ANC20-Proceedings-Presentations-Full

Gonneville is an exceptional new PGE-nickel-copper-cobalt discovery with

the potential to deliver a world-class deposit






• ~1.6km x ~0.8km intrusion, open to the
north-west

• Five shallow high-grade PGE-Ni-Cu-Co+/-
Au zones defined to date (G1-G5) over
~550 x ~350m footprint (all remain open)

• New Pd-Cu+/-Au Eastern Contact horizon
extends over ~1.2km of strike, further infill
drilling underway

• Widespread PGE-rich disseminated
sulphides within intrusion, down to ~450m
below surface so far
• Widespread PGE-rich oxide zone from
surface to ~25m
• Preliminary metallurgical testwork indicates:

• Sulphide mineralisation amenable to
flotation under standard conditions
• Low levels of deleterious elements

• Oxide mineralisation amenable to
oxidative leaching under standard
conditions



• Step-out and resource definition drill
program ongoing with 2 RC and 2 diamond
rigs
8

The five wide high-grade zones defined to date strike over up to ~550m and

remain open along strike and down-dip







Julimar Nickel-Copper-PGE Project
OPEN G1 (discovery) and G2 Zones:
Gonneville G1-G5 Zones 3D View
(looking North-East) • ~5-40m wide
5 October 2020
• Pd-Ni dominant
Mineralisation Drill holes
>0.3g/t Pd cut-off RC – assayed • Open along strike and down-dip
>1.0g/t Pd cut-off RC – assays pending • 33m @ 6.5g/t Pd, 0.7g/t Pt, 1.6% Ni, 0.7% Cu,
DDH – assayed 0.09% Co from 44m (JRC001)
DDH – assays pending
• 45.1m @ 2.9g/t Pd, 0.8g/t Pt, 0.4% Ni, 0.3% Cu,
0.03% Co from 223.9m (JD013)

• 17.6m @ 5.3g/t Pd, 1g/t Pt, 1.3% Ni, 0.6% Cu,
0.07% Co from 191.4m (JD003)

• 26.3m @ 3.8g/t Pd, 0.9g/t Pt, 0.5% Ni, 0.2% Cu,
0.04% Co from 80.7m (JD010)
OPEN
• 24.4m @ 3.3g/t Pd, 0.4g/t Pt, 0.4% Ni, 0.2% Cu,
0.03% Co from 164.6m (JD006)
• 9m @ 5.7g/t Pd, 1.1g/t Pt, 1.1% Ni, 1.5% Cu,
0.06% Co from 103m (JRC019)
G1-3, G5 • 15m @ 2.4g/t Pd, 0.5g/t Pt, 0.6% Ni, 0.6% Cu,
OPEN
OPEN 0.04% Co from 56m (JRC006)
G3 and G5 Zones:
OPEN
G4 • ~5-15m wide
OPEN
• Pd dominant
• Open along strike and down-dip

OPEN assays pending • 13.7m @ 4.4g/t Pd, 0.9g/t Pt, 0.7% Ni, 0.7% Cu,
0.05% Co from 29.3m (JD006)
OPEN 9

The westerly dipping, stacked high-grade G1-3, G5 Zones have up to ~340m

of dip extent and remain open at depth




















JD013 massive/matrix sulphides
from 239-264m


Drill holes
RC – assayed
RC – assays pending
DDH – assayed
DDH – assays pending
Geology
Cover/Laterite Gabbro
Saprolite Granite
Serpentinite Sediments
Dolerite Dyke

Mineralisation
Oxide >1.0g/t Pd cut-off
Sulphide >1.0g/t Pd cut-off
Sulphide >0.3g/t Pd cut-off





10

The G4 Zone and the newly identified Eastern Contact host several wide PGE-

Cu intervals associated with the intrusion contact









G4 Zone:

• ~20m wide
• Pd-Pt-Cu+/-Au dominant

• Open along strike and
down-dip

• Associated with contact
• 25.7m @ 3.9g/t Pd, 2.3g/t
Pt, 0.7g/t Au, 0.2% Ni, 0.8%
Cu, 0.02% Co from 418.1m
(JD006)
• 23.9m @ 1.7g/t Pd, 0.4g/t
Pt, 0.5g/t Au, 0.1% Ni, 0.7%
Cu, 0.02% Co from 313.0m
to EOH (JD005)

