Auravelle Metals Limited · ASX:AUV
Auravelle Metals — Sipa Resources — Uganda Mineral Wealth Conference (October 2015)
23 slides from Auravelle Metals's conference presentation, Oct 1, 2015
Slide 1: Sipa's Exploration Activities
ASX Code SRI Sipa’s Exploration Activities 1/10/2015 Northern Uganda
Slide 2: Corporate
Corporate Sipa Resources is a Perth-based ASX listed base metal and gold exploration company with a proven track record. Capital Structure Top Shareholders ASX Code SRI Terry & Suzanne Kahler 5.5% Shares (ordinary) 705m Acorn Capital Limited 5.25% Options (Listed) 7.5c Nov ‘15 134m Rodiv NSW P/L Pen
Slide 3: Highlights – 2014/2015
Highlights – 2014/2015 › Discovered two nickel sulphide mineralised intrusive systems at Akelikongo, over 500m strike and Akelikongo West containing wide zones up to 100m of disseminated sulphides 0.24-0.5% Nickel and 1-4m zones of massive sulphides 1-2% Nickel. › Raised $AUD6.1 million in June thro
Slide 4: Location and East African Geology
Location and East African Geology › Sipa’s investment was as a result of World Bank, Nordic Bank, African Development Bank and DGSM funded consortium which generated new geological and geophysical data sets and mineral potential information › Highly prospective geology on margin of Congo super-crato
Slide 5: Infrastructure - improving
Infrastructure - improving › New Hydro stations under construction › Railway project (Chinese funded) › Road upgrade current from Gulu to Sudan (Chinese funded) › Road north of Lira, dirt 5
Slide 6: Benefits to the local communities
Benefits to the local communities Vocational training Local employment Micro-business making soap Days For Girls - lesson Days For Girls – Days For Girls – local receiving kits tailors sewing kits 6
Slide 7: Akelikongo Background
Akelikongo Background › XRF soil anomaly >1000ppm Ni, >500ppm Cu › Nickel expert Jon Hronsky predicts “chonolith” or pipe hosted Nickel Sulphide intrusive system › RAB drill to bedrock discovers magmatic Ni and Cu sulphide In March 2015. Diamond hole AKD002 confirms LMR022 returns 20m disseminated N
Slide 8: What is Akelikongo ?
What is Akelikongo ? › Wide zones of disseminated Ni Cu sulphides >100m down hole over 500m of strike (pink striped zone) › Footwall breccia contains zones of massive sulphides probably sources from deeper in the system 8
Slide 9: Akelikongo Discovery - Section B – B'
Akelikongo Discovery - Section B – B’ › Continuous zone of disseminated Ni and Cu sulphides › Strong continuity of massive sulphide zones. 9
Slide 10: Akelikongo West Discovery
Akelikongo West Discovery › Ni and Cu in soil anomaly › Followed up 25 by 25m peak 1780ppm Ni and 542ppm Cu › Co-incident gravity high anomaly 10
Slide 11: Akelikongo West Discovery – Section A-A'
Akelikongo West Discovery – Section A-A’ › RAB drilling LMR137 8m at 0.73% Ni including 3m at 1.1% Ni › Diamond hole AKD009 returned 41m at 0.5% Ni and 0.1%Cu 11
Slide 12: Regional Nickel Prospects
Regional Nickel Prospects › Image shows pXRF Ni values › Prospects in the east are associated with ultramafic intrusions 2 out of 3 (Akelikongo and Akelikongo West) are known to host Nickel sulphides › Prospects in the west are associated with the Aswa Archean greenstone and Nickel sulphide potentia
Slide 13: Regional Zinc Prospects
Regional Zinc Prospects › Image of Regional Zn from XRF soils › Grey zone shows the interpreted lithostratigraphic boundary east of which lie all the known Zinc targets › › Further defined and diamond drilled Pamwa › RAB test at Lagwagi 13
Slide 14: Regional Zinc Prospects - Pamwa Background
Regional Zinc Prospects - Pamwa Background › Rock pile at Palabek Kal that looked like Broken Hill Mine Series gneisses and led to the initial pegging of tenements in 2012 › pXRF soil sampling defined Zn, Pb, Mn (Cd,Ag) anomaly › RAB drilling best result 5m@2% Zn
Slide 15: Regional Zinc Prospects- Pamwa
Regional Zinc Prospects- Pamwa › Additional 25m by 25m soils have extended anomaly to over 1800m. › Nine Pb+Zn anomalies defined. › Only 3 of these anomalies (3, 4 and 5) have been effectively tested by drilling and all three intersected Pb-Zn mineralisation.
Slide 16: Regional Zinc Prospects- Pamwa
Regional Zinc Prospects- Pamwa › Anomalies show lithostratigraphic control › The Pb – Zn anomalies are typically hosted by a lithology characterised by mafic derived elements Fe-Cu- Zn-Ca-Cr-Ti › Granitic/felsic derived lithology on the footwall and hanging wall characterised by Rb-K-Zr-Y
Slide 17: Regional Zinc Prospects- Pamwa Section
Regional Zinc Prospects- Pamwa Section › PAD001 and 3 tested soil anomaly PAM003 › Best results 1m @5.7% Zn, 1.6% Pb, 14.7ppm Ag and 256ppm Cd › Further drill testing of other anomalies required 17
Slide 18: Regional Gold Prospects
Regional Gold Prospects › Program involves lab assaying of 1 in 8 of the original pXRF soils › High priority anomalies with multiple samples marked in yellow. › Currently infilling these anomalies using further existing pXRF soil packets inside the anomaly shape
Slide 19: Future Direction
Future Direction › Drill Akelikongo and › Continue RAB drilling of › Diamond drill new Akelikongo West new priority Nickel targets discovered looking for high Sulphide, Lead-Zinc and during RAB drilling to grade massive Gold soil targets discover further sulphide zones mineralised systems 19
Slide 20: Timeline 2015/16
Timeline 2015/16 Follow-up Akelikongo Diamond Akelikongo West Drilling Akelikongo West Follow up Katunguru RAB drill Akek North Pamwa Goma 1st pass RAB drill Western Ni Targets DHEM Akelikongo MLEM survey Akelikongo West Reconnaissance Soil and Stream Sediment surveys- infill surveys …..>>>>define d
Slide 21: Sipa's experience doing business in Uganda
Sipa’s experience doing business in Uganda Removal of VAT for exploration companies Removal Mineral Export Ban is a big step in the right direction × Shortage of efficient and experienced exploration drilling companies in Uganda × Import duties on exploration drilling rigs sourced from outside t
Slide 22: Disclaimer
Disclaimer This presentation has been prepared by and issued by Sipa Resources Limited (“Sipa” or “the Company”) to assist it in informing interested parties about the Company. It should not be considered an invitation or offer to subscribe for or purchase any securities in the Company or as an indu
Slide 23: Contact
ASX Code SRI Contact Sipa Resources Limited T +61 (0)8 9481 6259 6 Thelma St F +61 (0)8 9322 3047 West Perth, 6005 E info@sipa.com.au www.sipa.com.au
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