AI assistant
PRODIGY GOLD NL — AGM Information 2017
Nov 28, 2017
65615_rns_2017-11-28_7f82a22c-d530-4df0-b1f4-cd2a0160266e.pdf
AGM Information
Open in viewerOpens in your device viewer
Tanami Region - Unlocking the Discovery Potential
AGM Presentation
November 2017
Matt Briggs Managing Director
==> picture [91 x 20] intentionally omitted <==
----- Start of picture text -----
Investor Presentation
November 2017
----- End of picture text -----
IMPORTANT INFORMATION
This presentation has been prepared by ABM Resources NL (“ABM” or the “Company”). This presentation is for information purposes only and should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation.
This presentation contains forecasts and forward looking statements and information which are based on internal business data and information obtained from external sources. Forward looking statements may be identified by the use of words such as “anticipate”, “expect”, “estimate”, “planned”, “forecast”, “likely”, “intend” and other similar expressions. Such forecasts and information are not a guarantee of future performance and involve unknown risks, uncertainties and contingencies which may impact future outcomes on the Company. Actual results and developments will therefore almost certainly differ materially from those expressed or implied. ABM has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by law, ABM makes no representation and gives no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this presentation.
The information in this presentation is given in summary form and does not purport to be all inclusive or contain all information which you may require in order to make an informed assessment of the Company’s prospects. Nothing contained in this presentation constitutes investment advice, financial product advice or legal, tax, accounting or other advice, nor does it take into account the financial situation, objectives or needs of any person. ABM is not licensed to provide financial product advice.
You should not act or refrain from acting in reliance on this presentation material. You should conduct your own investigation, perform your own analysis and obtain independent professional advice, in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation and in making any investment decision in respect of ABM.
COMPETENT PERSONS STATEMENT
The information in this presentation relating to exploration targets and exploration results are based on information reviewed and checked by Mr Matt Briggs who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Briggs is a full time employee of ABM Resources NL and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves”. Mr Briggs consents to the inclusion in the documents of the matters based on this information in the form and context in which it appears.
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources 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 announcement.
Refer to previous Company ASX announcements for full resource estimation details, drill hole details, and intercept calculations.
Investor Presentation November 2017
2
ABM Resources has what an explorer needs and a producer wants
| Unique Greenfields and | | New team are actively hunting for a major discovery in highly prospective underexplored belts | |||
|---|---|---|---|---|---|
| Brownfields Exploration Portfolio | | Massive strategic land holding in proven multi-million ounce district (Callie Mine - Newmont) | |||
| Quality Resources - +1Moz | | Existing value underpinned by over 1.0Moz @ 2.1g/t of shallow Resources with growth potential | |||
| and Growing | | Surrounded by Majors – Newmont & Northern Star | |||
| Aggressive Exploration Program | |
