May 2018 INVESTOR PRESENTATION · GPM is reviewing remaining ground held by Rio. In dark blue,...
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May 2018 INVESTOR PRESENTATION 1
Transcript of May 2018 INVESTOR PRESENTATION · GPM is reviewing remaining ground held by Rio. In dark blue,...
May 2018
INVESTOR PRESENTATION
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Walker Gossan Lead-Zinc Project
Located in Eastern Arnhem Land, Northern Territory
Aboriginal Freeholdland
Mineral agreement is for life of mine
Standard Rio Tinto agreement
1% Net Smelter Royalty
4% Net Profits Royalty
Access by gravel road
Tenements granted in June 2015
First staked in 1972
Initial Rio Tinto sampling returned Lead in Rock values of up to 2.6%
AU
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ALI
A
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AUSTRALIAWalker Gossan Lead-Zinc Project
One of the Worlds Premiere Lead – Zinc Provinces
In 2015 accounted for >10% of Global Zn Production
Major era of discovery was the 1960’s and 1970’s
Walker Gossan located at NW of belt
Sparsely populated
Walker Gossan is located in the right geologicalsequence
Production and exploration dominated by
Glencore
MinMetals
Teck
AUSTRALIAWalker Gossan Lead-Zinc Project
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AUSTRALIAWalker Gossan Lead-Zinc Project
In Ground Value of Major Mines in District
Target size is upper quartile
Unusual size distribution of deposits
A handful of mega-deposits each surrounded by 2 or 3 small ones
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Project Description
The Walker Gossan Project is subject to an Earn-in / Joint Venture Agreement with Rio Tinto Exploration PTY Ltd – announced in a news release 27 January 2014.
The 166,000 hectare Walker Gossan Project is located within the The Walker Trough, a package of Middle Proterozoic carbonate sediments, situated in Arnhem Land in The Northern Territory ofAustralia.
The primary area of interest is The Walker Gossan.
Gossanous outcrops with anomalous lead values were discovered by CRA – Conzinc Rio Tinto Australia (subsidiary to Rio Tinto Ltd.) in 1970 and a tenement application was made to the Government of the Northern Territory in 1972.
An agreement under the Aboriginal Land RightsAct is required prior to grant of tenement.
To date the area has been held under tenement application and no exploration has been undertaken within the 40 years which have followed the discovery of the gossanous outcrops.
AU
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ALI
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1.8% PB Gossan 1.1% Pb in Gossan
AUSTRALIAWalker Gossan Lead-Zinc Project
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AUSTRALIAWalker Gossan Lead-Zinc Project
Farm in and JV with Rio Tinto
Earn 51 % by completing AUD $ 20 million in expenditure (up to 10 years) and making following payments.
$1 million on signing deal
$1 million on the first drill hole into the Gossan
$4.0 million on completion of JORC Indicated resource greater than 20 million tons at greater than 8% combined Pb & Zn.
Major era of discovery was the 1960’s and 1970’s
After initial earn in Rio Tinto may participate or dilute.
GPM earns to 75 % by completing feasibility study.
At 75% / 25%, Rio Tinto may participate or dilute.
GPM earns to 100% and Rio Tinto convert to 2.5%NSR
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Walker Gossan occupies small area in major mid Proterozoic metallogenic belt. Only relatively small
area granted to date.
AUSTRALIAWalker Gossan Lead-Zinc Project
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Walker Gossan.
Fe rich anomalies in satellite data extend over 6 kms.
Drilling potentially tested Peripheral Pb Zn veins, to main target zone.
At Century and MacArthur River Pb Zn veins are adjacent and peripheral to main body.
LADY LORRETA Zn Pb DEPOSIT, MT ISA INLIER QUEENSLAND.
Note dotted unit represents siderite rich halo extending 100’s of meters out from hi grade Zinc mineralisation (black solid).
GPM Metals drilled into siderite rich outer halo to potential major Zn Pb deposit, during 2016 drill program.
“Taken from Ross Large, Lady Lorretta stratiform halos”.
Lady Lorretta Zinc Deposit with outer siderite halo.
Walker Gossan, not fully tested in 2016 drill program.
2016 drill hole, drilled into siderite halo.
Fe Rich anomalies with potential siderite halo not tested in 2016 drill program.
Zone of potential major zinc resource with siderite halo to NE.
Both Lady Lorretta and Century have outer halos of siderite in the alteration system.
Main structure and potential target occurs west of this ground, to be tested in 2019.
Potential location of major Zinc resource with siderite halo to NE l
PLAN FOR 2018 2019
June 19 Meeting for Work Program on 24305, to be granted.
June July Small work program to build on relationship with TOs
Sept Initial meeting to discuss land council grant EL 30956, EL 844.
Oct Discuss Land council drawing up documents
Jan 2019 TO Meeting to discuss EL 30956 and 844.
May 2019 Drill west extension Walker Gossan ??
REVIEW OTHER RIO TENEMENTS IN DARK BLUE
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GPM is reviewing remaining ground held by Rio. In dark blue, located west of DPG Rio JV tenements.
Target areas is Barney Ck formation in light blue, particularly adjacent to Nth Sth faults, potential basin margin faults.
Dolomitic breccia with trace base metals occurs in Nth of Proposed JV area with Rio.
Tenements granted to date in black.
Dolomitic breccia
FINANCES
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Cash Position (CAD $)
Current cash approx. $ 350,000
Current burn rate $ 35,000 month$ 420,000 year
Walker Gossan work program $ 370,000Includes meetings with TO’s
Peru $ 40,000Contingency $ 40,000
Proposed Budget for next 12 months $ 870,000
SHARE CAPITAL
SYMBOL : GPM CUSIP NUMBER 36 198C 109
EXCHANGE : TSX – V FINANCIAL YEAR – 31 DECEMBER
SHARE INFORMATION ( JANUARY 18, 2018)
Common Shares outstanding 100,233,118 Options Warrants (mainly 10 cents) 17,675,000
Cash $ 0.35 mm / 1 May 2018
Share Capital
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Contact Details
Contact Details
Peter MullensPresident & CEO
Michael MurphyCorporate Communications
GPM Metals Inc.1105-141 Adelaide Street West,
Toronto, ON.M5H 3L5
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