Polarx Ltd · ASX:PXX
Polarx — Investor Presentation (February 2019)
21 slides from Polarx's investor presentation, Feb 11, 2019
Slide 1: ASX Announcement: Investor Presentation
ASX Announcement 11 February 2019 INVESTOR PRESENTATION PolarX Limited (ASX:PXX) is pleased to advise that it will be presenting at the Resources Rising Stars investor conferences in Sydney on Tuesday 12 February and in Melbourne on Thursday 14 February 2019. A copy of the presentation is attached t
Slide 2: High grade Cu-Au in the Alaska Range Project
ASX: PXX www.polarx.com.au High grade Cu‐Au in the Alaska Range Project Investor Presentation, 11 February 2019 1
Slide 3: High-Grade Cu-Au-Ag deposits with a clear and rapid growth strategy
High‐Grade Cu‐Au‐Ag deposits with a clear and rapid growth strategy Advanced project in Alaska with district‐scale copper anomalies and high‐grade JORC resources in an under‐explored, world‐class porphyry province Two goals: 1. Expand the high grade Zackly Cu‐Au‐Ag resource to critical‐mass for
Slide 4: A team capable of delivering results
A team capable of delivering results Proven project developers* Management have led successful mine developments in Australia, Ghana and Mongolia Technical expertise* Technical directors with doctorate level skills in porphyry copper‐gold systems and complex structural terranes Supported b
Slide 5: Alaska is low risk: Under-explored TIER 1 geology in a TIER 1 jurisdiction
Alaska is low risk: Under‐explored TIER 1 geology in a TIER 1 jurisdiction TIER 1 geology with 6 current mines, all world class Several new world class deposits in permitting and feasibility study phase Over 40Moz Au mined to date Considerably under‐explored compared to other TIER 1 province
Slide 6: Superb geology in an under-explored world class province
Superb geology in an under‐explored world class province LOW RISK ‐ existing high‐grade JORC resources with upside: MARS Zackly Skarn 3.4Mt @ 1.2% Cu, 2.0g/t Au, 14.0g/t Ag Caribou Dome 2.8Mt @ 3.1% Cu GOAL 1: Potential for rapid resource expansion at Zackly Low exploration risk due to mag
Slide 7: Alaska Range at the intersection of two major crustal-scale faults
Alaska Range at the intersection of two major crustal‐scale faults Straddles the major structure between the Tintina Gold Belt and the main Porphyry Cu‐Au Belt in Alaska‐Yukon‐British Columbia Intersected by a major NW crustal‐scale fault which contains known porphyry systems at its southern end
Slide 8: 12km long mineralised corridor provides near term growth and upside
12km long mineralised corridor provides near term growth and upside Zackly skarn likely to rapidly increase in size with further drilling around near‐surface, flat lying mineralization in drill holes ZX‐18020/24 Mars porphyry target has anomalous Cu‐Au‐Mo‐As 55m @ 2.8g/t Au + 0.6% Cu geochemistr
Slide 9: Zackly – drilling adds high grades 850m east of current resource boundary
Zackly – drilling adds high grades 850m east of current resource boundary Cut‐off grade Category Million Tonnes Cu % Au g/t Ag g/t Contained Cu (t) Contained Cu (Mlb) Contained Au (oz) Contained Ag (Moz) 0.5% Cu Inferred 3.4 1.2 2.0 14.0 41,200 90.9 213,000 1.5 2017 drilling verified historical da
Slide 10: Zackly – existing resource is high grade Cu-Au-Ag, open at depth
Zackly – existing resource is high grade Cu‐Au‐Ag, open at depth Sub‐vertical, suitable for underground mining methods Copper mineralization dominated by high‐tenor bornite and chalcocite which may yield a high grade concentrate Coarse‐grained, free‐milling gold present Metallurgical studies
Slide 11: Zackly – rapid growth potential to the east
Zackly – rapid growth potential to the east Change in orientation across fold hinge, visible in the magnetic data Thick, shallow, gently dipping mineralization – open pit potential Clear potential to rapidly expand resource through further drilling Overturned fold, thickening in hinge Slide 10
Slide 12: Saturn porphyry Cu-Au target
Saturn porphyry Cu‐Au target New (blind) target generated from re‐processing regional magnetic data Recent high‐resolution aeromagnetic data validates target Multiple lines of evidence to support porphyry target: Interpreted to comprise a cluster of oxidized intrusions Surrounded by a zone
Slide 13: Mars: strong magnetic and surface geochemical anomalism (Cu-Au-As-Mo)
Mars: strong magnetic and surface geochemical anomalism (Cu‐Au‐As‐Mo) Magnetic data (Analytical signal) Copper in soil anomalism Slide 12
Slide 14: Mars: strong rock-chip geochemistry, up to 50% copper and 7g/t gold
Mars: strong rock‐chip geochemistry, up to 50% copper and 7g/t gold Copper in rock‐chips on copper in soil anomaly Gold in rock‐chips on gold in soil anomaly Slide 13
Slide 15: Mars: co-incident magnetic, IP and Cu-Au-As-Mo anomalism, drill ready
Mars: co‐incident magnetic, IP and Cu‐Au‐As‐Mo anomalism, drill ready Slide 14
Slide 16: Caribou Dome – very high copper grades, open in all directions
Caribou Dome – very high copper grades, open in all directions 2.8Mt at 3.1% copper (0.5% lower‐cut) for 86,000t of contained Copper (JORC 2012) 60% in the top 150m including 935,000t @ 4.4% in possible open pit High grade, sediment‐hosted massive sulphide lenses, open in all directions Many
Slide 17: Ongoing work programs and news flow
Ongoing work programs and news flow January Assay results for remaining drill holes at Zackly March Interpretation + 3D modelling of detailed magnetic data April Preliminary metallurgical test‐work results for Zackly skarn Finalise 2019 geophysical and geochemical sampling programs Finalise 2019 dri
Slide 18: Concluding Statements
Concluding Statements Big holding of high quality, high‐grade copper‐gold‐silver assets in mining friendly Alaska, USA Advanced projects in a TIER 1 jurisdiction – early exploration risk has been removed Major drilling and exploration program delivered superb results in 2018 and highlighted lo
Slide 19: Appendix 1: Experienced management team with track-record
Appendix 1: Experienced management team with track‐record A Chartered Accountant with over 25 years’ direct experience in developing resource companies. A founding director of Gilt-Edged MARK BOJANJAC Mining Limited which discovered East Kundana, one of Australia’s highest grade gold mines and manag
Slide 20: Appendix 2: Strong institutional support from major funds
Appendix 2: Strong institutional support from major funds Shares (M) Options (M) TOTALS 319.3 23.45 SHAREHOLDERS: % Management/Directors/MRG Team 13.0 TIGHTLY HELD JP Morgan (UK) 9.7 Ruffer Gold Fund (UK) 8.6 Top 20 70% U.S. Global 8.0 Top 40 80% Lowell Resources Fund (Aus) 2.2 EXECUTIVES: KEY ADVIS
Slide 21: Cautionary Statements
Cautionary Statements This presentation has been prepared by PolarX Limited (“PolarX”) to assist in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in PolarX or as an inducement to make