Alvo Minerals Limited · ASX:ALV
Alvo Minerals — Investor Presentation (October 2021)
26 slides from Alvo Minerals's investor presentation, October 2021
Slide 1: Palma Cu VMS Project
Palma Cu VMS Project October 2021
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: Palma Project: Investment Summary
Palma Project: Investment Summary • Palma is a Copper/Zinc rich VMS project in Central Brazil • JORC 2012 Inferred Mineral Resource Estimate of 4.6Mt @ 1.0% Cu, 3.9% Zn, 0.4% Pb & 20g/t Ag • Near surface, exploration idle for >30 years • First time >500km2 of contiguous package held by the same enti
Slide 4: Palma: Advanced Discoveries
Palma: Advanced Discoveries • Palma is a Copper/Zinc rich VMS project in Central Brazil • JORC 2012 Inferred Mineral Resource Estimate • High-Grade, shallow, polymetallic prospects - 5 drilled to date in district. Discovered in ’70’s, project has been largely idle for ~30 years • 2.8Mt @ 1.1% Cu, 4.
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 C3 • Alvo won first ever Federal Government Auction in Feb 2020 (~60km2) and has since C2 added to extensive exploration tenure (~452km2) C5 C1 • Project a
Slide 6: 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 7: Infrastructure & Location
Infrastructure & Location Sealed roads to project, 4 hours from Brazil’s capital city, Brasilia Four Hydroelectric dams within 100km of the project with High Voltage Power lines crossing the project Town of Palmeiropolis (10,000 people) within 5km N-S railway within 30km, planned E-W rail 50km Multi
Slide 8: 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 9: C3 Prospect
C3 Prospect • C3 has the highest copper grades. Mineralisation is open at depth and along strike • C3 JORC 2012 Inferred Resource of 2.8Mt @ 1.1% Cu, 4.3% Zn, 0.2% Pb & 23g/t Ag • Drill lines are ~100m apart, geological re-interpretation confirms plunge component is upside to resources • Re-logging
Slide 10: C3 Drill Sections
C3 Drill Sections • Mineralised zone is a continuous zone, extending ~450m NE-SW. Zinc mineralisation is mainly restricted to a high-grade, shallowly plunging zone. • Mineralisation is concentrated on contact between mafic metavolcanic and felsic metavolcanic • Drill hole logging and section mapping
Slide 11: C1 Prospect
C1 Prospect • C1 is mineralised over 1.2km of strike and open at depth and along strike. Mineralisation has been re-interpreted to include geological controls- 3 distinct zones have been defined- a high grade Zn zone, the Cu zone and a pyrite zone which appears to have elevated gold. • C1 JORC 2012
Slide 12: C1 Drill Sections
C1 Drill Sections • Mineralised zone is divided into a narrow and shallow northern zone and a folded and thicker southern zone • Zones extend ~1,200m NNE • Zinc mineralisation is mainly restricted to a high-grade, shallowly plunging zone. • Mineralisation is concentrated on a folded contact between
Slide 13: Palma Exploration Targets
Palma Exploration Targets VTEM ch20 survey image with known deposits VNIR/SWIR anomaly mapping from Aster imagery • Alvo has >500km2 of contiguous and highly prospective ground in a known VMS district- the first time this package has been held by the same entity • Alvo has compiled an extensive geoc
Slide 14: Exploration targets – C1 Extension (JS_43)
Exploration targets – C1 Extension (JS_43) C3 West • Late time Ch20 VTEM elongate conductor. ~400m long, estimated to be ~100m below surface T2 • Conductor is directly along strike from C1 deposit. C1 has a strong conductor co- C1 extension incident to mineralisation. • Medium grade Zn and Cu in soi
Slide 15: Exploration targets – C3 West
Exploration targets – C3 West C3 West • Late time Ch20 VTEM elongate conductor. ~450m long. • Conductor is west of C3 T2 deposit. C3 does not have a conductor co- incident to C1 extension mineralisation. • Medium grade Zn and Cu in soils T1 T3 15
Slide 16: Exploration targets – T1
Exploration targets – T1 C3 West • High grade Zn and Cu in soils- soil grid needs additional sampling • Late time Ch20 VTEM T2 bullseye conductor. ~300m wide C1 extension • Favourable geological setting- contact zone between mafic and T1 felsic metavolcanics. • Contact zone is on the same NE-SW orie
Slide 17: 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 belt 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 wit
Slide 18: Alvo Minerals Corporate Snapshot
Alvo Minerals Corporate Snapshot • Alvo’s board has significant minerals exploration and mining experience in Brazil and around the world • Alvo has access to an experienced team in Brazil to manage exploration activities Graeme Slattery Rob Smakman Beau Nicholls Non-Exec Chairman Managing Director
Slide 19: Alvo Minerals Capital Structure
Alvo Minerals Capital Structure IPO Structure Summary Proposed Use of Funds Key Information IPO (Max) Maximum Proposed Use of Funds Share price 0.25 Subscription ($M) Shares to be issued 40,000,000 Funds raised 10,000,000 Geophysics & Geochemical Surveys 1.8 Total shares on issue 72,830,314 Market c
Slide 20: Indicative Exploration Timeline
Indicative Exploration Timeline Q3-CY2021 Q4-CY2021 Q1-CY2022 Q2-CY2022 July Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Exploration/ Operational Geochemistry, geophysics & field work Target Generation/ Definition AC/ DD/ RC Drilling: EM Targets DD/ RC Drilling: Resource expansion & Infill MRE updat
Slide 21: Thank you
VMS Brazil Thank you Rob Smakman +61 491 260 374 rob@alvominerals.com
Slide 22: Appendix
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Slide 23: 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 24: 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 extracted for
Slide 25: Palma setting and potential
Palma setting and potential Volcanogenic Massive Sulphide (VMS) deposits occur worldwide and are a major source of Cu and Zn • Only outcropping mineralisation drilled to date . • VMS style appears to be Bimodal-Mafic . . • Palma district has potential to host > 20Mt . • Similar age and mineralisatio
Slide 26: Palma Polymetallic – Key Metals
Palma Polymetallic – Key Metals 1 Year Copper Spot (US$/lb) 5.50 5.00 • Cu and Zn are the 3rd and 4th most • Palma style VMS mineralisation 4.50 4.00 used metals globally = Massive typically contains significant gold 3.50 3.00 markets 2.50 • Only 5% of the drilled samples 2.00 1.50 • Cu at 5-year hi