Cyprium Metals Limited · ASX:CYM
Cyprium Metals — Investor Presentation (December 2019)
30 slides from Cyprium Metals's investor presentation, Dec 16, 2019
Slide 1: Investor Presentation December 2019
INVESTOR PRESENTATION DECEMBER 2019 ABN: 48 002 678 640 ASX: CYM Website: www.cypriummetals.com
Slide 2: Disclaimer
Disclaimer This presentation (Presentation) has been prepared by Cyprium Metals Limited based on information available to it and from third party sources. By retaining this Presentation, you (the Recipient) acknowledge and represent to Cyprium Metals Limited that you have read, understood and accept
Slide 3: JORC Statements and Exploration Results
JORC Statements and Exploration Results Competent Person Statement The information in this document that relates to Exploration Targets, Exploration Results, Mineral Resources and/or Mineral Reserves is an accurate representation of the available data and is based on the information compiled by Mr P
Slide 4: Corporate Snapshot
Corporate Snapshot Capital Structure Board and Management ASX Ticker CYM Non- Executive Chair Gary Comb Share Price (13 December 2019) A$0.23 Executive Director Barry Cahill Shares on Issue 56M Non-Executive Director Nicholas Rowley Market Cap (A$M) A$12.9M CFO and Company Sec Wayne Apted Performanc
Slide 5: Cyprium Overview
Cyprium Overview • Cue Copper Project includes Mineral Resources1 at Hollandaire and high priority drill targets • Increase scale of Mineral Resources1 whilst undergoing metallurgical test-work • Highly credentialed executive management team • Focus to acquire and develop projects with existing copp
Slide 6: Cyprium Executive Team
Cyprium Executive Team Gary Comb Mr Comb is an engineer with over 30 years’ experience in the Australian mining industry, with a strong track record in successfully commissioning and operating base metal mines. He was Chairman of Finders Resources Limited from 2013 until its takeover in 2018. Mr Com
Slide 7: Cue Copper Project
Cue Copper Project • The project acquired with a copper Mineral Resource1 • Originally explored by Silver Lake Resources who discovered Hollandaire in 2011 • Minimal base metals exploration undertaken by previous mineral explorers as they were more focused on gold • Initial review of the mineralogy
Slide 8: Hollandaire Drill Programmes
Hollandaire Drill Programmes Metallurgical Holes completed2 September 2019 Resource Extension Holes completed5 September 2019 2Information pertaining to the intercepts were taken from an ASX Release by Cyprium Metals on 14 October 2019. 8
Slide 9: Hollandaire Mineralisation
Hollandaire Mineralisation • Hollandaire was discovered in 2011 by Silver Lake Resources • A follow up drill campaign led to a maiden Resource1 Estimate (JORC 2004) • Historical Indicated Resource1 (JORC 2004) of 1.9Mt @ 2.0% Cu • Best intercepts3 include • 9.3m @ 15.4% Cu, 2.0g/t Au & 29.0 g/t Ag f
Slide 10: Metallurgical Testwork
Metallurgical Testwork • Column test work on Hollandaire massive sulphide mineralisation • Test work conducted to determine optimal copper extraction method • Copper has leached into solution at room temperature • Solution produced within one hour • Test work ongoing • Further columns utilizing diff
Slide 11: Hollandaire West
Hollandaire West • Mineralisation is open at depth, to the west and partially to the east • Best historical mineralisation intercepts4 include; • 15m @ 2.5% Cu, 0.4g/t Au (drill hole 13HORC095), • 12m @ 2.2% Cu, 0.2g/t Au (drill hole 13HORC080), • 10m @ 3.3% Cu, 0.3g/t Au (drill hole 13HORC088), • 9
Slide 12: Hollandaire West
Hollandaire West • CYM Phase 1 drilling completed • Best mineralisation intercepts5 include; • 5m @ 2.3% Cu in drill hole 19HORC006 from 50m downhole including: • 3m @ 3.4% Cu with 0.3 g/t Au and 13.3 g/t Ag from 51m; • 16m @ 0.8% Cu from 59m including: • 7m @ 1.4% Cu with 0.1 g/t Au and 17.5 g/t Ag
Slide 13: Exploration Potential
Exploration Potential Rapier West Rock Hand Specimen October 2019 Eelya South Rock Hand Specimen October 2019 13
Slide 14: Eelya South Surface Sampling
Eelya South Surface Sampling • CYM high grade copper surface samples • Best mineralisation assays6 include; • 19.7% Cu in surface sample ES13 including 0.9 g/t Au and 32.5 g/t Ag • 14.5% Cu in surface sample ES11 including 2.7 g/t Au and 14.0 g/t Ag • 11.4% Cu in surface sample ES15 including 0.7 g/
Slide 15: Eelya South Drill Programmes
