Emu Nl · ASX:EMU
Emu Nl — Investor Presentation (November 2017)
32 slides from Emu Nl's investor presentation, Nov 24, 2017
Slide 1: Value creation through exploration: Evidence and encouragement
For personal use only EMU NL Value creation through exploration Evidence and encouragement November 2017
Slide 2: Today's topics
For personal use only Todays topics About us The team How we add value for investors The journey so far Exploration in Chile The target Evidence and encouragement Getting the job done Creating value from exploration for investors 2
Slide 3: The team
For personal use only The team High calibre senior team of seasoned, hands-on professionals with international track records of mineral discovery and the development of substantial mining assets Chairman Peter Thomas, legal background, having managed natural resources-focussed legal practice for ove
Slide 4: How we add value
For personal use only How we add value We add value by: Selecting high quality exploration prospects and properties which offer: - considerable opportunity for a significant exploration discovery - demonstrable potential leading to a development plan Executing meaningful and cost-effective programs
Slide 5: The journey so far
For personal use only The journey so far We focus on large opportunities Utah In 2015 we identified a substantial gold target in Utah, with a discrete geophysical anomaly within appropriate rock types. There was the potential for a large-scale Carlin-style system on the margin of a well defined doma
Slide 6: Value from exploration
For personal use only Value from exploration Big targets in the Maricunga Gold Belt, Atacama Region, Chile Why we are here and what we seek to find Evidence and encouragement Initial exploration work is building the picture of a large mineralised system Getting the job done Effective and efficient e
Slide 7: Big targets
For personal use only Big targets Images of Barrick Pascua Lama operation and recent Alturas discovery, courtesy of Barrick, Toronto Geological discussion Group April 2016 Creating value from exploration for investors 7
Slide 8: Maricunga Belt, Chile
For personal use only Maricunga Belt, Chile Selected the Maricunga Belt of Chile Established mining region Considerable precious metal endowment with Meaningful exploration potential As evidenced by Recent substantial discoveries • Salares Norte (3.3Moz gold, 42.1Moz silver) discovery 2011 • Alturas
Slide 9: We are looking for large gold-silver deposits
For personal use only We are looking for large gold-silver deposits Exploration in the Maricunga and El Indio Belts has identified large precious metal (gold-silver) deposits in high sulphidation epithermal (‘HSE’) systems • They have distinct alteration patterns, frequently with a low grade mineral
Slide 10: We are looking for large gold-silver deposits: Salares Norte
For personal use only We are looking for large gold-silver deposits Salares Norte – Gold Grade Shell NW LONGITUDINAL SECTION LOOKING TO NE SE Top of mineralisation ~4370 Look here Top of mineralisation ~4310 1 Open under a distinct alteration cap Gold (g/t) Agua Amarga - 700m 0 - 0.05 0.05 - 0.25 Br
Slide 11: Project details
For personal use only Project details • The Vidalita-Jotahues prospect area occurs ~120km east of the city of Copiapo in the Atacama Region of Northern Chile • Soil sampling by Emu NL defined a target area of dimensions > 4 X 2km, which remains open owing to the extent of the current sampling data •
Slide 12: Project details
For personal use only Project details Expanding a footprint in an area dominated by major mining companies Creating value from exploration for investors 12
Slide 13: Evidence and encouragement
For personal use only Evidence and encouragement Creating value from exploration for investors 13
Slide 14: Evidence and encouragement
For personal use only Evidence and encouragement Evidence for a large, intact, gold-silver High Suphidation Epithermal system based on: • ALTERATION - large alteration zones of the right type across the tenements • SOIL GEOCHEMISTRY - extensive soil geochemical anomalies characteristic of HSE system
Slide 15: Alteration
For personal use only Evidence and encouragement Alteration Landsat imagery is used to identify prospective alteration systems Our tenements host several very large alteration zones of the right signature as indicated by yellow and orange color Creating value from exploration for investors 15
Slide 16: Soil geochemistry
For personal use only Evidence and encouragement Soil geochemistry The soil sampling program from the last field season defined an extensive surface geochemical anomaly measuring > 4km x 2km The anomaly is defined by gold and silver ..as well as trace elements that are typically associated with thes
Slide 17: Rock geochemistry
For personal use only Evidence and encouragement Rock geochemistry 0.20 g/t Au + 21.2 g/t Ag 4.28 g/t Au + 66.3 g/t Ag 8.98 g/t Au +159 g/t Ag We have identified and sampled gold and silver bearing rocks across the Vidalita and Jotahues tenements 1.57 g/t Au + 35.7 g/t Ag Silver occurs in significan
Slide 18: Rock geochemistry: alteration zone
For personal use only Evidence and encouragement Rock geochemistry Alteration zone We are currently following up earlier mapping of silicified, iron-rich, oxidized rocks on the margin of a large Bismuth alteration zone anomaly distinct mercury and bismuth Mercury anomalies. Both elements are anomaly
Slide 19: Drilling
For personal use only Evidence and encouragement Drilling 3 diamond drill holes confirming the geological setting and linking the observed surface geochemistry with the underlying suite of rocks The right geology - intensely clay altered monomictic and polymict breccia Unoxidised polymictic breccia
Slide 20: Geophysics
For personal use only Evidence and encouragement Geophysics Our initial test drill A distinct and extensive program did not extend geophysical anomaly deep enough extends over 2.4km The 2017-18 program should resolve this not yet tested in drilling anomaly Hypothesis that it could be a large alterat
Slide 21: What comes next?
