Auravelle Metals Limited · ASX:AUV
Auravelle Metals — Investor Presentation (December 2024)
32 slides from Auravelle Metals's investor presentation, Dec 19, 2024
Slide 1: Acquisition of Exciting Gold Portfolio
ACQUISITION OF EXCITING GOLD PORTFOLIO Advanced gold exploration projects close to million-ounce gold deposits and mining infrastructure in Western Australia and South Australia ASX:SRI | DECEMBER 2024
Slide 2: Disclaimer
DISCLAIMER Summary of information: This presentation contains general, summary and background information about be made in places in which, or to persons to whom it would be lawful to make such offers. This presentation Sipa’s activities as at the date of the presentation and should not be considere
Slide 3: Disclaimer: Cautionary Statement - Reporting of Historical Drilling
DISCLAIMER CAUTIONARY STATEMENT - REPORTING OF HISTORICAL DRILLING The historical results included in this release include exploration results collected between approximately 1995 - 2019. Whilst not all referenced in this release, exploration activity on ground covered by the current tenements was u
Slide 4: Summary
SUMMARY Highly prospective areas Multiple gold targets to drill Binding Heads of Agreements to acquire a 100% interest in four advanced gold exploration projects in South Australia and Western Australia: ⚬ Tunkillia North, Nuckulla Hill & Skye Projects (SA) covering c.729km2, and ⚬ Crown Project (WA
Slide 5: New projects highly prospective, proximal to infrastructure
The new projects are highly prospective, in proven geological terrains and proximal to nearby infrastructure. Their acquisition enables Sipa to significantly ramp up our exploration efforts and diversify Sipa’s existing portfolio and enable year-round on-ground activity. Furthermore, the South Austr
Slide 6: Projects at a Glance
PROJECTS AT A GLANCE Tunkillia North and Nuckulla Hill in South Australia are proximal to Barton Gold’s 1.5Moz gold Tunkillia project, which has a positive scoping study1 Nuckulla Hill, multiple +1g/t intercepts including: Building shareholder value • 7m @ 4.4g/t Au – Sheoak2 through exploration of
Slide 7: Projects: South Australia
PROJECTS South Australia Three projects located in the central Gawler Craton in South Australia: • Tunkillia North Gold Project (“Tunkillia North”), • Nuckulla Hill Gold Project (“Nuckulla Hill”), and • Skye Gold Project (“Skye”) Tunkillia North and Nuckulla Hill are proximal to Barton Gold’s 1.5 Mo
Slide 8: Nuckulla Hill Project - SA
PROJECTS Nuckulla Hill Project - SA HIGH PRIORITY FOCUS – REGIONAL AND EXTENSIONAL TARGETS Tunkillia Gold Project – 1.5Moz1 Barton Gold • 40km to the south of Barton Gold’s Tunkillia Gold Project • Nuckulla Hill contains ~30km strike of the Yarlbrinda Shear Zone The Yarlbrinda Shear has a strong a
Slide 9: Nuckulla Hill Project - High Priority Targets
PROJECTS Nuckulla Hill Project - SA HIGH PRIORITY TARGETS • Multiple +1g/t intercepts including from historical drilling by Equinox1: 7m @ 4.4g/t Au, & 6m at 1.5g/t Au – Sheoak 24m at 1.1g/t Au, & 10m at 1.1g/t Au – Bimba • Sheoak is +800m long and open along strike and at depth • Bimba is +300m
Slide 10: Tunkillia North Gold Project - SA
PROJECTS Tunkillia North Gold Project - SA • One granted exploration licence - EL 6493 covering an area of 119 km2 • Located to the north of Barton Gold’s 1.5Moz Tunkillia Gold Project (global JORC Mineral Resource Estimate (MRE) of 51.3Mt @ 0.91g/t Au)1 • In the 1990’s, calcrete sampling by MIM Exp
Slide 11: Skye Gold & REE Project - SA
PROJECTS Skye Gold & REE Project - SA • One granted exploration licence, EL 6492, covering 155 km2 in the central Gawler Craton • Situated within a proven gold-bearing terrain: Golf Bore – 119koz2 Barton Gold 40km from Barton’s Challenger gold mine which produced 1.2Moz of gold between 2002 and 20
Slide 12: Crown Gold Project - WA
PROJECTS Crown Gold Project - WA • One granted exploration licence (E25/535), three granted prospecting licences (P25/2418 - 2420) and one pending prospecting licence application (P25/2417) • Located 40 km southeast of Kalgoorlie and between Black Cat Syndicate Limited’s Majestic, Fingals and Trojan
Slide 13: Planned Work
PLANNED WORK Nuckulla Hill • Data review and targeting, additional calcrete geochemical sampling, heritage surveys, extensional aircore drilling along strike of existing prospects, and deeper RC drilling Targeting drilling 2nd Quarter 2025, pending heritage surveys Tunkillia North • Data review an
Slide 14: Consideration
CONSIDERATION Purchase consideration of up to $2,200,000 comprises: • Upfront consideration: cash payment of $200,000 (including a $15,000 exclusivity fee); and, issue of $750,000 of Sipa shares based on a 5-day volume weighted average Sipa share price leading up to the execution of the Heads of
Slide 15: Capital Raising: Two Tranche Placement
CAPITAL RAISING Two Tranche Placement • Firm commitments to raise $1.75 million (before costs) received, via a placement to institutional and sophisticated investors of 134.6 million new ordinary shares at an issue price of 1.3 cents per share plus a 1-for-2 free attaching option with an exercise pr
Slide 16: Capital Raising: Tranche Two
CAPITAL RAISING Tranche Two • The following securities will be issued under Tranche 2 subject to shareholder approval: 67.3 million 1-for-2 attaching unlisted options pursuant to the Placement; 53.6m new shares to the vendor as initial consideration; and 17.0 million unlisted options (on the s
