Apollo Minerals Limited · ASX:AON
Apollo Minerals — RIU Sydney Resources Round-up May 2023
27 slides from Apollo Minerals's conference presentation, May 10, 2023
Slide 1: Kroussou Zinc-Lead Project: An Emerging Significant Base Metal Discovery
For personal use only Kroussou Zinc-Lead Project An Emerging Significant Base Metal Discovery RIU Sydney – May 2023 ASX: AON 1 ABN: 96 125 222 924
Slide 2: Our vision
Apollo Minerals is an exploration company focused on developing the large scale, near surface zinc-lead Kroussou project in Gabon. For personal use only Our vision To realise Kroussou’s province-scale Zinc potential and create maximum value as a low carbon, globally Page 2 responsible base metals pr
Slide 3: Value Drivers
Value Drivers Emerging Globally Significant Base Metal Discovery For personal use only ▪ Province scale, potential to be a Super Giant base metal project (>300Mt) +135 km trend of mineralisation ▪ Initial Exploration Target of approx. 140-300Mt @ 2%-3.4% Zn+Pb* Zinc sulphide dominant. From only 6 of
Slide 4: Gabon: Africa's Emerging Low-Carbon Mining Province
Gabon Africa’s Emerging Low-Carbon Mining Province For personal use only Growing Presence of Australian Companies Fortescue Metals Group (ASX: FMG) World's Largest Genmin Limited (ASX: GEN) Carbon Credits Scheme Goal Armada Metals (ASX: AMM) GABON >50% Hydropower 75% planned by 2025 Africa’s Tier 1
Slide 5: Zinc | A Critical Metal
Zinc | A Critical Metal New Mines Are Essential To Meet Demand For personal use only Zinc is seeing a mounting supply deficit and a demand increase ▪ Current demand - mainly driven by the production of galvanised steel ▪ Future demand - will be driven by traditional applications and essential ingred
Slide 6: Major Zinc Sulphide Discovery
Major Zinc Sulphide Discovery Emerging Globally Significant Base Metal Project For personal use only Province-scale sedimentary hosted base metal system ▪ Apollo Minerals discovery drilling since April 2021 >300km of prospective embayment contacts over a 135km trend ▪ Less than 12% of embayment tren
Slide 7: A Globally Significant Project
A Globally Significant Project Kroussou is an Emerging Globally Significant Base Metal Discovery For personal use only Few deposits that have comparable scale Globally significant discovery – Tier 1 Excellent potential to grow initial Exploration Target to be a Super Giant base metal project (>300Mt
Slide 8: Proven Potential
Proven Potential Multiple targets to test For personal use only 135km of prospective strike, multiple geophysical structural targets defined 23 defined ‘Embayment’ style Target Prospects; including: Newly defined high-grade massive-sulphide ‘Structural’ style ▪ Discovered at TP13 in 2022 – 40% Zn+Pb
Slide 9: Multiple-Style Sulphide Base Metal System
Multiple-Style Sulphide Base Metal System Mississippi Valley Type (‘MVT’), Embayment and Structural Fault/Feeder Styles For personal use only Three target styles over a 135km trend Embayment Style: Shallow, flat lying, extensive ▪ 23 defined separate targets ▪ Multi-kilometre (4-12km) trend per pros
Slide 10: Target Prospect (Niambokamba)
Target Prospect 13 (Niambokamba) Significant High Grade Structural Mineralisation Discovered For personal use only Initial Exploration Target has defined 25Mt-53Mt @ 2.6%-5.0%1 Embayment style mineralisation ▪ 8km of embayment trend, only 1.3km tested Massive-Sulphide Structural Style Mineralisation
Slide 11: Shallow Structurally Associated Massive Sulphides
Target Prospect 13 (Niambokamba) Shallow Structurally Associated Massive Sulphides For personal use only Page 11 55% Zn+Pb – NKDD029
Slide 12: Target Prospect (Salaganga North)
Target Prospect 1 (Salaganga North) 11km Structural trend – 10 times longer than TP13 For personal use only New Structural target ▪ 11km long, only 3km mapped in detail ▪ Identified through AEM survey and follow up mapping ▪ Interpreted to be analogy of TP13 discovery system ▪ Detailed mapping yet t
Slide 13: Target Prospect (Dikaki)
Target Prospect 11 (Dikaki) Shallow, open-pit potential For personal use only Initial Exploration Target 50Mt-100Mt @ 2.0%-3.1%1 Embayment style mineralisation ▪ Shallow, wide (up to 1km) valley fill with multiple mineralised horizons. 9km of embayment trend Only 1.3km of >8km trend drill tested by
