Slide 1: Hunting for elephants in Brazil
For personal use only Hunting for elephants in Brazil • Outstanding IOCG discovery opportunities at Salobo West and Pebas with exploration underway and advancing well • Emerging world-class DSO iron ore discovery opportunity at Salobo West • Strong leverage to discovery success – market capitalisati
Slide 2: Disclaimer
Disclaimer This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation does not take into a
Slide 3: Exceptional Leverage to World-Class Mineral Discoveries
Exceptional Leverage to World-Class Mineral Discoveries Diversified Brazilian resource company with projects Capital Structure For personal use only in Tier-1 addresses – copper, gold, iron ore Shares on Issue 1,777.3m Significant emerging copper and gold portfolio in Listed Options (EP $0.01, Exp 3
Slide 4: Board and Key Management
Board and Key Management BOARD OF DIRECTORS For personal use only DIDIER MARK STEVE DARREN BRUNO ROGER PAUL MURCIA HANCOCK PARSONS GORDON SCARPELLI FITZHARDINGE BRIDSON AM, B.Juris, LL.B B.Bus, CA, FFin B.Sc (Geol) Hons B.Bus, FCA, AGIA B.Comm, CA, AGIA M.Sc, PMP B.Sc (Geology), MAusIMM Non-Executiv
Slide 5: Brazil – A Mining-Friendly Jurisdiction
Brazil – A Mining-Friendly Jurisdiction Latin America’s largest economy For personal use only Rapidly growing population (currently ~208 million) Low interest rates (by historical standards), low inflation and rising economic growth Wide-ranging economic reforms underway – labour laws, pension schem
Slide 6: Pará EP – Multiple Projects in A World-Class Mineral Address
Pará EP – Multiple Projects in A World-Class Mineral Address For personal use only Salobo West Copper – Gold Project 6
Slide 7: South-East Pará – In the Land of the Giants
South-East Pará – In the Land of the Giants 100%-owned Pará EP tenement portfolio located For personal use only within world-class Carajás Mineral Province Includes well-located Salobo West Cu-Au Project, Pebas Cu-Au Project and Serra Misteriosa Gold Project Salobo West located on doorstep of world-
Slide 8: Carajás Province – Dominated by Vale for Decades
Carajás Province – Dominated by Vale for Decades Explored by Vale since the For personal use only 1970’s Vale has controlled 90% of the province for the past 50 years Most of the IOCG’s were discovered in the 1970s and 1980s using conventional mapping and soil geochemistry programs Limited copper-go
Slide 9: Host to Nine World-Class IOCG Deposits
Host to Nine World-Class IOCG Deposits 9 IOCG deposits with resources For personal use only of +100 Mt Cu-Au, 6 >300Mt for +4.0Bt of Cu-Au resources Includes Vale’s giant Salobo Mine: – Reserves of 1.2Bt @ 0.63% Cu, 0.4g/t Au – produced ~176kt Cu and ~317koz Au in 2016, – 2nd biggest IOCG in the wor
Slide 10: The Cinzento Shear Zone (NW) – The Best Place to Be
The Cinzento Shear Zone (NW) – The Best Place to Be For personal use only Vale IOCG Deposits in the Cinzento Shear Zone (NW) Salobo West tenements Vale tenure +1,100km2 - No other company holds significant tenure CTM granted tenure circa 78km2; CTM tenure under application circa 42km2 All deposits a
Slide 11: Salobo West – Multiple Cu-Au Prospects in World-Class Address
Salobo West – Multiple Cu-Au Prospects in World-Class Address SW1 tenement currently hosts at least three quality Cu-Au Prospects: For personal use only – SW1-A – SW1-B – Serendipidade High-quality Government and historical data providing “head start” for exploration Environmental Licence secured fo
Slide 12: Salobo West – SW1-B Prospect
Salobo West – SW1-B Prospect SW1-B Prospect For personal use only Distinct 4.5km long Cu-Au-Fe(-Co-Ag) geochemistry anomaly that is locally over 600m wide and coincident with a strong east-west magnetic feature Favourable east-west structural orientation and truncated by the north-west trending BIF
Slide 13: Salobo West – SW1-A Prospect
Salobo West – SW1-A Prospect SW1-A Prospect For personal use only Distinct 3.5km long magnetic anomaly, coincident with Cu-Au- Fe soil geochemical signature 2D modelling of regional aeromagnetic data by Southern Geoscience shows magnetic susceptibility of 0.65 SI – compares well with Salobo Cu-Au Mi
Slide 14: Salobo West – Serendipidade
Salobo West – Serendipidade Serendipidade Prospect For personal use only 2.5km long and up to 700m wide Cu-Au-Ag-Mo-(U-Fe-Mn-Co-As) geochemical signature, similar to nearby massive Salobo Copper- Gold Mine Hosts the highest Cu (861 ppm) and gold (145ppb) soil anomalies collected historically by Angl
