Slide 1: Accelerating the Development of the Abenab Vanadium Project in Namibia
For personal use only Accelerating the Development of the Abenab Vanadium Project in Namibia 26 August 2019 1
Slide 2: Overview – Abenab Project
Overview – Abenab Project • The Abenab Project covers 40km of the prospective Abenab mineralised trend in Namibia and is For personal use only host to: - Abenab Mine - Abenab West Mine - Nosib Mine - Okarundu Pipe Vanadium Mine - Nine additional vanadium occurrences have been identified • Inferred M
Slide 3: Abenab Project Location
Abenab Project Location • Located in the mineral-rich Otavi Mountain For personal use only Land in northern Namibia • GED controls key mines and prospects along a 40km long lithological and structural trend • Four granted EPLs and three pending EPL applications • 562km² of highly prospective ground
Slide 4: Development Pathway
Development Pathway Abenab Project Development Pathway - Initial operations to process existing surface minerals followed by the development of below For personal use only ground mineral resources - Further resource definition drilling to develop the below ground mineral resources - Detailed enginee
Slide 5: The GED Difference
The GED Difference The Abenab Project presents a fundamental difference from (all) other vanadium projects as its ore is simple to beneficiate and concentrates to a very high level For personal use only Comparison Abenab Ore Typical Vanadium Source Ore Type Descloizite Titano-magnetite Concentrate 1
Slide 6: Abenab Mine Exploration
For personal use only Abenab Mine Exploration Target C • In-mine drill targets: - Margins of current mineral resource (Target A) - Area between current resource and pit shell (Target B) - Breccia zones on pit margin along the faulted T2/T3 contact Vanadium mineralisation in brecciated carbonate in (
Slide 7: Phase Drilling Program
Phase 1 Drilling Program • Completed Abenab Phase 1 Resource Definition and Development Drilling Program: For personal use only - Phase 1 Resource Definition Drilling Program - Mine Development Evaluation Drilling Program - Surface Mineralised Ore and Tails Drilling Program • Broad zones of high-gra
Slide 8: Resource Definition Drilling
For personal use only Resource Definition Drilling • Phase 1: 5 diamond holes for 1,781m • Results in from 2 holes with further 3 holes to be reported • Hole ABD015* - 64.18m at 0.90% V2O5, 2.01% Pb, 0.65% Zn from 207m in ABD015 - Includes 19m at 1.25% V2O5, 2.73% Pb, 0.878% Zn from 230m • Hole ABRC
Slide 9: Mine Development Drilling
For personal use only Mine Development Drilling Mine Development Evaluation RC Drilling Program - Targeted shallow vanadium mineralisation adjacent to the historic Abenab open pit - Part of a broader study evaluating mining options ie open-pit or underground mining method - Detailed geological mappi
Slide 10: Surface Mineralisation Drilling
For personal use only Surface Mineralisation Drilling • RC drilling tested mineralised material and tails over a broad area around the pit within the top 1-2m - Considered to be vanadium pentoxide bearing material from earlier mining operations that includes old stockpiles and tails • The surface mi
Slide 11: Abenab West Exploration
For personal use only Abenab West Exploration • Abenab West (Christiana Mine) is located along strike, approximately 300m west of Abenab Mine - Historic production 90,000 tonnes of concentrates grading 72% Pb, 13% V2O5 from 540,000t of ore - Underground mapping and channel sampling reveals remnant v
Slide 12: Nosib Mine
For personal use only Nosib Mine Refer to ASX announcement dated 3 April 2019 and titled “Abenab Vanadium Exploration Update”. The Company is not aware of any new information or data that materially effects the information included in this announcement. 12
Slide 13: Okarundu Pipe
For personal use only Okarundu Pipe • Okarundu Pipe prospect is located 2.5km west of Abenab - Abenab-style breccia pipe previously mined from an open pit and underground - Lithological and structural setting similar to Abenab 13
Slide 14: Regional Exploration
For personal use only Regional Exploration 14
Slide 15: Corporate
Corporate Board of Directors Share Price: $0.025 For personal use only Chairman Market Cap: $5.3 m Michael Minosora Shares on Issue: 213.3m Directors Options on Issue: 46.5m Michael Rodriguez - 38.0m @ $0.015 31 Aug 2019 Michael Norburn - 4.25m @ $0.15 1 Sep 2020 Michael Scivolo - 4.25m @$0.20 1 Sep
Slide 16: Why Invest
Why Invest • Namibia is a safe jurisdiction to develop metals and minerals projects with a long history For personal use only of successful mining operations • Existing surface minerals at the Abenab Project from previous operations underpin the basis for initial operations, with the opportunity to
Slide 17: Disclaimer / CPS
For personal use only Disclaimer / CPS 17
Slide 18: Contact
Contact Thank You. For personal use only For further information please contact: Michael Minosora Chairman +61 (0) 413 056 909 Investor Relations Victoria Humphries victoria@nwrcommunications.com.au +61 (0) 431 151 676 18