Sunstone Metals Ltd · ASX:STM
Sunstone Metals — Avalon Minerals — Mining 2017 Resources Convention
25 slides from Sunstone Metals's conference presentation, August 2017
Slide 1: Copper and Gold
COPPER AND GOLD ASX: AVI BRAMADEROS GOLD-COPPER Mining 2017 Resources Convention, August 2017 SOUTHERN FINLAND GOLD VISCARIA COPPER
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: Corporate
CORPORATE Tightly held with market capitalization of just $15m TICKER ASX:AVI Frankfurt:AL9 Top 10 shareholders hold ~50% of shares on issue SHARE PRICE* A$0.017 Board and management hold 3.6% and have SHARES ON ISSUE 885.9 million participated in most placements MARKET CAP A$15M European and UK sha
Slide 4: Highly Experienced Team
HIGHLY EXPERIENCED TEAM With an impressive discovery record Chairman General Manager Graham Ascough Studies and Technical Services Resources executive. Broad global experience with large Ray Robinson companies and building juniors. Previously with Mining engineer with over 20 years operational, stud
Slide 5: The "New" Avalon
THE “NEW” AVALON A new investment opportunity; 3 projects; Copper and Gold exposure • Bramaderos Gold-Copper Project, Ecuador • Binding farm-in deal with TSXV listed Cornerstone Capital Resources where Avalon can earn up to 80% • Members of the Avalon team were leading SolGold when SolGold and Corne
Slide 6: Bramaderos – A World-Class Opportunity
BRAMADEROS – A WORLD-CLASS OPPORTUNITY Matching the team with the opportunity ▪ Binding farm-in agreement with TSXV listed Cornerstone Capital Resources – see ASX announcement dated 10th April 2017 ▪ The Avalon team has previously partnered with Cornerstone, and the Bramaderos project presents an op
Slide 7: Bramaderos – A World-Class Opportunity
BRAMADEROS – A WORLD-CLASS OPPORTUNITY Excellent access and infrastructure • Area amenable to development • The Project is accessible by vehicle from Catamayo, a 1.5 hour drive along the sealed Pan-American highway which passes through the western portion of the Project • Catamayo is serviced by dai
Slide 8: Ecuador – Open for Investment
ECUADOR – OPEN FOR INVESTMENT Pro-mining Government with equitable and competitive tax structure In Toronto, on the TSXV, Ecuador is currently the ‘hottest’ exploration destination A Good Place to Explore and Develop • Ecuador has not seen the same level of mineral exploration as its neighbouring co
Slide 9: Australian Companies in Ecuador
AUSTRALIAN COMPANIES IN ECUADOR Avalon is the only ASX-listed junior providing direct exposure to this potential • Ecuador is booming; very active exploration and development scene • Avalon represents the only ASX listed junior to provide direct exposure to this potential • 2016 – secured 10% positi
Slide 10: Value Growth Through Discovery
VALUE GROWTH THROUGH DISCOVERY Avalon is the only ASX-listed junior providing direct junior company exposure to Ecuador • Shareholder value growth delivered through discovery, and sustained by delivering a clear pathway to development – secure title, a good operating regime, funding options, infrast
Slide 11: Bramaderos – Discovery Focus
BRAMADEROS – DISCOVERY FOCUS A highly prospective gold-copper concession West Zone breccia; trench Malachite at Limon; rock chips 41.7 m @ 3.70 g/t Au up to 1.8% Cu & 1.45g/t Au Epithermal veins at Yeso Magnetite stockwork at Bramaderos 11
Slide 12: Bramaderos – Project Geology & Targets
BRAMADEROS – PROJECT GEOLOGY & TARGETS A highly prospective gold-copper concession Sheeted veins at Malachite staining in area Bramaderos Limon of anomalous historical Prospect gold and copper rock Intense stockwork Thick stockwork veins chips samples at Limon veining at Limon in altered host rocks
Slide 13: Bramaderos – Project Geology & Targets
