Stavely Minerals Ltd · ASX:SVY
Stavely Minerals — Investor Presentation (March 2019)
44 slides from Stavely Minerals's investor presentation, Mar 27, 2019
Slide 1: Knocking on the Door to Discovery in Western Victoria
For personal use only Knocking on the Door to Discovery in Western Victoria (and Queensland, and Tasmania) March 2019
Slide 2: Disclaimer
For personal use only STAVELY MINERALS 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: Stavely Minerals corporate snapshot and directors
For personal use only STAVELY MINERALS ASX Code – SVY Shares on Issue – 157M Share Price - $0.335 Market Cap - $52.6M Cash (31/12/18) - $2.3M* Management & Staff ~38% equity *Excludes Titeline Drilling agreement and Victorian Gov’t co-funding Directors $0.40 1,200,000 Volume Close Chris Cairns $0.35
Slide 4: Stavely Minerals Business Units
For personal use only STAVELY MINERALS BUSINESS UNITS Two main business units: 1. Exploring for giant copper-gold porphyries in western Victoria Thursday’s Gossan with recent drill intercepts including: • 952m at 0.23% copper, including • 10m at 2.43% copper and 0.30g/t gold, and • 38.3m at 1.59%
Slide 5: Stavely's business units reflect two resource market thematics
For personal use only STAVELY MINERALS BUSINESS UNITS Stavely’s business units reflect two strong resource market thematics: 1. Tier 1 copper-gold porphyry July 2013 – China Molybdenum Co Ltd buys 80% of the North Parkes copper-gold porphyry assets from Rio Tinto for US$820m March 2019 – Newcres
Slide 6: What are 'normal' porphyry grades?
For personal use only What are ‘normal’ porphyry grades? Cadia East Underground Indicated Mineral Resource (Newcrest, 2018): 2.9Bt at 0.26% copper and 0.36g/t gold Red Chris Measured and Indicated Mineral Resources (Imperial Metals, 2012): 1.25Bt at 0.32% copper and 0.32g/t gold Alpala Indicated and
Slide 7: Take Away Messages
For personal use only TAKE AWAY MESSAGES 1. Stavely provides good value for investors – currently ~80% of expenditure is ‘in the ground’ 2. Stavely is well in the hunt for a giant copper-gold porphyry at Thursday’s Gossan 3. These porphyries are amongst the largest gold deposits in the world 4. Rece
Slide 8: Projects
For personal use only PROJECTS
Slide 9: Victorian Project Locations
For personal use only VICTORIAN PROJECT LOCATIONS The Ararat Project is prospective for VMS base metals-gold and ‘Stawell- style’ gold mineralisation. The Stavely, ‘Block 3’, Yarram Park and Black Range Projects are prospective for ancient porphyry copper-gold and VMS base metals-gold mineralisation
Slide 10: Queensland Project Location
For personal use only QUEENSLAND PROJECT LOCATION The Ravenswood Project is prospective for: • porphyry copper-moly-gold, • quartz-sulphide vein-hosted gold • breccia-hosted gold mineralisation • epithermal gold • VMS copper-gold 2 drill-ready targets to be tested in April 2019
Slide 11: Tasmania Project Locations
For personal use only TASMANIA PROJECT LOCATIONS The Mathinna Project is prospective for: • quartz-sulphide vein-hosted gold Produced ~300,000 ounces of gold at an average grade of 26g/t gold* Stavely has just agreed to purchase the Beaconsfield gold process plant, located 130km away by road. *see A
Slide 12: Mineral Resources
For personal use only MINERAL RESOURCES1 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 13: Porphyry Discovery Opportunities: Thursday's Gossan, Mount Stavely and Others
For personal use only PORPHYRY DISCOVERY OPPORTUNITIES: THURSDAY’S GOSSAN, MOUNT STAVELY AND OTHERS
Slide 14: Stavely Volcanic Belt
For personal use only STAVELY VOLCANIC BELT 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 Rec
