Stavely Minerals Ltd · ASX:SVY
Stavely Minerals — RIU Explorers Conference 2018
45 slides from Stavely Minerals's conference presentation, Feb 22, 2018
Slide 1: Knocking on the Door to Discovery in Western Victoria
For personal use only Knocking on the Door to Discovery in Western Victoria RIU Explorer’s Conference 2018
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 – 148.7M Share Price - $0.315 Market Cap - $46.8M Cash (20/02/18) - $8.8m* Management ~34.4% equity *Excludes Titeline Drilling agreement and Victorian Gov’t co-funding, includes SPP funds Directors $0.60 2,500,000 Volume Bill Ply
Slide 4: Take Away Messages
TAKE AWAY MESSAGES For personal use only 1. Stavely provides good value for investors – 71% ‘in the ground’ 2. Stavely has conclusively demonstrated that copper and gold alkalic porphyry-style mineralisation is present at Thursday’s Gossan 3. Alkalic porphyries are amongst the largest gold deposits
Slide 5: Projects
For personal use only PROJECTS
Slide 6: Victorian Project Locations
VICTORIAN PROJECT LOCATIONS For personal use only Victorian Projects The Ararat Project is prospective for VMS base metals-gold and ‘Stawell- style’ gold mineralisation. The Stavely, Yarram Park and Black Range Projects are prospective for ancient porphyry copper-gold and VMS base metals-gold minera
Slide 7: Queensland Project Location
QUEENSLAND PROJECT LOCATION For personal use only Queensland Project The Ravenswood Project is prospective for: • porphyry copper-moly-gold, • quartz-sulphide vein-hosted gold • breccia-hosted gold mineralisation • epithermal gold • VMS copper-gold Active exploration to resume in April – too damn ho
Slide 8: Mineral Resources
MINERAL RESOURCES1 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 9: Porphyry Discovery Opportunities: Thursday's Gossan, Toora West and Others
For personal use only PORPHYRY DISCOVERY OPPORTUNITIES: THURSDAY’S GOSSAN, TOORA WEST AND OTHERS
Slide 10: Stavely Volcanic Belt
STAVELY VOLCANIC BELT For personal use only Stavely has the largest and most strategic tenement holding in the belt • Thursday’s Gossan porphyry • Toora West porphyry prospect • Junction porphyry • Mount Stavely porphyry • Fairview Gold prospect • Wickliffe VMS prospect • Patanga copper prospect
Slide 11: Stavely Volcanic Belt
STAVELY VOLCANIC BELT For personal use only Stavely has the largest and most strategic tenement holding in the belt • Thursday’s Gossan porphyry • Toora West porphyry prospect • Junction porphyry • Mount Stavely porphyry • Fairview Gold prospect • Wickliffe VMS prospect • Patanga copper prospect
Slide 12: Thursday's Gossan Porphyry
THURSDAY’S GOSSAN PORPHYRY For personal use only Thursday’s Gossan Chalcocite Blanket Inferred Mineral Resources of 28Mt at 0.4% copper for 110kt of contained copper
Slide 13: Thursday's Gossan Porphyry
THURSDAY’S GOSSAN PORPHYRY For personal use only Two parallel zones of near- surface high-grade copper mineralisation with associated silver and gold…. These zones correspond to the near-surface expression of sulphide-rich porphyry ‘D’ veins
Slide 14: What Are 'D' Veins?
