Slide 1: Investor Presentation
2 March 2023 For personal use only Investor Presentation Eclipse Metals Ltd (ASX:EPM) (FSE:9EU) (Eclipse Metals or the Company) is pleased to enclose its March investor presentation. Authorised for release by the Board. Carl Popal Executive Chairman +61 8 9480 0420 www.eclipsemtals.com.au eclipse me
Slide 2: Investor Presentation – January 2023
For personal use only ASX: EPM INVESTOR PRESENTATION – JANUARY 2023
Slide 3: Disclaimer
DISCLAIMER For personal use only Statements contained in this material, particularly those regarding out of or in connection with the information, its accuracy, possible or assumed future performance, costs, dividends, completeness or by reason of reliance by any person on any of it. production leve
Slide 4: About Eclipse Metals
A B O U T E C L I P S E M E TA L S For personal use only Vision Statement: To sustainably explore, and develop, mineral and metal projects in Tier-1 jurisdictions in Greenland and Australia. To be a leading supplier of rare earth oxides, quartz minerals and critical raw materials essential for the e
Slide 5: Corporate Summary
C O R P O R AT E S U M M A R Y For personal use only Corporate Snapshot ASX Code EPM FSE Code 9EU Eclipse Metals 12-month share price chart 14 $0.06 Shares on issue ~2,028m Millions Current Share Price A$0.021 12 $0.05 (as at 10 February 2023) 10 Market Capitalisation ~$43.0m $0.04 Cash $1.3m 8 (as
Slide 6: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only Focused on Our projects Projects are Building Detailed Experienced exploring for have potential close to relationships planning for Board and multi- for a large, infrastructure with exploration Management commodity highly – port, roads, Governments and wit
Slide 7: What Greenland Offers
W H AT G R E E N L A N D O F F E R S For personal use only Near-term production potential at Ivigtût – processing tailings and low- grade stockpiles for cryolite, fluorite and REE Ivigtût has potential for a large, highly profitable industrial mineral/REE operation Ivigtût is close to infrastructure
Slide 8: Ivigtût cryolite mine, Greenland
Ivigtût (aka Ivittuut) cryolite mine GREENLAND For personal use only THE WORLD’S LARGEST AND ONLY CRYOLITE MINE WITH REE (RARE EARTH ELEMENTS) EU Raw Material Commission assessed the criticality of 66 candidate materials in 2020 This included 63 individual materials and 3 material groups: - heavy ra
Slide 9: Greenland's MEL2007-45 – Ivigtût & Grønnedal
GREENLAND’S MEL2007-45 – IVIGTÛT & GRØNNEDAL For personal use only MEL2007-45 comprises: ▪ Historic Ivigtût cryolite mine ▪ 120-year mining history ▪ Produced 3.8 million tons of cryolite for use in aluminium production (Bondam, J, 1991) ▪ Grønnedal carbonatite complex ▪ Known to host rare earth ele
Slide 10: Polymetallic Potential: Rare Earths, Lithium & Industrial Minerals
P O LY M E TA L L I C P OT E N T I A L : R A R E E A R T H S , L I T H I U M & INDUSTRIAL MINERALS For personal use only Ivigtût and Grønnedal found to contain: 1. Industrial minerals in existing Ivigtût pit: ▪ Cryolite ▪ Fluorite ▪ High silica-grade quartz (99.9% SiO2) ▪ Zinc and Iron 2. REE minera
Slide 11: Exploration Potential at Grønnedal
E X P L O R AT I O N P OT E N T I A L AT G R Ø N N E D A L For personal use only ▪ Grønnedal contains a source of carbonatite minerals and rare earth elements ▪ Carbonate rock is suitable for neutralising acid mine and process water – needed for Greenland’s mining industry ▪ Eclipse could ship carbo
Slide 12: Working to Uncover Potential of MEL2007-45
