Boab Metals Ltd · ASX:BML
Boab Metals — Pacifico Minerals — Investor Presentation (February 2020)
21 slides from Boab Metals's investor presentation, February 2020
Slide 1: Company Presentation February 2020
“DEVELOPING A NEAR-SURFACE LEAD-SILVER-ZINC DEPOSIT IN WESTERN AUSTRALIA.” COMPANY PRESENTATION FEBRUARY 2020 PACIFICO MINERALS LIMITED ASX:PMY
Slide 2: Disclaimer
DISCLAIMER Forward-Looking Statements Certain statements in the presentation are or may be “forward-looking statements” and represent the Company’s intentions, projections, expectations or beliefs concerning, among other things, future operating and exploration results or the Company’s future perfor
Slide 3: Corporate Snapshot – ASX: PMY
CORPORATE SNAPSHOT – ASX: PMY CAPITAL STRUCTURE (FEB. 7) TOP 5 SHAREHOLDERS SHARES ON ISSUE (M, UNDILUTED) 2,900 HOLDER HELD OWNERSHIP MARKET CAP (A$M, AT A$0.006) 17.31 1. VILLIERS QUEENSLAND PL* 356,092,229 12.33% CASH (A$M) 3.7 2. ZERO NOMINEES PL 253,888,888 8.79% ENTERPRISE VALUE (A$M) 13.6 3.
Slide 4: Board and Management Team
BOARD AND MANAGEMENT TEAM ASX:PMY RICHARD MONTI SIMON NOON PETER HAROLD ANDREW PARKER CHAIRMAN MANAGING DIRECTOR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR Geologist with over 30 Simon is an experienced executive Process Engineer with over Lawyer with extensive years’ experience in with a strong
Slide 5: Sorby Hills Investment Highlights
SORBY HILLS INVESTMENT HIGHLIGHTS Developing a large near-surface and Compelling economics including modest flat lying lead-silver-zinc deposit in CAPEX and fast payback. Western Australia. Recent drilling success and substantial Project ideally located close to port Resource Upgrade to underpin Opt
Slide 6: The Case for Lead
THE CASE FOR LEAD SUPPLY AND DEMAND LEAD BATTERIES SUPPORT THE CLEAN ENERGY TRANSITION • Lead batteries provide 75% of worldwide rechargeable energy storage2.. • EVs use a separate lead battery to power the lithium-ion propulsion batteries • Stock of short-term refined lead is close to record lows.
Slide 7: Location and Infrastructure
LOCATION AND INFRASTRUCTURE • Located ~50km north-east from the regional centre of Kununurra. • Existing sealed road to transport concentrate from site to the facilities at Wyndham Port, 150km away. • Wyndham Port is already shipping metal concentrates. • Established infrastructure allows for fast t
Slide 8: Key Government Approvals & Strategic JV Partner Secured
KEY GOVERNMENT APPROVALS & STRATEGIC JV PARTNER SECURED ✓ Granted mining tenements. ✓ WA Environmental Protection Authority (‘EPA’) approval for an open pit mine and infrastructure. ✓ Pre-native title tenements. ✓ Top tier JV partner secured to develop the project (PMY 75%/HYG 25%). ✓ Henan Yuguang
Slide 9: Pre-Feasibility Study Highlights
PRE-FEASIBILITY STUDY HIGHLIGHTS March 2019 Pre-Feasibility Study (‘PFS’) returned highly robust 8 Year Initial Mine Life financials. 1 Mtpa Mining Rate Optimised PFS (Q2 2020) targeting a substantial increase in mining rate following highly successful drilling and a resource inventory and LOM Lead
Slide 10: Mineral Resource Estimate
MINERAL RESOURCE ESTIMATE • Global Resource of 36 Mt @ 4.9% Pb equivalent1 (3.7% Pb, JORC MINERAL RESOURCE ESTIMATE AT A 1.0% LEAD CUT-OFF GRADE1 39g/t Ag) and 0.5% Zn from 20 metres below surface and open CLASSIFICATION TONNES (Mt) Pb % Ag g/t Zn % CONTAINED CONTAINED CONTAINED along strike and dow
Slide 11: Mining, Metallurgy, and Processing
