25 Nov

Investor Presentation

LOCKSLEY RESOURCES LIMITED ACN 629 627 144 N o v e m b e r 2 0 2 1 P R E S E N T A T I O N 2 Disclaimer For Consideration This presentation has been prepared by Locksley Resources Limited (“Locksley Resources”). This document contains background i nfo rmation about Locksley Resources current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Recipients should con duc t 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 prese nta tion. This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, pur cha se or sale of any securities in the Locksley Resources. This presentation has been made available for information purposes only and does not constitute a prospectus, short form prospectus, profile st ate ment or offer information statement nor does it constitute investment or financial product advice (nor taxation, accounting or legal advice) and it is not intended to be used as the ba sis for making an investment decision. This presentation does not constitute investment advice and has been prepared without taking into account the recipient’s inv est ment objectives, financial circumstances or particular needs. The opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to par ticular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities involve risks which include (among others) the risk of adverse or unanticipated market, financial or political developments. To the fullest extent permitted by law, Locksley Resources Limited, its officers, employees, agents and advisors do not make any representat ion 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 are accepted. Forward - Looking Statements This presentation may include forward - looking statements. Forward - looking statements are only predictions and are subject to ris ks, uncertainties and assumptions which are outside the control of Locksley Resources. Actual values, results or events may be materially different to those expressed or implied in this pre sen tation. 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 i ssu e of this presentation. Subject to any continuing obligations under applicable law, Locksley Resources does not undertake any obligation to update or revise any information or any of the forwar d l ooking statements in this presentation or any changes in events, conditions, or circumstances on which any such forward looking statement is based. The proposed business and operational plan s a nd use of funds and their relative priority is subject to ongoing review and evaluation by the Company and is dependent upon the availability of funds; infrastructure and personnel; governmen t a pprovals; agreements with traditional and other land holders; co - operation of third party suppliers and contractors as well as weather and other seasonal factors. As with any business plans and budgets, the actual use of funds, plans and timing of events may change depending on the outcome of the programs as they proceed. The Board will evaluate its plans on an ongoing basis consid eri ng the various relevant factors and reserves the rights to alter the way in which funds are applied, timing of events and the overall business and operational plans themselves. No warranty a s t o the accuracy of the above information is given and investors should rely upon their own due diligence when making an investment. An investment in Locksley Resources Limited must be considered as speculative. 3 Disclaimer Forward - Looking Statements This document may include forward - looking statements. Forward - looking statements include, but are not limited to, statements con cerning the Company’s planned exploration program and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "expect," "intend," "ma y”, "potential," "should,", “further” and similar expressions are forward - looking statements. Although the Company believes that its expectations reflected in these forward - looking statements are reaso nable, such statements involve risks and uncertainties and no assurance can be given that further exploration will result in additional Mineral Resources. Competent Persons Statement The information in this report related to Exploration Results is based on information compiled by Ian Cooper BSc(Hons) BE(Min ing ) MSc, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy, (member No. 106609). Mr Cooper has over 35 years’ experience in the mineral and mining industry. Mr Cooper is a full - time employee and shareholder of Locksley Resources. Mr Cooper has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resou rce s and Ore Reserves. Mr Cooper consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears. The Competent Person for the Exploration Target is Mr Jeremy Peters FAusIMM CP(Geo, Min) a Director of Burnt Shirt Pty Ltd, who has sufficient experience and qualifications to postulate such targets. Mr Peters cautions that an Exploration Target is a statement or estimate of the exploration potential of a mineral deposit in a de fined geological setting where there has been insufficient exploration to estimate a Mineral Resource, that the potential quantity and grade is conceptual in nature and that it is unce rta in if further exploration will result in the estimation of a Mineral Resource. Previous Disclosure The information in this presentation that relates to Exploration Results has been extracted from Locksley Resources’ prospect us dated 18 May 2021 and its ASX announcements titled “RC