Investor Presentaiton
I
Compelling valuation
versus peers
West Desert has scale and grade
ASX:EM2
EAGLE MOUNTAIN MINING
TSXV:OM
OSISKO
METALS
TSXV:FOM
FORAN
MINING CORPORATION
ASX:ADT
ASX:AW1
Adriatic Metals
American West
Metals Limited
-$581m
-$30m
Market Cap (A$m)
Project
Resource
~$67m
Oracle Ridge (100%)
12.2Mt @ 1.51% Cu, 19g/t Ag,
0.2g/t Au
(Indicated 6.6Mt @ 1.52% Cu,
16g/t Ag, 0.19g/t Au, Inferred
5.6Mt @ 1.5% Cu, 17g/t Ag,
0.18g/t Au)
Classification
JORC
Development Stage
Development
Location
Arizona, USA
Detail
Source
Skarn-hosted copper in Arizona
Resource extension drilling
underway
EM2 - Nov 2021
~$83m
Pine Point (100%)
63Mt @ 4.37% Zn, 1.64% Pb
(Indicated 15.8Mt 4.17% Zn,
1.53% Pb, Inferred 47.2Mt
4.43% Zn, 1.68% Pb)
NI 43-101
PEA
NWT, Canada
MVT style Zn-Pb deposit near
Hay River
Projected capital of C$653M,
NPV C$602M, IRR 25%
Pine Point PEA Update Jul 2022
-$629m
Mcllvenna Lake (100%)
44.1 Mt @ 2.2% Zn, 1.17% Cu,
0.14% Pb, 0.39g/t Au, 14.56g/t Ag
(Indicated 39.06Mt @ 1.2% Cu,
2.16% Zn, 0.14% Pb, 14.39g/t Ag &
0.41g/t Au, Inferred 5.04Mt @
0.94% Cu, 2.56% Zn, 0.17% Pb,
15.85g/t Ag & 0.17g/t Au)
NI 43-101
PFS
Saskatchewan, Canada
VMS deposit in Flin Flon
Projected Capital of C$368M
>18 year mine life
-
Foran Aug 2022
Rupice (100%)
12Mt @ 4.1% Zn, 0.5% Cu,
2.6% Pb, 149g/t Ag & 1.4g/t Au
(Indicated 9.5Mt @ 4.9% Zn,
0.5% Cu, 3.1% Pb, 176g/t Ag,
1.6g/t Au, Inferred 2.5Mt @
0.9% Zn, 0.2% Cu, 0.7% Pb,
49g/t Ag, 0.3gt Au)
JORC
DFS
Bosnia & Herzegovina
Hydrothermal mineral system
with polymetallic deposit
DFS Study completed
ADT Oct 2021
West Desert (100%)
16.5Mt @ 6.3% Zn, 0.3% Cu &
33g/t In
(Indicated 4.1 Mt @ 6.3% Zn,
0.3% Cu Ag, 33g/t In, Inferred
12.4Mt @ 6.31% Zn, 0.3% Cu,
30g/t In)
NI 43-101
PEA
Utah, USA
Porphyry related skarn and CRD
Global resource of 59Mt
West Desert PEA 2014
Market Capitalisation for peers based on closing share price on 22 Sep 2022. Source ASX/TSX.
METALS FOR THE CLEAN ENERGY FUTURE
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