Impact Minerals Limited · ASX:IPT
Impact Minerals — Shareholder Meeting (November 2013)
35 slides from Impact Minerals's shareholder meeting presentation, Nov 21, 2013
Slide 1: 2013 Annual General Meeting Presentation by Managing Director
ASX ANNOUNCEMENT ASX: IPT Date: 21 November 2013 Number: 322/211113 For personal use only 2013 ANNUAL GENERAL MEETING PRESENTATION BY MANAGING DIRECTOR Attached is a presentation which will be delivered by the Company’s Managing Director, Dr Michael Jones, at today’s Annual General Meeting. A copy o
Slide 2: Impact Minerals Limited: A New Dawn?
Investor Presentation For personal use only Impact Minerals Limited A New Dawn?...... November 2013 1
Slide 3: Disclaimer
Disclaimer • The review of exploration activities and results contained in this report is based on information compiled For personal use only by Dr Mike Jones, a Member of the Australian Institute of Geoscientists. Mike Jones is a working Director of Impact Minerals Limited. He has sufficient experi
Slide 4: Impact Minerals
Impact Minerals For personal use only Impact Minerals (ASX: IPT) Invictus Gold (ASX: IVG) Listed on ASX November 2006 January 2011 Shares on Issue 450m 111m (74.9% IPT) Options 35m unlisted 8m listed (IVGOA) Share Price 8c 5.5 c Market Cap $35m $5.5m Mulga Tank JV: Ni-Cu-PGM (WA) Commonwealth Au-Ag-
Slide 5: Staying Alive in Difficult Times
Staying Alive in Difficult Times For personal use only “Running a junior exploration company is like riding a bike: if you go too slow you will fall off.” Anon. 4
Slide 6: Deals Completed in 2013
Deals Completed in 2013 Acquisition of Endeavour Minerals Pty with 75% owned Invictus Gold For personal use only Limited for $1.05M in cash and shares for 3 advanced projects in Australia : • Impact acquired JV rights to two nickel-copper-PGE projects; • Invictus acquires the very high grade Commo
Slide 7: The Merged Group
The Merged Group For personal use only New Focus Old Focus 6
Slide 8: Mulga Tank Nickel-Copper-PGE Project
For personal use only Mulga Tank Nickel-Copper-PGE Project Western Australia Impact 20% to 100% and earning 50% to 70% 7
Slide 9: Mulga Tank Project
Mulga Tank Project • Emerging WA nickel province For personal use only • Near to world class nickel mines: – Perseverance >1 Mt Ni metal – Mt Keith >2 Mt Ni metal – Kambalda camp >1 Mt metal • Recent discoveries at – Nova-Bollinger deposit (0.5 Mt Ni Eq.) – Camelwood (Ni) – Collurabie (Ni-Cu-PGE) 8
Slide 10: Mulga Tank Project Licence Ownership
Mulga Tank Project Licence Ownership • 13 exploration licences: 425 km² For personal use only • Impact owns 100% of 6 licences • Joint Venture with Golden Cross Resources (GCR) on 7 licences with Impact already owning 20% of E39/988 and 25% of E39/1072 • Impact has the right to earn a further 50% in
Slide 11: Mulga Tank: A new nickel field?
Mulga Tank: A new nickel field? For personal use only • Very poorly explored greenstone belt • Extensive sand cover has hindered exploration • IPT’s licences cover 425 sq km • Significant untapped gold potential • Work by Impact only focused on 15 sq km area over the Mulga Tank Dunite Mulga Tank 10
Slide 12: Mulga Tank: Nickel Model
Mulga Tank: Nickel Model Perseverance – Rocky’s Reward - Venus For personal use only • Targeting very large deposits e.g. Perseverance: >1 Mt nickel metal and Rockys Reward: >0.25 Mt nickel metal (By comparison Nova-Bollinger (Sirius Resources) contains 0.36 Mt nickel equiv) • Significant potential
Slide 13: Mulga Tank: Previous Work
Mulga Tank: Previous Work • 4 previous diamond drill holes 1 km apart For personal use only 1 km • All holes intersected over 200 m of about 0.2% nickel • Best results: - 11 m at 0.37% Ni, 0.07 g/t PGE 160 ppm Co from 202 m including - 1 m at 1.12% Ni, 0.5 g/t PGE and 260 ppm Co; also - 40 m at 0.3%
Slide 14: Mulga Tank: Ground EM
Mulga Tank: Ground EM For personal use only Conductor • Impact has identified 3 Section Conductor 7 drill ready targets Lines 1 with coincident electromagnetic and 1 km soil geochemistry Conductor anomalies 2 • Potential for >1 Mt of contained nickel metal Conductor 4 13 Nova-Bollinger: same scale
Slide 15: Mulga Tank: Conductor
Mulga Tank: Conductor 1 For personal use only Strongest EM conductor and strongest soil response Drill Ready 14
Slide 16: Drill Results Conductor 1: Upper Unit
Drill Results Conductor 1: Upper Unit For personal use only 5 cm Up to 10% disseminated pyrrhotite and pyrite in 20 m wide ultramafic unit with up to 2% sulphide at about target depth of conductor (310 metres) Up to 2% nickel and 0.75% copper in disseminated zone (hand held XRF readings) Sulph
