American Tungsten & Antimony Ltd · ASX:AT4
American Tungsten & Antimony — Investor Presentation (September 2023)
20 slides from American Tungsten & Antimony's investor presentation, Sep 15, 2023
Slide 1: Trigg Minerals Limited
TRIGG MINERALS LIMITED Key Acquisition in the Drummond gold-base metal province of QLD SOP Pilot Plant test work at Lake Throssell
Slide 2: Disclosures and Disclaimers
DISCLOSURES AND DISCLAIMERS Disclaimer This presentation (Presentation) has been prepared by Trigg Minerals Limited ACN 168 269 752 (ASX:TMG) (Company) and is for informational purposes only. The material contained in this Presentation is a summary of general background information about the activit
Slide 3: Disclosures and Disclaimers: Key Assumptions
DISCLOSURES AND DISCLAIMERS Key Assumptions Average LOM AUD/USD exchange rate of 0.73, SOP Price of US$550/t LOM, State Government Royalty of $0.73/t and 8% discount rate. All dollar values are in Australian dollars (A$ or AUD) unless otherwise stated. Figures, amounts, percentages, estimates, calcu
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Trigg Minerals to purchase 100% of Rush Resources Lake Throssell SOP pilot plant work and QLD Drummond gold assets Trigg Minerals (TMG) is buying 100% of Capital raising to support advanced Rush Resources for 56.7m TMG shares exploration strategy in WA and QLD ~$2.4m capital ra
Slide 5: Trigg Minerals Purchase of Rush Resources
TRIGG MINERALS PURCHASE OF RUSH RESOURCES Gold and base metal exploration in QLD Innovative SOP pilot plant test work Rush Resources holds - o Drummond gold and copper in QLD o 5 immediate targets in QLD o $6m exploration database Lake Throssell Sulphate of Potash (SOP) project o Significant SOP
Slide 6: Rush Resources Projects
RUSH RESOURCES PROJECTS Drummond gold project (QLD) o Advanced epithermal gold project o Multi-million-ounce, high grade district o 5 licenses covering 540km2 o 5 immediate targets o Immediate drilling at Breccia Hill o 20-year history $6m database .6
Slide 7: Drummond Gold Project Queensland
DRUMMOND GOLD PROJECT QUEENSLAND 540km2 epithermal gold project 5 granted licenses covering 540km2 Advanced epithermal gold project Proven gold province o Pajingo Vera-Nancy Target o High-grade, multi-million-ounce target $6m previous work over 20 years Silica veins 5 immediate targets o Limey, Brec
Slide 8: Looking for Pajingo Vera Nancy
LOOKING FOR PAJINGO VERA NANCY Looking for a high-grade underground gold mine +3.4 million ounces mined over 4km since 1996 Direct comparison to Pajingo’s Vera Nancy deposit +3 million ounces of gold producing 230koz annually at +9 g/t to 15 g/t gold No surface expression .8
Slide 9: Drummond Exploration
DRUMMOND EXPLORATION Breccia veining Drummond exploration model Epithermal and intrusion Substantial epithermal related veins beneath Limey Creek Untested gold mineralisation Same as +3-million- beneath Breccia Hill and ounce Pajingo Quartz Ridge Soil sampling and drilling After Buchanan (1981), Mor
Slide 10: Breccia Hill Project
BRECCIA HILL PROJECT 1ST PROJECT FOR EXPLORATION Breccia Hill Drill holes planned Substantial untested potential for high grade gold mineralization in breccias and veins Previous drilling too shallow <75m 6 g/t gold at surface .10
Slide 11: Lake Throssell Sulphate of Potash Project
LAKE THROSSELL SULPHATE OF POTASH PROJECT Massive SOP Mineral Resource Brine hosted deposit Total - 13.3mt SOP at 4,760 mg/L Potassium or 10.6kg/m3 SOP Indicated Resource : 8mt (8.9mt) Scoping Study completed 2022 • All SOP peers and market underperforming • Process challenges Trigg pilot plant test
Slide 12: Lake Throssell Sulphate of Potash Project
LAKE THROSSELL SULPHATE OF POTASH PROJECT Massive SOP Mineral Resource Exploration Upside o Deposit open along strike o Exploration Target Additional 2.3mt-9.9mt (2.6mt-11mt) Established transport infrastructure - road and rail access with new sealed highway to mine gate under construction Evaluatio
Slide 13: SOP Processing Technology
SOP PROCESSING PROCESSING INNOVATION TECHNOLOGY To improve salt production reliability Bench-scale test work of advanced processing method indicates potential to improve - Implications Processing reliability Simplify processing design Feed-salt quality (simplified and Accelerate production ramp-up q
Slide 14: Budget for Exploration
BUDGET FOR EXPLORATION Project Exploration Budget Comments Lake Throssell SOP Pilot Plant $750,000 New technology REE & Geological review Lake Throssell REE $250,000 battery minerals REO sampling Lake Yeo Geological review and Battery minerals $150,000 Lake Rason license costs Drummond Gold Targetin
Slide 15: Transaction and Capital Structure
TRANSACTION AND CAPITAL STRUCTURE Company Shares Price Amount Options Trigg Minerals 201,384,624 1.5c $3,020,769 56,923,040 (on issue) 38,333,333 at 1.5c $850,000 Rush Resources 18,333,333 at 1.5c 1.5c 2 tranches 36,000,000 Placement 48,000,000 1.2c $576,000 (3c, 3 for 4 basis) 149,630,774 112,223,0
Slide 16: Transaction Schedule
TRANSACTION SCHEDULE Sale Agreement Technical Advisors Capital Raising Trigg EGM Operations Completion of Engage legal, Placement Shareholders Commence purchase accounting and approve Rush exploration at agreements technical advisors Lodge Rights transaction Drummond Issue prospectus Rush and Engage
Slide 17: Board of Directors and Contact
BOARD OF DIRECTORS AND CONTACT Tim Morrison Stephen Ross Mike Ralston Non-Executive Director Chairman Non-Executive Director BSc (Geology) MAusIMM FFin MAICD Timothy has more than twenty years’ experience in Stephen Ross is a geologist, independent consultant Mike Ralston is a Chartered Management t
Slide 18: Appendix A – Total Mineral Resource Estimate
APPENDIX A – TOTAL MINERAL RESOURCE ESTIMATE Drainable Equivalent Drainable Total Specific SO4 SO4 Mg Mg K K Total Brine Mineral Resource Volume Volume Brine SOP Grade Brine SOP Aquifer Porosity Yield Grade Mass Grade Mass Grade Mass SOP Mass Category (106 m3) (106 m3) Volume (K2SO4) Mass (%) (%) (m
Slide 19: Risk Factors
RISK FACTORS Risk Description Possible future development of the projects is dependent on a number of factors including, but not limited to, the acquisition and/or delineation of economically recoverable mineralisation, favourable geological conditions, receiving the necessary approvals from all rel
Slide 20: Risk Factors
RISK FACTORS Risk Description The Company’s exploration activities are subject to a variety of risks and hazards which are beyond its control, including hazardous Inclement weather weather conditions such as excessive rain, flooding and fires. Rainfall may also impact and cause dilution of the miner
American Tungsten & Antimony — Investor Presentation (September 2023) on 6ix