Polarx Ltd · ASX:PXX
Polarx — Investor Presentation (October 2017)
24 slides from Polarx's investor presentation, Oct 7, 2017
Slide 1: A high-grade copper-gold district in Alaska, USA
A high-grade copper-gold district in Alaska, USA ASX:PXX Investor Update, October 2017 www.polarx.com.au
Slide 2: High-Grade with Massive Upside
High‐Grade with Massive Upside • Copper anomalism over 35km of strike • Advanced projects with high‐grade Cu, Cu‐Au, and Au discovered in outcrop and drilling • Multiple new high‐grade targets ready for drilling • Experienced field team via Millrock Resources Inc. • Progressing to feasibility studie
Slide 3: Current Resources
Current Resources Mt GOLD g/t COPPER % Caribou Dome JORC 2.8 ‐ 3.1 Zackly Non‐JORC* 1.5 4.5 2.9 TOTALS 4.3 224,000oz 130,000t • High grade copper and gold • Mineralised from surface • All drilling to date has focused on outcropping areas only • Open at depth and along strike in both directions • Imm
Slide 4: Capital Structure
Capital Structure Shares (M) Percentage (%) Cash ($M) Shares pre-August raising 184 77.0 A$5.5M institutional equity raising 55 23.0 5.5 TOTALS 239 100 5.5 IMMEDIATE PLAN: 2017 Visual Discovery at Zackly Done IP, Zackly, Senator and Mars Oct Drilling Assay Results Zackly Oct and Nov Caribou Dome exp
Slide 5: Excellent access, pro-mining jurisdiction
Excellent access, pro‐mining jurisdiction COMBINED PROJECT PACKAGE: • 350km north‐east of Anchorage • Excellent infrastructure with road access to both projects • Only 100km east of rail, power and Highway between Anchorage and Fairbanks • All year port at Seward ALASKA, USA: • Mining friendly • Ove
Slide 6: Stellar Project - significant Cu-Au anomalism - BIG targets
Stellar Project ‐ significant Cu‐Au anomalism – BIG targets Broad spaced (500m) soil sampling shows two highly significant copper anomalies, both >250ppm, up to 11km x 6km in size ZACKLY – JUPITER (Porphyry, skarn) • Open in all directions • 2km x 1km soil anomaly at Jupiter with up to 3,850ppm Cu,
Slide 7: Zackly – Part of a BIGGER SYSTEM
Zackly – Part of a BIGGER SYSTEM OPEN OPEN AT DEPTH OPEN Slide 7
Slide 8: Zackly - advanced high-grade Cu-Au
Zackly ‐ advanced high‐grade Cu‐Au Year Tons Metric tonnes Gold Grade g/t Copper Grade % Silver Grade g/t Project Owner 1982 1,244,000 1,128,345 6.03 2.69 31.9 RAA/Teton 1987 1,407,000 1,276,200 4.51 2.19 28.4 Nerco 1993 1,700,000 1,541,950 4.51 2.90 NA Hemlo Gold • Advanced prospect, Cu‐Au‐Ag skarn
Slide 9: Zackly Skarn - 3D oblique-sections - CLEAR UPSIDE
Zackly Skarn ‐ 3D oblique‐sections – CLEAR UPSIDE 1.5Mt @ 4.5 g/t Au, 2.9% Cu* Containing: 44,715 t Cu and 223,600 Oz Au >1500m gap 800m Main Skarn >650m untested IP untested untested untested untested * Denotes historical resource estimate – refer to cautionary statements on previous slides Slide 9
Slide 10: Zackly - 2017 resource upgrade program
Zackly ‐ 2017 resource upgrade program • ~2,000m core drilling completed early Oct 2017 • 12 holes for ~1,600m to twin previous drilling at Zackly Main Skarn for JORC re- classification • HQ/HQ3 diameter core allows sufficient sample for metallurgical test work • Infill and extensional IP to refine
Slide 11: Zackly – High Grade Cu Sulphides in Core
Zackly – High Grade Cu Sulphides in Core Phase 1 Phase 2 Bornite Bornite + Chalcopyrite Early iron and molybdenum sulphides in dioritic endoskarn Hole ZM17010, 92.84m Bornite mineralisation in garnetiferous Massive Magnetite + Bornite + skarn, ZM17010, 179.4m Chalcopyrite skarn overprinting massive
Slide 12: Zackly – multiple Cu-Au phases, DEEPER PORPHYRY SOURCE
Zackly – multiple Cu‐Au phases, DEEPER PORPHYRY SOURCE Slide 12
Slide 13: Caribou Dome - shallow, high-grade Cu deposit
