Core Lithium Ltd · ASX:CXO
Core Lithium — Core Exploration — Shareholder Meeting (October 2015)
27 slides from Core Lithium's shareholder meeting presentation, Oct 29, 2015
Slide 1: Copper, Zinc and Uranium Projects in NT and SA
For personal use only Copper, Zinc and Uranium Projects in NT and SA ASX CODE: CXO
Slide 2: Disclaimer
DISCLAIMER For personal use only The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as Managing Director of Core Exploration Ltd who is a member of the Australasian Institute of Mining and
Slide 3: Copper, Zinc and Uranium in NT and SA
Copper, Zinc and Uranium In NT and SA For personal use only 9 metre mineralised breccia and 30m zone of breccia and veining intersected by drilling Yerelina Zinc Project, SA..….Awaiting Assays Drilling program recently completed on copper drill targets close to KGL & RXL Jervois Domain, NT………….Await
Slide 4: Yerelina Zinc, SA: 9.7m mineralised breccia at Great Gladstone
YERELINA ZINC, SA For personal use only • Core’s recent diamond drilling has intersected a 9.7 metre mineralised breccia zone at Great Gladstone Prospect • Base metal sulphides are observed as zinc (sphalerite) dominant along with lead and significant silver expected • Drilled mineralised breccia al
Slide 5: Yerelina Zinc: Hole YRDH003 intersection
YERELINA ZINC, SA For personal use only • 9.7m section of mineralised breccias and veining was intersected by diamond drill hole YRDH003 from 144m depth • Drilling has been completed with assays expected in 3-4 weeks • Core awarded SA Government for 50% co-funding towards the Diamond drill core of 9
Slide 6: Yerelina Zinc: base metal mineralisation in breccias
YERELINA ZINC, SA For personal use only • Base metal mineralisation as breccias with slate clasts in siderite-carbonate-quartz matrix with polyphase banded breccia/veins of sphalerite and silica and YRDH003 150.2m - Mineralised Breccia (slate, siderite-calcite-quartz-sphalerite-galena) ribbons of ga
Slide 7: Yerelina Zinc: Great Gladstone fault zone samples
YERELINA ZINC, SA • 38 samples taken on 1 km section of Great Gladstone fault zone For personal use only • 34 returned combined zinc and lead values excess of 1% and 1g/t silver with the best assays at 14.7% zinc, 11.7% lead and 567 g/t silver 7
Slide 8: Yerelina Zinc: Great Gladstone Prospect
YERELINA ZINC, SA Great Gladstone Prospect For personal use only • Mineralisation intersected at approx. 120m vertical depth • Alteration and brecciation extends on the scale of metres from mineralised zone within a broader 10m halo • Potential for other "shoots" and vein systems as evidenced by the
Slide 9: Yerelina Zinc: Big Hill Prospect
YERELINA ZINC, SA Big Hill Prospect For personal use only • Drilling hits 30m wide zone of intermittent breccias and veining at Big Hill Prospect • Box works, voids and iron oxides (after zinc, lead and iron sulphides) in zone of breccias and veining similar to that at Great Gladstone • Breccia zone
Slide 10: Yerelina Zinc: large tenement and historical workings
YERELINA ZINC, SA For personal use only • Magnetic surveys and remote sensing imagery shows clear evidence of numerous historical workings and outcropping mineralisation over hundreds to thousands of metres in repetitious gossanous vein sets over a very broad 8km wide and 3 km long area • Large 100%
Slide 11: Jervois Domain & Albarta Project, NT
JERVOIS DOMAIN & ALBARTA PROJECT, NT For personal use only STRONG COPPER AND BASEMETAL PROSPECTIVITY IN THE EAST ARUNTA Multiple occurrences of copper, base metals and uranium on Core’s tenure 11
Slide 12: Core's Jervois Domain, NT
CORE’S JERVOIS DOMAIN, NT For personal use only KGL’s 13m @ 5.75% Cu RXL’s 38m @ 4.4% Cu Substantial intersections of massive copper sulphides in the east Arunta 12
Slide 13: Jervois Domain Project: Big-J zone drilling
JERVOIS DOMAIN PROJECT For personal use only • Drilling recently completed on Core’s Big-J zone • Assays in next 3-4 weeks • Big- J interpreted as folded extension to KGL’s J-fold “line of lode” • Geophysical modelling has defined a significant number of strong drill targets within a 15km strike len
Slide 14: Jervois Domain Project: geophysical targets
