Stavely Minerals Ltd · ASX:SVY
Stavely Minerals — Resource Rising Stars Conference 2018
46 slides from Stavely Minerals's conference presentation, May 30, 2018
Slide 1: Knocking on the Door to Discovery in Western Victoria
Knocking on the Door to Discovery in Western Victoria Resource Rising Stars Conference 2018
Slide 2: Disclaimer
STAVELY MINERALS Disclaimer This presentation contains only an overview of Stavely Minerals Limited (“Stavely" or the “Company”) and its activities and operations. The contents of this presentation, including matters relating to the geology and exploration potential of the Company’s projects, may re
Slide 3: Corporate snapshot, directors and share price
STAVELY MINERALS ASX Code – SVY Shares on Issue – 148.7M Share Price - $0.30 Market Cap - $44.6M Cash (24/05/18) - $7.2m* Management ~34% equity *Excludes Titeline Drilling agreement and Victorian Gov’t co-funding Directors SVY Share Price / Volume Bill Plyley $0.60 2,500,000 Non-executive Chairman
Slide 4: Take Away Messages
TAKE AWAY MESSAGES 1. Stavely provides good value for investors – 71% ‘in the ground’ 2. Stavely has conclusively demonstrated that a copper and gold porphyry is present at Thursday’s Gossan 3. Alkalic porphyries are amongst the largest gold deposits known 4. Recent drill results demonstrate that we
Slide 5: Projects
PROJECTS
Slide 6: Victorian Project Locations
VICTORIAN PROJECT LOCATIONS Victorian Projects The Ararat Project is prospective for VMS base metals-gold and ‘Stawell- style’ gold mineralisation. The Stavely, Yarram Park and Black Range Projects are prospective for ancient porphyry copper-gold and VMS base metals-gold mineralisation.
Slide 7: Queensland Project Location
QUEENSLAND PROJECT LOCATION Queensland Project The Ravenswood Project is prospective for: • porphyry copper-moly-gold, • quartz-sulphide vein-hosted gold • breccia-hosted gold mineralisation • epithermal gold • VMS copper-gold Active exploration to resume in June with 2 x IP programmes
Slide 8: Mineral Resources
MINERAL RESOURCES1 At the Ararat Project, hosted in a Besshi-style VMS: • Inferred Mineral Resources of 1.3Mt at 2.0% copper, 0.5 g/t gold, 0.4% zinc and 6 g/t silver for 30kt of contained copper At the Stavely Project hosted in a secondary chalcocite- enriched blanket: • Inferred Mineral Resources
Slide 9: Porphyry Discovery Opportunities: Thursday's Gossan, Mount Stavely and Others
PORPHYRY DISCOVERY OPPORTUNITIES: THURSDAY’S GOSSAN, MOUNT STAVELY AND OTHERS
Slide 10: Stavely Volcanic Belt
STAVELY VOLCANIC BELT Stavely has the largest and most strategic tenement holding in the belt • Thursday’s Gossan porphyry • Toora West porphyry prospect • Junction porphyry • Mount Stavely porphyry • Fairview Gold prospect • Wickliffe VMS prospect • Patanga copper prospect
Slide 11: Stavely Volcanic Belt
STAVELY VOLCANIC BELT Stavely has the largest and most strategic tenement holding in the belt • Thursday’s Gossan porphyry • Toora West porphyry prospect • Junction porphyry • Mount Stavely porphyry • Fairview Gold prospect • Wickliffe VMS prospect • Patanga copper prospect
Slide 12: Thursday's Gossan Porphyry
THURSDAY’S GOSSAN PORPHYRY STAVELY MINERALS We see something different to those who were there before us…
Slide 13: Thursday's Gossan Porphyry: Chalcocite Blanket
THURSDAY’S GOSSAN PORPHYRY Thursday’s Gossan Chalcocite Blanket Inferred Mineral Resources of 28Mt at 0.4% copper for 110kt of contained copper
Slide 14: Near-surface high-grade copper zones and porphyry 'D' veins
THURSDAY’S GOSSAN PORPHYRY Two parallel zones of near- surface high-grade copper mineralisation with associated silver and gold…. These zones correspond to the near-surface expression of sulphide-rich porphyry ‘D’ veins
Slide 15: What Are 'D' Veins?
