Union Star Metals Ltd · ASX:USM
Union Star Metals — PVW Resources — Investor Presentation (June 2022)
34 slides from Union Star Metals's investor presentation, June 2022
Slide 1: Closing-in on Australia's Next Rare Earths Discovery
ASX: PVW RIGHT PLACE, RIGHT TEAM, RIGHT TIME: CLOSING-IN ON AUSTRALIA’S NEXT RARE EARTHS DISCOVERY Pivotal exploration campaign underway at the Tanami Heavy REE and Gold Project Investor PVW RESOURCES Presentation JUNE | June 2022 2022 | George Bauk, Executive Director
Slide 2: Disclaimer
DISCLAIMER PVW Resources ACN 124 541 466 confirms that it is not aware of any new information or data that materially affects the information included in the original market This document is neither a prospectus nor an offer to subscribe announcements and that that all material assumptions and for S
Slide 3: A Diversified, Well-Funded Explorer
A DIVERSIFIED, WELL-FUNDED EXPLORER Unlocking new Rare Earths and gold discoveries ► Specialist team with proven track record of Rare Earth Elements (REE) discovery and development ► Focused on the greenfields Tanami REE Project, NT: – 18km long corridor with strong potential for a major new unconfo
Slide 4: Corporate Overview
CORPORATE OVERVIEW Shares Share Market Cash on issue price capitalisation at bank* 96,335,413 32 cents $30.8m +$10m Share price performance (ASX:PVW) Top shareholders Top 100 own 67.31% Jason Peterson 5.88% Board 5.47% Lind Partners 4.03% Other 84.62% 0 20 40 60 80 100 PVW RESOURCES JUNE 2022 * Foll
Slide 5: Board and Management
BOARD AND MANAGEMENT DAVID WHEELER GEORGE BAUK COLIN MCCAVANA NON-EXECUTIVE CHAIRMAN EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR • David has more than 30 years of Senior Executive Management, • An experienced executive/director with 30 years in the resources • Colin has over 40 years’ experience in th
Slide 6: Right Place – Tanami REE and Gold
RIGHT PLACE – TANAMI REE AND GOLD Large-scale discovery potential in Australia’s new Heavy Rare Earth province PVW RESOURCES |JUNE JUNE2022 2022
Slide 7: Tanami – An Emerging Heavy Rare Earths Province
TANAMI – AN EMERGING HEAVY RARE EARTHS PROVINCE ► ~1,270km2 project area with historical REE and gold results – but minimal modern exploration ► PVW commenced field programs in August 2021 at Castella (previously Killi Killi East) and Watts Rise prospects ► Potential for extensive hydrothermal uncon
Slide 8: Key Ingredients for Discovery Success
KEY INGREDIENTS FOR DISCOVERY SUCCESS … An unconformity-related HREE deposit Browns Range Model must have … ► The right stratigraphic setting: – Unconformity between the Pargee Formation and the Killi Killi Formation is the main host and control on mineralisation at Browns Range and Castella ► The r
Slide 9: 18km Corridor of the Right Stratigraphy
18KM CORRIDOR OF THE RIGHT STRATIGRAPHY Watts Rise-Castella trend – U/Th radiometric anomalies ► REE regional exploration program to focus on the area between Watts Rise and Castella (Killi Killi East) ► Re-processing and interpretation of airborne radiometric and magnetic data reveal potential new
Slide 10: Right Style of Heavy REE Mineralisation
RIGHT STYLE OF HEAVY REE MINERALISATION Boots on the ground are paying off ► Rock chip and soil sampling, ground radiometrics, geological mapping and re-processing of airborne geophysics completed in second half of 2021 ► Rock chip assays of up to 12.45% TREO, with 25 of 37 samples returning assays
Slide 11: The Right Plumbing System
THE RIGHT PLUMBING SYSTEM 2021 field program reaps rewards, highlighting prospectivity of Watts Rise – Castella Trend ► Soil sampling results delineate large drill target area at Castella ► Soil sampling also identifies multiple drill targets at Watts Rise ► Regional soil sampling results support pr
Slide 12: Key Ingredients Identified, Drilling to Commence in June
KEY INGREDIENTS IDENTIFIED, DRILLING TO COMMENCE IN JUNE 2022 program Initial program of 10,000m RC and 25,000 air-core drilling targeting REE mineralisation plus gold ► Heritage Survey: JUNE ► RC and Aircore drilling at Castella (Killi Killi East) and Watts Rise: JUNE–AUGUST ► Aircore drilling alon
Slide 13: Tanami – Under-Explored Gold Province
TANAMI – UNDER-EXPLORED GOLD PROVINCE Callie gold deposit, Newmont (Reserve 33.2Mt @ 5.3g/t Au) is an example of the potential within the Tanami. It is one of the most productive gold mines in Australia. Discoveries pending… ► PVW's tenure straddles prospective stratigraphy and structure ► Majors ha
Slide 14: Tanami – Poised for a New Gold Discovery
TANAMI – POISED FOR A NEW GOLD DISCOVERY Limited and ineffective previous exploration ► Historic (2010-2012) RC drilling Au intercepts at Watts Rise: – 12m @ 2.94g/t Au from surface – 12m @ 1.50g/t Au from 44m – 16m @ 2.48g/t Au from 60m – 5m @ 6.99g/t Au from surface ► Watts Rise – Au intercepts in
Slide 15: Right Team, Right Time for Rare Earths
RIGHT TEAM, RIGHT TIME FOR RARE EARTHS Ideal timing to discover and develop new independent sources of supply PVW RESOURCES |JUNE JUNE2022 2022
Slide 16: Rare Earths Are Critical to Many Industries
RARE EARTHS ARE CRITICAL TO MANY INDUSTRIES ► Underpins the best technology for ► Permanent magnets are essential to critical permanent magnets defence technology ► Permanent magnets are a critical ► Tanami region currently hosts a critical component of the EV future: deposit and processing facility
Slide 17: Bringing Balance to the Global Supply Chain
BRINGING BALANCE TO THE GLOBAL SUPPLY CHAIN ► China’s dominance in supply of Heavy REE is over 99% ► Rising geo-political tensions ► Need for ‘green’ production of Heavy REEs — Current production is from Chinese Ionic Clays, which require large quantities of ammonium sulphate for in-situ leaching ►
Slide 18: A Team of REE Experts
A TEAM OF REE EXPERTS Our REE experts, who were involved in the discovery of the Browns Range REE deposits and led Northern Minerals’ from greenfields exploration to production, are ready to do it again, differently. George Bauk, former Northern Robin Wilson, former Northern Colin McCavana, founder
Slide 19: Early-Stage Similarity to Northern Minerals Journey
EARLY-STAGE SIMILARITY TO NORTHERN MINERALS JOURNEY, EXPLORATION THE KEY TO UNLOCK VALUE Sighter PVW Rock Chip Samples Mineralogy Met Testwork Exploration 2022 Oct 2021 Dec 2021 commenced Dec 2021 ~ 10,000M RC ~ 25,000 Aircore Sighter Sold First HRE Rock Chip Maiden Resource Revised Resource Mineral
Slide 20: It's Xenotime!
