Hammer Metals Limited · ASX:HMX
Hammer Metals — Investor Presentation (January 2015)
34 slides from Hammer Metals's investor presentation, Jan 20, 2015
Slide 1: Hammer Metals Limited Presentation January 2015
For personal use only HAMMER METALS LIMITED ABN. 87 095 092 158 PRESENTATION January 2015
Slide 2: Contents
CONTENTS For personal use only Slide 1 Corporate Summary Slide 16 Andy’s Hill IOCG Target Slide 2 Queensland Portfolio Summary Slide 17 Exploration Objective Slide 3 Mount Isa Project Overview Slide 18 Identifying Priority Prospects Slide 4 Strategy Slide 19 Available Digital Datasets Slide 5 Kalman
Slide 3: Corporate Summary (January 2015)
CORPORATE SUMMARY (JANUARY 2015) For personal use only Russell Davis Alex Hewlett Nader El-Sayed Patrick Corr Chairman Executive Director Director Director Technical Commercial Finance Legal January 2015 Shareholders with greater than 5% of shares on issue Ordinary Shares 82,147,815 Santana Minerals
Slide 4: Queensland Portfolio Summary
QUEENSLAND PORTFOLIO SUMMARY For personal use only COPPER + GOLD + MOLYBDENUM Queensland, Australia 2000Km2 320Km2 Mount Isa Region Mount Morgan Region Golden Peaks HAMMER METALS LTD | 2
Slide 5: Mount Isa Project Overview
MOUNT ISA PROJECT OVERVIEW For personal use only Major land position (2000km2) located in the Mount Isa province “sandwiched” between several major players including; • Glencore (Mount Isa, E1, George Fisher, Ernest Henry). • BHP Billiton (Cannington). • Chinova Resources (Osborne, Merlin, Mt Elliot
Slide 6: Strategy
STRATEGY For personal use only Corporate Strategy: • Focus on base and precious metals in the globally significant Mount Isa mining district; • Define resources within a truckable distance of Kalman; • Develop a mining hub centred on Kalman; • Make a new, large near-surface, copper-gold discovery; a
Slide 7: Kalman District Hub
KALMAN DISTRICT HUB For personal use only Objective: To create a mining hub centred on the Kalman deposit. How: To define a number of resources within close trucking distance of Kalman. Priority Targets • Kalman • Serendipity Extensions • Python • Overlander • Pindora South • Andy’s Hill • Tiny Boot
Slide 8: Kalman, New High Grade Mo-Re
KALMAN, NEW HIGH GRADE MO-RE For personal use only Extensions of high-grade molybdenum and copper-gold zones enhance open pit mining potential • Thickest and highest grade molybdenum- rhenium intersection yet: – 62 metres at 0.65% Mo, 11.4g/t Re, 0.16% Cu, 0.07g/t Au and 1.5g/t Ag (62 m at 4.3% CuEq
Slide 9: Kalman Resource
KALMAN RESOURCE For personal use only Kalman Deposit Mineral Resource Estimate (Reported at 0.3% CuEq cut-off above 100m RL and 1.0% CuEq cut-off below 100m RL) Mining Tonnes CuEq Classification Method (t) (%) Inferred Open Pit 22,000,000 1.1 Inferred Underground 8,300,000 1.9 TOTAL 30,000,000 1.3 -
Slide 10: Kalman Upside
KALMAN UPSIDE For personal use only Multiple areas for the current resource to be extended, key areas include; • Northern Fault offset target. • High grade Cu open at depth and to South (including 9m @ 20%Cu, 0.47g/tAu from 581m). • High grade Mo open at depth and to south. • Anomalous Cu and Mo geo
Slide 11: Kalman High Grade Zones
KALMAN HIGH GRADE ZONES For personal use only • High grade copper-gold: – 7.6m at 23.4% Cu, 0.5g/t Au & 20g/t Ag from 581.65m in K106A – 77m at 1.4% Cu & 1.3g/t Au from 700m in K106A – 25m at 3.8% Cu & 0.94g/t Au from 712m in K106C • High grade molybdenum-rhenium: – 62m at 0.65% Mo & 11.4g/t Re from
Slide 12: Kalman Deposit
KALMAN DEPOSIT For personal use only HAMMER METALS LTD | 10
Slide 13: Overlander Deposits
OVERLANDER DEPOSITS For personal use only • Preliminary RC Drilling has identified zones of high grade Cu with Co from surface. • 6km of strike. • 6km West of Kalman. • Large IOCG potential. Overlander North + South (Combined) July 2014 Mineral Resource Estimate (0.7% Cu Cut-off) Tonnes Cu Co Cu Ton
Slide 14: Overlander North Deposit
OVERLANDER NORTH DEPOSIT For personal use only • Last 3 RC holes intersected: OVRC29 – 75m at 1.33% Cu including 28m at 1.91% Cu and 16m at 1.92% Cu OVRC30 – 87m at 0.74% Cu including 27m at 1.4% Cu OVRC31 – 89m at 1.1% Cu including 56m at 1.4% Cu and 11m at 2.4% Cu and 10m at 1.6% Cu HAMMER METALS
Slide 15: Overlander IOCG Targets
OVERLANDER IOCG TARGETS For personal use only Gravity and Magnetics HAMMER METALS LTD | 13
Slide 16: Overlander IOCG Target
OVERLANDER IOCG TARGET For personal use only 3D Modelling Long Sectional View Cross Sectional View HAMMER METALS LTD | 14
Slide 17: Andy's Hill IOCG Target
ANDY’S HILL IOCG TARGET For personal use only • 2km South West of Overlander. • Possible faulted extension of Overlander. • Extensive red rock alteration with copper sulphides in previous drilling. • Soil geochemical anomaly. HAMMER METALS LTD | 15
