tsxv:han otcpink:hannf - hannanmetals.com · 5 tsxv:han otcpink:hannf san martin project...
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TSXV:HAN OTCPINK:HANNFwww.hannanmetals.com
Accuracy of Information: Readers are directed to the public disclosure of Hannan Metals Limited (“Hannan”)available under Hannan’s profile on the System for Electronic Document Analysis and Retrieval (“SEDAR”) atwww.sedar.com. Information contained in this presentation was believed to be accurate at the time it was posted,but may be superseded by more recent public disclosure of Hannan. Hannan makes no representations orwarranties as to the accuracy, reliability, completeness or timeliness of the information in this presentation.Forward-Looking Information: Some of the statements contained in this presentation may be forward-lookingstatements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-lookingstatements. Although Hannan believes that such statements are reasonable, it can give no assurance that suchexpectations will prove to be correct. Forward-looking statements are typically identified by words such as:believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature,refer to future events. Hannan cautions investors that any forward-looking statements are not guarantees of futureresults or performance, and that actual results may differ materially from those in forward-looking statements as aresult of various factors, including, but not limited to, capital and other costs varying significantly from estimates,changes in world metal markets, changes in equity markets, planned drill programs and results varying fromexpectations, delays in obtaining results, equipment failure, unexpected geological conditions, local communityrelations, dealings with non-governmental organizations, delays in operations due to permit grants, environmentaland safety risks, and other risks and uncertainties disclosed under the heading "Risk Factors" in Hannan’s mostrecent Annual Information Form filed on www.sedar.com. Any forward-looking statement speaks only as of thedate on which it is made and, except as may be required by applicable securities laws, Hannan does not assumethe obligation to revise or update forward-looking statements or information that may be contained in thispresentation or to revise them to reflect the occurrence of future unanticipated events.Qualified Person: The qualified person for Hannan’s projects, Michael Hudson, CEO for Hannan, and a Fellow ofthe Australasian Institute of Mining and Metallurgy, has reviewed and verified the contents of this presentation.
28 May 2019
Disclaimer hannanmetals.com
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TSXV:HAN OTCPINK:HANNFwww.hannanmetals.comCorporate Structure
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HAN
HANNF
INSIDERS: 30%
SHARES ON ISSUE: 52.7 M
FULLY DILUTED: 72.7 M
RECENT PRICE: C$0.08 (29 May)
52 WK HIGH/LOW: $0.045/0.21
MARKET CAP: C$4.2 M
CASH: C$0.4 M
ENTERPRISE VALUE: C$3.8 M
OPTIONS:
75,000 @ $0.40 exp. Feb ‘2065,000 @ $0.45 exp. May ’2075,000 @ $0.40 exp. Jul ‘20100,000 @ $0.30 exp. Jul ‘201,071,000 @ $0.10 exp. Nov ‘2150,000 @ $0.26 exp. Feb ’22500,000 @ $0.13 exp. Sept ’23537,000 @ $0.15 exp. Feb ’24
WARRANTS:
5,442,486 @ $0.40 exp. Aug ’191,1196,480 @ $0.40 exp. Aug ‘19737,500 @ $0.10 exp. Mar ’202,102500 @ $0.15 exp. Apr ‘21397,500 @ $0.15 exp. Apr ‘217,390,900 @ $0.25 exp. Jul ‘21
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TSXV:HAN OTCPINK:HANNFwww.hannanmetals.com
Hannan is managed by a group with
careers built in the exploration
industry.
In recent years, the group has raised
more than US$100M for European
and Peruvian exploration and
development.
With a track record of success, and
significant experience in gaining
social licence to operate, Hannan is
well place for continued growth.
Michael Hudson (Chairman & CEO): B.Sc. (Hons), GDipAppFin, FAusIMM, MAIG
Lars Dahlenborg (President): MSc.
