Eagle Mountain Mining Ltd. · ASX:EM2
Eagle Mountain Mining — Investor Presentation (December 2020)
28 slides from Eagle Mountain Mining's investor presentation, Dec 3, 2020
Slide 1: Investor Presentation – ASX Announcement
ASX Announcement | 3 DECEMBER 2020 For personal use only Investor Presentation Eagle Mountain Mining Limited (ASX:EM2) (“Eagle Mountain” or “the Company”) attaches an updated Investor Presentation for the information of shareholders. For further information please contact: Tim Mason Mark Pitts BEng,
Slide 2: Oracle Ridge - Revival of a high-grade copper mine
For personal use only Oracle Ridge - Revival of a high-grade copper mine ASX : EM2 | December 2020
Slide 3: Oracle Ridge Aim & Exploration Strategy
Oracle Ridge AIM & Exploration Strategy Eagle Mountain Mountain aims to create a low cost, For personal use only low emission, sustainable mining operation to supply copper to the growing green energy sector. To support this aim, Eagle Mountain is focusing on expanding the Resource base: 1. Incremen
Slide 4: Arizona - major copper projects
Arizona - major copper projects Multiple significant copper deposits within Arizona have been mined for decades. For personal use only The source of mineralisation at Oracle Ridge has not been found – remains a key exploration focus for the Company Oracle Ridge shares many similarities with other ma
Slide 5: Investment summary
Investment summary Existing high-grade copper Mineral Resource Estimate Principal Geologist, Brian For personal use only Paull, with Core from Hole 6* (MRE) (NI43-101) with significant gold and silver Significant exploration potential with a new exploration strategy at Oracle Existing mine, un
Slide 6: An Emerging Copper Company
AN EMERGING COPPER COMPANY Eagle Mountain holds two complementary copper projects located in Arizona, a tier-one Silver Mountain For personal use only mining jurisdiction • Clear corporate focus on copper - strong leverage to strengthening fundamentals • Experienced Board and management team with sk
Slide 7: Oracle Ridge Copper Mine - Overview
ORACLE RIDGE COPPER MINE - OVERVIEW For personal use only • High grade copper with significant gold and silver • Significant Mineral Resource Estimate (NI43-101) See ASX Announcement 29 Oct 2019, refer Appendix 1 • Extensive infrastructure to support future mining operation: • 18km of underground de
Slide 8: Oracle Ridge - drilling program update
Oracle Ridge - drilling program update For personal use only • Priority assays received for four diamond drill holes from outside the existing Mineral Resource Estimate (NI43-101) with the following strong results: • 4.56m at 5.28% Cu, 50.7g/t Ag, 0.77g/t Au including • 0.93m at 13.05% Cu, 127g/t Ag
Slide 9: Oracle Ridge – Previous drilling
Oracle Ridge – Previous drilling For personal use only • Previous drilling intercepts* include: • 7.7m @ 5.11% Cu, 0.72g/t Au, 55.8g/t Ag • 7.6m @ 4.63% Cu, 0.74g/t Au, 43.06g/t Ag • 9.1m @ 3.97% Cu, 1.04g/t Au 29.89g/t Ag • 18m @ 2.84% Cu, 0.42g/t Au, 24.8g/t Ag • 8.4m @ 3.57% Cu, 0.82g/t Au, 36.75
Slide 10: Significant High Grade Mineral Resources
SIGNIFICANT HIGH GRADE MINERAL RESOURCES Mineralisation at Oracle Ridge Oracle Ridge Mineral Resource Estimate NI43-101 * (1% Cu cut-off) For personal use only Resource Tonnes Cu Ag Au Contained Contained Contained Class (Millions) % g/t g/t Cu, lbs Ag, oz Au, oz (Millions) (Millions) (‘000) Measure
Slide 11: Oracle Ridge – High Grade Copper
ORACLE RIDGE – HIGH GRADE COPPER High grade copper intercepts For personal use only • with significant gold and silver • Multiple ‘stacked’ lodes provide flexibility for mining • Multiple zones thick enough for bulk mining methods, which can potentially reduce costs 10 10 *Refer ASX Announcement 10
Slide 12: Resource Expansion Potential
RESOURCE EXPANSION POTENTIAL Mineralisation remains open along strike in For personal use only multiple directions Significant Exploration Target defined based on: • Previous drilling database of 618 holes (50 holes within the exploration target) • Geological models of mine stratigraphy • Recently c
Slide 13: Growth strategy – recently staked ground near Oracle Ridge
Oracle Ridge - Growth strategy – recently staked ground near oracle ridge For personal use only OREX – Oracle Ridge Extension • Adjacent to Oracle Ridge and similar geology • Prospective for additional skarn- hosted Cu-Ag-Au mineralisation Strong geophysical below and within the anomalies Leatherwoo
Slide 14: Growth strategy - OREX
Oracle Ridge - Growth strategy - OREX • Magnetic anomalies For personal use only 9.15% Cu, 192 g/t Ag • Skarn-hosted Cu-Ag-Au mineralisation and 0.15g/t Au - Dump potential in sediments below the Leatherwood intrusive • Cu-Ag-Au mineralisation potential in structures within the Leatherwood • Field o
