Tungsten Mining Nl · ASX:TGN
Tungsten Mining Nl — Investor Presentation (October 2016)
38 slides from Tungsten Mining Nl's investor presentation, Oct 13, 2016
Slide 1: ASX Announcement
ASX Announcement Presentation - Progressing Towards Production (China Update) Emerging Australian tungsten developer, Tungsten Mining NL (ASX: TGN) (“Tungsten Mining” or “the Company”) is pleased to attach its updated Company Presentation titled “Progressing Towards Production”. We are also pleased
Slide 2: About Tungsten Mining
About Tungsten Mining Emerging Australian tungsten developer, Tungsten Mining NL is an Australian based resources company listed on the Australian Securities Exchange. The Company’s prime focus is the exploration and development of tungsten projects in Australia. Tungsten (chemical symbol W), occurs
Slide 3: Progressing towards Production
Progressing towards Production World-class Mt Mulgine Project in development Tungsten Mining NL: Investor Presentation October 2016
Slide 4: Disclaimer
Disclaimer This presentation includes certain statements that may be deemed ‘forward-looking statements’. All statements, other than statements of historical fact, that refer to any future production, resources or reserves, exploration results and events that Tungsten Mining NL (‘TGN’ or ‘the Compan
Slide 5: Investor Summary
Investor Summary • The Mt Mulgine Project is comparable to the top 20 largest Chinese scheelite mines making it one of the world's largest undeveloped tungsten deposits1. • Located in the Mid West region of Western Australia, surrounded by the Karara Mine (Gindalbie Metals Ltd/Ansteel Group Corporat
Slide 6: Tungsten Mining NL
Tungsten Mining NL Tungsten Mining NL (ASX:TGN) is an emerging Australian tungsten company listed on the Australian Securities Exchange. The Company's prime focus is to develop its flagship Mt Mulgine Project located in Western Australia. Image above: Mt Mulgine trial shaft sunk to collect bulk samp
Slide 7: Company Overview: TGN Share Price and Capital Structure
Company Overview Top Shareholders Capital Structure (ASX:TGN) TGN top 20 shareholders hold up to Ordinary Shares: 207,315,992 79% interest in the company, of which GWR Group Ltd holds 13.28%1. Market Capitalisation: A$13.2M Cash as at 30 June 2016: A$1.56M About GWR Group Ltd GWR Group Ltd is a well
Slide 8: Board and Management
Board and Management Gary Lyons, Non-Executive Chairman Mr Lyons is a successful and well respected Perth based businessman and is a shareholder and Managing Director of the Heiniger Groups Australasian operations – a position he has occupied for the last 25 years. Mr Lyons occupies a number of publ
Slide 9: Project Portfolio
Project Portfolio • Tungsten Mining NL has an established a portfolio of advanced tungsten (scheelite) projects: • Mt Mulgine • Big Hill • Kilba • The flagship Mt Mulgine Project is located in the Mid West region of Western Australia, approximately 350km northeast of Perth. • Mt Mulgine Project has
Slide 10: Mt Mulgine Tungsten Project
Mt Mulgine Tungsten Project Drill Rig Image: Mulgine Hill in mid-ground in front of Mt Mulgine
Slide 11: Mt Mulgine: Introduction
Mt Mulgine: Introduction • The Mt Mulgine Project consists of two scheelite deposits: Mulgine Trench and Mulgine Hill. • Tungsten Mining NL retains 100% interest in the tungsten and molybdenum exploration and extraction rights. • Mining Lease (M59/425) granted through to October 2024. The mining lea
Slide 12: Located in a Mining Province
Located in a Mining Province World-class base • Mt Mulgine Project is located in an area of mining metals mine exploitation. The Gindalbie Metals Ltd/Ansteel Karara magnetite mine is located 20km west of Mt Minjar Gold Project Mulgine and MMG Ltd Golden Grove base metals mine is located 50km north.
