Eq Resources Limited · ASX:EQR
Eq Resources — Melbourne Mining Club Cutting Edge (May 2019)
23 slides from Eq Resources's conference presentation, May 14, 2019
Slide 1: Melbourne Mining Club Cutting Edge
MELBOURNE MINING CLUB Cutting Edge 14 May 2019 1 ASX Code: SEI | www.specialitymetalsintl.com.au
Slide 2: Disclaimer
DISCLAIMER Forward Looking Statements Some statements in this presentation relate to the future and are forward looking statements. Such statements may include, but are not limited to, statements with regard to intention, capacity, future production and grades, projections for sales growth, estimate
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT Capital Structure (ASX:SEI) 10 MAY 2019 Post Transaction Completion Ordinary Shares on Issue 554.88 Million ~923 Million Unlisted Options/Rights 25 Million - Market Capitalisation (at 2.8 cents/share) $15.54 Million $25.84 Million Slide 2
Slide 4: Board of Directors
BOARD OF DIRECTORS Russell Krause, Executive Chairman Mr Krause is the Executive Chairman of ASX listed Speciality Metals International Limited and has over 25 years’ executive management and director level experience in a range of corporate advisory, stockbroking and investment banking roles with s
Slide 5: Management Team
MANAGEMENT TEAM Dr Andrew White, Lead Consulting Geologist Andrew was the Exploration Manager for Comalco Ltd and Minerals Manager for Poseidon Ltd. He is principal of Andrew White and Associates, consulting geologists and management consultants founded in 1983 and has provided consulting services t
Slide 6: Company Overview
COMPANY OVERVIEW ASX LISTED – DIVERSIFIED SPECIALTY RESOURCES, MINING & EXPLORATION COMPANY World-Class Tungsten Assets - Mt Carbine, Queensland • Mt Carbine Tungsten Mine – ML 4867 & ML 4919 • EPM 14872 - Iron Duke & Petersens Lode / EPM 14871 - Mt Holmes • Binding Agreement executed for the purcha
Slide 7: What is Tungsten
WHAT IS TUNGSTEN…. INDUSTRIAL ENABLING METAL WITH STRATEGIC IMPORTANCE With a density of 19.25 g/cm3, tungsten is also among the heaviest metals. Aeronautical & Automobile Manufacturing Military & Mining Rail & Heavy Earthmoving Highest melting point of all metals at 3,422 ± 15 oC and a boiling poin
Slide 8: Mt Carbine Tungsten Mine - Location
MT CARBINE TUNGSTEN MINE - LOCATION The historical Mt Carbine Tungsten Mine is located ~130km by sealed highway Mt Carbine from the port of Cairns in Tungsten North Queensland, Australia. Project The Mt Carbine Mining Leases cover ~367 hectares. Mt Carbine Mining Leases cover ~367 hectares. The nort
Slide 9: Mt Carbine Tungsten Mine - Overview
MT CARBINE TUNGSTEN MINE - OVERVIEW Slide 8
Slide 10: Mt Carbine Tungsten Mine - History
MT CARBINE TUNGSTEN MINE - HISTORY • Tungsten discovered at Mt Carbine in 1895. • Mining consisted of small scale, selective underground mining of the quartz veins until 1919 when world wolframite prices collapsed. • Mt Carbine mined sporadically from 1919 to 1968. • In 1972, Queensland Wolfram Ltd
Slide 11: Mt Carbine Tungsten Mine - JORC Resource
MT CARBINE TUNGSTEN MINE – JORC RESOURCE MT CARBINE MINING LEASES CONTAIN THE FOLLOWING WORLD-CLASS Tailings Dam TUNGSTEN RESOURCES: Low Grade Stockpile 2012 JORC Compliant Resource Mining Leases cover ~ 367 hectares Resource Summary - July 2014 Tungsten Resource as WO3 Cut-off Grade Tonnes WO3 WO3
Slide 12: Mt Carbine Tungsten Mine - Acquisition
MT CARBINE TUNGSTEN MINE - ACQUISITION MT CARBINE QUARRY & MINING LEASES BINDING AGREEMENT EXECUTED FOR THE PURCHASE OF MT CARBINE QUARRIES PTY LTD AND JOINT VENTURE WITH CRONIMET ASIA PTE LTD Under these agreements, Speciality Metals will: • Acquire 100% of Mt Carbine Quarries Pty Ltd, an entity th
Slide 13: Cronimet
CRONIMET • Cronimet Asia Pte Ltd is a subsidiary of the privately owned Cronimet Holding GmbH (“CRONIMET”) which was founded in 1980 as a raw materials service provider and trader in Karlsruhe, Germany. The Cronimet Group has grown organically since then to become a diversified commodity group with
Slide 14: Mt Carbine Tungsten Mine - Acquisition (cont.)
