Boab Metals Ltd · ASX:BML
Boab Metals — Pacifico Minerals — Investor Presentation (June 2019)
22 slides from Boab Metals's investor presentation, June 2019
Slide 1: Advancing a Large Near-Surface Lead-Silver-Zinc Deposit in Western Australia
For personal use only ASX:PMY ADVANCING A LARGE NEAR-SURFACE LEAD-SILVER-ZINC DEPOSIT IN WESTERN AUSTRALIA INVESTOR PRESENTATION JUNE 2019
Slide 2: Disclaimer
DISCLAIMER For personal use only ASX:PMY Forward-Looking Statements Certain statements in the presentation are or may be “forward-looking statements” and represent the Company’s intentions, projections, expectations or beliefs concerning, among other things, future operating and exploration results
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only ASX:PMY CAPITAL STRUCTURE as at 29 May 2019 CURRENT TOP 5 SHAREHOLDERS SHARE OWNERSHIP STRUCTURE SHARES ON ISSUE A$0.06 (BN, UNDILUTED) 2.3 HOLDER HELD OWNERSHIP 2.45% MARKET CAP (A$M) 13.9 1. VILLIERS QUEENSLAND PTY LTD* 293,166,665 12.67% 37.49% 2. ZERO NOM
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only ASX:PMY • Pacifico is developing a large near-surface and flat lying lead-silver-zinc 2019 ACTIVITIES GENERATING STRONG NEWSFLOW deposit in Western Australia. • 6,000m infill and expansion drilling program • Joint Venture with China’s largest lead smelting
Slide 5: Location and Infrastructure
LOCATION AND INFRASTRUCTURE For personal use only ASX:PMY • Located ~50km north-east from the regional centre of Kununurra. • Existing sealed road to transport concentrate from site to the facilities at Wyndham Port, 150km away. • Established infrastructure allows for fast tracked production. Image:
Slide 6: Key Government Approvals Secured
KEY GOVERNMENT APPROVALS SECURED For personal use only ASX:PMY WA Environmental Protection Authority (EPA) Recommends Environmental Approval “The WA EPA considers that…the Project can be managed in a manner that…avoids significant or unacceptable environmental impacts and risks.” Assessment complete
Slide 7: Mineral Resource Estimate
MINERAL RESOURCE ESTIMATE For personal use only ASX:PMY Global Resource to 29.98Mt of 4.7%Pb equivalent including 10.85Mt of 5.0%Pb equivalent in Indicated Resources1 “From 20 metres below surface and open in all directions.” JORC MINERAL RESOURCE ESTIMATE AT A 1.0% LEAD CUT-OFF GRADE1 RESOURCE CLAS
Slide 8: Pre-Feasibility Study Highlights
PRE-FEASIBILITY STUDY HIGHLIGHTS For personal use only ASX:PMY “Project significantly de-risked with recently updated Pre-Feasibility Study confirming highly robust financials.” MINING AND PROCESSING 8 Year Initial Mine Life Initial Mine Life (Years) 8 Concentrate (Mtpa) 1 PRODUCTION 1 Mtpa Mining R
Slide 9: Open Pit Mining
OPEN PIT MINING For personal use only ASX:PMY • Initial production from 3 open pits over initial 8 year mine life. • Only Indicated Resources used in current mining schedule. • Mine life expected to increase as Inferred converted to Indicated Resources through infill drilling. • Flat topography and
Slide 10: Geology
GEOLOGY For personal use only ASX:PMY • MVT style deposits formed in lower Carboniferous (Tournaisian) carbonates within the Burt Range Formation on the eastern flank of the Pincombe Range. • Mineralisation occurs as a sediment replacement style deposit at the contact between an upper siltstone (Kno
Slide 11: Metallurgy and Processing
METALLURGY AND PROCESSING For personal use only ASX:PMY “Excellent recoveries and high quality concentrate with simple processing.” • Metallurgical testing confirms high recoveries for both lead (91%) and silver (87%) into high- value, high-grade concentrate (55-69% Pb). • Simple lead sulphide miner
