Mining the Territory. 13 July 2017 Edna Beryl Mine Opening (NT) 20 December 2017 First Gold Pour from Edna Beryl

Transcription

1 13 July 2017 Edna Beryl Mine Opening (NT) 20 December 2017 First Gld Pur frm Edna Beryl 19 February 2018.Restructure f the JV with Evlutin (NT) 10 April High grade Cbalt, Cpper and Gld at Jasper Hills (NT) 31 May 2018 Strategic Alliance with Territry Resurces Tennant Creek Central Prcessing Hub (NT) 14 June Discvery f Whatling Hill cpper-gld (NSW) 21 June 2018.High Grade gld intersected at Mauretania (NT) 26m at 9g/t gld and 0.5% cpper Incl. 8m at 23g/t gld 5 Sept 2018 Strategic Alliance with Territry Resurces (NT) Mining JV Explratin earn-in and JV Mining the Territry 1

2 Imprtant ntice and disclaimer This presentatin has been prepared by Emmersn Resurces Limited ACN (ASX: ERM) (the Cmpany ) and is being prvided t a limited number f investrs fr the sle purpse f prviding preliminary backgrund infrmatin t enable recipients t review the business activities f the Cmpany. It is nt intended as an ffer, invitatin, slicitatin r recmmendatin with respect t the purchase r sale f any securities. This presentatin shuld nt be relied upn as a representatin f any matter that a ptential investr shuld cnsider in evaluating the Cmpany. The Cmpany, nr any f its directrs, agents, fficers, emplyees r affiliates des nt make any representatin r warranty, express r implied, as t r endrsement f, the accuracy r cmpleteness f any infrmatin, statements, representatins r frecasts cntained in this presentatin, and they d nt accept any liability fr any statement made in, r mitted frm, this presentatin. Prspective investrs shuld make their wn independent evaluatin f an investment in the Cmpany. Nthing in this presentatin shuld be cnstrued as a financial prduct advice, whether persnal r general, fr the purpses f Sectin 766B f the Crpratins Act. This presentatin cnsists purely f factual infrmatin and des nt invlve r imply a recmmendatin r a statement f pinin in respect f whether t buy, sell r hld a financial prduct. The Cmpany has nt cnsidered any f yur bjectives, financial situatin r needs. This presentatin and cntents has been made available in cnfidence and may nt be reprduced r disclsed t third parties r made public in any way withut the express written permissin f the Cmpany. September 2018 Mining the Territry 2

3 Why invest in Emmersn? Expsure t high-grade Cbalt, Cpper and Gld Best intersectins f greater than 1.3% C, 10.5% Cu and 15g/t Au Revenue Stream frm New Strategic Alliance Prcessing refurbished mill Mining ERM s mines + thers Explratin earn-in n the SPA Cmmanding grund psitins in highly prspective prvinces Tennant Creek (2,600km 2 ) and NSW (2,400km 2 ) Track recrd f discveries frm systematic science based explratin Edna Beryl, Mauretania, Jasper Hills (NT) Kadungle, Whattling Hill (NSW) Highly credentialed and cmmitted Bard and Management Majrity have been with Emmersn since 2007 Cashed up and pised fr further success $4.5m cash, debt free and revenue stream frm small mines September 2018 Mining the Territry 3

4 Bard f Directrs Mr. Andrew McIlwain B.Eng (Mining) Nn-Executive Chairman Mining Engineer with mre than 25 years experience in peratinal, senir management and executive rles (MIM, WMC, UML & thers). Mr. Rbert Bills B.Sc, M.Sc Managing Directr and Chief Executive Officer Gelgist with ver 30 years experience in explratin and mining with WMC and BHP. Jined Emmersn in late 2007 as the Managing Directr and CEO. Dr. Allan Trench B.Sc (Hns), Ph.D, M.Sc, MBA Nn-Executive Directr Gelgist/gephysicist with extensive experience in strategy, prject develpment and peratins within the natural resurce sectr. September 2018 Mining the Territry 4

5 Superir value frm a strategy f discvery, mining and prductin. Biggest value frm Discvery! Applicatin f prprietary 2D and 3D targeting mdels t predict where the next discvery will be Use apprpriate detectin technlgies t discver Maximise value frm lw risk path t prductin, expand existing resurces via near mine explratin Deal assets that are nt value accretive fr ERM Mining the Territry 5

6 Strategic Alliance with Territry Resurces Realising the visin f an integrated mining, prcessing and explratin centre!! $2.0m placement at a ~57% premium t the current ERM share price Sale f ur Warreg Mill - TTY refurbishing prductin scheduled in 2019 ERM t have pririty prcessing n a cst + basis Accelerating Mining and Prcessing frm Emmersn s existing mines in the SPA n a prfit share and gld ryalty basis New $5m earn-in and JV with TTY ver the SPA ERM t retain 100% wnership f the majrity f the Tennant Creek Field (~75%) September 2018 Mining the Territry

7 Emmersn t retain Nrthern Prject Area Jasper Hills - C, Cu, Au Prject G fr Gld, Cbalt and Cpper ERM retains 1,900km 2 r 75% f the entire tenement package Including prmising gld, cbalt and cpper prjects (Jasper Hills, Mauretania, Edna Beryl) Plus new targets generated frm the recent airbrne gephysical survey September 2018 Mining the Territry 7

