Estrella Resources Limited · ASX:ESR
Estrella Resources — Investor Presentation (June 2021)
18 slides from Estrella Resources's investor presentation, Jun 1, 2021
Slide 1: Unlocking Carr Boyd's Massive Nickel Sulphide Potential
For personal use only l UNLOCKING CARR BOYD’S MASSIVE NICKEL SULPHIDE POTENTIAL INVESTOR PRESENTATION I JUNE 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 May 2021)
Capital Structure (as at 31 May 2021) For personal use only FPOS - 918,759,493 Major Shareholders Options - 11,500,000 3c exercise Nov 2022 • Directors / Management 12% - 16,600,000 20c exercise Nov 2023 - 225,812,246 5c exercise June 2021 (ASX:ESRO) - 254,363,575 2c exercise July 2023 (ASX:ESROA) C
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 and ultramafic igneous complex with multiple nickel and copper sulphide occurrences – most significant being the Carr Boyd Rocks mine • Comprises: • 3 Mining Lic
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 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 8: 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 9: 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 in the Company’s Phase 2 step-out drilling Hole m From m To Interval Ni% Cu% Co% 2PGE ** Ag g/t CBDD028 165.2 167 1.8 0.73
Slide 10: T5 Discovery – Phase 3
T5 Discovery – Phase 3 For personal use only • Phase 3 drilling, now underway, has yielded further massive sulphide intercepts with assays from the laboratory pending for intersections in CBDD048, CBDD049A, CBDD053,CBDD053A, CBDD053B and CBDD054. *Photograpgh from ASX release dated 1 February 2021 1
Slide 11: T5 Discovery – Phase 3 & 4
T5 Discovery – Phase 3 & 4 For personal use only Phase 3 drilling aims to determine plunge direction, geological vectors and confirm basal mineralisation. Phase 3 combines close spaced drilling and step-out drilling with DHEM to achieve goals. Phase 4 will step North (for 3km) and South (1.5km) and
Slide 12: 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 13: Geological Modelling Enhances Exploration
Geological Modelling Enhances Exploration • Geological understanding of the mineralisation process at T5 should allow the vectoring to For personal use only additional Ni-Cu intercepts by following the progression of assimilated sulphides through the T5 pyroxenite • The silica-sulphide plume that ex
Slide 14: 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 15: Carr Boyd Intrusive Complex
Carr Boyd Intrusive Complex 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 t
Slide 16: Seismic Program To Assist Drill Targeting
Seismic Program To Assist Drill Targeting For personal use only • ~20km of seismic surveying was conducted over the prospective Carr Boyd Intrusive Complex basal contact • The R&D program of data acquisition was completed and final interpreted results are due within weeks • The program will give ESR
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
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