23 Nov

Dundas Minerals - Corporate Presentation

Suite 13, 100 Railway Road Subiaco, WA 6008 admin@dundasminerals.com www.dundasminerals.com ASX ANNOUNCEMENT Suite 13, 100 Railway Road Subiaco, WA 6008 admin@dundasminerals.com www.dundasminerals.com 23 November 2021 Corporate Presentation Dundas Minerals Limited (ASX: DUN) (“Dundas” or “the Company”) is pleased release an updated Corporate Presentation, a copy of which is attached. The presentation is also available to download on the Company’s web site: www.dundasminerals.com. A video recording of Managing Director Mr Shane Volk explaining the presentation is also available for viewing and/or download on the Company’s web site. Authorised by: Shane Volk (Managing Director and Company Secretary) About Dundas: Dundas Minerals Limited (ASX: DUN) is a battery - m inerals and gold focussed exploration company exploring in the highly prospective southern Albany - Fraser Orogen, Western Australia. Dundas Minerals holds 11 contiguous exploration licences (either granted or under application) covering an area of 1,106km 2 , all licences are 100% owned by Dundas and are located within unallocated Crown Land . The Albany - Fraser Orogen hosts the world - class Tropicana gold mine (AngloGold Ashanti ASX: AGG / Regis Resources ASX: R RL ) and the Nova nickel mine (Independence Group ASX: IGO). The Dundas tenements are located ~120km south west of Nova, have not been subject to modern exploration and are deemed prospective for battery materials (nickel and rare e arths) and gold. Dundas Minerals listed on the ASX on 10 November 2021. Capital Structure: Ordinary shares on issue: 60,180,216 Options: 3,000,000 (Exp. 2 - 11 - 24 Ex. $0.30 ) ; 4,000,000 (Exp. 1 - 7 - 24 Ex. $0.25 & $0.30 ) ; 4,000,000 (Exp. 1 - 7 - 2 6 Ex. $0.25 & $0.30) ; 2,000,000 (Exp. 1 0 - 11 - 2 6 Ex. $0.25 & $0.30) DUNDAS MINERALS 1,106km 2 Western Australia’s Albany - Fraser Orogen Dominant Tenement Position Highly prospective Albany - Fraser Orogen Drilling for: N ickel, Copper, Gold ASX: DUN December 2021 www.dundasminerals.com | 2 ASX: DUN Battery Materals thematic well understood “KoBold Metals” It’s all about demand 10 to 20 years from now Demand Discovery Drill - out Feasibility Permitting Mining A journey of years www.dundasminerals.com | 3 ASX: DUN Electric Vehicles & Energy Storage Demand Global Cumulative Energy storage installations (2015 – 2030) Battery Materials demand forecast (2020 – 2030) Source: BloombergNEF Nickel and copper demand poised to explode, fueled by growth in energy storage and electric vehicles “ I’d just like to re - emphasize, any mining companies out there, please mine more nickel” Elon Musk (August 2020) Source: BloombergNEF Source: BloombergNEF www.dundasminerals.com | 4 ASX: DUN Albany - Fraser Orogen Yilgarn Craton Albany - Fraser Orogen Nova Tropicana Norseman Esperance Kambalda Dundas q Two world class / company making ore bodies (so far) Tropicana (2005) Nova/Bollinger (2012) q Under explored q Highly prospective for Nova and Tropicana style deposits, especially at depth q Heavily pegged Discovery www.dundasminerals.com | 5 ASX: DUN Dundas: 1,106km 2 q 11 Contiguous Exploration Licences q 100% held by Dundas q Unallocated Crown Land q Prior exploration pre - 2012, the year of Nova discovery & gold focussed Discovery www.dundasminerals.com | 6 ASX: DUN Bedrock not drill tested Discovery q 5 - 30m of cover (Tertiary to Recent sand, calcrete, sedimentary rocks) q No drilling into bedrock q Air - core q RAB To refusal – average depths ~25m q Bedrock ?? Considerable uncertainty q Interpreted as predominantly Proterozoic - age felsic to mafic intrusives q Sub - crop of Monzogranite, dated as Archean (GSWA) Proterozoic / Re - worked Archean ?? Proterozoic Heywood Shear Magnetics Image • Warmer colours (reds and oranges) represent areas of higher magnetic intensity. • Cooler colours (greens and blues) represent areas of lesser magnetic intensity . 0 5 10km www.dundasminerals.com | 7 ASX: DUN Dense mallee until bush fire in 2019/20 2021 Pre - fires Discovery www.dundasminerals.com | 8 ASX: DUN Exploration Strategy LOW HANGING FRUIT (2011) 22m RAB hole (2010) Air - Core RC drilling December 2021 JUMBUCK 2m @ 0.5% Ni (BOH) VTEM & SkyTEM conductors KOKODA 1.5km x 3.5km gold anomaly. 18% of calcrete samples >10ppb Magnetics Image • Warmer colours (reds and oranges) represent areas of higher magnetic intensity. • Cooler colours (greens and blues) represent areas of lesser magnetic intensity . 0 5 10km www.dundasminerals.com | 9 ASX: DUN Exploration Strategy LOW HANGING FRUIT (2011) 22m RAB hole (2010) Air - Core RC drilling December 2021 JUMBUCK 2m @ 0.5% Ni (BOH) VTEM & SkyTEM conductors KOKODA 1.5km x 3.5km gold anomaly. 