8 Jasper Hills..hw many mre f these are there? An exceptinally high grade, zned cbalt, cpper and gld prject 23m at 0.14% C, 7% Cu (frm 95m) Incl. 4m at 0.37% C, 10.2% Cu 9m at 0.17% C, 2.9% Cu (frm 135m) Incl. 2m at 0.53% C, 8.7% Cu September 2018 NSDH101: 28m at 5.83g/t gld, 0.17% cbalt and 8.52% cpper (23g/t AuEq) (frm 108m) and includes: 19m at 0.56g/t gld, 0.47% cbalt and 11.4% cpper and 2m at 50.1g/t gld and 10.5% cpper (67g/t AuEq) NSDD100: 11m at 0.22g/t gld, 0.18% cbalt and 2.56% cpper (8.0g/t AuEq) (frm 117 ) and includes: 3m at 0.34g/t gld, 0.55% cbalt and 5.80% cpper and 1m at 0.48g/t gld, 1.07% cbalt and 5.71% cpper NSDH547: 23m at 0.14% cbalt and 7.04% cpper (14g/t AuEq) (frm 95m) and includes: 4m at 0.37% cbalt and 10.2% cpper and 1.35g/t gld (25g/t AuEq) NSDH488: 14m at 6.72g/t gld, 0.28% cbalt and 2.17% cpper (16g/t AuEq) (frm 284m) and includes: 5m at 16.6g/t gld 2m at 1.32% cbalt and 2% cpper (31g/t AuEq) NSDD110: 15m at 7g/t gld (frm 295 t 310m) and includes: 6m at 14.9g/t gld NOTE: Gld equivalent grades are based n metal prices f: cpper US$6,614/t, gld US$1300 per z and cbalt US$88,750/t. Metal recveries have nt been applied in the gld equivalent calculatin. The gld equivalent calculatin is as fllws; AuEq = Au grade + (Cu grade x Cu price + C grade x C price)/( x x Au price). Prices as at 01 May It is the cmpany s pinin that all elements included in the metal equivalent calculatin have a reasnable ptential t be recvered and sld. Metallurgical recvery infrmatin is nt available at this stage. Reprting f metal equivalents may be misleading and additinal test wrk is required t demnstrate prbable metallurgical recveries fr cbalt, cpper and gld. 8

9 The hunt fr high grade cbalt, gld and cpper in ur 100% wned Nrthern Prject Area First applicatin f the NRG Xcite airbrne gephysical system September 2018 Mining the Territry 9

10 Preliminary EM anmalies Underexplred n systematic mdern explratin NPA assciated with gravity high but subdued magnetics EM anmalies assciated with hematite hsted cpper sulphides assciated with gld and cbalt? Underging further data prcessing and field assessment ahead f drilling September 2018 Mining the Territry

11 Edna Beryl. ultra high grade gld, de-risk frm small scale mining and undergrund explratin Shaft Develpment A = 1.83m / 140 g/t Au B = 1.83m / 310 g/t Au C = 1.83m / 93.4 g/t Au A B C 50m Level 60m Level m Level Base f Oxidatin 80m Level 90m Level September 2018 Mining the Territry 11

12 Emmersn a unique gld and cpper explrer..with a lw risk strategy t accelerate and fund explratin Tennant Creek - nw an integrated mining, prcessing and explratin prject with the capability f prducing lw-risk revenue streams t fund nging explratin Mining JV n a Prfit share (75/25 nn diluting) basis acrss all mines in the SPA (except Charit where ERM retain a 6% gld ryalty). Territry Resurces t build, perate and prcess. Ptential t generate significant free cash $5m Explratin Earn-in and JV ver the SPA. TTY can earn a 75% interest ver 5 years Emmersn retains 100% f the NPA (75% f the tenement package) with exciting gld, cpper and cbalt prjects in an under explred prvince Refurbishment f the TTY wned Warreg Mill underway cmmissining scheduled fr late 2018/early 2019 (subject t timely apprvals) Drilling and News Flw frm bth the NPA and SPA September 2018 Mining the Territry 12

13 Cmpetent persn statement The infrmatin in this reprt relating t Explratin Results is based n infrmatin cmpiled by Mr Steve Russell, wh is a Member f the Australian Institute f Gescientists and has sufficient explratin experience which is relevant t the style f mineralisatin under cnsideratin t qualify as a Cmpetent Persn as defined in the 2004 Editin f the Australasian Cde fr Reprting f Explratin Results, Mineral Resurces and Ore Reserves. Mr Russell is a full time emplyee f Emmersn Resurces Ltd. Mr Russell cnsents t the inclusin in the reprt f the matters based n his infrmatin in the frm and cntext in which it appears. The infrmatin in this reprt which relates t Mineral Resurces is based upn infrmatin cmpiled by Mr Ian Glacken, wh is a Fellw f the Australasian Institute f Mining and Metallurgy. Ian Glacken is an emplyee f Optir Pty Ltd and has sufficient experience which is relevant t the style f mineralisatin and type f depsit under cnsideratin and t the activity which he is undertaking t qualify as a Cmpetent Persn as defined in the 2004 editin f the Australasian Cde fr Reprting f Explratin Results, Mineral Resurces and Ore Reserves. Ian Glacken cnsents t the inclusin in the reprt f a summary based upn his infrmatin in the frm and cntext in which in appears. Geck, Ganna & Orland Mineral Resurce: see details in ASX annuncement New High Grade Drill Results & Upgrade t Resurce Inventry released n 18 Octber Charit Mineral Resurce: see details in ASX annuncement High Grade Charit Gld Resurce released n 28 Nvember 2013 The infrmatin was first disclsed under the JORC Cde It has nt been updated since t cmply with the JORC Cde 2012 n the basis that the infrmatin has nt materially changed since it was last reprted. The gld equivalent calculatin assumes a gld price f US$1,363/z fr gld and US$3.31/lb fr cpper and makes n allwance fr metallurgical recveries. The ttals may nt sum exactly due t runding. September 2018 Mining the Territry 13