Strickland Metals Ltd · ASX:STK
Strickland Metals — Alloy Resources — Investor Presentation (August 2007)
39 slides from Strickland Metals's investor presentation, August 2007
Slide 1: Exploration and Mining: Copper-Gold in the Lao PDR and Gold and Nickel in WA
EXPLORATION AND MINING: COPPER-GOLD IN THE LAO PDR AND GOLD AND NICKEL IN WA INVESTOR UPDATE
Slide 2: Highlights
HIGHLIGHTS: ASX listing on 6 April 2006, codes AYR and AYRO Recent MOU on JV agreement with Nilandon Mining Group (Laos) on Nam Thong Copper-Gold Project area Nam Thong has similarities to Sepon Cu-Au deposit to the SE Gold projects in WA with current total resource base of 308,000 ozs Pre
Slide 3: Share Structure and Cash Position
SHARE STRUCTURE AND CASH POSITION Shares on issue: 69,300,000 (quoted 56,625,000) Current price: $0.15 Market Capitalisation: $10.4 million Listed options on issue: 35,000,000 Current price: $0.05 Exercise date: 6 April 2009 Top 5 shareholders: Shareholder Name Number of shares Percentage Big Bell G
Slide 4: Board and Management
BOARD AND MANAGEMENT Peter Harold - Non-Executive Chairman Managing Director Sally Malay Mining Chairman –Territory Uranium Dr. Jayson Meyers – Managing Director Assoc Prof Curtin University Ex Great Central Mines Group Peter Hepburn-Brown – Executive Director Also Kasbah Resources Ex Harmony Gold,
Slide 5: Laos Project
LAOS PROJECT -Project area highly prospective for Cu-Au mineralisation -HOA signed with Nilandon Mining Group to earn up to 80% interest -Adjacent to Pan Australian’s Phu Bia Mine (2.0 Moz Au and 1.2 Mt Cu), and along strike from Oxiana’s Sepon Mine (4.5 Moz Au and 1.8 Mt Cu) -Project area consists
Slide 6: Nam Thong Project location map
RESOURCES Filloy Nam Thong Project PUTHEP (Pan Aust.) I 1 CHATREE (Kingsgate) v \ \ \ \ \ \ N Bangkok \ ~ een \, \ 1 100°E
Slide 7: Geological Map of Lao PDR
GEOLOGICAL MAP OF LAO PDR Albirial sediments Palacogene S Alkali basalts & Cretaceous =] Continental sandstones - |_| and clays with evaporites Furassic 4 Coritirvntal sedimentary 4 Triassic | LJ sequence 2 in | | | suattow shelf sediments a] 34 ; se P amdvolc.sed E : Carbonufirous + LS }\, ; A Shal
Slide 8: Copper Occurrences and Gold Occurrences
Copper Occurrences Gold Occurrences
Slide 9: Fillo
Fillo J RESOURCES LIMITED
Slide 10: RESOURCES Filloy
RESOURCES Filloy
Slide 11: Resources LimiTeD Y
Resources LimiTeD Y
Slide 12: Slide 12
Slide 13: Fillo
=) Fillo
Slide 14: Genetic Models for Laos Cu-Au Deposits
GENETIC MODELS FOR LAOS Cu-Au DEPOSITS
Slide 15: Laos Project
LAOS PROJECT - Geology similar to Sepon: siltstones and limestones with high level intrusions, silica and sulphide alteration, same foldbelt - Potential for copper and gold - Granted mining lease - JV partners have good relations with local and national government - Number of untested areas of outcr
Slide 16: New Frontier
New Frontier RESOURCES O
Slide 17: Project Locations
Project ve Locations ; 88 Creek Au + Other Metals Halls Broome Creek Port ee Western Australia Newman Camarvon —= Horse Well | 4» Meekatharra >» Wiluna —— Comet - Webbs Patch |» Leonora —_ == Kalgoorlie Perth A Esperance : . \ fi 250 km Alloy Project —=—— Albany RESOURCES tment we
Slide 18: Comet-Webb's Patch
COMET-WEBB’S PATCH Ö Project located near Cue Ö Near operating mills at Mt. Magnet and Sandstone Ö Evaluation completed on construction of a MMP at site
Slide 19: Comet-Webb's Patch
COMET-WEBB’S PATCH Principal strategy is to recommence mining at higher gold price Comet underground resource 165,000 ozs Nickel Exploration Pinnacles, Comet North, area Eclipse, Comet South and Venus have over 65,000 ozs in open cut potential Ultramafic horizon identified having favourable
Slide 20: Comet Drilling
COMET DRILLING Drilled approximately 6,500 metres to test fault zones hosting sulphide alteration and gold Discovered new high-grade zone 500 m to south of Comet Confirmed continuation of Comet structure at depth
