Aeon Metals — Investor Presentation (November 2017)
19 slides from Aeon Metals's investor presentation, November 2017
Slide 1: Unlocking a World Class Mineral System
UNLOCKING A WORLD CLASS MINERAL SYSTEM NOVEMBER 2017
Slide 2: Important Information
IMPORTANT INFORMATION This document has been prepared by Aeon Metals Limited (Aeon) for the purpose of providing a comprehensive company and technical overview to interested analysts and investors. This document is not a prospectus and should not be considered an offer or an invitation to acquire sh
Slide 3: Board & Management Team and Capital Structure
BOARD & MANAGEMENT TEAM AND CAPITAL STRUCTURE Last Price (AUD) 0.24 400M 1 0.22 SHARES OUTSTANDING A$34.7M 0.2 A$0.21 A$84M A$5.2M2 LIMITED 0.18 SHARE PRICE 1 MARKET CAP1 CASH RECOURSE 158M3 VENDOR DEBT4 0.16 0.14 VENDOR 0.12 WARRANTS CHAIRMAN, PAUL HARRIS 25 years’ experience in financial markets a
Slide 4: Aeon Metals – Queensland Asset Base
AEON METALS – QUEENSLAND ASSET BASE • Copper, zinc, silver, cobalt and molybdenum (base metals) explorer • Owns large prospective projects in Queensland, Australia • Flagship project, and highest priority tenement holding is the 100% owned Walford Creek Project • The largest and most advanced cobalt
Slide 5: New Generation Metal Growth Space
NEW GENERATION METAL GROWTH SPACE 2 Year Cobalt Price COBALT • Electric Vehicle market driven as cobalt is consumed by major industries with rechargeable lithium-ion batteries becoming a major Co use “The problem with existing lead-acid batteries is that they suck” – Elon Musk • Challenges for ethic
Slide 6: Walford Creek
WALFORD CREEK WORLD CLASS TONNES AND GRADE SCALE POTENTIAL AEON METALS | ASX:AML 6
Slide 7: World Class Mineral System
WORLD CLASS MINERAL SYSTEM +25km mineralised fault corridor Mineralisation is both structurally and lithologically controlled – Fish River Fault (FRF) and Pyrite Units (PY1 and PY3) Current JORC Global Resource defined along ~4km strike length of the FRF zone, which extends for 25km within the Walfo
Slide 8: High Grade Resource
HIGH GRADE RESOURCE HIGH GRADE VARDY RESOURCE – as per 22 Dec 2016 PY1 6.6mt @ 1.25% Cu & 0.16% Co ~150m Near surface, close to fault PY3 The estimate is for a ~1km of fault strike • Limited holes in PY3 ~1km Latest drill campaign focused on high grade Cu-Co PY3 Walford Creek Vardy Resource Statemen
Slide 9: Recent Drill Results Highlight Significant Intercepts
RECENT DRILL RESULTS HIGHLIGHT SIGNIFICANT INTERCEPTS Recent intercepts from the 1st and 2nd drill campaign include: • WFDD226: 26m @ 1.02% Cu, 0.26% Co and 38gt Ag from 26m • Incl: 14m @ 1.42% Cu, 0.31% Co, 0.88% Zn and 37gt Ag from 35m • WFDD230: 16m @ 1.37% Cu, 0.30% Co, 1.99% Zn and 21gt Ag from
Slide 10: Recent Drilling
RECENT DRILLING AEON METALS | ASX:AML 10
Slide 11: Next Steps
NEXT STEPS PROJECT DEVELOPMENT: • PY3 focused drill program – results for 9 holes expected by end of Q4 2017 • Resources to be revised to reflect refined geological model and all 2017 drill results • Rescoping/rescaling assessment of project development: » Inclusion of high grade PY3 tonnes; » PY3 i
Slide 12: Summary
SUMMARY Owns the largest and most advanced cobalt sulphide deposit in Australia Strong demand for cobalt, copper and positive pricing dynamics Consistent delivery of excellent assay results • Assays reported from 2 of 9 diamond holes drilled, with very high copper and cobalt grades returned • Expect
Slide 13: Appendices
APPENDICES AEON METALS | ASX:AML 13
Slide 14: Competent Person Statement
COMPETENT PERSON STATEMENT The data in this report that relates to Mineral Resource Estimates for the Walford Creek Deposit and Vardy Zone Deposit is based on information evaluated by Mr Simon Tear who is a Member of The Australasian Institute of Mining and Metallurgy (MAusIMM) and who has sufficien
Slide 15: Walford Creek Global Resource
WALFORD CREEK GLOBAL RESOURCE Walford Creek Walford Creek 2014-5 Resource Estimates Global Resources Category Mt Cu % Pb % Zn % Ag g/t Co % (March 2015) Indicated 16.3 0.46 0.83 1.02 20.1 0.091 Inferred 57.1 0.39 0.86 0.80 24.5 0.079 Total 73.3 0.40 0.85 0.85 23.5 0.081 Walford Creek 2014-5 Resource
Slide 16: Schematic Geological Cross Section
SCHEMATIC GEOLOGICAL CROSS SECTION PY1 PY3 At 0.55% CuEquiv cut-off: See Appendix 1 for competent persons statement. AEON METALS | ASX:AML 16
Slide 17: Geological Model Description
GEOLOGICAL MODEL DESCRIPTION A. Shallow holes from 50m to 80m intercept both possible supergene mineralisation together with strong copper and cobalt mineralisation associated with the PY1 in close proximity to the FRF. B. Drilled behind the shallow holes. These holes from 70m to 110m can still hit
Slide 18: 4km Global Resource: Hitting the Lateral Sweet Spots
4KM GLOBAL RESOURCE: HITTING THE LATERAL SWEET SPOTS Vardy AEON METALS | ASX:AML 18
Slide 19: Cobalt Resource
COBALT RESOURCE Cobalt consistent throughout current Walford Global Resources Cobalt occurs with pyrite lenses Cobalt value accounts for ~$4.4 billion or 37% of the in-situ metal value of the Global Resource Scoping Study completed in April 2017 to assess economic extraction utilising roasting proce