Stavely Minerals Ltd · ASX:SVY
Stavely Minerals — Shareholder Meeting (November 2019)
53 slides from Stavely Minerals's shareholder meeting presentation, Nov 29, 2019
Slide 1: Annual General Meeting 2019
For personal use only Annual General Meeting 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 and directors
STAVELY MINERALS For personal use only ASX Code – SVY Shares on Issue – 213.8M Share Price - $1.00 Market Cap - $214M Cash (30/09/19) - $1.66M* Management & Staff ~30% equity *Excludes $19.6m capital raising completed in October 2019 and ~$0.8m of equity issued in lieu of drilling costs yet to be re
Slide 4: Projects
For personal use only PROJECTS
Slide 5: 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, ‘Block 3’, Yarram Park and Black Range Projects are prospective for ancient porphyry copper-gold and VMS base metals-gold mineralisation
Slide 6: 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
Slide 7: Tasmania Project Locations
TASMANIA PROJECT LOCATIONS 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* The Lefroy Goldfield produced ~180,000 ounces at an average grade of 28g/t gold* *see ASX announcement 29 N
Slide 8: New Central Victoria Gold Project
NEW CENTRAL VICTORIA GOLD PROJECT For personal use only Stavely Minerals has acquired one exploration licence (EL006668) located approximately 10km east of the very high grade, +9 million ounce Fosterville Gold Mine, which is operated by Kirkland Lake Gold Limited *see ASX announcement 29 November 2
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
For personal use only PORPHYRY DISCOVERY OPPORTUNITIES: THURSDAY’S GOSSAN, JUNCTION, MOUNT STAVELY AND OTHERS
Slide 11: The Porphyry Hunt
THE PORPHYRY HUNT For personal use only When we started this journey, the focus was on discovering a deep porphyry that previous explorers had missed. That search culminated in the drilling of a 1,800m drill hole targeting the porphyry at depth. It was a total ‘duster’ – no mineralisation of interes
Slide 12: 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 Rec
Slide 13: Porphyry: 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 Shock!! silver and gold often not assayed but known to be there ✓ Rail line crosses the Project and goes direct to a deep water port
Slide 14: Porphyry: This Time Last Year
THURSDAY’S GOSSAN PORPHYRY For personal use only This Time Last Year… Drilling had focussed on two parallel copper-gold mineralised trends at the northern end of the chalcocite blanket – eg: ❖ 7.7m at 4.1% copper and 1.1g/t gold ❖ 9.5m at 2.9% copper and 0.4g/t gold ❖ 32m at 0.8% copper and 0.4g/t g
Slide 15: The Penny Drops
For personal use only The Penny Drops
Slide 16: SMD042 and SMD044
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD042 and SMD044 ➢ 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 structur
Slide 17: SMD044
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD044 ➢ Large low-grade intercept of 952m at 0.23% copper – reflects a very large system ➢ Included 70m of chalcopyrite mineralisation – 70m at 0.51% copper including: • 10m at 2.43% copper and 0.30g/t gold ➢ Intercepted another interval of chalcopyr
Slide 18: SMD044 core photo
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD044 Early quartz-pyrite mineralisation cut by later bornite- chalcocite at 924.3m in the north-south structure (NSS) see ASX announcement 18/02/2019 and available from www.stavely.com.au
Slide 19: SMD044W1
THURSDAY’S GOSSAN PORPHYRY For personal use only SMD044W1 ➢ Large low-grade intercept of 393m at 0.32% copper – lots of metal in this big system! ➢ Intercepted another interval of chalcopyrite- bornite-chalcocite-covellite mineralisation: • 18m at 3.62% copper, 0.28g/t gold and 15g/t silver, includi
Slide 20: SMD044W1 core photos
STAVELY MINERALS For personal use only SMD044W1 393m at 0.32% copper from 859m including: • 18m at 3.62% Cu, 0.28g/t Au and 15g/t Photo 1. Pyrite vein with bornite-covellite-chalcocite(+-digenite) veining at 859.0m in Ag, including: SMD044W1. • 7m at 7.74% Cu, 0.46g/t Au and 32g/t Ag, including: • 2
Slide 21: Those grades are interesting but it's deep
STAVELY MINERALS For personal use only OK, those grades have got us interested but… it’s deep!!
