Auravelle Metals Limited · ASX:AUV
Auravelle Metals — Sipa Resources — Investor Presentation (July 2016)
25 slides from Auravelle Metals's investor presentation, July 2016
Slide 1: Drilling two world-class mineral provinces in the second half of 2016
ASX Code SRI Drilling two world-class mineral provinces in the second half of 2016 • Paterson Province, WA – major copper-gold target (drilling August) • Akelikongo, Uganda – emerging nickel-copper discovery (drilling Sept/Oct) Investor Presentation – July 2016
Slide 2: Investment Highlights
Investment Highlights › Focused on world-class mineral provinces with Tier-1 potential › Highly prospective copper-gold project recently secured in North Paterson Province, Australia › Drilling commencing in August 2016 at Obelisk Copper-Gold anomaly › Targets located near significant IP anomalies a
Slide 3: Corporate Overview
Corporate Overview Sipa Resources is an active Australian-based gold, base metals and nickel exploration company with a proven track record – highly leveraged to discovery success. Capital Structure Top Shareholders ASX Code SRI Terry & Suzanne Kahler 5.5% Shares (Ord.) (27/07/16) 719m Rodiv NSW P/L
Slide 4: Paterson North
Paterson North › Well endowed Gold-Copper belt with existing world-class mines including Telfer and emerging discoveries including Calibre, Magnum (1), Corker › New key datasets – GA EM and magnetics, gravity and aircore drilling › Target is large >4.3km long primary Obelisk Copper Gold anomaly › Fi
Slide 5: Geology and Deposits
Geology and Deposits › Paterson province is in North West Western Australia › Highly prospective and considered as a Tier 1 mineral province with large and significant deposits. i.e Telfer (Au,Cu), Kintyre (U), Nifty (Cu), Magnum, Calibre (Cu,Au) 5
Slide 6: Magnetics and Deposits
Magnetics and Deposits › Magnetics show a NNW trending belt known as the Anketell shelf extending from Telfer over 100km to the north before deeper cover obscures the province north into the Canning Basin › North of Calibre and Magnum deposits the area is almost completely unexplored Magnetics TMI 1
Slide 7: Granites and Prospectivity
Granites and Prospectivity Sipa/Ming Rio/Antipa Magnetics TMI 1VD › Telfer and other deposits spatially related to non-magnetic granites Newcrest/Telfer Region 7
Slide 8: Granites and Prospectivity
Granites and Prospectivity › Obelisk anomaly is on southern margin of granite intrusion › Gravity high is large copper gold mineralised gabbro See inset › Other gravity lows to east and west are similar granite intrusions with prospective Magnetics TMI 1VD with margins pseudocoloured Residual Gravit
Slide 9: Obelisk Copper-Gold
Obelisk Copper-Gold › Zone >4km of strike of (Cu,Au,Bi) in fresh gabbro in base of hole samples › Drilling in August will commence where primary chalcopyrite has been observed around holes Residual Gravity 7, 8 and 9 9
Slide 10: Petrology – Primary Copper
Petrology – Primary Copper › Chalcopyrite and pyrite intergrown › Chalcopyrite and pyrite. Evidence with retrograde metasomatic of peak metamorphic magnetite chlorite along shear zone. and also magnetite destruction. 300 micron field of view 6mm field of view 10
Slide 11: Maiden Drilling Program
Maiden Drilling Program › Aircore drill program to commence early August 2016 › Successful Exploration Incentive Scheme WA government co-funded drilling grant for up to $150,000 › Subject to results, follow-up drilling will be undertaken this year Photo courtesy Ming Gold 11
Slide 12: Akelikongo Nickel Discovery
Akelikongo Nickel Discovery Located in the highly prospective north-east margin of the Congo super-craton. 12
Slide 13: Chinese Infrastructure
