IPO Capital Investment Opportunity Duke Exploration Pty Ltd - - PowerPoint PPT Presentation

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Sponsoring Broker

IPO Capital Investment Opportunity Duke Exploration Pty Ltd

DISCLAIMER AND IMPORTANT INFORMATION

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• This Presentation (“Presentation”) is for informational purposes only and is not a prospectus, disclosure document or offer document under the Corporations Act 2001

(Cth) (“Corporations Act”) or any other law. This Presentation does not constitute, and is not to be construed as, an offer to issue or sell, or a solicitation of an offer or invitation to subscribe for, buy or sell securities in Duke Exploration Pty Limited ABN 28119421868 (“Duke”, “DE” or “the Company”) as set out herein. Novus Capital Limited (AFSL No 238168) (ABN 32 006 711 995) is assisting the Company with the capital raising detailed in this document.

• The material in this Presentation has been prepared by the Company and contains summary information about the Company’s activities. The truth or accuracy of the

information in this Presentation cannot be warranted or guaranteed by the Company. The information in this Presentation is of a general background nature and does not purport to be complete or contain all the information security holders would require to evaluate their investment in the Company. It should be read in conjunction with any periodic and continuous disclosure announcements to be made available by the Company at https://duke-exploration.com.au/. Other than to the extent required by law (and only to that extent) the Company and its officers, employees and professional advisors make no representation or warranty (express or implied) as to, and assume no responsibility or liability for, the contents of this Presentation.

• This Presentation does not purport to contain all information that recipients may require to make an informed assessment of the Company or its securities.

Statements in this Presentation are made only as at the date of this Presentation unless otherwise stated and remain subject to change without notice. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information or opinions contained in this Presentation, or any omission from this Presentation. To the maximum extent permitted by law, the Company disclaims any responsibility to inform any recipient of this Presentation

• n any matter that subsequently comes to its notice which may affect the information contained in this Presentation, and undertakes no obligation to provide any

additional or updated information whether as a result of new information, future events or results or otherwise. Nothing in this Presentation shall under any circumstances create an implication that there has been no change in the affairs of theCompany since the date of the Presentation.

• This Presentation contains forward-looking statements regarding the Company and the potential of its current and future projects. Forward-looking statements can

be identified by the use of forward-looking language such as “plans”, “expects”, “budgets”, “schedules”, “forecasts”, “anticipates”, “believes”, “intention is” or variations thereof, and statements that certain actions or results “may”, “could”, “would”, “might”, “will occur” or “will be achieved”. Forward-looking statements are based on the opinions and estimates of the Company as at the date such statements are made. Forward-looking statements are subject to known and unknown risks that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking

• statements. Although the Company has attempted to identify and account for these risks, 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, the Presentation should be used as a general guide only and recipients should not place undue reliance on forward-looking statements contained in this Presentation. The Company does not undertake to update any forward-looking statements except in accordance with applicable securities laws.

• Not financial product advice or offer.
• This presentation does not constitute investment advice, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with,

any contract or investment decision. Information in this Presentation, including forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities. Before acting on any information, you should consider the appropriateness of the information having regard to these matters, any relevant offer document, your own objectives and financial situation and in particular, you should seek independent financial advice appropriate to your particular circumstances.

DUKE’S INVESTMENT OPPORTUNITY

• 100% interests in 5 tenements focused on potential “company

maker” gold, copper and cobalt opportunities within Qld & NSW. An additional tenement Prairie Crook under application

• Drill ready targets associated with historical exploitation that lacked

the understanding of modern mineralisation concepts and data to properly evaluate deposits.

• Well credentialled, experienced public company board and

management team with long history of successful exploration target identification.

