Estrella Resources Limited · ASX:ESR
Estrella Resources — RIU Explorers Conference 2021
18 slides from Estrella Resources's conference presentation, Feb 18, 2021
Slide 1: Unlocking Carr Boyd's Massive Nickel Sulphide Potential
For personal use only UNLOCKING CARR BOYD’S MASSIVE NICKEL SULPHIDE POTENTIAL RIU EXPLORERS CONFERENCE I FEBRUARY 2021 I ASX:ESR
Slide 2: Disclaimer & Declaration
Disclaimer & Declaration For personal use only This presentation has been prepared by Estrella Resources Limited (“ESR”) as a summary of the company’s exploration and development activities, with particular reference to the Carr Boyd Ni/Cu Project near Kalgoorlie, WA. No Offer of Securities The pres
Slide 3: Investment Opportunity
Investment Opportunity For personal use only WA-focussed nickel exploration company in a Tier-1 mining jurisdiction 100% owned Carr Boyd project only 80km from Kalgoorlie Initial drilling programs have discovered Massive Nickel Sulphide at the T5 prospect Major exploration activity underway
Slide 4: Capital Structure (as at February 2021)
Capital Structure (as at 11 February 2021) For personal use only FPOS - 908,061,741 Major Shareholders Options - 11,500,000 3c exercise Nov 2022 - 4,500,000 5c exercise May 2021 • Directors / Management 12% - 16,600,000 20c exercise Nov 2023 - 227,061,162 5c exercise June 2021 (ASX:ESRO) - 255,089,0
Slide 5: Carr Boyd - Overview
For personal use only Carr Boyd - Overview • 100% owned Ni/Cu Project • Continuous tenure covering 259km2 • Tenements cover 75km2 of mafic igneous complex with multiple nickel and copper sulphide occurrences – most significant being the Carr Boyd Rocks mine • Comprises: • 3 Mining Licences • 6 Explo
Slide 6: Carr Boyd - History
Carr Boyd - History For personal use only GBM and NK Placed into new ASX Pallinghurst sell Apollo sell Carr acquired by WMC, float Defiance Mining Titan JV to Yilgarn WA assets to Salt Boyd to Estrella mined from 1973- (1987) additional Mining (2006) Lake Mining Resources (2017) 1977 areas consolida
Slide 7: Carr Boyd – Mine Source?
Carr Boyd – Mine Source? For personal use only Mined from 1973 to 1977 by WMC • Total production: 202,100t at 1.43% Ni and 0.46% Cu producing a 9.7% Ni concentrate • High tenor nickel mineralisation is confined to coarse grained, bronzite pyroxene rich rocks with sulphide minerals forming a matrix a
Slide 8: Carr Boyd Intrusive Complex
Carr Boyd Intrusive Complex For personal use only • Strike extents at Carr Boyd under-explored due to historically fractured ownership and unique geology • Estrella is applying modern systematic exploration to better understand the magmatic geology • Magmatic nickel of increasing focus following a n
Slide 9: Carr Boyd – New Targets
Carr Boyd – New Targets For personal use only • Estrella’s geological understanding of the Carr Boyd Igneous Complex and surrounding stratigraphy is growing rapidly • Mapping of the prospective basal contact and footwall geology is underway • The mapped location of sulphide sources adjacent to the b
Slide 10: T5 – RC Drilling
T5 – RC Drilling For personal use only RC Drilling - 2 holes for 414m (2019) 1 • Results include: • 8m @ 1.11% Ni & 0.36% Cu from drill hole CBP042 • includes 4m @ 1.60% Ni & 0.31% Cu from matrix sulphide zone • 1m @ 0.61% Ni & 0.57% Cu from drill hole CBP043 • Mineralisation extends over 400m strik
Slide 11: T5 – Diamond Drilling
T5 – Diamond Drilling For personal use only • T5 has yielded several highly significant intersections to date2 containing nickel, copper, cobalt, platinum, palladium and silver • Step-out drilling is underway to scope the size and plunge of the T5 mineralisation From To Hole (m) (m) Interval Ni% Cu%
Slide 12: T5 Massive Nickel Discovery
T5 Massive Nickel Discovery For personal use only • Latest intersection in CBDD042A also occurs on the basal contact (See ASX Announcement 1/2/2021) • Latest round of DHTEM surveying underway 12
Slide 13: Geological Modelling Enhances T5 Opportunity
For personal use only Geological Modelling Enhances T5 Opportunity • Major drilling campaign has improved understanding of the Igneous Complex geology5 • Basal contact interpreted to have been offset by a set of flat-lying normal faults • The interpretation is that flat faulting has shifted the mine
Slide 14: Expanded Opportunity
Expanded Opportunity For personal use only • The basal pyroxenite host rock at T5 extends both north and south of the current drill position • Historical drilling of the basal contact has been sporadic however, nickel sulphides (NiS) have been located in the past • Exploration will involve systemati
Slide 15: Seismic Program To Assist Drill Targeting
Seismic Program To Assist Drill Targeting For personal use only • ~20km of seismic surveying to be conducted over the prospective Carr Boyd Intrusive Complex basal contact • The R&D program, planned to begin on 21st Feb, will assist in further electromagnetic and drill targeting • The program will g
Slide 16: Work Programme
Work Programme For personal use only • Camp and site offices have been established to accelerate exploration activity • Holes CBDD0043 & CBDD0044 have been collared • DHTEM crew finished downhole EM surveys on: • CBDD0039, CBDD0041 & CBDD0042A • Final results pending • Mapping of the Carr Boyd Igneo
Slide 17: Investment Opportunity
For personal use only Investment Opportunity Active nickel explorer in a tier-1 mining jurisdiction Target 5 massive nickel sulphide discovery – a game- changer! Focused on geology and drilling to unlock Carr Boyd’s potential and build shareholder value Experienced board and management in ex
Slide 18: Contact
For personal use only Contact: Chris Daws Managing Director M: +61 8 9481 0389 E: info@estrellaresources.com.au