ersonal use only
District Scale Copper Project
Investor Presentation
November 2021
ASX: ODM
Disclaimer
This presentation does not constitute investment advice. 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 does not take into account any person's particular investment objectives, financial resources or other relevant circumstances and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.
onlyTo the fullest extent permitted by law, Odin Metals Limited (the Company or Odin) does not make any representation or warranty, express or implied, as to the accuracy 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 includes forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Odin. These risks, u certainties and assumptions include commodity prices, currency fluctuations, economic and financial market conditions in various countries and regions, environmental risks and legislative, fiscal or regulatory developments, political risks, project delay or advancement, approvals and cost estimates. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, readers 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, Odin 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.
useCOMPETENT PERSON STATEMENTS
The information in this presentation that relates to Exploration Targets, Exploration Results, Mineral Resources and/or Mineral Reserves is an accurate representation of the available data and is based on information compiled by Mr Simon Mottram who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Mottram is the Chief Executive Officer of Odin Metals Limited. Mr. Mottram has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person (CP) as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Mottram consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.
CAUTIONARY NOTE REGARDING RESERVES AND RESOURCES
ersonalGenerally, since the Company has securities listed on the ASX it is usually required to report reserves and resources in accordance with JORC 2012. You should note that while the Company's reserve and resource estimates comply with the JORC 2012, they may not comply with the relevant guidelines in other countries and, in particular, do not comply with (i) National Instrument 43-101 (Standards of Disclosure for Mineral Projects) of the Ca adian Securities Administrators and (ii) Industry Guide 7, which governs disclosures of mineral reserves in registration statements filed with the US Securities and Exchange Commission. Information contained in this presentation describing the Company's mineral deposits may not be comparable to similar information made public by companies subject to the reporting and disclosure requirements of Canadian or US securities laws. In particular, Industry Guide 7 does not recognise classifications other than proven and probable reserves and, as a result, the SEC generally does not permit mining companies to disclose their mineral resources in SEC filings. Y u should not assume that quantities reported as "resources" will be converted to reserves under the JORC Code or any other reporting regime or that the Company will be able to legally and economically extract them.
Corporate Overview
Corporate Snapshot | Investment Highlights | |||||||
only | 466.3M | |||||||
Shares on Issue | HIGHLY PROSPECTIVE PROJECT | |||||||
Market Capitalisation | 14M | Highly prospective for VMS-hosted Copper and magmatic Ni- | ||||||
(at $0.03 per share) | ||||||||
Cu-PGE | ||||||||
Cash (as at 30 June 2021) | $2.4M | The Koonenberry Project covers 2600km2 of land holding | ||||||
Options1,2,3 | 88.8M | |||||||
use | PRIME EXPLORATION POTENTIAL | |||||||
Located in the under explored Koonenberry Belt | ||||||||
Top Shareholders | 222 Targets have been identified to date from recent EM | |||||||
surveys | ||||||||
Peel Mining Limited | 10.72% | |||||||
DRILLING PROGRAM UNDERWAY | ||||||||
Sunset Capital Management Pty Ltd | 5.63% | |||||||
ersonal | Minimum of 5,000 metres of RC drilling underway | |||||||
Top 20 | 50% | |||||||
Initial assays expected January 2022 | ||||||||
Directors Fully Diluted | 9.6% | |||||||
- 11.4 million options exercise at $0.001 vest upon the Company's share price being equal to or greater than a volume weighted average price of $0.40 or more for 20 consecutive trading days on the ASX (various expiry dates).
- 16 million Advisor Options exercisable at 8c,10c & 12c (various expiry dates).
- 24.4 million Director & Management Performance Options are subject to various vesting conditions (See Odin Announcement released 20 February 2020 and available on the ASX platform) where 50% of these options exercise at $0.001 vest upon the
Company's share price being equal to or greater than a volume weighted average price of $0.20 or more for 20 consecutive trading days on the ASX (various expiry dates). | ASX: ODM | November 2021 | 3 |
4. 30 million Director & Management Performance Options, with an exercise price of $0.00001. Performance Options vest upon the Company's share price being equal to or greater than a volume weighted average price of $0.06 (50%) and $0.12 (50%) or more |
for 5 consecutive trading days on the ASX. Performance Options expire 3 years after the date of issue.
Project Summary
Koonenberry Project- District scale, copper and base metals
LOCATION
Located 80km east of major mining centre, Broken Hill NSW
Access to the project areas is via Barrier highway containing several sealed main roads, rural roads and farm
tracks | |||
PROJECT OVERVIEW | |||
The Koonenberry Project covers 2600km2 of land holding | |||
only ~150km strike of the significantly under-explored Koonenberry Belt | |||
Highly prospective for VMS-hosted Copper and magmatic Ni-Cu-PGE | |||
use | |||
ADVANCED PROSPECTS | |||
Grasmere Resource - Indicated and Inferred Mineral Resource Estimate of 5.75 Mt @ 1.03% Cu | |||
Higher magnitude anomalism identified along strike and in proximity to the Grasmere deposit | |||
Grasmere North Prospect Area - 25km VMS-prospective trend located along strike from the Grasmere | |||
ersonal | Resource | ||
Cymbric Vale Prospect - minimal modern exploration has identified significant copper prospectively: | |||
Two RC drill holes approximately 800m apart were drilled into gossanous surface rocks that outcrop | |||
Yielded intercepts of 20m @ 0.73% Cu from surface and 20m @ 0.33% Cu from surface | |||
Anomalous surface rock chip samples (up to 5.6% Cu) covering over 1.2 km strike | |||
Targets have been identified over >7km of strike | |||
Wertago - historic mining trend, highly prospective for VMS along strike | |||
Anomalous "Western" trend identified extending over 10km | |||
ASX: ODM | November 2021 | 4 |
Work Program and Newsflow
Drilling underway at Koonenberry
Completed
only
October 2021
Final EM survey data | |
use | |
processed and | |
modelled | |
| Ground |
reconnaissance and | |
field verification | |
ersonal | |
| Priority Targets |
Identified
Commenced | Planned to be released | |
November 2021 | January 2022 | |
Reverse Circulation (RC) | Initial assays expected to |
Drilling has commenced | be received |
which will be followed by | |
Pattern Geochemical Auger | |
Drilling |
ASX: ODM November 2021 | 5
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Odin Metals Limited published this content on 15 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2021 23:00:04 UTC.