Enterprise Metals Limited · ASX:ENT
Enterprise Metals — Investor Presentation (June 2010)
41 slides from Enterprise Metals's investor presentation, Jun 1, 2010
Slide 1: Exploration Update Presentation to Investors
ACN: 123 567 073 Exploration p Update p Presentation to Investors 1 JUNE 2010
Slide 2: Disclaimer
Disclaimer This document has been prepared by Enterprise Metals Ltd (“Enterprise” or “the Company”} to provide an update of the Company to investors and potential new shareholders. This presentation should be read in conjunction with other public announcements and reports (including financial report
Slide 3: Substantially Increase Shareholder Value
Substantially Increase Shareholder Value….. “Substantially Value ” By “di “discovery and/or d/ acquisition i i i under d safe f title il of large & highly profitable Deposits of iron ore, gold, ld bbase metals l & uranium…..” i ” within “the Archaean Yilgarn Craton and surrounding Proterozoic Basins
Slide 4: Issued Capital
Issued Capital: 111.97 111 97 M shares Options: 15.28 M @ 25 cents (20/06/12) 3 00 M @ 25 cents (22/11/12) 3.00 2.50 M @ 50 cents (30/06/13) Share price: $0 175 (close 31 May 2010) $0.175 Market Capitalisation: $19.6 million Cash at bank: $2.94 million @ 31 March 2010 ENTERPRISE METALS LTD 1 JUNE 20
Slide 5: Corporate Structure
CORPORATE STRUCTURE ENTERPRISE METALS LTD Enterprise Iron Enterprise Enterprise P/L Uranium P/L Gold P/L Murchison Amiable GlintanP/L Exploration Holdings P/L P/L / Enterprise Exploration P/L
Slide 6: Strong Management Team
STRONG MANAGEMENT TEAM Paul Larsen ‐ Non Executive Chairman ¾ Successful private company director ¾ 26 years experience in construction, management & major projects Dermot ermot Ryan ‐ Managing Director irector FAusIMM, us ,CCP (Geo) ¾ Geologist with 33 years multi‐commodity experience ¾ 20 years CR
Slide 7: Exploration Expertise
EXPLORATION EXPERTISE “experienced contractors…..” GEOLOGY GEOPHYSICS ¾ Dermot Ryan ¾ Bill Robertson ¾ Hugh Bunge GEOCHEMISTRY ¾ Vic Williams ¾ Oliver Robertson ¾ Frank Doedens GIS/DATABASE ¾ Bryan Rae ¾ Peter P Litic Li i ¾ Alex Parker ¾ Brett Scott
Slide 8: Iron Ore, Uranium, Gold, Base Metals Projects
Iron Ore Uranium Cunderdin Yalgoo Burgess Byro Sylvania y Darlot Booylgoo Eucla Earaheedy Gold Base Metals Wattagee Doolgunna Yandal Eucla (Cu/Au?) Darlot Wattagee (Cu/Zn) ENTERPRISE METALS LTD 1 JUNE2010
Slide 9: Strategy: Iron Ore 2010 Action Plan
Strategy ¾Acquire and drill test high quality empirical or conceptual p targets g in areas of excellent infrastructure, with focus on Direct Shipping Ore (“DSO”) 2010 Action Plan l ¾Drill test Cunderdin magnetic targets (Archaean) ¾Drill test Burgess magnetic targets (Archaean) ¾Mapping at Booylgoo
Slide 10: Deposit Type: Iron Ore Deposits in Region
Deposit Type Mt Fe% Operator Shay Gap‐Sunrise Mined + Resource 217 62.7 BHPB Wil Wiluna West W t R Resource 126 59 0 59.0 G ld W Golden Westt Koolyanobbing Resource 53 63.5 Cliffs Mt Webber Resource 40 57.3 Giralia Carina Resource 26 58.9 Polaris Mt Gibson (Ext Hill) Resource 23 59.8 Mt Gibson Mt Ca
Slide 11: ENTERPRISE METALS LTD 1 JUNE 2010
ENTERPRISE METALS LTD 1 JUNE 2010
Slide 12: ENTERPRISE METALS LTD 1 JUNE 2010
ENTERPRISE METALS LTD 1 JUNE 2010
Slide 13: ENTERPRISE METALS LTD 1 JUNE 2010
ENTERPRISE METALS LTD 1 JUNE 2010
Slide 14: No outcrop, deeply weathered terrain, wheat paddocks, private land
(100%) No outcrop, deeply weathered terrain, wheat paddocks, private land, no Native Title. Detailed 200m line spaced p magg survey completed. 100km of linear magnetic anomalism defined, potentially quartz‐magnetite (Bif). Magnetic lows may represent deep weathering and hematite. Access for
Slide 15: 1st Vertical derivative magnetic image
(100%) 1st Vertical derivative magnetic image Blue: total magnetic intensity Red: gravity profile ENTERPRISE METALS LTD 1 JUNE 2010
