Pursuit Minerals Ltd · ASX:PUR
Pursuit Minerals — Investor Presentation (October 2017)
18 slides from Pursuit Minerals's investor presentation, Oct 23, 2017
Slide 1: Discovery, Resource Definition, Value Capture
+ Discovery For personal use only + Resource Definition + Value Capture Within the world’s greatest base metal province – the Mt Isa Super Basin in Northern Queensland
Slide 2: Summary
Summary • Focussed on world-class zinc and copper projects in Mt Isa Super-Basin, North QLD For personal use only • Current Zinc Cycle - “Stronger for Longer” • Maximise Project Valuations during next 12-24 months • Bluebush Project Ø Largest zinc mineral system in Australia Ø Drilling has defined a
Slide 3: Company Snapshot (ASX:PUR)
Company Snapshot (ASX:PUR) Quality assets Capital Structure For personal use only • Bluebush Zinc Project (Nth QLD) • $6M raised in June • Paperbark Zinc and Copper Project • Shares: 65,370,468 (Nth QLD) • Share price: $0.225 • Coober Pedy Project (South Aust.) • Market capitalisation: $14.8M • Acqu
Slide 4: Stronger For Longer Zinc Cycle
Stronger For Longer Zinc Cycle • Zinc deficit was 203,000t for the first For personal use only 6 months of 2017, twice the last predicted deficit* • In 2016 • 3.6% increase in refined zinc consumption • 4% decrease in mine supply • 5.5% decrease refined zinc production • Australian zinc decreased by
Slide 5: Maximise Project Values During Upswing
Maximise Project Values During Upswing For personal use only Example of last zinc price cycle
Slide 6: Mt Isa Super Basin – Worlds Premier Base Metal Province
Mt Isa Super Basin – Worlds Premier Base Metal Province • Mt Isa Super Basin is the world’s For personal use only greatest base metal province: • Six major zinc-lead SEDEX deposits • World class copper deposits • World class BHT deposit • Close proximity to the recently closed Century Mine in an are
Slide 7: Project Portfolio
Project Portfolio For personal use only Location • Paperbark — 25km SE of Century Mine • Bluebush — 72km NE of Century Mine Regional Infrastructure • Road access • Power line • Concentrate pipeline to the coast
Slide 8: Bluebush Zinc – Lead Project
Bluebush Zinc – Lead Project • The largest sediment hosted deposit in the For personal use only Mt Isa Province, with >120km2 of greater than 1% Zn • Abundant space to locate high-grade deposit of McArthur River or Century style, grade and size 2017 Drill Program Objective Outline of ~1% Zn • Locate
Slide 9: Bluebush Zinc: Drilling Results
Bluebush Zinc: Drilling Results For personal use only • 5 holes drilled for 5m @ 2.41% Pb+Zn* 1482m, testing five third order sub-basins • Sub-Basin between BB03-17 and BB04-17 11m @ 2.4% Pb+Zn* has characteristics suggestive of globally 3m @ 7.61% Pb+Zn* 134m @ 0.45% Pb+Zn* significant zinc system
Slide 10: Bluebush Zinc: Teena Project Analog
Bluebush Zinc: Teena Project Analog For personal use only • Mineralised brecciated fault zone in drill hole BB04-17 is analogous to the mineralised Jabiru Fault above the Teena Zinc Deposit Ø 3.4m @ 3.4% Pb+Zn in fault zone Ø 250-300m stratigraphically above a World-Class Mineral Resource Ø 58Mt @ 1
Slide 11: Bluebush Zinc – BB04-17
Bluebush Zinc – BB04-17 • Drill hole BB04-17 Intersected a zinc mineralised For personal use only brecciated fault zone Ø 5m @ 2.41% Pb+Zn* Ø 1m @ 7.69% Pb+Zn* Ø 9m @ 2.04% Pb+Zn* • Mineralisation in BB04-17 may represent “fault leakage” from zinc mineralisation at depth similar to Teena, Century, M
Slide 12: Paperbark Project
Paperbark Project • JB Zone JORC inferred mineral resource of 10Mt @ 3% Pb+Zn* For personal use only Ø Explore copper zone underneath resource by drilling through the JB Mineral Resource (one hole) • Grunter North Ø >900m of >1% Cu at surface (2 holes) • JE Prospect Ø Strongest zinc anomalies on pro
Slide 13: Paperbark Project: JB Prospect Lead-Zinc Deposit
Paperbark Project JB Prospect – Lead-Zinc Deposit For personal use only • 10Mt @ 3% Pb+Zn* • Heavy media separation of ore upgraded mill feed to approx. 15% Pb+Zn • 94.8% recovery to 55.6% Zn concentrate • 90.1% recovery to 60.3% Pb concentrate • Potentially open pittable • Drilling of copper zone u
Slide 14: Paperbark Project: Grunter North Copper Zone
Paperbark Project • Grunter North Copper Zone For personal use only • 7km long anomalous copper zone, which is currently untested* • Similar structural setting to Gunpowder copper deposit • 900m zone of >1% Cu at surface • Copper oxide and copper sulphide potential • Two drill holes planned, commenc
Slide 15: Paperbark Project: Stonemouse Prospect
Paperbark Project • Stonemouse Prospect For personal use only • +500m zone of lead and zinc at surface* • Exceptional grades at surface • 37.8% Pb & 5.66% Zn • 23.2% Pb & 13.05% Zn • Historical drilling to the west and north did not test main mineralised zone • Two holes planned to test depth extent
Slide 16: Summary
Summary • Current zinc cycle - Stronger For Longer For personal use only • Maximise project valuations in next 12-24 months • Bluebush Project Ø Drilling has successfully defined a focal point to the zinc system Ø Geological indications are extremely positive and drilling will be conducted in 2018 t
Slide 17: Competent Persons Statement
Competent Persons Statement For personal use only • Statements contained in this announcement relating to exploration results are based on, and fairly represents, information and supporting documentation prepared by Mr. Jeremy Read, who is a member of the Australian Institute of Mining & Metallurgy
Slide 18: Disclaimer
Disclaimer • This Company Presentation (“Presentation”) is for informational purposes only and is not a prospectus, disclosure document or offer document under the Corporations Act 2001 (Cth) or any other law. This Presentation does not constitute, and is not to be For personal use only construed as
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