Slide 15: Salobo West – The Road to Discovery
Salobo West – The Road to Discovery Target generation work completed by industry-leading independent consultants: – Alan King, former Chief Geophysicist for Global Exploration at Vale and Inco, based in Brazil from For personal use only 2007-2011 – Southern Geoscience Consultants, highly experienced
Slide 16: Pebas Cu-Au Project – Potential High-Grade Copper: Drill-Ready
Pebas Cu-Au Project – Potential High-Grade Copper: Drill-Ready For personal use only The Pebas Copper-Gold Prospect 16
Slide 17: Pebas Cu-Au Project
Pebas Cu-Au Project Explored in 2010/11 by TSX-listed INV For personal use only Metals Inc. (“INV”) 2km long, +500ppm copper-in-soils anomaly generated with +750m long +1000ppm high grade zone Historical drilling in 2010 returned intersections of up to 3.74% Cu within broad zones of mineralisation s
Slide 18: Pebas Cu-Au Project – The Opportunity
Pebas Cu-Au Project – The Opportunity Fault-related IOCG target that remains untested For personal use only INV drill spacing in 2010 was on 300m sections and missed the interpreted fault considered to be the main control on the mineralisation Comparable soils anomaly (+1000 ppm Cu) and hosted in a
Slide 19: High-Grade Iron Ore in the Carajás
High-Grade Iron Ore in the Carajás For personal use only The Canga Iron Ore Prospect 19
Slide 20: The Canga Prospect – High Grade Iron Ore in the Carajás
The Canga Prospect – High Grade Iron Ore in the Carajás Multiple assays above 65% Fe returned from rock chip samples taken from the outcropping “canga” For personal use only Canga in the Carajás Mineral Province, typically up to 20m thick, is the common geological marker that sits directly over all
Slide 21: The Canga Prospect – High-Grade Iron Ore in the Carajás
The Canga Prospect – High-Grade Iron Ore in the Carajás 2D profile modelling shows comparable magnetic For personal use only susceptibilities and geometries to the magnetic responses over Vale’s giant S11D iron ore deposit, located 90 km away S11D is the largest iron ore mine in the world with reser
Slide 22: Minas Gerais Iron Ore Projects
Minas Gerais Iron Ore Projects For personal use only Jambreiro and Conquista Iron Ore Projects 22
Slide 23: Jambreiro – Project Location
Jambreiro – Project Location For personal use only 110km from Ipatinga steel-making region JORC Resource of 128Mt 350km Initial Friable Ore Reserve of 48.5Mt 110km Over 19,000 metres of diamond and RC drilling to support JORC resource and 140km reserve • Over US$25 million spent on exploration, feas
Slide 24: Jambreiro – A Development-Ready Project
Jambreiro – A Development-Ready Project Environmental and Mines Department approvals received for a 3Mtpa wet processing operation For personal use only Mining Leases granted 10-year land access agreement signed in 2012 with option to extend Positive Feasibility Study completed in November 2012 for
Slide 25: Conquista DSO Project
Conquista DSO Project Significant high-grade (+64% Fe) DSO outcrop For personal use only already identified on the Conquista ground over 2.5km of strike Rock chip samples collected to date grade 64- 70% Fe with low impurities – strong correlation with ground magnetic signature Initial testwork has s
Slide 26: Conquista DSO Project – Option Granted
Conquista DSO Project – Option Granted 12-month option granted to local mining group – For personal use only the same group who acquired the Candonga Project, located just 8km away R$1 million to be spent on exploration at Conquista during the option period, which is to include ~1,000m of drilling P
Slide 27: Centaurus – Key Investment Takeaways
Centaurus – Key Investment Takeaways Extensive and highly prospective mineral portfolio in Tier-1 locations For personal use only Outstanding new package of copper and gold projects in northern Brazil World-class IOCG discovery opportunities at Salobo West and Pebas Newly-identified Canga DSO Iron O
Slide 28: Hunting for elephants in Brazil
For personal use only Hunting for elephants in Brazil • Outstanding IOCG discovery opportunities at Salobo West and Pebas with maiden exploration underway • Emerging world-class iron ore discovery opportunity at Salobo West • Strong leverage to discovery success – market capitalisation of just $9M u