Hammer Metals Limited · ASX:HMX
Hammer Metals — Investor Presentation (July 2015)
25 slides from Hammer Metals's investor presentation, Jul 2, 2015
Slide 1: Hammer Metals Limited Presentation July 2015
For personal use only HAMMER METALS LIMITED ABN. 87 095 092 158 PRESENTATION July 2015
Slide 2: Corporate Summary (July 2015)
CORPORATE SUMMARY (JULY 2015) For personal use only Russell Davis Alex Hewlett Nader El-Sayed Patrick Corr Chairman Executive Director Director Director Technical Commercial Finance Legal Corporate Snap Shot Shareholders with greater than 5% of shares on issue ASX Code HMX Deutsche Rohstoff ≈17% San
Slide 3: Queensland Portfolio Summary
QUEENSLAND PORTFOLIO SUMMARY For personal use only COPPER + GOLD + MOLYBDENUM Queensland, Australia HAMMER METALS LTD | 2
Slide 4: Mount Isa Project Overview
MOUNT ISA PROJECT OVERVIEW For personal use only Major land position (2000km2) located in the Mount Isa province “sandwiched” between several major players including; • Glencore (Mount Isa, E1, George Fisher, Ernest Henry). • BHP Billiton (Cannington). • Chinova Resources (Osborne, Merlin, Mt Elliot
Slide 5: Strategy
STRATEGY For personal use only Corporate Strategy: • Focus on base and precious metals in the globally significant Mount Isa mining district; • Define resources within a truckable distance of Kalman; • Develop a mining hub centred on Kalman; • Make a new, large near-surface, copper-gold discovery; a
Slide 6: Mt Isa District Hub
MT ISA DISTRICT HUB For personal use only Objective: To create a mining hub centred on the Kalman deposit. How: To define a number of resources within close trucking distance of Kalman. Priority Targets • Kalman • Serendipity Extensions • Python • Overlander • Pindora South • Andy’s Hill • Tiny Boot
Slide 7: Overlander - A New IOCG Discovery
OVERLANDER - A NEW IOCG DISCOVERY For personal use only • Preliminary RC and Diamond Drilling has identified zones of high grade Cu with Co from surface. • 6km of strike. • 6km West of Kalman. • Large IOCG system intersected in latest diamond drill hole OVD001. HAMMER METALS LTD | 6
Slide 8: Overlander North Deposit
OVERLANDER NORTH DEPOSIT For personal use only • Last 3 RC holes intersected: OVRC29 – 75m at 1.33% Cu including 28m at 1.91% Cu and 16m at 1.92% Cu OVRC30 – 87m at 0.74% Cu including 27m at 1.4% Cu OVRC31 – 89m at 1.1% Cu including 56m at 1.4% Cu and 11m at 2.4% Cu and 10m at 1.6% Cu • Open to the
Slide 9: Overlander North Deposit
OVERLANDER NORTH DEPOSIT For personal use only • First diamond hole drilled in May: OVD001 – Intersects IOCG target – 21m @ 1.7% Cu from 435m – 97.3m @ .54 Cu from 359.5m Overlander North Cross Section 7673700N HAMMER METALS LTD | 8
Slide 10: Overlander Diamond Hole
OVERLANDER DIAMOND HOLE For personal use only OVD001 - Magnetite, Albite, Chalcopyrite, Pyrite Rock OVD001 - Chlorite, Biotite, Albite, Chalcopyrite, Pyrite Breccia HAMMER METALS LTD | 9
Slide 11: Overlander IOCG Targets - The Upside
OVERLANDER IOCG TARGETS - THE UPSIDE For personal use only IP Resistivity Target Overlander North Section 7673700N with IP changeability inversion shells Overlander North Cross Section 7673700N with IP resistivity/gravity inversion shells HAMMER METALS LTD | 10
Slide 12: Larger Scale Targets at Overlander
LARGER SCALE TARGETS AT OVERLANDER For personal use only • Large IOCG target over magnetic high • Extensive mineralised rhyolitic breccia HAMMER METALS LTD | 11
Slide 13: Kalman, New High Grade Mo-Re
KALMAN, NEW HIGH GRADE MO-RE For personal use only Extensions of high-grade molybdenum and copper-gold zones enhance open pit mining potential • Thickest and highest grade molybdenum- rhenium intersection yet: – 62 metres at 0.65% Mo, 11.4g/t Re, 0.16% Cu, 0.07g/t Au and 1.5g/t Ag (62 m at 4.3% CuEq
