GOLD COPPER COBALT · 4 Strategic tenement holding in world class domain >7,000 sq.km. G2...
Transcript of GOLD COPPER COBALT · 4 Strategic tenement holding in world class domain >7,000 sq.km. G2...
GOLD COPPER COBALT WORLD CLASS IOCG TARGETSInvestors Briefing Series- Hong Kong 20 March 2019Presented by Matt Morgan MD
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ASX:AMG
Level 14/309, Kent Street
Sydney NSW 2000 Australia
Tel: +61 (02) 8315 3268
ACN 148 860 [email protected]
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Meet the Ausmex team
Yosse Goldberg Non Executive Chairman
Successful international career in property and resources
including Sydney Gas Limited, Blue Energy Limited,
Kimberly Diamond Company NL, Sundance Resources
Limited, CuDeco Limited, Gindalbie Metals Ltd.
Matt Morgan Managing Director
BSc(Geol) MAusIMM, 25 years experience in mining,
exploration and mine management both open cut and
underground for BHPB, Rio Tinto, Idemitsu, Xstrata,
Coalworks, Malaysia, Mongolia, PNG, Australia. Prior
Director ASX:GMN
Dr Andrew Firek Non Executive Director
M.Sc. & Ph.D., FAusIMM, 30 Years exploration, mining, &
processing, previous CEO of ASX:CWK until 2012
takeover by WHC. Current Director ASX:WLC
ASX:AMG
Geoff Kidd Non Executive Director
35 Years in senior positions including MD, COO, Gen
Manager global mining consultants including Aust, Irian
Jaya, India, NZ, Sth Africa, Zimbabwe, China, Sth America,
& USA. Previous COO of ASX:CWK
Aaron Day Non Executive Director
Non Executive Director Aaron Day is a Geologist with 20
years’ experience in exploration, mining, processing and
plant commissioning. Senior positions held with Zeehan
Zinc and with Cudeco Ltd. Extensive exploration
management surrounding copper, lead, zinc gold and
uranium.
Board of Directors
Seasoned resource industry leaders
Experienced explorers miners and managers
History of corporate resource success
We run a tight ship
Focus on $ in the ground
A proven ability to design, construct, and commission mines and plants that work, on time and on budget.
What sets us apart
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Why invest in Ausmex ?
Exposure to two world class projects in world class Australian mineral provinces.
Emeritus Professor validates two large Au-Cu-Co & REE IOCG targets
Golden Mile - Mt Freda Complex QLD
Burra SA
World class neighbours (Newcrest Mining Limited, W.H Soul Pattinson, Oz Minerals).
30% of Newcrest Mining Limited’s “Canteen” IOCG drilling target is on Ausmex controlled tenement.
Multiple High Grade Gold drilling results to date.
Drill ready, large high grade Au-Cu-Co IOCG targets (QLD).
Potential Near term cash flow from shallow, high grade Au production via Toll/JV.
ASX:AMG
Source : Ernest Henry: Australian Ore Deposits, Monograph 32, Sixth Edition, Australasian Institute of Mining and
Metallurgy; Rocklands: Cudeco Ltd Feasibility Study, Rocklands Group Copper Project, Queensland, Australia; Mt Elliot:
Chinova Resources Ltd Website; Prominent Hill: Oz Minerals Ltd website; Olympic Dam: South Australian Exploration and
Mining Conference website; BHP Presentation; Carapateena: Oz Minerals Ltd website; Hillside: Rex Minerals website.
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Strategic tenement holding in world class domain
>7,000 sq.km. G2 Structural Corridor,
host to Olympic Dam, Carapeteena,
Prominent Hill IOCG deposits
Multiple historic high grade copper
and gold workings
Strategic exploration alliance with
University of Adelaide
Seven (7) conductive targets identified
by University Adelaide Magnetotelluric
(MT) Geophysical survey (Refer ASX release 4th March 2019)
Emeritus Professor validates potential
world class IOCG and REE magmatic
sulphide deposit (Refer ASX release 4th October 2018)
Burra, SA World Class Copper – Gold & REE targetsASX:AMG
Source : Prominent Hill: Oz Minerals Ltd website; Olympic Dam: South Australian Exploration and Mining Conference
website; BHP Presentation; Carapateena: Oz Minerals Ltd website; Hillside: Rex Minerals website.