Slide 14: Target Prospect (Dikaki): 2022 Drilling
Target Prospect 11 (Dikaki) 2022 Drilling Defining High-grade Core To Mineralisation For personal use only Page 14
Slide 15: Excellent Metallurgy
Excellent Metallurgy World Class Recoveries and Concentrate Grades For personal use only High Zinc concentrate: Kroussou Recoveries vs Global Producers 53% Zn 93% Company Apollo MMG MMG NCZ Nexa Glencore concentrate recovery Project Kroussou Dugald Rosebery1 Century2 Vazante3 McArthur grade River1 R
Slide 16: Game Plan
Game Plan For personal use only Goal to be Globally Significant, ESG Friendly, Green Zinc-Lead Producer Completed Value Creation Pathway Discovery of Near Surface Massive Continued Feasibility A$7m Successful Regional Exploration Studies Sulphide Drill Program Airborne EM Success raised with Mineral
Slide 17: Executive & Management
Executive & Management Extensive Development and Mining Experience Across Africa For personal use only John Welborn Neil Inwood Hugo Schumann Non–Executive Chairman Managing Director Non–Executive Director Mr Welborn is a highly accomplished and internationally Mr Inwood is a Geologist with over 25
Slide 18: Corporate Overview
Corporate Overview ASX: AON – Apollo Minerals For personal use only 527M Ordinary shares on issue Ownership Structure A$0.036 Board & Management Share price 5-May-23 15% AU $19M Top 20 Shareholders Market cap 5-May-23 51% $2.3M Incl. Cash at 31-Mar-23 and $0.3M in shares Page 18
Slide 19: Appendix
For personal use only Appendix
Slide 20: Zinc Demand
Zinc Demand Demand Through New Uses For personal use only Zinc’s Role in renewable energy Production2 ▪ Offshore Wind Turbines Four tonnes of zinc coating to handle extreme environmental conditions ▪ Electric Vehicles Galvanized steel requires zinc and is the preferred material used by electric vehi
Slide 21: Sulphide Mineralisation From Surface
Sulphide Mineralisation From Surface For personal use only Structurally-related massive sphalerite and Fracture-fill coarse galena within Concentric textured sphalerite and Coarse textured galena, sphalerite galena at TP13 from 3m sandstone unit coarse galena within a breccia unit and marcasite with
Slide 22: Kroussou: Initial Exploration Target
Kroussou: Initial Exploration Target Based on only six of 23 Target Prospects Kroussou Initial Exploration Target1 (refer ASX announcement 9 November 2022) For personal use only Metal Metal Min. Max. Min Grade Max Grade Content Content Target Prospect Tonnage Tonnage Zn+Pb(%)2 Zn+Pb(%)2 Min. Mt Max.
Slide 23: Zn+Pb Mine Analogies – Perring, Laisvall and Pine Point
Zn+Pb Mine Analogies – Perring, Laisvall and Pine Point For personal use only Mine Perring, South Africa 1, 2, 3 Laisvall, Sweden 4, 5, 6 Pine Point, Canada, 7 Years in 1986-2003 (17 Years) - BHP 1942-2001 (~50 years) - Boliden 1964-1988; PEA Assessment July 2022 Operation Operation Open Pit (two pi
Slide 24: Kroussou: Initial Exploration Target Explanation
Kroussou: Initial Exploration Target Explanation of Exploration Target For personal use only The initial Exploration Target for Kroussou is detailed in the ASX announcement dated 9 November 2022, titled “Initial Exploration Target Kroussou Zinc Lead Project”. The Exploration Target table and figure
Slide 25: Information Sources: Exploration Target Comparison References
Information Sources Exploration Target Comparison References For personal use only Table summarising comparative publicly reported Zn/Pb JORC Exploration Targets. Note: Mid-point grade and tonnage data has been plotted in the scatter plot to display a representation of the Exploration Tonnage ranges
Slide 26: Disclaimer
For personal use only Disclaimer Forward Looking Statements Cautionary Statements & Important Information Competent Persons Statement This presentation may include forward-looking This presentation has been prepared by Apollo The information in this presentation that relates to statements. These for
Slide 27: Apollo Minerals Limited
Apollo Minerals Limited (ASX: AON) www.apollominerals.com info@apollominerals.com For personal use only For further information contact: Neil Inwood: Managing Director Themi Kailis: Corporate Development Perth Level 9, 28 The Esplanade, Perth, WA 6000 Phone Fax +61 8 9322 6322 +61 8 9322 6558
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