Blackstone Minerals Ltd · ASX:BSX
Blackstone Minerals — Goldman Sachs Battery Day (April 2018)
30 slides from Blackstone Minerals's conference presentation, Apr 5, 2018
Slide 1: ASX Announcement: Investor Presentation - Amended
ASX Announcement 5 April 2018 BLACKSTONE FAST Ref: /BSX/609/BSX072 FACTS Shares on Issue 96.2m Share Price $0.49 Market Cap $47.2m ASX Code BSX For personal use only BOARD & MANAGEMENT Investor Presentation - Amended Non-Exec Chairman Hamish Halliday Please be advised that amendments have been made
Slide 2: Investor Presentation (ASX: BSX) - Goldman Sachs Battery Day
For personal use only Investor Presentation (ASX: BSX) Goldman Sachs Battery Day Exploring one of the world’s highest grade Cobalt-Gold projects in British Columbia, Canada
Slide 3: Projects Summary
Projects Summary A portfolio of exploration projects in Canada and Australia For personal use only Little Gem Project (Cobalt & Gold), Canada ▪ First drill hole intersected 3% cobalt and 44 g/t gold, consistent with historic drilling and adit channel sampling average grades of 3% cobalt and 20 g/t g
Slide 4: Projects Locations
Projects Locations An international portfolio of cobalt, gold & nickel exploration projects For personal use only Little Gem (Cobalt-Gold) Cartier (Nickel-Cobalt) Middle Creek (Gold) Silver Swan South (Gold-Nickel) Red Gate (Gold) www.blackstoneminerals.com.au 3
Slide 5: Corporate Snapshot
Corporate Snapshot A tight capital structure and well funded for further exploration For personal use only Substantial Shareholders ASX Code BSX Shares on issue 96.2m Board & Management 26% Last Share Price (23 Mar 2017) 44.0c Market Capitalisation A$42m Colestar Management Corp 8% Cash* A$5.6m Opti
Slide 6: Board & Management Team
Board & Management Team Proven track record of mineral discovery and corporate success Board of Directors For personal use only Geologist with over 20 years corporate and technical experience, founder of Adamus Resources Limited, a A$3M float which became a multi-million Hamish Halliday Non-Executiv
Slide 7: Little Gem Project
Little Gem Project For personal use only One of the highest grade Cobalt projects in the world Excellent infrastructure in a well known historic mining district of British Columbia ~330 km by road from Vancouver, Canada; The Little Gem Co-Au project was discovered in the 1930’s by prospectors; 6.2%
Slide 8: Blackstone's first hole at Little Gem
Blackstone’s first hole at Little Gem First hole intersects 3.0% Cobalt and 44g/t Gold at Little Gem For personal use only 4.3 m @ 1.0% cobalt & 15 g/t gold; including 1.1 m @ 3.0% cobalt & 44 g/t gold Source: Refer to ASX Announcement 9 January 2018 www.blackstoneminerals.com.au 7
Slide 9: First Hole – 3.0% Cobalt and 44g/t Gold
First Hole – 3.0% Cobalt and 44g/t Gold Multiple zones of massive sulfide within broader alteration halo For personal use only Source: Refer to ASX Announcement 26 July 2017 and 9 January 2018 www.blackstoneminerals.com.au 8
Slide 10: Little Gem Exploration Highlights
Little Gem Exploration Highlights Jewel Project Consistent & numerous very high grade historic cobalt & gold results (rock samples up to 75 g/t Au) For personal use only Historic drilling results Magnetic Low ▪ 1.8 m @ 2.4% cobalt & 112 g/t gold; ▪ 3.3 m @ 1.4% cobalt & 12 g/t gold; ▪ 4.1 m @ 1.4% c
Slide 11: Little Gem Geology, Workings & Drill Holes
Little Gem Geology, Workings & Drill Holes Historic underground adits explored a small portion of the total ~300m of strike traced at surface For personal use only First hole - 3.0% Cobalt and 44g/t Gold Multiple zones of massive sulfide within broader alteration halo Source: Refer to ASX Announceme
Slide 12: Multiple new targets at Little Gem
Multiple new targets at Little Gem +1.5 km strike extensions, a significant increase to the initial ~300m target zone For personal use only www.blackstoneminerals.com.au Source: Refer to ASX Announcement 22 March 2018 11
Slide 13: Analogous to Bou-Azzer in Morocco
Analogous to Bou-Azzer in Morocco Little Gem geology is analogous to the world class Bou-Azzer primary Cobalt mine For personal use only Bou-Azzer in Morocco has Co-Ni Arsenide deposits with Au & Ag and is currently one of the world’s only operating primary cobalt mines; Structurally controlled and
Slide 14: Little Gem Geological Setting
Little Gem Geological Setting Dominant land position along strike from major historic gold mines For personal use only Little Gem Mine Jewel Mine (Cobalt-Gold) (Gold-Copper-Cobalt) Gold Bridge Bralorne Mine Roxey Prospect 3.0 Mozs Au @ 17g/t (Gold-Copper) Pioneer Mine 1.4 Mozs Au @ 18g/t Source: Ref
Slide 15: Bou-Azzer district in Morocco
Bou-Azzer district in Morocco A world class mining district for base & precious metals For personal use only Source: SNL Economics and Economic Geology Journal “Cobalt Arsenide Orebodies Article” (Vol.77 1982) and Mineralogy www.blackstoneminerals.com.au 14 and Paragenesis of the Co-Ni Arsenide Ores
