Stavely Minerals Ltd · ASX:SVY
Stavely Minerals — Resources Rising Stars Conference 2015
49 slides from Stavely Minerals's conference presentation, Sep 25, 2015
Slide 1: Unlocking Victoria's Copper-Gold Potential
For personal use only Unlocking Victoria’s Copper- Gold Potential Read Corporate Resources Rising Stars Conference September 2015
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: Corporate snapshot and directors
STAVELY MINERALS For personal use only ASX Code – SVY Shares on Issue – 93.5M Share Price - $0.22 Market Cap - $20.6M Cash (01/09/15) - $3.0M* *Excludes Titeline Drilling agreement, Directors $0.60 350,000 Bill Plyley Volume 300,000 Non-executive Chairman $0.50 Close Chris Cairns 250,000 $0.40 Manag
Slide 4: Projects
For personal use only PROJECTS
Slide 5: Project Location
PROJECT LOCATION For personal use only The Ararat Project is in the Moornambool Metamorphic Complex and is prospective for VMS base metals-gold and ‘Stawell-style’ gold mineralisation. The Mount Stavely Volcanic Complex is prospective for ancient porphyry copper-gold, VMS base metals-gold and intrus
Slide 6: Project Location
PROJECT LOCATION For personal use only 900 square kilometres of Stavely Minerals tenure 70 square kilometres of JV tenure
Slide 7: Mineral Resources
1 MINERAL RESOURCES 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 8: Ararat Project
For personal use only ARARAT PROJECT
Slide 9: Ararat Project hosts Mt Ararat VMS and Stawell-style gold targets
ARARAT PROJECT For personal use only Hosts the: Mt Ararat Besshi-style copper-gold VMS and ‘Stawell-style’ gold targets
Slide 10: Prospective VMS copper gold horizon
ARARAT PROJECT For personal use only Prospective VMS copper gold horizon extends over 15 kilometres within Stavely Minerals tenements. Recent reconnaissance exploration has confirmed the horizon is up to 1km wide ‘Stawell-style’ gold / arsenic anomalies along 4-5km of strike and open to north
Slide 11: Conceptual Model
ARARAT PROJECT For personal use only Conceptual Model • Multiple VMS target horizons – circa 530Ma age • Steep west dipping gold feeder structures and shallow east-dipping horse-tail splays – circa 425Ma age 1 see ASX announcement dated 6 July 2015 and available from www.stavely.com.au
Slide 12: Regional Geophysics
ARARAT PROJECT For personal use only Regional Geophysics • Recent gravity survey has provided important information on the structural architecture and deep rock types • Recent regional Induced Polarisation (IP) survey has highlighted multiple VMS and gold targets 1 see ASX announcement dated 25 Sept
Slide 13: Mount Ararat VMS
For personal use only MOUNT ARARAT VMS
Slide 14: Mt Ararat Besshi-style VMS is an ancient sea-floor black smoker
ARARAT PROJECT Mt Ararat Besshi-style copper-gold VMS is an ancient sea- For personal use only floor ‘black smoker’
Slide 15: VMS deposits occur in clusters
ARARAT PROJECT For personal use only Mt Ararat Besshi-style copper-gold VMS is an ancient sea- floor ‘black smoker’ – they tend to occur in clusters of typically 6-8 deposits
Slide 16: Mt Ararat Inferred Mineral Resource
ARARAT PROJECT For personal use only • Mt Ararat Besshi-style VMS – Inferred Mineral Resource of 1.3Mt at 2.0% copper, 0.5g/t gold, 0.4% zinc and 6g/t silver • The Degrussa deposit is considered a Besshi-style VMS • Open at depth and along strike
Slide 17: Mt Ararat Geophysics
ARARAT PROJECT For personal use only Mt Ararat Geophysics Existing VMS deposit is reflected by the small IP chargeability feature A much larger deep IP chargeability anomaly untested by any drilling 1 see ASX announcement dated 8 May 2014 and available from www.stavely.com.au
Slide 18: Carroll's Prospect Geochemistry
ARARAT PROJECT Carroll’s Prospect Geochemistry For personal use only Multiple mineralised horizons confirmed with Carroll’s Copper prospect re-discovered with rock- chip results including: • 10.8% copper, 0.41% Zn and 1.5g/t gold • 24% copper, 1.1% zinc and 0.52g/t gold 1 see ASX announcement dated
