Stavely Minerals Ltd · ASX:SVY
Stavely Minerals — RIU Explorers Conference 2021
38 slides from Stavely Minerals's conference presentation, Feb 18, 2021
Slide 1: Finding the copper the world needs for a low-carbon future
For personal use only Finding the copper the world needs for a low-carbon future The Stavely Copper-Gold Project Dawn of a new world-class copper-gold province in Western Victoria RIU Explorers Conference - February 2021 1
Slide 2: Disclaimer
Disclaimer This presentation contains only an overview of Stavely Minerals Limited (“Stavely" or the “Company”) and its activities For personal use only ● and operations. The contents of this presentation, including matters relating to the geology and exploration potential of the Company’s projects,
Slide 3: A Modern Australian Copper-Gold Growth Company
A Modern Australian Copper-Gold Growth Company ● First-mover position – largest and most strategic tenement holding in the Stavely Volcanic Belt, western Victoria For personal use only ● A committed explorer – focused on making transformational mineral discoveries since $6m IPO in 2014 ● Discovery–
Slide 4: Corporate Summary
Corporate Summary CAPITAL STRUCTURE Share Price – 16 February 2021 For personal use only ASX Ticker SVY $1.00 7,000,000 Share Price (16/02/21) $0.685 $0.90 6,000,000 Close Volume $0.80 Shares on Issue 261M 5,000,000 $0.70 Cash (31/12/20) $26.5M $0.60 4,000,000 $0.50 Market Capitalisation $179M 3,000
Slide 5: Copper…the Ultimate "Future-Facing" Commodity
Copper…the Ultimate “Future-Facing” Commodity For personal use only In order to migrate to a low-carbon economy and provide alternative energy solutions, certain strategic minerals are required to build the wind 3.6 tonnes of copper for every MW of wind farms, solar farms, electric vehicles 4 x more
Slide 6: Copper…Compelling Market Fundamentals
Copper…Compelling Market Fundamentals For personal use only There are very few high-quality projects coming on stream in first world jurisdictions Escondida, the world’s largest copper mine: • 1.72% Cu average head grade in 2007 • 0.52% Ore Reserve grade in 2019 CRU estimates a 15 million tonne copp
Slide 7: First-Mover Position in Victoria's Stavely Arc
First-Mover Position in Victoria’s Stavely Arc Two cornerstone assets – 100%-owned Stavely and For personal use only ● Ararat Projects ● 1,461km2 ground position in Australia’s new exploration hot-spot of western Victoria (Kirkland Lake – Fosterville) ● Majority of exploration since 2014 focused on
Slide 8: Stavely Copper-Gold Project – Thursday's Gossan
Stavely Copper-Gold Project – Thursday’s Gossan Thursday’s Gossan includes an extensive chalcocite- For personal use only ● enriched blanket occurring 30m to 80m below surface ● Inferred Mineral Resource of 28Mt at 0.4% copper1 for 110kt of contained copper ● Developed as the surface expression of h
Slide 9: Thursday's Gossan – The Story So Far
Thursday’s Gossan – The Story So Far 49 diamond drill-holes completed to depths of up For personal use only ● to 1.8km targeting the elusive “core” of the porphyry system ● Strong indications of proximity to a buried porphyry with significant encouragement from assays, petrology and geochemistry ● S
Slide 10: Discovery Breakthrough – Hole SMD050
Discovery Breakthrough – Hole SMD050 SMD050 For personal use only ● 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, SMD05
Slide 11: Shallow, High-Grade Mineralisation
Cayley Lode Discovery – Shallow, High-Grade Mineralisation Magma / Butte copper lode-style system – For personal use only ● outstanding exploration target never before seen in Australia ● Mineralisation so far defined over ~1.5 km strike length to ~300m depth, averaging 10-50m thickness ● Resource d
Slide 12: Shallow, High-Grade Mineralisation
