Empire Resources Limited · ASX:ERL
Empire Resources — Shareholder Meeting (November 2022)
25 slides from Empire Resources's shareholder meeting presentation, Nov 11, 2022
Slide 1: Building Value Through Exploration – AGM Presentation
For personal use only Building Value Through Exploration AGM Presentation 11 November 2022 EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au
Slide 2: Disclaimer
Disclaimer For personal use only This presentation is for information purposes only. This presentation has been prepared by Empire Resources Limited (“Empire” or the “Company”) and contains general background information about Empire’s activities as at the date of this presentation (“Information”).
Slide 3: Highlights
Highlights For personal use only 12 months of exploration focus 2,923m of diamond drilling completed at Yuinmery, plus multiple DHEM geophysical surveys 5,289m of aircore drilling completed at Penny’s Gold Project Extensive exploration fieldwork completed at Nanandie Copper-Gold Project Field mappin
Slide 4: Investor Dashboard
Investor Dashboard For personal use only Capital Structure (at COB 10 November 2022, unaudited) Board & Management Share Price $ 0.007 Michael Ruane Non-Executive Chairman FPO Shares Outstanding m 1,038.57 Sean Richardson Managing Director Unlisted Options m 64.91 Jeremy Atkinson Non-Executive Direc
Slide 5: Investments – Penny's Find Gold Mine Royalty
Investments – Penny’s Find Gold Mine Royalty For personal use only 5% Net Smelter Royalty for first 50,000oz, 2.5% thereafter [1] Plus $400,000 in remaining staged milestone payments High grade gold mine 45km northeast of Kalgoorlie Open pit production – 138,272t @ 4.47g/t Au for 18,356oz Au [2] Und
Slide 6: Empire Projects
Empire Projects For personal use only 451km2 of granted tenements 451km2 in tenement applications Penny’s Gold Project (Au) 45km NE of Kalgoorlie Yuinmery (Au, Cu-Au, Cu-Ni-Co & PGM’s) 370km NE of Perth 7km from Youanmi Mine Site Nanadie (Cu-Au) 70km east of Meekatharra Barloweerie (Zn-Pb-Ag-Au) 150
Slide 7: Penny's Gold Project
Penny’s Gold Project For personal use only 28km2 granted tenements 45km from Kalgoorlie Proximal to Penny’s Find Gold Mine (ASX:HRZ) 270,000 tonnes @ 4.99g/t Au for 43,000oz [3] Multiple targets, limited drill testing Targeting structurally controlled and supergene gold Multiple drill ready targets,
Slide 8: Penny's Gold Project
Penny’s Gold Project For personal use only 5,286m AC drilling complete September 2022 Over 50% holes anomalous gold or better [4] PF07 AC Results 8m @ 2.89g/t Au, inc. 4m @ 5.33g/t Au 12m @ 0.76g/t Au, inc. 4m @ 1.22g/t Au PF09 AC Results 7m @ 1.66g/t Au, inc. 2m @ 2.42g/t Au PF06 AC Results 4m @ 2.
