New Frontier Minerals Limited · ASX:NFM
New Frontier Minerals — Castillo Copper — Investor Presentation (2024)
40 slides from New Frontier Minerals's investor presentation, Jun 17, 2024
Slide 1: North-West Queensland Copper Project
North-West Queensland Copper Project OVER TWENTY PROSPECTS DELIVERING EXPLORATION UPSIDE
Slide 2: Disclosure
2 Disclosure The information contained in this document ("Presentation") has been prepared by Castillo Copper Limited (hereafter "Castillo“ or “CCZ”). It has not been fully verified and is subject to material updating, revision and further amendment. While the information contained herein has been p
Slide 3: Castillo Copper
3 Castillo Copper PROJECTS We are a copper-focused exploration London Stock Exchange company with four projects across Australia Ticker code: CCZ and Zambia. We target and select assets for their potential to develop economic mineral resources and are actively progressing each NWQ Copper Project pro
Slide 4: Leadership Team
4 Castillo Copper LEADERSHIP TEAM GERRARD HALL EDUARDO ROBAINA JOEL LOGAN DALE HANA Chairperson Non-Executive Director Non-Executive Director Company Secretary Appointed April 2022 Appointed March 2024 Appointed March 2024 Appointed April 2020 Ged, a finance professional with Eduardo is an accomplis
Slide 5: NWQ Copper Project Location
5 NWQ Copper Project LOCATION The NWQ Copper Project is located about 140 km to the north of Mount Isa Townsville is roughly 760 km directly east of the Project and is linked to Mount Isa via a railway The Project comprises five mineral leases covering a total area of 977km2 The northern leases area
Slide 6: Regional Geology
6 NWQ Copper Project 4 REGIONAL GEOLOGY Located in Mount Isa Inlier, featuring Proterozoic (2.5 Ga to 540 Ma) crustal rocks with a tectonic evolution akin to the Broken Hill Block 4 The region hosts notable shale-hosted lead-zinc- silver sulphide deposits like the Mount Isa, Century and George Fishe
Slide 7: Local Geology
7 NWQ Copper Project 567 LOCAL GEOLOGY The tenement is underlain by Lower Proterozoic metamorphosed siltstone, sandstone, dolomite, quartzite and volcanics Mineralisation styles include structurally- controlled (IOCG), sheared-hosted sedimentary rocks (Cu-Au) and strataform (Pb-Zn) A major fault zon
Slide 8: Exploration Overview
Exploration OVERVIEW The Project Area has seen extensive exploration, with nearly 150 permits 2 issued since records began Activity has focused on sedimentary hosted copper sulphide mineralisation, especially Mount Isa-style deposits and other copper, lead, and zinc mineralisation Limited exploratio
Slide 9: Exploration Evaluation
9 Exploration EVALUATION Collation, combination and interpretation of publicly available geochemical data to define trends, geological and structural associations Review of historical exploration reports with a view to identifying historical targets suitable for follow up exploration Re-interpretati
Slide 10: Prospectivity in Focus
Prospectivity in Focus OVERVIEW The NWQ prospects have been allocated a prospectivity score, indicating the probability of discovering a deposit that may be of a size and grade to be categorised a mineral resource The assessment combines knowledge of a prospect’s geology, mineral occurrences, curren
Slide 11: Prospectivity
11 Prospectivity 0 5 10 15 20 25 30 35 1. Big One | HD Prospectivity Score 9 Certainty Score 2. Eldorado | HC High: An area is considered to have a high mineral A: The available data are not adequate to resource potential if the geological, geophysical, or determine the level of mineral resource pot
Slide 12: Big One | HD Geology
12 Big One | HD 2, 10, 11, 12 GEOLOGY The historic Big One Copper Mine’s host rock comprises dolomitic feldspathic sandstone, siltstone (Lochness Formation), and quartzite (Whitworth Quartzite) Mineralisation includes supergene copper linked to a steeply dipping, northeast-trending fault zone, intru
Slide 13: Big One Timeline
13 Big One TIMELINE NWQ COPPER PROJECT - INVESTOR PRESENTATION
Slide 14: Big One Studies
14 2020-21 drilling results confirm Cu Big One (chalcocite) from surface: • BH 303RC - 40m at 1.64% Cu 2 STUDIES from surface incl: 11m at 4.40% Cu from 24m, 7 historic drillholes intercept shallow, high-grade Cu over 600m strike: 5m at 7.34% Cu from 28m 1m at 16.65% Cu from 29m • BH B07 - 3m at 12.
