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DELTA LITHIUM LIMITED — Investor Presentation 2021
Feb 14, 2021
64775_rns_2021-02-14_8a9ee80f-d2e1-473d-9732-1944354130b6.pdf
Investor Presentation
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EUREKA & WARRIEDAR GOLD PROJECTS
I N V E S T O R P R E S E N TAT I O N | F E B R U A R Y 2 0 2 1 | A S X : T I N
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 needs of any particular person. It does not constitute financial advice. In all cases recipients of this presentation should carry out their own independent enquiries and investigations into, and independent assessment and review of TNT Mines and the information contained in this presentation as well as forming their own views on all general economic, commercial, financial, technological and regulatory risks that may be associated with an investment in TNT Mines.
Forward looking Statements
This presentation contains forward looking and other subjective information. Such exemptions, projections and information are not a guarantee of future performance and involve unknown risks and uncertainties. Actual results and developments will almost certainly differ from those expressed or implied and should make your own assessment of the expectations, estimates, projections and the relevant assumptions and calculations based on which opinions, estimates and projections are based. No representation or warranty, express or implied, is given as to the accuracy of the information or opinions contained in this document and no liability is accepted by the company or director, member, officer, employee, agent or adviser for any such information or opinions.
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TNT Mines | Investor Presentation
| HIGHLY EXPERIENCED BOARD AND MANAGEMENT MATT BOYES CHIEF EXECUTIVE OFFICER ALEX HEWLETT NON-EXECUTIVE CHAIRMAN • Qualified geologist with 25 years’ industry experience and a strong background in mineral resource estimation, project development and operations management. Recently Chief Operating Officer for AIM-listed Patagonia Gold, overseeing construction of two gold-silver heap leach projects • Qualified geologist highly skilled at project identification and acquisition and was previously Chairman of Spectrum Metals Limited, overseeing its growth from mid-2018 to being taken over by Ramelius Resources in early 2020. BRETT MITCHELL EXECUTIVE DIRECTOR • Corporate finance executive with over 25 years of experience in finance & capital markets, specialising in project generation, financing of early-stage resources and technology companies. Chairman of ASX listed MGC Pharmaceuticals Ltd (ASX:MXC) JAMES CROSER NON-EXECUTIVE DIRECTOR • Qualified mining engineer with 20 years’ operational, technical and management experience in the Australian mining sector • Served as an executive on the boards of Spectrum Metals Ltd, Kalgoorlie Mining Company Ltd and Resources & Energy Group Ltd PETER WOODS NON-EXECUTIVE DIRECTOR • East Canyon Project vendor with 13 years’ equity capital markets and financial services experience, including directorships with Matador Mining (ASX:MZZ) • Director of boutique advisory and investment firm Bluebird Capital CORPORATESTRUCTURE TOP HOLDERS % ANTHONY BARTON AND ASSOCIATES JAMES CROSER AND ASSOCIATES 5.56 5.34 ALEX HEWLETT AND ASSOCIATES 5.26 CITYSCAPE ASSET PTY LTD 3.68 NAMEOPTY LTD 2.28 |
HIGHLY EXPERIENCED BOARD AND MANAGEMENT MATT BOYES CHIEF EXECUTIVE OFFICER ALEX HEWLETT NON-EXECUTIVE CHAIRMAN • Qualified geologist with 25 years’ industry experience and a strong background in mineral resource estimation, project development and operations management. Recently Chief Operating Officer for AIM-listed Patagonia Gold, overseeing construction of two gold-silver heap leach projects • Qualified geologist highly skilled at project identification and acquisition and was previously Chairman of Spectrum Metals Limited, overseeing its growth from mid-2018 to being taken over by Ramelius Resources in early 2020. BRETT MITCHELL EXECUTIVE DIRECTOR • Corporate finance executive with over 25 years of experience in finance & capital markets, specialising in project generation, financing of early-stage resources and technology companies. Chairman of ASX listed MGC Pharmaceuticals Ltd (ASX:MXC) JAMES CROSER NON-EXECUTIVE DIRECTOR • Qualified mining engineer with 20 years’ operational, technical and management experience in the Australian mining sector • Served as an executive on the boards of Spectrum Metals Ltd, Kalgoorlie Mining Company Ltd and Resources & Energy Group Ltd PETER WOODS NON-EXECUTIVE DIRECTOR • East Canyon Project vendor with 13 years’ equity capital markets and financial services experience, including directorships with Matador Mining (ASX:MZZ) • Director of boutique advisory and investment firm Bluebird Capital CORPORATESTRUCTURE TOP HOLDERS % ANTHONY BARTON AND ASSOCIATES JAMES CROSER AND ASSOCIATES 5.56 5.34 ALEX HEWLETT AND ASSOCIATES 5.26 CITYSCAPE ASSET PTY LTD 3.68 NAMEOPTY LTD 2.28 |