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Hydrothermal fluid similar to those for Olympic Dam
The conductivity domain identified below Burra is similar in
scale and character to the large AusLAMP conductive
anomaly below BHP’s Olympic Dam.
Significant potential for economic concentrations of Cobalt
and Platinum Group Elements.
Potential for the Ausmex held Burra tenement suite to host
another giant Jinchuan style ore deposit (>500 Mt @ 1.2% Ni,
0.7% Cu, 0.4 g/t PGE) which is the largest single magmatic
sulphide deposit in the World. (Refer ASX release 4th October 2018)
Audio Magnetotelluric (AMT) survey completed to generate
drill ready targets. (Refer ASX release 4th March 2019)
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Burra, SA –Emeritus Professor Validates
# Copper Ore Burra open Cut
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Mt Isa Inlier – World Class IOCG Projects
Mt Freda Complex surrounded by World class mines.
Extensive high grade Gold, Copper & Cobalt drilling results at the “Golden Mile”.
Host to 30% of the Newcrest Mining Limited Tier 1 IOCG “Canteen” project (p3).
Excellent location with road and rail infrastructure, power, services.
ASX:AMG
Source : Ernest Henry: Australian Ore Deposits, Monograph 32, Sixth Edition, Australasian Institute of Mining and
Metallurgy; Rocklands: Cudeco Ltd Feasibility Study, Rocklands Group Copper Project, Queensland, Australia; Mt Elliot:
Chinova Resources Ltd Website;
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Qld near term production – Generate Exploration $
Cloncurry current processing capacity with excellent infrastructure, roads & power
Rocklands (Cu)
Great Australian (Au & Cu)
Lorena (Au)
Eloise (Cu)
Mt Dore (Cu)
Ernest Henry (Cu
Short Term Cash Flow &/or Divestment under consideration
Gilded Rose Mining Licence (JORC 2004) -High Grade Au
Mt Freda Mining Licence (JORC 2004) & Golden Mile (High Grade Au)
Golden Mile ore processing option at Great Australian Mine (ASX:SOL)
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The Golden Mile – Mt Freda Complex Tier 1 IOCG
Massive 3 km * 5 km Tier 1 IOCG target identified by Exco Resources 2012
Newcrest Mining Limited Farm in Drilling April – August 2018 (no results released)
30% of the Tier 1 IOCG “Canteen” prospect target that Newcrest Mining Limited are drilling is on Ausmex controlled tenement
“Golden Mile” High grade gold mineralisation potentially radiating out from the deeper magmatic IOCG intrusion.
ASX:AMG
(Refer to ASX releases on 30th August 2018, 10th September 2018, 8th & 26th October 2018, 9th & 15th November 2018, for Mt
Freda Complex Exploration drilling results). Source: QLD Gov. Mt Isa TMI GSQ open file dataset Survey GSQ1029 & Exco IOCG
Roadshow release 2012
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The Golden Mile – Extensive High Grade Gold
Extensive shallow high grade gold under nine multiple historic gold mines dormant since 1939.
8 km combined strike of high grade gold mineralisation – 2 km wide!
Multiple high grade gold drilling results.
Drilling targeting shallow, high grade gold mineralisation suitable for bulk mining.
Professor Ken Collerson validates “High grade Copper, Gold, Cobalt and REE mineral assemblage indicates close to a deep magmatic fluid source (IOCG or ISCG)”. (Refer ASX release 25th February 2019)
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The Golden Mile – Drilling indicates high grade gold
Targeting shallow, high grade gold mineralisation suitable for bulk mining.
