Strickland Metals Ltd · ASX:STK
Strickland Metals — Alloy Resources — 2017 Noosa Mining Conference
20 slides from Strickland Metals's conference presentation, 2017
Slide 1: Cobalt & Gold Explorer
Cobalt & Gold Explorer 2017 Noosa Mining Conference
Slide 2: Company Disclaimer & Statements
Company Disclaimer & Statements DISCLAIMER EXPLORATION RESULTS MINERAL RESOURCES This presentation has been prepared by Alloy Resources Limited (“Alloy”). The Information in this report which relates to Exploration Results is based on The resources in this release are based on work carried out by Dr
Slide 3: Exploring for Cobalt & Gold in Australia
Exploring for Cobalt & Gold in Australia • A unique Cobalt-Gold Project in the Broken Hill region of NSW • The 1,000 km2 Horse Well Gold Joint Venture with Doray Minerals in W.A. PG 3
Slide 4: The Alloy Resources Opportunity
The Alloy Resources Opportunity • What Juniors look for in a project • Why we think we have a good one • How we think we can find the best ore deposit quickly and cheaply! PG 4
Slide 5: Broken Hill - Cobalt Centre of Australia?
Broken Hill - Cobalt Centre of Australia? PERFECT PROJECT FOR A JUNIOR EXPLORER • Large Cobalt deposits in the area • 100% owned Project right in the middle • Big 314 square kilometre area • Great Goulburn Cobalt-Gold-Copper prospect identified TIMING is right for Cobalt-Gold-Copper exploration PG 5
Slide 6: The Ophara Cobalt-Gold Project
The Ophara Cobalt-Gold Project JUNIORS LOOK FOR A POORLY TESTED TARGET • Our Licence encompasses a large sand covered area with little surface geology west of the ‘Thackaringa’ hills – and out to the S.A border • Great Goulburn Co-Au-Cu prospect found in 1870’s on rare outcropping hills Let’s put 2
Slide 7: The Ophara Cobalt-Gold Project
The Ophara Cobalt-Gold Project Is the geology Right ? • Magnetics map under the cover • The same geology persists from the outcropping areas to the East SAME ROCKS SAME MINERALISATION UNDEREXPLORED ……….Perfect for a Junior PG 7
Slide 8: The Great Goulburn Cobalt-Gold Prospect
The Great Goulburn Cobalt-Gold Prospect Isolated iron-rich hills on a sand covered plain on a sheep station PG 8
Slide 9: The Great Goulburn Cobalt-Gold Prospect
The Great Goulburn Cobalt-Gold Prospect Surface Outcrop • Two hills with ‘Iron’ gossans Ground Electro-Magnetic Survey • ‘this measures the electrical conductivity of the rocks – sulphide rocks usually good conductors’ • Nice conductors coincide with ‘gossans’ • Something down on the south-east of E
Slide 10: The Great Goulburn Cobalt-Gold Prospect
The Great Goulburn Cobalt-Gold Prospect Rock Chip Sampling • Mineralisation shows common pathfinder elements: Cobalt, Copper, Gold, Molybdenum and Iron • Cobalt not very strong in rock chips • Copper is the best pathfinder PG 10
Slide 11: The Great Goulburn Cobalt-Gold Prospect
The Great Goulburn Cobalt-Gold Prospect RC Drilling on Ground Magnetics • 12 new holes completed • (Refer to ASX releases: 22/2/2017 and 03/03/2017) • New mineralised zones discovered • The system is open PG 11
Slide 12: The Great Goulburn Cobalt-Gold Prospect
The Great Goulburn Cobalt-Gold Prospect RC Drill Cross-Sections (Refer to ASX releases: 22/2/2017 and 03/03/2017) PG 12
Slide 13: Where to from here?
Where to from here? • We have secured a highly prospective project area • We have all the signs of Cobalt and Gold mineralisation at Great Goulburn • How can we find the best ore deposit quickly and cheaply! PG 13
Slide 14: Evidence for hidden Mineralisation
Evidence for hidden Mineralisation Aerial Electro-Magnetics (GEOTEM) survey flown by BHP in 1990. ?? • Suggests small Great Goulburn EM anomaly is part of something much bigger • Highlights the Thackaringa Cobalt deposits • WOW !! – appears to show lots of similar or stronger Conductors on Alloy lea
Slide 15: There are some Signs in the Field
There are some Signs in the Field • We have been in the field looking at these GEOTEM anomalies (refer ASX release 5 April 2017) • Over 80% of the area had no outcrop • Old prospecting pits at Areas A and B • Strong Copper rock chips supported by cobalt and some gold and molybdenum PG 15
Slide 16: Exploring The Ophara Cobalt-Gold Project
Exploring The Ophara Cobalt-Gold Project • A new aerial EM survey will be the most effective way to define the best targets at Ophara • Alloy is committed to completing a VTEM survey covering 500 line kilometres PG 16
Slide 17: Broken Hill 'gets' Renewable Energy and Mining
Broken Hill ‘gets’ Renewable Energy and Mining BROKEN HILL Broken Hill Solar • A 53 MW solar farm • Renewable Energy for isolated Broken Hill township • Local and state Government supportive of exploration for new commodities in the region. PG 17
Slide 18: Stakeholder Management
Stakeholder Management Exploration Schedule • Sheep farmers in the area have lambing occurring in July and August which restricts all exploration activity. • We are being patient and are hoping to be able to re-commence field activities in August and complete the aerial EM survey by early September
Slide 19: Company Overview
Company Overview Board of Directors Capital Structure SHARES ON ISSUE OPTIONS (1.5/1.6C UNLISTED) Mr Andy Viner 967 m 29 m Executive Chairman – Exploration Geologist Matsa Resources / Jackson Gold / Gindalbie Metals / RSG MARKET CAP (@ 0.5c) CASH (Jul 31) $4.8 m $0.75 m Mr Kevin Hart Non-Executive D
Slide 20: A Highly Leveraged Investment Opportunity
A Highly Leveraged Investment Opportunity Alloy Resources Summary GOLD + COBALT EXPOSURE The places to be invested BIG TARGETS From outstanding exploration results and large land holdings STRATEGIC LOCATIONS Geological and Geographical proximity to Major Mineral Deposits WELL FUNDED Strong s