Enterprise Metals Limited · ASX:ENT
Enterprise Metals — Shareholder Meeting (November 2010)
36 slides from Enterprise Metals's shareholder meeting presentation, Nov 30, 2010
Slide 1: Technical Presentation Post AGM
ACN: 123 567 073 Technical Presentation Post AGM 30 November 2010
Slide 2: Disclaimer
Disclaimer This document has been prepared by Enterprise Metals Ltd (“Enterprise” or “the Company”) to provide an update of the Company to investors and potential new shareholders. This presentation should be read in conjunction with other public announcements and reports (including financial report
Slide 3: Substantially Increase Shareholder Value
“Substantially Increase Shareholder Value…..” By “discovery and/or acquisition under safe title of large & highly profitable Deposits of iron ore, gold, base metals & uranium…..” within “the Archaean Yilgarn Craton and surrounding Proterozoic Basins & Orogenic Zones”
Slide 4: Issued Capital
Issued Capital: 115.656 M shares Options: Listed 17.12 M @ 25 cents (20/06/12) Options: Unlisted 3.00 M @ 25 cents (22/11/12) 2.50 M @ 50 cents (30/06/13) Share price: $0.23 (close 29 Nov 2010) Market Capitalisation: $26.6 million Cash at bank: $1.339 million @ 30 Sept 2010
Slide 5: Strong Management Team
STRONG MANAGEMENT TEAM Paul Larsen - Non Executive Chairman Successful private company director 26 years experience in construction, management & major projects Dermot Ryan - Managing Director FAusIMM, CP (Geo) Geologist with 33 years multi-commodity experience 20 years CRA Ltd inc. HI (iron
Slide 6: Project Locations
PROJECT LOCATIONS Iron Ore Uranium Burracoppin Yalgoo Cunderdin Byro Sylvania Darlot Booylgoo Eucla Earaheedy Gold Base Metals Wattagee Doolgunna Yandal Eucla (Cu/Au?) Darlot Wattagee (Cu/Zn)
Slide 7: Strategy
Strategy Explore favourable stratigraphy & structures for extensive Cu/Au mineralisation 2011 Action Plan Follow up Doolgunna 2010 soil targets (DeGrussa VMS) IP/EM surveys RC/DC drilling
Slide 8: Sandfire Resources NL
Sandfire Resources NL DeGrussa resource 10.67 million tonnes 5.6% Cu 1.9g/t Au 15g/t Ag for 600,000 tonnes copper 660,000 ounces gold 5.1m ounces silver
Slide 9: Focus on granted tenements
Focus on granted tenements along Goodin Fault, in Narracoota Volcanics. Detailed soil sampling completed. (2,500 samples) 4 VMS targets identified. IP surveys planned for Dec 2010- Feb 2011 Still awaiting grant of Ruby West (E51/1301)
Slide 10: IP surveys & soil sampling
IP surveys & soil sampling & RC drilling of targets along Goodin Fault . Awaiting grant of key tenement at Ruby West. Key issue: Narracoota Volcanics more extensive than GSWA mapping shows.
Slide 11: Doolgunna Target
Doolgunna Target
Slide 12: Doolgunna - Doolgunna Target
Doolgunna - Doolgunna Target ~4 —— Proposed IP Survey » Soil Sample location — Fault Target ([) Tenement Granted (—Tenement Application Silver Geochem anomaly Geology Interpretation
Slide 13: Ruby Well Targets
Ruby Well Targets
Slide 14: Doolgunna — Ruby Well Targets
Doolgunna — Ruby Well Targets Narracoota & ;— Karalundi Formations | Ga = age Par Doolgunna Proposed IP Survey _ Soil Sample location Target \ — Fault ~ (Tenement Granted (Tenement Application Silver Geochem anomaly Geology Interpretation Gold © Occurrence
Slide 15: Strategy
Strategy Acquire and drill test high quality empirical or conceptual targets in areas of excellent infrastructure, with focus on Direct Shipping Ore (“DSO”) Ie. High grade hematite-goethite, (+/-magnetite). 2011 Action Plan Drill test Burracoppin targets (Archaean) Drill test Cunderdin targets (A
Slide 16: Cunderdin & Burracoppin Projects
Cunderdin & Burracoppin Projects _ Railway Project Boundary » Archaean Greenstone belts hosting BIF within gneissic terrane. » Heavy duty standard gauge railway, water, power, other services. » Deepwater ports at Kwinana and Esperance.
