Talon Metals Corp. · TSX:TLO
Talon Metals — Investor Presentation (January 2016)
34 slides from Talon Metals's investor presentation, January 2016
Slide 1: Tamarack Project
Tamarack Project January 2016 Nickel-Copper-PGE www.talonmetals.com TSX: TLO TAMARACK
Slide 2: Conditions of Presentation
Conditions of Presentation • This presentation has been prepared by Talon Metals Corp. (“Talon” or the “Company”) and is being delivered for informational purposes only. The information contained herein may be subject to updating, completion, revision, verification and further amendment. Except as m
Slide 3: Forward Looking Information
Forward Looking Information • This presentation contains certain “forward-looking statements”. All statements, other than statements of historical fact that address activities, events or developments that Talon believes, expects or anticipates will or may occur in the future are forward looking stat
Slide 4: Technical Reference
Technical Reference • The mineral resource figures disclosed in this presentation are estimates and no assurances can be given that the indicated levels of nickel, copper, cobalt, platinum, palladium and gold will be produced. Such estimates are expressions of judgment based on knowledge, mining exp
Slide 5: Experienced Management Team with a Track Record Of Project Delivery
Experienced Management Team with a Track Record Of Project Delivery Warren Newfield • Founded Platexco (platinum exploration) in 1997, sold to Impala in 2000 for C$191MM • Founded AfriOre Ltd. (platinum exploration) in 2001, sold to Lonmin in 2007 for C$496MM (Executive Chairman) • Founded CIC Energ
Slide 6: Executive Summary
EXECUTIVE SUMMARY TAMARACK 6
Slide 7: Executive Summary
Executive Summary “We are one of the few junior exploration companies that is fully funded with the ability to progress exploration on an expedited basis” Henri van Rooyen, CEO, December 29, 2015 Press Release • Talon currently owns an 18.45% interest in the Tamarack Ni-Cu-PGE Project (includes the
Slide 8: Executive Summary - Continued
Executive Summary - Continued • In April 2015, Talon Metals announced an updated mineral resource estimate on the Tamarack North Project, with: • 3.75 million tonnes in the indicated category at 2.35% Ni Eq; and • An additional 3.4 million tonnes in the inferred category at 2.11% Ni Eq • The inferre
Slide 9: Commercial Transaction with Kennecott
COMMERCIAL TRANSACTION WITH KENNECOTT TAMARACK 9
Slide 10: Talon Owns an 18.45% Interest in the Tamarack Project
Talon Owns an 18.45% Interest in the Tamarack Project • Talon spent a total of US$25.5 million to earn an 18.45% interest in the Tamarack Project, with all of the funds advanced being used to fund exploration expenditures, a one-time US$1 million upfront payment to Kennecott and certain land acquisi
Slide 11: Future Optionality
Future Optionality Once Kennecott has spent the US$25.5 million advanced by Talon, Talon/Kennecott will either participate in a 81.55/18.45 JV or Talon will buy-out KEX at a pre-determined purchase price KEX (81.55%) [180 Days] YES - NO • KEX 81.55%: TALON 18.45% • KEX Operator TALON • Fund or Dilut
Slide 12: The Tamarack Project
THE TAMARACK PROJECT TAMARACK 12
Slide 13: Tamarack Project: Excellent Infrastructure with Grid Power and a Railway Line on Site
Tamarack Project: Excellent Infrastructure with Grid Power and a Railway Line on Site The Tamarack Project is located adjacent to the town of Tamarack in north-central Minnesota approximately 85 km west of Duluth and 200 km north of Minneapolis, in Aitkin and Carlton Counties Tamarack Igneous Comple
Slide 14: Extremely Large – 18km of Strike Length
The Tamarack Igneous Complex is Extremely Large – 18km of Strike Length The Tamarack Igneous Complex (TIC) is comparable in footprint size to some of the world’s largest and most prolific nickel-copper-platinum intrusive complexes TAMARACK 14
Slide 15: Tamarack North Project
TAMARACK NORTH PROJECT TAMARACK 15
Slide 16: Tamarack North Project
Tamarack North Project - Hosts the Tamarack Zone that contains an independent mineral resource estimate (see slides 18 and 19) - Most drilling has been Platexco Talon Metals focused on the Tamarack Zone - In addition, a number of drill targets have been defined along strike 16 TAMARACK 16
Slide 17: The Tamarack Zone: Defined Mineral Resource in SMSU, MSU and 138 Zone
The Tamarack Zone: Defined Mineral Resource in SMSU, MSU and 138 Zone Platexco Talon Metals 17 TAMARACK 17
Slide 18: Mineral Resource Estimate (Effective April 3, 2015)
