Tartana Resources Limited. Company Update 26 February 2018

Transcription

1 Tartana Resources Limited Company Update 26 February 2018

2 Disclaimer This presentation was created for discussion purposes only. Materials and data discussed in this presentation may constitute forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events revenues or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words believe, expect, anticipate, intends, estimate, forecast, predict, could, plan, project, will, may, should and similar expressions identify forward-looking statements. Forward-looking statements include statements regarding: strategies, outlook and growth prospects; future plans and potential for future growth; liquidity, capital resources and capital expenditures, financing needs, plans or intentions relating to acquisitions, our competitive strengths and weaknesses, growth in demand for our products; economic outlook and industry trends; developments of our markets; legal trends and the impact of regulatory initiatives; and the strength of our competitors. The forward-looking statements in this presentation are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control and we may not achieve or accomplish these expectations, beliefs or projections. In addition, important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the achievement of the anticipated levels of revenues, profitability and growth, costs, the impact of competition and competitive pricing, the ability to obtain necessary regulatory approvals and the ability to fund our future operations and capital needs through borrowing or otherwise, the ability to successfully implement any of our business strategies, the ability to integrate our business and to realize anticipated cost savings and operational benefits from such integration, our expectations about growth in demand for our products, the effects of inflation, interest rate and exchange rate fluctuations, and our success in identifying other risk to our business and managing the risk of the aforementioned factors, the condition of the economy and political stability in the jurisdictions in which we operate and the other markets of operations and the impact of general business and global economic conditions. Neither we, nor any of our respective agents, employees or advisors intend or have any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained in this presentation. The information and opinions contained in this presentation are provided as at the date of this presentation and are subject to change without notice.

3 Where are we? On the road to a listing! And our key achievements to-date are: 1. Securing an attractive portfolio of assets 2. Raising seed capital to finance acquisitions and IPO 3. Recruitment of an experienced Board/management team 4. Sponsorship by mid tier broker for a $5 - $6m raising.

4 1. Securing an attractive portfolio of assets Tartana Resources has agreements to acquire two key projects and is reviewing a third project. The two projects which can carry the listing are: i. Tartana Copper/Zinc Project in north Queensland ii. Zeehan Zinc Smelter Slag Project in western Tasmania

5 Tartana Copper/Zinc Project North Queensland A prestige location with a blue-ribbon neighbour!

6 Flagship project. 4 Mining leases located approximately 40 northwest of Chillagoe, Northern Queensland

7 Tartana Copper/Zinc Project Existing heap leach and SX plant used for copper sulphate production Mining to-date ( ; % Cu) has focused on mining shallow copper oxides at surface, heap leachingthe ore andrecovering copper sulphateas a marketable product. Geological attributes of high-level porphyry copper/gold system lying within the Palmerville Fault zone Historic aerial view Current view of leach pads with plant and accommodation camp in the background

8 Plant and Equipment The plant is designed to produce high grade copper sulphate which sells at a premium to the LME copper price (in comparison to copper in concentrate). The plant was noted to produce a very high quality copper sulphate which could be used in feedstocks as well as normal industrial use.

9 Accommodation On-site 15 person accommodation camp Dining, recreational & office facilities Caretaker currently on site Large freshwater dam to support processing operations

10 Tartana Opportunities Significant Copper And Zinc Exploration Targets Copper: 1. Recovering the existing copper in SX ponds: tonne estimate 2. Discovering new oxide resources 3. Deeper sulphide copper exploration including assays for metals such as Ag & Co 4. Valentino exploration zone of higher Cu, Au & Co Zinc 1. Queen Grade Prospect

11 Discovery of new oxide copper resources could enable the re-starting of Copper Sulphate Production And ongoing cash flow

12 Deeper copper sulphide exploration Red shape defines: % Cu (cut-off grade = 0.5% Cu) % Cu (cut-off grade = 0.2% Cu) ~ 87,000 t Cu, or ~165,000 t Cu

13 Geological model Valentino is interpreted as being a splay off the main porphyry mineralisation. Queen Grade zinc prospect is interpreted as being skarn mineralisation similar to King Vol nearby.

