2014 Annual General Meeting Company Update Melbourne, 21 November 2014 ASX: NML
Forward-looking statement & disclaimer Navarre Minerals Ltd ASX:NML The information contained in this presentation is provided by Navarre Minerals Limited (Navarre) and other sources identified herein. No representation or warranty, express or implied, is made by Navarre or any adviser or any of their respective affiliates or representatives as to the accuracy or completeness of such information. Nothing contained in this presentation is or shall be relied upon as, a promise or representation by any of Navarre or any such advisers, their respective affiliates or representatives. The information contained in this presentation is for informational purposes only and is not a recommendation as to whether to invest in Navarre shares. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Unless otherwise specified, data and tables set out in this presentation are based on Navarre management estimates. This presentation does not include all available information on Navarre, and any potential investor should also refer to Navarre ’s Annual Reports and ASX releases and take independent professional advice before considering investing in Navarre. For more information about Navarre Minerals Limited, visit the website at www.navarre.com.au. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Navarre or its directors, or any of their employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault of negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness or any forecasts, projections, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Past performance is no guarantee of future performance. This presentation may contain “forward - looking statements” within the meaning of securities laws of applicable jurisdictions. Fo rward-looking statements can generally be identified by the use of forward- looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “continue”, “objectives”, “outlook”, “guidance” or other similar words, and include statements regarding certain plans, strategies and objectives of management and expected financial performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside the control of Navarre and any of its officers, employees, agents or associates. Actual results, performance or achievements may vary materially from any projections and forward-looking statements and the assumptions on which those statements are based. Readers are cautioned not to place undue reliance on forward-looking statements and Navarre assumes no obligation to update such information. COMPETENT PERSON STATEMENT The information in this presentation that relates to Exploration Results, Mineral Resources and Exploration Potential is based on information compiled by Mr Wessley Edgar. Mr Edgar is an employee of Navarre Minerals Limited, is a member of the Australasian Institute of Mining and Metallurgy and is a Competent Person under the definition of the 2012 JORC Code. The Exploration Potential described in this Presentation is conceptual in nature, and there is insufficient information to establish whether further exploration will result in the determination of a Mineral Resource. Mr Edgar consents to the publication of this information in the form and content in which it appears. The information in this presentation that relates to Exploration Targets refers to targets that are conceptual in nature, where there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource. The information on Stawell-style gold Exploration Targets in this presentation are based on a conceptual range of targets as follows: Tonnage range: 6 -10 million tonnes Grade range: 4 g/t Au to 6 g/t Au Metal: 0.8 to 1.9 million ounces of gold 2
Navarre Minerals Ltd Corporate overview ASX:NML Major Shareholders ASX CODE: NML Crocodile Gold Corp 14% Cash A$0.9M # Board & management 21% 72.6m Ordinary Shares on Issue John Darroch & family 4% Lujeta Pty Ltd 3% Market Capitalisation: Top 20 57% Approx. A$2.9m* *based on $0.04 share price 3 # cash balance at September 2014
Company objectives Navarre Minerals Ltd ASX:NML We are a Victorian-based resources company unlocking the gold & copper potential of western Victoria’s emerging and proven mineral corridors Our Objective is to create shareholder value by: 1. Discovery of a large low-cost copper deposits in the emerging Western Victorian Cu belt 2. Discovery of long-life gold deposits in the proven Stawell gold corridor 3. Examining transformational opportunities Tatyoon Gold Project 4
Significant milestones 2013/14 Navarre Minerals Ltd ASX:NML Exploration Broad intervals of copper & gold intersected in two drill programs highlight potential for large deposits at depth at Eclipse Porphyry copper and VMS potential identified at Lexington and Glenlyle prospects New Stawell-style gold potential identified with drill targets defined at Tatyoon Gold Project Deals Farm-out of Tandarra to Catalyst Metals Ltd granting a right to earn a 51% interest by spending $3M over 4 years Capital Successful Share Purchase Plan and placement completed raising $844K 5 Eclipse RC drilling
Emergence of two key projects Navarre Minerals Ltd ASX:NML Two adjacent mineral belts close to existing mine infrastructure Western Victoria Copper Project (Miga Arc) Eclipse prospect Volcanic Massive Sulphide (VMS) Porphyry copper - gold Stawell Corridor Gold Project Tatyoon’s Grange prospect Stawell’s Magdala -style gold look-a-like 6
Western Victoria Copper Project Total area 964km² 100%-owned 130kms of volcanics with no deep drill holes Four porphyry / VMS prospects: Eclipse Lexington Pollockdale Glenlyle IP geophysics survey & two RC drill programs completed at Eclipse Gravity survey, geological mapping & soils completed at Lexington for target definition Data review & target generation at Glenlyle 7
Eclipse Prospect Geophysics locates 3 large targets: 2 undrilled; no deep drilling Long Section Shallow drilling at Target 1: Discovery of enriched copper (chalcocite) starting 30m below surface Discovery of broad gold & copper zones up to 5.6g/t gold & 2.8% copper Gold & copper is part of a deeper & larger system Target 1 & 2 - potential VMS-style mineralisation Target 3 – potential porphyry-copper 7 8
Eclipse Prospect Navarre Minerals Ltd ASX:NML IP survey indicates copper & gold, intersected in shallow drilling, is part of a deeper mineral system Chalcocite (enriched copper) formed from weathering of deeper body of pyritic copper- gold-zinc mineralisation Broad zones of primary copper, gold, silver & zinc in drill holes beneath chalcocite: 136m at 0.3 g/t gold, 107m at 0.2% copper & 95m at 0.1% copper intercepted* Drilling is vectoring towards deeper target zone outlined by geophysics Register for Vic Gov’t TARGET Initiative to co - fund deeper drilling 9 * See NML ASX release 29 October 2014
Western Victoria Copper Project Navarre Minerals Ltd ASX:NML VMS copper potential at depth at Eclipse Target 1 Eclipse Targets 2 & 3 remain to be drill tested – VMS & porphyry- copper potential Porphyry- copper targets are emerging at Stavely and Black Range licences New Glenlyle Project acquired with VMS & porphyry- copper potential Auger soil sampling at Lexington 10
Stawell Corridor Gold Project 90% of ‘Corridor’ under cover - only surfaces at Stawell & Ararat (both sides of The Great Divide) 6 Moz gold production - mainly from Stawell Stawell’s Magdala-type gold on flanks of large basalt domes Gold is finer grained, more continuous & more predictable than Bendigo and Ballarat style deposits 100%-owned Tatyoon exploration licence recently granted on 9 September 2014 for 5 years 10 11
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