • Published maiden Sustainability Plan in July which highlights the Company’s vision and priorities to support a sustainable business • Our plan and pillared strategy are a
Slide 19: Contact
ASX:AOU | Corporate Presentation | July 2021 CONTACT Mr Aidan Platel Managing Director E: aplatel@aurochminerals.com M: +61 400 190 005 Suite 10 38 Colin Street West Perth WA 6005 T: +61 8 6383 7817 F: +61 8 6245 9853