Investor Presentation | Impact Minerals (ASX:IPT) | Gold Investment Symposium 2014
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Transcript of Investor Presentation | Impact Minerals (ASX:IPT) | Gold Investment Symposium 2014
Investor Presentation
Gold Symposium
Managing Director: Dr Mike JonesOctober 2014
Mulga Tank, WABroken Hill, NSWCommonwealth, NSW
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“Does he hath goldOr
Does gold hath him?”
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History of an Obsession?
12 month Share Price
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Introducing Impact Minerals (ASX:IPT)
Listed on ASX
Shares on
Issue
Options
Share Price
Market Cap:
Cash
Key Projects
November 2006
566m
8 m listed IPTO
34m unlisted
2.3¢
$13m $2.2m
Commonwealth
Au-Ag-Zn-Pb-Cu (NSW)
Broken Hill Joint Venture:
Ni-Cu-PGM (NSW)
Mulga Tank Joint Venture:
Ni-Cu-PGM (WA)
ShareholdersBunnenberg Family 30%Directors 9%Top 20 56%Top 50 65%
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Major Copper-Gold Mining Province
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Commonwealth Project: Previous Work
• Gold-rich Massive Sulphide Deposit
• Mined 1906-1930’s
6500 t at 6 g/t Au, 150 g/t Ag, 2% Cu, 15% Zn & 7% Pb
• Poorly explored: 66 drill holes for an average depth of 53 metres.
• Previous exploration focus along 250 m strike at Commonwealth
• Acquisition in March 2013
• EL5874: 3-4 km strike potential
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Commonwealth Mine
• Historic resource estimate:
Main Shaft: *83,000 t at 16.5 g/t gold eq. (6 g/t gold, 250g/t silver, 10% zinc, 3% lead, 0.5% copper) for 44,000 oz gold eq.
*Only over 50 m strike to 50 m depth
• Drill intercepts in fresh rock of:
9.8 m at 8.4 g/t gold, 357 g/t silver, 4.1% lead, 9.3% zinc, 0.5% copper
30 m at 6 g/t including 2 m at 77 g/t gold
• Potential for significant deposit beneath & along strike from Main Shaft
• Resource definition drilling required
• Exploration Target >1 M oz gold equivalent
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Impact Work Programme 2013-2014
• IP Survey• Soil
geochemistry• 21 drill holes for
3,600 m
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Ground IP Survey: Main Shaft and Silica Hill
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Commonwealth: Potential at Depth
• Successful maiden drill
programme completed
in September 2014
• High grade gold-silver
results open along
strike and at depth at:
– Main Shaft
– 6 m at 7 g/t gold, 383 g/t silver, 8.5% zinc, 3.2% lead and 0.3% copper
– Commonwealth South
– 4 m at 41.8 g/t (1.3 ounces per tonne) gold, 93 g/t silver, 5.5% zinc, 2.3% lead
• High value ore/tonne
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Commonwealth South: new massive sulphide
lenses?
• New massive sulphide
lenses discovered in two
drill holes:
• IPT 17
– 4 m at 41.8 g/t (1.3 oz per tonne) gold, 93 g/t silver, 5.5% zinc, 2.3% lead
• IPT 14
– 2 m at 6.7 g/t Au, 61.6 g/t Ag, 3.8% Zn, 3.2% Pb from 53 m; and also4 m at 6.0 g/t Au, 25 g/t Ag, 1.4% Zn, 0.3% Pb from 72 m.
• Open at depth and along
trend
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3D View of mineralisation
• Wireframe of the host
rhyolite and
mineralisation
• Massive sulphide on
the hanging wall with
disseminated and vein
mineralisation in the
footwall
• Resource calculation in
progress
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• 1 Moz gold
equivalent resource
and reserve
• Gold-silver-zinc-lead
• Starts 200 m below
surface
• Intial production
50,000 oz per year
• Fully funded by
Glencore
Analogy: Hera deposit (YTC) - Cobar, NSW
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Analogy: Hera deposit (Aurelia) - Cobar, NSW
Resources 2.44Mt @ 4.1g/t Au, 2.8% Pb, 3.8% Zn and
16.7g/t Ag
Reserves 1.8Mt @ 3.6g/t Au, 2.5% Pb, 3.5% Zn and
15g/t Ag
Initial Mine Life 7.3 years
Project Revenue (Stage 1 Only) >$510 million
Estimated Average Annual Production*
Gold: 39,000oz
Lead: 7,800t
Zinc: 10,800t
Silver: 154,800oz
Operating Costs (for Au after Pb-Zn credits) A$395/ounce*
Recoveries (average over initial LOM)
Gold: 94%
Lead: 91%
Zinc: 90%
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Commonwealth: Potential along strike
COMMONWEALTH
• Grab sample results up to
24 g/t Au, 493 g/t Ag, 2.9% Pb,
0.4% Zn, 0.3% Cu
• Gold-rich mineralisation doubled
strike to 600 m
• Preliminary IP results: strong
chargeability at 200 m depth
CORONATION
• Early- to mid-time conductors
identified over 800 m
• Field checking results up to
18% copper, 58 g/t silver, 0.9%
lead, 0.9% zinc, 0.35 g/t gold
• 800 m strike copper-rich
mineralisation
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Commonwealth: Potential along strike
• Recent soil geochemistry
results reveal potential for
major mineralised system
covering many sq. km.
• Recognition of metal-
assemblages indicating
– Porphyry & Skarn Cu-Au
– High sulphidation Au-Ag-
base metal
• Major breakthrough for
Impact
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• Secured a further 315 sq km
• 8 km strike potential rocks that host
Commonwealth
• 10 km strike potential of structures that host
Galwadgere deposit :
(2 Mt at 1.0% Cu and 0.3 g/t Au)
• Additional historic copper-gold workings
• Close to recent blind porphyry discovery at
Kaiser-MacGregor by Alkane Resources Ltd
41 m at 1.2% Cu and 1.1 g/t Au from 18 m
32 m at 0.4% Cu and 0.1 g/t Au from 109 m
Commonwealth:
Regional Potential
Broken Hill
Nickel-Copper-PGM
Joint Venture ProjectNew South Wales
Impact 51% and earning 80%by spending $200,000 to earn 80%
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• Red Hill Mine active from 1906 to 1937
• About 500 t was mined
• Old mine records indicate face sample results of:
– 2 to 4% copper
– 2 to 3% nickel
– 5 to 41 g/t platinum
– 22 to 70 g/t silver
• Anomalous soil and rock chip samples extend for several hundred metres to the east
• NO DRILLING
• Partly coincident with EM/IP anomaly
• Drill Ready Targets
Red Hill Mine
Prospect