• Other PGE assays (Ir, Os,
Rh, Ru) pending

Eastern Contact:
• Several wide-spaced PGE-
Cu+/-Au intersections
along ~1.2km of strike

• Associated with contact
• Further infill drilling required
to define zones – now
underway
11

The Eastern Contact target position includes several wide-spaced PGE-Cu+/-

Au intersections along ~1.2km of strike






JD002 massive sulphides at
~49.5m





(pyrrhotite-pentlandite-
chalcopyrite)

JD002 matrix/net-textured
sulphides at ~90.5m






(pyrrhotite-pentlandite-
chalcopyrite)


Geology
Cover/Laterite Gabbro
Saprolite Granite
Serpentinite Sediments
Dolerite Dyke

Mineralisation
Oxide >1.0g/t Pd cut-off
Sulphide >1.0g/t Pd cut-off
Sulphide >0.3g/t Pd cut-off
Drill holes
RC – assayed
RC – assays pending
DDH – assayed
DDH – assays pending 12

The first test of a new deep EM target (Conductor ‘X’) is currently underway –

a significant ~800m step-out beyond the high-grade zones

























































13

The wide PGE-Ni-Cu intervals associated with disseminated sulphides indicate

the potential for a very large-scale deposit

























































14

Several large EM anomalies recently identified to the north-east of

Gonneville, all are yet to be tested (access pending)






Historical surface sampling over regional magnetics (TMI-RTP) 2020 Airborne EM (channel 15)
May 2020 Sept 2020







N






































15

Strong demand growth and lack of new sources of supply is driving the

critical metal Palladium to record highs






The Platinum Group Elements (PGE): Palladium Market

• Pd in deficit for nine consecutive years – recent record

price of US$2,856/oz reached in Feb 2020


• Demand growth (>11.5Moz in 2019) largely driven by

PGEs Identified gasoline and gasoline-hybrid vehicles
at Julimar
• Supply (~10.8Moz in 2019) predominantly sourced from
mines in Russia and South Africa (+75%) – very few new

discoveries worldwide


Gold vs Palladium Spot Price *
• The most dominant use of PGEs (+70%) is in
automotive catalytic converters (pollution $3,000.00 LBMA-Gold Bullion (US$/oz) LBMA-Palladium (US$/oz)
control devices) $2,500.00


• Future opportunities are positive in $2,000.00

electrification of transport – hybrid and fuel $1,500.00
cell vehicles

$1,000.00
• Minimal PGE production in Australia – a
‘critical mineral’ of strategic importance $500.00


$0.00
16
*Source: S&P Global 5 October 2020 Oct-15 Oct-16 Oct-17 Oct-18 Oct-19 Oct-20

Accelerated drilling and metallurgical testwork program underway – aiming

to define a maiden Mineral Resource by June 2021








2020 Jul Aug Sept Oct Nov Dec




Julimar Project, WA




Access Approvals Julimar State Forest CMP Stage 1



Julimar State Forest
Geophysics DHEM Airborne EM





Soil Sampling Julimar State Forest (access pending)




RC Drilling 200x80m over entire intrusion 80m step-out and 40x40m infill to ~250m deep (2 rigs)




Diamond Drilling 80m step-out and infill beyond 250m deep (2 rigs)



MRE / Metallurgy / Prelim Rougher Floatation Testwork Flotation testwork / optimisation
Mining Studies



17

Hawkstone field reconnaissance, Jun-2019


Hawkstone

Nickel-Copper-

Cobalt Project





Western Australia

The Hawkstone Nickel-Copper-Cobalt Project covers 1,800km in the frontier
2
and largely unexplored King Leopold Orogen of the west Kimberley







600,000mE 700,000mE 800,000mE • Frontier province highly prospective for
50km magmatic Ni-Cu-Co sulphide deposits
N 8,200,000mN • Minimal modern exploration



• 2015 Merlin discovery by Buxton

Resources (ASX: BUX) highlighted
WA
potential of Ruins Dolerite

• Independence Group (ASX: IGO)
Ruins Area
entered the region in late 2018 with a
Merlin Ni-Cu-Co regional JV with Buxton
Prospect
(Buxton-IGO) 8,100,000mN • Chalice now a significant player:


EL Applications over
Hart Dolerite outcrop
2
Derby • 600km Ruins Area
Ruins acquired in June 2019
Dolerite • Immediately SE of Merlin