Chinese Infrastructure Extensive new road network Rail network in construction Sipa project location New hydro on the Nile River http://www.bbc.com/news/world-africa-27368877 13
Slide 14: Akelikongo Nickel – Copper
Akelikongo Nickel – Copper › Virgin nickel-copper-cobalt sulphide discovery in 2015 in a brand new mineral district › Akelikongo and Akelikongo West are outcropping intrusive chonoliths or pipes › Best disseminated intercept: 119m @ 0.4% Ni and 0.12%Cu › Best massive intercept 10m @ 1% Ni 0.22% Cu 0
Slide 15: Discovery Timeline
Discovery Timeline AKD002, 124m, 1.8% Ni pXRF soil Diamond hole Drilling shows anomaly peak RAB drilling AKD002 confirms intersects mineralised 3200ppm Ni, disseminated Ni chonolith over 879ppm Cu + magmatic Ni sulphide zone of and Cu 500m long and Pd, Pt (LAB) 33m @0.36% Ni 300m wide sulphides and
Slide 16: Akelikongo Drill Plan
Akelikongo Drill Plan › Successfully targeted basal position where high grade massive sulphides form › Yellow line marks this position with plunge direction show by yellow arrow › Further drilling now targeted along this shallow plunge Residual Gravity 16
Slide 17: Akelikongo – Sections
Akelikongo – Sections › The location of massive nickel sulphides is likely to be along the gravitational base of the pipe particularly where it changes plunge along strike. › Disseminated zone dark purple 0.3-0.5% Ni plus 0.1-0.2% Cu plus Co Basal semi-massive zone 1-10m wide >1% Ni or >1% Cu. Plan
Slide 18: Akelikongo – Sections
Akelikongo – Sections › The location of massive nickel sulphides is likely to be along the gravitational base of the pipe particularly where it changes plunge along strike. › Disseminated zone dark purple 0.3-0.5% Ni plus 0.1-0.2% Cu plus Co Basal semi-massive zone 1-10m wide >1% Ni or >1% Cu. 18
Slide 19: Chonoliths are Important
Chonoliths are Important Nova, Fraser Range WA Sakatti, Finland Voiseys Bay, Canada, Sirius(IGO) 2012 Anglo American 2009 Diamond Fields Vale 1993 Limoeiro, Brazil, Kabanga, Tanzania, Votorantim 2009 Glencore 1976, BHP,AA, Xstrata, Barrick 1999 Many are important Nickel, Copper, PGE Deposits. High v
Slide 20: Nova and Akelikongo
Nova and Akelikongo 300m › Nova and Akelikongo systems shown at same scale › Red lines show high grade mineralisation projected onto a flat plane › Green numbers show Ni% grade times the intercept north thickness per metre. › Huge scope for discovery of economic massive sulphide within system. Size
Slide 21: Plan Forward
Plan Forward › Paterson North, Drill › Drill down plunge at Akelikongo to Obelisk Cu (Au, Bi) anomaly target more massive sulphides. August Position untested north of AKC001 21
Slide 22: Commodity Price Overview
Commodity Price Overview Sipa Resources has strong exposure to Nickel, Copper, Lead and Zinc, all prices have appreciated strongly in the last 6 months. 22
Slide 23: Summary
Summary Drilling two world-class mineral provinces in Q3 2016 with potential to deliver company-changing discoveries › Drilling imminent at Paterson North copper-gold project › Highly prospective, active exploration district › Significant investor attention as a result of recent Antipa/Rio JV › Firs
Slide 24: Disclaimer
Disclaimer This presentation has been prepared by Sipa Resources Limited (Sipa). Summary of information: This presentation contains general and background information about Sipa’s activities current as at the date of the presentation and should not be considered to be comprehensive or to comprise al
Slide 25: Contact
ASX Code SRI Contact Sipa Resources Limited T +61 (0)8 9388 1551 12-20 Railway Rd E info@sipa.com.au Subiaco, 6008 www.sipa.com.au Follow us on