Hammer Metals Limited · ASX:HMX

Hammer Metals — Investor Presentation (November 2016)

23 slides from Hammer Metals's investor presentation, Nov 18, 2016

  1. Slide 1: Presentation November 2016

    For personal use only Hammer Metals Limited ABN. 87 095 092 158 Presentation November 2016

  2. Slide 2: Corporate Summary (November 2016)

    CORPORATE SUMMARY (November 2016) For personal use only Russell Davis Alex Hewle/ Nader El-Sayed Simon Bodensteiner Chairman Execu.ve Director Director Director Technical Commercial Finance Mining Corporate Snap Shot Significant Shareholders ASX Code HMX Deutsche Rohstoff ≈ 17.8% Resource Capital Fund

  3. Slide 3: Mount Isa Project Overview

    MOUNT ISA PROJECT OVERVIEW For personal use only Major land posi.on (2600km2) located in the Mount Isa province “sandwiched” between several major players; • Glencore (Mount Isa, E1, George Fisher, Ernest Henry). • South 32 (Cannington). • Chinova Resources (Osborne, Merlin, Mt Elliob, Starra). • Co

  4. Slide 4: Strategy

    STRATEGY Corporate Strategy: For personal use only • To make large copper-gold discoveries in the Mount Isa mineral province How: • Through sustained and systema.c explora.on over a known major copper province • By drilling holes! • Hammer is well funded to explore with $4.1 M cash in the bank as at

  5. Slide 5: Mt Isa District Hub

    MT ISA DISTRICT HUB ObjecFve: To define as many copper gold For personal use only resources as possible near Kalman How: Fast track explora.on targets through to thorough drill tes.ng. Priority Targets: • Kalman • Serendipity Extensions • Python • Overlander • Pindora South • Millennium • Tiny Boot •

  6. Slide 6: Kalman Drilling

    KALMAN DRILLING For personal use only HAMMER METALS LTD | 6

  7. Slide 7: Kalman High Grade Copper

    KALMAN HIGH GRADE COPPER For personal use only • High grade copper-gold: ̶ 7.6m at 23.4% Cu, 0.5g/t Au & 20g/t Ag from 581.65m in K106A ̶ 77m at 1.4% Cu & 1.3g/t Au from 700m in K106A ̶ 53m at 2.1% Cu and .52g/t Au including 25m at 3.8% Cu & 0.94g/t Au from 712m in K106C High Grade Copper from Coppe

  8. Slide 8: Kalman - High Grade Mo-Re

    KALMAN - HIGH GRADE MO-RE For personal use only Extensions of high-grade molybdenum and copper-gold zones enhance open pit mining potential • High grade molybdenum & rhenium intersections: - 62 metres at 0.65% Mo, 11.4g/t Re, 0.16% Cu, 0.07g/t Au and 1.5g/t Ag (62 m at 4.3% CuEq*) from 152 metres, -

  9. Slide 9: New Kalman Resource

    NEW KALMAN RESOURCE For personal use only Kalman Deposit Mineral Resource EsFmate (Reported at 0.3% CuEq cut-off above 100m RL and 1.0% CuEq cut-off below 100m RL) Refer to ASX release dated 27/9/16 for details Mining Tonnes ClassificaFon CuEq (%) Method (t) Indicated Open Pit 7,100,000 1.5 Inferred Op

  10. Slide 10: Millennium - A New Cobalt Deposit

    MILLENNIUM- A NEW COBALT DEPOSIT For personal use only • 23 new RC holes to deliver a new cobalt copper gold resource Q4 2016 • 1.5km of strike tested with another 1.5km yet to be tested. • Situated on the Pilgrim Fault. • High grade cobalt intersected. HAMMER METALS LTD | 10

  11. Slide 11: Millennium - A New Cobalt Deposit

    MILLENNIUM- A NEW COBALT DEPOSIT For personal use only HAMMER METALS LTD | 11

  12. Slide 12: Overlander – A New IOCG Discovery

    OVERLANDER – A NEW IOCG DISCOVERY For personal use only • Preliminary RC and diamond drilling has iden.fied zones of high grade Cu with Co from surface. • 6km of strike. • 6km west of Kalman. • Large IOCG system intersected in diamond drill hole OVD001. HAMMER METALS LTD | 12

