Noronex Ltd. · ASX:NRX
Noronex — Investor Presentation (March 2022)
23 slides from Noronex's investor presentation, Mar 3, 2022
Slide 1: Investor Presentation
For personal use only Investor Presentation Noronex Limited Advanced Copper Exploration in Namibia and Canada March 2022
Slide 2: Competent Person's Statement
Competent Person’s Statement For personal use only The information in this report that relates to Exploration Results at the DorWit Copper Project is based on information compiled by Mr Bruce Hooper who is a Registered Professional Geoscientist (RPGeo) of The Australian Institute of Geoscientists. M
Slide 3: The Noronex Copper Investment Opportunity
NORONEX COPPER OPPORTUNITY “Copper is a critical element in a low carbon world” The For personal use only Noronex PROJECTS: Advanced copper exploration in leading mining jurisdictions of Namibia and Canada. Projects have existing high grade JORC (2012) resources, significant Copper exploration upsid
Slide 4: Noronex Corporate Structure
ASX Code NRX Board/ Management Shares on Issue 191.7m David Prentice – Chairman Unlisted Options (1) For personal use only 36.5m Share Price $0.08 Robert Klug – Non- Executive Director Market Capitalisation (A$m) $15.3m Piers Lewis – Non- Executive Director Cash (A$m) (2) $5.0m James Thompson – Exec
Slide 5: Why Copper – few new discoveries
Why Copper – few new discoveries Copper exploration success and new discoveries over the last decade have been at historically low levels For personal use only Source: S&P Global Market Intelligence 5
Slide 6: Why copper – declining grades
Why copper – declining grades For personal use only • The vast majority of copper resources outside of existing mines are at a grade of 0.5% or below • Over the last 12 years the average grade of copper mined has declined by 1.8% per year to 0.59% in 2017 • Noronex projects are targeting top quartil
Slide 7: Why Copper – demand / supply imbalance
Why Copper – demand / supply imbalance Copper market For personal use only • Copper is a commodity with strong and growing market fundamentals • Demand is being driven by industrialisation and electrification (ESG & Green Energy, Renewables, Electric Vehicles, Copper Intensity in ”middle class”) • T
Slide 8: Namibia – Kalahari Copper Belt
Namibia – Kalahari Copper Belt Noronex is targeting copper in leading mining jurisdiction of Namibia For personal use only • Modern Capital City: Windhoek • Political System: Modern Democracy • Population: 2.6m • Land Area: 825,615 km2 • Excellent infrastructure: Access to road, rail infrastructure
Slide 9: Growing Kalahari Copper Belt Presence
Growing Kalahari Copper Belt Presence District Scale Package For personal use only • Existing JORC (2012) Resource of 10mt @1.3% Cu 1 • ~6,100 km2 of highly prospective ground covering >200kms strike length in key part of belt • Includes applications for 3,500 km2 recently lodged over Snowball Tail,
Slide 10: Kalahari Copper Belt – Witvlei
Kalahari Copper Belt – Witvlei 13,000m program to test IP and geochemical anomalies at new targets For personal use only • Inferred and Indicated resources defined in four deposits : 10Mt @1.3% Cu 1 • Phase 1 drill program of 13,000m (200m holes at 100m spacing) completed to test geochemical samples
Slide 11: Kalahari Copper Belt - Snowball
Kalahari Copper Belt - Snowball Drilling underway at Snowball Project For personal use only • Snowball project is targeting a basin margin structure with targets focused on contact of NPF-DKF that hosts major deposits in Botswana • Work Commenced at Hennep and Kehora North • Chargeability IP anomali
Slide 12: Kalahari Copper belt - Snowball
Kalahari Copper belt - Snowball IP Completed at Hennep For personal use only • Drilling to commence at Hennep shortly • Estimated 70m cover • Chargeable IP target defined on NPF contact • Drill eastern growth fault structure • Number of prospective areas highlighted 12
Slide 13: Kalahari Copper Belt - Humpback
Kalahari Copper Belt - Humpback Fiesta-Fortuna Copper-Silver For personal use only • Drilled 2014-18 by Cupric Canyon in JV with local partner • Over 120 Holes drilled • 15 km strike length of Copper • Very important prospective horizon • Fiesta over 3 km strike length • Continuous sheet steeply dip
Slide 14: Snowball Background
Snowball Background Complex Magnetics For personal use only • Snowball Project covers key tectonic setting • The complex magnetics is due to compressional deformation of the basin margins with condensed sequence over a former basement high Target 1 • Tectonic setting typical of hosting large scale S
Slide 15: Project Targeting
Project Targeting Basin Modelling For personal use only • Brines carry the base metals out of basin deeps • Oxidized fluids precipitate Copper at the reductants (EM Conductors) • Condensed sequence with reductants on structural traps on Anomalous Metal Enrichment of Basin Brines in the Zambian Coppe
Slide 16: Canadian Copper - Ontario Copper
Canadian Copper - Ontario Copper The opportunity – growing a copper inventory in a Tier 1 mining jurisdiction For personal use only UT LustrumProperty Noronex Property NWT NU BC AB SK NF MN QC ON Location Location of Lustrum’s of Noronex’s Project Project Ontario, Canada Lustrum Property Ontario, Ca
Slide 17: Canadian Copper – Resource & Exploration
Canadian Copper – Resource & Exploration The opportunity – growing a copper inventory in a Tier 1 mining jurisdiction For personal use only • Noronex is one of the largest land holders (30,000Ha) targeting Cu-Au-Ag VMS deposits on the Onaman- Tashota Greenstone Belt in Ontario, Canada • Prospective
Slide 18: Canadian Copper – Project Locations
Canadian Copper – Project Locations For personal use only Typical logging road access to Onaman Outcropping VMS mineralisation at 18 Onaman’s Lynx deposit
Slide 19: Copper Production
Copper Production Targeting Resource of 300,000 tonnes of contained copper for development and 2021 / 2022 Timeline copper production 2022: Stage 2 Exploration planning For personal use only based on approvals and results Acquisition of further project from stage 1 areas/acreage with strong Feb/Mar
Slide 20: Summary
Summary Well funded to tackle exciting phase of exploration For personal use only Geological: • Completed 13,000m drilling at Witvlei at five prospects • Defined drill anomalies at Snowball and drilling commenced • Target large new discovery in mineralised province • Canadian project to be drilled C
Slide 21: Board and Management
Board and Management • Experienced board and management includes former senior Sandfire executives with strong copper background For personal use only • Expertise covers all phases of resource development lifecycle from exploration, M&A, financing through to production • In country teams with proven
Slide 22: 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 1 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 23: Onaman Resources
Onaman Resources 2 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