Stavely Minerals Ltd · ASX:SVY
Stavely Minerals — RIU Explorers Conference, Fremantle 2020
52 slides from Stavely Minerals's conference presentation, Feb 18, 2020
Slide 1: Finding the Copper Australia Needs for a Low-Carbon Economy
For personal use only Finding the Copper Australia Needs for a Low-Carbon Economy RIU Explorers Conference, Fremantle 2020
Slide 2: Copper Facts: copper in electric cars
COPPER FACTS For personal use only Times more copper in an electric car compared to one with an internal combustion engine
Slide 3: Copper Facts: copper in windmills
COPPER FACTS For personal use only Tonnes of copper in each windmill sufficient to power 500 homes
Slide 4: Copper Facts: bacteria killed by copper
COPPER FACTS For personal use only Types of bacteria killed by copper surfaces Source: Wall Street Journal - July 25, 2016
Slide 5: Copper Facts: supply deficit
COPPER FACTS For personal use only Million tonne deficit in copper supply by 2035 Source: CRU
Slide 6: Copper Facts: Escondida largest producer
COPPER FACTS For personal use only Escondida – world’s largest copper producer
Slide 7: Copper Facts: Escondida head grade 2007
COPPER FACTS For personal use only Escondida’s % copper head grade in 2007
Slide 8: Copper Facts: Escondida Ore Reserve grade
COPPER FACTS For personal use only Escondida’s % copper Ore Reserve grade 2019 Source: BHP Annual Report 2019
Slide 9: Copper Facts: new projects in first world jurisdictions
COPPER FACTS For personal use only Quality new projects in first world jurisdictions
Slide 10: 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 11: Thursday's Gossan Discovery
THURSDAY’S GOSSAN DISCOVERY For personal use only SMD050 • 32m at 5.88% copper, 1.00g/t gold and 58g/t silver, from 62m drill depth including • 12m at 14.3% copper, 2.26g/t gold and 145g/t silver from 82m, including • 2m at 40% copper, 3.00g/t gold and 517g/t silver Surprisingly, drill hole SMD050 a
Slide 12: Discovery: high grades on the ultramafic contact fault
DISCOVERY For personal use only Extremely high grades on the ultramafic contact fault (UCF) • The ultramafic has been serpentinised during metamorphism • Abundant magnetite – possible reaction with fluids enhancing grade • Low pH fluid – dissolves the serpentinite and deposits nickel and cobalt
Slide 13: Where are we now?
STAVELY MINERALS For personal use only Where are we now? We have a shallow high-grade copper-gold- silver discovery, of a style of deposit never seen in Australia before – but typically being vertically and laterally extensive on multiple mineralised structures - in it’s early stages of resource def
Slide 14: Key Themes
STAVELY MINERALS For personal use only Key Themes Stavely is well funded - $17.5m as at 31/12/19 ➢ 4 drill rigs operating at Thursday’s Gossan copper-gold- silver deposit o 3 rigs doing a near-surface resources drill-out o 1 rig testing regional targets We think we are yet to see the best this syste
Slide 15: Key Themes: step-change opportunities
STAVELY MINERALS For personal use only Key Themes Step-change opportunities: Demonstrate that mineralisation on the Ultramafic Contact Fault (UCF) continues at depth below the Low-Angle Structure (LAS) Potential for a parallel mineralised structure – the Copper- Lode Splay (CLS)? Confirm miner
Slide 16: Project Location
For personal use only PROJECT LOCATION
Slide 17: 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 • Junction porphyry • Mount Stavely porphyry • Fairview Gold prospect • Wickliffe VMS prospect • Patanga copper prospect
Slide 18: Stavely Volcanic Belt exposure and Thursday's Gossan focus
For personal use only The Stavely Volcanic Belt is exposed or under shallow cover for about 30km south of the Grampians Our focus has been at the Thursday’s Gossan discovery.
Slide 19: Thursday's Gossan Porphyry
THURSDAY’S GOSSAN PORPHYRY For personal use only 4km After Spencer, 1996
Slide 20: Thursday's Gossan Porphyry: Chalcocite Blanket resource
THURSDAY’S GOSSAN PORPHYRY For personal use only Thursday’s Gossan Chalcocite Blanket Inferred Mineral Resources of 28Mt at 0.4% copper1 for 110kt of contained copper in a chalcocite-enriched blanket occurring between 30m to 80m below surface 1 reported in compliance with JORC 2012, see ASX announce
Slide 21: What Is a Magma / Butte Copper Lode-Style System?
For personal use only WHAT IS A MAGMA / BUTTE COPPER LODE-STYLE SYSTEM?
