Slide 1: EV Resources | Investor Presentation
ASX: EVR 23rd July 2024 EV Resources |Investor Presentation
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by EV Resources Limited (“EVR”). The information contained in this presentation is a Compliance Statement professional opinion only and is given in good faith. The material in this presentation (“material”) is not and does not This presentation contains
Slide 3: An Experienced Corporate Board & Executive Team
An Experienced Corporate Board & Executive Team Luke Martino Adrian Paul Navin S. Sidhu Lynette Suppiah Non-Executive Chairman Executive Director Executive Director Non-Executive Director Hugh Callaghan Gonzalo Lemuz Giorgio Albertini Managing Director Head of Exploration General Director Peru
Slide 4: Corporate Snapshot
Corporate Snapshot ASX EVR Capital Structure Major Shareholders 1,371,271,485 $A8.23m 10% Retail Shares on issue Market Capitalisation 10% As at 18 July 2024 Small instos A$0.006 80% Board & 108,333,331 Management Share Price Listed Options at 4.5c As at 18 July, 2024 Expiring 31/8/2024 Share Price
Slide 5: EVR is a Copper Exploration and Development Company
EVR is a Copper Exploration and Development Company • EVR has two copper projects located within 350km of Lima and close to infrastructure • Parag (EVR 70%) Copper - Molybdenum - Silver Porphyry • 83 Holes demonstrate a large and scalable copper- molybdenum porphyry system over a 1200 metre strike a
Slide 6: We invest in Peru because it is a major copper producer
We invest in Peru because it is a major copper producer DON ENRIQUE • Peru has 12.0% of the world's copper reserves and is the world’s PROJECT second largest Cu producer(2.7mt in 2023) and 3rd largest Mo producer • Peru holds 12% of the world’s copper reserves, 3.9% of its gold, 15.3% of its silver,
Slide 7: Why Did We Invest in Parag?
Why Did We Invest in Parag? • Parag is a Copper-Molybdenum (Cu-Mo) porphyry typical of the Andean region • Copper Porphyries are the source of 70% of the world’s copper as they offer SCALE • Parag is surrounded by Major companies drawn to a recently identified belt of intrusive structures and severa
Slide 8: Parag is part of an Emerging Cu-Mo District
Parag is part of an Emerging Cu-Mo District
Slide 9: Parag lies within a Substantial Intrusive System
Parag lies within a Substantial Intrusive System
Slide 10: Parag's position in the Porphyry system – Molybdenum Rich
Parag’s position in the Porphyry system – Molybdenum Rich Parag Parag Halley et al. Sillitoe (2015) (1973)
Slide 11: EVR has had 76 holes (18,470m) of old drilling
EVR has had 76 holes (18,470m) of old drilling Drill Hole Intercept from (m) to Grade Grade We have drill Core for 21 previous holes (m) Cu% Mo% (10,170m) from a 2011 Programme. A VIE-01 416.5m from surface 0.47 0.19 number drilled targets subsequently VIE-02 177.2m from surface 0.15 0.04 excluded f
Slide 12: Trinchera Este 1980m HQ Diamond Drilling Q1 2024
Trinchera Este 1980m HQ Diamond Drilling Q1 2024 • Hole APG- 001 476m (metres) at 0.31% Cu and 0.14% Mo from 3.2m. This includes intersections of • 348m grading 0.40% Cu and 0.20% Mo from 3.2m to 351.2m, including an intersection of • 44m at 0.64% Cu and 0.31% Mo, from 3.2m to 47.2m. • 24m at 0.81%
Slide 13: Trinchera Este 1980m HQ Diamond Drilling Q1 2024
Trinchera Este 1980m HQ Diamond Drilling Q1 2024 Hole APG- 003 211.5m (metres) at 0.40% Cu and 0.20% Mo from 3m. This includes an intersection of • 160m grading 0.50% Cu and 0.20% Mo from 3m to 163m, including intersections of • 104m at 0.60% Cu and 0.40% Mo, from 3m to 107m. • 32m at 1.20% Cu and 0
Slide 14: Trinchera Este 1980m HQ Diamond Drilling Q1 2024
Trinchera Este 1980m HQ Diamond Drilling Q1 2024 • Hole APG-DDH-005 at Parag assayed 148m at 0.54%Cu, 0.35% Mo, and 8.87g Ag from 0.2m. including: § 120m grading 0.62 %Cu, 0.43 %Mo and 10.45g Ag from 0.2 to 120.2m. • Hole APG-DDH-007 at Parag assayed 180m at 0.31% Cu, 0.09%Mo and 4.20g Ag from surfa
Slide 15: Drill Core – Parag Copper-Moly Project, Peru
Drill Core – Parag Copper-Moly Project, Peru Hydrothermal breccia, matrix-supported Hydrothermal breccia, matrix supported Hydrothermal breccia, matrix supported with hornfels fragments, Molybdenite in with hornfels fragments, Molybdenite in with hornfels fragments, Molybdenite in matrix, and presen
Slide 16: Drill Core – Parag Copper-Moly Project, Peru
Drill Core – Parag Copper-Moly Project, Peru Hydrothermal polymictic breccia with sulfides in matrix, Sphalerite, pyrite, Hydrothermal polymictic breccia, Porphyritic intrusive with quartz chalcopyrite, galena and molybdenite rounded fragments clast supported, veinlets and sulfide dissemination (APG
