SOUTHERN GREENLAND March 2017 Update PDAC Convention, Toronto 1 - - PowerPoint PPT Presentation

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SOUTHERN GREENLAND March 2017 Update PDAC Convention, Toronto 1 - - PowerPoint PPT Presentation

REJUVENATING THE FORMER GRAPHITE MINE AT AMITSOQ SOUTHERN GREENLAND March 2017 Update PDAC Convention, Toronto 1 Disclaimer This presentation is being made on behalf of Alba Mineral Resources Plc (the Company) . This presentation has not


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REJUVENATING THE FORMER GRAPHITE MINE AT AMITSOQ SOUTHERN GREENLAND

March 2017 Update PDAC Convention, Toronto

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Disclaimer

This presentation is being made on behalf of Alba Mineral Resources Plc (the “Company”). This presentation has not been approved for issue as a financial promotion for the purposes of section 21 of the Financial Services and Markets Act (2000) (“FSMA”). This presentation, and the information contained herein, is not for viewing, release, distribution or publication into or in the United States or any other jurisdiction where applicable laws prohibit its release, distribution or publication. This presentation is being issued by the Company for information purposes only. The content of this presentation has not been approved by an authorised person for the purposes of Section 21(2)(b) of the Financial Services and Markets Act 2000. Reliance on this presentation for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. This presentation is not an admission document or an advertisement and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or any solicitation of any offer to purchase or subscribe for any shares in the Company (“Shares”) in the United States, Canada or any other jurisdiction. Neither the presentation, nor any part of it, nor anything contained or referred to in it, nor the fact of its distribution, should form the basis of or be relied on in any connection with or act as an inducement in relation to a decision to purchase or subscribe for or enter into any contract or make any other commitment whatsoever in relation to any such securities. Details included in this presentation are subject to updating, revision, verification and amendment, and refer to events as having occurred which have not occurred at the date of this presentation, but which are expected to happen in the future. This presentation does not constitute a recommendation regarding the securities of the Company. No reliance may be placed for any purpose whatsoever on the information contained in this presentation or on its completeness. No representation or warranty, express or implied, is given by the Company or its advisors or their representative directors, officers, employees, agents or advisors as to the accuracy, fairness, sufficiency or completeness of the information, opinions or beliefs contained in this presentation and, save in the case of fraud, no responsibility or liability is accepted by any of them for the loss, cost or damage suffered or incurred as a result of the reliance on such information, opinions or beliefs. In particular, no representation or warranty is given as to the achievement of reasonableness of, and no reliance should be placed on, any projections, targets, estimates or forecasts and nothing in this presentation is or should be relied on as a promise or representation as to the future. To the maximum extent permitted by applicable laws, the Company makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no liability for (1) the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement

  • r opinion contained in this presentation and (2) without prejudice to the generality of the foregoing, the achievement or accuracy of any forecasts, projections or other forward looking information

contained or referred to in this presentation. The promotion of the Shares and the distribution of this Presentation in the United Kingdom are restricted by law. Accordingly, this Presentation is directed only at (i) persons outside the United Kingdom to whom it is lawful to communicate it, or (ii) persons having professional experience in matters relating to investments who fall within the definition "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), or (iii) high net worth companies, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2) of the Order and any other persons who fall within other applicable exemptions under the Order (together, “Relevant Persons”). Any investment or investment activity to which this Presentation relates is available only to, and will be engaged in only with, Relevant Persons. This Presentation must not be acted on or relied on by persons who are not Relevant Persons. You represent and agree that you are a Relevant Person. Any recipient of this information memorandum in jurisdictions outside the UK should inform themselves about and observe any applicable legal requirements. This information memorandum does not constitute an offer to sell or an invitation to purchase securities in the Company in any jurisdiction. This presentation is confidential. This presentation may not be copied, reproduced, shown, distributed or issued to any other person at any time without the prior written consent of the Company, nor may the information contained herein be discussed with any other person without the prior written consent of the Company. By receiving and/or attending this presentation, you agree to be bound by the restrictions in this disclaimer. If you are in any doubt about the contents of this presentation, you should consult a person authorised under FSMA who specialises in advising on the acquisition of shares and other securities. Qualified Person’s Statement The information contained in this presentation has been reviewed and approved by Mike Nott, Chief Executive Officer of Alba Mineral Resources Plc. Mike Nott (BSc, MSc, DIC, FIMMM, FMES, FIQ, CEng) is a geologist and mining engineer by profession and has 40 years’ experience in the oil and gas, mining, minerals and quarrying industries.

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Alba Minerals Overview

Exchange: AIM (LSE) Symbol: ALBA Date of Listing: 4 April 2005 Current Price (mid-point): 0.3p (02/03/2017) Market Capitalisation: GBP5.7m (02/03/2017) Management: George Frangeskides (Executive Chairman) Michael Nott (CEO) Manuel Lamboley (Non-Executive Director) Sandy Archibald (Technical Adviser) Mining Projects: Amitsoq (Greenland) - Graphite, Ni-PGMs, Gold Limerick (Ireland) – Base Metals Mauritania - Uranium

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  • Amitsoq Project located in far southern

Greenland, same latitude as Lerwick in Shetland Islands (northern Scotland)

  • Southern Greenland served by excellent

modern infrastructure (harbours, heliports, airports and hydropower plants)

  • Southern coastline of Greenland boasts year

round ice-free tidal waters

  • Relatively mild (sub-Arctic) climate
  • Average temperatures approx. 8-10 °C

(summer) and approx. -6 °C (winter)

