Enterprise Metals Limited · ASX:ENT

Enterprise Metals — Shareholder Meeting (November 2019)

18 slides from Enterprise Metals's shareholder meeting presentation, Nov 29, 2019

1. Slide 1: Post AGM Presentation

   Post AGM Presentation 29 November 2019

2. 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

3. Slide 3: Capital Structure

   Capital Structure Capital Structure Share Price & Volume Share Price (close 28 Nov 2019) A$ 0.009 Shares on Issue (28 Nov 2019) # 401,412,753 ENT 6months 28 May – 28 Nov 2019 1.2 cent Options on Issue # Nil Market Capitalisation A$m $3.6M 1.0 cent Cash 1 A$m $0.221M 0.8 cent Note 1. At 30 September

4. 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 and discovery” STRATEGY  Strict planning for low cost and highly effective project generation

5. Slide 5: Enterprise’s Projects - West Australia

   Enterprise’s Projects - West Australia MURCHISON Au & Cu/Zn  Evolution Mining (EVN) Murchison JV  EML 100% funding & operating  EML 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

6. 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

7. Slide 7: Murchison - Magnetic Image with Colour Gravity

   MURCHISON - Magnetic Image with Colour Gravity  Detailed airborne magnetic surveys flown by ENT in 2018 & 2019  Detailed ground gravity survey completed by Evolution (5, 927 stations)  Orientation aircore program completed (24 holes/ 889m)  Aircore drilling programs planned for Big Bell Shear Zo

8. 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

9. Slide 9: Murchison - Cu-Au Potential reported by Rumble

   MURCHISON - Cu-Au Potential reported by Rumble  Rumble Resources Ltd (ASX: RTR, 26 Nov 2019) reported “Munarra Gully Project has … a regional structural zone as main control for copper, gold & cobalt mineralisation  Rumble has 3 significant prospects associated with the structure: Munarra North Cu

10. Slide 10: 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 of strike of the southern boundary of the Bryah Basin and the northern part of the Yerrida Basin  The southern Bryah Basin contains the K

11. Slide 11: Fraser Range - JV with Constellation Resources

    FRASER RANGE - JV with Constellation Resources 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 NOVA BOLLINGER MINE  39 FLEM ground surveys  6 RC dri

12. Slide 12: 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

13. Slide 13: 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 13

14. Slide 14: 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 14

15. Slide 15: Perenjori Potash – A Great Location

    PERENJORI POTASH – A Great Location  For bulk commodities, installed infrastructure is the key  Perenjori area is 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

16. Slide 16: 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,

17. Slide 17: 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

18. Slide 18: 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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