Slide 22: The Copper Lode Splay (CLS)
THURSDAY’S GOSSAN For personal use only The Copper Lode Splay (CLS) Intercepted in a couple of shallower holes: ➢ STRC019D – 3m at 2.65% copper and 1.17g/t gold ➢ SMD015 - 9m of 2.62% copper and 0.28g/t gold from 248m, including • 4m of 5.41% copper and 0.35g/t gold, including ▪ 1m at 14.75% copper
Slide 23: Copper Lode-style mineralisation in SMD032
THURSDAY’S GOSSAN For personal use only Copper Lode-style (think Magma Mine veins) pyrite-chalcopyrite-bornite-covellite-chalcocite mineralisation 1m @ 22.3% copper from 542.5m in SMD032 – note the chalcocite occurs as late network veins within the more massive sulphides see ASX announcement 18/12/2
Slide 24: Lode-Style Copper-Gold-Silver Mineralisation
THURSDAY’S GOSSAN For personal use only Lode-Style Copper-Gold-Silver Mineralisation It was at this stage, in conjunction with our consultants Dr(s) Greg Corbett, Scott Halley and Paul Ashley that we realised we were dealing with a style of mineralisation not previously seen in Australia – lode-styl
Slide 25: Attributes of Magma, Arizona and Butte Montana Copper-Lode Systems
Attributes of the Magma, Arizona and Butte Montana Copper-Lode Systems For personal use only Originally classified as ‘Cordilleran Vein Deposits’, now termed ‘Cordilleran Polymetallic Vein Deposits’ are typically copper-gold-silver ± lead ± zinc deposits hosted in sub-metre to tens of metres wide ve
Slide 26: Magma Mine and the Resolution Porphyry
MAGMA MINE AND THE RESOLUTION PORPHYRY For personal use only Magma Mine and the Resolution Porphyry Can follow the Magma copper lode veins to the Resolution copper porphyry. The top of the porphyry mineralisation is 1.5km below surface – the veins in-excess of 1.5km vertical / 3km lateral extent!
Slide 27: Copper sulphide zoning
Copper sulphide species are zoned For personal use only both vertically and laterally away from the porphyry – we see the same at Thursday’s Gossan
Slide 28: Magma Vein Long Section
MAGMA VEIN LONG SECTION For personal use only Sulphides are zoned from arsenical copper sulphides typical of high-sulphidation mineralisation through intermediate sulphidation to low sulphidation. Gold has an affinity with the distribution of bornite.
Slide 29: Butte Montana Composite Plan / Section
BUTTE MONTANA COMPOSITE PLAN / SECTION For personal use only Butte Montana Veins have a lateral extent of ~5km – a huge system! Sulphides are zoned from arsenical copper sulphides typical of high-sulphidation mineralisation through intermediate sulphidation to low sulphidation. Gold has an affinity
Slide 30: Structural control to high grade mineralisation
THURSDAY’S GOSSAN For personal use only Structural control to high grade copper ± gold and silver mineralisation • Three major mineralised structures (that we know of…) - • The north-south structure (NSS) • The copper lode splay (CLS) • The ultramafic contact fault (UCF) High-grade copper-gold-silve
Slide 31: Structural control to high grade mineralisation
THURSDAY’S GOSSAN For personal use only Structural control to high grade copper-gold-silver mineralisation Three major structures (that we know of…) - • The north-south structure (NSS) • The copper lode splay (CLS) • The ultramafic contact fault (UCF)
Slide 32: SMD050 tests the UCF
THURSDAY’S GOSSAN For personal use only SMD050 tests the UCF • 32m at 5.88% copper, 1.00g/t gold and 58g/t silver, from 62m drill depth including • 12m at 14.3% copper, 2.26g/t gold and 145g/t silver from 82m, including • 2m at 40% copper, 3.00g/t gold and 517g/t silver Surprisingly, drill hole SMD0
Slide 33: Extremely high grades on the ultramafic contact
THURSDAY’S GOSSAN For personal use only Extremely high grades on the ultramafic contact • The ultramafic has been serpentinised during metamorphism • Abundant magnetite – possible reaction with fluids enhancing grade • Low pH – dissolves the serpentinite and deposits nickel and cobalt
Slide 34: SMD051 – confirmation of mineralisation on the UCF
THURSDAY’S GOSSAN For personal use only SMD051 – confirmation of mineralisation on the UCF, 160m SE of SMD050 ➢ 8m at 9.69% copper, 0.40g/t gold and 17g/t silver, from 177m drill depth, including • 2m at 17.3% copper, 0.57g/t gold and 13g/t silver and ➢ 59m at 1.80% copper, 0.43g/t gold and 15g/t si
Slide 35: SMD051 – confirmation of mineralisation on the UCF
