Desert Metals Ltd. · ASX:DM1
Desert Metals — Shareholder Meeting (November 2022)
23 slides from Desert Metals's shareholder meeting presentation, Nov 29, 2022
Slide 1: AGM Presentation November 2022
For personal use only Rare Earth Elements Nickel | Copper | Gold Narryer Terrane, Western Australia AGM Presentation November 2022 www.desertmetals.com.au November 2022 AGM November 2022 www.desertmetals.com.au
Slide 2: Disclaimer
Disclaimer For personal use only NATURE OF DOCUMENT This presentation has been prepared and issued by Desert Metals Limited (Company) to provide general information about the Company. The information in this document is in summary form and should not be relied upon as a complete and accurate represe
Slide 3: Greenfields discoveries across several projects
Desert Metals ASX:DM1 For personal use only The Company has been successful in discovering new greenfields mineralisation across several different geological settings, project areas and commodity types. Dingo Pass Innouendy • Rare earth elements discovery in shallow clays at Innouendy • New laterite
Slide 4: Target Generation / Data collection
Desert Metals ASX:DM1 For personal use only Target Generation / Data collection Project Survey Metres # Holes / Lines Innouendy DownHole EM 274 2 Belele DownHole EM 694 2 Dingo Pass DownHole EM 1,196 5 Innouendy MovingLoop EM 8,900 6 lines Irrida East MovingLoop EM 11,500 8 lines Belele MovingLoop E
Slide 5: Target Testing / Drilling
Desert Metals ASX:DM1 For personal use only Target Testing / Drilling Project Drilling Type # Holes Metres Innouendy Aircore 313 12,703 Innouendy RC 13 1,836 Belele RC 10 2,206 Dingo Pass RC/Diamond 9 2,228 Irrida Hill RC/Diamond 3 842 AGM November 2022 www.desertmetals.com.au
Slide 6: Desert Metals Rare Earth Element Discovery
Desert Metals Rare Earth Element Discovery For personal use only • Analysis from the recent drilling program at the Innouendy project in WA confirmed a significant clay-hosted rare earth discovery • Desert Metals holds over 1,600 km2 in an emerging new REE province • TREO intersections within the cl
Slide 7: Electrification - Critical Minerals Supply will need to Increase
Electrification - Critical Minerals Supply will need to Increase For personal use only Electrification and the global energy transition is substantially raising demand for certain minerals and metals. • Solar and wind power generation, grid expansion and electromobility (motors and batteries) will b
Slide 8: Rare earth elements uses
Rare earth elements uses For personal use only • The sudden REE boom reflects these elements’ unique optical and magnetic properties (Adler and Müller, 2014) • Roskill (2021) reports that rare earth permanent magnets, the largest single end use, accounted for 29% of total demand in 2020 • By 2030, m
Slide 9: Production - Rare Earth Elements
Production- Rare Earth Elements For personal use only • China produced more than half of the total global rare earth oxide in 2021- 168,000 tonnes • Australia’s production comes from Lynas Mt Weld mine in Western Australia AGM November 2022 www.desertmetals.com.au https://www.statista.com/statistics
Slide 10: Production - Rare Earth Elements
Production- Rare Earth Elements For personal use only • Production of rare earth elements more than doubled between 2010 and 2021 from 133,000 tonnes in 2010, to an estimated 280,000 tonnes in 2021. • The United States was the world’s largest supplier of REEs until the emergence of China in the mid-
Slide 11: Rare Earth Oxide Prices
Rare Earth Oxide Prices For personal use only AGM November 2022 www.desertmetals.com.au
Slide 12: Innouendy Rare Earth Elements Discovery
Dingo Innouendy Pass Opal Bore Innouendy Rare Earth Elements Irrid Irrida a Hill East Hooper Belele For personal use only Desert Metals is advancing its Significant Rare Earth Element Discovery at Innouendy Location of aircore and RC holes at Innouendy. Drilling Results • Assay results confirm the p
Slide 13: Innouendy Rare Earth Elements
Innouendy Rare Earth Elements For personal use only Background Image- Radiometric thorium count Desert Metals is advancing its Significant Rare from airborne spectrometer. Earth Element Discovery at Innouendy Primary minerals containing rare earth elements often contain thorium. Radiometric thorium,
Slide 14: Innouendy Rare Earth Elements
Innouendy Rare Earth Elements For personal use only Drilling received to date – Innouendy Central Zone and 1km A Cattle Yard Prospect. Legend • Selected samples analysed by Lithium borate same as previous slide Innouendy Central Zone fusion, ICP-MS finish were re-analysed by weak Section 60000N acid
Slide 15: Innouendy Ni-PGE
Innouendy Ni-PGE For personal use only • First Platinum Group Elements (PGE) intercept of potentially economic grade in the Narryer Terrane returned: • 4m @ 1.19g/t Pt+Pd+Au (PGE3) from 40m, within a broader zone of 32m @ 0.46g/t PGE3 • The new zone is open along strike for at least 2km with additio
Slide 16: Dingo Pass Ni-Cu-PGE's
Dingo Innouendy Pass Opal Bore Dingo Pass Ni-Cu-PGE’s Irrid Irrida a East For personal use only Hill Hooper Belele • Dingo Pass – just inboard of craton margin on major cross craton structure. Magnetic dome feature with a cluster of extremely high conductance EM targets and coincident soil anomalies
Slide 17: Dingo Pass Ni-Cu-PGE's
Dingo Pass Ni-Cu-PGE’s For personal use only • Initial drilling did not intersect sufficient sulphides to explain the conductors at Dingo Pass. • First drilling intersected mafic intrusions with traces of disseminated copper (Cu) and nickel (Ni) bearing sulphides, but not enough sulphide or other co
Slide 18: Dingo Pass Ni-Cu-PGE's
Dingo Pass Ni-Cu-PGE’s For personal use only • Krakatoa Resources recently declared a maiden resource at their Tower clay hosted REE discovery immediately adjacent to Desert Metals’ Dingo Pass license (ASX:KTA release 21 November 2022). • ~65km to the east of Desert Metals’ recently discovered REE I
Slide 19: Belele Copper - Gold
Dingo Innouendy Pass Opal Bore Belele Copper - Gold Irrida Irrid a Hill East Hooper Belele For personal use only • DM1’s RC drilling confirmed presence of greenstone belt and shearing • >30km strike of gold prospective sheared greenstone belt Remnantly • 100% concealed under shallow cover and entire
Slide 20: Belele Copper - Gold
Belele Copper - Gold For personal use only • RC drilling confirmed the presence of the A A` greenstone belt, shearing and conductive copper sulphide mineralisation • The entire Belele license which is now known to be underlain by the Mingah Lithology Legend Range Greeenstone Belt has become Overburd
Slide 21: Corporate overview: Board of Directors
Corporate overview For personal use only Board of Directors Mr Stewart has over 30 years of international legal and commercial experience, particularly in the resources industry, in Africa, Asia, North America and Australia. He worked as an in-house lawyer for Anglo American plc (Anglo) for over ten
Slide 22: Desert Metals Outlook
Desert Metals Outlook For personal use only • Defining a new clay hosted Rare Earth Element Discovery Des • First mover status in emerging Ni-Cu province • Focus on Innouendy, Dingo Pass and Belele projects • Numerous secondary targets • Substantial leverage to exploration success on any one project
Slide 23: Contact us
For personal use only Contact us ROB STUART Managing Director Phone +61 8 97581333 Email admin@desertmetals.com.au AGM November 2022 www.desertmetals.com.au