Auravelle Metals Limited · ASX:AUV
Auravelle Metals — Sipa Resources — Investor Presentation (August 2018)
17 slides from Auravelle Metals's investor presentation, August 2018
Slide 1: Mineral discoveries in Uganda and Australian frontiers
Mineral discoveries in Uganda and Australian frontiers Africa Down Under August 2018 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: Overview
OVERVIEW • Sipa is a first mover in under explored frontier mineral provinces • High quality exploration projects • Ugandan nickel copper sulphide discovery • Emerging copper gold discovery at Paterson North High % of total spend in the ground, technically driven, interested only in large discoverie
Slide 4: Royalty Portfolio
Royalty Portfolio Portfolio a legacy of discovery track record • Sulphur Springs copper-zinc (Venturex *, under DFS) capped at $3.7m • Panorama – Kangaroo Caves (Venturex**) • Ashburton Gold Deposit mined 1999-2004 1.7 million ounces (Northern Star***) • Enigma Copper (Sandfire, ****) * $2 each tonn
Slide 5: Corporate
CORPORATE Capital Structure Shareholders ASX Code SRI JM Financial 8.6% Shares (Ord.) (22/08/18) 1201m Rodiv NSW P/L Pension Fund 5.2% Share Price (22/08/18) 1.1c Directors & Management 1.3% Market Cap (22/08/18) $13.2m Total in top 20 29.0% Cash (at 30/06/18) $2.2m Board Tim Kennedy Chairman Lynda
Slide 6: Highlights 2018 - Uganda
HIGHLIGHTS 2018 - Uganda Landmark Farm-in and JV Agreement with Rio Tinto validates Sipa’s exploration strategy Deal Terms • Staged Option to earn up to 75% by spending up to US$57M (A$73M) • Additional Cash payments of up to US$2M • Sipa to manage exploration for the initial period of 18 months • J
Slide 7: Kitgum Pader Project - Uganda
KITGUM PADER PROJECT - UGANDA Belt scale project on NE Congo craton margin • Analogous geological setting to other intrusive hosted nickel and copper sulphide deposits such as Nova (Yilgarn Craton Margin) 7
Slide 8: Exposure to Entire Nickel Province
EXPOSURE TO ENTIRE NICKEL PROVINCE • 2500 sq km land holding Waligo Katunguru • 100 km belt containing up Akelikongo to 14 mafic-ultramafic Awodi Padwat Lugwa nickel anomalous Jopudong Ayuu Anaka Gem Mede intrusions with Congo Aswa Palabek Karamoja prospective mineral Tim Odek chemistry Goma • 2 (Ak
Slide 9: Kitgum Pader Project - Uganda
KITGUM PADER PROJECT - UGANDA AKD017 • Nickel Sulphide discovery at Akelikongo 250m • Thick (>100m) continuous widths of disseminated and massive Nickel Red - Disseminated NiS >0.25% “leapfrog” shell + 0.08% Cu and Copper Yellow - Massive NiS >1% + 0.3% Cu sulphides • Extends at least 400m from surf
Slide 10: Hole AKD017 – 84.5m @ 0.37% Ni 0.16% Cu
Hole AKD017 – 84.5m @ 0.37% Ni 0.16% Cu 215.1m 216.1m 217.2 m 217.9m 218.3m 219.15 m 10
Slide 11: Strong community presence
Strong community presence • Focussed on empowering girls to stay at school through Days for Girls feminine hygiene and education • Distributed over 3000 kits to over 31 schools in 3 years 11
Slide 12: Paterson North Project WA
PATERSON NORTH PROJECT WA • Key commodities gold copper • Key position in an emerging and world class gold and copper mineralised belt (Telfer at 25Moz is world class) • Paterson North has the address and the credentials and is almost unexplored 12
Slide 13: Competitor Tenements
COMPETITOR TENEMENTS • Sipa exploring here since 2016 • Now surrounded on 3 sides by Rio and by FMG. “This is the hottest land position in the country” 13
Slide 14: Obelisk – priority target
Obelisk – priority target • Copper plus Mo- Bi-W-Ag >2km long anomaly • Peak of anomaly untested 250m along strike from PNA070 planned for this field season 14
Slide 15: Paterson North – Regional Targets
PATERSON NORTH – Regional Targets • New WA Govt gravity shows large NE Andromeda structures (yellow Aranea Jordanus arrow) which may Asselli be “transfer faults” in Obelisk addition to NW basin bounding structures Residual Gravity
Slide 16: Barbwire Terrace – New Project
BARBWIRE TERRACE – New Project • MVT type Zn-Pb • Explored in 1980s and 1990’s by CRAE, BHP, WMC and Pasminco who drilled 35km Zn corridor • No modern exploration 16
Slide 17: Plan Forward – Strong Newsflow
PLAN FORWARD – Strong Newsflow Paterson Currently awaiting results from regional targets Diamond Drilling under EIS co-funded project grant to commence September Uganda Geochemistry mapping and gravity over 14 nickel targets/intrusions underway with diamond drill testing later in 2018. Barbwire Terr