Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Avalon Minerals — Investor Presentation (December 2016)
21 slides from Sunstone Metals's investor presentation, December 2016
Slide 1: Investor Update
INVESTOR UPDATE December 2016
Slide 2: Disclaimer
DISCLAIMER DISCLAIMER FORWARD-LOOKING STATEMENTS To the maximum extent permitted by law, no This Presentation includes certain statements that may be representation, warranty or undertaking, express or implied, deemed “forward-looking statements”. All statements in this is made and, to the maximum e
Slide 3: Update Covers
UPDATE COVERS - • Viscaria Copper Project; in an increasing copper price environment Pre-development project and very compelling upside • Southern Finland Gold Project; large land holding secures several gold prospects
Slide 4: Viscaria Copper Project
VISCARIA COPPER PROJECT A high quality copper project in a strengthening copper price environment A copper development opportunity in a mining district Development permitting in progress Exceptional exploration upside PROJECT SITE PUBLIC ACCESS ELECTRIC RAIL KIRUNA TOWN LOW COST HYDRO POWER
Slide 5: Viscaria Copper Project
VISCARIA COPPER PROJECT Currently 3 main deposits, A, B and D Zones Potential for several others to be defined Low risk copper development opportunity – will add significant value within an increasing copper price environment Very significant exploration upside Mineral Resource estimate 52.4Mt
Slide 6: Viscaria Copper Project - D Zone
VISCARIA COPPER PROJECT - D Zone • VDD 193, the deepest hole in the North Shoot resource area, intersected 26.7m at 2.6% Cu; including 6.6m at 3.5% Cu; and 5.2m at 2.9% Cu, and 6.9m at 2.6% Cu • VDD 195 was drilled below VDD 193, outside the resource boundary in the North Shoot, and intersected 21.5
Slide 7: Viscaria Copper Project - D Zone
VISCARIA COPPER PROJECT - D Zone • An incredibly compelling upside opportunity • D Zone copper host is 50-70% magnetite – simple process to model host to deliver orebody geometry • 3-D and plate modelling of magnetic data demonstrates very VDD 195 VDD 196 clearly that the orebody is significantly la
Slide 8: Viscaria Copper Project - D Zone
VISCARIA COPPER PROJECT - D Zone C Zone North target; NOT drilled • D Zone will grow considerably • C Zone North will be tested, VDD 196 VDD 195 and has the appearance of a D Zone type system
Slide 9: Viscaria Copper Project – A & B Zones
VISCARIA COPPER PROJECT – A & B ZONES • A & B Zones will deliver more copper • There is potential for more copper within the open pit development scenario than the historical mineral resource estimate suggests • This is confirmed by Avalon drilling from 2014 (VDD 182) and detailed reviews of histori
Slide 10: Viscaria Copper Project – A Zone
VISCARIA COPPER PROJECT – A ZONE • None of the upside at A Zone beyond the proposed open pits has been considered in any development scenario • It represents further upside to the current Target case • A Zone underground represents high grade upside • Some domains in A Zone and B Zone are elevated i
Slide 11: Viscaria Copper Project - Targets
VISCARIA COPPER PROJECT - TARGETS • Mine scale orebody extensions have low technical risk • Exploration success can be delivered within Copper and Magnetite at D 6 km long belt Zone North and D Zone South – very limited drill testing • A rich portfolio of near mine targets to add to the scale of the
Slide 12: Southern Finland Gold Project
SOUTHERN FINLAND GOLD PROJECT • 2,400km2 held under exploration reservation, and a JV with Nortec Minerals • Supported by infrastructure • Can operate all year round • Historical exploration by the Finnish Geological Survey has identified multiple gold occurrences • Initial drilling by Avalon delive
Slide 13: Satulinmäki Gold
SATULINMÄKI GOLD • Very early days, very strong discovery potential • High grade zones • Visible gold • Local high grade veins • All within a large gold system that is several hundred meters long
Slide 14: Satulinmäki Gold
SATULINMÄKI GOLD • Gold corridor at least 4km long • Mappable structures deliver rich suite of target GOLD CORRIDOR areas • Historical mapping of arsenopyrite supports larger gold target areas 4 km • Field assessment and outcrop mapping is underway (and yes it’s winter)
Slide 15: Satulinmäki Gold
SATULINMÄKI GOLD • At 120m depth, this image would show intersections from only 5 holes and include: • 9.2m at 7.3g/t gold • 4.0m at 2.2g/t gold • 9.0m at 1.6g/t gold • Geophysical Induced Polarisation (‘IP’) survey to map sulphides and alteration; planned and ready to go • Drilling to further defin
Slide 16: Southern Finland Gold Project
SOUTHERN FINLAND GOLD PROJECT • Avalon has secured exploration rights over several gold prospects • Most have seen some drilling by the Finnish Geological Survey (GTK) • They include: Korvenala – 10 shallow holes; 5.5m at 1g/t gold Kultanummi - 31 shallow holes; 1 to 6m intervals up to 10g/t gold Ki
Slide 17: Avalon – Copper and Gold Focus
AVALON – COPPER AND GOLD FOCUS Viscaria Copper Project – an advanced stage copper development opportunity with significant upside potential Mineral Resource estimate 52.4Mt at 1.2% Cu - 65% Measured and Indicated (Refer Annual Report released 16 August 2016, Mineral Resource Estimate table and t
Slide 18: Mineral Resource Estimate
MINERAL RESOURCE ESTIMATE Table: Currently Defined Mineral Resource for Copper reported on the Viscaria Project (JORC 2012) Resource Name Classification Tonnes (t) Cu Grade (%) Cu Metal (t) Measured 14,439,000 1.7 240,000 Indicated 4,690,000 1.2 57,200 A Zone Inferred 2,480,000 1.0 25,500 Subtotal 2
Slide 19: Corporate
CORPORATE TICKER ASX:AVI Top 10 shareholders hold 55% of shares on issue Frankfurt:AL9 Board and management hold 3.3% and have SHARE PRICE* A$0.025 participated in most placements SHARES ON ISSUE 520.4 million European and UK shareholders total 43% MARKET CAP A$13M CASH# A$1.0M 52 WEEK TRADING A$0.0
Slide 20: Competent Persons Statement
COMPETENT PERSONS STATEMENT Competent Persons Statement The information in this report that relates to exploration results and exploration targets and results is based upon information reviewed by Mr Malcolm Norris who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Norris is
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