Stavely Minerals Ltd · ASX:SVY
Stavely Minerals — Resources Rising Stars Summer Series 2019
41 slides from Stavely Minerals's conference presentation, Feb 14, 2019
Slide 1: Knocking on the Door to Discovery in Western Victoria
For personal use only Knocking on the Door to Discovery in Western Victoria (and Queensland, and Tasmania) Read Corporate Resources Rising Stars Summer Series 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: shares, market cap, directors
STAVELY MINERALS For personal use only ASX Code – SVY Shares on Issue – 156M Share Price - $0.25 Market Cap - $39M Cash (31/12/18) - $2.3M* Management & Staff ~38% equity *Excludes Titeline Drilling agreement and Victorian Gov’t co-funding Directors $0.40 1,200,000 Volume Close Chris Cairns $0.35 1,
Slide 4: Take Away Messages
TAKE AWAY MESSAGES For personal use only 1. Stavely provides good value for investors – currently ~80% of expenditure is ‘in the ground’ 2. Stavely is well in the hunt for a copper-gold porphyry at Thursday’s Gossan 3. These porphyries are amongst the largest gold deposits in the world 4. Drill-read
Slide 5: Projects
For personal use only PROJECTS
Slide 6: 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, Yarram Park and Black Range Projects are prospective for ancient porphyry copper-gold and VMS base metals-gold mineralisation.
Slide 7: 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 2 drill-ready targets to be tested in March 2019
Slide 8: Tasmania Project Location
TASMANIA PROJECT LOCATION 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 9: 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 10: Porphyry Discovery Opportunities: Thursday's Gossan, Mount Stavely and Others
For personal use only PORPHYRY DISCOVERY OPPORTUNITIES: THURSDAY’S GOSSAN, MOUNT STAVELY AND OTHERS
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 Jus
Slide 12: We see something different to those who were there before us
THURSDAY’S GOSSAN PORPHYRY STAVELY MINERALS For personal use only We see something different to those who were there before us…
Slide 13: 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
Slide 14: Thursday's Gossan RC drilling
THURSDAY’S GOSSAN PORPHYRY Thursday’s Gossan RC drilling For personal use only ➢ 24 metres at 0.64% copper and 1.2 g/t gold including: • 14 metres at 0.82% copper and 1.99 g/t gold including • 1 metre at 0.84% copper and 22.2 g/t gold ➢ 29 metres at 0.53% copper and 0.30 g/t gold to end of hole (EoH
Slide 15: Thursday's Gossan RC Drilling (north section)
THURSDAY’S GOSSAN PORPHYRY For personal use only Thursday’s Gossan RC Drilling (north section) Shallow RC drill results: ➢ 64m at 0.40% copper and 0.19g/t gold, including o 29m at 0.53% copper and 0.3g/t gold to end of hole ➢ 11m at 0.49% copper and 0.29g/t gold, and A number of RC drill holes stopp
Slide 16: Thursday's Gossan Diamond Tails (north section)
THURSDAY’S GOSSAN PORPHYRY For personal use only Thursday’s Gossan Diamond Tails (north section) RC drill holes continued / twinned with diamond drill ‘tails’. Diamond drill results: ➢ 124m at 0.31% copper and 0.12g/t gold, and ➢ 53m at 0.37% copper and 0.15g/t gold, including ▪ 23m at 0.57% copper
Slide 17: Diamond drill results
THURSDAY’S GOSSAN PORPHYRY For personal use only Diamond drill results: • 314m at 0.11% copper • 283m at 0.16% copper • 194m at 0.16% copper • 85m at 0.35% copper and 0.18g/t gold • 124m at 0.31% copper and 0.12g/t gold • 92m at 0.34% copper and 0.12g/t gold, incl • 30m at 0.50% copper and 0.22g/t g
Slide 18: Porphyry 'M' veins and high-sulphidation veins
For personal use only Porphyry ‘M’ veins and high- sulphidation veins (now we are close, very close)
Slide 19: Magnetite veins intercepted in SMD015
THURSDAY’S GOSSAN PORPHYRY Magnetite veins intercepted in SMD015 could be far more For personal use only important as a proximal indicator to mineralisation +120m intercept of classic porphyry ‘M’ veins: ➢ Typical of gold-rich porphyries ➢ Veins in this photo are similar to the E-1A ‘M’ veins at Cad
Slide 20: Magnetite veins as proximal indicator to mineralisation
THURSDAY’S GOSSAN PORPHYRY Magnetite veins intercepted in SMD015 are important as a For personal use only proximal indicator to mineralisation The veins in this photo are similar to the Cadia Ridgeway E-1B ‘M’ veins see ASX announcement 12/01/2018 and available from www.stavely.com.au
Slide 21: Results from sulphide veins in SMD015
THURSDAY’S GOSSAN PORPHYRY For personal use only Results from sulphide veins in SMD015: ➢ 9m of 2.62% copper and 0.28g/t gold, including • 4m of 5.41% copper and 0.35g/t gold, including ▪ 1m at 14.75% copper and 0.33g/t gold ➢ 4m at 5.85% copper and 0.27g/t gold, including • 1m at 10.75% copper and