Slide 17: Drill Results Conductor 1: Lower Unit
Drill Results Conductor 1: Lower Unit Pentlandite Chalcopyrite For personal use only 5 cm Up to 5% disseminated pyrrhotite, pyrite and chalcopyrite in 20 m wide ultramafic unit from 340 m depth Up to 0.8% nickel and 0.12% copper in disseminated zone (XRF) Footwall contains vein of remobilised
Slide 18: Conductor 1: Conclusions so far
Conductor 1: Conclusions so far For personal use only 17
Slide 19: Drill Results Conductor
Drill Results Conductor 2 For personal use only 5 cm 18
Slide 20: Conductor 2: Conclusions so far
Conductor 2: Conclusions so far Widespread veinlets, fracture-fill and disseminations of For personal use only chalcopyrite in 50 m thick zone in the immediate footwall of the Mulga Tank Dunite Similar zone identified in hole MTD003 20 m south east drilled by previous explorers indicates copper
Slide 21: Copper-gold-silver soil results
Copper-gold-silver soil results For personal use only 20
Slide 22: Mulga Tank: Nickel Model (Sudbury, Norilsk)
Mulga Tank: Nickel Model Sudbury Norilsk For personal use only 21
Slide 23: Mulga Tank: Nickel Model (Jinchuan)
Mulga Tank: Nickel Model Jinchuan For personal use only 22
Slide 24: Conclusions so far
Conclusions so far For personal use only • Discovery of disseminated and remobilised massive nickel-copper sulphides • The tenor (grade) of the nickel-copper sulphides found is high • Target sulphide deposits may contain significant copper • First direct indication of high grade nickel-copper sulphi
Slide 25: Mulga Tank: Next Steps
Mulga Tank: Next Steps For personal use only • Drill programme in progress • Drilling of Conductor 3 to finish by weekend • Drill rig to return to Conductor 1 • Drill Conductor 4 • On-going reassessment and prioritisation of other EM anomalies • $134,000 grant from the WA Drilling Initiative 24
Slide 26: Commonwealth Project
Commonwealth Project For personal use only 25
Slide 27: Commonwealth Project: Geology
Commonwealth Project: Geology For personal use only • Volcanogenic Massive Sulphide Deposit • Mined 1906-1930’s at 1 oz per tonne gold • Multiple mineralised areas and structural trends • Poorly explored: 66 drill holes for an average depth of 53 metres. 26
Slide 28: Commonwealth Mine
Commonwealth Mine • Volcanogenic Massive Sulphide For personal use only Deposit • Historic resource estimate: – 85,000 t at 6 g/t gold, 250g/t silver, 10% zinc, 3% lead, 0.5% copper in the top 50 m • Drill intercepts in fresh rock of: – 7 m at 6.2 g/t gold, 346 g/t silver, 3.2% lead, 9.2% zinc – 30
Slide 29: Commonwealth South
Commonwealth South For personal use only • High grade gold results open at depth – e.g. 30 m at 6 g/t including 2 m at 77 g/t gold 28 • Long Section highlights very high grade and down plunge potential
Slide 30: Analogy: Hera deposit (YTC) - Cobar, NSW
Analogy: Hera deposit (YTC) - Cobar, NSW For personal use only • 1 Moz gold equivalent resource and reserve • Gold-silver-zinc-lead • Starts 200 m below surface • Intial production 50,000 oz per year • Fully funded by Glencore 29
Slide 31: Commonwealth: Next Steps
Commonwealth: Next Steps For personal use only • Drill programme to commence in Q1 2014 • 2,500 m programme • Initial aim to define >100,000 oz gold eq. resource • Define plunge of shoots • Define potential for >1 million ounces gold eq. 30
Slide 32: Broken Hill Nickel-Copper-PGM Joint Venture Project
For personal use only Broken Hill Nickel-Copper-PGM Joint Venture Project New South Wales Impact earning 80% 31
Slide 33: Broken Hill Ni-Cu-PGE JV Project
Broken Hill Ni-Cu-PGE JV Project • For personal use only Located in the richly mineralised NSW Curnamona Province Moorkaie • 3 drill ready targets: – Platinum Springs – Red Hill – Moorkaie Platinum Springs • Highest platinum grades in Australia with potential for >1 Moz PGE • Mineralised mafic and u
Slide 34: Platinum Springs Prospect
Platinum Springs Prospect • Bulk sample of gossan averaged up to For personal use only Open – 19.6 g/t platinum – 50 g/t palladium – 12 g/t other PGM’s (Os, Ir, Ru, Rh) • High grade drill intercepts and rock chip samples over small 100 m x 100 m area. GMS-006 returned: – 2 m at 10.9 g/t Pt, 23.6 g/t
Slide 35: Platinum Springs West Prospect
Platinum Springs West Prospect For personal use only 34
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