Enterprise Metals Limited · ASX:ENT
Enterprise Metals — Shareholder Meeting (November 2009)
46 slides from Enterprise Metals's shareholder meeting presentation, Nov 25, 2009
Slide 1: Presentation following Annual General Meeting
ACN: 123 567 073 Presentation following Annual General Meeting 25 November 2009
Slide 2: Disclaimer
Disclaimer This document has been prepared by Enterprise Metals Ltd (“Enterprise” or “the Company’) to provide an update of the Company activities to shareholders and potential shareholders. This presentation should be read in conjunction with other public announcements and reports (including financ
Slide 3: Increase Shareholder Value – World Class Mineral Deposits
“Increase Shareholder Value…..” by Discovery and/or acquisition under safe title of l large & highly hi hl profitable fit bl World Class Mineral Deposits
Slide 4: Issued Capital: 93.010 M shares
p Issued Capital: 93.010 M shares Options: 1.00 M @ 25 cents (31/12/09) 15 28 M @ 25 cents (20/06/12)* 15.28 3.00 M @ 25 cents (22/11/12) 2.50 M @ 50 cents (30/06/13) Share price (close 24 Nov 2009): $0.30 Market Capitalisation: $27.9 million Cash at bank: $1.96 million @ 30 Sept 2009 * 16.21 16 21
Slide 5: Directors
DIRECTORS Paul Larsen ‐ Non Executive Chairman ¾ Successful private company director ¾ 27 years experience in construction construction, management & major projects Dermot Ryan ‐ Managing Director FAusIMM, CP (Geo) ¾ Geologist G l i t with ith 33 years multi‐commodity lti dit experience i ¾ 20 years
Slide 6: € MJ iM! = = = a. ii} ) ai j
€ MJ iM! = = = a. ii} ) ai j
Slide 7: Exploration Expertise
EXPLORATION EXPERTISE “contracted, available on demand” GEOLOGY GEOPHYSICS ¾ Vic Williams ¾ Bill Robertson ¾ Hugh Bunge ¾ Mike Kammermann DATABASE/GIS ¾ Frank Doedens ¾ Peter Litic ¾ Dave Andreazza ¾ Brett Scott
Slide 8: Exploration Expertise
EXPLORATION EXPERTISE
Slide 9: Gold, Iron Ore, Uranium, Base Metals projects
Gold Iron Ore Revere Sylvania Darlot Earaheedy Wattagee Fraser Range Yalgoo Uranium Base Metals Maitland Revere (Cu/Au) Lake Mason Wattagee Darlot Eucla (Cu/Au?) Yalgoo Sylvania
Slide 10: Geology Targets
Geology Targets Target: Sediment hosted stratiform Cu/Au deposit or stockwork Au deposit Intracratonic Proterozoic sedimentary basin Proterozoic sedimentary sequences onlapping Archaean granite/greenstones IP, VTEM and RC drilling completed in 2009
Slide 11: Sandfire Resources Degrussa Cu/Au deposit
• Sandfire Resources Ltd Degrussa Cu/Au deposit in Narracoota Volcanics Volcanics. • Enterprise Metals Ltd focus in 2009 Doolgunna Formation sediments due to granted tenure. • 2010 focus to move to Narracoota Volcanics when tenements granted.
Slide 12: Magnetic & Copper Soil Geochemistry
Magnetic & Copper Soil Geochemistry 2009 VTEM Surveys‐ Images over Image with Prospect Locations Magnetic Image with P Prospect t Locations L ti
Slide 13: 3 Lines of IP completed in 2009
3 Lines of IP completed in 2009. Conductors & chargeability g y anomalies detected with mag & Cu/Au geochem targets. Resistivity anomalies coincident with Au in quartz veins. Deep weathering to 75 metres. WA Gov’t G ’t CCo‐funded f d dd drilling illi $110K VTEM & RC drilling completed 20
Slide 14: Doug's Find, Golden King, Donald Well - 2009
Doug’s oug s Find d ‐ 2009 009 1 Line IP + VTEM survey 4 RC holes Low level Au & Cu in pyritic siltstones & shales Golden King ‐ 2009 2 Lines IP + VTEM survey 17 RC holes Low level l l Cu & Zn in pyritic siltstones & shales Donald Well ‐ 2009 VTEM survey 3 RC holes,, results awaited
Slide 15: No. 2 Bore, Doolgunna, Beefwood - 2009
No. o 2 Bore o e ‐ 2009 009 VTEM survey 10 RC holes Low level Cu in pyritic volcanics Doolgunna ‐ 2009 VTEM survey 3 RC holes Beefwood ‐ 2009 VTEM survey 2 RC holes