Aggressive work program planned to screen all priority projects for large deposits 6 drilling campaigns planned in 2018 + JV partners activity |
|||
| Active JV Partner | | IGO to spend $6M to earn 70% of Lake Mackay – IGO 9.1% holder of ABM shares | |||
| | North Arunta – Exploration Agreement executed with Thunderbird Metals | ||||
| Strong Investor Support | |
~$3.7 million cash at 30 September 2017 (excluding A$2.5m cash reserved for environmental bonds) 46% of the company’s shares held by top four long term shareholders |
|||
Investor Presentation November 2017
3
Section 1
Overview
Investor Presentation November 2017
4
| Capital Structure | Capital Structure |
|---|---|
| Shares on Issue | 375.2m |
| Unlisted options | 21m |
| Net Cash1 | A$3.7m |
| Market Cap2 | A$35m |
Shareholding Structure[3]
==> picture [343 x 178] intentionally omitted <==
----- Start of picture text -----
18.2%
Pacific Road Capital
APAC Resources Capital
13.6%
53.9% Independence Group NL
Craton Capital
9.1% Other ABM Shareholders
5.3%
----- End of picture text -----
-
1 Available cash excludes A$2.5m cash reserved for required cash backing of environmental bonds as at 30 September 2017
-
2 Based on closing share price of $0.094 as at 28 November 2017
| Board of Directors | Board of Directors | Board of Directors |
|---|---|---|
| Tommy McKeith | Non-Executive Chairman | Appointed 27/06/16 |
| Matt Briggs | Managing Director | Commenced 3/10/16 |
| Brett Smith | Non-Executive Director | Appointed 9/5/16 |
| Mark Faul | Non-Executive Director | Appointed 12/6/17 |
Historical Share Price
==> picture [441 x 203] intentionally omitted <==
----- Start of picture text -----
18 3
Volume
16
2.5
14
12 2
10
1.5
8
6 1
4
0.5
2
0 0
Cents Millions
Nov 16 Dec 16 Jan 17 Feb 17 Mar 17 Apr 17 May 17 Jun 17 Jul 17 Aug 17 Sep 17 Oct 17 Nov 17
----- End of picture text -----
- 3 Substantial shareholders as at 31 October 2017
Investor Presentation November 2017
5
ABM focus on large stand alone targets – monetise other Resources
1. Tanami Ground Package
-
6 drill programs in 2018 + geophysics
-
Same corridors as Callie 12Moz (NEM) and Groundrush 1.7Moz (NST)
-
Extensive tenement package
-
1Moz of Resources within 100km of mills
-
Low exploration intensity
-
Large scale anomalies not bedrock tested
2. Lake Mackay JV – IGO
-
Cu-Au and Orogenic Au potential
-
Only 4% screened with EM
-
2 of 5 targets tested hit mineralisation
3. North Arunta & Reynolds Range
-
Early stage
-
Likely Cu-Au mineralisation
-
Exploration agreement signed with Thunderbird Metals to earn up to a 70% interest in the North Arunta project
==> picture [557 x 402] intentionally omitted <==
----- Start of picture text -----
1. Tanami Ground Package
Targeting Callie lookalikes
3. North Arunta JV
3. Reynolds Range
2. Lake Mackay JV
Base metal and Copper – Gold Targets
500km
----- End of picture text -----
Investor Presentation
November 2017
6
Section 2
Tanami
Investor Presentation November 2017
7
ABM is focused on undertaking a systematic work plan prioritising large scale targets (>1Moz)
Home of World Class Deposits
-
Callie is a world class gold deposit with 8Moz mined and current mine life of 12 years
-
Annual production of 459kozpa and AISC US$739/oz[1]
-
Discovery through bedrock geochemistry and >50ppb gold anomaly under cover
ABM’s Prospective Tenure
-
Same structural corridors and rocks as world class Callie 12Moz (NEM) and Groundrush 1.7Moz (NST)
-
Proximal to regional structures that control the major deposits
-
Divested by Newmont in 2010 before they “unlocked” the geology at Callie Mine
ABM Project Areas
-
Low exploration intensity - underexplored
-
Large scale anomalies not bedrock tested – many with coincident arsenic and/or gold anomalism
==> picture [69 x 8] intentionally omitted <==
----- Start of picture text -----
Basement Geology
