Polarx Ltd · ASX:PXX
Polarx — Corporate Update (November 2018)
20 slides from Polarx's corporate update, Nov 19, 2018
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, 19 November 2018 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 For personal use only ZACKLY • Advanced projects, high‐grade JORC resources with Cu and Cu‐ Au‐Ag from surface • In a known porphyry province with proven world‐class endowment in Alaska, Yukon and BC • Two goals: 1. To expand the
Slide 3: Excellent progress in the last 12 months: highly successful 2018 campaign
Excellent progress in the last 12 months: highly successful 2018 campaign For personal use only Maiden resource for the high‐grade Zackly Cu‐Au‐Ag deposit MARS Positive drill results for Zackly expansion, which include: 55m @ 0.6% Cu + 2.8g/t Au (850m east of Inferred Resource) 47m @ 0.6% Cu
Slide 4: Easy access, mining friendly Tier jurisdiction
Easy access, mining friendly Tier 1 jurisdiction For personal use only ALASKA RANGE PROJECT: • 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 5: Excellent regional structural setting at boundary of known mineralised belts
Excellent regional structural setting at boundary of known mineralised belts For personal use only • Major boundary between the Tintina Gold Belt and the Cretaceous Porphyry Copper Belt • Intersected by a major NW to WNW trending fault corridor forming a pathway for fertile magmas • Same age rocks a
Slide 6: High confidence for future Zackly expansion + strong vector to Zackly SE
High confidence for future Zackly expansion + strong vector to Zackly SE For personal use only 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) 0.5% Cu Inferred 3.4 1.2 2.0 14.0 41,200 90.9 213,000 1.5 Zackly Zackly SE
Slide 7: Strong copper-gold mineralisation in ZX-18018: 100m deeper
Strong copper‐gold mineralisation in ZX‐18018: 100m deeper For personal use only • This intersection is approximately 100m below the nearest hole on this section of the inferred resource • Copper and gold mineralisation within sub‐vertical skarn alteration from 260.15m to 332.08m down hole • High‐te
Slide 8: ZX-18023; 9.3m @3.3% Cu, 2.3g/t Au and 19.7g/t Ag
ZX‐18023; 9.3m @3.3% Cu, 2.3g/t Au and 19.7g/t Ag For personal use only • Massive magnetite skarn from near surface • 350m along‐strike from current Inferred Resource • ZX‐18025 intersected 15m @ 2.3% Cu, 2.2 g/t Au on same section • Mineralisation is strongly magnetic – detailed airborne survey res
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 For personal use only • 850m along‐strike from current Inferred Resource • 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 • WNW structural corridor containing multiple targets for porphyry Cu‐Au deposits + skarns visible in new hi‐res magnetic survey • Prominent magnetic clusters at Mars and Zackly SE at either end of this
Slide 11: Mars – strong magnetic and surface geochemical anomalism
For personal use only Mars – strong magnetic and surface geochemical anomalism Analytical signal – magnetic data Copper in soil anomalism over 1400m x 800m Slide 11
Slide 12: Mars – co-incident Cu, Au, As, Mo anomalism in soil sampling
For personal use only Mars – co‐incident Cu, Au, As, Mo anomalism in soil sampling Gold in soil anomalism over 2000m x 1500m Molybdenum in soil anomalism over 1400m x 800m Slide 12
Slide 13: Mars – strong rock-chip geochemistry, up to 50% copper and 7g/t gold
For personal use only 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 Slide 13
Slide 14: Mars – strong IP and surface geochemistry, widespread alteration
For personal use only Mars – strong IP and surface geochemistry, widespread alteration Slide 14
Slide 15: 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 16: Ongoing work programs and news flow
Ongoing work programs and news flow For personal use only 2018 September Assay results for ZX‐18020, ZX‐18024, ZX‐18025 October Assay results for ZX‐18021 November Assay results for soil and rock‐chip samples at Mars porphyry target Assay results for remaining drill holes at Zackly Detailed aeromagn
Slide 17: Concluding Statements
Concluding Statements For personal use only • Big holding of high quality, high‐grade copper‐gold‐silver assets in mining friendly Alaska, USA • Advanced projects – early exploration risk has been removed • Major drilling and exploration program delivered superb results in 2018 • Massive upside from
Slide 18: Appendix 1: Experienced management team with track-record
Appendix 1: Experienced management team with track‐record For personal use only A Chartered Accountant with over 25 years’ direct experience in developing resource companies. A founding director of Gilt-Edged MARK BOJANJAC Mining Limited which discovered East Kundana, one of Australia’s highest grad
Slide 19: Appendix 2: Strong institutional support from major funds
Appendix 2: Strong institutional support from major funds For personal use only Shares (M) Options (M) TOTALS 298.3 5.2 SHAREHOLDERS: % Management/Directors/MRG Team 15.0 TIGHTLY HELD JP Morgan (UK) 8.7 Ruffer Gold Fund (UK) 7.2 Top 20 65% U.S. Global 5.3 Top 40 75% Millrock Resources Inc 3.3 Lowell
Slide 20: 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