Enterprise Metals Limited · ASX:ENT
Enterprise Metals — Shareholder Meeting (November 2015)
27 slides from Enterprise Metals's shareholder meeting presentation, Nov 24, 2015
Slide 1: Annual General Meeting Presentation
Annual General Meeting Presentation 24 NOVEMBER 2015 “Sandfire’s Monty opens up potential for more Cu/Au discoveries at Doolgunna…..” The road to Vulcan, northeast of Doolgunna homestead Gold specimen from Vulcan costean PAGE 1
Slide 2: Important Information
Important Information Disclaimer The information in this document has been prepared as at 24 November 2015. The document is for information purposes only and has been extracted entirely from documents or materials publicly filed with the Australian Stock Exchange and/or the Australian Securities and
Slide 3: Tightly held – low enterprise value
Tightly held – low enterprise value Capital Structure 2015 Share Price & Volume Share Price (close 20 November 2015) A$ 0.033 Shares on Issue # 294,685,247 Options on Issue 1 # 30,662,500 Market Capitalisation A$m $9.7 m Cash 2 A$m $0.8 m Debt A$m Nil Enterprise Value 3 A$m $ 8.9 m 1. Three tranches
Slide 4: Enterprise's Doolgunna Focus
Enterprise’s Doolgunna Focus DOOLGUNNA PROJECT 100% OTHER PROJECTS Fraser Range Apollo Minerals (AON) 70% & operating ENT 30% free carried to completion of BFS Darlot Independence Group (IGO) earning 51% by expenditure of $1.7M Right to earn up to 70-80% IGO sole funding & operating PAGE 4
Slide 5: Capricorn Orogen – Cu/Au Province
Capricorn Orogen – Cu/Au Province Highly prospective for Cu/Au deposits 1942-53: Small scale mining 1955-71: “Thaduna” 2009: Sandfire “DeGrussa” 2013: Sipa “Enigma” 2014: ENT “Vulcan” targets 2015: SFR “Monty” discovery Southern Boundary Fault and Goodin Fault represent deep crustal sutu
Slide 6: ENT Strong Land Position
ENT Strong Land Position Over 1,100km2 tenure, prospective for VHMS and SEDEX style deposits PAGE 6
Slide 7: Multiple Targets
Multiple Targets Pathfinder Elements Cu, Te, Bi, Sb, W, Mo, Sn PAGE 7
Slide 8: Vulcan, 2nd most exciting Cu/Au play after Monty
Vulcan, 2nd most exciting Cu/Au play after Monty PAGE 8
Slide 9: Copper Soil Geochemistry
Copper Soil Geochemistry Regional similarity between ENT’s Vulcan and SFR’s Monty Peak Resources Ltd* Monty copper soil geochemistry Enterprise Metals Vulcan copper soil geochemistry Processing by Nigel Brand of Geochemical Services Pty Ltd *Dept Mines, Open File Data PAGE 9
Slide 10: Vulcan and Goodins Prospects
Vulcan and Goodins Prospects “2nd most exciting Cu/Au prospect after Monty….” Vulcan & Goodins Au & Cu Drilling results on 1st VD Magnetic Image ~8km strike of favourable stratigraphy PAGE 10
Slide 11: 2015 Vulcan Moving Loop EM
2015 Vulcan Moving Loop EM • Right geology • Right structure • MLEM: Effective search tool Geology Interpretation over Greyscale Magnetic Image Note: Geology for non-Enterprise tenements sourced from Sandfire Resources NL and Talisman Mining Ltd public reports. PAGE 11
Slide 12: Vulcan Moving Loop EM
Vulcan Moving Loop EM SPECIFICATIONS • Loop size: 200m x 200m • Line spacing: 400m (200m infill) • Station Spacing: 100m (50% overlap most moves) • Frequency: 0.5 Hz minimum • Transmitter: VTX-100 • Max Current: 100 Amp • Max Volts: 500 Volts • Receiver: EMIT SMARTem24 • Sensor: EMIT Smart Fluxgate
Slide 13: Vulcan West MLEM - Profiles
Vulcan West MLEM - Profiles EM Profile Plot Channel 32 • Channels 10 – 39 • Conductor is non-stratigraphic • Hosted in bedrock (Narracoota/Karalundi FM’s) • Moderate to strong conductor • Well-defined exponential decay fit in late channel data (+150msec range) • Time constant (tau) estimate +48msec.