Slide 13: Mt Mulgine: History
Mt Mulgine: History Ownership/JV Exploration Minefields Exploration NL 1970 - 1976 Diamond drilling (276 holes totalling 21,967m) delineated Mulgine Hill and ANZECO JV 1976 - 1982 Mulgine Trench scheelite deposits. Follow- up bulk sampling, metallurgical test work and feasibility studies. Minefields
Slide 14: Mt Mulgine: History
Mt Mulgine: History Ownership/JV Exploration RC drilling exploration targets. Metallurgical Vital Metals Ltd JV 2005 - 2010 test work on Mulgine Trench bulk sample. Diamond drilling (5 holes totalling 436m) at Mulgine Hill. Assayed samples from Minjar Hazelwood Resources Ltd 2010 - 2015 drill holes
Slide 15: Mt Mulgine: History
Mt Mulgine: History Metallurgical test work completed by Minefields Exploration NL/ANZECO JV • At Mulgine Hill, 100 tonne bulk sample collected underground from shaft 2 and shaft 3 with a grade of 0.45% WO3, 5.1% CaF2, 0.021% Cu and 3g/t Ag. Metallurgical test work by Svenskt Stahl in Sweden involve
Slide 16: Mt Mulgine: Mineral Resource Statement
Mt Mulgine: Mineral Resource Statement Mt Mulgine Project has an Indicated and Inferred Mineral Resource Estimate of approximately 72.2Mt with an average grade of 0.18% WO3 containing about 126,420 tonnes of tungsten metal (JORC 2012 compliant, cut-off grade at 0.10% WO3). Mulgine Trench, Mineral Re
Slide 17: Mt Mulgine: Mineral Resource Location Plan
Mt Mulgine: Mineral Resource Location Plan 23,972 metres of drilling (305 drill holes) has been completed at the Mt Mulgine Project and JORC 2012 compliant Mineral Resource estimates for the Mulgine Hill and Mulgine Trench scheelite deposits. Both deposits are located near surface. Exploration poten
Slide 18: Mulgine Hill Drill Core Sample Showing Coarse Grain Scheelite
Mulgine Hill Drill Core Sample Showing Coarse Grain Scheelite (UV light)
Slide 19: Mt Mulgine compared to largest 80 tungsten mines
• • • • Contained Metal WO3 (tonnes) 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 Shizhuyuan Nannihu Xintianling Xingluokeng Xianglushan Ta'ergou Yaogangxian Sandaozhuang Largest 80 tungsten mines Yanglinao Damingshan Mt Mulgine Cuihongshan Jubankeng Huangshaping Piaotang Xushan
Slide 20: Mt Mulgine compared to PRC tungsten deposits
Mt Mulgine compared to PRC tungsten deposits 1.00% Xushan 0.80% Xianglushan Zhuantouao Taergou WO3 Grade(%) 0.60% Jubankeng Yanglinao Xintianling 0.40% Cuihongshan Yaogangxian Huangshaping Shizhuyuan Xiatongling 0.20% Damingshan Xingluokeng Yangchuling Mt Mulgine Piaotang Nannihu Sandaozhuang Shanhu
Slide 21: Mt Mulgine: Geology
Mt Mulgine: Geology Tungsten-molybdenum mineralisation at Mt Mulgine is associated with the Mulgine Granite – a high-level leucogranite forming a 2km stock intruding the Mulgine anticline. The granite intrudes a greenstone sequence composed of micaceous schists, amphibolite and talc- chlorite schist
Slide 22: Mulgine Hill: Drill Programme 2016
Mulgine Hill: Drill Programme 2016 During August 2016, a total of 26 RC holes for 1,007m and five diamond holes for 202.4m were completed to test shallow tungsten mineralisation within 40 metres of the surface and obtain core for metallurgical test work. Drilling at Mulgine Hill intersected : • 17 m
Slide 23: Diamond Drill Rig at Mulgine Hill
Diamond Drill Rig at Mulgine Hill
Slide 24: Mulgine Trench: Drill Programme 2016
Mulgine Trench: Drill Programme 2016 During August 2016, a total of 9 RC holes for 476m and one diamond hole for 31.6m were completed to test shallow tungsten mineralisation adjacent to and beneath the Bobby McGee pit and obtain core for metallurgical test work. Drilling at Mulgine Trench intersecte
Slide 25: RC Drill Rig at Mulgine Trench
RC Drill Rig at Mulgine Trench. Geologist inspecting samples
Slide 26: Mt Mulgine: Strategic Development Plan
Mt Mulgine: Strategic Development Plan Targeting production facility capable of producing saleable concentrate and by-products from Mulgine Hill by end 2018. In order to achieve this target the Company will undertake the following measured approach: Drilling Phase 1 RC and PQ diamond drilling in pro