Slide 16: Little outcrop, deeply weathered terrain, historical RAB holes
(part under Option, part 100%) Little outcrop, deeply weathered terrain, but historical RAB holes intersected Bif and hematite. Onlyy 400m line spaced p aeromagnetic survey available. 10’s km of linear magnetic anomalism defined, defined associated with subcropping and mapped Bif. Magnetic l
Slide 17: Historical mapping shows Bif
(100%) Historical mapping shows Bif. Only 400m line spaced aeromagnetic survey available. 20km of mapped Bif, but non‐ outcrop areas need drill testing for hematite/goethite DSO. DSO Awaiting grant of tenement. ENTERPRISE METALS LTD 1 JUNE 2010
Slide 18: Target: Channel Iron Deposit in Proterozoic sediments
(100%) Target: Channel Iron Deposit (“CID”) in Proterozoic sediments Proterozoic Bif’s in Nabberu Basin “Magnetic g channels” - aeromagnetics g suggest gg CID’s p present Tenement still in application. ENTERPRISE METALS LTD 1 JUNE 2010
Slide 19: Geology Magnetics: Proterozoic sediments
(100%) Geology Magnetics Target: Proterozoic sediments - hematite iron deposit, “Hamersley style” Drilling in adjacent tenement by Rio in Brockman Iron Formation ENTERPRISE METALS LTD 1 JUNE 2010
Slide 20: Massive hematite outcrop, south of Wyloo Group sediments
(100%) Massive hematite outcrop, south of Wyloo Group sediments ENTERPRISE METALS LTD 1 JUNE 2010
Slide 21: Strategy: Gold 2010 Action Plan
Strategy ¾Explore below known extensive oxide gold zones for high g grade g p primaryy ore 2010 Action Plan ¾ ¾Continue to drill d ll test Wattagee ¾Drill test Yandal Homestead ¾RAB and RC drilling at Darlot ENTERPRISE METALS LTD 1 JUNE 2010
Slide 22: Geology: Stockyard Creek Prospect
(100%) Geology Stockyard Creek Prospect Targets: Archaean orogenic Au deposit & VMS Cu/Zn deposits Covers prospective Archaean greenstone & felsic volcanics “Big Bell” style conceptual targets for gold along Cuddingwarra Shear Historical RC results of 4m @ 17.9g/t Au and recent RC results of 8
Slide 23: Gold and Base Metal targets, historic gold drilling results
(100% *) Gold and Base Metal targets Historic Gold drilling results on magnetics Excellent gold/base metal targets based on previous RAB drilling & structural interpretation * one tenement 80% owned Favourable stratigraphy, under-drilled ENTERPRISE METALS LTD 1 JUNE 2010
Slide 24: Popes Patch gold target
Popes Patch gold target Popes Patch cross section Hi t i l drilling Historical d illi with ith li limited it d ffollow ll up 1,500m x 1,500m gold system Excellent gold targets based on structure/ RAB IP survey required ENTERPRISE METALS LTD 1 JUNE 2010
Slide 25: Strategy: Base Metals 2010 Action Plan
Strategy ¾Explore favourable stratigraphy for extensive Cu/Pb/Zn or Cu/Au zones 2010 Action Plan ¾ ll test Wattagee VMS target ¾Drill ¾Drill test Eucla “IOCG” magnetic/gravity targets ¾Follow up soil/VTEM targets at Doolgunna ¾Soil sampling at Fraser Range ENTERPRISE METALS LTD 1 JUNE 2010
Slide 26: Magnetics and Prospects
(100%) Magnetics and Prospects AM 14 Base metal prospect Historical RC results encouraging eg. 3m @ 7.5% Zn, ENTERPRISE METALS LTD 1 JUNE 2010
Slide 27: Cu/Au? Ni/Cu? Fe? Eucla targets
Cu/Au? (100%) Ni/Cu? Fe? g , discrete & intense airborne Large, magnetic targets identified in DMP regional airborne survey data, 100 km ESE of Fraser Range at Balladonia Targets along major NE‐SW corridor on margin of Eucla Basin Potential for major iron oxide or iron sulphide (pyrrhotite) ac
Slide 28: Magnetics 1VD Gravity Profiles
Magnetics 1VD Gravity Profiles ENTERPRISE METALS LTD 1 JUNE 2010
Slide 29: Focus in 2009 was VTEM and drilling in Yerrida Basin
Focus in 2009 was VTEM and drilling on granted tenements in Yerrida Basin sediments. Focus in 2010 will be on Narracoota Volcanics in Bryah Basin, when tenements are granted.