• Duke on track to raise $4.5M in IPO for 3rd quarter 2018

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Sponsoring Broker

DUKE’S PORTFOLIO – BUNDARRA EPM 26499

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BUNDARRA : EPM 26499

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▪ EPM 26499 encompasses a large felsic intrusive complex flanked by conspicuous topographic ridges formed by erosion resistant metamorphosed sediments. ▪ Project hosts numerous historical gold, silver and copper workings within the intrusive complex and surrounding contact metamorphic aureole. ▪ Extensive geophysical data base acquired in the 2010’s never utilised due to corporate strategy of the acquirer and failure to lodge data with Govt. ▪ Duke recently gained access to this valuable (>$500k) VTEM data base. ▪ Geophysics implies far more continuous and extensive contact metamorphic aureole as well as the presence of several potential buried porphyritic bodies, greatly enhancing overall prospectivity. ▪ Historical drilling results reveal this contact metamorphic aureole is associated with significant copper mineralisation - intersections at Flora and Quorn (separated by 5 km) intersecting 18 m of 1.27% Cu and 48 m of 0.58% Cu, respectively.

Flight line distribution of geophysical VTEM data.

BUNDARRA : EPM 26499

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Historical drill results include 7.34 m @ 0.96% Cu, 18.29 m @ 1.27% Cu, 2.56 m @ 2.83% Cu, 5.4 m @ 0.69%Cu , & 6.24 m @ 0.50% Cu. Associated with EM anomaly, Cu-Au surface geochemical anomalies. Historical drill results includeMFP1 48 m @ .58% Cu, MFP2 44 m @ 0.46%Cu. Associated with EM anomaly, high Cu geochemistry.

BUNDARRA: EPM 26499

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Geophysics reveals much more extensive and continuous contact metamorphic aureole extending up to 2km into the abutting Back Creek sediments ringing the granitic complex. 44 and 52 m thickness of copper mineralisation intersected in this zone by drillholes at Quorn/Monarch. Several discrete resistive zones, possibly reflecting localised intrusive, buried porphyritic bodies beneath flanking Back Creek Group sediments. These have never been drill tested.

BUNDARRA: EPM 26499

Post IPO, Duke’s exploration to focus on :using geophysical coverage to understand mineralisation endowment and extension from 3 key historical exploration sites

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Delineation of mineralised brecciated slates at Quorn/Monarch area. Drill intersections include 48 m @ 0.58% Cu & 44 m @ 0.46% Cu). Delineation of mineralisation at Mt Flora – > 3 Mt of potential tonnage @2.6% Cu & 40g/t Ag based on surface mapping (Elliott, 1987). Drill intersections include 6 m @ 1.4% Cu and 38 g/t Ag; 19 m @ 1% Cu and 4.9 g/t Ag; 10 m @ 0.7% Cu. Isen – mineralised brecciated surface associated with ~4.5% Cu & 2 g/t Au.

• Mapping. Pursue brecciation along NW

trending fault zone.

PRAIRIE CREEK EPM 26582 (APPLICATION).

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Tarramba Crk Prairie Crk Mountain View Torsdale Prospect EPM 26582 Application EPM 26581 Competing Application

PRAIRIE CREEK : EPM 26582 (APPLICATION).

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Tarramba Crk Prairie Crk Mountain View Torsdale

▪ Duke has applied for 100% of EPM 26582. ▪ Tenement encompasses numerous historical occurrences of gold mineralisation associated with Grandore granitic complex and Camboon Volcanics of the Auburn Arch. ▪ Located in established mineral province, between Theodore/Carcow (2 Moz) and Mt Morgan (9 Moz). ▪ Encompasses prospective area now recognised for both low and high sulphidation styles of porphyry mineralisation. ▪ Only one competing application (EPM 26581) which has no impact on Duke’s four identified prospects; Tarramba Creek, Prairie Creek, Mountain View and Torsdale.

PRAIRIE CRK : EL 26852

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Prairie Crk

▪ Prospects identified from historical mining and/or soil and rock chip geochemical anomalies. ▪ Prairie Creek Prospect (identified by CRA in the 1990s) associated with a NE trending en- echelon elevated gold geochem anomaly, extending over 1.2 km and 200 m wide, ▪ Only the southernmost, localised, geochemical high was drilled, despite drilling returns highlighting significant gold intersections. ▪ Two subsequent drill locations by ActivEx also failed to test the other CRA geochem anomalies.