David Henstridge (Director): B.Sc. (Hons), FAusIMM, MAIG, MGSAust
Georgina Carnegie (Director): B.Com, AM Harvard
Ciara Talbot (Director): B.Sc. (Honours)
Nick DeMare (Director): CPA, CA
Mariana Bermudez (Corporate Secretary)
Russell Starr (Corp. Dev. Adviser)
Directors & Officers
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TSXV:HAN OTCPINK:HANNFwww.hannanmetals.com
San Martin projectSediment-hosted Cu-Ag in Peru▪ Large, unexplored sediment-hosted high-grade copper-silver district in Peru
▪ Style, commodity and country for the majors, Central African copper belt copper-belt analogy. First mover into basin;
▪ Exploration target of considerable scale. Permit applications now cover 35,400 haand provide Hannan with first mover advantage of an area exceeding 72km ofstrike and up to 7km width over two anticlinal trends;
▪ First prospected area, mineralized boulders (>0.1% copper) range in grade from0.1% to 8.3% copper and 0.2 g/t silver to 109 g/t silver with an average grade of2.8% copper and 27.2 g/t silver over 15 kilometre area
▪ Teams now on the ground from May-Sept 2019 to prospect/define mineralizationover 110 kilometres
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Huallaga Basin as the same scale as Central African Copper Belt
The scale of our search space:
Central African Copper Belt Analogue
https://www.newsfilecorp.com/release/41047/Ivanhoe-Mines-Ltd.-Latest-drilling-expands-Kamoa-North-copper-discovery
Kamoa North:3m average thickness @ 3% Cu (local structural/facies blow outs in thickness)
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San Martin Copper-Silver Project, Peru
Field work at Sacanche Bleached Sarayaquillo outcrop at Sacanche
Bleached and mineralized Sarayaquillo outcrop at Sacanche
Field team
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San Martin Copper-Silver Project, Peru
Access to Northern Sacanche Claim
Access to Tabalosos West “Quartz arenite-gossan” outcrop at Sacanche
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San Martin Copper-Silver Project, Peru
Gera River Salt dome at Gera with salt mine adit
Silicifed outcrop with iron oxides after pyrite north of Tabalosos, East of Gera.
View over Cuchiyaco village at Tabalsos. Strongly mineralized Cu-float was located in the creek behind the village.
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San Martin Copper-Silver Project, Peru
Lagunas village, North Tabalosos
Strongly mineralized float from Tabalosos
Video: high-grade copper mineralized float at Tabalosos
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TSXV:HAN OTCPINK:HANNFwww.hannanmetals.com70km
Lima
Exploration license
Significant mine/exploration project
New high-grade Cu-Ag sediment hosted copper discovery
Three permit applications for 35,400 ha covering 76 kilometres of strike
Fifteen kilometres prospected: 19 mineralized boulders with an av. grade of 2.8% copper and 27.2 g/t silver
Gossans to 80 metresthickness
Advantage of basin scale seismic data
San Martin Copper-Silver Project, Peru
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▪ Project access is excellent via a proximalpaved highway, while the altitude variesbetween 800 metres to 1,600 metres in aregion of high rainfall and predominantlyforest cover.
TarapotoPopulation150,000
35,400 Ha application areas
Gera and Tabalosos
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All the hallmarks of a significant sediment hosted Cu-Ag district
The host rocks are Jurassic to LowerCretaceous, deposited within an intra-continental basin.
Hannan is attracted by the geological setting ofthis mineralization, an analogue to the ZambianCopper Belt:
✓ stratigraphic sequence✓ basin architecture ✓ host rock age ✓ unique attributes✓ long lived basin✓ extensive evaporites ✓ major glacial event
Tabalosos
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Mineralization: disseminated chalcocite, covellite, bornite and digenitedeveloped at the contact of oxidized and reduced strata
Tabalosos Regional Section- Multiple Horizons
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• Multiple gossans up 80 metres in thicknesshave been recorded within 5km strike.
• River float samples assaying significantcopper and silver discovered intermittentlyalong the 25 kilometre strike of theSancache claim application area.
Sacanche
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C
Sacanche: May 2019 Results – Scale and Context
Cu
Cu
Cu
CuCu
Cufeox
feox
feox
feox
feox
feox
Very rich float with CuOx and chalcocite together with large boulders of iron oxides after pyrite in creek.
Large sandstone boulders with iron oxides after pyrite in creek.
Stratiform copper mineralization, up to 6m thick. Hosted in bleached red-beds of Sarayaquillo formation. Traced over 1km strike.
5km (?) quartz-sandstone hosted iron oxide gossans with percentage levels of zinc and lead.
Stratiform copper mineralization, up to 4 m thick. Hosted in bleached red-beds of Sarayaquillo formation.
