Aeon Metals — Investor Presentation (February 2018)
18 slides from Aeon Metals's investor presentation, February 2018
Slide 1: Walford Creek: A World Class Copper-Cobalt Project
WALFORD CREEK: A WORLD CLASS COPPER-COBALT PROJECT FEBRUARY 2018
Slide 2: Important Information / Competent Persons Statement
IMPORTANT INFORMATION This document has been prepared by Aeon Metals Limited (Aeon) for the purpose of providing a comprehensive company and technical overview to interested analysts and investors. This document is not a prospectus and should not be considered an offer or an invitation to acquire sh
Slide 3: Board & Management Team and Capital Structure
BOARD & MANAGEMENT TEAM AND CAPITAL STRUCTURE 8 0.40 AML.ASX over 2 years 7 0.35 6 Mkt cap increase over 2yrs of 1259% 0.30 586M SHARES 5 0.25 OUTSTANDING A$15M A$0.25 A$146M A$16.8M2 LIMITED 4 0.20 RECOURSE Volume… SHARE PRICE 1 MARKET CAP1 CASH 85M 3 VENDOR DEBT4 3 0.15 VENDOR WARRANTS 2 0.10 1 0.
Slide 4: A World-Class Copper-Cobalt Project
A WORLD-CLASS COPPER-COBALT PROJECT 100% AML owned Walford Creek Project The highest grade significant cobalt deposit in Australia HISTORICAL DRILLING ▪ 1989-1996: WMC 93 holes (DD/RC) = 16,100m ▪ 2004-2006: Copper Strike 30 holes (RC) = 3,500m ▪ 2010-2012: Aston Metals 92 holes (DD/RC) = 15,000m ▪
Slide 5: Copper Lode Resource
COPPER LODE RESOURCE 15.7mt @ 1.24% Cu and 0.15% Co Category Mt Copper Lead Zinc Silver Cobalt Pyrite • also 0.98% Pb, 0.82% Zn and 34g/t Ag % % % g/t % % Measured 1.2 1.25 0.89 0.81 26.3 0.16 44.4 Copper Lode Resource determined utilising same ordinary kriging Indicated 3.8 1.19 0.69 0.88 23.6 0.14
Slide 6: Cobalt Peripheral Resource
COBALT PERIPHERAL RESOURCE Category Mt Copper Lead Zinc Silver Cobalt Pyrite 18.0mt @ 0.11% Co % % % g/t % % • Also 0.16% Cu, 1.03% Zn, 0.85% Pb and 22g/t Ag Measured 1.8 0.13 0.54 1.16 17.4 0.12 47.4 Cobalt Peripheral Resource additional to Copper Lode Resource Indicated 6.5 0.17 0.66 1.13 17.8 0.1
Slide 7: Copper Lode + Cobalt Peripheral Resources
COPPER LODE + COBALT PERIPHERAL RESOURCES Updated 2018 Resource estimates are a result of the 2017 drilling of 44 holes for 6,428m • 2018 estimates include total of 262 holes (Aeon and historical), mainly diamond core, for +42,000m and 29,242 assays New higher grade 2018 Resource estimates underpinn
Slide 8: Exploration Upside
EXPLORATION UPSIDE Mineralisation is both structurally and lithologically controlled – Fish River Fault (FRF) and Pyrite Units (PY1 and PY3) Current JORC Resource defined along 3.6km strike length of the FRF zone FRF Zone (including Resource) extends for +20km within the Walford Creek Project teneme
Slide 9: World Class Mineral System
WORLD CLASS MINERAL SYSTEM Fish River Fault +20km Mineralised System Vardy Zone Marley Zone AEON METALS | ASX:AML 9
Slide 10: Leverage to Battery Metals Growth
LEVERAGE TO BATTERY METALS GROWTH 1,000 $100,000 COBALT 800 Cobalt Price and Stocks $80,000 • Cobalt major input metal to rechargeable lithium-ion batteries for EV market 600 $60,000 • Cobalt prices have risen 270% to about $80,000/t since early 2016 400 $40,000 • Global demand expected to exceed 10
Slide 11: Australian Copper Comparables
AUSTRALIAN COPPER COMPARABLES 6.0 Cobar, GLEN Cu= 5.6% Copper Mines and Projects in Australia 5.0 DeGrussa, SFR Cu= 4.2% Copper Equivalent Grade (% Cu Eq.) Underground OP + UG Open Pit Filled bubbles indicate operating mines. Walford Creek Cu Lode, AML Cu =1.24% 4.0 Mallee Bull, PEX Cu= 1.8% Eloise,
Slide 12: Australian Cobalt Comparables
AUSTRALIAN COBALT COMPARABLES 0.18 Walford Creek Cu Lode [AML] Laterite deposit 0.16 Walford Creek Cu Lode+Co Peripheral [AML] Sulphide deposit Millenium, Qld [GMEC] KNP Co zones, WA [ARL] Syerston, NSW [CLQ] Bubble size is according to the cobalt metal content 0.14 Mutooroo, SA [HAV] 0.12 Cobalt Gr
Slide 13: Next Steps
NEXT STEPS PROJECT DEVELOPMENT: PY3 focused drill program – results for 9 holes received Resources to be revised to reflect refined geological model and all 2017 drill results Rescoping/rescaling assessment of project development: » Inclusion of high grade PY3 tonnes; » Metallurgical flowsheet assoc
Slide 14: Investment Summary
INVESTMENT SUMMARY Advanced copper and cobalt project: • Leading Australian copper development. • The highest grade significant cobalt deposit in Australia. Leveraged to strong growth in cobalt, copper and zinc prices Clear and consistent exploration model Fully funded 2018 30,000m drill program Adv
Slide 15: Appendices
APPENDICES AEON METALS | ASX:AML 15
Slide 16: Appendix 1: Second Round 2017 Drill Holes Significant Assays
Appendix 1: Second Round 2017 Drill Holes Significant Assays Second Round 2017 Drill Holes1 Examples of historical holes2 Copper Lode + Cobalt Peripheral Resource – Long Section Copper Lode Resource blocks Cobalt Peripheral Resource blocks ~3.6km Marley Zone Vardy Zone Hole WFDD263: Hole WFDD267: •
Slide 17: Unlocking the Geological Model
UNLOCKING THE GEOLOGICAL MODEL PY1 PY3 AEON METALS | ASX:AML 17 1. See Appendix 2 (pg 17) for geological model description related to A-D.
Slide 18: Geological Model Description
GEOLOGICAL MODEL DESCRIPTION A. Shallow holes from 50m to 80m intercept both possible supergene mineralisation together with strong copper and cobalt mineralisation associated with the PY1 in close proximity to the FRF. B. Drilled behind the shallow holes. These holes from 70m to 110m can still hit