Norwest Minerals Ltd. · ASX:NWM
Norwest Minerals — Investor Presentation (July 2021)
21 slides from Norwest Minerals's investor presentation, Jul 21, 2021
Slide 1: Western Australia Gold & Copper Investor Presentation
Western Australia Gold & Copper ‘Advancing the Bulgera Gold (100%), For personal use only Bali Copper (100%) and Arunta West projects’ Investor Presentation July 2021 ‘Photo: Bulgera Pit from southeast wall’
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Norwest Minerals Limited (Norwest or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presen
Slide 3: Company Overview
COMPANY OVERVIEW For personal use only NORWEST MINERALS LIMITED Aggressively exploring for Gold & Copper in WA CORPORATE SNAPSHOT ASX Code NWM Arunta West Shares on issue 108.8 million Bali Bulgera Options on issue 34.8 million Market capitalisation (at $0.087 per share) $9.5 million Cash at bank -
Slide 4: Key Asset Summary
KEY ASSET SUMMARY For personal use only Bulgera Gold Project¹ (100%) • New high-grade gold zone below historic Bulgera pit • RC hits up to 16m @ 7.3g/t gold (inc. 3m@ 30g/t) • Bulgera is extension of Plutonic (5.5Moz) and Vango (1.0Mozs) mine sequence Arunta West Cu-Au Project³ (85% to 100%) • 10 di
Slide 5: The Bulgera Gold Project Location & Overview
THE BULGERA GOLD PROJECT For personal use only LOCATION & OVERVIEW Mafic /Ultramafic • Located 200kms north of Meekatharra in a +6.5moz gold district Mine Sequence • Bulgera gold trend is the offset-extension of the Plutonic (+5.5moz)⁴ & Vango (+1moz)⁵ mafic-ultramafic mine sequence • Includes near-
Slide 6: Bulgera Exploration Targets
BULGERA GOLD For personal use only BULGERA EXPLORATION TARGETS 1. Below historic oxide pits including Bulgera, Mercuri and Venus • RC drilling shows gold mineralisation continues at depth Granite • Recent discovery of high-grade gold zone 2. Along Mine Sequence (MS) - Granite contact: • Vango MS-Gra
Slide 7: Bulgera Near Pit Gold Targets
BULGERA GOLD For personal use only BULGERA NEAR PIT GOLD TARGETS • West along mine sequence, Vango’s drill results show highest gold intervals located below 100 vertical metres⁹ Granite Mine sequence • Norwest drilling below historical open cuts • RC drilling below 100 vertical metres highly success
Slide 8: Long Section - High-Grade Gold Zone
BULGERA GOLD For personal use only LONG SECTION - HIGH-GRADE GOLD ZONE Bulgera Pit • High-grade gold RC intercepts below Bulgera Open Cut announced 11th May 21¹⁰ include: • 16m @ 7.3g/t Au (inc. 3m @ 30.3g/t Au) from 194m - BRC21015 • 6m @ 11.8g/t Au (inc. 3m @ 22.4g/t Au) from 218m - BRC21013 • 5m
Slide 9: Diamond Drilling - High-Grade Gold Zone
BULGERA GOLD For personal use only DIAMOND DRILLING - HIGH-GRADE GOLD ZONE • New gold lode - shallow dipping at ~45 degrees, -increased tonnes per vertical metre Bulgera Pit • 10 x Diamond holes planned - 2,500m pre-collars and 1,400m diamond core • Diamond drilling to test new gold lode down-dip of
Slide 10: Bulgera Gold Resources - Upgrade Potential
BULGERA GOLD For personal use only BULGERA GOLD RESOURCES - UPGRADE POTENTIAL • Shallow ore last mined 2004 to feed Plutonic gold plant • Gold resource (April 2020) - 2.9Mt @ 1g/t for 93,880 ozs following Norwest’s maiden RC drill program • Gold resources currently defined from surface to ~100 verti
Slide 11: The Bali Copper Project Location & Overview