THURSDAY’S GOSSAN For personal use only SMD051 – confirmation of mineralisation on the UCF, 160m SE of SMD050 ➢ 8m at 9.69% copper, 0.40g/t gold and 17g/t silver, from 177m drill depth, including • 2m at 17.3% copper, 0.57g/t gold and 13g/t silver and ➢ 59m at 1.80% copper, 0.43g/t gold and 15g/t si
Slide 36: SMD053 Completed
THURSDAY’S GOSSAN For personal use only SMD053 Completed ➢ 10.3m at 3.09% copper, 1.69g/t gold and 22.6g/t silver from 201m drill depth; including: o 5m at 5.81% copper, 3.20g/t gold and 43.6g/t silver from 202m drill depth Confirms ~500m of strike extent from SMD053 in SE to SNDD001 in NW on the UC
Slide 37: SMD054
THURSDAY’S GOSSAN For personal use only SMD054 ➢ 11m at 4.62% copper, 0.57g/t gold and 25g/t silver from 86m drill depth; including: o 7m at 7.10% copper, 0.72g/t gold and 39g/t silver from 90m drill depth, including: ▪ 3m at 10.87% copper, 0.67g/t gold and 52g/t silver from 92m Further confirms ~50
Slide 38: SMD058
THURSDAY’S GOSSAN For personal use only SMD058 ➢ 23m at 1.34% copper, 0.26g/t gold and 3.5g/t silver from 68m down-hole, including: o 3m at 6.33% copper, 0.27g/t gold and 2.9g/t silver from 88m down-hole see ASX announcement 27/11/2019 and available from www.stavely.com.au
Slide 39: SMD055 / SMD056
THURSDAY’S GOSSAN For personal use only SMD055 / 056 Both holes had broken the core barrel just as they were entering the high-grade mineralisation. Very frustrating!! Drill holes SMD063 and 064 in progress ± 20m sections adjacent. SMD056 did return significant mineralisation further up the hole: ➢
Slide 40: SMD059 Completed
THURSDAY’S GOSSAN For personal use only SMD059 Completed Assays pending. *Note well-developed mineralisation below the low-angle structure. see ASX announcement 27/11/2019 and available from www.stavely.com.au
Slide 41: SMD060 Completed
THURSDAY’S GOSSAN For personal use only SMD060 Completed Assays pending. Drill holes 61 and 62 have also been completed and visuals will be reported when they have been submitted for assay. (moving away from single hole announcements now the discovery is confirmed) see ASX announcement 27/11/2019 an
Slide 42: Drilling on UCF moving into dilatant flexure
For personal use only Drilling on UCF moving into dilatant flexure Shape of the chalcocite blanket – Developed on dilatant structures on the NE and E margin of a pull- apart basin
Slide 43: Thursday's Gossan Dilatant Flexure
For personal use only THURSDAY’S GOSSAN Dilatant Flexure Current drilling only just coming around the corner into the Aeromag image dilation with soil copper results as dots. Chalcocite Sliver of UM? with blanket huge copper soil resource in anomaly not drill dashed white tested outline.
Slide 44: Other Opportunities - Junction
OTHER OPPORTUNITIES - JUNCTION 1 For personal use only Aircore hole TGAC078 • 57m at 2.43% copper and 22g/t silver from 2m to EoH • 6m at 0.16g/t gold see Stavely Minerals Prospectus and available from www.stavely.com.au
Slide 45: Conclusion
For personal use only Conclusion
Slide 46: Take Away Messages
TAKE AWAY MESSAGES For personal use only 1. Stavely has demonstrated that there are multiple porphyry phases at Thursday’s Gossan 2. Hosts structurally-controlled high-grade lode-style copper-gold- silver mineralisation similar to Magma, Arizona and Butte, Montana 3. Intercepts in 3 structures from
Slide 47: Eastern Australia Gold
For personal use only EASTERN AUSTRALIA GOLD
Slide 48: Mathinna Gold
MATHINNA GOLD 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* The Lefroy Goldfield produced ~180,000 ounces of gold at an average grade of 28g/t gold* *see ASX announcement 29 Novemb
Slide 49: Mathinna Gold
MATHINNA GOLD 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 29 November 2019 and available from www.stavely.com.au
Slide 50: Mathinna Gold Project
MATHINNA GOLD PROJECT For personal use only
Slide 51: Mathinna Goldfield
MATHINNA GOLD PROJECT For personal use only Mathinna Goldfield 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 rig
Slide 52: New Central Victoria Gold Project
NEW CENTRAL VICTORIA GOLD PROJECT For personal use only Stavely Minerals has acquired one exploration licence (EL006668) located approximately 10km east of the very high grade, +9 million ounce Fosterville Gold Mine, which is operated by Kirkland Lake Gold Limited. *see ASX announcement 29 November
Slide 53: 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
Stavely Minerals — Shareholder Meeting (November 2019) on 6ix