Strickland Metals Ltd · ASX:STK
Strickland Metals — Alloy Resources — RIU Sydney Resources Round-up Conference 2017
23 slides from Strickland Metals's conference presentation, May 2017
Slide 1: Gold & Cobalt Explorer
Gold & Cobalt Explorer RIU Sydney Resources Round-up Conference May 2017
Slide 2: Company Disclaimer & Statements
Company Disclaimer & Statements DISCLAIMER EXPLORATION RESULTS MINERAL RESOURCES This presentation has been prepared by Alloy Resources Limited (“Alloy”). The Information in this report which relates to Exploration Results is based on The resources in this release are based on work carried out by Dr
Slide 3: An Active Gold & Cobalt Explorer
An Active Gold & Cobalt Explorer • Alloy Resources is a Mineral Explorer with projects across Australia • The Company is actively exploring the 100% owned Ophara Cobalt-Gold Project in the Broken Hill region of NSW • The Broken Hill area is emerging as a hot new area for Cobalt in Australia and Allo
Slide 4: Company Overview
Company Overview Board of Directors Capital Structure SHARES ON ISSUE OPTIONS (1.5/1.6C UNLISTED) Mr Andy Viner 967 m 29 m Executive Chairman – Exploration Geologist Matsa Resources / Jackson Gold / Gindalbie Metals / RSG MARKET CAP (@ 0.5c) CASH (Mar 31) $4.8 m $1.0 m Mr Kevin Hart Non-Executive Di
Slide 5: The Cobalt Opportunity
The Cobalt Opportunity • Cobalt is a hard, lustrous, grey metal with a high melting point (1493°C). Cobalt is used mainly in production of chemicals, super alloys, special steel, carbides, diamond tools and magnets. • The Cobalt price has risen 130% in 15 months from A$32,000 to A$72,000 per tonne.
Slide 6: Cobalt in Batteries for Energy Storage
Cobalt in Batteries for Energy Storage • Cobalt makes up 9 - 60% of the metal material of the key Lithium Batteries 15% Co • Mobile Phone Electronics was the main use for Lithium 60% Batteries – now it is Electric Vehicles 68% 9% PG 6
Slide 7: Broken Hill - Cobalt Centre of Australia?
Broken Hill - Cobalt Centre of Australia? The Ophara Cobalt-Gold Project • 50 km west of Broken Hill on the South Australian border • 314 square kilometre area 100% owned • Great Goulburn Cobalt-Gold-Copper prospect identified Mineralisation style similar to the large Cobalt deposits in the area • T
Slide 8: The Ophara Cobalt-Gold Project
The Ophara Cobalt-Gold Project • Licence encompasses a large sand covered area with little surface geology • Great Goulburn Co-Au-Cu prospect found in 1870’s on rare outcropping hills PG 8
Slide 9: The Ophara Cobalt-Gold Project
The Ophara Cobalt-Gold Project • Magnetics map under the cover • The same geology persists from the outcropping areas to the East • Explorers have not completed systematic exploration since downgrading the potential for another Broken Hill. • As Cobalt has increased in Value we can now justify renew
Slide 10: The Great Goulburn Cobalt-Gold Prospect
The Great Goulburn Cobalt-Gold Prospect Isolated iron-rich hills in a sand covered plain PG 10
Slide 11: The Great Goulburn Cobalt-Gold Prospect
The Great Goulburn Cobalt-Gold Prospect • Initial mapping, sampling and two diamond holes in 1982. Rock chip sampling up to 0.9% Cobalt and 2.3 g/t Gold • 4 RC drill holes in 2000’s. Results of 8 to 20 metres @ ~ 0.15% Co and 0.3-0.4 g/t Au at depths less than 80 metres (Refer to ASX release: 31/10/
Slide 12: The Great Goulburn Cobalt-Gold Prospect
The Great Goulburn Cobalt-Gold Prospect Alloy RC Drilling on Ground Magnetics • 12 new holes completed • (Refer to ASX releases: 22/2/2017 and 03/03/2017) • New mineralised zones discovered • The system is open PG 12
