Desert Metals Ltd. · ASX:DM1
Desert Metals — Shareholder Meeting (November 2021)
29 slides from Desert Metals's shareholder meeting presentation, Nov 30, 2021
Slide 1: Investor Presentation - Annual General Meeting
For personal use only Nickel | Copper | Gold Narryer Terrane, Western Australia Investor Presentation Annual General Meeting 30th November 2021 www.desertmetals.com.au November 2021 Investor Presentation November 2021 www.desertmetals.com.au
Slide 2: Disclaimer
Disclaimer For personal use only NATURE OF DOCUMENT This presentation has been prepared and issued by Desert Metals Limited (Company) to provide general information about the Company. The information in this document is in summary form and should not be relied upon as a complete and accurate represe
Slide 3: Corporate overview
Corporate overview For personal use only Board of Directors Capital Structure Mr Stewart has over 30 years of international legal and commercial experience, particularly in the Share Price (25 November resources industry, in Africa, Asia, North America and Australia. A$/share 0.26 2021) He worked as
Slide 4: Desert Metals
Desert Metals For personal use only Desert Metals identified the Narryer terrane as highly prospective for intrusive magmatic sulphide deposits, as being relatively unexplored and having the potential to host giant new Ni-Cu-PGE deposits Since Listing on ASX (Dec 2020) Desert Metals has confirmed th
Slide 5: Desert Metals Timeline
Desert Metals Timeline For personal use only 4623 line km of AEM over entire 3360 soil samples covering ~700 tenement package square km - Multiple new targets generated - Multiple new targets generated Julimar Drill Innouendy Company Tenure IPO - $6M discovered Innouendy Drill Belele PGE formation a
Slide 6: Innouendy Ni-Cu-PGE's
Dingo Pass Innouendy Ni-Cu-PGE’s Innouendy Opal Bore Irrida For personal use only East Irrida Hill • Drilling into EM conductors during 2021 intersected Pyrrhotite Hooper Belele dominated magmatic sulphides in mafic intrusive rock; in all three holes drilled. • DHEM suggests there remains an unteste
Slide 7: Comparison – Geochemical anomalies at Innouendy and Gonnerville
Comparison – Geochemical anomalies at Innouendy and Gonnerville For personal use only • Blue outline – Dimensions of Chalice Mining’s 330Mt @ 0.94g/t Pd+Pt+Au (3E), 0.16% Ni, 0.10% Cu, 0.016% Co, maiden resource Cr - ppm • > 5ppb Pd contour over Gonnerville • > 700ppm Cr contour over Gonnerville Cha
Slide 8: Dingo Pass Ni-Cu-PGE's
Dingo Pass Dingo Pass Ni-Cu-PGE’s Innouendy Opal Bore Irrida For personal use only East Irrida Hill Hooper Belele • Dingo Pass – just inboard of craton margin on major cross craton structure, magnetic dome with a cluster of extremely high conductance EM targets; coincident soil anomalies [Ni, Cu, PG
Slide 9: Dingo Pass Ni-Cu-PGE's - AEM
Dingo Pass Dingo Pass Ni-Cu-PGE’s Innouendy Opal Bore Irrida For personal use only East Irrida Hill View of drill collars and targets Plan Hooper Belele • AEM flown across tenement [2021] • Cluster of high conductance targets around the dome prospect, all modelled and drill ready • Depth slice throu
Slide 10: Dingo Pass Ni-Cu-PGE's - Soil Ni
Dingo Pass Dingo Pass Ni-Cu-PGE’s Innouendy Opal Bore Irrida For personal use only East Irrida Hill View of drill collars and targets Plan Hooper Belele • Soil geochemical survey across tenement [2021] • Ni plotted here • Elevated Ni over the dome conductors The dome prospect Soil geochemistry Ni In
Slide 11: Dingo Pass Ni-Cu-PGE's - Soil Cu
Dingo Pass Dingo Pass Ni-Cu-PGE’s Innouendy Opal Bore Irrida For personal use only East Irrida Hill View of drill collars and targets Plan Hooper Belele • Soil geochemical survey across tenement [2021] • Cu plotted here • Elevated Cu over the dome conductors The dome prospect Soil geochemistry Cu In
Slide 12: Dingo Pass Ni-Cu-PGE's - Soil PGE Au
Dingo Pass Dingo Pass Ni-Cu-PGE’s Innouendy Opal Bore Irrida For personal use only East Irrida Hill View of drill collars and targets Plan Hooper Belele Anomalies to follow-up • Soil geochemical survey across tenement [2021] • PGE [Pd + Pt] + Au plotted here ppb • Elevated over the dome conductors •
Slide 13: Dingo Pass Ni-Cu-PGE's - Dome area
Dingo Pass Dingo Pass Ni-Cu-PGE’s Innouendy Opal Bore Irrida For personal use only East Irrida ppb Hill View of drill collars and targets Plan 520000 525000 530000 535000 Hooper Belele 7175000 7175000 7170000 7170000 Approximate area of magnetic image [right] Conductive targets [AEM 7165000 7165000
Slide 14: Belele VMS
Dingo Innouendy Pass Belele VMS Opal Bore Irrida For personal use only East Irrida • The Belele prospect covers gravity and magnetics features interpreted to be an extension of the Hill Hooper Mingah Range Greenstone Belt under cover. Belele • Desert Metals considers the project prospective for shea
Slide 15: Key Assets
