Estrella Resources Limited · ASX:ESR
Estrella Resources — Investor Presentation (December 2020)
17 slides from Estrella Resources's investor presentation, Dec 9, 2020
Slide 1: Unlocking Carr Boyd's Massive Nickel Sulphide Potential
For personal use only UNLOCKING CARR BOYD’S MASSIVE NICKEL SULPHIDE POTENTIAL NEW WORLD METALS PRESENTATION I DECEMBER 2020 I ASX:ESR
Slide 2: Disclaimer & Declaration
Disclaimer & Declaration For personal use only This presentation has been prepared by Estrella Resources Limited (“ESR”) as a summary of the company’s exploration and development activities, with particular reference to the Carr Boyd Ni/Cu Project near Kalgoorlie, WA. No Offer of Securities The pres
Slide 3: Investment Opportunity
Investment Opportunity For personal use only Diverse WA-based company focused on exploration & development of nickel projects in a Tier-1 mining jurisdiction 100% owned Carr Boyd project – close to major infrastructure and only 80km NNE of Kalgoorlie T5 prospect – initial drilling programs hav
Slide 4: Capital Structure (as at December 2020)
Capital Structure (as at 7 December 2020) For personal use only FPOS - 884,276,314 Major Shareholders Options - 11,500,000 3c exercise Nov 2022 - 5,500,000 5c exercise May 2021 • Directors / Management 12% - 4,850,000 20c exercise Nov 2023 - 230,790,662 5c exercise June 2021 (ASX:ESRO) - 274,144,985
Slide 5: Carr Boyd - Overview
For personal use only Carr Boyd - Overview • 100% owned Ni/Cu Project • Continuous tenure covering 259 sq.km • Close to infrastructure & only 80km NNE of Kalgoorlie • Project comprises 3 Mining Licences, 6 Exploration Licences & 1 Miscellaneous Licence • Covers Carr Boyd Layered Complex – a 75 sq.km
Slide 6: Carr Boyd - History
Carr Boyd - History For personal use only GBM and NK Placed into new ASX Pallinghurst sell Apollo sell Carr acquired by WMC, float Defiance Mining Titan JV to Yilgarn WA assets to Salt Boyd to Estrella mined from 1973- (1987) additional Mining (2006) Lake Mining Resources (2017) 1977 areas consolida
Slide 7: Carr Boyd – Mine
Carr Boyd – Mine Source? For personal use only Mined from 1973 to 1977 by WMC • Total production: 202,100t at 1.43% Ni and 0.46% Cu producing a 9.7% Ni concentrate • High tenor nickel mineralisation is confined to coarse grained, bronzite pyroxene rich rocks with sulphide minerals forming a matrix a
Slide 8: Carr Boyd Layered Complex
Carr Boyd Layered Complex For personal use only • Strike extents at Carr Boyd have been under-explored due to historically fractured ownership and unique geology • The Carr Boyd Layered Complex was the first magmatic hosted nickel sulphide deposit discovered and mined in WA • Historically the region
Slide 9: Carr Boyd – New Targets
Carr Boyd – New Targets For personal use only • Previous explorers only tested the obvious targets at shallow depths • Modern exploration techniques have been employed looking for deeper targets • High Powered Moving Loop Transient Electro-Magnetic surveying and extensive geochemical auger drilling
Slide 10: Carr Boyd – Target (T5)
Carr Boyd – Target 5 (T5) For personal use only • HPMLTEM survey completed in 2018-2019 identified the T5 anomaly • RC drilling program (2 holes for 414m) was completed to test T5 • DHTEM completed on both holes confirming in-hole source of the intersected nickel sulphides • FLTEM completed over T5
Slide 11: T5 – RC Drilling
T5 – RC Drilling For personal use only RC Drilling consisted of 2 holes for 414m (2019) • Intersected 1st nickel mineralisation at T5 • 8m @ 1.11% Ni & 0.36% Cu from drill hole CBP042 • includes 4m @ 1.60% Ni & 0.31% Cu from matrix sulphide zone • 1m @ 0.61% Ni & 0.57% Cu from drill hole CBP043 • Mi
Slide 12: T5 – Diamond Drilling
For personal use only T5 – Diamond Drilling Diamond Drilling consists of 4 holes (2020) • Conducted at T5 for first time at depth and along strike • CBDD028 tested the Carr Boyd layered mafic-ultramafic intrusions contact zone ~25m down dip of CBP042 • Drilled to depth of 251m and successfully inter
Slide 13: T5 Massive Nickel Discovery
T5 Massive Nickel Discovery For personal use only • CBDD030 tested the intrusions contact 300m to the southern end of the T5 Prospect between recent drilling and anomalous historical drilling. • Significant drill intersection of massive Ni-Cu (+ PGE) bearing sulphides were returned • 2.9m intersecte
Slide 14: Large Conductive Body Defined at T5
For personal use only Large Conductive Body Defined at T5 • Down-Hole Transient Electro-Magnetic (DHTEM) surveyed CBDD030 to define the extent of the massive nickel sulphide mineralisation • DHTEM data defined a clear massive sulphide signature/conductor associated with the nickel mineralisation • C
Slide 15: Work Programme
Work Programme For personal use only • T5 - Area surrounding CBDD030 requires immediate follow • Topdrive Drillers (TDA) diamond drill rig has been retained up drilling • Local station owner assisting upgrade of site support • Stage 2 drilling will comprise 8-10 holes for ~5,000m of infrastructure R
Slide 16: Investment Opportunity
For personal use only Investment Opportunity Active nickel explorer in a tier-1 mining jurisdiction Target 5 massive nickel sulphide discovery – a game- changer! Focused on drilling to unlock T5 potential and build shareholder value Experienced board and management in exploration with innova
Slide 17: Contact
For personal use only Contact: Chris Daws Managing Director M: +61 8 9481 0389 E: info@estrellaresources.com.au
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