Slide 22: Magma Copper Mine and the Resolution Porphyry
MAGMA COPPER MINE AND THE RESOLUTION PORPHYRY For personal use only Magma Copper Mine and the Resolution Porphyry Can follow the Magma copper lodes to the Resolution copper porphyry. Lodes range in width from 0.25m to 15m wide. The top of the porphyry mineralisation is 1.5km below surface – the copp
Slide 23: Copper sulphide zoning
Copper sulphide species are zoned both vertically and For personal use only laterally away from the porphyry – we see the same at Thursday’s Gossan
Slide 24: Magma Vein Long Section
MAGMA VEIN LONG SECTION For personal use only Sulphides are zoned Stavely North from arsenical copper Stavely South sulphides typical of high-sulphidation mineralisation through intermediate sulphidation to low sulphidation (sphalerite – zinc). Gold has an affinity with the distribution of bornite.
Slide 25: Butte / Magma Copper Lode-Style
BUTTE / MAGMA COPPER LODE-STYLE For personal use only Why do we invoke a Butte, Montana / Magma, Arizona lode-style ‘model’ for Thursday’s Gossan? Because understanding the mineralisation processes and attributes gives us a powerful ability to predict its behaviour – 1. They are high-grade, structur
Slide 26: Multiple Structures and Vertically Extensive
For personal use only MULTIPLE STRUCTURES AND VERTICALLY EXTENSIVE
Slide 27: Thursday's Gossan Porphyry: Chalcocite Blanket
THURSDAY’S GOSSAN PORPHYRY For personal use only Thursday’s Gossan Chalcocite Blanket Inferred Mineral Resources of 28Mt at 0.4% copper1 for 110kt of contained copper – developed on the surface expression of high-grade lode-style copper veins. 1 reported in compliance with JORC 2012, see ASX announc
Slide 28: This time last year…
For personal use only This time last year… Drilling had focused on two parallel copper-gold-silver mineralised trends at the northern end of the chalcocite blanket – eg: ❖7.7m at 4.1% copper and 1.1g/t gold ❖9.5m at 2.9% copper and 0.4g/t gold (Beaconsfield) ❖32m at 0.8% copper and 0.4g/t gold (Newc
Slide 29: Thursday's Gossan: structural control, airborne EM
THURSDAY’S GOSSAN For personal use only Structural control to high grade copper-gold-silver mineralisation ?? can be seen in airborne EM UCF Three major mineralised structures NSS (that we know of…) CLS 1. The ultramafic contact fault (UCF) Porphyry complex 2. The north-south structure (NSS) outline
Slide 30: Thursday's Gossan: structural control
THURSDAY’S GOSSAN For personal use only Structural control to high grade copper-gold-silver mineralisation Three major mineralised structures (that we know of…) 1. The ultramafic contact fault (UCF) 2. The north-south structure (NSS) 3. The copper lode splay (CLS)
Slide 31: Thursday's Gossan: structural control on the UCF
THURSDAY’S GOSSAN For personal use only Structural control to high grade copper-gold-silver mineralisation on the UCF
Slide 32: Thursday's Gossan: resource drilling on the UCF
THURSDAY’S GOSSAN For personal use only Structural control to high grade copper-gold-silver mineralisation Resource drilling has focused on shallow mineralisation on the UCF over a strike extent of 700m, open in both directions along strike and down dip.
Slide 33: Vertically Extensive: SMD050
VERTICALLY EXTENSIVE For personal use only SMD050 32m at 5.88% copper, 1.00g/t gold and 58g/t silver, from 62m drill depth on the UCF see ASX announcement 26/09/2019 and available from www.stavely.com.au
Slide 34: Vertically Extensive: SMD059
VERTICALLY EXTENSIVE For personal use only SMD059 18m at 1.00% copper, 0.1g/t gold and 3g/t silver, from 235m drill depth on the UFC underneath the LAS see ASX announcement 17/12/2019 and available from www.stavely.com.au
Slide 35: Vertically Extensive: SMD032 and SMD044
VERTICALLY EXTENSIVE For personal use only SMD032 6m at 6.73% copper, 0.84g/t gold and 15g/t silver, from 538m drill depth on the CLS SMD044 10m at 2.43% copper, 0.30g/t gold and 11g/t silver, from 583m drill depth on the CLS see ASX announcements 5/10/2018 and 23/04/2019 and available from www.stav
Slide 36: Copper-Lode Splay Mineralisation
Copper-Lode Splay Mineralisation For personal use only Copper Lode-style (think Magma Mine veins) pyrite-chalcopyrite-bornite-covellite-chalcocite mineralisation 1m @ 22.8% copper from 542.5m in SMD032 – note the chalcocite occurs as late network veins within the more massive sulphides see ASX annou
Slide 37: Vertically Extensive: SMD044 NSS
VERTICALLY EXTENSIVE For personal use only SMD044 38.3m at 1.59% copper, 0.27g/t gold and 8g/t silver, from 890m drill depth on the NSS SMD044W1 18m at 3.62% copper, 0.28g/t gold and 15g/t silver, from 848m drill depth on the NSS see ASX announcement 12/03/2019 and 23/04/2019 and available from www.
