Polarx Ltd · ASX:PXX
Polarx — Non-Deal Roadshow (November 2017)
17 slides from Polarx's roadshow presentation, Nov 27, 2017
Slide 1: ASX Announcement: Investor Presentation
ASX Announcement 27 November 2017 For personal use only INVESTOR PRESENTATION PolarX Limited (ASX:PXX) attaches a copy of its investor presentation for its upcoming UK investor roadshow. Ian Cunningham Company Secretary +61 8 9226 1356 ianc@polarx.com.au PolarX Limited (ACN 161 615 783) Suite 1 | 24
Slide 2: Alaska Range Project: A new high-grade copper-gold district
For personal use only Alaska Range Project: A new high-grade copper-gold district ASX:PXX Investor Roadshow presentation, November 2017 www.polarx.com.au
Slide 3: High-Grade with Massive Upside
High‐Grade with Massive Upside For personal use only • Alaska Range Project, 35km of mineralised strike • Advanced, high‐grade copper and gold from surface • Experienced management and technical team • Experienced Alaskan team (Millrock Resources Inc) • Feasibility studies scheduled during 2018 • En
Slide 4: Project Highlights
Project Highlights For personal use only • Recently consolidated land package = first mover • High grade copper and gold from surface where tested • Immediate extensional upside at Zackly and Caribou Dome • Open at depth and along strike in both directions • Large tonnage porphyry Cu‐Au potential at
Slide 5: Capital Structure and Corporate
Capital Structure and Corporate Shares (M) Percentage (%) Cash ($M) For personal use only Shares pre‐August raising 184 77.0 A$5.5M institutional equity raising 55 23.0 5.5 TOTALS 239 100 5.5 SHAREHOLDERS: % Management/Directors/MRG Team 17.0 TIGHTLY HELD Millrock Resources Inc 10.7 JP Morgan (UK) 9
Slide 6: Excellent access, pro-mining jurisdiction
Excellent access, pro‐mining jurisdiction For personal use only COMBINED PROJECT PACKAGE: • 350km north‐east of Anchorage • Excellent infrastructure with road access ~6 hours from Anchorage • 100km east of rail, power and Highway between Anchorage and Fairbanks • All year port at Seward ALASKA, USA:
Slide 7: Stellar Property - significant Cu-Au anomalism - BIG targets
Stellar Property ‐ significant Cu‐Au anomalism – BIG targets For personal use only Broad spaced (500m) soil sampling shows two highly significant copper anomalies, both >250ppm, up to 11km x 6km in size ZACKLY – JUPITER (Porphyry, skarn) • Open in all directions • 2km x 1km soil anomaly at Jupiter w
Slide 8: Zackly - advanced high-grade Cu-Au
Zackly ‐ advanced high‐grade Cu‐Au • Advanced prospect, Zackly Main Skarn ~800m x 250m x For personal use only 3m within a 4‐5km trend, drilled in 1981‐82 and 1990‐94 • Historical non‐JORC compliant resource estimate of 1.54Mt @ 2.90% Cu and 4.51g/t Au* • Many early holes were too short to test dept
Slide 9: Zackly - High Grade Cu sulphides in drill core
Zackly – High Grade Cu sulphides in drill core Main Cu‐Au phase For personal use only Bornite Bornite + Chalcopyrite Bornite mineralisation in garnetiferous skarn, ZM17010, Massive Magnetite + Bornite + Chalcopyrite skarn 179.4m overprinting massive green garnet skarn ZM17010, 185m Covellite & Borni
Slide 10: Zackly - initial 2017 assays confirm mineralisation
Zackly – initial 2017 assays confirm mineralisation For personal use only From To Down‐hole Cu Au Cu Hole_ID (m) (m) Interval (m)* % g/t Equiv % ** ZM‐17002 98.27 131.7 33.43 1.16 1.27 1.95 incl. 99.06 102.51 3.45 3.85 2.23 5.23 and 112.63 127.41 14.78 1.23 2.08 2.52 ZW‐17004 131.87 136.55 4.68 0.92
Slide 11: Assay results from 2017 drilling support historical resource
Assay results from 2017 drilling support historical resource For personal use only Slide 10
Slide 12: Mars - Zackly structural corridor, multiple porphyry targets
Mars – Zackly structural corridor, multiple PORPHYRY TARGETS • WNW structural trends at Zackly extends along strike to the Mars IP anomaly, evident in magnetic imagery For personal use only • Forms a structural corridor containing multiple targets for porphyry Cu‐Au deposits (orthogonal to arc) 11
Slide 13: Mars - strong IP results and geochemistry, porphyry target
Mars – strong IP results and geochemistry, PORPHYRY TARGET • Three lines and one tie‐line of IP data collected using pole‐dipole array at 100m electrode spacing For personal use only • Strong chargeability anomaly directly below 2km long zone of highly anomalous soil and rock‐chip geochemistry • Hig
Slide 14: Caribou Dome - shallow, high-grade Cu deposit
Caribou Dome ‐ shallow, high‐grade Cu deposit For personal use only • 2.8Mt at 3.1% copper (0.5% lower‐cut) for 86,000t of contained Copper (JORC 2012) • 60% in the top 150m including 935,000t @ 4.4% • High grade, sediment‐hosted • Drill intersections over >800m strike‐length • Open in all direction
Slide 15: Caribou Dome - multiple IP and Cu anomalies
Caribou Dome ‐ multiple IP and Cu anomalies • Known mineralisation shows a strong IP and geochemical response For personal use only • Strong IP anomalies often coincide with a strong copper in soils, many un‐tested co‐incident anomalies require drilling • Transported cover masks the geochemistry ove
Slide 16: Concluding Statements and 12-month timeline
Concluding Statements and 12‐month timeline • Big holding of high quality, high‐grade copper‐gold assets in mining friendly Alaska, USA For personal use only • Advanced projects – early exploration risk removed, numerous new targets • Massive upside from new Cu‐Au targets and deeper porphyry sources
Slide 17: Cautionary Statements
Cautionary Statements For personal use only This presentation has been prepared by PolarX Limited (“PolarX”) to assist in informing interested parties about the Companies and their progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in either C