Slide 17: No outcrop, deeply weathered, wheat paddocks
(100%) No outcrop, deeply weathered, wheat paddocks, private land, no Native Title. 200m line spaced mag survey completed. 100km of linear magnetic anomalism, potentially some banded iron fm. Magnetic lows may represent deep weathering and hematite. Initial RC drilling program (21 holes) com
Slide 18: Cunderdin Competitors
Cunderdin Competitors Jubuk Quairading
Slide 19: Little outcrop, deeply weathered greenstone belt
(part Option, part 100%) Little outcrop, deeply weathered greenstone belt, historical RAB holes intersected Bif and hematite. Also gold potential. 400m line spaced aeromagnetic survey available. 10’s km of linear magnetic anomalism defined, some associated with subcropping & mapped Bif. Magn
Slide 20: Initial rockchip sampling encouraging
(part Option, part 100%) Y34754 Y34759 Initial rockchip sampling encouraging Airborne magnetic survey (100m line spacing) in progress, to aid mapping & RC drill targetting
Slide 21: Historical mapping shows Bif
(100%) Historical mapping shows Bif. Only 400m line spaced aeromagnetic survey available. 20km of mapped Bif, but non-outcrop areas need drill testing for hematite/goethite DSO. Awaiting grant of tenement.
Slide 22: Target: Channel Iron Deposit in Proterozoic sediments
(100%) Target: Channel Iron Deposit (“CID”) in Proterozoic sediments Proterozoic Bif’s in Nabberu Basin “Magnetic channels” - aeromagnetics suggest CID’s present Tenement still in application.
Slide 23: Targets: Proterozoic sediments
(100%) Geology Magnetics Targets: Proterozoic sediments - hematite iron deposit, “Hamersley style” CID and detrital target on Fortescue River Fault
Slide 24: Massive hematite outcrop, south of Wyloo Group sediments
(100%) Massive hematite outcrop, south of Wyloo Group sediments
Slide 25: Strategy
Strategy Explore below known extensive oxide gold zones for high grade primary ore Within trucking distance of Navigator’s Bronzewing Mill 2010/2011 Action Plan RC drill test Wattagee (2010) done Aircore drilling at Darlot (2010) done RC drill test Yandal Homestead (2011)
Slide 26: Darlot/Yandal Project
Darlot/Yandal Project (100% * * one tenement 80% owned) Historic Gold drilling results on magnetics Wither's Find - Drill Section 6956,900N Targets: Archaean orogenic Au deposit & VMS Cu/Zn deposits Excellent gold/base metal targets based on previous RAB drilling & structural interpretation Favo
Slide 27: Targets: Archaean orogenic Au deposit & VMS Cu/Zn deposits
(100%) Geology Stockyard Creek Prospect Targets: Archaean orogenic Au deposit & VMS Cu/Zn deposits Covers prospective Archaean greenstone & felsic volcanics “Big Bell” style conceptual targets for gold along Cuddingwarra Shear Historical RC results of 4m @ 17.9g/t Au and recent RC results of 8
Slide 28: Strategy
Strategy Build a strong uranium exploration portfolio First pass exploration of extensive airborne radiometric anomalies associated with calcrete and greenstone 2011 Action Plan Soil sampling/Aircore drilling at Yalgoo (calcrete) Airborne survey at Byro Soil sampling at Byro (calcrete) – when g
Slide 29: Yilgarn Uranium Model
E N T E R P R I S E U R A N I U M P T Y LT D Yilgarn Uranium Model
Slide 30: Yilgarn Resources & Projects
Yilgarn Resources & Projects Calcrete hosted uranium deposits Soluble Uranium sourced from granites Uranium (carnotite) precipitated in calcrete over greenstone belts after addition of Ca and V.
Slide 31: Geology & Location Plan
Geology & Location Plan Strong airborne radiometric response associated with calcrete over Proterozoic basement (Byro) and Archaean greenstone (Yalgoo) Granted tenement at Yalgoo Byro tenements still awaiting grant Stage 1: Soil sampling planned Stage 2: Aircore drilling to be planned EN
Slide 32: RGB Radiometric Image
(100%) RGB Radiometric Image RGB Radiometrics Isometric projection Target: Calcrete hosted uranium deposit Strong airborne radiometric response with calcrete over Proterozic basement complex and Archaean greenstone Awaiting grant of tenement, soil sampling and aircore drilling planned
Slide 33: Strong analogy at Byro with Yeelirrie
Strong analogy at Byro with Yeelirrie, Australia’s largest calcrete hosted Uranium deposit @ 52,500 tonnes contained U3O8 (BHP Billiton)
Slide 34: Yalgoo Project
Yalgoo Project (100%) Uranium Channel Image Strong airborne radiometric response associated with calcrete over Archaean greenstone Granted tenements. Soil sampling and aircore drilling planned
Slide 35: Discrete & intense airborne magnetic targets identified
(100%) Discrete & intense airborne magnetic targets identified in DMP regional data, 100 km ESE of Fraser Range at Balladonia. Targets along major NE-SW corridor on margin of Eucla Basin. Targets tested for iron oxide copper-gold (“IOCG”) or iron sulphide (pyrrhotite & Ni/Cu-PGE) potential.
Slide 36: Reporting of Exploration Results
Reporting of Exploration Results The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dermot Ryan, a Fellow of the Australasian Institute of Mining & Metallurgy. Dermot Ryan is a Director of the Company and a geolog
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