Noronex Ltd. · ASX:NRX
Noronex — Investor Presentation (September 2022)
20 slides from Noronex's investor presentation, Aug 31, 2022
Slide 1: Noronex Copper in Namibia
For personal use only Noronex Copper in Namibia N o r o n e x L t d ( A S X : N R X ) – A f r i c a D o w n u n d e r 1 s t S e p t e m b e r 2022
Slide 2: Competent Person's Statement
2 Competent Person’s Statement The information in this report that relates to Namibian Exploration Results is based on information compiled by Mr Bruce Hooper who is a Registered Professional Geoscientist (RPGeo) of The Australian Institute of Geoscientists. Mr Hooper is a consultant to Noronex Ltd
Slide 3: Kalahari Copper Belt
3 Kalahari Copper Belt For personal use only Namibia • Modern Capital City: Windhoek • Political System: Modern Democracy • Population: 2.6m • Land Area: 825,615 km2 • Excellent infrastructure: Access to road, rail infrastructure and grid power. Projects are just over one hour from capital • Stable
Slide 4: Noronex Corporate Structure
4 Noronex Corporate Structure (ASX:NRX) For personal use only ASX Code NRX Shares on Issue 191.9m Unlisted Options (1) 36.5m Share Price $0.06 Market Capitalisation (A$m) $11.5m Cash (A$m) (2) $2.1m Enterprise Value ($m) $9.4m Board / Management 16.4% Ownership 1. Various strike prices from 10-20c 2
Slide 5: Why Copper? Demand / Supply
5 WHY COPPER? Demand / Supply For personal use only Copper Market Copper is a commodity with strong and growing market fundamentals Commentators such as S&P Global forecast copper demand to double from 25 mt today to 50mt by 2035. Demand is being driven by industrialisation and electrification (ESG
Slide 6: Kalahari Copper Belt Growing Presence
6 Kalahari Copper Belt Growing Presence For personal use only • Daheim drilling at Witvlei intercepts : • 27m @ 1.6% Cu includes 10m @ 2.5 % Cu • 29m @ 0.7 % Cu includes 4m @ 3.3% Cu • Previously undrilled prospect, follow up underway • Covered Basement High in Snowball JV • ~5,600 km2 of highly pro
Slide 7: Witvlei Project
7 Witvlei Project For personal use only Inferred and Indicated resources defined in four deposits : • 10Mt @ 1.3% Cu1 • Shallow near surface sulphide mineralization • Chalcocite in sediments, high grade concentrate • Three deposits within 30 km and now Daheim • 100 Km east of capital Windhoek on bit
Slide 8: Daheim Drilling
8 Daheim Drilling For personal use only • 27m @ 1.6 % Cu including 10m @ 2.5% Cu • 29m @ 0.7 % Cu including 4m @ 3.3% Cu and 10m @ 1.0 % Cu • 31m @ 0.7 % Cu including 7m @ 1.7 % Cu • Hole 22DHRC04 without dilution 153m at 0.39% Cu from 34m • 4m @ 1.7 % Cu, 4m @ 1.2 % Cu and 3m @ 1.6 % Cu • Hole 22DH
Slide 9: Daheim Geology
9 Daheim Geology For personal use only • Logged RC Holes to better understand Geology Downhole Photography, gamma logs with bedding dips in hole 22DHRC05 • Rocks overturned, coarsening up sequences, erosional base • Accurate dip and strike of bedding • Build 3d model
Slide 10: Daheim Extensional Drilling
10 Daheim Extensional Drilling For personal use only Modelling sedimentary bedding • Bedding oblique to drill sections 100m • Overturned Sandstone • Now open down dip to north-east • Drilling underway N
Slide 11: Daheim Extensional Drilling
11 Daheim Extensional Drilling For personal use only • Extension drilling completed to test system size • 11 of 13 holes hit mineralization • New Intercepts now cover > 1 km o 4m @ 1.7 % Cu, 4m @ 1.4 % Cu and 3m @ 1.6 % Cu in 22DHRC25 o 3m @ 2.1 % Cu and 3m @ 0.8 % Cu in 22DHRC24 o 5m @ 0.8% Cu, 11m
Slide 12: Snowball Joint Venture
12 Snowball Joint Venture For personal use only • Snowball Joint Venture covers key tectonic setting, condensed sequence over a former basement high • Typical setting for hosting large scale Sedimentary Copper deposits such as Kamoa in Central African Copperbelt • Joint Venture signed with Heyn Ohan
Slide 13: Snowball Joint Venture
13 Snowball Joint Venture Domal target at Helm For personal use only • Drilling intersected reduced shale target • Ground magnetics defines targets • Contact of NPF-DKF hosts deposits at Zone 5, Motheo and Ngami Botswana • Domal target defined at Helm • Motheo style target • Basin controlling struct
Slide 14: Kalahari Copper Belt Humpback and Damara
14 Kalahari Copper Belt Humpback and Damara For personal use only • Applications underway with ECC • Community Meetings • Focused on NPF-DKF contact, host for major deposits in Botswana • 100% Noronex • Fiesta Prospect , previous drilling over 3 km ~120 holes by Cupric Canyon 2014 –2018 includes : •
Slide 15: Kalahari Copper Belt New Applications
15 Kalahari Copper Belt New Applications For personal use only • Control of prospective northern KCB margin in Namibia • Basement highs • Volcanics • Known Copper • Ngami hits of Cobre Metals • On same Horizon as Blowhole • Sheared northern edge of Damara • Approvals underway • Drilling planned for
Slide 16: Ontario Copper Project
16 Ontario Copper Project For personal use only Figure 1: Noronex Project Location and other Projects being Figure 2: Detailed map of Noronex Projects in showing developed in Ontario, Canada nearby road and rail infrastructure • Noronex’s Canadian copper project is located on the Onaman-Tashota Gree
Slide 17: Ontario Copper Project
17 Ontario Copper Project The opportunity – growing a copper inventory in a For personal use only Tier 1 mining jurisdiction • Noronex is one of the largest land holders (32,000Ha) targeting Cu-Au-Ag VMS deposits on the Onaman-Tashota Greenstone Belt • Lynx Deposit contains a shallow JORC (2012) Inf
Slide 18: Summary
18 Summary For personal use only Growing Presence on Kalahari Copper Belt • Building on existing JORC Resource of 10mt @ 1.3% Cu • New prospect reporting wide intercepts at Daheim ( includes 27m @ 1.6% Cu) • Drill targeting basin margin highs for large deposits under Kalahari cover • Drilling Snowba
Slide 19: DorWit Consolidated Mineral Resources
19 Table 1: DorWit Consolidated Mineral Resources at a cut-off grade of 0.5% Cu as at 01 March 2021 Oxidation Classification Tonnes Cu Ag Cu content Deposit State Category (Millions) (%) (ppm) (kilo tonnes) Indicated 0.11 1.30 7 1.4 For personal use only Oxide Inferred 0.04 1.19 7 0.4 Total 0.15 1.2
Slide 20: Onaman Resources Competent Person Statement
For personal use only 20 Onaman Resources 2 Competent Person Statement The information in this report that relates to Mineral Resources in Canada is based on information compiled by Mr Garth Kirkham. Mr Kirkham is an independent consultant employed by Kirkham Geosystems and is a member of a ‘Recogni