Star Minerals Ltd. · ASX:SMS
Star Minerals — Shareholder Meeting (November 2022)
28 slides from Star Minerals's shareholder meeting presentation, Nov 30, 2022
Slide 1: AGM Presentation
AGM PRESENTATION STAR MINERALS - November 2022 ASX CODE: SMS
Slide 2: 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
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT ASX Codes: SMS, SMSO TOP 10 HOLDERS: % Bryah Resources Limited 20.75 Ordinary Shares On Issue 53,000,000 Magnolia Absolute Return Fund Ii Pty Ltd 8.30 Cs Fourth Nominees Pty Limited 7.95 Share Price A$0.08 Jalein Pty Ltd 5.19 Rilukin Holdings Pty Ltd 4.72 Options On Issue 14,500,0
Slide 4: Corporate Snapshot - Board
CORPORATE SNAPSHOT - BOARD • Ian Stuart Non-Executive Chairman • Gemma Lee Mr Stuart is a geologist by profession with experience in both • Non-Executive Director the finance and mining industries. He holds an Honours degree Ms Gemma Lee is a geologist by profession with 20 years’ in Geology, is a F
Slide 5: Corporate Snapshot - Executive
CORPORATE SNAPSHOT - EXECUTIVE • Greg Almond Chief Executive Officer Mr Almond is a geologist by profession with experience in the mining industry in Australia and around the world. He holds a degree in Geology and Geography and is a member of the Greg Almond AusIMM. Greg has extensive experience in
Slide 6: Why Star?
WHY STAR? • Focused on gold and copper • Gold resource, ready to bring into production quickly • Rapid move towards mining (Low CAPEX model) • Strong support structure – backing from ASX:BYH and ASX:AVL means we can punch above our weight
Slide 7: 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 • The 349km2 West Bryah Project approximately, 140km north of Meekatharra • Exciting exploration potential in
Slide 8: Operational Activities
OPERATIONAL ACTIVITIES Very rapid mobilisation to site: • Staff & Contractors mobilised to site 2 days after listing Site Works: • 3 Phases of Drilling, logging and sampling completed at TGS. • First drilling at Star of the East • Soil sampling and Ground Mag at West Bryah
Slide 9: Tumblegum South Project Area
TUMBLEGUM SOUTH PROJECT AREA • This incorporates both Tumblegum South and the recently optioned Star of the East project • Completed two phases of Tumblegum South RC drilling: • One phase of DDH. • Completed Reconnaissance RC program at Star of the East
Slide 10: Tumblegum South Drilling
TUMBLEGUM SOUTH DRILLING • Completed two phases of Tumblegum South RC drilling: ⚬ 25 holes for 1,994m ⚬ 19 holes for 2,669m • Both longer than the planned meterage due to extension of holes because of mineralization • One phase of DDH, with 397m drilled DRILLING AND RESULTS: Pit Infill • All holes c
Slide 11: Tumblegum South Results
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 RESULTS 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 TGRC014 109 113 4 6.9 27.6 Tumblegum South Results –
Slide 12: Tumblegum South Results
TUMBLEGUM Hole_ID Depth_From Depth_To Interval Au_ppm Total grams TGRC027 97 99 2 12.20 24.4 TGRC027 101 103 2 10.00 20.0 SOUTH RESULTS TGRC028 73 77 4 8.23 32.9 TGRC028 139 143 4 1.50 6.0 TGRC028 167 170 3 1.02 3.1 TGRC029 47 50 3 2.77 8.3 TGRC029 85 87 2 1.39 2.8 Tumblegum South Results – Phase TG
Slide 13: Tumblegum South Drilling
TUMBLEGUM SOUTH DRILLING Phase 2 in Red over Phase 1 traces Collars, and selected intercepts. Note: Section line A-AA’
Slide 14: Tumblegum South Drilling
Inferred Mineral Resource 600,000 tonnes @ 2.2 g/t Au for 42,500 ounces gold using a cut-off grade of 0.3g/t Au TUMBLEGUM SOUTH DRILLING Collars, drillhole trace and selected intercepts along Section A-AA, from both phases of RC drilling: Bold red is >0.5 g/t Au, the dashed line and shading is the >
Slide 15: Tumblegum South Drilling
TUMBLEGUM SOUTH DRILLING Diamond Drilling Drill hole traces: still awaiting assays Currently getting cut for sampling and assay, will be used for updated Resource estimate.
