Stavely Minerals Ltd · ASX:SVY
Stavely Minerals — RIU Explorer's Conference 2019
46 slides from Stavely Minerals's conference presentation, Feb 20, 2019
Slide 1: Knocking on the Door to Discovery in Western Victoria
For personal use only Knocking on the Door to Discovery in Western Victoria (and Queensland, and Tasmania) RIU Explorer’s Conference 2019
Slide 2: Disclaimer
STAVELY MINERALS For personal use only Disclaimer This presentation contains only an overview of Stavely Minerals Limited (“Stavely" or the “Company”) and its activities and operations. The contents of this presentation, including matters relating to the geology and exploration potential of the Comp
Slide 3: For personal use only
STAVELY MINERALS For personal use only ASX Code – SVY Shares on Issue – 156M Share Price - $0.31 Market Cap - $48.4M Cash (31/12/18) - $2.3M* Management & Staff ~38% equity *Excludes Titeline Drilling agreement and Victorian Gov’t co-funding $0.40 1,200,000 Directors Volume Close $0.35 1,000,000 Chr
Slide 4: Take Away Messages
TAKE AWAY MESSAGES For personal use only 1. Stavely provides good value for investors – currently ~80% of expenditure is ‘in the ground’ 2. Stavely is well in the hunt for a copper-gold porphyry at Thursday’s Gossan 3. These porphyries are amongst the largest gold deposits in the world 4. Drill-read
Slide 5: Projects
For personal use only PROJECTS
Slide 6: Victorian Project Locations
VICTORIAN PROJECT LOCATIONS For personal use only The Ararat Project is prospective for VMS base metals-gold and ‘Stawell- style’ gold mineralisation. The Stavely, Yarram Park and Black Range Projects are prospective for ancient porphyry copper-gold and VMS base metals-gold mineralisation.
Slide 7: Queensland Project Location
QUEENSLAND PROJECT LOCATION For personal use only The Ravenswood Project is prospective for: • porphyry copper-moly-gold, • quartz-sulphide vein-hosted gold • breccia-hosted gold mineralisation • epithermal gold • VMS copper-gold 2 drill-ready targets to be tested in March 2019
Slide 8: Tasmania Project Location
TASMANIA PROJECT LOCATION For personal use only The Mathinna Project is prospective for: • quartz-sulphide vein-hosted gold Produced ~300,000 ounces of gold at an average grade of 26g/t gold* *see ASX announcement 26 November 2018, available from www.stavely.com.au
Slide 9: Mineral Resources
MINERAL RESOURCES1 For personal use only At the Ararat Project, hosted in a Besshi-style VMS: • Inferred Mineral Resources of 1.3Mt at 2.0% copper, 0.5 g/t gold, 0.4% zinc and 6 g/t silver for 30kt of contained copper At the Stavely Project hosted in a secondary chalcocite- enriched blanket: • Infer
Slide 10: Porphyry Discovery Opportunities: Thursday's Gossan, Mount Stavely and Others
For personal use only PORPHYRY DISCOVERY OPPORTUNITIES: THURSDAY’S GOSSAN, MOUNT STAVELY AND OTHERS
Slide 11: Stavely Volcanic Belt
STAVELY VOLCANIC BELT For personal use only Stavely has the largest and most strategic tenement holding in the belt • Thursday’s Gossan porphyry • Toora West porphyry prospect • Junction porphyry • Mount Stavely porphyry • Fairview Gold prospect • Wickliffe VMS prospect • Patanga copper prospect Jus
Slide 12: Thursday's Gossan Chalcocite Blanket
THURSDAY’S GOSSAN PORPHYRY For personal use only Thursday’s Gossan Chalcocite Blanket Inferred Mineral Resources of 28Mt at 0.4% copper for 110kt of contained copper
Slide 13: This Time Last Year…
THURSDAY’S GOSSAN PORPHYRY For personal use only This Time Last Year… ➢ Drilling had focussed on two parallel copper-gold mineralised trends at the northern end of the chalcocite blanket
Slide 14: This Time Last Year…
THURSDAY’S GOSSAN PORPHYRY For personal use only This Time Last Year… ➢ Drilling had focussed on two parallel copper-gold mineralised trends at the northern end of the chalcocite blanket ➢ 4 x fences of 5 RC drill holes ▪ Many required diamond drill ‘tails’
Slide 15: Thursday's Gossan RC Drilling (north section)
THURSDAY’S GOSSAN PORPHYRY For personal use only Thursday’s Gossan RC Drilling (north section) Shallow RC drill results: ➢ 64m at 0.40% copper and 0.19g/t gold, including o 29m at 0.53% copper and 0.3g/t gold to end of hole ➢ 11m at 0.49% copper and 0.29g/t gold, and A number of RC drill holes stopp