----- End of picture text -----
1NEM 2016 Annual Report
Investor Presentation
November 2017
8
Bedrock testing required to detect Callie style
systems
-
Shallow cover over 80% of the Tanami
-
Previous exploration used soil sampling to screen / prioritise targets – not effective
Limited bedrock testing undertaken historically
-
Only tested residual anomalies and direct extensions
-
Majority of areas with cover have no bedrock testing
-
78% of tenure does not have a single RC or Diamond hole
Investor Presentation November 2017
9
Exploring for >1Moz Callie style deposits in the Tanami
-
Systematic work plan prioritising large scale targets (>1Moz)
-
Review geochemistry with gravity and magnetic anomalism critical for predictive targeting
-
Field mapping, geochemistry, alteration mapping, geophysics, structural interpretation
-
Prospectivity analysis to drive acquisition of new geophysics and focus areas
-
Ranking of Prospects
-
Geological parameters
-
Strength of anomalism
-
Progress compelling high ranked targets
-
Future work programs include:
-
Magnetics and soils over large scale conceptual targets
-
Reconnaissance RAB (1km x 1km AC/RAB)
-
Anomaly definition (infill AC)
-
Advanced targets (RC & DD)
==> picture [373 x 385] intentionally omitted <==
----- Start of picture text -----
prior to 2017
----- End of picture text -----
Investor Presentation
November 2017
>1 Moz of shallow Resources updated under current management
==> picture [379 x 390] intentionally omitted <==
- High quality Resources underpin current value – 15.3Mt @ 2.1g/t for 1Moz gold
>1Moz of Resources within 100km of mills
Strategic Suplejack resource (4.5Mt at 2.1g/t for 310koz of gold ) located only 19km from Groundrush and 58km from Central Tanami JV Plant (Northern Star) Growth potential on all Resources – 1,600m RC Program completed at Suplejack Negotiations on divestments are continuing
| Indicated | Indicated | Indicated | Inferred | Inferred | Inferred | Total | Total | Total | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Area | Cut Off (g/t) |
Tonnes (Mt) |
Grade (g/t Au) |
Ounces (koz Au) |
Tonnes (Mt) |
Grade (g/t Au) |
Ounces (koz Au) |
Tonnes (Mt) |
Grade (g/t Au) |
Ounces (koz Au) |
| Suplejack Total | 0.8 | 0.93 | 2.34 | 70.2 | 3.58 | 2.08 | 239.6 | 4.51 | 2.14 | 309.9 |
| Twin Bonanza Total | 1.0 | 1.2 | 1.86 | 72 | 9.52 | 2.1 | 630 | 10.76 | 2.0 | 700 |
| ABM Resources Total | Various | 2.1 | 2.1 | 142.2 | 13.1 | 2.1 | 869.1 | 15.27 | 2.1 | 1,010 |
Resources may not sum to equal totals due to rounding. Refer to announcement 1 September 2017.
Investor Presentation
November 2017
11
Section 3
2017 Activities
Investor Presentation November 2017
12
2017 Aims
-
Screen for other target positions
-
Define shoot controls
==> picture [587 x 150] intentionally omitted <==
----- Start of picture text -----
•
Resource growth
2016 2017
Diamond Drilling Suplejack Resource Update RC Drilling AC Drilling
• 7 holes • 22 holes • 179 holes
• 1,906 metres • 3,952 metres
----- End of picture text -----
==> picture [126 x 77] intentionally omitted <==
----- Start of picture text -----
Geochem study co-
funded with the CSIRO
and Dept. of Industry
----- End of picture text -----
==> picture [431 x 143] intentionally omitted <==
----- Start of picture text -----
Lithological control Supplejack Seuss drilled over 300m
of grade recognised 4.5Mt @2.1g/t for 310koz 5m @ 60.9g/t
6m @ 19.4g/t
Seuss • Increase of 53% 3m @ 19.9g/t
13m @ 5.6g/t • First indicated Resource 8m @ 5.4g/t
Hyperion South • First resource on Seuss 7m@ 4.7 g/t
9m @ 5.4g/t
Shoot controls defined
----- End of picture text -----
Tested 6 target areas Seuss structure defined over 800m Extensions to Hyperion South & Stoney Ridge
Suplejack confirmed to be Mt Charles Fm.