Slide 15: Exploration Potential at Depth
EXPLORATION POTENTIAL AT DEPTH For personal use only Eagle Mountain is the first group to undertake oriented core at Oracle Ridge with the aim of defining structures – the ‘plumbing system’ of major Arizona copper projects ? Oracle Ridge – Conceptual Geological Model 14 Note - The Section shown is b
Slide 16: Oracle Ridge – existing mine infrastructure
ORACLE RIDGE – existing mine infrastructure For personal use only • Excellent ground conditions • The project has significant infrastructure in place including ~18km of underground development, access roads, tailings dam, underground electrical and water services • Ore body is accessible 15 Photos t
Slide 17: Enhanced Restart Potential
ENHANCED RESTART POTENTIAL Studies Existing electrical infrastructure For personal use only • Various technical studies completed including at Oracle Ridge Environmental, Metallurgical, Processing, Geotechnical, Mining & Infrastructure Permits • Several permits required for mining previously secured
Slide 18: Oracle Ridge – ongoing and future activities
ORACLE RIDGE – ongoing and future activities For personal use only Q4 2020 Q1 2021 Q2 2021 Resource Expansion Drilling Resource Expansion Drilling Resource Expansion Drilling • Ongoing drilling to expand known • Ongoing drilling to expand known • Ongoing drilling to expand known resource resource re
Slide 19: The Silver Mountain Project
THE SILVER MOUNTAIN PROJECT Phase One drilling at Silver Mountain has confirmed For personal use only • prospectivity of Project • Project hosts multiple historic copper / gold mining operations with copper grades up to 10% and gold up to 10g/t • Drilling identified highly anomalous assay values and
Slide 20: Corporate Overview
CORPORATE OVERVIEW Key Metrics 12 Month EM2Share SharePrice Price For personal use only 0.50 3.0 0.45 ASX Code EM2 2.5 Trading Volume (millions) 0.40 Share Price (A$/sh) Shares on Issue 148.5m (1 Dec 2020) 0.35 2.0 Share Price $0.345 (1 Dec 2020) 0.30 0.25 1.5 Cash (approximate) $1.7m (30 Sept 2020)
Slide 21: Exposure to Strengthening Copper Fundamentals
EXPOSURE TO STRENGTHENING COPPER FUNDAMENTALS For personal use only Growing demand forecast • Increasing demand for less carbon intensive technologies • On average, renewable energy systems require 5x more copper vs conventional power generation • Electric vehicles require 3 x more copper than conve
Slide 22: Contributing to a better future
Eagle Mountain Mining – Contributing to a better future For personal use only Eagle Mountain Mining’s objective is to create a low cost, low emission, sustainable mining operation to supply copper to the growing green energy sector. Environment Community diversity Health & safety Closure of the tail
Slide 23: Experienced Board & Management Team
EXPERIENCED BOARD & MANAGEMENT TEAM For personal use only TIM MASON • 18 years experience in RICK CRABB • 37 years experience in various corporate, mining mining, corporate and CHIEF EXECUTIVE NON-EXECUTIVE & engineering roles commercial law OFFICER CHAIRMAN CHARLES BASS • Entrepreneur & Business Ex
Slide 24: A Compelling Copper Proposition
For personal use only A COMPELLING COPPER PROPOSITION Maiden drill program recently commenced at Oracle Ridge Copper Project A experienced board and management team with a proven track record Arizona is a world class copper jurisdiction, responsible for 65% of copper output from the United Sta
Slide 25: Important Information
Important InformatIon For personal use only P u r p o s e o f p r e s e n t a t I o n : This presentation has been prepared by Eagle Mountain Mining Limited (ACN 621 541 204) (Eagle Mountain) and should be read in conjunction the Company’s Annual Report, issued by Eagle Mountain 30 October 2019 and
Slide 26: Important Information – Competent Person Statement
Important InformatIon For personal use only COMPETENT PERSON STATEMENT The information in this document that relates to historical technical information about the Oracle Ridge Copper Mine including the exploration target is based on, and fairly represents information and supporting documentation com
Slide 27: Contact Information
For personal use only CONTACT INFORMATION A Ground Floor, 22 Stirling Highway Nedlands, Western Australia, 6009 E info@eaglemountain.com.au W eaglemountain.com.au
Slide 28: Appendix – Mineral Resource Estimation
APPENDIX 1 Mineral Resource Estimation The resource estimates provided in this presentation have been taken from the 31 March 2014 Independent Technical Report for the Oracle Ridge Project prepared by Dr Gilles Arseneau, P.Geo, principal of Arseneau Consulting Services Inc. (refer ASX announcement 2
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