Slide 15: Thursday's Gossan Porphyry
For personal use only THURSDAY’S GOSSAN PORPHYRY Thursday’s Gossan Chalcocite Blanket Inferred Mineral Resources of 28Mt at 0.4% copper for 110kt of contained copper Rail line crosses the project and goes direct to a deep water port at Portland
Slide 16: Thursday's Gossan Porphyry: This Time Last Year
For personal use only THURSDAY’S GOSSAN PORPHYRY This Time Last Year… Drilling had focussed on two parallel copper-gold mineralised trends at the northern end of the chalcocite blanket
Slide 17: Thursday's Gossan Porphyry: This Time Last Year
For personal use only THURSDAY’S GOSSAN PORPHYRY This Time Last Year… Drilling had focussed on two parallel copper-gold mineralised trends at the northern end of the chalcocite blanket 4 x fences of 5 RC drill holes Many required diamond drill ‘tails’
Slide 18: Thursday's Gossan RC Drilling (north section)
For personal use only THURSDAY’S GOSSAN PORPHYRY 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 19: Thursday's Gossan Diamond Tails (north section)
For personal use only THURSDAY’S GOSSAN PORPHYRY 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 20: Additional diamond drill results
For personal use only THURSDAY’S GOSSAN PORPHYRY Additional diamond drill results: • 314m at 0.11% copper • 283m at 0.16% copper • 194m at 0.16% copper • 85m at 0.35% copper and 0.18g/t gold • 124m at 0.31% copper and 0.12g/t gold • 92m at 0.34% copper and 0.12g/t gold, incl • 30m at 0.50% copper an
Slide 21: SMD042 and SMD044
For personal use only THURSDAY’S GOSSAN PORPHYRY SMD042 and SMD044 SMD042 drilled just prior to Christmas Intercepted the NS structure 225m earlier than expected Required a re-think of the structural geometries 1. The LAS was not mineralised to the north but was to the south 2. The NS structur
Slide 22: SMD044
For personal use only THURSDAY’S GOSSAN PORPHYRY SMD044 Large low-grade intercept of 952m at 0.23% copper – reflects a very large system Included 70m of chalcopyrite mineralisation – 70m at 0.51% copper including: • 10m at 2.43% copper and 0.30g/t gold Intercepted another interval of chalcopyr
Slide 23: SMD044 core photos
For personal use only THURSDAY’S GOSSAN PORPHYRY SMD044 Anhydrite-pyrite-chalcopyrite vein at 589m Anhydrite stockwork veining with well- developed chalcopyrite at 622.6m see ASX announcement 11/02/2019 and available from www.stavely.com.au
Slide 24: SMD044 silica-pyrite mineralisation
For personal use only THURSDAY’S GOSSAN PORPHYRY SMD044 Silica-pyrite mineralisation cut by bornite-chalcocite at 924.3m see ASX announcement 18/02/2019 and available from www.stavely.com.au
Slide 25: Copper Lode Structure (CLS)
For personal use only THURSDAY’S GOSSAN PORPHYRY Copper Lode Structure (CLS) Intercepted in a couple of holes: STRC019D – 3m at 2.65% copper and 1.17g/t gold 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
Slide 26: Copper Lode-style mineralisation
For personal use only THURSDAY’S GOSSAN PORPHYRY Copper Lode-style (think Magma Mine veins) pyrite-chalcopyrite-bornite-covellite-chalcocite mineralisation from 542.5m – note the chalcocite occurs as late network veins within the more massive sulphides see ASX announcement 18/12/2018 and available f
Slide 27: Copper Lode Structure
For personal use only THURSDAY’S GOSSAN PORPHYRY Copper Lode Structure These structures are very important: 1. They are a genuine exploration target in their own right – high grade, intercepted over 400m vertically and ~500m along strike – an analogy would be the Magma Mine, Superior Arizona 2. They
Slide 28: Magma Mine and the Resolution Porphyry