Slide 18: Andy's Hill IOCG Target
ANDY’S HILL IOCG TARGET For personal use only Long Sectional View Soil sampling over total magnetic intensity HAMMER METALS LTD | 16
Slide 19: Exploration Objective
EXPLORATION OBJECTIVE For personal use only Make a new large near-surface, copper-gold discovery. Glencore’s Ernest Henry Mine HAMMER METALS LTD | 17
Slide 20: Identifying Priority Prospects
IDENTIFYING PRIORITY PROSPECTS For personal use only Many exposed copper-gold occurrences present. New deposits may not be obvious – buried under younger barren cover or within a more extensive alteration zone. Therefore how to effectively identify and rank prospects a key objective: 1. Combined con
Slide 21: Available Digital Datasets
AVAILABLE DIGITAL DATASETS For personal use only • Regional gravity – defines regional controlling structures and lineaments. • Regional airborne magnetics and radiometrics (200m line spacing) – defines structures, major rock units, sites of greater magnetite concentration, uranium concentrations. •
Slide 22: Ground Selection & Targeting
GROUND SELECTION & TARGETING For personal use only 1. Economic target deposits are present in district 3 2. Evidence of target mineralisation within tenement holding 3 3. Essential criteria present for economic IOCG’s and/or shear hosted copper-gold deposits. – Large alteration zones associated with
Slide 23: Exploration Approach
EXPLORATION APPROACH For personal use only • Prospect areas defined and prioritised on basis of existing exploration information. • Ground and/or detailed airborne geophysics to identify and define drilling targets – IP – Gravity – Magnetics • Mapping of alteration and geology. • Geochemical samplin
Slide 24: Target Pyramid
TARGET PYRAMID For personal use only Development Grass Roots Exploration HAMMER METALS LTD | 22
Slide 25: Western IOCG Corridor
WESTERN IOCG CORRIDOR For personal use only • Large IOCG System extending from Mt Philp in the North through Overlander and Andy’s Hill to Scalper in the South. • Significant Cu, Au and Rare Earth mineralisation in drilling (refer to IOCG ASX announcement 20/05/2014). • Next step in exploration to b
Slide 26: IOCG Targeting
IOCG TARGETING For personal use only Aeromagnetics Radiometrics (U channel) HAMMER METALS LTD | 24
Slide 27: Hammer Time
HAMMER TIME For personal use only • Coincident soil geochemistry (Cu and Au) and IP anomaly. • 3.4km in length and 1km in width. • Prospect crosses the tenement boundary with Glencore Copper. • Glencore actively exploring. HAMMER METALS LTD | 25
Slide 28: Pelican
PELICAN For personal use only • Kalman - style copper-gold in previous drilling. • 3km South of and directly along strike from Kalman. • Open-pit potential. • RC drill results include: – 10m at 1.44% Cu + .37g/t Au from 15.5 in PN211 – 20m at 1.1% Cu & .36g/t Au from 28m in PN250C HAMMER METALS LTD
Slide 29: Scalper
SCALPER For personal use only • Southern end of Overlander / Andy’s Hill IOCG trend. • Strong magnetic anomaly and coincident ‘red rock -10c’ alteration. • 23m at 1.1% Cu and 0.27g/t Au from 77m including 12m at 1.9% Cu and 0.45g/t Au from 87m. HAMMER METALS LTD | 27
Slide 30: Dronfield
DRONFIELD For personal use only • Williams granite suite. • Coincident gravity - magnetic anomalies. • Copper - gold anomalism. • 2m @ 6.1% Cu + 1.54g/t Au from 37m in HDRC001 Gravity Magnetics HAMMER METALS LTD | 28
Slide 31: Tiny Boot
TINY BOOT For personal use only • 250m copper gossan at surface. • 1.6Km along strike from Chinalco Ltd’s new discovery “Elaine no 3”. • 5km south of CopperChem Ltd’s Mount Colin. • 25Km North from Kalman. • VTEM survey planned. HAMMER METALS LTD | 29
Slide 32: Disclaimer & Competent Person Statements
DISCLAIMER & COMPETENT PERSON STATEMENTS For personal use only Disclaimer Overlander North + South Resource Estimate This presentation by its nature contains summarised Mr Downing consents to the inclusion in the report of the Where the Company refers to the Overlander North + South information. See
Slide 33: Kalman Resource Estimate & Notes on Copper Equivalence Calculation
KALMAN RESOURCE ESTIMATE & NOTES ON COPPER EQUIVALENCE CALCULATION For personal use only The Kalman Mineral Resource Estimate was updated in March 2014 in accordance with the JORC Code (2012 Edition). (Refer to the ASX Release dated 19th March 2014 for full details of the Resource Estimate.) Kalman
Slide 34: Kalman Resource Estimate & Notes on Copper Equivalence Calculation
KALMAN RESOURCE ESTIMATE & NOTES ON COPPER EQUIVALENCE CALCULATION For personal use only Assumed Metallurgical Recoveries Based on the testing completed and the current understanding of the material characteristics it has been assumed that the Kalman material can be processed using a “typical” conce