WORKING TO UNCOVER POTENTIAL OF MEL2007 -45 T H R O U G H M E T H O D I C A L & S T R AT E G I C E X P L O R AT I O N For personal use only Since acquiring MEL2007-45 in January 2021, Eclipse Metals has: ▪ Sampled Ivigtût mine tailings and waste stockpiles ▪ Assessed and commenced sampling 19,000m h
Slide 13: Encouraging Early Results from 2022 Maiden Program
ENCOURAGING EARLY RESULTS FROM 2022 MAIDEN PROGRAM For personal use only Eclipse maiden drilling and sampling program 2022 included: ▪ Successful completion of a maiden percussion drilling and trench sampling program across the Ivigtût and Grønnedal targets. ▪ 40 holes across the project – 31 holes
Slide 14: Unique Rare Earth Mineralisation at Grønnedal
U N I Q U E R A R E E A R T H M I N E R A L I S AT I O N AT G R Ø N N E D A L - E L E V AT E D R AT I O O F M A G N E T I C R E E . For personal use only Initial XRF analysis has returned encouraging results for rare earth elements praseodymium (Pr) and neodymium (Nd), comprising up to 55% of the me
Slide 15: Greenland's Rare Earths Opportunity
GREENLAND’S RARE EARTHS OPPORTUNITY For personal use only ▪ Monopolistic supply conditions: Demand for Magnetic REE is increasing due to new technology uses (electric vehicles, electronics) ▪ Price control by suppliers far upstream in the supply chain will drive the need for magnetic REE as EV evolv
Slide 16: Ivigtût Exploration Targets
I V I G T Û T E X P L O R AT I O N TA R G E T S POTENTIAL ECONOMIC RESOURCES For personal use only Range Mineral Zone Domain Cut Off (%) Tonnage (t) Grade (%) Exploration Target - Lower Cryolite in Domain 1 0 870,300 16.0 Exploration Target - Upper Cryolite in Domain 1 0 916,200 17.7 Exploration Tar
Slide 17: Ivigtût High-Grade Quartz Opportunity
IVIGTÛT HIGH-GRADE QUARTZ OPPORTUNITY For personal use only ▪ High-grade quartz and quartz sand is essential for HIGH PURITY QUARTZ (HPQ) MARKET VALUE production of photovoltaic (PV) products, in high-end SHARE (%), 2020 electronics and semiconductors ▪ End uses include silicon, quartz glass, optica
Slide 18: Partnering with Greenland for Mutual Benefits
PARTN ERIN G WIT H GREEN LAN D FOR MUTUAL BENEFITS For personal use only Eclipse Metals is partnering with leading Greenland contractors: ▪ Geologists ▪ Drillers ▪ Transport providers Eclipse is working to preserve Ivigtût’s mining history, liaising with Sermersooq municipality to assist in restorin
Slide 19: Mary Valley Project, Queensland – Manganese Potential
M A R Y VA L L E Y P R O J E C T, Q U E E N S L A N D – M A N G A N E S E POTENTIAL For personal use only ▪ Eclipse holds 34km2 of manganese exploration terrain in Qld's Mary Valley district, southwest of Gympie ▪ Mary Valley hosts historic mines including Amamoor No.1, which produced nearly 20,000t
Slide 20: Rock Hill Copper Prospect, Northern Territory
R O C K H I L L CO P P E R P R O S P E C T, N O R T H E R N T E R R I TO R Y For personal use only ▪ Review of historic drill data from Rock Hill has defined high-grade copper-silver and broad zinc mineralisation ▪ Historic results include: ▪ 3.0m @ 1,420g/t Ag from 6.1m and ▪ 11.6m @ 0.43% Cu from
Slide 21: 2023 Planned News Flow – Greenland
2023 PLANNED NEWS FLOW – GREENLAND For personal use only • First laboratory results from drill and trench program due Q1 CY23 • Completion of scoping phase of Environmental & Social Impact Assessment, including pit water testing and dewatering strategy • Resource Drilling Program - 2023 Field Season
Slide 22: For personal use only
For personal use only Level 3, 1060 Hay Street, West Perth Western Australia 6005 Phone +61 8 9480 0420 | Email info@eclipsemetals.com.au www.eclipsemetals.com.au