==> picture [211 x 331] intentionally omitted <==
----- Start of picture text -----
2018
RC Drilling Suplejack
• 10 holes Resource Update
• 1,608 metres
----- End of picture text -----
Quartz breccia in RC chips
Investor Presentation November 2017
13
Drilling for strike extensions and additional shoots
==> picture [548 x 399] intentionally omitted <==
-
New structure recognised by combining structure and stratigraphic controls of mineralisation
-
Anomalism demonstrates multiple similar targets and extensions
-
Shallow, oxide and sulphide hosted high grade faults
-
Recently extended to >800 metres strike in aircore drilling
-
Open along strike and down plunge
-
June 2017 RC drill results[1] suggest underground potential
-
Results include:
-
SSRC100008 – 5 metres at 60.9g/t gold
-
SSRC100007 – 6 metres at 19.4g/t gold
-
SSRC100019 – 3 metres at 19.9g/t gold
-
SSRC100015 – 8 metres at 5.4g/t gold & 7 metres at 4.7g/t gold
An additional 1,600m RC drilling program has been completed
1ASX 8 June 2017
Investor Presentation
November 2017
14
==> picture [129 x 12] intentionally omitted <==
----- Start of picture text -----
September Aircore Results
----- End of picture text -----
==> picture [87 x 12] intentionally omitted <==
----- Start of picture text -----
Recent RC Drilling
----- End of picture text -----
g/t Nov. 2017 RC Hole
Investor Presentation
See announcement ASX 13 September and 20 November 2017 for details
November 2017
15
2017 Aims
-
Test DPG anomaly
-
Re-target with updated Database
==> picture [920 x 317] intentionally omitted <==
----- Start of picture text -----
•
Commence systematically screening priority targets
2017
Loading of historic data Homestead cofounded CGSG and ABM Tanami Capstan AC Drilling Bluebush AC Drilling
and re-targeting diamond hole targeting study • 95 holes • 64 holes
Thick basalt cover Dead Bullock Fm. Large scale gold Tested 4 target areas
intersected confirmed anomalism defined
Source of DPIL over 8km All results are pending
anomaly not Prior shallow holes
detected shown to be
ineffective
Target
deprioritised Confirmed Dead
Bullock Fm.
----- End of picture text -----
Investor Presentation November 2017
DPG - Deep Penetrating Geochemistry
16
==> picture [575 x 397] intentionally omitted <==
-
Folded Dead Bullock Fm. in faulted antiform hinges
-
Same rock type and structural setting as the Callie Mine 5 Targets tested – 159 holes completed late October Rapidly screening priority target areas Wide spaced and targeted drilling Results for Wild Turkey, Big Cuban, Indefatigable & Hornblower expected in Q4
Investor Presentation November 2017
17
Capstan Results
-
8km of bedrock gold anomalism[1]
-
Thick intersections
-
Same rocks and structural setting as Callie
-
Aggressively drill at the start of 2018
-
Demonstrates historic post and vacuum drilling is ineffective
1ASX 21 November 2017
Investor Presentation November 2017
18
Section 4
Lake Mackay JV
Investor Presentation November 2017
19
Systematic exploration program currently being executed and funded by IGO
-
A belt scale opportunity with the potential to host gold and base metal deposits
-
IGO to fund $6 million by May 2020 to earn a 70% interest
-
To date IGO have completed an initial screening of only 4% of the project area and have demonstrated the prospectivity of Lake Mackay with high grade results
-
Remainder of 2017 activities:
-
Soil sampling
-
Orientation airborne EM
Lake Mackay Project location plan focused on the Proterozoic Warumpi margin covering 200km strike of prospective geology, centred on a continent-scale geophysical gravity ridge.
