Aeon Metals — Noosa Mining Conference 2022
18 slides from Aeon Metals's conference presentation, July 2022
Slide 1: Walford Creek Cu-Co-Zn-Ni 2022 Exploration
Walford Creek Cu-Co-Zn-Ni 2022 Exploration July 2022
Slide 2: Important cautionary statement
Important cautionary statement This document has been prepared by Aeon Metals Limited (Aeon) for the purpose of providing a comprehensive company and technical overview to parties that have the potential to participate or otherwise shape the final project definition and related outcomes. This docume
Slide 3: Dominant Emerging Basin Tenement Package
Dominant Emerging Basin Tenement Package Walford Creek Project (100%) • World class copper province • >95,000m drilling over past 5 years • >44Mt polymetallic Mineral Resource underpins development with ~97% in measured and indicated (38%, 59%) • Significant near resource potential • Regional upside
Slide 4: Existing Mineralisation
Refer to Aeon’s ASX release of 21 March 2022 (Walford Creek Resource Upgrade) for full details of the Mineral Resources Estimates update. Aeon confirms that it is not aware of any new information or data that materially affects the information included in that ASX release. All material assumptions a
Slide 5: Resource Expansion Opportunities
Resource Expansion Opportunities 5 Refer to Aeon’s ASX releases dated 29th March 2022 (Walford Creek Exploration Strategy)
Slide 6: Unlocking Further Potential at Walford Creek
Unlocking Further Potential at Walford Creek • Mineralisation associated with Fish River fault over ~10 km in 3 known resources - Vardy, Marley & Amy • Two distinct mineralised loads – Py1 (upper) and Py3 (lower) • Mineralisation tenor decreases with distance from fault • Strong repeatable metal zon
Slide 7: Implications for Exploration
Implications for Exploration • Shown right is a schematic cross section showing the stylised relationship between the high-grade copper core (red) and the surrounding peripheral cobalt mineralisation (blue) and various locations of drillholes. • Holes shown are on section, with collars within 100 me
Slide 8: The Model Works – Demonstrated Exploration Success
The Model Works – Demonstrated Exploration Success 2015 2015 2021 All Resources (>0.5% Cu) at 2015 and 2019. Drill holes shown as grey traces, or purple traces when classified as “Targeted”. Systematic Targeted drilling of PY1 and PY3 is required at Le Mans and Amy 8 Refer to Aeon’s ASX releases dat
Slide 9: 2022 Walford Creek Exploration Strategy Summary
2022 Walford Creek Exploration Strategy Summary Two rigs currently drilling as part of a 6-month exploration program within the 10km Amy Vardy trend, and on regional targets within the Walford creek package. The Aeon Board has set a target to demonstrate the potential scalability for the Walford Pro
Slide 10: 2022 Near Resource Exploration
2022 Near Resource Exploration • Three holes completed in 2021 targeting PY1 and PY3 mineralisation, over ~400 metre extension to Marley West Resource • PY1 demonstrated significant mineralisation within the peripheral zone with 60 metres @ 0.49% Cu Eq ~55 metres from the FRF • PY3 thinner than expe
Slide 11: Why Le Mans?
Why Le Mans? Le Mans Vardy Le Mans Vardy 11 Refer to Aeon’s ASX release dated 11th February 2022 (step out drilling identifies Vardy repeat at Le Mans zone)
Slide 12: Why Amy West?
Why Amy West? West Amy presents a potential opportunity for a significant zone of higher copper mineralisation o Hole WFDH378 located to the west intersected 13m @ 3.73%Cu, 0.27%Co and 49gt Ag from 300m including 9m @ 5.1%Cu & 0.36% Co. o Hole WFDH352 located to the east intersected 42m @ 2.55% Cu &
Slide 13: 2022 – Regional Exploration
2022 – Regional Exploration Drilling an initial 4,000 metres testing regional targets and flying high resolution Aerial Electro Magnetics (AEM) to unlock further potential Objective one – Complete AEM over the broader Walford Creek Project area ➢ AEM to further refine existing targets. ➢ AEM to comb
Slide 14: Expanding Geophysical Dataset for Regional Targeting
Expanding Geophysical Dataset for Regional Targeting ➢ $200K CEI grant received for flying AEM over Walford Project Area. ➢ Historic AEM data (1998) exists only proximal to Reprocessed AEM survey done by Amy and Vardy CSIRO in 1998 clearly shows the conductive PY1 shale horizon (in ➢ Existing survey
Slide 15: Exploring Deeper Mineralisation “repeats”
Exploring Deeper Mineralisation “repeats” ➢ Vardy Deeps target area • Was defined using high resolution gravity data collected in Q2 2021 • Geophysical modelling shows a dense body sitting beneath the Vardy mineral resource within the Walford Dolomite. This feature cannot be explained by the current
Slide 16: Walford Creek exploration potential
Walford Creek exploration potential 100% ownership, 416 km2, first mover status, plus Ground Position Basin Edge tenements to east (1,254 km2) 10 km strike from Vardy East to Amy West, 2+ Known Extent mineralised zones, fault structure controlled Cu & Co dominate, same basic ore type Right Mineralis
Slide 17: Aeon Metals snapshot
Aeon Metals snapshot CAPITAL STRUCTURE Developing Walford Creek sustainably Cash Raised A$7.2 m May 2022 Share price (10 November 2021) A$0.028 Shares outstanding 1,005 m High High resource & metal Market capitalisation A$28 m renewables utilisation recoveries OCP debt facility (29th April 2022) * A
Slide 18: Contact
Contact Pete Moorhouse Exploration Manager Pete.Moorhouse@aeonmetals.com.au