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 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 Major Shareholder: SinoTech 72.0 million shares (33.7%)
Enterprise Directors & Senior Management 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
Enterprise Metals Limited ASX Listed: ENU
Enterprise EXPLORATION STRATEGY Metals Limited P eople: Well skilled, trained & rewarded people. C ommodity Focus: Gold Copper (zinc) Iron ore. T argets: Large land holdings “Tier 1” resources T echnology: Exploit advances in understanding of regolith, airborne geophysics & geochemistry .
Enterprise COMMODITY STRATEGY Metals Limited A rea 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)
Enterprise Fraser Range Nickel / Copper Metals Limited
Enterprise Fraser Range Nickel / Copper Metals Limited 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 Fraser Range Nickel / Copper Metals Limited Nova Prospect – Discovery RC Drill Traverse – Note Palaeochannel .
Enterprise Fraser Range Nickel / Copper Metals Limited Sirius Nova Deposit .
Enterprise Fraser Range Nickel / Copper Metals Limited
Enterprise Fraser Range Nickel / Copper Metals Limited Comparison of Nova & Plato: Soil Nickel Responses
Enterprise Fraser Range Nickel / Copper Metals Limited Plato: Detailed Nickel Soil Anomalism over Magnetics
Enterprise Fraser Range Nickel / Copper Metals Limited Plato Detailed Soil Results Copper Anomalism over Mag Image Cobalt Anomalism over Mag Image
Enterprise Fraser Range Nickel / Copper Metals Limited Plato HEM Bedrock Conductors Nickel Soil Anomalism over Mag.
Enterprise Fraser Range Nickel / Copper Metals Limited Outline of the Nova nickel/copper sulphide mineralisation in pink (to scale) overlain on Enterprise CDI’s Plan of Ni Soil Geochemistry & CDI Section/HEM Model with Proposed Drilling
Enterprise Fraser Range Nickel / Copper Metals Limited Nova Plato Outline of the Nova nickel/copper sulphide mineralisation in pink (to scale) overlain on Enterprise CDI’s Sectional Geology & Mineralisation Plato CDI
Enterprise Fraser Range Nickel / Copper Metals Limited McPhersons: Ni & Cu Soil Geochemistry over Magnetics
Enterprise Fraser Range Nickel / Copper Metals Limited McPhersons: HEM Conductors and GSWA Geology over Magnetics
Enterprise Fraser Range Nickel / Copper Metals Limited Outline of the Nova nickel/copper sulphide mineralisation in pink (to scale) overlain on Enterprise CDI’s McPhersons: Ni Soil Geochemistry & HEM CDI Section with Proposed Drilling
Enterprise Fraser Range Nickel / Copper Metals Limited 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 Doolgunna Copper Metals Limited
Enterprise Doolgunna Copper 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 “ 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 Doolgunna Copper Metals Limited Sandfire Resources NL DeGrussa Deposit 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. “ENT believes adjacent sediments have potential for VMS & SEDEX copper”.
Enterprise Doolgunna Copper 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).
Enterprise Doolgunna Copper 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
Enterprise Doolgunna Copper Metals Limited
Enterprise Doolgunna Copper Metals Limited
Enterprise Doolgunna Copper 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.
Enterprise Doolgunna Copper Metals Limited
Enterprise Doolgunna Copper Metals Limited Anomaly B Airborne EM Ground EM Body 1 Model Body 2 ENTERPRISE METALS LTD 31 MAY 2010
Enterprise Doolgunna Copper Metals Limited Anomaly B Ground EM - Late time channel response over VD1 Magnetics
Enterprise Doolgunna Copper Metals Limited Local gravity anomaly Anomaly A, B: Regional Gravity Bouguer Anomaly Image,
Enterprise Doolgunna Copper Metals Limited Anomaly A, B ENT Images of Mag-Lag Surface Geochemistry (CRAE- Rio Tinto 1990’s data)
Enterprise Doolgunna Copper Metals Limited • Limited Historical Drilling • Depleted Cu, Zn in regolith (<50ppm) • Enrichment in bedrock (Cu to 620ppm 、 Zn to 850ppm) Zn Cu Regolith Regolith etc) Bedrock(sandstone, Bedrock(sandstone, shale, shale, etc Long Section of Historical Shallow Drilling
Enterprise Doolgunna Copper Metals Limited Next Steps Detailed Gravity surveys to prioritise EM targets, Additional EM surveying, RC drill testing of prioritised targets.
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