Polarx Ltd · ASX:PXX
Polarx — Investor Presentation (January 2020)
19 slides from Polarx's investor presentation, Jan 20, 2020
Slide 1: The Alaska Range Project; High-Grade Cu-Au skarn and porphyry project in the USA
The Alaska Range Project; High‐Grade Cu‐Au skarn and porphyry project in the USA Investor Update 20 January 2020 ASX: PXX www.polarx.com.au 1
Slide 2: Copper discovered on Mars!
Copper discovered on Mars! Confirmation of porphyry veins containing chalcopyrite and molybdenite in the first drill hole at Mars, in PolarX’s Alaska Range Project, is extremely encouraging. Given the large size of the co‐incident Cu‐Au‐Mo geochemical anomaly and the geophysical anomalies, this has
Slide 3: Strong institutional support from major international resource funds
Strong institutional support from major international resource funds Shares (M) Options (M) Cash (31 Dec ‘19) TOTALS 416.2 33.8 ~$1.8M SHAREHOLDERS: % Lundin Mining Corporation 12.8 TIGHTLY HELD Management/Directors/MRG Team 12.2 JP Morgan (UK) 8.3 Top 20 68% U.S. Global (US) 8.1 Top 40 75% Ruffer G
Slide 4: Alaska: the least explored part of the worlds most prolific copper belt
Alaska: the least explored part of the worlds most prolific copper belt Modified after Sun et al 2015, based on USGS data 4
Slide 5: Alaska is low risk: Under-explored TIER 1 geology in a TIER 1 jurisdiction
Alaska is low risk: Under‐explored TIER 1 geology in a TIER 1 jurisdiction Pro‐mining state and a Global Top 10 investment destination per 2019 Fraser Institute Rankings Over 40Moz Au mined to date Considerably under‐explored vs. other TIER 1 provinces Strong Australian presence in major pro
Slide 6: Alaska Range Project has scale, huge upside and multiple opportunities
Alaska Range Project has scale, huge upside and multiple opportunities Large holding of State Mining Claims covering ~261km2 Very strong geochemical footprint for copper over huge areas High‐grade mineralisation at Caribou Dome and Zackly deposits Both deposits open at depth and along strike
Slide 7: Good geology and a clear strategy
Good geology and a clear strategy 12 km‐long WNW trending structural corridor hosts known Cu‐Au mineralization at Zackly and Mars and contains the Saturn porphyry target Three goals: 1. Expand the high‐grade Zackly Cu‐Au resource through further drilling 2. Delineate the Mars porphyry Cu discove
Slide 8: 12km mineralised corridor – rapid growth from three prospects
12km mineralised corridor – rapid growth from three prospects 100% owned Zackly skarn likely to rapidly increase in size with further drilling at the Zackly East Skarn. First drill hole at 100% owned Mars has confirmed Cu‐Au‐Mo 55m @ 2.8g/t Au + 0.6% Cu bearing veins and grades 47m @ 3.1g/t Au +
Slide 9: Huge upside at Zackly East: highest grades 850m east of current resource
Huge upside at Zackly East: highest grades 850m east of current resource The high‐grade Zackly East Skarn is 40‐50m thick in existing drilling and may extend along ~600m strike length PLAN VIEW CROSS‐SECTION 9
Slide 10: Mars discovery: co-incident magnetic, IP and Cu-Au-As-Mo anomalism
Mars discovery: co‐incident magnetic, IP and Cu‐Au‐As‐Mo anomalism Spatially co‐incident magnetic anomaly (potential oxidised‐intrusion), IP anomaly, and Cu‐Au‐Mo‐As in soil anomaly. Supported by up to 7% Cu and 7g/t Au in rock‐chip samples 10
Slide 11: Multiple Cu and Cu-Mo veining events at Mars = porphyry copper discovery
Multiple Cu and Cu‐Mo veining events at Mars = porphyry copper discovery Noticeable increase in mineralisation intensity below 300m depth, with copper more prevalent than iron 11
Slide 12: Mars discovery: highly encouraging grades, hole ended in mineralisation
Mars discovery: highly encouraging grades, hole ended in mineralisation 3-D drill hole visualisation of copper, gypsum From (m) To (m) Interval (m) Cu % Au ppm Mo ppm 308.02 410.09 102.07 0.22% 0.07 20 incl 322.02 329.02 7.00 0.32% 0.10 6 and 347.86 384.09 36.23 0.26% 0.08 43 incl 355.85 384.09 28.2
Slide 13: Saturn porphyry Cu-Au target; 3D modelling highlights scale + geometry
Saturn porphyry Cu‐Au target; 3D modelling highlights scale + geometry Zackly Interpreted to be a cluster of magnetic, oxidized intrusions surrounded by intense alteration/magnetite destruction deposit Nearby skarn mineralization (Zackly) as proof of magmatic‐hydrothermal Saturn process target
Slide 14: Saturn Drilling Summary – deep holes, intense clay alteration
Saturn Drilling Summary – 5 deep holes, intense clay alteration Drill Plan on Magnetic Data Drill Sections on IP Data B B’ A A’ B B’ 19SAT001 at 332m depth. Argillic alteration overprinting brecciated andesite. 14
Slide 15: Saturn interpretation indicates nearby porphyry intrusion is likely
Saturn interpretation indicates nearby porphyry intrusion is likely Schematic porphyry alteration zonation Interpretation of the 7,008,370N cross‐section suggests potential porphyry source off‐section (south and/or east of section) Overprinted advanced argillic ? A 0km A A A A A A 1km Argillic Mirro
Slide 16: Gravity survey confirms porphyry target (density low) to south
Gravity survey confirms porphyry target (density low) to south Most intense clay alteration in 19SAT001, 19SAT002 provides vector towards target Gravity low may represent Co‐incident magnetic high and intrusive body = porphyry target gravity low = High‐priority target Bouguer Gravity plotted over RT
Slide 17: Concluding Statements
Concluding Statements Big holding of high quality, advanced projects in a TIER 1 jurisdiction – early exploration risk has been removed Potential for rapid near‐term resource expansion and longer term discovery growth Near‐term upside from the 100% owned high‐grade Zackly Cu‐Au deposit, more d
Slide 18: Appendix 1: Experienced management team with track-record
Appendix 1: Experienced management team with track‐record A Chartered Accountant with over 25 years’ direct experience in developing resource companies. A founding director of Gilt-Edged Mining MARK BOJANJAC Limited which discovered East Kundana, one of Australia’s highest grade gold mines and manag
Slide 19: Cautionary Statements
Cautionary Statements This presentation has been prepared by PolarX Limited (“PolarX”) 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 PolarX or as an inducement to make