Hammer Metals Limited · ASX:HMX
Hammer Metals — AMEC Investor Briefing 2017
32 slides from Hammer Metals's conference presentation, Nov 4, 2017
Slide 1: AMEC Investor Briefing
Hammer Metals Limited ABN. 87 095 092 158 AMEC Investor Briefing November 4 2017
Slide 2: Who is Hammer Metals?
Excellence in Copper Exploration in Australia Who is Hammer Metals? • Focussed on the highly prospective Mount Isa Mineral Province with a very large (3000km2) tenement holding • Targeting Tier 1 copper-gold deposits in a Tier 1 mining district • 2015 Queensland Explorer of the Year • Experienced
Slide 3: What is Hammer's Purpose?
Excellence in Copper Exploration in Australia What is Hammer’s Purpose? To discover a large copper-gold deposit in the Mount Isa region that will bring meaningful benefits to our stakeholders HAMMER METALS LTD | 3
Slide 4: Why Hammer?
WhyHammer? Why Hammer Best Ground - Hammer is one of the largest ground holders (3200km2) in Australia’s biggest base metals producing province - Mount Isa. Hammer has significant resource inventory and range of Tier 1 copper targets Best People - Hammer management includes Exploration Manager M
Slide 5: Corporate Summary
Corporate Summary Corporate Summary (November (August 2017) 2017) HMX share price – last 12 months Board of Directors Geologist with +30 years’ of exploration and development experience. Previously Russell Davis Exploration Director and NED of Gold Road Chairman Resources Limited and MD of Syndicate
Slide 6: Mount Isa Project Overview
Mount Isa Mount Hammer’s ProjectIsa Overview Tenement Holding Hammer has a major land position (3000km2) located in the Mount Isa province One of the world’s most significant iron oxide copper-gold (IOCG) provinces and is Australia’s largest lead, zinc and silver producer; hosting almost 30% of the
Slide 7: BHP says electric cars will boost copper demand
Mount Isa Copper Project Overview Outlook BHP says electric cars will boost copper demand (The Australian - November 3, 2017) BHP Billiton says electric car production could boost global copper demand by half in the next 18 years, adding to the groundswell of excitement from miners and mining invest
Slide 8: Copper Price Starting to Move
Mount Isa Copper Project Overview Outlook Copper Price Starting to Move HAMMER METALS LTD | 8
Slide 9: Hammer's Mount Isa Resource Inventory
Hammer’sMount Hammer’s MountIsa Isa Resource Resource Inventory Inventory Hammer has a 100% interest in JORC resources of copper, gold, molybdenum, rhenium, cobalt & iron Deposit Tonnes CuEq Cu Au Co % Mo % Re g/t Fe % mt % g/t Kalman 20 1.8 .61 .34 - .14 3.7 - Overlander 1.8 - 1.2 - .045 - - - Mill
Slide 10: Multiple Tier-1 Copper Targets
Multiple Tier-1Strategy Exploration Exploration Targets Tier-1 Copper Targets - Multiple Strategy: Consolidate and control a large under-explored project area Regional and prospect scale structurally driven targeting methodology - ZL Sustained and systematic exploration targeting large copper-
Slide 11: Recent Acquisitions - Elaine
Recent Acquisition’s Recent Acquisitions - Elaine Low cost purchase enhancing ground holding: Purchase of Chinalco’s Mount Isa region tenement interests High grade gold – 30m at 6.7g/t Au Includes Elaine Dorothy Copper-Gold Deposit, Gem Copper Deposit and several IOCG targets Priority is hig
Slide 12: Recent Acquisitions - Mt Frosty JV
Recent Acquisition’s Recent Acquisitions - Mt Frosty JV Mary Kathleen Shear JV with MIM. 51% HMX and 49% MIM. High Grade Copper Gold close proximity to both Mary Kathleen and Copperchem’s Mount Colin High grade copper-gold results at Jubilee include; 10m @3.37% Cu & 2.28 g/t Au from 107m 9
Slide 13: Kalman Mineral Resource Estimate
Kalman Copper-Gold-Molybdenum-Rhenium Deposit Kalman Mineral Resource Estimate Open pit and underground potential Remains open at depth Good potential for base load plant feed Classification Mining Method Tonnes (t) CuEq (%) Indicated Open Pit 7,100,000 1.5 Inferred Open Pit 6,200,000 1.6 Infe
Slide 14: Overlander - IOCG Target, Newmont JV
Overlander –– IOCG Overlander Target Copper Deposit + IOCG Target Newmont JV Large system - 6km of strike, 6km west of Kalman Strong IOCG OVD002 looking southeast alteration intersected in diamond drill holes OVD001 – OVD003 Some excellent copper grades and thickness: with coincident 75m @ 1.33%
Slide 15: Tourist Zone - Newmont JV
Tourist Zone Tourist Zone Newmont JV Similar geological position to Overlander and 2km to west Mineralised breccias, silicification and ‘red rock’ alteration Previous drilling returned: • 26m at 1.04% Cu and 0.24g/t Au in TRC-11 and • 35m at 1% Cu and 0.18g/t Au in TRC-19 HAMMER METALS LTD | 1
Slide 16: Hammertime - Larger soil anomaly than at Kalman
