Alvo Minerals Limited · ASX:ALV
Alvo Minerals — Noosa Mining Conference 2023
24 slides from Alvo Minerals's conference presentation, Nov 15, 2023
Slide 1: Active Brazilian Critical Minerals Explorer
Active Brazilian Critical Minerals Explorer Noosa Mining Conference November 2023
Slide 2: Bluebush IAC REE Project Highlights
Bluebush IAC REE Project Highlights Exceptional TREO grades- 6m @ Bluebush held privately since 2004. 2,537ppm with +20% MREOs Serra Verde discovered in ~2011 in preliminary Auger drilling Exploration Accelerating- Confidence Results pending on >130 auger holes Growing Large footprint of prospective
Slide 3: EV Permanent Magnets NEED Specific REEs
EV Permanent Magnets NEED Specific REEs EV Rare Earth Permanent Magnet Motor 30% 67% 3% Iron - Boron NdPr DyTb Primarily used for Electric vehicles Highest efficiency and lowest cost: Battery costs reduced by 30% (lower lithium, cobalt & nickel content). Compact: Lower size and weight. Strength: Hig
Slide 4: ALV – ASX Brazilian IAC Peers
ALV – ASX Brazilian IAC Peers Brazil is emerging as the most important IAC jurisdictions globally Alvo is adjoining and in the same geological setting as Serra Verde, the only IAC REE project operating outside of China globally Project Bluebush Serra Verde Caldeira Monte Alto1 Colossus Mineral Reser
Slide 5: Bluebush IAC REE Project
Bluebush IAC REE Project Confirmed ionic adsorption clay (IAC) using standard ammonium sulphate solution at pH4 (ambient temperature) • Extractions up to 83% MREO (avg 56%) High-grade zone of 6m @ 2,537ppm TREO (21% MREO) inc. 3m @ 3,415ppm TREO (24%) to EOH Saprolite depth profile confirmed up to 2
Slide 6: Bluebush IAC REE Project – Confirmed Ionic
Bluebush IAC REE Project – Confirmed Ionic Excellent extraction of REE using industry standard dilute ammonium sulphate solution (AMSUL) • pH 4 (less acidic than OJ) • Ambient temperature High-value magnet rare earths (MREOs) extracted : • Nd: up to 89%, average 60% • Pr: up to 86%, average 57% • Dy
Slide 7: Bluebush IAC REE Project – Auger Drilling
Bluebush IAC REE Project – Auger Drilling 210 auger holes drilled to date >130 assays pending Exceptional MREO values so far; • 6m @ 2,537ppm TREO (21%) to EOH from 0m; inc. 3m @ 3,415ppm TREO (24% MREO) to EOH from 3m • 4m @ 1,230ppm TREO (26% MREO) to EOH from 0m; inc. 2m @ 1,512ppm TREO (29% MREO
Slide 8: Bluebush IAC REE Project – Diamond Drilling
Bluebush IAC REE Project – Diamond Drilling • Diamond hole BLD004 hit 28m of clay • Diamond drilling significantly extended previously understood saprolite depth profile • Drilled 4m east of Auger hole BLG008, started • Diamond drilling ongoing in combination with Loupe Portable in mineralisation an
Slide 9: The Palma VMS Project
The Palma VMS Project Palma Project is a high-grade, Cu-Zn rich VMS district scale opportunity in Brazil - largely idle for over 30 years (1970’s) VMS targets occur in clusters - Dominant land position (>850km2) with >70km of prospective strike – new C4 VMS discovery JORC MRE of 4.6Mt @ 1.0% Cu, 3.9
Slide 10: C3 Deposit: High-grade Cu-Zn
C3 Deposit: High-grade Cu-Zn JORC Resource of 2.8Mt @ 1.1% Cu, 4.3% Zn, 0.2% Pb & 23g/t Ag based on historic drilling only Exceptional intercepts will grow the resource • PD3-001: 25.0m @ 6.3% CuEq or 15.34% ZnEq • PD3-007: 23.2m @ 5.5% CuEq or 13.4% ZnEq • Inc. 10.6m @ 10.1% CuEq or 24.73% ZnEq • P
Slide 11: C1 Deposit: Shallow, High-grade
C1 Deposit: Shallow, High-grade JORC Resource of 1.8Mt @ 0.8% Cu, 3.2% Zn, 0.8% Pb & 15g/t Ag based on historical drilling only 1.2km mineralised strike – open at depth and along strike Exceptional intercepts will grow the resource o PD1-019: 21.8m @ 4.8% CuEq^ or 11.72% ZnEq from 142m Inc. 8.0m @ 7
Slide 12: C4 - “Brownfields VMS Discovery”
