Empire Resources Limited · ASX:ERL
Empire Resources — Shareholder Meeting (November 2020)
23 slides from Empire Resources's shareholder meeting presentation, Nov 4, 2020
Slide 1: 2020 Annual General Meeting Presentation
For personal use only Empire Resources Limited Focussed on Building Value 2020 Annual General Meeting Presentation 4 November 2020 ASX:ERL
Slide 2: Disclaimer
Disclaimer For personal use only This presentation is for information purposes only. This presentation has been prepared by Empire Resources Limited (“Empire” or the “Company”) and contains general background information about Empire’s activities as at the date of this presentation (“Information”).
Slide 3: 2020 Highlights
2020 Highlights For personal use only • Recommencement of direct exploration in November 2019 ➢ 10,808m of drilling completed at Penny’s & Yuinmery ➢ Multiple soils, DHEM & technical review programs completed ➢ Aircore drilling at Yuinmery in progress • Demonstrated exploration success ➢ Broad Cu-Ni
Slide 4: Investor Dashboard
Investor Dashboard For personal use only Capital Structure (at 3 November 2020) Share Price Performance Share Price $ 0.012 FPO Shares Outstanding m 908.75 Cash & Tradables (Unaudited) $m 5.75 Debt & Other Liabilities* $m 1.60 Market Capitalisation $m 10.90 *Includes $1.5M unsecured loan refer ASX:E
Slide 5: NTM Investment
NTM Investment For personal use only 1 • Strategic investment in NTM Gold (ASX:NTM) ➢ $1.5M investment @ $0.0325/share (July 2019) ➢ $4.45M valuation @ $0.097/share (3 November 2020) ➢ 45.89m FPO shares = 6.71% of issued capital • Investment catalysts ➢ High grade Hub Resource Maiden HUB Resource ➢
Slide 6: Empire Project Locations
Empire Project Locations For personal use only • +220km2 of tenements • Yuinmery (Cu-Au, Cu-Ni & PGM) ➢ 370km NE of Perth ➢ 7km to Youanmi Mine Site • Penny’s (Au) ➢ 45km NE of Kalgoorlie ➢ 26km to Kanowna Gold Mine • Barloweerie (Zn-Pb-Ag-Au) ➢ 112km2 ➢ 150km West of Cue 6
Slide 7: Yuinmery
Yuinmery For personal use only • Polymetallic VMS and orogenic gold styles of mineralisation • Multiple deposits, multiple prospects, multiple targets ➢ 2 deposits – 1 JORC Resource ➢ 26 prospects – 6 untested below 75m ➢ 18 targets – 13 untested by drilling • Recent exploration results includes bro
Slide 8: Yuinmery
For personal use only Yuinmery 8
Slide 9: Yuinmery
For personal use only Yuinmery 9
Slide 10: Yuinmery – YT01
Yuinmery – YT01 For personal use only • Identified late 2019 • RC drilling early 2020 ➢ 44m @ 0.44% Cu, 0.09g/t Au ➢ 44m @ 0.47% Cu, 0.07g/t Au PGM Mineralisation June 20201 • 20m @ 0.39% Cu & 0.11% Ni ➢ inc. 12m @ 0.34g/t Pd, 0.11g/t Pt • Follow up soils and AC drilling underway 1 Refer to ASX:ERL
Slide 11: Yuinmery – Smith Well
Yuinmery – Smith Well For personal use only • Broad sulphide mineralisation ➢ 10m matrix (>55%) pyrrhotite, pyrite & chalcopyrite fr 107m • Strong DHEM responses • Extension results pending Drillholes & Modelled Plates on Airborne VTEM Late-Time CH34 (7.828ms) 11
Slide 12: Yuinmery – Smith Well
Yuinmery – Smith Well For personal use only 12
Slide 13: Penny's Gold Project