Slide 19: Carroll's Prospect Geophysics
ARARAT PROJECT For personal use only Carroll’s Prospect Geophysics Very strong IP chargeability anomaly coincident with soil zinc-copper geochemical anomaly and in-situ rock chips to 10.8% copper and 1.5g/t gold 1 see ASX announcement dated 25 September 2015 and available from www.stavely.com.au
Slide 20: Stawell-style gold potential
ARARAT PROJECT For personal use only Stawell-style gold potential Unexpectedly, drill hole SARC001 also intersected 13m at 1g/t gold (to EoH) including a significant higher grade zone of: • 3m at 3.04 g/t gold 3 follow-up diamond drill holes completed 1 see ASX announcement dated 10 September 2014 a
Slide 21: Stawell-style gold potential
ARARAT PROJECT For personal use only Stawell-style gold potential • The Ararat goldfield produced ~640,000oz Cathcart Alluvial from alluvials and deep Goldfield leads • No hardrock source identified. Mt Ararat gold intercept
Slide 22: Two new gold prospects identified
ARARAT GOLDFIELD For personal use only Stawell-style gold potential– Two new gold prospects identified in soil sampling • Cathcart Hill • White Lead
Slide 23: Cathcart Hill Gold Prospect
ARARAT PROJECT For personal use only Cathcart Hill Gold Prospect • Newly discovered gold prospect • Arsenic, chromium (‘Stawell- signature’) soil anomaly 800m long and open to the north and south • Soils to 622ppb, 447ppb and 426ppb amongst other strongly anomalous results. • Rock-chips of ‘pseudo-
Slide 24: Cathcart Hill Geophysics
ARARAT PROJECT For personal use only Cathcart Hill Geophysics Strong IP chargeability anomaly coincident with gold-arsenic- chrome geochemical anomaly – Stawell- style signature 1 see ASX announcement dated 25 September 2015 and available from www.stavely.com.au
Slide 25: White Lead Gold Prospect
ARARAT PROJECT For personal use only White Lead Gold Prospect • Newly discovered gold prospect • Arsenic, chromium, copper, lead (‘Stawell signature’) soil anomaly 1km long and open to the north and south • Rock-chips to 5.6g/t gold • Likely source of the White Lead alluvial gold production – part o
Slide 26: White Lead Gold Prospect
ARARAT PROJECT For personal use only White Lead Gold Prospect • 3 diamond drill holes completed • 2m at 6.43g/t gold including 1m at 11.3g/t gold • Drilling confirms structural geometries and potential for better developed gold mineralisation in more reactive iron-rich host units 1 see ASX announcem
Slide 27: Other Geophysical Anomalies
ARARAT PROJECT For personal use only Other Geophysical Anomalies Strong IP chargeability anomalies with shallow east dip consistent with the geometries observed in recent gold drill intercepts: 2m at 6.34g/t gold including: 1m at 11.3g/t gold 1 see ASX announcement dated 25 September 2015 and av
Slide 28: Regional Geophysics
ARARAT PROJECT For personal use only Regional Geophysics • Recent gravity survey ahs provided important information on the architecture and deep rock types • Recent regional Induced Polarisation (IP) survey has highlighted multiple VMS and gold targets 1 see ASX announcement dated 25 September 2015
Slide 29: Stavely Project
For personal use only STAVELY PROJECT
Slide 30: Thursday's Gossan chalcocite blanket and prospects
STAVELY PROJECT For personal use only • Thursday’s Gossan chalcocite enriched blanket – Inferred Mineral Resource of 28Mt at 0.4% copper containing 107kt copper • Thursday’s Gossan porphyry • Junction porphyry • Fairview Gold prospect • Wickliffe VMS prospect • Patanga porphyry prospect
Slide 31: Structural setting similar to Cadia Valley
STAVELY PROJECT For personal use only • Similar structural setting to Cadia Valley • ~N-S trending volcanic belt • Major NW trending structures
Slide 32: Why look for porphyries in western Victoria?