Chalice Tenure (proven host)
Buxton-IGO JV Tenure
2
Ruins Dolerite (mafic intrusive) • 1,200km of EL applications
Hart Dolerite (mafic intrusive) made in late 2018
Hawkstone Kimberley Basin 8,000,000mN Hart
Project EL Application over Dolerite
Province map and King Leopold Orogen area of interpreted • Conceptual host to
licence holders Canning Basin covered Hart Dolerite Fitzroy Crossing magmatic sulphides
19

Chalice’s immediate focus is the Ruins Area, where several nickel sulphide

targets have already been defined











• Merlin (IGO-Buxton) hosts drill

intercepts in Ruins Dolerite with grades

up to 8.14% Ni, 5.26% Cu and 0.69% Co

Merlin
(IGO-Buxton) • 11 airborne EM targets defined by
Several high-
grade Ni-Cu-Co Chalice to date along strike to SE and
drill intercepts
(up to 8% Ni) E of Merlin

• Ground based MLEM completed,

identifying several high-priority EM
King Sound Area
~8km Ruins Dolerite outcrop
Quick Shears Several airborne EM targets
(IGO-Buxton) anomalies identified
Ni-Cu sulphide
outcrop • 2 x ~5,000 Siemens conductors

Waterford Area identified at the ~2.5km x ~1.5km
Ephesus Target
Ephesus Target
2 x ~5,000S discrete
shallow MLEM conductors
• Maiden RC drill program underway

Hawkstone Nickel occurrence Ruins Dolerite Devonian cover
Project EM Targets Hart Dolerite Paperbark Supersuite
Ruins Area Regional Chalice Tenure Whitewater Volcanics Speewah Group
Geology & 20
Occurrences IGO-Buxton JV Tenure Marboo Formation

So why invest in Chalice?












The new PGE-Ni-Cu-Co discovery at Julimar in WA
1 has significant scale potential and has opened up a


new mineral province – resource drill-out underway








Two rigs drilling at the Pyramid Hill Gold Project in Vic
2 on exceptional scale targets, close to Fosterville and


along strike from world-class goldfields








>A$110M generated from asset sales, ~A$36M returned
3 to shareholders to date and ~A$54M in cash and
1
investments – an excellent track record







1 As of 30 June 2020 21

Thank You






Level 2, 1292 Hay Street, West Perth WA 6005, Australia


+61 8 9322 3960


[email protected]


www.chalicegold.com


linkedin.com/company/chalice-gold-mines



twitter.com/chalicegold





ASX : CHN | OTCQB: CGMLF

The Chalice Story





Appendix












































23

COMPANY HISTORY

Since our 2006 IPO, we have acquired well, advanced projects quickly and
1
generated >A$110M in after-tax proceeds from asset sales





2012 2020
Zara Gold Project in Major Ni-Cu-
Eritrea sold for PGE discovery
2006 2016
$7.5M raised in IPO ~US$114M (pre-tax) Cameron at Julimar
on ASX to progress 2009 Gold Project 2018 Project
Chalice & Zara Gold Project A$0.10ps / ~A$25M in Ontario sold Staked 2020
Higginsville Projects in Eritrea acquired capital return to for ~A$25M Julimar Nickel- A$30M raised
shareholders
for ~A$7M (pre-tax) Copper-PGE to progress
Project in
Western Julimar
Australia


2 0 0 6 2 0 0 8 2 0 1 0 2 0 1 2 2 0 1 4 2 0 1 6 2 0 1 8 2 0 2 0





2017 2019
2009-2011
2007 ~A$43M raised Acquired East Quebec Gold
Chalice & to progress Zara to Cadillac Gold Projects sold to
Higginsville DFS Project in O3 Mining
Projects sold 2013 Quebec and
for ~A$12M Cameron Gold staked
(pre-tax) Project in Ontario Pyramid Hill 2018
acquired for Gold Project A$0.04ps /
~A$8M in Victoria ~A$10.6M
capital return to
shareholders
1 As of 15 June 2020 24

TEAM

We are a dynamic and entrepreneurial group of accomplished mine finders
and disciplined commercial managers






We have people who know People who know how to finance and

how to find mines… commercialise them





Dr Kevin Frost Tim Goyder
GM – Exploration, BSc (Hons) PhD MAIG Chairman

• Co-recipient of AMEC’s Prospector of the Year • 40+ year industry veteran with track record of success
Award in 2009 for the discovery of the Spotted Quoll as an investor, entrepreneur and company director
nickel sulphide deposit in WA (Western Areas) • Founder and largest shareholder of Chalice (~12%)



