Enterprise Metals Limited · ASX:ENT
Enterprise Metals — Shareholder Meeting (November 2020)
26 slides from Enterprise Metals's shareholder meeting presentation, Nov 24, 2020
Slide 1: Post AGM Presentation
Post AGM Presentation 24 November 2020
Slide 2: Disclaimer & Forward Looking Statements
Disclaimer & Forward Looking Statements Disclaimer This document has been prepared by Enterprise Metals Limited (the “Company”). It should not be considered as an invitation or offer to subscribe for or purchase any securities in the Company or as an inducement to make an invitation or offer with re
Slide 3: Capital Structure
Capital Structure CapitalStructure Capital Structure ENT Share Price & Volume Share Price (close 23 Nov 2020) A$ 0.017 Shares on Issue (23 Nov 2020) # 544,420,684 Options: Expiry 30 Jun 2021 $0.015 35,956,473 Options: Expiry 30 Mar 2022 $0.015 1,000,000 Options: Expiry 31 Aug 2022 $0.03 35,956,473 M
Slide 4: Vision & Strategy
Vision & Strategy VISION “To generate and secure under title gold and base metals projects in Australia with potential for discovery of Tier 1 deposits, that will attract major partners to fund exploration, discovery and development” STRATEGY Strict planning for low cost and highly effective proje
Slide 5: Enterprise’s Projects - West Australia
Enterprise’s Projects - West Australia MURCHISON Au & Cu/Zn Evolution Mining (EVN) Murchison JV EVN 100% funding & operating EVN earn 80% by $6M spend over 4 years DOOLGUNNA Cu/Zn Sandfire Resources (SFR) Enterprise JV SFR 100% funding & operating ENT 100%, until SFR finds 50,000t Cu met
Slide 6: Murchison Project
MURCHISON PROJECT EVOLUTION MINING LTD (ASX:EVN) EARN-IN JV 1 JUNE 2019 EVN to spend $6M over 4 years to earn 80% interest 835km2 landholding over prospective greenstone belt Major producing gold mines to south at Big Bell and to north, Meekatharra Evolution considers that the Murchison Proj
Slide 7: Murchison – EVN Aircore Drilling & Results
MURCHISON – EVN Aircore Drilling & Results Detailed airborne magnetic surveys flown by ENT in 2018 & 2019 Detailed ground gravity survey completed by Evolution (5, 927 stations) EVN completed 262 aircore holes/ 19,132m to 30 Sept 2020 along Big Bell & Cuddinwarra Shear Zones MUAC0234: 2m @1.
Slide 8: Murchison - Geology & Cu-Zn Potential
MURCHISON - Geology & Cu-Zn Potential Favourable stratigraphy covered with alluvium provides the challenge and the opportunity Contains 2 stratigraphic horizons with known VMS style mineralisation +21km strike of Wattagee VMS horizon, AM14, Wattagee Hill & Metals Ex gossans GSWA work indicat
Slide 9: Doolgunna Project
DOOLGUNNA PROJECT SANDFIRE RESOURCES NL (SFR) FARM-IN Oct 2016 SFR can earn 75% interest by defining 50,000 tonnes contained Cu metal (or equivalent) Over 60km strike of the southern boundary of the Bryah Basin and northern part of Yerrida Basin The Bryah Basin contains Narracoota/Karalundi Form
Slide 10: Fraser Range Project
FRASER RANGE PROJECT 70% CONSTELLATION RESOURCES LTD (CR1) - 30% ENTERPRISE METALS LTD ENT free carried at 30% to completion of Bankable Feasibility Stage ENT 2009 - 2015: Aeromag, soil sampling & AEM Plato: 6 hole RC/DC, NiS intersected in Orpheus JV core CR1 70% - ENT 30% 39 FLEM ground surv
Slide 11: Fraser Range – Kitchener Prospect
Fraser Range – Kitchener Prospect Magnetic image Mag/gravity Targets 20km south of Legend Mining (ASX: LEG) Mawson NiS discovery 121 Aircore holes (15,102m) completed by CR1 June Qtr 2020 5 discrete Ni-Cu-Co geochemical anomalies over Targets 1, 2 and 4. Best results include: KAC0091: 21m
Slide 12: Fraser Range – Kitchener Prospect Results
Fraser Range – Kitchener Prospect Results CR1 - ENT JV CR1 report likely next step is RC drilling at completion of current 2,000m AC drilling program. PAGE 12
Slide 13: Mandilla Prospect
MANDILLA PROSPECT Vera Allen’s Mandilla Prospect E15/1437 & P15/5885 ~20km’s south of Kambalda & ~3km east of the high- grade Wattle Dam gold mine Allen’s Mandilla Prospect Enterprise have an 18 month Option Agreement over Allen’s Mandilla Prospect The Prospect occupies the eastern margin of t
