Auravelle Metals Limited · ASX:AUV
Auravelle Metals — Sipa Resources — Non-Deal Roadshow (December 2009)
22 slides from Auravelle Metals's roadshow presentation, December 2009
Slide 1: December 2009 Roadshow
Sipa Resources Limited ABN 26 009 448 980 Sipa Resources Limited December 2009 Roadshow Mike Doepel (Managing Director)
Slide 2: Sipa Projects
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 Sipa Projects In 3 of the Hottest Areas in Australia Tennant Creek West Warrego & Meteroic Goldfield JV at Tennant Creek DeGrussa – Tennant Creek Conductor 1 Thaduna Thaduna near Doolgunna Tropicana Sandfire Copper – Gold Woodline Di
Slide 3: Tennant Creek Goldfield
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 Tennant Creek Goldfield Current Focus - WestGold’s Rover 1: intersections like 128m @ 1.2g/t Au, 1.2% Cu, followed by 7m @ 185g/t Au & 16m @ 9.7g/t Au Emmerson Resources $28m free-carry by Robert Friedland’s Ivanhoe Australia
Slide 4: Tennant Creek Goldfield
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 Tennant Creek Goldfield Historically - One on the highest grade goldfields in Australia : 5 MOZ @ 14g/t, plus 345,000 tonnes Cu @ 3% No exploration since late 1960’s on Sipa’s West Warrego Project west of Warrego Granite Sipa should
Slide 5: Tennant Creek Making a Goldfield
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 Tennant Creek a Company – Making Goldfield Juno made PekoWallsend 0.5mt @ 57g/t Au, o.4% Cu – 0.9 MOZ White Devil made Normandy 1.3mt @ 15g/t Au – 0.7 MOZ
Slide 6: West Warrego & Meteoric JV
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 West Warrego & Meteoric JV Sipa may earn 70% of 525 km2 No outcrop west of granite. No exploration since 1960’s & No records of that
Slide 7: West Warrego Project
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 West Warrego Project Detailed gravity shows alteration ridges
Slide 8: West Warrego Project
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 West Warrego Project Detailed magnetics shows magnetic bullseyes where Sipa’s first 4 drillholes intersected magnetite-chlorite & haematite Tennant Creek – style ironstones
Slide 9: West Warrego Project
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 West Warrego Project WWDD 4 WWDD 3 WWDD 1 WWDD 2 Copper- magnetite – chlorite vein
Slide 10: West Warrego & Meteoric JV
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 West Warrego & Meteoric JV At least 50 anomalies for drilling Reconnaissance and systematic geochemistry planned
Slide 11: Thaduna & Ilgarari Copper Projects
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 Thaduna & Ilgarari Copper Projects Location: Well located with respect to : Sandfire Gas Pipeline Great Northern Highway
Slide 12: Thaduna Project & Sandfire's Doolgunna Project
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 Thaduna Project & Sandfire’s Doolgunna Project Copper ‘smoke’ of old mines & 30k of Jenkin Fault in Sipa’s tenements
Slide 13: Sandfire's Doolgunna Project
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 Sandfire’s Doolgunna Project DeGrussa – Conductor 1 & 4 drill section Most significant copper-gold discovery in WA ‘ever!’
Slide 14: Thaduna Project
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 Thaduna Project 8 km long Cu – Au Johnson Cairn Prospect on & near Jenkin Fault & magnetic anomaly -? buried intrusive
Slide 15: Johnson Cairn Prospect
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 Johnson Cairn Prospect Au Limited drilling, but up to 3.5 g/t gold & 0.3% copper Cu
Slide 16: Woodline Gold & Basemetals Project
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 Woodline Gold & Basemetals Project Sipa initial interest based on: Archaean rocks, their ‘alteration & mineralisation’ But, advances at Tropicana in late 2006 ‘added new dimension’!
Slide 17: Woodline Gold & Base-metals Project
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 Woodline Gold & Base-metals Project Sipa & Sipa – Comet & Sipa - Image: 2,000 sq km AngloGold Ashanti - Independence: ~ 15,000 sq km
Slide 18: Woodline Gold & Base-metals Project
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 Woodline Gold & Base-metals Project TROPICANA AngloGold Ashanti - Independence Tropicana – 5 MOZ gold CORVETTE Beachcomber – 3m @ 66g/t gold Corvette Resources BEACHCOMBER Corvette – 3m @ 40g/t gold SIPA TENEMENTS
Slide 19: Tropicana Gold Deposits
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 Tropicana Gold Deposits AngloGold – IGO proposed open cuts for 5 MOZ Tropicana Gold Deposits
Slide 20: Socrates Prospect
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 Socrates Prospect ? Golden Mile - Kanowna Belle up to 10 g/t from this outcrop & styles of mineralisation 22m @ 3 g/t in drillhole
Slide 21: Heraclitus Prospect
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 Heraclitus Prospect Tropicana-style geology, very large gold-in-calcrete anomalies Only 3 RC holes – but significant gold!
Slide 22: In Conclusion
Sipa Resources Limited December 2009 - Roadshow ABN 26 009 448 980 In Conclusion We are well set up for 2010 with projects in 3 of the hottest exploration areas in Australia Airborne EM at Thaduna in January Drilling at Socrates & Heraclitus February The information in this report that relates to Ex