Auris Minerals Ltd. · ASX:AUR
Auris Minerals — Investor Presentation (March 2020)
18 slides from Auris Minerals's investor presentation, Mar 17, 2020
Slide 1: Bryah Basin's Next Discovery – Corporate Update March 2020
For personal use only BRYAH BASIN’S NEXT DISCOVERY CORPORATE UPDATE – MARCH 2020
Slide 2: Company Overview
COMPANY OVERVIEW “… the Bryah Basin is the most prospective, high grade copper belt in Australia…” For personal use only - Sandfire Resources Ltd (ASX: SFR) Annual Report 2018 Auris Minerals holds some of the most prospective ground for both volcanic-hosted massive sulphide (VHMS) and gold in the
Slide 3: Prominent Position in a Top Mining Jurisdiction
PROMINENT POSITION IN A TOP MINING JURISDICTION For personal use only Sandfire Resources: DeGrussa Cu-Au Discovered 2009 Resource 2011 – 14.3Mt @ 4.6% Cu and 1.6g/t Au for 652kt Cu and 742koz Au1 Mine Life to Mid 2022 Sandfire Resources: Monty Cu-Au Ore Reserve (Mar 2017): 80kt Cu & 42koz Au
Slide 4: Foundations Set for Future Growth
FOUNDATIONS SET FOR FUTURE GROWTH For personal use only Geophysical interpretations of geology: WEST BRYAH BASIN (1:100k), and FORREST & CASHMAN areas of interest (1:25k) Geochemical soil Aircore drilling: MLEM follow- Historic Exploration Auris Earns 70% Geochemistry Ground gravity Geochemical soil
Slide 5: Forrest Project
FORREST PROJECT Narracoota volcanic rocks under Ravelstone For personal use only sedimentary rocks Project Overview Starlight (max. 5m drill holes) Forrest Project1 covers 227 km2 in the northwest of the Bryah Fortnum Au Basin Equivalent stratigraphic position to Horseshoe Lights Cu-Au mineralis
Slide 6: Forrest Prospect
FORREST PROSPECT Significant Copper Intersects For personal use only Discovered in 2014 through re-assaying of gold focused drilling S N New AC RC and Diamond drilling significant intercepts include; FGDD001: 9.65m @ 5.00% Cu and 1.91g/t Au from 142.4m* FGDD003: 9.55m @ 2.25% Cu and 0.66g/t
Slide 7: Wodger Prospect
WODGER PROSPECT For personal use only Significant Copper Mineralisation Discovered in 2014 through re-assay of historic drill spoils New AC Hydrothermal signature associated with the copper mineralisation which could be related to VMS or gold mineralisation Air Core drilling in 2015/16, RC/Dia
Slide 8: Forrest Project – Regional Prospective Trend
FORREST PROJECT For personal use only Regional Prospective Trend (Big Billy - Wodger - Forrest ) Under-explored prospective Strike of Prospective trend outside of Forrest and Wodger stratigraphy – Narracoota prospects extends for 10km underlying Ravelstone Air Core drilling completed between Wod
Slide 9: Horseshoe Well and Milgun Project
HORSESHOE WELL AND MILGUN PROJECT Prospectivity For personal use only Horseshoe Well2 and Milgun3 Projects are regionally under explored Milgun E52/3248 geology similar to Fortnum Wedge which MILGUN has total production and resources of 2.1Moz* Recent rock chip and soil sampling within E52/324
Slide 10: Feather Cap Project
FEATHER CAP PROJECT Prospectivity For personal use only Feather Cap Project prospective for both orogenic gold and Horseshoe Lights style Cu-Au VHMS mineralisation - same stratigraphic location as the Horseshoe Lights Cu-Au and Harmony Gold deposits Feather Cap Prospect identified as gold target
Slide 11: Sandfire Resources Ltd JV – Morck Well / Doolgunna
SANDFIRE RESOURCES LTD JV – MORCK WELL / DOOLGUNNA Sandfire paid $1.5m for Farm-in Right to Morck Well4 and Doolgunna For personal use only Projects in February 2018 Sandfire to sole fund exploration until a Feasibility Study is completed on a discovery of >50,000t copper – Sandfire to then earn
Slide 12: Sandfire Resources Ltd JV – Cashman
SANDFIRE RESOURCES LTD JV – CASHMAN For personal use only SFR issued 30,000 SFR shares to Auris for Farm-in Right to Cashman tenements E51/1053 and E51/1120 in September 2019 Minimum expenditure requirement of $1.2M met within 4 months of JV commencement SFR to sole fund exploration until a Fe
Slide 13: Sandfire Resources Ltd JV – Cheroona
SANDFIRE RESOURCES LTD JV – CHEROONA SFR acquired Farm-in Right to Cheroona JV tenements E51/1391, E51/1837 For personal use only and E51/1838 in February 2020 Minimum expenditure requirement of $1.2M within 12 months of JV commencement Auris interest in Cheroona tenements currently 70% due to
Slide 14: Project Summary
PROJECT SUMMARY High grade copper intersections at the Forrest-Wodger Prospects reinforce the prospectivity for For personal use only VHMS and gold along strike from WestGold’s Fortnum Gold and Starlight VHMS intersection Continued aggressive exploration at Cashman, Cheroona and Morck Well by Sa
Slide 15: Near-Term Value Drivers
NEAR-TERM VALUE DRIVERS Improved geological interpretations is driving the exploration of previously under-explored yet highly For personal use only prospective areas of the Bryah Basin Systematic gold and base metal target generation ongoing – geophysics & geochemical programmes yielding positi
Slide 16: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only Board and Management Capital Structure Share Price1 1.1c Neville Bassett Non-Exec Chairman Shares on issue 408m Rob Martin Non-Exec Director Market Capitalisation ~$4.5m Brian Thomas Non-Exec Director Cash on hand2 $1.0m Craig Hall Non-Exec Director 1As at 16
Slide 17: For personal use only
Mike Hendriks Level 3, Richardson Street, West Perth WA 6005 For personal use only PO Box 298, West Perth WA 6872 P +61 8 6109 4333 E general@aurisminerals.com.au W www.aurisminerals.com.au https://au.linkedin.com/company/auris-minerals-limited @AurisMinerals 17
Slide 18: Competent Person's Statement & Disclaimer
COMPETENT PERSON’S STATEMENT & DISCLAIMER Information in this announcement that relates to exploration results is based on and fairly represents information and supporting documentation prepared and compiled by Matthew Svensson who is a For personal use only Member of the Australian Institute of Geo