Antares Metals Limited · ASX:AM5
Antares Metals — Investor Presentation (September 2023)
27 slides from Antares Metals's investor presentation, Sep 26, 2023
Slide 1: Massive Nickel Sulphides with Lithium Potential
Massive Nickel Sulphides with Lithium Potential September 2023 ASX:NIS nickelsearch.com
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by NickelSearch Limited (“NiS” or the “Company”) to assist in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the
Slide 3: Why NickelSearch?
Why NickelSearch? Prime Great Fundamentals Location Value in Place NickelSearch • Investor Presentation Located in the Existing mineral resource Extensive greenfields nickel Forrestania Nickel Belt, of 155kt contained nickel sulphide potential, plus Western Australia with a low enterprise lithium an
Slide 4: Acknowledgement of Country
Acknowledgement of Country NickelSearch acknowledges the Traditional Custodians of the lands on which we operate, the Wudjari people of the Noongar nation. We recognise the unique cultural heritage of Aboriginal people and their continued connection to lands, waters and communities. We pay our respe
Slide 5: Established Nickel & Lithium Province
Carlingup Project Established Nickel & Lithium Province • Highly prospective geological setting for nickel sulphides and lithium • Favourable ultramafic host rocks for komatiitic nickel sulphide deposits • Tenements in “Goldilocks Zone” for Lithium-Caesium-Tantalum (LCT) NickelSearch • Investor Pres
Slide 6: Capital Structure
Capital Structure 139.4M $1.89M $4.94M Shares on Issue Cash1 Enterprise ASX: NIS Value $6.83M Nil 88.3M 55.2% NickelSearch • Investor Presentation Market Cap Debt Unlisted Top 20 $0.049 (22 September 2023) (31 July 2023) Options2 Ownership 1 Cash balance as at 30 June 2023 2 10.6M options exercisabl
Slide 7: Nickel Sulphides Form in Pods
Carlingup Project Nickel Sulphides Form in Pods NickelSearch • Investor Presentation Carlingup Nickel Sulphide Deposit Model. Conceptual cross section across a channelised ultramafic komatiite flow showing the location of massive and disseminated magmatic Ni-Cu-PGM mineralisation (after La Vaillant
Slide 8: Deep Pipeline of Greenfields Nickel Targets
Carlingup Project Deep Pipeline of Greenfields Nickel Targets • High-resolution HTEM and magnetic (Xcite™) survey completed covering entire project area • Important foundational data set for targeting blind nickel sulphide deposits • Systematic Ultra-fine, multi-element soil geochemical sampling cov
Slide 9: Greenfield Nickel Sulphide Target Prioritisation
Greenfield Nickel Sulphide Target Prioritisation Target Geological Geophysical Geochemical Overall Assessment Lipple High Medium High High Wadley High Medium High High RAV8 Downplunge Very High High-Medium Medium High John Ellis West High-Medium High-Medium Medium High-Medium Nickelsearch • Investor
Slide 10: Similar Geology to Forrestania
Carlingup Project Similar Geology to Forrestania Located in the same greenstone belt with a similar lithostratigraphic and structural setting NickelSearch • Investor Presentation WSA ASX Announcement (historical) 24 November 2016 – Corporate Presentation – Annual General Meeting 10
Slide 11: Limited Exploration at Depth
Carlingup Project Limited Exploration at Depth Most previous drill testing has been shallow (<80m depth) The high-grade nickel sulphide deposit at RAV8 was mined to only 300m depth and lacks conclusive drilling NickelSearch • Investor Presentation down plunge 11
Slide 12: Priority Greenfields Discovery Targets
Priority Greenfields Discovery Targets • Focus to shift to Carlingup North Trend • Drilling deeper than the nickel laterites, into the ultramafic • Testing whether environment is similar to Forrestania’s Digger Rocks (massive nickel sulphide along with significant disseminated nickel sulphide) Nicke
Slide 13: RAV-8 South Prospect
Carlingup Project RAV-8 South Prospect • Historic high grade nickel production at RAV-8 of 16.1kt Ni at 3.45% incl. 9.6kt Ni at 5.83% • JORC 2012 Resource of 4.2Mt @ 0.73% Ni for 30.3kt Ni • The best place to look for a high-grade nickel sulphide is … down-plunge from an existing high-grade nickel s