Ausmex has option to process gold at Round Oak Minerals processing plant - ~25 km haul
Extensive high grade drilling results
SH18RC008 – 28 m @ 4.3 g/t gold
SH18RC008 – 24 m @ 4.5 g/t gold
(Refer to ASX releases on 30th August 2018, 10th September 2018, 8th & 26th October 2018, 9th, 15th & 23rd
November 2018, & 28th February 2019 for results).
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The Golden Mile – Little Duke IOCG drill results
Golden Mile Drilling intersects 67 m @ 1.33 g/t
Gold and 0.47% Copper with Cobalt over two ore
zones adjoining the Tier 1 IOCG target “Canteen
prospect” Ausmex shares with Newcrest Mining
Limited (p3).
Gold assays up to 8.00 g/t Gold, 1,100 ppm Cobalt
and 1.43% Copper.
Drill hole LD18RC006 finished at 132 m in
mineralisation, with the last 5 m @ 1.42 g/t Gold.(Refer ASX release 29th November 2018)
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The Golden Mile > 2 km Conductive structureASX:AMG
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The Golden Mile – Mt Freda ComplexASX:AMG
10,000 m drilling campaign to
commence targeting massive
sulphide, Gold, Copper, &
Cobalt mineralisation.
Extensive shallow high grade
gold targets at the Golden Mile
>2 km conductive “IOCG”
target with similar morphology
to Ernest Henry Copper Mine
Ausmex aim to drill 4 km along
strike to adjoin Newcrest
Mining Limited drilling.
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Market Recognition of Exploration Success ASX:AMG
Source: ASX website
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Investment highlights
1 Exploration identified large priority Cobalt, Copper & Gold targets
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>2 km of drill Conductive Tier 1 IOCG drilling targets – Mt Freda Complex3
8 km of high grade Gold drill ready targets at the Golden Mile4
Near term production from second tier QLD copper and gold assets5
Close proximity to multiple processors with spare capacity, early cash from toll
or JV6
Abundant infrastructure including roads and power in both SA & QLD7
Seven (7) Conductive targets identified in Burra SA.
8 Low entry SP for large Tier 1 IOCG exposure
ASX:AMG
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Top 30 Share holders – 75%
Holding Statement, 17 March 2019
ASX:AMG
Position Holder Name Holding % IC1 C4 Shares Pty Ltd <The C4 Shares A/C> 100,000,000 24.25%
2 Citicorp Nominees Pty Limited 26,133,100 6.34%
3 Bestvale Resource Consultants Pty Ltd <Bestvale Super Fund A/C> 24,242,315 5.88%
4 Mathew Morgan <Morgan Family S/F A/C> 22,266,316 5.40%
5 Florims Pty Ltd <The Firek Family A/C> 19,302,316 4.68%
6 Brash Corporation Pty Ltd 18,927,316 4.59%
7 Sunset Capital Management Pty Ltd <Sunset Superfund A/C> 10,882,032 2.64%
8 Mr Matthew Denis Suttling <Suttling Family A/C> 9,947,558 2.41%
9 McCrae Super Pty Ltd <McCrae Super Fund A/C> 8,615,047 2.09%
10 Armada Capital & Equities Pty Ltd 5,175,000 1.25%
11 Mientze Tang <The Purple Robe A/C> 4,529,179 1.10%
12 Celtic Capital Pte Ltd <Investment 1 A/C> 4,370,000 1.06%
13 Libertine Investments Pty Ltd 4,000,000 0.97%
14 Steve & Therese Harper <Harper Super Fund A/C> 3,952,000 0.96%
15 Dreampt Pty Ltd <Dreampt A/C> 3,650,000 0.89%
16 Celtic Capital Pty Ltd <The Celtic Capital A/C> 3,622,500 0.88%
17 Bark (NSW) Pty Ltd <Bark A/C> 3,500,000 0.85%
18 Fortune Bay Limited 3,225,000 0.78%
19 Aris Nominees Pty Ltd <Shreeve Super Fund A/C> 3,025,000 0.73%
20 Brockwell Asia Limited 3,000,000 0.73%
21 Mr John Anthony Della Bosca & Mrs Jonina Gudbjorg Della Bosca <JA & JG Della Bosca S/F A/C> 2,725,000 0.66%
22 Thorpe Road Nominees Pty Ltd <Ian Tregoning Family No2 A/C> 2,612,566 0.63%
23 Ananda Kathiravelu 2,500,000 0.61%
24 Monex Boom Securities (HK) Ltd <Clients Account> 2,468,513 0.60%