Alex Dorsch
Bruce Kendall
GM – Development, BSc (Hons) MAIG Managing Director, BEng (Hons), BFin
• Co-recipient of AMEC’s Prospector of the Year • Previously a Specialist with McKinsey & Company
Award in 2012 for the discovery of the world-class • Diverse experience in consulting, engineering and
Tropicana gold deposit in WA (AngloGold Ashanti) corporate advisory in the energy and resources
sectors



Richard Hacker
Chief Financial Officer, BCom, ACA, ACIS
Supported by a significant team of staff project
geologists and mining consultants • Chartered Accountant with 20+ years experience in
junior company financing and management
• Company CFO since 2006


25

STRATEGY

Our strategy is to systematically acquire and explore in premier terranes;
aiming to address the rapid decline in tier-1 scale discoveries worldwide






Exploration Expenditures and Primary Gold discovered globally
Tier-1 scale discoveries
(>US$1bn NPV) now

represent only ~2% of all
discoveries worldwide;
Only one in Australia in
last 10 years (Swan Zone
at Fosterville)



Declining trend
























Peaks in discoveries precede the peaks in exploration spend. So the best time to get in [to
explorers], is when exploration spend bottoms out and starts rising… which is now!
MinEx Consulting, Nov 2018
26

PORTFOLIO

Chalice’s portfolio includes district-scale precious and base metal projects as
well as several royalties, investments and non-operated JVs





Australia







Hawkstone
Nickel-Copper- Warrego North Copper-Gold JV
(NT Bullion earning 75%)
Cobalt Project
(85-100%) Flinders River Royalties
NT Vanadium Project • Nyanzaga, Tanzania – A$5 million payment receivable upon
(100%) commercial production from Orecorp Limited (ASX: ORR)
• East Cadillac, Quebec – 1.0% NSR partial
QLD
WA • Kinebik, Quebec – 1.0% NSR
• Ardeen, Ontario – 0.12-1.0% NSR partial
Barrabarra Nickel-
Copper-PGE Project Mt Jackson Auralia Nickel- • Cameron, Ontario – 1.0% NSR partial
(100%) Gold Project Copper-Gold Project • Jericho, WA – 1.0% NSR capped
(100%) (100%) SA
Julimar Nickel- • Bunjarra Well, WA – 1.0% NSR capped
Copper-PGE
Project (100%) Viking Gold NSW Key Investments
Project (70%)
• ~3.1M shares (~5%) in O3 Mining Inc. (TSX-V: OIII)
South West Nickel- Nulla South & Gibb
Copper-PGE Rock Gold JVs
Project (70-100%) (Ramelius earning 75%) Pyramid Hill
VIC Gold Project
(100%)
Key Project

Generative Project (reconnaissance and targeting)

Non-Operated Joint Ventures TAS
Available for JV / sale 27

Drilling at Pyramid Hill Gold Project, Oct-2019





Pyramid Hill

Gold Project





Victoria












































28

Why gold in Victoria? The prospect of finding another Fosterville Gold Mine








Northern Bendigo Zone
(32Moz undiscovered N
gold endowment) >60Moz Au produced since 1850’s from outcropping
50km South Bendigo Zone, at a avg grade of ~15g/t Au

90% of mines had a recovered grade >8.5g/t Au



Chalice tenure
Bendigo Zone 32Moz Au (P50 mid case) of undiscovered gold to
Stawell Zone the north in the Northern Bendigo Zone (Vic Govt
Melbourne Zone 1
Fosterville Gold Mine Zone Boundary ‘Gold Undercover ’ estimate)
Bendigo ~9Moz Major Regional Faults
~22Moz This area is essentially unexplored – the opportunity

Stawell Castlemaine
Gold Mine ~6Moz Historic gold production
>8 Moz Historic region capturing global attention again

Ballarat Woods Point 5 – 8 Moz thanks to Kirkland Lake Gold’s ultra high-grade Swan
~14Moz 3 – 5 Moz Zone discovery at the Fosterville Gold Mine:
Walhalla 1 – 3 Moz
<1 Moz


Melbourne 2019 Production 2019 operating cash Swan Zone Mineral
costs guidance
Reserve (Dec-18)
~619koz at US$130- 2.3Moz @
~40g/t Au 150/oz ~50g/t Au



