Duketon Mining Ltd · ASX:DKM
Duketon Mining — Shareholder Meeting (November 2019)
20 slides from Duketon Mining's shareholder meeting presentation, Nov 28, 2019
Slide 1: Investor Update – AGM
For personal use only Investor Update – AGM November 2019 Stuart Fogarty Managing Director www.duketonmining.com.au Duketon Mining Limited |
Slide 2: Cautionary Statement
Cautionary Statement For personal use only This presentation has been prepared by Duketon Mining Limited(“Duketon”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and
Slide 3: Corporate Overview
Corporate Overview Duketon Mining Limited ASX: DKM Share Price Chart (Last 12 Months) For personal use only Shares on Issue 118m 0.25 0.2 Options on Issue1 9.8m 0.15 Market Cap. @ 19.5c $23m 0.1 0.05 Cash + Investments $23m 0 Enterprise Value $0m 1. Volume weighted exercise price of 22.7 cents Board
Slide 4: Strategies to Drive Shareholder Value
Strategies to Drive Shareholder Value For personal use only 1. Expand Existing Targeting extensions to Rosie, C2 and Nariz Ni-Cu-PGE Nickel Resources deposits 2. Discover New Regional work around the highly prospective and largely Nickel Deposits untested greater Bulge area, new belts, new projects
Slide 5: For personal use only
Honeymoon Well Collurabie Mt Fisher East For personal use only Mt Keith Cliffs Hootanui & Camp Oven Yakabindie Rosie & C2 Resources Cosmos Group Hacks Bore Leinster Group Waterloo Sinclair Mt Windarra Somerset Murrin Murrin 50 Kilometres
Slide 6: Strategic Location
Strategic Location Multiple Projects For personal use only 71,000 tonnes of nickel metal in Sulphide JORC resources Ni-Co Laterite – best result 24m @ 0.9% Ni & 0.1% Co Access to most prospective tenure for nickel discovery 26km strike length of prospective unit Minimal holding cost Sure
Slide 7: 71,000 tonnes of nickel metal and growing
71,000 tonnes of nickel metal and growing C2 Nickel Deposit For personal use only Maiden Mineral Resource Estimate 38,000t nickel, 2,370t copper, 26,000oz Pt + Pd Open at depth and along strike Rosie Nickel Deposit Mineral Resource Estimate 33,000t nickel, 7,760t copper, 118,000oz
Slide 8: Rosie Long Section
402000mE 402250mE 402500mE 402750mE Surface For personal use only 500m 5.2m @ 3.3% Ni 250m 3.7m @ 4.4% Ni 0m 5.3m @ 2.6% Ni Legend 7.7m @ 1.4% Ni >10 Ni % m 4.6m @ 3.6% Ni 8 – 10 Ni % m 6 – 8 Ni % m 3.8m @ 2.3% Ni 5.2m @ 9.2% Ni 4 – 6 Ni % m 2 - 4 Ni % m ROSIE <1 Ni % m No significant intercept LONG
Slide 9: Rosie Prospect Cross Section
SW NE For personal use only Base of alluvial Base of complete oxidation 1.0m @ 1.4% Ni, 0.7% Cu Top of fresh rock *2.0m @ 1.7% Ni, 0.3% Cu Mineralisation 6.5m @ 1.7% Ni, 0.4% Cu, 1.7g/t PGE Transported cover *8.8m @ 0.5% Ni, 0.2% Cu, 0.7g/t PGE Transitional 8.5m @ 2.0% Ni, 0.6% Cu, 3.7g/t PGE Ultram
Slide 10: Rosie – 5.2m @ 9.2% Ni, 1.1% Cu & 3.6g/t Pt+Pd
Rosie – 5.2m @ 9.2% Ni, 1.1% Cu & 3.6g/t Pt+Pd For personal use only Hangingwall Ultramafic 8.9% Ni 1.24% Cu 9.18% Ni 1.13% Cu 8.87% Ni 1.25% Cu 9.86% Ni 1.08% Cu 9.33% Ni 0.97% Cu 7.31% Ni 1.51% Cu 9.42% Ni 0.63% Cu Duketon Mining Limited | 10
Slide 11: Nariz Long Section
Surface 402600mE 402800mE 403000mE 403200mE For personal use only 400m 8.1m @ 1.2% Ni Massive sulphide from DKMDD005 0.3% Cu 1.0 g/t Pt/Pd 300m 16.2m @ 0.6% Ni 2.8m @ 1.6% Ni NARIZ 18.7m @ 0.6% Ni LONG SECTION 200m Legend 9.2m @ 5.0% Ni >10 Ni % m 0.1% Cu 0.6 g/t Pt/Pd 8 – 10 Ni % m 6 – 8 Ni % m 7.2
Slide 12: Nariz Prospect Cross Section
S N 6943800mN Tertiary cover Top of fresh rock For personal use only 400m RL 2m @ 1.14% Ni, 0.15% Cu & 1.64g/t Pd + Pt 2m @ 1.06% Ni, 0.26% Cu & 0.7g/t Pd + Pt 2m @ 0.85% Ni, 0.14% Cu & 0.7 g/t Pt + Pd 200m RL 9.22m @ 4.96% Ni, 0.41% Cu & 2.44g/t Pd + Pt 1.8m @ 0.7% Ni, 0.23% Cu & 0.15g/t Pt + Pd 3.
