Somerset Minerals Limited · ASX:SMM
Somerset Minerals — Tempus Resources — Investor Presentation (March 2022)
27 slides from Somerset Minerals's investor presentation, March 2022
Slide 1: Americas Focused Gold Explorer
AMERICAS FOCUSED GOLD EXPLORER ASX: TMR TSX.V: TMRR March 2022 OTCQB: TMRFF
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain “forward-looking information” within the expectations contained in, the forward-looking information and statements are meaning of applicable Canadian securities legislation. Such forward-looking reasonable, undue reliance should not be placed on such inf
Slide 3: Financial Snapshot
FINANCIAL SNAPSHOT Listed on the ASX (TMR), TSX.V (TMRR) and OTCQB (TMRFF) Share and Capitalization Metrics Shareholder Structure Issued and Outstanding1 125.0M Institutional Investors Options/Warrants on 20.5M (~10%) Issue3 (Ex price A$0.165 – A$0.315) Board/Management Performance Rights3 0.6M /Ins
Slide 4: Management & Board
MANAGEMENT & BOARD Board Management Alexander Molyneux - Non-Executive Chairman Jason Bahnsen – President & CEO Mining industry executive and financier with 20+ years industry Mining engineer with over 30 years of experience in natural experience. Serves on several public company boards, including r
Slide 5: Flagship Elizabeth-Blackdome Gold Project
FLAGSHIP ELIZABETH-BLACKDOME GOLD PROJECT LOCATED IN ACTIVE SOUTHERN BRITISH COLUMBIA GOLD DISTRICT TEMPUS RESOURCES LTD. (ASX: TMR / TSX.V TMRR) | 5
Slide 6: Elizabeth Gold Project and Blackdome Mine
ELIZABETH GOLD PROJECT AND BLACKDOME MINE High Grade Gold Exploration with Future Options for Fast Tracking Production Elizabeth Gold Project > High-grade mesothermal gold mineralisation presenting itself in wide (~1.5 - 5m) vein sets > Potential for processing at Blackdome Mill (metallurgical tests
Slide 7: Elizabeth – Ongoing Drilling Program
ELIZABETH – ONGOING DRILLING PROGRAM ➢ 2022 Drill Program to focus on expansion of Blue Vein, SW Vein and identification of new veins Visible gold in 2010 drill core from Elizabeth Note: Elizabeth Project Vein locations and drill plans presented above were previously disclosed by Tempus Resources in
Slide 8: Elizabeth – South West Vein
ELIZABETH – SOUTH WEST VEIN ➢ 2022 Drill Program to focus on expansion of Blue Vein, SW Vein and identification of new veins Visible gold in 2010 drill core from Elizabeth Note: Elizabeth Project Vein locations and drill plans presented above were previously disclosed by Tempus Resources in the news
Slide 9: Elizabeth Blue Vein – Bonanza Grade Results
ELIZABETH BLUE VEIN – BONANZA GRADE RESULTS > Newly discovered “Blue Vein” 150 m NW of the SW Vein was intersected in 7 drill holes including: > Visible gold high grade in EZ21-12 1.0m @ 33.7 g/t gold, 0.5m @ 26.4 g/t gold > EZ21-25 2.7m @13.4 g/t gold including 0.5m @ 71.3 g/t gold > High Bonanza g
Slide 10: Elizabeth – Focus on Resource Expansion Leading to Fast Track Development
ELIZABETH – FOCUS ON RESOURCE EXPANSION LEADING TO FAST TRACK DEVELOPMENT > More than 9 known vein sets on the property with high potential for additional discoveries. > SW Vein (143,900oz at 13.63 g/t gold historical resource) extended 150- 200m below surface and 400m along strike > Blue Vein devel
Slide 11: Elizabeth – The Bigger Game
ELIZABETH – THE BIGGER GAME > June 2021 airborne geophysical survey has identified the potential for a much larger scale gold system at Elizabeth in both overall footprint and depth > The Blue Creek Porphyry intrusion, which hosts the high-grade gold mineralisation at Elizabeth Main likely covers an
Slide 12: Elizabeth – The Bigger Game
ELIZABETH – THE BIGGER GAME > June 2021 geophysical surveys also show the Blue Creek Porphyry is at least 4x larger than previously defined and extends to at least 2km below surface (~10x deeper than currently drill-tested) > The interpretation suggests that the high- grade Elizabeth veins may exten
Slide 13: Elizabeth East – The First Potential Regional Discovery
ELIZABETH EAST – THE FIRST POTENTIAL REGIONAL DISCOVERY > Significant new gold in soil anomaly discovered 2019 > Results up to 0.66 g/t > Supported by coincident pathfinder element Elizabeth Main Deposit anomalies and structural geology > Follow up exploration planned for 2022 > Potential for comple
Slide 14: Blackdome Mill - Provides Fast Track to Production
BLACKDOME MILL - PROVIDES FAST TRACK TO PRODUCTION > Blackdome Project is approximately 30 km north of the Elizabeth Project and is connected via contiguous claims along an existing forestry track. > The Blackdome Mine includes a 200 tonne/day conventional gravity separation and flotation mill and p
