Alvo Minerals Limited · ASX:ALV
Alvo Minerals — PDAC Conference (March 2024)
27 slides from Alvo Minerals's conference presentation, March 2024
Slide 1: Active Brazilian Critical Minerals Explorer
Active Brazilian Critical Minerals Explorer March 2024
Slide 2: Three Highly Prospective Critical Minerals Projects in Brazil
Three Highly Prospective Critical Minerals Projects in Brazil Strong community and political support Access to multiple hydroelectricity options Proximate to all infrastructure including rail and ports Located in Central Brazil, an emerging critical minerals ASX:ALV hub 2
Slide 3: Critical Minerals Focus
Critical Minerals Focus Bluebush IAC REE Project Large footprint of prospective ground (>120km2) 18.5m @ 1,396ppm (EOH) with +25% MREOs in auger and diamond drilling Confirmed ionic adsorption clay with extractions up to 83% MREO Can earn-in to up to 100% of project with no royalty Palma Copper-Zinc
Slide 4: Bluebush IAC REE Project Highlights
Bluebush IAC REE Project Highlights Exceptional TREO grades- 6m @ Alvo exercised the purchase option 2,537ppm & 18.5m @ over Bluebush in December 2023 - 1,396ppmTREO’s -High Magnet Bluebush held privately since 2004. and Heavy REE’s Large footprint of prospective Same granite that hosts Serra Verde-
Slide 5: EV Permanent Magnets NEED Specific REEs
EV Permanent Magnets NEED Specific REEs EV Rare Earth Permanent Magnet Motor 30% 67% 3% Iron - Boron NdPr DyTb Primarily used for Electric vehicles Highest efficiency and lowest cost: Battery costs reduced by 30% (lower lithium, cobalt & nickel content). Compact: Lower size and weight. Strength: Hig
Slide 6: ALV – ASX Brazilian IAC Peers
ALV – ASX Brazilian IAC Peers Brazil is emerging as one of the most important IAC jurisdictions globally Alvo is adjoining and in the same geological setting as Serra Verde, the only IAC REE mine operating outside of China Project Bluebush Serra Verde Caldeira Monte Alto Colossus Mineral Reserve 350
Slide 7: Bluebush IAC REE Project – Auger and Diamond Drilling
Bluebush IAC REE Project – Auger and Diamond Drilling 264 auger and 6 diamond holes drilled to date Exceptional MREO values so far; • 6m @ 2,537ppm TREO (21%) to EOH from 0m; inc. 3m @ 3,415ppm TREO (24% MREO) to EOH from 3m • 18.5m @ 1,396ppm TREO (25% MREO) Hand-held auger drilling and soils comme
Slide 8: Bluebush IAC REE Project – Diamond Drilling
Bluebush IAC REE Project – Diamond Drilling Diamond hole BLD004 returned a broad saprolite clay interval of: • 34m @ 1,090ppm TREO (24% MREO) • Diamond drilling significantly extended previously understood saprolite depth profile • Inc. 18.5m @ 1,396ppm TREO (25% MREO) from 0.5m; • Loupe Portable El
Slide 9: The Palma VMS Project
The Palma VMS Project Palma Project is a high-grade, Cu-Zn rich VMS district scale opportunity in Brazil - largely idle for over 30 years (1970’s) VMS targets occur in clusters - Dominant land position (>850km2) with >70km of prospective strike – new C4 VMS discovery JORC MRE of 4.6Mt @ 1.0% Cu, 3.9
Slide 10: C3 Deposit: High-grade Cu-Zn
C3 Deposit: High-grade Cu-Zn JORC Resource of 2.8Mt @ 1.1% Cu, 4.3% Zn, 0.2% Pb & 23g/t Ag based on historic drilling only Exceptional intercepts will grow the resource • PD3-001: 25.0m @ 6.3% CuEq or 15.34% ZnEq • PD3-007: 23.2m @ 5.5% CuEq or 13.4% ZnEq • Inc. 10.6m @ 10.1% CuEq or 24.73% ZnEq • P
Slide 11: C1 Deposit: Shallow, High-grade
C1 Deposit: Shallow, High-grade JORC Resource of 1.8Mt @ 0.8% Cu, 3.2% Zn, 0.8% Pb & 15g/t Ag based on historical drilling only 1.2km mineralised strike – open at depth and along strike Exceptional intercepts will grow the resource o PD1-019: 21.8m @ 4.8% CuEq^ or 11.72% ZnEq from 142m Inc. 8.0m @ 7
Slide 12: C4 - “Brownfields VMS Discovery”
C4 - “Brownfields VMS Discovery” Discovery hole PD4-084 is the widest Intercept ever at Palma Discovery hole at C4 VMS Prospect • PD4-084: 37m @ 1.9% CuEq or 4.6% ZnEq from 127m o Inc. 2m @ 3.6% CuEq or 8.8% ZnEq from 132m o Inc. 4m @ 2.8% CuEq or 6.9% ZnEq from 157m • PD4-084: 6m @ 1.9% CuEq or 4.7
Slide 13: Ongoing Exploration at Palma Cu-Zn Project
Ongoing Exploration at Palma Cu-Zn Project • Alvo’s active exploration program has defined a significant pipeline of exploration targets to be tested in 2024. • Urubu, TG01, C5, C4NE and Anta have all displayed coincident anomalies • Multi disciplinary approach to exploration includes: • Geophysical
