Somerset Minerals Limited · ASX:SMM
Somerset Minerals — Tempus Resources — Investor Presentation (November 2021)
28 slides from Somerset Minerals's investor presentation, November 2021
Slide 1: An Americas Focused Gold Explorer and Developer
AN AMERICAS FOCUSED GOLD EXPLORER AND DEVELOPER ASX: TMR INVESTOR PRESENTATION TSX.V: TMRR OTCQB: TMRFF November 2021
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain “forward-looking information” within the expectations contained in, the forward-looking information and statements are meaning of applicable Canadian securities legislation. Such forward-looking reasonable, undue reliance should not be placed on such inf
Slide 3: Overview
OVERVIEW Actively exploring in two prolific mining districts: Canada and Ecuador Elizabeth / Blackdome Gold Projects - British Columbia, Canada > Tier one jurisdiction – Southern British Columbia, near the Bralorne gold camp (+4m oz historic production). > Historic inferred resource at Elizabeth of
Slide 4: Financial Snapshot
FINANCIAL SNAPSHOT Listed on the ASX (TMR), TSX.V (TMRR) and OTCQB (TMRFF) Share and Capitalization Metrics Shareholder Structure Issued and Outstanding1 125.0M Institutional Investors Options/Warrants on 11.2M (~10%) Issue2 (Avg Ex price A$0.24) Board/Management Performance Rights1 3.8M /Insiders 1
Slide 5: Management & Board
MANAGEMENT & BOARD Board Management Alexander Molyneux - Non-Executive Chairman Jason Bahnsen – President & CEO Mining industry executive and financier with 20+ years’ industry Mining engineer with over 30 years’ of experience in natural experience. Serves on several public company boards, including
Slide 6: Canada: Elizabeth / Blackdome Gold Projects
CANADA ELIZABETH / BLACKDOME GOLD PROJECTS TEMPUS RESOURCES LTD. (ASX: TMR / TSX.V TMRR) | 6
Slide 7: Located in Active Southern British Columbia Gold District
LOCATED IN ACTIVE SOUTHERN BRITISH COLUMBIA GOLD DISTRICT Note: Market Capitalizations at 27 Oct 2021 TEMPUS RESOURCES LTD. (ASX: TMR / TSX.V TMRR) | 7
Slide 8: Elizabeth Gold Project and Blackdome Mine
ELIZABETH GOLD PROJECT AND BLACKDOME MINE High Grade Gold Exploration with Future Options for Fast Tracking Production Elizabeth Gold Project > High-grade mesothermal gold mineralisation presenting itself in wide (~1.5 - 5m) vein sets > Potential for processing at Blackdome Mill (metallurgical tests
Slide 9: Elizabeth – Ongoing Drilling Program
ELIZABETH – ONGOING DRILLING PROGRAM Drilling program continuing – focus on increasing resource ounces > Initial drilling began in Nov 2020, total of 9,750 metres, 39 holes completed to date. (7,500m - 28 holes in 2021) > Focus of drill program is to extend the SW Vein along strike and at depth and
Slide 10: Elizabeth – Ongoing Drill Program
ELIZABETH – ONGOING DRILL PROGRAM > Historical resource on the SW Vein (143,900oz at 13.63 g/t gold) only extended 150-200m below surface and 400m along strike > Mineralization remains open along strike and down plunge > Newly discovered “Blue Vein” 150 m NW of the SW Vein was intersected in six dri
Slide 11: Elizabeth – High-Grade Results
ELIZABETH – HIGH-GRADE RESULTS > Tempus has drilled a total of 9,750 metres for 50 drill holes at Elizabeth since drilling began in Nov 2020 > “Bonanza” grades intercepted in multiple holes: > EZ-20-06: 5.0m at 61.3g/t gold from 116.5m, including 1.5m at 186.0g/t gold from 118.0m (SW Vein) > EZ-20-1
Slide 12: Elizabeth – Unexplored Potential for All Identified Veins
ELIZABETH – UNEXPLORED POTENTIAL FOR ALL IDENTIFIED VEINS > Historical Elizabeth resources are based on a small portion of the SW and W Veins at surface > No historic drilling below approximately 200m depth – all veins are open at depth > Significant potential to expand the resource at Elizabeth acr
Slide 13: Elizabeth – The Bigger Game
ELIZABETH – THE BIGGER GAME > June 2021 airborne geophysical survey has identified the potential for a much larger scale gold system at Elizabeth in both overall footprint and depth > The Blue Creek Porphyry intrusion, which hosts the high-grade gold mineralisation at Elizabeth Main likely covers an
Slide 14: Elizabeth – The Bigger Game
ELIZABETH – THE BIGGER GAME > June 2021 geophysical surveys also show the Blue Creek Porphyry is at least 4x larger than previously defined and extends to at least 2km below surface (~10x deeper than currently drill-tested) > The interpretation suggests that the high- grade Elizabeth veins may exten
Slide 15: Elizabeth East – The First Potential Regional Discovery