Ground electromagnetic survey and initial drilling identified mineralisation (9/12 holes anomalous at Grapple):
Bumblebee (15LMAC031)[1] : 7 m at 3.3g/t gold, 37.7g/t silver, 3.2% copper, 0.9% lead, 1.3% zinc and 0.08% cobalt Grapple (16GRRC007)[2] : 6m at 8.98 g/t gold, 23.5 g/t silver, 1.45% copper, 0.26% lead, 1.40% zinc and 0.15% cobalt Grapple (16GRRC010)[2] : 9m at 5.23 g/t gold, 12.8 g/t silver, 1.4% copper, 0.23% lead, 0.57% zinc and 0.07% cobalt Grapple (17GRDD001)[2] : 11m at 7.9 g/t gold, 20.7 g/t silver, 0.8% copper, 0.5% lead, 1.1% zinc and 0.1% cobalt
Investor Presentation
1ASX 6 October 2015 2ASX 20 December 2016
November 2017
20
6 hole diamond drilling program completed[1]
-
First diamond hole 17GRDD001 intersected 11.4m @ 7.9 g/t gold, 20.7g/t silver, 0.8% copper, 1.1% zinc, 0.5% lead and 0.1% cobalt
-
6 hole program extended strike length to 800 metres and open to the west
==> picture [500 x 325] intentionally omitted <==
17GRDD005 - pyrrhotite-chalcopyrite breccia
| Hole Name | From (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
Cu (%) |
Zn (%) |
Pb (%) |
|---|---|---|---|---|---|---|---|
| 17GRDD001 | 284.9 | 11.40 | 7.9 | 20.7 | 0.8 | 1.1 | 0.5 |
| including | 288.8 | 3.45 | 18.3 | 13.1 | 1.1 | 0.3 | 0.2 |
| 17GRDD001 | 348.0 | 14.40 | 1.8 | 6.0 | 1.1 | 0.3 | 0.1 |
| including | 348.0 | 2.00 | 7.2 | 1.0 | 0.2 | 0.1 | 0.0 |
Investor Presentation November 2017
21
1ASX 15 November 2017
Section 5
Forward Program
Investor Presentation November 2017
22
==> picture [920 x 427] intentionally omitted <==
----- Start of picture text -----
Q4 Q1 Q2 Q3 Q4
2017 2018
Tanami Projects Bluebush Bluebush RAB Bluebush RAB RC
Bluebush Aircore 15,000m 15,000m drilling
Suplejack RC Suplejack Tregony & Nth
Tanami Projects RC Suplejack RAB RC Resource
program Resource Suplejack
Suplejack 1,600m Update Review drilling 15,000m drilling Update
Airborne Soil Sampling &
Lake Mackay JV RC/DD Drilling
EM Trial Airborne EM
North Arunta JV
Due Diligence
Announcement
Investor Presentation
----- End of picture text -----
Investor Presentation November 2017
23
-
Grapple Diamond drilling results
-
Suplejack RC drilling underway
-
Capstan Reconnaissance aircore results
-
Lake Mackay JV airborne EM trial
-
Wild Turkey aircore results
-
Indie/Hornblower aircore results
-
Suplejack RC Results
Investor Presentation November 2017
24
ABM is well positioned with a clear strategy to unlock the discovery potential in the Tanami
| – | Over 8,000km2 of granted tenure§ | |||
|---|---|---|---|---|
| | Large contiguous tenure over | – | Over 13,000km2 application tenure§ | |
| under-explored gold district | – | Located in belts containing major gold deposits e.g. Callie (Newmont) and Groundrush (Northern Star/Tanami Gold) | ||
| – | >1.0 million ounces of Mineral Resources | |||
| | A team with a demonstrated track record of discovery |
– – – |
Highly qualified and motivated management and exploration team involved in several major gold discoveries Significant experience operating in the Tanami region Focus on progressing rapidly to drill testing using a predictive approach based on structural geology and multi-element geochemistry |
|
| | Well funded with strong investor support |
– – – |
As at 30 September 2017 ~$3.7 million cash excluding A$2.5m cash reserved for required cash backing of environmental bonds A strong focus on putting $$ in the ground 46% of the company’s shares held by top four long term investors |
|
| | Focus exploration within the | – | Extend and delineate mineralisation at the Suplejack project | |