Slide 16: Geology - Yandal Belt, Bronzewing & Darlot
Geology -Yandal Belt, Bronzewing & Darlot Historic Gold Results on Magnetic Image Archaean Au/base metal targets Griffin Well IP completed in 2009 Favourable stratigraphy, under-drilled 14 RC holes completed in 2009
Slide 17: Griffin Well 2009
Griffin Well 2009 41 line km IP 200 metre Depth Slice ‐1VD Mag NW – SE striking Target Zone 14 RC holes completed Hole Interval Width Au Comment Number (m) (m) (g/t) GFRC1 20‐28 8 1.0* Includes 1m @ 4.3 g/t from 21m Includes 2m @ 1.3 1 3 g/t from 41m & 3m GFRC1 41‐60 19 0.7* @ 1.0 g/t from 56
Slide 18: Popes Patch gold target
P Popes P Patch t h gold ld target t t P Popes P Patch t h cross section ti Historical drilling with limited follow up 1,500m x 1,500m gold system Excellent g gold targets g based on structure/ RAB IP survey & RC drilling planned for 2010
Slide 19: Geology Magnetics and Prospects
(100%) Geology Magnetics and Prospects Targets: Archaean orogenic Au deposit & VMS Cu/Zn deposits Covers 143 km2 prospective Archaean greenstone & felsic volcanics “Big Big Bell Bell” style conceptual targets for gold along Cuddingwarra Shear Historical RC results encouraging, eg. 4m @ 17.9g/t
Slide 20: AM14 Prospect - Historical drilling, 2009 IP Lines
AM 14 Prospect - Historical drilling 2009 IP Lines
Slide 21: Wattagee Project AM14 Prospect
Wattagee Project AM14 Prospect 3m @ 6300ppm Zn 880ppm Cu Inversion Model IP (mrad) 440ppm Pb ae 1300 1400 r 2306 0 2500 2600 2700 2800 2900 recat tututuloialatati de Bs Depth (mn) Rig aiso— Lin nino kd, @ 47% Za \ 0.7% Cu Si] as 2505 ppm Pb I Calculated IP Data (mrad) _ beak a oneal 1300 1400 1500 1
Slide 22: Wattagee Project Placer Prospect - Au
Wattagee Project Placer Prospect - Au 900 1000 1300 1400 Xs 1600 Inversion Mgdel IP (mrad) 1900 2000 2100 3300 2700 2800 2900 3000 3100 3200 3400 4 1300 1490 1500 1700 1800 ‘Calculated 1P Data (mrad) 1900 2000 2100 2200 2300 2400 2600 2700 2800 2900 3000 3100 3200 3300 3400 1400 1800 1600 Observed I
Slide 23: Wattagee Project Stockyard East - Au
Wattagee Project Stockyard East - Au Inversion Model IP (nrad) 1000 1100 1200 1300 1490 1500 1900 2000 V; Calculated IP Data (mrad) 900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 2400 2500 Observed IP Data (mrad) 900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1909 2000 2
Slide 24: Calcrete hosted uranium deposits
Calcrete hosted uranium deposits Soluble Uranium sourced from Archaean granites. Uranium (carnotite) precipitated in calcrete over greenstone belts after addition of Ca and V. WA State Gov’t approvals for Mining Leases at BHPB Yeelirrie, Mega Maitland, and Toro Lake Way in 2009
Slide 25: Yilgarn Uranium Schematic
Yilgarn Uranium Schematic Alluvial Plain Ana Interfluve Channel Pediment Ground Water Flow LEGEND Grant GB Uranium Mineralisation fog [_] Calcrete L__] Alluvium L_] Silcrete/Laterite [4D Kaolinite Zone 1) Greenstone Mafic/Ultra mafic 22] Weathered Greenstone Calcrete Uranium Deposits L__] Granite Sc
Slide 26: Target: Calcrete hosted uranium, Yeelirrie style
(70%, uranium only) Geology Uranium Channel Target: Calcrete hosted uranium uranium, “Yeelirrie Yeelirrie style” style 70% interest in “Uranium only” joint venture with Mark Creasy Covers part of Lake Maitland channel over Yandal greenstone belt Lies immediately y west of Mega g Uranium’s know
Slide 27: Enterprise's Maitland target, +250ppm U3O8
Enterprise’s Maitland target, +250ppm U3O8 2 Km Reconnaissance aircore drilling by Enterprise west of Mega Uranium’s calcrete deposit 5km long Core Zone of +200ppm uranium Infill drilling required.