Key Assets For personal use only Dingo Pass Innouendy Opal Bore Hooper Irrida Hill Belele GSWA 500k bedrock geology over gravity derived shaded structure, exposed major faults annotated. 15 Investor Presentation November 2021 www.desertmetals.com.au
Slide 16: The Primary Target - Intrusion hosted Ni-Cu-(Co)-(PGEs)
The Primary Target - Intrusion hosted Ni-Cu-(Co)-(PGEs) For personal use only Criteria for magmatic nickel- DM1 ground copper Julimar Craton margin Mantle tapping structures Mafic- Ultramafic Intrusives EM Conductors The SE margin - Nova “Craton scale” Gravity edges Evidence of The W margin - Julima
Slide 17: The Target - Intrusion hosted Ni-Cu-(Co)-(PGEs)
The Target - Intrusion hosted Ni-Cu-(Co)-(PGEs) For personal use only Criteria for magmatic nickel- DM1 ground copper Julimar Craton margin Mantle tapping structures Mafic- Ultramafic Intrusives EM Conductors The SE margin - Nova “Craton scale” Gravity edges Evidence of The W margin - Julimar Ni-Cu
Slide 18: The Target - Intrusion hosted Ni-Cu-(Co)-(PGEs)
The Target - Intrusion hosted Ni-Cu-(Co)-(PGEs) For personal use only Criteria for magmatic nickel- DM1 ground copper Julimar Craton margin Mantle tapping structures Mafic- Ultramafic Intrusives EM Conductors The SE margin - Nova “Craton scale” Gravity edges Evidence of The W margin - Julimar Ni-Cu
Slide 19: Progress since IPO
Progress since IPO For personal use only • Innouendy Ni-Cu-PGE Two Strong EM plate conductors in UM intrusive Drilled. Massive sulphides intersected. Highly Anomalous PGE’s Aircore drilling for Gonnerville style deposit • Dingo Pass Ni-Cu-PGE Prospective Craton margin. Major structures. Eight, very
Slide 20: Progress since IPO
Progress since IPO For personal use only • Irrida Hill Ni-Cu-PGE • Multiple Strong EM plate conductors Drilled. Massive Pyrrhotite. No significant intersections • Opal Bore Ni-Cu-PGE - Gold • Prospective Craton margin. Airborne EM completed. • Major shear zone and alteration. Soil Sampling completed
Slide 21: 2022 Outlook
2022 Outlook For personal use only Des • First mover status in emerging Ni-Cu province led to highly prospective tenement package • Key data acquired during 2021 led to drill ready targets ready for 2022 season • Focus on Innouendy, Dingo Pass and Belele projects • Numerous secondary targets • Subst
Slide 22: Contact us
For personal use only Contact us ROB STUART Managing Director Phone +61 8 97581333 Email admin@desertmetals.com.au Investor Presentation November 2021 www.desertmetals.com.au
Slide 23: JORC Code, 2012 Edition – Table
JORC Code, 2012 Edition – Table 1 Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) For personal use only Criteria JORC Code explanation Commentary Sampling • Nature and quality of sampling (eg cut channels, random chips, or • Diamond drill core samp
Slide 24: JORC Table - Logging and sub-sampling
Criteria JORC Code explanation Commentary Logging • Whether core and chip samples have been geologically and • All drill holes are logged in their entirety. Qualitative descriptions of geotechnically logged to a level of detail to support appropriate minerology, mineralization, weathering, lithology
Slide 25: JORC Table - Verification of assaying
For personal use only Verification of • The verification of significant intersections by either independent or • The Desert Metals Exploration Manager has personally inspected all assaying • The use of twinned holes. core. • Documentation of primary data, data entry procedures, data • Significant as
Slide 26: JORC Table - Location of data points
Criteria JORC Code explanation Commentary used in Mineral Resource estimation. Expected accuracy is + or – 2 m for easting, northing and • Specification of the grid system used. 10m for elevation coordinates. Downhole surveys using an Axis • Quality and adequacy of topographic control. north-seeking
Slide 27: JORC Table - Mineral tenement and land tenure status
Mineral • Type, reference name/number, location and ownership including • Surveys were conducted within DM1 100% owned Exploration tenement and agreements or material issues with third parties such as joint License E9/2303, E52/3650 and E51/1907 land tenure ventures, partnerships, overriding royalti
Slide 28: JORC Table - Data aggregation methods
Data • In reporting Exploration Results, weighting averaging techniques, • Anomalous Pd+PT (PGE) results were reported using a 40ppb aggregation maximum and/or minimum grade truncations (eg cutting of high (0.04g/t) PGE cutoff. methods grades) and cut-off grades are usually Material and should be st
Slide 29: JORC Table - Widths and intercept lengths
Criteria JORC Code explanation Commentary widths and angle is known, its nature should be reported. intercept • If it is not known and only the down hole lengths are reported, there lengths should be a clear statement to this effect (eg ‘down hole length, true For personal use only width not known’)