advanced exploration 1 · disclaimer duke exploration / investor presentation 2 •this...

Investment Opportun i ty

in Advanced

. . Exp lorat ion 1

Duke Exploration / Investor Presentation 1

Sponsoring Broker

Note 1 : Advanced Exploration: Defined as confirmed mineralisation, immediate drill targets & exploration upside

Disclaimer


• This Presentation (“Presentation”) is for informational purposes only and is not a prospectus, disclosure document or offer document under the Corporations Act 2001 (Cth)(“Corporations Act”) or any other law. This Presentation does not constitute, and is not to be construed as, an offer to issue or sell, or a solicitation of an offer or invitation tosubscribe for, buy or sell securities in Duke Exploration Pty Limited ABN 28119421868 (“Duke”, “DE” or “the Company”) as set out herein. Novus Capital Limited (AFSL No238168) (ABN 32 006 711 995) is assisting the Company with the capital raising detailed in this document.

• The material in this Presentation has been prepared by the Company and contains summary information about the Company’s activities. The truth or accuracy of theinformation in this Presentation cannot be warranted or guaranteed by the Company. The information in this Presentation is of a general background nature and does notpurport to be complete or contain all the information security holders would require to evaluate their investment in the Company. It should be read in conjunction with anyperiodic and continuous disclosure announcements to be made available by the Company at https://duke-exploration.com.au/. Other than to the extent required by law (andonly to that extent) the Company and its officers, employees and professional advisors make no representation or warranty (express or implied) as to, and assume noresponsibility or liability for, the contents of this Presentation.

• This Presentation does not purport to contain all information that recipients may require to make an informed assessment of the Company or its securities. Statements in thisPresentation are made only as at the date of this Presentation unless otherwise stated and remain subject to change without notice. No representation or warranty, express orimplied, is made as to the fairness, accuracy or completeness of the information or opinions contained in this Presentation, or any omission from this Presentation. To themaximum extent permitted by law, the Company disclaims any responsibility to inform any recipient of this Presentation on any matter that subsequently comes to its noticewhich may affect the information contained in this Presentation, and undertakes no obligation to provide any additional or updated information whether as a result of newinformation, future events or results or otherwise. Nothing in this Presentation shall under any circumstances create an implication that there has been no change in the affairsof the Company since the date of the Presentation.

• This Presentation contains forward-looking statements regarding the Company and the potential of its current and future projects. Forward-looking statements can be identifiedby the use of forward-looking language such as “plans”, “expects”, “budgets”, “schedules”, “forecasts”, “anticipates”, “believes”, “intention is” or variations thereof, andstatements that certain actions or results “may”, “could”, “would”, “might”, “will occur” or “will be achieved”. Forward-looking statements are based on the opinions andestimates of the Company as at the date such statements are made. Forward-looking statements are subject to known and unknown risks that may cause the actual results,performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Although the Company hasattempted to identify and account for these risks, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events coulddiffer materially from those anticipated in such statements. Accordingly, the Presentation should be used as a general guide only and recipients should not place undue relianceon forward-looking statements contained in this Presentation. The Company does not undertake to update any forward-looking statements except in accordance with applicablesecurities laws.

• Not financial product advice or offer.

• This presentation does not constitute investment advice, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, anycontract or investment decision. Information in this Presentation, including forecast financial information, should not be considered as advice or a recommendation to investorsor potential investors in relation to holding, purchasing or selling securities. Before acting on any information, you should consider the appropriateness of the information havingregard to these matters, any relevant offer document, your own objectives and financial situation and in particular, you should seek independent financial advice appropriate toyour particular circumstances.

➢ Duke Exploration (Duke) has access to unique State of the Art , big data, and 3D analytical techniques (heuristics).

➢ Digital Data Analysis allows hidden and overlooked large-scale mineralised systems to be identified through recognition of certain signatures.

➢ These techniques reduce exploration risk, cost and time.

➢ Duke has identified and secured five major advanced stage exploration in Eastern Australia (Qld & NSW) which potentially have large-scale Copper (Cu), Gold (Au) and Cobalt (Co) resources.

➢ Duke is focussed on advanced stage exploration (enhanced success rate).

3

IPO Prospectus FOR LISTING EARLY 2019

Duke Exploration / Investor Presentation

Unique in its Exploration Methodology

➢ The selection of all six tenements was based on a rigorous application of various mineral system models using sophisticated and proprietary statistical analysis.

➢ Validation of exploration data confirmed and drill targets selected

FOOTER 4

Focusing On

➢ Advanced Stage Exploration Projects.

