Noronex Ltd. · ASX:NRX
Noronex — Investor Presentation (September 2021)
18 slides from Noronex's investor presentation, Sep 22, 2021
Slide 1: Investor Presentation - Snowball Acquisition
For personal use only Investor Presentation Snowball Acquisition Noronex Limited September 2021
Slide 2: Competent Person's Statement
Competent Person’s Statement For personal use only The presentation is based on information compiled by Mr Bruce Hooper who is a Registered Professional Geoscientist (RPGeo) of The Australian Institute of Geoscientists. Mr Hooper is a consultant to Noronex Ltd and has sufficient experience that is r
Slide 3: Capital Structure (Post Sept 2021 Placement) – Pro Forma
Capital Structure (Post Sept Attractive listed copper vehicle ASX:NRX 2021 Placement) – Pro Forma Shares on issue (Pro Forma) (1) 189.5m 1. Advanced de-risked portfolio with rapid news flow including 2021 drilling For personal use only Unlisted Options 24m Share price (20/9/21) $0.13 2. Limited expo
Slide 4: Board and Management
Board and Management High quality people For personal use only • Experienced board and management including former senior Sandfire executives with copper production and exploration expertise • In country teams with proven track records Board of Directors David Prentice – Non-Executive Chairman James
Slide 5: High grade copper project areas in leading mining jurisdictions
High grade copper project areas in leading mining jurisdictions (Namibia and Canada) • Scale and District Play Potential (>3,000 km 2) For personal use only • Maiden JORC (2012) Resource 1 of 10Mt @1.3% The Cu at Kalahari Copper Project in four deposits highlights potential for high grade, near surf
Slide 6: Snowball Acquisition
Snowball Acquisition 30 km north of Witvlei Project For personal use only • ~2,000 km2 of highly prospective ground • Granted tenements • Significant holding in key part of belt • Underexplored historically, shallow cover • Belt dominated by Rio Tinto, Sandfire and Cupric • Cupric ramping up to ~60k
Slide 7: Snowball Acquisition – Permitted tenements
Snowball Acquisition Permitted tenements EPL’s 7414, 7415 For personal use only Agreement signed with Heyn Ohana CC, Namibian owned private group • Minimum Expenditure of A$400k by April 2022 • Expenditure of $1 Mill (cumulative) to earn 30% by April 2023 • Expenditure of $2 Mill (cumulative) to ear
Slide 8: Key Tectonic Setting in Basin
Snowball Acquisition Key Tectonic Setting in Basin For personal use only • Snowball Project covers margins of the Ghanzi and Witvlei belts • Paleogeographic high on basin margin • Condensed sequence over high, potential for reductant Copper traps • Link between Witvlei and Ghanzi deposits in the bel
Slide 9: Complex Magnetics
Snowball Acquisition Complex Magnetics For personal use only • Snowball Project covers key tectonic setting • The complex magnetics is due to compressional deformation of the basin margins with condensed sequence over a former basement high • Tectonic setting typical of hosting large scale Sedimenta
Slide 10: Basin Modelling
Snowball Acquisition Basin Modelling For personal use only • Brines carry the base metals out of basin deeps • Oxidized fluids precipitate Copper at the reductants (EM Conductors) Anomalous Metal Enrichment of Basin Brines in the Zambian Copperbelt: a comparison of • Condensed sequence with reductan
Slide 11: Witvlei – Mineralised Belt Copper Soil Geochemistry
Witvlei – Mineralised Belt Copper Soil Geochemistry For personal use only • Inferred and Indicated resources defined in four deposits : 10Mt @1.3% Cu 1 • Discovered unreported historical multi-element soil geochemical survey from 2009 • Large undrilled geochemistry targets • Field checked with subcr
Slide 12: Witvlei – Otjiwaru Drilling
Witvlei – Otjiwaru Drilling Drilling Commenced For personal use only • Drill testing sub-cropping mineralisation • RC holes drilled at 100m centres to 200m depth First drill fence completed Otjiwaru Drill rig Otjiwaru Drilling Program 12
Slide 13: Witvlei – Otjiwaru to Okasawa District
Witvlei – Otjiwaru to Okasawa District Geophysical-Alteration-Geochemistry Anomalies For personal use only • Otjiwaru has large area of sub-cropping copper • Drilling underway • Okasewa : • 4.4 Mt @ 1.2 % Cu1 • Untested 2.5 by 1.2 km Cu soil anomaly south of deposit associated with alteration • IP L
Slide 14: Witvlei – Gemboksvlei Prospect
Witvlei – Gemboksvlei Prospect Drilling Commencing shortly For personal use only • Large Cu soil anomaly west of previous 1975 drilling • No outcrop, minor gossanous float • Dipole-Dipole IP Survey completed, Chargeability anomaly associated with known mineralisation • Number of new anomalies define
Slide 15: Next steps
Next steps Active exploration and strong news flow planned for 2021 For personal use only Geological: • Drill 10,000m at Witvlei at five prospects • Follow up Diamond and infill RC drilling • Complete IP at target One and Two at Snowball • Define drill anomalies at Snowball • Targeting discovery on
Slide 16: Summary
• Copper is a commodity with strong market fundamentals and growth outlook • Strong board and management with extensive knowledge of the For personal use only copper industry and copper exploration in world-class districts • Projects have significant known copper deposits (with valuable Au and Ag by
Slide 17: DorWit Consolidated Mineral Resources
Table 1: DorWit Consolidated Mineral Resources at a cut-off grade of 0.5% Cu as at 01 March 2021 DorWit Resources 1 Oxidation Classification Tonnes Cu Ag Cu content Deposit State Category (Millions) (%) (ppm) (kilo tonnes) Indicated 0.11 1.30 7 1.4 Oxide Inferred 0.04 1.19 7 0.4 Total 0.15 1.27 7 1.
Slide 18: Onaman Resources
Onaman Resources 2 For personal use only Competent Person Statement In June 2020, a JORC (2012) compliant resource (reported by G. Kirkham) was completed at the Lynx deposit representing approximately 600 metres of a 12km trend of mineralisation on the The information in this report that relates to