Slide 22: SMD017
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD017 ➢ 80m interval of porphyry ‘M’ veins from 408m to 488m – below the LAS • also with early porphyry ‘A’ veins ➢ The ‘M’ veins in SMD017 display similarities to the Cadia Ridgeway barren E-1A and E-1B veins but – importantly also the E-2 laminated
Slide 23: SMD026
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD026 ➢ Intercepted another major structure below the LAS ➢ The north-south (NS) structure has a component of dextral strike-slip ➢ Higher grades of gold encountered: ➢ 1m at 5.68g/t gold west ➢ 28m at 0.21% copper and 0.27g/t gold, side including no
Slide 24: SMD042
THURSDAY’S GOSSAN PORPHYRY For personal use only 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 structure is mineralised w
Slide 25: SMD044 (in-progress)
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD044 (in-progress) ➢ Intercepted 110m of chalcopyrite mineralisation, of which ➢ 40m of mixed chalcopyrite and bornite mineralisation (assays early March?) ➢ The character is basal high-sulphidation mineralisation with hematite, specular hematite, m
Slide 26: SMD044 (in-progress)
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD044 (in-progress) Anhydrite-pyrite-chalcopyrite vein at 589m Anhydrite stockwork veining with well- developed chalcopyrite at 622.6m see ASX announcement 11/02/2019 and available from www.stavely.com.au
Slide 27: High-Sulphidation Structure (HSS)
THURSDAY’S GOSSAN PORPHYRY For personal use only High-Sulphidation Structure (HSS) ➢ Intercepted in a couple of holes: ➢ STRC019D – 3m at 2.65% copper and 1.17g/t gold ➢ SMD015 - 9m of 2.62% copper and 0.28g/t gold, including • 4m of 5.41% copper and 0.35g/t gold, including ▪ 1m at 14.75% copper and
Slide 28: SMD032
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD032 ➢ Intercepted major sulphide veins ➢ High-sulphidation in character – means it is above a porphyry ➢ Highest grades yet encountered: • 63m at 0.84% copper and 0.11g/t gold, including o 6m at 6.73% copper, 0.84g/t gold, including ▪ 1m at 22.8% c
Slide 29: Basal high-sulphidation mineralisation
THURSDAY’S GOSSAN PORPHYRY For personal use only Basal high-sulphidation pyrite-chalcopyrite-bornite-covellite-chalcocite mineralisation from 542.5m – note the chalcocite occurs as late network veins within the more massive sulphides see ASX announcement 19/01/2019 and available from www.stavely.com
Slide 30: High-Sulphidation Structure
THURSDAY’S GOSSAN PORPHYRY For personal use only High-Sulphidation Structure These structures are very important: 1. They are a genuine exploration target in their own right – high grade, intercepted over 400m vertically and ~500m along strike 2. They can be followed down to the source porphyry
Slide 31: Lepanto High-sulphidation and the Far Southeast Porphyry
THURSDAY’S GOSSAN PORPHYRY For personal use only Lepanto High-sulphidation and the Far Southeast Porphyry
Slide 32: Far Southeast Porphyry
THURSDAY’S GOSSAN PORPHYRY For personal use only Far Southeast Porphyry 19.8Moz gold and 9,921Mlb copper Resource Tonnes Grade Metal Grade Metal classification (Mt) (Au g/t) (Au Moz) (Cu %) (Cu Mlb) Inferred 891.7 0.7 19.8 0.5 9,921 Total 891.7 0.7 19.8 0.5 9,921 Table 1: FSE Mineral Resources effec
Slide 33: Takeaway Messages
TAKEAWAY MESSAGES For personal use only 1. An undiscovered copper-gold porphyry exists at Thursday’s Gossan 2. They are amongst the largest gold deposits in the world 3. At 500Ma of age, it’s structurally complicated 4. We remain confident we will find it 5. We can’t tell you what the size and grade
Slide 34: Queensland
For personal use only QUEENSLAND
Slide 35: Queensland Projects
QUEENSLAND PROJECTS For personal use only Connolly Prospect, Ravenswood Rock-chips results: • 36.6g/t gold • 14.8g/t gold • 12.75g/t gold ✓ Similar to the Sarsfield deposit at Ravenswood Gold Mine (15km away) ✓ Drill-ready for late March
Slide 36: Tasmania
For personal use only TASMANIA
Slide 37: Mathinna Gold Project
MATHINNA GOLD PROJECT For personal use only
Slide 38: Mathinna Gold Project
MATHINNA GOLD PROJECT For personal use only 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 rights for application
Slide 39: Take Away Messages
For personal use only TAKE AWAY MESSAGES
Slide 40: Take Away Messages
TAKE AWAY MESSAGES ✓ Stavely Minerals is well in the chase for a copper-gold porphyry at For personal use only Thursday’s Gossan ✓ Results to date are great but we are not yet in the sweet spot and grades should be very attractive when we do get there ✓ We are confident we will find it ✓ Drilling on
Slide 41: 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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