THE BALI COPPER PROJECT For personal use only LOCATION & OVERVIEW • Norwest holds 100% of the Bali Copper Project located in Western Australia, 250kms west of Newman • The project covers 41km² with five prospects identified along the 8km northwest trending Bali shear zone • The complex history of th
Slide 12: Bali Rock Chip Results - Copper
BALI COPPER For personal use only BALI ROCK CHIP RESULTS – COPPER¹⁴ • In 2018 exploration included mapping along the 8-kilometre Bali Shear Zone and the collection of 87 rock chip samples (avg 6.3% Cu) from Bali Hi, Bali Lo and Bali East prospects. • Along the surface, the potential for high-grade c
Slide 13: The Bali Copper Drilling & Analysis
BALI COPPER For personal use only THE BALI COPPER DRILLING & ANALYSIS¹⁵ Previous explorers drilled 59 holes for 2,379m – most holes less than 30m deep. Better drill intercepts include: o 9 metres @ 1.8% Copper from 8 metres downhole (Drill hole CL4) o 12 metres @ 3.6% Copper from 0 metres downhole (
Slide 14: The Arunta West Gold & Base Metals Project
ARUNTA WEST GOLD & COPPER For personal use only THE ARUNTA WEST GOLD & BASE METALS PROJECT¹⁶ Overview • Located ~600km west of Alice Springs near the WA & NT boarders • Land Access Agreements in good standing for all tenements • Limited modern exploration with some minor historic workings • 2010-201
Slide 15: Arunta West Recent Exploration
ARUNTA WEST For personal use only ARUNTA WEST RECENT EXPLORATION¹⁷ • 2020 – independent analysis of full dataset by Dr Nigel Brand • Soil sampling identified anomalous gold and base metals targets • Add E80/5362 – 5km x 15km anomalous copper from GSWA work • Plan 6,500 point infill and regional soil
Slide 16: Activity Timeline
For personal use only ACTIVITY TIMELINE 16
Slide 17: Investment Summary
INVESTMENT SUMMARY For personal use only Excellent gold & copper assets, strong management - $9.5m market cap, 109m shares on issue Aggressive 12-month exploration drilling scheduled for Bulgera gold and Bali copper projects Bulgera - 10 x diamond drill holes to test down-dip of new high-grade gold
Slide 18: Board & Management
CHAIRMAN BOARD & MANAGEMENT For personal use only CHIEF EXECUTIVE Michael Tilley OFFICER/DIRECTOR Michael Tilley is the Chairman and a founding director of Terrain Capital Limited. He has worked in the accounting and finance industries for more than 40 years and he has a broad range of Charles Sch
Slide 19: Contact
For personal use only Contact https://www.norwestminerals.com.au Norwest Minerals Charles Schaus Suite 1a, First Floor charles@norwestminerals.com.au 7 Ventnor Ave West Perth WA Australia, 6005 Tel: +61 8 6166 5814 61 (0) 417 944 295 Follow us on @MineralsNorwest @norwestminerals Norwest Minerals
Slide 20: Appendix I: Arunta West - New E80/5362 Tenement Prospectivity
APPENDIX I For personal use only ARUNTA WEST – NEW E80/5362 Tenement Prospectivity • GSWA multi-element soils work along Arunta Belt • 15km x 5 km copper anomaly - multi-point (≥ 8ppm), coherent, robust and open to the south • Voluntary surrender of ground over Bitter Springs Formation – no prospect
Slide 21: Appendix II: Arunta West - Status of 6,500 Point Soil Sampling Work
APPENDIX II For personal use only ARUNTA WEST – STATUS OF 6,500 POINT SOIL SAMPLING WORK • Completion of 6,500 point soil sampling work 1 July 21 • First 3,376 samples to lab 10 June for multi-element assay determination • Applying assay methodology developed by IGO for testing soils in Arunta regio