Enterprise Metals Limited Enterprise Metals Limited Doolgunna - - PowerPoint PPT Presentation

Enterprise Metals Limited

Enterprise Metals Limited

Doolgunna & Fraser Range Potential World Class Provinces

Kalgoorlie 6 August 2013

Enterprise Metals Limited

Enterprise Metals Limited

“to create shareholder value through discovery or acquisition of projects with potential for Tier 1 gold, base metal and iron ore deposits...”

Through:

• Using Government supplied, pre-competitive data (aeromagnetics,

radiometrics, geochemistry, mapping).

• Identifying new metalliferous Provinces (possibly undercover).
• Gaining first mover advantage by dynamic pegging of land.
• Growing successful commodity focussed subsidiary companies through

discovery or acquisition.

• Working constructively with stakeholders & using world’s best practice.

Enterprise Metals Limited

Major Shareholder: SinoTech 72.0 million shares (33.7%)

Issued Capital 213.22 million Shares Share price @ 2 August 2013 $0.07 Market Capitalisation $14.9 million Cash at bank @ 30 June 2013 $1.71 million Options 36.0 million @ 22.9 cents 7.6 million @ 14.9 cents 10.0 million @ 22.9 cents

Enterprise Metals Limited

• Dr. Jingbin Wang BSc, MSc, PhD - Chairman (Non-Executive)
• Geologist with 26 years multi-commodity, multi-national experience

Dermot Ryan BApSc (Geo), FAusIMM, CP (Geo) - Managing Director

• Geologist with 35 years multi-commodity experience

Anna Mao MBA - Director (Non-Executive)

• MBA from Richard Ivey Business School of Western Ontario University

Paul Hallam BE Mining (Hons), FAusIMM, FAICD - Director (Non-Executive)

• Mining engineer/operations director, 35 years multi-commodity experience.
• Dr. Allan Trench BSc Geo (Hons) PhD (Geophysics) MSc (Mineral Economics) MBA

(Oxon) MAusIMM, MAICD - Director (Non-Executive)

• Geophysicist/geologist, mineral economist, management consultant.

Damian Delaney:

• Company Secretary & Chief financial Officer

Dr Changshun Jia

• Vice President - Exploration

Directors & Senior Management

Enterprise Metals Limited

ASX Listed: ENU

Enterprise Metals Limited

People:

• Well skilled, trained & rewarded

people.

Commodity Focus:

• Gold
• Copper (zinc)
• Iron ore.

Targets:

• Large land holdings
• “Tier 1” resources

Technology:

• Exploit advances in understanding of

regolith, airborne geophysics & geochemistry.

EXPLORATION STRATEGY

Enterprise Metals Limited

Area Focus:

• Yilgarn Craton (Au, Cu/Zn, Ni)
• Proterozoic Basins & Orogenic
• Zones. (Cu, Ni)

Projects & Deposit Models:

• Fraser Range (Magmatic Ni/Cu)
• Doolgunna (VMS & SEDEX Cu)
• Darlot (Orogenic Au, VMS Cu/Zn)
• Wattagee (Orogenic Au, VMS Cu/Zn)
• Burracoppin (Au, PGE, Ni/Cu)

COMMODITY STRATEGY

Enterprise Metals Limited

Fraser Range Nickel / Copper

Enterprise Metals Limited

Fraser Range Nickel / Copper

Sirius Resources NL – Nova Deposit

• Magmatic nickel sulphide deposit discovered 2012
• 14.6 Mt @ 2.2% Ni, 0.9% Cu, 0.08% Co.
• 325,000 t nickel; 134,000 t copper, 11,000 t cobalt. (June 2013)
• Preliminary studies indicate Nova will be a very low cost mine
• Competent host rock with good geotech characteristics
• Ni in pentlandite, Cu in chalcopyrite, no arsenic
• Very coarse grain size – potential low energy crush/grind
• High recovery of Ni & Cu in initial flotation testwork
• Potential for separate Ni (Co) & Cu (Ag) concentrates

Enterprise Metals Limited

Fraser Range Nickel / Copper

Nova Prospect – Discovery RC Drill Traverse – Note Palaeochannel.

Enterprise Metals Limited

Fraser Range Nickel / Copper

Sirius Nova Deposit .

Enterprise Metals Limited

Fraser Range Nickel / Copper

Enterprise Metals Limited

Fraser Range Nickel / Copper

Comparison of Nova & Plato: Soil Nickel Responses

Enterprise Metals Limited

Fraser Range Nickel / Copper

Plato: Detailed Nickel Soil Anomalism over Magnetics

Enterprise Metals Limited

Fraser Range Nickel / Copper

Plato

Detailed Soil Results  Copper Anomalism over Mag Image  Cobalt Anomalism over Mag Image

Enterprise Metals Limited

Fraser Range Nickel / Copper

HEM Bedrock Conductors Nickel Soil Anomalism over Mag.