WHAT ARE ‘D’ VEINS? ‘D’ veins are late- stage sulphide-rich veins with characteristic sericite alteration selvedges. They should be a ‘yellow brick road’ down to the source porphyry. After Corbett, 2012
Slide 16: Thursday's Gossan Porphyry: RC drilling programme
THURSDAY’S GOSSAN PORPHYRY Completed 20 x drill hole RC drilling programme to target these high-tenor copper, silver and gold zones ✓ Potential for material impact on Mineral Resources update given NO silver and gold ever estimated within the Mineral Resource ✓ Help us understand where the gold and
Slide 17: Thursday's Gossan RC drilling
THURSDAY’S GOSSAN PORPHYRY Thursday’s Gossan RC drilling ➢ 24 metres at 0.64% copper and 1.2 g/t gold including: • 14 metres at 0.82% copper and 1.99 g/t gold including • 1 metre at 0.84% copper and 22.2 g/t gold ➢ 29 metres at 0.53% copper and 0.30 g/t gold to end of hole (EoH), including • 4 metre
Slide 18: Thursday's Gossan RC Drilling (north section)
THURSDAY’S GOSSAN PORPHYRY Thursday’s Gossan RC Drilling (north section) Shallow RC drill results: ➢ 64m at 0.40% copper and 0.19g/t gold, including o 29m at 0.53% copper and 0.3g/t gold to end of hole ➢ 11m at 0.49% copper and 0.29g/t gold, and A number of RC drill holes stopped in grade. see ASX a
Slide 19: Thursday's Gossan Diamond Tails (north section)
THURSDAY’S GOSSAN PORPHYRY Thursday’s Gossan Diamond Tails (north section) RC drill holes continued / twinned with diamond drill ‘tails’. Diamond drill results: ➢ 124m at 0.31% copper and 0.12g/t gold, and ➢ 53m at 0.37% copper and 0.15g/t gold, including ▪ 23m at 0.57% copper and 0.20g/t gold see A
Slide 20: Thursday's Gossan Diamond Tails (second north section)
THURSDAY’S GOSSAN PORPHYRY Thursday’s Gossan Diamond Tails (second north section) RC drill holes continued / twinned with diamond drill ‘tails’. Diamond drill results: ➢ 36m at 0.43% copper and 0.20g/t gold, including ▪ 20m at 0.65% copper and 0.30g/t gold ➢ 85m at 0.35% copper and 0.18g/t gold, inc
Slide 21: Cadia Ridgeway Analogy: 7 Phases of Drilling Before Discovery
CADIA RIDGEWAY ANALOGY: 7-PHASES OF DRILLING BEFORE DISCOVERY, HIGH-GRADE GOLD- COPPER MINERALISATION ASSOCIATED WITH ‘M’ VEINS
Slide 22: The Prize
THE PRIZE The Cadia Ridgeway gold-copper deposit had total production to March 2012 of 76.7Mt at 1.83g/t gold and 0.63% copper for a contained 4.5 million ounces of gold and 483,000 tonnes of copper. Source: Porter GeoConsultancy Pty Ltd. The Cadia Ridgeway gold-copper deposit has horizontal dimensi
Slide 23: Cadia Ridgeway Exploration (pre-discovery)
CADIA RIDGEWAY EXPLORATION Cadia Ridgeway (pre-discovery) Diamond drill results: • 118m at 0.10% copper and spotty gold • 102m at 0.40% copper and 0.13g/t gold Thursday’s Gossan Porphyry (so far) Diamond drill results: • 283m at 0.16% copper • 194m at 0.16% copper • 85m at 0.35% copper and 0.18g/t g
Slide 24: Cadia Ridgeway Exploration (discovery)
CADIA RIDGEWAY EXPLORATION Cadia Ridgeway (discovery) Diamond drill results: • 145m at 1.2% copper and 4.30g/t gold, • 84m at 1.27% copper and 7.40g/t gold Thursday’s Gossan Porphyry Drilling in-progress see ASX announcement 05/09/2017 and available from www.stavely.com.au
Slide 25: Cadia Ridgeway Exploration