WHAT ARE ‘D’ VEINS? For personal use only ‘D’ veins are late- stage sulphide-rich veins with characteristic sericite alteration selvedges. They should be a ‘yellow brick road’ down to the source porphyry. After Corbett, 2012
Slide 15: Thursday's Gossan Porphyry
THURSDAY’S GOSSAN PORPHYRY For personal use only Completed 20 x drill hole RC drilling programme to target these high-tenor copper, silver and gold zones ✓ Potential for material impact on Mineral Resources update given NO silver and gold ever estimated within the Mineral Resource ✓ Help us understa
Slide 16: Thursday's Gossan Porphyry
THURSDAY’S GOSSAN PORPHYRY Thursday’s Gossan RC drilling For personal use only ➢ 24 metres at 0.64% copper and 1.2 g/t gold including: • 14 metres at 0.82% copper and 1.99 g/t gold including • 1 metre at 0.84% copper and 22.2 g/t gold ➢ 29 metres at 0.53% copper and 0.30 g/t gold to end of hole (EoH
Slide 17: Thursday's Gossan RC Drilling (north section)
THURSDAY’S GOSSAN PORPHYRY For personal use only Thursday’s Gossan RC Drilling (north section) Shallow RC drill results: ➢ 64m at 0.40% copper and 0.19g/t gold, including o 29m at 0.53% copper and 0.3g/t gold to end of hole ➢ 11m at 0.49% copper and 0.29g/t gold, and A number of RC drill holes stopp
Slide 18: Thursday's Gossan Diamond Tails (north section)
THURSDAY’S GOSSAN PORPHYRY For personal use only Thursday’s Gossan Diamond Tails (north section) RC drill holes continued / twinned with diamond drill ‘tails’. Diamond drill results: ➢ 124m at 0.31% copper and 0.12g/t gold, and ➢ 53m at 0.37% copper and 0.15g/t gold, including ▪ 23m at 0.57% copper
Slide 19: Thursday's Gossan Diamond Tails (second north section)
THURSDAY’S GOSSAN PORPHYRY For personal use only Thursday’s Gossan Diamond Tails (second north section) RC drill holes continued / twinned with diamond drill ‘tails’. Diamond drill results: ➢ 36m at 0.43% copper and 0.20g/t gold, including ▪ 20m at 0.65% copper and 0.30g/t gold ➢ 85m at 0.35% copper
Slide 20: Cadia Ridgeway Analogy: 7 Phases of Drilling Before Discovery
For personal use only CADIA RIDGEWAY ANALOGY: 7-PHASES OF DRILLING BEFORE DISCOVERY, HIGH-GRADE GOLD- COPPER MINERALISATION ASSOCIATED WITH ‘M’ VEINS
Slide 21: The Prize
THE PRIZE For personal use only The Cadia Ridgeway gold-copper deposit had total production to March 2012 of 76.7Mt at 1.83g/t gold and 0.63% copper for a contained 4.5 million ounces of gold and 483,000 tonnes of copper. Source: Porter GeoConsultancy Pty Ltd. The Cadia Ridgeway gold-copper deposit
Slide 22: Cadia Ridgeway Exploration
CADIA RIDGEWAY EXPLORATION For personal use only Cadia Ridgeway (pre-discovery) Diamond drill results: • 118m at 0.10% copper and spotty gold • 102m at 0.40% copper and 0.13g/t gold Thursday’s Gossan Porphyry (so far) Diamond drill results: • 283m at 0.16% copper • 85m at 0.35% copper and 0.18g/t go
Slide 23: Cadia Ridgeway Exploration
CADIA RIDGEWAY EXPLORATION For personal use only Cadia Ridgeway (discovery) Diamond drill results: • 145m at 1.2% copper and 4.30g/t gold, • 84m at 1.27% copper and 7.40g/t gold Thursday’s Gossan Porphyry Drilling in-progress see ASX announcement 05/09/2017 and available from www.stavely.com.au
Slide 24: Cadia Ridgeway Exploration
CADIA RIDGEWAY EXPLORATION For personal use only Cadia Ridgeway (discovery) Diamond drill results: • 145m at 1.2% copper and 4.30g/t gold, • 84m at 1.27% copper and 7.40g/t gold The distribution of high-grade gold is closely related to the distribution of E-2 ‘M’ veins. ‘E’ is used to indicate that
Slide 25: Drill Holes SMD015, and
For personal use only DRILL HOLES SMD015, 016 AND 017
Slide 26: Thursday's Gossan Porphyry: SMD015 Results
THURSDAY’S GOSSAN PORPHYRY For personal use only Recent results from late ‘D’ veins in SMD015: ➢ 9m of 2.62% copper and 0.28g/t gold, including • 4m of 5.41% copper and 0.35g/t gold, including ▪ 1m at 14.75% copper and 0.33g/t gold ➢ 4m at 5.85% copper and 0.27g/t gold, including • 1m at 10.75% copp
Slide 27: Magnetite Veins Intercepted in SMD015
THURSDAY’S GOSSAN PORPHYRY Magnetite veins intercepted in SMD015 could be far more For personal use only important as a proximal indicator to mineralisation +100m intercept of classic porphyry ‘M’ veins: ➢ Typical of gold-rich porphyries ➢ Veins in this photo are similar to the E-1A ‘M’ veins at Cad
Slide 28: Magnetite Veins Intercepted in SMD015