Slide 14: Lipple Prospect
Carlingup Project Lipple Prospect • Air core holes had indications of nickel sulphide mineralisation • GRB232: 3m @ 0.48% Ni and 0.18% Cu from 25m • Prior drilling was shallow and focused Nickelsearch • Investor Presentation on nickel laterite • NIS drilling to see what sits deeper in the ultramafic
Slide 15: Wadley Prospect
Carlingup Project Wadley Prospect • Possible nickel sulphide signature in historical drilling • GRB244: 3m @ 1.01% Ni and 0.04% Cu from 16m • Prior drilling was shallow and focused on nickel laterite • NIS drilling to see what sits deeper Nickelsearch • Investor Presentation in the ultramafic • VHMS
Slide 16: Extensive Target Pipeline
Extensive Target Pipeline 16 NickelSearch • Investor Presentation
Slide 17: Prospectivity for Lithium
Carlingup Project Prospectivity for Lithium • Technical collaboration with Allkem Limited (ASX:AKE), owner and operator of the Mt Cattlin lithium mine, 10km from the Carlingup Nickel Project • Mt Cattlin lithium operations produced 131kt of spodumene concentrate in FY2023 Nickelsearch • Investor Pre
Slide 18: Spodumene in Pegmatite from Grab Samples
Carlingup Project Spodumene in Pegmatite from Grab Samples Grab samples of spodumene in pegmatite Nickelsearch • Investor Presentation • These grab samples from quarry sent for priority assays • Stream sediment and soil sampling to continue over broader Carlingup Project area • Allkem geologists to
Slide 19: Prospectivity for Lithium
Carlingup Project Prospectivity for Lithium • 22 areas of interest for LCT pegmatites • Five high priority areas of interest: • Four are over 800m in length • Detailed mapping and rock chip sampling over areas cleared for exploration, NickelSearch • Investor Presentation followed by drilling 19 ASX
Slide 20: Lithium Soil Sampling over Portion of Tenements
Lithium Soil Sampling over Portion of Tenements Ultra-fine soil sampling conducted over part of the Company’s Carlingup Trend Independent geochemical review conducted, focused on broad exploration potential The interpreted Goldilocks Zone within the Company’s tenement, where Ultra- fine soil sam
Slide 21: Upcoming Newsflow Ongoing Pursuit of Discovery
Upcoming Newsflow Ongoing Pursuit of Discovery Upcoming Newsflow Sep Oct Nov Dec Greenfield RC drilling at Lipple, Wadley* Greenfield RC drilling at John Ellis W, Discus, Relay* Lithium fieldwork and rockchips NickelSearch • Investor Presentation VHMS drilling* * This work is subject to funding 21
Slide 22: Investment Highlights
Investment Highlights A dominant land position in a Experienced team with a proven highly prospective nickel belt nickel exploration track record Committed to sustainable High priority brownfield resource development & & greenfield targets minimising environmental impact Shallow mineralisation open
Slide 23: Experienced Board and Team
Experienced Board and Team Mark Connelly Nicole Duncan Paul Bennett Lynda Burnett Norm Taylor Non-Executive Chair Managing Director Non-Executive Director Non-Executive Director Non-Executive Director / Founder +30 years in mining, experienced listed- +20 years in mining, experienced +25 years of ex
Slide 24: Our Sustainable Future
Our Sustainable Future The “EnviroPod” in use This drilling solution is a watertight self- contained sump that captures all the outside return and drill sample spoils, leaving no soil or water contamination on the ground after the hole has been drilled NickelSearch • Investor Presentation During Dri
Slide 25: Appendix
Appendix ASX:NIS nickelsearch.com
Slide 26: Appendix 1: Mineral Resources
Appendix 1: Mineral Resources Deposit Cut-off Tonnes Grade Grade Grade Metal Deposit Ore Type Class* Type (% Ni) (Mt) (% Ni) (% Cu) (% Co) (Kt Ni) Goethite Inf 0.3 10 0.60 0.029 59 Laterite John Ellis Saprolite Inf 0.3 6 0.51 0.020 31 Total Laterite 0.3 16 0.56 0.026 90 Ind 0.3 3.3 0.56 0.12 0.01 18
Slide 27: Nicole Duncan
Nicole Duncan Managing Director Email: nicole.duncan@nickelsearch.com ASX:NIS nickelsearch.com
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