Stavely Minerals Ltd · ASX:SVY
Stavely Minerals — Noosa Mining Conference 2017
45 slides from Stavely Minerals's conference presentation, Jul 21, 2017
Slide 1: Unlocking Victoria's Copper-Gold Potential
For personal use only Unlocking Victoria’s Copper-Gold Potential Noosa Mining Conference July 2017
Slide 2: 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 3: Corporate snapshot, directors and share price
STAVELY MINERALS For personal use only ASX Code – SVY Shares on Issue – 122.1M Share Price - $0.14 Market Cap - $17.1M Cash (31/03/17) - $2.79M* Management ~50% equity *Excludes Titeline Drilling agreement and Victorian Gov’t co-funding $0.30 1,200,000 Directors Bill Plyley Volume $0.25 1,000,000 No
Slide 4: Projects
For personal use only PROJECTS
Slide 5: 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 Project is prospective for ancient porphyry copper-gold, VMS base metals-gold and intrusive related gold mineralisation
Slide 6: Queensland Project Location
QUEENSLAND PROJECT LOCATION For personal use only The Ravenswood Project is prospective for: • porphyry copper-moly- gold, • quartz-sulphide vein- hosted gold • breccia-hosted gold mineralisation • epithermal gold • VMS copper-gold
Slide 7: Victorian Mineral Resources
VICTORIAN 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
Slide 8: Stavely Project
For personal use only STAVELY PROJECT
Slide 9: Stavely Project prospects and chalcocite blanket
STAVELY PROJECT • Thursday’s Gossan For personal use only chalcocite enriched blanket – Inferred Mineral Resource of 28Mt at 0.4% copper containing 110kt copper • Thursday’s Gossan porphyry • Junction porphyry • Mount Stavely porphyry • Fairview gold prospect • Wickliffe VMS prospect • Patanga coppe
Slide 10: Stavely Volcanic Arc
STAVELY PROJECT For personal use only Stavely Volcanic Arc Similar structural setting to Cadia Valley • ~N-S trending volcanic belt • Major NW trending structures
Slide 11: Thursday's Gossan
STAVELY PROJECT For personal use only Thursday’s Gossan Inferred Mineral Resources of 28Mt at 0.4% copper for 110kt of contained copper
Slide 12: Copper only resource estimate
STAVELY PROJECT For personal use only Copper only resources estimate – gold and silver not included! 1 see ASX announcement 19 July 2016 and available from www.stavely.com.au
Slide 13: Alteration of feldspars and argillic alteration
STAVELY PROJECT For personal use only Hematite alteration of feldspars = good for gold Argillic to advanced argillic alteration = in the top of the system (best mineralisation should be at depth below)
Slide 14: Stavely Project
For personal use only STAVELY PROJECT
Slide 15: Thursday's Gossan Porphyry IP survey
STAVELY PROJECT For personal use only Thursday’s Gossan Porphyry Conducted an IP geophysical survey and generated a large 25mV/V chargeability anomaly. Drill tested with 3 x deep diamond drill holes to 520-600 metres depth.
Slide 16: Thursday's Gossan Porphyry deep diamond drilling
STAVELY PROJECT Thursday’s Gossan Porphyry For personal use only 2014 deep diamond drilling intercepted well-developed phyllic alteration (sericite-pyrite) which corresponded well with an IP chargeability anomaly – intercepted major low-angle structure
Slide 17: Thursday's Gossan Porphyry low-angle structural offset
STAVELY PROJECT For personal use only Thursday’s Gossan Porphyry The three deep diamond drill holes identified a low- angle structural offset to the porphyry system
Slide 18: Thursday's Gossan Porphyry further diamond drilling
STAVELY PROJECT For personal use only Thursday’s Gossan Porphyry Stavely Minerals completed a further 3 diamond drill holes testing below the low- angle structure. Drill holes SMD006 and SMD007 were targeting zones of higher tenor copper mineralisation with associated gold.
Slide 19: Two parallel zones of near-surface copper mineralisation
STAVELY PROJECT For personal use only Thursday’s Gossan Porphyry It is now recognised that there are two parallel zones of near- surface high-tenor copper mineralisation with associated silver and gold…. And, these zones correspond to the near-surface expression of low-angle structures hosting sulph
Slide 20: High tenor copper, silver and gold grades
STAVELY PROJECT For personal use only Thursday’s Gossan Porphyry High tenor copper, silver and gold grades occur where the low- angle structures with sulphidic porphyry ‘D’ veins approach surface. • 3.1m @ 1.48g/t Au and 1.72% Cu • 4.3m @ 0.44g/t Au and 1.66% Cu see ASX announcement 9/03/2017 and av
Slide 21: High tenor grades where structures approach surface
STAVELY PROJECT For personal use only Thursday’s Gossan Porphyry High tenor copper, silver and gold grades occur where the low-angle structures with sulphidic porphyry ‘D’ veins approach surface
Slide 22: RC drilling to target shallow gold and copper
STAVELY PROJECT For personal use only Thursday’s Gossan Porphyry – RC drilling to target shallow gold and copper
Slide 23: RC drilling programme completed
STAVELY PROJECT For personal use only Thursday’s Gossan Porphyry 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
Slide 24: Thursday's Gossan Porphyry RC intercepts
STAVELY PROJECT Thursday’s Gossan For personal use only Porphyry • 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), including •
Slide 25: Thursday's Gossan Porphyry RC intercepts
STAVELY PROJECT Thursday’s Gossan Porphyry 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), including •
Slide 26: RC drill results over +400m strike
STAVELY PROJECT For personal use only Thursday’s Gossan Porphyry RC drill results over a strike extent of +400 metres and open in all directions. Diamond ‘tails’ assays pending. Drilling re-commenced to complete more ‘tails’ on RC drill holes that finished in mineralisation.
