Impact Minerals Limited · ASX:IPT
Impact Minerals — Investor Presentation (August 2015)
36 slides from Impact Minerals's investor presentation, Aug 20, 2015
Slide 1: Investor Presentation
For personal use only Investor Presentation Managing Director: Dr Mike Jones August 2015 Funded For Discovery at Three Potential Company-Making Projects
Slide 2: Introducing Impact Minerals (ASX:IPT)
Introducing Impact Minerals (ASX:IPT) Listed on ASX November 2006 For personal use only Shares on Issue 566m Options/Warrants 8m listed IPTO 34m unlisted – Executive 45m unlisted – Squadron Convertible Note $2m – Squadron Share Price 2.8¢ Market Cap $15.9m • At the upcoming AGM the Company intends S
Slide 3: Board of Directors
Board of Directors § Founding Non-Executive Chairman of both Impact Minerals and Invictus Gold. For personal use only § 35 years public and private sector experience in corporate finance, securities & investment Peter Unsworth industries. Chairman § Previous Chairman of West Australian Government
Slide 4: Investment from Squadron Resources
Investment from Squadron Resources Potential $7.3 million in funding For personal use only • Tranche 1. Completed. • $2 million convertible note: 3 year term, interest free, redeemable in shares only. • Convertible at the lower of 2.1 cents per share or 80% of the 30 day VWAP. • 45,000,000 unlisted
Slide 5: Impact has projects each with the potential for the discovery of a major mine
Impact has 3 projects each with the potential for the discovery of a major mine For personal use only 5
Slide 6: Investment Summary
Investment Summary 1. Broken Hill, NSW (IPT: 87%): Drill programme in September 2015 For personal use only • Highest platinum group metal (PGM) grades in Australia: • Significant discovery of high grade PGM’s, copper and nickel • 30 metre thick zone at 6 g/t platinum equivalent • Potential for multi
Slide 7: Broken Hill Project
Broken Hill Project PGM-Nickel-Copper New South Wales For personal use only Impact 87% GCR 13%
Slide 8: What are Platinum Group Metals (PGM)
What are Platinum Group Metals (PGM) • Suite of 6 precious metals that occur For personal use only together in nature Pt, Pd, Rh, Ir, Os, Ru + Au • Primarily used for: auto catalytic converters, hard-wearing metal alloys, electronics, jewellery • Demand is increasing • Extremely high value per ounce
Slide 9: Highest platinum grades in Australia
Highest platinum grades in Australia • Ultramafic rocks with high grade platinum over a 40 km belt For personal use only • Widespread rare high grade platinum group metals: platinum, palladium, rhodium, osmium, iridium, ruthenium 3 priority targets: • Red Hill: lmpact discovery of high grade PGE-Cu-
Slide 10: Emerging Discovery at Red Hill
Emerging Discovery at Red Hill For personal use only OXIDE • Massive, disseminated and vein-hosted copper-nickel sulphide and oxide • 26 m at 6.9 g/t platinum equivalent • 32 m at 6.4 g/t platinum equivalent • Contains up to 4 g/t of the rare PGMs rhodium, iridium, osmium, ruthenium • High dollar pe
Slide 11: Red Hill: the start of something big?
Red Hill: the start of something big? For personal use only 11
Slide 12: Drill programme to start at end of September
Drill programme to start at end of September 1,500 m of diamond drilling to test 7 targets For personal use only • 1969: Two drill holes by CRA but in wrong direction • Hundreds of metres of untested strike extent • Untested EM/IP anomalies T7 12
Slide 13: Regional Potential: Moorkai Intrusive Complex
Regional Potential: Moorkai Intrusive Complex For personal use only • Spectacular rock chip results and bulk samples over 9 km of strike • Limited assays indicate the rare PGMs (rhodium, iridium, osmium and ruthenium) are likely to be widespread and high grade • Limited drilling only at Platinum Spr
Slide 14: For personal use only
For personal use only
Slide 15: Major Copper-Gold Mining Province
Major Copper-Gold Mining Province For personal use only 15
Slide 16: Commonwealth Project
Commonwealth Project • Large land holding: 315 sq km For personal use only • >50 km of strike potential for 2 types of deposit – Volcanogenic Massive Sulphide e.g. Woodlawn analogue 7 million ounces gold equivalent (US$10 billion value) – Porphyry copper gold e.g. Cadia-Ridgeway >25 million ounces g
Slide 17: Commonwealth: Deposit Model
Commonwealth: Deposit Model Volcanogenic Massive Sulphide (VMS) For personal use only 17
Slide 18: Target: >1 million gold equivalent ounces
Target: >1 million gold equivalent ounces eg Woodlawn deposit, Goulburn, For personal use only NSW (Heron Resources) • Silurian VMS Deposit: 7 million ounces gold equivalent (US$8 bn) • 17.7 Mt at 1.4 g/t gold, 80 g/t silver, 1.7% copper, 9.9% zinc, 3.8% lead • Multiple lenses down to at least 630 m
Slide 19: Inferred Resource Statement
Inferred Resource Statement 722,000 tonnes at 4.7 g/t gold equivalent For personal use only for 110,000 gold equivalent ounces >1,000 oz gold equivalent per vertical metre from surface Potential very profitable starter pit Category Tonnes Au ppm Ag ppm Cu% Pb% Zn% Inferred 722,000 2.78 48 0.1 0.6 1.
