Union Star Metals Ltd · ASX:USM
Union Star Metals — RIU Explorers Conference 2023
33 slides from Union Star Metals's conference presentation, Feb 15, 2023
Slide 1: Unlocking Australia's Next Rare Earths Discovery
UNLOCKING AUSTRALIA’S NEXT RARE EARTHS DISCOVERY ► Portfolio expanded with new Gascoyne REE acquisition ► Gearing up for a new phase of exploration in the Tanami ASX : PVW PVW RESOURCES FEBRUARY | FEBRUARY 2023 | George Bauk,2023 Executive Director | RIU Explorers Conference – 15th February 2023
Slide 2: Disclaimer
DISCLAIMER PVW Resources ACN 124 541 466 The Company confirms that it is not aware of any new information or data that materially affects the information included in the original This document is neither a prospectus nor an offer to subscribe for market announcements and that that all material assum
Slide 3: Searching for the next big discovery
Searching for the next big discovery ► Specialist team – proven track record of Rare Earth Elements (REE) discovery and development ► Focussed on REE in Western Australia ► Tanami REE Project, WA: – 18km long corridor with strong potential for a major new unconformity-hosted heavy REE discovery – Wa
Slide 4: Corporate Overview
CORPORATE OVERVIEW Shares Share Market Cash on issue price capitalisation at bank* 98,463,601 14 cents $13.8m $5.3m Share price performance (ASX:PVW) Top shareholders Top 100 own 62.6% Jason Peterson 6.57% Lind Partners 5.52% Board 5.35% Other 82.56% 0 20 40 60 80 100 PVW RESOURCES | FEBRUARY 2023 *
Slide 5: Board and Management
BOARD AND MANAGEMENT DAVID WHEELER GEORGE BAUK COLIN MCCAVANA NON-EXECUTIVE CHAIRMAN EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR • David has more than 30 years of Senior Executive Management, • An experienced executive/director with 30 years in the resources • Colin has over 40 years’ experience in th
Slide 6: Right Place – Tanami REE and Gold
RIGHT PLACE – TANAMI REE AND GOLD Large-scale discovery potential in Australia’s new Heavy Rare Earth province ASX : PVW PVW RESOURCES | FEBRUARY 2023 6
Slide 7: Tanami – An Emerging Heavy Rare Earths Province
TANAMI – AN EMERGING HEAVY RARE EARTHS PROVINCE ► ~1,270km2 project, majority with limited exploration ► Systematic testing of key targets undertaken in 2022 ► Located within 15km of the Tanami Road – major upgrade underway ► Hydrothermal unconformity-related REE mineralisation identified at Watts R
Slide 8: Three Key Ingredients Driving the Exploration
THREE KEY INGREDIENTS DRIVING THE EXPLORATION. PVW Model The right stratigraphic setting Favorable hosts – unconformity between the Pargee Sandstone and Killi Killi Formation, breccia within the Killi Killi Formation, and NEW mafic targets. The right style of mineralisation Extensive surface mineral
Slide 9: 2022 Exploration Campaign Opens Up the Project
2022 EXPLORATION CAMPAIGN OPENS UP THE PROJECT. 2022 program complete ► Watts Rise and Castella RC drilling. 10,727m ► Regional air-core drilling 12km of prospective strike tested. 16,206m ► Watts Rise and Castella ground gravity surveys field data collection. ► Geological mapping and Geochemistry r
Slide 10: 2022 Regional Air-core – Confirms and Adds REE Targets
2022 REGIONAL AIR-CORE – CONFIRMS AND ADDS REE TARGETS RC drilling confirmed narrow REE mineralisation at Watts and Castella. Air-core – TREO Results: ► Monte Cristo (Killi Kill Fm – Saprolite Mafic Host) ‒ 10m @ 1,857ppm TREO (from 19m including 5m @ 3,071ppm TREO (65% HREO). ‒ 11m @ 1,037ppm TREO
Slide 11: 2022 RC Drilling – Positive Results and New Concepts
2022 RC DRILLING – POSITVE RESULTS AND NEW CONCEPTS ► RC drilling results at Watts Rise provided high grade gold results and positive TREO results. ► Mapping located breccia zone in outcrop that provided a NEW exploration target for 2023. ► Relationship between breccia/REE/gold will be tested with D
Slide 12: 2022 RC Drilling – High Grade Gold Results
2022 RC DRILLING – HIGH GRADE GOLD RESULTS 2022 RC drilling results High Grade results. Open at depth and open along strike. Results include: – 13m @ 3.72 g/t Au from 79m, incl. 2m @ 12.97 g/t Au from 79m, and incl. 1m @ 11.55 g/t Au from 83m – 14m @ 1.08 g/t Au from 64m, incl. 1m @ 6.81 g/t Au from
Slide 13: 2022 Regional Air-core – Right Stratigraphy and Gold
2022 REGIONAL AIR-CORE – RIGHT STRATIGRAPHY AND GOLD 2022 Air-core gold Air-core results identify a regional gold trend over 4km at Monte Cristo including: 2m @ 0.31g/t Au (308ppb Au), from 68m to end of hole Reconnaissance air-core drilling undertaken over only 12km strike Anomalous results are hig
Slide 14: Gascoyne
GASCOYNE New project accessing the Gascoyne Province REE prospectivity ASX : PVW PVW RESOURCES |DECEMBER FEBRUARY 2023 2021 14
Slide 15: Gascoyne Complementing the Tanami REE Portfolio