STAVELY PROJECT Why look for porphyries in western Victoria? For personal use only • Porphyries are large metal systems with a well understood alteration zonation typically an order of magnitude larger than the deposit itself – ie. The ‘hydrothermal system’ has a large footprint that has a recognisa
Slide 33: Why look for porphyries in western Victoria?
STAVELY PROJECT Why look for porphyries in western Victoria? For personal use only • Porphyry deposit examples from as early as Archaean age • Likelihood of porphyry deposit preservation decreases with age due to erosion and crustal recycling
Slide 34: Why look for porphyries in western Victoria?
STAVELY PROJECT Why look for porphyries in western Victoria? For personal use only
Slide 35: Why look for porphyries in western Victoria?
STAVELY PROJECT Why look for porphyries in western Victoria? For personal use only
Slide 36: Why look for porphyries in western Victoria?
STAVELY PROJECT Why look for porphyries in western Victoria? For personal use only
Slide 37: Why look for porphyries in western Victoria?
STAVELY PROJECT Why look for porphyries in western Victoria? For personal use only
Slide 38: Why look for porphyries in western Victoria?
STAVELY PROJECT Why look for porphyries in western Victoria? For personal use only • Despite the reduced likelihood of preservation, the ‘ancient’ porphyries are disproportionately gold-rich • The better value per tonne allows development by less obtrusive yet very cost-efficient block-cave mining m
Slide 39: Evidence Thursday's Gossan is an alkalic copper-gold porphyry
STAVELY PROJECT But what evidence that the Thursday’s Gossan For personal use only porphyry is an alkalic copper-gold porphyry? • Zones of pervasive hematite alteration • Strongly negative 34 sulphur isotope values • Metal ratios – gold and silver rich – 5m @ 1.4% copper, 0.25g/t gold and 11 g/t si
Slide 40: Thursday's Gossan Porphyry
STAVELY PROJECT Thursday’s Gossan Porphyry For personal use only Stavely Minerals drilled 3 deep diamond drill holes (between 532m to 640m deep) into an induced polarisation (IP) chargeability anomaly
Slide 41: Thursday's Gossan Porphyry
STAVELY PROJECT Thursday’s Gossan Porphyry For personal use only Drilling intercepted well-developed phyllic alteration (sericite- pyrite) which corresponded well with the IP chargeability anomaly
Slide 42: Thursday's Gossan Porphyry
STAVELY PROJECT Thursday’s Gossan Porphyry For personal use only The three deep diamond drill holes identified a low-angle structural offset to the porphyry system
Slide 43: Thursday's Gossan Porphyry
STAVELY PROJECT Thursday’s Gossan Porphyry For personal use only Structural analysis, kinematic indicators, white mica shortwave infra-red absorption features and sulphur isotope results all concur the porphyry ‘core’ has been transposed north and east beneath the structural zone. What do investors
Slide 44: Thursday's Gossan Porphyry
STAVELY PROJECT Thursday’s Gossan Porphyry For personal use only New IP survey lines to extend coverage to east and north where structural model say the target porphyry ‘core’ has been transposed
Slide 45: Thursday's Gossan Porphyry
STAVELY PROJECT Thursday’s Gossan Porphyry For personal use only New IP chargeability anomalies on both lines: • Line 261350, anomaly under low-angle structure • Line 10600, strong chargeability anomaly 1
Slide 46: Thursday's Gossan Porphyry
STAVELY PROJECT Thursday’s Gossan Porphyry For personal use only Very positive results from drilling the IP chargeability anomaly – increasingly intense alteration, very ‘busy’ drill core, low-grade copper mineralisation in peripheral alteration Intercepted a low-angle structure at ~400-480m dep
Slide 47: Work Programmes
For personal use only WORK PROGRAMMES
Slide 48: Work Programmes
WORK PROGRAMMES Work programme for the Ararat Project For personal use only • At Mt Ararat, additional surface geochemistry and IP geophysics to identify additional base metal–gold mineralised horizons in advance of drilling - DONE • Drill targets – PLANNED TO COMMENCE IN OCTOBER • Reconnaissance so
Slide 49: 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
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