Hammertime– Larger soil anomaly than at Kalman Hammertime 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. Only one drill hole to date – mineralised top to bottom HAMMER METALS LTD | 16
Slide 17: Kalman West Gold - Drilling Now
Kalman West Gold – Drilling Now First two holes: 1 metre at 36.9g/t Au from 101 metres in HKWRC0011 and 1 metre at 3.93g/t Au from 13 metres in HKWRC002 9 hole follow-up RC drilling program underway HAMMER METALS LTD | 17
Slide 18: Pilgrim Fault VTEM
Pilgrim Fault VTEM 2016 - VTEM Survey in progress over Kalman
Slide 19: Pilgrim Fault - Multiple VTEM Targets
Pilgrim Fault Pilgrim Fault Multiple VTEM Targets 23km stretch of the Pilgrim Fault was flown by a VTEM survey late 2016 to look for massive sulphide zones such as those seen in Kalman South. Several conductors have been identified for drill testing after the Dronfield drilling program, likely l
Slide 20: Mt Philp Breccia - IOCG Target
Mt Philp Mt PhilpBreccia Breccia IOCG Target Large breccia body located north of Kalman between the Fountain Range and Pilgrim Faults. Extensive untested areas of red-rock (magnetite-hematite-potassium feldspar) alteration, brecciation and intrusive activity. Target is a large breccia hosted I
Slide 21: Mt Philp Breccia
Mt Philp Breccia Mt Philp Breccia Mt Philp Iron Deposit
Slide 22: Other Commodities - Potash & Graphite
Other Commodities – Potash & Graphite • Potash – Regional K radiometrics delineated 5km x 2.5km zone of K2O enrichment. 31 rock chip samples averaged 9% K2O with a maximum of 12% K2O in microcline-rich rhyolite? Located 25km northeast of Duchess and adjacent to railway line. • Graphite – High grade
Slide 23: What's coming up - Drilling Multiple Targets
Summary What’s coming up – Drilling Multiple Targets Drilling at Kalman West, Serendipity & Elaine for Gold, Drilling at Hammertime, Pharaoh & Jubilee for Copper-Gold Drilling at Millennium for Cobalt-Copper-Gold Mt Philp Breccia sampling and mapping + airborne surveys HAMMER METALS LTD | 23
Slide 24: Why Hammer?
Summary Why Hammer? Great Ground Position at Mount Isa Substantial Cu-Au-Mo-Co Resource Inventory Multiple Large Scale Copper and Gold Targets Experienced Exploration Team Great Partners Active Field Programs HAMMER METALS LTD | 24
Slide 25: Thank You
Summary Thank You HAMMER METALS LTD | 25
Slide 26: Disclaimer & Competent Person Statements
Disclaimer Disclaimer & Competent & Competent Person Person Statements Statement Disclaimer This presentation by its nature contains summarised information. See Hammer’s other periodic and Resource Estimates continuous disclosure announcements lodged with the Australian Securities Exchange, which ar
Slide 27: Kalman Resource Estimate & Notes on Copper Equivalence
KalmanResource Kalman ResourceEstimate Estimate & & Notes Notes on On Copper Copper Equivalence Equivalence Calculation Calculation The Kalman Mineral Resource Estimate was updated in August 2016 in accordance with the JORC Code (2012 Edition). (Refer to the ASX Release dated 27th September 2016 for
Slide 28: Kalman Resource Estimate & Notes on Metallurgical Recoveries
Kalman Resource Kalman Resource Estimate & & Notes Estimate Notes on On Metallurgical Metallurgical Recoveries Recoveries 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
Slide 29: Millennium Resource Estimate & Notes
Millennium Resource Millennium Resource Estimate Estimate&& Notes Notes on On Copper Copper Equivalence Equivalence Calculation Calculation The Millennium Mineral Resource Estimate was conducted in December 2016 in accordance with the JORC Code (2012 Edition). (Refer to the ASX Release dated 6th Dec
Slide 30: Overlander Mineral Resource Estimate
Millennium Resource Overlander Estimate & Mineral Resource Notes On Copper Equivalence Calculation Estimate The 100%-owned Overlander Project is situated 60 kilometres to the southeast of the mining centre of Mount Isa in North West Queensland and 6 kilometres to the west of Hammer’s Kalman copper-g
Slide 31: Mt Philp Mineral Resource Estimate
Millennium Mt. Resource Philp Mineral Estimate & Resource Notes On Copper Equivalence Calculation Estimate The Mineral Resource Estimate is based on 48 diamond and reverse circulation (RC) drillholes completed in 2011 for a total of 3,801 metres (m). Drilling comprises fans located on a nominal 100
Slide 32: Elaine Project Mineral Resource Estimate
Millennium Elaine Resource Project Estimate Mineral & Estimate Resource Notes On Copper Equivalence Calculation The Elaine Project Mineral Resource Estimate is based on approximately 30 holes to a depth of 450 metres below surface. A resource estimate was first completed and reported to ASX by previ