Auravelle Metals Limited · ASX:AUV
Auravelle Metals — Sipa Resources — Investor Presentation (February 2019)
23 slides from Auravelle Metals's investor presentation, February 2019
Slide 1: Sipa Resources: African and Australian Update
Sipa Resources African and Australian Update February 2019 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 • 1st mover and greenfields explorer in frontier mineral provinces in Africa and Australia • High quality exploration projects 1) Ugandan nickel copper sulphide discovery – JV with Rio 2) Obelisk copper gold discovery at Paterson North W Australia 3) Barbwire Terrace MVT Zinc project W Aust
Slide 4: Overview
OVERVIEW Very high >83%* of funds raised spent in the ground. Strong in-house technical direction. * Admin to exploration costs ratio over past six years • In the past 3 years Sipa has leveraged additional funding via • WA Govt EIS grants $ 456,000 • Innovation connections –Federal govt funding $150
Slide 5: Corporate
CORPORATE Capital Structure Shareholders ASX Code SRI Rodiv NSW P/L Pension Fund 6.8% Shares (Ord.) (31/01/19) 1533m JM Financial 5.1% Share Price (31/01/19) 0.9c Directors & Management 1.6% Total in top 20 23.4% Market Cap (31/01/19) $13.8m Cash (at 30/12/18) $4.4*m Board Tim Kennedy Chairman * Inc
Slide 6: Highly Experienced Board
HIGHLY EXPERIENCED BOARD Multi-disciplinary skill-sets with extensive mining and exploration experience Tim Kennedy – Non-Executive Chairman Geologist with successful thirty year career most recently as Exploration Manager Independence Group NL. Involved in the discoveries of Tropicana and Karlawind
Slide 7: Highly Experienced Management
HIGHLY EXPERIENCED MANAGEMENT Tara Robson – Company Secretary – CFO, Investor Relations Over twenty years of experience managing listed entities including Anvil Mining and Brockman Resources. Fellow of Governance Institute. Joshua Tuhumwire – Director Sipa Exploration Uganda Limited Geologist ex Uga
Slide 8: Highlights 2018 - Uganda
HIGHLIGHTS 2018 - UGANDA Landmark Farm-in and JV Agreement with Rio Tinto validates Sipa’s exploration strategy • Staged Option to earn up to 75% by spending up to US$57M Plus cash of up to US$2M • Sipa currently managing exploration for the initial period of 18 months • 1st phase Gravity surveying
Slide 9: Kitgum Pader Ni-Cu - Uganda
KITGUM PADER Ni - Cu - UGANDA Belt scale project on NE Congo craton margin • Analogous geological setting to other intrusive hosted nickel and copper sulphide deposits such as Nova (Yilgarn Craton Margin) 9
Slide 10: Kitgum Pader - Province Exposure
KITGUM PADER -PROVINCE EXPOSURE • 2500 sq km land holding • 100 km long belt with 14+ nickel anomalous prospective intrusions
Slide 11: Kitgum Pader - Akelikongo
KITGUM PADER -AKELIKONGO • Nickel Sulphide AKD017 discovery at Akelikongo 250m • Thick (>100m) continuous widths of disseminated and massive Red - Disseminated NiS >0.25% “leapfrog” shell + 0.08% Cu Nickel and Copper Yellow - Massive NiS >1% + 0.3% Cu sulphides • Extends at least 400m from surface
Slide 12: Kitgum Pader - AKD 017
KITGUM PADER - AKD 017 84.5m @ 0.37% Ni 0.16% Cu 215.1m 216.1m 217.2m 217.9m 218.3m 219.15m
Slide 13: Strong Community Presence
STRONG COMMUNITY PRESENCE • Focussed on empowering girls to stay at school through “Days for Girls” feminine hygiene and education • Distributed around 3000 kits to girls at over 31 schools in 3 Girls receiving their reusable sanitary hygiene kits years
Slide 14: Paterson North Cu-Au WA
PATERSON NORTH Cu – Au WA • Large land position in an emerging and world class gold and copper mineralised belt (Telfer at 25Moz is world class) • Explorable depths <100m amenable to airborne and ground geophysics and reconnaissance RC aircore drilling
Slide 15: Paterson North Land Position
PATERSON NORTH LAND POSITION • Sipa exploring here since 2016 “This is the hottest land position in the country, with strong activity in 2018 by Rio Tinto Antipa and Encounter”
Slide 16: Paterson North - Sipa Tenements
PATERSON NORTH – Sipa Tenements • Explorable depths shown by magnetic detail • Discovery is directed by geophysics • Airborne EM • Gravity • Magnetics • IP
Slide 17: Paterson North - Obelisk
PATERSON NORTH – Obelisk • Large copper Location footprint of associated with Gradient Array IP complex gravity survey and magnetic anomalies Magnetics Residual RTP Gravity
Slide 18: Paterson North - Obelisk IP
PATERSON NORTH – Obelisk IP • Western IP detected in Gradient Array • Geophysical characteristics similar with Magnum, Calibre, possibly with Winu?
Slide 19: Paterson North - Obelisk
PATERSON NORTH – Obelisk Supergene copper in vein at bedrock interface Massive Pyrrhotite vein Quartz biotite pyrrhotite chalcopyrite alteration
Slide 20: Barbwire Terrace Zn project
Barbwire Terrace Zn project • Canning Basin host to MVT Devonian Zn mineralised CO3 rocks • Dewatering, metal transport and deposition occurred both sides of basin • Leading edge fault position virtually untested
Slide 21: Barbwire Terrace Zn project
Barbwire Terrace Zn project • Open file oil and mineral exploration holes • Seismic lines to compile in 3d • New Gravity shows fault geometry • Targeting of depositional base metal sites in 3d
Slide 22: Plan Forward
PLAN FORWARD Uganda Ni Cu Diamond drill testing of regional targets underway including Akelikongo with drilling ongoing through Q1 2019. Soil sampling continuing. Paterson Cu Au EM survey, targeting early 2019 Barbwire Terrace Zn 3D modelling and targeting. Information memorandum available for JV
Slide 23: Royalty Portfolio
ROYALTY PORTFOLIO Portfolio a legacy of a successful discovery track record • Sulphur Springs copper-zinc (Venturex *, DFS was completed October 2018, now sourcing funding options) $3.7m from cash flow in current plan • Panorama – Kangaroo Caves (Venturex**) • Ashburton Gold Deposit mined 1999-2004
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