Zenith Minerals Limited · ASX:ZNC
Zenith Minerals — Australian Gold Conference 2022
22 slides from Zenith Minerals's conference presentation, Jun 14, 2022
Slide 1: Australian Gold Conference June 14th & 15th 2022
For personal use only AUSTRALIAN GOLD CONFERENCE JUNE 14TH & 15TH 2022
Slide 2: Zenith Overview
Zenith Overview For personal use only • Zenith Minerals Limited (ASX:ZNC) is an Australian based mining company with 100% of the asset base located in Western Australia and Queensland. • The Company has a strong track record of being an exploration project generator that continues seeking value gene
Slide 3: Corporate Overview
Corporate Overview Capital Structure | ASX:ZNC For personal use only Share Price1 Shares on Issue1 Market Capitalisation1 Cash2 Listed Equities3 - Listed in 2007 $0.37 343.9M $130M $9.3M $13M - Limiting Shareholder Dilution - Tightly Held ZNC fully paid ordinary - Experienced Board & Management Shar
Slide 4: Demerging the Asset Base
$6M placement** in ZNC 20M shares @ $0.30 (20% premium to 10 DVWAP) Demerging the Asset Base For personal use only Lithium Assets Non - Lithium Assets Earaheedy 25% free carry to BFS Joint Venture1 Develin Creek – Cu-Zn Split Rocks – Lithium Split Rocks – Gold Waratah Well – Lithium Red Mountain – G
Slide 5: Existing Gold Projects
Existing Gold Projects RED MOUNTAIN GOLD PROJECT (100% OWNED) High-grade near surface gold & For personal use only silver in Zenith’s maiden drill campaign 2 - drilling continuing (13m @ 8.0 g/t Au incl 6m @ 16.7 g/t Au) ASX release 3 Aug 20 & 13 Oct 2022 COWARRA GOLD PROJECT (INITIALLY EARNING 22.5
Slide 6: Split Rocks
Split Rocks For personal use only • Split Rocks is located halfway between Perth and Kalgoorlie, directly south of Southern Cross. • This is a recognised gold district with a gold endowment of 10Moz Au. • Gold targets sit within a 650 sqkm of 100% owned tenements. • 18 targets defined over 18km stri
Slide 7: Red Mountain
Red Mountain For personal use only • Due west of Bundaberg, Red Mountain is ideally located in a known gold region between Cracow (Aeris Resources) and Mt Rawdon (Evolution). • As reported in December 2021, high gold recoveries (average 83.3% gold) in leach test-work conducted on drill core samples
Slide 8: Cowarra
Cowarra For personal use only OWNERSHIP LOCATION Initial 22.5% NSW COMMODITY STAGE Gold Additional drilling commencing this month • Investment into unlisted entity Oxley Resources • Similar age & atyle to major Gold Deposits in Lachlan Orogen • >5km long target zone • Shear hosted, gold-arsenic asso
Slide 9: Base Metals within Mackerel
Base Metals within Mackerel For personal use only EARAHEEDY ZINC (25% OWNED) DEVELIN CREEK COPPER-ZINC • Major discovery PROJECT (100% OWNED) • Drilling & metallurgy will be • District scale VMS play ongoing • 34m @ 3.5% Cu+Zn, incl • Well funded JV partner - RTR 10m @ 6.0% Cu+Zn, and $40m capital r
Slide 10: Earaheedy Project
Earaheedy Project For personal use only • On 26th May 2022, the JV partner (Rumble Resources 75%) announced further exceptional drilling results from Chinook – Tonka – Navajoh with mineralisation occurring over a strike of 19km which remains open along strike and to the west. • Within the high-grade
Slide 11: Develin Creek
Develin Creek For personal use only • On 8th June 2022, Zenith released some very positive results from the most recent drill programme. • The Develin Creek project contains a VMS copper- zinc deposit with an Inferred Mineral Resource of 2.57Mt @ 1.76% Cu, 2.01% Zn , 0.24g/t Au and 9.6g/t Ag for a C
Slide 12: Listed Investments ($13M)
Listed Investments ($13M)1 For personal use only 43.9M shares in 2.5M shares in Bradda Head Holdings Limited (AIM) American Rare Earths (ASX:ARR) 3.88M shares in 0.5M shares in Rumble Resources Limited (ASX:RTR) Nickel-X Limited (ASX:NKL) 1Equity Market Values at 31 Mar-22 12
Slide 13: ZNC Lithium Joint Venture
ZNC Lithium Joint Venture For personal use only *Key commercial terms : • Waratah Well, Split Rocks and the recent addition of an exploration tenement at Mt Ida (that forms part of the ALA). • EVM sole funds completion of feasibility study within 24 months, with Zenith retaining a 40% project Mt Ida
Slide 14: Split Rocks Lithium
Split Rocks Lithium For personal use only Landholdings of ~660km2 in the Forrestania greenstone belt – Western Australia District is host to the Covalent joint venture between SQM and Wesfarmers Mt Holland/Earl Grey lithium deposit (under construction): Measured, Indicated & Inferred Mineral Resourc
Slide 15: Split Rocks Lithium
Split Rocks Lithium For personal use only Current Zone of Focus - 20km of pegmatites. Drilling multiple large thick pegmatites: RIO pegmatite up to 65m thick • 20m @ 1.0% Li2O incl 10m @ 1.7% Li2O* • Permitting 50 RC/DD holes for follow-up ESTRELA pegmatite up to 29m thick BRITISH HILLS EAST pegmati
Slide 16: Waratah Well Lithium
Waratah Well Lithium For personal use only Tantalum & locally lithium bearing pegmatites over a 3km x 2km area Pegmatites 0.5m to 21m thick • Lithium rocks to 2.09% Li2O. • High-grade tantalum in rocks to 1221 ppm Ta2O5. First round 1km spaced drill holes intersected lithium mineralisation over 4km
Slide 17: About EV Metals
About EV Metals For personal use only • EVM is focused on becoming a global leader in battery chemicals and technology. • They are building the world’s first integrated Battery Chemicals Complex at Yanbu in Saudi Arabia. The complex will produce high purity chemicals and cathode active materials for
Slide 18: Australian Lithium Alliance
AUSTRALIAN LITHIUM ALLIANCE Redefining supply logistics For personal use only EVM launched the Australian Lithium Alliance in January 2022 to partner with Australian companies to accelerate exploration, development, mining, processing and production of Lithium Minerals. YANBU The alliance seeks to e
Slide 19: Board and Management
Board and Management For personal use only David Ledger Michael Clifford Stan Macdonald Julian Goldsworthy Emma Scotney Executive Chairman Chief Executive Officer Non-Executive Director Non-Executive Director Non-Executive Director David Ledger has spent over Mick Clifford is a geologist (BSc Stanle
Slide 20: Summary
Summary For personal use only Zenith Minerals represents an opportunity to invest into a diversified, Australian based exploration and development company prior to the proposed de-merger into two separate businesses. • The existing Zenith Minerals Limited will continue to focus on Lithium opportunit
Slide 21: Contact Us
For personal use only Contact Us Level 2 / 33 Ord Street PO Box 1426 West Perth WA 6005 West Perth WA 6872 + 61 8 9226 1110 info@zenithminerals.com.au www.zenithminerals.com.au Zenith Minerals Limited ABN : 91 119 397 938 2 1
Slide 22: Disclaimer & JORC Statements
Disclaimer & JORC Statements For personal use only 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- looki