| Tanami Project | – | Systematically explore and drill test targets at the Tanami project | ||
| | Successful Lake Mackay JV | – | Independence Group NL has successfully demonstrated Lake Mackay1 is an emerging metallogenic province | |
| | Rationalise portfolio to drive value |
– | Divest or farm-out the early stage target areas and Resource projects |
ABM Resources has what an explorer needs and a producer wants
1 Independence will earn a 70% interest in Lake Mackay project by sole funding $6 million in exploration expenditure by May 2020 § ABM managed tenure
Investor Presentation
November 2017
25
Contacts
WWW.ABMRESOURCES.COM.AU
==> picture [91 x 20] intentionally omitted <==
----- Start of picture text -----
Investor Presentation
November 2017
----- End of picture text -----
26
Section 6
Appendices
Investor Presentation November 2017
27
Successful explorers that understand what it takes to make a mine
Non-Executive Chairman - Mr Tommy McKeith BSc Hons (Geol), GDE (Mining), MBA, Fellow AusIMM
-
Resource company executive with 28 years’ experience in various exploration, business development, mine geology and executive leadership roles
-
Led exploration teams to several significant discoveries and concluded several significant business development transactions
-
Formerly Executive Vice President: Growth and International Projects for Gold Fields Ltd, CEO of Troy Resources Ltd and held non-executive director roles at Sino Gold Ltd and Avoca Resources
-
Non-executive director of Evolution Mining Ltd
Managing Director - Mr Matt Briggs BSc (Geology), Member AusIMM
-
20 years’ experience in Australia and internationally in various aspects of mine geology, exploration, project management and strategic leadership in the gold industry
-
• Recently headed Group Strategic Planning for Gold Fields Limited
-
Directly involved or managed teams that have discovered several multi-million ounce gold deposits
Exploration Manager - Mr Neil Jones MSc (Geology)
-
Geologist with 18 years’ experience including greenfields and brownfields exploration
-
Recent roles as a geologist for Gold Fields, PMI Gold and Troy Resources exploring primarily for gold
-
Extensive experience in Paleoproterozoic and Archean terrains around the globe
| Other Key Management | |
|---|---|
| Jutta Zimmermann | CFO and Company Secretary |
| Alwin van Roij | Senior Exploration Geologist |
| Consultants | |
| James Davis | Generative Geologist |
| Investor Presentation November 2017 Oliver Kreuzer (CGSG) |
Generative Geologist |
28
Old Pirate Mineral Resource Estimate by Classification (Au > 1g/t)
| Old Pirate Resource estimation at 1g/t cut-off | Old Pirate Resource estimation at 1g/t cut-off | Old Pirate Resource estimation at 1g/t cut-off | Old Pirate Resource estimation at 1g/t cut-off |
|---|---|---|---|
| Category | Tonnes (Mt) |
Grade (g/t Au) |
Contained Ounces |
| Indicated | 0.04 | 4.6 | 6,500 |
| Inferred | 0.72 | 4.7 | 108,500 |
| Total | 0.76 | 4.7 | 114,900 |
Resources may not sum to equal totals due to rounding. Refer to announcement 19 August 2016.
Buccaneer Mineral Resource Estimate by Classification (Au > 1g/t)
| Buccaneer Higher Grade Zone Resources at 1g/t cut-off | Buccaneer Higher Grade Zone Resources at 1g/t cut-off | Buccaneer Higher Grade Zone Resources at 1g/t cut-off | Buccaneer Higher Grade Zone Resources at 1g/t cut-off |
|---|---|---|---|
| Category | Tonnes (Mt) |
Grade (g/t Au) |
Contained Ounces |
| Indicated | 1.2 | 1.67 | 65,000 |
| Inferred | 8.8 | 1.84 | 521,000 |
| Total | 10.0 | 1.82 | 586,000 |
Resources may not sum to equal totals due to rounding. Refer to announcement 1 September 2017.
