Hammer Metals Limited · ASX:HMX
Hammer Metals — Australian Energy and Minerals Investor Conference 2019
26 slides from Hammer Metals's conference presentation, Mar 28, 2019
Slide 1: Hammer Metals Limited
Hammer Metals Limited ABN. 87 095 092 158 Australian Energy and Minerals Investor Conference Hammer Metals Limited March 28th, 2019 Suite 1, 827 Beaufort Street Mt Lawley Western Australia 6052 P: +61 8 6369 1195 For more information contact: Russell Davis, Chairman - russell@hammermetals.com.au www
Slide 2: Positioned in Two of the World's Great Metal Provinces
Positioned in Two of the World’s Great Metal Provinces Yilgarn Province Mount Isa Province Au Cu-Au-Mo-Re (Mn-C-REE) • Bronzewing South • 2,500km2 tenement holding in • Proposed acquisition* largest base metal province in • Located in heart of 24 Moz the world Yandal Belt • Copper-gold-cobalt- • Und
Slide 3: Directors and Management
Directors and Management The Hammer board has extensive technical and corporate experience Russell Davis Ziggy Lubieniecki Nader El-Sayed Mark Whittle Mark Pitts Chairman Director Director Chief Operating Officer Company Secretary BSc (Hons) MBA MAusIMM, AICD BSc MAIG B.Comm, MA, C BSc Geol Hons, MS
Slide 4: Strategy – Discovery of Tier 1 Gold and Base Metal Deposits
Strategy – Discovery of Tier 1 Gold and Base Metal Deposits Where ? – Two World Class Mining Districts Who ? - Experienced & successful team of explorers • Mount Isa Mining District (QLD) + Eastern Goldfields • Russell Davis (Founding director of Gold Road Limited, (WA) Syndicated Metals Limited and
Slide 5: Mount Isa Province: Range of early stage to advanced projects
Mount Isa Province: Range of early stage to advanced projects • One of the world’s most significant iron oxide copper-gold (IOCG) provinces and hosts almost 30% of the world’s lead-zinc reserves • Close to major players and mines: • Glencore (Mt Isa, George Fisher, Ernest Henry, Lady Loretta) • Sout
Slide 6: Copper-Gold: Jubilee Deposit
Copper-Gold: Jubilee Deposit • Joint Venture with MIM - HMX 51% and operator • 1km from bitumen highway and 55km from Mount Isa • Inferred Mineral Resource estimate – 1.4Mt at 1.41% Cu & 0.62g/t Au • First metallurgical study complete – >90% copper metal recovery to rougher concentrate • Elaine & Ju
Slide 7: Copper-Gold: Elaine Deposit
Copper-Gold: Elaine Deposit Refer to AKN ASX announcement dated October 18th, 2012 Hammer Metals Limited – Battery Metals Conference Presentation – March 2019 7
Slide 8: Copper-Gold: Elaine Deposit
Copper-Gold: Elaine Deposit • 100% HMX – 5km from Jubilee • 2km from bitumen highway - 55km to Mount Isa • Inferred resource estimate of 9.3Mt at 0.82% Cu & 0.19g/t Au (at a 0.7% CuEq Cu cut-off) • Broad copper intersections – 206m at 0.53% Cu & 159m at 0.50% Cu from 503m in MKED007. • High grade go
Slide 9: Copper-Gold-Molybdenum-Rhenium: Kalman Deposit
Copper-Gold-Molybdenum-Rhenium: Kalman Deposit 1km surface expression of the Kalman deposit Kalman deposit looking south Hammer Metals Limited – Battery Metals Conference Presentation – March 2019 9
Slide 10: Copper-Gold-Molybdenum-Rhenium: Kalman Deposit
Copper-Gold-Molybdenum-Rhenium: Kalman Deposit • Ternary Lithium Molybdenum Oxide Anodes • Open pit and underground potential, open at depth • Strategy to use Kalman for base load plant feed. • 20 Mt at 0.61% Cu, 0.16% Mo, 0.34g/t Au & 4g/t Re. • Significant intersections include: • 7.65m @ 23.38% C
Slide 11: Cobalt-Copper-Gold: Millennium Deposit
Cobalt-Copper-Gold: Millennium Deposit • JV with GEMC – Sale of HMX 75% interest in progress • Maiden Mineral Resource in November 2016. Open at depth. Untested target zone along strike to north • First metallurgical study complete. Cu recovery 95.1%, Co recovery 95.4%, Au recovery 81.4% to concentr
Slide 12: Copper-Cobalt: Overlander Deposit
Copper-Cobalt: Overlander Deposit • Large mineralised system - 6km of strike and 6km west of Kalman • Consists of a shear zone hosted mineralisation (Overlander North and South deposits), a central zone of rhyolite breccia hosted mineralisation and the northern IOCG target. • Current resource 1.8 Mt
Slide 13: Perentie Project – Copper-Gold
Perentie Project – Copper-Gold • Large regional-scale alteration zone with 30+ targets. 2 target styles • Scout drilling (15 holes, 1329m) and a SAM survey completed in early December on Paddy B, Judith and Trackside prospects. • First pass RC drilling confirms zones of high-grade copper mineralizat