Slide 28: Target: Calcrete hosted uranium, Yeelirrie style
(100%) Target: Calcrete hosted uranium , “Yeelirrie style” Downstream from BHPB’s Yeelirrie, 52,500t U3O8 St Strong evidence id in i GSWA radiometric di t i data d t Little previous drilling on Lake Darlot itself 2009 Enterprise soil sampling – max 164ppm U
Slide 29: Magnetics, Total Count Radiometrics
Magnetics Total Count Radiometrics Greenstone belt b l Magnetic image shows north - south greenstone belt. Lack of detailed mag/rad data Airborne magnetic/radiometric survey required
Slide 30: Uranium Image, Digital Terrain Image
Uranium Image Digital Terrain Image Uranium rich channel Magnetic image shows north - south greenstone belt. belt DTM shows major N-S drainage Lack of detailed mag/rad data Airborne magnetic/radiometric survey required
Slide 31: Geology Magnetics - Hamersley style iron
(100%) Geology Magnetics Target: Proterozoic sediments - hematite iron deposit, “Hamersley style” Recent drilling in adjacent tenement by iron ore major in Brockman Iron Formation 2009 survey of uranium and iron ore prospects by Enterprise
Slide 32: Sylvania Project Massive hematite
Sylva Nn la p ro} ect Massive hematite E52/1689
Slide 33: RGB Radiometrics Uranium Channel
RGB Radiometrics Uranium Channel Target: Unconformity/shear hosted uranium deposit Uranium occurrences at unconformity, overlying Sylvania Dome granite Strong airborne radiometric response associated with unconformity Previous work by CRA/PNC - max 0.52% U3O8 in calcrete
Slide 34: Target: Channel Iron Deposit in Proterozoic sediments
(100%) Target: Channel Iron Deposit (“CID”) in Proterozoic sediments Proterozoic Bif’s in Nabberu Basin “Magnetic channels” - aeromagnetics suggest CID’s present Tenement still in application, expect grant in early 2010 Gravity surveys planned
Slide 35: Geology Magnetics - Titaniferous Iron Deposit
(100%) Geology Magnetics Target: Magmatic Titaniferous Iron Deposit in Proterozoic metamorphic rocks Also potential for shear hosted Gold deposits (cf Tropicana) , Ni/Cu – PGE’s & Base Metals 2 Tenements still in application, 1 tenement granted November 2009
Slide 36: Magnetics, Titaniferous magnetite
Magnetics Titaniferous magnetite Aeromagnetics g define 7,000m , long g anomaly: y 3,500m , on Company p y tenement Rock chips by previous explorers: max 38% TiO2
Slide 37: Large, discrete & intense airborne magnetic targets identified
Large, g , discrete & intense airborne magnetic targets identified in DMP regional airborne survey data, 100 km ESE of Fraser Range at Balladonia Targets along major NE NE‐SW SW corridor on margin of Eucla Basin Potential P i l for f iiron oxide id or iron i sulphide (pyrrhotite) ‐Iron oxide‐
Slide 38: Eucla Project Magnetics & Gravity
Eucla Project Magnetics & Gravity aan i ' 2S 16410200m B ui 6409600m ons F rs i i i L i i re 6406936 6408000 6409000 6410000 6411000 6412000 6413000 6414061 MGA94muN,
Slide 39: Eucla Project Magnetics & Gravity
Eucla Project Magnetics & Gravity sss Sse size su008 | 5 164000 6400000 6401000 6402000 6403000 6404058 MGA91mN
Slide 40: Eucla Project Magnetics & Gravity
Eucla Project Magnetics & Gravity 563000 564000 S650) 66000 _ 567000 568000 569000 S700 — 640 1000 WOOT UF DoOODFD 6400000 0006659 6395000 Fs 5 6397000 DO0LSE9 -awoo1sgg wey 6396000 WNEED 362000 SOSH SHg000" BUSY SO00T 567000 -28.00 29.00 30.00 31.00 -32.00 6397000 6398000 6399000 6400000 6401000 MG
Slide 41: Eucla Project Magnetics & Gravity
Eucla Project Magnetics & Gravity ss: * a 4 June's Prospect Line 572570mE 6387932 6389000 6390000 6391000 6392000 6393000 6394000 6394809 MGA94mE
Slide 42: Eucla Project Magnetics & Gravity
Eucla Project Magnetics & Gravity 574900 $7500 S760 STON TROND STI 574000 575000 576000 577000 S780 S790 a Po eee ee ee ee Pe ee ee ee ee ad 6383972 6384500 6385000 6385500 6386000 6386500 6386882 MGA94mN
Slide 43: Eucla Project Magnetics & Gravity
Eucla Project Magnetics & Gravity Viv's Prospect Line 4
Slide 44: Bill's Prospect
Bill s Prospect Bill’s Detailed airborne magnetic survey completed Gravity survey required
Slide 45: Definition
Definition ¾A business organisation. ¾Willingness to undertake new ventures – “initiative”. ¾An undertaking of some scope, complication and risk. ¾A project, j t especially i ll one that th t requires i boldness b ld or effort. ff t ¾Industrious, systematic activity ¾Industrious activity, especially
Slide 46: Reporting of Exploration Results
R Reporting ti off EExploration l ti Results R lt The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Dermot Ryan, y a Fellow of the Australasian Institute of Mining & Metallurgy. Mr Ryan is a Director of
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