29metals Limited · ASX:29M
29metals — CLSA Australian Exploration Access Day Conference 2022
32 slides from 29metals's conference presentation, Jun 2, 2022
Slide 1: CLSA Australian Exploration Access Day Conference
29Metals Limited CLSA Australian Exploration Access Day Conference June 2022
Slide 2: Important information
Important information The information in this presentation has been derived from material publicly released by 29Metals and is provided for informational purposes only and may be changed or updated without notice. The information presented should not be used for any purpose other than gaining genera
Slide 3: Important information
Important information PRESENTATION CURRENCY AND ROUNDING 29Metals functional currency is Australian dollars (‘A$’). Unless otherwise stated, all financial information in this presentation is in A$. Financial information in this presentation is subject to rounding. MINERAL RESOURCES AND ORE RESERVES
Slide 4: Portfolio
Portfolio Substantial copper producer, with all assets in Tier 1 jurisdictions Production from Golden Grove and Capricorn Copper, both with long mine lives, production growth opportunities and significant resource extension potential, plus Redhill in Chile providing a strategic landholding in the la
Slide 5: Exploration Strategy
Exploration Strategy Exploring Tier 1 locations for copper and other metals critical to the global energy transition Exploration is the third limb of 29Metals’ organic growth strategy, with exploration opportunities in the prospective tenement packages around existing mining operations at Capricorn
Slide 6: Geology Management
Geology Management Highly experienced geology management team Team Structure Mark van Heerden Rosie Gray Walter Muehleback Lucas Williams Group Manager, Geology Exploration and Mineral CEO, Redhill Geology Manager, Resource Manager, Golden Grove 13yrs with Golden Grove 7yrs with Redhill Capricorn Co
Slide 7: Exploration
Exploration 2022 Exploration Guidance: $10 – 20m (2021 expenditure $8m) Xantho Extended Xantho Extended North Conteville Cervantes Xantho Scuddles – GG4 GOLDEN Oizon GROVE D Zinc Hougoumont Extended Hougoumont Flying Hi Gossan Hill Remnants Gossan Scuddles Remnants Valley Tryall Amity Moose Hill Mt
Slide 8: Capricorn Copper
1 Capricorn Copper 8
Slide 9: Capricorn Copper
Capricorn Copper High-grade copper operation in a Tier 1 jurisdiction Asset Overview Capricorn Copper Project Location Queensland, Australia Mining method Underground, sub-level caving and long hole open stoping Commercial production Large scale mining commenced in 1970 Mine life 10+ years Product C
Slide 10: In-mine and Near-mine Growth
In-mine and Near-mine Growth Capricorn Copper Five known orebodies: Multiple mining fronts and orebodies 1,858km2 of highly prospective, under- provide scheduling flexibility and blending optimisation ESS, Mammoth and Greenstone in production. Esperanza and Pluto in LOM plan explored tenements
Slide 11: Redhill
2 Redhill 11
Slide 12: Redhill
Redhill 2022 field campaign underway to define future drilling program Field sampling using portable drills and high- resolution drone-based magnetic surveys Collected rock samples along strike of the Gorda, Christina, and Cutters veins, with assay results pending Drone mounted high-resolution
Slide 13: Golden Grove
3 Golden Grove 13
Slide 14: Golden Grove
Golden Grove World-class VHMS geological system Asset Overview Location Western Australia Mining method Underground, long hole open stope Commercial production Commenced in 1990 Mine life 10+ years Copper concentrate, zinc concentrate, high precious metals Product concentrate Tonnes Cu Zn Au Ag Pb M
Slide 15: In-mine and Near-mine Growth
In-mine and Near-mine Growth Golden Grove long-section 1 World-class VHMS with multiple ore sources and diversified production Advancing and developing known targets Significant untested exploration potential, both along strike and at depth Potential 3rd Mining Front Existing Operations Xantho
Slide 16: Golden Grove Geology
Golden Grove Geology Regional geology Local geology Yalgoo-Singleton Greenstone Belt 3 mineralised stratigraphic units: Extensive greenstone belts within trucking distance o GG6, GG4 and SC3 Highly prospective for base metal mineralisation GG6 hosts Scuddles resource o GG4 unit a priority
Slide 17: Approach to Resource Growth & Exploration
Approach to Resource Growth & Exploration Golden Grove Exploration strategy Progression of generative targets through to Ore Reserves across district, near mine and in-mine exploration Annual cycle of Mineral Resource growth and conversion seeks to exceed mining depletion o One Geology team take