Slide 21: Comet Drilling Targets Long Section
COMET DRILLING TARGETS Long section shallow TEMPEST conductors
Slide 22: Comet Deep Drilling for Depth Continuations
COMET DEEP DRILLING FOR DEPTH CONTINUATIONS
Slide 23: Comet SAM Surveying
COMET SAM SURVEYING Gold bearing structures detected and new targets generated Venus target drilled and showed low grade gold mineralisation
Slide 24: Comet Project, Mining
COMET PROJECT, MINING Pre-feasibility study completed May 2007: - Metallurgical test results, so far high gravity recovery following 75 microns grind (>50%) with a total recovery of 94% with leaching - This shows that gold with sulphide is non-refractory - Optimal flow sheet for processing plant des
Slide 25: Kurrajong Nickel Project Geology and Tenements
Kurrajong Nickel Project Geology & Tenements A ki a 3 E20/573 E20/616 E20/616
Slide 26: Rock Chips: Nickel and MgO
Rock Chips: Nickel :|| Comet-Webb’s Patch Project Geology, Tenement & Rockchip Sampling i" x Webb's Patch j New Nickel Prospect (Peridotite Horizon) ROCKCHIP SAMPLING Nickel (ppm) @ 1,500 :|| Comet-Webb’s Patch Project Geology, Tenement & Rockchip Sampling et New Nickel Prospect (Peridotite Horizon)
Slide 27: Horse Well
HORSE WELL Palomino prospect has a gold resource of 75,000 oz above 100m depth Open along strike and depth Optimised open cut potential Other advanced prospects within tenement Within trucking distance to Jundee and Wiluna mines Geophysics and drilling to increase resources and explore f
Slide 28: Horse Well
HORSE WELL Tenement covers Horse Well greenstone domain Palomino contains JORC resource of 600,000 t at 2.7 g/t Palomino is open along well-defined geological structures High gold grades in drilling at other prospects Large area of greenstone belt not effectively explored by drilling Cu-
Slide 29: Horse Well Open Cut Resources and Targets
HORSE WELL Open cut resources and targets Palomino Bronco Filly
Slide 30: Horse Well Palomino Long Section Looking East
HORSE WELL Palomino Long section looking east
Slide 31: Horse Well Leapfrog Target Study
HORSE WELL Leapfrog Target study Horse Well prospects with N-S and NE trends digitised. The intersection lines coincide with the lineations observed at each of the deposits.
Slide 32: Horse Well SAM Survey Results
HORSE WELL SAM survey Results Tenements recently cleared through Native Title Resource evaluation for Bronco and Filly Geochemical targeting and drilling in 2007
Slide 33: North Kimberley
NORTH KIMBERLEY • 88 Creek project • Entirely new gold province in Australia • Gold can be explained as an epithermal deposit forming within the continental plate • Several prospects with gold in soils • Multi-spectral targets
Slide 34: 88 Creek
88 CREEK • First pass drilling proved a bedrock source for the gold • Requires targeting and drilling below low-grade gold intersections in order to test for high-grade mineralisation 88 CREEK n e m u tD a b cro A
Slide 35: North Kimberley difficult field area
NORTH KIMBERLEY difficult field area
Slide 36: 88 Creek Epithermal Gold Model
88 CREEK Epithermal gold model High grade Kimberlite Intrusive gold target at depth Porphyry Stock Low sulphidation system
Slide 37: 88 Creek
88 CREEK Drill testing using a specialised rig that get into field area Drilling to occur when tenement extension granted and at end of cyclone season
Slide 38: Future Activities
FUTURE ACTIVITIES Progress exploration in Laos: company set up, preliminary exploration, granting of concession, drilling in mining lease area, aggressive exploration Comet and Horse Well projects: commence mining on favourable profit scenarios Targeting gold exploration at Horse Well Nickel
Slide 39: Thank You!
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Alloy Resources — Investor Presentation (August 2007) on 6ix