Plato

Enterprise Metals Limited

Fraser Range Nickel / Copper

Plan of Ni Soil Geochemistry & CDI Section/HEM Model with Proposed Drilling

Outline of the Nova nickel/copper sulphide mineralisation in pink (to scale) overlain on Enterprise CDI’s

Enterprise Metals Limited

Fraser Range Nickel / Copper

Sectional Geology & Mineralisation Plato CDI

Outline of the Nova nickel/copper sulphide mineralisation in pink (to scale) overlain on Enterprise CDI’s

Nova Plato

Enterprise Metals Limited

Fraser Range Nickel / Copper

McPhersons: Ni & Cu Soil Geochemistry over Magnetics

Enterprise Metals Limited

Fraser Range Nickel / Copper

McPhersons: HEM Conductors and GSWA Geology over Magnetics

Enterprise Metals Limited

Fraser Range Nickel / Copper

McPhersons: Ni Soil Geochemistry & HEM CDI Section with Proposed Drilling

Outline of the Nova nickel/copper sulphide mineralisation in pink (to scale) overlain on Enterprise CDI’s

Enterprise Metals Limited

Fraser Range Nickel / Copper

Next Steps

• Drill Plato and McPhersons
• Advance Heart and Highway targets.
• Evaluated other anomalous geochemistry and HEM responses &
• Areas of transported soil where soil sampling deemed ineffective.
• Areas of palaeodrainage.

Follow Up HeliTEM targets with:

• Ground EM
• RAB/Aircore drilling
• RC and Diamond drilling.

Enterprise Metals Limited

Doolgunna Copper

Enterprise Metals Limited

Sandfire Resources NL - Degrussa Deposit

• 10.2 Mt @ 5.7% Cu, 2.1g/t Au, 15g/t Ag (March 2013)
• 586,000 t copper; 688,000 oz gold; 5.1m oz silver
• Plan Revenue: $4.2B
• Cashflow (pre-tax): $2.4B

Doolgunna Copper

“With the discovery of these four lenses at DeGrussa, Sandfire has

embarked on an aggressive exploration program ($20-25Mpa) targeting potential repeats of the DeGrussa deposits.” (Sandfire Website 2012)

Enterprise Metals Limited

Doolgunna Copper

Sandfire Resources NL

2006-2009

• Shallow drilling for laterite

hosted gold 2009

• Discovery of supergene copper

and gold zone ~80m from surface, below leached capping.

• VMS hosted in Narracoota

Formation volcanics.

DeGrussa Deposit

“ENT believes adjacent sediments have potential for VMS & SEDEX copper”.

Enterprise Metals Limited

VMS & Sediment Hosted Deposits

Doolgunna , hghly prospective for : volcanic hosted deposits. (eg DeGrussa, Horseshoe) & sedimentary hosted deposits. (eg Thaduna, Egnima) SEDEX style deposits. Potential “Zambian” style massive sulphides in the sediments & volcanics in Doolgunna Trough , flanked by Goodin Fault & Southern Boundary Fault (SBF ~80km).

Doolgunna Copper

Enterprise Metals Limited

ENT Vu l c a n V M S P r o s p e c t i n N a r r a c o o t a F m . Vo l c a n i c s Copper (ppm) in soils Gold (ppb) in soils

Doolgunna Copper

Enterprise Metals Limited

Doolgunna Copper

Enterprise Metals Limited

Doolgunna Copper

Enterprise Metals Limited

Sediment Hosted Model

• Ore-controlling factors:
• Structural control
• NW striking faults, crosscutting
• NE-striking Goodin and SBF faults.
• Mineralisation source and fluids:
• Cu sourced from mafic volcanic,
• Fluids medium-low temperature
• Hot brine, heated by Archean granite due to

decay of radioactive elements.

• Prospecting indicators:
• Intersections of NE-striking SBF & Goodin

Faults, with major NW-striking faults,.

• W, Sn, Mo, Bi, Sb, Te enrichment on surface.
• Cu, Zn depletion at surface.

Doolgunna Copper

Enterprise Metals Limited

Doolgunna Copper

Enterprise Metals Limited

Doolgunna Copper

ENTERPRISE METALS LTD 31 MAY 2010

Body 1 Body 2

Anomaly B Airborne EM Ground EM Model

Enterprise Metals Limited

Doolgunna Copper

Ground EM - Late time channel response over VD1 Magnetics

Anomaly B

Enterprise Metals Limited

Doolgunna Copper

Anomaly A, B: Regional Gravity Bouguer Anomaly Image,

Local gravity anomaly

Enterprise Metals Limited

Doolgunna Copper

ENT Images of Mag-Lag Surface Geochemistry (CRAE-Rio Tinto 1990’s data)

Anomaly A, B

Enterprise Metals Limited

Doolgunna Copper

• Limited Historical Drilling
• Depleted Cu, Zn in regolith (<50ppm)
• Enrichment in bedrock (Cu to 620ppm、Zn to 850ppm)

Regolith Regolith Bedrock(sandstone, Bedrock(sandstone, shale, shale, etc etc)

Long Section of Historical Shallow Drilling

Cu Zn

Enterprise Metals Limited

Doolgunna Copper

Next Steps

• Detailed Gravity surveys to prioritise EM targets,
• Additional EM surveying,
• RC drill testing of prioritised targets.

Enterprise Metals Limited

The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dermot Ryan, a Fellow of the Australasian Institute of Mining & Metallurgy. Dermot Ryan is an employee of consulting company Xserv Pty Ltd and Director

• f the Company.

Dermot Ryan has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a ‘Competent Person’ as defined in the 2004 Edition of the ‘Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dermot Ryan consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Reporting of Exploration Results