MINING, METALLURGY, AND PROCESSING “Open pit mining, high recoveries and simple processing to produce high quality concentrate.” MINING METALLURGY • Initial production from 3 open • Rougher flotation with sulphidisation pits over initial 8-year mine life. testwork confirms up to 96% Pb and 95% Ag re
Slide 12: Sorby Hills MVT Geology
SORBY HILLS MVT GEOLOGY • Located in a world-class Mississippi Valley Type (‘MVT’) district. • Several MVT deposits have been mined previously in the Kimberly region. • Mineralisation is typical carbonate-replacement style located at the transition between dolomites in the footwall and overlying sil
Slide 13: Exploration Upside
EXPLORATION UPSIDE • Newly obtained geological information has been valuable in defining expansions of the resource and the confidence in targeting has increased significantly as a result. • Recent Wildcat Exploration Drilling confirmed a large, shallow depth anomaly to the west of the existing depo
Slide 14: Pacifico's Drilling Highlights
PACIFICO’S DRILLING HIGHLIGHTS “Pacifico’s drilling has confirmed continuity across several minor deposits to form the Omega deposit with a strike length of 1.7km.” Significant intercepts obtained through Pacifico’s drilling include: • 20.0m at 7.3% Pb, 56 g/t Ag 0.4% Zn from 11m – Omega Deposit (AC
Slide 15: Key Milestones and Newsflow
KEY MILESTONES AND NEWSFLOW “Outstanding progress made since Project acquisition. On track for DFS early 2021.” Phase II Mineral Phase III Optimised Strategic Phase I Phase III Project Significant PFS Review 6,000m Resource 3,000m PFS & Ore Financing Phase IV 5,500m Drilling Acquisition MRE Uplift &
Slide 16: Contact Us
ASX:PMY Simon Noon – Managing Director CONTACT US Level 1, 105 St Georges Tce, Perth WA 6000 61 8 6268 0449 [email protected] www.pacificominerals.com.au
Slide 17: Capital Investment and Operating Costs
CAPITAL INVESTMENT AND OPERATING COSTS PRE-PRODUCTION CAPITAL EXPENDITURE (A$M) OPERATING COST ESTIMATES ON-SITE CAPITAL EXPENDITURE 52 A$/lb US$/lb MINING 0.31 0.22 EPCM 8 PROCESSING 0.11 0.07 OWNER’S PROJECT COSTS 10 TCRCs AND OUTBOUND LOGISTICS 0.16 0.11 MINING (INC. DE-WATERING, PRE-STRIP) 14.9
Slide 18: Resource Estimate at Selected Cut Off Grades
RESOURCE ESTIMATE AT SELECTED CUT OFF GRADES Cut-Off Grade Pb% JORC Classification Tonnes (Mt) Pb % Zn % Ag g/t Contained Pb (Kt) Contained Zn (Kt) Contained Ag (Moz) 1.0 Indicated 16.6 3.8 0.4 39 630.8 62.3 20.81 Inferred 19.4 3.6 0.5 38 707.8 106.7 23.78 Total 36.0 3.7 0.5 39 1,338.5 169.1 44.59 1
Slide 19: Calculation of Pb Equivalent Grades
CALCULATION OF PB EQUIVALENT GRADES The contained metal equivalence formula is made on the following assumptions based on historical metallurgical work included in a Pre-Feasibility Study Update (ASX: PMY Announcement, 26 March 2019) and modified by more recent metallurgical testwork results (ASX: P
Slide 20: Lead Market Opportunity – Demand by Application
LEAD MARKET OPPORTUNITY – DEMAND BY APPLICATION LEAD CONSUMPTION BY SECTOR • Largest sector of lead demand is automotive (AV) batteries, accounting for more than 86% of refined lead (of which 64% is used in replacement batteries)1. • Wood Mackenzie therefore expects automotive demand to boost lead b
Slide 21: Non-Core Assets
NON-CORE ASSETS “Exploring opportunities to sell or establish Joint Ventures for our non-core assets to realise shareholder value.” BORROLOOLA WEST JOINT VENTURE (NORTHERN TERRITORY) • Joint Venture Project in the McArthur Basin with Sandfire Resources NL (PMY 51%, SFR 49%). • Potential for Mt Isa s
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