Slide 12: Phase I Infill Drilling Campaign – Dec. 2018
PHASE I INFILL DRILLING CAMPAIGN – DEC. 2018 For personal use only ASX:PMY • Results have confirmed that C, DE, and F deposits are linked and can be referred to as a single deposit at a strike length of 1.7km and may be minable with a single open cut. • Significant drill intercepts from each deposit
Slide 13: Phase II Infill and Expansion Drilling Campaign
PHASE II INFILL AND EXPANSION DRILLING CAMPAIGN For personal use only ASX:PMY “Aiming to move Resources to an Ore Reserve to advance planning for a future mining operation” Source: PMY ASX Announcement 27 May 2019. Image: Planned Drilling Colour Coded by Purpose. PACIFICO MINERALS LIMITED ASX:PMY 13
Slide 14: Key Milestones
KEY MILESTONES For personal use only ASX:PMY “Outstanding progress made since the Project was acquired.” Stage One Significant Stage Two Remaining Mineral Optimised Definitive 5,500m Infill Upgrade in 6,000m Infill Project PFS Review Stage One Resource PFS and Feasibility & Expansion Mineral & Expan
Slide 15: Contact Us
For personal use only CONTACT US Level 10, 105 St Georges Tce, Perth WA 6000 61 8 6268 0449 info@pacificominerals.com.au ASX:PMY www.pacificominerals.com.au
Slide 16: Appendices
For personal use only APPENDICES ASX:PMY
Slide 17: Capital Investment and Operating Costs
CAPITAL INVESTMENT AND OPERATING COSTS For personal use only ASX:PMY PRE-PRODUCTION CAPITAL EXPENDITURE (A$M) OPERATING COST ESTIMATES TREATMENT PLANT 40 A$/lb US$/lb INFRASTRUCTURE 6 MINING 0.26 0.18 TAILINGS STORAGE FACILITIES 2 PROCESSING 0.18 0.13 CONTRACTORS AND CONSTRUCTION COSTS 4 TCRCs AND O
Slide 18: Sorby Hills MRE at Selected Cut Off Grades
SORBY HILLS MRE AT SELECTED CUT OFF GRADES For personal use only JORC Category Cut off Pb % Tonnes Grade Pb % Grade Ag g/t Contained Pb (Kt) Contained Ag (Moz) 0.75 11,396,044 3.76 45 429.0 16.39 1.0 10,848,898 3.91 46 424.3 16.10 Indicated 1.5 9,771,410 4.20 49 410.8 15.35 2.5 6,948,729 5.11 58 354
Slide 19: Lead Market Opportunity – Demand by Application
LEAD MARKET OPPORTUNITY – DEMAND BY APPLICATION For personal use only ASX:PMY • Largest sector of lead demand is automotive (AV) batteries, accounting for more than 86% of refined lead (of which 64% LEAD CONSUMPTION BY SECTOR is used in replacement batteries)1. • Wood Mackenzie therefore expects aut
Slide 20: Lead and Clean Energy
LEAD AND CLEAN ENERGY For personal use only ASX:PMY “Advanced lead batteries support the clean energy transition.” • Lead batteries currently provide 75% of worldwide rechargeable energy storage and start-stop functionality for all passenger cars, including EV’s. • Lead batteries are a key element i
Slide 21: Lead Supply and Demand Balance
LEAD SUPPLY AND DEMAND BALANCE For personal use only ASX:PMY BASE CASE MINED LEAD PRODUCTION VS. DEMAND3 • Short-term refined lead stocks are close to record lows. • Global lead demand is forecast to rise by 1.2% to 11.87 million tonnes in 20191 due to increased usage in India, Japan, and the Republ
Slide 22: Non-Core Assets
NON-CORE ASSETS For personal use only ASX:PMY “Exploring opportunities to sell or establish Joint Ventures for our non-core assets to realise shareholder value.” BORROLOOLA WEST JOINT VENTURE (NORTHERN TERRITORY) • Joint Venture Project in the McArthur Basin with Sandfire Resources NL (PMY 51%, SFR
Pacifico Minerals — Investor Presentation (June 2019) on 6ix