Auravelle Metals Limited · ASX:AUV
Auravelle Metals — Sipa Resources — Resources Rising Stars (June 2017)
22 slides from Auravelle Metals's conference presentation, June 2017
Slide 1: Frontier Mineral Discovery – Resources Rising Stars
Frontier Mineral Discovery Resources Rising Stars 06/2017 Lynda Burnett
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: Company Overview
Company Overview Sipa is an established minerals explorer and discoverer with a successful track record Our two current discoveries provide strong Strike drilling Paterson North leverage to our share price. Recent drill results at Akelikongo in Uganda continue to improve the potential and grade of t
Slide 4: Corporate
Corporate Capital Structure Shareholders ASX Code SRI Rodiv NSW P/L Pension Fund 5.0% Shares (Ord.) 929m Terry and Suzanne Kahler 3.7% (30/05/17) Directors & Management 1.2% Share Price 1.4c Total in Top 20 24.0% (18/05/17) Market Cap A$13m Board and Management Cash (at 31/3/17) A$3.2 Craig McGown C
Slide 5: Paterson North
Paterson North › Located in North Western Australia › 5 hours drive from Port Hedland › Antipa/Rio Tinto hold tenements to the south and west of Sipa’s ground › Sipa’s holding is just under 1000sq km 5
Slide 6: Paterson North
Paterson North 122° › Unexplored Paterson Province Deep Cover extending undercover Obelisk prospect › Target is very large intrusion related Calibre Magnum system i.e. Telfer (Au, Cu), Deep Cover Paterson Province under shallow cover OCallaghans (W, Cu), Magnum, -21° -21° Calibre (Cu, Au) › Rece
Slide 7: Paterson North
Paterson North 122° › Unexplored Paterson Province Deep Cover extending undercover Obelisk prospect › Target is very large intrusion related Calibre Magnum system i.e. Telfer (Au, Cu), Deep Cover Paterson Province under shallow cover OCallaghans (W, Cu), Magnum, -21° -21° Calibre (Cu, Au) › Rece
Slide 8: Paterson North - Magnetics and Drilling
Paterson North - Magnetics and Drilling › In 2016 Sipa drilled a large area of interest with copper anomalism >250ppm over a 4km long trend › 15 /27 holes of the current program were drilled at Obelisk and the remainder on regional geophysical targets › The recently completed program has highlighted
Slide 9: Obelisk discovery– intrusion related Cu-Au-Mo-W system
Obelisk discovery– intrusion related Cu-Au-Mo-W system › Within >500ppm Cu zone a continuous >1000ppm zone has been identified › Initial assay result from PNA065 returned 46m at 0.12% Cu + Ag, Mo, W within 62m at 0.09% Cu + Ag, Mo, W (EOH) › Strong magnetic and gravity high located immediately under
Slide 10: Obelisk Drill Section
Obelisk Drill Section › Fresh bedrock is mineralised for entire length >500ppm Cu with wide zones >1000ppm Cu › Individual assays of up to 0.25% Cu 0.3% Tungsten (W) (grade of OCallaghans deposit) 1.26g/t Au (PNA014) 1.4g/t Ag 263ppm Mo 10
Slide 11: Forward Program – Q3 2017
Forward Program – Q3 2017 Paterson › Ground and down hole geophysics to further target under the area drilled by RC holes 65, 66 and 70 › Diamond drill target to test deeper and to explain the geophysics 11
Slide 12: Uganda – Kitgum Pader Project
Uganda – Kitgum Pader Project Located in the highly prospective north-east margin of the Congo super-craton. 12
Slide 13: Uganda – Part of East African new frontier for oil and minerals
Uganda – Part of East African new frontier for oil and minerals › Oil discovered 2006 by Tullow. › Tullow sold to Total $3B in 2012. › Oil Production aimed for 2020 › New hydro, roads, rail to support East African oil developments › Peace in Northern regions long and › A country open for lasting, st
Slide 14: Fraser Institute-Economic Freedom of the World 2016
10.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 Countries New Zealand Georgia Unit. Arab Em. Qatar Lithuania Armenia Denmark Taiwan Latvia Germany Norway Seychelles Slovak Rep Albania Bulgaria Nicaragua Spain Uganda France Montenegro Malaysia Macedonia Italy Kuwait Bhutan Zambia Croatia Taji
Slide 15: Akelikongo Nickel Discovery
Akelikongo Nickel Discovery › 100% owned and generated by Sipa › Genuine frontier greenfields discovery › Setting identical to Nova Bollinger (IGO) › Pipe or shoot is of similar dimensions › Discovery to date indicates a large plunging shoot of disseminated and massive nickel and copper sulphides (c
Slide 16: Akelikongo Deposit
Akelikongo Deposit › 84.5m @ 0.42% Ni and 0.17% Cu (AKD017) 38m @ 0.51% Ni and 0.17% Cu (AKCD006) 7m @ 1.04% Ni and 0.35% Cu (AKCD006) Disseminated Nickel >0.11% Blue › Ni Tenor positive(% of Ni in 100% Disseminated Sulphides) Ni>0.26% Red Massive zones average 5-6% Massive sulphide zones in Yellow
Slide 17: Akelikongo Deposit
Akelikongo Deposit › 84.5m @ 0.42% Ni and 0.17% Cu (AKD017) 38m @ 0.51% Ni and 0.17% Cu (AKCD006) 7m @ 1.04% Ni and 0.35% Cu (AKCD006) Disseminated Nickel >0.11% Blue › Ni Tenor positive(% of Ni in 100% Disseminated Sulphides) Ni>0.26% Red Massive zones average 5-6% Massive sulphide zones in Yellow
Slide 18: Drill results increasing in average grade
Drill results increasing in average grade › Improved knowledge of Ni(eq)% range for successive reported drill the mineral system intercepts 4 from each of the last 3.5 three drill programs has 3 % Ni equivalent shown an improvement 2.5 in the Ni grade 2 1.5 › This indicates effective 1 vectoring tow
Slide 19: Next steps
Next steps › Test down plunge extent by drilling › Recent down hole EM shows three main zones of conductors two of which require further drill testing including the main shoot Target zones from DHEM down plunge 19
Slide 20: Forward Program – Q3 2017
Forward Program – Q3 2017 Paterson › Ground and down hole geophysics to further target under the area drilled by RC holes 65, 66 and 70 › Diamond drill target to test deeper and to explain the geophysics Uganda › Diamond drilling planned down plunge to test for thicker and stronger massive sulphide
Slide 21: Summary
Summary › 2 exciting discovery projects with developing positive stories with leverage to Cu Au and Ni price We are stuck here but….. › Significant news flow with drilling results at both projects likely to lead to rerating of company up the discovery share price curve › Exploration risk is reducing
Slide 22: Thank you
ASX Code SRI Thank you Sipa Resources Limited T +61 (0)8 9388 1551 12-20 Railway Road E info@sipa.com.au Subiaco, 6008 Western Australia Twitter #siparesources www.sipa.com.au