Noronex Ltd. · ASX:NRX
Noronex — Investor Presentation (March 2021)
28 slides from Noronex's investor presentation, Mar 23, 2021
Slide 1: Investor Presentation
For personal use only Investor Presentation Noronex Limited March 2021
Slide 2: Competent Person's Statement
Competent Person’s Statement For personal use only The information in this report that relates to Exploration Results is based on information compiled by Dr Dennis Arne, Competent Person who is a Registered Professional Geoscientist and Member of the Australian Institute of Geoscientists (AIG #1294)
Slide 3: Corporate structure
ASX Code NRX Attractive listed vehicle Shares on issue 151.6m 1. Advanced de-risked portfolio with rapid For personal use only Unlisted Options (1) 21m news flow including 2021 drilling Share price $0.125 2. Limited exposure on ASX to high quality Market capitalisation (A$m) $18.9m copper explorers
Slide 4: Board and Management
Board and Management High quality people For personal use only • Experienced board and management including former senior Sandfire executives with copper production and exploration expertise • High quality Technical Advisory board • In country teams with proven track records Board of Directors David
Slide 5: The Noronex copper investment opportunity
High grade copper project areas in leading mining jurisdictions (Namibia and Canada) Kalahari Copper • Scale and District Play Potential (>100,000 Ha) Belt Projects • For personal use only The Extensive historic drilling (>170,000m), highlighting multiple high grade, shallow copper deposits with his
Slide 6: Copper – demand / supply imbalance
Copper – demand / supply imbalance Copper market For personal use only • Copper is a commodity with strong market fundamentals • Mine grades globally are declining and demand is being driven by industrialisation and electrification • There is a looming demand/supply imbalance that presents an opport
Slide 7: Copper supply – declining grades
Copper supply – declining grades For personal use only • Over the last 12 years the average grade of copper mined has declined by 1.8% per year to 0.59% in 2017 • The vast majority of copper resources outside of existing mines are at a grade of 0.5% or below • Noronex projects are targeting top quar
Slide 8: Copper supply – few new discoveries
Copper supply – few new discoveries • Copper exploration and new discoveries over the last For personal use only decade have been at historically low levels • The positive dynamics of the Cu market has resulted in “Majors” actively chasing quality copper assets. It is expected that this trend will i
Slide 9: The Noronex investment opportunity
The Noronex investment opportunity Growing high quality copper resources in leading mining jurisdictions For personal use only • Noronex controls a high-quality portfolio of copper projects (with significant gold and silver by-products) in areas with known copper mineralisation that it will seek to
Slide 10: Namibian copper assets
For personal use only Namibian copper assets
Slide 11: Copper Namibia – project summary
Copper Namibia – project summary The opportunity – growing a copper inventory in a leading mining jurisdiction For personal use only Sedimentary Copper Basins • Sedimentary Copper deposits (SSC) produce 15% of Worlds Copper from highest grade deposits Central African Copper Belt • Central African Co
Slide 12: Basin modelling – exploring sed-Cu deposits
Basin modelling – exploring sed-Cu deposits • Sedimentary cu deposit and exploration techniques have greatly For personal use only progressed with discovery of Kamoa and other similar deposits on the Kalahari Copper Belt • Brines leach and carry base metals out of basin deeps • Red-Ox front precipit
Slide 13: Copper Namibia – project highlights
Copper Namibia – project highlights The opportunity – expanding known Cu deposits with modern technology For personal use only • Excellent infrastructure: Access to road, rail infrastructure and grid power • Known deposits: Cu-Ag deposits first discovered in the 1970s but no recent exploration work
Slide 14: Airborne EM status
