Hammer Metals Limited · ASX:HMX
Hammer Metals — Investor Presentation (August 2017)
39 slides from Hammer Metals's investor presentation, August 2017
Slide 1: Presentation August 2017
Hammer Metals Limited ABN. 87 095 092 158 Presentation August 2017
Slide 2: Excellence in Copper Exploration in Australia
Excellence in Copper Exploration in Australia Focussed on the highly prospective Mount Isa province with a very large tenement package Targeting Tier 1 polymetallic deposits 2015 Queensland Explorer of the Year Significant success to date delineating new copper, gold, cobalt deposits Very
Slide 3: Why Hammer
Why Hamer Best Ground - Hammer is one of the largest ground holders (3200km2) in Australia’s biggest Base Metals producing Provence - Mount Isa Best People - Hammer management includes 2015 Prospector of the Year Ziggy Lubieniecki and founding Gold Road Director Russell Davis Best Partners - H
Slide 4: Corporate Summary (August 2017)
Corporate Summary (August 2017) Board of Directors 10.0 14 Geologist with +30 years’ of exploration 9.0 Russell Davis 12 and development experience. Previously 8.0 Chairman Exploration Director and NED of Gold Road 10 Resources Limited and MD of Syndicated 7.0 BSc (Hons) MBA MAusIMM, Metals Limited
Slide 5: Mount Isa Project Overview
Mount Isa Project Overview Hammer has a major land position (3200km2) located in the Mount Isa province One of the world’s most significant iron oxide copper-gold (IOCG) provinces and is Australia’s largest lead, zinc and silver producer; hosting almost 30% of the world’s lead and zinc reserves Clos
Slide 6: Hammer's Mount Isa Resource Inventory
Hammer’s Mount Isa Resource Inventory Hammer has a 100% interest in JORC resources of copper, gold, molybdenum, rhenium, cobalt & iron Deposit Tonne CuEq Cu Au Co Mo Re g/t Fe s mt % g/t % % % Kalman 20 1.8 .61 .34 - .14 3.7 - Overlander 1.8 - 1.2 - .045 - - - Millennium 5.9 - .32 .11 .11 - - - Elai
Slide 7: Multiple Tier-1 Exploration Targets
Multiple MultipleTier-1 Exploration Tier-1 Targets Exploration Targets Strategy: Sustained and systematic exploration targeting large copper-gold orebodies Use appropriate geophysical, geological and geochemical methods, a good structural understanding and drilling Targets include: Pilgrim Fau
Slide 8: New Exploration Results – Kalman West & Revenue
New Exploration Results – Kalman West & Revenue Revenue: Cu-Au 6 metres at 1.52% Cu and 1.0g/t Au from 48 metres including 1 metre at 4.42% Cu and 4g/t Au from 51 metres in HRRC001 Kalman West: Au 1 metre at 36.9g/t Au from 101 metres in HKWRC0011 Revenue and 1 metre at 3.93g/t Au from 13 metres
Slide 9: Recent Acquisitions
Recent Acquisitions Low cost purchase enhancing ground holding Purchase of Chinalco’s Mount Isa region tenement interests High grade gold – 30m at 6.7g/t Au Includes Elaine Dorothy Copper-Gold Deposit, Gem Copper Deposit and several IOCG targets Priority is high-grade gold potential of Elain
Slide 10: Recent Acquisitions – Mary Kathleen Shear
Recent Acquisitions Mary Kathleen Shear High Grade Copper Gold close proximity to both Mary Kathleen and Copperchem’s Mount Colin High grade Copper Gold results include; 10m @3.37% Cu & 2.28 g/t Au from 107m 9m @2.8% Cu & 1.44 g/t from 73m HAMMER METALS LTD | 10
Slide 11: Kalman
Kalman Kalman Conceptual Optimised Pit Shell showing drill traces - looking North West. HAMMER METALS LTD | 11
Slide 12: Kalman Mineral Resource Estimate
Kalman Mineral Resource Estimate Open pit and underground potential Remains open at depth Good potential for base load plant feed Classification Mining Method Tonnes (t) CuEq (%) K-140 – Night Shift Indicated Open Pit 7,100,000 1.5 Inferred Open Pit 6,200,000 1.6 Inferred Underground 7,000,000
Slide 13: Kalman
