Scorpion Minerals Limited · ASX:SCN
Scorpion Minerals — Investor Presentation (April 2022)
24 slides from Scorpion Minerals's investor presentation, Apr 13, 2022
Slide 1: Scorpion Minerals Limited Investor Presentation
Scorpion Minerals Limited (ASX: SCN) INVESTOR PRESENTATION April 2022 1 Slide #1
Slide 2: Disclaimer
Disclaimer Slide #2 Competent Persons Statement any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or The information in this report that relates to the Exploration Results any other person, for any loss ar
Slide 3: Corporate Snapshot
Corporate Snapshot Slide #3 Capital Structure Board Ordinary Shares 269.50M Bronwyn Barnes Executive Chair Craig Hall Non Executive Options Nov 23 – Ex. Price 12c 15.00M Kate Stoney Non Executive & Co-Sec Dec 23 – Ex. Price 12c 5.25M Dec 24 – Ex. Price 12c 1.00M Nov 23 to Sep 25 – ESOP 8.75M Share P
Slide 4: Investment Highlights
Investment Highlights Slide #4 Suite of high-quality Lithium, PGE-Ni-Cu, Gold and Copper assets in WA within Pharos Project totalling 1544 km2 Lithium ▪ 50km long lithium corridor of significant rare metal and Lithium, Caesium, Tantalum (“LCT”) pegmatite potential ▪ LCT Pegmatites mapped and surface
Slide 5: Pharos Project Overview
Pharos Project Overview Slide #5 ▪ Pharos Project - 1,544km2 tenure located 60km northwest of Cue ▪ Several high-quality Lithium, Copper & PGE-Ni-Cu targets identified in recent technical reviews ▪ Historically non-systematic exploration completed over the project area due to fractured ownership, an
Slide 6: Technical Resources & Capability
Technical Resources & Capability Slide #6 • Appointed Obsidian Metals Group Pty Ltd (OMG) to provide technical services and guide the lithium exploration strategy plus generate additional lithium project opportunities • OMG has extensive experience with exploration, evaluation and development of sig
Slide 7: Pharos Project - Regional Setting
Pharos Project - Regional Setting Slide #7 Regional Context ▪ Strategic Location ▪ Extensive Tenure ▪ Mt Mulcahy Cu-Zn-Ag-Au Resource ▪ Access & Infrastructure ▪ Multiple Current Operations ▪ Gold - Westgold ▪ Iron Ore - Fenix ▪ Active Regional Explorers ▪ PGE-Ni-Cu – Podium ▪ Iron Ore – Sinosteel ▪
Slide 8: Pharos – Current areas of exploration focus
Pharos – Current areas of exploration focus Slide #8 Commodities • Lithium • Poona • Jacksons Reward • Base Metals • Mt Mulcahy (Cu-Zn-Ag-Au-Co) • Pallas (PGE-Ni-Cu) • Glen Nickel (PGE-Ni Cu) • Olivers Patch • Ulysses
Slide 9: Pharos Lithium Potential
Pharos Lithium Potential Slide #9 Pharos lithium corridor extended to 50km – multiple drill ready targets ▪ Recent technical review has highlighted strong lithium potential with 50 km zone of pegmatite intrusion (“Lithium Corridor”) ▪ Significant Li, Ta/Nb, and Sn soil / rock chip anomalies identifi
Slide 10: Poona – Sn Regional Geochemical Signature
Poona – Sn Regional Geochemical Signature Slide #10
Slide 11: Poona & Poona East – Lithium Targets
Poona & Poona East – Lithium Targets Slide #11 • Extensive Pegmatite Intrusions within 50 km corridor • Significant rock chip anomalies up to 2.99% Li2O • Limited RC drilling intersected significant mineralisation • Coincident Sn, Ta/Nb and Li anomalies • Individual pegmatites up to 1000 m in length
Slide 12: Jacksons Reward – Lithium Targets
Jacksons Reward – Lithium Targets Slide #12 • Largest pegmatite in region • Eastern side of 50 km long corridor • Spodumene identified in outcrop • Significant Li, Ta/Nb and Sn anomalies in soil and rock chip sampling • 8 km corridor of mapped pegmatites identified during 80’s/90’s gold exploration
Slide 13: Mt Mulcahy – Geochem & VTEM over Geology
Mt Mulcahy – Geochem & VTEM over Geology Slide #13 • South Limb Pod and West Copper only targets tested below 20m depth • Main VMS horizon +10km long • Multiple untested soil and VTEM anomalies on horizon and in “footwall” positions • Potential for multiple VMS horizons
Slide 14: Mt Mulcahy – 3D VMS Basin Model & Targets
Mt Mulcahy – 3D VMS Basin Model & Targets Slide #14 • South Limb Pod and West Copper only targets tested below 20m depth • Main VMS horizon +10km long • East plunging synclinal VMS horizon up to 2000m deep • Multiple untested soil and VTEM anomalies on horizon and in “footwall” positions • Potential
Slide 15: South Limb Pod – Copper Horizon 3D Model
South Limb Pod – Copper Horizon 3D Model Slide #15
Slide 16: Pallas – PGE-Ni Cu Nickel Targets
Pallas – PGE-Ni Cu Nickel Targets Slide #16 • Multiple phases of historic non-systematic exploration • Ni, Co, Pd/Pt, and Au soil anomalies • Coincident EM and IP anomalies • Mindoolah Bore Mafic/Ultramafic Intrusive Complex • CRA intersect PGE mineralisation up to 0.8 g/t in RC drill hole 83WRRC3 •
Slide 17: Perses – Cross Section 7 000 450 mN
Perses – Cross Section 7 000 450 mN Slide #17 • Significant Ni/Co mineralisation intersect in wide spaced air core drilling • Mineralisation extends from oxide into primary zone • Ultramafic association • 200 to 300 m wide zone • No historic follow up • RC drill testing planned
Slide 18: Olivers Patch & Ulysses Au Targets
Olivers Patch & Ulysses Au Targets Slide #18 • Gold mineralisation controlled by NW trending splays off the ”Big Bell’ shear zone • Mineralisation associated with structurally controlled alteration zones containing silica, carbonate, pyrite and at Ulysses coarse-grained massive arsenopyrite • Multip
Slide 19: Immediate Activities Program
Immediate Activities Program Slide #19 Recently completed ✓ Initial Heritage Surveys at Poona, Mt Mulcahy, Pallas, Olivers and Ulysses June Quarter ▪ RC drill testing (~1000 m program) of Poona Lithium targets ▪ RC drilling Pallas PGE-Ni-Cu targets (~1000 m) ▪ RC drill follow up Pharos gold targets
Slide 20: Contact: Bronwyn Barnes
Slide #20 Contact: Bronwyn Barnes t: +61 417 093 256 20
Slide 21: Mt Mulcahy Project – Resource table
Mt Mulcahy Project – Resource table Slide #21 Mt Mulcahy South Limb Pod Mineral Resource Estimate as at 30th June 2018 Grade Contained Metal Resource Category Cu Zn Ag Au Tonnes (%) (%) Co (%) (g/t) Au (g/t) Cu (t) Zn (t) Co (t) Ag (oz) (oz) Measured 193,000 3.0 2.3 0.1 25 0.3 5,800 4,400 220 157,00
Slide 22: Appendix 1 – Additional Technical Slides
Appendix 1 – Additional Technical Slides Slide #22
Slide 23: Olivers Patch Area – Drilling Results
Olivers Patch Area – Drilling Results Slide #23
Slide 24: Ulysses Drilling Results
Ulysses Drilling Results Slide #24
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