29
SOURCE: 1. Department of Economic Development, Jobs, Transport and Resources, Victoria, Australia, http://earthresources.efirst.com.au/categories.asp?cID=42. 2. Kirkland Lake Gold Press Releases 21 Feb 2019, 9 Jan 2020

As an early mover, Chalice staked a >5,000km essentially unexplored land
2
holding surrounding two world-class gold deposits






• The success of Fosterville has attracted
significant new players into the district:





























• Chalice positioned itself early and strategically,

with a focus on:

• Unexplored, prospective areas (potential
world-class deposits hidden by cover)


• Sparsely populated and less sensitive
areas (plains of the Murray Basin) where
large-scale mining feasible
30

The world-class gold deposits are controlled by regional scale faults, which

continue to the north into Chalice’s tenure → follow the strike








NSW
VIC




Northern Four Eagles
Bendigo
Zone
Tandarra
Extension of these
regional scale faults Fosterville ~9Moz
under cover evident Karri Melbourne
in regional gravity Zone
geophysics as well Ironbark
as 2D seismic Bendigo ~22Moz







Chalice Gold Prospect

Advanced Gold Prospect
Gold Deposit
Major Fault

Major Fault extension undercover
Interpreted mineralised fluid flows Ballarat (14Moz) and
Castlemaine (6Moz)
along strike to the south
31

Dispersion of gold and pathfinder metals such as arsenic and antimony is

used to vector towards gold under cover








Dispersion footprints of major gold deposits in Vic Our shallow, wide-spaced air-

core drilling approach






~9 Drill Line 1 Arsenic (we are close)


3-5km Antimony (getting warmer)

Line 2 Gold!




Line 3 A Gold System!!











Identifying continuous

dispersion over kilometres a

good indicator of a large
gold system beneath…


32
SOURCE: Duncan, R. 2019, The five key ingredients that make a world-class gold district, Geological Survey of Victoria

Chalice has adopted a systematic value-add approach – ‘find the big gold

systems first’







• Our Project covers hundreds of kilometres of
prospective strike:
• Muckleford (>300km)

• Mt William (>75km)

• Percydale (>40km)

• Prior to Chalice most of the area essentially un-drilled

• Our regional-scale activities commenced in mid-2018:


Phase 1. Screen the
thin cover (<100m)
areas with wide-
spaced recon Phase 2. Infill and
sampling + AC drilling vector towards
targets with tier-1 Phase 3. Drill-out
scale potential prospects and
revisit other targets






Focus on 2 high-priority
prospects → Karri and
Ironbark (maiden diamond
drill program completed)
>700 AC holes
completed across
~10 targets >15 lower-priority targets →
drilling on hold for now
33

1. KARRI PROSPECT

Initial geological holes have confirmed a large gold system at depth below the
>4km long gold trend at the Karri Prospect







• Maiden 6 hole diamond program for
structure / geology recently completed


• First ever test at depth into a ‘blind target’




• All six diamond drill holes intersected tightly

folded, upright stratigraphy and primary
gold mineralisation.


• Several strike extensive anticlinal structures
identified (typical geological setting for high-
grade gold deposits in the region)


• Anomalous gold intersected in all holes

• Several high-grade gold zones intersected
~1-2km apart





• Results indicate potential for a tier-1 scale
gold system


• 2 diamond rigs currently drilling
34

1. KARRI PROSPECT

The initial diamond holes provided a first glance at the geology and
compelling targets for the current phase of diamond drilling
























































35

1. KARRI PROSPECT

Pyramid Hill
Gold Project


Karri Prospect
AC Drilling over
Aerial Imagery
August 2020





































AC Drilling Max
Gold Contours

>0.025g/t
>0.1g/t

>1g/t 36

AZURE MINERALS IS BACK IN WA









The Andover Complex:










a new nickel district
















ASX: AZS Australian Nickel Conference Tony Rovira


@AzureMinerals Investor Presentation Managing Director

6 October 2020 Azure Minerals Ltd
www.azureminerals.com.au

1

Disclaimer – Forward Looking Statements








This presentation has been prepared by Azure Minerals Limited. It contains background information about Azure Minerals Limited current at the date of this presentation. The presentation is in summary
form and does not purport be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness
of the information, statements and opinions contained in this presentation.
This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or
sale of shares in any jurisdiction.
This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply
in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction.
This presentation does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions
and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an
investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.
To the fullest extent permitted by law, Azure Minerals Limited, its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy,
reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this
presentation arising out of negligence or otherwise is accepted.
This presentation may include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Azure
Minerals Limited. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on
forward looking statements. Any forward looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law and the ASX
Listing Rules, Azure Minerals Limited does not undertake any obligation to update or revise any information or any of the forward looking statements in this presentation or any changes in events, conditions
or circumstances on which any such forward looking statement is based.