Oblique View Looking NE Projection UTM MGAQ4 254 Kalman Deposit Resource Block Model Cutto 1.0% CuEq with Conceptual Open Pit and Drillhole Traces © Bim @ 10% Cua 7.6m @ 29% Cu& 0.5tgft Au from $81.7m ink1064 2.7gft Au from 481m 77m @1.4% Cus 1.3gt Aurfom 698m, Incl. 17m @ 1.6% Cu& Sam @ 2.1% Cus ‘S
Slide 14: Kalman - High Grade Mo-Re
Kalman - High Grade Mo-Re High-grade molybdenum and copper-gold zones enhance open pit mining potential High grade molybdenum & rhenium intersections: • 62m @ 0.65% Mo, 11.4g/t Re, 0.16% Cu, 0.07g/t Au & 1.5g/t Ag (62m at 4.3% CuEq*) from 152m, • Incl. 7m @ 3.44% Mo, 57g/t Re, 0.33% Cu, 0.16g/t Au
Slide 15: Kalman - High Grade Copper
Kalman - High Grade Copper High-grade copper at depth • Multiple zones, open to the south, very high Copper grades • 7.6m @ 23.4% Cu, 0.5g/t Au & 20g/t Ag from 581.65m in K106A 77m @ 1.4% Cu & 1.3g/t Au from 700m in K106A 53m @ 2.1% Cu & 0.52g/t Au including 25m at 3.8% Cu & 0.94g/t Au from 712m
Slide 16: Overlander – IOCG Target
Overlander – IOCG Target OVD002 looking southeast Newmont JV Mineralised rhyolite: RC and diamond drilling has hit high grade Cu with Co zones from surface at Overlander North Large system - 6km of strike, 6km west of Kalman Strong IOCG alteration intersected in diamond drill holes OVD001 – OV
Slide 17: Overlander North Deposit
Overlander North Deposit Newmont JV Last 3 RC holes intersected excellent copper grades and thickness: • 75m @ 1.33% Cu incl. 28m @ 1.91% Cu & 16m @ 1.92% Cu in OVRC29 • 87m @ 0.74% Cu incl. 27m @ 1.4% Cu in OVRC30 • 89m @ 1.1% Cu incl. 56m @ 1.4% Cu & 11m @ 2.4% Cu & 10m @ 1.6% Cu in OVRC31 Ope
Slide 18: Overlander North Deposit
Overlander North Deposit Newmont JV Vertical zone on eastern edge of magnetic – gravity anomaly. OVD001 • Intersects IOCG target with promising Copper result • 21m @ 1.7% Cu from 435m • 97.3m @ .54 Cu from 359.5m HAMMER METALS LTD | 18
Slide 19: Tourist Zone
Tourist Zone Newmont JV Similar geological position to Overlander and 2km to west Mineralised breccias, silicification and ‘red rock’ alteration Previous drilling returned: • 26m at 1.04% Cu and 0.24g/t Au in TRC-11 and • 35m at 1% Cu and 0.18g/t Au in TRC-19 HAMMER METALS LTD | 19
Slide 20: Millennium – A New Cobalt Deposit
Millennium A New Cobalt Deposit Deal announced with GEMC to develop Millennium in May 2017 with Hammer managing next 2 phases of exploration and further resource definition. Adjacent to the major Pilgrim Fault zone and just 19km from Rocklands copper-cobalt plant Granted Mining Leases HAMMER M
Slide 21: Millennium
Millennium Extent of mineralisation associated with the JORC resource HAMMER METALS LTD | 21
Slide 22: Millennium Maiden Resource
Millennium Millennium Maiden Resource 23 RC holes since May 2016 acquisition to a delivered cobalt-copper-gold resource in December 2016 Open at depth and to the north with high grade extensions (+ 0.5% Co) to be tested Parallel structure to the East at Federal untested Term Sheet signed wit
Slide 23: Hammertime
Hammertime Larger soil geochemical Anomaly than Kalman Coincident soil geochemistry (Cu and Au) and IP anomaly 3.4km in length and 1km in width Prospect crosses the tenement boundary with Glencore Copper. HAMMER METALS LTD | 23
Slide 24: Hammertime
Hammertime Hammertime Topography (Top) and red rock alteration (right) HAMMER METALS LTD | 24
Slide 25: Hammertime – Only 1 drillhole to date
Hammertime Only 1 drillhole to date Intersected thick zone of alteration and mineralisation in first RC hole • 216m @ 0.17% Cu & 0.05g/t Au Highly encouraging broad first intersection Favourable rocks, structures and alteration More drilling planned in late 2017 Cultural clearances and pad
Slide 26: Pilgrim Fault – Multiple VTEM Targets
Pilgrim Fault Multiple VTEM Targets 23km stretch of the Pilgrim Fault was flown by a VTEM survey late 2016 to look for massive sulphide zones such as those seen in Kalman South. Several conductors have been identified for drill testing after the Dronfield drilling program, likely late Q4 2017. H
