Zenith Minerals Limited · ASX:ZNC
Zenith Minerals — Corporate Update (June 2020)
17 slides from Zenith Minerals's corporate update, Jun 30, 2020
Slide 1: ASX Release - Investor Update Presentation
30th June 2020 Attention ASX Limited Level 40, Central Park, 152-158 St Georges Terrace, PERTH WA 6000 Dear ASX, RE: ASX RELEASE - INVESTOR UPDATE PRESENTATION “Aggressively Exploring Three 100% Owned Gold Targets” Zenith Minerals Limited (“Zenith” or “the Company”) is pleased to provide an Investor
Slide 2: Aggressively Exploring Three 100% Owned Gold Targets
ASX:ZNC Aggressively Exploring Three 100% Owned Gold Targets Investor Update 30 June 2020 www.zenithminerals.com.au
Slide 3: Why Zenith?
Why Zenith? 1. Focus on 3 Gold Projects – drilling imminent 2. Each Project is owned 100%, and 3. Projects are located in Tier 1 regions that have proven multi-million ounce historic/current gold endowment 4. Strategy is to target large scale deposits capable of making a significant valuation/value
Slide 4: Corporate Structure
Corporate Structure Share Price Capital Structure ASX:ZNC Source: CommSec.com.au Share Price (29 June 20) $0.12 Iron Ore Boom Lithium Boom Shares on Issue - ZNC fully paid ordinary 243m Gold Focus Market Capitalisation $29m Cash (31 Mar 20) $1.28m Listed Equities 4.4m RTR Shares (29 Jun 20) $0.54m L
Slide 5: Our Projects
Our Projects 1. Red Mountain Gold Project – Queensland (100% owned). • High-grade near surface gold mineralisation intersected in Zenith’s maiden drill campaign (ASX 17 Jun 20) . • 14m @ 5.5 g/t Au incl 6m @ 12.3 g/t Au from surface • 5m @ 3.5 g/t Au incl 2m @ 8.0 g/t Au from 64 m depth 2. Split Roc
Slide 6: Queensland Project Locations
Queensland Project Locations 15 Moz Au Gold Region1 Red Mountain Gold Project (100% ZNC) Flanagans Gold Project (100% ZNC) Develin Creek Copper Zinc Project (100% ZNC) >15m oz Au gold district. Located b/w Cracow (2Moz), Mt Rawdon (2.5Moz) & Mt Morgan (8.5Moz) gold projects (not ZNC projects)1
Slide 7: Red Mountain Gold
Ownership: 100% Location: QLD Red Mountain Gold Commodity: Gold & Silver Stage: Prospect Discovery History1 • 1200m long high-order gold anomaly: soils 2.2g/t Au, 1.6 g/t Au, 1.3 g/t Au, 0.56 g/t Au, • Gold in rocks to 2.0 g/t Au & 114 g/t Ag (silver); • Previously unknown volcanic breccia complex •
Slide 8: Maiden Drill Results
Maiden Drill Results • 14m @ 5.5 g/t Au incl 6m @ 12.3 g/t Au from surface • 5m @ 3.5 g/t Au incl 2m @ 8.0 g/t Au from 64 m depth “The target generated by Zenith’s exploration team is panning out to have the hallmarks of a significant mineralised system and we are very excited about the project’s up
Slide 9: Forward Program
Forward Program Geophysical & geochemical targets extend around the breccia pipe margin providing substantial target zones Next Steps: Substantial follow-up drill campaign planned early – mid July 2020
Slide 10: Split Rocks Gold
Ownership: 100% Location: WA Split Rocks Gold Commodity: Gold & Lithium Stage: Drilling >10Moz Au gold district 650 sq km of tenure, most licences 100% owned Located halfway between Perth & Kalgoorlie DHLGO = Dulcie Heap Leach Gold Operation, Zenith has subsurface rights (gold below 6m) 1
Slide 11: Split Rocks Gold
Ownership: 100% Location: WA Split Rocks Gold Commodity: Gold & Lithium Stage: Drilling 12 Drill Targets in Multi-Million Ounce Figure 2 Gold District Historic results1: • 6.0m @ 16.91 g/t Au • 2.0m @ 32.73 g/t Au • 2.0m @ 16.53 g/t Au • 2.0m @ 15.40 g/t Au Recent ZNC results2: • 10m @ 2.20 g/t Au (
Slide 12: Flanagans Gold
Ownership: 100% Location: QLD Flanagans Gold Commodity: Gold & Copper Stage: Prospect Newly Secured 100% owned Flanagans Soil and Rock Results with Geological Outlines Queensland Gold Target • High grade gold-silver & copper at surface • 1.5km long x 180m wide zone – Zenith & historic rock sampling:
Slide 13: Base Metals
Base Metals Develin Creek Copper-Zinc Project Queensland • 100% owned VMS copper – zinc play • 2.57Mt @ 1.76% copper, 2.01% zinc, 0.24g/t gold and 9.6g/t silver (2.62% CuEq)1 • Control of 50km of prospective host sequences • Methodical & systematic approach to exploration • New Snook copper prospect
Slide 14: Newsflow
Newsflow Red Mountain Gold Project – Queensland (100%) Follow-up RC drilling planned early-mid July 2020 Split Rocks Project Gold - Western Australia (100%) Aircore drill campaign planned to test multiple gold targets early July 2020 Flanagans Gold Project – Queensland (100%) Follow-up sampling comp
Slide 15: Our Vision
Our Vision Zenith has a vision to build a gold and base metals discovery business with a team of proven project finders. Focus is on 100% owned Zenith projects, whilst partners progress multiple additional opportunities using third party funds.
Slide 16: Gold Targets at a Glance
Gold Targets at a Glance Red Mountain (ZNC 100%) Flanagans (ZNC 100%) Split Rocks (ZNC 100%) Targeting Gold Gold Gold Location QLD - Australia QLD - Australia WA - Australia Status Fully permitted Follow-up mapping and sampling - Jun-20 12 Targets, 5 fully permitted Est. drilling date July-20 To be
Slide 17: Disclaimer & JORC Statements
Disclaimer & JORC Statements Forward looking statements Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. Forward-looking statements include e