Stavely Minerals Ltd · ASX:SVY
Stavely Minerals — Noosa Mining Conference 2019
41 slides from Stavely Minerals's conference presentation, Jul 19, 2019
Slide 1: Noosa Mining Conference
For personal use only NOOSA MINING CONFERENCE July 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: Stavely Minerals corporate snapshot
STAVELY MINERALS For personal use only ASX Code – SVY Shares on Issue – 181.3M Share Price - $0.23 Market Cap - $41.7M Cash (31/03/19) - $0.76M* Management & Staff ~30% equity *Excludes $4.2m raising / SPP, $2m drilling fund and $0.5m Victorian Gov’t co-funding $0.40 2,000,000 Directors Volume Close
Slide 4: Stavely Minerals Business Units
STAVELY MINERALS BUSINESS UNITS For personal use only Two main business units: 1. Exploring for giant copper-gold porphyries in western Victoria ➢ Thursday’s Gossan with recent drill intercepts including: • 952m at 0.23% copper*, including • 10m at 2.43% copper and 0.30g/t gold, and • 38.3m at 1.59%
Slide 5: Business units reflect two resource market thematics
STAVELY MINERALS BUSINESS UNITS For personal use only Stavely’s business units reflect two strong resource market thematics: 1. Tier 1 copper-gold porphyry ✓ July 2013 – China Molybdenum Co Ltd buys 80% of the North Parkes copper-gold porphyry assets from Rio Tinto for US$820m ✓ March 2019 – Newcres
Slide 6: Projects
For personal use only PROJECTS
Slide 7: 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, ‘Block 3’, Yarram Park and Black Range Projects are prospective for ancient porphyry copper-gold and VMS base metals-gold mineralisation
Slide 8: 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 targets have been drill tested in April 2019 – assays pending
Slide 9: Tasmania Project Locations
TASMANIA PROJECT LOCATIONS 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 10: 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 11: 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 12: 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 Rec
Slide 13: Thursday's Gossan Porphyry
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 Shock!! silver and gold often not assayed but known to be there ✓ Rail line crosses the project and goes direct to a deep water port
Slide 14: Thursday's Gossan Porphyry: 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 – eg: ❖ 7.7m at 4.1% copper and 1.1g/t gold ❖ 9.5m at 2.9% copper and 0.4g/t gold ❖ 32m at 0.8% copper and 0.4g/t g
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: What are 'normal' porphyry grades?
What are ‘normal’ porphyry grades? For personal use only Cadia East Underground Indicated Mineral Resource (Newcrest, 2018): 2.9Bt at 0.26% copper and 0.36g/t gold (34 million ounces of gold and 7.6 million tonnes of copper) Red Chris Measured and Indicated Mineral Resources (Imperial Metals, 2012):
Slide 19: SMD042 and SMD044
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD042 and SMD044 ➢ 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 structur
Slide 20: SMD044
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD044 ➢ Large low-grade intercept of 952m at 0.23% copper – reflects a very large system ➢ Included 70m of chalcopyrite mineralisation – 70m at 0.51% copper including: • 10m at 2.43% copper and 0.30g/t gold ➢ Intercepted another interval of chalcopyr
Slide 21: SMD044 mineralisation
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD044 Silica-pyrite mineralisation cut by bornite-chalcocite at 924.3m see ASX announcement 18/02/2019 and available from www.stavely.com.au
Slide 22: SMD044W1
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD044W1 ➢ Large low-grade intercept of 393m at 0.32% copper ➢ Intercepted another interval of chalcopyrite- bornite-chalcocite-covellite mineralisation: • 18m at 3.62% copper, 0.28g/t gold and 15g/t silver, including o 7m at 7.74% copper, 0.46g/t gol
Slide 23: SMD044W1 – 392m at 0.32% copper
STAVELY MINERALS For personal use only SMD044W1 – 392m at 0.32% copper incl. • 18m at 3.62% Cu, 0.28g/t Au and 15g/t Ag, including: • 7m at 7.74% Cu, 0.46g/t Au and 32g/t Ag, including: • 2m at 15.7% Cu, 1.07g/t Photo 1. Pyrite vein with bornite-covellite-chalcocite(+-digenite) veining at 859.0m in
Slide 24: Copper Lode Splay (CLS)
THURSDAY’S GOSSAN PORPHYRY For personal use only Copper Lode Splay (CLS) Intercepted in a couple of shallower holes: ➢ STRC019D – 3m at 2.65% copper and 1.17g/t gold ➢ SMD015 - 9m of 2.62% copper and 0.28g/t gold from 248m, including • 4m of 5.41% copper and 0.35g/t gold, including ▪ 1m at 14.75% co
Slide 25: Copper Lode-style mineralisation in SMD032
THURSDAY’S GOSSAN PORPHYRY For personal use only Copper Lode-style (think Magma Mine veins) pyrite-chalcopyrite-bornite-covellite-chalcocite mineralisation from 542.5m in SMD032 – note the chalcocite occurs as late network veins within the more massive sulphides see ASX announcement 18/12/2018 and a
Slide 26: Copper Lode Splay
THURSDAY’S GOSSAN PORPHYRY For personal use only Copper Lode Splay 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 or the vein
Slide 27: 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 Resolution copper porphyry: 1.8Bt at 1.53% copper (Rio Tinto, 2018)
Slide 28: Animation: Following the Indicators to the Porphyry
THURSDAY’S GOSSAN PORPHYRY For personal use only Animation: Following the Indicators to the Porphyry In the plane of the structures the high-grade copper-gold-silver mineralisation clearly reflects a steep southerly plunge to the mineralisation. Additionally, and not confined to the structures, a se
Slide 29: Animation can be viewed on the company's website
ANIMATION CAN BE VIEWED ON THE COMPANY'S WEBSITE For personal use only WWW.STAVELY.COM.AU
Slide 30: Mount Stavely
For personal use only MOUNT STAVELY
Slide 31: Mount Stavely Prospect
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 32: Mount Stavely Prospect: MSD001
STAVELY PROJECT For personal use only Mount Stavely Prospect MSD001 (the first drill hole ever into Mount Stavely) intercepts chalcopyrite and bornite
Slide 33: Mount Stavely Prospect: MSD001 results
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 ✓ K-spar and hematite alteration, transitional potassic ✓ There’s another porphyry out there…. see ASX announcement 18/12/20
Slide 34: Tasmania
For personal use only TASMANIA
Slide 35: Mathinna Gold and Beaconsfield
MATHINNA GOLD AND BEACONSFIELD 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 and available from www.stavely.com.au
Slide 36: Mathinna Gold Project
MATHINNA GOLD PROJECT For personal use only
Slide 37: Mathinna Goldfield
MATHINNA GOLD PROJECT For personal use only Mathinna Goldfield 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 rig
Slide 38: Mathinna Goldfield: ERA1118 granted
MATHINNA GOLD PROJECT For personal use only Mathinna Goldfield Stavely (Tasmania) has just also been granted ERA1118 (68km2) covering the remainder of the high-grade Mathinna Goldfield not covered by EL19/2018 *see ASX announcement 26 November 2018 and 22 March 2019, available from www.stavely.com.a
Slide 39: Take Away Messages
For personal use only TAKE AWAY MESSAGES
Slide 40: Take Away Messages
TAKE AWAY MESSAGES For personal use only Copper-Gold Porphyry Assets ✓ Stavely Minerals is well in the chase for a copper-gold porphyry at 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 ✓ Drilling is progre
Slide 41: 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