Prairie Lithium Limited · ASX:PL9
Prairie Lithium — Investor Presentation (February 2021)
21 slides from Prairie Lithium's investor presentation, Feb 4, 2021
Slide 1: USA Focused Diversified Explorer: Lithium - Gold
USA FOCUSED DIVERSIFIED EXPLORER LITHIUM - GOLD INVESTOR PRESENTATION - FEBRUARY 2021 ASX:HWK DAWN OF A NEW ENERGY ERA
Slide 2: Disclaimer and Forward Looking Statements
DISCLAIMER DISCLAIMER AND FORWARD LOOKING STATEMENTS This presentation has been authorised for release by the Board of Hawkstone Mining Ltd. It is not a prospectus nor an offer of securities for subscription or sale in any jurisdiction nor a securities recommendation. The information in this present
Slide 3: Overview: Corporate Snapshot
OVERVIEW LONE PINE CORPORATE SNAPSHOT • GOLD PROJECT $79.97m 1,599m Market Cap at A$0.05 Shares on Issue Directors WESTERN DESERT GOLD PROJECT Paul Lloyd Managing Director • Barnaby Egerton Warburton Non-Executive Chairman • Greg Smith Non-Executive Director DEVIL’S CANYON GOLD PROJECT BIG SANDY Pro
Slide 4: An Experienced Team with a Proven Track Record
AN EXPERIENCED TEAM WITH A PROVEN TRACK RECORD THE TEAM PAUL LLOYD - Managing Director Paul is a Chartered Accountant with over 30 years’ commercial experience and operates his own corporate consulting business, specialising in the area of corporate, financial and management advisory services. After
Slide 5: Company Strategy
COMPANY STRATEGY MAXIMISE SHAREHOLDER WEALTH THROUGH TARGETED EXPLORATION • Explore potentially world class projects, with company making capability. • Focus on current lithium and gold projects in the USA. • Undertake studies of processing and engineering options to advance the Big Sandy Sedimentar
Slide 6: Big Sandy Lithium Project
BIG SANDY LITHIUM PROJECT DEVELOPING A LOW-COST LITHIUM PROJECT Total Indicated and Inferred Resources of 32.5 Million Tonnes (Mt) grading 1,850 parts per million (ppm) Li or 320,800 tonnes Lithium Carbonate Equivalent (LCE)1. The high grade zone of the JORC Resource comprises 49% of the resource at
Slide 7: Big Sandy Lithium Project Geology
BIG SANDY LITHIUM PROJECT GEOLOGY • Lithium mineralisation is hosted by sediments deposited in a N-S oriented lacustrine basin. • Lithium mineralised sediments, up to 50m in thickness, are covered by a thin veneer of transported colluvium (5-10m thick). 7 hawkstonemining.com.au 7
Slide 8: Big Sandy Lithium Project Resources
BIG SANDY LITHIUM PROJECT RESOURCES Big Sandy Project Mineral Resource Statement • Resource estimate: total indicated and inferred 32.5Mt grading 1,850 Contained Resource Classification Tonnes (Mt) Li Grade (ppm) Contained Li Metal (t) LCE (t) ppm Li3. Indicated Resource 14.6 1,940 28,400 150,900 •
Slide 9: Big Sandy Lithium Project Exploration Target
BIG SANDY LITHIUM PROJECT EXPLORATION TARGET • Total exploration target for Northern and Southern Mineralised Zones is estimated at between 271Mt – 483Mt of sedimentary material grading between 1,000 and 2,000 ppm Li*4. * Note that the potential quantity and grade of the Exploration Target is concep
Slide 10: Engineering, Logistic, Assessment & Development Planning
BIG SANDY LITHIUM PROJECT ENGINEERING, LOGISTIC, ASSESSMENT & DEVELOPMENT PLANNING Preliminary Engineering and Logistical Work defined the competitive advantages5: • Large Resource: potentially one of the larger mineable lithium resources in North America with a very low strip ratio exploitable thro
Slide 11: Lone Pine Gold Project