Slide 16: Thursday's Gossan Diamond Tails (north section)
THURSDAY’S GOSSAN PORPHYRY For personal use only Thursday’s Gossan Diamond Tails (north section) RC drill holes continued / twinned with diamond drill ‘tails’. Diamond drill results: ➢ 124m at 0.31% copper and 0.12g/t gold, and ➢ 53m at 0.37% copper and 0.15g/t gold, including ▪ 23m at 0.57% copper
Slide 17: Additional diamond drill results
THURSDAY’S GOSSAN PORPHYRY For personal use only Additional diamond drill results: • 314m at 0.11% copper • 283m at 0.16% copper • 194m at 0.16% copper • 85m at 0.35% copper and 0.18g/t gold • 124m at 0.31% copper and 0.12g/t gold • 92m at 0.34% copper and 0.12g/t gold, incl • 30m at 0.50% copper an
Slide 18: Porphyry 'M' veins and high-sulphidation veins
For personal use only Porphyry ‘M’ veins and high- sulphidation veins (now we are close, very close)
Slide 19: Magnetite veins intercepted in SMD015
THURSDAY’S GOSSAN PORPHYRY Magnetite veins intercepted in SMD015 could be far more For personal use only important as a proximal indicator to mineralisation +120m intercept of classic porphyry ‘M’ veins: ➢ Typical of gold-rich porphyries ➢ Veins in this photo are similar to the E-1A ‘M’ veins at Cad
Slide 20: Magnetite veins as a proximal indicator to mineralisation
THURSDAY’S GOSSAN PORPHYRY Magnetite veins intercepted in SMD015 are important as a For personal use only proximal indicator to mineralisation The veins in this photo are similar to the Cadia Ridgeway E-1B ‘M’ veins see ASX announcement 12/01/2018 and available from www.stavely.com.au
Slide 21: Results from sulphide veins in SMD015
THURSDAY’S GOSSAN PORPHYRY For personal use only Results from sulphide veins in SMD015: ➢ 9m of 2.62% copper and 0.28g/t gold, including • 4m of 5.41% copper and 0.35g/t gold, including ▪ 1m at 14.75% copper and 0.33g/t gold ➢ 4m at 5.85% copper and 0.27g/t gold, including • 1m at 10.75% copper and
Slide 22: SMD017
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD017 ➢ 80m interval of porphyry ‘M’ veins from 408m to 488m – below the LAS • also with early porphyry ‘A’ veins ➢ The ‘M’ veins in SMD017 display similarities to the Cadia Ridgeway barren E-1A and E-1B veins but – importantly also the E-2 laminated
Slide 23: SMD026
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD026 ➢ Intercepted another major structure below the LAS ➢ The north-south (NS) structure has a component of dextral strike-slip ➢ Higher grades of gold encountered: ➢ 1m at 5.68g/t gold west ➢ 28m at 0.21% copper and 0.27g/t gold, side including no
Slide 24: SMD042
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD042 ➢ Drilled just prior to Christmas ➢ Intercepted the NS structure 225m earlier than expected ➢ Required a re-think of the structural geometries 1. The LAS was not mineralised to the north but was to the south 2. The NS structure is mineralised w
Slide 25: SMD044 (as at last week…)
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD044 (as at last week…) ➢ Intercepted 110m of chalcopyrite mineralisation, of which ➢ 40m of mixed chalcopyrite and bornite mineralisation (assays early March?) ➢ The character is copper lode-style mineralisation with hematite, specular hematite, ma
Slide 26: SMD044 (in-progress)
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD044 (in-progress) Anhydrite-pyrite-chalcopyrite vein at 589m Anhydrite stockwork veining with well- developed chalcopyrite at 622.6m see ASX announcement 11/02/2019 and available from www.stavely.com.au
Slide 27: SMD044 (as at this week…)
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD044 (as at this week…) ➢ Intercepted 110m of chalcopyrite mineralisation, of which ➢ 40m of mixed chalcopyrite and bornite mineralisation (assays early March?) ➢ On the NSS, has intercepted ~40m of high- grade bornite-chalcocite copper mineralisati
Slide 28: SMD044 (in-progress)
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD044 (in-progress) Silica-pyrite mineralisation cut by bornite-chalcocite at 924.3m see ASX announcement 18/02/2019 and available from www.stavely.com.au