Slide 20: What's hiding under Silica Hill?
What’s hiding under Silica Hill? • Large sulphide-silica alteration system at least 300 m thick and 500m long For personal use only • Significant thick and high grade silver results – possible epithermal feeder zone The big one? 20
Slide 21: Porphyry-Copper Potential
Porphyry-Copper Potential • Multi million ounce potential For personal use only • Recognition of metal-assemblages in soil geochemistry indicating – Cu-Au Porphyry and Skarn – Au-Ag-base metal high sulphidation over many square kilometres • Major breakthrough for Impact 21
Slide 22: Commonwealth Work Programme 2015
Commonwealth Work Programme 2015 • Alteration study to identify vectors to mineralisation For personal use only • Modelling of ground gravity data • Metallurgical test work using the Kell Process • Interpretation of Regional Geology and Target Generation • Drill programme Q1 2016 22
Slide 23: Mulga Tank Nickel-Gold Project
Mulga Tank Nickel-GoldProject Western Australia For personal use only Impact 100%
Slide 24: Mulga Tank Project
Mulga Tank Project • Emerging WA nickel province For personal use only • Near to world class nickel mines: – Perseverance >1 Mt Ni metal – Mt Keith >2 Mt Ni metal – Kambalda camp >1 Mt metal • Recent discoveries at – Nova-Bollinger deposit (0.5 Mt Ni Eq.) – Camelwood (Ni) – Collurabie (Ni-Cu-PGE) –
Slide 25: Mulga Tank: Nickel Model
Mulga Tank: Nickel Model Perseverance – Rocky’s Reward -‐ Venus For personal use only • Targeting very large deposits e.g. Perseverance: >1 Mt nickel metal and Rockys Reward: >0.25 Mt nickel metal • (By comparison Nova-Bollinger (Sirius Resources) contains 0.36 Mt nickel equivalent) • Significant p
Slide 26: Mulga Tank: A new nickel field?
Mulga Tank: A new nickel field? • Very poorly explored For personal use only greenstone belt • Extensive sand cover has hindered exploration • IPT’s licences cover 425 sq km • Significant untapped gold potential • Same region as Gruyere (>10 Moz??!) • Work by Impact only focused on 15 sq km area ove
Slide 27: Mulga Tank Impact discovery of High Grade Nickel-Copper
Mulga Tank Impact discovery of High Grade Nickel-Copper • Four of six targets tested For personal use only 13 drill holes: 11 with significant nickel-copper returned high tenor nickel and copper in komatiites, veins and dunite • Mineralisation extends over many sq km Kambalda Camp >2 Mt Ni Area of M
Slide 28: Conclusions so far / Mulga Tank Work Programme
Conclusions so far • Discovery of high grade nickel-copper sulphides over many hundreds of metres of strike For personal use only • First direct indication of high grade nickel-copper sulphides in entire region • Soil geochemistry has significant potential to rank targets • Impact’s conceptual model
Slide 29: Proposed Rights Issue
Proposed Rights Issue • 1:6 renounceable rights issue of 94.4m shares at 2.1¢ per share to raise up to circa $2m before costs. For personal use only • The issue price: – Is the same price as the investment by Squadron; – Represents a 25.0% discount to last sale price of 2.8¢; – Represents a 22.2% di
Slide 30: Use of Funds (including Squadron Funds)
Use of Funds (including Squadron Funds) For personal use only Description Amount $600,000 Broken Hill: Drill programme commencing first week of September Commonwealth: Follow up work to idenIfy new drill targets for Q1 $200,000 2016 Commonwealth: Drill programme Q1 2016 $1,200,000 Mulga Tank: Airborn
Slide 31: Indicative Timetable
Indicative Timetable For personal use only Event 2015 Announce transaction to the market Wednesday 19 August Ex date rights trading begins Monday 24 August Record date Wednesday 26 August Rights trading ends Wednesday 2 September Closing date Wednesday 9 September Allotment of shares Wednesday 16 Se
Slide 32: Investment Summary
Investment Summary • Significant project portfolio For personal use only • Major supportive cornerstone investor Squadron Resources with staged investment of up to $7.3m • Rights Issue attractively priced at a 25% discount to last sale price • Company now fully funded to aggressively test the potent
Slide 33: News Flow
33 For personal use only News Flow
Slide 34: Disclaimer: What You Should Know
DISCLAIMER What You Should Know For personal use only Find out more – This presentation is being used as a presenter’s aid with summarised information. See Impact’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.c
Slide 35: JORC Compliance
JORC Compliance - 1 Resource and Reserve estimates: The information in this presentation relating to estimates of Exploration Results and Mineral Resources have been extracted from the following reports: For personal use only ASX Release Date Title of ASX Release 17 July 2015 New Cornerstone Investo
Slide 36: JORC 2012 Compliance
JORC 2012 Compliance - 2 The ASX releases referenced in the previous slide are on the Impact website at www.impactminerals.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the most recent For personal use only market
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