Slide 18: Deposit Scale Exploration
Deposit Scale Exploration Robust exploration model refined over 50 years – targeting techniques well proven Surface Geochemistry – historic data re-analysis Litho-geochemistry – machine learning algorithm developed Good coverage of soil and Outputs of the algorithm include stratigraphic unit pre
Slide 19: Deposit Scale Exploration
Deposit Scale Exploration Downhole electro-magnetic (DHEM) continues to identify new targets Geophysics – Identified Gossan Valley and Grassi orebodies DHEM surveys on surface diamond drillholes Primary geophysical tool used in exploration on site Search radius of 150m around the drill hole
Slide 20: Deposit Scale Exploration
Deposit Scale Exploration Find the feeder, find the deposit Drilling and Geological Modelling – 3D geological models used for direct targeting around feeder zones Significant amounts of drilling across the tenement package AC and RC key to obtaining geochemical information Diamond drilling for
Slide 21: Exploration Discovery Timeline
Exploration Discovery Timeline Long-lived exploration success – right rocks, team and Budget to continue discovery Sulphide and magnetite gossans discovered at Gossan Hill during 1971 regional prospecting for massive sulphides hosted within felsic World-class VHMS system volcanics Scuddles depos
Slide 22: Cervantes Resource Extension
Cervantes Resource Extension Successful Exploration programme is ongoing at Cervantes The 2021 Mineral Resources estimates 1 have seen a 100% increase in estimated tonnes to 4.6Mt @ 1.4% Cu, 6.6% Zn, 0.7g/t Au, 40g/t Ag (2020: 2.3Mt @ 1.1% Cu, 6.9% Zn, 0.5g/t Au, 34g/t Ag) 2020 Cervantes Resource 20
Slide 23: Future Exploration Opportunities
Future Exploration Opportunities Near mine and resource extension Significant untested potential, both along strike and at depth at Scuddles, Gossan Hill, Gossan Valley and Grassi Favourable geology, tenure over all known occurrences of the Golden Grove formation Extensive historic data with ove
Slide 24: Future Opportunities
Future Opportunities Scuddles exploration Scuddles Long-section 2 N Targets Scuddles Oxide Southern extent of Scuddles Oxide not fully tested Potential 30-40m dextral offset at the southern end of the Scuddles Oxide Pit has not been tested Scuddles Footwall The GG4 stratigraphic position at Sc
Slide 25: Future Opportunities
Future Opportunities Gossan Hill exploration Gossan Hill Long-section 2 Targets N North Xantho Extended Interpreted that Dacite intrusion occupies the feeder position adjacent to Xantho Extended to the north It is common for both sides of the feeder zones to be mineralised as is the case for Ami
Slide 26: Future Opportunities
Future Opportunities Gossan Valley exploration – deeper favourable stratigraphy remains untested Gossan Valley Long-section 1, 2 Target area Targets N Limit of current drilling as at 31-March-2022 Conteville Zinc mineralisation intersected in GG4 unit the same stratigraphic position as Gossan Vall
Slide 27: Future Exploration Opportunities
Future Exploration Opportunities Regional exploration Assess and rank regional copper and zinc occurrence for potential follow up work 200Km radius Copper Occurrence Zinc Occurrence 100Km radius Golden Grove Golden Grove Tenure 27
Slide 28: Appendix
Appendix 28
Slide 29: Definitions of Non-IFRS Financial Information Metrics
Definitions of Non-IFRS Financial Information Metrics METRIC DEFINITION AISC is all-in sustaining costs, and is calculated as C1 Costs plus royalties cost, corporate costs, sustaining capital and capitalised development costs, but excludes growth capital and exploration. AISC is cited per pound of p
Slide 30: Group Mineral Resources and Ore Reserves Estimates
Group Mineral Resources and Ore Reserves Estimates 1 Mineral Resources Mineral Resources estimates at the Group level are the aggregation of Mineral Resources estimates for Golden Grove, Capricorn Copper and Redhill. Mineral Resources have been depleted for production to 31 December 2021 and are rep
Slide 31: Group Mineral Resources and Ore Reserves Estimates
Group Mineral Resources and Ore Reserves Estimates 1 Ore Reserves Ore Reserves estimates at the Group level are the aggregation of Ore Reserves estimates for Golden Grove and Capricorn Copper. Ore Reserves have been depleted for production to 31 December 2021 and are reported as at that date 2021 20
Slide 32: Unlocking value to empower the future.
Unlocking value to empower the future. 32
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