18% of calcrete samples >10ppb 2022 pending tenement grants (1995) 40m RAB hole (2010) Air - Core Terra Firma NM37 4m@1.06g/t Au (BOH) Mulga 2.0km x 5.5km gold anomaly. 26% calcrete samples >10ppb Magnetics Image • Warmer colours (reds and oranges) represent areas of higher magnetic intensity. • Cooler colours (greens and blues) represent areas of lesser magnetic intensity . 0 5 10km www.dundasminerals.com | 10 ASX: DUN Exploration Strategy LOW HANGING FRUIT (2011) 22m RAB hole (2010) Air - Core RC drilling December 2021 JUMBUCK 2m @ 0.5% Ni (BOH) VTEM & SkyTEM conductors KOKODA 1.5km x 3.5km gold anomaly. 18% of calcrete samples >10ppb 2022 pending tenement grants (1995) 40m RAB hole (2010) Air - Core (2021 SkyTEM survey) Terra Firma NM37 4m@1.06g/t Au (BOH) Mulga 2.0km x 5.5km gold anomaly. 26% calcrete samples >10ppb Matilda South Coincidental gravity/mag/AEM High priority new target area. Immediate in - fill gravity survey Magnetics Image • Warmer colours (reds and oranges) represent areas of higher magnetic intensity. • Cooler colours (greens and blues) represent areas of lesser magnetic intensity . 0 5 10km www.dundasminerals.com | 11 ASX: DUN Exploration Strategy Intrusive Ultramafics (Nova style chonolith / “Pluton”) Search q SkyTEM: Aerial Electromagnetic (AEM) survey - Deep conductive bodies (sulphides) (Ni/Cu/PGE’s) q Altas: Ground Gravity survey - Dense bodies, coincidental with AEM and magnetics - Structure Archean/re - worked Archean (Tropicana style) Nova ore body: 180 - 400m below surface Tools www.dundasminerals.com | 12 ASX: DUN Gravity Survey: Completed October 2021 Search q 4,000 gravity station readings q 500m spacing on 1km lines q 4 areas of coincidental gravity / AEM / magnetic anomalism q Priority in - fill gravity surveys (250m on 500m lines) q Will allow enhanced modelling of body shapes and depths q Follow up ground EM q Aim: Drill test – at the earliest q Assisted by thick mallee vegetation being cleared by fire 0 5 10km Matilda South Jumbuck Terra Firma North East Areas for In - fill gravity www.dundasminerals.com | 13 ASX: DUN Matilda South 3D Gravity Inversion Model (on Mag. colour image) Search Goldport DDHAC004 (31m) logged as: “Intermediate / mafic pluton or pyroxene granulite?”. (2005) Max depth of Goldport drilling 64m. Dundas models top of bodies at ~135m. q Top of gravity model ~135m below surface q In - fill gravity to improve model q Deepest historic drill hole 64m Goldport DDHAC002 (64m) deepest hole. (2005) Strike length of gravity anomaly – 14km www.dundasminerals.com | 14 ASX: DUN SkyTEM AEM: Completed September 2021 2,174 line km’s • 1,829km @ 400m spacing • 345km @ 200m spacing Jumbuck Kokoda Terra Firma Mulga North East AEM Channel 40 over magnetics (grey - scale) AEM Survey coverage area (shaded) www.dundasminerals.com | 15 ASX: DUN Exploration Planned Activity Dec. 2021 Jan. 2022 Feb. 2022 Mar. 2022 Apr. 2022 Jumbuck Drilling 1 Kokoda Drilling 1 In - fill gravity surveys 2 Jumbuck Assays Kokoda Assays Modelled targets from in - fill gravity/AEM H - 1 2022 drill plan Christmas Break (~2 weeks) Note 1: Drilling is able to continue at both Jumbuck and Kokoda should in - field preliminary assay results (XRF) and drill hole data warrant, as the approved work program includes additional drill holes and currently the drill rig remains available beyond the estimated completion date of the ini tia l programs. 2: Dates to be confirmed Planned Activity www.dundasminerals.com | 16 ASX: DUN Board and Management Commercially and Technically strong 30+ years commercial and corporate governance experience in Australian and international mining operations. A qualified Chartered Secretary and a Bachelor of Business (Accounting) RMIT, Melbourne. Has previously worked across a diverse range of mining - related capacities such as exploration (Placer Dome and Emmerson Resources), operations (BHP and Placer Dome), business development (Placer Dome) and corporate governance. Shane Volk B Bus ( Acc ) ; AGIA Managing Director & CEO Geologist with 30+ years of international experience. Graduate of the WA School of Mines (1990). A varied career including operation roles at several mines, before moving to mineral exploration. 