Lunnon Metals Limited · ASX:LM8
Lunnon Metals — 2022 Euroz Hartleys Rottnest Island Institutional Conference
20 slides from Lunnon Metals's conference presentation, Mar 8, 2022
Slide 1: 2022 Euroz Hartleys Rottnest Island Institutional Conference Presentation
LUNNON METALS LIMITED ABN: 82 600 008 848 2022 Euroz Hartleys Rottnest Island Institutional Conference Presentation BOARD/MANAGEMENT 8 March 2022 Mr Liam Twigger NON-EXECUTIVE CHAIRPERSON Mr Ian Junk NON-EXECUTIVE DIRECTOR Lunnon Metals Ltd’s Managing Director, Ed Ainscough, has been invited to pres
Slide 2: Preparing for success…
RIGHT TEAM >100yrs combined experience in district and commodities RIGHT ADDRESS Euroz Hartleys Globally significant nickel & gold camp Rottnest Island Institutional Conference 2022 28 RIGHT ASSETS Ni Under-explored, missed last Ni boom, 79 no modern exploration for >25 yrs Preparing for Au success…
Slide 3: Important Notice & Disclaimer
Important Notice & Disclaimer This material in this presentation has been prepared by employees of Lunnon Metals Ltd (“LM8” or the “Company”) on its behalf. This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in
Slide 4: 2022 – Preparing for Success
2022 – Preparing for Success Putting LM8 on a pathway to growth & re-rating 2021: IPO, get drilling & hit NICKEL 2022: time to… ✓ Grow the Mineral Resource ASX:LM8 ✓ Baker growing our Mineral Resource, ✓ Warren – up and down plunge ✓ Historical Core Program in the heart of Kambalda .... • Demonstrat
Slide 5: Lunnon Metals - Highlights
Lunnon Metals - Highlights News Flow – multiple World renowned programmes across KNP nickel district Nickel Significant opportunity Aggressive discovery Assets got sold ✓ Significant Ni recorded, with the gold in between WMC drilling 2001 ✓ Baker discovery ✓ Warren shaping up to programme Missed las
Slide 6: Corporate takeaway
Corporate takeaway Capital structure Board & Management Shares on issue (#M) 141.2 - direct experience - commodity / assets / location St Ives (GFI) (#M) 44.7 Share price (3 Mar 22) ($) 0.90 Market capitalisation ($M) ~125 Broker/Emp Options (#M) 5.58 Cash – Dec 31 2021 ($M) 9.2 Tightly held registe
Slide 7: Nickel sulphides – central to Kambalda
Nickel sulphides – central to Kambalda Production^: Pre-WMC sale vs Total Life of Mine to date 4.3% 4.1% 3.9% 342 203 3.7% 3.5% Ni % 3.3% 467 101 674 3.1% 2.9% 196 2.7% 91 2.5% 2.3% 75 175 275 375 475 575 675 775 Nickel metal (kt) IGO – Long Shaft PAN – Lanfranchi MCR – Widgie/Nth Kamb LM8 – KNP 6 ^
Slide 8: 20,000m drilled since IPO
20,000m drilled since IPO Warren Ni sulphides outside Mineral Resource Baker Discovered Aim to demonstrate channel is Drill out complete to 40m as long & prospective as Foster x 40m; Multiple significant nickel intercepts over 300m plunge, 80-100m strike Foster Proving up N75C; historical & new DDH
Slide 9: Baker Delights! A new discovery
Baker Delights! A new discovery • Exciting high grade, near surface nickel • Potential portal access close by (350m) in existing open pit • Ability to fast track definition, resource, permitting • Can consider before or in parallel to any Foster re-start DHTEM plates (reported 12th Nov 2021) West Id
Slide 10: Baker – key takeaways
Baker – key takeaways Exploration Tactics Gaps = Opportunity = Ni Potential • Fertile channels are hard to find • Don’t shy away from gaps in WMC drilling • Rewards are worth perseverance Next Steps • Complete the Mineral Resource estimation • Review & target • areas requiring infill DDH and RC • do
Slide 11: East Trough – perseverance will pay
East Trough – perseverance will pay Next door to Baker Only 300m to SW of Baker, significant down plunge opportunity 10 Image details: see Appendix Slide 17
Slide 12: Warren – filling in the “gaps”
Warren – filling in the “gaps” WRN21DD_003 1 2 2 1 Drill pierce points shown: see Appendix Slide 17 11
Slide 13: Historical core – a key asset e.g. N75C
Historical core – a key asset e.g. N75C 3.27% Ni 3.07% Ni 2.84% Ni 2.84% Ni Historical drilling: see Appendix Slide 17 12
Slide 14: Historical Core Program
Historical Core Program Addresses WMC estimates • Started at Foster N75C • Multiple surfaces at Foster still to come 560m • Jan Shaft • Closed at depth of ~560m in 1986 • Yet to commence the program • Jan Deeps Jan • Kicks off in 2022 Deeps • Testing potential below the mine Reference: see Appendix
Slide 15: Capital “light” processing
Capital “light” processing 125km 25km 14
Slide 16: Assets, in the heart of Kambalda
Assets, in the heart of Kambalda Ni Kambalda Nickel Project Au 15
Slide 17: Contact Us
Contact Us Suite 5/11 Ventnor Avenue West Perth, WA 6005 PO Box 470 West Perth WA 6872 Tel: (08) 6424 8848 www.lunnonmetals.com.au Driller, Jack Lunnon (far right) overlooking Lake Lefroy from north side of Red Hill: with local and WMC dignitaries at site of KD1, discovery hole for nickel at Kambald
Slide 18: Appendices – ASX announcements referenced
Appendices – ASX announcements referenced Disclaimer References in this presentation are made to certain previous ASX announcements, which in turn may have included exploration results and Mineral Resources. For full details, drill hole additional details and JORC Table 1 Sections 1 & 2, please refe
Slide 19: Appendices: Mineral Resource Statement
Appendices Mineral Resource Statement Foster Mine Indicated Inferred Total Cut-off Shoot Tonnes % Ni Ni metal Tonnes % Ni Ni metal Tonnes % Ni Ni metal (Ni %) 85H 1% 387,000 3.3 12,800 300,000 1.3 3,800 687,000 2.4 16,600 Foster 1% 223,000 4.7 10,500 116,000 4.8 5,500 340,000 4.7 16,000 South Warren
Slide 20: Competent Persons Statement
Competent Persons Statement Mineral Resources The information in this presentation that relates to geology, nickel mineralisation and Mineral Resources is based on and fairly represents information compiled and reviewed by Mr. Aaron Wehrle, who is a Member of the Australasian Institute of Mining and
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