Polarx Ltd · ASX:PXX
Polarx — Corporate Update (January 2019)
19 slides from Polarx's corporate update, Jan 15, 2019
Slide 1: Rapid expansion at the Alaska Range Project
For personal use only ASX: PXX www.polarx.com.au Rapid expansion at the Alaska Range Project Company Update, 15 January 2019 1
Slide 2: Alaska Range Project: High-Grade Cu-Au-Ag deposits and massive upside
Alaska Range Project: High-Grade Cu-Au-Ag deposits and massive upside ZACKLY For personal use only Advanced project with district scale copper anomalies and escalating high-grade JORC resources of Cu and Cu-Au-Ag in a known world-class porphyry province Two goals: 1. Expand the Zackly resource t
Slide 3: Easy access, mining friendly Tier 1 jurisdiction
Easy access, mining friendly Tier 1 jurisdiction ALASKA RANGE PROJECT: For personal use only • 250km due north-east of Anchorage, 6 hours by road • Nearby lodges for accommodation & support • 100km from rail, power, highway • Easy road/rail access to all year ports ALASKA, USA: • Mining friendly, 6
Slide 4: Excellent progress in the last months
Excellent progress in the last 12 months Maiden resource for the high-grade Zackly Cu-Au-Ag deposit For personal use only MARS Positive drill results for Zackly expansion, which include: 55m @ 2.8g/t Au + 0.6% Cu (850m east of Inferred Resource) 47m @ 3.1g/t Au + 0.6% Cu (850m east of Inferr
Slide 5: Regional boundary of known mineralised belts
Regional boundary of known mineralised belts • Straddles the boundary between For personal use only the Tintina Gold Belt and major porphyry Cu-Au belt • Intersection of two crustal scale structures • Same age rocks as the supergiant Pebble porphyry Cu-Au deposit (contains 37Mt copper metal and 107M
Slide 6: High confidence for future Zackly expansion + strong vector to Zackly SE
High confidence for future Zackly expansion + strong vector to Zackly SE Cut-off grade Category Million Tonnes Cu % Au g/t Ag g/t Contained Cu (t) Contained Cu (Mlb) Contained Au (oz) Contained Ag (Moz) For personal use only 0.5% Cu Inferred 3.4 1.2 2.0 14.0 41,200 90.9 213,000 1.5 Zackly deposit Za
Slide 7: Strong copper-gold mineralisation in ZX-18018: Now 100m deeper
Strong copper-gold mineralisation in ZX-18018: Now 100m deeper • This intersection is approximately 100m below the nearest For personal use only hole on this section of the inferred resource • Strong evidence of nearby porphyry mineralisation: • High-tenor copper sulphides (bornite rimmed by chalcoc
Slide 8: ZX-18023; 9.3m @3.3% Cu, 2.3g/t Au and 19.7g/t Ag Pushes Deeper
ZX-18023; 9.3m @3.3% Cu, 2.3g/t Au and 19.7g/t Ag Pushes Deeper For personal use only • Massive magnetite skarn from near surface with strong copper sulphides in core: bornite (purple) and chalcopyrite (yellow) – see photo below • 350m along-strike from current Inferred Resource • Mineralisation is
Slide 9: ZX-18020 and ZX-18024: Thick, near-surface, high grade 850m along-strike
ZX-18020 and ZX-18024: Thick, near-surface, high grade 850m along-strike • 850m along-strike from current Inferred Resource For personal use only • Potential for open pit mining at very low strip ratio • Fold closure evident in magnetic data, explains rapid change in dip • Mineralisation trend visib
Slide 10: Zackly structural corridor: multiple intrusive centers and porphyry targets
Zackly structural corridor: multiple intrusive centers and porphyry targets For personal use only • Zackly in middle of 12km long WNW structural corridor • Contains multiple targets for porphyry Cu-Au deposits + skarns visible in new hi-res magnetic survey • Prominent magnetic clusters at Mars and Z
Slide 11: Mars: strong magnetic and surface geochemical anomalism (Cu-Au-As-Mo)
Mars: strong magnetic and surface geochemical anomalism (Cu-Au-As-Mo) Analytical signal – magnetic data Copper in soil anomalism over 1400m x 800m For personal use only Slide 11
Slide 12: Mars: strong rock-chip geochemistry, up to 50% copper and 7g/t gold
Mars: strong rock-chip geochemistry, up to 50% copper and 7g/t gold Copper in rock-chips on copper in soil anomaly Gold in rock-chips on gold in soil anomaly For personal use only Slide 12
Slide 13: Mars: co-incident magnetic, IP and Cu-Au-As-Mo anomalism, drill ready
Mars: co-incident magnetic, IP and Cu-Au-As-Mo anomalism, drill ready For personal use only Slide 13
Slide 14: Caribou Dome - shallow, high-grade Cu deposit with significant upside
Caribou Dome - shallow, high-grade Cu deposit with significant upside For personal use only • 2.8Mt at 3.1% copper (0.5% lower-cut) for 86,000t of contained Copper (JORC 2012) • 60% in the top 150m including 935,000t @ 4.4% • High grade, sediment-hosted • Drill intersections over >800m strike-length
Slide 15: Ongoing work programs and news flow
Ongoing work programs and news flow For personal use only January Assay results for remaining drill holes at Zackly March Interpretation + 3D modelling of detailed magnetic data April Preliminary metallurgical test-work results for Zackly skarn Plan 2019 geophysical and geochemical sampling programs
Slide 16: Concluding Statements
Concluding Statements • Big holding of high quality, high-grade copper-gold-silver assets in mining friendly Alaska, USA For personal use only • Advanced projects – early exploration risk has been removed • Major drilling and exploration program delivered superb results in 2018 and highlighted low r
Slide 17: Appendix 1: Experienced management team with track-record
Appendix 1: Experienced management team with track-record MARK BOJANJAC For personal use only A Chartered Accountant with over 25 years’ direct experience in developing resource companies. A founding director of Gilt-Edged Mining Limited which discovered East Kundana, one of Australia’s highest grad
Slide 18: Appendix 2: Strong institutional support from major funds
Appendix 2: Strong institutional support from major funds Shares (M) Options (M) For personal use only TOTALS 319.3 23.45 SHAREHOLDERS: % Management/Directors/MRG Team 13.0 TIGHTLY HELD JP Morgan (UK) 9.7 Ruffer Gold Fund (UK) 8.6 Top 20 67% U.S. Global 4.9 Top 40 76% Lowell Resources Fund (Aus) 2.2
Slide 19: Cautionary Statements
Cautionary Statements For personal use only This presentation has been prepared by PolarX Limited (“PolarX”) to assist in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in PolarX or as