C4 - “Brownfields VMS Discovery” Discovery hole PD4-084 is the widest Intercept ever at Palma Discovery hole at C4 VMS Prospect • PD4-084: 37m @ 1.9% CuEq or 4.6% ZnEq from 127m o Inc. 2m @ 3.6% CuEq or 8.8% ZnEq from 132m o Inc. 4m @ 2.8% CuEq or 6.9% ZnEq from 157m • PD4-084: 6m @ 1.9% CuEq or 4.7
Slide 13: Alvo: The Active Brazilian Explorer
Alvo: The Active Brazilian Explorer Extensive geological logging, Over 23,000m of Diamond Almost 10,000 core geophysical surveys & studies Drilling conducted since Oct 2021 samples collected of physical properties ALV IPO Afla Earn-in Bluebush REE OCTOBER 21 MARCH 23 JUNE 23 C4 Initial focus on C3 &
Slide 14: Advancing Critical Minerals in Brazil
Advancing Critical Minerals in Brazil Q4 23 Q1 24 Q2 24 Q3 24 BLUEBUSH REE Auger drilling Metallurgical Testwork Diamond drilling/Geophysics/Exploration Decision on Bluebush REE Due Diligence PALMA – C4 PROSPECT Maiden diamond drilling PALMA - C1 & C3 PROSPECT DHEM surveys on phase 1 & 2 drill holes
Slide 15: Corporate Overview- Framework for Discovery
Corporate Overview- Framework for Discovery Low Shares On Issue Board and Management 93.1 Exploration success can materially Alvo’s board has significant minerals exploration and million impact share price mining experience in Brazil and around the world. Graeme Slattery Experienced team in Brazil t
Slide 16: Disclaimer
Disclaimer This presentation: This presentation has been prepared to provide general information and does not contain all information about Alvo Minerals Limited (ACN 637 802 496) (Alvo or the Company), its assets and liabilities, financial position and performance, profits and losses or prospects.
Slide 17: Thank you
Thank you Rob Smakman Managing Director +61 402 736 773 rob@alvo.com.au
Slide 18: Two Highly Prospective Projects in Brazil
Two Highly Prospective Projects in Brazil Strong community and political support Access to multiple hydroelectricity options Multiple rail options accessing ports and smelters Sealed roads to project ASX:ALV 18
Slide 19: Palma: A new VMS camp
Palma: A new VMS camp • Volcanogenic Massive Sulphide (VMS) deposits occur in clusters that define MAJOR 60 km mining camps • VMS are important global sources of Cu, Zn, Pb, Ag and Au • Palma has the right rocks to become a new PALMA VMS DISTRICT VMS camp – new discoveries only (Alvo >850km2) possib
Slide 20: C3 Prospect: Thick and High Cu Grades
C3 Prospect: Thick and High Cu Grades ASX:ALV 20
Slide 21: C4- “Brownfields VMS Discovery”
Mineralisation within a Broad C4- “Brownfields VMS Discovery” Alteration Halo • C4 located only 5km SW from C1 • If drilling continues to intercept broad mineralised zones, C4 could be quickly added to an updated MRE (currently underway at for C1 and C3) • Drilling at PD4-088 (results pending) has i
Slide 22: Palma Exploration
Palma Exploration Multi-Discipline, Multi-Target- Driving towards Diamond drill testing Resource Definition C1, C3 C4, C5, Urubu TG01, TG02.. TG07 0 5 VTEM (15 Priority) & 60km of Soils Resource Definition Drill Testing Mapping, Geochem, Geophysics Conceptual ASX:ALV Alvo VTEM Targets 22
Slide 23: Urubu Prospect- extension of C3?
Urubu Prospect- extension of C3? Urubu (Vulture) has coincident soils and IP chargeability, FLEM survey has confirmed a conductor of similar conductivity thickness to C3 FLEM survey indicates a thickness/conductivity similar to C3 (~1,000 siemens) Additional Soils and Auger drilling planned before d
Slide 24: C5: Exploration
C5: Exploration C5 exploration is one of multiple advanced prospects • CPRM completed soils and a single (mineralised) drillhole (not located) • 3 coincident elongated Cu/Zn/Pb anomalies- each > 1km Alvo completed 800 x 50m soils- infill to 400 x 50m confirmed soil anomalies IP survey complete stron