29metals Limited · ASX:29M
29metals — CLSA Australian Exploration Access Day Conference 2022
33 slides from 29metals's conference presentation, Jun 2, 2022
Slide 1: ASX Announcement: CLSA Australian Exploration Access Day Conference
ASX ANNOUNCEMENT Thursday, 2 June 2022 For personal use only CLSA AUSTRALIAN EXPLORATION ACCESS DAY CONFERENCE INVESTOR PRESENTATION 29Metals Limited (‘29Metals’ or, the ‘Company’) is presenting at the CLSA Australian Exploration Access Day Conference in Sydney later today. Accompanying this release
Slide 2: 29Metals Limited - CLSA Australian Exploration Access Day Conference
29Metals Limited For personal use only CLSA Australian Exploration Access Day Conference June 2022
Slide 3: Important information
Important information The information in this presentation has been derived from material publicly released by 29Metals and is provided for informational purposes only and may be changed or updated without notice. The information presented should not be used for any purpose other than gaining genera
Slide 4: Important information
Important information For personal use only PRESENTATION CURRENCY AND ROUNDING 29Metals functional currency is Australian dollars (‘A$’). Unless otherwise stated, all financial information in this presentation is in A$. Financial information in this presentation is subject to rounding. MINERAL RESOU
Slide 5: Portfolio
Portfolio Substantial copper producer, with all assets in Tier 1 jurisdictions Production from Golden Grove and Capricorn Copper, both with long mine lives, production growth opportunities and significant For personal use only resource extension potential, plus Redhill in Chile providing a strategic
Slide 6: Exploration Strategy
Exploration Strategy Exploring Tier 1 locations for copper and other metals critical to the global energy transition For personal use only Exploration is the third limb of 29Metals’ organic growth strategy, with exploration opportunities in the prospective tenement packages around existing mining op
Slide 7: Geology Management
Geology Management Highly experienced geology management team Team Structure For personal use only Mark van Heerden Rosie Gray Walter Muehleback Lucas Williams Group Manager, Geology Exploration and Mineral CEO, Redhill Geology Manager, Resource Manager, Golden Grove 13yrs with Golden Grove 7yrs wit
Slide 8: Exploration
Exploration 2022 Exploration Guidance: $10 – 20m (2021 expenditure $8m) For personal use only Xantho Extended Xantho Extended North Conteville Cervantes Xantho Scuddles – GG4 GOLDEN Oizon GROVE D Zinc Hougoumont Extended Hougoumont Flying Hi Gossan Hill Remnants Gossan Scuddles Remnants Valley Tryal
Slide 9: Copper Capricorn
For personal use only 1 Copper Capricorn 8
Slide 10: Capricorn Copper
Capricorn Copper High-grade copper operation in a Tier 1 jurisdiction For personal use only Asset Overview Capricorn Copper Project Location Queensland, Australia Mining method Underground, sub-level caving and long hole open stoping Commercial production Large scale mining commenced in 1970 Mine li
Slide 11: In-mine and Near-mine Growth
In-mine and Near-mine Growth Capricorn Copper Five known orebodies: For personal use only Multiple mining fronts and orebodies 1,858km2 of highly prospective, under- provide scheduling flexibility and blending optimisation ESS, Mammoth and Greenstone in production. Esperanza and Pluto in LOM pla
Slide 12: Redhill
For personal use only 2 Redhill 11
Slide 13: Redhill
Redhill 2022 field campaign underway to define future drilling program For personal use only Field sampling using portable drills and high- resolution drone-based magnetic surveys Collected rock samples along strike of the Gorda, Christina, and Cutters veins, with assay results pending Drone m
Slide 14: Golden Grove
For personal use only 3 Golden Grove 13
Slide 15: Golden Grove
Golden Grove World-class VHMS geological system For personal use only Asset Overview Location Western Australia Mining method Underground, long hole open stope Commercial production Commenced in 1990 Mine life 10+ years Copper concentrate, zinc concentrate, high precious metals Product concentrate T
Slide 16: In-mine and Near-mine Growth
In-mine and Near-mine Growth Golden Grove long-section 1 For personal use only World-class VHMS with multiple ore sources and diversified production Advancing and developing known targets Significant untested exploration potential, both along strike and at depth Potential 3rd Mining Front Exis
Slide 17: Golden Grove Geology
Golden Grove Geology Regional geology Local geology For personal use only Yalgoo-Singleton Greenstone Belt 3 mineralised stratigraphic units: Extensive greenstone belts within trucking distance o GG6, GG4 and SC3 Highly prospective for base metal mineralisation GG6 hosts Scuddles resource
Slide 18: Approach to Resource Growth & Exploration
