Enterprise Metals Limited
Doolgunna & Fraser Range
Potential World Class Provinces
Kalgoorlie
6 August 2013
Enterprise
Metals
Limited
Enterprise
Metals
Limited
Enterprise
Metals
Limited
“to create shareholder value through discovery or
acquisition of projects with potential for Tier 1 gold, base
metal and iron ore deposits...”
Through:
 Using Government supplied, pre-competitive data (aeromagnetics,
radiometrics, geochemistry, mapping).
 Identifying new metalliferous Provinces (possibly undercover).
 Gaining first mover advantage by dynamic pegging of land.
 Growing successful commodity focussed subsidiary companies through
discovery or acquisition.
 Working constructively with stakeholders & using world’s best practice.
Enterprise
Metals
Limited
Issued Capital
213.22 million Shares
Share price @ 2 August 2013
$0.07
Market Capitalisation
$14.9 million
Cash at bank @ 30 June 2013
$1.71 million
Options
36.0 million
@ 22.9 cents
7.6 million
10.0 million
@ 14.9 cents
@ 22.9 cents
Major Shareholder: SinoTech
72.0 million shares (33.7%)
Directors & Senior Management
Enterprise
Metals
Limited
Dr. Jingbin Wang BSc, MSc, PhD - Chairman (Non-Executive)
 Geologist with 26 years multi-commodity, multi-national experience
Dermot Ryan BApSc (Geo), FAusIMM, CP (Geo) - Managing Director
 Geologist with 35 years multi-commodity experience
Anna Mao MBA - Director (Non-Executive)
 MBA from Richard Ivey Business School of Western Ontario University
Paul Hallam BE Mining (Hons), FAusIMM, FAICD - Director (Non-Executive)
 Mining engineer/operations director, 35 years multi-commodity experience.
Dr. Allan Trench BSc Geo (Hons) PhD (Geophysics) MSc (Mineral Economics) MBA
(Oxon) MAusIMM, MAICD - Director (Non-Executive)
 Geophysicist/geologist, mineral economist, management consultant.
Damian Delaney:
 Company Secretary & Chief financial Officer
Dr Changshun Jia
 Vice President - Exploration
Enterprise
Metals
Limited
ASX Listed: ENU
EXPLORATION STRATEGY
People:
 Well skilled, trained & rewarded
people.
Commodity Focus:
 Gold
 Copper (zinc)
 Iron ore.
Targets:
 Large land holdings
 “Tier 1” resources
Technology:
 Exploit advances in understanding of
regolith, airborne geophysics &
geochemistry.
Enterprise
Metals
Limited
COMMODITY STRATEGY
Area Focus:
 Yilgarn Craton (Au, Cu/Zn, Ni)
 Proterozoic Basins & Orogenic
Zones. (Cu, Ni)
Projects & Deposit Models:
 Fraser Range (Magmatic Ni/Cu)
 Doolgunna (VMS & SEDEX Cu)
 Darlot (Orogenic Au, VMS Cu/Zn)
 Wattagee (Orogenic Au, VMS Cu/Zn)
 Burracoppin (Au, PGE, Ni/Cu)
Enterprise
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Limited
Fraser Range Nickel / Copper
Enterprise
Metals
Limited
Fraser Range Nickel / Copper
Sirius Resources NL – Nova Deposit
 Magmatic nickel sulphide deposit discovered 2012
 14.6 Mt @ 2.2% Ni, 0.9% Cu, 0.08% Co.
 325,000 t nickel; 134,000 t copper, 11,000 t cobalt. (June 2013)
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Preliminary studies indicate Nova will be a very low cost mine
Competent host rock with good geotech characteristics
Ni in pentlandite, Cu in chalcopyrite, no arsenic
Very coarse grain size – potential low energy crush/grind
High recovery of Ni & Cu in initial flotation testwork
Potential for separate Ni (Co) & Cu (Ag) concentrates
Enterprise
Metals
Limited
Fraser Range Nickel / Copper
Nova Prospect – Discovery RC Drill Traverse – Note Palaeochannel.
Enterprise
Metals
Limited
Fraser Range Nickel / Copper
Sirius Nova Deposit .
Enterprise
Metals
Limited
Fraser Range Nickel / Copper
Enterprise
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Fraser Range Nickel / Copper
Comparison of Nova & Plato:
Soil Nickel Responses
Enterprise
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Fraser Range Nickel / Copper
Plato: Detailed Nickel Soil Anomalism over Magnetics
Enterprise
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Fraser Range Nickel / Copper
Enterprise
Metals
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Plato
Detailed Soil Results
 Copper Anomalism over Mag Image
 Cobalt Anomalism over Mag Image
Fraser Range Nickel / Copper
Enterprise
Metals
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Plato
HEM Bedrock Conductors
Nickel Soil Anomalism over Mag.
