Stavely Minerals Ltd · ASX:SVY
Stavely Minerals — Investor Presentation (October 2019)
45 slides from Stavely Minerals's investor presentation, Oct 8, 2019
Slide 1: October 2019
For personal use only October 2019
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 and directors
STAVELY MINERALS For personal use only ASX Code – SVY Shares on Issue – 183.3M Share Price - $1.105 Market Cap - $202.5M Cash (30/06/19) - $2.88M* Management & Staff ~30% equity *Excludes ~$1.5m of equity issued in lieu of drilling costs yet to be released from escrow $1.20 25,000,000 Directors $1.0
Slide 4: Projects
For personal use only PROJECTS
Slide 5: Victorian Project Locations
VICTORIAN PROJECT LOCATIONS For personal use only The Ararat Project is prospective for VMS base metals-gold and ‘Stawell- style’ gold mineralisation. The Stavely, ‘Block 3’, Yarram Park and Black Range Projects are prospective for ancient porphyry copper-gold and VMS base metals-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: Tasmania Project Locations
TASMANIA PROJECT LOCATIONS For personal use only The Mathinna Project is prospective for: • quartz-sulphide vein-hosted gold Produced ~300,000 ounces of gold at an average grade of 26g/t gold* *see ASX announcement 26 November 2018 available from www.stavely.com.au
Slide 8: Mineral Resources
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: • Infer
Slide 9: Porphyry Discovery Opportunities
For personal use only PORPHYRY DISCOVERY OPPORTUNITIES: THURSDAY’S GOSSAN, JUNCTION, MOUNT STAVELY AND OTHERS
Slide 10: The Porphyry Hunt
THE PORPHYRY HUNT For personal use only When we started this journey, the focus was on discovering a deep porphyry that previous explorers had missed. That search culminated in the drilling of a 1,800m drill hole targeting the porphyry at depth. It was a total ‘duster’ – no mineralisation of interes
Slide 11: Stavely Volcanic Belt
STAVELY VOLCANIC BELT For personal use only Stavely has the largest and most strategic tenement holding in the belt • Thursday’s Gossan porphyry • Toora West porphyry prospect • Junction porphyry • Mount Stavely porphyry • Fairview Gold prospect • Wickliffe VMS prospect • Patanga copper prospect Rec
Slide 12: Porphyry: Thursday's Gossan Chalcocite Blanket
THURSDAY’S GOSSAN PORPHYRY For personal use only Thursday’s Gossan Chalcocite Blanket Inferred Mineral Resources of 28Mt at 0.4% copper for 110kt of contained copper Shock!! silver and gold often not assayed but known to be there ✓ Rail line crosses the project and goes direct to a deep water port
Slide 13: Porphyry: This Time Last Year
THURSDAY’S GOSSAN PORPHYRY For personal use only This Time Last Year… Drilling had focussed on two parallel copper-gold mineralised trends at the northern end of the chalcocite blanket – eg: ❖ 7.7m at 4.1% copper and 1.1g/t gold ❖ 9.5m at 2.9% copper and 0.4g/t gold ❖ 32m at 0.8% copper and 0.4g/t g
Slide 14: The Penny Drops
For personal use only The Penny Drops
Slide 15: SMD042 and SMD044
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD042 and SMD044 ➢ SMD042 drilled just prior to Christmas ➢ Intercepted the NS structure 225m earlier than expected ➢ Required a re-think of the structural geometries 1. The LAS was not mineralised to the north but was to the south 2. The NS structur
Slide 16: SMD044
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD044 ➢ Large low-grade intercept of 952m at 0.23% copper – reflects a very large system ➢ Included 70m of chalcopyrite mineralisation – 70m at 0.51% copper including: • 10m at 2.43% copper and 0.30g/t gold ➢ Intercepted another interval of chalcopyr
Slide 17: SMD044 mineralisation
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD044 Early quartz-pyrite mineralisation cut by later bornite- chalcocite at 924.3m in the north-south structure (NSS) see ASX announcement 18/02/2019 and available from www.stavely.com.au
Slide 18: SMD044W1
