Stavely Minerals Ltd · ASX:SVY
Stavely Minerals — Shareholder Meeting (November 2018)
54 slides from Stavely Minerals's shareholder meeting presentation, Nov 28, 2018
Slide 1: AGM Presentation 2018
For personal use only AGM Presentation 2018
Slide 2: Vale William 'Bill' Plyley
Vale William ‘Bill’ Plyley For personal use only Sadly, Bill passed away on the 19th November 2018. Bill was Stavely Minerals’ inaugural Chairman of the Board of Directors. His previous role with us was as Non-Executive Director of Integra Mining Limited up to the take-over by Silver Lake Resources
Slide 3: 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 4: Corporate snapshot
STAVELY MINERALS For personal use only ASX Code – SVY Shares on Issue – 156M Share Price - $0.295 Market Cap - $46M Cash (30/09/18) - $4.4M* Management & Staff ~38% equity *Excludes Titeline Drilling agreement and Victorian Gov’t co-funding Directors $0.60 2,500,000 Chris Cairns $0.50 Volume Close 2
Slide 5: Take Away Messages
TAKE AWAY MESSAGES For personal use only 1. Stavely provides good value for investors – currently ~80% of expenditure is ‘in the ground’ 2. Stavely has conclusively demonstrated that a copper-gold porphyry is present at Thursday’s Gossan 3. Recent drill results demonstrate that we are very close to
Slide 6: Projects
For personal use only PROJECTS
Slide 7: 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 8: Stavely Project – New Block
STAVELY PROJECT – NEW BLOCK 3 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 pros
Slide 9: 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 with 2 x IP programmes just comp
Slide 10: New! Mathinna Project
NEW! MATHINNA PROJECT For personal use only Stavely Tasmania Pty Ltd has been granted priority application rights for an EL over the Mathinna Goldfield ✓ Historic production reported to be 289,000 ounces – not including alluvial production ✓ The New Golden Gate mine produced 254,000 ounces at an ave
Slide 11: 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 12: 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 13: 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 Jus
Slide 14: 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 15: 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 16: 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 see ASX announcement 22/02/2017 and available from www.stave
Slide 17: 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 18: 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 19: Thursday's Gossan RC drilling
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 20: 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 21: Thursday's Gossan Diamond Tails
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 22: Thursday's Gossan diamond drill results
THURSDAY’S GOSSAN PORPHYRY For personal use only Diamond drill results: • 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 and 0.22g/t gold These broad interce
Slide 23: Thursday's Gossan Porphyry
THURSDAY’S GOSSAN PORPHYRY STAVELY MINERALS For personal use only We see something different to those who were there before us…
Slide 24: Porphyry M veins
For personal use only Porphyry M veins (now we are close, very close)
Slide 25: Thursday's Gossan: late D veins in SMD015
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% copper
Slide 26: 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 +120m intercept of classic porphyry M veins: ➢ Typical of gold-rich porphyries ➢ Veins in this photo are similar to the E-1A M veins at Cadia R
Slide 27: Magnetite veins as proximal indicator
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 28: SMD017
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD017 ➢ 80m interval of porphyry M veins from 408m to 488m – below the LAS • 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’ v
Slide 29: 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 30: 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 www
Slide 31: SMD026
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD026 ➢ Intercepted another major structure below the LAS ➢ The north-south (NS) structure has a component of dextral strike-slip ➢ Higher grades of gold encountered: ➢ 1m at 5.68g/t gold west ➢ 28m at 0.21% copper and 0.27g/t gold, side including no
Slide 32: Drill Prospecting the NSS
THURSDAY’S GOSSAN PORPHYRY For personal use only Drill Prospecting the NSS ➢ Drilled 6 fences of 2 x holes ‘prospecting’ the NS structure looking for the hotter portion before drilling deeper ➢ SMD035 and SMD036 intercepted M veins on the western side of the NS structure ➢ Drill hole SMD041 has also
Slide 33: Why Do We Think We See Something Others Did Not?
For personal use only Why Do We Think We See Something Others Did Not?
