Slide 1: Australian-based Mining Exploration Company
For personal use only Australian-based Mining Exploration Company Leveraged to the developing clean energy world Zenith Minerals Limited (ASX:ZNC)
Slide 2: Forward looking statements, Disclaimer & JORC Statements
Forward looking statements Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. Forward-looking statements include estimates of future production
Slide 3: Corporate Snapshot
Share Price Shares on Issue For personal use only Corporate $0.15 351.7m Snapshot Market Cap Cash1 $53m $4.0m Listed Equities Enterprise Value $6.8m $43m ASX:ZNC April 1st 2023 Zenith Minerals Limited Investor Presentation – April 2023 3
Slide 4: Share Price Performance and Major Shareholders
ASX:ZNC Share Price Performance For personal use only $0.50 Corporate $0.40 $0.30 Snapshot $0.20 $0.10 $0.00 Jan 2022 Apr 2022 Jul 2022 Oct 2022 Jan 2023 Major Shareholders Directors 3.4% HSBC Custody Nom. 9.4% V Top 20 BNP Paribas Noms 7.9% Hold 53% ASX:ZNC Citicorp Noms 7.7% Granich 2.5% Zenith Mi
Slide 5: Focused on two areas
Focused on two areas For personal use only Darwin Develin Creek Project Cairns Red Mountain Project Earaheedy Joint Venture Waratah Well Project Brisbane Split Rocks Project Split Rocks Project Perth Sydney Adelaide Lithium Projects Hayes Hill Project Melbourne Gold & Base Metal Projects Zenith Mine
Slide 6: Lithium Projects
Lithium Projects For personal use only Zenith owns 2 of the 10 best exploration prospects in WA (Split Rocks & Waratah Well) There are 3 Lithium Hydroxide Facilities in WA, Tianji, Covalent and Kemerton 8 Lithium Mines – highlights the need for exploration There are 5 JORC resources There are 10 adv
Slide 7: Lithium Projects
Lithium Projects For personal use only At Split Rocks we have drilled significantly in the northern extent of the resource only. In the 660 sq km we have been working further on taking soil samples which have opened up a number of targets to add to the work done at Rio. We are closing in on a resour
Slide 8: Split Rocks – Lithium Rio Prospect
Split Rocks – Lithium Rio Prospect For personal use only 2022 Program – 100 holes for 22,369m 2023 Program – Define parameters for additional Best intersections included - 26m @ 1.2% Li2O drilling, follow up targets Best intersections included - 10m @ 1.7% Li2O Best intersections included - 13m @ 1.
Slide 9: Split Rocks – Regional – Strong Blue-Sky Potential
For personal use only Split Rocks – Regional – Strong Blue-Sky Potential New Lithium Target –“Cielo” Large Geochem anomaly 9km in length by 2km wide Drill testing early 2023 ZNC ASX Release 9-Feb-2023 Zenith Minerals Limited Investor Presentation – April 2023 9
Slide 10: Waratah Well – High-grade lithium open to north, south and east
High-grade lithium open to north, south and east Waratah Well – High Grade under shallow soil cover Lithium Drill Results For personal use only Follow-up drilling planned – early 2023 10m @ 1.4% Li2O including 6m @ 2% Li2O * For full results drill refer ASX Release 24-Jan-23 Zenith Minerals Limited
Slide 11: Hayes Hill – New Lithium-Nickel Project
Hayes Hill For personal use only New Lithium – Nickel Project Option to acquire 100% of the project* 2 Els and 3 ELA’s SE of the Dome North Li deposits (ESS), immediately east of the Sinclair Cs deposit (ESS), NW of the Buldania Li deposits (LTR) Target 2 high-tenor Ni-Cu-Pt-Pd surface geochemical a
Slide 12: Gold and Base Metal Assets