Slide 13: Nariz – 5.6m @ 7.1%Ni, 0.5%Cu & 3.8g/t Pt+Pd
Nariz – 5.6m @ 7.1%Ni, 0.5%Cu & 3.8g/t Pt+Pd For personal use only 5.1% Ni 0.2% Cu 7.7% Ni 0.1% Cu 7.9% Ni 0.5% Cu 8.0% Ni 0.9% Cu 7.9% Ni 0.6% Cu 7.9% Ni 1.3% Cu 7.5% Ni 0.5% Cu 7.8% Ni 0.4% Cu 7.7% Ni 0.2% Cu 6.2% Ni 0.4% Cu 5.4% Ni 0.4% Cu 2.5% Ni 0.5% Cu 1.2% Ni 0.1% Cu Duketon Mining Limited |
Slide 14: C2 Prospect Cross Section
W E For personal use only Base of complete oxidation Top of fresh rock 22m @ 0.7% Ni 22m @ 0.50% Ni 5m @ 0.9% Ni 20m @ 1.0% Ni Mineralisation 52m @ 0.9% Ni Transported cover 14m @ 1.0% Ni Saprolite 4.5m @ 2.0% Ni Saprock Mafic Sediment 25.5m @ 0.7% Ni Ultramafic Drill trace with 0.4% Ni cut-off C2 P
Slide 15: Somerset – New Nickel Sulphide Area
Somerset New Nickel Sulphide Area For personal use only Confirmed cumulate textured dunite ultramafic with petrography Ultramafic contact only intersected in the weathered profile Multiple ultramafic units to the south Undercover No known EM surveys over area Early Stage - requires Ground
Slide 16: Hacks Bore – Nickel Cobalt Laterite
Hacks Bore Nickel Cobalt Laterite For personal use only 6km strike of cumulate textured ultramafic Nickel and cobalt intersected in regolith Only 3 RC holes drilled into fresh rock along basal ultramafic contact Majority of drilling gold focused and shallow aircore Cobalt - up to 24m @ 0.1
Slide 17: Hootanui and Camp Oven
Hootanui and Camp Oven Multiple EM Responses and Ni Sulphides For personal use only Several regionally extensive cumulate textured ultramafic units. No outcrop, shallow cover and laterite. Extensive surface geochemistry, U/M contacts outlined by +250ppm Cu and +2000ppm Ni. Large portions of
Slide 18: Nickel Market
Nickel Market For personal use only LME Price 12 month highs Rapid increase in July and Aug ‘19 LME Stocks Continuous downward trend 66,000t .… Only weeks of global consumption Aug ‘14 300,000t in stocks $9/lb Volatility Increasing? Duketon Mining Limited | 18
Slide 19: Investment Highlights
Investment Highlights Rosie and C2 (Ni) For personal use only 71,000t of nickel 10,000t of copper 144,000 oz of PGE’s Regional Drilling (Ni) 24m @ 0.9% Ni & 0.1% Co at Hacks Bore Corporate Cash (+ liquids) balance of ~$23million – WELL FUNDED Enterprise Value of $0M (Market Cap. $23M) –
Slide 20: Contact Details
Contact Details For personal use only Duketon Mining Ltd. Head Office Phone +61 8 6315 1490 2nd Floor, 45 Richardson Street, West Perth Web: www.duketonmining.com.au Western Australia 6005 Duketon Mining Limited | 20