Lunnon Metals Limited · ASX:LM8
Lunnon Metals — Investor Presentation (June 2021)
15 slides from Lunnon Metals's investor presentation, Jun 16, 2021
Slide 1: ASX admission presentation
RIGHT TEAM >100yrs combined experience in district and commodities For personal use only RIGHT ADDRESS Globally significant nickel 16 June 2021 th & gold camp 28 ASX admission RIGHT ASSETS Ni Under-explored, missed last Ni boom, no modern exploration for >25 yrs ASX:LM8 79 Au RIGHT TIMING Supportive
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer For personal use only This material in this presentation has been prepared by employees of Lunnon Metals Ltd (“LM8” or the “Company”) on its behalf. This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or publ
Slide 3: "Kambalda Playbook"
“Kambalda Playbook” : ASX : LM8 For personal use only • Missed the last nickel boom • Two nickel mines and associated 9.0km prospective belt received no meaningful modern exploration for over 25 years (locked up in a global gold major) • JORC’12 Resources* • Already have 39,000t Ni metal JORC’12 Min
Slide 4: Corporate headlines
Corporate headlines For personal use only Capital structure Millions Board & management - direct experience Existing shares on issue (#) 46.5 - commodity / assets / location St Ives (GFI) – acq 49% Foster 44.7 project (#) Options (# broker/BoD/Mgt) 5.3 IPO offer (#) 50.0 Market capitalization at IPO
Slide 5: Use of Funds
2 Year Use of Funds For personal use only $M % Discovery Program - Nickel $ 8.8M 59% - Gold $ 0.9M 6% Re-establish site/initiate dewater $ 1.4M 9% plans Administration $ 2.34M 16% Insurances/Duty $ 0.46M 3% Expenses of Offer $ 1.07M 7% $ 15.0M 100% 2 year aggressive drill campaign – 12.6km Diamond,
Slide 6: Globally significant district
Globally significant district For personal use only The right address..... • Kambalda^ • 1.6Mt nickel metal mined, > 54Mt of ore since 1966 (at 3.1% Ni) • >14 Moz of gold sold since 1980 • LM8 owns two mines that produced > 90 kt Ni • No meaningful nickel exploration since mid 1990s • Multiple Ni tr
Slide 7: History, data and infrastructure rich
History, data and infrastructure rich 725m For personal use only Current JORC Resource in “elephant country” deep Foster shaft JORC 2012 Resource (>1% Ni L.C.O.) >350km DD core Deposit Mt % Ni Ni kt Foster 85H 0.69 2.4% 16.6 Foster Mine offices & workshop 0.34 4.7% 16.0 South Abundant 1920/30s Warre
Slide 8: Foster & Jan – proven producers
Foster & Jan – proven producers Foster Mine (decline & shaft) For personal use only Site played host in 1987 to a new WMC gold mill at St Ives Relatively shallow depth ~ 560m (vs Otter-Juan at 1,300m) 665m Lunnon Basalt *See Note *Note not all Exploration Results are reported - refer Competent Perso
Slide 9: Aggressive Program to grow Mineral Resource
2 Year Aggressive Program to grow Mineral Resource For personal use only Discovery Program > RC +/- DD > DHEM (Ni) > Geo-interp & grade estimation > JORC’12 > DDH, RC > DHEM (Ni) > Geo-interp & grade estimation > JORC’12 > Geochem/ground mags > Interp/analysis > RC/DDH bedrock test > DHEM > Historic
Slide 10: News flow / Price catalysts
News flow / Price catalysts For personal use only 2 year aggressive drill Target generation Assess / rank / prioritise / campaign Geophyx test 12.6km Diamond plus DHTEM of 6.6km Lunnon Sediment & other 15.4km RC historical drillholes stand alone targets JORC 2012 Resource growth Re-establish site /
Slide 11: Thank you…
Thank you… For personal use only Driller, Jack Lunnon (far right) overlooking Lake Lefroy from north side of Red Hill: with local and WMC dignitaries at site of KD1, discovery hole for nickel at Kambalda (not on Company’s tenements) (image source ABC Goldfields-Esperance: story dated 1st Feb 2016: i
Slide 12: Contact Us
Contact Us For personal use only Suite 5/11 Ventnor Avenue West Perth, WA 6005 PO Box 470 West Perth WA 6872 Tel: (08) 9226 0887 www.lunnonmetals.com.au 12
Slide 13: Appendices: Mineral Resource Statement
Appendices For personal use only Mineral Resource Statement Foster Mine Indicated Inferred Total Cut-off Shoot Tonnes % Ni Ni metal Tonnes % Ni Ni metal Tonnes % Ni Ni metal (Ni %) 85H 1% 387,000 3.3 12,800 300,000 1.3 3,800 687,000 2.4 16,600 Foster 1% 223,000 4.7 10,500 116,000 4.8 5,500 340,000 4
Slide 14: Competent Persons Statement
Competent Persons Statement For personal use only Mineral Resources The information in this presentation that relates to nickel Mineral Resources is based on and fairly represents information compiled and reviewed by Mr. Aaron Wehrle, who is a Member of the Australasian Institute of Mining and Metal
Slide 15: Competent Persons Statement
Competent Persons Statement Not All Exploration Results reported – ASX listing rule 5.6 & 5.7 For personal use only This Statement is made to address ASX Listing Rules 5.6 & 5.7 and Appendix 5A (JORC Code) clauses 18 & 19 and is in relation to the matter that Not All Exploration Results have been re