Hammer Metals Limited · ASX:HMX
Hammer Metals — Investor Presentation (June 2014)
24 slides from Hammer Metals's investor presentation, Jun 6, 2014
Slide 1: Hammer Metals Limited Presentation June 2014
For personal use only HAMMER METALS LIMITED ABN. 87 095 092 158 PRESENTATION June 2014
Slide 2: Corporate Summary (June 2014)
CORPORATE SUMMARY (JUNE 2014) For personal use only Russell Davis Alex Hewlett Nader El-Sayed Patrick Corr Chairman Executive Director Director Director Technical Commercial Finance Legal April 2014 Ordinary Shares 71,005,107 Preference Shares 6,306,405 Unlisted Options @ $0.20 15,300,000 Unlisted O
Slide 3: Queensland Portfolio Summary
QUEENSLAND PORTFOLIO SUMMARY For personal use only COPPER + MOLYBDENUM Queensland, Australia 1950Km2 320Km2 Mount Isa Region Mount Morgan Region Golden Peaks HAMMER METALS LTD | 2
Slide 4: Mount Isa Project Overview
MOUNT ISA PROJECT OVERVIEW For personal use only Major land position located in the Mount Isa province “sandwiched” between several major players including; • Glencore Xstrata (Mount Isa, E1, Ernest Henry). • BHP Billiton (Cannington). • Chinova Resources (Osborne, Merlin, Mt Elliott). • CopperChem
Slide 5: Future Growth
FUTURE GROWTH For personal use only Strategy: • Develop a mining hub centred on Kalman. • Define resources within a truckable distance of Kalman. • Focus on base and precious metals in a globally significant mining district; • Consolidate the Mt Isa Mineral Province, focussing on the central trend b
Slide 6: Mount Isa Priority Targets
MOUNT ISA PRIORITY TARGETS For personal use only Objective: To create a mining hub centred on the Kalman deposit. How: To define a number of resources within close trucking distance of Kalman. Priority Targets • Kalman • Serendipity • Overlander • Python • Kalman Andy’s Hill 60Mt Copper/Moly/ • Pind
Slide 7: Kalman (District Hub)
KALMAN (DISTRICT HUB) For personal use only Multiple areas for the current resource to be extended, key areas include; • Northern Fault offset target mineralisation. • High grade Cu open at depth and to South (including 9m @ 20%Cu, 0.47g/tAu from 581m). • High Grade Mo open at depth and to South. •
Slide 8: Kalman Resource
KALMAN RESOURCE For personal use only Kalman Deposit Mineral Resource Estimate (Reported at 0.3% CuEq cut-off above 100m RL and 1.0% CuEq cut-off below 100m RL) Mining Tonnes CuEq Cu Au Ag Mo Re Classification Method (kt) (%) (%) (ppm) (ppm) (%) (ppm) Inferred Open Pit 22,000 1.1 0.42 0.22 1.1 0.07
Slide 9: Kalman High Grade Zones
KALMAN HIGH GRADE ZONES For personal use only • High grade copper-gold: – 7.6m at 23.4% Cu, 0.5g/t Au & 20g/t Ag from 581.65m in K106A – 77m at 1.4% Cu & 1.3g/t Au from 700m in K106A – 25m at 3.8% Cu & 0.94g/t Au from 712m in K106C • High grade molybdenum-rhenium: High Grade Core from Copper-Gold Zo
Slide 10: Overlander
OVERLANDER For personal use only • Preliminary RC Drilling has identified zones of high grade Cu with Co from surface. • 6km of strike. • 6km West of Kalman. Overlander North March 2014 Mineral Resource Estimate (0.5% Cu Cut-off) Tonnes Cu Co Cu Tonnes Co Tonnes Classification t % ppm t t Measured -
Slide 11: Overlander
OVERLANDER For personal use only • First holes drilled by Hammer intersected - 1. 14m @ 2.62% Cu from 76m in OVRC003 2. 10m @ 1.45% Cu from 63m in OVRC001 3. 9m @ 2.58% Cu from 49m in OVRC004 4. 7m @ 2.24% Cu from 121m in OVRC012 5. 12m @ 1.2% Cu from 31m in OVRC010 • Resource potential at both Over
Slide 12: Western IOCG Corridor
WESTERN IOCG CORRIDOR For personal use only • Large IOCG System extending from Mt Philp in the North all the way to Andy’s Hill in the South. • Significant Cu, Au and Rare Earth mineralisation in drilling (please refer to IOCG ASX announcement 20/05/2014). • Next step in exploration to best define d