  • Licence 2013/06 encompasses the whole of

Amitsoq island and the mainland to the east

  • f Nanortalik
  • Former Amitsoq mine located 15 km north of

Nanortalik town and heliport

Location of Amitsoq Project, Southern Greenland (Red Square)

Location

Location

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Introduction to Amitsoq

  • Exploration Licence 2013/06 covering 146 km²
  • Site of former Amitsoq graphite mine
  • Prospective for graphite, PGEs, nickel and gold
  • Alba

– Started earning into project in October 2015 – Now owns a 90 per cent interest in licence holder, Obsidian Mining, with right to go to 100 per cent

  • Work undertaken to date includes

– Remote sensing study – Airborne EM-Mag survey – Channel sampling – Metallurgical test work (ongoing)

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  • Total tonnes mined at Amitsoq

reportedly between 4,785- 5,726 t at 21% (1914-1922)

  • Between 1918 and 1922, 571 t
  • f concentrate shipped

(Bondam, 1992)

  • Historic estimates of resources

vary greatly

  • No further mining activity took

place on Amitsoq after 1922

Historic Mine

Bernard, 1915

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Henriksen et al., 2009 Kolb et al., 2009 (modified after Garde, 2007)

Geological Overview

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  • Exploration Licence 2013/06
  • Covers 146 km²
  • Licence holder Obsidian Mining

Limited

  • Alba –90 per cent interest through

shareholding in Obsidian

  • Licence is underlain by

Paleoproterozoic metasedimentary and meta-igneous rocks of the Southern Domain (forearc sediments)

  • Deformed during the Ketilidian

Orogeny (ca. 1.8 Ga)

Geological Overview

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  • Geochemistry performed by BGS on

underground Amitsoq mine samples

  • FeO remote sensing study over entire licence
  • Channel sampling of surface outcrop at

Amitsoq mine

  • Airborne magnetic and EM geophysical survey
  • Metallurgical study of channel sample material

Highlights

Summary of Work Completed

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Highlights

Geochemical Study

  • Mineralogy: graphite, quartz, feldspar,

mica, sulphides (pyrite, pyrrhotite),

  • xides (magnetite, hematite)
  • Graphitic carbon content varied from

20.5 to 35.4%, with an average of 28.7%

  • Preliminary geochemistry (from a

limited dataset) suggests that grab and channel samples from historic workings at Amitsoq are high grade in comparison to worldwide graphite resources

www.techmetalsresearch.com (2015)

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FeO Remote Sensing Study

  • Remote sensing study (Q1 2016) found

numerous and continuous FeO anomalies along strike and proximal to the mine

  • Additional FeO anomalies interpreted to

be favourable targets for platinum group metals, orogenic lode gold, and intrusion related copper-zinc mineralization

  • Anomalies identified with geology similar

to mineralization at the nearby Nalunaq gold mine (circa 340,000 ounces of gold produced to date), 5 km along strike from previous documented gold showings and 18 km to the southwest of the Nalunaq mine

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  • Channel sampling by SRK (August 2016)

took 159 kg of graphite ore sampled from a surface bed that had previously been exploited

  • Bed was measured to have a true thickness
  • f 16.58 m and 13 channel samples were

taken

  • Observed strike length of 48.5 m
  • Mineralogically the bed was composed of

graphite with pyrite, chalcopyrite and pyrrhotite present

  • Metallurgical test work on this material

currently underway and will be reported

  • n in due course

Channel Sampling

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Channel Sampling

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EM-Mag Survey

  • SkyTEM Systems ApS commissioned to fly

airborne geophysical survey in Q3/Q4 2016

  • ver selected zones
  • Survey comprised of four blocks containing a

total of 343 km of planned flight lines

  • Main part of the survey on Amitsoq Island

flown at 200 m planned line spacing and 30 m ground clearance

  • High-definition target - former Amitsoq

graphite mine, Amitsoq Dyke, and two small gold targets east of Nanortalik flown at 100 m line spacing

Helicopter conducting survey (Oct 2016)

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EM-Mag Survey

  • Preliminary results indicate several new

faults and numerous (55) EM anomalies associated with potential graphite horizons

  • Total combined strike length of the

anomalies is 12.05 km

  • 11 anomalies are between 350 metres

and 1300 metres each in length, for a total strike length of 5.55 km

Location of airborne survey grids (Oct 2016)

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EM-Mag Survey

  • Five principal target areas

identified for 2017 ground campaign

  • Two shallow, moderate intensity

EM anomalies associated with a large ultramafic dyke (Amitsoq Dyke) known to contain magmatic sulphides of up to 0.4 g/t platinum, 0.6 g/t palladium, 0.2 g/t gold and 7 g/t silver (GEUS, 1971)

  • Additional inversion work (Maxwell

plate models) currently being performed on the data

Principal target areas identified from EM survey

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2017 Work Programme

  • Work programme being finalised
  • Likely to include some/all of:

– Completion of metallurgical testing of channel samples – Optimization test work – Ground truthing of graphite bearing horizons, and potential PGE and gold areas – Drilling to investigate extent of graphite horizons and for additional metallurgical samples – Initial environmental review and development study

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Contact Us

Sandy Archibald, Technical Adviser Tel: +1 289-316-0583 Email: sarchibald@albamineralresources.com Alba Mineral Resources plc 6th Floor, 60 Gracechurch St, London EC3V 0HR, UK Tel: +44 (0)207 264 4366 Email: info@albamineralresources.com Twitter: @AlbaMinerals Web: www.albamineralresources.com

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Upper graphite horizon, Amitsoq mine