HIGHLY EXPERIENCED BOARD AND MANAGEMENT MATT BOYES CHIEF EXECUTIVE OFFICER ALEX HEWLETT NON-EXECUTIVE CHAIRMAN • Qualified geologist with 25 years’ industry experience and a strong background in mineral resource estimation, project development and operations management. Recently Chief Operating Officer for AIM-listed Patagonia Gold, overseeing construction of two gold-silver heap leach projects • Qualified geologist highly skilled at project identification and acquisition and was previously Chairman of Spectrum Metals Limited, overseeing its growth from mid-2018 to being taken over by Ramelius Resources in early 2020. BRETT MITCHELL EXECUTIVE DIRECTOR • Corporate finance executive with over 25 years of experience in finance & capital markets, specialising in project generation, financing of early-stage resources and technology companies. Chairman of ASX listed MGC Pharmaceuticals Ltd (ASX:MXC) JAMES CROSER NON-EXECUTIVE DIRECTOR • Qualified mining engineer with 20 years’ operational, technical and management experience in the Australian mining sector • Served as an executive on the boards of Spectrum Metals Ltd, Kalgoorlie Mining Company Ltd and Resources & Energy Group Ltd PETER WOODS NON-EXECUTIVE DIRECTOR • East Canyon Project vendor with 13 years’ equity capital markets and financial services experience, including directorships with Matador Mining (ASX:MZZ) • Director of boutique advisory and investment firm Bluebird Capital CORPORATESTRUCTURE TOP HOLDERS % ANTHONY BARTON AND ASSOCIATES JAMES CROSER AND ASSOCIATES 5.56 5.34 ALEX HEWLETT AND ASSOCIATES 5.26 CITYSCAPE ASSET PTY LTD 3.68 NAMEOPTY LTD 2.28 |
HIGHLY EXPERIENCED BOARD AND MANAGEMENT MATT BOYES CHIEF EXECUTIVE OFFICER ALEX HEWLETT NON-EXECUTIVE CHAIRMAN • Qualified geologist with 25 years’ industry experience and a strong background in mineral resource estimation, project development and operations management. Recently Chief Operating Officer for AIM-listed Patagonia Gold, overseeing construction of two gold-silver heap leach projects • Qualified geologist highly skilled at project identification and acquisition and was previously Chairman of Spectrum Metals Limited, overseeing its growth from mid-2018 to being taken over by Ramelius Resources in early 2020. BRETT MITCHELL EXECUTIVE DIRECTOR • Corporate finance executive with over 25 years of experience in finance & capital markets, specialising in project generation, financing of early-stage resources and technology companies. Chairman of ASX listed MGC Pharmaceuticals Ltd (ASX:MXC) JAMES CROSER NON-EXECUTIVE DIRECTOR • Qualified mining engineer with 20 years’ operational, technical and management experience in the Australian mining sector • Served as an executive on the boards of Spectrum Metals Ltd, Kalgoorlie Mining Company Ltd and Resources & Energy Group Ltd PETER WOODS NON-EXECUTIVE DIRECTOR • East Canyon Project vendor with 13 years’ equity capital markets and financial services experience, including directorships with Matador Mining (ASX:MZZ) • Director of boutique advisory and investment firm Bluebird Capital CORPORATESTRUCTURE TOP HOLDERS % ANTHONY BARTON AND ASSOCIATES JAMES CROSER AND ASSOCIATES 5.56 5.34 ALEX HEWLETT AND ASSOCIATES 5.26 CITYSCAPE ASSET PTY LTD 3.68 NAMEOPTY LTD 2.28 |
HIGHLY EXPERIENCED BOARD AND MANAGEMENT MATT BOYES CHIEF EXECUTIVE OFFICER ALEX HEWLETT NON-EXECUTIVE CHAIRMAN • Qualified geologist with 25 years’ industry experience and a strong background in mineral resource estimation, project development and operations management. Recently Chief Operating Officer for AIM-listed Patagonia Gold, overseeing construction of two gold-silver heap leach projects • Qualified geologist highly skilled at project identification and acquisition and was previously Chairman of Spectrum Metals Limited, overseeing its growth from mid-2018 to being taken over by Ramelius Resources in early 2020. BRETT MITCHELL EXECUTIVE DIRECTOR • Corporate finance executive with over 25 years of experience in finance & capital markets, specialising in project generation, financing of early-stage resources and technology companies. Chairman of ASX listed MGC Pharmaceuticals Ltd (ASX:MXC) JAMES CROSER NON-EXECUTIVE DIRECTOR • Qualified mining engineer with 20 years’ operational, technical and management experience in the Australian mining sector • Served as an executive on the boards of Spectrum Metals Ltd, Kalgoorlie Mining Company Ltd and Resources & Energy Group Ltd PETER WOODS NON-EXECUTIVE DIRECTOR • East Canyon Project vendor with 13 years’ equity capital markets and financial services experience, including directorships with Matador Mining (ASX:MZZ) • Director of boutique advisory and investment firm Bluebird Capital CORPORATESTRUCTURE TOP HOLDERS % ANTHONY BARTON AND ASSOCIATES JAMES CROSER AND ASSOCIATES 5.56 5.34 ALEX HEWLETT AND ASSOCIATES 5.26 CITYSCAPE ASSET PTY LTD 3.68 NAMEOPTY LTD 2.28 |
3 CAPITAL STRUCTURE TIN CURRENT SHARE PRICE 21c SHARES ON ISSUE 96.4M MARKET CAP $20.2M CASH & RECEIVABLES @ 31/12/20 ~$4.7M ENTERPRISE VALUE $15.5M SHARE PRICE MOVEMENT TNT Mi It Ptti ~~*Market capitalisation @ $0.21 (undiluted)~~ |
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| HIGHLY EXPERIENCED BOARD AND MANAGEMENT | |||||
| MATT BOYES CHIEF EXECUTIVE OFFICER ALEX HEWLETT NON-EXECUTIVE CHAIRMAN |