Slide 14: Ipora REE Project
Ipora REE Project Ipora Project is located in the Goias State, exceptionally prospective for ionic-clay rare earth mineralisation Located ~600km north of the Bluebush IAC REE Project Located on similar geology and adjacent to the PCH Project owned by Appia Project pegged by Alvo – exploration to beg
Slide 15: Alvo: The Active Brazilian Explorer
Alvo: The Active Brazilian Explorer Extensive geological logging, Over 24,000m of Diamond Over 10,000 core geophysical surveys & studies Drilling conducted since Oct 2021 samples assayed of physical properties ALV IPO Afla Bluebush Ionic Clay Ipora OCTOBER 21 Earn-in REE Confirmation REE MARCH 23 JU
Slide 16: Advancing Critical Minerals in Brazil
Advancing Critical Minerals in Brazil Q1 24 Q2 24 Q3 24 Q4 24 BLUEBUSH REE Auger drilling Metallurgical Testwork Geophysics/Exploration PALMA – VMS FLEM and IP to refine discovery targets Mapping, soil sampling and auger drilling at early-stage targets areas Diamond drilling of mature regional targe
Slide 17: Corporate Overview- Framework for Discovery
Corporate Overview- Framework for Discovery Low Shares On Issue Board and Management 93.1 Exploration success can materially Alvo’s board has significant minerals exploration and million impact share price mining experience in Brazil and around the world. Graeme Slattery Experienced team in Brazil t
Slide 18: Disclaimer
Disclaimer This presentation: This presentation has been prepared to provide general information and does not contain all information about Alvo Minerals Limited (ACN 637 802 496) (Alvo or the Company), its assets and liabilities, financial position and performance, profits and losses or prospects.
Slide 19: Competent Person’s Statement
Competent Person’s Statement Palma Cu-Zn Project Mineral Resource Estimate: The information in this presentation includes information that is based on or extracted from the Independent Geologists Report prepared by Target Latin America and others, which is included in full in Alvo’s prospectus dated
Slide 20: Thank you
Thank you Rob Smakman Managing Director +61 402 736 773 rob@alvo.com.au
Slide 21: Appendix: References
Appendix: References References for third party MREs on slide 6: For more details on the Serra Verde MRE, refer to: https://www.cetem.gov.br/antigo/images/palestras/2015/iiisbtr/05-denilson-fonseca.pdf For more details on the Meteoric Resources Mineral Resource Estimate for the Caldeira Deposit, ref
Slide 22: Palma: A new VMS camp
Palma: A new VMS camp • Volcanogenic Massive Sulphide (VMS) deposits occur in clusters that define MAJOR 60 km mining camps • VMS are important global sources of Cu, Zn, Pb, Ag and Au • Palma has the right rocks to become a new PALMA VMS DISTRICT VMS camp – new discoveries only (Alvo >850km2) possib
Slide 23: C3 Prospect: Thick and High Cu Grades
C3 Prospect: Thick and High Cu Grades ASX:ALV 23
Slide 24: C4- “Brownfields VMS Discovery”
Mineralisation within a Broad C4- “Brownfields VMS Discovery” Alteration Halo • C4 located only 5km SW from C1 • If drilling continues to intercept broad mineralised zones, C4 could be quickly added to an updated MRE (currently underway at for C1 and C3) • Drilling at PD4-088 (results pending) has i
Slide 25: Palma Exploration
Palma Exploration Multi-Discipline, Multi-Target- Driving towards Diamond drill testing Resource Definition C1, C3, C4 C5, Urubu, TG-01, Anta, C4NE TG02... TG12 0 5 VTEM (15 Priority) & 60km of Soils Resource Definition Drill Testing Mapping, Geochem, Geophysics Conceptual ASX:ALV Alvo VTEM Targets
Slide 26: Urubu Prospect- extension of C3?
Urubu Prospect- extension of C3? Urubu (Vulture) has coincident soils and IP chargeability, FLEM survey has confirmed a conductor of similar conductivity thickness to C3 FLEM survey indicates a thickness/conductivity similar to C3 (~1,000 siemens) Additional Soils and Auger drilling planned before d
Slide 27: C5: Exploration
C5: Exploration C5 exploration is one of multiple advanced prospects • CPRM completed soils and a single (mineralised) drillhole (not located) • 3 coincident elongated Cu/Zn/Pb anomalies- each > 1km Alvo completed 800 x 50m soils- infill to 400 x 50m confirmed soil anomalies IP survey complete stron