IT’S XENOTIME! ► Mineralogy study has confirmed heavy rare earths are related to the rare earth mineral xenotime (similar to Northern Minerals’ Browns Range project, ~90km north) ► Heavy rare earths comprise on average 80% of TREO for rock chip samples >1% TREO ► Sighter metallurgical testwork under
Slide 21: Other Projects
OTHER PROJECTS Exploring in Tier-1 Jurisdictions PVW RESOURCES JUNE JUNE2022 2022 21
Slide 22: Project Pipeline
PROJECT PIPELINE 3. Leonora Region Top 10 most prospective Au region globally and over 12 million Au ounces 4. West Yilgarn Region produced Ballinue Project is located in the • Jungle Well & Brilliant Well Projects Ni-Cu-PGE province that hosts • Small gold resource at Jungle Well with Chalice’s Jul
Slide 23: PVW – Key Takeaways
PVW – KEY TAKEAWAYS ► Tanami Heavy REE project has all the ingredients to be a company-making, globally significant discovery ► Board and management team with first- hand experience in taking a greenfields REE discovery through to production – ready to do it again, differently ► Major drilling campa
Slide 24: Thank You
THANK YOU Scan here to join our mailing list PVW Resources Limited Contacts Level 3, 1138 Hay Street George Bauk West Perth WA, 6005 T: +61 (0)408 931 746 PO Box 300 E: george@totode.com.au West Perth WA, 6872 Media Enquiries – Read Corporate Nicholas Read T: +61 (0)419 929 046 pvwresources.com.au
Slide 25: Appendices
APPENDICES 25 PVW RESOURCES JUNE JUNE2022 2022
Slide 26: Permanent Magnet Supply Chain
PERMANENT MAGNET SUPPLY CHAIN CHINA DOMINATES Upstream Midstream Downstream Alloy and Metal Component End-use Exploration Mining Beneficiation Cracking Separation magnet making manufacture manufacture manufacture Intermediate Mixed Dy Oxide DyFe Metal Product Carbonate Tb Oxide Tb Metal PVW RESOURCE
Slide 27: Rare Earth Companies – Market Capitalisations
RARE EARTH COMPANIES – MARKET CAPITALISATIONS ASX Code Based on Market Capitalisations, 17 Mar 2022 PVW RESOURCES JUNE 2022 27
Slide 28: Case Study: Chalice Mining
CASE STUDY: CHALICE MINING (ASX:CHN) STARTED WITH A PORTFOLIO OF EXPLORATION ASSETS IN TIER 1 LOCATIONS AND ARE NOW A >A$3BN COMPANY Exploring for Tier 1 scale discoveries in frontier areas Tight Capital Structure Targeting big discoveries in underexplored provinces in Australia Chalice stra
Slide 29: Kalgoorlie
KALGOORLIE New ground, results and targets PVW RESOURCES JUNE JUNE 2022 DECEMBER 2022 2021
Slide 30: Kalgoorlie – King of the West Exploring Under Cover
KALGOORLIE – KING OF THE WEST EXPLORING UNDER COVER King of The West auger +50ppb Au anomaly The main 2km long anomaly is 8km southeast from Golden Cities operations: Havana, Federal and Jakarta open pits. ► located over major structures, including the hinge-line which defines the Scotia – Kanowna A
Slide 31: Leonora
LEONORA Opportunities to grow and discover PVW RESOURCES JUNE JUNE2022 2022
Slide 32: Leonora – Significant Upside
LEONORA – SIGNIFICANT UPSIDE Brilliant Well Project, significant upside along underexplored greenstone belt ► Brilliant Well Project – Regional Aircore and targeted RC. Reporting of results pending Jungle Well – continuous tenure over ~15km strike ► Jungle Well – open along strike and down dip ► Two
Slide 33: Ballinue
BALLINUE VTEM and Surface Sampling in 2022 PVW RESOURCES JUNE 2022
Slide 34: Ballinue – Ni-Cu-PGE Project
BALLINUE – NI-CU-PGE PROJECT PVW has made three exploration licence applications in the highly prospective West Yilgarn Ni-Cu-PGE Province. ► This area was target following continued success by numerous explorers such as Chalice Mining, Pursuit Minerals, Caspin Resources, Todd River Resources and De