Slide 14: Mount Philp Breccia IOCG Target: Copper-Gold
Mount Philp Breccia IOCG Target: Copper-Gold • Very large breccia complex (+20km2) with extensive alteration, brecciation and intrusive activity • Never previously assessed for IOCG mineralisation – Tier 1 grassroots target. Received government grant to partly fund future work • Portable XRF Cu resp
Slide 15: Manganese: Manganese Ridge Prospect
Manganese: Manganese Ridge Prospect Southern zone 2.8km in length Manganese Ridge southern zone looking south Hammer Metals Limited – Battery Metals Conference Presentation – March 2019 15
Slide 16: Manganese: Manganese Ridge Prospect
Manganese: Manganese Ridge Prospect • Lithiated manganese dioxide batteries (LMD) currently in use in Chevy Volt and Nissan Leaf. • Manganese is an underrated battery metal. • Encouraging results from Manganese Ridge Prospect • Sporadic pyrolusite (MnO2) outcropping over 15km strike length • Two mai
Slide 17: Graphite – Grassroots targets – Millennium and Kalman West
Graphite – Grassroots targets – Millennium and Kalman West Millennium Kalman West • Multiple occurrences of Graphitic Shales in Project • Graphitic Schist is a common lithology within the Kalman West area structure • Tested via Rock Chip Sampling • VTEM conductors possibly indicate widespread graphi
Slide 18: Proposed Gold Project Acquisition – Bronzewing South
Proposed Gold Project Acquisition* – Bronzewing South • Located in the heart of 24 Moz Yandal Belt • 111km2 of 100%-owned granted tenements • Along strike from 4 Moz Bronzewing Gold Mine and 1Moz Lotus/Orelia Gold Deposit • Adjacent to 2mtpa treatment plant at Bronzewing • Multiple anomalies from sh
Slide 19: Proposed Gold Project Acquisition – Bronzewing South
Proposed Gold Project Acquisition* – Bronzewing South Bronzewing Trend 5km strike length – multiple targets Previous drilling did not target Bronzewing-style steeply plunging mineralisation Significant intersections include: • 4m @ 6.53g/t Au from 56m (NEWBWSA0453) • 1m @ 5.67g/t Au from 127m (NEWBW
Slide 20: Hammer is leveraged to a rising copper and gold price
Hammer is leveraged to a rising copper and gold price • HMX has strategic tenement positions in Two World Class Mining Districts – Mt Isa Mineral Province and the Eastern Goldfields • Substantial defined Cu-Au-Mo-Co-Fe JORC 2012 and JORC 2004 Mineral Resource Estimates • HMX is progressing multiple
Slide 21: Appendix
Appendix Hammer Metals Limited ABN 87 095 092 158 ASX: HMX Suite 1, 827 Beaufort Street, Mt Lawley, Western Australia 6052 P: +61 8 9271 0149 www.hammermetals.com.au 21
Slide 22: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement Disclaimer This presentation by its nature contains summarised information. See Hammer’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au for more information. Withi
Slide 23: Kalman Resource Estimate & Notes on Copper Equivalence Calculation and Metallurgical Recoveries
Kalman Resource Estimate & Notes on Copper Equivalence Calculation and Metallurgical Recoveries The Kalman Mineral Resource Estimate was updated in August 2016 in accordance with the JORC Code (2012 Edition). (Refer to the ASX Release dated 27th September 2016 for full details of the Resource Estima
Slide 24: Millennium Resource Estimate & Overlander Mineral Resource Estimate
Millennium Resource Estimate & Notes Overlander Mineral Resource Estimate on Copper Equivalence Calculation The Millennium Mineral Resource Estimate was conducted in December 2016 in accordance with the JORC Code (2012 The 100%-owned Overlander Project is situated 60 kilometres to the southeast of t
Slide 25: Jubilee Mineral Resource Estimate
Elaine Project Mineral Resource Estimate & Notes on Copper Jubilee Mineral Resource Estimate Equivalence Calculation and Metallurgical Recoveries The 100%-owned Elaine Cu-Au deposit is situated on granted exploration licence 14022, approximately 50km east of Mount Isa in North West Queensland. The 5
Slide 26: Mt. Philp Mineral Resource Estimate
Mt. Philp Mineral Resource Estimate The Mineral Resource Estimate is based on 48 diamond and reverse circulation (RC) drillholes completed in 2011 for a total of 3,801 metres (m). Drilling comprises fans located on a nominal 100 m pattern along the strike length of the ironstone. The Mineral Resourc
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