New Age Exploration Limited · ASX:NAE
New Age Exploration — Beer & Co Tin Conference 2017
20 slides from New Age Exploration's conference presentation, Nov 3, 2017
Slide 1: Redmoor Project Update Presentation
Redmoor Project Update Presentation For personal use only Beer & Co Tin Conference, Melbourne 8 Nov 2017 ASX Release | 3 November 2017 New Age Exploration Limited (“NAE” or “the Company”) is pleased to announce that its Managing Director, Gary Fietz, will be presenting the attached presentation on t
Slide 2: Redmoor Tin-Tungsten Project Update
For personal use only Redmoor Tin-Tungsten Project Update Beer & Co Tin Conference 8 November 2017
Slide 3: Disclaimers & Competent Person's Statement
Disclaimers & Competent Person’s Statement Forward Looking Statements - This report contains “forward-looking information” that is based on the Company’s For personal use only expectations, estimates and forecasts as of the date on which the statements were made This forward-looking information incl
Slide 4: Cornwall Resources Limited
Cornwall Resources Limited For personal use only • Redmoor Project is owned by Cornwall Resources Limited (CRL) – a 50/50 Joint Venture between: • New Age Exploration Ltd (NAE), ASX Listed • Strategic Minerals plc (SML), AIM Listed • SML earned a 50% interest in Redmoor for a £1.05M Earn In Payment
Slide 5: Redmoor Location and Licence
Redmoor Location and Licence • World-class Cornish tin–tungsten–copper mining district For personal use only • Redmoor significant historic mine in Kelly Bray area, near Callington • Modern operating mines in the region; Drakelands (tungsten) and china clay • Other projects in the region - South Cro
Slide 6: The CRL team
The CRL team • Strong local team, many of whom have links to SW England For personal use only • Exploration Manager - Brett Grist - Geologist, 19 years global experience • Senior Geologist - James Blight - 10 years global exploration experience • Community Advisor - Jeff Harrison - Mining Engineer,
Slide 7: Community & Environment
Community & Environment • Minimising community and environmental impacts has been a key aim For personal use only • Positive community engagement throughout, resulting in good support • 14 community meetings held since November 2016 • No complaints received • Drilling required land access agreements
Slide 8: Redmoor – A Significant Historic Mine
Redmoor – A Significant Historic Mine • Redmoor mine - multiple historically-mined lodes For personal use only • Mining commenced 1700s and continued to 1943 • Intense activity at Redmoor and surrounds justified opening of a mineral railway line and station at Kelly Bray • Redmoor was a significant
Slide 9: Modern Exploration – 1980's
Modern Exploration – 1980’s • In 1980, South West Consolidated Resources began work in the Redmoor area For personal use only • Work included a 35 hole (12,146m) diamond drilling campaign, and delineation of a maiden resource • Metallurgical work indicated a coarse grained ore, amenable to recovery
Slide 10: Geology & Mineralisation
Geology & Mineralisation • The host rock or ‘killas’, consists of Devonian slates and shales, west of the Kit Hill granite intrusion For personal use only • Redmoor area contains a number of mineral lodes and structures containing Sn, W, & Cu • Johnson’s Lode and Kelly Bray Lode were commercially mi
Slide 11: Redmoor - 2015 Resource
Redmoor - 2015 Resource 2.3Mt High Grade Inferred Resource and 13.3Mt Total Inferred Resource 1 For personal use only 3D View Looking East Redmoor 2015 Inferred Mineral Resource Estimate 1, 2 Description Tonnage (Mt) Sn (%) WO3 (%) Cu (%) SnEq (%) Johnson's Lode 0.8 0.55 0.36 0.78 1.37 Great South L
Slide 12: Redmoor – Comparable Tin Projects
Redmoor – Comparable Tin Projects The Redmoor High Grade Resource is one of worlds highest grade new tin projects The 2017 drilling aims to upgrade the Redmoor High Grade Resource For personal use only off-chart - Bisle= 4.7Mt @ 4.0% Sn 2.6 2.4 San Rafael 2.2 2.0 South Crofty Resource Grade (Tin Equ
Slide 13: CRL 2017 Drilling Program
CRL 2017 Drilling Program • A two-rig drilling program commenced in March 2017 For personal use only • Drilling completed 30 October; 20 holes for 7,046m • Assay results now available for Phase 1 (first 15 holes) • Phase 2 results (remaining 5 holes) expected by year end • Objective of drilling has
Slide 14: CRL 2017 Phase Drilling Results - Significant Intercepts
CRL 2017 Phase 1 Drilling Results - Significant Intercepts The Highlight of the 2017 program has been a number of strong intercepts from high grade zones within the SVS and adjacent Kelly Bray lode including: For personal use only CRD007: 14.8 m @ 1.00 % SnEq from 245.7 m including 2.5 m @ 3.39 % Sn
Slide 15: Long section through the SVS showing main intercepts
Long section through the SVS showing main intercepts For personal use only
Slide 16: Schematic diagram of high grade zones within SVS
Schematic diagram of high grade zones within SVS For personal use only
Slide 17: Next Steps
Next Steps • Phase 1 and 2 Drilling (20 diamond holes, 7,046m) completed 30/10/17 For personal use only • Phase 2 Results (5 holes) Q4 2017 – focussed on SVS High-Grade Zones • Resource update Q1 2018 Activity Sept '17 Oct '17 Nov '17 Dec '17 Jan '18 Feb '18 Mar '18 Results Remaining Ph. 1 & Ph. 2 R
Slide 18: Tungsten Outlook
Tungsten Outlook Tungsten has rallied 45% since start of 2017 with current spot price at ~US$ 285 / mtu after reaching highs of ~US$335 / mtu in September For personal use only 350 325 300 275 USD / MTU 250 +45% 225 2017 YTD 200 175 150 31-Dec-15 31-Mar-16 30-Jun-16 30-Sep-16 31-Dec-16 31-Mar-17 30-
Slide 19: NAE Corporate
NAE Corporate Experienced Management Team and Supportive Major Shareholder (RCF 34%) For personal use only Alan Broome AM Chairman Gary Fietz Managing Director Mike Amundsen Director A metallurgist with over 40 years’ experience in A mining executive with over 30 years’ A corporate advisor with over
Slide 20: New Age Exploration Limited
For personal use only New Age Exploration Limited ABN 64 004 749 508 Level 3, 480 Collins Street Melbourne, VIC 3000 Australia Phone: +61 3 8610 6494 Fax: +61 3 8610 6334 Email: info@nae.net.au Website: nae.net.au