For personal use only ACN: 123 567 073 Exploration Update p p Presentation to Investors 1 JUNE 2010
For personal use only
For personal use only “Substantially Increase Shareholder Value Substantially Increase Shareholder Value….. ” By “di “discovery and/or acquisition under safe title d/ i i i d f i l of large & highly profitable Deposits of iron ore, gold, base metals & uranium…..” ld b l & i ” within “the Archaean Yilgarn Craton and surrounding Proterozoic Basins & Orogenic Zones” ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only Issued Capital: Issued Capital: 111.97 M shares 111 97 M shares Options: 15.28 M @ 25 cents (20/06/12) 3 00 M @ 25 cents (22/11/12) 3.00 M @ 25 cents (22/11/12) 2.50 M @ 50 cents (30/06/13) Share price: Share price: $0 175 $0.175 (close 31 May 2010) Market Capitalisation: $19.6 million Cash at bank: $2.94 million @ 31 March 2010 ENTERPRISE METALS LTD 1 JUNE 2010
CORPORATE STRUCTURE CORPORATE STRUCTURE For personal use only ENTERPRISE METALS LTD ENTERPRISE METALS LTD Enterprise Iron Enterprise Enterprise P/L Uranium P/L Gold P/L Murchison Amiable GlintanP/L Exploration Holdings P/L P/L / Enterprise Exploration P/L P/L
STRONG MANAGEMENT TEAM STRONG MANAGEMENT TEAM STRONG MANAGEMENT TEAM STRONG MANAGEMENT TEAM For personal use only Paul Larsen ‐ Non Executive Chairman � Successful private company director � 26 years experience in construction, management & major projects Dermot Ryan ‐ Managing Director FAusIMM, CP (Geo) ermot Ryan Managing irector us , C (Geo) � Geologist with 33 years multi ‐ commodity experience � 20 years CRA Ltd inc. iron ore, diamonds, gold, base metals 5 years Great Central Mines/NDY ‐ Yandal, 8 years consulting � Bruce Hawley ‐ Executive Director FAusIMM, CP (Management) � Chemical engineer with 36 years experience in mining projects Specialist project management, development & construction phases � Jay Stephenson – Company Secretary FCPA, MBA, FCIS, � Certified Management Accountant (CMA) & Member of the Australian Institute of Company Directors (MAICD) � Also performs role of Chief Financial Officer for the Company Al f l f Chi f Fi i l Offi f h C
EXPLORATION EXPERTISE EXPLORATION EXPERTISE EXPLORATION EXPERTISE EXPLORATION EXPERTISE For personal use only “experienced contractors…..” GEOPHYSICS GEOLOGY � Bill Robertson � Bill Robertson � Dermot Ryan � Dermot Ryan � Hugh Bunge GEOCHEMISTRY � Vic Williams � Vic Williams � Oliver Robertson � Oliver Robertson � Frank Doedens GIS/DATABASE � Bryan Rae � Bryan Rae � Peter Litic P Li i � Alex Parker � Brett Scott
For personal use only Iron Ore Uranium � Cunderdin � Yalgoo � Burgess � Byro � Sylvania y � Darlot � Booylgoo � Eucla � Earaheedy Base Metals Gold � Doolgunna � Doolgunna � Wattagee � Wattagee � Yandal � Eucla (Cu/Au?) � Darlot � Wattagee (Cu/Zn) ENTERPRISE METALS LTD 1 JUNE2010
For personal use only Strategy Strategy � Acquire and drill test high quality empirical or conceptual targets in areas of excellent infrastructure, p g with focus on Direct Shipping Ore (“DSO”) 2010 Action Plan l � Drill test Cunderdin magnetic targets (Archaean) � Drill test Burgess magnetic targets (Archaean) � Drill test Burgess magnetic targets (Archaean) � Mapping at Booylgoo (Archaean) � Gravity survey and drilling at Earaheedy (Proterozoic) y y g y ( ) � Plan drilling at Sylvania (Proterozoic)
For personal use only Deposit Type Mt Fe% Operator Shay Gap ‐ Sunrise Mined + Resource 217 62.7 BHPB Wil Wiluna West W t Resource R 126 126 59 0 59.0 Golden West G ld W t Koolyanobbing Resource 53 63.5 Cliffs Mt Webber Resource 40 57.3 Giralia Carina Resource 26 58.9 Polaris Mt Gibson (Ext Hill) Resource 23 59.8 Mt Gibson Mt Caudan Resource 23 55.4 Cazaly Tallering Peak Mined + Resource 20 61.8 Mt Gibson Karara Resource 11 61.7 Gindalbie ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only (100%) No outcrop, deeply weathered � terrain, wheat paddocks, private land, no Native Title. Detailed 200m line spaced mag p g � survey completed. 100km of linear magnetic anomalism defined, potentially quartz ‐ magnetite (Bif). Magnetic lows may represent deep � weathering and hematite. Access for drilling being negotiated A f d illi b i i d � with private landowners and Shire. RC drilling program planned to � commence July 2010. ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only (100%) 1 st Vertical derivative magnetic image Blue: total magnetic intensity Red: gravity profile ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only (part under Option, part 100%) Little outcrop, deeply weathered � terrain, but historical RAB holes intersected Bif and hematite. Only 400m line spaced y p � aeromagnetic survey available. 10’s km of linear magnetic � anomalism defined associated with anomalism defined, associated with subcropping and mapped Bif. Magnetic lows may represent deep � weathering and hematite. h d h RC drilling program planned to � commence July 2010. ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only (100%) Historical mapping shows Bif. � Only 400m line spaced � aeromagnetic survey available. 20km of mapped Bif, but non ‐ � outcrop areas need drill testing for hematite/goethite DSO hematite/goethite DSO. Awaiting grant of tenement. � ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only (100%) Target: Channel Iron Deposit (“CID”) in Proterozoic sediments � Proterozoic Bif’s in Nabberu Basin � “Magnetic channels” - aeromagnetics suggest CID’s present g g gg p � Tenement still in application. ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only (100%) Geology Magnetics Target: Proterozoic sediments - hematite iron deposit, “Hamersley style” � Drilling in adjacent tenement by Rio in Brockman Iron Formation ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only (100%) Massive hematite outcrop, south of Wyloo Group sediments ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only Strategy Strategy � Explore below known extensive oxide gold zones for high grade primary ore g g p y 2010 Action Plan � � Continue to drill test Wattagee d ll � Drill test Yandal Homestead � RAB and RC drilling at Darlot � RAB and RC drilling at Darlot ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only (100%) Geology Stockyard Creek Prospect Stockyard Creek Prospect Targets: Archaean orogenic Au deposit & VMS Cu/Zn deposits � Covers prospective Archaean greenstone & felsic volcanics � “Big Bell” style conceptual targets for gold along Cuddingwarra Shear � Historical RC results of 4m @ 17.9g/t Au and recent RC results of 8m @ 5.8g/t Au at Stockyard East. � RC Drilling to recommence early June 2010
For personal use only (100% *) Gold and Base Metal targets Historic Gold drilling results on magnetics � Excellent gold/base metal targets based on previous RAB drilling & structural interpretation * one tenement 80% owned � Favourable stratigraphy, under-drilled ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only Popes Patch gold target Popes Patch cross section � � Hi t Historical drilling with limited follow up i l d illi ith li it d f ll � 1,500m x 1,500m gold system � Excellent gold targets based on structure/ RAB � IP survey required ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only Strategy Strategy � Explore favourable stratigraphy for extensive Cu/Pb/Zn or Cu/Au zones 2010 Action Plan � � Drill test Wattagee VMS target ll � Drill test Eucla “IOCG” magnetic/gravity targets � Follow up soil/VTEM targets at Doolgunna � Follow up soil/VTEM targets at Doolgunna � Soil sampling at Fraser Range ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only (100%) Magnetics and Prospects AM 14 Base metal prospect Historical RC results encouraging eg. 3m @ 7.5% Zn, ENTERPRISE METALS LTD 1 JUNE 2010
Cu/Au? Ni/Cu? Ni/Cu? For personal use only (100%) Fe? Large, discrete & intense airborne g , � magnetic targets identified in DMP regional airborne survey data, 100 km ESE of Fraser Range at Balladonia Targets along major NE ‐ SW corridor on � margin of Eucla Basin Potential for major iron oxide or iron Potential for major iron oxide or iron � sulphide (pyrrhotite) accumulations (Iron oxide ‐ copper gold “IOCG” or ultramafic Ni/Cu ‐ PGE potential?) Detailed airborne magnetic survey and � gravity surveys completed Drilling to commence July 2010 � ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only Magnetics 1VD Magnetics 1VD Gravity Profiles Gravity Profiles ENTERPRISE METALS LTD 1 JUNE 2010
For personal use only � Focus in 2009 was VTEM and drilling on granted tenements in Yerrida Basin sediments. � Focus in 2010 will be on Narracoota Volcanics in Bryah Basin, when tenements are granted.
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