• Qualified geologist with 25 years’ industry experience and a strong background in mineral resource estimation, project development and operations management. Recently Chief Operating Officer for AIM-listed Patagonia Gold, overseeing construction of two gold-silver heap leach projects • Qualified geologist highly skilled at project identification and acquisition and was previously Chairman of Spectrum Metals Limited, overseeing its growth from mid-2018 to being taken over by Ramelius Resources in early 2020. |
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| BRETT MITCHELL EXECUTIVE DIRECTOR |
• Corporate finance executive with over 25 years of experience in finance & capital markets, specialising in project generation, financing of early-stage resources and technology companies. Chairman of ASX listed MGC Pharmaceuticals Ltd (ASX:MXC) |
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| JAMES CROSER NON-EXECUTIVE DIRECTOR |
• Qualified mining engineer with 20 years’ operational, technical and management experience in the Australian mining sector • Served as an executive on the boards of Spectrum Metals Ltd, Kalgoorlie Mining Company Ltd and Resources & Energy Group Ltd |
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| PETER WOODS NON-EXECUTIVE DIRECTOR |
• East Canyon Project vendor with 13 years’ equity capital markets and financial services experience, including directorships with Matador Mining (ASX:MZZ) • Director of boutique advisory and investment firm Bluebird Capital |
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| TOP HOLDERS | % | ||||
| ANTHONY BARTON AND ASSOCIATES JAMES CROSER AND ASSOCIATES ALEX HEWLETT AND ASSOCIATES CITYSCAPE ASSET PTY LTD NAMEOPTY LTD |
5.56 5.34 |
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| 5.26 | |||||
| 3.68 | |||||
| 2.28 |
TNT Mines | Investor Presentation
AN OUTSTANDING INVESTMENT OPPORTUNITY
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Company-making potential in underexplored gold projects, Eureka and Warriedar, in wellknown WA mining districts
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Both projects feature historic high-grade production close to infrastructure including operating gold mills
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Opportunity for rapid delineation of significant shallow high grade gold resources
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12,000m RC drilling program near completion at Eureka
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Exposure to US Uranium and Zinc through highly prospective East Canyon uranium project in south-eastern Utah and the Pelley Ridge Project in Montana
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Eureka and Warriedar Gold Project Locations
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TNT Mines | Investor Presentation
EUREKA MINE
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Eureka Project comprises of 5 tenements including 4 mining leases and 1 exploration permit to the west of existing pit
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Ground position sits 50km North of Kalgoorlie - excellent access and supporting infrastructure
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Minimal exploration completed outside of known pit area Initial RC drilling program now near completion with 8000m+ completed as of early February
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Eureka Project Location Map
TNT Mines | Investor Presentation
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Good Widths of oxidized material intersected close to existing pit boundary
RECENT DRILLING ADDING TO STRIKE EXTENSION IN
PREVIOUSLY UNTESTED AREAS
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Mineralisation is not closed off in either direction North or South of existing Resource
Down dip extensions will be tested in mid Feb as a larger capacity RC rig now onsite
TNT Mines | Investor Presentation 6
*Refer to ASX: TIN announcement dated 9 February 2021 ‘ Strong initial gold results delivered from Eureka South’
NEAR PIT EXPLORATION TARGETS
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4 main areas now tested
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To date 30% of assays returned
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Drilling continues with program expanded to 12,000m Results pending for majority of drilling completed
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Company aiming to complete a resource update in Q2 for the main lode and Laterite areas
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Best results to date included 34m @ 1.75/gt Au in WRRC0081, 14m @ 2.09 in WRRC0001 and 4m @ 6.56g/t Au in hole WRRC0082 located within the southern pit extension area*
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*Refer to ASX: TIN announcement dated 9 February 2021 ‘ Strong initial gold results delivered from Eureka South’
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TNT Mines | Investor Presentation
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EUREKA – DRILLING COMMENCED ON NORTHERN TARGET AREA
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Assays received for 4 holes in the Northern target area
