Cyprium Metals Limited · ASX:CYM
Cyprium Metals — Investor Presentation (July 2019)
24 slides from Cyprium Metals's investor presentation, Jul 11, 2019
Slide 1: Investor Presentation July 2019
INVESTOR PRESENTATION JULY 2019 ABN: 48 002 678 640 ASX: CYM Website: www.cypriummetals.net
Slide 2: Disclaimer
Disclaimer This presentation (Presentation) has been prepared by Cyprium Metals Limited based on information available to it and from third party sources. By retaining this Presentation, you (the Recipient) acknowledge and represent to Cyprium Metals Limited that you have read, understood and accept
Slide 3: JORC Statements and Exploration Results
JORC Statements and Exploration Results Competent Person Statement The information in this document that relates to Exploration Targets, Exploration Results, Mineral Resources and/or Mineral Reserves is an accurate representation of the available data and is based on the information compiled by Mr P
Slide 4: Corporate Snapshot
Corporate Snapshot Capital Structure Board and Management ASX Ticker (previously ARX) CYM Non- Executive Chair Gary Comb Share Price (5th July 2019) A$0.18 Executive Director Barry Cahill Shares on Issue 45M Non-Executive Director Nicholas Rowley Market Cap (A$M) A$8.1M Non-Executive Director Marcel
Slide 5: Cyprium Overview
Cyprium Overview • Cue Copper Project includes Mineral Resources1 at Hollandaire and high priority drill targets • Increase scale of Mineral Resources1 whilst undergoing metallurgical test-work • Highly credentialed executive management team • Focus to acquire and develop projects with existing copp
Slide 6: Cyprium Executive Team
Cyprium Executive Team Gary Comb Mr Comb is an engineer with over 30 years’ experience in the Australian mining industry, with a strong track record in successfully commissioning and operating base metal mines. He was Chairman of Finders Resources Limited from 2013 until its takeover in 2018. Mr Com
Slide 7: Cue Copper Project
Cue Copper Project • The project acquired with a copper Mineral Resource1 • Originally explored by Silver Lake Resources who discovered Hollandaire in 2011 • Minimal base metals exploration undertaken by previous mineral explorers as they were more focused on gold • Initial review of the mineralogy
Slide 8: Hollandaire Resource
Hollandaire Resource • Hollandaire was discovered in 2011 by Silver Lake Resources • A follow up drill campaign led to a maiden Resource1 Estimate of 2.8mt @1.6% Cu, 0.4g/t Au • Current Indicated Resource1 of 1.9Mt @ 2.0% Cu • Best intercepts2 include • 9.3m @ 15.4% Cu, 2.0g/t Au & 29.0 g/t Ag from
Slide 9: Hollandaire West
Hollandaire West • Mineralisation is open at depth, to the west and partially to the east • Best mineralisation intercepts4 include; • 15m @ 2.5% Cu, 0.4g/t Au (drill hole 13HORC095), • 12m @ 2.2% Cu, 0.2g/t Au (drill hole 13HORC080), • 10m @ 3.3% Cu, 0.3g/t Au (drill hole 13HORC088), • 9m @ 1.9% Cu
Slide 10: Cue Copper Project Programme 2019
Cue Copper Project Programme 2019 • Programme of Work submitted to DMIRS for approval – expected early July 2019 • Hollandaire metallurgy ̴330 metres of diamond drilling commencing July 2019 • Hollandaire resource extension phase 1 ̴4,100 metres of reverse circulation drilling commencing July 2019 •
Slide 11: Planned Work Schedule 2019
Planned Work Schedule 2019 EXPLORATION & METALLURGY WORK SCHEDULE Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Hollandaire Resource & Metallurgy Phase 1 Reverse Circulation Drilling Diamond Drilling Hollandaire Resource Phase 2 Reverse Circulation Drilling Mt Eelya / Colonel Air Core Drilling Reverse C
Slide 12: Planned Drill Programmes
Planned Drill Programmes Metallurgical Holes commencing July 2019 Resource1 Extension Holes commencing July 2019
Slide 13: Mount Eelya
Mount Eelya • Mt Eelya cross-section showing drillhole intersections and interpreted gossan/ sulphide relationships • Mt Eelya 3D block diagram showing drill holes, significant intersections, gossans, VTEM conductors and DHEM targets • Best intercepts5 of; • 7m @ 9.3% Zn, 1.1% Cu, 11.3g/t Ag from 29
Slide 14: Colonel & Colonel East
Colonel & Colonel East 5Information pertaining to the diagrams and intercepts were taken from an ASX Release by Musgrave Minerals on 26 June 2017.
Slide 15: Exploration Potential
Exploration Potential • Tenements considered highly prospective for further mineralisation - identified targets for ranking and investigation in 2019/2020 • Potential to increase mineral resources1 • Ongoing review of regional tenements to add to mineral resources1 • Geophysical and geochemical prog
Slide 16: Appendices
APPENDICES —» CYPRIUM
Slide 17: Cue Copper Mineral Resources
Cue Copper Mineral Resources 30 June 2013 Indicated Resources Inferred Resources Total Resources JORC 2004 Ore Tonnes Grade Total Tonnes Ore Tonnes Grade Total Tonnes Ore Tonnes Grade Total Tonnes ‘000s % Cu 000s ‘000s % Cu 000s ‘000s % Cu 000s Hollandaire Copper 1,891.3 2.0 37.1 122.4 1.4 1.6 2,013
Slide 18: Cue Exploration History
Cue Exploration History • Copper mineralised gossan’s identified in the early 1970s • Westgold Resources and Tectonic Resources explored the area from the 1980s to 2007 • Focussed on gold exploration • Silver Lake Resources acquired the project from Tectonic Resources in 2007 • Focussed on gold but
Slide 19: Cue Exploration History
Cue Exploration History • Initial work by Musgrave focussed on electromagnetic re-interpretation and drilling at Hunky Dory, Mt Eelya and extensional work at Hollandaire • Significantly the first hole at Mt Eelya5 intersected 8 metres of massive sulphides assaying 1.6% Cu. A subsequent hole intersec
Slide 20: Cyprium Exploration Strategy
Cyprium Exploration Strategy • Hollandaire extensional drilling to increase the resource1 base where known resources are open in a number of directions • Project review over many prospects that will be prioritised for further investigative field work • Geophysics to be conducted on known conductors
Slide 21: Key Portfolio Criteria
Key Portfolio Criteria • Focused on Australian projects • Projects preferably to have sulphide mineralisation with high sulphide content – copper or polymetallic with copper (pyrite, pyrrhotite etc) • Projects to have an existing copper resources with growth potential • Sulphide Heap Leach (SHL) is
Slide 22: Copper Sulphide Heap Leach (SHL)
Copper Sulphide Heap Leach (SHL) • Heap leach of copper sulphide minerals • Sulphide leaching produces heat (exothermic) and acid • Heap temperatures are controlled by aeration and water irrigation rates • Leached copper in solution is processed by solvent extraction-electrowinning (SX-EW) • LME Gra
Slide 23: Benefits of SHL
Benefits of SHL • Low operating costs - simple process that requires acid, power and water • Power is the main processing cost with low reagent costs • Modest capital requirements for project development and construction - no concentrator or tailings dam • Final product is LME grade copper cathode -
Slide 24: Copper Sulphide Heap Leach
Copper Sulphide Heap Leach This needs to be a better image