Hammer Metals Limited · ASX:HMX
Hammer Metals — Investor Presentation (August 2014)
26 slides from Hammer Metals's investor presentation, Aug 22, 2014
Slide 1: Mount Isa Project
For personal use only HAMMER METALS LIMITED ABN. 87 095 092 158 MOUNT ISA PROJECT August 2014
Slide 2: Contents
CONTENTS For personal use only Slide 1 Corporate Summary Slide 15 Ground Selection and Targeting Slide 2 Queensland Portfolio Summary Slide 16 Exploration Approach Slide 3 Mount Isa Project Overview Slide 17 Target Pyramid Slide 4 Strategy Slide 18 Western IOCG Corridor Slide 5 Kalman District Hub S
Slide 3: Corporate Summary (August 2014)
CORPORATE SUMMARY (AUGUST 2014) For personal use only Russell Davis Alex Hewlett Nader El-Sayed Patrick Corr Chairman Executive Director Director Director Technical Commercial Finance Legal August 2014 Shareholders with greater than 5% of shares on issue Ordinary Shares 71,005,107 Santana Minerals L
Slide 4: Queensland Portfolio Summary
QUEENSLAND PORTFOLIO SUMMARY For personal use only COPPER + GOLD + MOLYBDENUM Queensland, Australia 1950Km2 320Km2 Mount Isa Region Mount Morgan Region Golden Peaks HAMMER METALS LTD | 2
Slide 5: Mount Isa Project Overview
MOUNT ISA PROJECT OVERVIEW For personal use only Major land position (2000km2) located in the Mount Isa province “sandwiched” between several major players including; • Glencore (Mount Isa, E1, George Fisher, Ernest Henry). • BHP Billiton (Cannington). • Chinova Resources (Osborne, Merlin, Mt Elliot
Slide 6: Strategy
STRATEGY For personal use only Corporate Strategy: • Develop a mining hub centred on Kalman. • Define resources within a truckable distance of Kalman. • Focus on base and precious metals in the globally significant Mount Isa mining district; • Pursue further consolidation, focussing on the central t
Slide 7: Kalman District Hub
KALMAN DISTRICT HUB For personal use only Objective: To create a mining hub centred on the Kalman deposit. How: To define a number of resources within close trucking distance of Kalman. Priority Targets • Kalman Extensions • Serendipity • Overlander • Python • Kalman Andy’s Hill 60Mt• Copper/Moly/ P
Slide 8: Kalman Resource
KALMAN RESOURCE For personal use only Kalman Deposit Mineral Resource Estimate (Reported at 0.3% CuEq cut-off above 100m RL and 1.0% CuEq cut-off below 100m RL) Mining Tonnes CuEq Classification Method (t) (%) Inferred Open Pit 22,000,000 1.1 Inferred Underground 8,300,000 1.9 TOTAL 30,000,000 1.3 -
Slide 9: Kalman Upside
KALMAN UPSIDE For personal use only Multiple areas for the current resource to be extended, key areas include; • Northern Fault offset target. • High grade Cu open at depth and to South (including 9m @ 20%Cu, 0.47g/tAu from 581m). • High grade Mo open at depth and to south. • Anomalous Cu and Mo geo
Slide 10: Kalman Deposit
KALMAN DEPOSIT For personal use only HAMMER METALS LTD | 8
Slide 11: Kalman High Grade Zones
KALMAN HIGH GRADE ZONES For personal use only • High grade copper-gold: – 7.6m at 23.4% Cu, 0.5g/t Au & 20g/t Ag from 581.65m in K106A – 77m at 1.4% Cu & 1.3g/t Au from 700m in K106A – 25m at 3.8% Cu & 0.94g/t Au from 712m in K106C • High grade molybdenum-rhenium: – 51m at 0.58% Mo & 15.1g/t Re from
Slide 12: Overlander Resources
OVERLANDER RESOURCES For personal use only • Preliminary RC Drilling has identified zones of high grade Cu with Co from surface. • 6km of strike. • 6km West of Kalman. • Large IOCG potential. Overlander North + South (Combined) July 2014 Mineral Resource Estimate (0.7% Cu Cut-off) Tonnes Cu Co Cu To
Slide 13: Overlander Deposit
OVERLANDER DEPOSIT For personal use only Better drillhole intercepts include: • 14m @ 2.62% Cu from 76m in OVRC003 • 10m @ 1.45% Cu from 63m in OVRC001 • 9m @ 2.58% Cu from 49m in OVRC004 • 7m @ 2.24% Cu from 121m in OVRC012 • 12m @ 1.2% Cu from 31m in OVRC010 • 8m @ 1.41% Cu from 38m in OVRC017 • 7