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD044W1 ➢ Large low-grade intercept of 393m at 0.32% copper – lots of metal in this big system! ➢ Intercepted another interval of chalcopyrite- bornite-chalcocite-covellite mineralisation: • 18m at 3.62% copper, 0.28g/t gold and 15g/t silver, includi
Slide 19: SMD044W1 core photos
STAVELY MINERALS For personal use only SMD044W1 393m at 0.32% copper incl. • 18m at 3.62% Cu, 0.28g/t Au and 15g/t Photo 1. Pyrite vein with bornite-covellite-chalcocite(+-digenite) veining at 859.0m in Ag, including: SMD044W1. • 7m at 7.74% Cu, 0.46g/t Au and 32g/t Ag, including: • 2m at 15.7% Cu,
Slide 20: The Copper Lode Splay (CLS)
THURSDAY’S GOSSAN For personal use only The Copper Lode Splay (CLS) Intercepted in a couple of shallower holes: ➢ STRC019D – 3m at 2.65% copper and 1.17g/t gold ➢ SMD015 - 9m of 2.62% copper and 0.28g/t gold from 248m, including • 4m of 5.41% copper and 0.35g/t gold, including ▪ 1m at 14.75% copper
Slide 21: Copper Lode-style mineralisation in SMD032
THURSDAY’S GOSSAN For personal use only Copper Lode-style (think Magma Mine veins) pyrite-chalcopyrite-bornite-covellite-chalcocite mineralisation 1m @ 22.8% copper from 542.5m in SMD032 – note the chalcocite occurs as see ASX announcement 18/12/2018 and available from late network veins within the
Slide 22: Lode-Style Copper-Gold-Silver Mineralisation
THURSDAY’S GOSSAN For personal use only Lode-Style Copper-Gold-Silver Mineralisation It was at this stage, in conjunction with our consultants Dr(s) Greg Corbett, Scott Halley and Paul Ashley that we realised we were dealing with a style of mineralisation not previously seen in Australia – lode-styl
Slide 23: Magma Mine and the Resolution Porphyry
MAGMA MINE AND THE RESOLUTION PORPHYRY For personal use only Magma Mine and the Resolution Porphyry Can follow the Magma copper lode veins to the Resolution copper porphyry. The top of the porphyry mineralisation is 1.5km below surface – the veins in-excess of 3km vertical / lateral extent!
Slide 24: Copper sulphide zoning
Copper sulphide species are zoned For personal use only both vertically and laterally away from the porphyry – we see the same at Thursday’s Gossan
Slide 25: Magma Vein Long Section
MAGMA VEIN LONG SECTION For personal use only Sulphides are zoned from arsenical copper sulphides typical of high-sulphidation mineralisation through intermediate sulphidation to low sulphidation. Gold has an affinity with the distribution of bornite.
Slide 26: Butte Montana Composite Plan / Section
BUTTE MONTANA COMPOSITE PLAN / SECTION For personal use only Butte Montana Veins have a lateral extent of ~5km – a huge system! Sulphides are zoned from arsenical copper sulphides typical of high-sulphidation mineralisation through intermediate sulphidation to low sulphidation. Gold has an affinity
Slide 27: Structural control to high grade mineralisation
THURSDAY’S GOSSAN For personal use only Structural control to high grade copper ± gold and silver mineralisation • Three major mineralised structures (that we know of…) - • The north-south structure (NSS) • The copper lode splay (CLS) • The ultramafic contact fault (UCF) High-grade copper-gold-silve
Slide 28: Structural control to high grade mineralisation
THURSDAY’S GOSSAN For personal use only Structural control to high grade copper-gold-silver mineralisation • Three major structures (that we know of…) - • The north-south structure (NSS) • The copper lode splay (CLS) • The ultramafic contact fault (UCF)
Slide 29: SMD050 tests the UCF
THURSDAY’S GOSSAN For personal use only SMD050 tests the UCF • 32m at 5.88% copper, 1.00g/t gold and 58g/t silver, from 62m drill depth including • 12m at 14.3% copper, 2.26g/t gold and 145g/t silver from 82m, including • 2m at 40% copper, 3.00g/t gold and 517g/t silver Surprisingly, drill hole SMD0
Slide 30: Extremely high grades on the ultramafic contact
