Enterprise Metals Limited · ASX:ENT

Enterprise Metals — Investor Presentation (July 2015)

24 slides from Enterprise Metals's investor presentation, Jul 29, 2015

  1. Slide 1: Enterprise's Vulcan….the next Monty?

    Enterprise’s Vulcan….the next Monty? 29 JULY 2015 “Sandfire’s Monty opens up potential for more Cu/Au discoveries at Doolgunna…..” General Vulcan area, northeast of Doolgunna homestead Gold specimen from Vulcan costean (2012) PAGE 1

  2. Slide 2: Important Information

    Important Information Disclaimer This presentation has been prepared by Enterprise Metals Limited (“Enterprise”) and is current at the date of the presentation is delivered. The presentation is in summary form and does not purport be all inclusive or complete. Recipients should conduct their own inv

  3. Slide 3: Tightly held – low enterprise value

    Tightly held – low enterprise value Capital Structure Share Price & Volume Share Price (close 28 July 2015) A$ 0.042 Shares on Issue # 274.51 million Options on Issue 1 # 36,262,500 Market Capitalisation A$m $11.53 m Cash 2 A$m $0.30m Shares in ASX listed entities A$m $0.28m Debt A$m Nil Enterprise

  4. Slide 4: Enterprise's Doolgunna Focus

    Enterprise’s Doolgunna Focus DOOLGUNNA PROJECT 100% OTHER PROJECTS Fraser Range  Apollo Minerals (AON) 70% & operating  ENT 30% free carried to completion of BFS Darlot  Independence Group (IGO) earning 51% by expenditure of $1.7M  Right to earn up to 70-80%  IGO sole funding & operating PAGE 4

  5. Slide 5: Overview – Active Projects

    Overview – 3 Active Projects Doolgunna Fraser Range Darlot 100% AON free carrying ENT 30% IGO earning 70-80% to completion of BFS 2014 Actual VHMS/SEDEX Cu/Zn (Au) Magmatic Ni/Cu VHMS Cu/Zn (Au) Maglag/soils DG: 1,113 Maglag 2,352 soils Gravity survey Borg 946 stations Ground EM Borg 7.0km MLEM Plat

  6. Slide 6: Capricorn Orogen – Cu/Au Province

    Capricorn Orogen – Cu/Au Province Highly prospective for Cu/Au deposits  1942-53: Small scale mining  1955-71: “Thaduna”  2009: Sandfire “DeGrussa”  2013: Sipa “Enigma”  2014: ENT “Vulcan” targets  2015: SFR “Monty” discovery Southern Boundary and Goodin Faults represent deep crustal sutures t

  7. Slide 7: ENT Strong Land Position

    ENT Strong Land Position ~970km2 granted tenure, prospective for VHMS and SEDEX style deposits PAGE 7

  8. Slide 8: Multiple Targets

    Multiple Targets Pathfinder Elements Cu, Te, Bi, Sb, W, Mo, Sn PAGE 8

  9. Slide 9: Vulcan, 2nd most exciting Cu/Au play after Monty

    Vulcan, 2nd most exciting Cu/Au play after Monty PAGE 9

  10. Slide 10: Copper Soil Geochemistry

    Copper Soil Geochemistry Strong analogy between ENT’s Vulcan and SFR’s Monty ENT: ASX release 21 July 2015 Nigel Brand of Geochemical Services Pty Ltd PAGE 10

  11. Slide 11: Vulcan and Goodins Prospects

    Vulcan and Goodins Prospects “2nd most exciting Cu/Au play after Monty….” Vulcan & Goodins Au & Cu Drilling results on 1st VD Magnetic Image ~8km strike of favourable stratigraphy PAGE 11

  12. Slide 12: ENT's Vulcan: in SFR's "Prospective Corridor"

    ENT’s Vulcan: in SFR’s “Prospective Corridor” TLM: ASX Release 20 Dec 2013 SFR: ASX Release 25 June Jan 2015 “SFR earning 70% by spending $15M over 5.5 yrs…” “…TLD0004A at Monty: 16.5m @ 18.9% Cu & 2.1g/t Au…….. “ PAGE 12

  13. Slide 13: SFR High Powered EM Program

    SFR High Powered EM Program TLM: ASX Release Feb 2015 49 Fixed Loop EM (FLEM) surveys by SFR SFR FLEM heading for ENT’s Vulcan & Goodins Prospects PAGE 13