Investor Presentation November 2017
29
Suplejack Mineral Resource Estimate Feb 17 by Classification and Domain
| Suplejack-Project – Mineral Resource Estimate – February 2017 | Suplejack-Project – Mineral Resource Estimate – February 2017 | Suplejack-Project – Mineral Resource Estimate – February 2017 | Suplejack-Project – Mineral Resource Estimate – February 2017 | Suplejack-Project – Mineral Resource Estimate – February 2017 | Suplejack-Project – Mineral Resource Estimate – February 2017 | Suplejack-Project – Mineral Resource Estimate – February 2017 | Suplejack-Project – Mineral Resource Estimate – February 2017 | Suplejack-Project – Mineral Resource Estimate – February 2017 | Suplejack-Project – Mineral Resource Estimate – February 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Area | Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | Tonnes | Grade | Ounces |
| Million t | Au g/t | Oz | Million t | Au g/t | Oz | Million t | Au g/t | Oz | |
| Indicated | Inferred | Total | |||||||
| Oxide | |||||||||
| Hyperion-Tethys | 0.04 | 1.70 | 2,300 | 0.21 | 3.01 | 20,500 | 0.25 | 2.79 | 22,800 |
| Seuss | 0.17 | 2.48 | 13,600 | 0.17 | 2.48 | 13,600 | |||
| Hyperion South | 0.03 | 1.19 | 1,300 | 0.03 | 1.19 | 1,300 | |||
| Total | 0.04 | 1.7 | 2,300 | 0.42 | 2.65 | 35,400 | 0.46 | 2.56 | 37,700 |
| Transitional | |||||||||
| Hyperion-Tethys | 0.30 | 1.69 | 16,400 | 0.78 | 2.16 | 54,200 | 1.08 | 2.03 | 70,600 |
| Seuss | 0.14 | 2.78 | 12,800 | 0.14 | 2.78 | 12,800 | |||
| Hyperion South | 0.09 | 1.31 | 3,800 | 0.09 | 1.31 | 3,800 | |||
| Total | 0.30 | 1.69 | 16,400 | 1.00 | 2.17 | 70,800 | 1.32 | 2.06 | 87,200 |
| Fresh | |||||||||
| Hyperion-Tethys | 0.59 | 2.72 | 51,600 | 1.59 | 1.69 | 86,100 | 2.18 | 1.97 | 137,600 |
| Seuss | 0.31 | 3.07 | 30,900 | 0.31 | 3.07 | 30,900 | |||
| Hyperion South | 0.25 | 2.07 | 16,400 | 0.25 | 2.07 | 16,400 | |||
| Total | 0.59 | 2.72 | 51,600 | 2.15 | 1.93 | 133,400 | 2.74 | 2.10 | 184,900 |
| Deposit Total | |||||||||
| Hyperion-Tethys | 0.93 | 2.34 | 70,200 | 2.58 | 1.94 | 160,800 | 3.51 | 2.04 | 231,000 |
| Seuss | 0.63 | 2.85 | 57,300 | 0.63 | 2.85 | 57,300 | |||
| Hyperion South | 0.37 | 1.80 | 21,500 | 0.37 | 1.80 | 21,500 | |||
| Total | 0.93 | 2.34 | 70,200 | 3.58 | 2.08 | 239,600 | 4.51 | 2.14 | 309,900 |
Suplejack Project Area reported above 0.8g/t cut-off and above the 230mRL. Resources may not sum to equal totals due to rounding. Refer to announcement 17 February 2017.
Investor Presentation November 2017
30
Aim
Multiple Targets to be tested (>1Moz)
ABM Core Focus
Tanami – Area Of Operational Focus
-
Consolidate 1Moz of Suplejack Resources by screening for additional shoots
-
Bedrock test of large scale anomalies
Partnered Assets
Divest or JV
Lake Mackay JV (IGO) Develop understanding of the emerging mineral province
Expedite discovery or source external funding
- Regional reconnaissance exploration program targeting Callie scale mineralised systems
Area
Activity
==> picture [404 x 112] intentionally omitted <==
----- Start of picture text -----
Targets
7 Advanced Targets
Bluebush
Suplejack 5 Bedrock intersections
Tobruk
47 Anomaly Defined
26 Camp Scale Targets
----- End of picture text -----
145,000 metres of RAB/Aircore + Geochemistry Targeted RC and DD
Tanami Focus
==> picture [170 x 112] intentionally omitted <==
----- Start of picture text -----
Lake Mackay
----- End of picture text -----
Old Pirate Buccaneer North Arunta Reynolds Range
Exploration Agreement executed for North Arunta Targeting additional JV or divestment
Airborne & Ground EM Soil Sampling RC/DD Drilling
Expedite Discovery or funding
Investor Presentation
31
November 2017