Noronex Ltd. · ASX:NRX
Noronex — Shareholder Meeting (November 2021)
16 slides from Noronex's shareholder meeting presentation, Nov 26, 2021
Slide 1: AGM Presentation
For personal use only AGM Presentation Noronex Limited 26 November 2021
Slide 2: Competent Person's Statement
Competent Person’s Statement For personal use only The information in this report that relates to Exploration Results at the DorWit Copper Project is based on information compiled by Mr Bruce Hooper who is a Registered Professional Geoscientist (RPGeo) of The Australian Institute of Geoscientists. M
Slide 3: Noronex Corporate Structure
ASX Code NRX Board/ Management Shares on Issue 189.5m David Prentice – Chairman Unlisted Options (1) For personal use only 24m Share Price $0.12 Robert Klug – Non- Executive Director Market Capitalisation (A$m) $22.7m Piers Lewis – Non- Executive Director Cash (A$m) (2) $6.7m James Thompson – Execut
Slide 4: Board and Management
Board and Management • Experienced board and management includes former senior Sandfire executives with strong copper background For personal use only • Expertise covers all phases of resource development lifecycle from exploration, M&A, financing through to production • In country teams with proven
Slide 5: 2021 in Review and 2022 Growth Pathway
Copper Production Targeting Resource of 300,000 tonnes of 2021 in Review and contained copper for development and copper production 2022 Growth Pathway 2022 FORWARD PLAN: Complete drilling at For personal use only Witvlei (Dec 21), complete IP (Dec 21) and commence drilling at Snowball (early 2022),
Slide 6: Introduction: Exploring the Kalahari Copper Belt in Namibia
Introduction Exploring the Kalahari Copper Belt in Namibia For personal use only Witvlei: • Set up presence in Namibia, built a high quality team and exploring aggressively • Drilling a ~60 hole program on five new prospective targets • Over 8,000m completed so far, initial results confirmed Copper
Slide 7: Kalahari Copper Belt – Witvlei
Kalahari Copper Belt – Witvlei Copper Soil Geochemistry For personal use only • Inferred and Indicated resources defined in four deposits : 10Mt @1.3% Cu 1 • Discovered unreported historical multi-element soil geochemical survey from 2009 • Large undrilled geochemistry targets • Field checked with s
Slide 8: Witvlei – Okasewa Drilling
Witvlei – Okasewa Drilling Drilling Continuing with Two Rigs For personal use only • Testing mineralized corridor • Soil anomalies previously untested • Total program of 60 Holes for 12,000m • RC holes drilled at 100m centres to 200m depth • Completed 8,000m on three prospects Drill rigs at Okasewa
Slide 9: Project Targeting: Basin Modelling
Project Targeting Basin Modelling For personal use only • Brines carry the base metals out of basin deeps • Oxidized fluids precipitate Copper at the reductants (EM Conductors) • Condensed sequence with reductants on structural traps on Anomalous Metal Enrichment of Basin Brines in the Zambian Coppe
Slide 10: Snowball Acquisition
Snowball Acquisition Complex Magnetics For personal use only • Snowball Project covers key tectonic setting • The complex magnetics is due to compressional deformation of the basin margins with condensed sequence over a former basement high Target 1 • Tectonic setting typical of hosting large scale
Slide 11: Snowball Joint Venture
Snowball Joint Venture Dipole-Dipole IP underway For personal use only • Due Diligence completed, access gained • Work Commenced at Hennep, Target 2 • Chargeability anomalies defined near NPF-D’Kar Contact • Cover modelled at ~75m depth • Dipole Dipole IP moving on to Target 1 shortly • Drilling pla
Slide 12: Growing Kalahari Copper Belt Presence
Growing Kalahari Copper Belt Presence New applications add to existing EPLs For personal use only • ~6,100 km2 of highly prospective ground covering >200kms strike in key part of belt • Applications of 3,500 km2 recently lodged over Snowball Tail, Humpback, Damara Duplex • Underexplored historically
Slide 13: Ontario Copper – Project Summary
Ontario copper – project summary The opportunity – growing a copper inventory in a Tier 1 mining jurisdiction For personal use only • One of the largest land holders targeting Cu-Au-Ag VMS deposits in Ontario, Canada • Prospective for Cu-Au-Ag VMS deposits and significant gold and PGE mineralization
Slide 14: Summary
Summary Well funded to tackle exciting phase of exploration For personal use only Geological: • Complete 12,000m drilling at Witvlei at five prospects • Define drill anomalies at Snowball, drill early in 2022 • Target large new discovery in mineralised province • Canadian project Corporate: • Strong
Slide 15: DorWit Consolidated Mineral Resources
Table 1: DorWit Consolidated Mineral Resources at a cut-off grade of 0.5% Cu as at 01 March 2021 DorWit Resources 1 Oxidation Classification Tonnes Cu Ag Cu content Deposit State Category (Millions) (%) (ppm) (kilo tonnes) Indicated 0.11 1.30 7 1.4 Oxide Inferred 0.04 1.19 7 0.4 Total 0.15 1.27 7 1.
Slide 16: Onaman Resources
Onaman Resources 2 For personal use only Competent Person Statement In June 2020, a JORC (2012) compliant resource (reported by G. Kirkham) was completed at the Lynx deposit representing approximately 600 metres of a 12km trend of mineralisation on the The information in this report that relates to