➢ Large scale copper, gold and cobalt systems in Australia.

THE DIFFERENCE


** ***

***

**

100km

10

0km

• a = total study area (e.g. 10,000 km)

• A = Unit Cell = 1 km2 cell

• N(D) = number of deposits

• P(D) = prior probability

• N(T) = total area of study region

• N(B) = area of binary theme

• N(B) = area of binary theme not present

• N(T) = N(B) + N(B) (as long as no missing data)

)(/)(

)(/)(ln

TNBN

DNDBNW

=+

)(/)(

)(/)(ln

_

_

TNBN

DNDBNW

=−

)()( −−+= WWC

_

)|(

)|(ln

DBP

DBPW =+

)(

1

)(

1

BNDBNWs +

=+

)()( −++= WsWsCs

_

)|(

)|(ln

DBP

DBPW =+

)(

1

)(

1

BNDBNWs +

=+

)()( −++= WsWsCs

__

_

)|(

)|(ln

DBP

DBPW =−

)(

1

)(

1__

BNDBN

Ws +

=−

CsCStudC /=

Fuzzy Logic, Weights of Evidence, Neural Networking and Logistic Regression USING MASSES OF DATA TO SIMPLIFY

Weights ofEvidence

FUZZYOPERATORS

0.5

0.75

0.250.250.25

0.25

0.50.75

0.75

0.250.25

0.25

0.25

0.5

0.5

0.5

0.75

0.75

AND

0.25

0.25

0.25

0.25

0.25

0.75

0.50.5

0.5

OR 0.25

0.25

0.25

0.5

0.5

0.75

0.75

0.75

0.75

SUM

0.44

0.87

0.62

0.94

0.44

0.44

0.87

0.87

0.62

GAM

MA

0.17

0.57

0.28

0.73 0.1

7

0.17

0.57

0.57 0.28

PRODUCT

0.12 0.06

0.37 0.56

0.370.370.06

0.06

0.12

THE DIFFERENCE

Neural Networking

Logistic Regression

Fuzzy Logic


Benchmark Data Technology New Deposit

The Difference

Known Mine

OPPORTUNITY

• 100% interests in 5 tenements focused on potential “company maker” gold, copper and cobalt opportunities within Qld & NSW.

• An additional tenement Prairie Creek under application (to be granted soon).

• Drill ready targets to validate modern mineralisation concepts absent in historical exploitation strategies

• Up to 10% Free Carried Equity in Lachlan Resources Pty Ltd, a wholly owned subsidiary of Emmerson Resources (ASX: ERM) covering a new porphyry system.

• Novus Capital appointed as Sponsoring Broker.

• Duke is planning to raise $4.5M in IPO. 2019


THE PEOPLE

Duke’s governance experience is a fundamental aspect of managing a successful ASX listed company.8

➢ Well credentialled, experienced team.

➢ Public Company Board and Management Team with long history of successful exploration and Mine Development.

➢ Scientific, technical, corporate and governance experience.

➢ Worked together for the past 28 years, (exploring, building and operating mines).

➢ Kenex is a geological consulting company

which has developed world leading digital

analysis techniques to detect 3D

signatures related to certain styles of

mineralisation

➢ Duke‘s exploration projects were selected and

acquired on the basis of heuristic digital

analysis

➢ Duke has a priority Strategic Alliance

Agreement with Kenex, (covering Eastern

Australia), including input on validation of

the exploration strategy, as well as new target

generation


Kenex

Alliance

10

10

QLD Tenements1 EPM 19253 (Cloncurry) 100%

2 EPM 25784 (Cloncurry East) 100%

3 EPM 26499 (Bundarra) 100%

4 EPM 26852 (Prairie Creek Application) 91%, Duke - 9% Capgold Pty Ltd free carried to BFS

NSW Tenements5 Exploration Licence No 8568 (Red Hill) 100%

6 Exploration Licence No 8539 (Coomerang) 100%

JV Tenements NSW (up to 10% Free Carried Equity BFS)

7 Exploration Licence No 8590 (Kiola)

8 Exploration Licence No 8463 (Wellington)

9

10

Exploration Licence No 8464 (Fifield)

Exploration Licence No 8652 (Temora)


A S S E T S

P R OJ E C T S


Bundarra: EPM 26499

ADVANCED STAGE EXPLORATION: POTENTIAL COMPANY MAKER

➢ Highly prospective tenement, with historic U/G and surface mining.

