Impact Minerals (ASX:IPT) Company Presentation, Symposium Investor Roadshow April 2014

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Impact Minerals' (ASX:IPT) presentation at Symposium's Investor Roadshow in Sydney and Melbourne to over 250 attendees, April 2014. Presentation was delivered by IPT's Managing Director, Dr Mike …

Impact Minerals' (ASX:IPT) presentation at Symposium's Investor Roadshow in Sydney and Melbourne to over 250 attendees, April 2014. Presentation was delivered by IPT's Managing Director, Dr Mike Jones.

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  • 1. 1 Investor Presentation Impact Minerals Limited Drilling for high grade gold-silver-base metal and platinum-nickel-copper deposits Mulga Tank, WA Commonwealth, NSW Broken Hill, NSW Managing Director: Dr Mike Jones SYMPOSIUM PRESENTATION Sydney and Melbourne: April 2014
  • 2. 2 Is this the bottom? Mike takes no responsibility for any action taken on the basis of this graph. If MIke’s predictions of the stock market were any good he would be giving this presentation from his yacht in the Mediterranean. TTI
  • 3. 3 “Running a junior exploration company is like riding a bike: if you go too slow you will fall off.” Anon. Staying Alive in Difficult Times
  • 4. 4 Introducing Impact Minerals 4 Impact Minerals (ASX: IPT) Listed on ASX Shares on Issue Options Share Price Market Cap Key Projects Cash November 2006 486m 8 m listed IPTO 34m unlisted 3¢ $15m Commonwealth Au-Ag-Zn-Pb-Cu (NSW) Broken Hill JV: Ni-Cu-PGM (NSW) Mulga Tank JV: Ni-Cu-PGM (WA) $1.5m (plus $200,000 cash and $550,000 in shares May-Jun) Shareholders Bunnenberg Family 31% Directors 11% Top 20 58% Top 50 69%
  • 5. 5 1. COMMONWEALTH - NSW: (IPT 100%) • High grade Au-Ag-Zn-Pb-Cu • Resource definition drill out required to define an initial >100,000 oz gold eq. • Targeting >1 million ounce gold-equivalent 2. BROKEN HILL JV - NSW: (IPT earning 80% from GCR) • Highest grade PGM project in Australia: drill intercepts of >20 g/t platinum- palladium and 6% copper and 4% nickel • Targeting >1 Moz PGM equivalent with high grade nickel and copper 3. MULGA TANK JV - WA: (IPT 100% and earning 50%-75% from GCR) • Possible new nickel camp: widespread high tenor nickel and copper • Targeting > 1 Mt nickel metal 4. OTHER PROJECTS – Queensland gold, Botswana Uranium • Available for JV or Sale Projects By Priority
  • 6. 6 February 2014
  • 7. 7 Commonwealth Project: Setting Major Gold-Copper Mining Province
  • 8. 8 Commonwealth Project: Previous Work • Gold-rich Volcanogenic Massive Sulphide Deposit • Mined 1906-1930’s 6500 t at 6 g/t Au, 150 g/t Ag, 2% Cu, 15% Zn & 7% Pb • Poorly explored: 66 drill holes for an average depth of 53 metres. • Previous exploration focus along 250 m strike at Commonwealth • Acquisition in March 2013 • EL5874: 3-4 km strike potential
  • 9. 9 Commonwealth: Deposit Model • Impact has re-logged 20 drill holes: VMS deposit confirmed.
  • 10. 10 Silurian VMS Deposit 17.7 Mt at 1.4 g/t gold, 80 g/t silver, 1.7% copper, 9.9% zinc, 3.8% lead for 7.1 million oz gold eq. • 3.5 Moz gold equivalent underground resource and reserve • Multiple lenses down to at least 630 m depth Analogy: Woodlawn deposit (TriAusMin) Goulburn, NSW Average drill depth at Commonwealth
  • 11. 11 • Historic resource estimate: Main Shaft: *83,000 t at 16.5 g/t gold eq. (6 g/t gold, 250g/t silver, 10% zinc, 3% lead, 0.5% copper) for 44,000 oz gold eq. *Only over 50 m strike to 50 m depth • Drill intercepts in fresh rock of: 9.8 m at 8.4 g/t gold, 357 g/t silver, 4.1% lead, 9.3% zinc, 0.5% copper 30 m at 6 g/t including 2 m at 77 g/t gold • Potential for significant deposit beneath & along strike from Main Shaft • Resource definition drilling required • Exploration Target >1 M oz gold equivalent Commonwealth Mine