LONE PINE GOLD PROJECT HISTORICAL HIGH GRADE GOLD PROJECT • 100% interest in the historical high-grade Lone Pine Gold Project, with a Non-JORC compliant, mineral LONE PINE resource estimate of 71,128 ounces Au (122,600 tons @ 18.06 g/t Au)*6. GOLD PROJECT KING * Cautionary Statement: Readers are cau
Slide 12: Lone Pine Vein Zone
LONE PINE VEIN ZONE WITH GRADES OF UP TO 19.6g/t AU • Mined prior to 1907 via 6 adits at 30m vertical intervals the longest of which, Adit # 6 is 365m in length. • Gold mineralisation has been traced over 600 metres and remains open at depth and to the northeast and southwest along strike. • Maiden
Slide 13: King Solomon Mineralised Zone
KING SOLOMON MINERALISED ZONE OLD TIMERS WORKING HARD TO RECOVER HIGH GRADE GOLD • The King Solomon and Lone Pine gold mineralisation are parallel and interpreted to be part of the same mineralised system, providing a significant opportunity for Hawkstone. • King Solomon was explored during the earl
Slide 14: Regional Exploration – Lone Pine Gold Project
REGIONAL EXPLORATION – LONE PINE GOLD PROJECT DEVELOPING TARGETS High grade results from regional rock chip - mapping include9: Sample ID Au g/t Ag g/t Location KS20032 92.70 34.80 King Solomon Workings KS20018 69.50 10.70 King Solomon Workings LP113 24.70 28.10 2.1km S King Solomon LP114 19.60 12.2
Slide 15: Devil's Canyon & Western Desert Gold Projects
DEVIL’S CANYON & WESTERN DESERT GOLD PROJECTS LOCATED IN GEOLOGICAL SETTING HOSTING CARLIN TREND GOLD DEPOSITS • 100% equity in 2 gold exploration projects located in Nevada and Western Utah, USA. • Both Projects lie within a geological setting similar to “Carlin type” mineralisation with Devil’s Ca
Slide 16: Devil's Canyon Project
DEVIL’S CANYON PROJECT LOCATED IN THE HIGHLY PROLIFIC CARLIN TREND The Devil’s Canyon Gold Project is located in the highly prolific Carlin trend in Nevada, USA, that has produced in excess of 195 million ounces of gold12. • Recent rock sampling (DC016-052) with peak rock sample results; Gold (Au) t
Slide 17: Devil's Canyon Project: Exploring for World Class Gold Deposits
DEVIL’S CANYON PROJECT EXPLORING FOR WORLD CLASS GOLD DEPOSITS • Rock sampling has identified four distinct mineralised zones: • Zone Au1: Gold (Au) ranging from 1.12 g/t to 191.5 g/t, Silver (Ag) from 22.1 g/t to 524 g/t, Copper (Cu) from 0.54% to 10.25% corresponding to Target T1. • Zone Au2: Gold
Slide 18: Devil's Canyon Project: Mineral Zonation - Magnetics - Way Forward
DEVIL’S CANYON PROJECT MINERAL ZONATION – MAGNETICS - WAY FORWARD • Mineralised Zones Au1, Au2, Cu1 and Cu2 suggests mineral zonation resulting from multiple intrusive and mineralising phases. This is broadly similar to the Cove-McCoy Gold Mine located in the Battle Mountain-Eureka Trend with histor
Slide 19: Western Desert Gold Project
WESTERN DESERT GOLD PROJECT EXPLORING POTENTIAL IN UNTESTED NEW REGIONS Western Desert Gold Project covers similar geology as the Long Canyon Gold Mine of Newmont (resources 2.3M oz Au) located 50km to the west16. • 11 geological/structural targets with A1 and A3 rated as priority on basis of geolog
Slide 20: Newsflow Catalysts
NEWSFLOW CATALYSTS NEXT STEPS FOR FY2021 BIG SANDY SEDIMENTARY LITHIUM PROJECT Production of Battery Grade Lithium Q1 2021 Bench Scale Testing Q2 2021 Exploration Drilling to Commence Q2 2021 LONE PINE GOLD PROJECT Drilling King Solomon/ Lone Pine Mineralisation Q3 2021 Assay Results Q3/4 2021 WESTE
Slide 21: ASX:HWK Contact Details
For further information: Paul Lloyd (Managing Director) +61 419 945 395 plloyd@hawkstonemining.com Ground Floor, 24 Outram Street West Perth WA 6005 ASX:HWK hawkstonemining.com.au 21
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