Enterprise Metals Limited · ASX:ENT
Enterprise Metals — Mines & Money Hong Kong April 2016
28 slides from Enterprise Metals's conference presentation, April 2016
Slide 1: Mines & Money Hong Kong April 2016
Mines & Money Hong Kong April 2016
Slide 2: Important Information
Important Information Disclaimer This presentation has been prepared by Enterprise Metals Limited (“Enterprise”) and is current at the date of the presentation is delivered. The presentation is in summary form and does not purport be all inclusive or complete. Recipients should conduct their own inv
Slide 3: Enterprise's Projects
Enterprise’s Projects 1. DOOLGUNNA Cu/Zn 2. FRASER RANGE Ni Apollo Minerals (AON) 70% & operating ENT 30% free carried to completion of BFS 3. DARLOT Cu/Zn/Au 4. YALGOO Au PAGE 3
Slide 4: Capricorn Orogen - Doolgunna
CAPRICORN OROGEN - DOOLGUNNA *U/G Ore Reserve 9.5Mt @ 5.7% Cu, 2.0g/t Au 546,000t Cu, 616,000 oz Au Highly prospective for Cu/Au deposits 2009: Sandfire DeGrussa discovery* 2014/15: ENT Vulcan targets 2015: Sandfire Monty discovery Regional Gravity Image DOOLGUNNA PROJECT PAGE 4
Slide 5: Enterprise Doolgunna
ENTERPRISE DOOLGUNNA Strong Land Position Over 1,100km2 tenure, prospective for VHMS and SEDEX style deposits DOOLGUNNA PROJECT PAGE 5
Slide 6: Sandfire's Monty Discovery
Sandfire’s Monty Discovery 2015 discovery using MLEM, DHEM & lots of drilling High grades, but complex geometry “No significant results” in many holes – persistence required DOOLGUNNA PROJECT PAGE 6
Slide 7: Vulcan, Vulcan West, another Monty?
Vulcan, Vulcan West, another Monty? DOOLGUNNA PROJECT PAGE 7
Slide 8: Vulcan Area – Monty - comparison
Vulcan Area – Monty - comparison Monty Area Vulcan Area Geology NarracootaVolcanics + Narracoota Volcanics + Karalundi Fm (Noonyereena Member) Karalundi Fm Structural Splay off Goodin Fault Goodin Fault setting Geochem Extensive Cu soil anomaly Extensive Cu soil anomaly + pathfinders +Au + pathfinde
Slide 9: Vulcan and Goodins Prospects
Vulcan and Goodins Prospects “2nd most exciting Cu/Au play after Monty….” VULCAN WEST EM Vulcan & Goodins Au & Cu Drilling results on 1st VD Magnetic Image ~8km strike of favourable stratigraphy DOOLGUNNA PROJECT PAGE 9
Slide 10: 2015 Vulcan Moving Loop EM
2015 Vulcan Moving Loop EM • Right geology • Right structure • MLEM: Effective search tool Geology Interpretation over Greyscale Magnetic Image Note: Geology for non-Enterprise tenements sourced from Sandfire Resources NL and Talisman Mining Ltd public reports. DOOLGUNNA PROJECT PAGE 10
Slide 11: 2015 Vulcan Moving Loop EM
2015 Vulcan Moving Loop EM SPECIFICATIONS • Loop size: 200m x 200m • Line spacing: 400m (200m infill) • Station Spacing: 100m (50% overlap most moves) • Frequency: 0.5 Hz minimum • Transmitter: VTX-100 • Max Current: 100 Amp • Max Volts: 500 Volts • Receiver: EMIT SMARTem24 • Sensor: EMIT Smart Flux
Slide 12: 2015 Vulcan West MLEM - Profiles
2015 Vulcan West MLEM - Profiles EM Profile Plot, Channel 32 • Conductor is non-stratigraphic • Hosted in bedrock Narracoota/Karalundi FM’s. Noonyereena Member? • Moderate to strong conductor • Well-defined exponential decay fit in late channel data (+150msec range) • Time constant (tau) estimate +4
Slide 13: Vulcan West EM Plate Model
Vulcan West EM Plate Model 2015: MLEM, Conductor Strike length: ~340m. 2016: DHEM completed Dip: 64° towards NW (327°) 2nd drill hole planned to Depth to top of plate: ~ 135m, 320m for 2nd Quarter 2016 Conductance: ~3030 S. Hole VWRC001 to 318m in December 2015 Sulphides intersected. DHEM
Slide 14: Ruby Prospect
Ruby Prospect Ruby Prospect interpreted to occur in Noonyereena Member of Karalundi Formation Same host as DeGrussa & Monty VHMS deposits, possible volcanic centre in magnetics MLEM survey planned for Q2 2016 RNI* reported significant VHMS system at Orient Prospect (“Cashmans Project”) with
Slide 15: SEDEX Search Criteria
SEDEX Search Criteria Tectonic setting Yerrida Basin Rift, sag, deformation Capricorn Orogen Source rocks Volcanics – basalts, etc Copper rich Heat flow Archaean Goodin Dome Hydrothermal systems Major Structures Southern Boundary Fault Basin bounding faults Goodin Fault Favourable Hosts Black shales
Slide 16: Doolgunna SEDEX targets
