Tyranna Resources Limited · ASX:TYX
Tyranna Resources — Alliance Resources — South Australian Exploration and Mining Conference 2018
29 slides from Tyranna Resources's conference presentation, Dec 7, 2018
Slide 1: The Emerging Wilcherry Gold Camp
>gold >exploration >development For personal use only The Emerging Wilcherry Gold Camp Presentation to South Australian Exploration and Mining Conference Adelaide Convention Centre, Adelaide 7 December 2018 1
Slide 2: Cautionary & Competent Person Statement
Cautionary & Competent Person Statement For personal use only Cautionary and Forward Looking Statements This presentation has been prepared by Alliance Resources Limited (“Alliance”). The information contained in this presentation is of a general nature only and does not constitute an offer to issue
Slide 3: Alliance Overview
Alliance Overview For personal use only Gold and base metals explorer targeting highly prospective projects in South Australia and Western Australia Proven track record in delivering shareholder value - $58.4M returned to shareholders in 2015 and 2016 through sale of historic asset Flagship Wi
Slide 4: Wilcherry Project
Wilcherry Project For personal use only Alliance’s flagship project Located in the Gawler Craton, northern Eyre Peninsula, 40 km north of Kimba, South Australia Large tenement package of seven ELs (1,200 km2) prospective for gold and base metals Joint venture between Alliance (79.01% and man
Slide 5: Regional Geology
Regional Geology For personal use only East end of Central Gawler Gold Province Northern edge of Cleve Domain Erosional environment with shallow transported cover Wilcherry Hill 5
Slide 6: Regional Geology
Regional Geology For personal use only Mineralisation associated with a complex high-temperature zoned magnesian skarn system Host rocks: o Archaean Sleaford Complex granite and gneiss o Paleo-Proterozoic Hutchinson Group meta-sediments Intruded by Hiltaba Suite granites Prolonged history of
Slide 7: Exploration History
Exploration History For personal use only Explored since 1970’s for uranium and Broken Hill-style base metal deposits o Discovery of Menninnie Dam and Telephone Dam Pb-Zn-Ag deposits 1997 Acacia identified strong gold in calcrete anomalism at Weednanna Drilling by Acacia and Anglogold intersec
Slide 8: Alliance Exploration
Alliance Exploration For personal use only October 2016 - Present Two exploration streams: Base Metals o Regional heli-electromagnetic survey o Moving-loop electromagnetic surveys o Drilling of conductors Gold Weednanna o drilling, gravity, magnetics, EM, IP, hyperspectral, petrology, metallur
Slide 9: Location Gravity Image
Weednanna Location Gravity Image For personal use only 70 kilometres N 35 kilometres 20 kilometres gravity lows (blue) interpreted as underlying Hiltaba scale granite – fluid and metal source for skarn system 9
Slide 10: Drilling
Weednanna Drilling For personal use only magnetic highs (magenta) indicate magnetite skarn alteration of Katunga Dolomite (Hutchinson Group) N White dots: drilling in 2018 Mineral Resource Estimate Black dots: other drill holes 1 kilometre scale 10
Slide 11: Drilling: Bonanza High Grade Gold Shoots
Weednanna Drilling For personal use only Bonanza High Grade Gold Shoots Shoot 1 Shoot 4 o 49m @ 6.3 g/t Au 2 o 15m @ 18.2 g/t Au 4 o 60m @ 5.7 g/t Au 3 o 16m @ 3.2 g/t Au 5 gold mineralised granite Shoot 2 Shoot 5 Sleaford Complex o 14m @ 5.7 g/t Au 2 o 20m @ 12.4 g/t Au 7 o 7m @ 11.1 g/t Au 2 o 7m
Slide 12: Drilling
Weednanna Drilling For personal use only Source: Alliance’s ASX announcement 29 November 2018 12
Slide 13: Drilling
Weednanna Drilling For personal use only High Grade Gold … but 80 Not coarse and nuggetty 70 Fine grained gold 60 Au (duplicate) g/t Relatively homogenous 50 No deleterious elements 40 Not refractory 30 Good CIL recoveries 20 10 0 0 10 20 30 40 50 60 70 80 Au Au (original) g/t 82 x 3kg dup
Slide 14: Mineral Resource
Weednanna Mineral Resource For personal use only Delivered < 2 years after project entry Mineral Resource Estimate completed by Mining One (ID2) Alliance database 119 RC holes for 18,623 m Historic database 309 RC and 37 DD holes for 38,592 m o Validate collar locations and down hole survey da
Slide 15: Mineral Resource
