Rebecca Holland Kennedy Rebecca Holland Kennedy
Managing Director Todd Williams Musgrave Project Geologist
SAREIC 2015 SAREIC 2015 Australian Projects Nth Queensland (U) ( - - PowerPoint PPT Presentation
Rebecca Holland Kennedy Rebecca Holland Kennedy Managing Director Todd Williams Musgrave Project Geologist SAREIC 2015 SAREIC 2015 Australian Projects Nth Queensland (U) ( ) Musgrave (Cu-Ni-PGE) Robinson Range (Fe) 23 tenements,
Managing Director Todd Williams Musgrave Project Geologist
Nth Queensland (U) ( ) Musgrave (Cu-Ni-PGE) Robinson Range (Fe)
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Santa Ines/Chivinar (Au-Ag-Cu)
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ASX Code PNN Shares on Issue 170,047,389 Options on Issue 41,158,105 Shareholders 1,604 Share price A$0.02 Cash A$1.5m Top 20 Shareholders 66.6% of capital Revenue (drilling and field operations) - FY14 A$0.81m Exploration expenditure - FY14 A$1.55m
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Central Musgrave
– Evidence of Ni-Cu, PGE mineralisation mineralisation – Multiple early-stage exploration targets
Musgrave
– Spinifex Range - Phosphate Australia – $150k commitment for two th $500k f 80% years, then $500k for 80% equity
– Metals X Metals X – Cassini Resources
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(possible Ni-Cu host rocks)
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g p g p y, g gy and geochemistry
shallow (5-20 metres) cover O i t ith t diti l
groups
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(detection of conductive bodies)
regional airborne EM planned
Rapid and cost effective delineation of possible Ni-Cu bodies beneath shallow cover
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M lti l Ni C t t
identified from recent high-resolution magnetics
prospective for Platinum Group Elements (PGEs)
by historical drilling at Manchego
EM planned for high- priority areas priority areas Same geological formation that hosts Cassini Resources Ltd Nebo-Babel and Succoth Projects
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j
prospective for PGEs
1.3 Pt 0 7Pd 1.4 Pt 0.4Pd 0.9 Pt 0.3Pd 0.7 Pt 0.2Pd
Cu in historical samples Mineralisation is uniquely
0.7Pd
enriched in more valuable Pt
(5 to 15 m) of sands
p mapped for 15km in recent high-resolution magnetics Limited previous exploration high priority targets untested by historical drilling
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Limited previous exploration – high priority targets untested by historical drilling
meeting held during March
cleared for initial low- impact ground EM and vacuum drilling
underway underway
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PGE)
for 2015 for 2015
PNN - an opportunity for investors to gain early-stage exposure to a portfolio of highly promising exploration assets
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made to provide accurate information, but we do not warrant or represent its accuracy and we reserve the right to make changes to it at any time without notice.
any investment decisions any investment decisions.
since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.
Clifford BSc MAusIMM. Mr Clifford is the Technical Director of PepinNini Minerals Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined in the 2012 edition of the
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style of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Clifford consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.