Somerset Minerals Limited · ASX:SMM
Somerset Minerals — Investor Presentation (July 2024)
17 slides from Somerset Minerals's investor presentation, July 2024
Slide 1: Exploring for the Next Generation of Mines
EXPLORING FOR THE NEXT GENERATION OF MINES ASX:SMM Investor Presentation July 2024
Slide 2: Disclaimer
Disclaimer Cautionary Statements & Disclaimer The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. Please note that, in providing this presentation, the Company has not considered t
Slide 3: Corporate Overview
Corporate Overview Capital Structure SMM 1.0bn $4.1m $2.0m $2.1m 252.2m ASX Code Shares on Issue Market Cap Cash Enterprise Value Options1 (Undiluted) (undiluted at $0.004/sh) (As at 31 Mar 24) 3 Board of Directors Chris Hansen Mike Edwards Melanie Ross Managing Director Non-Executive Chairman Non-E
Slide 4: Investment Highlights
Investment Highlights Capital Structure PRESCOTT Nunavut, Cu-Ag-Zn-Pb Acquisition of the The Prescott Project the highly prospective includes a significant land Prescott copper package directly along & base metals project has strike and adjacent to now been completed with American West Metals explor
Slide 5: Prescott Project
PRESCOTT PROJECT Nunavut (Cu, Ag, Zn, Pb)
Slide 6: Prime Location
Prime Location Located adjacent to coast Access to designated sealift route 6 Historical mining district with established logistics network and supportive local government Year-round mining, with reliable shipping window Source: ASX:SMM 29/04/2024. Somerset Minerals
Slide 7: Prescott Base Metals Project
Prescott Base Metals Project Spanning over 240km, the Prescott Project area has excellent potential to host Sedimentary Hosted Copper deposits (Cu-Ag) and Mississippi Valley- Type deposits (Zn-Pb) • The Prescott Project includes a significant land package directly along strike and adjacent to Americ
Slide 8: Anticlinal Structure Results in Repetition of Geology
Anticlinal Structure Results in Repetition of Geology An interpreted anticlinal structure has resulted in a potential repetition of the same geological sequence which hosts the neighbouring Storm Project, but on the adjacent Prince of Wales Island. 8 Somerset Target Area Source: ASX:SMM 29/04/2024.
Slide 9: Prescott Project: Miguel Gravity Target
Prescott Project: Miguel Gravity Target Large ongoing airborne geophysical survey has already identified a large gravity high at the Miguel prospect1 • Miguel is located on Somerset Island, 29 km from American West’s Storm deposit and 10 km from Aston Bay’s Seal deposit • The principal gravity high
Slide 10: Prescott Project: Miguel Multispectral Target
Prescott Project: Miguel Multispectral Target Part of the Miguel gravity high is also coincident with a multispectral anomaly which displays a similar reflective signature to other known deposits and mineralised gossans in the region1 • The Miguel target shows a large 800m x 450m multispectral anoma
Slide 11: Mineralisation Model
Mineralisation Model Somerset is targeting sediment hosted copper deposits akin to the neighboring Storm deposit (ASX: AW1). 1. Oxidised Source Rock Source rock must be haematite stable and contain ferromagnesian minerals from which copper can be leached. Typical source rocks are continental red san
Slide 12: Indicative Exploration & Targeting
Indicative Exploration & Targeting Current exploration activities include an airborne geophysical survey and ground-based geochemical mapping program July August September October November December Airborne Gravity Gradiometry Survey Geochemical & Field Mapping 12 Data Compilation & Drill Target Ide
Slide 13: Other Projects
OTHER PROJECTS
Slide 14: Elizabeth Gold Project & Blackdome Mine
Elizabeth Gold Project & Blackdome Mine High grade gold exploration with future options for expediting production Elizabeth Gold Project • High-grade mesothermal gold mineralization present in wide (~1.5 - 5m) vein sets • Elizabeth Project is approximately 30km south of the Blackdome mill and is con
Slide 15: Zamora Copper-Gold Projects
Zamora Copper-Gold Projects Copper and gold exploration in Ecuador adjacent to Lundin Gold’s Fruta del Norte Project Zamora • Somerset’s projects in Ecuador are located in heart of the Cordillera del Condor mineral belt of southeast Ecuador that hosts numerous major gold and copper porphyry deposits
Slide 16: A Level 2, 22 Mount Street, Perth WA 6000, Australia T
A Level 2, 22 Mount Street, Perth WA 6000, Australia T +61 8 6188 8181 W somersetminerals.com.au
Slide 17: Board of Directors
Board of Directors Chris Hansen Mike Edwards Melanie Ross 17 Non-Executive Director Non-Executive Chairman Non-Executive Director & Company Secretary Mr Hansen is a multidisciplinary metals and mining Mr Edwards is a Geologist and Economist with over 25 years' Ms Ross is an accounting and corporate
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