Eelya South Drill Programmes • RC drilling programme at the Eelya South prospect conducted during November and December 2019. • It is being conducted in multiple phases to allow for the mineralisation results from the assays to be included in the planning for the subsequent drilling programmes. • Th
Slide 16: Eelya South Drill Rock Chips
Eelya South Drill Rock Chips Eelya South RC Drilling Rock Chips: ESRC001 39-40m Eelya South RC Drilling Rock Chips: ESRC001 38-39m 16
Slide 17: Completed Work Programme 2019
Completed Work Programme 2019 • Hollandaire resource extension phase 1 of 4,038 metres of RC drilling, assays received • Hollandaire metallurgical drilling 330 metres diamond drilling, assays received • Twinned diamond and RC holes to check the mineralised intersections • Regional geochemical sampli
Slide 18: Next Steps 2020
Next Steps 2020 • Further column tests have commenced and results expected early 2020 • Metallurgical diagnostic testing results • Regional targets assay results to be received from January 2020 • Regional drilling programme at the Eelya South prospect • Regional drilling programme at the Rapier pro
Slide 19: Mount Eelya
Mount Eelya • Mt Eelya cross-section showing drillhole intersections and interpreted gossan/ sulphide relationships • Mt Eelya 3D block diagram showing drill holes, significant intersections, gossans, VTEM conductors and DHEM targets • Best intercepts7 of; • 7m @ 9.3% Zn, 1.1% Cu, 11.3g/t Ag from 29
Slide 20: Colonel & Colonel East
Colonel & Colonel East 7Information pertaining to the diagrams and intercepts were taken from an ASX Release by Musgrave Minerals on 26 June 2017. 20
Slide 21: Exploration Potential
Exploration Potential • Tenements considered highly prospective for further mineralisation - identified targets for ranking and investigation in 2020 • Potential to increase mineral resources1 • Ongoing review of regional tenements to add to mineral resources1 • Geophysical and geochemical programme
Slide 22: Appendices
APPENDICES —» CYPRIUM
Slide 23: Cue Copper Mineral Resources
Cue Copper Mineral Resources 30 June 2013 Indicated Resources Inferred Resources Total Resources JORC 2004 Ore Tonnes Grade Total Tonnes Ore Tonnes Grade Total Tonnes Ore Tonnes Grade Total Tonnes ‘000s % Cu 000s ‘000s % Cu 000s ‘000s % Cu 000s Hollandaire Copper 1,891.3 2.0 37.1 122.4 1.4 1.6 2,013
Slide 24: Cue Exploration History
Cue Exploration History • Copper mineralised gossan’s identified in the early 1970s • Westgold Resources and Tectonic Resources explored the area from the 1980s to 2007 • Focussed on gold exploration • Silver Lake Resources acquired the project from Tectonic Resources in 2007 • Focussed on gold but
Slide 25: Cue Exploration History
Cue Exploration History • Initial work by Musgrave focussed on electromagnetic re-interpretation and drilling at Hunky Dory, Mt Eelya and extensional work at Hollandaire • Significantly the first hole at Mt Eelya7 intersected 8 metres of massive sulphides assaying 1.6% Cu. A subsequent hole intersec
Slide 26: Cyprium Exploration Strategy
Cyprium Exploration Strategy • Hollandaire extensional drilling to increase the resource1 base where known resources are open in a number of directions • Project review over many prospects are being prioritised for further investigative field work • Geophysics to be conducted on known conductors and
Slide 27: Key Portfolio Criteria
Key Portfolio Criteria • Focused on Australian projects • Projects preferably to have sulphide mineralisation with high sulphide content – copper or polymetallic with copper (pyrite, pyrrhotite etc) • Projects to have an existing copper resources with growth potential • Sulphide Heap Leach (SHL) is
Slide 28: Copper Sulphide Heap Leach (SHL)
Copper Sulphide Heap Leach (SHL) • Heap leach of copper sulphide minerals • Sulphide leaching produces heat (exothermic) and acid • Heap temperatures are controlled by aeration and water irrigation rates • Leached copper in solution is processed by solvent extraction-electrowinning (SX-EW) • LME Gra
Slide 29: Benefits of SHL
Benefits of SHL • Low operating costs - simple process that requires acid, power and water • Power is the main processing cost with low reagent costs • Modest capital requirements for project development and construction - no concentrator or tailings dam • Final product is LME grade copper cathode -
Slide 30: Copper Sulphide Heap Leach
Copper Sulphide Heap Leach 30
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