CRA Geochem survey results

PRAIRIE CREEK : EL 26852

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Southernmost geochem anomaly tested; drilling intersecting from surface 52 m @ 2.1 g/t including 10 m @ 3.2 g/t & 6m @ 6.5 g/t Au. .

PRAIRIE CREEK : EPM 26852

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. ActivEx follow-up drilling in 2008 didn’t test the localised Au anomaly highs. These remain untested.

• EPM 26582 provides significant drill ready, shallow gold

targets within the Prairie Creek Prospect.

• Similarity of geochemical anomalies suggest that

additional shallow gold mineralisation occurs along trend, and slightly offset by NW trending faults.

• Potential remains for additional fault partitioned

mineralisation.

• Competing EPM 26581 application is does not impact on

Prairie Creek Prospect.

COOMERANG : EL 8539

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COOMERANG : EL 8539

• EL 8539 lies on the Gilmore Suture Zone, 5-15 km south of the

Adelong Gold Field.

• Gilmore Suture Zone is a major geological fault trend traversing

the Lachlan Fold Belt and associated with significant gold endowment.

• Specifically associated with
• Mineral Hill (1 Moz)
• Cowal (6 Moz)
• Gidginbung/Temora (4 Moz)
• Adelong/Mt Adrah (1 Moz)
• EL 8539 contains untested drill targets, associated with historical

gold workings, identified along 12 km+ strike length within the tenement.

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Coomerang

COOMERANG : EL 8539

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Gold in rock chips (up to 3.17g/t ), historic workings on N-S shear zone. Conceptual target (combined) of 350,000 oz Au. 7 km along strike from Adelong deposit Gold in rock chips (up to 53 g/t), historic workings on N-S shear zone. Conceptual target (combined) of 350,000 oz Au. Gold in rock chips (up to 28 g/t), soils (2300 ppb), drilling 2 m @ 7.6 g/t Au, 5 m @ 2.6 g/t Au. Conceptual target of 13,000 oz Au.

COOMERANG EL 8539

• Gold mineralisation appears associated with dilationary zones

formed by intersecting NNW trending faulting relating to the Gilmore Suture, and NNE trending cross-faults.

• This structural association, as seen at Adelong, also appears

within EL 8539, with several prospects known to host historical gold workings near structural intersections.

• Duke’s exploration focus will be on identifying and prioritizing

potential dilationary zones for drill evaluation.

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CLONCURRY EPM 19253 & 25784

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CLONCURRY PROJECTS

• 2 Tenements, 100% held by Duke - EPM19253 &

25764.

• Target type – Ernest Henry, IOCG mineralisation

style, copper-gold-cobalt.

• 3D geology modelled and 2 drill ready targets

generated.

• Archer – Identified Cu-Au-Co mineralised

zones to be drilled.

• Jasper – gold zones to be extended.
• Close to Cloncurry and infrastructure.

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EPM 19253 ARCHER & JASPER PROSPECTS

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Highly ranked IOCG target. Rock and soil Cu anomaly, magnetic and IP chargeability highs. Historical drilling: 10 m @ 1.65% Cu, 0.16 g/t Au; 10 m @ 1.26% Cu, 0.19 g/t Au; 5.1 m @ 2.15% Cu, 0.2 g/t Au; 10 m @ 0.15% Co Highly ranked IOCG target. Magnetic and IP chargeability highs. Historical drilling: 10 m @ 1.44% Cu, 0.59 g/t Au.

EPM 19253: ARCHER & JASPER PROSPECTS

Archer and Jasper could host significant IOCG mineralisation. Archer

• Includes 5 m @ 2.2% copper and 10 m @ 0.15% Co.
• >500 ppm copper soil anomaly.
• Untested extents.
• Existing model targets 73kt Cu, 7kt Co and 30k oz Au (30

m x 200 m x 300 m). Jasper

• Drill results include 4 m @ 2.97 % copper and 1.25 g/t

gold

• Untested extensions.

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ARCHER PROSPECT

• 3D modelling shows multiple ore grade zones that could

represent a significant steeply dipping orebody.

• Represent immediate drill targets with associated

encouraging cobalt intersections.

