Auravelle Metals Limited · ASX:AUV
Auravelle Metals — Sipa Resources — Investor Presentation (February 2011)
30 slides from Auravelle Metals's investor presentation, February 2011
Slide 1: Sipa Exploration Presentation February 2011
Sipa Resources Limited ABN 26 009 448 980 Sipa Resources Limited Sipa Exploration Presentation February 2011 Mike Doepel - Managing Director
Slide 2: Several years of systematic exploration now set up for Discovery 2011
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Several years of systematic exploration now set up for Discovery 2011
Slide 3: Snap Shot of Sipa
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Snap Shot of Sipa : Listed on the ASX September 1987 : 380 million shares on issue : largest shareholder 13 million Market Cap $35 million @ 9.2c : Range 15.5c to 9c (6 months) Dedicated successful explorer & gold miner 1998 - 2004
Slide 4: Sipa's Lead Projects – Woodline, Thaduna & Tennant Creek
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Sipa’s Lead Projects – Woodline, Thaduna & Tennant Creek are : Greenfields Exploration Plays, in 3 of Australia’s Hottest Exploration Areas
Slide 5: Sipa Projects in the Hottest Areas in Australia
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Sipa Projects In 3 of the Hottest Areas in Australia Woodline in Tropicana Tennant Creek Goldfield Gold Belt – AngloGold DeGrussa – Tennant Creek Ashanti – IGO 5Moz Conductor 1 Thaduna Feasibility Study Tropicana Thaduna near Doolg
Slide 6: Iterative greenfields exploration approach
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 By necessity, this type of Greenfields Exploration is ‘iterative’ – that is : systematic surface geochemistry may lead to anomalies that then need : reconnaissance scale RAB drilling may then lead to bedrock anomalies that need : ‘
Slide 7: Woodline and Thaduna now set up for deeper RC testing
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 In particular, both Woodline and Thaduna are : Now set up for deeper RC testing, whilst : Systematic, closer – spaced, RAB will continue, in order to outline more anomalies for deeper drilling
Slide 8: Excellent examples of iterative exploration
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Excellent Examples of this style of ‘iterative exploration are : Tropicana & De Grussa – 1,000’s of RAB holes, followed by deeper drilling ‘sytematic, methodical, thoughful & persistant exploration’ !
Slide 9: Woodline Gold & Base-metals Project
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Woodline Gold & Base-metals Project Sipa & Sipa – Comet & Sipa – Image: ~ 800 sq km AngloGold Ashanti - Independence: ~ 23,000 sq km
Slide 10: Woodline Gold & Base-metals Project
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Woodline Gold & Base-metals Project EAST TROPICANA AngloGold Ashanti - Independence TROPICANA Tropicana – 5 MOZ gold Beachcomber – 3m @ 66 g/t gold CORVETTE Corvette Resources – 3m @ 40 g/t gold BEACHCOMBER Beadell Resources – 15m
Slide 11: Woodline Project
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Woodline Project Socrates Auger drilling to date – about Leucippus 15,000 samples Theofrastos Heraclitus Ommaney Auger gold Lila anomaly image Cleanthes
Slide 12: Woodline Project
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Woodline Project RC in March 2011 at : Northern Theofrastos Heraclitus Ommaney RAB in March 2011 at : Theofrastos Heraclitus Cleanthes Lila Leucippus
Slide 13: Heraclitus – Theofrastos Prospects
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Heraclitus – Theofrastos Prospects Starting to see gold > 1 g/t in Tropicana-style ‘lodes’
Slide 14: Tropicana 'true greenfields' Gold Discovery
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Tropicana ‘true greenfields’ Gold Discovery AngloGold – IGO proposed open cuts for 5 MOZ Tropicana Gold Deposits Most of 5 MOZ fits in 2km of strike
Slide 15: Woodline Project – Theofrastas & Heraclitus
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Woodline Project – Theofrastas & Heraclitus Gold in bottom-of-hole RAB > 50 ppb to 3m @ 1.6 g/t gold Tropicana at same scale