Slide 15: Big One 2022 Mineral Resource Estimate
15 Big One 21 2022 MINERAL RESOURCE ESTIMATE Inferred MRE of 2.1Mt at a grade of 1.1% Cu A smaller estimate for indicated resources has been included, focusing on legacy stockpiles A targeted diamond drilling program has the potential to significantly expand and improve the confidence level of the r
Slide 16: Eldorado South | HC Geology
16 Eldorado South | HC 2, 22 GEOLOGY Eldorado South is dominated by the Surprise Creek Formation, which consists of layers transitioning from pebble sandstone and sandstone to a mix of sandstone, siltstone, and shale The area is intersected by several faults running in a north to north-northeast dir
Slide 17: Eldorado South Studies
17 Eldorado South 2, 23, 24, 25 MIM’s 1991 airborne STUDIES electromagnetic survey reveals an anomaly 26 Eldorado South shows anomalous copper readings over a 200m by 500m area, reaching 310ppm Cu 26 A ground electromagnetic survey confirms anomalous geochemistry coincides with the geophysical anoma
Slide 18: Valparasia | HB Geology
18 Valparasia| HB 2, 28, 29, 30 GEOLOGY Valparasia features two Middle Gunpowder Creek Formation layers with weak copper staining at surface along a 6km strike length The lower copper bed has stronger outcrop with ferric turquoise, pyritic lenses, and Liesegang banding The upper copper bed is often
Slide 19: Valparasia Studies
19 Valparasia 2, 28, 29 STUDIES Dampier Mining collect and analysed 51 rock chip samples, returning Dampier Mining drill 18 RAB holes anomalous values, • 12 samples return results • Lower copper bed results were >200ppm Cu with 6 exceeding poor, best intercept 3m @ 1,000ppm Cu 0.08% Cu • Upper coppe
Slide 20: Boomerang | HB Geology
20 Boomerang | HB 31 GEOLOGY Boomerang is dominated by the Surprise Creek Formation and consist of outcropping copper oxide deposits striking up to 800m The area is intersected by several faults running off the Mount Gordon Fault Zone to the west The Theresa lead deposit is located around 1km to the
Slide 21: Boomerang Studies
21 Boomerang STUDIES Dampier Mining conduct geological mapping, rock sampling, identifying copper staining • Findings revealed copper oxide CCZ conduct reconnaissance level mineralisation in sandstone over mapping and rock sampling in an 800m strike length 30 September 2023 • 21 rock samples analyse
Slide 22: Mount Storm | HB Geology
22 Mount Storm | HB 2, 32, 33 GEOLOGY The historic Mount Storm Copper Mine is in a porphyry dyke within the Upper Lochness Formation Mapping suggests the dyke is 750 meters long, intersecting the Quililar Formation to the west The mine originally consisted of two small pits excavated in the 1970s fo
Slide 23: Mount Storm Studies
23 Mount Storm 2 STUDIES Historic rock chip sampling identify up to 5.4% Cu and 271 ppm Co 34 Three grab samples collected from historic workings: two from the south pit (4.46% and 3.74% Cu) and one from the north pit (10.4% Mount Isa Metals later find copper (up Cu in a cherty vein) 32 to 521ppm),
Slide 24: Black Mountain | MB Geology
24 Black Mountain | MB 2, 36 GEOLOGY Black Mountain Copper is a copper anomaly identified from stream sediment sampling by Mount Isa Mines Limited It is situated in a northeast-trending belt of Quililar Formation sediments near a fault Field observations suggest mineralisation is linked to quartz ve
Slide 25: Black Mountain Studies
25 Black Mountain 2 STUDIES Mount Isa Mines explore for base metals or gold, driven by favourable rocks and structural complexity Three RAB holes drilled (date unknown) identified quartz A helicopter-assisted drainage veining, but limited information is program and sampling of anomalies available fr
Slide 26: The Crescent | MB Geology
26 The Crescent | MB 38 GEOLOGY The Crescent is dominated by rocks of the Lochness Formation and holds potential for IOCG- style deposits, as supported by petrographic analysis Visible gold in stream sediments and silver in outcrops suggests possible mineralisation The western side, situated between
Slide 27: The Crescent Studies
27 The Crescent 40 STUDIES Ground magnetic surveys later reveal two more anomalies A 1992 airborne electromagnetic survey discover a 400m by 300m sub- vertical anomaly Petrographic analysis indicates Multiple phases of geochemical zoned alteration associated with studies conducted IOCG-style mineral