Slide 29: Copper Lode Structure (CLS)
THURSDAY’S GOSSAN PORPHYRY For personal use only Copper Lode Structure (CLS) ➢ Intercepted in a couple of holes: ➢ STRC019D – 3m at 2.65% copper and 1.17g/t gold ➢ SMD015 - 9m of 2.62% copper and 0.28g/t gold, including • 4m of 5.41% copper and 0.35g/t gold, including ▪ 1m at 14.75% copper and 0.33g
Slide 30: SMD032
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD032 ➢ Intercepted major sulphide veins ➢ Copper Lode style in character – means it is above a porphyry ➢ Highest grades yet encountered: • 63m at 0.84% copper and 0.11g/t gold, including o 6m at 6.73% copper, 0.84g/t gold, including ▪ 1m at 22.8% c
Slide 31: Copper Lode-style mineralisation from 542.5m
THURSDAY’S GOSSAN PORPHYRY For personal use only Copper Lode-style (think Magma Mine veins) pyrite-chalcopyrite-bornite-covellite-chalcocite mineralisation from 542.5m – note the chalcocite occurs as late network veins within the more massive sulphides see ASX announcement 19/01/2019 and available f
Slide 32: Copper Lode Structure
THURSDAY’S GOSSAN PORPHYRY For personal use only Copper Lode Structure These structures are very important: 1. They are a genuine exploration target in their own right – high grade, intercepted over 400m vertically and ~500m along strike – an analogy would be the Magma Mine, Superior Arizona 2. They
Slide 33: Magma Mine and the Resolution Porphyry
THURSDAY’S GOSSAN PORPHYRY For personal use only Magma Mine and the Resolution Porphyry Can follow the Magma copper lode veins to the porphyry
Slide 34: Takeaway Messages
TAKEAWAY MESSAGES For personal use only 1. An undiscovered copper-gold porphyry exists at Thursday’s Gossan 2. They are amongst the largest gold deposits in the world 3. At 500Ma of age, it’s structurally complicated 4. We remain confident we will find it 5. We can’t tell you what the size and grade
Slide 35: Mount Stavely
For personal use only MOUNT STAVELY
Slide 36: Stavely Project
STAVELY PROJECT For personal use only Mount Stavely Prospect Both Thursday’s Gossan and Mount Stavely are expressed as lows in the gravity data
Slide 37: Stavely Project
STAVELY PROJECT For personal use only Mount Stavely Prospect MSD001 (the first drill hole ever into Mount Stavely)
Slide 38: Stavely Project
STAVELY PROJECT For personal use only Mount Stavely Prospect MSD001 (the first drill hole ever into Mount Stavely) ✓ Quartz-carbonate veins with chalcopyrite rimmed by bornite ✓ Hematite alteration ✓ There’s another porphyry out there…. see ASX announcement 18/12/2018 and available from www.stavely.
Slide 39: Queensland
For personal use only QUEENSLAND
Slide 40: Queensland Projects
QUEENSLAND PROJECTS For personal use only Connolly Prospect, Ravenswood Rock-chips results: • 36.6g/t gold • 14.8g/t gold • 12.75g/t gold ✓ Similar to the Sarsfield deposit at Ravenswood Gold Mine (15km away) ✓ Drill-ready for late March see ASX announcement 17/07/2018 and available from www.stavely
Slide 41: Tasmania
For personal use only TASMANIA
Slide 42: Mathinna Gold Project
MATHINNA GOLD PROJECT For personal use only
Slide 43: Mathinna Gold Project
MATHINNA GOLD PROJECT For personal use only To closure in 1932, the Mathinna Goldfield produced circa 300,000 ounces of gold at an average grade of 26g/t gold* ✓ Vertically extensive high-grade gold mineralisation ✓ Very little modern work done since ✓ Stavely granted priority rights for application
Slide 44: Take Away Messages
For personal use only TAKE AWAY MESSAGES
Slide 45: Take Away Messages
TAKE AWAY MESSAGES ✓ Stavely Minerals is well in the chase for a copper-gold porphyry at For personal use only Thursday’s Gossan ✓ Results to date are great but we are not yet in the sweet spot and grades should be very attractive when we do get there ✓ We are confident we will find it ✓ Drilling on
Slide 46: Thank You
STAVELY MINERALS For personal use only Thank You Contact Us: Stavely Minerals Limited Level 1, 168 Stirling Highway Nedlands WA 6009 www.stavely.com.au info@stavely.com.au Ph: 08 9287 7630 The information in this presentation is extracted from information available to view on www.stavely.com.au. The