Slide 1: Why Grade is King in the Tennant Creek Mineral Field
Why Grade is King in the Tennant Creek Mineral Field AGES 2022 Rob Bills – Managing Director and Chief Executive Officer
Slide 2: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Emmerson Resources Limited ACN 117 086 745 (ASX: ERM) (the “Company”) and is being provided to a limited number of investors for the sole purpose of providing preliminary background information to enable recipients to review the
Slide 3: We are all in this together… bringing stakeholders on the journey
We are all in this together… bringing stakeholders on the journey Jasper Hills • • • • •
Slide 4: The discovery team
The discovery team Hermitage Project Tennant Creek
Slide 5: Stunning 116m at 3.4% copper and 0.88g/t gold at Hermitage
ASX: Stunning 116m at 3.4% copper and 0.88g/t gold at Hermitage The drill hole stopped in 2m at 20g/t gold and 3.9% copper… 5
Slide 6: Northern Project Area Gravity Corridor
Northern Project Area Gravity Corridor Prediction 1 – major deposits associated with gravity high/gravity ridges 6
Slide 7: What dictates success in exploration
What dictates success in exploration: The top two tenets of Exploration….can you Predict the next discovery… and then Detect it (find it??) Discovery is the biggest value driver in the resource business An example of where Prediction + Detection ≠ Discovery 7
Slide 8: The top two tenets for Exploration Success
The top two tenets for Exploration Success Predicting the next discovery… and then Detecting it (finding it!) Mineral systems framework to produce 2 and 3D predictive maps A weighted aggregation Process (WoE + LR ~ 96%) Risk & Cost Geological Potential
Slide 9: Co-Funded Seismic……NTGS and ERM
Co-Funded Seismic……NTGS and ERM Prediction 2: Gold deposits in the TCMF occur along predictive D1 structural corridors, associated with deep seated thrust faults and intrusions from the Tennant Creek Supersuite 9
Slide 10: The third (depth) dimension…….and the challenge!
The third (depth) dimension…….and the challenge! 10
Slide 11: It all happens in the Tennant Event
It all happens in the Tennant Event……. Prediction 3: max complexity in the Tennant Event = optimal fluid pathways from 11 reactivation of D1 conduits plus chemical and physical traps (pre-existing ironstones)
Slide 12: Discovering the undiscovered
Discovering the undiscovered……. Missing: 1 deposit @ 5.2Mozs, 1 deposit @ 1.74Mozs, +++ 6000000 5000000 Undiscovered deposit 4000000 Potential according to Zipf’s Au Equivalent oz Law of natural populations 3000000 Top 18 mines 2000000 Zipf Curve Undiscovered 1000000 deposit Undiscovered deposits 0
Slide 13: Detection……no gold bullet!
Detection……no gold bullet! Drone Magnetics Mauretania Hermitage Edna Beryl Detection 1: combination of new technology and new data is cumulative….! 13
Slide 14: Hiding in plain sight – High Resolution Magnetics
Hiding in plain sight – High Resolution Magnetics Fixed wing VRMI Fixed wing Drone high-res Magnetics aeromagnetics magnetics Detection 2: Drone magnetics = detecting the overlooked and underexplored 14
Slide 15: Detection 2: Drone magnetics = detecting the overlooked and underexplored
Detection 2: Drone magnetics = detecting the overlooked and underexplored 15
Slide 16: Refined Detection + Data processing…1+1 = 3
Refined Detection + Data processing…1+1 = 3 The gold-copper- hematite story Gold associated Mauretania discovery: with hematite in Conceptual Open Pit drill hole MTDD010 and Geophysical (4m at 57g/t gold) Inversion Model Detection 3: the cumulative effect of detection and discovery = leads to variat
Slide 17: CSIRO Ultrafine
CSIRO Ultrafine…….. Mauretania West Gibbet /& Analytic Detection 4: Integrate high resolution regolith and geochemistry 17
Slide 18: Hematite Fertility - University Tasmania (CODES)
Hematite Fertility - University Tasmania (CODES)…..inhouse Detection 5: the holy grail….screening the barren from mineralized IOCG’s 18
Slide 19: We are all in this together!
We are all in this together! Grade is King however: Unlock the Value from: Partnerships • Requires the confluence of a • Positive stakeholder • Sticking to core competencies number of critical engagement • JV with the Traditional ingredients…..know the • Pre competitive data Owners….bringing all lim
Slide 20: Contact
Contact Rob Bills Managing Director & Chief Executive Officer Emmerson Resources Limited +61 8 9381 7838 rbills@emmersonresources.com.au www.emmersonresources.com.au ASX: ERM 20
Slide 21: Competent person statement
Competent person statement The information in this report is based on information compiled by Dr Ana Liza Cuison, MAIG, MSEG. Dr Cuison is a Member of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and types of deposits under