Empire Resources Limited · ASX:ERL
Empire Resources — Explorer's Conference 2012
38 slides from Empire Resources's conference presentation, February 2012
Slide 1: Investor update – February, Explorer's Conference 2012
Investor update – February Explorer’s Conference 2012 Advanced exploration of copper-gold 1 projects in WA
Slide 2: Disclaimer
Disclaimer This presentation is for information purposes only This presentation has been prepared by Empire Resources Limited (“Empire” or the “Company”) and contains general background information about Empire’s activities current as at the date of this presentation (“Information”). It is Informati
Slide 3: Highlights – ERL
Highlights – “ERL” ERL • FOCUS - advanced copper and gold projects • All projects j in Western Australia • Major tenement position in an emerging new base metals province at Yuinmery • JORC Resource of 1.07 million tonnes at 1.82% copper and 0.78g/t gold • Active resource expansion drilling • Experi
Slide 4: Investment Case
Investment Case • Large L footprint f t i t within ithi emerging i b base metals t l province i • Established quality resource and expanding g • Upside through exploration success confirmed • Additional exposure to advanced stage copper, gold and uranium assets • Sound, prudent, experienced manageme
Slide 5: Current Activities
Current Activities • Resource expansion drilling at Yuinmery project • Defining new resource, resource A Zone • Drilling at other Yuinmery prospects • Initial mining studies commenced at Yuinmery • Drilling at Wynne (100%) and Damperwah (70%) copper projects 5
Slide 6: Other assets
Other assets • 60% Pennys Find high grade gold resource – 52,000ozs 52 000ozs • 45% Troy Creek copper project with incoming party p spendingg $3M $ to earn over 3 years. • 28% equity in listed FYI Resources after disposal of uranium project 6
Slide 7: About Empire
About Empire Capital Structure Shares on issue: 150.0 million Unlisted options on issue: 13.93 million Market capitalisation: circa $7.5 million Directors Source: Paritech Tom Revy Chairman (Non-executive) Da id Sargeant David Managing Director Adrian Jessup Executive Director – Technical 7
Slide 8: Yuinmery Project
Yuinmery Project Greenstone Belts Tenement position in emerging Youanmi b base metall province i 8
Slide 9: Yuinmery Project: Location – comparative projects
Yuinmery Project Location – comparative projects 9
Slide 10: Yuinmery Project: Location – comparative projects
Yuinmery Project Location – comparative projects Golden Grove Project – 65mt @ 2.0% Cu and 0.7g/t Au (2011) Jaguar Project: (Leonora) Jaguar 3.2mt 3 2mt @ 1.8% 1 8% Cu, Cu 9.8% 9 8% Zn and 0.7 g/tAu (2011), Bentley Bentley 3.04mt @ 2.0% Cu, 9.8% Zn and 0.7g/t Au (2010), Teutonic Bore 1.55mt @
Slide 11: Yuinmery Project: Location – comparative projects
Yuinmery Project Location – comparative projects Golden Grove Project – 65mt @ 2.0% Cu and 0.7g/t Au (2011) Jaguar Project: (Leonora) Jaguar J 32 t@1 3.2mt 1.8% 8% C Cu, 9 9.8% 8% Zn and 0.7 g/tAu (2011), Bentley 3.04mt 3 04mt @ 22.0% 0% Cu Cu, 9 9.8% 8% Zn and 0.7g/t Au (2010), Just Deserts R
Slide 12: Yuinmery Project: VMS deposit model
Yuinmery Project VMS deposit model 12
Slide 13: Yuinmery Project: Original copper-gold prospects
Yuinmery Project Original copper-gold prospects 13
Slide 14: Yuinmery Project: Geology and Prospects
Yuinmery Project RESOURCES LIMITED Upper Felsic Volcanics 686 000 mE 688 000 mE Lower Felsic Volcanics Mafic Intrusives Granite Felsic Breccia Sulphides Fault Exhalite \EEUORL \ \ 6 888 a ye cael, -~ Claudius 6 836 OO) mN_ id = —— Yuinmery Project GEOLOGY and PROSPECTS
Slide 15: Just Desserts Prospect
Just Desserts Prospect Gossanous tuff
