Star Minerals Ltd. · ASX:SMS
Star Minerals — Investor Presentation (March 2023)
19 slides from Star Minerals's investor presentation, March 2023
Slide 1: Corporate Presentation
Corporate Presentation STAR MINERALS - March 2023 1 ASX CODE: SMS
Slide 2: Why Star?
WHY STAR? • Focused on gold and copper • Gold resource, ready to bring into production quickly, plus active exploration efforts. • Rapid move towards mining (Low CAPEX model) • Strong support structure – backing from ASX: BYH and ASX: AVL means we can punch above our weight 2
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT To p 1 0 H o l d e r s : % ASX Code: SMS BRYAH RESOURCES LIMITED 20.54 MAGNOLIA ABSOLUTE RETURN FUND II PTY LTD 8.21 Ordinary Shares on 53,000,000 BUTTONWOOD NOMINEES 7.79 Issue JALEIN PTY LTD 5.13 RILUKIN HOLDINGS PTY LTD 4.67 Share Price A$0.07 CITICORP NOMINEES PTY LIMITED 3.97
Slide 4: Corporate Snapshot - Leaders
CORPORATE SNAPSHOT - LEADERS Greg Almond Geologist by profession with over 20 years experience in the mining industry in Australia and around Chief Executive Officer the world. B.Sc (Geology and Geography) Extensive experience in mining operation and exploration roles in open pit and underground min
Slide 5: Projects
PROJECTS • Advanced Tumblegum South Project, approximately 40km south of Meekatharra • Gold resource, ready to quickly bring into production • “Star of the East” historical mine acquisition complements existing resource • The 349km2 West Bryah Project approximately, 140km north of Inferred Mineral R
Slide 6: Operational Activities
OPERATIONAL ACTIVITIES Very rapid mobilisation to site: • Staff & Contractors mobilised to site 2 days after listing – and have kept up the pace Site Works: • TGS RC drilling: ⚬ 25 holes for 1,994m ⚬ 19 holes for 2,669m 6 • TGS DDH, with 397m drilled • Star of the East, 7 holes for 283m • Soil sampl
Slide 7: Tumblegum South Project
TUMBLEGUM Hole_ID Depth_From Depth_To Interval Au_ppm Total grams TGRC007 104 106 2 2.29 4.58 TGRC008 111 113 2 3.47 6.94 SOUTH PROJECT TGRC008 147 151 4 3.94 15.76 TGRC012 47 49 2 5.42 10.84 TGRC013 63 77 14 2.49 34.86 TGRC013 96 100 4 2.74 10.96 This incorporates both TGRC014 109 113 4 6.9 27.6 Tu
Slide 8: TGS Drilling
TGS DRILLING Inferred Mineral Resource 600,000 tonnes @ 2.2 g/t Au for 42,500 ounces gold Collars, drillhole trace and selected intercepts along (using a cut-off grade of 0.3g/t Au) Section A-AA, from all phases of RC drilling. Bold red is >0.5 g/t Au, the dashed line and shading is the >0.1 g/t Au
Slide 9: Star of the East Drilling
STAR OF THE EAST DRILLING Drilling was planned based on historical intercepts, with excellent results proving the potential of the project, and the validity of the technical team’s approach • 14m @ 8.3 g/t Au in hole SRC003 from 15m including 8m @ 14.2 g/t Au from 18m downhole • 6m @ 4.95 g/t Au in
Slide 10: Production Pathway for SMS
PRODUCTION PATHWAY FOR SMS EXPLORE BUILD MINE Resource Development Low CAPEX Model – simple ML granted, approval process in completed – in modelling contract to strip and mine TGS, place, disturbed ground, no flora, and engineering phase and JV/Profit-share/mine-gate ore fauna or native title sale s
Slide 11: West Bryah Project Area
WEST BRYAH PROJECT AREA • This incorporates 7 tenements 130km north of Meekatharra • Wider region is very prospective for gold and copper • Completed early-stage Magnetic survey and soil sampling 11
Slide 12: West Bryah Project
WEST BRYAH PROJECT • Initial works completed: • Soil Sampling • Ground Magnetic survey • Reconnaissance and mapping • Initial Drilling Targets identified, planning and PoW process underway – drilling planned to commence early this year 17 12
Slide 13: Summary
SUMMARY Star Minerals has completed drilling Activities at Tumblegum South, Corporate activities will remain activities at Tumblegum South Gold Star of the East and West Bryah focused on finalising next steps Project, with results supporting the will accelerate over the next 6 at monetizing Tumblegu
Slide 14: Next Steps
NEXT STEPS For Current Projects • Complete Tumblegum South Resource work (after DDH assay return and modelling completed) + further phase of Star of the East Drilling to follow up reconnaissance results. • Continue West Bryah activities – to be planned in collaboration with Bryah Resources Limited (
Slide 15: Contact us
MAILING ADDRESS Level 2, 50 Kings Park Rd, West Perth Contact us WA 6005 EMAIL ADDRESS greg@starminerals.com.au PHONE NUMBER +61 (08) 9226 1860 15
Slide 16: Indicative Activities
Appendices: INDICATIVE ACTIVITIES AS PER PROSPECTUS Total Spend (on Year 1 Year 2 $5M raise) Tumblegum South $1,215,500 $962,500 $2,178,000 Planned activities are underway, and will continue West Bryah $412,500 $467,500 $880,000 as set out in the IPO Costs of Offer $517,503 $517,503 Prospectus Trans
Slide 17: Corporate Activities
CORPORATE ACTIVITIES FOR CURRENT PROJECTS BUSINESS DEVELOPMENT Contracts for Drilling, sampling, Range of discussions with a number of parties environmental and engineering works in regarding development of Tumblegum South – place. all options on table. Consultant engaged for geology and resource mo
Slide 18: About Star Minerals Limited
About Star Minerals Limited SMS is focused on development and exploration of its copper and gold projects. The Company will be using the data gathered to complete the required works to bring the Tumblegum South project up to the necessary level for a decision to mine to be made. In addition, it will
Slide 19: Important Notice
IMPORTANT NOTICE This presentation is issued by Star Minerals Ltd ACN 648 048 631 (Star Minerals). Confidentiality and no distribution of information The information in this document is confidential to Star Minerals. This document must not be photocopied or reproduced in any physical or electronic f