Blackstone Minerals Ltd · ASX:BSX
Blackstone Minerals — Investor Presentation (November 2017)
27 slides from Blackstone Minerals's investor presentation, Nov 14, 2017
Slide 1: Investor Presentation (BSX:ASX) November 2017
For personal use only Investor Presentation (BSX:ASX) November 2017 Exploring one of the world’s highest grade Cobalt-Gold projects British Columbia, Canada 14 November 2017
Slide 2: Investment Highlights
BLACKSTONE Investment Highlights M I N E R A L S Little Gem Project (cobalt & gold) For personal use only • Very high grade cobalt and gold exploration project in British Columbia, Canada • Historic drilling and adit channel sampling with average grades of 3% Cobalt and 20g/t Gold • First company to
Slide 3: Corporate Snapshot
BLACKSTONE Corporate Snapshot For personal use only M I N E R A L S Substantial Shareholders ASX Code: BSX Board & Shares on issue 60.8m Management Share Price (13 Nov 2017) 50c 21% Market Capitalisation A$30m Colestar Cash A$1.96m Management Corp Options 9.0m 12% Performance Shares 22.0m (managemen
Slide 4: Board & Management Team
Board & Management Team BLACKSTONE M I N E R A L S Proven track record of mineral discovery and corporate success Board & Management For personal use only Non-Executive Geologist with over 20 years corporate and technical experience, founder of Adamus Resources Limited, a A$3M Hamish Halliday Chairm
Slide 5: Little Gem Project
Little Gem Project BLACKSTONE M I N E R A L S One of the highest grade Cobalt projects in the world For personal use only • Excellent infrastructure in a well known historic mining district of British Columbia ~330km by road from Vancouver, Canada 6.2% Cobalt and 46 g/t Gold • The Little Gem Co-Au p
Slide 6: Little Gem Project: First company to explore in over 60 years
Little Gem Project BLACKSTONE M I N E R A L S First company to explore for over 60 years For personal use only • 1934: Little Gem Co-Au project discovered by prospectors • 1938-1939: United States Vanadium Corp developed Adit 1 & Adit 2 and suspended operations • 1940: Bralorne Mines completed Adit
Slide 7: Little Gem Exploration Highlights
Little Gem Exploration Highlights BLACKSTONE M I N E R A L S Consistent & numerous very high grade historic cobalt & gold results Historic drilling results Jewel Project For personal use only • 1.8m @ 2.4% cobalt & 112g/t gold (rock samples up to 75 g/t Au) • 3.3m @ 1.4% cobalt & 12g/t gold • 4.1m @
Slide 8: Cobalt focused peer comparison
For personal use only Market Capitalisation (A$M) - 100 120 140 160 180 200 20 40 60 80 Clean Teq Holdings Ltd 955 Australian Mines Ltd 332 European Cobalt Ltd Blackstone Minerals Limited | 14 November 2017 eCobalt Solutions Inc Ardea Resources Ltd First Cobalt Corp Aeon Metals Ltd GME Resources Ltd
Slide 9: Analogous to Bou-Azzer in Morocco
Analogous to Bou-Azzer in Morocco BLACKSTONE M I N E R A L S A world class Cobalt mine • Bou-Azzer in Morocco has Co-Ni Arsenide deposits with Au & Ag and is For personal use only currently one of the world’s only operating primary cobalt mines • Structurally controlled and concentrated mainly withi
Slide 10: Little Gem Geological Setting
Little Gem Geological Setting BLACKSTONE M I N E R A L S Dominant land position along strike from major historic gold mines Little Gem Mine For personal use only Jewel Mine (Cobalt-Gold) (Gold-Copper) Gold Bridge Bralorne Mine 3.0 Mozs Au @ 17g/t Roxey Prospect (Gold-Copper) Pioneer Mine 1.4 Mozs Au
Slide 11: Little Gem Local Geology Workings & Drill Holes
BLACKSTONE Little Gem Local Geology Workings & Drill Holes M I N E R A L S High grade massive sulphide zone with broader disseminated zones For personal use only Mineralised zone with surface samples up to 5.7% Co & 1,574 g/t Au over 0.4 m Adit 1 channel samples up to:- 1.8 m at 4.4% Co and 73 g/t A
Slide 12: Little Gem Local Geology Workings & Drill Holes
BLACKSTONE Little Gem Local Geology Workings & Drill Holes M I N E R A L S High grade massive sulphide zone with broader disseminated zones For personal use only Blackstone Minerals Limited | 14 November 2017 12
Slide 13: Australian Projects Summary
Australian Projects Summary BLACKSTONE M I N E R A L S Multiple targets for walk up drilling in Qtr1 2018 Pilbara Gold - Middle Creek Project (gold) For personal use only • Pilbara gold exploration, Nullagine & Beatons Creek Conglomerate • Visible gold in quartz veins • 1.3km untested gold in soil a