Cayley Lode Discovery – Shallow, High-Grade Mineralisation SMD073 – 5m at 2.35% Zinc, 0.4% Lead, 0.25% For personal use only ● Copper, 1.67g/t Gold and 27g/t Silver – typical peripheral Magma-style intercept 1,500m ● SMD085 – 23m at 1.07% Copper, 0.11g/t Gold ● 1,500m of mineralisation strike extent
Slide 13: Mineral Resource Drill-out
Cayley Lode Discovery – Mineral Resource Drill-out Why are we taking the time to drill the shallow Mineral Resource at a ‘tight’ 40m x 40m spacing? For personal use only ● The intention is to have a large proportion of the initial resource in the Indicated Resources category ● If we achieve the aim
Slide 14: Resource Drilling Long Section
Cayley Lode Discovery – Resource Drilling Long Section For personal use only Current Drilling SMD085 SMD073 14
Slide 15: Resource Drilling Long Section
Cayley Lode Discovery – Resource Drilling Long Section For personal use only Current Drilling SMD085 SMD073 Sampling / Awaiting Assays: SMD118-120 SMD122-SMD135 15
Slide 16: Resource Drilling Long Section
Cayley Lode Discovery – Resource Drilling Long Section For personal use only Current Drilling SMD085 SMD073 Drilling In-Progress: SMD136-140 16
Slide 17: Resource Drilling Long Section
Cayley Lode Discovery – Resource Drilling Long Section For personal use only Railway Negotiating Access Current Drilling SMD085 SMD073 17
Slide 18: Resource Drilling Long Section
Cayley Lode Discovery – Resource Drilling Long Section For personal use only 900m Railway ?? Current Drilling SMD085 SMD073 18
Slide 19: Resource Drilling Long Section
Cayley Lode Discovery – Resource Drilling Long Section For personal use only 900m Railway 200-300m? ?? Current Drilling SMD085 SMD073 19
Slide 20: The Stavely Project – Integrating Structural Geology for Improved Mineral Systems Analysis
For personal use only The Stavely Project – Integrating Structural Geology for Improved Mineral Systems Analysis B ● Dr Robert Holm Y: Senior Consultant, Geology RIU Explorers Conference ● 17 February 2021
Slide 21: Shallow, High-Grade Mineralisation
Cayley Lode Discovery – Shallow, High-Grade Mineralisation As presented by Dr Robert Holm of CSA yesterday: For personal use only ● The Cayley Lode is a Cambrian-aged lode-style copper-gold-silver deposit ● The region has a complex structural history - there 1,500m has been plenty of opportunity for
Slide 22: Vertically Extensive – With Multiple Discovery Opportunities
Vertically Extensive – With Multiple Discovery Opportunities For personal use only SMD050: 32m at 5.88% copper, 1.00g/t gold and 58g/t silver, from 62m drill depth on the UCF SMD059: 18m at 1.00% copper, 0.1g/t gold and 3g/t silver, from 235m drill depth on the UCF underneath the LAS SMD032: 6m at 6
Slide 23: The Shelf
Cayley Lode Discovery – The Shelf But there are more subtle structures affecting the For personal use only occurrence of mineralisation (or lack of): ● Aside from late low-angle structures that offset mineralisation, there are also pre-mineralisation structures ● Normally, as a drill hole progresses
Slide 24: The LAS Offset
Cayley Lode Discovery – The LAS Offset But there are more subtle structures affecting the occurrence of mineralisation (or lack of). For personal use only This section was recently announced with results from SMD109: 11.5m at 2.74% Cu, 0.35g/t Au and 4.5g/t Ag ● from 283.5m, including ● 2.1m at 7.25
Slide 25: Resource Drilling Long Section
Cayley Lode Discovery – Resource Drilling Long Section For personal use only The Shelf Current Drilling SMD085 SMD073 25
Slide 26: Structural Summary
Cayley Lode Discovery – Structural Summary ● The copper-gold-silver mineralisation at Thursday’s Gossan is structurally-controlled lode-style similar to Magma, Arizona For personal use only ● Stavely Minerals has taken a large number of structural measurements and invested a lot of effort understand
Slide 27: Tip of the Iceberg?
