Ionic Rare Earths Limited · ASX:IXR
Ionic Rare Earths — Investor Presentation (February 2017)
19 slides from Ionic Rare Earths's investor presentation, Feb 20, 2017
Slide 1: Oro Verde to present at Proactive Investor Luncheons in Sydney and Melbourne
ASX Announcement 20 February 2017 ORO VERDE TO PRESENT AT PROACTIVE INVESTOR LUNCHEONS IN SYDNEY AND MELBOURNE Oro Verde Limited (ASX: OVL) (“Oro Verde” or “the Company”) is pleased to announce that Managing Director – Trevor Woolfe – will be presenting to the Proactive Investor Luncheons to be held
Slide 2: Nicaragua – A golden past and future
ORO VERDE LIMITED (ASX: OVL) Nicaragua – A golden past and future Proactive Investor Luncheons – Sydney & Melbourne February 2017 Trevor Woolfe (Managing Director)
Slide 3: Disclaimer
Disclaimer • Forward Looking Statements - This report contains forecasts, projections and forward looking information. Such forecasts, projections and information are not a guarantee of future performance and involve unknown risks and uncertainties, many of which are out of Oro Verde’s control. Actu
Slide 4: An investment in gold discovery
Oro Verde Limited (ASX: OVL) – An investment in gold discovery Topacio – a 340,000oz gold resource with significant upside A large, under-explored epithermal gold system Newcrest - our world class partner with epithermal expertise Objective – multi-million ounce gold deposits Drilling expe
Slide 5: Corporate Snapshot
Corporate Snapshot Oro Verde Ltd - Capital Structure Major Shareholders (as at 14 February 2017) Wolf Martinick (Director) 7.5% ASX Code: OVL Brad Farrell (Director) 6.9% Issued Shares: 689 million Merrill Lynch Aust Nominees 5.1% Options: 58M @ $0.01 (Sep ‘17) Berenes Nominees PL 4.7% 73M @ $0.05 (
Slide 6: Gold projects in Nicaragua
Gold projects in Nicaragua 1. Topacio Gold Project Historical 340,000 oz high grade gold resource1 US$7.9 million farm-in agreement with NEWCREST signed in November 2015 Newcrest agreed in November 2016 to fund the initial drilling phase 2. San Isidro Gold Project Early stage gold project
Slide 7: Nicaragua Snapshot
Nicaragua Snapshot Location: Central America - between Honduras & Costa Rica Capital: Managua Access: Direct flights from 4 US ports Languages: Spanish, English & Indigenous Stable currency: 5% pa devaluation vs USD Single title type: Mining concession - Valid for 25 years with 25 year extension Min
Slide 8: Why explore in Central America?
Why explore in Central America? • Central America has an excellent gold, silver and copper production record • Overall Central American mineral production: Gold 34 million ounces Silver 276 million ounces Copper 15 million tonnes • Nicaragua has a strong gold mining history – >14Moz produced to date
Slide 9: Major Gold Centres of Nicaragua
Major Gold Centres of Nicaragua - hosts multi-million ounce deposits Golden Triangle: 8 Moz Bonanza Gold Mine Mineros/HEMCO 70,000 oz pa US$800/ oz (estimate) La India: 2.9 Moz Condor Gold plc 2.3 Moz resource Positive PFS (Dec ‘14) San Isidro La Libertad: 1.8 Moz B2Gold 120,000 oz pa El Limon: 3.5
Slide 10: Topacio Gold Project
Topacio Gold Project - OVL option to acquire 100% • 2.7 million tonnes at 3.9g/t Au (340,000 oz Au) - Inferred Mineral Resource (NI 43-101)1 • This is a foreign estimate and is not reported in accordance with the JORC Code. A Competent Person has not done sufficient work to classify the estimate as
Slide 11: Topacio Gold Project – Good Access
Topacio Gold Project - Good Access • Located in the southeast of Nicaragua, just 200km from Managua • Adjacent to the regional sealed highway TOPACIO 200km 10
Slide 12: Excellent access & ground position
Excellent access & ground position New IGUANAS Application New GALEANO Application Topacio 93km2 in cattle farmlands Expand land position by up to 240% Sealed highway runs just to the north Potential increase from 93km2 to 316km2 New tenement applications Control the Topacio district 11
Slide 13: Topacio Gold Project – New targets defined by OVL in 2015
Topacio Gold Project - New targets defined by OVL in 2015 • 35km of mapped veins but only 4km included in current resource • Rock chip sampling outlined numerous high grade gold mineralised targets Best OVL surface sampling results 2015 *Chicago 23.8 g/t Au and 41 g/t Ag Dispute 92.9 g/t Au and 220
Slide 14: Topacio Gold Project – Newcrest farm-in agreement
Topacio Gold Project - Newcrest (NCM) farm-in agreement* NCM signed farm-in agreement in November 2015 Objective: To discover “Newcrest-scale” multi-million ounce gold deposits • NCM may sole fund US$4.4 million to earn 51% • Stage 1a - minimum commitment US$0.5m achieved in Year 1 by Nov ‘16 •
Slide 15: Topacio Gold Project – Commencing drilling phase in Q1 2017
Topacio Gold Project - Commencing drilling phase in Q1 2017 Objective To Outline >2 Moz Gold Resource • Stage 1a - investigate potential of entire concession COMPLETED • Geology: detailed vein mapping and sampling • Geochemistry: concession-wide grid soil sampling (multi-element) • Geophysics: airbo
Slide 16: High Priority Rebeca Target Zone
High Priority Rebeca Target Zone Topacio Resource Area Rebeca-Sahino Zone - Infill soil grid Soil Geochemistry – Gold + Arsenic + Antimony + Tungsten Characteristic of the upper levels of a buried low sulphidation epithermal gold system Refer to ASX announcement dated 7 December 2016 “Drilling of Re
Slide 17: Rebeca Vein – Drilling Program
Rebeca Vein – Drilling Program Rebeca Vein 3km long vein – not previously drilled Potential for a buried low sulphidation epithermal gold system below a silica Topacio Resource Area cap Similar style to other deposits Newcrest has operated – Gosowong and Cracow Drill hole map – see Fig 2 Drill
Slide 18: An investment in gold discovery
Oro Verde Limited (ASX: OVL) – An investment in gold discovery Topacio – a 340,000oz gold resource with significant upside A large, under-explored epithermal gold system Newcrest - our world class partner with epithermal expertise Objective – multi-million ounce gold deposits Drilling expe
Slide 19: Thank You
ORO VERDE LIMITED (ASX: OVL) THANK YOU Follow OVL at: Website: www.oroverde.com.au Email: info@oroverde.com.au Twitter: @MDOroVerde * Sign up to our mailing list via the website
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