Enterprise Metals Limited · ASX:ENT
Enterprise Metals — Mines and Money Hong Kong 2015
31 slides from Enterprise Metals's conference presentation, March 2015
Slide 1: Mines and Money Hong Kong
MINES AND MONEY HONG KONG March 2015
Slide 2: Important Information
Important Information Disclaimer This presentation has been prepared by Enterprise Metals Limited (“Enterprise”) and is current at the date of the presentation is delivered. The presentation is in summary form and does not purport be all inclusive or complete. Recipients should conduct their own inv
Slide 3: Enterprise is focussed on:
Enterprise is focussed on: Yilgarn Craton & surrounding Proterozoic basins and orogens Volcanic & sediment hosted base metal deposits Doolgunna Magmatic nickel-copper sulphide deposits Fraser Range Greenstone hosted gold & base metal deposits Darlot Mines and Money Hong Kong 2015 | PAGE 3
Slide 4: Tightly held – low enterprise value
Tightly held – low enterprise value Capital Structure Share Price & Volume Share Price (close 18 March 2015) A$ 0.02 Shares on Issue # 265,908,276 Options on Issue 1 # 36,262,500 Market Capitalisation A$m $5.3m Cash 2 A$m $0.52m Debt A$m Nil Enterprise Value 3 A$m $4.8m 1. Three tranches of options
Slide 5: Directors & Senior Management
Directors & Senior Management Name Role Background Dr Jingbin Wang Non-Executive Dr Wang is Executive Director of China Nonferrous Metals Resource Geological Survey, a position he has held BSc, MSc, PhD Chairman since 2003. He has also held the title of Vice-President of the China Nonferrous Metals
Slide 6: Overview
OVERVIEW Significant landholding in 3 of the best exploration addresses Doolgunna 100% Fraser Range 30% free carried to completion of BFS (AON sole fund) Darlot 100%, but IGO funding to earn up to 70-80% Extensive geophysical & geochemical exploration undertaken, but limited drilling 201
Slide 7: Doolgunna Project
Doolgunna Project ~1,000km2 100% owned* Background 1942-53: Small scale Cu mining 1950-66: Horseshoe Cu/Au mine 1955-71: Thaduna Cu mine 2009: Sandfire “DeGrussa” VMS 2013: Sipa “Enigma” SEDEX 2014: ENT VMS & SEDEX targets Highly prospective for VMS and SEDEX Cu-Zn (+Au) deposits P
Slide 8: Doolgunna – Geology
Doolgunna – Geology Ore-control factors: Structural control: Intersection of NE- striking Goodin and SBF faults with NW striking cross-cutting faults Mineralisation source BORG and fluids: Copper sourced from mafic volcanics, medium - low temperature fluids, heated by radioactivity from Archaean gra
Slide 9: Prospecting Indicators
Prospecting Indicators Structure: NE-striking Goodin and SBF faults, with major NW striking cross cutting faults, Vulcan associated with: Pathfinder Elements in Maglag samples Te: Tellurium Bi: Bismuth Sb: Antimony W: Tungsten Mo: Molybdenum Sn: Tin Enrichment at surface. Cu(Zn): Depletion in regoli
Slide 10: ENT's Vulcan: in SFR's Prospective Corridor
ENT’s VULCAN: in SFR’s “Prospective Corrridor” TLM: ASX Release 20 Dec 2013 TLM: ASX Release 28 Jan 2015 “SFR earning 70% by spending $15M over 5.5 yrs…” “…3rd & 4th phases of FLEM commenced in early January… “ Inset SFR: ASX Release 17 April 2014 ENT: ASX Release 31 Oct 2013 Gossan from Vulcan cost
Slide 11: Doolgunna – SEDEX Search Criteria
Doolgunna – SEDEX Search Criteria Tectonic setting Yerrida Basin Rift, sag, deformation Capricorn Orogen Source rocks Volcanics – basalts, etc Copper rich Heat flow Archaean Goodin Dome Hydrothermal systems Major Structures Southern Boundary Fault Basin bounding faults Goodin Fault Favourable Hosts
Slide 12: Maglag Surface Geochemistry
Maglag Surface Geochemistry Initial Maglag at 1km x 1km spacing Broad multi-element anomalies identified (Te, Bi, Sb, Mo, As, W, etc) 2014: Infill Maglag sampling (250m x 250m) Tellurium Maglag Geochem “Tellurium often occurs with large gold deposits & copper sulphide deposits “ ENT: ASX relea
Slide 13: 2014 RC Drilling
2014 RC Drilling Scout RC drilling of Maglag Scout RC drilling of Targets A – F geochem/GEM/ gravity targets 36 RC holes for 4,166 metres First drill test of fresh Doolgunna Fm sediments “Drilling & analyses show the combined gravity/EM features are sedimentary units with disseminated & vein
Slide 14: Borg Prospect
Borg Prospect VTEM & GROUND EM & Te GEOCHEM BOUGUER GRAVITY IMAGE ENT: ASX release 21 July 2014 ENT: ASX release 11 August 2014 Mines and Money Hong Kong 2015 | PAGE 14
Slide 15: Borg Prospect
Borg Prospect MAGLAG GEOCHEMISTRY 3km x 3km anomaly Highly anomalous Te Coincident with other base metal pathfinder elements Bounded by SBF & Goodin Fault 2015 Drilling* target *Borg Drilling program to be Co-funded by WA State Gov’t/DMP EIS Scheme ENT: ASX release 11 August, 8 Sept 2014 M
Slide 16: Borg - Polymetallic signature
Borg - Polymetallic signature ENT: ASX release 11 August, 8 Sept2014 Mines and Money Hong Kong 2015 | PAGE 16