Caribou Dome ‐ shallow, high‐grade Cu deposit • JORC mineral resource estimate of 2.8Mt at 3.1% copper (at 0.5% lower‐cut) for 86,000t of contained Copper • 60% in the top 150m including 935,000t @ 4.4% copper • High grade, sediment‐hosted copper • Drill intersections over >800m strike‐length • Open
Slide 14: Caribou Dome - multiple IP and Cu anomalies
Caribou Dome ‐ multiple IP and Cu anomalies • Known mineralisation has a strong IP response, with numerous untested IP anomalies requiring drilling • Strong IP anomalies mainly coincide with a strong copper in soils • Transported cover masks the geochemistry over some of the best IP anomalies (eg, T
Slide 15: Caribou Dome - Metallurgy
Caribou Dome ‐ Metallurgy An independent flotation specialist has been undertaking metallurgical testwork: Lenses 4/5/6 • Two phases of testwork completed on a composite sample that graded 5.03% Cu: • Recoveries >95% Cu have been achieved during rougher flotation tests • Concentrates grading up to 2
Slide 16: Immediate project pipeline
Immediate project pipeline SENATOR Cu TARGET MARS PORPHYRY Cu-Au TARGET • Extensive gossans in a 5km long copper in soil anomaly • 2.0km x 1.5km geochemical soil anomaly, Cu, Au, Ag, Mo • Up to 12.1% Cu at surface in rock‐chips • Core zone with up to 7.4% Cu, 1.8g/t Au in rock‐chips • No previous ge
Slide 17: Combined work programs 2017-18
Combined work programs 2017‐18 CARIBOU DOME PROJECT STELLAR PROJECT Mapping and IP at Senator copper anomaly IP at Zackly, Zackly East, Zackly West Review of structural geology at Caribou Dome Twin existing drill holes at Zackly Main Skarn Commence environmental baseline surveys Addition
Slide 18: Concluding Statements
Concluding Statements • Big holding of high quality, high‐grade copper‐gold assets in mining friendly Alaska, USA. • Advanced projects – early exploration risk removed, numerous new targets, • Massive upside from new targets and deeper source. • Management with proven experience in mine development,
Slide 19: Appendix 1 Management team with track-record
Appendix 1 Management team with track‐record MARK BOJANJAC A Chartered Accountant initially with over 25 years’ direct experience in developing resource companies. A founding director of Gilt-Edged Mining B.Com, ICAA Limited which discovered one of Australia’s highest grade gold mines and managing d
Slide 20: Appendix 2: Ownership/Royalty
Appendix 2: Ownership/Royalty • 3% State net income production royalty on all claims • 100% ownership of Stellar Project • Altius Royalty on core Stellar claim blocks: • 2% NSR for precious metals • 2% Gross value royalty on U3O8 • 1% NSR for other metals (including Cu) • Millrock 1% NSR on all addi
Slide 21: Appendix 3: Mitchell River Group Pty Ltd
Appendix 3: Mitchell River Group Pty Ltd • MRG is a privately owned Australian venture capital, resource management and development group • Provides comprehensive technical, commercial and management services to multiple ASX‐listed companies. • Current clients include ASX‐listed: • African Energy Re
Slide 22: Appendix 4: Millrock Resources Inc.
Appendix 4: Millrock Resources Inc. • 10.8% shareholder of PolarX • Provides on‐ground exploration logistics under PolarX management at cost +10% • Office in Anchorage, Alaska • 20+ years Alaskan exploration experience • TSX‐V listed • CEO is also an Alaskan Minerals Commission member • Chief Geolog
Slide 23: Cautionary Statements
Cautionary Statements This presentation has been prepared by PolarX Limited (“PolarX”) to assist in informing interested parties about the Companies and their progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in either Company or as an induce
Slide 24: A high-grade copper-gold district in Alaska, USA
A high-grade copper-gold district in Alaska, USA ASX:PXX Investor Update, October 2017 www.polarx.com.au For further information please contact: Mark T Bojanjac Executive Chairman [email protected] Frazer Tabeart Managing Director/CEO [email protected] 24