  • 12. 12 • Gold-rich stringer-style mineralisation • Open pit bulk mine potential • Open at depth and down plunge • 30 m at 6 g/t gold and 17 g/t silver • 26 m at 2.5 g/t gold and 20 g/t silver Commonwealth South
  • 13. 13 Commonwealth: Potential at Depth • High grade gold results open along strike and at depth at: – Main Shaft – Commonwealth South • High value ore per tonne
  • 14. 14 Commonwealth: Potential along strike COMMONWEALTH • Grab sample results up to 24 g/t Au, 493 g/t Ag, 2.9% Pb, 0.4% Zn, 0.3% Cu • Gold-rich mineralisation doubled strike to 600 m • Preliminary IP results: strong chargeability at 200 m depth CORONATION • Early- to mid-time conductors identified over 800 m • Field checking results up to 18% copper, 58 g/t silver, 0.9% lead, 0.9% zinc, 0.35 g/t gold • 800 m strike copper-rich mineralisation
  • 15. 15 What’s hiding under Silica Hill?!
  • 16. 16 Commonwealth: Regional Potential • Secured a further 315 sq km • 8 km strike potential rocks that host Commonwealth • 10 km strike potential of structures that host Galwagere deposit • Additional historic copper- gold workings
  • 17. 17 • Drill programme to commence in Q2 2014 • 2,500 m programme • Initial aim to define >100,000 oz gold eq. resource • Define plunge of shoots • Define potential for >1 million ounces gold eq. Commonwealth: Next Steps
  • 18. 18 Broken Hill Nickel-Copper-PGM Joint Venture Project New South Wales Impact earning 80% IPT required to spend $100,000 to earn 51% and a further $200,000 to earn 80%
  • 19. 19 Broken Hill Ni-Cu-PGE JV Project • Located in the richly mineralised NSW Curnamona Province • 4 priority targets: – Red Hill – Platinum Springs – Moorkaie – Little Broken Hill Gabbro • Highest platinum grades in Australia with potential for >1 Moz PGE • Mineralised mafic and ultramafic dykes and sills with high grade gossans over a 35 km belt • Impact to earn 80% by spending a further $300,000 by Nov 2017 Moorkaie Platinum Springs Red Hill Little Broken Hill Gabbro
  • 20. 20 Platinum Springs Prospect • Bulk sample of gossan averaged up to – 19.6 g/t platinum – 50 g/t palladium – 12 g/t other PGM’s (Os, Ir, Ru, Rh) • High grade drill intercepts and rock chip samples over small 100 m x 100 m area. GMS-006 returned: – 2 m at 10.9 g/t Pt, 23.6 g/t Pd, 6.12% Ni, 4.45% Cu • Massive sulphides at sill base • Possible feeder zones • Previous work focussed on east-west trending sill-model rather than Impact’s north-south trending structural model Open
  • 21. 21 Ni + Cu soil geochemistry EM Anomaly • Red Hill Mine active from 1906 to 1937 • About 500 t was mined • Old mine records indicate face sample results of: – 2 to 4% copper – 2 to 3% nickel – 5 to 41 g/t platinum – 22 to 70 g/t silver • Anomalous soil and rock chip samples extend for several hundred metres to the east • NO DRILLING • Partly coincident with EM anomaly • Drill Ready Target Red Hill Prospect
  • 22. 22 • Drill programme to commence in Q2 2014 • 1,000 m programme • Drill EM target at Red Hills • Drill beneath the Red Hill mine workings • Define potential for >1 million ounces PGM. Broken Hill: Next Steps
  • 23. 23 Mulga Tank Nickel-Copper-PGE Project Western Australia Impact 20% to 100% and earning 50% to 70%
  • 24. 24 • Emerging WA nickel province • Near to world class nickel mines: –Perseverance >1 Mt Ni metal –Mt Keith >2 Mt Ni metal –Kambalda camp >1 Mt metal • Recent discoveries at –Nova-Bollinger deposit (0.5 Mt Ni Eq.) –Camelwood (Ni) –Collurabie (Ni-Cu-PGE) Mulga Tank Project: Location
  • 25. 25 A sense of scale and perspective! Conductor 5 Area of Mulga Tank Dunite Mulga Tank Dunite and the Kambalda Nickel Field at the same scale 1 km
  • 26. 26 News Flow 1 km