Slide 14: Vulcan West MLEM - Modelling
Vulcan West MLEM - Modelling EM Plate Model Strike length: ~340m. Dip: 64° towards NW (327°) Dip extent: ~300m. Depth to top of plate: ~ 135m Conductance: ~3030 S. Plan: 2 holes to intersect plate at 210m and 280m Vulcan West, Modelled Plate with Proposed Drill Holes PAGE 14
Slide 15: Vulcan – Monty comparison
Vulcan – Monty comparison Monty Area Vulcan Area Geology Narracoota Volcanics + Narracoota Volcanics + sediments sediments Structural Splay on Goodin Fault Goodin Fault setting Geochem Extensive Cu soil anomaly Extensive Cu soil anomaly + pathfinders +Au + pathfinders +Au 1st Pass Shallow RC, Cu/Au
Slide 16: Doolgunna SEDEX targets
Doolgunna SEDEX targets Multi-element anomalies (Te, Bi, Sb, Mo, As, W, etc) from 1km x 1km Maglag 2014: Borg & Azan Infill Maglag 250m x 250m 2015: Borg Infill Maglag 250m x 125m Borg & Azan “Spectrem” AEM targets Tellurium Maglag Geochem “Tellurium often occurs with large gold deposits & cop
Slide 17: Borg Prospect
Borg Prospect MAGLAG GEOCHEMISTRY VTEM 2km x 1km anomaly Highly anomalous Te Coincident with other base metal 14 pathfinder elements 4 TELLURIUM ANOMALY GEM + Cu, As, Bi, Sb, W, Mo, Sn Bounded by SBF & associated with EM Goodin Fault 9 RC holes Sept/Oct 2015 1m resplit assays & EM awaite
Slide 18: Borg Prospect – 2015 RC Drill Chips
Borg Prospect – 2015 RC Drill Chips Laminated-massive & semi-massive sulphides in sediments ENT: ASX release 06 Oct 2015 *2015 drilling program Co-funded by WA State Gov’t/DMP EIS Scheme PAGE 18
Slide 19: Borg Prospect-RC chip geochemistry
Borg Prospect-RC chip geochemistry • RC drilling confirmed surface geochemical anomalism • Cu/Zn anomalism correlates with Te, Se, Bi, Sb, Sn in fresh rock • Conclusion: Metals introduced into sediments by orogenic fluids PAGE 19
Slide 20: SEDEX Search Criteria
SEDEX Search Criteria Tectonic setting Yerrida Basin Rift, sag, deformation Capricorn Orogen Source rocks Volcanics – basalts, etc Copper rich Heat flow Archaean Goodin Dome Hydrothermal systems Major Structures Southern Boundary Fault Basin bounding faults Goodin Fault Favourable Hosts Black shales
Slide 21: Fraser Range Project
Fraser Range Project Fraser Range History: 1965-1971: Newmont 1995-2008: Creasy et al 2012: Sirius - Nova discovery ENT 2009-2013: Aeromag, soil sampling & AEM ENT 2014: Plato: 6 hole RC/DC, NiS intersected 39 FLEM ground surveys 6 RC drill holes Plato South Potential for Ni/Cu depos
Slide 22: Multiple Target Areas - close to SIR Tenure
Multiple Target Areas - close to SIR Tenure ENT/AON ground is well placed with respect to Sirius tenements, over core of gravity high, interpreted to be a large layered mafic complex Sirius Resources’ Tenements & JV’s Source: Sirius Resources NL SIR: ASX release 28 January 2015 PAGE 22
Slide 23: Plato - First Target Drill Tested
Plato - First Target Drill Tested* Plato soil geochem data over magnetic Ni “low”, co-incident with elevated nickel, copper, cobalt Magnetic “low” is olivine gabbronorite intrusive within mafic complex PLRCD003, at 337.4 metres Downhole ENT: ASX release 30 July 2014 Niton XRF on Sulphides: 5.5%
Slide 24: Darlot Project - Overview
Darlot Project - Overview Archaean Yandal greenstone belt Proven gold & base metal endowment Independence Group (ASX:IGO) JV Minimum $0.5M in Year 1, completed A 51% interest by spending $1.7M, Up to 70 - 80% interest by sole funding pre-feas study on JORC Resource 60km from IGO Jaguar
Slide 25: Directors & Senior Management
Directors & Senior Management Name Role Background Dr Jingbin Wang Non-Executive Dr Wang is Executive Director of China Nonferrous Metals Resource Geological Survey, a position he has held BSc, MSc, PhD Chairman since 2003. He has also held the title of Vice-President of the China Nonferrous Metals
Slide 26: Competent Person Statement
Competent Person Statement The information in this Presentation (Report) that relates to Exploration Results is extracted from Public (ASX) Reports previously published by Enterprise Metals Limited which are available for viewing on the ASX and ENT websites. The information in this Presentation that
Slide 27: Doolgunna 2015
Doolgunna 2015 Principal Registered Office Suite 2, 91 Hay Street SUBIACO WA 6008 Telephone: +61 8 9381 2808 Facsimile: +61 8 9381 5545 Website: www.enterprisemetals.com.au Email: info@enterprisemetals.com.au PAGE 27
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