Zenith Minerals Limited · ASX:ZNC
Zenith Minerals — Corporate Update (October 2019)
14 slides from Zenith Minerals's corporate update, Oct 28, 2019
Slide 1: Company Update: Recent drilling of high-grade gold targets in Western Australia
Company For personal use only Update 28th October 2019 Recent drilling of high-grade gold targets in Western Australia
Slide 2: Summary
Summary For personal use only Outstanding gold & lithium portfolio in Australia & USA New Rare Earths (REE) Project – Wyoming USA Significant current & upcoming exploration activity focussed on; • High-grade gold at Split Rocks – returned up to 10m @ 2.20g/t Au (incl 6m @ 3.32 g/t Au) and 5m @ 3.23
Slide 3: Rights Issue - Use of Funds
Rights Issue - Use of Funds For personal use only Non-renounceable 1:6 entitlement offer at 5.5c to raise ~$1.95 million1. Funds from the raising are intended to be applied towards accelerating activity at the following projects, in addition to general working capital requirements: Split Rocks Proje
Slide 4: Corporate Structure
Corporate Structure For personal use only ZNC Share Price Capital Structure – ASX: ZNC Source: CommSec.com.au Share Price (25 Oct 19) $0.063 Iron Ore Shares on Issue - ZNC fully paid ordinary 213m Boom Shares on Issue –post Entitlement Offer (fully subscribed) 248m Lithium Boom Market Capitalisation
Slide 5: Split Rocks: Gold
Ownership: 100% Split Rocks: Gold Location: WA Commodity: Gold & Lithium Stage: Drilling For personal use only Initial Phase 1 Drilling Completed – Oct 19 High-grade gold intersected in very wide spaced RC drilling Results include2: • 10m @ 2.20 g/t Au(incl 6m @ 3.32 g/t Au) • 5m @ 3.23 g/t Au • 5m
Slide 6: Split Rocks: Gold - Phase 1 Drill Program
Ownership: 100% Split Rocks: Gold Location: WA Commodity: Gold & Lithium Stage: Drilling Initial Phase 1 Drill Program For personal use only Completed (16 RC holes): ➢ Testing high-grade gold targets over 4km of strike ➢ Limited previous deeper (>75m depth) drill holes, results include1: ➢ 6.0m @ 16
Slide 7: Split Rocks: Lithium
Ownership: 100% Split Rocks: Lithium Location: WA Commodity: Gold & Lithium Stage: Prospects For personal use only Dulcie pegmatite 80m Anomalous lithium in RC holes Rock sample 0.39%Li20 Major strategic ground holding adjacent to WES / SQM’s Earl Grey Lithium Deposit. Recent WES takeover of KDR val
Slide 8: Laramie: REE - Wyoming USA
Laramie: Ownership: 100% Location: WY-USA Commodity: Rare Earths REE - Wyoming USA Stage: Prospects For personal use only Zenith surface rock sampling returned widespread TREO (Total Rare Earth Oxide) grades up to 0.54% in two initial sampling areas 3km apart with strong values of high-value neodymi
Slide 9: Red Mountain: Gold
Ownership: 100% Red Mountain: Gold Location: QLD Commodity: Gold & Silver Stage: Prospect For personal use only Recent field work returned further encouraging results, including1; • High-grade gold in soils up to 2210 ppb Au (2.2g/t Au), 1600 ppb Au (1.6 g/t Au), 550ppb Au and 320ppb Au; • Gold in r
Slide 10: USA Lithium JV
USA Lithium JV Zenith Bradda Head Ltd Location: Commodity: 45% initial 55% USA Lithium Stage: Resource For personal use only Bradda Head Zenith • JV manager Bradda • US$5M free carry on BH JV • Spending US$5M on 5 Head • 5 USA lithium projects in JV lithium projects in JV with Zenith with Bradda Hea
Slide 11: Kavaklitepe: Gold
Ownership: ~25% Kavaklitepe: Gold Location: Turkey Commodity: Gold Stage: Drilling For personal use only • Joint Venture with Turkish affiliate of Teck ~75% / 25%, ZNC can contribute at ~25% or option to dilute to a 5% NPI • ~30km south west of major new 3Moz gold discovery at Sogut (Koza) • 2019 dr
Slide 12: Focus on Discovery
Focus on Discovery For personal use only Partners Spending $$ on 100% Owned ZNC Projects ZNC Projects Our Aim is Discovery Increased Spending Increasing Chance of Success Sharing Risk $1.5M received in cash & shares from deals on ZNC projects since Feb 17 American Li – Bradda Head JV Split Rocks Lit
Slide 13: Newsflow & Catalysts
Newsflow & Catalysts Split Rocks Gold & Lithium Project – WA (100% owned) For personal use only • ZNC initial wide spaced drill program returned up to 10m @ 2.20g/t Au (incl 6m @ 3.32 g/t Au) and 5m @ 3.23 g/t Au 1 • Previous results: 6.0m @ 16.91 g/t Au, 2.0m @ 32.73 g/t Au, 2.0m @ 16.53 g/t Au2 •
Slide 14: Disclaimer & JORC Statements
Disclaimer & JORC Statements For personal use only Forward looking statements Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. Forward-lookin