Tennant Minerals Limited · ASX:TMS
Tennant Minerals — RIU Resurgence Conference 2023
16 slides from Tennant Minerals's conference presentation, Nov 22, 2023
Slide 1: Bluebird High-Grade Copper-Gold Discovery
RIU Resurgence Conference 22–23 November 2023 The Next Big Discovery AXS:TMS New discoveries for a sustainable future Darwin BLUEBIRD HIGH-GRADE Tennant COPPER-GOLD DISCOVERY Creek THE BARKLY PROJECT TENNANT CREEK Alice Springs NORTHERN TERRITORY, AUSTRALIA ASX:TMS
Slide 2: Cautionary Statements and Competent Persons Declaration
Cautionary Statements and Competent Persons Declaration CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION This presentation contains forward-looking statements concerning Tennant Minerals Ltd. Forward-looking statements are not statements of historical fact and actual events and results may
Slide 3: Barkly Project and the Bluebird Cu-Au Discovery: World-Class Location
Barkly Project and the Bluebird Cu-Au Discovery: World-Class Location • The Barkly Project and the Bluebird discovery are located 40km east of Tennant Creek at the eastern end of this major copper-gold field, which has produced 5.5Moz of gold and 700kt of copper1. • Largest previously mined deposits
Slide 4: Barkly Project (Bluebird Discovery) - major gravity target corridor
Barkly Project (Bluebird Discovery) - major gravity target corridor • Covers a 5km strike-length, east- west trending gravity-high indicating a major ironstone corridor. • Ironstone corridor intersected by ENE-WSW trending fault structures - associated with mineralisation (also shown by magnetics).
Slide 5: The Bluebird Copper-Gold Discovery
The Bluebird Copper-Gold Discovery • Blind discovery under shallow soil cover and weathered Warramunga Formation sedimentary rocks. The main discovery was made through follow-up of shallow drilling and drill-testing the entire ironstone (e.g. BBDD0012: 63m @ 2.1% Cu, 4.6 g/t Au2). Free gold in hemat
Slide 6: Bluebird Longitudinal View – 500m footprint, open all directions
Bluebird Longitudinal View – 500m footprint, open all directions • Drilling to current program defined high- grade copper-gold mineralisation from 60m to over 250 m depth, over a 500m strike length – open in all directions. • Thick, high-grade, copper-gold intersections to date include: - BBDD0026:
Slide 7: Bluebird Discovery – sections through thick, high-grade, Cu-Au zone
Bluebird Discovery – sections through thick, high-grade, Cu-Au zone Cross section 448,500mE7 Cross section 448,320mE4,5 Cross section 448,360mE6 ASX:TMS 701/09/2023. Tennant Minerals (ASX. TMS): “New bluebird Drilling to Target Triple the Strike Length” 7
Slide 8: Bluebird Gravity Model – potential to triple the strike length
Bluebird Gravity Model – potential to triple the strike length Bluebird 3D model in plan projection with gravity inversion model, recent drilling and current drilling planned ASX:TMS 8
Slide 9: Bluebird Magnetics Image – highlights magnetite/hematite alteration
Bluebird Magnetics Image – highlights magnetite/hematite alteration Bluebird 3D model in plan projection with inverted magnetic anomalies and key targets ASX:TMS 9
Slide 10: IP Resistivity Drill-targeting – potential to directly detect mineralisation
IP Resistivity Drill-targeting – potential to directly detect mineralisation • Bluebird discovery section (448,320mE) on Induced Polarisation (IP) resistivity8 - shows correlation with mineralisation. • Step-out IP resistivity9 highlighted targets at Bluebird East and Bluebird West with potential to
Slide 11: Bluebird Longitudinal Updated – Bluebird East potential repeat
Bluebird Longitudinal Updated – Bluebird East potential repeat ASX:TMS 10 15/11/2023. Tennant Minerals (ASX. TMS): “Strong to Intense Copper Mineralisation Bluebird and East” 11
Slide 12: New strongly mineralised intersections in three key target areas
New strongly mineralised intersections in three key target areas Cross section Cross section 448,500mE10 448,300mE10 Bluebird Bluebird Extension West Zone Bluebird Cross section 448,800mE10 ASX:TMS East 1212
Slide 13: Other Key Targets - Babbler Project
Other Key Targets - Babbler Project ➢ Previous drilling includes 3m @ 2.6 g/t Au, 0.3m @ 310 g/t Au in structures overlying basement targets? ➢ Magnetic anomalies may be in overlying sedimentary / volcanic sequence. ➢ Detailed gravity defined ironstone targets in underlying Warramunga – potential fo
Slide 14: TMS - Corporate Overview
TMS - Corporate Overview TMS Share Price Chart $0.09 160.0 $0.08 140.0 TMS $3M $0.07 ASX Code Cash (30 September 2023) 120.0 Bluebird $0.06 Discovery Holes 100.0 Price (A$/share) $24.3M 759.4m Volume (m) $0.05 80.0 Market Cap (at $0.032 21/11/23) Shares on Issue $0.04 60.0 $0.03 Options: ~$21m $0.02
Slide 15: Barkly Project – Next Steps
Barkly Project – Next Steps • Current and planned drilling: • Testing and defining shallow eastern extensions. • Testing Bluebird East and Bluebird West targets – aiming to triple the mineralised footprint. • Testing other key targets e.g. Babbler. • Metallurgical testwork on key drillholes. • Miner
Slide 16: Contact Details
Contact Details Jon Dugdale Technical Advisor, CP (FAusIMM) E: jdugdale@tennantminerals.com T: +61 8 9481 7833 16