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mineral zonation
Stratigraphy – multiple traps identified
Structure or lineament related to salt tectonics
Quartz sandstone
Redbeds
Outcrop sample
Boulder sample
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Project Strategy
• Follow up float over a large area – lots more copper to be discovered
• Collect intellectual property (IP) over the Huallaga north basin• Why – we are first movers, lack of regional
data, OPPORTUNITY. Copper showings exists over 120 km x 50km to date.
• The public geological map is gravely incorrect -> OPPORTUNITY
• What type of IP? • Stream sediment samples,
interpretation remote data, seismic from the petroleum industry.
• Need to define the best part of the system within our claims (or elsewhere)…
San Martin Project, Peru
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Clare project Carbonate hosted Zn-Pb-Ag-Cu, Ireland▪ 100% ownership high-grade mineralization, expandable at all scales,
35,000 hectare land package;
▪ 40.6 line km 2D seismic survey defined multiple new high prioritytargets over a combined 12 kilometres trend immediately alongstrike and up dip from maiden Zn-Pb-Ag resource at Kilbricken;
▪ Extensively derisked project.
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Clare Project– Carbonate Hosted Zn-Pb-Ag
Pallas Green
Stonepark
Lisheen
Tynagh
Kilbricken
Silvermines
Kilbricken Maiden Resource Ind. 2.7 Mt @ 8.8% ZnEqInf. 1.7 Mt @ 8.2% ZnEq
Navan
Within 80km diameter SW Ireland contains >100Mt >10% Zn+Pb 19
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▪ Ireland – the home of zinc mining
▪ 52,451 hectares under tenure
▪ One of the most mineralized blocks of ground in Ireland and has been assembled since the late 1980’s
▪ Seen close to US$30M of investment from Hannan and earlier exploration companies.
▪ Targeting Waulsortian hosted Zn-Pb-Ag carbonate replacement deposits
▪ Flagship prospect 100% owned Kilbricken Zn-Pb-Ag maiden resource at Clare. ▪ 2.7 million tonnes at 8.8% ZnEq
indicated ▪ 1.7 million tonnes at 8.2% ZnEq
inferred
▪ > 85 km2 Waulsortian subcropping in Clare license block and >100km2 blind target.
Clare Project– carbonate hosted Zn-Pb
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TSXV:HAN OTCPINK:HANNFwww.hannanmetals.comKilbricken Resource Expansion Targets
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1:QUIN2:DOORA3:FINNANAGH4: BALLYHICKEY
KILBRICKEN
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QuinKilbricken Zn-Pb-Ag
Milltown Zn-Pb-Ag
Kilmurry Zn-Pb-Ag
> 85 km2 Base of Waulsortian reef subcropping in license block and >100km2 blind target
1 km
Kilbricken2.7 million tonnes at 8.8% ZnEq indicated 1.7 million tonnes at 8.2% ZnEq inferred
KilmurryThe big one?
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Clare Project– carbonate hosted Zn-Pb-Ag-Cu
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The Kilmurry Zn-Pb-Ag target
1: Max off-set target2: Amplitude target3: Relay target4: Relay target
Drill ready targets >6km strike
6km
11-3643-10 – A key drillhole✓ Hydrothermal hematite alteration in ABL unit✓ 0.3m @57% ZnPb from 166m structurally
hosted massive sulphide✓ 65m of pervasive calcite-dolomite alteration
of the Waulsortian limestone
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Kilmurry vs Lisheen
1: Max off-set target2: Amplitude target3: Relay target4: Relay target
6km
LisheenWorld’s 12th largest zinc deposit
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TSXV:HAN OTCPINK:HANNFwww.hannanmetals.comThe Kilmurry target- context
745-798m:65m calcite-dolomite alteration of reef
745-798m:Gossanous patches after pyrite
745-798m:Calcite replacing barite
800-806m:Hematite alteration of ALB
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▪ Opening up new search spaces for base metals via technology (Irish zinc seismics) and grassroots discovery (Peru copper)
▪ Previously unexplored sediment-hosted high-grade copper-silver district identified in north-central Peru
▪ New zinc discovery made during last downturn -US$30M sunk capital;
▪ Collecting data, making discoveries, creating value
Opening Up New Search Spaces hannanmetals.com
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