Duketon Mining Ltd · ASX:DKM

Duketon Mining — Investor Presentation (October 2015)

21 slides from Duketon Mining's investor presentation, October 2015

  1. Slide 1: Unlocking Value in the Duketon Nickel & Gold Belt

    Unlocking Value in the Duketon Nickel & Gold Belt Investor Presentation October 2015 June 2014 STUART FOGARTY, Managing Director www.duketonmining.com.au

  2. Slide 2: Cautionary Statement

    Cautionary Statement This presentation has been prepared by Duketon Mining Limited(“Duketon”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though Duketon has no

  3. Slide 3: Corporate Overview

    Corporate Overview Duketon Mining Limited ASX: DKM Share Price Chart (Last 12 Months) 6 $0.50 DKM Share Price Volume (million shares traded per day) Shares on Issue 82.5m $0.45 5 $0.40 Options on Issue1 35.5m $0.35 4 $0.30 Market Cap. @ 11c $9m 3 $0.25 $0.20 2 Cash + Listed Investments $6.5m $0.15 $

  4. Slide 4: Portfolio Overview

    Portfolio Overview Rox Resources Ltd MC = $19m Regis Resources Ltd MC = $925m Duketon Mining Ltd MC = $9.0m EV = $2.5m Gold Road Resources MC = $295m Poseidon Nickel Ltd MC = $45m Laverton Greenstone Belt “prolific mining area” ~ 25M Oz gold Note: All company data as at 6 October 2015 3. 4.

  5. Slide 5: Project Locations

    Project Locations Dominant Position in Duketon Greenstone Belt  ~ 90% held by Duketon Mining & Regis Resources  Building a mining district  Duketon Mining is growing:  C2 deposit – 38kt nickel + Cu, Pt, Pd  Rosie deposit – 33kt nickel + Cu, Pt, Pd  Nariz Discovery – 5.65m @ 7.09% Ni  3 nickel

  6. Slide 6: 14 Months Since IPO

    14 Months Since IPO Drilling Programme 2: Discovers Nariz Ni-Cu deposit Against a tough nickel price backdrop (still open and being drilled) 9.22m @ 4.96% Ni, 0.4% Cu inc. 5.65m @ 7.09% Ni, 0.5% Cu Duketon Secures Gold Joint Venture Successful with Regis $7m IPO (oversubscribed) Joint Venture (gold

  7. Slide 7: Strategies to Drive Shareholder Value

    Strategies to Drive Shareholder Value 1. Expand Existing Targeting extensions to Rosie, C2 and Nariz Ni-Cu deposits Nickel Resources 2. Discover New Regional work around the highly prospective and largely Nickel Deposits untested greater Bulge area (and new belts, new projects) 3. Gold Joint Venture

  8. Slide 8: 1. Expand Existing Nickel Deposits

    1. Expand Existing Nickel Deposits C2 Nickel Deposit  Maiden Mineral Resource Estimate E38/2834 E38/1537 Terminator Gold  38,000t nickel, Prospect Nariz Nickel Prospect  2,370t copper, 9.2m @ 5.0% Ni 0.1% Cu, 2.4g/t Pt+Pd C2 Inferred  26,000oz Pt + Pd Resource 5.7Mt @ 0.7% Ni (38,000 Ni T)  Ope

  9. Slide 9: 1. Expand Existing Deposits cont.

    1. Expand Existing Deposits cont. Nariz Ni-Cu Discovery  Very recent discovery  Maiden drilling program discovered high-grade intersections including 5.65m at 7.09% Ni, 0.50% Cu, 3.76g/t Pt + Pd  Only 2 drill programs completed (second program only focussed on shallow extensions)  Exploration mo

  10. Slide 10: 2. Discover New Nickel Deposits

    2. Discover New Nickel Deposits The Bulge Ultramafic Complex C2 Nickel Resource  Mining Lease (ML) granted Rosie Nickel Resource  Craton size feature  Limited exploration outside resource areas  Ni Discovered mid 2000s Nariz Nickel Prospect  2006 at C2  2009 at Rosie  2014 at Nariz Thompson B

  11. Slide 11: 2. Discover New Nickel Deposits

    2. Discover New Nickel Deposits Nariz Significant Exploration upside  3 discoveries in only 15% of contact  Limited to no testing at depth outside 3 discoveries  Significant geochemical anomalism at surface 11.

  12. Slide 12: 3. Gold Joint Venture with Regis

    3. Gold Joint Venture with Regis Terms  4 tenements, 2 year term, Au only  75:25 upon achieving the following  $100,000 up-front Moolart/Gard DKM/RRL  $1M minimum expenditure JV en Well Trend  Confirming a decision to mine  On a decision to mine DKM may Bandya  Contribute to the project Trend

  13. Slide 13: 4. Discover New Gold Deposits

    4. Discover New Gold Deposits Western Belt Baneygo/Rosemont Trend  Multiple target styles  Large historical dataset showing conceptual and empirical support Bandya Trend  Rosemont and Baneygo recent examples Kulguddi Trend  100% DKM tenements in blue 0 2.5 5km

  14. Slide 14: Nickel Price – Greater Upside Risk?

    Nickel Price – Greater Upside Risk? China’s Nickel Ore Stockpiles  Nickel is being consumed at a faster rate than 20 it is being mined 18 16 14 Million Tonne 12  Destocking in China is continuing at a rapid 10 pace 8 6 4 2  High grade, large and quality nickel deposits - are increasingly difficul

  15. Slide 15: Investment Highlights

    Investment Highlights  Nickel resource inventory with significant potential to grow – +70,000 Ni T WITH SIGNIFICANT UPSIDE  Cash (+ liquids) balance of ~$6.5 million end of June ‘15 Q – WELL FUNDED  Enterprise value of $2.5M (Market Cap. $11M) – LEVERAGED TO DISCOVERY  Managing Director ex-BHP S

  16. Slide 16: Contact Details

    Contact Details Duketon Mining Ltd. Head Office Phone +61 8 6315 1490 Ground Floor, 31 Ventnor Fax +61 8 9486 7093 Avenue, West Perth Web: www.duketonmining.com.au Western Australia 6005 15.

  17. Slide 17: JORC Code, 2012 Edition – Table 1 report – Duketon Project

    JORC Table 1 JORC Code, 2012 Edition – Table 1 report – Duketon Project Section 1 Sampling Techniques and Data – Western Gold Anomalies (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Commentary Sampling  Nature and quality of sampling (eg cut channels, r

  18. Slide 18: JORC Table 1 – Logging and Sub-sampling

    Criteria JORC Code explanation Commentary Logging  Whether core and chip samples have been geologically and  Not all geological data for all drillholes is available. Where data is geotechnically logged to a level of detail to support appropriate available, it has been compiled and entered into the

  19. Slide 19: Section 2 Reporting of Exploration Results

    Criteria JORC Code explanation Commentary Location of  Accuracy and quality of surveys used to locate drill holes (collar and  The survey method for collar co-ordinates is not always presented in data points down-hole surveys), trenches, mine workings and other locations historic data. Visual chec

  20. Slide 20: JORC Table 1 – Tenure and Geology

    Criteria JORC Code explanation Commentary and land settings.  The data presented, however, has not been collected by Duketon tenure status  The security of the tenure held at the time of reporting along with any Mining Limited and was not collected originally on tenements owned known impediments t

  21. Slide 21: JORC Table 1 – Diagrams and Reporting

    Criteria JORC Code explanation Commentary Diagrams  Appropriate maps and sections (with scales) and tabulations of  Refer to figures in document. intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar

Duketon Mining — Investor Presentation (October 2015) on 6ix