Weednanna Mineral Resource For personal use only The maiden Mineral Resource Estimate is classified as Indicated and Inferred in accordance with the JORC Code 2012 Edition, as follows: Classification Tonnes Grade Ounces Above Pit Shells ($2,000 AUD) >0.5 g/t gold Indicated 488,000 3.8 59,000 Inferre
Slide 16: 3D Model
Weednanna 3D Model For personal use only keel of north-striking granite in calc-silicate and magnetite skarn N north strike and moderate to steep east dip calc-silicate- and magnetite skarn- altered Hutchinson Group meta-sediments (purple) bounded by Sleaford Complex granite and gneiss (white) 3D vi
Slide 17: 3D Model
Weednanna 3D Model For personal use only major footwall quartz vein (gold anomalous) fluid conduit? N northwest strike and moderate northeast dip north strike and moderate to steep east dip calc-silicate- and magnetite skarn- altered Hutchinson Group meta-sediments (purple) bounded by Sleaford Compl
Slide 18: 3D Model
Weednanna 3D Model For personal use only Shoot 3 N Shoot 1 Shoot 10 Shoot 2 Shoot 6 Shoot 4 Shoot 5E main ore shoots defined to date Shoot 5 3D view down to northwest 18
Slide 19: 3D Model
Weednanna 3D Model For personal use only Shoot 3 N conceptual West Pit Shoot 1 Shoot 10 Shoot 2 conceptual East Pit Shoot 6 Shoot 4 Shoot 5E conceptual pit outlines Shoot 5 3D view down to northwest 19
Slide 20: 3D Model
Weednanna 3D Model For personal use only N Shoot 8 Shoot 9 Shoot 7 Shoot 7A Shoot 11 additional exploration target shoots to link Shoot 2 underground mining to Shoot 3 3D view down to northwest 20
Slide 21: Exploration Targets
Weednanna Exploration Targets For personal use only 1.2 kilometres N 120 metres Shoot 2 TARGET: high grade Shoot 3 sub-horizontal gold shoots between Shoots 2 and 3 83% of the Mineral Resource occurs within 120m of surface 3D view across to west 21
Slide 22: Exploration Targets
Weednanna Exploration Targets For personal use only 1.2 kilometres N 120 metres 3D inversion model of TARGET: high grade gravity data sub-horizontal gold shoots at depth calc-silicate and magnetite skarn host extends to depth in gravity 3D view across to west 22
Slide 23: Exploration Targets
Weednanna Exploration Targets For personal use only 1.2 kilometres N 120 metres 3D inversion model of TARGET: high grade gravity data sub-horizontal gold shoots at depth 3D inversion model of magnetic data calc-silicate and magnetite skarn host extends to depth in gravity and magnetic data 3D view a
Slide 24: Exploration Targets
Weednanna Exploration Targets For personal use only Weednanna North iron ore drilling re-assay for gold N Weednanna East gold in regolith needs defining and bedrock drilling Weednanna 3DIP survey completed targets being modelled 1 kilometre scale 24
Slide 25: Project Delivery
Project Delivery For personal use only Experienced Alliance Team with strong history in: o Gold Exploration o Project Assessment and Development o Capital Raising o Open Pit and Underground Gold Mining Mining One completing Independent Scoping Study o 250-300kt pa processing facility o Open pit
Slide 26: Social Licence
Social Licence For personal use only Community engagement commenced during exploration phase Small exploration team based in Kimba Use local contractors and suppliers where possible Building relationships with key stakeholders o Land owner and adjacent farmers o Kimba businesses o Kimba comm
Slide 27: Future Work
Future Work For personal use only Deliver Scoping Study Commence Feasibility Studies Continue Weednanna Gold Exploration o Infill and extend known mineralisation o Test 3DIP survey targets o Re-analyse pulps from Weednanna North iron drilling o Define Weednanna East gold in regolith anomaly
Slide 28: Appendix: Details of Optimisations
Appendix 1 Details of Optimisations For personal use only Optimisations $2,000 AUD, $1,600 AUD & $1,800 AUD pit shells >0.5 g/t gold and underground potential >2.0 g/t gold: Classification Tonnes Grade Ounces Above Pit Shells ($2,000 AUD) >0.5 g/t gold Parameter Metric Indi ca ted 488,000 3.8 59,000
Slide 29: Appendix: Board & Key Personnel
Appendix 2 Board & Key Personnel For personal use only Ian Gandel • Extensive experience in retail and property management including Gandel Chairman Shopping Centres, Priceline Retail Chain and Corporate Executive Offices • Mining entrepreneur involved in the industry since 1994 • Non-executive Chai
Alliance Resources — South Australian Exploration and Mining Conference 2018 on 6ix