Slide 15: Elizabeth – Metallurgy
ELIZABETH – METALLURGY Metallurgical testing confirms recoveries up to ~95% either by using existing Blackdome plant process to recover gold into concentrate or using conventional CIL / CIP to produce gold doré1 Existing Blackdome Plant Process Conventional Carbon-In-Leach / Carbon-In-Pulp Process P
Slide 16: Blackdome Exploration
BLACKDOME EXPLORATION > Tempus has identified additional exploration targets at Blackdome that will be followed up in 2022. Figure – Blackdome long-section imposing historic stopes along the No.1 & No.2 Veins TEMPUS RESOURCES LTD. (ASX: TMR / TSX.V TMRR) | 16
Slide 17: Ecuador - Zamora Projects (Valle del Tigre / Rio Zarza)
ECUADOR - ZAMORA PROJECTS (Valle del Tigre / Rio Zarza) > Tempus’ projects in Ecuador are located in heart of the Cordillera del Condor mineral belt of southeast Ecuador that host numerous major gold and copper porphyry deposits. > Projects are early exploration stage. > The Valle del Tigre Project
Slide 18: Ecuador - Valle del Tigre Project
ECUADOR - VALLE DEL TIGRE PROJECT > In 2019/20, Tempus completed a 600 line-km ZTEM airborne geophysics survey which delineated a strong resistivity/conductive anomaly over 2 km in length. > In Q1 2021, Tempus completed a Phase 1 geochemical sampling survey study that confirmed geophysical targets a
Slide 19: Ecuador - Rio Zarza Project
ECUADOR - RIO ZARZA PROJECT > Rio Zarza Project’s eastern boundary is adjacent to Lundin Gold’s Fruta del Norte deposit and exhibits similar geology and alteration > The property hosts a potential extension of the Fruta del Norte deposit > Resistivity data from recent ZTEM survey highlights likely c
Slide 20: www.tempusresources.com.au
Level 2, 22 Mount Street, Perth WA 6000, Australia +61 8 6188 8181 @ResourcesTempus www.tempusresources.com.au
Slide 21: Appendix – Elizabeth/Blackdome Historical Resource Estimates
APPENDIX – ELIZABETH/BLACKDOME HISTORICAL RESOURCE ESTIMATES > Historic resources of approximately 300k oz of gold (50k oz Indicated / 250k oz Inferred) across the Blackdome-Elizabeth mineral claims. > Historic resource estimates were done at a gold price of US$1,000 per ounce (current spot US$1,725
Slide 22: Appendix: Elizabeth Drilling Results – 2020
APPENDIX: ELIZABETH DRILLING RESULTS – 2020 True Gold Grade x Hole ID From (m) To (m) Interval (m) Thickness Silver Grade Vein Grade Metres (m) EZ-20-04 101.5 104.7 3.20 2.45 5.26 7.51 17 SW Vein including 103.0 104.7 1.70 1.30 9.74 3.88 17 SW Vein EZ-20-06 116.5 121.5 5.00 3.83 61.3 44.5 307 SW Vei
Slide 23: Appendix: Elizabeth Drilling Results – 2021
APPENDIX: ELIZABETH DRILLING RESULTS – 2021 True Gold MET Screen Interval Hole ID From (m) To (m) Thickness Grade Grade Vein (m) (m) (g/t Au) (g/t Au) EZ-21-01 94.00 96.60 2.60 2.21 4.60 5.12 SW Vein and 83.50 84.00 0.50 0.43 20.50 pending SW Vein EZ-21-02 102.40 109.00 6.60 5.61 8.40 pending SW Vei
Slide 24: Appendix: Elizabeth Drilling Results – 2021 (Con't)
APPENDIX: ELIZABETH DRILLING RESULTS – 2021 (Con’t) True Gold MET Screen Interval Hole ID From (m) To (m) Thickness Grade Grade Vein (m) (m) (g/t Au) (g/t Au) EZ-21-07 Hole lost EZ-21-07B 40.10 41.10 1.00 0.85 4.88 Not performed 7 Vein and 51.50 52.20 0.70 0.60 9.06 Not performed 7 Vein and 160.00 1
Slide 25: Appendix: Elizabeth Drilling Results – 2021 (Con't)
APPENDIX: ELIZABETH DRILLING RESULTS – 2021 (Con’t) True Interval Gold MET Screen Hole ID From (m) To (m) Thickness Vein (m) Grade Grade (m) EZ-21-15 318.40 320.80 2.40 2.04 0.31 Not Preformed SW Vein including 320.30 320.80 0.50 0.43 1.14 Not Preformed SW Vein EZ-21-16 305.00 306.90 1.90 1.61 0.55
Slide 26: Appendix: Elizabeth Drilling Results – 2021 (Con't)
APPENDIX: ELIZABETH DRILLING RESULTS – 2021 (Con’t) True Interval Gold MET Screen Hole ID From (m) To (m) Thickness Vein (m) Grade Grade (m) EZ-21-15 318.40 320.80 2.40 2.04 0.31 Not Preformed SW Vein including 320.30 320.80 0.50 0.43 1.14 Not Preformed SW Vein EZ-21-16 305.00 306.90 1.90 1.61 0.55
Slide 27: Appendix: Elizabeth Drilling Results – 2021 (Con't)
APPENDIX: ELIZABETH DRILLING RESULTS – 2021 (Con’t) True Interval Gold MET Screen Hole ID From (m) To (m) Thickness Vein (m) Grade Grade (m) EZ-21-24 139.80 141.00 1.20 1.02 0.58 0.58 Blue Vein and 181.70 182.65 0.95 0.81 0.85 0.84 Blue Vein EZ-21-25 111.00 113.70 2.70 2.30 13.4 Not Preformed Blue V
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