New Age Exploration Limited · ASX:NAE
New Age Exploration — House of Commons Presentation, London (November 2016)
14 slides from New Age Exploration's conference presentation, Nov 30, 2016
Slide 1: Redmoor Presentation – House of Commons, London
Redmoor Presentation – House of For personal use only Commons, London ASX Release | 30 November 2016 ASX Code | NAE New Age Exploration Limited (“NAE” or “the Company”) is pleased to announce that the attached presentation on the Redmoor Project was given yesterday at the House of Commons on London.
Slide 2: House of Commons Presentation (November 2016)
For personal use only House of Commons Presentation (November 2016) Cornwall Resources Limited - Redmoor Tin Mine Project Presented by : Peter Wale, Director
Slide 3: Cornwall Resources Limited – The Players
Cornwall Resources Limited –The Players Cornwall Resources Limited is a 50:50 joint venture between two experienced resources managers: For personal use only Strategic Minerals plc (SML) AIM (UK) Listed Operations in New Mexico, USA (Magnetite) Brownfields site in Cornwall, England (Tin/Tungsten) Gr
Slide 4: Project Location: Cornwall
Redmoor Project Location: Cornwall • Redmoor Project located in the For personal use only world class Cornwall polymetallic tin/tungsten/copper mineralised district. There are a number of historic mines in the area • Region is ‘mining friendly’ • Excellent local infrastructure including roads, nearb
Slide 5: Tin – Last years price history
Tin – Last 50 years price history For personal use only • Collapse of world tin cartel in 1986 begins to kill off Cornish and Devonshire tin mining. • Last major Cornish tin mine closed in 1998. • New range above US $20,000 per ton established • Prices may rise to about $30,000 a metric ton in 2018-
Slide 6: Tin – Supply and Demand Factors
Tin – Supply and Demand Factors Supply For personal use only • Production falling: Myanmar production thought to have peaked earlier this year (ITRI) • Declining supply from Indonesia amid environmental crackdowns • Production levels below consumption • No new projects started due to low prices 1990
Slide 7: Resource - High Grade Target
Redmoor Resource - High Grade Target • Total Inferred Mineral Resource*1 of 13.3Mt @ 0.56% SnEq, For personal use only including; • 2.3Mt @ 1.19%Sneq of the High Grade • Additional High Grade Exploration Target; • 2 to 3 times size of the High Grade Inferred Resource at similar expected grades Redmo
Slide 8: High Grade Benchmarking
Redmoor – High Grade Benchmarking “the Redmoor High Grade Resource is one of the highest grade tin projects” For personal use only 1 Tin equivalent calculation notes; Sn(Eq)% = Sn%*1 + WO3%*1.50 + Cu%*0.36. Commodity price assumptions: WO3 US$ 37,000/t, Sn US$ 23,500/t, Cu US$ 6,700/t. Recovery assu
Slide 9: Resource Comparisons (Tin Projects)
Redmoor - Resource Comparisons (Tin Projects) “the 2017 exploration drilling at Redmoor has the potential to deliver a truly world class project” For personal use only Bubble Size = Contained metal in-situ (tin equivalent using Redmoor SnEq factors on prev. slide) 8
Slide 10: Development Plan
Redmoor Development Plan • ~23 boreholes planned over a 2 phase drilling programme to identify and expand high grade For personal use only resource. Drilling to commence during H1 of 2017 • Updated resource estimate in late 2017 • Develop and consult with local community on a viable underground mine
Slide 11: Cornish Mining: Press Coverage
Cornish Mining: Press Coverage For personal use only 10
Slide 12: Win, Win, Win…
Redmoor – Win, Win, Win… Benefits… For the United Kingdom For personal use only Investment Export Earnings Tax Revenue Creation of a Modern Mining Hub Boost… For Cornwall Employment Low Environmental Impact Regional Investment Reconnecting with Heritage Success… For Cornwall Resources Ltd. Financial
Slide 13: Competent Persons Statement and Disclaimers
Competent Persons Statement and Disclaimers Competent Persons Statement For personal use only The information in this report that relates to Exploration Results and also the Exploration Target and Inferred Mineral Resource is based on information compiled and reviewed by Dr Mike Armitage, who is the
Slide 14: Cornwall Resources Limited
Cornwall Resources Limited For personal use only a 50:50 Joint Venture between New Age Exploration Limited Strategic Minerals Plc
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