ELIZABETH EAST – THE FIRST POTENTIAL REGIONAL DISCOVERY > Significant new gold in soil anomaly discovered 2019 > Results up to 0.66 g/t > Supported by coincident pathfinder element Elizabeth Main Deposit anomalies and structural geology > Follow up exploration planned for 2022 > Potential for comple
Slide 16: Elizabeth – Metallurgy
ELIZABETH – METALLURGY Metallurgical testing confirms recoveries up to ~95% either by using existing Blackdome plant process to recover gold into concentrate or using conventional CIL / CIP to produce gold doré1 Existing Blackdome Plant Process Conventional Carbon-In-Leach / Carbon-In-Pulp Process P
Slide 17: Blackdome Gold Mine / Mill
BLACKDOME GOLD MINE / MILL > The Blackdome Mine includes a 300 tonne/day conventional gravity separation and flotation mill and permitted tailings storage facility > The previous production history (230koz at 22g/t 1985 - 1991) > Existing infrastructure provides a path to a low capital, fast-track r
Slide 18: Blackdome Exploration
BLACKDOME EXPLORATION > Tempus drilled a total of 26 drill holes on Blackdome in 2020 for a total of 5,087 m > Results indicate broad mineralized alteration zones surrounding High-grade epithermal Au-Ag (See Appendix for drill assay results) > In 2021, Tempus completed an alteration study at Blackdo
Slide 19: Ecuador - Zamora Projects
ECUADOR - ZAMORA PROJECTS VALLE DEL TIGRE & RIO ZARZA
Slide 20: Ecuador - Zamora Projects (Valle del Tigre / Rio Zarza)
ECUADOR - ZAMORA PROJECTS (Valle del Tigre / Rio Zarza) > Ecuador recently held Presidential elections with the new President Guillermo Lasso to take power May 24. President elect Lasso ran on a liberal platform that includes welcoming direct foreign investment and the development of the mining sect
Slide 21: Ecuador - Valle del Tigre Project
ECUADOR - VALLE DEL TIGRE PROJECT > In 2019/20, Tempus completed a 600 line-km ZTEM airborne geophysics survey which delineated a strong resistivity/conductive anomaly over 2 km in length. > In Q1 2021, Tempus completed a Phase 1 geochemical sampling survey study that confirmed geophysical targets a
Slide 22: Ecuador - Rio Zarza Project
ECUADOR - RIO ZARZA PROJECT > Rio Zarza Project’s eastern boundary is adjacent to Lundin Gold’s Fruta del Norte deposit and exhibits similar geology and alteration > The property hosts a potential extension of the Fruta del Norte deposit > Resistivity data from recent ZTEM survey highlights likely c
Slide 23: www.tempusresources.com.au
Level 2, 22 Mount Street, Perth WA 6000, Australia +61 8 6188 8181 @ResourcesTempus www.tempusresources.com.au
Slide 24: Appendix – Elizabeth/Blackdome Historical Resource Estimates
APPENDIX – ELIZABETH/BLACKDOME HISTORICAL RESOURCE ESTIMATES > Historic resources of approximately 300k oz of gold (50k oz Indicated / 250k oz Inferred) across the Blackdome-Elizabeth mineral claims. > Historic resource estimates were done at a gold price of US$1,000 per ounce (current spot US$1,725
Slide 25: Appendix: Elizabeth Drilling Results – 2020
APPENDIX: ELIZABETH DRILLING RESULTS – 2020 True Silver Grade x Hole ID From (m) To (m) Interval (m) Thickness Gold Grade Vein Grade Metres (m) EZ-20-04 101.5 104.7 3.20 2.45 5.26 7.51 17 SW Vein including 103.0 104.7 1.70 1.30 9.74 3.88 17 SW Vein EZ-20-06 116.5 121.5 5.00 3.83 61.3 44.5 307 SW Vei
Slide 26: Appendix: Elizabeth Drilling Results – 2021
APPENDIX: ELIZABETH DRILLING RESULTS – 2021 True Gold MET Screen Interval Hole ID From (m) To (m) Thickness Grade Grade Vein (m) (m) (g/t Au) (g/t Au) EZ-21-01 94.00 96.60 2.60 2.21 4.60 5.12 SW Vein and 83.50 84.00 0.50 0.43 20.50 pending SW Vein EZ-21-02 102.40 109.00 6.60 5.61 8.40 pending SW Vei
Slide 27: Appendix: Elizabeth Drilling Results – 2021 (Con't)
APPENDIX: ELIZABETH DRILLING RESULTS – 2021 (Con’t) True Gold MET Screen Interval Hole ID From (m) To (m) Thickness Grade Grade Vein (m) (m) (g/t Au) (g/t Au) EZ-21-07 Hole lost EZ-21-07B 40.10 41.10 1.00 0.85 4.88 Not performed 7 Vein and 51.50 52.20 0.70 0.60 9.06 Not performed 7 Vein and 160.00 1
Slide 28: Appendix: Blackdome Drilling Results – 2020
APPENDIX: BLACKDOME DRILLING RESULTS – 2020 HOLE-ID FROM TO Length AU AG Vein BD-20-21 49.00 162.30 113.30 0.47 3.3 No. 3 including 83.00 85.05 2.05 2.19 109 No. 3 including 122.40 123.30 0.90 16.7 9.8 No. 3 BD-20-22 58.00 126.50 68.50 0.89 2.0 No. 3 including 62.00 63.00 1.00 5.57 17.0 No. 3 includ
Tempus Resources — Investor Presentation (November 2021) on 6ix