Slide 17: Capital Raising: Use of Funds
CAPITAL RAISING Use of Funds • Funds raised from the capital raising are expected to be applied in the following manner: Item Use of Funds Exploration on: • Tunkillia North Gold Project, Nuckulla Hill Gold Project, Skye Gold Project, Crown Gold Project, and • Existing projects $1,250,000 Cost of the
Slide 18: Capital Structure
CAPITAL STRUCTURE Proforma Structure • The expected impact on the capital structure of Sipa following the acquisitions and Placement will be as follows: Description Fully Paid Ordinary Shares Options Total Securities Securities currently on issue 228,158,135 23,400,000 251,558,135 Placement securiti
Slide 19: Existing Projects: Paterson North
Paterson North Project and significant regional deposits* EXISTING PROJECTS PATERSON NORTH • +1,000km2 in Paterson region of WA • Near RTX’s Winu discovery and Calibre and Magnum deposits and c.115km north of the large Telfer copper-gold mine Recent Transactions Opening Up the Region • Greatland pur
Slide 20: Paterson North
Paterson North Exploration To Date Drilling Completed • Multiple rounds of aircore drilling, RC drilling in 2022 & • ~1,000m RC gold-focused drill program recently Diamond drilling in 2023 finished • SkyTEM aerial electromagnetic survey over ~60% of project • Targeting extensions to Obelisk area • R
Slide 21: Existing Projects: Skeleton Rocks
• 119° • SOUTHERN CROSS • EXISTING PROJECTS • • • • • • Edna May • • • • • • • • SKELETON ROCKS • • • • • • 4 hours drive from Perth •• Marvel Loch • • • • • • 678 km2, immediately west of the Southern • Yilgarn Star • • • • Cross greenst
Slide 22: Anomalous Geochemistry Limited Fieldwork to Date
Anomalous Geochemistry Limited Fieldwork to Date • Historical drilling and sampling has identified anomalous nickel • Small-scale aircore drilling confirmed anomalism • Nickel results not subsequently followed up, and several • Soil and rock chip sampling adjacent magnetic anomalies along strike rem
Slide 23: Existing Projects: Barbwire Terrace and Wolfe Basin
EXISTING PROJECTS BARBWIRE TERRACE • +620km2 of granted tenements targeting Mississippi Valley Type (MVT) targets & analogous to the high-grade Lennard Shelf deposits • 50/50 Joint Venture with Buru Energy [ASX: BRU] – Sipa manager, though Buru recently announced it is looking to divest, along with
Slide 24: Leveraged to Exploration Success
LEVERAGED TO EXPLORATION SUCCESS Project Refinement Underway • New gold projects to enable more diverse and consistent newsflow • Outstanding geology with proximal analogues, good locations and access, not bound by seasonality, plus nearby infrastructure Active Exploration • Current drilling on two
Slide 25: Contact: Andrew Muir, Nicholas Read
ASX: SRI Andrew Muir Managing Director +61 (8) 9388 1551 andrew@sipa.com.au Nicholas Read Read Corporate +61 (8) 9388 1474 info@readcorporate.com.au sipa.com.au
Slide 26: Appendix 1: Location of Significant Historical Drill Intercepts
APPENDIX 1 Location Of Significant Historical Drill Intercepts in this Announcement Prospect Hole ID Drill type Northing AMG_z53 Easting AMG_z53 Azi Dip Depth (m) Sheoak NHAC26 AC 6493200 479009 260 -60 59 Sheoak NHRC-1 RC 6493200 478930 260 -60 59 Sheoak NHRC-1 RC 6493200 478930 260 -60 59 Bimba NH
Slide 27: Appendix 1: JORC Code 2012 Table 1
APPENDIX 1 JORC Code, 2012 Edition – Table 1 Disclaimer (Criteria in this section apply to all succeeding sections.) Sipa Resources has completed a compilation of past exploration work conducted on the tenement portfolio. Past reports on work completed have been collated and (where available) digita
Slide 28: JORC Table 1: Aircore and RC Drilling Sampling
APPENDIX 1 JORC Code, 2012 Edition – Table 1 Section 1 Sampling Techniques and Data – Aircore and RC Drilling (Criteria in this section apply to all succeeding sections.) All data taken from SARIG: Open File Envelope No. 9020, El 2035 And El 2761, Nuckulla Hill, Second Partial Surrender – Data Relea
Slide 29: JORC Table 1: Aircore and RC Drilling continued
APPENDIX 1 JORC Code, 2012 Edition – Table 1 Section 1 Sampling Techniques and Data – Aircore and RC Drilling continued Criteria JORC Code explanation Commentary Quality of assay data and laboratory • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether
Slide 30: JORC Table 1: Calcrete Sampling
APPENDIX 1 JORC Code, 2012 Edition – Table 1 Section 1 Sampling Techniques and Data – Calcrete Sampling (Criteria in this section apply to all succeeding sections.) All data taken from SARIG: Open File Envelope No. 9862, El 2518 / 3107 / 4197, Glenloth Annual Reports [And Second Partial Relinquishme
Slide 31: JORC Table 1: Calcrete Sampling continued
APPENDIX 1 JORC Code, 2012 Edition – Table 1 Section 1 Sampling Techniques and Data – Calcrete Sampling continued Criteria JORC Code explanation Commentary Quality of assay data and laboratory • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the te
Slide 32: JORC Table 1: Reporting of Exploration Results
APPENDIX 1 JORC Code, 2012 Edition – Table 1 Section 2 Reporting of Exploration Results (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Commentary Mineral tenement and land • Type, reference name/number, location and ownership including agreements or mater
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