Zenith Minerals Limited · ASX:ZNC
Zenith Minerals — Investor Presentation (May 2024)
25 slides from Zenith Minerals's investor presentation, May 2024
Slide 1: Australian-based Mining Exploration Company
Australian-based Mining Exploration Company Leveraged to the developing clean energy world Zenith Minerals Limited (ASX:ZNC) COMPANY UPDATE – MAY 2024
Slide 2: Forward Looking & JORC Statements
Forward looking statements Some statements in this Company Update regarding prospects, estimates or future events are forward looking statements. They involve risks and uncertainties that could cause actual results to differ from estimated results. Forward looking statements include estimates or ass
Slide 3: Investment Highlights
100% owner of the highly prospective Split Rocks and Waratah Well lithium projects in Western Australia Highly leveraged to future green energy demand, along with ongoing corporate activity in the lithium sector Investment Highlights Undertaking strategic review of lithium business to maximise value
Slide 4: Corporate Snapshot
Major Shareholders Share Price Shares on Issue $0.084 352.4m Corporate Market Cap Cash1 Directors 2.7% Top 20 Snapshot BNP Paribas Noms 8.6% $28.5m $1.1m HSBC Custodian Noms 8.6% Hold 48% Citicorp Noms 6.3% Listed Equities Enterprise Value Tilbrook 5.2% $1.65m $25.8m As at 31-Mar-2024 Share Price La
Slide 5: Zenith Board & Management
Zenith Board & Management Michael Clifford Andrew Grove Chris Shanley Managing Director Non-Executive Director Exploration Manager • Geologist (BSc (Hons) MSc) 35+ years’ exploration. Senior • 30+ years’ experience in the global resources sector, most • Chris joined Zenith Minerals Limited on 27th M
Slide 6: Lithium & Gold
Lithium & Gold • Primary focus on Split Rocks and Waratah Well lithium Projects • Near term focus on Gold Projects Project Ownership % Other Interest Waratah Well 100% Split Rocks 100% Hayes Hill Right to acquire 100% Red Mountain 100% 75% Rumble Resources Earaheedy JV – 25% Free Carried Interest (A
Slide 7: Lithium
Lithium Zenith Minerals Limited Investor Presentation – May 2024 7
Slide 8: WA Lithium Projects
WA Lithium Projects Western Australian Lithium Landscape 3 8 7 14 Lithium Lithium Mines JORC Advanced Hydroxide Resources exploration Facilities plays (Tianqi, Covalent and Kemerton) Zenith owns one of each of these Notes: 1. Slide 15 for details, (excludes Resources at Mines) 2. Based on the criter
Slide 9: Split Rocks – Strong Blue-Sky Potential
Split Rocks – Strong Blue-Sky Potential 2022 Program – 100 holes for 22,369m - results include1: Extensive tenement holdings (367 26m @ 1.2% Li2O sq km) in the Forrestania 10m @ 1.7% Li2O greenstone belt north of Mt Holland 13m @ 1.9% Li2O lithium mine (SQM-Wesfarmers) +$9.4M spend on Split Rocks &
Slide 10: Waratah Well - Lithium
Waratah Well - Lithium Located 20km northwest of Yalgoo in the Murchison Region, 190km from the Geraldton Port Discovery of shallow blind high grade lithium mineralisation from RC drilling in pegmatites just north of an outcropping 4x2km pegmatite field. Pegmatites shallow dipping up to 24 metres th
Slide 11: Waratah Well – High Grade Lithium Drill Results
Waratah Well – High Grade Lithium Drill Results PLAN High-grade lithium open to north, south and east under shallow soil cover 10m @ 1.4% Li2O including 6m @ 2% Li2O Significant follow-up RC drilling planned and budgeted Heritage cleared and ready to go CROSS SECTION For full results drill refer ASX
Slide 12: Azure Capital Appointed as Corporate Adviser
Azure Capital Appointed as Corporate Adviser Recent ZNC Updates Recent ZNC Updates • Strategic review of Zenith’s Lithium business - maximise value for shareholders 1 Maiden Lithium Mineral Resource at Split Rocks • Zenith will assess all options for future funding including potential strategic IMAR
Slide 13: Zenith Lithium Projects
