Hammer Metals Limited · ASX:HMX
Hammer Metals — Investor Presentation (June 2016)
26 slides from Hammer Metals's investor presentation, Jun 21, 2016
Slide 1: Hammer Metals Limited Presentation June 2016
For personal use only HAMMER METALS LIMITED ABN. 87 095 092 158 PRESENTATION June 2016 Mining 2015 Resources Convention 2015 Queensland Explorer of the Year
Slide 2: Corporate Summary
CORPORATE SUMMARY For personal use only Russell Davis Alex Hewlett Nader El-Sayed Simon Bodensteiner Chairman Executive Director Director Director Technical Commercial Finance Mining Corporate Snap Shot (as of 15.06.16) Major Shareholders ASX Code HMX Deutsche Rohstoff 15.5% Ordinary Shares 153.4 Mi
Slide 3: Hammer Snapshot
HAMMER SNAPSHOT For personal use only Exploration Excellence Huge ground holding Regional infrastructure Strong J.V. Partner - 2015 Queensland (in excess of 2600km2) includes: in Newmont with a Explorer of the Year in the most prolific - Sealed roads significant balance base metals province in sheet
Slide 4: Mount Isa Land Holding Overview
MOUNT ISA LAND HOLDING OVERVIEW For personal use only Major land position (2600km2) located in the Mount Isa province “sandwiched” between several major players including; • Glencore (Mount Isa, E1, George Fisher, Ernest Henry) • South32 (Cannington) • Chinova Resources (Osborne, Merlin, Mt Elliott,
Slide 5: The Prize
THE PRIZE For personal use only A world class Ernest Henry style copper-gold deposit [250Mt @ 1.1% Cu and 0.5g/t Au] in prolific Mt Isa mining district HAMMER METALS LTD | 4
Slide 6: Strategy
STRATEGY For personal use only • Discover large copper-gold deposits through excellence in exploration • Advance projects towards production by partnering with larger players • Continue to grow Hammer’s copper-gold-molybdenum- rhenium resource inventory • Progress Kalman towards development HAMMER M
Slide 7: Newmont Farm In & JVA
NEWMONT FARM IN & JVA For personal use only Key terms; • Farm in over Overlander, Dronfield and Even Steven IOCG targets • Hammer operator for the first 2 stages • Newmont can earn 75% by spending US$10,500,000 • Hammer retains the Kalman and Overlander Deposits • Active field programmes underway HA
Slide 8: Priority Targets
PRIORITY TARGETS For personal use only Kalman Status: 30MT @ 1.3%CuEq Priority for growth: Southern high grade extension inc. 9m @ 20%Cu Overlander (JV) Status: 1.8MT @ 1.2%Cu (Refer ASX release 26/08/15) Priority for growth: Untested large gravity body Millennium Status: Cu/Co/Au in drilling Priori
Slide 9: Kalman Resource
KALMAN RESOURCE For personal use only Kalman Deposit Mineral Resource Estimate (Reported at 0.3% CuEq cut-off above 100m RL and 1.0% CuEq cut-off below 100m RL) Mining Tonnes CuEq Classification Method (t) (%) Inferred Open Pit 22,000,000 1.1 Inferred Underground 8,300,000 1.9 TOTAL 30,000,000 1.3 -
Slide 10: Kalman, New High Grade Mo-Re
KALMAN, NEW HIGH GRADE MO-RE For personal use only Extensions of high-grade molybdenum and copper-gold zones enhance open pit mining potential • Thickest and highest grade molybdenum- rhenium intersection yet: – 62 metres at 0.65% Mo, 11.4g/t Re, 0.16% Cu, 0.07g/t Au and 1.5g/t Ag (62 m at 4.3% CuEq
Slide 11: Kalman High Grade Zones
KALMAN HIGH GRADE ZONES For personal use only • High grade copper-gold: – 7.6m at 23.4% Cu, 0.5g/t Au & 20g/t Ag from 581.65m in K106A – 77m at 1.4% Cu & 1.3g/t Au from 700m in K106A – 25m at 3.8% Cu & 0.94g/t Au from 712m in K106C • High grade molybdenum-rhenium: – 62m at 0.65% Mo & 11.4g/t Re from
Slide 12: Kalman Upside
KALMAN UPSIDE For personal use only Multiple areas for the current resource to be extended, key areas include; • Northern Fault offset target. • High grade Cu open at depth and to South (including 9m @ 20% Cu, 0.47g/tAu from 581m). • High grade Mo open at depth and to south. • Anomalous Cu and Mo ge
Slide 13: Millennium Cu-Co-Au
MILLENNIUM CU-CO-AU For personal use only • Copper-cobalt prospect on granted mining leases • 19km from Rocklands copper- cobalt mine and plant • Recent (2013) intersections* include: – 18m at 1.3% Cu, 0.39% Co, 0.7g/t Au from 29m in Q-012 – 21m at 0.7% Cu, 0.15% Co, 0.4g/t Au from 44m in Q-013 * Re