Penny’s Gold Project For personal use only • 23.9km2 tenement package 45km from Kalgoorlie • Proximal to Penny’s Find Gold Mine (ASX:ONX) 1 ➢ 248,000 tonnes @ 7.04g/t Au for 56,000oz • Multiple targets, limited drill testing ➢ Targeting structurally controlled and supergene gold ➢ 5 drill ready targ
Slide 14: Penny's Gold Project – Priority drill targets
Penny’s Gold Project For personal use only • Priority drill targets ➢ PF09 Broad supergene mineralisation Open in all directions ➢ PF04 Parallel structures interpreted from RAB and RC drilling ➢ PF10 4m @ 0.60g/t & 4m @ 0.82g/t Au (PFRAB07-100) ➢ PF08 1m @ 0.81g/t Au (PAC19-33) end of hole mineralis
Slide 15: Penny's Gold Project
Penny’s Gold Project For personal use only 15
Slide 16: Penny's Gold Project – PF09
Penny’s Gold Project – PF09 For personal use only • Widespread mineralisation • Recent aircore results ➢ 12m @ 0.8g/t Au, inc 4m @ 1.8g/t Au1 • Open in all directions • Follow up drilling planned 1 Refer to ASX:ERL release “Widespread Gold Mineralisation in Aircore Drilling at Penny’s ” 12 October 2
Slide 17: Penny's Gold Project – PF04
Penny’s Gold Project – PF04 For personal use only 17
Slide 18: Barloweerie
Barloweerie For personal use only • 112km2 tenement 150km west of Cue • VMS style mineralisation ➢ Multiple historical Zn-Pb-Ag-Au targets • Historical shallow RAB drilling at Sandford prospects ➢ 5m @ 4.8% Zn, 1.6% Pb & 55g/t Ag from 38m ➢ 20m @ 69.5g/t Ag from 127m (12m true thickness) • Historica
Slide 19: Barloweerie – Sanford
Barloweerie For personal use only • Sanford 1 ➢ 5m @ 4.8% Zn, 1.6% Pb & 55g/t Ag ➢ 21m @ 82.5g/t Ag, including: ➢ 5m @ 1.2% Pb, ➢ 10m @ 0.7% Zn and 1m @ 1.8% Zn ➢ 9m @ 2.1% Zn & 77.0g/t Ag • Sanford 2 ➢ 2m @ 3.6g/t Au, 62.0g/t Ag, 1.5% Zn & 1.5% Pb ➢ 0.3m @ 12.1g/t Au & 100.0g/t Ag ➢ 57.0g/t Au & 64
Slide 20: Summary
Summary For personal use only • Excellent package of highly prospective exploration projects ➢ Multi-commodity: Au, Cu-Au, Cu-Ni-Co, PGM’s & Zn-Pb-Ag-Au ➢ Greenfields through to advanced exploration with existing JORC Resource • Demonstrated efficient and effective exploration ➢ Systematic approach
Slide 21: Contact Information
Contact Information For personal use only 159 Stirling Highway Nedlands, WA 6009 PO Box 1104 Nedlands, WA 6909 P: +61 (0)8 9386 4699 F: +61 (0)8 9386 9473 sean.richardson@resourcesempire.com.au www.resourcesempire.com.au ASX:ERL 21
Slide 22: Appendix I – Just Desserts Copper-Gold Resource
Appendix I For personal use only 1 Just Desserts Copper-Gold Resource April 2016 JORC Resource to depth of 170m at 0.5% Cu lower cut off Indicated Inferred Total Weathering Tonnes Cu% Au g/t Ag g/t Tonnes Cu% Au g/t Ag g/t Tonnes Cu% Au g/t Ag g/t Partial 97,000 1.05 0.30 0.98 65,000 1.43 0.18 2.21
Slide 23: Appendix II – Competent Person Statements
Appendix II For personal use only Competent Person Statements The information is this presentation concerning the Mineral Resources for the Just Desserts/Trajan Deposit have been estimated by Mr Peter Ball BSc who is a director of DataGeo Geological Consultants and is a member of the Australasian In
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