Zenith Lithium Projects Split Rocks • JORC Inferred Mineral Resource 11.9Mt @ 0.72% Li2O, 415ppm Cs, 75ppm Nb, 217ppm Sn and 59ppm Ta (0.5% Li2O cut-off grade)1 • Best intersections • 26m @ 1.2% Li2O • 10m @ 1.7% Li2O • 13m @ 1.9% Li2O Waratah Well • 10m @ 1.4% Li2O including 6m @ 2% Li2O (2) Notes:
Slide 14: Gold
Gold Zenith Minerals Limited Investor Presentation – May 2024 14
Slide 15: Hayes Hill – Gold
Hayes Hill – Gold Hayes Hill Gold Targets1 Drilling a large (2.5km long) new gold target Project located between major multi-million-ounce gold mining districts of Central Norseman and Higginsville Open pit gold mining active immediately west of project area Drilling commencing May 2024. Notes: 1. Z
Slide 16: Hayes Hill – Nickel
Hayes Hill – Nickel Green Bananas Nickel Prospect1 RC drill test planned of Green Bananas nickel sulphide target, a requirement of the option agreement Strong discrete ground EM geophysical bedrock conductor (up to 20,000 siemens) modelled immediately west of nickel auger anomaly with peak values of
Slide 17: Red Mountain Gold-Silver Intrusion Related Breccia Pipe
Red Mountain Gold-Silver Intrusion Related Breccia Pipe Located 400km northwest of Brisbane in central PLAN CROSS SECTION Queensland - between Cracow (Aeris Resources) and Mt Rawdon (Evolution Mining) gold mines Compelling high-grade gold and silver intersections including:1 • 13m @ 8.0g/t Au from s
Slide 18: Appendix – Additional Project Information and Data References
Appendix – Additional Project Information and Data References Zenith Minerals Limited Investor Presentation – May 2024 18
Slide 19: WA Lithium Exploration Projects and Transactions References
WA Lithium Exploration Projects and Transactions Western Australian lithium exploration projects with drill intersections >10m @ 1%Li2O(1) Name Reference Owner References Bounty ASX: KDR 19 December 2017 Wesfarmers Limited & SQM JV (Covalent Lithium) South Ironcap ASX: WSA 22 April 2016 IGO Limited
Slide 20: WA Lithium Exploration Projects and Transactions References
WA Lithium Exploration Projects and Transactions Reference Company ASX:Ticker Date Transaction Summary1 (Takeover bid of ESS) by Tianqi Lithium Energy Australia (TLEA JV own 51% Tianqi Lithium Corporation and 49% IGO) to acquire 100% of A Essential Metals ESS 9/01/2023 ESS References SQM to invest A
Slide 21: Split Rocks – Rio Prospect
Split Rocks – Rio Prospect 2022 Program – 100 holes for 22,369m Extensive drilling program planned to test strike Best intersections include1: 26m @ 1.2% Li2O extensions & geochemical targets 10m @ 1.7% Li2O Rio Mineral Resource (Sep 2023) - open along strike 13m @ 1.9% Li2O PLAN CROSS SECTION B’ B
Slide 22: Split Rocks – Rio Prospect
Split Rocks – Rio Prospect Maiden Rio Mineral Resource – Sep 2023 The Mineral Resource estimate for the Split Rocks Rio project reported at a 0.5% Li2O cutoff is shown below. The entire resource is classified Inferred and is open at depth and along strike. Pegmatite domains and optimised pit Rio Lit
Slide 23: Split Rocks (Dulcie Far North) – Gold
Split Rocks (Dulcie Far North) – Gold Dulcie Far North Resource Expansion Plan projection of Inferred Mineral Resource Gold Grade Maiden Inferred Mineral Resource – 3.4 million tonnes @ 1.4g/t Au for 150,000 ounces1 High grade gold mineralization intersected, including: • 12m at 6.07 g/t Au1 • 5m at
Slide 24: Earaheedy – Zinc/Lead/Silver
Earaheedy – Zinc/Lead/Silver (25% free carry to completion of BFS) Zenith holds a 25% free carried interest in the Earaheedy Joint Venture (EJV) with Rumble Resources Ltd (ASX:RTR) 3D View maiden EJV Zn-Pb-Ag Inferred Mineral Resource - 100% basis An emerging Tier-1 base metal province in WA Maiden
Slide 25: Australian-Based Minerals Explorer for the Products of Tomorrow
AUSTRALIAN-BASED MINERALS EXPLORER FOR THE PRODUCTS OF TOMORROW Zenith Minerals Limited (ASX:ZNC) www.zenithminerals.com.au