MT CARBINE TUNGSTEN MINE - ACQUISITION MT CARBINE QUARRY & MINING LEASES CONT… • FIRB approval received for the Joint Venture. • Acquisition to be financed via a 4 step, fully underwritten basis: - Tranche 1 – Placement of 83,231,463 ordinary shares at $0.018 to raise A$1,498,166 (to be completed by
Slide 15: Mt Carbine Tungsten Mine - Staged Development Approach
MT CARBINE TUNGSTEN MINE STAGED DEVELOPMENT APPROACH June 2019 July 2019 2020 Conclude Purchase of Quarry & MLs Recommission Retreatment Plant Commence Processing Stockpiled Material + Start work to re-establish Open Pit Mining + Develop Exploration Program – EPMs Commence Quarry Operations Commence
Slide 16: Mt Carbine Tungsten Mine - Quarry Operations
MT CARBINE TUNGSTEN MINE - QUARRY OPERATIONS Slide 15
Slide 17: Mt Carbine Tungsten Mine - Quarry Operations
MT CARBINE TUNGSTEN MINE – QUARRY OPERATIONS • Fully permitted, established business in operation for over 20 years within the Mt Carbine Mining Leases. • All plant and equipment in place. Will continue to be operated as a going-concern. • Provides substantial growth opportunities and an invaluable
Slide 18: Mt Carbine Tungsten Mine - Retreatment Plant
MT CARBINE TUNGSTEN MINE • First stage of production. • Tailings Retreatment already Permitted (covered by same EA as that for the stockpiled material). RETREATMENT PLANT • Previously produced ~142 tonnes of tungsten concentrate. • Good recovery rates from the <0.2mm fractions, ~60% of contained met
Slide 19: Mt Carbine Tungsten Mine - Stockpiled Material
MT CARBINE TUNGSTEN MINE • Permitted under Environmental Authority EPML00956913 issued August 2013. STOCKPILED MATERIAL • Covers existing tungsten stockpiles [~12 million tonnes of at-surface stockpiled material]. • X-Ray Ore Sorters to be utilised to remove tungsten rich quartz from the stockpiled
Slide 20: Open Pit & Underground Mining
MT CARBINE TUNGSTEN MINE OPEN PIT & UNDERGROUND MINING • Mining Leases in place – permitting and Plan of Operations required before commencement of mining. • 440mRL and 415mRL decline ramps already in place. • Expansion of MLs required to continue the development of the Open Pit and underground mini
Slide 21: Mt Carbine Exploration Permits
MT CARBINE EXPLORATION PERMITS EXPLORATION UPSIDE - TUNGSTEN EXPLORATION PERMITS Mining Leases Two prospects - MLIron Duke and Petersens Lode exist 4867 & ML 4919 within EPM 14872 and Mt Holmes in EPM 14871. These prospects are dominated by scheelite mineralisation. EPM 14872 Mapping and sampling in
Slide 22: EPM 14872 – Exploration Upside
EPM 14872 – EXPLORATION UPSIDE IRON DUKE • Present resource estimate does not include any Iron Duke mineralisation. Lies within the planned open-cut envelope. Present mapped • Average true width 8m from 6 drill holes with an average Low grade extent of Iron Duke weighted grade of .32% WO3. Mapping i
Slide 23: Thank-you
Thank-you Speciality Metals International Limited| ACN 115 009 106 | (ASX:SEI) Level 17, 500 Collins Street, MELBOURNE VIC 3000 | PO Box 1496, MAREEBA QLD 4880 Telephone: +61 (0)3 9614 0600 | www.specialitymetalsintl.com.au Email: info@specialitymetalsintl.com.au
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