Aeon Metals — Investor Presentation (February 2019)
19 slides from Aeon Metals's investor presentation, February 2019
Slide 1: Walford Creek: Australia's Largest Copper-Cobalt Development Project
WALFORD CREEK: AUSTRALIA’S LARGEST COPPER-COBALT DEVELOPMENT PROJECT February 2019
Slide 2: Important Information
IMPORTANT INFORMATION This document has been prepared by Aeon Metals Limited (Aeon) for the purpose of providing a comprehensive company and technical overview to interested analysts and investors. This document is not a prospectus and should not be considered an offer or an invitation to acquire sh
Slide 3: Board & Management Team and Capital Structure
BOARD & MANAGEMENT TEAM AND CAPITAL STRUCTURE 587M 20 AML.ASX over three years $0.50 Millions SHARES A$15.5M 18 $0.45 OUTSTANDING 16 $0.40 A$0.295 A$173M A$3.7M 2 LIMITED Trading Volume SHARE PRICE 1 MARKET CAP1 CASH RECOURSE 14 $0.35 85M3 VENDOR DEBT4 12 $0.30 VENDOR WARRANTS 10 $0.25 8 $0.20 6 $0.
Slide 4: A World-Class Copper-Cobalt Project
A WORLD-CLASS COPPER-COBALT PROJECT 100% AML owned Walford Creek Project The highest grade significant cobalt deposit in Australia Material upside along +20km strike HISTORICAL DRILLING ~88,420m ▪ 1989-1996: WMC 93 holes (DD/RC) = 16,100m ▪ 2004-2006: Copper Strike 30 holes (RC) = 3,500m ▪ 2010-2012
Slide 5: Geological Code Unlocked
GEOLOGICAL CODE UNLOCKED Mineralisation is both structurally and lithologically controlled – Fish River Fault (FRF) and Pyrite Units (PY1 and PY3). PYI from ~25m. PY3 from ~140m PY1 Sedimentary exhalative (SEDEX) deposit - Massive sulphides Pyrite lenses containing Pb-Zn-Ag. Secondary event: Cu-Co h
Slide 6: 100% Owned Tenement with +20km Strike
100% OWNED TENEMENT WITH +20KM STRIKE AEON METALS | ASX:AML 6
Slide 7: Current Resources (Feb 2019) - Copper Lode
CURRENT RESOURCES (Feb 2019) Vardy & Marley Copper Lode Resource Estimate Category Mt Cu % Pb % Zn % Ag g/t Co % Py % CuEq % Measured 2.9 1.19 0.93 0.94 26 0.15 42 2.24 Indicated 10.6 1.12 0.89 0.76 28 0.13 37 2.05 Inferred 4.1 1.16 0.78 0.57 29 0.13 36 2.01 Total 17.6 1.14 0.87 0.74 28 0.13 38 2.07
Slide 8: Current Resources (Feb 2019) - Cobalt Peripheral
CURRENT RESOURCES (Feb 2019) Vardy & Marley Cobalt Peripheral Resource Estimate Category Mt Cu % Pb % Zn % Ag g/t Co % Py % CuEq % Measured 2.4 0.14 0.81 1.34 20 0.11 46 1.12 Indicated 11.0 0.17 0.80 1.00 21 0.10 37 1.03 Inferred 6.4 0.15 0.92 0.83 24 0.11 36 1.02 Total 19.8 0.16 0.84 0.99 22 0.10 3
Slide 9: Current Resources (Feb 2019) - Vardy, Marley and Amy
CURRENT RESOURCES (Feb 2019) Vardy, Marley, and Amy Copper Lode Resource Estimate3 Category Mt Cu % Pb % Zn % Ag g/t Co % Py % CuEq % Measured 2.9 1.19 0.93 0.94 26 0.15 42 2.25 Indicated 10.6 1.12 0.89 0.76 28 0.13 37 2.05 Inferred 5.9 1.26 0.77 0.55 30 0.13 40 2.15 Total 19.4 1.17 0.86 0.72 28 0.1
Slide 10: Aeon Metals | ASX:AML
AEON METALS | ASX:AML 10
Slide 11: 2018 Drill Program
2018 Drilling - Significant Intercepts Hole No. Intersect Cu Co Ag From Location 2018 DRILL PROGRAM m % % g/t m WFDD272 14 1.33 0.19 35 186 Marley WFRC274 13 1.03 0.08 30 168 Vardy WFPD280 33 1.60 0.08 28 145 Vardy incl 17 2.72 0.10 33 161 2018 Drill Program commenced in April and has been a huge WF
Slide 12: Metallurgical Testwork in Progress
METALLURGICAL TESTWORK IN PROGRESS Refining metallurgical process parameters set out in the 18 April 2017 Cobalt Roasting Scoping Study: • Concentrator – Cu, Pb, Zn conc • Roaster – Co & Ag product, Sulphuric Acid Metallurgical teswork program designed by engineering consultant Wood plc 1.6t materia
Slide 13: Indicative Project Parameters
INDICATIVE PROJECT PARAMETERS Feasibility items (Mining, Metallurgy, Environmental, Infrastructure/Logistics) in progress utilising first class, respected consultants. Indicative Project Parameters based on Roasting Scoping Study1 utilising 1.25mtpa Run-of-Mine Ore and subject to future modular expa
Slide 14: Indicative Targets
INDICATIVE TARGETS 1 Infill and expansion (along strike) drilling – COMPLETED 31 OCTOBER 2018 Resource Upgrade – COMPLETED 25 FEBRUARY 2019 Metallurgical Flowsheet – Q1/Q2 2019 Feasibility Study – Q2/Q3 2019 Resource/Reserve/Exploration Drill Campaign – Q2->Q4 2019 Mining Lease + Environmental Autho
Slide 15: Investment Summary
INVESTMENT SUMMARY Advanced copper and cobalt project: • Leading Australian copper development. • The highest grade significant cobalt deposit in Australia Leveraged to strong growth in cobalt and copper prices Clear and consistent exploration model 36,032m drill program completed • Resource upgrade
Slide 16: Aeon Metals Mount Isa Office
Aeon Metals Mount Isa Office AEON METALS | ASX:AML 16
Slide 17: Appendices
APPENDICES AEON METALS | ASX:AML 17
Slide 18: Appendix 1: Geological Model Description
APPENDIX 1: GEOLOGICAL MODEL DESCRIPTION A. Shallow holes from 50m to 80m intercept both possible supergene mineralisation together with strong copper and cobalt mineralisation associated with the PY1 in close proximity to the FRF. B. Drilled behind the shallow holes. These holes from 70m to 110m ca
Slide 19: Appendix 2: Historical Significant Intercepts
APPENDIX 2: HISTORICAL SIGNIFICANT INTERCEPTS 2010-2012 Drilling - 10 Sig Holes 2016 Drilling - 15 Sig Holes 2017 Drilling - 15 Sig Holes Hole No. Intersect Cu Co Ag From Location Hole No. Intersect Cu Co Ag From Location Hole No. Intersect Cu Co Ag From Location m % % g/t m m % % g/t m m % % g/t m