Mineral Resource Estimate (Effective April 3, 2015)1 • Successful 2014 drilling of the step-out holes from the MSU resulted in a 167% increase in the inferred resource tonnage in the MSU • Inferred resource tonnage in the MSU increased to 422,000 tonnes @ 7.26% NiEq Lbs Tonnes Ni Cu Co Pt Pd Au NiEq
Slide 19: Mineral Resources and Grades at Various cut-off Grades
Mineral Resources and Grades at Various cut-off Grades (Effective April 3, 2015)1 NiEq* Tonnes Cu Co Pt Pd Au NiEq* Cut-Off Classification Ni (%) (000) (%) (%) (g/t) (g/t) (g/t) (%) (%) Indicated 3,922 1.75 0.97 0.05 0.40 0.25 0.19 2.28 0.8 Inferred 4,235 1.42 0.84 0.04 0.28 0.17 0.15 1.86 Indicated
Slide 20: Tamarack Zone: Updated Mineral Resource included Expansion of the MSU
Tamarack Zone: Updated Mineral Resource included Expansion of the MSU 2014 Exploration Results of the MSU in the Tamarack Zone, demonstrate continuity of the MSU1: • 14TK0211 intersected two intercepts of massive sulphide mineralization: • the upper unit from 425.03 to 429 meters of 3.97 meters at 5
Slide 21: Tamarack Zone – Further Potential for Expansion of MSU
Tamarack Zone – Further Potential for Expansion of MSU • MSU targets have been identified based on well defined downhole electromagnetic (DHEM) conductors, geology and geochemistry and represent additional near term potential resources in the Tamarack Zone area. • Drill holes14TK0211 and 14TK0213 de
Slide 22: 2015 Exploration
2015 Exploration1 In 2015, a total of 17 holes were drilled, comprising 9900 meters • Tamarack North Project (14 holes) • Tamarack South Project (3 holes) The main focus of 2015 was to test new targets along strike in large step-outs 1 For a list of all holes and associated drill and assay data see
Slide 23: 480 Zone
480 Zone • Potentially shallow target 3 to 4.5 km north of the Tamarack Zone. Previous drilling has intersected wide zones of disseminated mineralisation at depths 40-75m. • Drill holes 15TK0215 and 15TK02251 were drilled approximately 3 km north of the Tamarack Zone Platexco Talonprominent targetin
Slide 24: 221 Zone
221 Zone Three holes were drilled,15TK0221, 15TK0228 and 15TK0229, and Platexco Talon Metals represent a newly discovered massive sulphide zone that is a priority target 24 TAMARACK 24
Slide 25: 221 Zone Results – New Mineral Zone Discovery
221 Zone Results – New Mineral Zone Discovery1 • Drill hole 15TK0221 intercepted massive nickel-copper-PGE sulphide mineralization approximately 1.6 km north of the Tamarack Zone, with an associated DHEM off-hole anomaly located approximately 80 to 100 meters to the northwest of the hole. • Drill ho
Slide 26: 164 Zone
164 Zone • Previous drilling has intersected mixed zones of disseminated and massive sulphide mineralisation at the base of the FGO and mixed zone (MZ) intrusions. • The target is the MSU where it is potentially hosted along an axis (keel) at the base of the FGO. • Targeting of this keel can be guid
Slide 27: 142 Zone
142 Zone • Drill hole 15TK0226 was drilled as part of the Winter Exploration Program and is located 2km south of the Tamarack Zone1. • It targeted a DHEM off-hole anomaly surveyed previously from drill hole 12LV0142. Platexco Talon Metals • The FGO-sediment contact was intersected at a higher than a
Slide 28: Tamarack South Project
TAMARACK SOUTH PROJECT TAMARACK 28
Slide 29: Tamarack South Project
Tamarack South Project Platexco Tamarack South Project consists of two areas: • The “Neck” • The “Bowl” - large layered lopolith to the south. In 2015, three (3) holes were drilled in the “Neck” and “Bowl” 29 TAMARACK 29
Slide 30: Tamarack South: Results in the “Neck”
Tamarack South: Results in the “Neck”1 • Drill hole 15TK0218 was drilled 3.8 km south of the Tamarack Zone within the “Neck” portion of the Tamarack South Project. • The “Neck” has been interpreted based on similar geochemistry, as a possible entry point to the larger “Bowl” or lopolithic intrusion
Slide 31: Next Steps
METALS CORP NEXT STEPS TAMARACK
Slide 32: Stay Tuned for drill results……
Next Steps • Talon and Kennecott are currently planning the 2016 winter exploration program at Tamarack, which will commence in Q1, 2016 • Approximately US$15 million is expected to be spent on exploration activities over the next two years Stay Tuned for drill results…… TAMARACK 32
Slide 33: Talon Capital Structure
TALON CAPITAL STRUCTURE (as of January 21, 2016) TAMARACK 33
Slide 34: Talon Capital Structure
Talon Capital Structure TSX:TLO Issued Shares: 128,809,937 Total Diluted Shares: 152,502,339 1 Securities and Royalties: • 14.2 million shares in Tlou Energy Limited (ASX:TOU) • Receive up to 30 million Rand (SA) from its royalty on the Boikarabelo Coal Mine in South Africa owned by Resource Generat