Slide 28: Pancake | MB Geology
28 Pancake | MB 2 41 GEOLOGY Pancake is dominated by the Lochness Formation with host rocks characterised by fine grained feldspathic sandstones and dolomitic ferruginous sandstone Pancake Prospect has the potential to hold Mount Isa style deposit with IOCG potential based on historical exploration
Slide 29: Pancake Studies
29 Pancake 2, 40 Historical rock chip samples return up STUDIES to 433ppm Cu, 1,320ppm Pb, and 7,140ppm Zn Historical geochemical soil sample data reveals a significant 950m by 150m Zn-Pb-Cu anomalous zone • Up to 670ppm Cu, 1,320ppm Pb, Airborne electromagnetic and ground and 4,600ppm Zn magnetic s
Slide 30: The Wall | MB Geology
30 The Wall | MB 42 GEOLOGY The Wall is dominated by rocks of the Lochness Formation Analysis of historical data indicates the potential for both Mount Isa and IOCG-style mineralisation Soil geochemistry data reveals a distinctive zinc- lead-copper zone Geoscience Australia's assessment supports the
Slide 31: The Wall Studies
31 The Wall 40 STUDIES Airborne geophysical studies reveals a potential EM anomaly Assays confirm Mount Isa-style mineralisation potential identifying a zinc-lead-copper zone (400m x 225m) Rock chip samples north of the soil • Soil assay values reach 7,163ppm anomaly return values up to Zn, 2,023ppm
Slide 32: Arya in Focus | MB Geology
32 Arya in Focus| MB 2 43 GEOLOGY Located within the Surprise Creek Formation, the Arya Prospect is positioned adjacent to an east to northeast trending fault, causing an offset between the upper and lower units of the Surprise Creek formation Surface expression is limited to copper staining within
Slide 33: Arya Studies
33 Arya 2 BHP's 1997 airborne geophysical STUDIES survey detect 11 electromagnetic anomalies 45 46 BHP ‘discover’ Arya (Myally Gap) in the mid-1990s from multiple surface geochemical samples returning grades of over 1,000 ppm Cu and In 2021, GeoDiscovery combine including one sample at 18,400 ppm BH
Slide 34: Other Prospects Overview
34 Other Prospects OVERVIEW Quililar Formation | Structurally controlled mineralisation with ENE fault, haematitic quartz veins and rhyolitic dykes (potential 11 Flapjack | MB IOCG) | Possible replacement carbonate mineralisation | 981ppm Cu 12 Torpedo Creek | MB Gunpowder Creek Formation and Paradi
Slide 35: In Closing
In Closing ROBUST FUNDAMENTALS The NWQ Copper Project exhibits significant copper prospectivity The highest likelihood of discovering copper deposits lies at the intersections of fault lines, especially within or close to the Mount Gordon Fault Zone. These areas should be the focus of exploration Mu
Slide 36: References
36 References 1. Refer to CCZ ASX Announcement – 25 July 2023 2. Biggs, M.S. & Reed, G., 2022 Geological Briefing Paper: NWQ Copper Project .Unpublished report. 3. Queensland Government, GeoRes Globe. Date accessed: 07 November 2023 4. Betts, P., Giles, D., Mark, G., Lister, G., Goleby, B. and Aillè
Slide 37: References
37 References 20. Refer to CCZ ASX Announcement – 13 July 2023 21. Refer to CCZ ASZ Announcement – 22 February 2022 22. ROM Resources, EPM26525 Hill of Grace Annual Report for Period 12 June 2021 to 11 June 2022. Date issued 18 July 2022 23. Refer to ASX Announcement – 06 October 2022 24. CRA Explor
Slide 38: References
38 References i) Savanah Resources Pty Ltd, 2007. EPM 13176 Valparasia Northwest Queensland Annual Report for the period ending 14/8/06. QDEX Report 47628. j) CST Minerals Lady Annie Pty Ltd, 2012. EPM 13176 Valparasia Northwest Queensland Annual/Final Report for the period ending 30/8/12. QDEX Repo
Slide 39: References
39 References 41. Refer to CCZ ASX Announcement – 25 March 2020 42. Refer to CCZ ASX Announcement – 18 March 202 43. Refer to CCZ ASX Announcement – 28 April 2020 44. Mt Isa Metals Ltd, 2010. EPM 15767, Myally Tenement, Annual Report for the Period 5/06/2009 to 4/6/2010. QDEX Report number: 64491 45
Slide 40: Contact
Contact A 45 Ventnor Avenue, West Perth P +61 8 9389 4407 F +61 8 6316 3337 Western Australia 6005 E info@castillocopper.com