Doolgunna SEDEX targets Multi-element anomalies (Te, Bi, Sb, Mo, As, W, etc) from 1km x 1km Maglag 2014: Borg & Azan Infill Maglag 250m x 250m 2015: Borg Infill Maglag 250m x 125m Borg & Azan “Spectrem” AEM targets Tellurium Maglag Geochem “Tellurium often occurs with large gold deposits & cop
Slide 17: Borg – Bono Prospects
Borg – Bono Prospects MAGLAG GEOCHEMISTRY VTEM 2km x 1km anomaly Highly anomalous Te Coincident with other base metal 14 4 pathfinder elements TELLURIUM ANOMALY GEM + Cu, As, Bi, Sb, W, Mo, Sn associated with EM Bounded by SBF & Goodin Fault 2016 Drilling* target *Borg RC drilling Co-funde
Slide 18: Borg Prospect – RC Drill Chips
Borg Prospect – RC Drill Chips Sediment hosted massive sulphides ENT: ASX release 06 Oct 2015 *2015 drilling program Co-funded by WA State Gov’t/DMP EIS Scheme PAGE 18
Slide 19: Fraser Range Project
FRASER RANGE PROJECT Fraser Range History: 1965-1971: Newmont 1995-2008: Creasy et al 2012: Sirius - Nova discovery ENT 2009-2013: Aeromag, soil sampling & AEM ENT 2014: Plato: 6 hole RC/DC, NiS intersected 39 FLEM ground surveys 6 RC drill holes Plato South Potential for Ni/Cu depos
Slide 20: Multiple Target Areas - close to IGO Tenure
Multiple Target Areas - close to IGO Tenure ENT/AON ground is well placed with respect to former Sirius (now IGO) tenements, over core of gravity high, interpreted to be a large layered mafic complex IGO Tenements & JV’s Source: Sirius Resources NL SIR: ASX release 28 January 2015 FRASER RANGE PROJE
Slide 21: Plato - First Target Drill Tested
Plato - First Target Drill Tested Plato soil geochem data over magnetic Ni “low”, co-incident with elevated nickel, copper, cobalt Magnetic “low” is olivine gabbronorite intrusive within mafic complex PLRCD003, at 337.4 metres Downhole ENT: ASX release 30 July 2014 Niton XRF on Sulphides: 5.5% N
Slide 22: 2015 MLEM Survey - Results
2015 MLEM Survey - Results 2015 MLEM (SQUID) survey for AON successfully penetrated conductive overburden AON* report conductors detected in basement due to high resolution SQUID & MLEM ability to focus current into a smaller volume of rock Conductors coincide with magnetic signatures that cro
Slide 23: Darlot Project
DARLOT PROJECT ARCHAEAN YANDAL GREENSTONE BELT • Proven gold & base metal endowment • 2013-2016: Independence Group (ASX:IGO) spent $1.7M, withdrew from JV March 2016 • Focus was on base metals in felsic volcanics east of Ockerburry Fault, 60km north of IGO’s Jaguar Cu/Zn/Ag Mine • Soil/auger sampli
Slide 24: Darlot – Jarrah Well Prospect
Darlot – Jarrah Well Prospect E37/1031 • 2014: 21 aircore holes (1,023m) completed by IGO. IGO & previous GCM aircore 14DRAC071 32m @ 668ppm Zn, results defined >1.3km x 1.0km 492ppm Cu, 1.85ppm Ag linear horizon of highly anomalous Zn-Cu-Pb ± 14DRAC064 pathfinders & minor Au. 12m @ 622ppm Cu, 0.5
Slide 25: Darlot – Jarrah Well Prospect
Darlot – Jarrah Well Prospect • Modelled MLEM conductors (white plates) relative to 90th and 99th percentile values for Cu (pink), Pb (blue), and Zn (red) [aircore assay] contours, highlighting close spatial association of conductors & geochemical anomalies. MLEM Plates (in white) and Cu, Pb, Zn air
Slide 26: Capital Structure - Tightly held
Capital Structure -Tightly held Capital Structure Share Price & Volume Share Price (close 1 April 2016) A$ 0.022 Shares on Issue (1 April 2016) # 308,745,090 Options on Issue (1 April 2016) 1 # 30,662,500 Market Capitalisation A$m $6.79 m Cash 2 A$m $0.26 m Enterprise Value 3 A$m $ 6.5 m 1. Three tr
Slide 27: Directors & Senior Management
Directors & Senior Management Name Role Background Dr Jingbin Wang Non- Dr Wang is Executive Director of China Nonferrous Metals Resource Geological Survey, a BSc, MSc, PhD Executive position he has held since 2003. He has also held the title of Vice-President of the China Chairman Nonferrous Metals
Slide 28: Competent Person Statement
Competent Person Statement The information in this Presentation (Report) that relates to Exploration Results is extracted from Public (ASX) Reports previously published by Enterprise Metals Limited which are available for viewing on the ASX and ENT websites. The information in this Presentation that
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