Tungsten Mining Nl · ASX:TGN
Tungsten Mining Nl — Shareholder Meeting (November 2019)
20 slides from Tungsten Mining Nl's shareholder meeting presentation, Nov 22, 2019
Slide 1: Company Update – AGM 22 November 2019
For personal use only Company Update AGM – 22 November 2019
Slide 2: Disclaimer
For personal use only Disclaimer This presentation includes certain statements that may be deemed The information contained in the report that relates to Mineral Resources, ‘forward-looking statements’. All statements, other than statements of Exploration Targets and Exploration Results is based on
Slide 3: Tungsten – unique properties
Tungsten – unique properties For personal use only o 3 Highest melting point Highest tensile strength Lowest co-efficient of 3422oC expansion Wolfram Tungsten High density Non-corrosive Making it a commodity of critical importance in today’s global economy
Slide 4: Tungsten Market
Tungsten Market For personal use only 2018 End Use Demand Market Price for APT Source: ITIA, Fastmarkets MB
Slide 5: Project Portfolio
Project Portfolio For personal use only ▪ Tungsten Mining has built a portfolio of advanced tungsten development projects delivering control of a massive inventory of contained metal ▪ 100% owned Mineral Resources* of 179 Million tonnes at 0.14% WO3, containing more than 25.8 million MTU (metric ton
Slide 6: Mt Mulgine Tungsten Project
Mt Mulgine Tungsten Project For personal use only
Slide 7: Mt Mulgine Mineral Resources
Mt Mulgine Mineral Resources For personal use only Trench 71.7Mt @ 0.16% WO3 Hill 12.3Mt @ 0.16% WO3 Refer accompanying Mineral Resource Statement on page 19 of this presentation.
Slide 8: Mulgine Hill project
Mulgine Hill project For personal use only ▪ Completion of infill drilling at Mulgine Hill – Upgrade of MRE to > 75% Indicated Resources (at a 0.10% WO3 Cut-off) ▪ Sterilisation drilling highlighted much greater extent of WO3 and Mo mineralisation ▪ Receipt of fixed price EPC submissions for design,
Slide 9: 2018 Drilling Extends Mineralisation
2018 Drilling Extends Mineralisation For personal use only ▪ 2018 drilling highlights potential to increase Mulgine Hill tungsten Resource ▪ Drill testing of historical molybdenum prospect confirms molybdenum potential (together with tungsten)
Slide 10: X-ray ore sorters and small-scale gravity plant owned outright
For personal use only X-ray ore sorters and small- scale gravity plant owned outright
Slide 11: Mulgine Trench
For personal use only Mulgine Trench
Slide 12: PFS for large scale tungsten project
PFS for large scale tungsten project For personal use only ▪ Strategic review and preliminary economic assessment (Scoping Study) of large scale mining and processing activities at Mt Mulgine strongly supports implementation of a pre- feasibility study April 2019 ▪ PFS to assess options and recommen
Slide 13: PFS progress to date
PFS progress to date For personal use only ▪ Completion of 28,279 m of RC drilling since July 2019 at Mulgine Trench ▪ Drilling continues to intersect significantly more tungsten-molybdenum mineralisation than predicted by the 2014 Mineral Resource estimate ▪ Update of Mineral Resource estimate expe
Slide 14: Mulgine Trench Resource Drill out
Mulgine Trench Resource Drill out For personal use only ▪ Infill drilling confirms bulk tonnage potential of the Mulgine Trench deposit ▪ Drilling continues to intersect substantial thicknesses of tungsten mineralization within a 150-220 metre thick zone at Mulgine ▪ Better intersections reported to
Slide 15: Mulgine Trench Resource Drillout
Mulgine Trench Resource Drillout For personal use only
Slide 16: Mulgine Trench Resource Drillout
Mulgine Trench Resource Drillout For personal use only
Slide 17: Corporate Overview
Corporate Overview For personal use only Capital Structure ASX: TGN Shares on issue 729 million Unlisted Options 85 million Market Capitalisation $145m (at 20 cps) Cash as at 30/9/2019 $31.3 million Board and Management Gary Lyons Non-Exec Chairman Experienced company director and businessman Tan Sr
Slide 18: Mt Mulgine – Mineral Resources
Mt Mulgine – Mineral Resources For personal use only
Slide 19: Mineral Resource Inventory
Mineral Resource Inventory For personal use only Refer to September Quarterly Report released to ASX on 30 October 2019 Excludes 20% interest in Hatches Creek Mineral Resources comprising inferred resources of 225,000 tonnes @ 0.58% WO3
Slide 20: Thank you
For personal use only Thank you Primary contacts: Gary Lyons Craig Ferrier Chairman Chief Executive Officer t: +618 9486 8492 e: gary.lyons@tungstenmining.com e: craig.ferrier@tungstenmining.com
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