Slide 17: Borg Prospect - CODES
Borg Prospect - CODES LASER ABLATION OF PYRITE R & D: Centre for Excellence in Ore Deposits (CODES, Tasmania) Laser Ablation System coupled with ICP-MS Analysed pyrites in drill holes BGRC004 & BGRC014 for base metal pathfinder elements Two disseminated pyrite bands stood out in terms of che
Slide 18: Gold - Tellurium Relationship in Pyrite
Borg Prospect – Pyrite Analyses Gold - Tellurium Relationship in Pyrite (Degrussa and Johnson Cairn data from CODES-GSWA pyrite Database) Mines and Money Hong Kong 2015 | PAGE 18
Slide 19: Borg Prospect – RC Drill Chips
Borg Prospect – RC Drill Chips* BGRC004 113m - 116m Laminated sulphides in carbonates & black shales BGRC014 84m - 88m Matrix sulphides in quartzites *2014 drilling program Co-funded by WA State Gov’t/DMP EIS Scheme ENT: ASX release 8 July 2014 Mines and Money Hong Kong 2015 | PAGE 19
Slide 20: Fraser Range Project
Fraser Range Project Fraser Range History: 1965-1971: Newmont 1995-2008: Creasy et al 2012: Sirius - Nova discovery ENT 2009-2013: Aeromag, soil sampling & AEM ENT 2014: Plato: 6 hole RC/DC, NiS intersected 39 FLEM ground surveys 6 RC drill holes Plato South Potential for Ni/Cu depos
Slide 21: Gravity Ridge – The Choice Area
Gravity Ridge – The Choice Area Regional gravity image highlights the Albany-Fraser Orogen as the place to be ENT/AON JV ground is largely on the high-gravity areas The high-gravity areas (red- orange colours) equate to the more dense iron rich (mafic /ultramafic) rocks, which are highly prosp
Slide 22: Multiple Target Areas - close to SIR Tenure
Multiple Target Areas - close to SIR Tenure ENT/AON ground is well placed with respect to Sirius tenements, over core of gravity high, interpreted to be a large layered mafic complex Sirius Resources’ Tenements & JV’s Source: Sirius Resources NL SIR: ASX release 28 January 2015 Mines and Money Hong
Slide 23: Geochemistry Prioritised Areas
Geochemistry Prioritised Areas Multi-element regional soil geochemical analysis completed [800m x 400m] Coincident multiple Ni-Cu-Co results from six target areas Infill sampling completed [200m x 100m] Geochemically anomalous areas coincident with magnetic/AEM features Plato selected as 1
Slide 24: Plato - First Target Drill Tested
Plato - First Target Drill Tested* Plato soil geochem data over Ni magnetic “low”, co-incident with elevated nickel, copper, cobalt Magnetic “low” interpreted as olivine gabbronorite unit/intrusive within mafic complex *2014 Plato Drilling program Co-funded by WA State Gov’t/DMP EIS Scheme ENT:
Slide 25: Plato Maiden Drilling Program
Plato Maiden Drilling Program Initial success with RC drilling From To Interval Ni Cu Co S MgO PLRC003 (m) (m) (m) (ppm) (ppm) (ppm) (%) (%) 208 270 62 2,100 596 120 0.75 13.9 Incl. 231 251 20 2,970 909 145 1.15 14.7 Incl. 231 234 3 3,970 1,123 170 1.45 15.2 Incl. 246 247 1 3,748 1,480 147 1.48 12
Slide 26: HeliTEM: Deep weathering & palaeochannels
HeliTEM: Deep weathering & palaeochannels Ni/Cu sulphides in olivine gabbronorite at Plato Olivine gabbronorites more easily weathered due to olivine and sulphide content HeliTEM survey identified areas of deeper weathering & shallow palaeochannels, where soil sampling may be ineffective FLE
Slide 27: Fraser Range – Multiple Prospects
Fraser Range – Multiple Prospects Plato: Ni/Cu sulphides in olivine gabbronorite unit/intrusive within layered mafic complex Olivine gabbronorite characterised by distinct magnetic lows FLEM surveys at Plato, Plato East, Oceanus & Highway Next steps: Geophysics & drilling ENT: ASX release 27
Slide 28: Highway Geophysics
Highway Geophysics Soil sampling detected coincident Ni-Cu-Co-As anomaly: max values 114ppm Ni, 56ppm Cu, 27ppm Co, 212ppm As As anomaly coherent & coincident with Bi, Mo, Ni, Plan of Ni Soil Geochemistry Pb & Sb & is centered over a large magnetic low Proposed RC/DC Drilling 2014 Fixed Loop E
Slide 29: Oceanus Geophysics
Oceanus Geophysics Magnetic low possibly indicates ultramafic intrusive (eg Plato, Crux, Mt Ridley) Fixed Loop EM suggests conductor associated with deep palaeochannel Plan of Ni Soil Geochemistry EM conductor coincident with magnetic low, possibly Proposedof reflects deep weathering RC/DC Dri
Slide 30: Darlot Project - Overview
Darlot Project - Overview 740km2 of Archaean Yandal greenstone belt Proven gold & base metal endowment Independence Group (ASX:IGO) JV Minimum $0.5M in Year 1, completed A 51% interest by spending $1.7M, Up to 70 - 80% interest by sole funding pre-feas study on JORC Resource 60km from
Slide 31: Competent Person Statement
Competent Person Statement The information in this Presentation (Report) that relates to Exploration Results is extracted from Public (ASX) Reports previously published by Enterprise Metals Limited which are available for viewing on the ASX and ENT websites. The information in this Presentation that