Slide 14: Kalman High Grade Zones
KALMAN HIGH GRADE ZONES For personal use only • High grade copper-gold: – 7.6m at 23.4% Cu, 0.5g/t Au & 20g/t Ag from 581.65m in K106A – 77m at 1.4% Cu & 1.3g/t Au from 700m in K106A – 25m at 3.8% Cu & 0.94g/t Au from 712m in K106C • High grade molybdenum-rhenium: – 62m at 0.65% Mo & 11.4g/t Re from
Slide 15: Kalman Upside
KALMAN UPSIDE For personal use only Multiple areas for the current resource to be extended, key areas include; • Northern Fault offset target. • High grade Cu open at depth and to South (including 9m @ 20% Cu, 0.47g/tAu from 581m). • High grade Mo open at depth and to south. • Anomalous Cu and Mo ge
Slide 16: Kalman Resource
KALMAN RESOURCE For personal use only Kalman Deposit Mineral Resource Estimate (Reported at 0.3% CuEq cut-off above 100m RL and 1.0% CuEq cut-off below 100m RL) Mining Tonnes CuEq Classification Method (t) (%) Inferred Open Pit 22,000,000 1.1 Inferred Underground 8,300,000 1.9 TOTAL 30,000,000 1.3 -
Slide 17: Hammer Time
HAMMER TIME For personal use only • Coincident soil geochemistry (Cu and Au) and IP anomaly. • 3.4km in length and 1km in width. • Prospect crosses the tenement boundary with Glencore Copper. • Glencore actively exploring. HAMMER METALS LTD | 16
Slide 18: Hammer Time
HAMMER TIME For personal use only • Intersected in first RC hole – 216m @ .17 Cu and .05g/tAu HAMMER METALS LTD | 17
Slide 19: Scalper
SCALPER For personal use only • Southern end of Overlander / Andy’s Hill IOCG trend. • Strong magnetic anomaly and coincident ‘red rock’ alteration. • 23m at 1.1% Cu and 0.27g/t Au from 77m including 12m at 1.9% Cu and 0.45g/t Au from 87m. HAMMER METALS LTD | 18
Slide 20: Dronfield
DRONFIELD For personal use only • Williams granite suite. • Coincident gravity - magnetic anomalies. • Copper - gold anomalism. • 2m @ 6.1% Cu + 1.54g/t Au from 37m in HDRC001 Gravity Magnetics HAMMER METALS LTD | 19
Slide 21: Pelican
PELICAN For personal use only • Kalman - style copper-gold in previous drilling. • 3km South of and directly along strike from Kalman. • Open-pit potential. • RC drill results include: – 10m at 1.44% Cu + .37g/t Au from 15.5 in PN211 – 20m at 1.1% Cu & .36g/t Au from 28m in PN250C HAMMER METALS LTD
Slide 22: Tiny Boot
TINY BOOT For personal use only • 250m copper gossan at surface. • 1.6Km along strike from Chinalco Ltd’s new discovery “Elaine no 3”. • 5km south of CopperChem Ltd’s Mount Colin. • 25Km North from Kalman. • VTEM survey planned. HAMMER METALS LTD | 21
Slide 23: Disclaimer & Competent Person Statements
DISCLAIMER & COMPETENT PERSON STATEMENTS For personal use only Disclaimer Overlander North + South Resource Estimate This presentation by its nature contains summarised Mr Downing consents to the inclusion in the report of the Where the Company refers to the Overlander North + South information. See
Slide 24: Kalman Resource Estimate & Notes on Copper Equivalence Calculation
KALMAN RESOURCE ESTIMATE & NOTES ON COPPER EQUIVALENCE CALCULATION For personal use only The Kalman Mineral Resource Estimate was updated in March 2014 in accordance with the JORC Code (2012 Edition). (Refer to the ASX Release dated 19th March 2014 for full details of the Resource Estimate.) Kalman
Slide 25: Kalman Resource Estimate & Notes on Copper Equivalence Calculation
KALMAN RESOURCE ESTIMATE & NOTES ON COPPER EQUIVALENCE CALCULATION For personal use only Assumed Metallurgical Recoveries Based on the testing completed and the current understanding of the material characteristics it has been assumed that the Kalman material can be processed using a “typical” conce