Slide 17: Significant mineralization outside the breccia
Significant mineralization outside the breccia The seven diamond drill holes drilled in the Trinchera Este area have shown that mineralization is not restricted to the polymictic (sulphide) breccia system but also occurs in the surrounding intrusive porphyry and hornfels and adds to our conviction t
Slide 18: EVR will drill each of the 6 breccia targets in a careful sequence
EVR will drill each of the 6 breccia targets in a careful sequence Trinchera Este is the smallest of the 6 previously drilled breccias. Mineralization in the breccia and adjacent porphyritic intrusions requires a rethink of the approach after several intercepts at Trinchera Este – and then nearly 10
Slide 19: Each of the 6 breccias has been drilled
Each of the 6 breccias has been drilled VIE-03 89.4m from 6.5m at 0.39% Cu & 0.62% Mo VIE-04 VIE-09 95.6m from 60m from 3m at 6.5m at 1% Cu 0.26% Cu & 0.09% VIE-01 & 0.19% Mo Mo 416.5m at 0.47% Cu &0.19% Mo APG-003 211.5m at 0.40% Cu & 0.20% Mo from 3m VIE-10 VIE-14 146m from 6m at 44.45m from 0.21%
Slide 20: The Parag Project - Numerous Undrilled Breccia Outcrops
The Parag Project - Numerous Undrilled Breccia Outcrops 20
Slide 21: Molybdenum Prices increased >14% in 2024
Molybdenum Prices increased >14% in 2024 • Molybdenum prices as at 18th July 2024 (London Metals Exchange) were US$22.84/lb, or US$50,344/ton ne Source: London Metals Exchange Website
Slide 22: Molybdenum 101 – Main Uses
Molybdenum 101 – Main Uses A metal created for iron and steel (~80% of its use) … ~80% … 90% of which comes from copper mines* (*) outside China Source: CPM Group
Slide 23: Molybdenum 101 – Mining Geography
Molybdenum 101 – Mining Geography China accounts for nearly a HALF of the global production There are only two active primary moly mines Source: CPM Group outside China (both in Colorado) 23
Slide 24: Molybdenum Supply – Declining Western Output
Molybdenum Supply – Declining Western Output Western production of moly has been systematically falling for many years 2019 2020 2021 2022 2023 2023 2023 Production Selected Western Mo Producers YoY % YoY % YoY % YoY % YoY % mlbs Comments Freeport McMoRan (USA, Peru) -5.3 -15.5 +11.8 0 -3.5 82.0 14%
Slide 25: Parag will produce and sell Molybdenum Concentrates
Parag will produce and sell Molybdenum Concentrates
Slide 26: Mo Demand – Energy Transition Dividend
Mo Demand – Energy Transition Dividend Nuclear Hydro 1.8% According to World ~7,000 kg Mo/MWh Solar 4.8% 3.2% Gas 1% Coal 0.3% Bank demand for 100-140 kg Mo/MWh 2030 molybdenum from Moly Demand from renewables sector Renewables 73 mlbs in 2030 may reach Geothermal Wind 47.9% 41.7% 12% of the current
Slide 27: Molybdenum Supply – Mo from Copper Mines
Molybdenum Supply – Mo from Copper Mines Increasing copper production will flood the market with moly REALLY? There are nearly 700 copper mines globally. ~60 of them also produce moly (8.6%) In tonnage terms, 41% of Cu produced brings with it some moly (2022 data) Will this be the case in the future
Slide 28: Molybdenum – Critical Metal with high supply risk
Molybdenum – Critical Metal with high supply risk 6.08 5.73 7.07 Molybdenum has a higher supply risk than nickel, copper, zinc, lead, and even lithium! (for more details see: https://theprojectbluegroup.com/critical-materials) “Project Blue’s Critical Material Risk Index (CMRI) 2022 provides a criti
Slide 29: Don Enrique: Drill Ready Copper-Silver
Don Enrique: Drill Ready Copper-Silver
Slide 30: Don Enrique: A drill ready copper-silver project
Don Enrique: A drill ready copper-silver project • The Project is owned by EVR’s 50% owned subsidiary, Minera Montserrat SAC. • In total, 14 licences cover 1,800Ha in an area 30km Northeast of Jauja and approximately 260km from the nation’s capital, Lima. • EVR holds an option to purchase the remain
Slide 31: A 2,000 metre diamond drill programme is planned in 2024
A 2,000 metre diamond drill programme is planned in 2024 • Channel sample results show elevated copper results over the Main Breccia Zone for a 550m strike extent. • 28 of the 108 samples demonstrated copper values greater than 0.30% and up to 3.22% Cu. • 17 of the samples recorded silver values gre
Slide 32: Don Enrique Project
Don Enrique Project • Chargeability Anomaly at different levels shows the trend for the strong chargeability to move at increasing depth towards the west. Surface mapping indicates the dip of the Veta/Breccia body towards the SW.
Slide 33: Further Information
ASX: EVR 23rd July 2024 FURTHER INFORMATION Luke Martino Non-Executive Chairman Tel: +61 8 6489 0600 E: luke@evresources.com.au Hugh Callaghan Managing Director Tel: +61 8 6489 0600 E: hugh@evresources.com.au