Slide 9: Penny's Gold Project – PF07
Penny’s Gold Project – PF07 For personal use only EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au 9
Slide 10: Penny's Gold Project – PF09
Penny’s Gold Project – PF09 For personal use only EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au 10
Slide 11: Nanadie Project
Nanadie Project For personal use only Copper-Gold mineralisation in Greenstones 127km2 granted exploration tenements Proximal to Nanadie Well Copper Project (ASX:CYM) 36.07Mt @ 0.42% Cu & 0.064g/t Au for 151kt Cu & 74koz Au [5] Minimal historical exploration Extensive copper & nickel anomalism in so
Slide 12: Nanadie – Priority Areas
Nanadie – Priority Areas For personal use only Strong correlation of chromium to nickel and copper >600ppm chromium considered highly anomalous NAN-01 Magnetic high overlying interpreted greenstone rocks Peak soils 107ppm Cu, 455ppm Ni & 1,388ppm Cr Interpreted weak bedrock conductors NAN-16 Greenst
Slide 13: Yuinmery Project
Yuinmery Project For personal use only Polymetallic base metals and orogenic gold 107km2 granted exploration tenements Very large synclinal structure Multiple deposits, prospects and targets 2 deposits – 1 JORC Resource 26 prospects – 6 untested below 75m 18 defined targets – 9 untested by drilling
Slide 14: Yuinmery – Base Metals
Yuinmery – Base Metals For personal use only EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au 14
Slide 15: Yuinmery – Smiths Well
Yuinmery – Smiths Well For personal use only Broad zones of massive to disseminated sulphides pyrrhotite-chalcopyrite-pyrite [7] Extensive Cu-Ni-Co mineralisation Open down plunge Diamond drilling completed May 2022 DHEM surveys completed July 2022 Results demonstrate thick pile of strongly minerali
Slide 16: Yuinmery – Smiths Well
Yuinmery – Smiths Well For personal use only Highly conductive target (>20,000S) [8] Channel-like geometry plunging 45° Diamond drilling completed H1 2022 Ongoing technical assessment EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au 16
Slide 17: Yuinmery – YT01
Yuinmery – YT01 For personal use only Target identified late 2019 Geochemical signature over 3.5km Strong Copper-Gold mineralisation [9] Diamond drilling completed Visible pyrite & chalcopyrite [10] Drilling planned to test strike extents EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au
Slide 18: Yuinmery – A Zone
Yuinmery – A Zone For personal use only 1.3km along strike from Just Desserts Previous intersections include [11] 12m @ 2.05% Cu fr. 138m (YRC18-01) 19m @ 1.9% Cu fr. 160m (YRC11-16) 7m @ 3.2% Cu fr. 192m (YRC11-26) 10m @ 1.8% Cu fr. 222m (YRC11-39) 8m @ 2.4% Cu Fr. 275m (YRC11-41D) Limited explorat
Slide 19: Barloweerie
Barloweerie For personal use only 150km west of Cue 127km2 granted tenements 406km2 under application Base metals and gold mineralisation Multiple walk-up Zn-Pb-Ag-Cu-Au targets Strong mineralisation in historical 1980’s drilling 5m @ 4.79% Zn fr. 38m (SDH34) 1m @ 3.9% Pb fr. 15m (SDH19) 5m @ 100.0g
Slide 20: Barloweerie – B1 Prospect
Barloweerie – B1 Prospect For personal use only Outcropping mineralisation over 2km strike Granite-mafic intrusive/extrusive contact offset by NNE faulting Historical logging identifies mineralisation associated with intense silicification and sulphide minerals including chalcopyrite, sphalerite, ga
Slide 21: Summary
Summary For personal use only Excellent package of highly prospective exploration projects Multi-commodity: Au, Cu-Au, Cu-Ni-Co, PGM’s & Zn-Pb-Ag-Cu-Au Greenfields through to advanced exploration with existing JORC Copper-Gold Resource Active exploration, continuous news flow Strong financial positi
Slide 22: For personal use only
For personal use only 159 Stirling Highway Nedlands, WA 6009 PO Box 1104 Nedlands, WA 6909 P: +61 (0)8 6389 1032 info@resourcesempire.com.au www.resourcesempire.com.au ASX:ERL EMPIRE RESOURCES LIMITED ASX: ERL www.resourcesempire.com.au 22
Slide 23: Appendix I – Just Desserts Copper-Gold Resource April 2016
Appendix I – Just Desserts Copper-Gold Resource April 2016 For personal use only JORC Resource to depth of 170m at 0.5% Cu lower cut off Indicated Inferred Total Weathering Tonnes Cu% Au g/t Ag g/t Tonnes Cu% Au g/t Ag g/t Tonnes Cu% Au g/t Ag g/t Partial 97,000 1.05 0.30 0.98 65,000 1.43 0.18 2.21
Slide 24: Appendix II – Competent Person Statements
Appendix II – Competent Person Statements For personal use only The information in this presentation that relates to Exploration Results is based on information compiled and/or reviewed by Mr Mark Shelverton, who is a Member of the Australian Institute of Geoscientists. Mr Shelverton is a full-time
Slide 25: Appendix III – Additional Information
Appendix III – Additional Information For personal use only Further details relating to the information in this presentation can be found in the following ASX announcements: 1. ASX:ONX “Acquisition of High-Grade Penny’s Find Mine” 4 March 2019 2. ASX:ERL “Quarterly Report for the Period Ending 30 Ju
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