Zenith Minerals Limited · ASX:ZNC
Zenith Minerals — Corporate Update (September 2019)
13 slides from Zenith Minerals's corporate update, Sep 17, 2019
Slide 1: Gold Projects Update
Gold Projects Update 17 September 2019 Drilling high-grade gold targets in Western Australia
Slide 2: Summary
Summary • Outstanding gold & lithium portfolio in Australia & America • Significant current & upcoming exploration activity • Zenith drilling in progress for high-grade gold at Split Rocks - WA • Sampling results awaited from 2 x QLD gold projects, IP geophysical survey to commence shortly • Externa
Slide 3: Corporate Structure
Corporate Structure ZNC Share Price Capital Structure – ASX: ZNC Share Price (at 16th Sep 2019) $0.057 Source: CommSec.com.au Iron Ore Shares on Issue - ZNC fully paid ordinary 213m Boom Lithium Market Capitalisation $12.1m Boom Cash (30th Jun 2019) $1.1m 212.8M Major Shareholders shares HSBC Custod
Slide 4: Split Rocks: Gold
Ownership: 100% Split Rocks: Gold Location: WA Commodity: Gold & Lithium Stage: Prospects Drilling in progress Surrounded by major gold deposits 1 ZNC ASX Release 12th Sep 2019 DHLGO = Dulcie Heap Leach Gold Operation, Zenith has subsurface rights (gold below 6m)1 4
Slide 5: Split Rocks: Gold
Ownership: 100% Split Rocks: Gold Location: WA Commodity: Gold & Lithium Stage: Prospects Drilling in progress: ➢ 2000m (approx. 13 holes) RC ➢ Testing high-grade gold targets over 4km of strike ➢ Limited previous deeper (>75m depth) drill holes, results include1: Drilling beneath operating 3rd part
Slide 6: Split Rocks: Gold
Ownership: 100% Split Rocks: Gold Location: WA Commodity: Gold & Lithium Stage: Prospects Drilling in progress: ➢ 2000m (approx. 13 holes) RC ➢ Testing high-grade gold targets over 4km of strike ➢ Limited previous deeper (>75m depth) drill holes, results include1: ➢ 6.0m @ 16.91 g/t Au ➢ 2.0m @ 32.7
Slide 7: Split Rocks: Lithium
Ownership: 100% Split Rocks :Lithium Location: WA Commodity: Gold & Lihtium Stage: Prospects Dulcie pegmatite 80m Rock sample 0.39%Li20 Anomalous lithium in RC holes • Major strategic ground holding adjacent to WES / SQM’s Earl Grey Lithium Deposit. Recent WES takeover of KDR values 100% of project
Slide 8: Kavaklitepe: Gold
Ownership: ~25% Kavaklitepe: Gold Location: Turkey Commodity: Gold Stage: Prospects • Joint Venture with Turkish affiliate of Teck ~75% / 25%, ZNC can contribute at ~25% or option to dilute to a 5% NPI • ~30km south west of major new 3Moz gold discovery at Sogut (Koza) • Recent drill results include
Slide 9: American Lithium JV
American Lithium JV Zenith Bradda Head Ltd Location: Commodity: 45% initial 55% USA Lithium Stage: Resource Bradda Head Zenith • JV manager Bradda • US$5M free carry on BH JV • Spending US$5M on 6 Head • 6 American lithium projects lithium projects in JV with Zenith in JV with Bradda Head Spending Z
Slide 10: Project Generator – Value Add
Project Generator – Value Add ZNC Managed Australian Partners Spending $$$$ Project Generation Mineral Resources Projects on ZNC Projects Strong Project Generation Skills Increased Spending Feeding Project Pipeline Our Aim is Increasing Chance of Success Next = Discovery Sharing Risk USA Rare Earth
Slide 11: Newsflow & Catalysts
Newsflow & Catalysts Zenith Managing Split Rocks Gold & Lithium Project – WA (100% owned) • Drilling commenced (approx. 2000m RC) beneath operating heap leach gold mine to test high-grade gold & lithium targets • Previous results: 6.0m @ 16.91 g/t Au, 2.0m @ 32.73 g/t Au, 2.0m @ 16.53 g/t Au4 • Majo
Slide 12: Projects – July 2019
Projects – July 2019 TURKEY USA-MEXICO AUSTRALIA 12
Slide 13: Disclaimer & JORC Statements
Disclaimer & JORC Statements Forward looking statements Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. Forward-looking statements include e