New Age Exploration Limited · ASX:NAE
New Age Exploration — Investor Presentation (October 2016)
25 slides from New Age Exploration's investor presentation, Oct 24, 2016
Slide 1: Investor Presentation October 2016
For personal use only Investor Presentation October 2016
Slide 2: NAE Company Summary
NAE Company Summary Strong Multi-Commodity Project Portfolio For personal use only Melbourne Based, ASX Listed Experienced management and board; • Gary Fietz – Managing Director • Alan Broome AM – Chairman • Mike Amundsen - Director Diversified commodity portfolio; • Tin (price up 35% in 2016) • Tun
Slide 3: Redmoor Tin Tungsten Project, UK
For personal use only Redmoor Tin Tungsten Project, UK
Slide 4: Location and Ownership
Redmoor Location and Ownership • Redmoor Tin-Tungsten Project located in the world class Cornwall tin–tungsten–copper mineralised district For personal use only • ‘Mining friendly’ region with Imerys (China clay) and Wolf Minerals (tungsten) currently operating open pit mines • 84% owned Redmoor Exp
Slide 5: Geology and Resource
Redmoor - Geology and Resource • Sn, WO3 & Cu mineralisation related to granite intrusions (Kit Hill Granite) which caused mineral For personal use only containing fluids to be mobilised along fractures • 2 styles of mineralisation at Redmoor: • Lode style - high grade mineralisation within discrete
Slide 6: 2015 Exploration Target
Redmoor - 2015 Exploration Target The high grade Exploration Target is 2 to 3 times the size of the High Grade Resource at a similar For personal use only expected grade highlighting the exciting exploration potential High Grade Exploration Target • 4Mt to 6Mt with an estimated grade of between 0.9%
Slide 7: Mining Study
Redmoor - Mining Study • Preliminary Mining Study completed by technical consultants, Mining One including; stope optimisation, high level mine design, high level capital and operating costs for two options For personal use only • Bench stoping with backfill underground mining method assumed • High
Slide 8: Mineral Processing Study
Redmoor - Mineral Processing Study “Redmoor is a coarse grained, simple to process ore For personal use only with expected low processing costs and high recoveries” • Preliminary Mineral Processing study completed by metallurgical consultant, Ron Goodman including preliminary metallurgical flowsheet
Slide 9: JV Agreement and Work Program
Redmoor - JV Agreement and Work Program JV Agreement Work Program For personal use only • JV Agreement signed in May ‘16 with AIM Listed • Drilling program planned to commence in the first company, Strategic minerals Plc (“SML”) half of 2017 • SML will earn 50% of the Redmoor project on • Primary ob
Slide 10: Grade Benchmarking
Redmoor – 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 assumptio
Slide 11: 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) 11
Slide 12: Tin and Tungsten Outlook
Redmoor - Tin and Tungsten Outlook The LME Tin Price on 10 October 2016 reached US$20,100/t – up 35% year to date For personal use only Tin Tungsten • Main uses: • Unique commination of properties (high density, very • Lead free solder (electronics) hard, high melting point) make tungsten • Tin plat
Slide 13: Otago South Gold Project, New Zealand
For personal use only Otago South Gold Project, New Zealand
Slide 14: Otago South Gold (OSG) Project - Highlights
Otago South Gold (OSG) Project - Highlights “the exploration potential of a new gold prospect in south east Otago was arguably the highlight of the first day of New Zealand's annual mining conference” (nzresources.com, 5/9/2016) For personal use only • 2 Prospecting Permits over the Otago South Gold
Slide 15: OSG Project – Geology
OSG Project – Geology • Targets based on recent research by Dr. Doug MacKenzie and Professor Dave Craw from University of Otago For personal use only • The research has identified a geological ‘mirror image’ in the SW of the Otago Schist belt to that present in the NE of the schist belt (60km away)
Slide 16: OSG Project – Conductivity Lineament Targets
OSG Project – Conductivity Lineament Targets Up to 95km length of potential Macraes style shear zone targets have been identified over NAE’s permits based on conductivity highs within the Lower Greenschist unit of the Otago Schist For personal use only Teviot Permit 60255 Mahinerangi Permit 60254 16
Slide 17: OSG Project – Work Program & Strategy
OSG Project – Work Program & Strategy Initial Exploration Program For personal use only • To commence mid-November 2016 • Soil sampling program focused on Arsenic analysis (pathfinder element for gold in the Otago Schist) using portable hand-held XRF with As anomalies to be tested in laboratory for
Slide 18: Lochinvar Coking Coal Project, UK
For personal use only Lochinvar Coking Coal Project, UK 18
Slide 19: Lochinvar - Introduction
Lochinvar - Introduction • NAE owns 100% of Lochinvar, a low cost coking coal project, ideally located to supply UK and European steel mills For personal use only • Scoping study completed in late 2014 • Excellent location with almost all infrastructure located close to the planned mine • Coal Resou
Slide 20: Lochinvar – Scoping Study Results
Lochinvar – Scoping Study Results Lochinvar Scoping Study Valuation Summary For personal use only Production Life-of-Mine (LOM) ROM Mt 47 LOM Saleable Coal Mt 34 Life of Mine Years 26 Annual Ave. ROM Mt 1.9 Annual Ave. Saleable Coal Mt 1.4 Revenue1 Benchmark HCC Price US$/t 165 Ave. Realised Price U
Slide 21: Lochinvar – Coking Coal Price
Lochinvar – Coking Coal Price Recent increases in HCC prices have been very encouraging. Should prices be sustainable at around at around current levels then NAE will consider options for advancing the project again For personal use only • Coking coal spot prices have risen spectacularly over the pa
Slide 22: NAE Investment Highlights
1. Diversified commodity portfolio (Sn, W, Au & Coking Coal) to maximise value throughout commodity cycles For personal use only 2. 2017 Redmoor exploration drilling program, to be fully funded by JV partner SML, has the potential to significantly increase the size of the HG resource to become a tru
Slide 23: Competent Persons Statement
Competent Persons Statement REDMOOR The information in this report that relates to Exploration Results and also the Exploration Target and Inferred Mineral Resource is based on information compiled For personal use only and reviewed by Dr Mike Armitage, who is the Chairman of SRK Global and a Corpor
Slide 24: Disclaimers
Disclaimers This report contains “forward-looking information” that is based on the Company’s expectations, estimates and forecasts as of the date on which the statements were made. For personal use only This forward-looking information includes, among other things, statements and similar expression
Slide 25: New Age Exploration Limited
For personal use only New Age Exploration Limited ABN 64 004 749 508 Level 3, 480 Collins Street Melbourne, VIC 3000 Australia Phone: +61 3 8610 6494 Fax: +61 3 8610 6334 Email: [email protected] Website: nae.net.au
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