14 Queen Grade Zinc Prospect Queen Grade zinc prospect is expressed at the surface by iron-rich gossans.

15 Queen Grade Zinc Prospect In crosssection, significant zinc intersections.

16 Zeehan Zinc Smelter Slag Project Tasmania Potential for immediate cash flow and longterm socially responsible rehabilitation

17 Zeehan Zinc Smelter Slag Project The Zeehan smelter operated intermittently from 1898 and 1948 recovering lead, silver and copper. The smelting operations left a zinc-rich slag heap on site. Historic mine workings and a tailings dump are also nearby. Zinc Slag Project details are: Non-JORC Resource contains: ~420,000 tonnes Simple process involving onsite crushing or screening and transportation to Burnie for shipment Processing potentially requires slag fuming or leaching Site can be rehabilitated at end of project, potentially into heritage park

18 Zeehan Zinc Smelter Slag Project Location south of the township of Zeehan in western Tasmania. Two dumps on the site as well as some relics of the smelting activities e.g. old foundations. Dump Tonnes Zn (%) Pb (%) Ag (g/t) South North 339, , , Previously published non-jorc mineralisation by Intec Ltd (now SciDev)

19 Zeehan Zinc Smelter Slag Project Processing options being investigated include: Leaching the slag to extract the zinc Export sales to overseas third party for processing in Waelz kiln or similar Sales to Nystar for the Port Pirie Smelter Extraction of a trial 5,000 tonne sample for Nystar s Port Pirie operations. Currently the sample is at the Port of Burnie awaiting shipment.

20 Zeehan Zinc Smelter Slag Project Photos from our mining lease and surrounds 20

21 Raised Seed Capital Tartana Resources Limited has raised seed capital to: I. Purchase the Tartana copper/zinc project II. III. IV. Finance a replacement financial assurance for the Tartana Copper/Zinc Project Finance the first tranche payment to SciDev for Zeehan Zinc Slag Project Technical work including ground magnetic survey, rock chip and PLS pond assays, ore body modelling, etc. V. Tenement holding costs. VI. IPO components, e.g. SRK independent geologists report, account update & audit, website, Prospectus design, etc. VII. General management and administration. Item Number Price ($) Value ($) Ownership Total capital pre-raising 25,250, ,525, % Seed Capital raising 22,000, ,200, % Capital Structure - Pre IPO 47,250, ,725, % Minimum Raising 25,000, ,000, % Total capital with minimum raise 72,250, ,450, %

22 Experienced Board/Management team covering relevant disciplines. Dr Steve Bartrop - Executive Chairman Geologist (Ashton Mining & MIM Ltd) and Finance & Analysis (Macquarie, Bankers Trust, JP Morgan). Steve has been involved in the financial industry for more than 20 years having previously moved from the mining industry for the prior 10 years. He has been involved as director of unlisted and listed entities and is currently Chairman of Stibium Australia which operates a gold/antimony mine in South Africa Peter Rohner - Director Peter is Technical Director of the Core Group of companies which has been involved in mineral processing technology development including development of the Jameson flotation cell, IsaMill fine grinding and more recently had significant involvement in further development of MIM s Albion Process (fine grind oxidative leach) technology. Tartana is supported by a number of related groups including Breakaway Investment Group, Breakaway Research, Core Resources & Oakhill Hamilton. Bruce Hills - Director Previously, Bruce was Head of Risk for the Business Technology Solutions and Services division of Westpac Banking Corporation. Bruce is a qualified accountant and a member of the New Zealand Society of Accountants. He has over 25 years of experience in senior risk and audit roles. Rob Waring - Director Principal of Oakhill Hamilton leading company secretarial and advisory group. Kieran Rodgers - Director Managing Director SciDev Limited (ASX Code: SDV) Mining Engineer with extensive investment banking and financial consulting experience, principally at Resource Finance Corporation Ltd,.

23 ASX Listing Tartana Resources is fast tracking a ASX listing with the following tentative time line: 1. Submission to ASIC early March 2. Submission to ASX mid March 3. Funding raising late March/April 4. Listing late April/May Funding raising strategy A mid tier broker have indicated a willingness to be the sponsoring broker A priority offer will be allocated to SciDev shareholders Mike Harrowell (analyst) is providing an independent research report which will be distributed across the Breakaway Research 18,000 investor database Direct marketing to funds Minimum & Maximum Raise Minimum: $5 million Maximum: $6 million

24 Summary We have purchased some great projects which offer: 1. Copper and zinc and potentially cobalt exposure 2. Significant upside with exploration targets that could develop into major projects 3. Projects which could provide a short term sustainable cash flow We have a good mid-tier supporting broker We have a committed team working towards fast tracking an ASX listing We have a strategy which we expect will deliver shareholder value following our listing