CADIA RIDGEWAY EXPLORATION Cadia Ridgeway (discovery) Diamond drill results: • 145m at 1.2% copper and 4.30g/t gold, • 84m at 1.27% copper and 7.40g/t gold The distribution of high-grade gold is closely related to the distribution of E-2 ‘M’ veins. ‘E’ is used to indicate that they are ‘early’ in th
Slide 26: Drill Holes SMD015 to SMD026
DRILL HOLES SMD015 to SMD026 (now we are close, very close)
Slide 27: Thursday's Gossan Porphyry: SMD015 late 'D' veins
THURSDAY’S GOSSAN PORPHYRY Recent results from late ‘D’ veins in SMD015: ➢ 9m of 2.62% copper and 0.28g/t gold, including • 4m of 5.41% copper and 0.35g/t gold, including ▪ 1m at 14.75% copper and 0.33g/t gold ➢ 4m at 5.85% copper and 0.27g/t gold, including • 1m at 10.75% copper and 0.60g/t gold se
Slide 28: Magnetite veins intercepted in SMD015
THURSDAY’S GOSSAN PORPHYRY Magnetite veins intercepted in SMD015 could be far more important as a proximal indicator to mineralisation +100m intercept of classic porphyry ‘M’ veins: ➢ Typical of gold-rich porphyries ➢ Veins in this photo are similar to the E-1A ‘M’ veins at Cadia Ridgeway see ASX an
Slide 29: Magnetite veins in SMD015 as proximal indicator
THURSDAY’S GOSSAN PORPHYRY Magnetite veins intercepted in SMD015 are important as a proximal indicator to mineralisation The veins in this photo are similar to the Cadia Ridgeway E-1B ‘M’ veins see ASX announcement 12/01/2018 and available from www.stavely.com.au
Slide 30: Magnetite veins as proximal indicator to mineralisation
THURSDAY’S GOSSAN PORPHYRY Magnetite veins intercepted in SMD015 are important as a proximal indicator to mineralisation: ➢ SMD015 interpreted to have intercepted the equivalent of the E- 1 early phase of ‘M’ veins ➢ High-grade gold-copper mineralisation closely associated with more limited distribu
Slide 31: SMD016
THURSDAY’S GOSSAN PORPHYRY SMD016 ➢ 45m interval of porphyry ‘M’ veins from 220m to 265m • also with early porphyry ‘A’ veins ➢ Moderate to strong hematite-magnetite+- actinolite alteration from 307m to 325m with very fine disseminated bornite and chalcopyrite ➢ Low-angle structure at 325m ➢ Pyrite
Slide 32: SMD017
THURSDAY’S GOSSAN PORPHYRY SMD017 ➢ 80m interval of porphyry ‘M’ veins from 408m to 488m • also with early porphyry ‘A’ veins ➢ The ‘M’ veins in SMD017 display similarities to the Cadia Ridgeway barren E-1A and E-1B veins but – importantly also the E-2 laminated ‘M’ veins that are associated with th
Slide 33: SMD017 468m
THURSDAY’S GOSSAN PORPHYRY SMD017 468m The veins in this photo are similar to Cadia Ridgeway E-1A and E-1B veins and are likely barren but proximal to copper-gold mineralisation see ASX announcement 18/02/2018 and available from www.stavely.com.au
Slide 34: SMD017 470m
THURSDAY’S GOSSAN PORPHYRY SMD017 470m The laminated ‘M’ vein in this photo has inter-grown chalcopyrite with the magnetite and is similar to Cadia Ridgeway E-2 veins associated with the early copper-gold mineralisation event see ASX announcement 18/02/2018 and available from www.stavely.com.au
Slide 35: Conceptual Model
THURSDAY’S GOSSAN PORPHYRY Conceptual Model The Thursday’s Gossan porphyry has been dismembered by low-angle structures (LAS). Drill Holes SMD015, 016, 022, 023, 025 have all hit porphyry M veins above the LAS. Drill holes SMD017, 024 and 026 have hit porphyry M veins below the LAS. All indications