Slide 27: Shallow RC drill results: 29m at 0.53% copper
STAVELY PROJECT For personal use only Thursday’s Gossan Porphyry Shallow RC drill results include: • 29m at 0.53% copper and 0.3g/t gold to end of hole
Slide 28: Shallow RC drill results and Cadia Ridgeway comparison
STAVELY PROJECT For personal use only Thursday’s Gossan Porphyry Shallow RC drill results include: • 24m at 0.64% copper and 1.2g/t gold For comparative purposes the 2016 Ore Reserve at Cadia Ridgeway is 80 million tonnes at 0.28% copper and 0.54 g/t gold Newcrest Mining Limited – Explanatory Notes
Slide 29: Diamond core mineralisation, assays pending
STAVELY PROJECT Thursday’s Gossan Porphyry For personal use only STRC008D 157.1m – pyrite-chalcopyrite-bornite (purple) sulphide mineralisation – assays pending STRC005D 139.9m – poly-phase silica / pyrite / hematite – assays pending.
Slide 30: We are here, target is here
STAVELY PROJECT For personal use only We are here Target is here
Slide 31: Conceptual model of separate porphyry events
STAVELY PROJECT For personal use only Thursday’s Gossan Porphyry The conceptual model has 2 separate porphyry events – The first is a large low-grade copper only event. The second is a potentially smaller but higher grade copper-gold event. This is the target.
Slide 32: Fairview Gold Prospect
For personal use only FAIRVIEW GOLD PROSPECT
Slide 33: Mount Stavely Porphyry and Fairview Gold
STAVELY PROJECT 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 noted)
Slide 34: Fairview Gold Prospect
STAVELY PROJECT For personal use only Fairview Gold Prospect Inferred buried porphyry reflected in pronounced gravity low Marginal low-sulphidation style gold mineralisation New interpretation of structural controls SMD011 returned 30m at 1.4g/t gold from 47m drill depth gold including 11m a
Slide 35: Fairview Gold Prospect structural control
STAVELY PROJECT For personal use only Fairview Gold Prospect Low-angle structural control 4 x additional RC drill holes completed to test Assays pending see ASX announcement 18/04/2017 and available from www.stavely.com.au
Slide 36: Yarram Park Project
For personal use only YARRAM PARK PROJECT
Slide 37: Yarram Park Project: Toora West prospect
YARRAM PARK PROJECT For personal use only Toora West prospect Magnetic / gravity geophysical anomaly ‘Blind’ target beneath younger transported cover
Slide 38: Toora West prospect chargeability anomaly
YARRAM PARK PROJECT Toora West prospect For personal use only Early 2017 drilling by Stavely Minerals has identified early, hot potassic porphyry-style alteration Subsequent extension to IP geophysical survey has identified a very large and very strong chargeability anomaly 500m in diameter at 5
Slide 39: Why Look for Porphyries in Western Victoria?
For personal use only WHY LOOK FOR PORPHYRIES IN WESTERN VICTORIA?
Slide 40: Why look for porphyries in western Victoria?
STAVELY PROJECT Why look for porphyries in western Victoria? For personal use only • Porphyry deposit examples from as early as Archaean age • Likelihood of porphyry deposit preservation decreases with age due to erosion and crustal recycling
Slide 41: Why look for porphyries in western Victoria?
STAVELY PROJECT Why look for porphyries in western Victoria? For personal use only
Slide 42: Why look for porphyries in western Victoria?
STAVELY PROJECT Why look for porphyries in western Victoria? For personal use only
Slide 43: Why look for porphyries in western Victoria?
STAVELY PROJECT Why look for porphyries in western Victoria? For personal use only
Slide 44: Why look for porphyries in western Victoria?
STAVELY PROJECT Why look for porphyries in western Victoria? For personal use only Because they are from a ‘family’ of deposits that are over-represented amongst the largest ‘giant’ gold deposits ever known. Stavely is looking for a Victorian relative in this ‘family’ of gold giants. That is the opp
Slide 45: 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