Creating a leading nickel producer in South East Asia
March 2016
Creating a leading nickel producer in South East Asia March 2016 - - PowerPoint PPT Presentation
Creating a leading nickel producer in South East Asia March 2016 Disclaimer Forward-Looking Information This document may contain forward-looking statements. These forward-looking statements are made as of the date of this document and Asian
March 2016
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Forward-Looking Information This document may contain forward-looking statements. These forward-looking statements are made as of the date of this document and Asian Mineral Resources Limited (the “Company”) does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements. Such factors include, among others, risks associated with the Company’s dependence on the Ban Phuc Project, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of mineral resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in
to time in the Company's, annual information form, interim and annual reports and other public disclosure. Such forward-looking statements are based
going contractual negotiations will be successful and progress and/or be completed in a timely manner; that application for permits and licences will be granted/obtained in a timely manner; that no unusual geological or technical problems occur; that plant and equipment work as anticipated and that there is no material adverse change in the price of nickel. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking statements. In addition, please note that statements relating to “reserves” or “resources” are deemed to be forward-looking information as they involve the implied assessment, based on certain estimates and assumptions, that the resources and reserves described can be profitably mined in the future.
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150 Km2 Granted Exclusive Mineral Concession in a “World-Class” Nickel Belt 49.7 Km 2 Exploration License Hosting 25 initial High-Quality targets Key Infrastructure includes Mining, Processing & Camp including fully licensed tailings facility “First Mover Advantage” into a developing mining region in the heart of Asia. Highly Experienced National Operating Team with Proven Operational Ability Last New Source of Nickel Sulphide Production in the World Strong Community, Provincial, and Central Government Support 1. 2. 3. 4. 6. 7. 8. Regional M&A Opportunities Across Multiple Base Metal Opportunities 5.
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village in Son La Province
in partnership with COXAMA (10%) equitised Vietnamese company
local and regional targets
facilities
Our People and Operations
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restarts
Vietnams first exported nickel concentrate
A “Snap Shot” of History
Recent Operational History (as at December 2015)
Local Workforce & Community
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training programs focused on up-skilling workforce
spaces, a suspension bridge and technical assistance with water supply
Canadian and Australian Embassies through 2014
through Project Sprouts “Buddy Back Pack” program
Community and Social Initiatives Government Support
and Chairman of the People’s Committee of Son La Province have highlighted importance of Ban Phuc, as the country’s first nickel mine
July 2014
2015
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Song Da Rift Zone
the Red River Fault Zone
triassic in age
deposits such as Norilsk
Advanced Exploration
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assigned to Ban Phuc for exploration
soil sampling including developing priority ranking and program of work.
license was approved in July 2014
trenching and field mapping
mining approvals
Ready for focused Exploration
Laos
Area Hole (ea) Mtr’s (000’s) Ban Phuc 309 49.4 Exploration 75 12.9 Total Ta Khoa leases 384 62.5 Only 20% of total drilling to date has been on exploration
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King Snake Ban Chang,
Ban Khang, Nam Noi, Ban Phuc North, Suoi Phang, Ban Mong, Ban Khoa North, Ban Khoa South, Suoi Lap, Co Muong
Phu Ho, Ban Phuc West, Ban Phuc East, Suoi Phuc, Phai Han, Suoi Nho, Suoi Muong, Kingsnake North, Queensnake, Queensnake North, Suoi Chanh, Suoi Tao, Phieng Pot, Chim Van
varying stages of maturity.
provides a large and useable exploration data set.
ensure a focused and systematic approach to exploration maintained.
targets.
Developing the Project “Pipeline”
Geophysical Priority Structural Priority Strain Position Geological Horizon Geochemical Priority Presence of Gossan Chromium Priority Proximal Ultramafic Presence of Host Tremolite Anomalous Drill Hole Intercepts Proximity to Current Infrastructure
Key Ranking Criteria
Insitu Ni rich gossan and MSV have been delineated by trenching and or drilling.
Include insitu or float Ni rich gossan, trenching .
Defined by geochemical or geophysical data with limited follow up exploration activities .