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Mineralisation open to North and South of existing old workings, structure visible in surface trenching and intersected in multiple holes, WRRC0018 5m @ 2.88 g/t Au including 1m @ 10.58/g/t from 27m in thick qtz vein* 15 holes with results pending further drilling will be designed
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Mineralisation intersected close to contact with large cross cutting Gabbro dykes in 2 holes assays pending
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TNT Mines | Investor Presentation
*Refer to ASX: TIN announcement dated 9 February 2021 ‘ Strong initial gold results delivered from Eureka South’
WARRIEDAR PROJECT
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45km[2] tenements including granted Mining Leases
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Close to Perth and existing infrastructure
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Tenements feature historic mine workings that produced highgrade gold
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Includes Reids Ridge mine
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Walk-up drill targets
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Area to date is underexplored
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Awaiting POW approval for first pass drill programme
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Warriedar Project Location Map
TNT Mines | Investor Presentation
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REIDS RIDGE MINE & COMMODORE TARGET
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Large fault mappable over 3km in length
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Multiple Au occurrences along strike with Reids Ridge mine and Commodore prospect
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Relatively little exploration below existing workings
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High grade structure
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Au Occurrences over Reids Ridge and Commodore Prospects
TNT Mines | Investor Presentation 10
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REIDS RIDGE MINE
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Initial drill targets down dip of current mine and open to south and north Drilling planned for Q1 2021 Initial 5000m program designed to step out from known high grade intercepts
Untested structure at depth and North to Commodore
TNT Mines | Investor Presentation
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LARGE LAND POSITION MULTIPLE TARGETS TO TEST IN 2021
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Regional targets to be tested in 2021 including Mt Laws extension, Langs Find AC programs designed to test geochem anomalies across BIF horizons RC program to test southern strike extent of Golden Eagle
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Geochem Anomalies Over air Mag survey highlighting regional targets
TNT Mines | Investor Presentation
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ADDITIONAL NOTES TO MINERAL RESOURCE ESTIMATION
The Mineral Resource as presented in Table 1 have been estimated on the basis of historical and recent drilling at the Project by Independent consulting resource geologist Richard Maddocks. Further details of the Mineral Resource estimation are provided in ASX: TIN 23rd October 2020 ‘TNT Acquires Historic Western Australian Gold Projects’.
The aggregate resource figures referenced in this announcement is broken down into JORC-compliant resource categories as set out below.
| Category | Tonnes Gradeg/t Ounces Au |
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| Indicated | 434,000 1.80 25,200 |
| Inferred | 328,000 1.70 17,900 |
| Total | 762,000 1.80 43,100 |
Table 1. Eureka JORC (2012) compliant Mineral Resources reported at 0.50g/t Au cut-off
COMPETENT PERSONS STATEMENT
The information in this report that relates to Exploration Targets and Mineral Resource estimates is based on information compiled by Richard Maddocks, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Richard Maddocks is an independent consultant to Warriedar Mining Pty Ltd. Mr Maddocks has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Mineral Resources and Ore Reserves’. Mr. Maddocks consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
For information referring to the exploration results in this document, refer to announcements dated 11/5/2020. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of estimates of Mineral Resources, Exploration Target or Ore Reserves that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements; and that the information in the announcement relating to exploration results is based upon, and fairly represents the information and supporting documentation prepared by the named Competent Persons.
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TNT Mines | Investor Presentation | 13
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1202 HAY STREET WEST PERTH WA 6005 PH: +61 8 6319 1900
TNT Mines | Investor Presentation
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