Strickland Metals Ltd · ASX:STK
Strickland Metals — Alloy Resources — Investor Presentation (June 2015)
21 slides from Strickland Metals's investor presentation, June 2015
Slide 1: Company Presentation
www.alloyres.com.au ABN: 20 109 361 195 ASX: AYR COMPANY PRESENTATION On the Road to Discovery June 2015
Slide 2: Our Strategy
2 of 21 Our Strategy Managing exploration to suit the times • Doray Minerals Limited funding the exciting Horse Well Gold Joint Venture close to Northern Star’s 5 Moz Jundee operations in W.A • Minimised new share issues for last 18 months - only a 1 for 10 Rights Issue • Reduced administration over
Slide 3: The Company
3 of 21 The Company A Western Australian based Exploration Company Board of Directors Experienced Corporate Executives Andy Viner Executive Chairman – Exploration Geologist Kevin Hart Non-Executive Director and Company Secretary Andre Marschke Non-Executive Director – Investor/Fund Manager Capital S
Slide 4: Primary Project – Horse Well Gold
4 of 21 Primary Project – Horse Well Gold Large Gold Exploration project – 1,000 km2 • 40km north of Northern Star’s 5 million ounce Jundee mine • Yandal Belt geology • Potential for a multi-million ounce gold discovery Doray Minerals Farmin Agreement (earning 60%) • Confirmed new gold discoveries i
Slide 5: Farmin Partner - Doray Minerals
5 of 21 Farmin Partner - Doray Minerals 1. Doray Minerals Limited - spend $2M over 2 years to earn 60%. 2. Completed non-withdrawal expenditure in first year (to 23 May 2015) of $1 million 3. A further $1M before May 2016 to complete earn-in to 60% 4. JV to spend $2M in Yr3 5. Alloy has opportunity
Slide 6: Crack of Dawn Target Area
6 of 21 Crack of Dawn Target Area • Drilling discoveries at Dusk til Dawn 65m @ 2.6 g/t from 144 metres 4m @ 12.7 g/t Au from 62 metres • Very large gold alteration system associated with granite contacts and major shear zones Granite 4.5km x 1.5km 200 metre thick alteration on contact “Gr
Slide 7: Dusk til Dawn prospect - proof of potential
7 of 21 Dusk til Dawn prospect - proof of potential • Granny Smith style gold mineralisation on granite contact • 2014 drilling access limited by Heritage clearances • 300 metre strike and open • To be defined by infill grid RC drilling – July 2015
Slide 8: Regional Anomalies Defined
8 of 21 Regional Anomalies Defined Crack of Dawn Granite • Numerous air-core anomalies within granite and on contacts • Open along strike and within anomalies T-06 ‘De-magnetised anomaly’ • Only two air-core lines 1.6km apart • Gold mineralisation confirmed Future • Over 55 line kilometres of Herita
Slide 9: Southern Area of Horse Well Gold Project
9 of 21 Southern Area of Horse Well Gold Project • 100 Koz Gold Resources defined • New Warmblood Discovery in 2012/2013 • New soil anomalies at Warmblood South • Mineralisation is shallow and oxide • Planned air-core drill testing of undercover extensions to Cowza
Slide 10: New Exploration Project – Martins Well
10 of 21 New Exploration Project – Martins Well Targeted Exploration • High grade copper-silver-gold • Sandfire ‘Degrussa’ quality type Adelaide Geosyncline – South Australia • Under-explored region of Australia • Extensive Copper, Lead, Zinc mines and prospects. Martins Well Project Area • 850 km2
Slide 11: Mammoth Black Ridge Target
11 of 21 Mammoth Black Ridge Target Large Outcropping Iron Rich Structure • Over 1.5 kilometres strike. • 5 to 25 metres wide. • Rare copper visible in outcrop
Slide 12: Mammoth Black Ridge Target
12 of 21 Mammoth Black Ridge Target Surface Rock Chip Sampling • Copper of 500 - 5,000 ppm • Co-incident As ~ 300 ppm • Occasional Ag to 18 g/t Surface Depletion • Iron structure is elevated hill because of high silica. Botryoidal Goethite • Botryoidal and mammalian goethite (iron) indicates extensi
Slide 13: Mammoth Black Ridge Target – Historical Drilling
13 of 21 Mammoth Black Ridge Target – Historical Drilling Unrecorded Historical Diamond Drill Holes • Drill pads and remnant core observed on ground • No historical records found by government • Drill Core discovered in February 2015 clearly marked • Dated from 1959-1960 • Unknown explorer – BHP or
Slide 14: Historical Drilling – DD - 1
14 of 21 Historical Drilling – DD - 1 DD – 1 Geology and Sampling • Intersected iron – gossan at expected depth • Highly or moderately weathered throughout • Iron gossan remains botryoidal in nature with occasional quartz veining and more gossanous zones • 20.27m @ 0.26% Cu and 0.83 g/t Ag from 69 m
Slide 15: Historical Drilling – DD - 2
15 of 21 Historical Drilling – DD - 2 DD – 2 Geology and sampling • Intersected iron structure at likely depth • Highly or moderately weathered throughout • Iron gossan is very botryoidal in nature with minor gossanous zones • The gossan has low copper but anomalous arsenic • Below gossan is extensi
Slide 16: Historical Drilling – Mineralisation
16 of 21 Historical Drilling – Mineralisation • Dr Ben Grguric of Mineralium Pty Ltd -“The mineralisation observed consists of a polymetallic assemblage (Cu-Fe-As-Sb) and is clearly hydrothermal in origin” . • The sulphide gossans are likely to contain a polymetallic massive sulphide assemblage simi
Slide 17: Mammoth Black Ridge – Polymetallic Target
17 of 21 Mammoth Black Ridge – Polymetallic Target A 2.5 km x 1km polymetallic hydrothermal target • Linear sub-vertical sulphide-related gossans with common quartz veining. • Extensive hydrothermal siderite alteration adjacent to and within gossan structures. • Siderite appears to be fractured by l
Slide 18: Regional Project Prospectivity
18 of 21 Regional Project Prospectivity Strike extensive regional faulting related to Mammoth Black Ridge • Limited soil and rock geochemistry and mapping. • Extensive areas of recent alluvial cover – No geophysics. • Structural-hydrothermal model never applied to exploration.
Slide 19: Value adding activity for Shareholders
19 of 21 Value adding activity for Shareholders Horse Well Gold Project Doray to commence $1M exploration program in July 2015 RC drill-out of Dusk til Dawn prospect – high-grade supergene and deeper thick gold mineralisation Extensive regional air-core drilling testing new gold mineralised tr
Slide 20: Company Statements
20 of 21 Company Statements Disclaimer This presentation has been prepared by Alloy Resources Limited (“Alloy”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and thou
Slide 21: Company Statements
21 of 21 Company Statements Horse Well Mineral Resources (JORC 2004) JORC GRADE PROJECT PROSPECT CATEGORY TONNES (g/t Au) OUNCES Au Horse Well Palomino indicated 656,000 2.52 53,150 Inferred 105,000 3.71 12,525 Bronco indicated 41,400 1.59 2,117 Filly indicated 161,300 1.56 8,091 Filly SW indicated