Auravelle Metals Limited · ASX:AUV
Auravelle Metals — Sipa Resources — RRS conference May 2018
17 slides from Auravelle Metals's conference presentation, May 2018
Slide 1: RRS conference May 2018
3 Key commodities 2 Belt scale land positions 1st mover explorer/discoverer RRS conference May 2018 1
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: Overview
OVERVIEW • Sipa is a first mover in under explored frontier mineral provinces • 2 high quality exploration projects - Ugandan nickel copper sulphide discovery - Emerging copper gold discovery in NW Australia • High % of total spend in the ground, technically driven, interested only in large discover
Slide 4: Royalty Portfolio
Royalty Portfolio Portfolio a legacy of discovery track record • Sulphur Springs copper-zinc (Venturex, under DFS, Sipa royalty* up to $3.7m) • Panorama – Kangaroo Caves (Venturex 40% of Royalty**) • Ashburton Gold Deposit mined 1999-2004 (now 1.7 million ounces, Northern Star, Sipa royalty***) • En
Slide 5: Corporate
CORPORATE Capital Structure Shareholders ASX Code SRI JM Financial 10.0% Shares (Ord.) (22/05/18) 1196m* Rodiv NSW P/L Pension Fund 4.8% Share Price (22/05/18) 1.2c Directors & Management 1.4% Market Cap $12.06m Total in top 20 31.0% Cash (at 31/03/18) $1.5m* *does not include 104M shares issued at
Slide 6: Highlights 2018 - Uganda
HIGHLIGHTS 2018 - Uganda Landmark Farm-in and JV Agreement with Rio Tinto validates Sipa’s exploration strategy Deal Terms • Staged Option to earn up to 75% by spending up to US$57M (A$73M) • Additional Cash payments of up to US$2M • Sipa to manage exploration for the initial period of 18 months 6
Slide 7: Kitgum Pader Project - Uganda
KITGUM PADER PROJECT - UGANDA Belt scale project on craton margin Consisting of • Akelikongo nickel sulphide discovery • Open down plunge • 14 prospective mafic ultramafic intrusions now identified 7
Slide 8: Kitgum Pader Project - Uganda
KITGUM PADER PROJECT - UGANDA • Nickel Sulphide discovery at Akelikongo 250m consists of disseminated and massive sulphide • Extends at least Red - Disseminated NiS >0.25% “leapfrog” shell + 0.08% Cu 400m from Yellow - Massive NiS >1% + 0.3% Cu surface 8
Slide 9: Exposure to Entire Nickel Province
EXPOSURE TO ENTIRE NICKEL PROVINCE Kitgum Pader Project- Uganda Compare with Fraser Range WA IGO JV Tenement Legend Tenement Katunguru Waligo Creasy Tenement Akelikongo Pamwa Jopudong Congo Aswa Palabek Karamoja Tim Odek Legend Nova Mine (Ni-Cu-Co) Various Diamond Core Goma Pyroxenite Feldspathic Py
Slide 10: Paterson North Project WA
PATERSON NORTH PROJECT WA • Key commodities gold copper • Key position in an emerging and world class gold and copper mineralised belt (Telfer at 25Moz is world class) • Paterson North has the address and the credentials and was, prior to Sipa/Ming - almost unexplored 10
Slide 11: Paterson North Project WA
PATERSON NORTH PROJECT WA • In 2016 when we commenced exploration, we were a first mover using our expertise, new drilling techniques, CSIRO technologies and WA government EIS co-funding leverage • Today North Paterson Western Australia is now the hottest land 2018 position in the country with Rio 2
Slide 12: Exploration advancing to discovery
Exploration advancing to discovery Year 1 -2016 Year 2 - 2017 Year 3 - 2018 Targeting using regional Test proof of concept, Re-interpret magnetics data sets, broad initial diamond drilling, based on new drill data. regional reconnaissance experiment with different New regional drill drilling. techno
Slide 13: Obelisk – priority target
Obelisk – priority target • Copper plus Mo- Bi-W-Ag >2km long anomaly • Peak of anomaly untested 250m along strike from PNA070 planned for this field season 13
Slide 14: Paterson North – Regional Targets
PATERSON NORTH – Regional Targets • New targets from modelling of geophysics using Andromeda parameters from Jordanus 2016-7 exploration Aranea • Ground Asselli geophysics to Obelisk better define drill targets for this field season 14
Slide 15: Plan Forward
PLAN FORWARD Paterson Ground geophysics prior to drilling in June to test Obelisk NW, Andromeda, Aranea, Asselli and Jordanus. Targets to be tested with RC aircore under EIS co-funded project grants. (up to $300,000 ) Uganda Geochemistry mapping and gravity over 14 nickel targets/intrusions with dri
Slide 16: Highly Experienced Board
HIGHLY EXPERIENCED BOARD Multi-disciplinary skill-sets with extensive mining and exploration experience Craig McGown – Non-Executive Chairman Investment Banker over four decades consulting to companies in Australia and internationally particularly in the natural resources sector. Executive director
Slide 17: Highly Experienced Management
HIGHLY EXPERIENCED MANAGEMENT Multi-disciplinary skill-sets with extensive mining and exploration experience Tara Robson – Company Secretary – CFO, Investor Relations Over twenty years of experience managing listed entities including Anvil Mining and Brockman Resources. Fellow of Governance Institut