Airborne EM status Inaugural EM Survey flown during January – March 2021 For personal use only • NRG flew survey using their Xcite system • 200m line spacing with 4,203 line kilometres flown collecting EM and magnetics • EM Survey to be used in conjunction with geochemistry, historic drilling and up
Slide 15: Airborne EM status
Airborne EM status Inaugural EM Survey completed in March 2021 For personal use only • Target areas (highlighted in red), where oxidised copper rich fluids have interacted with the reduced conductive horizons, will be highlighted for follow up field work and drilling • Final processed data due mid/l
Slide 16: Witvlei Project
Witvlei Project Extensive drilling – 101,914m of drilling for 699 holes has highlighted widespread copper mineralisation For personal use only • Maiden Mineral Resources JORC (2012) completed by MSA Group on four deposits; Malachite Pan, Okasewa, Christiadore and Koperberg • 10 Mt @ 1.3 % copper. Av
Slide 17: Dordabis Project
Dordabis Project Extensive drilling – 49,575m of drilling for 478 holes has highlighted widespread copper mineralisation For personal use only • Drill defined Deposit at Koperberg with mineralisation drilled at Swartberg and RK • JORC (2012) resource of 1.2mt of 1.1% Cu at 1.2 Mt @ 1.1% Cu Koperberg
Slide 18: GIS analysis
GIS analysis Noronex has been building its GIS database from historical drilling For personal use only and recently acquired EM Survey • Recently acquired historical data includes 4,000 geochemical samples Okasewa • Targets to include step outs from known resources that are not included in current r
Slide 19: Canadian copper assets
For personal use only Canadian copper assets
Slide 20: Canadian copper assets
Canadian copper assets For personal use only UT Lustrum Property Noronex property NWT NU BC AB SK NF MN QC ON Location Location of Noronex’s Project Project of Lustrum’s Noronex Lustrumproperty Property Ontario, Canada Ontario, Canada 20
Slide 21: Ontario copper – project summary
Ontario copper – project summary The opportunity – growing a copper inventory in a Tier 1 mining jurisdiction For personal use only • One of the largest land holders targeting Cu-Au-Ag VMS deposits in Ontario, Canada • 30,000 Ha land position (patents, mining leases and unpatented claims) in the Ona
Slide 22: Project locations
Project locations Highly prospective Cu projects (>80kms of EM conductors) with potential For personal use only for high quality district play • High grade Cu VMS district located 200km north east from Thunder Bay, a key regional centre • Key infrastructure includes road (TransCanada Highway), nearb
Slide 23: Project locations
Project locations Cu VMS District play potential building on Onaman project and JORC (2012) For personal use only resource at Lynx • High grade drilling at Lynx to be followed up with further exploration along 12km strike length • High grade Cu, Au, Ag and PGE sampling on lightly explored claims adj
Slide 24: Next steps
Next steps Active exploration and strong news flow planned for 2021 For personal use only Geological: • Complete a geological compilation and geo modelling of historical drilling utilizing GIS Database • Review of updated geophysical information including recent Aerial EM Survey • Ground truthing, s
Slide 25: Summary
• Copper is a commodity with strong market fundamentals and growth outlook • Strong board and management with extensive knowledge of the For personal use only copper industry and copper exploration in world-class districts • Projects have significant known copper deposits (with valuable Au and Ag by
Slide 26: Thank you
For personal use only Thank you
Slide 27: DorWit Consolidated Mineral Resources
Table 1: DorWit Consolidated Mineral Resources at a cut-off grade of 0.5% Cu as at 01 March 2021 DorWit Resources 3 Oxidation Classification Tonnes Cu Ag Cu content Deposit State Category (Millions) (%) (ppm) (kilo tonnes) Indicated 0.11 1.30 7 1.4 Oxide Inferred 0.04 1.19 7 0.4 Total 0.15 1.27 7 1.
Slide 28: Onaman Resources
Onaman Resources 4 For personal use only Competent Person Statement In June 2020, a JORC (2012) compliant resource (reported by G. Kirkham) was completed at the Lynx deposit representing approximately 600 metres of a 12km trend of mineralisation on the The information in this report that relates to