Approach to Resource Growth & Exploration Golden Grove For personal use only Exploration strategy Progression of generative targets through to Ore Reserves across district, near mine and in-mine exploration Annual cycle of Mineral Resource growth and conversion seeks to exceed mining depletion o
Slide 19: Deposit Scale Exploration
Deposit Scale Exploration Robust exploration model refined over 50 years – targeting techniques well proven For personal use only Surface Geochemistry – historic data re-analysis Litho-geochemistry – machine learning algorithm developed Good coverage of soil and Outputs of the algorithm include
Slide 20: Deposit Scale Exploration
Deposit Scale Exploration Downhole electro-magnetic (DHEM) continues to identify new targets For personal use only Geophysics – Identified Gossan Valley and Grassi orebodies DHEM surveys on surface diamond drillholes Primary geophysical tool used in exploration on site Search radius of 150m ar
Slide 21: Deposit Scale Exploration
Deposit Scale Exploration Find the feeder, find the deposit For personal use only Drilling and Geological Modelling – 3D geological models used for direct targeting around feeder zones Significant amounts of drilling across the tenement package AC and RC key to obtaining geochemical information
Slide 22: Exploration Discovery Timeline
Exploration Discovery Timeline Long-lived exploration success – right rocks, team and Budget to continue discovery For personal use only Sulphide and magnetite gossans discovered at Gossan Hill during 1971 regional prospecting for massive sulphides hosted within felsic World-class VHMS system volc
Slide 23: Cervantes Resource Extension
Cervantes Resource Extension Successful Exploration programme is ongoing at Cervantes The 2021 Mineral Resources estimates 1 have seen a 100% increase in estimated tonnes to 4.6Mt @ 1.4% Cu, 6.6% Zn, 0.7g/t Au, 40g/t Ag (2020: 2.3Mt @ For personal use only 1.1% Cu, 6.9% Zn, 0.5g/t Au, 34g/t Ag) 2020
Slide 24: Future Exploration Opportunities
Future Exploration Opportunities Near mine and resource extension Significant untested potential, both along strike and at depth at Scuddles, Gossan Hill, Gossan Valley and Grassi For personal use only Favourable geology, tenure over all known occurrences of the Golden Grove formation Extensive
Slide 25: Future Opportunities: Scuddles exploration
Future Opportunities Scuddles exploration For personal use only Scuddles Long-section 2 N Targets Scuddles Oxide Southern extent of Scuddles Oxide not fully tested Potential 30-40m dextral offset at the southern end of the Scuddles Oxide Pit has not been tested Scuddles Footwall The GG4 strati
Slide 26: Future Opportunities: Gossan Hill exploration
Future Opportunities Gossan Hill exploration For personal use only Gossan Hill Long-section 2 Targets N North Xantho Extended Interpreted that Dacite intrusion occupies the feeder position adjacent to Xantho Extended to the north It is common for both sides of the feeder zones to be mineralised
Slide 27: Future Opportunities: Gossan Valley exploration
Future Opportunities Gossan Valley exploration – deeper favourable stratigraphy remains untested For personal use only Gossan Valley Long-section 1, 2 Target area Targets N Limit of current drilling as at 31-March-2022 Conteville Zinc mineralisation intersected in GG4 unit the same stratigraphic p
Slide 28: Future Exploration Opportunities: Regional exploration
Future Exploration Opportunities Regional exploration For personal use only Assess and rank regional copper and zinc occurrence for potential follow up work 200Km radius Copper Occurrence Zinc Occurrence 100Km radius Golden Grove Golden Grove Tenure 27
Slide 29: Appendix
For personal use only Appendix 28
Slide 30: Definitions of Non-IFRS Financial Information Metrics
Definitions of Non-IFRS Financial Information Metrics METRIC DEFINITION AISC is all-in sustaining costs, and is calculated as C1 Costs plus royalties cost, corporate costs, sustaining capital and capitalised development costs, but excludes growth capital and exploration. For personal use only AISC i
Slide 31: Group Mineral Resources and Ore Reserves Estimates
Group Mineral Resources and Ore Reserves Estimates 1 Mineral Resources Mineral Resources estimates at the Group level are the aggregation of Mineral Resources estimates for Golden Grove, Capricorn Copper and Redhill. Mineral Resources have been depleted for production to 31 December 2021 and are rep
Slide 32: Group Mineral Resources and Ore Reserves Estimates
Group Mineral Resources and Ore Reserves Estimates 1 Ore Reserves Ore Reserves estimates at the Group level are the aggregation of Ore Reserves estimates for Golden Grove and Capricorn Copper. Ore Reserves have been depleted for production to 31 December 2021 and are reported as at that date For per
Slide 33: Unlocking value to empower the future.
For personal use only Unlocking value to empower the future. 32
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