➢ Geological evidence for a significant porphyry system. Should be viewed in the context of a major porphyry system

➢ Past drill intersections with significant copper mineralisation are immediate targets for resource drilling.

➢ Previous drill results also confirm the potential for gold rich systems.


Dr i l l intersect ions :

Mt Flora (Endeavor Oil Co 1975)• 7.34 m @ 0.9% Cu• 18.29 m @ 1.3% Cu• 2.56 m @ 2.3% Cu• 5.40 m @ 0.6%Cu• 6.24 m @ 0.5% Cu• 19.17 m @ 1.0% Cu• 15.56m @ 0.7% Cu• 2.71 m @5.6% Cu

Associated with EM anomaly, Cu-Au surface geochemical anomalies.

• Estimated potential tonnage: 3MT @ 2.6% Cu (Historical assessment, not JORC compliant).

Mt Flora (Regency Resources 2006)

• 1 m @ 1.38% Cu

Quorn/Monarch (Marlborough Gold Mines 1991)• 46 m @ 0.58 % Cu from top of hole in MFP1• 44 m at 0.46 % Cu from top of hole in MFP2

Isen (Regency Resources 2005)• mineralised brecciated surface associated

with +4% Cu & 2 g/t Au geochemical anomaly)

Iron Duke (Regency Resources 2006)• 1 m @ 1.37% Cu

Bundarra EPM 26499 ADVANCED STAGED EXPLORATION


PROSPECT

PRAIRIE CREEK EPM 26852 APPLICATION

MOUNTAIN VIEW

T0RSDALE

GOSSAN WEST

PRAIRIECREEK

TARRAMBACREEK

91% DUKE: 9% CAPGOLD PTY LTD (CAPGOLD FREE CARRIED TO BFS )

(ADVANCED STAGE EXPLORATION)


PRAIRIE CREEK EPM 26852 (APPLICATION)

➢ Tenement covers numerous historical occurrences of gold mineralisation associated with Grandore granitic complex and Camboon Volcanics of the Auburn Arch.

➢ Located in established mineral province, between Theodore/Cracow (2 Moz Au) and Mt Morgan (9 MozAu).

➢ Encompasses prospective area now recognised for both low and high sulphidation styles of epithermal gold mineralisation and porphyry gold and copper mineralisation.

➢ Heads of Agreement with Capgold Pty Ltd, which provides 9% free carried interest up to BFS.


15

Drilling intersecting from surface:

52 m @ 2.1 g/t including:• 10 m @ 3.2 g/t • 6m @ 6.5 g/t Au.

PRAIRIE CREEK EPM 26852 (APPLICATION)

➢ Environmental Approval finalised

➢ Bond finalised and paid

➢ Exploration work program approved

➢ Native Title advertising in progress

➢ Permit to be issued after Native Title Notification


➢ Highly ranked IOCG Cu-Co-Au.

➢ EPM 25784 anomalous magnetic data with potential for IOCG mineralisation.

➢ 3D geology modelled and drill ready targets generated.

❖ Archer – Identified Cu-Au-Co mineralised zones to be drilled.

❖ Jasper – known zones to be extended.

➢ Close to Cloncurry, producing mines and infrastructure. (e.g. Ernest Henry Mines Total reserve + resource prior to the commencement of mining in 1998 was 166 Mt @ 1.1% Cu, 0.54 g/t Au.

CLONCURRY EPM 19253 & 25784 IRON OXIDE COPPER GOLD (IOCG) TARGETS

Archer Prospect

Jasper Prospect

Oonoomurra Prospect

(100% DUKE)


Highly ranked IOCG target. Rock and soil Cu anomaly, magnetic and IP chargeability highs. Historical drilling:

• 10 m @ 1.65% Cu, 0.16 g/t Au

• 10 m @ 1.26% Cu, 0.19 g/t Au

• 5.1 m @ 2.15% Cu, 0.2 g/t Au

• 10 m @ 0.15% Co

Highly ranked IOCG target. Magnetic and IP chargeability highs. Historical drilling:

• 10 m @ 1.44% Cu, 0.59 g/t Au

CLONCURRY EPM 19253 & 25784(100% DUKE)


➢ 3D interpretation maps multiple ore grade zones that could represent a significant steeply dipping orebody.

➢ Host immediate drill targets associated with previous encouraging cobalt intersections.

