Aeon Metals — Shareholder Meeting (November 2018)
20 slides from Aeon Metals's shareholder meeting presentation, Nov 12, 2018
Slide 1: Walford Creek: Australia's Largest Copper-Cobalt Development Project
WALFORD CREEK: AUSTRALIA’S LARGEST COPPER-COBALT DEVELOPMENT PROJECT Annual General Meeting – 12 November 2018
Slide 2: Important Information / Competent Persons Statement
IMPORTANT INFORMATION This document has been prepared by Aeon Metals Limited (Aeon) for the purpose of providing a comprehensive company and technical overview to interested analysts and investors. This document is not a prospectus and should not be considered an offer or an invitation to acquire sh
Slide 3: Capital Structure & Share Price
CAPITAL STRUCTURE & SHARE PRICE A$0.285 SHARE PRICE 1 587M SHARES Placement: 107m shares @ 28c = $30m ($15.5m debt reduction) OUTSTANDING Warrants Exercised: 73m @ SPP: 3.85m shares @ 28c 9.35c = $6.83m (debt Reduction) = $1.08m (debt reduction) 85M 2 VENDOR WARRANTS A$14.6M EGM: Loan extension, 85m
Slide 4: AEON METALS | ASX:AML
AEON METALS | ASX:AML } 4 |
Slide 5: Aeon Metals Mount Isa Office
Aeon Metals Mount Isa Office AEON METALS | ASX:AML 5
Slide 6: A World-Class Copper-Cobalt Project
A WORLD-CLASS COPPER-COBALT PROJECT 100% AML owned Walford Creek Project – Copper/Cobalt Leverage The highest grade significant cobalt deposit in Australia. Material upside along +20km strike HISTORICAL DRILLING +50,000m ▪ 1989-1996: WMC 93 holes (DD/RC) = 16,100m ▪ 2004-2006: Copper Strike 30 holes
Slide 7: Geological Code Unlocked
GEOLOGICAL CODE UNLOCKED Mineralisation is both structurally and lithologically controlled – Fish River Fault (FRF) and Pyrite Units (PY1 and PY3). PYI from ~25m. PY3 from ~140m PY1 Sedimentary exhalative (SEDEX) deposit - Massive sulphides Pyrite lenses containing Pb-Zn-Ag. Secondary event: Cu-Co h
Slide 8: 100% Owned Tenement with +20km Strike
100% OWNED TENEMENT WITH +20KM STRIKE AEON METALS | ASX:AML 8
Slide 9: Current Resources (Jan 2018)
CURRENT RESOURCES (Jan 2018) Second Round 2017 Drill Holes1 Examples of historical holes2 Copper Lode + Cobalt Peripheral Resource – Long Section Copper Lode Resource blocks Cobalt Peripheral Resource blocks ~3.6km Marley Zone Vardy Zone Copper Lode Resource: Cobalt Peripheral Resource: Category Mt
Slide 10: Walford Creek Cu-Co (Zn-Pb-Ag) Deposit
Walford Creek Cu-Co (Zn-Pb-Ag) Deposit Basin Wide Mineral System with ‘World Class’ Potential AZON METALS 2018 AEON METALS | ASX:AML
Slide 11: 2018 Drill Program Complete
2018 DRILL PROGRAM COMPLETE 2018 Drilling - Significant Intercepts 2018 Drill Program commenced in April and completed on 31 October. Hole No. Intersect Cu Co Ag From Location m % % g/t m It has been a huge success confirming: WFDD272 WFRC274 14 13 1.33 1.03 0.19 0.08 35 30 186 168 Marley Vardy » Ge
Slide 12: 2018 Infill Drill Program Complete
2018 INFILL DRILL PROGRAM COMPLETE AEON METALS | ASX:AML 12
Slide 13: 2018 Infill Drill Program Complete
2018 INFILL DRILL PROGRAM COMPLETE AEON METALS | ASX:AML 13
Slide 14: Along Strike Exploration Success
ALONG STRIKE EXPLORATION SUCCESS AEON METALS | ASX:AML 14
Slide 15: Metallurgical Testwork in Progress
METALLURGICAL TESTWORK IN PROGRESS Refining metallurgical process parameters set out in the 18 April 2017 Cobalt Roasting Scoping Study: • Concentrator – Cu, Pb, Zn conc • Roaster – Co & Ag product, Sulphuric Acid Metallurgical teswork program designed by engineering consultant Wood plc 1.6t materia
Slide 16: Indicative Targets
INDICATIVE TARGETS 1 Infill and expansion (along strike) drilling – COMPLETED 31 OCTOBER 2018 Resource Upgrade – Q1 2019 Metallurgical Flowsheet – Q1/Q2 2019 Feasibility Study – Q2/Q3 2019 Resource/Reserve/Exploration Drill Campaign – Q2->Q4 2019 Mining Lease + Environmental Authority – First Half 2
Slide 17: Investment Summary
INVESTMENT SUMMARY Advanced copper and cobalt project: • Leading Australian copper development. • The highest grade significant cobalt deposit in Australia Leveraged to strong growth in cobalt and copper prices Clear and consistent exploration model 36,032m drill program completed • Results to conti
Slide 18: Appendices
APPENDICES AEON METALS | ASX:AML 18
Slide 19: Appendix 1: Geological Model Description
APPENDIX 1: GEOLOGICAL MODEL DESCRIPTION A. Shallow holes from 50m to 80m intercept both possible supergene mineralisation together with strong copper and cobalt mineralisation associated with the PY1 in close proximity to the FRF. B. Drilled behind the shallow holes. These holes from 70m to 110m ca
Slide 20: Appendix 2: Historical Significant Intercepts
APPENDIX 2: HISTORICAL SIGNIFICANT INTERCEPTS 2010-2012 Drilling - 10 Sig Holes 2016 Drilling - 15 Sig Holes 2017 Drilling - 15 Sig Holes Hole No.Intersect Cu Co Ag From Location Hole No. Intersect Cu Co Ag From Location Hole No. Intersect Cu Co Ag From Location m % % g/t m m % % g/t m m % % g/t m W