Slide 14: Millennium Cu-Co-Au
MILLENNIUM CU-CO-AU For personal use only • Mineralised zone > 1km in length • Historical metallurgical testwork (1990’s) indicates potentially saleable cobalt and copper concentrate can be produced • Infill and extensional RC drilling planned HAMMER METALS LTD | 13
Slide 15: Overlander - A New IOCG Discovery
OVERLANDER - A NEW IOCG DISCOVERY For personal use only • Preliminary RC and Diamond Drilling has identified zones of high grade Cu with Co from surface • >3km of strike • 6km West of Kalman • Large IOCG system intersected in latest diamond drill hole OVD001 • Similar IOCG system at Andy’s Hill 2km
Slide 16: Overlander North Deposit
OVERLANDER NORTH DEPOSIT For personal use only • Last 3 RC holes intersected: OVRC29 – 75m at 1.33% Cu including 28m at 1.91% Cu and 16m at 1.92% Cu OVRC30 – 87m at 0.74% Cu including 27m at 1.4% Cu OVRC31 – 89m at 1.1% Cu including 56m at 1.4% Cu and 11m at 2.4% Cu and 10m at 1.6% Cu • Open to the
Slide 17: Overlander North Deposit
OVERLANDER NORTH DEPOSIT For personal use only • First diamond hole drilled in May: OVD001 – Intersects IOCG target – 21m @ 1.7% Cu from 435m – 97.3m @ .54 Cu from 359.5m – thick magnetite-kspar alteration zone Overlander North Cross Section 7673700N HAMMER METALS LTD | 16
Slide 18: Overlander Diamond Hole
OVERLANDER DIAMOND HOLE For personal use only OVD001 - Magnetite, Albite, Chalcopyrite, Pyrite Rock OVD001 - Chlorite, Biotite, Albite, Chalcopyrite, Pyrite Breccia HAMMER METALS LTD | 17
Slide 19: Overlander IOCG Targets - The Upside
OVERLANDER IOCG TARGETS - THE UPSIDE For personal use only IP Resistivity Target Overlander North Section 7673700N with IP changeability inversion shells Overlander North Cross Section 7673700N with IP resistivity/gravity inversion shells HAMMER METALS LTD | 18
Slide 20: Hammer Time
HAMMER TIME For personal use only • Large IOCG target 2km West of Kalman • Coincident soil geochemistry (Cu and Au) and IP anomaly • 3.4km in length and 1km in width • Prospect crosses the tenement boundary with Glencore Copper • Modelling of new Magnetics and gravity survey data complete • Drilling
Slide 21: Hammer Time
HAMMER TIME For personal use only • Intersected in first RC hole – 216m @ .17 Cu and .05g/t Au – Thick IOCG alteration HAMMER METALS LTD | 20
Slide 22: Scalper
SCALPER For personal use only • Southern end of Overlander / Andy’s Hill IOCG trend • Strong magnetic anomaly and coincident ‘red rock’ alteration and breccias • 23m at 1.1% Cu and 0.27g/t Au from 77m including 12m at 1.9% Cu and 0.45g/t Au from 87m • Gravity-magnetic target defined HAMMER METALS LT
Slide 23: Dronfield
DRONFIELD For personal use only • Williams granite suite • Large coincident gravity-magnetic anomalies • Copper - gold anomalism • 2m @ 6.1% Cu + 1.54g/t Au from 37m in HDRC001 • Extensive “redrock” IOCG alteration • Gravity, geochemistry, magnetics and IP surveys defining targets before drilling HA
Slide 24: Disclaimer & Competent Person Statements
DISCLAIMER & COMPETENT PERSON STATEMENTS For personal use only Disclaimer Overlander North + South Resource Estimate This presentation by its nature contains summarised Mr Downing consents to the inclusion in the report of the Where the Company refers to the Overlander North + South information. See
Slide 25: Kalman Resource Estimate & Notes on Copper Equivalence Calculation
KALMAN RESOURCE ESTIMATE & NOTES ON COPPER EQUIVALENCE CALCULATION For personal use only The Kalman Mineral Resource Estimate was updated in March 2014 in accordance with the JORC Code (2012 Edition). (Refer to the ASX Release dated 19th March 2014 for full details of the Resource Estimate.) Kalman
Slide 26: Kalman Resource Estimate & Notes on Copper Equivalence Calculation
KALMAN RESOURCE ESTIMATE & NOTES ON COPPER EQUIVALENCE CALCULATION For personal use only Assumed Metallurgical Recoveries Based on the testing completed and the current understanding of the material characteristics it has been assumed that the Kalman material can be processed using a “typical” conce