Empire Resources Limited · ASX:ERL
Empire Resources — Investor Presentation (August 2019)
19 slides from Empire Resources's investor presentation, Aug 20, 2019
Slide 1: Empire Resources Limited – Focussed on Value
For personal use only Empire Resources Limited Focussed on Value Investor Presentation August 2019
Slide 2: Disclaimer
Disclaimer For personal use only This presentation is for information purposes only. This presentation has been prepared by Empire Resources Limited (“Empire” or the “Company”) and contains general background information about Empire’s activities current as at the date of this presentation (“Informa
Slide 3: Highlights
Highlights For personal use only Quality ground holding • Yuinmery Cu-Au Project 1 ➢ Existing 2.5Mt @ 1.3% Cu & 0.5g/t Au JORC Resource ➢ Large database of historical drilling compiled, geological review underway ➢ Multiple gold and polymetallic targets identified • Penny’s Find ➢ Royalty income fro
Slide 4: Investor Dashboard
Investor Dashboard For personal use only Capital Structure (16/08/2019) Share Price Performance Share Price $ 0.010 FPO Shares Outstanding m 621,814,690 Cash & Tradeables $m 2.88 Debt* $m 1.50 Market Capitalisation $m 6.22 *$1.5M unsecured loan refer ASX:ERL announcement 11 July 2019 Shareholder Dis
Slide 5: Project Locations
Project Locations For personal use only • +218km2 of tenements • Yuinmery (Cu-Au) – 83.7km2 ➢ 370km NE of Perth ➢ 7km to Youanmi Mine Site • Penny’s Find (Au) – 22.4km2 ➢ 45km NE of Kalgoorlie ➢ 26km to Kanowna Gold Mine • Barloweerie (Zn-Pb-Ag-Au) ➢ 112km2 application ➢ 150km West of Cue 5
Slide 6: Yuinmery
Yuinmery For personal use only • 83.7km2 tenement package (including EVO option) • Polymetallic VMS and orogenic gold styles of mineralisation • Just Desserts JORC Resource - 2.5Mt @ 1.3% Cu & 0.5g/t Au • +110,000m of historical drilling and +10,000 geochemical samples compiled for the first time •
Slide 7: Yuinmery
For personal use only Yuinmery 7
Slide 8: Yuinmery – Just Desserts
Yuinmery – Just Desserts For personal use only 8
Slide 9: Yuinmery – Just Desserts
Yuinmery – Just Desserts For personal use only • JORC 2012 Compliant Resource 2.5Mt @ 1.3% Cu & 0.5g/t Au • Initial Metallurgy Results1 ➢ 95% Cu & 85% Au recovery to 8-10% Cu rougher concentrate ➢ 85-93% Cu recovery to ~15% Cu cleaner concentrate • Preliminary Mining Studies2 ➢ Demonstrate potential
Slide 10: Yuinmery – A Zone
For personal use only Yuinmery – A Zone 10
Slide 11: Yuinmery – YC5
For personal use only Yuinmery – YC5 11
Slide 12: Penny's Find
Penny’s Find For personal use only • 22.4km2 tenement package within Eastern Goldfields 1 • Empire mined 138,272 tonnes @ 4.47g/t Au for 18,356oz 2 • Mining Tenement M27/156 sold to Orminex (ASX:ONX) ➢ $600,000 in 3 equal staged payments (1 st payment received) ➢ 5% Net Smelter Royalty for first 50,
Slide 13: Penny's Find – Extensive Geological review underway
Penny’s Find For personal use only • Extensive Geological review underway • Multiple targets identified ➢ 14m @ 2.0g/t Au in RAB ➢ 4m @ 0.8g/t Au in RAB ➢ >500ppb geochemical anomalies • Along strike of Penny’s Find 13
Slide 14: Barloweerie
Barloweerie For personal use only • 112km2 tenement in application ➢ Approval pending Heritage Protection Agreement (HPA) • VMS style mineralisation ➢ Multiple historical Zn-Pb-Ag-Au targets • Historical shallow RAB drilling at Sandford prospects ➢ 5m @ 4.8% Zn, 1.6% Pb & 55g/t Ag from 38m ➢ 20m @ 6
Slide 15: Barloweerie – Sanford
Barloweerie For personal use only • Sanford 1 ➢ 5m @ 4.8% Zn, 1.6% Pb & 55g/t Ag ➢ 21m @ 82.5g/t Ag, including: ➢ 5m @ 1.2% Pb, ➢ 10m @ 0.7% Zn and 1m @ 1.8% Zn ➢ 9m @ 2.1% Zn & 77.0g/t Ag • Sanford 2 ➢ 2m @ 3.6g/t Au, 62.0g/t Ag, 1.5% Zn & 1.5% Pb ➢ 0.3m @ 12.1g/t Au & 100.0g/t Ag ➢ 57.0g/t Au & 64
Slide 16: Barloweerie
Barloweerie For personal use only • Barloweerie ➢ 2.7g/t Au & 417ppm Cu rock chip ➢ 1.8g/t Au & 260ppm Cu rock chip ➢ 8m @ 0.4g/t Au & 262ppm Cu from 28m • South Barloweerie ➢ 1m @ 1,012ppm Cu & 100ppm Pb from 84m ➢ 1m @ 0.5g/t Au, 172ppm Cu & 155ppm Zn from 84m Source: Open file WAMEX open file rep
Slide 17: Investments
Investments For personal use only NTM Gold Limited (ASX:NTM) • Strategic investment 1 ➢ $1.5M for 8.7% post completion • Highly prospective landholding2 ➢ Existing 538koz JORC Resource ➢ 1.38Moz to 2.24Moz Exploration Target (including Resource) ➢ Proximal to 4 existing gold operations • Efficient a
Slide 18: Summary
Summary For personal use only • Excellent package of projects ➢ +218km2 of tenements ➢ Multi-commodity: Au, Cu-Au & Zn-Pb-Ag-Au ➢ Advanced exploration: Greenfields through to existing JORC Resources • Investment approach to exploration ➢ Identify internal and external opportunities ➢ Alignment to Em
Slide 19: Appendix I – Just Desserts Copper-Gold Resource April 2016
Appendix I For personal use only 1 Just Desserts Copper-Gold Resource April 2016 JORC Resource to depth of 170m at 0.5% Cu lower cut off Indicated Inferred Total Weathering Tonnes Cu% Au g/t Ag g/t Tonnes Cu% Au g/t Ag g/t Tonnes Cu% Au g/t Ag g/t Partial 97,000 1.05 0.30 0.98 65,000 1.43 0.18 2.21
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