Polarx Ltd · ASX:PXX
Polarx — 121 Mining Investment Conference (New York) and Resources Rising Stars Conference (Gold Co (June 2019)
23 slides from Polarx's conference presentation, Jun 5, 2019
Slide 1: Investor Presentation ASX release
For Immediate Release 5 June 2019 Australian Securities Exchange: PXX For personal use only INVESTOR PRESENTATION PolarX Limited (ASX:PXX) attaches a copy of its investor presentation for the 121 Mining Investment Conference (New York) and the Resources Rising Stars Conference (Gold Coast) held on 4
Slide 2: High grade Cu-Au in the Alaska Range Project
For personal use only ASX: PXX www.polarx.com.au High grade Cu‐Au in the Alaska Range Project Investor update, 4 June 2019 1
Slide 3: High-Grade Cu-Au-Ag deposits with a clear and rapid growth strategy
High‐Grade Cu‐Au‐Ag deposits with a clear and rapid growth strategy For personal use only Advanced project in Alaska with district‐scale copper anomalies and high‐grade JORC resources in an under‐explored, world‐class porphyry province Two goals: 1. Expand the high grade Zackly Cu‐Au‐Ag resource
Slide 4: Strategic Partnership with Lundin Mining Corporation
Strategic Partnership with Lundin Mining Corporation For personal use only Strategic earn‐in joint venture over PolarX’s 100% owned Stellar Claims. The Zackly Cu‐Au skarn claims are excluded and remain 100% PolarX. Lundin Mining will subscribe for 53.4M ordinary shares in PolarX at A$0.08 per
Slide 5: Staged Exploration and Option for Earn-In to form a joint venture
Staged Exploration and Option for Earn‐In to form a joint venture For personal use only Lundin Mining can exercise the option to enter into a 3‐year Earn‐in Period for a joint Equity In‐ground Cash Total Equiv. venture at any time prior to the Option Exercise Date, with the following terms: Year I
Slide 6: Alaska is low risk: Under-explored TIER 1 jurisdiction
Alaska is low risk: Under‐explored TIER 1 geology in a TIER 1 jurisdiction For personal use only TIER 1 geology with 6 current mines, all world class Global Top 10 investment destination (2019 Fraser Institute Rankings) Several world class deposits in permitting + feasibility study phase Ove
Slide 7: Superb geology in an under-explored world class province
Superb geology in an under‐explored world class province For personal use only GOAL 1: Potential for rapid resource expansion at Zackly MARS Low exploration risk due to magnetic nature of mineralization which can be directly imaged Recent near‐surface, high‐grade, flat lying intersections open
Slide 8: Alaska Range at the intersection of two major crustal-scale faults
Alaska Range at the intersection of two major crustal‐scale faults For personal use only Straddles the major structure between the Tintina Gold Belt and the main Porphyry Cu‐Au Belt in Alaska‐Yukon‐British Columbia Intersected by a major NW crustal‐scale fault which contains known porphyry syste
Slide 9: 12km long mineralised corridor provides near term growth and upside
12km long mineralised corridor provides near term growth and upside For personal use only Zackly skarn likely to rapidly increase in size with further drilling around near‐surface, flat lying mineralization in drill holes ZX‐18020/24 Mars porphyry target has anomalous Cu‐Au‐Mo‐As 55m @ 2.8g/t Au
Slide 10: Zackly – drilling adds high grades 850m east of current resource boundary
Zackly – drilling adds high grades 850m east of current resource boundary For personal use only Cut‐off grade Category Million Tonnes Cu % Au g/t Ag g/t Contained Cu (t) Contained Cu (Mlb) Contained Au (oz) Contained Ag (Moz) 0.5% Cu Inferred 3.4 1.2 2.0 14.0 41,200 90.9 213,000 1.5 2017 drilling
Slide 11: Zackly – existing resource is high grade Cu-Au-Ag, open at depth
Zackly – existing resource is high grade Cu‐Au‐Ag, open at depth For personal use only Sub‐vertical, suitable for underground mining methods Copper mineralization dominated by high‐tenor bornite and chalcocite which may yield a high grade concentrate Coarse‐grained, free‐milling gold present
Slide 12: Zackly – rapid growth potential to the east
Zackly – rapid growth potential to the east For personal use only Change in orientation across fold hinge, visible in the magnetic data Thick, shallow, gently dipping mineralization – open pit potential Clear potential to rapidly expand resource through further drilling Overturned fold, thicke
Slide 13: Saturn porphyry Cu-Au target
Saturn porphyry Cu‐Au target For personal use only New (blind) target generated from re‐processing regional magnetic data Recent high‐resolution aeromagnetic data validates target, particularly the recently published 3D inversion modelling Multiple lines of evidence to support porphyry target:
Slide 14: Saturn porphyry Cu-Au target likely to be the source of Zackly fluids
Saturn porphyry Cu‐Au target likely to be the source of Zackly fluids For personal use only Slide 13
Slide 15: Saturn magnetic body comparable in scale and geometry to Grasberg
Saturn magnetic body comparable in scale and geometry to Grasberg For personal use only GRASBERG (Irian Jaya) SATURN (Alaska) Vertical Extent: >2,200m Vertical Extent: >3,000m Surface Area: 2,400m x 1,500m Surface Area: 2,000m x 1,000m Intrusive Complex: 950m dia Intrusive Complex: TBD Upward flarin
Slide 16: IP survey at Saturn to commence, then drilling
20 line‐km IP survey at Saturn to commence in May, then drilling For personal use only 30 new claims staked at Saturn Slide 15
Slide 17: Mars: strong magnetic and surface geochemical anomalism
For personal use only Mars: strong magnetic and surface geochemical anomalism (Cu‐Au‐As‐Mo) Magnetic data (Analytical signal) Copper in soil anomalism Slide 16
Slide 18: Mars: co-incident magnetic, IP and Cu-Au-As-Mo anomalism, drill ready
For personal use only Mars: co‐incident magnetic, IP and Cu‐Au‐As‐Mo anomalism, drill ready Slide 17
Slide 19: Ongoing work programs and news flow
Ongoing work programs and news flow For personal use only January Assay results for remaining drill holes at Zackly March Interpretation + 3D modelling of detailed magnetic data April Preliminary metallurgical test‐work for Zackly skarn Finalise 2019 geophysical and geochemical sampling programs Fin
Slide 20: Concluding Statements
Concluding Statements For personal use only Big holding of high quality, high‐grade copper‐gold‐silver assets in mining friendly Alaska, USA Advanced projects in a TIER 1 jurisdiction – early exploration risk has been removed Major drilling and exploration program delivered superb results in 2
Slide 21: Appendix 1: Experienced management team with track-record
Appendix 1: Experienced management team with track‐record For personal use only A Chartered Accountant with over 25 years’ direct experience in developing resource companies. A founding director of Gilt-Edged MARK BOJANJAC Mining Limited which discovered East Kundana, one of Australia’s highest grad
Slide 22: Appendix 2: Strong institutional support from major funds
Appendix 2: Strong institutional support from major funds For personal use only Shares (M) Options (M) TOTALS 372.7 23.45 SHAREHOLDERS: % Lundin Mining Corporation 14.3 TIGHTLY HELD Management/Directors/MRG Team 11.4 JP Morgan (UK) 8.3 Top 20 >70% Ruffer Gold Fund (UK) 7.4 Top 40 >77% U.S. Global 7.
Slide 23: Cautionary Statements
Cautionary Statements For personal use only 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