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HoleID From (m) To (m) Interval (m) Co ppm CA002RC 2 2 1060 CA008D 146 147 1 1440 CA008D 149 150 1 1040 CA008D 156 157 1 1050 CA009D 304 305 1 1070 CA009D 306 307 1 1160 CA009D 316 326 10 1546 CA009D 354 355 1 2160

RED HILL : EL 8568

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RED HILL PROJECT EL 8568

• EL 8568 is 100% held by Duke and associated with porphyry style copper-gold

mineralisation, within the Lachlan Fold Belt.

• Targeting “Cadia look-alikes” ( 37 M oz Au, 7.5 Mt Cu).
• Surface results support base metal and gold mineralisation including 0.17% Cu, 11.5

g/t Au.

• Historical workings highlight potentially multiple mineralisation styles including skarn,

epithermal and VMS which may be related to buried porphyry intrusive sources.

• Magnetic images show a number of circular and sub-circular magnetic anomalies

indicative of buried intrusions, (porphyries?) and associated potential epithermal and skarn targets.

• These will be the focus for further evaluation prior to drilling.

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RED HILL PORPHYRY POTENTIAL

Magnetic image analysis reveals a number of circular and sub-circular magnetic anomalies indicative of buried intrusions.

RTP

Clustering of potential intrusions consistent with base metal endowment along major NNW trending geological boundary in EL 8568

• Duke has a 10% free carried interest (to BFS) in four NSW Cu-Au

porphyry tenements currently operated by ERM which were recently subject to a $2 mil raising.

• Drilling targets aimed at testing new concepts are potentially eligible

for state and federal exploration incentive funding contributions.

• Kenex’s geotechnical alliance with Duke will ensure access to on-

going pipeline of prospect opportunities.

• Kenex prospect identification provided the basis of initial success of

ARM and AZX for their respective ASX listings.

ADDITIONAL INVESTOR HIGHLIGHTS

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0.5 1 1.5 2 2.5 4/10/2005 4/10/2006

AZX Price

0.1 0.2 0.3 0.4 0.5 0.6 0.7

ARM Price

BOARD

27 Toko Kapea, Non-Executive Chairman

B.A.,LL.B Mr Toko Kapea is a Wellington (New Zealand) based director, commercial lawyer and consultant.Toko is a director of Tuia Group Limited and a partner in Tuia Legal. He is Chairman of Bathurst Resources Ltd (NZ’s largest mining company) and is a director of Television New Zealand (the state owned broadcaster). He has held legal roles in-house at Meridian Energy, Bank of New Zealand, St. George Bank NZ and ANZ and sits on the board of Ngāti Apa Developments Limited. Mr Kapea is also an independent committee member of the Banjima Direct Benefits Trust in Perth, Western Australia.

Eugene Iliescu Managing Director

Grad Dip. Soc Sci. Eng Surveying Eugene is an Engineer Surveyor holding a degree in Social Science with over 35 yrs experience in the resources sector. He has extensive experience across a broad industry spectrum including exploration, mine development and operations in Australia, USA, the Middle East, North Africa, Eastern Europe and the Pacific Region, iincluding Wiarrlie, Yandan and Mt Coolon gold mines in North Queensland. He was Country Manager for the feasibility and development of Ross Minings the million-ounce Gold Ridge gold mine development. He was Managing Director for Gentor Resources in Oman, for Auzex Resources in Australia, and Ronphos (Nauru Government), as well as a number of non-executive directorships.

Dr Gregor Partington Non-Executive Director

Ph.D. MAusIMM, MAIG Dr Gregor Partington is Managing Director of Kenex, and was a founding director of the Auzex Group of companies 2005 – 2012. He is currently the General Manager of Operations for ASX listed Explaurum Limited. Greg has over 35 years' experience in the exploration industry in Australia, Pacific Islands and Melanesia where he worked as the exploration manager for Northern Gold, General Manager, Exploration, for Ross Mining NL and Operations Director for Auzex Resources Limited - where he has been responsible for the discovery and feasibility studies for the development of more than 10 million ounces of gold for the three companies

