Cygnus Metals Limited · ASX:CY5
Cygnus Metals — Merger or Acquisition (July 2022)
16 slides from Cygnus Metals's merger presentation, Jul 29, 2022
Slide 1: A New Dawn: Acquisition of Pontax Lithium Project
A NEW DAWN A c q u i s i t i o n of Pontax L i t h i u m Project JULY 2O22
Slide 2: Cautionary Statements
Cautionary Statements This presentation contains summary information about Cygnus Gold Limited (“Cygnus” or “the Company”). The information in this presentation is of general background and does not purport to be complete. Forward-looking statements This presentation may contain certain forward look
Slide 3: Introduction: Pontax Lithium Project in One of Canada's Most Prolific Mining Districts
Introduction The Pontax Lithium Project is in One of Canada’s Most Prolific Mining Districts Tier One location in mining Surrounded by world class Significant high grade Poised for rapid friendly jurisdiction lithium projects shallow intercepts with growth with multiple limited follow up high priori
Slide 4: The Pontax Lithium Project – World Class Lithium District in Quebec, Canada
The Pontax Lithium Project – World Class Lithium District in Quebec, Canada Tier 1 Jurisdiction with Large, High Grade Lithium Projects ➢ Cygnus earning into Pontax Lithium Project within prolific lithium province ➢ Located in a district of major lithium projects including1 ➢ Abitibi Lithium Hub (11
Slide 5: Quebec, Canada
Quebec, Canada Tier 1 Mining Jurisdiction Quebec is emerging as a lithium powerhouse, holding the largest lithium reserves in Canada and nearly half of the country's lithium projects underway. Consistently ranked in the top quartile by the Fraser Institute for most attractive jurisdictions for minin
Slide 6: Corporate Summary
Corporate Summary Tight Capital Structure and Supportive Shareholder Base Which Includes Well Known Industry Names and Institutions CAPITAL STRUCTURE ASX Code CY5 Placement Cash Enterprise Price Position2 Value CY5 to own Shares on Issue prior to capital raise1 118.0M 7% of SRA $0.125 $6.0M $12.8M S
Slide 7: Corporate Summary: Track Record of Discovery and Value Creation
Corporate Summary Track Record of Discovery and Value Creation Ray Shorrocks Michael Naylor Michael Bohm Shaun Hardcastle Sue Field Duncan Grieve Steve Parsons Non-Executive Chairman Executive Director Non-Executive Director Non-Executive Director CFO and Company Exploration Manager Corporate Consul
Slide 8: Lithium Bearing Pegmatites at The Pontax Project
Lithium Bearing Pegmatites at The Pontax Project Lithium – Caesium – Tantalum (LCT) OPEN Pegmatites • The Project is host to a high-grade LCT spodumene bearing pegmatite swarms with significant Undercover intersections of Untested ➢ 9m @ 1.7% Li2O from 46.9m ➢ 15.6m @ 1.6% Li2O from 83.9m ➢ 4.8m @ 2
Slide 9: Geology and Mineralisation
Geology and Mineralisation Spodumene in Pegmatites from Central Pontax 9
Slide 10: High-Grade Drill Results from Central Pontax Pegmatite Swarm
High-Grade Drill Results from Central Pontax Pegmatite Swarm Pontax Central Drill Target • Over 620m of strike extent on Undercover Untested 9m @ 1.7% Li2O central outcrop area which remains North Pontax OPEN under shallow cover No Drill Testing 15.6m @ 1.6% Li2O • High-grade Lithium bearing 7.9m @
Slide 11: Exceptional Exploration Potential for Further Discovery
Exceptional Exploration Potential for Further Discovery Step Out and Blind Potential High Priority Exploration Targets • Very limited exploration with only the central outcrop area drill tested returning high-grade drill results such as 9m @ 1.7% Li2O from 46.9m and 15.6m @ 1.6% Li2O from 83.9m • Ce
Slide 12: News Flow
News Flow1 Strategy WINTER DRILL CAMPAIGN AND STEP OUTS Magnetic Survey and Mapping Winter drilling and results May 23 Nov 22 Aug 22 Aug 23 Feb 23 Mar 23 Sep 22 Dec 22 Oct 22 Jan 23 Jun 23 Apr 23 Jul 23 Jul 22 ACQUISITION Maiden Drill program Regional Mapping and Rock Chipping Pathway to Maiden Reso
Slide 13: Western Australian, Bencubbin Lithium Project
Western Australian, Bencubbin Lithium Project Underexplored Greenstone Belt Prospective for Lithium, Nickel, Copper, PGEs and Gold OPEN Peak value 15ppm Ta2O5 and 152ppm Nb2O5 • Multiple 2.2km long LCT pegmatite 2.2 Km Anomaly geochemical anomalies to be the main focus upcoming exploration with infi
Slide 14: Why Invest in Cygnus Gold
Why Invest in Cygnus Gold Key Takeaway Points Discovery Fully Funded Rapid Growth Team with Track Potential Record & TIER ONE LOCATION IN MINING CAPITAL RAISING EXPLORATION STRONG TEAM FRIENDLY JURISDICTION COMPLETE ➢ Diversified across two world ➢ Approximately $6.0m in cash ➢ Drilling commencing o
Slide 15: Appendices
Appendices > BYGNUS GOLD
Slide 16: Appendices – Pontax Lithium Project Acquisition Details
Appendices – Pontax Lithium Project Acquisition Details Earn-In Agreement – Low-Risk Exposure Cygnus to acquire up to 70% of the Pontax Lithium Project from Stria Lithium Corp. Cygnus to pay C$1,000,000 to Stria Lithium on signing binding term sheet. Cygnus to own 7% of Stria Lithium Stage 1 Earn-In