Slide 27: Pilgrim Fault
Pilgrim Fault 2016 - VTEM Survey in progress over Kalman HAMMER METALS LTD | 27
Slide 28: Mt Philp Breccia – IOCG Target
Mt Philp Breccia IOCG Target Large breccia body located north of Kalman between the Fountain Range and Pilgrim Faults. Extensive untested areas of red-rock (magnetite-hematite- potassium feldspar) alteration, brecciation and intrusive activity. Target is a large breccia hosted IOCG. Hammer p
Slide 29: Mt Philp Breccia
Mt Philp Breccia Mt Philp Breccia HAMMER METALS LTD | 29
Slide 30: Dronfield – Newmont JV
Dronfield Newmont JV Williams granite suite. Widespread alteration Coincident gravity – magnetic, gravity and IP anomalies with geochemical anomalism. Copper - gold anomalism. • 2m @ 6.1% Cu + 1.54g/t Au from 37m in HDRC001 IOCG Targets on BA1VD gravity Imagery HAMMER METALS LTD | 30
Slide 31: Summary – Multiple Large Scale Targets
Summary Multiple Large Scale Targets Substantial and systematic exploration programs planned in a known major copper province. Very large ground holding – lots of targets. Size of the prize is large – big copper-gold systems HAMMER METALS LTD | 31
Slide 32: Summary
Summary HAMMER METALS LTD | 32
Slide 33: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement Disclaimer This presentation by its nature contains summarised information. See Hammer’s other periodic and Resource Estimates continuous disclosure announcements lodged with the Australian Securities Exchange, which are available Where the Company refers to M
Slide 34: Kalman Resource Estimate & Notes on Copper Equivalence Calculation
Kalman Resource Estimate & Notes on Copper Equivalence Calculation The Kalman Mineral Resource Estimate was updated in August 2016 in accordance with the JORC Code (2012 Edition). (Refer to the ASX Release dated 27th September 2016 for full details of the Resource Estimate.) Kalman Deposit Inferred
Slide 35: Kalman Resource Estimate & Notes on Metallurgical Recoveries
Kalman Resource Estimate & Notes on Metallurgical Recoveries Assumed Metallurgical Recoveries Based on the testing completed and the current understanding of the material characteristics it has been assumed that the Kalman material can be processed using a “typical” concentrator process flowsheet. T
Slide 36: Millennium Resource Estimate & Notes on Copper Equivalence Calculation
Millennium Resource Estimate & Notes on Copper Equivalence Calculation The Millennium Mineral Resource Estimate was conducted in December 2016 in accordance with the JORC Code (2012 Edition). (Refer to the ASX Release dated 6th December 2016 for full details of the Resource Estimate.) Millennium Dep
Slide 37: Overlander Mineral Resource Estimate
Overlander Mineral Resource Estimate The 100%-owned Overlander Project is situated 60 kilometres to the southeast of the mining centre of Mount Isa in North West Queensland and 6 kilometres to the west of Hammer’s Kalman copper-gold-molybdenum-rhenium deposit. It is a high-priority target area for b
Slide 38: Mt. Philp Mineral Resource Estimate
Mt. Philp Mineral Resource Estimate The Mineral Resource Estimate is based on 48 diamond and reverse circulation (RC) drillholes completed in 2011 for a total of 3,801 metres (m). Drilling comprises fans located on a nominal 100 m pattern along the strike length of the ironstone. The Mineral Resourc
Slide 39: Elaine Project Mineral Resource Estimate
Elaine Project Mineral Resource Estimate The Elaine Project Mineral Resource Estimate is based on approximately 30 holes to a depth of 450 metres below surface. A resource estimate was first completed and reported to ASX by previous owners (Chinalco Yunnan Copper Resources Limited, now AUKing Limite