Slide 16: Just Desserts Prospect
Just Desserts Prospect Gossanous tuff outcrop
Slide 17: Just Desserts Prospect
Just Desserts Prospect Banded gossanous quartz outcrop
Slide 18: Just Desserts Prospect
Just Desserts Prospect Diamond drill cores
Slide 19: Just Desserts Prospect
Just Desserts Prospect Existing JORC resource, long section 19
Slide 20: Just Desserts Prospect
Just Desserts Prospect Cross section 20
Slide 21: Just Desserts Prospect
Just Desserts Prospect Development Study Options Study parameters • Based on current JORC Mineral Resource • Investigation options of 1. Small open cut to provide underground access AND 2 Larger open cut only 2. • Use of current metal prices, indicative metal recoveries, factors for dilution and ore
Slide 22: Just Desserts Prospect
Just Desserts Prospect Starter pit versus maximum pit extraction Schematic 22
Slide 23: Just Desserts Prospect
Just Desserts Prospect Option 1: Starter Pit access for U/G S h Schematic ti Target material within pit shell - 0.9Mt @ 1.1% Cu and 0.6g/t Au Target material available from u/g – 1.0Mt 1 0Mt @ 1.5% 1 5% Cu and 00.6g/t 6g/t Au The Targets are detailed on the following slide 23
Slide 24: Just Desserts Prospect
Just Desserts Prospect Path to development • Additional drilling required to: - 1. Increase mineral resource confidence 2 Explore 2. E l mineralisation i li ti extensions t i • Upgrade Mineral Resource Estimate • Metallurgical test work and processing options • Establish Ore Reserve 24
Slide 25: Just Desserts Prospect
Just Desserts Prospect Expansion of resource below 25
Slide 26: A Zone Prospect
A Zone Prospect Long Section and Deeper Drilling 26
Slide 27: A Zone Prospect
A Zone Prospect Long Section and Deeper Drilling 27
Slide 28: Yuinmery Project
Yuinmery Project Other targets being tested Numerous prospects with large coincident geochemical, geophysical anomalies indicative of a highly fertile VMS system with sparse drill coverage Systematic RAB, RC and diamond drilling required Examples C-Zone - 3.07m @ 3.09% Cu, and 0.2g/t Au and 0.
Slide 29: Yuinmery Project
Yuinmery Project Anomaly Compilation Drill Depth (m) 29
Slide 30: Yuinmery Project
Yuinmery Project Original tenements 30
Slide 31: Yuinmery Project
Yuinmery Project Expanded tenure Expanded tenement position Empire 100% 78 sq km La Manche Option 149 sq km TOTAL 227 sq km 31
Slide 32: Yuinmery Project
Yuinmery Project Expanded tenure Expanded tenement position Empire 100% 78 sq km La Manche Option 149 sq km TOTAL 227 sq km 32
Slide 33: Yuinmery Project
Yuinmery Project Target Testing Resources/potential 4 Sulphides found, not yet defined 4 Untested 8 Source of anomaly not yet found 8 33
Slide 34: Yuinmery Project
Yuinmery Project Comparative Study 34
Slide 35: Yuinmery Project
Yuinmery Project No environmental or heritage issues 35
Slide 36: Summary
Summary Large ground position Focused developer History of exploration success g geological Right g g setting g High grade copper and gold Growth through resources expansion Exploration upside on highly prospective targets: C-Zone, B-Zone Augustus, B-Zone, Augustus Smith Well Initial
Slide 37: Investment Case
Investment Case • Large L footprint f t i t within ithi emerging i b base metals t l province i • Established quality resource and expanding g • Upside through exploration success confirmed • Additional exposure to advanced stage copper, gold and uranium assets • Sound, prudent, experienced manageme
Slide 38: Contact details
C t t details: Contact d t il David Sargeant g Empire Resources Limited 53 Canning Highway Victoria Park WA 6100 08-9361-3100 0438-690-699 Contact us at [email protected] or via our web site: resourcesempire.com.au 38