Slide 36: Key Observations and Implications
KEY OBSERVATIONS AND IMPLICATIONS ➢ The early ‘wormy’ A and M veins are demonstrating that we are at the top of the porphyry system ➢ The mineralised porphyry is preserved and could be expected to be in the order of several hundred metres to a kilometre or more in vertical extent ➢ That the fluids r
Slide 37: Takeaway Messages
TAKEAWAY MESSAGES 1. An undiscovered copper-gold porphyry exists at Thursday’s Gossan 2. They are amongst the largest gold deposits in the world 3. We will find it 4. We can’t tell you what the size and grade will be until we get some holes into it
Slide 38: Mount Stavely Porphyry and Fairview Gold
MOUNT STAVELY PORPHYRY AND FAIRVIEW GOLD
Slide 39: Mount Stavely
MOUNT STAVELY Mount Stavely Porphyry and Fairview Gold ✓ Interpreted buried porphyry reflected in pronounced gravity low ✓ 5km of peripheral mesothermal to epithermal gold associated with quartz-sulphide veins (adularia noted) see ASX announcements on 18/04/2017 and 21/07/2017 and available from www
Slide 40: Fairview Gold Prospect
FAIRVIEW GOLD PROSPECT Fairview Gold Prospect ✓ 5km strike of quartz-suphide vein related gold mineralisation ✓ Previous drilling intercepts including: ➢ 2.5m at 17.4 g/t gold from 28m drill 5km depth ➢ 2m at 16.1 g/t gold from 23m drill depth ➢ 4m at 6.7 g/t gold from 10m drill depth ➢ 8m at 5.0 g/
Slide 41: Fairview Gold Prospect: recent drilling
FAIRVIEW GOLD PROSPECT Recent drilling by Stavely Minerals intercepted wide intervals of shallow gold mineralisation including: ➢ 30m at 1.4 g/t gold from 47 metres drill 5km depth, including • 11 metres at 2.4 g/t gold ➢ 17m at 1.23g/t gold from 23m drill depth within a larger low-grade interval of
Slide 42: Fairview Gold Prospect: Stavely-17 interpretation
FAIRVIEW GOLD PROSPECT Stavely-17 interpretation Two-stage pyrite growth in most samples — High T first stage (oscillatory Co-Ni zonation; high Se) — Lower T second stage; Cu-As-Ag-Sb-Au-Pb+Mo+TI+Bi The high-T stage likely relates to porphyry-style mineralization at depth The low-T stage is likely a
Slide 43: Fairview Gold Prospect
FAIRVIEW GOLD PROSPECT ABP OSCE TOUS TRILL HOOT ECRDN T OULD mmngnws +e Alteration haloes; Note: diagram not to scale Stavely-17 517-004 - STAVELY Glenthompson Sandstone in Source intrusive CODES MINER N A IVERSITY of SMANIA\
Slide 44: Take Away Messages
&° STAVELY PV ; TAKE AWAY MESSAGES
Slide 45: Take Away Messages
TAKE AWAY MESSAGES ✓ Stavely Minerals has conclusively demonstrated that a copper-gold porphyry is present at Thursday’s Gossan ✓ Results to date are great but we are not yet in the sweet spot and grades should be very attractive when we do get there ✓ ‘M’ veins indicate we are very close ✓ We will
Slide 46: Thank You
STAVELY MINERALS Thank You Contact Us: Stavely Minerals Limited Level 1, 168 Stirling Highway Nedlands WA 6009 www.stavely.com.au info@stavely.com.au Ph: 08 9287 7630 The information in this presentation is extracted from information available to view on www.stavely.com.au. The company confirms that
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