Drilling Commences at the Tottenham Copper Project & Exploration Update” released on 30 September 2021 and “Grant of EL9307 Exploratio n U pdate” released on 25 October 2021, all of which are available at locksleyresources.com.au. Locksley Resources confirms that it is not aware of any new information or data that m ate rially affects the information included in these original market announcements and that all material assumptions and technical parameters underpinning the relevant market announcements conti nue to apply and have not materially changed. Locksley Resources confirms that the form and context in which the Competent Person’s findings are represented have not been materiall y m odified from the original market announcements. The Board of Directors of Locksley Resources Limited authorises the release of this presentation. 4 Executive Summary Project is in the highly prospective Lachlan Fold Belt Cobar - Girilambone district… Overview • Australian exploration company with the purposes of identifying and assessing resource opportunities within Australia • Focused on the exploration and development of the mineral resources project at Tottenham NSW • Highly prospective Lachlan Fold Belt Tottenham district and includes a 50 km strike length of Volcanic Hosted Massive Sulphide (VHMS) copper corridor • Numerous historic mines Historic Production • Previous production was the Bogan River, Mount Royal – Orange Plains, Carolina and Ace. The most active period of production was between 1905 and 1917. After 1917 production continued at a lower level until 1930. • Copper production is estimated to be 3907 tonnes with minor gold (4.5kg) and silver (24.1kg). 5 Mount Royal Mount Royal Mine circa 1918. Note copper ingots in right foreground. 6 What We’ve Delivered in Just 6 Months… Successful ASX Listing Strongly over subscribed Significant focus on reprocessing Historic data 9,000 meters of historic core on site. 2,500 meters of historic core in government archive. Property Purchases / Establishment of Field Base Purchase of freehold land encompassing Orange Plains resource, camp site and core processing facility. 1563.9m Diamond Drilling at Orange Plains and Carolina Deposits August – September 2021 3398m RC Drilling at Chris Watson and Orange Plains Deposits October 2021 Imminent JORC Compliant Resource Current exploration target to be converted to JORC compliant resource. Numerous geophysical targets identified Following a geophysics review, a number of new targets identified for drilling. 7 Diamond Drilling TOD001 8 Corporate Overview ASX Code LKY Shares in Issue 56,000,001 Options in Issue 9,000,000 Market Capitalisation ( $0.19 ) $10,6m Cash at Bank ( 30 Sep 2021 ) $4.104m Freehold Property Ownership $100,000 Enterprise Value (30 Sep 2021) $6.4m Shareholder Breakdown (July 2021) 9 Tottenham Project • Australian mineral exploration company • Focused on the exploration and development of Copper & Gold Deposits • Located in the highly prospective Lachlan Fold Belt, NSW • Multiple Known Deposits Overview 4 Granted Exploration Licenses • 470km2 Land Package • All tenements granted until 2026 Exploration Targets • Two targets at the Mount Royal – Orange Plains and Carolina Deposits • 7Mt @2% Cu, 1.0g/t Au to 14Mt @ 1.2% Cu, 0.5g/t Au. The Competent Person for this Exploration Target is Mr Jeremy Peters FAusIMM CP(Geo, Min) a Director of Burnt Shirt, who has sufficient experience and qualifications to postulate such targets. Mr Peter s cautions that an Exploration Target is a statement or estimate of the exploration potential of a mineral deposit in a defined geological setting where there has been insufficient exp loration to estimate a Mineral Resource, that the potential quantity and grade is conceptual in nature and that it is uncerta in if further exploration will result in the estimation of a Mineral Resource. Tottenham Project Location 10 Carolina Deposit Carolina is the most consistently mineralised deposit, with an Exploration Target of; 3.4Mt at 1.5% Cu, 0.5 g/t Au for 52Kt Cu and 59Koz Au. 11 Mount Royal - Orange Plains Deposit Mineralisation occurs in two horizons with significant exploration potential; Exploration Target 3.9Mt at 0.9% Cu, 0.3g/t Au for 34kt Cu and 30k oz Au. 12 Tottenham’s Growth Strategy Organic Growth Potential Inorganic Growth Land Acquisitions Project Acquisitions Global Copper supply deficit looming Significant exploration potential Carolina and Mt Royal remain open at depth Multiple Exploration Targets Bogan River Underlay Ace Jimmy Woodser Multiple Geophysics Anomalies Ace Underlay Burdenda T MD030 Carolina Mine 1890’s 13 Pricing Catalysts This timeline is indicative only and subject to change without notice. Given the impact of matters beyond our control, there may be delays to these timeframes. 