For personal use only THURSDAY’S GOSSAN PORPHYRY Magma Mine and the Resolution Porphyry Can follow the Magma copper lode veins to the Resolution copper porphyry: 1.8Bt at 1.53% copper (Rio Tinto, 2018)
Slide 29: Takeaway Messages
For personal use only TAKEAWAY MESSAGES 1. An undiscovered copper-gold porphyry exists at Thursday’s Gossan 2. They are amongst the largest gold deposits in the world 3. At 500Ma of age, it’s structurally complicated 4. We remain confident we will find it 5. We can’t tell you what the size and grade
Slide 30: Mount Stavely
For personal use only MOUNT STAVELY
Slide 31: Stavely Project: Mount Stavely Prospect
For personal use only STAVELY PROJECT Mount Stavely Prospect Both Thursday’s Gossan and Mount Stavely are expressed as lows in the gravity data
Slide 32: Stavely Project: MSD001
For personal use only STAVELY PROJECT Mount Stavely Prospect MSD001 (the first drill hole ever into Mount Stavely) intercepts chalcopyrite and bornite
Slide 33: Stavely Project: MSD001 veins and alteration
For personal use only STAVELY PROJECT Mount Stavely Prospect MSD001 (the first drill hole ever into Mount Stavely) Quartz-carbonate veins with chalcopyrite rimmed by bornite Hematite alteration There’s another porphyry out there…. see ASX announcement 18/12/2018 and available from www.stavely.
Slide 34: Queensland
For personal use only QUEENSLAND
Slide 35: Queensland Projects: Connolly Prospect, Ravenswood
For personal use only QUEENSLAND PROJECTS Connolly Prospect, Ravenswood Rock-chips results: • 36.6g/t gold • 14.8g/t gold • 12.75g/t gold Similar to the Sarsfield deposit at Ravenswood Gold Mine (15km away) Drill-ready for 1 April see ASX announcement 17/07/2018 and available from www.stavely.co
Slide 36: Tasmania
For personal use only TASMANIA
Slide 37: Mathinna Gold and Beaconsfield
For personal use only MATHINNA GOLD AND BEACONSFIELD The Mathinna Project is prospective for: • quartz-sulphide vein-hosted gold Produced ~300,000 ounces of gold at an average grade of 26g/t gold* Stavely has just agreed to purchase the Beaconsfield gold process plant, located 130km away by road. *s
Slide 38: Mathinna Gold Project
For personal use only MATHINNA GOLD PROJECT
Slide 39: Mathinna Goldfield
For personal use only MATHINNA GOLD PROJECT Mathinna Goldfield To closure in 1932, the Mathinna Goldfield produced circa 300,000 ounces of gold at an average grade of 26g/t gold* Vertically extensive high-grade gold mineralisation Very little modern work done since Stavely granted priority rig
Slide 40: Mathinna Goldfield: ERA1118 granted
For personal use only MATHINNA GOLD PROJECT Mathinna Goldfield Stavely (Tasmania) has just also been granted ERA1118 (68km2) covering the remainder of the high-grade Mathinna Goldfield not covered by EL19/2018 *see ASX announcement 26 November 2018 and 22 March 2019, available from www.stavely.com.a
Slide 41: Beaconsfield Gold Plant
For personal use only BEACONSFIELD GOLD PLANT Beaconsfield Deal Payment of a $250,000 deposit on execution, to be held in trust pending completion; Payment of the balance of $1,750,000 within 90-days of execution at completion; On completion, all assets associated with the Beaconsfield Gold Pr
Slide 42: Take Away Messages
For personal use only TAKE AWAY MESSAGES
Slide 43: Take Away Messages
For personal use only TAKE AWAY MESSAGES Copper-Gold Porphyry Assets Stavely Minerals is well in the chase for a copper-gold porphyry 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 there Drilling on-going
Slide 44: Thank You
For personal use only STAVELY MINERALS 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
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