Slide 30: 2010 exploration focus on Narracoota Volcanics
(100%) Soil geochemistry over 1st VD Magnetics 2010 exploration focus on Narracoota Volcanics NW of Goodin Fault Main Narracoota targets are Ruby Well, Lucky Dog and No. 2 Bore Tenement grant imminent
Slide 31: Geology Magnetics
(100%) Geology Magnetics Aeromagnetics define complex geology in Proterozoic orogenic zone Tenements now granted Soil sampling planned ENTERPRISE METALS LTD 1 JUNE 2010
Slide 32: Strategy: Uranium 2010 Action Plan
Strategy ¾Explore extensive airborne radiometric anomalies associated with calcrete and greenstone g 2010 Action Plan ¾ l and ¾Soil d Aircore drill d ll testing at Yalgoo l (calcrete) ( l ) ¾Aircore drill testing at Darlot (calcrete) ¾Soil and Aircore drill testing at Byro (calcrete) ¾Soil and Airco
Slide 33: ENTERPRISE METALS LTD 1 JUNE 2010
ENTERPRISE METALS LTD 1 JUNE 2010
Slide 34: Calcrete hosted uranium deposits
Calcrete hosted uranium deposits Soluble l bl Uranium sourced d from f granites Uranium (carnotite) precipitated in calcrete over greenstone belts after addition ddi i off Ca C andd V. ENTERPRISE METALS LTD 31 MAY 2010
Slide 35: Geology & Location Plan
Geology & Location Plan Strong St airborne ib radiometric di t i response associated with calcrete over Proterozoic basement (Byro) and Archaean greenstone (Yalgoo) Granted tenement at Yalgoo Byro y tenements still awaiting gggrant Stage 1: Soil sampling planned Stage 2: Aircore drilling t
Slide 36: Uranium Channel Image
(100%) Uranium Channel Image Strong St airborne ib radiometric di ti response associated with calcrete over Archaean greenstone Granted tenements. Soil sampling and aircore drilling p planned ENTERPRISE METALS LTD 1 JUNE 2010
Slide 37: RGB Radiometric Image
(100%) RGB Radiometric Image RGB Radiometrics Isometric projection Target: Calcrete hosted uranium deposit Strong airborne radiometric response with calcrete over Proterozic basement complex and Archaean greenstone Awaiting grant of tenement, soil sampling and aircore drilling planned ENTERPRISE
Slide 38: Strong analogy at Byro with Yeelirrie
Strong analogy at Byro with Yeelirrie, Australia’s largest calcrete hosted Uranium deposit @ 52,500 2 00 tonnes containedi d U3O8 (BHP Billiton) Billi ) ENTERPRISE METALS LTD 1 JUNE 2010
Slide 39: Target: Calcrete hosted uranium
(100%) Target: Calcrete hosted uranium , “Yeelirrie style” D Downstream t ffrom BHPB’ BHPB’s Y Yeelirrie, li i 52 52,500t 500t U3O8 Strong evidence in GSWA radiometric data Little previous drilling on Lake Darlot itself Enterprise soil sampling – max 164ppm U ENTERPRISE METALS LTD 1 JUNE 201
Slide 40: RGB Radiometrics Uranium Channel
(100%) RGB Radiometrics Uranium Channel Target: Unconformity/shear hosted uranium deposit Uranium occurrences at unconformity unconformity, overlying Sylvania Dome granite Strong airborne radiometric response associated with unconformity Previous work by CRA/PNC - max 0.52% U3O8 in calcrete
Slide 41: Reporting of Exploration Results
Reporting of Exploration Results The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dermot Ryan, a Fellow of the Australasian Institute of Mining & Metallurgy. Dermot Ryan is a Director of the Company and a geolog
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