Slide 16: Star + Star of the East
STAR + Star of the East • New historical (non-JORC) gold resource, ready to quickly bring up to modern standards • Historical production of 27,700 oz, • Fits with the Tumblegum South project and approach – Rapid move towards mining (Low CAPEX model) • Only 2km away from existing project • Low risk w
Slide 17: Star of the East Drilling
Star of the East DRILLING • Drilling planned based on historical intercepts, with excellent results proving the potential of the project, and the validity of the technical team’s approach • Acquisition based on location, and historical production
Slide 18: Star of the East Drilling
Star of the East DRILLING DRILLING AND RESULTS: o 14m @ 8.3 g/t Au in hole SRC003 from 15m downhole including 8m @ 14.2 g/t Au from 18m downhole o 6m @ 4.95 g/t Au in hole SRC007 from 9m downhole o 4m @ 2.44 g/t Au in hole SRC006 from 16m downhole
Slide 19: West Bryah Project Area
WEST BRYAH PROJECT AREA • This incorporates 7 tenements 130km north of Meekathara. • Wider region is very prospective for gold and copper • Completed early-stage Magnetic survey and soil sampling 17
Slide 20: West Bryah Project Area
WEST BRYAH PROJECT AREA • Initial works completed: • Soil Sampling • Ground Magnetic survey • Reconnaissance Work • Initial Drilling Targets identified, planning and PoW process underway – drilling planned to commence early next year 17
Slide 21: Opportunities: West Bryah Project is Priority for Future
OPPORTUNITIES: WEST BRYAH PROJECT IS PRIORITY 1 FOR FUTURE EXPLORATION EFFORTS FOR EARLY 2023 Region is very prospective for gold and copper – these remain the companies focus, however the large land-holding the company OTHER OPTIONS AS MACRO CHANGES (UKRAINE/RUSSIA) PLAY OUT 17
Slide 22: Corporate Activities
CORPORATE ACTIVITIES FOR CURRENT PROJECTS BUSINESS DEVELOPMENT Contracts for Bureau Veritas (assays) and Range of discussions with a number of parties Impact Drilling (RC Drilling) regarding development of Tumblegum South – all options on table Updating Exploration Operation Potential small-scale lo
Slide 23: 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 24: Indicative Activities
INDICATIVE ACTIVITIES SPEND PLANNED AS PER IPO 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 as West Bryah $412,500 $467,500 $880,000 set out in the IPO Prospectus, Costs of Offer $517,503 $517,50
Slide 25: Production Pathway for SMS
PRODUCTION PATHWAY FOR SMS EXPLORE BUILD MINING Resource Development Low CAPEX Model – simple Mining Lease granted, approval completed – in modelling contract to strip and mine TGS, process in place, disturbed and engineering phase and JV/Profit-share/mine-gate ground, no flora, fauna or native ore
Slide 26: Summary
SUMMARY Star Minerals has completed Activities at Tumblegum Corporate activities will drilling activities at South, Star of the East remain focused on Tumblegum South Gold and West Bryah will finalising next steps at Project, with results accelerate over the next Tumblegum South and supporting the S
Slide 27: 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 28: Contact us
MAILING ADDRESS Level 2, 50 Kings Park Road, West Perth WA 6005 Contact us EMAIL ADDRESS info@starminerals.com.au PHONE NUMBER +61 (08) 9226 1860