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High-Grade Battery Metals for Global Markets

Jon Dugdale, CEO, Golden Deeps Limited

High-Grade Battery Metals Projects:

Namibia

World Class Otavi-Mountain-Land Copper Belt:

  • ● Tsumeb Mine produced 30Mt @ 4.3% Cu, 10% Pb and 3.5% Zn

  • ● Kombat Mine produced 32Mt @ 2.21% Cu, 1.33% Pb, 4.4 g/t Ag

Brownfields copper-vanadium drilling and development studies:

  • ● Abenab high-grade vanadium (zinc-lead) resource metallurgical testwork.

  • ● Nosib high-grade copper-vanadium-lead drilling intersections from surface.

  • ● Khusib Springs high-grade production 300,000t @ 10% Cu, 584g/t Ag, open at depth, deeper drilling planned.

Australia

World Class Lachlan Fold Belt copper-gold district:

  • ● Havilah Copper-Gold: Extensive Cu anomalies - potential new discovery.

  • ● Tuckers Hill Gold: High-grade gold lode targets to be drilled.

Canada

Professor and Waldman High-Grade Cobalt-Silver Targets.

1 Tsumeb, Namibia. PorterGeo Database:www.portergeo.com.au/database/mineinfo.asp?mineid=mn290

2 Porter Geo Database:http://www.portergeo.com.au/database/mineinfo.asp?mineid=mn2905

1 Melcher, F. et. al. 2005. Geochemical and mineralogical distribution of germanium in the Khusib Springs Cu-Zn-Pb-Ag sulphide deposit, Otavi Mountain Land, Namibia.

Key Namibian High-Grade Copper-Vanadium (Pb, Zn, Ag) Projects

Nosib high-grade copper-vanadium-lead-silver project:

  • • Thick, high-grade, Intersections from surface.

  • • Open at depth (primary Cu-Ag) and along strike.

  • • Near term open-pit production target.

Abenab High-grade vanadium-lead-zinc project:

  • • Mining Study highlights potential for economic underground development.

  • • Two stage Processing Study in progress for:

    • - high-grade vanadium gravity concentrate, then,

    • - hydrometallurgical leaching to produce high-value vanadium products for VRFBs as well as lead, zinc and possibly copper by products.

Khusib Previously very high-grade copper-silver mine Springs • Recent production 300kt @ 10% Cu, 584g/t Ag1.

  • • Deeper targets for repeat of very-rich Cu-Ag shoot identified - to be drilled.

3 Melcher, F. et. al. 2005. Geochemical and mineralogical distribution of germanium in the Khusib Springs Cu-Zn-Pb-Ag sulphide deposit, Otavi Mountain Land, Namibia.

Nosib: High-grade Copper, Vanadium (and Lead) from Surface:

➢ Minor historical copper development.

➢ RC then diamond drilling produced exceptional copper, vanadium & lead intersections from surface:

- 53.52m @ 1.15% Cu, 0.62% V2O5, 3.49% Pb, 4.57 g/t Ag4 from surface

Incl. 25.74m @ 1.75% Cu, 1.17% V2O5, 6.57% Pb, 4.92 g/t Ag incl. 11.74m @ 2.67% Cu, 1.42% V2O5, 9.21% Pb, 7.12 g/t Ag incl. 2.00m @ 7.73% Cu, 0.07% V2O5, 10.1% Pb, 18.9 g/t Ag

-

45.70m @ 1.0% Cu, 0.72% V2O5, 2.8% Pb, 4.00 g/t Ag5 from surface, incl. 20.85m @ 2.0% Cu, 1.54% V2O5, 6.0% Pb, 7.7 g/t Ag incl. 12.10m @ 3.2% Cu, 2.54% V2O5, 9.8% Pb, 8.0 g/t Ag incl. 3.00m @ 6.3% Cu, 7.82% V2O5, 21.9% Pb, 6.4 g/t Ag

➢ Next steps:

  • • Low cost mining potential - open pit resource estimation.

  • • Drill-core and trial mining bulk sample for gravity concentration testwork.

  • • Hydrometallurgical leach testing to incorporate with Abenab Phase 2 studies for downstream, high-value vanadium production with copper, zinc and lead by-products.

NOSIB CROSS SECTION 80,990ME WITH KEY HIGH-GRADE INTERSECTIONS

  • 4 Golden Deeps Pty Ltd announcement 04 April 2022 "Exceptional Copper-Vanadium Intersection at Nosib"

  • 5 Golden Deeps Pty Ltd announcement 15 June 2021 "Nosib Exceptional Copper, Lead & Vanadium Intersections"

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Golden Deeps Ltd. published this content on 05 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 April 2022 23:31:03 UTC.