THURSDAY’S GOSSAN PORPHYRY Magnetite veins intercepted in SMD015 are important as a For personal use only proximal indicator to mineralisation The veins in this photo are similar to the Cadia Ridgeway E-1B ‘M’ veins see ASX announcement 12/01/2018 and available from www.stavely.com.au
Slide 29: Magnetite Veins as Proximal Indicator
THURSDAY’S GOSSAN PORPHYRY Magnetite veins intercepted in For personal use only SMD015 are important as a proximal indicator to mineralisation: ➢ SMD015 interpreted to have intercepted the equivalent of the E- 1 early phase of ‘M’ veins ➢ High-grade gold-copper mineralisation closely associated with
Slide 30: Thursday's Gossan Porphyry: SMD016
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD016 ➢ 45m interval of porphyry ‘M’ veins from 220m to 265m • also with early porphyry ‘A’ veins ➢ Moderate to strong hematite-magnetite+- actinolite alteration from 307m to 325m with very fine disseminated bornite and chalcopyrite ➢ Low-angle struc
Slide 31: Thursday's Gossan Porphyry: SMD017
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD017 ➢ 80m interval of porphyry ‘M’ veins from 408m to 488m • also with early porphyry ‘A’ veins ➢ The ‘M’ veins in SMD017 display similarities to the Cadia Ridgeway barren E-1A and E-1B veins but – importantly also the E-2 laminated ‘M’ veins that
Slide 32: SMD017 468m
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD017 468m The veins in this photo are similar to Cadia Ridgeway E-1A and E-1B veins and are likely barren but proximal to copper-gold mineralisation see ASX announcement 18/02/2018 and available from www.stavely.com.au
Slide 33: SMD017 470m
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD017 470m The laminated ‘M’ vein in this photo has inter-grown chalcopyrite with the magnetite and is similar to Cadia Ridgeway E-2 veins associated with the early copper-gold mineralisation event see ASX announcement 18/02/2018 and available from w
Slide 34: Toora West
For personal use only TOORA WEST
Slide 35: Yarram Park Project: Toora West Prospect
YARRAM PARK PROJECT For personal use only Toora West prospect ✓ Magnetic / gravity geophysical anomaly ✓ ‘Blind’ target beneath younger transported cover see ASX announcement 12/07/2017 and available from www.stavely.com.au
Slide 36: Yarram Park Project: Toora West Prospect
YARRAM PARK PROJECT Toora West prospect For personal use only ✓ Early 2017 drilling by Stavely Minerals has identified early, hot potassic porphyry-style alteration ✓ Subsequent extension to IP geophysical survey has identified a very large and very strong chargeability anomaly 500m in diameter at 5
Slide 37: Mount Stavely Porphyry and Fairview Gold
For personal use only MOUNT STAVELY PORPHYRY AND FAIRVIEW GOLD
Slide 38: Mount Stavely
MOUNT STAVELY For personal use only Mount Stavely Porphyry and Fairview Gold ✓ Interpreted buried porphyry reflected in pronounced gravity low ✓ 5km of peripheral mesothermal to epithermal gold associated with quartz-sulphide veins (adularia noted) see ASX announcements on 18/04/2017 and 21/07/2017
Slide 39: Fairview Gold Prospect
FAIRVIEW GOLD PROSPECT Fairview Gold Prospect For personal use only ✓ 5km strike of quartz-suphide vein related gold mineralisation ✓ Previous drilling intercepts including: ➢ 2.5m at 17.4 g/t gold from 28m drill 5km depth ➢ 2m at 16.1 g/t gold from 23m drill depth ➢ 4m at 6.7 g/t gold from 10m dril
Slide 40: Fairview Gold Prospect
FAIRVIEW GOLD PROSPECT Recent drilling by Stavely Minerals For personal use only intercepted wide intervals of shallow gold mineralisation including: ➢ 30m at 1.4 g/t gold from 47 metres drill 5km depth, including • 11 metres at 2.4 g/t gold ➢ 17m at 1.23g/t gold from 23m drill depth within a larger
Slide 41: Fairview Gold Prospect
FAIRVIEW GOLD PROSPECT For personal use only
Slide 42: Fairview Gold Prospect
FAIRVIEW GOLD PROSPECT For personal use only
Slide 43: Take Away Messages
For personal use only TAKE AWAY MESSAGES
Slide 44: Take Away Messages
TAKE AWAY MESSAGES For personal use only ✓ Stavely Minerals has conclusively demonstrated that copper plus gold alkalic porphyry-style mineralisation is present at Thursday’s Gossan ✓ Results to date are great but we are not yet in the sweet spot and grades should be very attractive when we do get t
Slide 45: 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