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minesite
contact along a concordant, tremolite dyke
comprises MSV and disseminated sulphides as well as a unique brecciated (high grade) MSV
interpreted to be a splay off the regionally extensive Chim Van – Co Muong fault system
significant bi-product credits
holes have been drilled into Kingsnake compared to >300m at Ban Phuc
Kingsnake Plan showing geology and sampling results
Potentially larger than Ban Phuc
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139m), Soil geochemistry, as well as historical electromagnetic and magnetic geophysical surveys
length
Kingsnake extending the
potential strike length
Kingsnake to 1.2km
defined extents are already similar to Ban Phuc and the deposit remains
Kingsnake Drilling Significant Assays Hole Id From To Width Ni% Cu% Co% PGE ppm BP00-01 90.24 91.98 1.74 3.30 1.02 0.11 2.16 BP00-11 57.20 58.00 0.80 1.30 0.78 0.06 0.93 BP01-12 233.00 233.25 0.25 1.99 0.36 0.05 1.63 BP01-12 249.05 250.20 1.15 1.40 0.57 0.05 2.25 BP05-01 99.95 100.25 0.30 3.44 1.56 0.13 3.74 BP05-02 120.30 120.38 0.08 3.54 1.21 0.14 2.18 BP05-03 137.55 138.00 0.60 2.18 1.01 0.09 3.76 BPN07-01 26.00 27.33 1.33 1.42 0.68 0.06 2.54 BPN07-02 19.90 20.10 0.20 2.44 0.82 0.10 3.13 KSO2 3.51 4.01 0.50 2.82 0.62
2.94 4.54 1.60 3.27 1.30 0.11
1.10 1.90 0.80 3.08 1.59 0.17
The mineralization is comprised of a 1.5m wide brecciated MSV containing 3.27%Ni, 1.30%Cu and a 3m wide sulphide bearing tremolite dyke.
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within the phillites, sericite schists and quartzites
between 5 and 60m wide
structurally, in that, the MSV is interpreted to be hosted within a splay, (and subsidiary structures) off the major regional Chim Van – Co Muong fault system
zone, both are defined by strong co-incident Ni-Cu soil anomalies
Ban Chang Geology and MSV zones Ban Chang Adit
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holes (1,379m), 40 trenches (1,279m), 2 historical adits, soil geochemistry and historical geophysical surveys
MSV located in historical adits dictates this a high-quality priority target, requiring further exploration
strike length to the gossan. Work is ongoing
DDH / Adit To From Width Ni% Cu% BCLK2 58.15 59.15 1.00 2.65 1.04 BCLK4 62.9 64.6 1.70 1.89 0.91 BCL12-2 16.1 17.1 1.00 1.07 0.39 BCL13-1
2.19 1.54 Ban Chang adit (BC.ORE1) Significant Assays Ban Chang Cross Section through adit (BC.ORE1)
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NW of Ban Phuc
intrusive body located to date. This prospect has potential to host both MSV and large disseminated mineralization
samples produced anomalous grades up to 0.6%Ni & 0.26%Cu respectively
(200m long x 20m wide) produced assays of up to 0.48%Ni & 0.29%Cu respectively
zone 900 m long. Anecdotally, strong Cu is a lead indicator for Ni-Cu mineralization (MSV and disseminated) in the Ta Khoa region in general
Geology of Ban Khang
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Significant Rockchip Results
includes 3 trenches for 75m, soil geochemistry and a historical EM survey
is almost identical to Ban Phuc), the
the ultramafic, the Ni rich weathered rock samples and the presence of the largest intrusive body in the region all make this an exciting prospect
massive buried intrusive is wholly contained within AMR’s 150km2 concession Sample Lithology Ni% Cu% rockchip Ultramafic 0.48 0.30 rockchip ultramafic 0.60 0.26 rockchip Tremolite dyke 0.46 0.19 rockchip Tremolite dyke 0.54 0.47
Ban Khang Soil Geochemistry
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km SE of Ban Phuc
300m long and 50m wide. Magnetic Inversion work suggests this intrusion has a significant (larger than Ban Phuc) buried component
Phuc by, and juxtaposed against, the regionally extensive Chim Van-Co Muong fault system
prospect has both MSV and disseminated mineralisation potential
discovered near the intrusion and contained 0.98% Ni and 0.43% Cu
indicate a potential 650m long, structurally dislocated, mineralized zone
Nam Noi Geology
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Gossan float rock at Nam Noi
drilled for 100m. No trenching conducted, but soil geochemistry and historical geophysical surveys have been completed
spatial and structural position significantly upgrades the potential of this prospect i.e. proximity to the regionally extensive Chim Van – Co Muong fault corridor is considered very important in terms
(post depositional or primary) Ni dispersion Nam Noi Soil Geochemistry
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The scientific and technical information in this press release has been compiled and approved by Darryl Mapleson (BSc (Hons), FAusIMM) who is a Geologist retained by Asian Mineral Resources Limited and a Competent Person as defined by JORC guidelines and a Qualified Person for NI43-101. He has been working for Asian Mineral Resources Limited as an independent consultant.