Slide 13: Pelican
PELICAN For personal use only • Kalman - style copper-gold in previous drilling. • 3km South of and directly along strike from Kalman. • Open-pit potential. • RC drilling proposed. HAMMER METALS LTD | 12
Slide 14: Serendipity / Python
SERENDIPITY / PYTHON For personal use only • Extensive gold in soil anomalies on the Pilgrim Fault. • 25m @ 0.5g/t Au from 137m in drillhole at Serendipity. • Shallow drilling to test the extent of mineralisation. HAMMER METALS LTD | 13
Slide 15: Pindora South
PINDORA SOUTH For personal use only • Systematic rockchips over 950m averaging 3%Cu and 0.6g/tAu. • 5.5Km South East of Kalman. • Along strike of Pindora copper mine. • RC Drilling proposed to test Cu, Au anomaly. HAMMER METALS LTD | 14
Slide 16: Tiny Boot
TINY BOOT For personal use only • 250m copper gossan at surface. • 1.6Km along strike from Chinalco Ltd’s new discovery “Elaine no 3”. • 5km south of CopperChem Ltd’s Mount Colin. • 25Km North from Kalman. • VTEM survey planned. HAMMER METALS LTD | 15
Slide 17: Mount Morgan Region
MOUNT MORGAN REGION For personal use only Golden Peaks Project • Base metal & gold project located near infrastructure & industrial centres in Central Queensland. • 3 granted tenements over 240km2. • Covers volcanic sequence that hosts world-class 8 million ounce Mount Morgan gold – copper deposit.
Slide 18: Mount Morgan Region
MOUNT MORGAN REGION For personal use only • Project tenements cover equivalent stratigraphy to that hosting Mount Morgan deposit. • Mineralised volcanic stratigraphy can be traced for over 40km along the range. • Series of known altered and mineralised zones with ore grade intersections. FROM INTERV
Slide 19: Mount Morgan Region
MOUNT MORGAN REGION For personal use only • VTEM survey completed 2013. • Interpretation highlights several conductors. • Follow-up planned when access permitting completed. HAMMER METALS LTD | 18
Slide 20: Appendix: Queensland Resources
APPENDIX: QUEENSLAND RESOURCES For personal use only Kalman Deposit Mineral Resource Estimate Reported at 0.3% CuEq cut-off above 100m RL and 1.0% CuEq cut-off below 100m RL [Refer to ASX release dated 19/03/2014] Mining Tonnes CuEq Cu Au Ag Mo Re Classification Method (kt) (%) (%) (ppm) (ppm) (%) (
Slide 21: Appendix: Queensland Resources
APPENDIX: QUEENSLAND RESOURCES For personal use only Mount Philp Iron Mt Philp Resource Summary at zero cut-off grade Tonnes Geological Boundary Category Fe (%) SiO2 (%) P (%) AI203 (%) TiO2 (%) LOI (%) (Million) Haematitic Indicated 12.78 48.82 27.55 0.01 1.14 0.34 0.30 Siliceous Indicated 6.33 26.
Slide 22: Appendix: Western Australian Resources
APPENDIX: WESTERN AUSTRALIAN RESOURCES For personal use only Leonora Resource Prospero June 2011 Inferred Mineral Resource Estimate (1.0g/t Au cut-off grade. ASX release 4/07/2011) Au Uncut Au Zone Type Tonnes (g/t) (ounces) Oxide 609,000 1.4 27,900 Transitional 287,000 1.4 13,300 Fresh 200,000 1.4
Slide 23: Disclaimer & Competent Person Statements
DISCLAIMER & COMPETENT PERSON STATEMENTS For personal use only Disclaimer Overlander North Resource Estimate This presentation by its nature contains summarised Mr Downing consents to the inclusion in the report of the Where the Company refers to the Overlander North Mineral information. See Hammer’
Slide 24: Notes on Copper Equivalence Calculation
NOTES ON COPPER EQUIVALENCE CALCULATION For personal use only Copper equivalent (CuEq) grades were calculated using estimated block grades for Cu, Au, Ag, Mo and Re. The CuEq calculation is based on commodity prices and metallurgical recovery assumptions as detailed in this release. Prices agreed to