Alvo Minerals Limited · ASX:ALV
Alvo Minerals — PDAC Brazil Mining Day June 2022
20 slides from Alvo Minerals's conference presentation, June 2022
Slide 1: Palma Cu & Zn VMS Project
Palma Cu & Zn VMS Project PDAC Brazil Mining Day June 2022
Slide 2: Alvo Minerals - Disclaimer
Alvo Minerals - Disclaimer The information in this presentation is confidential and may only be used if received directly from Alvo Minerals Limited (ACN 637 802 496) (Alvo or the Company). No third parties have undertaken an independent review of the information contained in this presentation. This
Slide 3: Alvo: Investment Summary
Alvo: Investment Summary Palma Project is a high-grade, 2 diamond drill rigs, RC drilling, Cu-Zn rich VMS district scale multiple geophysical surveys opportunity in Brazil targeting mineralisation JORC Resource of 4.6Mt VMS targets occur in @ 1.0% Cu, 3.9% Zn, 0.4% clusters - Alvo has secured Pb & 2
Slide 4: Alvo Minerals Capital Structure
Alvo Minerals Capital Structure ALV Structure Summary Board and Management Key Information • Alvo’s board has significant minerals exploration and mining experience in Brazil and Share price (as at 3 June 2022) $0.25 around the world Total shares on issue 72,830,314 • Experienced team in Brazil to m
Slide 5: The Palma Project
The Palma Project • Palma VMS district- 5 outcropping prospects. VMS typically occur in clusters - only the outcropping prospects drilled to date • Discovered in 1970’s, Palma has been largely idle for ~30 years - Alvo is the first to apply C3 modern/systematic/aggressive exploration C2 • JORC 2012
Slide 6: Infrastructure & Location
Infrastructure & Location Sealed roads to project Access to multiple hydroelectricity options Multiple rail options accessing ports and smelters Strong community and political support 6
Slide 7: Palma – A new VMS camp
Palma – A new VMS camp • Volcanogenic Massive Sulphide (VMS) deposits occur in clusters that define MAJOR mining camps • Only outcropping mineralisation drilled to date- limited • VMS are important global sources of Cu, Zn, Pb, Ag and Au exploration • Palma has the right rocks to become a new VMS ca
Slide 8: C3 Prospect – High grade Copper and Zinc
C3 Prospect – High grade Copper and Zinc • Phase 1 drilling complete, mineralisation open at depth and along strike • JORC 2012 Resource of 2.8Mt @ 1.1% Cu, 4.3% Zn, 0.2% Pb & 23g/t Ag • Multiple high-grade intercepts drilled will grow the resource; • PD3-001: 25.00m @ 1.79% Cu, 14.08% Zn from 187m
Slide 9: C3 Prospect – Thick and High-Grades; Open at Depth
C3 Prospect – Thick and High-Grades; Open at Depth 9
Slide 10: C1 Prospect – Diamond Drilling Ongoing
C1 Prospect –Diamond Drilling Ongoing • C1 is mineralised over 1.2km of strike - open at depth and along strike • Phase one diamond drilling intercepted significant polymetallic massive/semi-massive and disseminated sulphides o PD1-019: 21.8m @ 1.86% Cu, 8.68% Zn, 1.91% Pb, 56.10g/t Ag & 0.12g/t Au
Slide 11: C1 – FLEM & IP Surveys Highlight Significant Extensions
C1 – FLEM & IP Surveys Highlight Significant Extensions • FLEM survey at C1 extends potential at depth • Induced Polarisation (IP) survey completed in collaboration with the University of Brasilia, highlights the disseminated mineralisation drilled • Significant IP anomaly identified at the untested
Slide 12: Palma Exploration - is Palma a new VMS camp?
Palma Exploration -is Palma a new VMS camp? VTEM ch20 survey with priority conductors Combined Cu, Zn, Pb 1st order geochem anomalies • Alvo has >500km2 of contiguous and highly prospective ground in a known VMS district. • Regional geochemistry dataset - 27km of untested high tenor Cu/Zn Soil anoma
Slide 13: Ni/Cu/PGE's Magmatic Sulphide Target
Ni/Cu/PGE’s Magmatic Sulphide Target Early stage exploration target - Cana Brava mafic/ ultramafic belt • N-S striking mafic/ultramafic layered intrusion prospective for Ni/Cu/PGE’s • Stream sediment sampling Ni shows a very strong correlation with Co, Cr, Cu & V with a moderate correlation with Ba,
Slide 14: Palma Project - Next Steps
Palma Project - Next Steps Discover Expand Upgrade Project Q1 / 22 Q2 22 Q3 22 Q4 22 Q1 23 C3 Prospect Phase 1 diamond drilling Ground geophysical surveys (FLEM and DHEM) to refine drill targets Phase 2 drill program targeting significant extensions to high-grade mineralisation C1 Prospect Phase 1 d
Slide 15: Thank you
VMS Brazil Thank you Rob Smakman Managing Director +61 491 260 374 rob@alvominerals.com
Slide 16: Appendix
Appendix e 6.8 ag
Slide 17: JORC 2012 Inferred Mineral Resource
JORC 2012 Inferred Mineral Resource JORC 2012 Inferred Mineral Resource NSR Mineralised Tonnes Cu Zn Pb Ag Cut-Off Prospect (Mt) (%) (%) (%) (g/t) (US$) C1 60 1.80 0.8 3.2 0.8 15 Resources Based on ~32km of C3 60 2.80 1.1 4.3 0.2 23 diamond drilling in 165 holes Total 60 4.60 1.0 3.9 0.4 20 Inspecti
Slide 18: Palma Project History
Palma Project History Early 1970’s Early exploration by the Brazilian Geological Survey- CPRM. Regional Nickel exploration, mapping and soils discovered anomalous Cu in soils 1976 – 1978 1979 – 1993 1986 – 1989 Regional Stream sediments, defined numerous Exploration by CPRM including Japan Governmen
Slide 19: Strong Brazilian Relationships
Strong Brazilian Relationships • Alvo management have combined > 25 years of on-ground Brazilian experience- negotiating, exploring, licensing, studying building and operating minerals projects. • Strong association with CPRM and local government. Aligned towards developing Palma into a mining distr
Slide 20: Metallurgical Testwork
Metallurgical Testwork CPRM undertook bench and pilot plant testwork in 1982 and 1988 • 1982: Float tests on 400kg of sulphide mineralisation from drilling at C1 Figure below illustrates mapping along the decline • Bond Work Index of 13.0 kWh/t into C1, from which a 40 tonne sample was • Flotation t