JERVOIS DOMAIN PROJECT • Multiple magnetic, conductive and For personal use only chargeable features at large prospect scale within the Big-J target zone • Targets have similar geophysics to the adjacent Jervois and Sedex/VHMS style mineralisation • 10km long stratiform chargeable zone found at base
Slide 15: Jervois Domain & Albarta Project, NT
JERVOIS DOMAIN & ALBARTA PROJECT, NT For personal use only STRONG COPPER AND BASEMETAL PROSPECTIVITY IN THE EAST ARUNTA Multiple occurrences of copper, base metals and uranium on Core’s tenure 15
Slide 16: Blueys Project Silver Lead Zinc, NT
BLUEYS PROJECT SILVER LEAD ZINC NT For personal use only • Core’s drilling in 2014 discovered a new silver lead zinc sulphide system on the Albarta project • Up to 1,000g/t silver and 17% zinc and lead intersected in drilling • Very high grades of silver at surface up to 4.5kg/t (4,500 g/t) • 500m l
Slide 17: Blueys Project: MOU for joint venture
BLUEYS PROJECT SILVER LEAD ZINC NT For personal use only • MOU recently signed with offshore organisation on Core’s Blueys EL 28136 in the Northern Territory • The non-binding MOU aims to establish a Joint Venture (JV) by which the incoming party can earn up to an 80% interest in EL 28136 by sole fu
Slide 18: SA and NT Uranium Projects
SA AND NT URANIUM PROJECTS For personal use only 18
Slide 19: Core's Uranium Projects in South Australia
CORE’S URANIUM PROJECTS IN SOUTH AUSTRALIA For personal use only • Core has made an outstanding discovery of high grade uranium on the 100% owned Fitton Project in South Australia • Core’s Fitton drilling in 2012 & 2013 intercepted exceptionally thick and high grade uranium • Significant “new” disco
Slide 20: Fitton Uranium Discovery in World-Class Uranium Mining Province
FITTON URANIUM DISCOVERY IN WORLD-CLASS URANIUM MINING PROVINCE For personal use only Core’s uranium discovery at Fitton only 25km from three operating uranium mines • Proven world-class uranium mining district: – Beverley Mine – Beverly North Mine – Four Mile Mine • Also host to new uranium deposit
Slide 21: Fitton: One of the Best Uranium Discoveries Since Four Mile
FITTON ONE OF THE BEST URANIUM DISCOVERIES IN THE REGION SINCE FOUR MILE For personal use only Core’s exploration work and drilling to date at Fitton has now confirmed that : • uranium mineralisation outcrops (up to 0.30% U3O8 at surface) • uranium mineralisation has high grade at depth (up to 4m @
Slide 22: Scott Lee Prospect, Fitton Project
SCOTT LEE PROSPECT FITTON PROJECT For personal use only • Host structure associated with mineralisation consistently intersected over 1km • Structure open to both east and west and at depth • Many additional structures close to major unconformity in the region to test 22
Slide 23: Scott Lee Drill Results
SCOTT LEE DRILL RESULTS THICK AND HIGH-GRADE URANIUM INTERSECTIONS For personal use only Hole SLRC017 21m @ 384ppm (0.04%) U3O8 from 40m Inc. 6m @ 978ppm (0.10%) U3O8 from 54m Hole SLRC022 19m @ 487ppm (0.05%) U3O8 from 79m Inc. 6m @ 1,112ppm (0.11%) U3O8 from 89m Hole SLRC028 60m @ 482ppm (0.05%) U
Slide 24: Thick and High-Grade Uranium: Cross Sections of Drilling
THICK AND HIGH-GRADE URANIUM CROSS SECTIONS OF DRILLING For personal use only 24
Slide 25: Catalysts for Price Growth
CATALYSTS FOR PRICE GROWTH • Yerelina Zinc, SA For personal use only – 9 metre mineralised (Zn/Pb/Ag) breccia and 30 metre intermittent breccia intersected in diamond drilling – Assays in next 3-4 weeks • Jervois Domain, NT – First RAB/RC drill program completed last week – Core’s surveys and modell
Slide 26: Company Information
COMPANY INFORMATION For personal use only Shares Board Price A$ ~$0.025 Stephen Biggins - Managing Director Shares on issue 175M (ex SAU, ex IVR) Options (5-10c) 30M Greg English – Non Exec Chairman Market cap (undil.) ~$4.5M (AXE, LCK) Cash (31/09/15) ~$0.65M Heath Hellewell – Non Exec Director Top
Slide 27: For personal use only
26 Gray Ct, Adelaide SA 5000 Telephone: 08 7324 2987 Facsimile: 08 8312 2002 For personal use only www.coreexploration.com.au Recent announcements The information in this report that relates to Exploration Results 21/10/2015 Second zone of breccia and veining intersected at Yerelina and Mineral Reso
Core Exploration — Shareholder Meeting (October 2015) on 6ix