Slide 14: Mandilla Prospect
MANDILLA PROSPECT Significant Aurox Shear Zone defined by magnetic imagery and aircore drillhole geochemistry Section 6528 600mN (with vertical exaggeration) shows the higher gold grades and deeper weathering in hole MEAC 081 (blade refusal and End of Hole at 81m). 102m wide auriferous zone. 3
Slide 15: Southern Cross Belt- Bullfinch North
SOUTHERN CROSS BELT- Bullfinch North • Northern half of Southern Cross Greenstone Belt, under-explored compared to southern half. • +10Moz gold produced historically from Yilgarn Star to Southern Cross to Bullfinch. • Northern half largely lacks deep regolith profile but has significant transported
Slide 16: Bullfinch North Project
BULLFINCH NORTH PROJECT SOUTHERN CROSS GREENSTONE BELT TMI/GRV VD1 TMI VD1 PAGE 16
Slide 17: Bullfinch North Project - Au (Ni/Cu/Co)
BULLFINCH NORTH PROJECT -Au (Ni/Cu/Co) Northern Southern Cross Greenstone Belt Detailed compilation of historical drilling, geochemistry and geophysical data in progress High grade gold at historic Maries Find - Greater Bingin gold mine a primary target 3-D Induced Polarisation survey along
Slide 18: Bullfinch North Bingin-Maries Find
BULLFINCH NORTH Bingin-Maries Find Bingin-Marie’s Find line of workings on northern margin of Manxman Granite intrusion On peninsular jutting out into Lake Deborah West Shear hosted quartz-sulphide lode system 290m long at surface, hosted within Archaean mafic volcanics Underground mines wor
Slide 19: Southern Cross Belt Expansion
SOUTHERN CROSS BELT EXPANSION Due Diligence Period & Option to Purchase Spartacus Exploration Pty Ltd Tenements: Trough Well West ELA77/2652, Elvire ELA77/2651 & Carina ELA77/2653 Terms $29,000 cash for exclusive Due Diligence Ramelius period, with 2 months post grant of Elvire ELA77/2651 to
Slide 20: Perenjori Potash - Location and Concept
PERENJORI POTASH - Location and Concept Major drainage systems originated when the Yilgarn was uplifted 56 – 34 million years ago Climate was wetter & 300-400km long rivers cut deep channels into weathered land surface Weathering products of granites (SiO2, clay) & solutions of K, Ca & other m
Slide 21: Perenjori Potash Search
PERENJORI POTASH SEARCH Digital terrain data helps define valleys Radiometrics help define channels Enterprise’s tenement applications cover a total area of 697 km2 PERENJORI POTASH PROJECT PAGE 21
Slide 22: Perenjori Potash - The Model
PERENJORI POTASH - The Model Airborne EM defines the deep palaeochannels where brines are located Large salt lakes formed in places along the ancient river systems, but brines within the deep valleys are the primary exploration targets PAGE 22
Slide 23: Perenjori Potash – A Great Location
PERENJORI POTASH – A Great Location For bulk commodities, installed infrastructure is the key Perenjori area well serviced with a 245km railway from Perenjori to the port of Geraldton Established infrastructure including power in the nearby wheatbelt towns of Morawa and Perenjori PERENJORI POT
Slide 24: Perenjori Potash - Next steps
PERENJORI POTASH - Next steps Negotiate access agreements with landholders (pastoral, Gov’t & Native Title holders). Obtain local community support for exploration and potential In Situ Recovery (“ISR”) of “hypersaline fluids”. Obtain grant of title. Lodge Programs of Work for drill testing,
Slide 25: Directors
Directors Name Role Background Dr Allan Trench Non-Executive After commencing his career as a geologist with WMC, Dr Trench worked as a business BSc (Hons) PhD Chairman consultant for McKinsey and Co, then as a manager at KCGM Pty Ltd and Woodside (Geophysics) MSc Petroleum. Currently he is a consul
Slide 26: Competent Person Statement
Competent Person Statement This Presentation (Report) contains references to exploration results which have been reported in previous market announcements made by the Company. The Company confirms that it is not aware of any new information or data that materially affects the information included in
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