Slide 16: Global Cobalt Resources
Global Cobalt Resources Putting global cobalt resource grades into context For personal use only www.blackstoneminerals.com.au 15
Slide 17: Blackstone is a standout amongst peers
For personal use only Market Capitalisation (A$M) - 50 100 150 200 250 300 350 Clean Teq Holdings Ltd 858 Australian Mines Ltd www.blackstoneminerals.com.au First Cobalt Corp eCobalt Solutions Inc Ardea Resources Ltd Cobalt Blue Holdings Ltd Aeon Metals Ltd Blackstone is a standout amongst peers Art
Slide 18: Cobalt Focused Peer Comparison
Cobalt Focused Peer Comparison Blackstone ready for re-rating Market Cap Market MarketCap Cap (A$M) A$M Cobalt Value Cobalt Deposite Type Company Ticker For personal use only Deposit Type Company Ticker Market Cap (A$M) Cobalt Value* Other Elements Other Elements Locations Location A$M fully diluted
Slide 19: Cobalt Supply
Cobalt Supply >50% of the world’s Cobalt supply is from the DRC Cobalt Mined by Primary Metal Cobalt Resources & Reserves by Locations For personal use only Primary Cobalt 3% Nickel Laterite 14% China Philippines Cote d'Ivoire Finland Nickel Sulphide 20% Cuba Dem. Rep. Congo Zambia Canada Copper 63%
Slide 20: Cobalt Demand
Cobalt Demand Battery chemicals account for 50% of Cobalt Demand For personal use only Cobalt Demand for Battery Chemicals Cobalt Usage Other 32% Battery Chemicals 50% Superalloys 18% Source: Canaccord Genuity Source: Darton Consulting In a 100% EV world, incremental annual commodity Cobalt Deficit
Slide 21: Australian Projects Summary
Australian Projects Summary Multiple targets for walk up drilling For personal use only Silver Swan South Project (Nickel & Gold), Western Australia ▪ Located 10 km south of Silver Swan (166 kt Ni) and 8 km north of Kanowna Belle (+5 Moz gold); ▪ First drilling identified anomalous Ni, Cu, Pt and Pd
Slide 22: Silver Swan South Emerging Gold Discovery
Silver Swan South Emerging Gold Discovery Along strike of the world class Kanowna Belle Gold Mine (+5 Moz gold endowment) For personal use only High priority nickel sulfide & gold targets Black Eagle Prospect ▪ 10 m @ 3.2 g/t Au from 68 m ▪ 3 m @ 3.5 g/t Au from 60 m Kanowna Belle + 5 Moz Discovery
Slide 23: Silver Swan South Gold & Nickel Targets
Silver Swan South Gold & Nickel Targets Actively drilling for gold and nickel sulfides 10 km to Silver Swan and Black For personal use only Swan Nickel Mines 166 kt Nickel* High priority nickel sulfide & gold targets RIA 167: 3 m @ 3.5 g/t Au from 60 m SNAC070: 10 m @ 3.2 g/t Au from 68 m SNAC027: 3
Slide 24: Red Gate Project
Mt Morgans Granny Smith 2.5Moz Au 4.5Moz Au For personal use only Red Gate Project Walk up high priority gold targets Wallaby Sunrise Dam 8Moz Au 11Moz Au The Project is situated: ▪ 140 km north east of Kalgoorlie; ▪ 10 km north of the Porphyry Gold Mine (900 kozs Au). Refer to Prospectus 15 Decembe
Slide 25: Middle Creek Project
Middle Creek Project Abutting Novo Resources & Millennium Minerals For personal use only Source: Refer to Prospectus dated 15 December 2016 and NI 43-101 Technical Resource Report for Beatons Creek Dated 1 October 2015 www.blackstoneminerals.com.au 24
Slide 26: Drill company mobilizing now at Little Gem
Drill company mobilizing now at Little Gem Initial six holes planned to test the original ~300m strike target zone at Little Gem For personal use only www.blackstoneminerals.com.au Source: Refer to ASX Announcement 22 March 2018 25
Slide 27: Key Drill Intercepts at Little Gem
3.3m @ 1.4% cobalt & 80g/t gold 1.1m @ 3.0% cobalt & 44g/t gold For personal use only 1.8m @ 2.4% cobalt & 112g/t gold 1.8m @ 4.4% cobalt & 73g/t gold 3.3m @ 1.4% cobalt & 80g/t gold 4.1m @ 1.4% cobalt & 11g/t gold 1.5m @ 5.4% cobalt & 26g/t gold 2.0m @ 3.1% cobalt & 76g/t gold 1.0m @ 3.8% cobalt &
Slide 28: Presentation Summary
Presentation Summary Proven track record of mineral discovery and corporate success For personal use only Exploring one of the highest grade Cobalt projects in the world located in British Columbia, Canada; Little Gem historic results average 3% cobalt & 20 g/t gold confirmed by first hole intersect
Slide 29: Forward Looking Statement
Forward Looking Statement ▪ This presentation may contain certain forward looking statements and projections regarding: For personal use only - estimated, resources and reserves; - planned production and operating costs profiles; - planned capital requirements; and - planned strategies and corporate
Slide 30: For personal use only
For personal use only Suite 3, Level 3, 24 Outram Street, West Perth, WA, 6005 T: +61 8 6425 5217 | F: +61 8 6500 9982 | E: admin@blackstoneminerals.com.au | www.blackstoneminerals.com.au @blackstone_BSX @blackstoneminerals Blackstone Minerals
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