Gold and Base Metal Assets For personal use only Advance, develop or monetise Split Rocks Gold: Adjacent to the lithium site in Western Australia – 100% interest Develin Creek Copper / Zinc: Northern Queensland – 100% interest Red Mountain Gold: Queensland – 100% interest Earaheedy Zinc / Lead: West
Slide 13: Split Rocks (Dulcie Far North) – Gold Exploration
Split Rocks (Dulcie Far North) – Gold Exploration For personal use only Fast Track Dulcie Far North Resource Definition Drilling High grade gold mineralisation intersected, including: • 12m @ 6.07 g/t Au (1) • 5m @ 10.6 g/t Au • 12m @ 2.86 g/t Au and • 3m @ 10.7 g/t Au Mineralisation targeted over 4
Slide 14: Red Mountain Gold-Silver
Red Mountain Gold-Silver Intrusion Related Breccia Pipe For personal use only Located 400km NW of Brisbane in central Queensland Nestled between Cracow (Aeris Resources) and Mt Rawdon (Evolution Mining) Zenith’s drilling has returned compelling high-grade gold and silver intersections including: • 1
Slide 15: Develin Creek
Develin Creek Sulphide City For personal use only Scorpion 4.9Mt at 1.2% Cu, 1.4% Zn, 0.2 21m @ 2.5%Cu, 1.6%Zn, g/t Au & 7 g/t Ag 0.4g/t Au, and 18g/t Ag (JORC) & 20m @ 2.3%Cu, 0.3%Zn, 0.4g/t Au, and 16g/t Ag Snook Prospect 3m @ 1.6%Cu, 1.0%Zn, 0.2g/t Au, and 43g/t Ag & 2m @ 2.0%Cu, 3.4%Zn, Wilsons
Slide 16: Develin Creek - Copper–Zinc; Emerging VHMS Field
Develin Creek - Copper – Zinc; Emerging VHMS Field For personal use only Located 80km NW of Rockhampton, QLD within the Rookwood Volcanics NW cross section through Sulphide City Resource Sulphide City JORC (2012) Inferred Mineral Resource of: • 4.9Mt @ 1.2% Cu, 1.4% Zn, 0.2 g/t Au & 7 g/t Ag (1) New
Slide 17: Earaheedy – Zinc/Lead/Silver
Earaheedy – Zinc/Lead/Silver (25% free carry to Completion of BFS) For personal use only Zenith Minerals Ltd (ASX: ZNC) holds a 25% free carried interest in the Earaheedy Joint Venture (EJV) – an emerging Tier-1 base metal province Maiden EJV Zn Pb Ag resource scheduled for the first half 2023 High
Slide 18: Earaheedy – Zinc/Lead/Silver
Earaheedy – Zinc/Lead/Silver (25% free carry to Completion of BFS) For personal use only Zenith Minerals Limited Investor Presentation – April 2023 18
Slide 19: Board and Management
Board and Management For personal use only David Ledger Michael Clifford Stan Macdonald Executive Chairman Chief Executive Officer Non-Executive Director • Over 35 years in investment banking, with experience • Geologist (BSc (Hons) MSc) – 30+ years’ exploration. • Associated with the mining and exp
Slide 20: Investment Highlights
Investment Investment Highlights Highlights Focus on building the lithium endowment, substantial lithium drilling campaigns For personal use only funded by JV partner until BFS Extensive and growing lithium portfolio – increasing chances of exploration success Monetise gold and base metal assets – r
Slide 21: Our Philosophy
Our Philosophy For personal use only BUILD ON EXPLORATION SUCCESS DEVELOP OPTIMISE FOR THE FUTURE WHAT WE DO Zenith Minerals Limited Investor Presentation – April 2023 21
Slide 22: References
References For personal use only Western Australian Lithium Exploration Projects with drill intersections >10m @ 1%Li2O Name Reference Owner Bounty ASX: KDR 19 December 2017 Westfarmers & SQM JV -Covalent Lithium South Ironcap ASX: WSA 22 April 2016 IGO -Western Areas Giant ASX: MZN 20 December 2016
Slide 23: Australian-based Minerals Explorer
For personal use only AUSTRALIAN-BASED MINERALS EXPLORER FOR THE PRODUCTS OF TOMORROW Zenith Minerals Limited (ASX:ZNC) Investor Presentation April 2023 David Ledger Executive Chairman david@zenithminerals.com.au +61 413 621 964 www.zenithminerals.com.au