BRAMADEROS – PROJECT GEOLOGY & TARGETS Early results • Bramaderos Main anomalism tightening up, and exhibiting NW trending structural control • New areas of metal anomalism being defined between Limon Main and Bramaderos Main, coincident with historically mapped areas of quartz stockwork and intrusi
Slide 14: Viscaria Copper Project
VISCARIA COPPER PROJECT Advanced copper project in Sweden ✓ High quality copper project ✓ PFS stage 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 14
Slide 15: Viscaria Copper Project
VISCARIA COPPER PROJECT Outstanding Location A Zone previously mined, other orebodies not Kiruna Mineral Resource Viscaria estimate 52.4Mt at 1.2% Cu - 65% Measured and Indicated Subset of that used in 2016 Scoping Study LKAB (Refer Annual Report released 16 August 2016, Mineral Resource Estimate ta
Slide 16: Viscaria Copper Project
VISCARIA COPPER PROJECT 2016 Scoping Study metrics for Target Case A See ASX announcements • 18th December 2015 “Viscaria Copper Project Scoping Study” • 5th April 2016 “Investor Update and Presentation” 16
Slide 17: Viscaria Project – D Zone
VISCARIA PROJECT – D Zone Considerable upside potential laterally to the southwest and down plunge D Zone Southern Extension – 0.8km N 1 effective drill hole, 1.5% Cu, shallow D Zone – 1.2km strike length Resource Estimate 11Mt at 1.2% Cu and open Ground Magnetic Image D Zone Long Section showing co
Slide 18: Viscaria Project – D Zone
VISCARIA PROJECT – D Zone Considerable upside potential laterally to the south and down plunge • VDD 193 (drilled 2015), 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 VD
Slide 19: Viscaria Project – Near-Mine Targets
VISCARIA PROJECT – NEAR-MINE TARGETS Several kilometers of target horizon for D Zone analogues D Zone South Lies along magnetic strike, 3 km southwest of the D Zone deposit Only a few shallow RC and diamond drill holes completed in Avalon's early drill campaigns in 2010 and 2011 Four drill hol
Slide 20: Southern Finland Gold Project
SOUTHERN FINLAND GOLD PROJECT Highly prospective gold exploration opportunity • 2,400km2 held under 100% held Exploration Reservation, and a JV with Nortec Minerals (AVI holds 51%) • Supported by infrastructure • Can operate all year round • Historical exploration by the Finnish Geological Survey ha
Slide 21: Southern Finland Gold Project
SOUTHERN FINLAND GOLD PROJECT Highly prospective gold exploration opportunity • Satulinmäki, 300m x 300m mineralised area and growing • Several other highly prospective mineralised areas nearby 21
Slide 22: Satulinmäki Gold Prospect
SATULINMÄKI GOLD PROSPECT Drill intersections potentially extend to depth based on geophysics • Considerable vertical extent interpreted from chargeability anomalies • Drilling to date correlates gold zones with conductivity anomalies 22
Slide 23: Avalon – Planned Work and News Flow
AVALON – PLANNED WORK AND NEWS FLOW Bramaderos Gold-Copper Project ▪ Active exploration program; mapping, rock chip sampling, soil sampling, trenching, heli-magnetics ▪ Ongoing historical data compilation ▪ Strong news flow as multiple targets mature ▪ Operational considerations for early stage de
Slide 24: Viscaria Copper Project Mineral Resource Estimate
VISCARIA COPPER PROJECT Mineral Resource Estimate Resource Area Classification Tonnes (Mt) Cu Grade (%) Contained Cu (kt) Measured 14.44 1.7 240.0 Indicated 4.69 1.2 57.2 A Zone Inferred 2.48 1 25.5 Subtotal 21.61 1.5 322.7 Measured 0.12 1.3 1.6 Indicated 4.12 0.7 29.7 B Zone Inferred 15.41 0.8 118.
Slide 25: Competent Person's Statement
COMPETENT PERSON’S 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 Dr Bruce Rohrlach who is a member of the Australasian Institute of Mining and Metallurgy. Dr Rohrlach