This presentation contains information extracted from ASX market announcements which are available on the Company’s website at: www.azureminerals.com.au
COMPETENT PERSON STATEMENT - EXPLORATION RESULTS

Information in this report that relates to previously reported Exploration Results has been crossed-referenced in this report to the date that it was reported to ASX. Azure Minerals Limited confirms that it is
not aware of any new information or data that materially affects information included in the relevant market announcements.





2 2

Refocus attention to Western Australia













Exploration & mining in WA is open for business with supportive commodity prices


and thriving capital markets








Diversifying across commodities and jurisdictions, reducing risk & increasing near-


term upside








Mexican projects remain a key component for Azure but activities restricted due to

COVID-19 – drilling expected to re-start in November 2020











3 3

Quality nickel & gold projects in the Pilbara















4 PROJECTS ACQUIRED FROM MARK CREASY






Andover Nickel-Copper Project:


60% Azure / 40% Creasy





Turner River, Meentheena & Coongan Gold Projects:


70% Azure / 30% Creasy





CREASY NOW 19.1% SHAREHOLDER IN AZS










4 4

Corporate snapshot
















MAJOR SHAREHOLDERS CORPORATE STRUCTURE



Creasy Group 19.1% Share Price A$0.20


Deutsche Balaton 18.0% Shares 242.2 million


Teck Resources Ltd 11.4% Options 5.85 million


Directors & Management 2.7% Market Cap A$48.4 million


Top 20 60.0% Cash A$4.0 million


Debt A$2.0 million

(Convertible Note: conversion @ A$0.145)











5 5

Share price









7.50 $0.30
Exploration starts at Drilling starts
Andover Nickel Project at Andover

6.25 Ni US$20,000/t $0.25
Acquisition of WA Gold
& Nickel Projects from
Creasy Group

5.00 Ni US$17,500/t $0.20
Trading Volume (millions) 3.75 Ni US$15,000/t $0.15 Share Price (A$/share)












2.50 Ni US$12,500/t $0.10





1.25 $0.05





0.00
Source: ASX, Chi-X, LME, Terra Studio $0.00
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Trading Volume (LHS) AZS Share Price (RHS) US$ Nickel Price Source: ASX, Chi-X, LME, Terra Studio

The Pilbara – a Tier 1 exploration & mining region









Turner River: Hemi analogues?
Andover: 70km 2

Andover: new nickel discovery New nickel-copper discovery by Creasy

in layered mafic-ultramafic intrusion




Turner River: 450km 2

Adjacent to De Grey’s Mallina Gold

Project & Hemi gold discovery



Hemi gold discovery Coongan: 223km 2

Adjacent to Novo’s Beatons Creek Gold

Project




Meenthena: 141km 2

Gold exploration by Creasy since 1994






7 7

Andover nickel-copper project











First class infrastructure




• Commercial flights




• Highways, roads & rail




➢ 2.5 hours from Perth airport




• Power & scheme water



• Cell phone coverage

Andover Project
70km 2
• Accommodation & services




• Good access throughout



8

Andover Layered Mafic-Ultramafic Intrusive Complex












Comparable geology to:



Julimar Complex

Chalice: Gonneville (Ni-Cu-PGE)







Fraser Range

Independence: Nova-Bollinger (Ni-Cu)


Legend: Mawson (Ni-Cu)



Mark Creasy: Silver Knight (Ni-Cu)







Kimberley

Panoramic: Savannah (Ni-Cu)
Andover Complex
9

New & unreported nickel discoveries by Mark Creasy











Exploration by Creasy in 2008-2020:

• Mapping & sampling

• VTEM & FLTEM surveys

• RC drilling – 7 holes in April 2018
• DHEM




Outcropping nickel-copper gossans




Strong bedrock-hosted VTEM conductors



4 VTEM / FLTEM targets drill tested in 2018




3 drill holes intersected nickel & copper

sulphides in two separate locations



Multiple targets remain untested


10
10

• Good access into and throughout the project area




• Good outcrop including mineralised gossans


• Drive-up drill targets













































Copper oxides in Drill hole collar
nickel-copper gossan ADRC001

11

Drilled by Creasy Group in 2018* – with nickel hits












ADRC002:

7m @ 2.62% Ni & 0.65% Cu from 43m;
in 26m @ 1.03% Ni & 0.46% Cu

Semi-massive and disseminated sulphides



ADRC001:

4m @ 1.10% Ni & 0.80% Cu from 6m

Gossan




ADRC001:
2m @ 1.77% Ni & 0.53% Cu from 62m
Target 2
Sulphide stringers




ADRC006:

2m @ 2.10% Ni & 0.44% Cu from 15m
Semi-massive and disseminated sulphides
Target 1
12
* Refer ASX announcement 17 July 2020

Exploration underway at Andover












PHASE 1 EXPLORATION PROGRAM


August to December 2020


Target 1
Geophysical (FLTEM) surveying:


• 10+ locations completed

• Multiple conductors identified





Diamond drilling:

• 12 holes / ~3,000m


st
• 1 hole in progress




Down-hole EM surveying

Target 1: high priority for massive nickel sulphides









Semi-massive, stringers and disseminated

nickel & copper sulphide mineralisation




High-tenor nickel sulphide mineralisation:

maximum values of 4.66% Ni & 3.96% Ni




In-hole DHEM conductors correlate with

semi-massive sulphides





Off-hole conductor Strong off-hole DHEM conductor indicates
4,000-5,200 Siemens
potential for extensive sulphide
mineralisation down-dip & along-strike




Early Azure drill holes will test down-dip

and along-strike mineralised extensions




14



Priorities & near-term upside catalysts for Andover










Following up two new nickel-copper sulphide discoveries






• Surface FLTEM surveying completed on 10 VTEM targets





• Multiple EM conductors identified






• Initial 12 hole, 3,000m diamond drilling program underway






• First assay results expected in ~4-5 weeks






• Additional drilling planned for 2021

Thank you














For enquiries, please contact:

Tony Rovira, Managing Director

[email protected]







ASX: AZS


@AzureMinerals

www.azureminerals.com.au


17

Blackridge





Broken Hill


Commonwealth



Arkun




Perth HQ











th
Australian Nickel Conference October 6 2020
1 Impact Minerals – Investor Presentation

Persistence is the key






Provided you are in the


right area!







2 Impact Minerals – Investor Presentation

2020 Vision: Focus on Greenfields Exploration in Two Major Belts




1. Broken Hill, New South Wales (IPT 100%)
• Home to the giant Broken Hill silver-lead-zinc deposit (>300 Mt)
• Large strategic ground holding of 815 sq km. Drilling in progress. 815 sq km
Large strategic
• Highest platinum group metal (PGM) grades in Australia discovered by Impact: ground holding

• Potential for major nickel-copper-PGM mining camp over a 40 km belt.
2. Commonwealth, NSW (IPT: 100%)

• Large strategic ground holding of 902 sq km close to recent Boda discovery
and large copper-gold deposits of the Lachlan Fold Belt.

• Potential for giant copper-gold deposits like Cadia (>40 Moz Au, >10 Mt Cu) 902 sq km
and VMS deposits like Eskay Creek (4 million oz Au, 180 million oz Ag) Large strategic
ground holding
• IP survey in progress. Numerous targets and follow up drilling required
including at the Commonwealth resource

3. Other Projects (IPT 100%)


• Arkun, WA: Large strategic ground holding of 2,000 sq km in the emerging Other
Ni-Cu-PGE Province. Surrounded by Anglo American Corporation. Strategic
Holdings
• Blackridge, QLD: 150 sq km covering majority >300,000 ounce gold field.


3 Impact Minerals – Investor Presentation

Introducing Impact Minerals (ASX: IPT)








Capital Structure Shareholders

Listed on ASX November 2006 Bunnenberg Family 11%

Shares on Issue 1,770 million ABC Beteiligungen 11%
Options 172.5M unlisted Executive Directors 3%
Share Price 2.5 c Top 20 43%

Market Cap $42 million Top 50 52%

Cash $4.5 million No of Shareholders 3,500








2 year Major exploration boom in progress driven

Share price by gold and PGM’s








4 Impact Minerals – Investor Presentation