Auravelle Metals Limited · ASX:AUV
Auravelle Metals — Sipa Resources — Resource Rising Stars (June 2019)
22 slides from Auravelle Metals's conference presentation, June 2019
Slide 1: Sipa Resources Limited
Sipa Resources Limited Greeniield Mineral Discovery in Australia ame Uganda
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Sipa Resources Limited (Sipa). Summary of information: This presentation contains general and background information about Sipa’s activities current as at the date of the presentation and should not be considered to be comprehensive or to comprise al
Slide 3: Strategy
STRATEGY • Sipa’s strength and track record is in quality greenfields project generation and discovery • Sipa’s aim is to identify and secure first mover positions in under-explored mineral provinces with high potential for significant discoveries • Funding via JV’s, alliances, strategic investments
Slide 4: Corporate
CORPORATE Capital Structure Shareholders ASX Code SRI Rodiv NSW P/L Pension Fund 17.7% Shares (Ord.) (27/05/19) 1707m JM Financial 5.2% Share Price (27/05/19) 0.9c Directors & Management 1.4% Total in top 20 37.0% Market Cap (27/05/19) $15.4m Cash (at 31/03/19) $3.1m Board (+Post 31/03/19 Placement
Slide 5: Overview – active discoveries
OVERVIEW – 2 active discoveries • Greenfields explorer and discoverer in frontier mineral provinces in Uganda and Australia Kitgum Pader Ni, Cu Paterson North Rio Tinto earn in West Australia 5
Slide 6: Overview – new projects
OVERVIEW – 5 new projects • Consistent with our strategy of Bohemia Zn greenfields Barbwire Tce Zn Wolfe Basin Cu discovery in Wallal Cu- Au Clara Au new highly Paterson North Cu- Au prospective areas • Actively looking for partners 6
Slide 7: Paterson North - WA
PATERSON NORTH - WA Sipa was first Located 10km mover when in from Winu, 2016 it secured Sipa has large strategic discovered holding in one of new Copper highest potential Gold discovery prospects at destinations Obelisk and globally Aranea 7
Slide 8: Paterson North – Winu and Obelisk
PATERSON NORTH – Winu and Obelisk • Winu and Obelisk are similar Andromeda systems E45/4697 • Cu Au + Aranea (Ag,Mo,Bi,W) WINU DISCOVERY Best Intercept: E45/3599 763m @ 0.65g/t Au association 0.44% Cu 2.88g/t Ag (EOH) Obelisk Including: • High grade 54m @ 5.4g/t Au 0.25% Cu 1.75g/t Ag (from 46m) mul
Slide 9: Paterson North – Obelisk
PATERSON NORTH – Obelisk • Drilled a Large copper (+Au Ag Bi Mo W) system associated with PNA070 102m @ 0.09% Cu complex gravity PNA065 46m @ 0.12% Cu and magnetic anomalies PND001 64.8m @ 0.1% Cu • Under 70-100m PND002 31.5m @ 0.1% Cu & sand cover 0.15m @ 22.5g/t Au & 2% Cu from 423m 9
Slide 10: Paterson North – Obelisk
PATERSON NORTH – Obelisk • “Seeing” through sand is the key to future discoveries • Preliminary work indicates that surface geochemistry may be an important discovery tool • Further soil geochem underway 10
Slide 11: Paterson North - EM
PATERSON NORTH - EM • In addition Indian Ocean SkyTEM EM geophysics is imminent. The survey will determine depth to Legend bedrock and Sipa Tenement SkyTEM survey directly Sipa Prospect Rio Prospect detect Resource sulphides 11
Slide 12: Paterson North - Program
PATERSON NORTH - PROGRAM Program June July August September October SKYTEM Soil Study Heritage Survey RC/Aircore Follow up • WA Govt EIS co-funded drilling grant to support RC/Aircore program up to $150,000 12
Slide 13: Kitgum Pader
KITGUM PADER 100km long Belt 14+ nickel scale land prospective holding. Sipa was intrusions first mover in Drilled and 2012 and extended discovered nickel Akelikongo copper sulphides nickel copper in 2014. JV with sulphide Rio Tinto 2018 discovery 13
Slide 14: Highlights 2018-9 - Uganda
HIGHLIGHTS 2018-9 - Uganda Rio Tinto farm-in (up to 59M) , Sipa manager, Rio funding. Work commenced August 2018 • 1st phase Gravity surveying, mapping and rock chip sampling of ultramafic intrusive complexes • 10 diamond holes for 4083 metres • 5 holes at Akelikongo, 4/5 holes have extended mineral
Slide 15: Kitgum Pader JV – Work Program
KITGUM PADER JV – Work Program • Analysis of new 32°00' 32°30' 33°00' Waligo Katunguru mapping, rock Akelikongo geochemistry drilling 3°30' Padwat 3°30' Awodi and ground Lugwa Ayuu Anaka Jopudong geophysics to Gem Mede Congo Aswa Palabek Karamoja determine belt scale Tim Odek prospectivity Goma Lege
Slide 16: Kitgum Pader JV - Akelikongo
KITGUM PADER JV - Akelikongo • Thick (>100m) continuous widths of 250m disseminated and massive nickel and copper sulphides Disseminated NiS >0.25% “leapfrog” shell + 0.08% Cu • Intrusion now Massive NiS >1% + 0.3% Cu drilled over 700m extending from surface 16
Slide 17: Akelikongo new drill holes
Akelikongo 5 new drill holes AKD018 In footwall of intrusion AKD021 Near surface AKD019 20m mixed AKD020 oxide/sulphide AKD022 mineralised zone extended >0.4% Ni 9m 29.5m open 16.4m 0.44% Ni Eastern Ni >0.1% Ni 0.12% Cu mineralised Ni >0.4% Ni zone 300m 17
Slide 18: Australian Projects - Overview
AUSTRALIAN PROJECTS - Overview WOLFE BASIN (Cu) Sediment hosted Cu NeoProt dolomite CLARA (Au) Possible new gold province Crustal scale structure BOHEMIA (Zn) MVT Zn plus Pb intersections 40km SE of Cadjebut mine Lennard Shelf BARBWIRE TERRACE (Zn) Proved concept Exposure to new MVT province WALLAL
Slide 19: Clara Gold – NW Queensland
Clara Gold – NW Queensland • Emerging intrusion related gold province • Shallow cover • Deep Deep crustal structure determined from Seismic data crustal structure 19
Slide 20: Barbwire Terrace, Bohemia – MVT Zinc
Barbwire Terrace, Bohemia –MVT Zinc • Concept proven but little to no work ever done • Zinc mineralising fluids moved both ways out of the Fitzroy Trough and into Lennard Shelf in North and Barbwire in South 20
Slide 21: Barbwire Terrace – is zinc mineralised
Barbwire Terrace – is zinc mineralised • GSWA Core Library Hole WRD1 shows visible sulphide 2% Zinc on (marcasite) PXRF Spot mineralisation in dolomitised upper Devonian Carbonate rocks with Zinc up to 2% detected on portable XRF 21
Slide 22: News flow and Plan forward
News flow and Plan forward • Paterson - Skytem EM geophysical survey underway • Paterson - surface soil geochemical study underway • Paterson - EIS co-funded drilling – July • Uganda - drilling results now to July, work ongoing • Continue to generate and acquire new projects with the objective of at