Delta Lithium Limited · ASX:DLI
Delta Lithium — Diggers & Dealers 2019
17 slides from Delta Lithium's conference presentation, Aug 2, 2019
Slide 1: Targeting Significant Undervalued Mining Assets in North America
TARGETING SIGNIFICANT UNDERVALUED MINING ASSETS IN NORTH AMERICA I N V E S T O R P R E S E N TAT I O N | AUGUST 2019 | ASX:TIN | 1
Slide 2: Disclaimer
DISCLAIMER This presentation does not constitute an offer that is capable of acceptance nor is it a disclosure document under the Corporations Act. This presentation is intended for recipients collectively and does not take into account the investment objectives, financial situations and particular
Slide 3: A Significant Investment Opportunity
A SIGNIFICANT INVESTMENT OPPORTUNITY Targeting undervalued, large-scale mining & brownfield exploration assets in Tier-1 jurisdictions of North America Project generation team led by Cherie Leeden - founder and former managing director of ASX-listed Battery Minerals (ASX: BAT) with extensive North A
Slide 4: Corporate Structure
CORPORATE STRUCTURE ASX CODE TIN HIGHLY EXPERIENCED BOARD CURRENT SHARE PRICE 11c BRETT MITCHELL • Corporate finance executive with over 25 years of experience primarily in the finance, EXECUTIVE capital markets and resources industries. CASH @ 30/06/19 $2.6M CHAIRMAN • Has been involved in the foun
Slide 5: Why North America?
WHY NORTH AMERICA? Lack of recent capital markets funding from Canada/USA Highly prospective geology that is massively underexplored due to decades of red tape/bureaucracy (which is now decreasing) Trump seeking to protect US steel/aluminium producers via import tariffs - Provides incentive to sourc
Slide 6: Pelley Ridge Project, Montana
PELLEY RIDGE PROJECT MONTANA Excellent land/permitting setting (private surface and mineral ownership) Prospective zone is neither vegetated or used for pastoral grazing Covers ~2000 hectares, ~12km south-east of Hot Springs, MT Drill-ready high grade zinc exploration target below large gossan zone
Slide 7: Another Sullivan Deposit?
ANOTHER SULLIVAN DEPOSIT? Similar tectonic and time-stratigraphic setting to the world-class sediment-hosted Sullivan zinc deposit – British Columbia (>160Mt of ore mined grading at 12% Pb+Zn) Right rocks and geological timing in lower-middle Prichard Formation and right structural setting - project
Slide 8: High-Grade Historical Intercepts
HIGH-GRADE HISTORICAL INTERCEPTS Gossan outcrop in altered sedimentary rocks Cominco drilled 8 holes on the property Significant historical intercepts in hole DDH PR-2 encountered wide sulphides including 10.8m @ 7.21% Zn* This represents the highest known grade Zn hits outside the Sullivan deposit,
Slide 9: Gossan Knob Target
GOSSAN KNOB TARGET Conspicuous 30m x 150m gossan outcrop on Bromley lease High‐grade intercept of 14.9m @ 5.43% Zn from 71.3m (including 10.8m @ 7.21% Zn), below a wider zone of 25.3m @ 3.26% Zn from 24.4m* Nearby and subsequent drill holes supported the presence of a strong zinc-rich alteration eve
Slide 10: Hot Spur Project, Nevada
HOT SPUR PROJECT NEVADA Located in world’s number one jurisdiction for mining investment1 100% ownership via 70 unpatented mining claims Potential to add to acreage position Prospective for base metals and gold 9km west of Kinross’ 5Moz Bald Mountain Gold Mine Along strike from Pasinex Resources’ Sp
Slide 11: The Target: Another Taylor Deposit
THE TARGET: ANOTHER TAYLOR DEPOSIT Hot Spur geology predicted to be a continuation of geology that has been drilled to the south by Pasinex Pasinex’s Spur project considered a high- grade Carbonate Replacement Deposit (CRD)-style zinc system CRD systems can achieve significant scale: Taylor deposit
Slide 12: TNT Forward Program
TNT FORWARD PROGRAM Planning underway for Pelley Ridge diamond/RC drilling campaign to test priority targets Good dataset to build-on, most recent exploration (MMG) cut short before testing of key targets Acquiring available Hot Spur geophysical data Plan to conduct ground geophysics or low- cost ai
Slide 13: Sale of Tasmanian Assets
SALE OF TASMANIAN ASSETS TIN owns 100% of two high-quality tin and tungsten projects in north-eastern Tasmania Binding LoI signed with private Canadian company TinOne Resources for the sale of TNT’s tin-tungsten assets Exclusivity period for 1 month to finalise due diligence and Binding Sale Agreeme
Slide 14: Why Invest in TNT Mines?
WHY INVEST IN TNT MINES? Targeting North America for significant undervalued, large-scale mining assets Highly experienced team with exploration success – ‘mine finders’ First two project acquisitions – Pelley Ridge and Hot Spur: Mining friendly jurisdictions (Montana and Nevada) Drill ready – high
Slide 15: Appendix One: Pelley Ridge Historical Drilling
APPENDIX ONE PELLEY RIDGE HISTORICAL DRILLING Hole ID UTM Easting UTM Northing Depth (m) RL (m) RL (ft) Azi Dip Year Significant* Zn From (m) PR-01 684268 5267744 92.0 1192 3910 200 -45 1984 16.8m @ 3.11% Zn 56.5 PR-02 684231 5267759 123.0 1198 3930 205 -45 1984 23.8m @ 1.15% Zn 70.1 4.4m @ 2.55% Zn
Slide 16: Competent Persons Statement
COMPETENT PERSONS STATEMENT Pelley Ridge & Hot Spur The information in this announcement that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Ms Cherie Leeden, who is consulting Technical Director of the Company. Ms Leeden is
Slide 17: Address
ADDRESS: 1202 HAY STREET WEST PERTH WA 6005 PH: +61 8 6319 1900 E: frontdesk@tntmines.com.au TNT Mines | Investor Presentation | 17