For personal use only What comes next? Results from the recent sampling at Jotahues Completion of the first pass soil sampling program over the Vidalita project Commence the drill testing of the anomalies and targets • large air core program • follow up diamond drilling Prospecting of regional prope
Slide 22: Getting the job done
For personal use only Getting the job done Creating value from exploration for investors 22
Slide 23: Getting the job done
For personal use only Getting the job done People We have assembled a team of experienced South American-based geoscientists Our field team was deployed 31 October to follow up the anomalous talus samples and the pyritiferous gold and silver bearing rocks in the north of the Jotahues tenement area A
Slide 24: For personal use only
For personal use only ASX:EMU Ordinary fully paid shares 65.91M Contributing shares 36.58M* *paid to 3c, 3c to pay; no call before 31/12/18 Market Cap November 2017 $14M Cash 31/9/17 ~ $2.3m Relatively small issued share capital Tightly held stock with Top 20 holding ~59% of ordinary shares Creating
Slide 25: Key message
For personal use only Key message We are pursuing a meaningful target in a prolific mineralised belt. Potentially, a transformative exploration outcome Substantive exploration program of geochemical sampling, mapping and drilling. Work directed at providing answers The results to date are consistent
Slide 26: Additional materials
For personal use only Additional materials Details of rock chip samples Details from drilling Creating value from exploration for investors 26
Slide 27: Rock chips – Vidalita south area
For personal use only Appendix: Rock chips – Vidalita south area Individual rocks in this area show better grades of 3.08 g/t Au + 50.2 g/t Ag 5.24 g/t Au + 14.4 g/t Ag 5.71 g/t Au + 17.8 g/t Ag 32.9 g/t Au + 25.3 g/t Ag From silicified oxidized rocks. Silver occurs in significant amounts. Equivalen
Slide 28: Rock chips – Vidalita north area
For personal use only Appendix: Rock chips – Vidalita north area Individual samples of rocks in this area show better grades of 0.20 g/t Au + 21.2 g/t Ag 4.28 g/t Au + 66.3 g/t Ag 8.98 g/t Au +159 g/t Ag From silicified oxidized rocks. Silver occurs in significant amounts. Equivalence At spot USD pr
Slide 29: Rock chips – Vidalita central area
For personal use only Appendix: Rock chips – Vidalita central area Individual samples of rocks in this area show better grades of 1.57 g/t Au + 35.7 g/t Ag 5.54 g/t Au + 89.7 g/t Ag 14.5 g/t Au + 177 g/t Ag From silicified oxidized rocks. Silver occurs in significant amounts Equivalence At spot USD
Slide 30: Initial drill program
For personal use only Appendix : Initial drill program silver in the interpreted alteration cap Hole 1 from 2.20- 105.05m average grade 1 meter samples 102.85m at 0.52 g/t Ag Hole 2 from 0- 193.35m average grade 1 meter samples 193.35m at 0.28 g/t Ag Hole 3 From 0- 143.55m average grade 1 meter samp
Slide 31: Legal Disclaimer
For personal use only Legal Disclaimer Forward-Looking Statements • This presentation has been prepared by EMU NL. This document contains background information about EMU NL current at the date of this presentation. The presentation is in summary form and does not purport be all inclusive or complet
Slide 32: Thank you
For personal use only Thank you ASX: EMU info@emunl.com.au www.emunl.com.au 08 92264266 Follow our progress on twitter @emuasx Creating value from exploration for investors 32