Slide 34: Stavely Volcanic Belt
STAVELY VOLCANIC BELT For personal use only Structural offset on BOTH the low- angle structure AND the north- south structure The rest of the presentation will deal with a ‘composite’ cross section – it does incorporate a small amount of artistic licence to incorporate what we are seeing across stru
Slide 35: Composite section - key elements
STAVELY VOLCANIC BELT For personal use only Composite section - key elements 1. Pre-mineralisation host units are: • Sandstone/siltstone • Andesite flows • Serpentinite 2. Pre- / Syn –mineralisation intrusions include: • Quartz diorite porphyry • Micro-diorite porphyry • High-P microdiorite • Dacite
Slide 36: Composite section - key elements
STAVELY VOLCANIC BELT For personal use only Composite section - key elements 4. Aplite vein-dykes and porphyry A- M veins 5. Porphyry M veins i. Magnetite ± quartz ii. Quartz with magnetite margins ± magnetite centrelines iii. Laminated M veins 6. Late dacite and lamprophyre dykes Note – this compos
Slide 37: Takeaway Messages
TAKEAWAY MESSAGES For personal use only 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, it’s structurally complicated 4. We are confident we will find it 5. We can’t tell you what the size and grade will be u
Slide 38: Mount Stavely Porphyry and Fairview Gold
For personal use only MOUNT STAVELY PORPHYRY AND FAIRVIEW GOLD
Slide 39: 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 and alunite noted) see ASX announcements on 18/04/2017 and
Slide 40: Fairview Gold Prospect
FAIRVIEW GOLD PROSPECT For personal use only Fairview Gold Prospect ✓ 5km strike of quartz-sulphide 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 dri
Slide 41: Fairview Gold Prospect
FAIRVIEW GOLD PROSPECT For personal use only Recent drilling by Stavely Minerals intercepted wide intervals of shallow gold mineralisation including: 5km ➢ 30m at 1.4 g/t gold from 47 metres drill depth, including • 11 metres at 2.4 g/t gold ➢ 17m at 1.23g/t gold from 23m drill depth within a larger
Slide 42: Fairview Gold Prospect
FAIRVIEW GOLD PROSPECT For personal use only
Slide 43: Fairview Gold Prospect
FAIRVIEW GOLD PROSPECT For personal use only
Slide 44: Fairview Gold Prospect
FAIRVIEW GOLD PROSPECT For personal use only No previous drilling into the gravity low features – interpreted to reflect the less dense porphyry / alteration at depth ✓ Will be drilled before Christmas
Slide 45: Ravenswood Project
For personal use only RAVENSWOOD PROJECT
Slide 46: Ravenswood Gold Project
RAVENSWOOD GOLD PROJECT For personal use only Connolly North Prospect ✓ North side of the Burdekin River ✓ 15km from the operating Ravenswood Gold Mine Area 8 Prospect ✓ South side of the Burdekin River ✓ 25km from the operating Panjingo Gold Mine
Slide 47: Ravenswood Gold Project: Connolly North
RAVENSWOOD GOLD PROJECT For personal use only Connolly North ✓ Very strong stream sediment results to 7.29g/t gold ✓ Very strong rock-chip results to 36.6g/t gold ✓ Strong IP chargeability anomaly ✓ Drill ready subject to heritage survey and landholder access agreement see ASX announcement 17 July 2
Slide 48: Ravenswood Gold Project: Area 8
RAVENSWOOD GOLD PROJECT For personal use only Area 8 ✓ Highly anomalous rock- chip results to: 0.65g/t gold, 106g/t silver, 1.44% copper ✓ Low-sulphidation epithermal vein character and strong arsenic / antimony anomalism ✓ IP resistivity anomaly ✓ Drill ready see ASX announcement 17 July 2018, and
Slide 49: Mathinna Gold Project
For personal use only MATHINNA GOLD PROJECT
Slide 50: New! Mathinna Project
NEW! MATHINNA PROJECT For personal use only Stavely Tasmania Pty Ltd has been granted priority application rights for an EL over the Mathinna Goldfield ✓ Historic production reported to be 289,000 ounces – not including alluvial production ✓ The New Golden Gate mine produced 254,000 ounces at an ave
Slide 51: New! Mathinna Project agreement
NEW! MATHINNA PROJECT For personal use only Stavely Tasmania Pty Ltd has an agreement with Bestlevel Pty Ltd ✓ Stavely 51% project equity and manager ✓ Milestone payments to Bestlevel ✓ Right to earn up to 85% in two stages ✓ Contribute or dilute after 85% earn-in ✓ If Bestlevel drop below 5% they r
Slide 52: Take Away Messages
For personal use only TAKE AWAY MESSAGES
Slide 53: Take Away Messages
TAKE AWAY MESSAGES ✓ Stavely Minerals has conclusively demonstrated that a copper- For personal use only gold porphyry 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 there ✓ We are confident we will
Slide 54: 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
Stavely Minerals — Shareholder Meeting (November 2018) on 6ix