GASCOYNE COMPLEMENTING THE TANAMI REE PORTFOLIO Gascoyne Province – new project with REE potential ► Five tenements 316km2 secured over regional targets within the quickly advancing Gascoyne Province. ► Anomalous TREO stream sediment samples ► Extension of the Lockier Shearzone into PVW tenure, Lock
Slide 16: Acquisition – Key Terms
GASCOYNE COMPLEMENTING THE TANAMI REE PORTFOLIO Acquisition – key terms ► The acquisition of the project tenement holders (being Rare Metals Group PL and Tiger Metals PL) ► On execution, $40,000 cash and 1.578m shares (6 month escrow) ► $200,000 shares ($50,000 per tenement) on granting or 6 months
Slide 17: Right Team, Right Time for Rare Earths
RIGHT TEAM, RIGHT TIME FOR RARE EARTHS Ideal timing to discover and develop new independent sources of supply ASX : PVW PVW RESOURCES | FEBRUARY 2023 17
Slide 18: Rare Earths Are Critical to Many Industries
RARE EARTHS ARE CRITICAL TO MANY INDUSTRIES ► Underpins the best technology for ► Permanent magnets are essential to critical permanent magnets defence technology ► Permanent magnets are a critical ► Tanami region currently hosts a critical component of the EV future: deposit and processing facility
Slide 19: Rare Earths Have Emerged as a Critical Part of the New World
Rare Earths have emerged as a critical part of the New World PVW RESOURCES | FEBRUARY 2023 19
Slide 20: A Team of REE Experts
A TEAM OF REE EXPERTS Our REE experts, who were involved in the discovery of the Browns Range REE deposits and led Northern Minerals from greenfields exploration to production, are ready to do it again, differently. George Bauk, former Northern Robin Wilson, former Northern Colin McCavana, founder a
Slide 21: Gascoyne Complementing the Tanami REE Portfolio
GASCOYNE COMPLIMETING THE TANAMI REE PORTFOLIO Tanami ASX:PVW 7.9% 7.1% HUREE (xenotime) La Ce Pr Nd Eu Gd Tb Dy Yb Gascoyne ASX:HAS Pr + Nd Carbonatite (monazite) 32% Pie chart showing average distribution of Nd + Pr oxide in the TREO, Pie chart showing average distribution of REO for all samples w
Slide 22: PVW – Key Takeaways
PVW – KEY TAKEAWAYS ► Tanami Heavy REE project has all the ingredients to be a company-making, globally significant discovery ► Gascoyne REE project is located in the heart of the emerging Gascoyne REE province in WA ► Board and management team with first- hand experience in taking a greenfields REE
Slide 23: Thank You
THANK YOU Scan here to join our mailing list PVW Resources Limited Contacts Level 3, 1138 Hay Street George Bauk West Perth WA, 6005 T: +61 (0)408 931 746 PO Box 300 E: george@totode.com.au West Perth WA, 6872 Media Enquiries – Read Corporate Nicholas Read pvwresources.com.au T: +61 (0)419 929 046 A
Slide 24: Appendices
APPENDICES ASX : PVW 24 PVW RESOURCES | FEBRUARY 2023 24
Slide 25: Tanami – Under-Explored Gold Province
TANAMI – UNDER-EXPLORED GOLD PROVINCE Callie gold deposit, Newmont (Reserve 33.2Mt @ 5.3g/t Au) is an example of the potential within the Tanami. It is one of the most productive gold mines in Australia. Discoveries pending … ► PVW's tenure straddles prospective stratigraphy and structure ► Majors h
Slide 26: Rare Earth Companies – Market Capitalisations
RARE EARTH COMPANIES – MARKET CAPITALISATIONS ASX Code Based on Market Capitalisations, 1 Feb 2023 PVW RESOURCES | FEBRUARY 2023 26
Slide 27: Other Projects
OTHER PROJECTS Exploring in Tier-1 Jurisdictions ASX : PVW PVW RESOURCES | FEBRUARY 2023 27 27
Slide 28: Kalgoorlie
KALGOORLIE New ground, results and targets ASX : PVW PVW RESOURCES |DECEMBER FEBRUARY 2023 2021 28
Slide 29: Kalgoorlie – King of the West Exploring Under Cover
KALGOORLIE – KING OF THE WEST EXPLORING UNDER COVER King of The West auger +50ppb Au anomaly The main 2km long anomaly is 8km southeast from Golden Cities operations: Havana, Federal and Jakarta open pits. ► Located over major structures, including the hinge-line which defines the Scotia – Kanowna A
Slide 30: Leonora
LEONORA Opportunities to grow and discover ASX : PVW PVW RESOURCES | FEBRUARY 2023 30
Slide 31: Leonora – Significant Upside
LEONORA – SIGNIFICANT UPSIDE Brilliant Well Project, significant upside along underexplored greenstone belt ► Brilliant Well Project – Regional Aircore and targeted RC. Jungle Well – continuous tenure over ~15km strike ► Jungle Well – open along strike and down dip ► Two kilometres of near surface a
Slide 32: Ballinue
BALLINUE VTEM and Surface Sampling in 2023 ASX : PVW PVW RESOURCES | FEBRUARY 2023 32
Slide 33: Ballinue – Ni-Cu-PGE Project
BALLINUE – NI-CU-PGE PROJECT PVW has made three exploration licence granted in the highly prospective West Yilgarn Ni-Cu-PGE Province. ► This area was target following continued success by numerous explorers such as Chalice Mining, Pursuit Minerals, Caspin Resources, Todd River Resources and Desert