15 years with Placer Dome Inc, one of the largest gold companies in the world at that time, where he was Exploration Manager – Asia, and later Risk and Assurance Advisor as part of the groups internal assurance function. Specialises in green fields exploration, developing innovative geological and exploration concepts. Tim Hronsky B Eng ( Geol ) Technical Director Chartered Accountant with in excess of 25 years experience in corporate advisory and management, primarily in restructuring and turnarounds. Commenced his career in Perth, and subsequently spent 16 years working and living in Asia where he led restructuring engagements involving debt totalling more than US$15 billion. Mark Chadwick B Com ( Acc ) ; CA Chairman A highly experienced geologist in all facets of exploration, project evaluation, project generation and management across a range of commodities and throughout a diverse range of geologic terrains globally. Has held senior leadership roles in numerous mining houses most recently at MMG Limited, Newmont Mining and Normandy. Mike Northcott B Sc ( Geol ) Exploration Manager Geophysicist and Geologist with over 40 years of wide - ranging experience in mineral exploration in the world’s major metallogenic provinces. These include exploration the Archaean Yilgarn and Pilbara cratons, Canadian Shield, USA, West Africa, the Australian Proterozoic and the Arabian Shield, New Zealand, Papua New Guinea, Philippines, and Indonesia. Steve Massey B Sc ( Geophysics ) Geophysics Experience www.dundasminerals.com | 17 ASX: DUN Corporate Overview IPO Price $0 . 2 0 Shares on Issue 60 . 2 m Options on Issue 13 . 0 m Shares Escrowed (12 months) 2 . 7 m Market Capitalisation (undiluted) $ 12 . 0 m Cash (post IPO) $ 5 . 7 m De bt $0 . 0 m Enterprise Value $ 6 . 3 m Shares Escrowed (24 months) 2 1 . 4 m S h are ho l d ers (at 22 Nov. 2021) Corporate Structure Tradeable Shares 36.1 m 586 Directors & Management (24 month escrow) 37.7% Retail Shareholders (not escrowed) 57.3% Retail Shareholders (12 or 24 month escrow) 5.0% www.dundasminerals.com | 18 Competent Persons Statement and Disclaimer Competent Persons Statement The information in this presentation that relates to Exploration Results is extracted from the report entitled Independent Technical Assessment Report created on 30 August 2021 , and is included in the Initial Public Offering Prospectus for the Company dated 17 September 2021 , both the technical report and the Prospectus are available to view on www . dundasminerals . com . The Company confirms that it is not aware of any new information or data that materially affects the information included in the original IPO Prospectus and Independent Technical Assessment Report . The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement . The information in this presentation that relates to Geophysical Survey Results and Exploration Targets is extracted from the report entitled New Exploration Targets from Geophysical Surveys created on 18 November 2021 , the repot is available to view on www . dundasminerals . com . The Company confirms that it is not aware of any new information or data that materially affects the information included in the original Technical Report . The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement . Forward looking statements These materials include forward looking statements . Often, but not always, forward looking statements can be identified by the use of forward looking words such as “may”, “will”, “expect” “intend”, “plan”, “estimate”, “anticipate”, “continue”, “outlook” and “guidance” or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs . Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause Dundas’s actual results, performance and achievements to differ materially from any future results, performance or achievements . Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production outputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which Dundas operates or may in future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation . Forward looking statements are based on Dundas and its Management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect Dundas’s business and operations in future . Dundas does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that Dundas’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by Dundas or Management or beyond Dundas’s control . Although Dundas attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of Dundas . Accordingly, readers are cautioned not to place undue reliance on forward looking statements . Forward looking statements in these materials speak only at the date of issue . Subject to any continuing obligations under applicable law in providing this information Dundas does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any changes in events, conditions or circumstances on which any such statement is based . Past performance Past performance is not necessarily indicative of future results and no person guarantees the performance of any financial product or service or the amount or timing of any future return from it . There can be no assurance that the financial product or service will achieve any targeted return, that asset allocations will be met or that the financial product or service will be able to implement its investment strategy and investment approach or achieve its investment objective .
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