Polarx Ltd · ASX:PXX
Polarx — Investor Presentation (September 2018)
20 slides from Polarx's investor presentation, Sep 3, 2018
Slide 1: Zackly Expansion; Alaska Range Project
ASX: PXX www.polarx.com.au Zackly Expansion; Alaska Range Project Company Update, September 2018 1
Slide 2: Alaska Range Project: High-Grade Cu-Au-Ag, MASSIVE UPSIDE
Alaska Range Project: High-Grade Cu-Au-Ag, MASSIVE UPSIDE • Advanced projects, high-grade from surface • Porphyry province, proven world-class endowment • Drilling to increase size of Zackly Cu-Au-Ag resource • Environmental baseline studies underway • Technical support - Mitchell River Group (Perth
Slide 3: Capital Structure and Corporate
Capital Structure and Corporate Shares (M) Options (M) TOTALS 298.3 5.2 SHAREHOLDERS: % Management/Directors/MRG Team 15.2 JP Morgan (UK) 8.7 TIGHTLY HELD Ruffer Gold Fund (UK) 7.2 Millrock Resources Inc 6.4 Top 20 65% Lowell Resources Fund (Aus) 2.6 Top 40 75% Jupiter Asset Management (UK) 2.5 U.S.
Slide 4: Excellent access, mining friendly jurisdiction
Excellent access, mining friendly jurisdiction ALASKA RANGE PROJECT: • 350km north-east of Anchorage • ~6 hours from Anchorage by road • Nearby lodges for accommodation & support • 100km from rail, power, highway • Easy road/rail access to all year ports ALASKA, USA: • Mining friendly, 6 current min
Slide 5: Reliable access to infrastructure; road, rail, ports, lodges
Reliable access to infrastructure; road, rail, ports, lodges Port of Seward Access to Fairbanks – Anchorage - Seward railway 4WD access to Caribou Dome and in 2019 to Zackly Access to local lodges for accommodation and support 5
Slide 6: Alaska Range Project at regional fault intersections – fertile fluid pathways
Alaska Range Project at regional fault intersections – fertile fluid pathways • Major boundary between the Tintina Gold Belt and the e lt Cretaceous Porphyry Copper Belt ld B • Intersected by a major NW to a Go WNW trending fault corridor t in Tin forming a pathway for fertile magmas • Same age rock
Slide 7: Zackly – 2018 drilling on-track to expand current resource
Zackly – 2018 drilling on-track to expand current resource Cut-off grade Category Million Tonnes Cu % Au g/t Ag g/t Contained Cu (t) Contained Cu (Mlb) Contained Au (oz) Contained Ag (Moz) 0.5% Cu Inferred 3.4 1.2 2.0 14.0 41,200 90.9 213,000 1.5 7
Slide 8: ZX-18020: 55m @ 2.8g/t Au, 0.6% Cu and 9.4g/t Ag, 850m along-strike
ZX-18020: 55m @ 2.8g/t Au, 0.6% Cu and 9.4g/t Ag, 850m along-strike • High-grade Cu + Au+ Ag from very near surface • 850m along-strike from current Inferred Resource • Assays soon for holes ZX-18024 and ZX-18021 ZX-18020 From (m) To (m) Interval (m) Cu % Au g/t Ag g/t 2.5 57.1 54.6 0.6 2.8 9.4 Incl
Slide 9: Strong copper-gold mineralisation in ZX-18018: 100m deeper
Strong copper-gold mineralisation in ZX-18018: 100m deeper • This intersection is approximately 100m below the nearest hole on this section of the inferred resource • Copper and gold mineralisation within sub-vertical skarn alteration from 260.15m to 332.08m down hole • Visible gold observed in four
Slide 10: ZX-18023; 9.3m @3.3% Cu, 2.3g/t Au and 19.7g/t Ag
ZX-18023; 9.3m @3.3% Cu, 2.3g/t Au and 19.7g/t Ag • Massive magnetite skarn from near surface • 350m along-strike from current Inferred Resource • Assays pending for deeper holes ZX-18025 and ZX-18027 • Mineralisation is strongly magnetic – detailed airborne survey to be prioritised for further dril
Slide 11: Evidence of prospectivity for porphyry Cu-Au systems
Evidence of prospectivity for porphyry Cu-Au systems • Regional setting in a known, well-endowed porphyry belt • Structural setting on a NW fault which hosts known porphyry deposits • Regional magnetic signatures consistent with oxidized intrusions • Co-incident Cu-Au-Mo-As-Ag anomalism in soil samp
Slide 12: Zackly structural corridor: multiple intrusive centers
Zackly structural corridor: multiple intrusive centers • WNW structural trend at Zackly extends along strike to the Mars and Zackly SE porphyry targets • Forms a structural corridor containing multiple targets for porphyry Cu-Au deposits + skarns • Zackly mineralisation is direct evidence for nearby
Slide 13: Intrusive centers + soil anomalies = PORPHYRY Cu-Au TARGETS
Intrusive centers + soil anomalies = PORPHYRY Cu-Au TARGETS ZACKLY + JUPITER (Porphyry, skarn) • Zackly open in all directions, Cu-Au- Ag skarn with a porphyry source, possibly to the south-east • 2km x 1km soil anomaly at Jupiter with up to 0.38% Cu, 0.78g/t Au, no drilling, and very limited IP MAR
Slide 14: Mars – strong IP and surface geochemistry, widespread alteration
Mars – strong IP and surface geochemistry, widespread alteration 14
Slide 15: Caribou Dome - shallow, high-grade Cu deposit
Caribou Dome - shallow, high-grade Cu deposit • 2.8Mt at 3.1% copper (0.5% lower-cut) for 86,000t of contained Copper (JORC 2012) • 60% in the top 150m including 935,000t @ 4.4% • High grade, sediment-hosted • Drill intersections over >800m strike-length • Open in all directions • Structural re-inte
Slide 16: Ongoing work programs and news flow
Ongoing work programs and news flow 2018 September Assay results for ZX-18021, ZX-18024, ZX-18025 October Assay results for ZX-18027 to ZX-18030 November Assay results for remaining drill holes at Zackly Assay results for soil and rock-chip samples at Mars porphyry target Detailed aeromagnetic surve
Slide 17: Concluding Statements
Concluding Statements • Big holding of high quality, high-grade copper-gold-silver assets in mining friendly Alaska, USA • Advanced projects – early exploration risk has been removed • Major drilling and exploration program already delivering results in 2018 • Massive upside from new Cu-Au targets a
Slide 18: Appendix 1: Experienced management team with track-record
Appendix 1: Experienced management team with track-record MARK BOJANJAC A Chartered Accountant with over 25 years’ direct experience in developing resource companies. A founding director of Gilt-Edged Mining Limited which discovered East Kundana, one of Australia’s highest grade gold mines and manag
Slide 19: Appendix 2: Mitchell River Group Pty Ltd
Appendix 2: Mitchell River Group Pty Ltd • MRG is a privately owned Australian venture capital and resource management and development group • Provides comprehensive technical, commercial and management services to multiple companies. • Current clients include ASX-listed: • African Energy Resources
Slide 20: Cautionary Statements
Cautionary Statements This presentation has been prepared by PolarX Limited (“PolarX”) to assist in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in PolarX or as an inducement to make