HOLE ID FROM (M) TO (M) INTERVAL (M) CO PPM

CA002RC 0 2 2 1060

CA008D 146 147 1 1440

CA008D 149 150 1 1040

CA008D 156 157 1 1050

CA009D 304 305 1 1070

CA009D 306 307 1 1160

CA009D 316 326 10 1546

CA009D 354 355 1 2160

CLONCURRY EPM 19253: ARCHER PROSPECT


• EL 8568 is 100% held by Duke and associated with porphyry style copper-gold mineralisation, within the Lachlan Fold Belt.

• Targeting Cadia look-alikes (37 M oz Au, 7.5 Mt Cu).

• Surface results including 0.17% Cu, 11.5 g/t Au support base metal and gold mineralisation

• Historical workings highlight potentially multiple mineralisation styles including skarn, epithermal and VMS which may be related to buried porphyry intrusive sources.

• Magnetic images reveals a number of circular and sub-circular magnetic anomalies indicative of buried intrusions, (porphyries) and associated potential epithermal and skarn targets.

• These will be the focus of 3D data analysis targeting prior to drilling.

RED HILL EL 8568 (100% DUKE)


Magnetic image analysis reveals a number of circular and sub-circular magnetic anomalies indicative of buried intrusions.

Clustering of potential intrusions consistent with base metal endowment along major NNW trending geological boundary in EL 8568.

RED HILL EL 8568 : PORPHYRY POTENTIAL (100% DUKE)

Mineral PotentialMap


21

COOMERANG EL 8539• EL 8539 lies near the Gilmore Suture Zone, 5-15 km south of

the Adelong Gold Field.

• The Gilmore Suture Zone is a major geological structure traversing the Lachlan Fold Belt and is associated with significant gold endowment.

• Specifically associated with:

• Mineral Hill (1 Moz)

• Cowal (6 Moz)

• Gidginbung/Temora (4 Moz)

• Adelong/Mt Adrah (1 Moz)

• EL 8539 contains untested drill targets associated with historical gold workings, identified along 12 km+ strike length within the tenement.

Coomerang X

(100% DUKE)

22

• Duke has a 10% free carried interest (to BFS) in four granted

tenements in NSW targeting Cu-Au porphyry systems owned and

explored by Emmerson Resources *, which recently completed a

$2 million raising.

• Announcements by ERM in June 2018 regarding Fifield (EL

8464) describe that, based on mapped intrusives, including

rock chip and auger sampling indicate copper-gold

anomalism:

• This EL has “the hallmarks of an early stage porphyry

copper-gold discovery”.

• Drilling targets aimed at testing new concepts are potentially

eligible for state and federal exploration incentive funding

contributions.

EMMERSON NSW: Porphyry Copper Targets

*Wholly owned Lachlan Resources

ERM TENEMENTS

• Exploration Licence No 8590 (Kiola)

• Exploration Licence No 8463 (Wellington)

• Exploration Licence No 8464 (Fifield)

• Exploration Licence No 8652 (Temora)


Emmerson Resources

Duke Exploration


KEY SEED INVESTORS:

• Westrade, Perth based investor.

• Tuia Group, commercial consulting and law firm.

• Wellington, NZ investors (Wellypreneurs).

• M. Stokes and Dr G. Partington (Kenex founders).

• CORNERSTONE TBA.

SHARE STRUCTURE PRE IPO

PLACEMENT OFFER:

• Shares rank equally.

• Intention is to undertake IPO @ 20cps Q1 2019.

SHAREHOLDINGS % SHAREHOLDINGS

VENDORS 6,696,497 28%

SEED INVESTORS 12,500,000 55%

EQUITY FOR SERVICES 4,162,500 17%

CORNERSTONE - 0%

TOTAL 23,358,997 100%

24

Indicative Capital Structure: Post IPO

ESTIMATE SHAREHOLDINGPOST-IPO

ESTIMATED % SHAREHOLDING POST-IPO

VENDORS 6,696,500 15%

SEED INVESTORS 12,500,000 27%

EQUITY FOR SERVICES 4,162,500 9.%

IPO 22,500,000 49%

CORNERSTONE - 0%

TOTAL 45,859,000 100%



Further Information

FOR FURTHER INFORMATION REFER TO OUR INFORMATION MEMORANDUM AND/OR CONTACT:

Eugene Iliescu, Managing [email protected]

Aus (+61) 0418 757 364

Toko Kapea, [email protected]

NZ (+64) 4 979 8270

Dr Ray ShawConsultant, Novus Capital Limited

Aus (+61) 0419403533

or visit Duke’s websitewww.duke-exploration.com.au

mailto:[email protected]

mailto:[email protected]

http://www.duke-exploration.com.au/

advanced exploration 1 · disclaimer duke exploration / investor presentation 2 •this...

Documents