Slide 14: Pilbara Gold - Middle Creek Project
Pilbara Gold - Middle Creek Project BLACKSTONE M I N E R A L S Abutting Novo Resources & Millennium Minerals Rock samples up to 2.7g/t Au For personal use only over +500m of strike BLUE SPEC (Novo Resources) High grade soil samples Production of ~85,000oz @ 24g/t Au Resource of 219,000oz @ 16g/t Au
Slide 15: Pilbara Gold - Middle Creek Project
Pilbara Gold - Middle Creek Project BLACKSTONE M I N E R A L S Priority gold anomaly targeting visible gold in veins For personal use only 3.3g/t Au soil sample 1.0g/t Au soil sample Sub-cropping quartz veins with visible gold Blackstone Minerals Limited | 14 November 2017 15
Slide 16: Silver Swan South Gold & Nickel Targets
Silver Swan South Gold & Nickel Targets BLACKSTONE M I N E R A L S Adjacent two world class gold & nickel mines For personal use only Silver Swan and Black Swan Nickel Mines 166kt Nickel Targeted drill testing commencing in Q1 2018 Priority target area - 3m @ 3.54g/t Au from 60m; - 4m@1.3g/t Au from
Slide 17: Red Gate Project
Red Gate Project BLACKSTONE M I N E R A L S Walk up high priority gold drill testing Qtr1 2018 Mt Morgans Granny Smith • Large area covering 145km2; For personal use only 2.5Moz Au 4.5Moz Au • Within trucking distance of three Sunrise Dam major gold mines/processing plants: 11Moz Au Wallaby 8Moz Au
Slide 18: Summary
BLACKSTONE Summary For personal use only M I N E R A L S • One of the highest grade Cobalt projects in the world • Little Gem results average 3% Cobalt & 20g/t Gold • First company in over 60 years to undertake systematic exploration for Cobalt at Little Gem • Large land holding of untested highly p
Slide 19: Appendix: Cobalt peer comparison
Appendix: Cobalt peer comparison BLACKSTONE M I N E R A L S Blackstone ready for a re-rating Market Cap Market Cap (A$M) Cobalt Value For personal use only Deposit Type Company Ticker Other Elements Location (A$M) fully diluted (%)* Clean Teq Holdings Ltd CLQ.asx 955 1035 Sc, Ni New South Wales Aust
Slide 20: Appendix: Cobalt Supply
BLACKSTONE Appendix: Cobalt Supply M I N E R A L S Cobalt Mined by Primary Metal Cobalt Resources & Reserves by Location For personal use only Primary Cobalt Philippines China Nickel Laterite Cote d'Ivoire 3% Finland 14% Cuba Zambia Canada Nickel Sulphide 20% Copper Tonga 63% Dem. Rep. Congo Austral
Slide 21: Appendix: Cobalt Demand
BLACKSTONE Appendix: Cobalt Demand For personal use only M I N E R A L S Cobalt Demand for Battery Chemicals Cobalt Usage Other 32% Battery Chemicals 50% Superalloys 18% Source: Canaccord Genuity Source: Darton Consulting In a 100% EV world, incremental annual commodity Cobalt Deficit demand would d
Slide 22: Appendix: Bou-Azzer in Morocco
BLACKSTONE Appendix: Bou-Azzer in Morocco For personal use only M I N E R A L S Blackstone Minerals Limited | 14 November 2017 22
Slide 23: Appendix: Silver Swan South Drilling
BLACKSTONE Appendix: Silver Swan South Drilling M I N E R A L S 10 km to Silver Swan For personal use only KSC2181: 33m of disseminated and Black Swan Nickel and massive sulphide in Mines 166kt Nickel ultramafic (not assayed for Ni) LKNA118: 4m @ 0.4% Ni, 254ppm Cu, 50ppb Pt & Pd RIA 167: 3m @ 3.54g
Slide 24: Appendix: Red Gate Priority Prospects
BLACKSTONE Appendix: Red Gate Priority Prospects For personal use only M I N E R A L S • Significant intersection on the RED GATE PROJECT Project to date include:- 21km untested Greenstone Belt under thin cover • 12m @ 9.2 g/t Gold from 8m; • 14m @ 3.7 g/t Gold from 1m; • 10m @ 8.5 g/t Gold from 9m.
Slide 25: Appendix: Red Gate New Porphyry Prospect
BLACKSTONE Appendix: Red Gate New Porphyry Prospect M I N E R A L S Porphyry Porphyry East North For personal use only Porphyry North 14m @ 3.7g/t Au Porphyry West Porphyry East 10m @ 8.5g/t Au Porphyry West 12m @ 9.2g/t Au 600m long IP target New Porphyry prospect 79g/t Au Blackstone Minerals Limit
Slide 26: Forward Looking Statements
BLACKSTONE Forward Looking Statements M I N E R A L S ▪ This presentation may contain certain forward looking statements and projections regarding: For personal use only - estimated, resources and reserves; - planned production and operating costs profiles; - planned capital requirements; and - plan
Slide 27: November 2017
For personal use only 10 November 2017
Blackstone Minerals — Investor Presentation (November 2017) on 6ix