Slide 16: Beadell Resources's East Tropicana Gold Prospect
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Beadell Resources’s East Tropicana Gold Prospect BDR – 23 July 2009 ASX Release Perseverance to follow-up results like 3m @ 102 ppb Au, led to:
Slide 17: Beadell Resources's East Tropicana Gold Prospect
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Beadell Resources’s East Tropicana Gold Prospect BDR – 5 January 2011 ASX Release 15m @ 24.8 g/t Au
Slide 18: Socrates Prospect
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Socrates Prospect ? Golden Mile - Kanowna Belle styles of mineralisation up to 10 g/t from this outcrop & 22m @ 3 g/t in drillhole - 2007
Slide 19: Socrates Prospect
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Socrates Prospect RAB & RC drillholes on gold-in-soil contours & RC drill section A – A’
Slide 20: Socrates Prospect
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Socrates Prospect December 2010 Quarter RC holes with earlier drilling, showing: Lodes (> 0.05 g/t Au) Shoots (> 1 g/t Au) More RC planned
Slide 21: Thaduna & Yerrida Basemetal Projects
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Thaduna & Yerrida Basemetal Projects Location: Well located with respect to : Sandfire Gas Pipeline Great Northern Highway Recently completed 22,000m RAB & commenced deep DDH at Thaduna Plans for drilling at Yerrida - March
Slide 22: Mount Isa Copper Model Key Criteria
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Mount Isa Copper Model Key Criteria Copper rich source rocks 9 High heat flow to power long lived hydrothermal systems 9 Major Structures (basin bounding faults reactivated by later deformation) 9 Black shales and dolomitic
Slide 23: Other Deposit Styles
Sipa Resources Limited ABN 26 009 448 980 Presentation February 2011 Other Deposit Styles It is worth remembering that a model that targets SEDEX major structures metal rich source rocks large hydrothermal systems reduced sedimentary strata IOCG may lead to the discovery of other deposit (Go
Slide 24: Thaduna Project & Sandfire's Doolgunna Project
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Thaduna Project & Sandfire’s Doolgunna Project Copper ‘smoke’ of old mines & 30k of Jenkin Fault in Sipa’s tenements
Slide 25: Sandfire's Doolgunna Project
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Sandfire’s Doolgunna Project DeGrussa – Conductor 1 & 4 drill section Recent Resource: 10.7 million tonnes grading: 5.6% Cu 1.9 g/t Au 15 g/t Ag Incl. new Conductor 5 lens
Slide 26: DeGrussa 'true greenfields' Discovery
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 DeGrussa ‘true greenfields’ Discovery Discovery RAB Hole DGRB 2,233 - 10m @ 5.7 g/t Au between March – June 2008 Discovery RC Hole DGRB 101 - 22m @ 3.6% Cu, 3.8 g/t Au & 18m @ 2.9% Cu 18 May 2009
Slide 27: Thaduna Project
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Thaduna Project Johnsons Cairn Prospect: 8km Cu – Au, Jenkin Fault Magnetic Anomaly: Basaltic volcanics – ? DeGrussa type Many RAB & Auger Cu Anomalies ( 2005 – 2010):
Slide 28: Strategy 2011
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Strategy 2011 : Aggressive exploration at Woodline, Thaduna & Tennant Creek to mid 2011 : Discovery changes, Market Profile & Ability to Fund : If not – still able to ‘Farm Out’ – because of address, potential, size of properties &
Slide 29: Thaduna Project
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 Thaduna Project 6,279 shallow geochemical holes since 2006 RC Targets March 2011 RAB/Aircore follow-up of at least 14 targets April, before deeper RC drilling
Slide 30: In Conclusion
Sipa Resources Limited Presentation February 2011 ABN 26 009 448 980 In Conclusion Projects in three of Australia’s hottest exploration spots Drilling activity – March & on: RC, RAB @ Woodline March: RC @ Yerrida & Thaduna April – May: RAB @ Thaduna, then RC May/June: RAB @ Tennant Creek Well funded
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