  13. Slide 13: Overlander North Deposit

    OVERLANDER NORTH DEPOSIT For personal use only • Last 3 RC holes intersected: OVRC29 – 75m at 1.33% Cu including 28m at 1.91% Cu and 16m at 1.92% Cu OVRC30 – 87m at 0.74% Cu including 27m at 1.4% Cu OVRC31 – 89m at 1.1% Cu including 56m at 1.4% Cu and 11m at 2.4% Cu and 10m at 1.6% Cu • Open to the

  14. Slide 14: Overlander North Deposit

    OVERLANDER NORTH DEPOSIT For personal use only First diamond hole drilled in May, two addi.onal holes just completed: OVD001 – Intersects IOCG target – 21m @ 1.7% Cu from 435m – 97.3m @ .54 Cu from 359.5m HAMMER METALS LTD | 14

  15. Slide 15: Overlander Diamond Hole

    OVERLANDER DIAMOND HOLE For personal use only OVD001 - Magne.te, Albite, Chalcopyrite, Pyrite Rock OVD001 - Chlorite, Bio.te, Albite, Chalcopyrite, Pyrite Breccia HAMMER METALS LTD | 15

  16. Slide 16: Larger Scale Targets at Overlander

    LARGER SCALE TARGETS AT OVERLANDER For personal use only • Large IOCG target over magne.c high • Extensive mineralised rhyoli.c breccia HAMMER METALS LTD | 16

  17. Slide 17: Tourist Zone

    TOURIST ZONE For personal use only • Similar geological posi.on to Overlander and 2km to west • Mineralised breccias, silicifica.on and ‘red rock’ altera.on • Previous drilling returned: • 26m at 1.04% Cu and 0.24g/t Au in TRC-11 and • 35m at 1% Cu and 0.18g/t Au in TRC-19 HAMMER METALS LTD | 17

  18. Slide 18: Hammer Time

    HAMMER TIME For personal use only • Coincident soil geochemistry (Cu and Au) and IP anomaly. • 3.4km in length and 1km in width. • Prospect crosses the tenement boundary with Glencore Copper. [Refer to the Appendix for notes on CuEq grade calculation] HAMMER METALS LTD | 18

  19. Slide 19: Hammer Time

    HAMMER TIME For personal use only • Intersected in first RC hole – 216m @ 0.17 Cu and 0.05g/tAu HAMMER METALS LTD | 19

  20. Slide 20: Dronfield

    DRONFIELD For personal use only • Williams granite suite. • Coincident gravity - magne.c and IP anomalies. • Copper - gold anomalism. • 2m @ 6.1% Cu + 1.54g/t Au from 37m in HDRC001 Western Anomaly – Summary of the modelled geophysical features from the NEWDAS survey and the subsequent Joint geophys

  21. Slide 21: Disclaimer & Competent Person Statements

    DISCLAIMER & COMPETENT PERSON STATEMENTS Disclaimer For personal use only This presentation by its nature contains summarised information. Mr Downing consents to the inclusion in the report of the matters Overlander North + South Resource Estimate See Hammer’s other periodic and continuous disclosur

  22. Slide 22: Kalman Resource Estimate & Notes on Copper Equivalence Calculation

    KALMAN RESOURCE ESTIMATE & NOTES ON COPPER EQUIVALENCE CALCULATION For personal use only The Kalman Mineral Resource Estimate was updated in September 2016 in accordance with the JORC Code (2012 Edition). (Refer to the ASX Release dated 27th September 2016 for full details of the Resource Estimate.)

  23. Slide 23: Kalman Resource Estimate & Notes on Copper Equivalence Calculation

    KALMAN RESOURCE ESTIMATE & NOTES ON COPPER EQUIVALENCE CALCULATION For personal use only Assumed Metallurgical Recoveries Based on the testing completed and the current understanding of the material characteristics it has been assumed that the Kalman material can be processed using a “typical” conce

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