Noronex Ltd. · ASX:NRX
Noronex — Diggers and Dealers (August 2021)
24 slides from Noronex's conference presentation, Aug 2, 2021
Slide 1: Investor Presentation
For personal use only Investor Presentation Noronex Limited August 2021
Slide 2: Competent Person's Statement
Competent Person’s Statement For personal use only The information in this report that relates to Exploration Results at the DorWit Copper Project is based on information compiled by Mr Bruce Hooper who is a Registered Professional Geoscientist (RPGeo) of The Australian Institute of Geoscientists. M
Slide 3: Corporate structure
ASX Code NRX Attractive listed copper vehicle Shares on issue 151.6m 1. Advanced de-risked portfolio with rapid Unlisted Options (1) For personal use only 24m news flow including 2021 drilling Share price $0.16 2. Limited exposure on ASX to high quality Market capitalisation (A$m) $24.3m copper expl
Slide 4: Board and Management
Board and Management High quality people For personal use only • Experienced board and management including former senior Sandfire executives with copper production and exploration expertise • In country teams with proven track records Board of Directors David Prentice – Non-Executive Chairman James
Slide 5: Noronex copper investment opportunity
High grade copper project areas in leading mining jurisdictions (Namibia and Canada) • Scale and District Play Potential (>100,000 Ha) • For personal use only The Extensive historic drilling (>170,000m), highlighting multiple high grade, shallow copper deposits with historical resources. Noronex • M
Slide 6: Copper Production Growth Pathway
Copper Production Growth Pathway Targeting Resource of 300,000 tonnes of contained copper for development and copper production For personal use only Discovery of new deposits in the tenements Acquisition of further project areas/acreage with 2H 2021: 2021 drill testing of priority targets strong ge
Slide 7: Why Copper
For personal use only Why Copper
Slide 8: Copper supply – few new discoveries
Copper supply – few new discoveries • For personal use only Copper exploration success and new discoveries over the last decade have been at historically low levels Source: S&P Global Market Intelligence 8
Slide 9: Copper supply – declining grades
Copper supply – declining grades For personal use only • The vast majority of copper resources outside of existing mines are at a grade of 0.5% or below • Over the last 12 years the average grade of copper mined has declined by 1.8% per year to 0.59% in 2017 • Noronex projects are targeting top quar
Slide 10: Copper – demand / supply imbalance
Copper – demand / supply imbalance Copper market For personal use only • Copper is a commodity with strong market fundamentals • Mine grades globally are declining and demand is being driven by industrialisation and electrification • There is a looming demand/supply imbalance that presents an opport
Slide 11: Namibian copper assets
Namibian copper assets For personal use only
Slide 12: Namibia
Namibia Witvlei, ~100 Km east of capital city, Windhoek For personal use only • Stable Mining Law • Excellent Infrastructure • Modern City, Windhoek • Recent successful visit to review targets, plan drill program, establish team • Set up commercial entity • Review projects • Ground work underway Win
Slide 13: Witvlei – Mineralised Belt
Witvlei – Mineralised Belt Copper Soil Geochemistry For personal use only • Inferred and Indicated resources defined in four deposits : 10Mt @1.3% Cu 1 • Discovered unreported historical multi-element soil geochemical survey from 2009 • Large undrilled geochemistry targets • Field checked with subcr
Slide 14: Witvlei – Dalheim Prospect
Witvlei – Dalheim Prospect Follow up of Geochemical Anomalies For personal use only • New unknown prospect • Follow up of 556 ppm Cu Soil Anomaly • Copper brought up under fence post • Farmer’s dozer scrapes, copper rich boulders • Anomaly over 1 km by 1 km • Fences of RC Drill holes planned • Test
Slide 15: Witvlei – Gemboksvlei Prospect
Witvlei – Gemboksvlei Prospect IP Survey underway For personal use only • Large Cu soil anomaly west of previous 1975 drilling • No outcrop, minor gossanous float • Trial Dipole-Dipole IP Survey underway, defining airborne EM targets • Co-incident Chargeability and soil anomalies • Soil anomaly over
Slide 16: Witvlei – Otjiwaru to Okasawa District
Witvlei – Otjiwaru to Okasawa District Follow up of Geophysical-Alteration-Geochemistry Anomalies For personal use only • Otjiwaru has large area of sub-cropping copper • Drilling to commence testing best anomalies • Okasewa : • 4.4 Mt @ 1.2 % Cu1 • Untested 2.5 by 1.2 km Cu soil anomaly south of de
Slide 17: Discovering New Sed-Cu Deposits
Discovering New Sed-Cu Deposits Basin Modelling For personal use only • Brines carry the base metals out of basin deeps • Oxidized fluids precipitate Copper at the reductants (EM Conductors) • Mineralisation alter the conductor, create IP Chargeability and alteration signatures • Copper is in the Wi
Slide 18: Canadian copper assets
For personal use only Canadian copper assets
Slide 19: Ontario copper – project summary
Ontario copper – project summary The opportunity – growing a copper inventory in a Tier 1 mining jurisdiction For personal use only • One of the largest land holders targeting Cu-Au-Ag VMS deposits in Ontario, Canada • Prospective for Cu-Au-Ag VMS deposits and significant gold and PGE mineralization
Slide 20: Next steps
Next steps Active exploration and strong news flow planned for 2021 For personal use only Geological: • Dipole Dipole IP geophysical surveys underway at Witvlei • Awarded drilling, laboratory contracts • Drill 10,000m at Witvlei at five prospects as access allows • Follow up Diamond and infill RC dr
Slide 21: Summary
• Copper is a commodity with strong market fundamentals and growth outlook • Strong board and management with extensive knowledge of the For personal use only copper industry and copper exploration in world-class districts • Projects have significant known copper deposits (with valuable Au and Ag by
Slide 22: Thank you
For personal use only Thank you
Slide 23: DorWit Consolidated Mineral Resources
Table 1: DorWit Consolidated Mineral Resources at a cut-off grade of 0.5% Cu as at 01 March 2021 DorWit Resources 1 Oxidation Classification Tonnes Cu Ag Cu content Deposit State Category (Millions) (%) (ppm) (kilo tonnes) Indicated 0.11 1.30 7 1.4 Oxide Inferred 0.04 1.19 7 0.4 Total 0.15 1.27 7 1.
Slide 24: Onaman Resources
Onaman Resources 2 For personal use only Competent Person Statement In June 2020, a JORC (2012) compliant resource (reported by G. Kirkham) was completed at the Lynx deposit representing approximately 600 metres of a 12km trend of mineralisation on the The information in this report that relates to