Paul Frederiks Non-Executive Director & Company Secretary

B.Bus FCPA,FGIA, FCIS, FAICD Paul Frederiks has extensive experience in public company financial and secretarial management following more than 30 years’ involvement as a finance and corporate governance executive in the Australian resources sector. Paul has strong current knowledge base in listed public company reporting and compliance

Dr Bertus de Graaf, Non Executive Director

B.Sc. (Hon), Ph.D. (Univ Bristol, UK), FAusIMM, MGSA Dr de Graaf gained extensive international experience as exploration manager in various countries whilst working for the Metals Division of royal Dutch Shell (later Billiton) for 14 years. He was founding director of a number of successful ASX listed companies, including Managing Director and CEO of Ross Mining NL, from its incorporation until 2000. During his tenure the Company developed four new gold mines and became an ASX 200 company

MANAGEMENT & ADVISORY TEAM

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Michelle Stokes, B.Sc. (Geology) Technical Advisor Michelle Stokes has over 30 years work experience across mining, exploration, consulting, and the public sector. She was responsible for the development of successful mining projects in Western Australia as well as the Northern Gold portfolio in the Northern Territory. A consultant to the New Zealand Government, she managed its National Mining Index system and assisted in the implementation of the digital permit system. Michelle is a director and founding partner of Kenex.

• Mr. Campbell McKenzie, (B.Sc

(Hons) Geology) Operations Manager Campbell McKenzie is a Wellington based consultant and director with over 20 years’ experience in the minerals sector in both technical and management roles in private and public companies and government. His most recent role was a seven-year period as Chief Executive Officer for Kenex, with a key element of his role being the uptake of GIS modelling and spatial analysis for business management by a range of clients in the minerals, renewable energy, infrastructure and environment sectors. He has worked closely with Dr Greg Partington to identify and secure the portfolio of projects for Duke. Campbell is currently a director of Kenex, a senior adviser to TSX listed Chatham Rock Phosphate (TSX-V: NZP) And is business development manager of RSC Mining and Exploration Limited with business development and is a director

• f services company Marine Minerals Group.

The Kenex Team Strategic Alliance Kenex Limited is a geological consulting & business development services company based in New Zealand, that utilises their specialised intellectual property to identify opportunities for business development. Duke has a strategic alliance agreement with Kenex. The projects within its portfolio were identified and acquired on the basis of Kenex’s prospectivity analysis and targeting work-flows, and Duke will continue to have access to these tools and expertise on a priority basis. Kenex is a world leader in this type of work and the strategic alliance will take advantage of this expertise, experience and credibility to ensure the exploration effort is targeted, focussed and collects new data which will add value to the projects and ensure that exploration funds are spent in the most efficient and effective manner.

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Key Cornerstone Investors

• Westrade - Perth based investor
• Tuia Group - commercial consulting, law firm
• Wellington, NZ investors (Wellypreneurs)
• M. Stokes – Dr G. Partington (Kenex founders)

SHARESTRUCTURE PRE IPO

Placement Offer : ▪ Shares rank equally; ▪ Intention is to undertake IPO @ 20cps Q3, 2018; ▪ Applications via Information Memorandum. No of Share Holdings pre IPO % Share Holding Pre IPO Vendors 6,438,997 29.7% Seed Investors 15,143,333 70.3% Total 21,582330 100%

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INDICATIVE CAPITAL STRUCTURE: POST IPO

Existing Share Holdings % Existing Share Holdings Vendors 6,438,997 14.52% Other&T1 +T2 seed 15,143,333 34.44% IPO assuming $4.5M @$0.20 22,500,000 51.04% Total 44,082,330 100% EV at IPO $4.5 M

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FURTHER INFORMATION

FOR FURTHER INFORMATION REFER TO OUR INFORMATION MEMORANDUM AND/OR CONTACT Eugene Iliescu, Managing Director md@duke-exploration.com.au Aust (+61) 0418757364

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Toko Kapea, Chairman t.kapea@duke-exploration.com.au NZ (+64 4 9798270)

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Dr Ray Shaw Consultant, Novus Capital Limited Aust (+61) 0419403533

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visit Duke’s website www.duke-exploration.com.au