Slide 38: Vertically Extensive: SMD044
VERTICALLY EXTENSIVE For personal use only SMD044 Early quartz-pyrite mineralisation cut by later bornite- chalcocite at 924.3m drill depth in the north-south structure (NSS) see ASX announcement 18/02/2019 and available from www.stavely.com.au
Slide 39: North-South Structure Mineralisation
North-South Structure Mineralisation For personal use only SMD044W1 393m at 0.32% copper from 859m including: • 18m at 3.62% copper, 0.28g/t gold and 15g/t silver, including: Pyrite vein with bornite-covellite-chalcocite(+-digenite) veining at 859.0m in SMD044W1. • 7m at 7.74% copper, 0.46g/t gold a
Slide 40: Current Programmes
For personal use only CURRENT PROGRAMMES
Slide 41: Current Programmes
For personal use only CURRENT PROGRAMMES
Slide 42: Current Programmes
CURRENT PROGRAMMES For personal use only 1. Complete a resources drill-out of shallow mineralisation on the Ultramafic Contact Fault 2. Continue to define mineralisation on the Ultramafic Contact Fault below the Low Angle Structure to depth 3. Extend the mineralisation on the Copper-Lode Splay from
Slide 43: Current Programmes
CURRENT PROGRAMMES For personal use only 1. Drill shallow resources on UCF 2. Extend UCF mineralisation below LAS 3. Extend CLS mineralisation closer to surface 1km 4. Extend CLS mineralisation to depth 5. Extend NSS mineralisation towards surface 6. Test regional targets
Slide 44: Mineralisation Under the LAS: SMD059
Mineralisation Under the LAS For personal use only SMD059 At the south end of the resources drill out area; • 18m at 1.0% copper, 0.1g/t gold and 3g/t silver including; • 6.8m at 1.85% copper, 0.17g/t gold and 6g/t silver from below the LAS see ASX announcement 17/12/2019 and available from www.stav
Slide 45: Mineralisation Under the LAS: SMD073
Mineralisation Under the LAS For personal use only SMD073 At the extreme north end of current drilling has intercepted sphalerite (zinc sulphide) mineralisation on the UCF below the LAS from 359m – consistent with the distal sulphide zonation as predicted by the Magma model Pale sphalerite and pyrit
Slide 46: Current Programmes: Seismic
CURRENT PROGRAMMES For personal use only Seismic We hope to be able to recognise the key mineralised structures at depths >2 km – and potentially recognise new ones - with a recently completed seismic survey. Could also assist later targeting of the metals source porphyry at depth…
Slide 47: Thursday's Gossan Structure
THURSDAY’S GOSSAN STRUCTURE For personal use only
Slide 48: Regional Targets
For personal use only REGIONAL TARGETS
Slide 49: Regional Targets - Junction
Regional Targets - JUNCTION 1 For personal use only Aircore hole TGAC078 • 57m at 2.43% copper and 22g/t silver from 2m to EoH • 6m at 0.16g/t gold see Stavely Minerals Prospectus and available from www.stavely.com.au
Slide 50: Take Away Messages
TAKE AWAY MESSAGES For personal use only 1. Recent discovery of structurally-controlled high-grade lode-style copper-gold-silver mineralisation similar to Magma, Arizona and Butte, Montana 2. Mineralisation confirmed in 3 structures from 62m to almost 1,000m drill depth – a very ‘tall’ system 3. In
Slide 51: Stavely Minerals corporate snapshot
STAVELY MINERALS For personal use only ASX Code – SVY Shares on Issue – 214M Share Price - $0.69 Market Cap - $148M Cash (31/12/19) - $17.5M* Management & Staff ~30% equity *Excludes ~$0.8m of equity issued in lieu of drilling costs yet to be released from escrow Directors $1.60 25,000,000 Volume Cl
Slide 52: Thank You
Thank You For personal use only Contact Us: Stavely Minerals Limited Authorised for lodgement by Chris Cairns, Level 1, 168 Stirling Highway, Nedlands WA 6009 Managing Director and Executive www.stavely.com.au Chairman info@stavely.com.au Ph: 08 9287 7630 The information in this presentation is extr
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