Slide 27: Mt Mulgine: Strategic Development Plan
Mt Mulgine: Strategic Development Plan Tasks Sep 16 Dec 16 Mar 17 Jun 17 Sep 17 Dec 17 Mar 18 Jun 18 Geology and resource development Metallurgy Engineering Pilot Scale Test work Project management, permitting and approvals Marketing and Commercial Mining
Slide 28: Big Hill and Kilba Projects
Big Hill and Kilba Projects Big Hill Project The Big Hill Project area is located approximately 30 km northeast of the Nullagine township in the Eastern Pilbara of Western Australia. The project contains the Big Hill deposit where 22,871 metres of diamond and RC drilling have defined a JORC 2012 Min
Slide 29: Australia and China Diplomatic and Trade Relations
Australia and China Diplomatic and Trade Relations Image: Peng Liyuan holding an Australian wombat with President Xi Jinping, Australian Governor General looks on
Slide 30: PRC and Australia Diplomatic & Trade Relations
PRC and Australia Diplomatic & Trade Relations Image: September 4, 2016, President Xi Jinping met Australian Prime Minister Malcolm Turnbull in Hangzhou to attend the G20 summit. China and Australia since December 21, 1972 have established diplomatic ties and bilateral relations have developed smoot
Slide 31: PRC Investment in the Australian Mining Industry
PRC Investment in the Australian Mining Industry The Canadian Fraser Institute Organisation through over 109 countries and territories compiled a comprehensive survey over 17 aspects of mining investment around the world. The survey was weighed by “Mining Investment Policies” as 40% and “Mining Pote
Slide 32: Contact us
Contact us Address: 97 Outram Street Perth, Western Australia, Australia Postcode: 6005 Phone: +61 8 9486 8492 Fax: +61 8 9322 2370 Email: info@tungstenmining.com Craig Ferrier Chief Executive Officer Phone: + 618 9486 8492 Email: craig.ferrier@tungstenmining.com
Slide 33: Appendix 1: Mineral Resource Statement
Appendix 1: Mineral Resource Statement Mulgine Trench, Mineral Resource Estimate (JORC 2012, cut-off 0.10% WO3) Contained Metal Mo Grade Contained Metal Category Tonnes (Mt) Grade WO3 (%) MTU WO3 (W03 tonnes) (ppm) (Mo tonnes) Indicated 0.4 0.14 50,000 500 400 160 Inferred 63.4 0.17 11,050,000 110,5
Slide 34: Appendix 2: Neighbouring Miners
Appendix 2: Neighbouring Miners Shandong Tianye Group Shandong Tianye Mining Co., Ltd (a subsidiary of Shandong Tianye Group) was set up in 2007. It has mining experts and production management team. The foundation of mining division was established by expanding domestic and overseas projects. In 20
Slide 35: Appendix 3: Top 80 PRC Tungsten Mines
Appendix 3 Top 80 PRC Tungsten Mines Tungsten Mine Resource (t) WO3 Grade (%) Contained Metal (t) 41 Situpu 1,963,801 1.11% 21,700 1 Shizhuyuan 200,552,326 0.34% 689,900 42 Pangushan 1,118,110 1.91% 21,300 2 Nannihu 422,307,692 0.12% 494,100 43 Qinqishafa 3,365,079 0.63% 21,200 3 Xintianling 81,918,
Slide 36: Appendix 4: TGN Top 20 Shareholders
Appendix 4 TGN Top 20 Shareholders Shareholder No. Shares Percentage (%) 1 HSBC Custody Nominees Australia Ltd 35,363,142 13.37 2 GWR Group Limited 35,000,000 13.28 3 Citicorp Nominees Pty Ltd 33,645,575 12.76 4 Elmar Global Investments Limited 11,200,175 4.25 5 Reynaud International Ltd 11,006,100
Slide 37: Appendix 5: Tungsten Concentrate Price
Appendix 5: Tungsten Concentrate Price In recent years, the price for tungsten 65% WO3 Concentrate Price History (2001-2016) 160,000 concentrate has decreased, however in 2016 in order to boost market 65% Wolframite Concentrate Price (RMB/tonne) 140,000 confidence the Chinese government 120,000 as w
Slide 38: Appendix 6: Tungsten Applications
Appendix 6: Tungsten Applications • Tungsten concentrate is used to produce tungsten metal, tungsten carbide, tungsten alloys and other compounds. • Tungsten unique properties means limited or no substitution from other metals. • Tungsten plays a critical role in industrial engineering and extractiv
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