2022 2021 Q4 - 2021 Q1 - 2022 Commence Scoping Studies Baseline Environmental, Metallurgical, Geotechnical Diamond Drilling EL8384 & Carolina Extensions Resource Update Resource Announcement Q2 - 2022 Q3 - 2022 Q4 - 2022 Diamond Drilling Effies Ace & Ace Airborne EM EL8384 & EL9307 Diamond Drilling Bogan River & Mt Royal Scoping Study Results Diamond Drilling of EM Anomalies Aircore Drilling EL6656 Gravity Survey EL6656 Assay Results Assay Results Resource Compilation 14 Keep the Drill Bit Spinning in 2022 Projects Q1 Bogan River Q3 Q2 Q4 Review Historic Core Chris Watson Mount Royal Orange Plains Underlay Ace Jimmy Woodser Carolina EL 8384 EL 9307 Review Historic Core Review Historic Core Diamond Drilling (2500m) Diamond/RC Drilling (800m) Gravity Survey Airborne EM Effies Ace EL 6656 Airborne EM Review Historic Core Review Historic Core Diamond Drilling (1000m) Diamond/RC Drilling (1500m) Diamond Drilling (600m) Review Historic Core Review Historic Core Diamond Drilling (600m) Review Historic Core Diamond Drilling (600m) Diamond Drilling (600m) Diamond Drilling (400m) Diamond Drilling (400m) Aircore Drilling (1500m) This timeline is indicative only and subject to change without notice. Given the impact of matters beyond our control, there may be delays to these timeframes. Diamond Drilling (800m) 15 RC Drilling TORC017 16 Why Invest? Share in our exciting future, with an imminent JORC 2012 Compliant Resource … Experienced Exploration Team Based in Orange with a proven track record of discovery and development Multiple Known Deposits Eight significant historic mines, with two deposits currently being drilled. Global Demand of Copper Quality copper supply, in record demand. Infrastructure Advantage Infrastructure already in place, grid power, rail, roads, water, accommodation and government services. Multiple Drill Programs More than 12 drilling programs scheduled in 2022. Aggressive Exploration Program for 2022 Money spent in the ground 17 A Team That Delivers Steve Woodham Managing Director • Mr Woodham has over 30 years’ experience in the mining and exploration industry in Western Australia, New South Wales and overseas. • His area of specialisation includes field logistics land access in rural and remote environments and company management. • He also has an extensive track record of tenement acquisition, mining investment and commercial and cross - cultural negotiation. • Mr Woodham was a founding director of Centaurus Resources, YTC Resources (Aurelia), and managing director of Kingwest and Tellus Resources. • Mr Woodham will not be considered an independent director. Adam Giles Non Executive Chair • Adam was the 10th Chief Minister of the Northern Territory and held office from 2013 until 2016. During his political career Adam held the portfolios of Northern Australia, Major Projects, Economic Development, Indigenous Affairs, Transport and Infrastructure and Treasury. • Prior to politics, Adam had a long career in the Indigenous affairs, housing, training and employment sectors and previously worked as a social and economic policy adviser in the Department of Prime Minister and Cabinet and led Indigenous Economic Policy for the Australian Government. • Adam now provides consultancy advice on agriculture and mining, politics, media, Indigenous policy and employment and training. • Mr Giles will be considered an independent director. Steve Brockhurst Non Executive Director • Mr Brockhurst is the founding Director of Mining Corporate Pty Ltd and has over 15 - 20 years’ experience in the finance and corporate advisory industry and has been responsible for the preparation of the due diligence process and prospectuses on a number of initial public offers. • His experience includes corporate and capital structuring, corporate advisory and company secretarial services, capital raising, ASX and ASIC compliance requirements. • Mr Brockhurst will be considered an independent director. Ian Cooper Operations Manager • Ian graduated from Sydney University in 1987 with BSc (Hons) and BE (Mining). • He then worked at Broken Hill as a miner, ventilation and planning engineer. • Ian completed an MSc in geology whilst working at Browns Creek in 1998. Ian has also worked on Cadia Hill, Cadia Quarry, Cadia East and Ridgeway deposits before becoming a founder of YTC Resources. • Between 2004 and 2015 Ian was involved with exploration and mine development as Principal Geologist for YTC Resources / Aurelia Metals. • During 2018 and 2019 also helped list and establish Kingwest Resources with a series of projects in the Leonora – Leinster – Darlot area. • Since 2019 Ian consulted to a wide variety of mineral exploration projects in N.S.W. before helping to establish Locksley Resources. Passionate management with a track - record of generating shareholder returns… 18 Historic ASX Announcements ? GRANT OF EL9307 EXPLORATION UPDATE ASX: LKY 26 October 2021 ? RC DRILLING COMMENCES AT THE TOTTENHAM COPPER PROJECT & EXPLORATION UPDATE ASX: LKY 30 September 2021 ? LOCKSLEY RESOURCES EXPLORATION UPDATE DRILLING COMMENCES AT TOTTENHAM ASX: LKY 24 August 2021 ? LOCKSLEY RESOURCES PROSPECTUS 6 July 2021 ? TOTTENHAM JV MINERAL RESOURCES – ANNUAL UPDATE ASX: MCR 10 September 2018 ? TOTTENHAM JV EXPLORATION DRILLING UNDERWAY ASX: MCR 9 March 2018 ? TOTTENHAM COPPER JOINT VENTURE ADVANCES ASX: MCR 27 November 2017 ? HIGH GRADE DRILLING RESULTS AT TOTTENHAM COPPER PROJECT, NSW ASX: MCR 21 September 2017 ? TOTTENHAM JV DRILLING UNDERWAY ASX: MCR 3 July 2017 ? TOTTENHAM EARN - IN AND JOINT VENTURE ASX: MCR 17 February 2016 ? EXPLORATION UPDATE: COPPER AND GOLD AT TOTTENHAM ASX: MCR 31 March 2011 ? HIGH - GRADE COPPER - GOLD INTERSECTED IN EARLY DRILLING AT TOTTENHAM, NSW ASX: MCR 17 February 2011 ? MINCOR INTERSECTS WIDESPREAD COPPER MINERALISATION AT TOTTENHAM PROJECT, NSW ASX: MCR 9 October 2007 Contact Mr Stephen Woodham Managing Director Locksley Resources Limited M – +61 417 293 449 E – woodhams@locksleyresources.com.au 19 LOCKSLEY RESOURCES LIMITED ACN 629 627 144 Carolina Mine Circa 1900
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