Lunnon Metals Limited · ASX:LM8
Lunnon Metals — Investor Presentation (December 2021)
20 slides from Lunnon Metals's investor presentation, Dec 6, 2021
Slide 1: Lunnon Metals Investor Updates
LUNNON METALS LIMITED ABN: 82 600 008 848 INVESTOR UPDATES 6 December 2021 For personal use only BOARD/MANAGEMENT Presentation Mr Liam Twigger NON-EXECUTIVE CHAIRPERSON Mr Ian Junk Lunnon Metals Ltd Managing Director, Ed Ainscough will be completing a number of NON-EXECUTIVE DIRECTOR investor briefi
Slide 2: Right Team, Right Address, Right Assets, Right Timing
RIGHT TEAM >100yrs combined experience in district and commodities For personal use only RIGHT ADDRESS Globally significant nickel & gold camp 2021 Wrap 28 RIGHT ASSETS Ni December Investor Update 79 Under-explored, missed last Ni boom, no modern exploration for >25 yrs Au RIGHT TIMING Supportive en
Slide 3: Important Notice & Disclaimer
Important Notice & Disclaimer For personal use only This material in this presentation has been prepared by employees of Lunnon Metals Ltd (“LM8” or the “Company”) on its behalf. This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or publ
Slide 4: 2022 – Preparing for Success
2022 – Preparing for Success For personal use only Putting LM8 on a pathway to growth & re-rating 2021 goal was IPO, get drilling & hit NICKEL 2022: time to… ✓ Grow the Mineral Resource ASX:LM8 ✓ ECO-H/W growing our Mineral Resource, ✓ Warren – up and down plunge ✓ Historical Core Program in the hea
Slide 5: Lunnon Metals - Highlights
Lunnon Metals - Highlights For personal use only News Flow – multiple World renowned programmes across KNP nickel district Nickel Significant opportunity Aggressive discovery Assets got sold ✓ Significant Ni recorded, with the gold in confirms WMC drilling 2001 ✓ East Cooee emerges as a JORC Resourc
Slide 6: Corporate takeaway
Corporate takeaway For personal use only Capital structure Board & Management Shares on issue (#M) 141.2 - direct experience - commodity / assets / location St Ives (GFI) (#M) 44.7 Share price (2 Dec 21) ($) 0.34 Market capitalization ($M) 48.0 Broker/Mgt Options (#M) 5.28 Cash – Sept 30 2021 ($M) 1
Slide 7: Nickel sulphides – central to Kambalda
Nickel sulphides – central to Kambalda For personal use only Production^: Pre-WMC sale vs Total Life of Mine to date 4.3% 4.1% 3.9% 342 203 3.7% 3.5% Ni % 3.3% 467 101 674 3.1% 2.9% 196 2.7% 91 2.5% 2.3% 75 175 275 375 475 575 675 775 Nickel metal (kt) IGO – Long Shaft PAN – Lanfranchi MCR – Widgie/
Slide 8: ASX Nickel Peers
ASX Nickel Peers For personal use only Kambalda characteristics ✓ Grade high - often >3.00% Ni ✓ Capital “light”, nearby Nickel West Concentrator ✓ Record of longevity: organic growth Kambalda based JORC’12 Mineral Resource • MCR - 199kt Ni @ 3.8% Ni • LM8 - 39kt Ni @ 3.2% Ni 7 source: company metri
Slide 9: Adding Ni around the Cooee Anticline
Adding Ni around the Cooee Anticline ECO-H/W For personal use only 382000mE 386000mE Warren 211kt @ 3.1% Ni Drill out underway to better than 40m x 40m 6,532,000mN 6532000mN (6,400t Ni) East 6m massive within 12m (EC021RC042) Foster Portal Cooee 1m @ 7.44% Ni (113m) N 2m @ 3.46% Ni (136m) Warren Fos
Slide 10: Warren – filling in the “gaps”
Warren – filling in the “gaps” For personal use only WRN21DD_003 WRN21DD_001 Drill pierce points shown: see Appendix Slide 17 9
Slide 11: N75C – demonstrating the potential
N75C – demonstrating the potential For personal use only FOS21DD_003 Historical drilling: see Appendix Slide 17 10
Slide 12: Historical Core Program
Historical Core Program For personal use only Addresses WMC estimates • Started at Foster N75C • Multiple surfaces at Foster still to come 560m • Jan Shaft • Closed at depth of ~560m in 1986 • Yet to commence the program • Jan Deeps • Kicks off in 2022 Jan • Testing potential below the mine Deeps Re
Slide 13: East Trough – perseverance will pay
East Trough – perseverance will pay For personal use only Lessons from Warren Gaps = Opportunity = Ni Potential ▪ Fertile channels are hard to find ▪ Ni sulphides confirm prospectivity ▪ Rewards are worth perseverance 12 Image details: see Appendix Slide 17
Slide 14: ECO - H/W: rising to the top
ECO - H/W: rising to the top For personal use only Opportunity ✓Shallow: only ~100m- 150m deep ✓Close: only 300-400m to nearby open pit ✓Multiple sources: only further 350-400m to East Trough Reference: see Appendix Slide 17 13
Slide 15: ECO-H/W – prioritising
ECO-H/W – prioritising For personal use only Portable XRF ✓Improve turnaround ✓ Focus in on Ni bearing zones ✓ Limit number of samples dispatched ✓ Priority status ✓Drill plans ✓ Fine tune plan as we go ✓ Validation of targets ✓ Add holes – react, respond ✓ Target DDH for maximum impact Reference: s
Slide 16: LM8 – assets, in the heart of Kambalda
LM8 – assets, in the heart of Kambalda For personal use only Ni Kambalda Nickel Project Au 15
Slide 17: Contact Us
Contact Us For personal use only Suite 5/11 Ventnor Avenue West Perth, WA 6005 PO Box 470 West Perth WA 6872 Tel: (08) 9226 0887 www.lunnonmetals.com.au Driller, Jack Lunnon (far right) overlooking Lake Lefroy from north side of Red Hill: with local and WMC dignitaries at site of KD1, discovery hole
Slide 18: Appendices – ASX announcements referenced
Appendices – ASX announcements referenced For personal use only Disclaimer References in this presentation are made to certain previous ASX announcements, which in turn may have included exploration results and Mineral Resources. For full details, drill hole additional details and JORC Table 1 Secti
Slide 19: Appendices – Mineral Resource Statement
Appendices For personal use only Mineral Resource Statement Foster Mine Indicated Inferred Total Cut-off Shoot Tonnes % Ni Ni metal Tonnes % Ni Ni metal Tonnes % Ni Ni metal (Ni %) 85H 1% 387,000 3.3 12,800 300,000 1.3 3,800 687,000 2.4 16,600 Foster 1% 223,000 4.7 10,500 116,000 4.8 5,500 340,000 4
Slide 20: Competent Persons Statement
Competent Persons Statement For personal use only Mineral Resources The information in this presentation that relates to geology, nickel mineralisation and Mineral Resources is based on and fairly represents information compiled and reviewed by Mr. Aaron Wehrle, who is a Member of the Australasian I
Lunnon Metals — Investor Presentation (December 2021) on 6ix