Anax Metals Limited · ASX:ANX
Anax Metals — Investor Presentation (November 2020)
21 slides from Anax Metals's investor presentation, Nov 6, 2020
Slide 1: ANAX Enters a New Era
ANAX Enters a New Era On commencement of an earn in of up to 80% of the advanced Whim Creek Copper-Zinc Project ASX: ANX November 2020
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Anax Metals Limited (the Company) based on information from its own, and third-party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, despatch or provision of this pr
Slide 3: Company Strategy
(“Anax” meaning Leader in Ancient Greek) Company Strategy: Anax is acquiring and developing advanced mineral projects leveraged to the integration of sorting technology - Whim Creek Copper-Zinc Project; AND Exploring for significant new gold discoveries at the Whim Creek Project, in the Pilbara gold
Slide 4: Transaction Summary
Transaction Summary Anax Metals Limited (ASX:ANX) is acquiring up to an 80% interest in the Whim Creek Copper-Zinc Project from VentureX Resources Limited. Anax has raised AUD $2.0M to fund the earn-in and prepare a feasibility study on the Project. Deal Highlights • Up to 80% Interest in the Whim C
Slide 5: Corporate Snapshot
Corporate Snapshot Anax Capital Structure Shareholder Groups Existing Shareholders 210M BOARD AND MANAGEMENT 12.3% Prospectus Shares 67M TOP 20 51.8% Total Shares on Issue on re-listing 277M Market Cap on Re-listing @3c $8.3M Significant Shareholders Est Cash after costs $ 4.3M JETOSEA PTY LTD 10.53
Slide 6: The Anax Strategy for Whim Creek - Base Metal Project in a Golden Province
The Anax Strategy for Whim Creek - Base Metal Project in a Golden Province Dual development and exploration strategy: • Develop and monetise the advanced base metal project with defined measured and indicated resources and significant usable site infrastructure • Provide leveraged outcomes through t
Slide 7: Whim Creek Copper-Zinc Project
Whim Creek Copper-Zinc Project • Near-term development - brownfields site 115km SW of Port Hedland with existing infrastructure and approvals (subject to EPN compliance) • A clear path to production – Project amenable to open pit mining at Mons Cupri, Whim Creek and Evelyn and underground at Salt Cr
Slide 8: Whim Creek – Volcanic-Hosted Massive Sulphide (VHMS) Deposits
Whim Creek – Volcanic-Hosted Massive Sulphide (VHMS) Deposits The Project lies adjacent to De Grey’s Mallina project and to the north of both the DGO Gold’s Mallina tenure and the Kairos Minerals' Skywell Project The Project comprises four VHMS/Base metal mineral deposits. These are: • Mons Cupri: h
Slide 9: Whim Creek – Existing Infrastructure suited to Development Strategy
Whim Creek – Existing Infrastructure suited to Development Strategy The Whim Creek project has substantial existing infrastructure ideally suited to the Company’s development strategy and expected to facilitate a rapid path to production. Infrastructure in place includes: • Heap leach facility • Cru
Slide 10: Whim Creek Project Feasibility - A Simple Robust Development Plan
Whim Creek Project Feasibility - A Simple Robust Development Plan Whim Creek – Simple Operational Strategy • De-risk ore sorting and rejects heap leaching • Confirm key metallurgical and mine design data • Low capital outlay anticipated with existing infrastructure in place Mining Crushing and sorti
Slide 11: Managing risks to deliver leveraged outcomes
Managing risks to deliver leveraged outcomes • Exploration Risk – is limited by targeting projects with defined resources of sufficient scale for development • Development Risk –transport pre-concentrate to existing (hungry) offsite processing facilities significantly alters the development risk pro
Slide 12: Current VHMS/Base Metal Drilling Program
Current VHMS/Base Metal Drilling Program Metallurgical diamond drilling underway, as illustrated in relation to the aerial image of Mons Cupri Pit. Exploration planned to investigate prioritized coincident anomalies near Mons Cupri (numbers do not necessarily define priority): 1. Coincident VTEM (re
Slide 13: Whim Creek Project - Gold Exploration Potential
Whim Creek Project - Gold Exploration Potential • Located in the highly prospective Archean granite-greenstone gold region of the Pilbara • Adjoining De Grey tenements, notable for the Mallina Resource and the recent Hemi discovery • Anax has defined deep-seated structures to focus gold exploration
Slide 14: Whim Creek – Environmental Site Improvements
Whim Creek – Environmental Site Improvements • Whim Creek is subject to an Environmental Protection Notice (EPN). • EPN Risks and site improvements were fully disclosed in the Company’s prospectus dated 18 September 2020 • These works will facilitate site improvement, ultimately intended to meet cur
Slide 15: Anax Dual Strategy – News Flow Opportunities
Anax Dual Strategy – News Flow Opportunities Whim Creek Project Feasibility Exploration and Drilling 2020 2020 - 2021 1. Compiled exploration data and historical drilling - define 1. Preliminary Ore Sorting results – exploration upside and data gaps confirmation of sorting - Underway amenability - U
Slide 16: Whim Creek Transaction Structure
Whim Creek Transaction Structure Anax was required to re-comply under the ASX Listing Rules. Anax raised $2m via a relisting Prospectus at $0.03 per share. Transaction Structure Earn In Unincorporated Joint Venture Total % Interest in Whim Creek 80% Deposit Paid $150,000 Earn In ($4m in total) 40% o
Slide 17: Capital – Use of funds
Capital – Use of funds Allocation of funds ($) % Feasibility Studies 1,500,000 20.5 Site Management 955,000 13.1 Site Improvements and 2,218,000 30.4 Environmental Exploration, Heritage and Tenure 548,000 7.5 Earnin and Joint Venture 550,000 7.5 Agreement (deposit and Stamp duty) Working Capital 1,2
Slide 18: Capital Structure
Capital Structure Shares Number % Existing Shareholders 210,839,759 76.0 Shares issued under the Public Offer 66,666,667 24.0 Total Shares 277,506,426 100.0 Options Number Existing Director Options1 9,990,000 (1) Options 1,890,000 unquoted options exer cisable at $0.232 each on or befor e 29 Novem b
Slide 19: Whim Creek – Indicative Project Timeline
Whim Creek – Indicative Project Timeline Mining Proposal Decision to Mine, ANAX Feasibility Study Agreement Deal Close ASX Listing Reserve MCP Submission Financing, Contracts Finalised Whim Creek Drilling, Ore Sorting, Metallurgy, Geotech, Mining Studies, etc. JUL AUG – SEP 20 OCT 20 – MAR 21 APR -
Slide 20: Whim Creek Copper-Zinc Project A Low Cost Entry to Leveraged Upside and Near Term Cashflow
Whim Creek Copper-Zinc Project A Low Cost Entry to Leveraged Upside and Near Term Cashflow • Dual exploration and production strategy • Exposure to an advanced base metal project with near term production potential • Defined measured and indicated resource estimates and usable site infrastructure •
Slide 21: Contact
Contact Geoff Laing Managing Director Anax Metals Limited Ground Floor West, 20 Kings Park Road P.O. Box 644 West Perth WA 6872 P +61 8 6143 1840 E info@anaxmetals.com.au www.anaxmetals.com.au