Cayley Lode – Tip of the Iceberg? AEM Channel 9 Three major structurally controlled mineralised For personal use only ● structures identified to date: 1. Ultramafic Contact Fault (UCF) – Cayley Lode 2. Copper Lode Splay (CLS) 3. North-South Structure (NSS) ● Significant intercepts achieved on the CL
Slide 28: Recent Cross Sections
Cayley Lode Discovery – Recent Cross Sections For personal use only SMD087 o 87m @ 1.74% Cu, 0.57g/t Au and 20g/t Ag, incl. SMD088 o 30m @ 1.98% Cu, 0.23g/t Au and 9.1g/t Ag, incl. SMD089 o 11.8m @ 1.54% Cu, 0.42g/t Au and 14g/t Ag • 24m @ 4.19% Cu, 1.27g/t Au and 53g/t Ag, and • 10.8m @ 3.20% Cu, 0
Slide 29: Recent Intercepts
Cayley Lode Discovery – Recent Intercepts SMD104 For personal use only ● 144m at 1.04% copper, 0.15g/t gold and 3.4g/t silver, from 35m drill depth, including: ● 84m at 1.55% copper, 0.23g/t gold and 5g/t silver from 95m, including: ● 28m at 3.31% copper, 0.49g/t gold and 7.1g/t silver See ASX annou
Slide 30: Recent Intercepts
Cayley Lode Discovery – Recent Intercepts SMD106 For personal use only ● 48m at 1.39% copper, 6.33g/t gold and 12g/t silver, from 85m drill depth, including: ● 16.7m at 3.13% copper, 17.93g/t gold and 29g/t silver from 115m, including: ● 2m at 0.74% copper, 132g/t gold and 38g/t silver from 116m, an
Slide 31: Latest Cross Section
Cayley Lode Discovery – Latest Cross Section SMD121 For personal use only ● 73m at 0.64% Cu, 0.70g/t Au and 6.8g/t Ag from 104m down-hole, including: ● 1.6m at 1.72% Cu, 20.47g/t Au and 30g/t Ag from 110.4m; and ● 27m at 1.04% Cu, 0.46g/t Au and 11g/t Ag from 150m, including: ● 7m at 2.56% Cu, 1.00g
Slide 32: Vertically Extensive – With Multiple Discovery Opportunities
Vertically Extensive – With Multiple Discovery Opportunities For personal use only SMD050: 32m at 5.88% copper, 1.00g/t gold and 58g/t silver, from 62m drill depth on the UCF SMD059: 18m at 1.00% copper, 0.1g/t gold and 3g/t silver, from 235m drill depth on the UCF underneath the LAS SMD032: 6m at 6
Slide 33: Current Programs – Systematic Exploration Approach
Current Programs – Systematic Exploration Approach Complete shallow Resource drill-out on Ultramafic For personal use only 1. Contact Fault (Cayley Lode) 2. Continue to define mineralisation on the Ultramafic Contact Fault below the Low Angle Structure 3. Bring mineralisation in the Copper Lode Spla
Slide 34: Current Programs – How do we see this as a possible development?
Current Programs – How do we see this as a possible development? 1. A Phase-1 open pit based on high-grade structurally- For personal use only controlled mineralisation drives an open pit that also captures a significant proportion of the 28Mt at 0.4% copper secondary chalcocite-enriched blanket 2.
Slide 35: The Plan
The Plan ● Complete Mineral Resource drill-out of shallow (0-200m) mineralisation of the Cayley Lode – this is the For personal use only material that will be available to an open pit optimisation ● Commence Scoping Study on Phase 1 Open Pit Development ● Re-deploy drills to define the Cayley Lode a
Slide 36: Strongly Embedded in the Local Community
Strongly Embedded in the Local Community Over $38 million invested in the Project to date For personal use only ● ● Vast bulk of that investment directed to Victorian businesses, contractors and employees ● Committed to best practice in environmental management ● Committed to engage positively and p
Slide 37: Summary – Key Investment Takeaways
Summary – Key Investment Takeaways ✓ First-mover position (1,461km2) in a potential new world-class copper province For personal use only ✓ Recent discovery of structurally-controlled high-grade lode-style copper-gold-silver mineralisation similar to the Magma (Arizona) and Butte (Montana) deposits
Slide 38: Contact Us
For personal use only 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 Company confirms that it i