Slide 14: Exploration Objective
EXPLORATION OBJECTIVE For personal use only Make a new large near-surface, copper-gold discovery. Glencore’s Ernest Henry Mine HAMMER METALS LTD | 12
Slide 15: Identifying Priority Prospects
IDENTIFYING PRIORITY PROSPECTS For personal use only Many exposed copper-gold occurrences present. New deposits may not be obvious – buried under younger barren cover or within a more extensive alteration zone. Therefore how to effectively identify and rank prospects a key objective: 1. Combined con
Slide 16: Available Digital Datasets
AVAILABLE DIGITAL DATASETS For personal use only • Regional gravity – defines regional controlling structures and lineaments. • Regional airborne magnetics and radiometrics (200m line spacing) – defines structures, major rock units, sites of greater magnetite concentration, uranium concentrations. •
Slide 17: Ground Selection & Targeting
GROUND SELECTION & TARGETING For personal use only 1. Economic target deposits are present in district 3 2. Evidence of target mineralisation within tenement holding 3 3. Essential criteria present for economic IOCG’s and/or shear hosted copper-gold deposits. – Large alteration zones associated with
Slide 18: Exploration Approach
EXPLORATION APPROACH For personal use only • Prospect areas defined and prioritised on basis of existing exploration information. • Ground and/or detailed airborne geophysics to identify and define drilling targets – IP – Gravity – Magnetics • Mapping of alteration and geology. • Geochemical samplin
Slide 19: Target Pyramid
TARGET PYRAMID For personal use only HAMMER METALS LTD | 17
Slide 20: Western IOCG Corridor
WESTERN IOCG CORRIDOR For personal use only • Large IOCG System extending from Mt Philp in the North all the way to Andy’s Hill in the South. • Significant Cu, Au and Rare Earth mineralisation in drilling (refer to IOCG ASX announcement 20/05/2014). • Next step in exploration to best define drill ta
Slide 21: Hammer Time
HAMMER TIME For personal use only • Coincident soil geochemistry (Cu and Au) and IP anomaly. • 3.4km in length and 1km in width. • Prospect crosses the tenement boundary with Glencore Copper. • Glencore actively exploring. HAMMER METALS LTD | 19
Slide 22: Pelican
PELICAN For personal use only • Kalman - style copper-gold in previous drilling. • 3km South of and directly along strike from Kalman. • Open-pit potential. • RC drill results include: – 10m at 1.44% Cu + .37g/t Au from 15.5 in PN211 – 20m at 1.1% Cu & .36g/t Au from 28m in PN250C HAMMER METALS LTD
Slide 23: Pindora South
PINDORA SOUTH For personal use only • Systematic rockchips over 950m averaging 3%Cu and 0.6g/tAu. • 5.5Km South East of Kalman. • Along strike of Pindora copper mine. • RC Drilling proposed to test Cu, Au anomaly. HAMMER METALS LTD | 21
Slide 24: Tiny Boot
TINY BOOT For personal use only • 250m copper gossan at surface. • 1.6Km along strike from Chinalco Ltd’s new discovery “Elaine no 3”. • 5km south of CopperChem Ltd’s Mount Colin. • 25Km North from Kalman. • VTEM survey planned. HAMMER METALS LTD | 22
Slide 25: Disclaimer & Competent Person Statements
DISCLAIMER & COMPETENT PERSON STATEMENTS For personal use only Disclaimer Overlander North + South Resource Estimate This presentation by its nature contains summarised Mr Downing consents to the inclusion in the report of the Where the Company refers to the Overlander North + South information. See
Slide 26: Notes on Copper Equivalence Calculation
NOTES ON COPPER EQUIVALENCE CALCULATION For personal use only Copper equivalent (CuEq) grades were calculated using estimated block grades for Cu, Au, Ag, Mo and Re. The CuEq calculation is based on commodity prices and metallurgical recovery assumptions as detailed in this release. Prices agreed to