Ore Resources Limited · ASX:OR3
Ore Resources — Australian Nickel Conference 2019
20 slides from Ore Resources's conference presentation, Oct 15, 2019
Slide 1: An Emerging Australian Nickel Sulphide Explorer
AN EMERGING AUSTRALIAN NICKEL SULPHIDE EXPLORER Investor Presentation – October 2019
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Auroch Minerals Ltd (Auroch or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presentation
Slide 3: Building a Strong Multi-Commodity Portfolio
BUILDING A STRONG MULTI-COMMODITY PORTFOLIO FOCUSED BASE METALS EXPLORER with assets in Western Australia and South Australia. TEAM HAS STRONG NICKEL DISCOVERY HISTORY & CORPORATE SUCCESS. FULLY FUNDED AGGRESSIVE EXPLORATION PROGRAMMES for newly-acquired high grade Saints & Leinster nickel sulphide
Slide 4: Exploration Led by Nickel Focused Management
EXPLORATION LED BY NICKEL FOCUSED MANAGEMENT PROVEN NICKEL EXPERIENCE IN ALL STAGES FROM EXPLORATION THROUGH TO DEVELOPMENT AND PRODUCTION. AIDAN PLATEL Managing Director • 20+ years’ global experience in exploration, development and mining • Proven exploration success, including: • Discovery of Mir
Slide 5: Quality Australian Base-Metals Projects
QUALITY AUSTRALIAN BASE-METALS PROJECTS ACROSS HIGHLY-PROSPECTIVE GEOLOGY SAINTS NICKEL PROJECT Ni Cu Co ARDEN PROJECT Zn Cu Nickel Copper Cobalt Zinc Copper AREA: 20km2 AREA: 1,664km2 MINERALISATION: Archaean Komatiite MINERALISATION: SEDEX Style JORC (2012) Mineral Resource of 1.05Mt Drilling iden
Slide 6: Western Australian Nickel Sulphides
WESTERN AUSTRALIAN NICKEL SULPHIDES SAINTS NICKEL PROJECT 100% owned 20km2 tenement package, located 65km northwest of Kalgoorlie. JORC (2012) Mineral Resource of 1.05Mt @ 2.0% Ni, 0.2% Cu & 0.06% Co for 21.4kt Ni, 1.6kt Cu & 0.6kt Co. • Sits in the same sequence of rocks that host the historical Sc
Slide 7: Saints Nickel Project
SAINTS NICKEL PROJECT SAINTS NICKEL PROJECT HAS A SIGNIFICANT HIGH GRADE NICKEL SULPHIDE RESOURCE THAT REMAINS OPEN DOWN-PLUNGE AND ALONG STRIKE. • Limited historical exploration since 2009. • Tenement package comprises two mining leases covering 20km2 of Archaean greenstone belt. • 15km north of th
Slide 8: Saints Nickel Project: Long Section & Exploration Targets
SAINTS NICKEL PROJECT LONG SECTION & EXPLORATION TARGETS • Advanced exploration targeting down-dip extensions and higher grade ore plunges. • 3,000m drilling programme underway and DHEM to commence immediately. 8 WWW.AUROCHMINERALS.COM 8
Slide 9: Saints Nickel Project: Geology and Aeromagnetics
SAINTS NICKEL PROJECT GEOLOGY AND AEROMAGNETICS • Very limited drilling >50m deep outside of the main resource areas: ~650m of strike of the FW contact between Saint Patricks and Saint Andrews intersected by only 5 drill-holes • Aeromagnetics data have been reprocessed, and are currently being reint
Slide 10: Nickeliferous Massive Sulphides at St Patricks
SAINTS NICKEL PROJECT NICKELIFEROUS MASSIVE SULPHIDES AT ST PATRICKS 10 WWW.AUROCHMINERALS.COM 10
Slide 11: Leinster Nickel Project
LEINSTER NICKEL PROJECT LEINSTER NICKEL PROJECT IS PROSPECTIVE FOR NICKEL & GOLD, STRATEGICALLY LOCATED IN A HISTORIC NICKEL REGION WITH EXISTING INFRASTRUCTURE. • The tenement package covers 112km2 of prospective Archaean greenstone belt geology within the Eastern Goldfields of the Yilgarn Craton.
Slide 12: Leinster Nickel Project: Valdez Prospect
LEINSTER NICKEL PROJECT VALDEZ PROSPECT • The Valdez Prospect is located northeast of the Horn and lies along strike from the Waterloo nickel sulphide deposit owned by Saracen Minerals (SAR), 689.3kt @ 2.1% Ni for 14.4kt Nickel. • Historic drilling is shallow, however a drill- hole over the top on t
Slide 13: Nickel Market Update
NICKEL MARKET UPDATE EMERGING DEMAND-SUPPLY DISCONNECT FOLLOWING ORE-EXPORT BANS & INCREASED CONSUMPTION HABIT • Significant Demand-supply Disconnect Emerging With Nickel Inventories Surpassing Five Year Lows: Driven by renewed 2020 Indonesian ore export bans, electric vehicles and limited new sourc
Slide 14: South Australia Asset Portfolio
SOUTH AUSTRALIA ASSET PORTFOLIO ARDEN PROJECT 90% owned 1,664km2 Exploration Tenement Package • Kennecott (Rio Group) delineated over 10km of strike potential in 60’s – early 70’s. • 2018 DRILLING PROGRAMME discovered significant high-grade zinc mineralisation: Drill-hole RRDD-0007: • 12.80m @ 4.96%
Slide 15: Arden Project
ARDEN PROJECT • Drilling at Ragless Range identified significant zinc mineralisation of 12.80m @ 5.0% Zn from 53m; including 3.65m @ 15.5% Zn from 62.15m • Ground-gravity survey completed at Ragless Range & Radford Creek to delineate possible mineralised horizons of the high- density, high grade zin
Slide 16: Exploration Programmes
EXPLORATION PROGRAMMES AUROCH IS FOCUSED ON DELIVERING MILESTONES & CONSISTENT NEWSFLOW Q4 2019 2020 Sep Oct Nov Dec 1H SAINTS NICKEL PROJECT Extensional Drilling DHEM Drilling High-priority Untested Targets LEINSTER NICKEL PROJECT Valdez Exploration Drilling The Horn Resource Drilling Drilling High
Slide 17: Exposure to High Grade Nickel Sulphides
EXPOSURE TO HIGH GRADE NICKEL SULPHIDES IN A WORLD CLASS ARCHEAN GREENSTONE BELT NICKEL RESOURCES AT SAINTS AND LEINSTER PROVIDE A SOLID BASE to systematically explore high-priority targets and extend current resources. UNLOCKING LATENT VALUE FROM HISTORICALLY UNDEREXPLORED HIGH-GRADE NICKEL SULPHID
Slide 18: Appendix A
APPENDIX A Significant Mineral Intersections – Saints (0.5% Ni cut-off, 1 metre minimum width) 18 WWW.AUROCHMINERALS.COM
Slide 19: Appendix A
APPENDIX A Significant Mineral Intersections – Saints (0.5% Ni cut-off, 1 metre minimum width) 19 WWW.AUROCHMINERALS.COM
Slide 20: Contact
CONTACT Mr Aidan Platel Managing Director E: aplatel@aurochminerals.com M: +61 400 190 005 1A/1 Alvan Street Subiaco WA 6008 T: +61 8 6555 2950 F: +61 8 6166 0261