Auravelle Metals Limited · ASX:AUV
Auravelle Metals — Sipa Resources — Corporate Update (March 2015)
20 slides from Auravelle Metals's corporate update, March 2015
Slide 1: Akelikongo and Pamwa Update, Kitgum Pader, Northern Uganda
Akelikongo and Pamwa Update Kitgum Pader Northern Uganda World Class Mineral Belt March 2015
Slide 2: Corporate (March 2015)
Corporate (March 2015) Capital Structure Share Price ASX Code SRI Shares (ordinary) 621m Options (Listed) 7.5c Nov 2015 134m Options (Unlisted) 15c 4 Apr 2015 13.2m Share Price (12/03/15) 7.3 cents Market Capitalisation A$45.3m Cash @ 31 December 2014 A$1.08m Top Shareholders Terry & Suzanne Kahler
Slide 3: Highlights
Highlights • Diamond drilling confirms massive brecciated Ni-Cu sulphides at Akelikongo bordering a large >60m wide disseminated sulphide zone • Fragments of massive sulphide in breccia in AKD002 contain between 1 and 2% Ni and up to 3.4% Cu with results from AKD004 to come. • The entire ultramafic
Slide 4: Talk Outline
Talk Outline • Background and methodology • Ni – Cu Akelikongo background and results District potential Drilling at Akelikongo Feb 2015 • Zn – Pb Pamwa Background and results • Program going forward
Slide 5: Regional Methodology
Regional Methodology • 1st pass XRF regional • Analysis of data and • Infill soils 200m by 50m. soils 1km by 100m. comparison to • Further infill if required • known geochemical Historic 1 in 8 lab check • RAB drill to bedrock associations ie Ni sulphide and Ni • Follow up shallow diamond laterite s
Slide 6: Akelikongo Background
Akelikongo Background • Single point anomaly • Analysis of data and • RAB drill to bedrock discovers >1000ppm Ni, Cu>500 context – Jon magmatic Ni and Cu sulphide • Follow up 200 by 50m Hronsky • LMR022 55m @0.52% Ni and • 1 in 8 sampling Pd,Pt • Prediction of 0.15% Cu 12ppb “Chonolith” style NiS •
Slide 7: Akelikongo - Section AKD002
Akelikongo - Section AKD002 'Y Apparent NW-SE offset ‘ovssimt OPENS. 2 with possible repeats ie to the NE § Interpreted Q y ' Utramafic/granulte — S s 3 x ‘i OPEN and possible repeat and possible re contact S ao x of gatocansation it Ss v = x s > 7 55m @ 0.52% Ni F + | Ultramafic Laman 0.15% Cu | é
Slide 8: Akelikongo - Section AKD004
Akelikongo - Section AKD004 * Assays are awaited for AKD004
Slide 9: Akelikongo Section AKD002
Akelikongo Section AKD002 123.8m-124.3m 1.8% Ni 0.13% Cu 127.3m-127.64m 3.4% Cu 0.23% Ni
Slide 10: Akelikongo Section AKD004
Akelikongo Section AKD004
Slide 11: Regional Potential Akelikongo Province
Regional Potential Akelikongo Province • Prospectivity using Akelikongo as training point shows a large area around Akelikongo approximately 25km by 25km • Follow up and infill geochemistry is confirming new targets
Slide 12: Akelikongo Province follow up geochemistry
Akelikongo Province follow up geochemisty • Infill soil geochemistry has defined a number of high priority Ni Sulphide targets for follow up Ni ppm
Slide 13: Pamwa Background
Pamwa Background • Observation of Broken • Soil sampling defined • Gradient Array IP and Hill Mine Series ‘look corridor of anomalous Pole Dipole defines alikes’ Zn, Pb, Cd, Mn, Ag strong chargeability • Led to the initial • Drilling results include and resistivity trends pegging of tenements 5m@2%
Slide 14: Pamwa Current Results
Pamwa Current Results • Drilling at Pamwa is now complete All holes intersected zones up to 5cm of massive or banded sphalerite and disseminated galena. • Occurrences of Spessartine (Mn) garnet, Plumbian (Pb ) Feldspar
Slide 15: Pamwa results and core photos
Pamwa results and core photos
Slide 16: Sipa has dominant position in New Mineral Belt with Ni Cu sulphides and Zn,Pb system
Sipa has dominant position in New Mineral Belt with Ni Cu sulphides and Zn,Pb system
Slide 17: Program Going Forward
Program Going Forward • Drill Akelikongo Main • RAB drill 5+ new • Diamond drill new RAB targets Extensions high priority Ni to discover multiple sulphide soil targets mineralised systems ie Kabanga Tanzania
Slide 18: Timeline 2015
Timeline 2015 EM/IPsurvey Diamond Follow up drill EM/IP Diamond targets Drilling 1st pass RAB drill Follow up RAB drill Reconnaissance Soil and Stream Sediment surveys- infill surveys define drill targets Mapping and Data Integration Dry Season Wet Season Nov Dec Jan Feb Mar Apr May June July Aug Se
Slide 19: Uganda–infrastructure
Uganda–infrastructure • New Hydro stations under construction • Railway project (Chinese funded) • Road upgrade current from Gulu to Sudan (Chinese funded) 250km
Slide 20: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement This presentation has been prepared by and issued by Sipa Resources Limited (“Sipa” or “the Company”) to assist it in informing interested parties about the Company. It should not be considered an invitation or offer to subscribe for or purchase any securit