Polarx Ltd · ASX:PXX
Polarx — Investor Presentation (January 2021)
25 slides from Polarx's investor presentation, Jan 19, 2021
Slide 1: Base and Precious Metals in the USA
Base and Precious Metals in the USA High-grade Cu and Au-Ag deposits + large-scale porphyry Cu-Au upside in Alaska and Nevada Investor Presentation 19 January 2021 ASX: PXX www.polarx.com.au 1
Slide 2: Company Snapshot
Company Snapshot PolarX (ASX:PXX) is a North American focused copper and precious metals explorer Undertaking high impact exploration at two principal projects; the Alaska Range copper-gold project (Alaska) and the Humboldt Range gold-silver project (Nevada) Both projects contain high-grade mi
Slide 3: Project Overview
Project Overview Humboldt Range Acquisition (Nevada) Located in Nevada, USA, a TIER 1 fiscal and geological jurisdiction Alaska Range GREENLAND Lies between the 5Moz Florida Canyon Gold Mine, and the 400Moz Rochester silver mine (which also contains 3.5Moz gold credits) Outcropping quartz vein
Slide 4: Company Strategy
Company Strategy 1. FOCUS ON KEY COMMODITIES 4. MAXIMISE OPPORTUNITY FOR DISCOVERY Maintain a focus on copper and Seek exposure to underexplored regions precious metals which have robust within Tier 1 locations to access market growth, and stick to North undervalued opportunities and drive America t
Slide 5: Strong management backed by strong investors
Strong management backed by strong investors KEY EXECUTIVES AND MANAGEMENT: SHARES ON ISSUE: 541.5M Mr. Mark Bojanjac (Executive Chairman) is a Chartered Accountant with >25 OPTIONS: 32.0M years experience in the resource sector. Has led many successful mining CASH (30-Sept-20): A$2.2M developments,
Slide 6: Humboldt Range Acquisition: high-grade gold-silver in Nevada
Humboldt Range Acquisition: high-grade gold-silver in Nevada Located in the best mining jurisdiction in the USA Existing very high grades of Au and Ag in outcrop and historic workings (pre-1927) Close to active world class Au and Ag-Au mines Low-cost exclusive option to acquire a Mine Lease
Slide 7: Humboldt Range: located between two very large mining operations
Humboldt Range: located between two very large mining operations Elephant country: Humboldt Range is located between two large-scale open-pit heap leach mining operations with very similar geology Florida Canyon (~100koz gold per annum) Rochester (~3.7Moz silver and ~35koz gold per annum) Fourth of
Slide 8: Humboldt Range: Black Canyon Claims
Humboldt Range: Black Canyon Claims Claims owned by same family since 1950 Limited modern exploration since mining ceased in 1927 High-grade assays from previous rock-chip sampling of outcropping veins and grab sampling from the dumps of old mine workings with peak values up to: 3,384g/t gol
Slide 9: Humboldt Range: Fourth of July Claims
Humboldt Range: Fourth of July Claims 9
Slide 10: Humboldt Range: 2021 Exploration Program
Humboldt Range: 2021 Exploration Program Complete due diligence and exercise option before end April 2021 and immediately commence exploration Geological mapping and channel sampling to delineate and evaluate zones of intense quartz veining and alteration (silicification) and assess bonanza vein
Slide 11: Alaska: An underexplored premiere mining destination
Alaska: An underexplored premiere mining destination TIER 1 Geology: One of the world’s great mineral provinces: Over 40Moz Au mined to date More than 200Moz Au under development/feasibility study In the world’s most productive copper belt, >50Mt Cu in feasibility/permitting stage World’s
Slide 12: Alaska Range Projects
Alaska Range Projects Large land-holding (all State Mining Claims) covering ~261km2 Stellar Property 100% owned and includes Zackly Au-Cu skarn and numerous porphyry Cu-Au targets Zackly deposit is high grade (3.4Mt @ 1.2% Cu JORC) and open at depth and along km’s of strike Prospectivity for l
Slide 13: Stellar Property: High-grade Zackly Au-Cu deposit
Stellar Property: High-grade Zackly Au-Cu deposit Zackly is a skarn system containing high-grade gold, copper and silver from surface to tested depths of 400m and beyond Hosts two deposits: the Zackly Main Skarn and Zackly East Skarn The Zackly Main Skarn hosts a 3.4Mt averaging 2.0g/t Au + 1.
