Somerset Minerals Limited · ASX:SMM
Somerset Minerals — Merger or Acquisition (December 2024)
23 slides from Somerset Minerals's merger presentation, Dec 12, 2024
Slide 1: Update to: Presentation – Acquisition of High-Grade Copper Project
12 December 2024 Update to: Presentation – Acquisition of High-Grade Copper Project Somerset Minerals Limited (the ‘Company’) refers to its “Presentation – Acquisition of High- Grade Copper Project” that was announced on 10 December 2024. The Company has updated the referencing and MRE information o
Slide 2: Coppermine: New High-Grade Copper Acquisition
COPPERMINE: NEW HIGH-GRADE COPPER ACQUISITION ASX:SMM Investor Presentation December 2024
Slide 3: Disclaimer
Disclaimer Cautionary Statements & Disclaimer The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. Please note that, in providing this presentation, the Company has not considered t
Slide 4: Corporate Overview
Corporate Overview Capital Structure SMM 206.2m $2.7m $0.6m $2.1m 46.2m ASX Code Shares on Issue Market Cap Cash Enterprise Value Options1 (Undiluted) (undiluted at $0.013/sh) (As at 30 Sept 24) 3 Board of Directors Chris Hansen Mike Edwards Melanie Ross Managing Director Non-Executive Chairman Non-
Slide 5: Investment Highlights
PRESCOTT Investment Highlights Nunavut, Cu-Ag-Zn-Pb Capital Structure Conditional agreement The Prescott Project COPPERMINE executed to acquire the includes a significant land Nunavut, Cu-Ag high-grade Coppermine package directly along Project adjacent to White strike and adjacent to Cliff Minerals
Slide 6: Prime Location
Prime Location Both projects located adjacent to coast Access to designated sealift route 5 Historical mining district Kugluktuk with established logistics network and supportive local government Year-round mining, with reliable shipping windows Somerset Minerals
Slide 7: Copper Mine Project
COPPER MINE PROJECT Nunavut (Cu, Ag)
Slide 8: Coppermine Project
Coppermine Project 1,208 km land holding in the historic Coppermine region WHITE CLIFF MINERALS IVANHOE ELECTRIC (ASX:WCN; MCap A$32m) (NYSE:IE; MCap A$1.67b) 1.65% Cu Kugluktuk Wanda Hulk Somerset Minerals (1,208 km2) 55.01% Cu, 37 g/t Ag 7 39.93% Cu, 153 g/t Ag Stark White Cliff Minerals Jura (1,2
Slide 9: Coppermine: Laphroaig District
Coppermine: Laphroaig District 46.07% Cu, 46 g/t Ag Pat 44.43% Cu, 32 g/t Ag High-grade copper-silver trend immediately 55.01% Cu, 37 g/t Ag along strike from White Cliffs’ Vision District Vision 36.7% Cu, 223 g/t Ag • Somerset’s Laphroaig District is located immediately south of White 6.4% Cu, 7 g/
Slide 10: Coppermine: Ardbeg District
Coppermine: Ardbeg District 13.45% Cu, 11 g/t Ag 13.45% Cu, 14 g/t Ag Along strike from White Cliff Minerals Thor & Rocket targets, supported by historical drilling 54.12% Cu, 14 g/t Ag 53.47% Cu, 26 g/t Ag • Somerset’s Ardbeg District is located immediately south of White Cliff Minerals’ Thor and R
Slide 11: Coppermine: Oban District
Coppermine: Oban District Drill-ready targets leveraging off historic drilling & surface sampling results Danvers • Oban contains a number of historic drillholes from the 1960’s, providing 4.16Mt @ 2.96% Cu1 the Company with drill-ready targets for its maiden field season. At least eight historic dr
Slide 12: Coppermine: Jura District
ASX:SMM 10/12/2024 Fault Copper Occurrence Coppermine: Jura District Non JORC or NI 43-101 Historic Resource Somerset Minerals 7.0 km high-grade mineralised trend supported by historical drilling to the north • Somerset’s Jura District is located to the east of the main project area Historical Resou
Slide 13: Target Mineralisation Styles
Target Mineralisation Styles Three principal styles: fissure-hosted, sedimentary-hosted and basalt flow top replacement The Coppermine River area has abundant high- Copper Target: grade copper showings at surface, hosted in several mineralisation styles. The area is Copper Target: Fissure Hosted Min
Slide 14: Regional Geology
Regional Geology Project contains ~1,055 km2 of the prospective Copper Creek Formation basalts Local geology is dominated by the Coppermine River group, which hosts numerous high grade copper lodes occurring as chalcocite, bornite, chalcopyrite, and native copper, in brecciated fault zones and withi
Slide 15: Prescott Project
PRESCOTT PROJECT Nunavut (Cu, Ag, Zn, Pb)
Slide 16: Prescott Base Metals Project
Prescott Base Metals Project Spanning over 240km, the Prescott Project area has excellent potential to host Sedimentary Hosted Copper deposits (Cu-Ag) and Mississippi Valley- Type deposits (Zn-Pb) • The Prescott Project includes a significant land package directly along strike and adjacent to Americ
Slide 17: Anticlinal Structure Results in Repetition of Geology
Anticlinal Structure Results in Repetition of Geology An interpreted anticlinal structure has resulted in a potential repetition of the same geological sequence which hosts the neighbouring Storm Project, but on the adjacent Prince of Wales Island. 16 Somerset Target Area Source: ASX:SMM 29/04/2024.
Slide 18: Mineralisation Model
Mineralisation Model Somerset is targeting sediment hosted copper deposits akin to the neighboring Storm deposit (ASX: AW1). 1. Oxidised Source Rock Source rock must be haematite stable and contain ferromagnesian minerals from which copper can be leached. Typical source rocks are continental red san
Slide 19: Other Projects
OTHER PROJECTS
Slide 20: Elizabeth Gold Project & Blackdome Mine
Elizabeth Gold Project & Blackdome Mine High grade gold exploration with future options for expediting production Elizabeth Gold Project • High-grade mesothermal gold mineralization present in wide (~1.5 - 5m) vein sets • Elizabeth Project is approximately 30km south of the Blackdome mill and is con
Slide 21: Zamora Copper-Gold Projects
Zamora Copper-Gold Projects Copper and gold exploration in Ecuador adjacent to Lundin Gold’s Fruta del Norte Project Zamora • Somerset’s projects in Ecuador are located in heart of the Cordillera del Condor mineral belt of southeast Ecuador that hosts numerous major gold and copper porphyry deposits
Slide 22: A Level 2, 22 Mount Street, Perth WA 6000, Australia T
A Level 2, 22 Mount Street, Perth WA 6000, Australia T +61 8 6188 8181 W somersetminerals.com.au
Slide 23: Board of Directors
Board of Directors Chris Hansen Mike Edwards Melanie Ross 22 Non-Executive Director Non-Executive Chairman Non-Executive Director & Company Secretary Mr Hansen is a multidisciplinary metals and mining Mr Edwards is a Geologist and Economist with over 25 years' Ms Ross is an accounting and corporate
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