Fraser Range Nickel / Copper
Enterprise
Metals
Limited
Outline of the Nova nickel/copper sulphide mineralisation in pink (to scale) overlain on Enterprise CDI’s
Plan of Ni Soil Geochemistry & CDI Section/HEM Model with Proposed Drilling
Enterprise
Metals
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Fraser Range Nickel / Copper
Nova
Plato
Outline of the Nova nickel/copper sulphide mineralisation in pink (to scale) overlain on Enterprise CDI’s
Sectional Geology & Mineralisation
Plato CDI
Fraser Range Nickel / Copper
McPhersons: Ni & Cu Soil Geochemistry over Magnetics
Enterprise
Metals
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Fraser Range Nickel / Copper
Enterprise
Metals
Limited
McPhersons: HEM Conductors and GSWA Geology over Magnetics
Fraser Range Nickel / Copper
Enterprise
Metals
Limited
Outline of the Nova nickel/copper sulphide mineralisation in pink (to scale) overlain on Enterprise CDI’s
McPhersons: Ni Soil Geochemistry & HEM CDI Section with Proposed Drilling
Fraser Range Nickel / Copper
Enterprise
Metals
Limited
Next Steps
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Drill Plato and McPhersons
Advance Heart and Highway targets.
Evaluated other anomalous geochemistry and HEM responses &
Areas of transported soil where soil sampling deemed ineffective.
Areas of palaeodrainage.
Follow Up HeliTEM targets with:
 Ground EM
 RAB/Aircore drilling
 RC and Diamond drilling.
Doolgunna Copper
Enterprise
Metals
Limited
Doolgunna Copper
Enterprise
Metals
Limited
Sandfire Resources NL - Degrussa Deposit
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10.2 Mt @ 5.7% Cu, 2.1g/t Au, 15g/t Ag (March 2013)
586,000 t copper; 688,000 oz gold; 5.1m oz silver
Plan Revenue:
$4.2B
Cashflow (pre-tax): $2.4B
“With
the discovery of these four lenses at DeGrussa, Sandfire has
embarked on an aggressive exploration program ($20-25Mpa)
targeting potential repeats of the DeGrussa deposits.”
(Sandfire Website 2012)
Enterprise
Metals
Limited
Doolgunna Copper
DeGrussa Deposit
Sandfire Resources NL
2006-2009
 Shallow drilling for laterite
hosted gold
2009
 Discovery of supergene copper
and gold zone ~80m from
surface, below leached capping.
 VMS hosted in Narracoota
Formation volcanics.
“ENT believes adjacent sediments have potential for VMS & SEDEX copper”.
Enterprise
Metals
Limited
Doolgunna Copper
VMS & Sediment Hosted Deposits
Doolgunna , hghly prospective for :
volcanic hosted deposits.
(eg DeGrussa, Horseshoe)
&
sedimentary hosted deposits.
(eg Thaduna, Egnima)
SEDEX style deposits.
Potential “Zambian” style massive
sulphides in the sediments & volcanics in
Doolgunna Trough , flanked by Goodin Fault &
Southern Boundary Fault (SBF ~80km).
Enterprise
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Doolgunna Copper
ENT V u l c a n
VMS Prospect
in
Narracoota Fm.
Vo l c a n i c s
Copper (ppm) in soils
Gold (ppb) in soils
Doolgunna Copper
Enterprise
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Limited
Doolgunna Copper
Enterprise
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Limited
Enterprise
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Doolgunna Copper
Sediment Hosted Model
 Ore-controlling factors:
•Structural control
•NW striking faults, crosscutting
•NE-striking Goodin and SBF faults.
 Mineralisation source and fluids:
•Cu sourced from mafic volcanic,
•Fluids medium-low temperature
•Hot brine, heated by Archean granite due to
decay of radioactive elements.
 Prospecting indicators:
•Intersections of NE-striking SBF & Goodin
Faults, with major NW-striking faults,.
•W, Sn, Mo, Bi, Sb, Te enrichment on surface.
•Cu, Zn depletion at surface.
Doolgunna Copper
Enterprise
Metals
Limited
Enterprise
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Doolgunna Copper
Anomaly B
Airborne EM
Ground EM
Body 1
Body 2
ENTERPRISE METALS LTD 31 MAY 2010
Model
Doolgunna Copper
Enterprise
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Anomaly B
Ground EM - Late time channel response over VD1 Magnetics
Enterprise
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Limited
Doolgunna Copper
Local gravity
anomaly
Anomaly A, B: Regional Gravity Bouguer Anomaly Image,
Doolgunna Copper
Enterprise
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Limited
Anomaly A, B
ENT Images of Mag-Lag Surface Geochemistry (CRAE-Rio Tinto 1990’s data)
Doolgunna Copper
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Limited Historical Drilling
Depleted Cu, Zn in regolith (<50ppm)
Enrichment in bedrock (Cu to 620ppm、Zn to 850ppm)
Cu
Zn
Regolith
Bedrock(sandstone, shale, etc)
Long Section of Historical Shallow Drilling
Enterprise
Metals
Limited
Doolgunna Copper
Enterprise
Metals
Limited
Next Steps
Detailed Gravity surveys to prioritise EM targets,
Additional EM surveying,
RC drill testing of prioritised targets.
Reporting of Exploration Results
Enterprise
Metals
Limited
The information in this presentation that relates to Exploration Results, Mineral Resources or Ore
Reserves is based on information compiled by Dermot Ryan, a Fellow of the Australasian Institute of
Mining & Metallurgy. Dermot Ryan is an employee of consulting company Xserv Pty Ltd and Director
of the Company.
Dermot Ryan 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’ as defined in the 2004 Edition of the ‘Australian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves’. Dermot Ryan consents to the inclusion in this report of the
matters based on his information in the form and context in which it appears.