Slide 14: Stellar Property: Zackly Au-Cu deposit, growing >2km of strike-length
Stellar Property: Zackly Au-Cu deposit, growing >2km of strike-length Recently acquired ultra-high-resolution magnetic data indicates that the Zackly Au-Cu mineralisation is located along the strongest magnetic gradients 2020 drilling program focused on extending the Zackly East mineralisation f
Slide 15: Stellar Property: Development considerations for Zackly Au-Cu
Stellar Property: Development considerations for Zackly Au-Cu Zackly Main Skarn Zackly East Skarn 3.4Mt @ 2.0g/t Au + 1.2% Cu + 14g/t Ag Likely to add resource to overall system Sub-vertical mineralisation which averages ~5m thick Sub-vertical mineralisation which averages >15m thick Suite
Slide 16: Caribou Dome Property: Very high-grade surface copper
Caribou Dome Property: Very high-grade surface copper 2.8Mt at 3.1% copper (0.5% lower-cut) for 86,000t of contained Copper (JORC 2012) 60% in the top 150m including 935,000t @ 4.4% High grade, volcanic sediment-hosted Drill intersections over >800m strike-length Open in all directions M
Slide 17: Caribou Dome Property: high grade Cu from surface
Caribou Dome Property: high grade Cu from surface 17
Slide 18: Caribou Dome Property: strong IP and soil geochemical response
Caribou Dome Property: strong IP and soil geochemical response Known mineralisation shows a strong IP and soil geochemical response Strong IP anomalies often coincide with a strong copper in soils, many un-tested co-incident anomalies require drilling Transported cover masks the geochemistry o
Slide 19: Stellar Property Porphyry Potential
Stellar Property Large-tonnage, low- Alaska Range has Strong supporting Empirical evidence Discovery of Seeking a JV partner Porphyry grade porphyry deposits are the worlds most the right geological setting in the worlds most prolific Cu-Au-Mo-As geochemistry at Stellar property in from Zackly skarn
Slide 20: Stellar Property: Massive Porphyry Cu-Au Potential
Stellar Property: Massive Porphyry Cu-Au Potential Broad spaced (500m) soil sampling shows two highly significant copper anomalies, both >250ppm, up to 11km x 6km in size MARS (Porphyry, skarn) 2km x 1.5km soil anomaly with visible copper oxides at surface, up to 3,510ppm Cu and 1.1g/t Au in soi
Slide 21: Stellar Property: Mars porphyry Cu-Au discovery
Stellar Property: Mars porphyry Cu-Au discovery Porphyry Cu-Au mineralisation discovered in first drill hole 19MAR001: 102m @ 0.22% Cu + 0.1g/t Au Associated with porphyry B-Veins in potassic alteration (anhydrite and biotite), hole ended in mineralisation Causative felsic intrusion not yet dr
Slide 22: Strategy to grow the Alaska Range Project
Strategy to grow the Alaska Range Project 1. More drilling to deliver resource expansions at Zackly and Caribou Dome capable of supporting economically viable mining for a minimum of 8-10 years: A. Fund our own exploration to expand the JORC resource at Zackly Focus on the near-surface Zackly East
Slide 23: Timeline: What to expect from PXX in the next twelve months
Timeline: What to expect from PXX in the next twelve months Alaska Range Humboldt Range Expand tenure & Complete Due Jan-March Diligence and exercise option for Humboldt Range in Nevada Metallurgy on Zackly mineralisation to determine gold recovery options and co-processing opportunities with March-
Slide 24: Investment Highlights
Investment Highlights Tier I copper, gold and silver assets representing three of the most sought-after commodities Alaska and Nevada are in the top 5 mining exploration and investment precincts in the world with political and fiscal stability Both are attracting significant investment from le
Slide 25: Cautionary Statements
Cautionary Statements This presentation has been prepared by PolarX Limited (“PolarX”) to assist in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in PolarX or as an inducement to make