Noronex Ltd. · ASX:NRX
Noronex — Investor Presentation (July 2022)
21 slides from Noronex's investor presentation, Jul 28, 2022
Slide 1: Investor Presentation
For personal use only Investor Presentation N o r o n e x L t d ( A S X : N R X ) – J u l y 2022 1
Slide 2: Competent Person's Statement
Competent Person’s Statement The information in this report that relates to Namibian Exploration Results is based on information compiled by Mr Bruce Hooper who is a Registered Professional Geoscientist (RPGeo) of The Australian Institute of Geoscientists. Mr Hooper is a consultant to Noronex Ltd an
Slide 3: Investment Opportunity
Investment Opportunity For personal use only “Copper is a critical element in a low carbon world” PROJECTS: Advanced copper exploration in leading mining jurisdictions of Namibia and Canada. Projects have existing high grade JORC (2012) resources, significant exploration upside and district scale po
Slide 4: Noronex Corporate Structure
For personal use only Noronex Corporate Structure (ASX:NRX) ASX Code NRX Shares on Issue 191.9m Unlisted Options (1) 36.5m Share Price $0.04 Market Capitalisation (A$m) $7.7m Cash (A$m) (2) $2.1m Enterprise Value ($m) $5.6m Board / Management 16.4% Ownership 1. Various strike prices from 10-20c 2. A
Slide 5: Board & Management
Board & Management Board of Directors For personal use only David Prentice Robert Klug James Thompson Piers Lewis Non-Executive Chairman Non-Executive Director Executive Director Non-Executive Director Experienced junior Experienced resources Founder/ director of Founder of SmallCap resources execut
Slide 6: Why Copper? Demand / Supply
WHY COPPER? For personal use only Demand / Supply Copper Market Copper is a commodity with strong and growing market fundamentals Commentators such as S&P Global forecast copper demand to double from 25 mt today to 50mt by 2035. Demand is being driven by industrialisation and electrification (ESG &
Slide 7: Why Copper? Few New Discoveries
For personal use only Why Copper? Few New Discoveries Copper exploration success and new discoveries over the last decade have been at historically low levels 7 Source: S&P Global Market Intelligence 7
Slide 8: Why Copper? Declining Grades
WHY COPPER? For personal use only DECLINING GRADES The vast majority of copper resources outside of existing mines are at a grade of 0.5% or below Over the last 12 years the average grade of copper mined has declined by 1.8% per year to 0.59% in 2017 Noronex projects are targeting top quartile grade
Slide 9: Namibia
Kalahari Copper Belt Namibia For personal use only • Modern Capital City: Windhoek • Political System: Modern Democracy • Population: 2.6m • Land Area: 825,615 km2 • Excellent infrastructure: Access to road, rail infrastructure and grid power. Projects are just over one hour from capital • Stable Mi
Slide 10: Growing Presence
Kalahari Copper Belt For personal use only Growing Presence • New drilling reported in April 2022 includes multiple zones of copper including 27m @ 1.6% Cu in previously undrilled prospect • ~5,600 km2 of highly prospective ground covering >200kms strike • Includes recent 100% owned applications for
Slide 11: Witvlei
Kalahari Copper Belt Witvlei For personal use only 3.5 Mt @ 1.4 % Cu Inferred and Indicated resources defined in four deposits : • 10Mt @ 1.3% Cu1 4.3 Mt @ 1.2 % Cu • Shallow near surface, open pittable, sulphide mineralisation • Predominantly chalcocite in sediments, high grade concentrate 1.0 Mt @
Slide 12: Daheim Drilling
Kalahari Copper Belt Daheim Drilling For personal use only 31m @ 0.7 % Cu Inc. 7m@ 1.7 % Cu 27m @ 1.6 % Cu Inc. 6m@ 2.9 % Cu 29m @ 0.7 % Cu Inc. 4m@ 3.3 % Cu 10m @ 1.0 % Cu 12
Slide 13: Daheim Phase Drilling Results Pending
Kalahari Copper Belt Daheim Phase 2 Drilling For personal use only Results Pending • Thirteen further RC holes completed 27m @ 1.6 % Cu Inc. 6m@ 2.9 % Cu • Infill mapping, soil sampling, ground magnetics completed • Drill tested extensions and new soil anomalies 10m @ 1.0 % Cu 29m @ 0.7 % Cu • Drill
Slide 14: Snowball Joint Venture
Kalahari Copper Belt Snowball Joint Venture For personal use only Drilling underway at Snowball • Snowball Joint Venture covers key tectonic setting, condensed Erfenis sequence over a former basement high • Typical setting for hosting large scale Sedimentary Copper deposits Helm such as Kamoa in Cen
Slide 15: Snowball Joint Venture: Erfenis
Kalahari Copper Belt Snowball Joint Venture For personal use only Drilling underway at Erfenis • Drilling underway at Erfenis to target host rock reduced shale • Ground magnetics completed to define targets • Large scale target, never previously tested • Contact of NPF-DKF hosts deposits in Botswana
Slide 16: Regional Applications
Kalahari Copper Belt Regional Applications For personal use only Humpback and Damara • Regional applications focused on contact of NPF-DKF that hosts major deposits in Botswana • 100% Noronex • Fiesta Prospect , previous drilling over 3 km • Drilled ~120 holes by Cupric Canyon 2014 –2018 includes :
Slide 17: Ontario Copper Project
Ontario Copper Project For personal use only Figure 1: Noronex Project Location and other Projects being Figure 2: Detailed map of Noronex Projects in showing developed in Ontario, Canada nearby road and rail infrastructure • Noronex’s Canadian copper project is located on the Onaman-Tashota Greenst
Slide 18: Ontario Copper Project
Ontario Copper Project The opportunity – growing a copper inventory in a For personal use only Tier 1 mining jurisdiction • Noronex is one of the largest land holders (32,000Ha) targeting Cu-Au-Ag VMS deposits on the Onaman-Tashota Greenstone Belt • Lynx Deposit contains a shallow JORC (2012) Inferr
Slide 19: Summary
Summary For personal use only Funded to tackle exciting phase of exploration Geological: • Building on existing JORC resource of 10mt @ 1.3% Cu • Completed 14,000m drilling at Witvlei at five prospects and 3,000m at Snowball • Wide, high grade intercept (27m @ 1.6% Cu) discovered in new project area
Slide 20: Resources
Resources Namibian DorWit Resources Table 1: DorWit Consolidated Mineral Resources at a cut-off grade of 0.5% Cu as at 01 March 2021 1 For personal use only Oxidation Classification Tonnes Cu Ag Cu content Deposit State Category (Millions) (%) (ppm) (kilo tonnes) Indicated 0.11 1.30 7 1.4 Oxide Infe
Slide 21: Onaman Resources
Onaman Resources 2 For personal use only Competent Person Statement The information in this report that relates to Mineral Resources in Canada is based on information compiled by Mr Garth Kirkham. Mr Kirkham is an independent consultant employed by Kirkham Geosystems and is a member of a ‘Recognised