Auravelle Metals Limited · ASX:AUV
Auravelle Metals — Sipa Resources — Investor Presentation (September 2020)
15 slides from Auravelle Metals's investor presentation, September 2020
Slide 1: Investor Update
Sipa Resources Limited Investor Update September 2020 1
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Sipa Resources Limited (Sipa). Summary of information: This presentation contains general and background information about Sipa’s activities current as at the date of the presentation and should not be considered to be comprehensive or to comprise al
Slide 3: Key Projects
KEY PROJECTS Substantial project portfolio focused on gold and base metals opportunities in Western Australia Upcoming news flow: – Wolfe Basin ground geophysics – Wolfe Basin drilling commencing October – Warralong detailed airmag. and targeting – Warralong stream survey results – Skelton Rock deta
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Capital Structure (11/09/2020) Shareholders (11/09/2020) Shares 142M Rodiv NSW P/L Pension Fund 17.6% Unlisted Options 3.4M JM Financial 6% Share Price A$0.09 Moggs Creek Pty Ltd 2.6% Market Cap A$12M G Dunhill 2.2% Cash and equities (30/6/2020) A$3.6M Top 20 41.6% Board Tim Kenne
Slide 5: Background
BACKGROUND Enduring greenfields mineral explorer • Consistent generator of gold and base-metals projects with the potential to become ‘Tier 1’ deposits and attract funding from majors • Project pipeline refocussed to Western Australia over the last 12 months and constantly under review Track record
Slide 6: Investment Opportunity
INVESTMENT OPPORTUNITY Leveraged to exploration success • Multiple projects and multiple discovery opportunities across gold and base metals in Western Australia • Strategic holding in the Paterson region with next phase of exploration funded by Rio Tinto • Low enterprise value – does not yet reflec
Slide 7: Warralong Gold Project
Warralong Gold Project • >1000km2 in the Pilbara region of Western Australia • Covering 50km of the Lalla Rookh Shear Zone (LRSZ) under shallow cover • Intrusion-hosted gold targets similar to recent discoveries on the parallel Tabba Tabba Shear Zone to the west • Sipa’s project area almost complete
Slide 8: Warralong Gold Project
Warralong Gold Project • LRSZ a major structure parallel to the Tabba Tabba Shear Zone (TTSZ) • TTSZ hosts several mineral deposits, but LRSZ underexplored, including for intrusion hosted gold mineralisation recently discovered by DeGrey • Historic airmag. shows several target areas for follow up, w
Slide 9: Wolfe Basin
Wolfe Basin • 780km2 of unexplored ground in the Kimberley with no previous drilling • Sediment hosted base-metal and intrusive-hosted nickel targets • Easy access via Tanami Road • Two outcropping gossans and extensive base metal soil anomaly • IP survey crew mobilised to site to allow refinement o
Slide 10: Wolfe Basin
Wolfe Basin • Mineralisation model supported by all results to date • Gossans outcrop in target locations • Opportunity for additional target horizons in higher parts of the basin yet to be explored • Imminent drill program to test initial target areas and search for additional prospective horizons
Slide 11: Skeleton Rocks
Skeleton Rocks • Four tenement applications cover more than 800 km2 immediately west of the Southern Cross greenstone belt in the goldfields region of Western Australia. • Covers exposed and shallowly covered greenstone belts with limited to no drill testing • Prospective for orogenic gold and nicke
Slide 12: Paterson North JV
Paterson North JV • Rio-Tinto (Rio) $12M+ Farm In and JV: • $6M to earn 55% (minimum $3M and 4000m drilling before withdrawal) • Additional $6M to earn 70% • Rio to sole fund to JORC resource >$1B or complete ‘Order of Magnitude Study’ to earn 80% • Rio to subscribe to $250K placement in Sipa shares
Slide 13: Barbwire Terrace
Barbwire Terrace • Tenure covers under-explored margin of the Fitzroy Trough, Western Australia • MVT Pb-Zn targets along the Buru petroleum leases Fenton Fault in analogous position to known Lennard Shelf deposits • Scale potential similar to world Buru petroleum leases class Admiral Bay deposit, b
Slide 14: Uganda
Uganda • Ni-Cu sulphide discovery at Akelikongo continues to grow with similarities to major global deposits such as Nova • Rare, high value prize warrants ongoing work on multiple prospective ultramafic intrusions • Currently being marketed to potential JV partners to fund future work 14
Slide 15: Leveraged to Exploration Success
Leveraged to Exploration Success • Multiple projects and gold and base-metals discovery opportunities in Australia • Current exploration programs at: – Wolfe Basin - approvals received for October drilling, ground geophysical survey underway – Warralong - airborne magnetics survey commencing late Se
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