Noronex Ltd. · ASX:NRX
Noronex — Shareholder Meeting (November 2020)
26 slides from Noronex's shareholder meeting presentation, Nov 30, 2020
Slide 1: 2020 Annual General Meeting
2020 ANNUAL GENERAL MEETING 30 November 2020 1
Slide 2: Competent Person's Statement
Competent Person’s Statement The information in this report that relates to Exploration Results is based on information compiled by Dr Dennis Arne, a Competent Person who is a Registered Professional Geoscientist and Member of the Australian Institute of Geoscientists (AIG #1294). Dr Arne has suffic
Slide 3: Corporate Structure
CORPORATE STRUCTURE Board of Directors ASX Code NRX Mr David Prentice– Non-Executive Chairman Shares on issue (1,2) 151.6m Experienced junior resources executive and director. Unlisted Options (3) 21m Mr Robert Klug – Non-Executive Director Share price $0.145 Experienced resources executive and most
Slide 4: The Noronex Copper Investment Opportunity
The Noronex Copper Investment Opportunity 2 High Grade Copper Project Areas in Leading mining jurisdictions (Namibia & Canada). • Scale and District Play Potential (>100,000 Ha) • Extensive historic drilling (>170,000m), highlighting multiple high grade, shallow copper deposits with Kalahari Copper
Slide 5: Executive Summary
Executive Summary The Opportunity- Growing high quality copper resources in leading mining jurisdictions • Noronex controls a high quality portfolio of copper projects (with significant gold and silver by-products) in areas with known copper mineralization that it will seek to rapidly develop for th
Slide 6: Executive Summary
Executive Summary The Opportunity- Growing high quality copper resources in leading mining jurisdictions • The projects have excellent road / rail access and local infrastructure. Many of the known deposits are shallow, amenable to open-pit processing and remain open at depth. • There is an extensiv
Slide 7: Copper – Demand / Supply Imbalance
Copper – Demand / Supply Imbalance There is a looming demand/ supply imbalance that presents an opportunity to build high-value copper resources for the looming supply shortfall Majors are and will be actively seeking to acquire sufficient resources for the coming decade Figure 1: Forecast gap i
Slide 8: Copper Supply – Declining Grades & Few New Discoveries
Copper Supply – Declining Grades & Few New Discoveries Over the last 12 years the average grade of copper mined has declined by 1.8% per year to 0.59% in 2017. Copper exploration and new discoveries over the last decade have been at historically low levels Source S&P Global Market Intelligence 8
Slide 9: Copper Supply – High Grade is rare
Copper Supply – High Grade is rare The vast majority of copper resources outside of existing mines are at a grade of 0.5% or below Noronex projects are targeting top quartile grades 9
Slide 10: Namibian Copper Assets
Namibian Copper Assets Established projects on world class Kalahari Copper belt with excellent access to infrastructure 10
Slide 11: Namibian Copper Assets
Namibian Copper Assets Location of Noronex’s Property Namibia, Africa 11
Slide 12: Copper Namibia – Project Summary
Copper Namibia – Project Summary The Opportunity – Growing a copper inventory in a leading mining jurisdiction • There are 3 EPLs include the Witvlei project (7028, 7029) and the Dordabis project (7030) • The licences are well located with Witvlei being 150kms east from the capital, Windhoek along t
Slide 13: Copper Namibia – Project Highlights
Copper Namibia – Project Highlights The Opportunity – Expanding known Cu deposits with modern technology • Excellent infrastructure: Access to road (B6 motorway) and rail infrastructure (TransNamib rail track runs through 7028) and grid power • Known deposits – Cu- Ag deposits first discovered in th
Slide 14: Witvlei Project
Witvlei Project Extensive drilling – 101,914m of drilling for 699 holes has highlighted widespread copper mineralisation • Six key project areas have been defined at Witvlei including Malachite Pan, Okasewa, Christiadore North & South, Witvlei Pos and Gemsbockvley • Extensive drilling - 101,914m of
Slide 15: Witvlei Project
Witvlei Project • Drill intercepts have highlighted extensive copper mineralisation from surface • Plan is to utilise extensive drill hole database to delineate JORC (2012) compliant resources • IP to be used to trace extensions along strike and at depth to expand resource base • First ever aerial E
Slide 16: Dordabis Project
Dordabis Project Extensive drilling – 49,575m of drilling for 478 holes has highlighted widespread copper mineralisation • Six key project areas have been defined at Dordabis including Koperberg, RK, RK West, Swartberg, Balfour and Onverwacht • Extensive drilling - 49,575m of drilling across 478 hol
Slide 17: Dordabis Project
Dordabis Project • Drill intercepts have highlighted extensive copper mineralisation from surface • Plan is to utilise extensive drill hole database to delineate JORC (2012) compliant resources • IP to be used to trace extensions along strike and at depth to expand resource base • First ever aerial
Slide 18: Canadian Copper Assets
Canadian Copper Assets Established Tier-1 mining district of Ontario, extensive road, rail and port infrastructure, able to target key North American and export markets 18
Slide 19: Canadian Copper Assets
Canadian Copper Assets Noronex Property Location of Noronex’s Project Noronex Property Ontario, Canada 19
Slide 20: Ontario Copper – Project Summary
Ontario Copper – Project Summary The Opportunity – Growing a copper inventory in a Tier 1 mining jurisdiction • One of the largest land holders targeting Cu-Au-Ag VMS deposits in Ontario, Canada • 30,000 Ha land position (patents, mining leases and unpatented claims) in the Onaman-Tashota Greenstone
Slide 21: Project Locations
Project Locations Highly prospective Cu projects (>80kms of EM conductors) with potential for high quality district play Typical logging road access to Onaman • High grade Cu VMS district located 200km north east from Thunder Bay, a key regional centre • Key infrastructure includes road (TransCanada
Slide 22: Project Locations
Project Locations Cu VMS District play potential building on Onaman project and JORC (2012) resource at Lynx • High grade drilling at Lynx to be followed up with further exploration along 12km strike length • High grade Cu, Au, Ag and PGE sampling on lightly explored claims adjacent to EM conductors
Slide 23: Board of Directors Technical Advisory Board
Key Personnel Board of Directors David Prentice (Non-Executive Chairman): David is a senior resources executive with 28 plus years domestic and international experience. David started his career working in commercial and business development roles within the resources sector working for some of Aust
Slide 24: Next Steps
Next Steps Active exploration and strong news flow planned for 2021 News Flow Geological: • Conduct first ever Airborne EM survey (over Namibian properties) to generate new targets and IP survey to plan next stage drilling program targeting untested extensions • Conversion of historical resources to
Slide 25: Summary
Summary An exciting new phase of growth • Copper is a commodity with strong market fundamentals and growth outlook • Projects have significant known copper deposits (with valuable Au and Ag by- products) and are located in leading mining jurisdictions • Historical resources to be converted to JORC c
Slide 26: Thank You
THANK YOU xy LIMITED 26