Slide 13: The Great Goulburn Cobalt-Gold Prospect
The Great Goulburn Cobalt-Gold Prospect RC Drill Cross-Sections (Refer to ASX releases: 22/2/2017 and 03/03/2017) PG 13
Slide 14: The Great Goulburn Cobalt-Gold Prospect
The Great Goulburn Cobalt-Gold Prospect Surface Mineralisation • Very complex regolith restricts use of soil sampling in large parts of the project • Mineralisation shows common pathfinder elements: Cobalt, Copper, Gold, Molybdenum and Iron • Copper may be best pathfinder Fresh Rock Cobalt-Gold Mine
Slide 15: The Ophara Cobalt-Gold Project
The Ophara Cobalt-Gold Project • Aerial EM – GEOTEM – survey flown by BHP in 1990. Poor quality but useful. (Refer to ASX release: 05/04/2017) • The survey highlights extensive areas of conductive material – including the Thackaringa Cobalt deposits • The small Great Goulburn prospect survey in 2001
Slide 16: The Ophara Cobalt-Gold Project
The Ophara Cobalt-Gold Project • Historical aerial GEOTEM Survey – field inspection • Over 80% of the area had no outcrop • Old prospecting pits at Areas A and B • Strong Copper results supported by cobalt and some gold and molybdenum PG 16
Slide 17: The Ophara Cobalt-Gold Project
The Ophara Cobalt-Gold Project • A new aerial EM survey will be the most effective way to define the best targets at Ophara • Alloy is committed to completing a VTEM survey covering 500 line kilometres with planning suggesting an early to mid June completion. • Our Independent consultants, Southern
Slide 18: The Ophara Cobalt-Gold Project
The Ophara Cobalt-Gold Project Two clear objectives to achieve at Exploration activities planned Ophara: include: 1. Define the best targets for high grade • Complete a detailed aerial extensive Cobalt-gold mineralisation. Electromagnetic Survey to define the location of the best targets June 2. Com
Slide 19: Horse Well Gold Project
Horse Well Gold Project • Large 1,000 km2 Gold Exploration play • Located in the north-eastern goldfields of Western Australia • The region hosts major gold deposits at Jundee, Wiluna and Bronzewing • 60 strike kilometres of the Millrose Greenstone Belt (same geology as Yandal belt) • On pastoral le
Slide 20: Project Status
Project Status • Extensive greenstone belt up to 10 kilometres wide, with granite intrusives and a major central fault structure. Dawn Prospects • Over 80% of the project is covered by transported sand meaning exploration requires aeromagnetic survey mapping and then drilling of targets. • The Proje
Slide 21: Large New Gold Trends Discovered
Large New Gold Trends Discovered Dec Qtr 2015 - Dec Qtr 2016 Extensive drill programs totalling over 50,000 metres of regional air-core and 4,500 metres of RC have been completed: Django – Eastern and Central Anomalies • 10 kilometre long anomalies along the Celia Shear • 7 kilometres only drilled o
Slide 22: A Highly Leveraged Investment Opportunity
A Highly Leveraged Investment Opportunity Alloy Resources Summary GOLD + COBALT EXPOSURE The places to be invested BIG TARGETS From outstanding exploration results and large land holdings STRATEGIC LOCATIONS Geological and Geographical proximity to Major Mineral Deposits WELL FUNDED Strong s
Slide 23: Company Statements
Company Statements Horse Well JORC 2012 Inferred Resource (Refer to ASX release: September 2015 Quarterly Report) NOTES AREA TONNES GRADE (G/T) OUNCES • All figures are rounded to reflect appropriate levels of confidence. Palomino 554,000 2.45 43,600 Apparent differences may occur due to rounding. F
Alloy Resources — RIU Sydney Resources Round-up Conference 2017 on 6ix