Zenith Minerals Limited · ASX:ZNC
Zenith Minerals — Investor Presentation (June 2018)
16 slides from Zenith Minerals's investor presentation, Jun 21, 2018
Slide 1: Burro Creek Lithium Project Update
Burro Creek Lithium Project Update Drill Results Provide Foundation for Maiden Mineral Resource June 2018 Drilling at Burro Creek – May 2018
Slide 2: Disclaimer
Disclaimer 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-looking statements include estimates of future
Slide 3: Key Projects - 2018
Key Projects - 2018 TURKEY USA/MEXICO AUSTRALIA Burro Creek – focus of this presentation Gold Lithium Kavaklitepe JV (Turkey) ZNC 30%. New discovery: USA / Mexico JV (90%) – Five 16m @ 4.7g/t Au and 9m @ lithium projects (brines, 5.2g/t Au* pegmatite & clay) fully funded by Bradda Head/Jim Mellon Co
Slide 4: USA – Mexican Lithium JV
USA – Mexican Lithium JV • Burro Creek is 1 of 5 projects included in deal with UK billionaire Jim Mellon’s Bradda Head Ltd* • Zenith carried for US$5 million (A$6.6 million) expenditure over 3 years by Bradda Head to earn 55% project interest, one off right for Zenith to contribute at 45%, or be fr
Slide 5: Burro Creek Summary
Burro Creek Summary Zenith 45% Bradda Head Ltd (Jim Mellon) initial 55% Location: USA Commodity: Lithium Stage: Drilled Large scale lithium clay target under exclusive option in Arizona, USA Drilling confirmed widespread, shallow thick zones of lithium bearing clay. Thacker Pass – 385Mt @ 2917ppm Li
Slide 6: Logistics & Tenure
Logistics & Tenure Favourable jurisdiction - Arizona Power and gas line located just north of project area Active mining district, Freeport McMoRan’s operating Bagdad porphyry copper mine is located 10km from the Burro Creek project. Burro Creek Burro Creek east (area drilled to date) held under Ari
Slide 7: Surface Results
Surface Results Strong results in new western claims similar to that recently drilled in east Initial reconnaissance surface sampling results comparable to competitor lithium clay projects that area subject to feasibility studies For details of surface results refer to ZNC ASX Release 19th June 2018
Slide 8: Drill Results
Drill Results Thick; Plan Flat lying; Near surface; Widespread lithium clay beds; & High potassium levels throughout. A A’ Initial reconnaissance 9.1m/1152 22.9m/1088 surface sampling results comparable to competitor lithium 9.1m/1325 clay projects that 19.8m/1180 24.4m/1361 area subject to feasibil
Slide 9: Metallurgy
Metallurgy Very encouraging initial metallurgical testwork# • Up to 90% lithium recovery by acid leaching, with similar *acid consumption to Rhyolite Ridge; • Up to 89% lithium recovery using calcine & water leach - similar approach to Bacanora at Sonora in Mexico. Metallurgical testwork has recomme
Slide 10: Exploration Target
Exploration Target Exploration Target1 for the Burro Creek project of 30-50 million tonnes at 1000 to 1100ppm lithium Li and 2% to 3% potassium, based on June 2018 drill results from eastern claims and from surface sampling - mapping in the western claim area . Upcoming maiden resource estimate will
Slide 11: Project Comparatives
Project Comparatives Global Geoscience Limited (ASX:GSC - market capitalisation $A562 million as at 15th June 2018) Rhyolite Ridge - 100% owned, Mineral Resource constrained by a starter pit - open pit shell of is focus of GSC’s pre-feasibility study. 2For details refer to GSC – ASX Release 13th Jun
Slide 12: Corporate and Other Projects
Corporate and Other Projects 12
Slide 13: Exposure to Exciting Portfolio
Exposure to Exciting Portfolio Cardinals Tate River Gold Copper - Zinc Option – Trenching 5m @ 3.9g/t Au* Mt Alexander - Magnetite Iron Develin Creek Earaheedy High- JORC Resource Grade Manganese Copper-Zinc Earaheedy Zinc – Red Mountain option to ASX:RTR Large Silver – Gold Anomaly Waratah Well Lit
Slide 14: News Flow & Catalysts 2018
News Flow & Catalysts 2018 Jun Jul Aug USA/Mexico Lithium – Jim Mellon/Bradda Head JV • Burro Creek – mineral resource estimate MRE • Mexican brine project – geophysics completed – results awaited • New brine projects from generative study Split Rocks • Lithium pegmatite RC drilling completed – resu
Slide 15: Corporate Structure
Corporate Structure ZNC Share Price Capital Structure – ASX: ZNC Share Price (at 19th Jun 2018) $0.18 Source: CommSec.com.au Shares on Issue - ZNC fully paid ordinary 213m Market Capitalisation $38m Cash (31st Mar 2018) $2.9m Major Shareholders HSBC Custody. Nom 12.8% ASX:ZNC Contact Details Granich
Slide 16: Contact Details
Contact Details For more information: Media and Broker Enquiries: Mick Clifford Andrew Rowell Managing Director Cannings Purple E: mick@zenithminerals.com.au E: arowell@canningspurple.com.au Registered office: Postal address: Level 2, 33 Ord St PO Box 1426 West Perth West Perth WA 6005 WA 6872 Telep