25 Professional Payment Services Pty Ltd 2,200,000 0.53%
26 Ilwella Pty Ltd 2,095,000 0.51%
27 Flannery Foundation Pty Ltd <The Flannery Foundation A/C> 2,081,841 0.50%
28 Mr Morris Alan Levitzke 2,000,000 0.49%
28 Goldney Pty Ltd <Blackman Mutual A/C> 2,000,000 0.49%
28 Mr Ananda Kathiravelu 2,000,000 0.49%
29 Chembank Pty Limited <Cabac Super Fund A/C> 1,819,979 0.44%
30 Cityscape Asset Pty Ltd <Cityscape Family A/C> 1,750,000 0.42%
Total 308,617,578 74.83%
Total issued capital - selected security class(es) 412,412,399 100.00%
Capital Structure
ASX Code AMG
Share Price (14 March 2019) $0.155
Shares 412.4 m
Options 83.8 m
Convertible Notes Face Value $1.8 m
Performance Rights 0.0 m
Market Capitalisation (undiluted) $63.8 m
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IntroductionThe information in this presentation has been prepared by Ausmex Mining Group
Limited (the Company) for the purpose of providing a high level overview of its
business model and experienced management team.
Forward looking statementsCertain sections of this presentation contain forward looking statements that are
subject to risk factors associated with, among others, the economic and business
circumstances occurring from time to time in the places and sectors in which
Ausmex operates. Such forward-looking statements are not guarantees of future
performance, which involves known and unknown risks, uncertainties and other
factors, many of which are beyond Ausmex's control, that may cause actual
results to differ materially from those expressed or implied in such statements.
Whilst based on information from sources considered reliable, Ausmex Mining
Group Limited (AMG), its directors, employees and consultants do not represent,
warrant or guarantee, expressly or impliedly, that the information in this document
and presentation is complete or accurate. To the maximum extent permitted by
law, AMG disclaims any responsibility to inform any recipient of this document
and presentation of any matter that subsequently comes to its notice, which may
affect any of the information contained in this document and presentation.
Disclaimer Although reasonable care has been taken to ensure that the facts stated in this
presentation are accurate and that the opinions expressed are fair and
reasonable, no representation or warranty, express or implied, is made as to the
fairness, accuracy, completeness or correctness of the information and opinions
contained in this presentation and no reliance should be placed on such
information or opinions.
To the maximum extent permitted by law, none of the Company nor any of their
respective members, directors, officers, employees or agents, advisers,
consultants nor any other person accepts any liability whatsoever for any loss,
however arising, from the use of this document or its contents or otherwise
arising in connection with it, including, without limitation, any liability arising from
fault or negligence on the part of the Company or any of their respective
directors, officers, employees or agents.
Competent Person StatementStatements contained in this report relating to exploration results and potential is
based on information compiled by Mr Matthew Morgan, who is a Member of
AusIMM. Mr Morgan is Managing Director of Ausmex Mining Group Limited and a
Geologist whom has sufficient relevant experience in relation to the mineralisation
styles being reported on to qualify as a Competent Person as defined in the
Australasian Code for Reporting of Identified Mineral Resources and Ore
Reserves (JORC Code). Mr Morgan consents to the use of this information in this
report in the form and context in which it appears.
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Important NoticeASX:AMG
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