Polarx Ltd · ASX:PXX
Polarx — Precious Metals Investment Symposium 2018
21 slides from Polarx's conference presentation, Oct 3, 2018
Slide 1: ASX Announcement: Investor Presentation
ASX Announcement 3 October 2018 For personal use only INVESTOR PRESENTATION PolarX Limited (ASX:PXX) attaches a copy of its presentation for the upcoming Precious Metals Investment Symposium in Perth on 4 October 2018. For and on behalf of the Board. For further information, please contact the Compa
Slide 2: Zackly Expansion; Alaska Range Project
For personal use only ASX: PXX www.polarx.com.au Zackly Expansion; Alaska Range Project Company Update, October 2018 1
Slide 3: Alaska Range Project: High-Grade Cu-Au-Ag deposits and massive upside
Alaska Range Project: High‐Grade Cu‐Au‐Ag deposits and massive upside For personal use only • Advanced projects, high‐grade from surface • Porphyry province, proven world‐class endowment • Drilling to increase size of Zackly Cu‐Au‐Ag resource • Environmental baseline studies underway • Technical sup
Slide 4: Capital Structure and Corporate
Capital Structure and Corporate For personal use only Shares (M) Options (M) TOTALS 298.3 5.2 SHAREHOLDERS: % Management/Directors/MRG Team 15.2 TIGHTLY HELD JP Morgan (UK) 8.7 Ruffer Gold Fund (UK) 7.2 Top 20 65% Millrock Resources Inc 6.4 Top 40 75% Lowell Resources Fund (Aus) 2.6 Jupiter Asset Ma
Slide 5: Excellent access, mining friendly jurisdiction
Excellent access, mining friendly jurisdiction For personal use only ALASKA RANGE PROJECT: • 350km north‐east of Anchorage • ~6 hours from Anchorage by road • Nearby lodges for accommodation & support • 100km from rail, power, highway • Easy road/rail access to all year ports ALASKA, USA: • Mining f
Slide 6: Reliable access to infrastructure; road, rail, ports, lodges
Reliable access to infrastructure; road, rail, ports, lodges For personal use only Port of Seward Access to Fairbanks – Anchorage ‐ Seward railway 4WD access to Caribou Dome and in 2019 to Zackly Access to local lodges for accommodation and support Slide 5
Slide 7: Alaska Range Project at regional fault intersections – fertile fluid pathways
Alaska Range Project at regional fault intersections – fertile fluid pathways For personal use only • Major boundary between the Tintina Gold Belt and the Cretaceous Porphyry Copper Belt • Intersected by a major NW to WNW trending fault corridor forming a pathway for fertile magmas • Same age rocks
Slide 8: Zackly – 2018 drilling on-track to expand current resource
Zackly – 2018 drilling on‐track to expand current resource For personal use only Cut‐off grade Category Million Tonnes Cu % Au g/t Ag g/t Contained Cu (t) Contained Cu (Mlb) Contained Au (oz) Contained Ag (Moz) 0.5% Cu Inferred 3.4 1.2 2.0 14.0 41,200 90.9 213,000 1.5 Slide 7
Slide 9: ZX-18020 and ZX-18024: Thick, near-surface, high grade 850m along-strike
ZX‐18020 and ZX‐18024: Thick, near‐surface, high grade 850m along‐strike For personal use only • High‐grade Cu + Au+ Ag from very near surface • 850m along‐strike from current Inferred Resource • Assays imminent for hole ZX‐18021 • Potential for open pit mining at low strip ratio ZX‐18020 From (m) T
Slide 10: ZX-18023; 9.3m @3.3% Cu, 2.3g/t Au and 19.7g/t Ag
ZX‐18023; 9.3m @3.3% Cu, 2.3g/t Au and 19.7g/t Ag For personal use only • Massive magnetite skarn from near surface • 350m along‐strike from current Inferred Resource • ZX‐18025 intersected 15m @ 2.3% Cu, 2.2 g/t Au on same section • Mineralisation is strongly magnetic – detailed airborne survey res
Slide 11: Strong copper-gold mineralisation in ZX-18018: 100m deeper
Strong copper‐gold mineralisation in ZX‐18018: 100m deeper For personal use only • This intersection is approximately 100m below the nearest hole on this section of the inferred resource • Copper and gold mineralisation within sub‐vertical skarn alteration from 260.15m to 332.08m down hole • Visible
Slide 12: Evidence of prospectivity for porphyry Cu-Au systems
Evidence of prospectivity for porphyry Cu‐Au systems For personal use only • Regional setting in a known, well‐endowed porphyry belt • Structural setting on a NW fault which hosts known porphyry deposits • Regional magnetic signatures consistent with oxidized intrusions • Co‐incident Cu‐Au‐Mo‐As‐Ag
Slide 13: Zackly structural corridor: multiple intrusive centers
Zackly structural corridor: multiple intrusive centers For personal use only • WNW structural trend at Zackly extends along strike to the Mars and Zackly SE porphyry targets • Forms a structural corridor containing multiple targets for porphyry Cu‐Au deposits + skarns • Zackly mineralisation is dire
Slide 14: Intrusive centers + soil anomalies = PORPHYRY Cu-Au TARGETS
Intrusive centers + soil anomalies = PORPHYRY Cu‐Au TARGETS For personal use only ZACKLY + JUPITER (Porphyry, skarn) • Zackly open in all directions, Cu‐Au‐ Ag skarn with a porphyry source, possibly to the south‐east • 2km x 1km soil anomaly at Jupiter with up to 0.38% Cu, 0.78g/t Au, no drilling, a
Slide 15: Mars – strong IP and surface geochemistry, widespread alteration
For personal use only Mars – strong IP and surface geochemistry, widespread alteration Slide 14
Slide 16: Caribou Dome - shallow, high-grade Cu deposit
Caribou Dome ‐ shallow, high‐grade Cu deposit For personal use only • 2.8Mt at 3.1% copper (0.5% lower‐cut) for 86,000t of contained Copper (JORC 2012) • 60% in the top 150m including 935,000t @ 4.4% • High grade, sediment‐hosted • Drill intersections over >800m strike‐length • Open in all direction
Slide 17: Ongoing work programs and news flow
Ongoing work programs and news flow For personal use only 2018 September Assay results for ZX‐18021, ZX‐18024, ZX‐18025 October Assay results for ZX‐18027 to ZX‐18030 November Assay results for soil and rock‐chip samples at Mars porphyry target Assay results for remaining drill holes at Zackly Detai
Slide 18: Concluding Statements
Concluding Statements For personal use only • Big holding of high quality, high‐grade copper‐gold‐silver assets in mining friendly Alaska, USA • Advanced projects – early exploration risk has been removed • Major drilling and exploration program already delivering results in 2018 • Massive upside fr
Slide 19: Appendix 1: Experienced management team with track-record
Appendix 1: Experienced management team with track‐record For personal use only A Chartered Accountant with over 25 years’ direct experience in developing resource companies. A founding director of Gilt-Edged MARK BOJANJAC Mining Limited which discovered East Kundana, one of Australia’s highest grad
Slide 20: Appendix 2: Mitchell River Group Pty Ltd
Appendix 2: Mitchell River Group Pty Ltd For personal use only • MRG is a privately owned Australian venture capital and resource management and development group • Provides comprehensive technical, commercial and management services to multiple companies. • Current clients include ASX‐listed: • Afr
Slide 21: Cautionary Statements
Cautionary Statements For personal use only This presentation has been prepared by PolarX Limited (“PolarX”) to assist in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in PolarX or as