THURSDAY’S GOSSAN For personal use only Extremely high grades on the ultramafic contact • The ultramafic has been serpentinised during metamorphism • Abundant magnetite – possible reaction with fluids enhancing grade • Low pH – dissolves the serpentinite and deposits nickel and cobalt
Slide 31: SMD051 – confirmation of mineralisation on the UCF
THURSDAY’S GOSSAN For personal use only SMD051 – confirmation of mineralisation on the UCF, 160m SE of SMD050 • 8m at 9.69% copper, 0.40g/t gold and 17g/t silver, from 177m drill depth, including • 2m at 17.3% copper, 0.57g/t gold and 13g/t silver and • 59m at 1.80% copper, 0.43g/t gold and 15g/t si
Slide 32: SMD051 – confirmation of mineralisation on the UCF
THURSDAY’S GOSSAN For personal use only SMD051 – confirmation of mineralisation on the UCF, 160m SE of SMD050 • 8m at 9.69% copper, 0.40g/t gold and 17g/t silver, from 177m drill depth, including • 2m at 17.3% copper, 0.57g/t gold and 13g/t silver and • 59m at 1.80% copper, 0.43g/t gold and 15g/t si
Slide 33: SMD052 Completed
THURSDAY’S GOSSAN For personal use only SMD052 Completed Located 80m SE of SMD051 Note: SMD052 was not a good test of the mineralised contact – it hit the low-angle structure (LAS) first Assays pending. see ASX announcement 7/10/2019 and available from www.stavely.com.au
Slide 34: SMD053 Completed
THURSDAY’S GOSSAN For personal use only SMD053 Completed Confirms ~500m of strike extent from SMD053 in SE to SNDD001 in NW on the UCF Note the well mineralised structure has migrated into the serpentinite. Assays pending. see ASX announcement 7/10/2019 and available from www.stavely.com.au
Slide 35: Drilling on UCF moving into dilatant flexure
For personal use only Drilling on UCF moving into dilatant flexure Shape of the chalcocite blanket – Developed on dilatant structures on the NE and E margin of a pull- apart basin
Slide 36: Thursday's Gossan Dilatant Flexure
For personal use only THURSDAY’S GOSSAN Dilatant Flexure Current drilling only just coming around the corner into the Aeromag image dilation with soil copper results as dots. Chalcocite Sliver of UM? with blanket huge copper soil resource in anomaly not drill dashed white tested outline.
Slide 37: Other Opportunities - Junction
OTHER OPPORTUNITIES - JUNCTION 1 For personal use only Aircore hole TGAC078 • 57m at 2.43% copper and 22g/t silver from 2m to EoH • 6m at 0.16g/t gold see Stavely Minerals Prospectus and available from www.stavely.com.au
Slide 38: Conclusion
For personal use only Conclusion
Slide 39: Take Away Messages
TAKE AWAY MESSAGES For personal use only 1. Stavely has demonstrated that there are multiple porphyry phases at Thursday’s Gossan 2. Hosts structurally-controlled high-grade lode-style copper-gold- silver mineralisation similar to Magma, Arizona and Butte, Montana 3. Intercepts in 3 structures from
Slide 40: Tasmania
For personal use only TASMANIA
Slide 41: Mathinna Gold Project
MATHINNA GOLD PROJECT For personal use only The Mathinna Project is prospective for: • quartz-sulphide vein-hosted gold Produced ~300,000 ounces of gold at an average grade of 26g/t gold* *see ASX announcement 26 November 2018 and available from www.stavely.com.au
Slide 42: Mathinna Gold Project
MATHINNA GOLD PROJECT For personal use only
Slide 43: Mathinna Goldfield
MATHINNA GOLD PROJECT For personal use only Mathinna Goldfield To closure in 1932, the Mathinna Goldfield produced circa 300,000 ounces of gold at an average grade of 26g/t gold* ✓ Vertically extensive high-grade gold mineralisation ✓ Very little modern work done since ✓ Stavely granted priority rig
Slide 44: Mathinna Goldfield tenure
MATHINNA GOLD PROJECT For personal use only Mathinna Goldfield Stavely (Tasmania) has just also been granted EL4/2019 (ERA1118) (68km2) covering the remainder of the high-grade Mathinna Goldfield not covered by EL19/2018 *see ASX announcement 26 November 2018 and 22 March 2019, available from www.st
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
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