Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Avalon Minerals — RIU Sydney Resources Round-Up May 2010
18 slides from Sunstone Metals's conference presentation, May 2010
Slide 1: RIU Sydney Resources Round-Up May 2010
RIU Sydney Resources Round-Up May 2010
Slide 2: Disclaimer
Disclaimer Certain statements contained in this presentation, including information as to the future financial or operating performance of Avalon Minerals and its projects, are forward-looking statements. Such forward-looking statements: • are necessarily based upon a number of estimates and assumpt
Slide 3: Avalon Minerals Ltd - AVI
Avalon Minerals Ltd - AVI Shareholding % Abu Sahid Bin Mohamed 16.5 Galena Fund 9.4 David McSweeney 9.0 Merrill Lynch 3.3 Top 20 62.2 Capital Structure Million Directors and Management Ordinary Shares 132.3 David McSweeney MD/Chairman Unlisted Options 1.9 Stephen Stone Non Exec Gary Steinepreis Non
Slide 4: Sweden – A New Era
Sweden – A New Era Government Supports Mining 28% Company Tax 0.2% Royalties Easier approvals than most of Australia Iron Ore 28mtpa – LKAB Markets - W Europe, M East, Asia Pellets, Concentrates and Fines Copper 3rd in Europe Mines and smelters -- Boliden Imports 60% of smelter feed (S America) Mark
Slide 5: Viscaria Copper Project
Viscaria Copper Project Discovered in 70’s – 4km from Kiruna (pop 20,000) 12.5mt @ 2.3% Cu production from 1982-1997. Decline and Flotation ~ 100ktpa @ 26%Cu Purchased 100% by Avalon - Phelps Dodge, March 2008 - US $0.5 million - All historical data - Zero liabilities 40.6mt @ 1.3% Cu Inferred Resou
Slide 6: 2010 Program A Zone South- Remnant UG Mining Assessment
2010 Program A Zone South- Remnant UG Mining Assessment
Slide 7: Viscaria Fly Over
Viscaria Fly Over
Slide 8: Viscaria Iron Ore Project
Viscaria Iron Ore Project Adjacent to and south of Viscaria Cu mine 5 km from Kiruna (LKAB) - 28mtpa ore, 20mtpa pellets + Fe con - Concentrator, Pelletiser - Discussions, test work commenced 170 km by rail from Narvic Port - Norwegian Coast (ice free) - Storage and loading capacity - 22mtpa exports
Slide 9: D Zone Cu and Fe
D Zone Cu and Fe waco.) (wooo || << | 50mRL 50mRL| |400mRL 400mRL| 20m @ 2.26% Cu 25.8m @ 2.2% Cu sain 276m @ 38.4% Fe Shelli) Basalt VDD0016 150mRL 11m @ 24.8% Fe 4150mRL r 3.9m @ 0.3% Cu 7 22.0% Fe voD0018 5m @ 30.6% Fe 3m @ 1.7% Cu VvbD0018 1.5m @ 17.0% Fe |200mRL 3m @ 0.4% Cu D-Zone 200mRL| E- W
Slide 10: Adak Copper / Zinc Project
Adak Copper / Zinc Project Discovered in 40’s in Skellefte Base Metals Belt 300km south of Kiruna 6.3mt @ 2.0% Cu, 4.7mt @ 0.9%Cu and 3.0% Zn from 1946-1970 - Pits and Room and Pillar UG Part of Phelps Dodge purchase March 2008 Historical data being assembled - Paper and sepia - Old core - Historica
Slide 11: Cu Exploration 2010 Viscaria targets
Cu Exploration 2010 Viscaria targets new slide EM conductor along Viscaria trend >40km strike length Highlights ‘A’Zone and ‘B’ Zone massive and disseminated sulphide lenses with characteristic signature 4 Primary targets identified – numerous others Geochemical sampling in 2010 - Till - Peat bog Dr
Slide 12: Fe and Cu Exploration – Regional Targets
Fe and Cu Exploration – Regional Targets 423km² tenure application - May 2010 Regional Cu-Au and Fe mineralisation - LKAB till sampling dataset - Magnetics/Gravity/EM - comprehensive geological, geochemical datasets (SGS) Multiple Targets - IOCG - VMS Cu and Zn - Skarn Iron Ore Focus + 10mt 2% Cu +
Slide 13: Viscaria Cu Project Work Program
Viscaria Cu Project Work Program 2009 2010 2011 2012 Pre-feasibility Cu only Metallurgy Cu and Fe Fe Mining concession Permitting App EIA and E Court Drilling D,B,A zone Explore Definitive Feasibility Cu and Fe Study Construction & Ore sales Development Stand Alone Ore sales Mining Stand Alone
Slide 14: Photos
Photos
Slide 15: Summary - Avalon Minerals
Summary - Avalon Minerals Viscaria Cu ― Large system (4km) + multiple zones (3 so far) ― High grade zones >3% Cu ― Existing decline and unmined open pit ore ― PFS drilling and test work in Progress World Class infrastructure and facilities - Road, Air, Power and Workforce - Aitik Cu concentrator, Ro
Slide 16: 2009 Review Viscaria Will Produce – Open Cut
2009 Review Viscaria Will Produce – Open Cut Open Cut Scoping study Capacity - 500,000 and 750,000tpa Grade - 1.6% Cu Production - 7,000 to 10,000 tpa Copper price (longterm) - US$5,500/tonne Est Op costs - US$2,400 – US$2,900/tonne recovered
Slide 17: Competent Persons Statement
Competent Persons Statement The information in this report relating to the Mineral Resource and Exploration Results is reviewed by Mr Andrew Munckton BSc (Mining Geology) who is a Member of the Australasian Institute of Mining and Metallurgy and is employed by Avalon Minerals Ltd as the Company’s Ge
Slide 18: Contact Details
Contact Details Suite 2 2 Richardson Street West Perth WA 6005 Australia Telephone: +61 8 9322 2752 Facsimile: +61 8 9322 2827 PO Box 165 West Perth WA 6872 Australia info@avalonminerals.com.au andrew.munckton@avalonminerals.com.au www.avalonminerals.com.au
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