  14. Slide 14: Vulcan – Monty comparison

    Vulcan – Monty comparison Monty Vulcan/Goodins Geology Narracoota Volcanics + Narracoota Volcanics + sediments sediments Structural Splay on Goodin Fault Goodin Fault setting Geochem Extensive Cu soil anomaly Extensive Cu soil anomaly + pathfinders +Au + pathfinders +Au 1st Pass Shallow RC, Cu/Au Sh

  15. Slide 15: Doolgunna SEDEX targets

    Doolgunna SEDEX targets  Multi-element anomalies (Te, Bi, Sb, Mo, As, W, etc) from 1km x 1km Maglag  2014: Borg & Azan Infill Maglag 250m x 250m  2015: Borg Infill Maglag 250m x 125m Borg & Azan • Excellent “Spectrem” AEM targets • Very strong conductors Tellurium Maglag Geochem “Tellurium often

  16. Slide 16: Borg Prospect

    Borg Prospect MAGLAG GEOCHEMISTRY VTEM  2km x 1km anomaly  Anomalous Te + base metal pathfinders  Coincident gravity high (mafics volcanics) 14 4 TELLURIUM ANOMALY GEM + Cu, As, Bi, Sb, W, Mo, Sn associated with EM  Bounded by SBF & Goodin Fault  2015 Drilling* target *Borg Drilling program to

  17. Slide 17: Borg Prospect – RC Drill Chips

    Borg Prospect – RC Drill Chips* BGRC04 ”a near miss” 113m - 116m Laminated sulphides in carbonates & black shales BGRC014 ”a near miss ” 84m - 88m Matrix sulphides in quartzites *2014 drilling program Co-funded by WA State Gov’t/DMP EIS Scheme ENT: ASX release 8 July 2014 PAGE 17

  18. Slide 18: SEDEX Search Criteria

    SEDEX Search Criteria Tectonic setting Yerrida Basin Rift, sag, deformation Capricorn Orogen Source rocks Volcanics – basalts, etc Copper rich Heat flow Archaean Goodin Dome Hydrothermal systems Major Structures Southern Boundary Fault Basin bounding faults Goodin Fault Favourable Hosts Black shales

  19. Slide 19: Fraser Range Project

    Fraser Range Project Fraser Range History:  1965-1971: Newmont  1995-2008: Creasy et al  2012: Sirius - Nova discovery ENT 2009-2013:  Aeromag, soil sampling & AEM ENT 2014:  Plato: 6 hole RC/DC, NiS intersected  39 FLEM ground surveys  6 RC drill holes Plato South  Potential for Ni/Cu depos

  20. Slide 20: Multiple Target Areas - close to SIR Tenure

    Multiple Target Areas - close to SIR Tenure ENT/AON ground is well placed with respect to Sirius tenements, over core of gravity high, interpreted to be a large layered mafic complex Sirius Resources’ Tenements & JV’s Source: Sirius Resources NL SIR: ASX release 28 January 2015 PAGE 20

  21. Slide 21: Plato - First Target Drill Tested

    Plato - First Target Drill Tested*  Plato soil geochem data over magnetic Ni “low”, co-incident with elevated nickel, copper, cobalt  Magnetic “low” is olivine gabbronorite intrusive within mafic complex PLRCD003, at 337.4 metres Downhole ENT: ASX release 30 July 2014 Niton XRF on Sulphides: 5.5%

  22. Slide 22: Darlot Project - Overview

    Darlot Project - Overview  Archaean Yandal greenstone belt  Proven gold & base metal endowment  Independence Group (ASX:IGO) JV  Minimum $0.5M in Year 1, completed  A 51% interest by spending $1.7M,  Up to 70 - 80% interest by sole funding pre-feas study on JORC Resource  60km from IGO Jaguar

  23. Slide 23: Directors & Senior Management

    Directors & Senior Management Name Role Background Dr Jingbin Wang Non-Executive Dr Wang is Executive Director of China Nonferrous Metals Resource Geological Survey, a position he has held BSc, MSc, PhD Chairman since 2003. He has also held the title of Vice-President of the China Nonferrous Metals

  24. Slide 24: Competent Person Statement

    Competent Person Statement The information in this Presentation (Report) that relates to Exploration Results is extracted from Public (ASX) Reports previously published by Enterprise Metals Limited which are available for viewing on the ASX and ENT websites. The information in this Presentation that

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