Alvo Minerals Limited · ASX:ALV
Alvo Minerals — Investor Presentation (May 2022)
23 slides from Alvo Minerals's investor presentation, May 4, 2022
Slide 1: Palma Cu & Zn VMS Project
Palma Cu & Zn VMS Project May 2022
Slide 2: Alvo Minerals - Disclaimer
Alvo Minerals - Disclaimer The information in this presentation is confidential and may only be used if received directly from Alvo Minerals Limited (ACN 637 802 496) (Alvo or the Company). No third parties have undertaken an independent review of the information contained in this presentation. This
Slide 3: Alvo: Investment Summary
Alvo: Investment Summary • Palma Project is a high-grade, Cu-Zn rich VMS district scale opportunity in Brazil • Existing JORC Resource at listing of 4.6Mt @ 1.0% Cu, 3.9% Zn, 0.4% Pb & 20g/t Ag • Alvo drill results (since listing Oct 21’); ▪ 7.0m @ 5.2 % Cu & 8.0% Zn ▪ 7.4m @ 2.2% Cu & 23.1% Zn ▪ 36
Slide 4: Alvo Minerals Capital Structure
Alvo Minerals Capital Structure ALV Structure Summary Board and Management Key Information • Alvo’s board has significant minerals exploration and mining Share price (as at 1 May 2022) $0.290 experience in Brazil and around the world Total shares on issue $72,830,314 • Experienced team in Brazil to
Slide 5: The Palma Project
The Palma Project • Palma VMS district- 5 outcropping prospects. VMS typically occur in clusters - C3 only the outcropping prospects drilled to date • Discovered in 1970’s, Palma has been largely idle for ~30 years - Alvo is the first to C2 apply modern/systematic/aggressive exploration C5 C1 • JORC
Slide 6: Infrastructure & Location
Infrastructure & Location Sealed roads to project, 6 hours from Brazil’s capital city, Brasilia Four Hydroelectric dams within 100km of the project with High Voltage Power lines crossing the project Town of Palmeiropolis (10,000 people) within 5km N-S railway within 30km, planned E-W rail 50km Multi
Slide 7: Palma – A new VMS camp
Palma – A new VMS camp Volcanogenic Massive Sulphide (VMS) deposits occur in clusters that define MAJOR mining camps • Only outcropping mineralisation drilled to VMS are important global sources of Cu, Zn, Pb, Ag and Au date- limited exploration Palma has the right rocks to become a new VMS camp • A
Slide 8: C3 Prospect – High grade Copper and Zinc
C3 Prospect – High grade Copper and Zinc • Phase 1 drilling complete, mineralisation open at depth and along strike • JORC 2012 Resource of 2.8Mt @ 1.1% Cu, 4.3% Zn, 0.2% Pb & 23g/t Ag • Multiple high-grade intercepts drilled will grow the resource; • PD3-001: 25.00m @ 1.79% Cu, 14.08% Zn from 187m
Slide 9: C3 Prospect – Thick and High-Grades; Open at Depth
C3 Prospect – Thick and High-Grades; Open at Depth 9
Slide 10: C1 Prospect – Phase One Diamond Drilling Ongoing
C1 Prospect – Phase One Diamond Drilling Ongoing • C1 is mineralised over 1.2km of strike - open at depth and along strike • Phase one diamond drilling ongoing with first hole intersecting 21m of massive/semi-massive sulphides • JORC 2012 Inferred Resource of 1.80Mt @ 0.8% Cu, 3.2% Zn, 0.8% Pb & 15g
Slide 11: C1 – FLEM Survey Highlights Significant Extensions
C1 – FLEM Survey Highlights Significant Extensions • Mineralisation is concentrated on a folded contact between mafic metavolcanic and felsic metavolcanic • Mineralisation is more structurally controlled than C3, zinc appears to be concentrated to a high-grade, shallowly plunging zone • Mineralised
Slide 12: Palma Exploration Targets
Palma Exploration Targets VTEM ch20 survey image with known deposits VNIR/SWIR anomaly mapping from Aster imagery • Alvo has >500km2 of contiguous and highly prospective ground in a known VMS district- the first time this package has been held by the same entity • Regional geochemistry dataset - 27k
Slide 13: Exploration Targets – C1 Extension (JS_43)
Exploration Targets – C1 Extension (JS_43) C3 West • Late time Ch20 VTEM elongate conductor. ~400m long, estimated to be ~100m below surface T2 • Conductor is directly along strike from C1 deposit. C1 has a strong conductor co- C1 extension incident to mineralisation. • Medium grade Zn and Cu in soi
Slide 14: Exploration Targets – C3 West
Exploration Targets – C3 West C3 West • Late time Ch20 VTEM elongate conductor. ~450m long. • Conductor is west of C3 T2 deposit. C3 does not have a conductor co- incident to C1 extension mineralisation. • Medium grade Zn and Cu in soils T1 T3 14
Slide 15: Ni/Cu/PGE’s Magmatic Sulphide Target
Ni/Cu/PGE’s Magmatic Sulphide Target Early stage exploration target - Cana Brava mafic/ ultramafic belt • N-S striking mafic/ultramafic belt layered intrusion prospective for Ni/Cu/PGE’s • Stream sediment sampling Ni shows a very strong correlation with Co, Cr, Cu & V with a moderate correlation wit
Slide 16: Palma Project - Next Steps
Palma Project - Next Steps C3 Prospect • Phase 1 diamond drilling completed • Ground geophysical surveys (FLEM and DHEM) to refine phase 2 drill targets Discover • Phase 2 drill program targeting significant extensions to high-grade mineralisation C1 Prospect • Phase 1 diamond drilling ongoing – ‘di
Slide 17: Thank you
VMS Brazil Thank you Rob Smakman Managing Director +61 491 260 374 rob@alvominerals.com
Slide 18: Appendix
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Slide 19: Exploration Targets – T1
Exploration Targets – T1 C3 West • High grade Zn and Cu in soils- soil grid needs additional sampling • Late time Ch20 VTEM T2 bullseye conductor. ~300m wide C1 extension • Favourable geological setting- contact zone between mafic and T1 felsic metavolcanics. • Contact zone is on the same NE-SW orie
Slide 20: JORC 2012 Inferred Mineral Resource
JORC 2012 Inferred Mineral Resource JORC 2012 Inferred Mineral Resource NSR Mineralised Tonnes Cu Zn Pb Ag Cut-Off Prospect (Mt) (%) (%) (%) (g/t) (US$) C1 60 1.80 0.8 3.2 0.8 15 Resources Based on ~32km of C3 60 2.80 1.1 4.3 0.2 23 diamond drilling in 165 holes Total 60 4.60 1.0 3.9 0.4 20 Inspecti
Slide 21: Palma Project History
Palma Project History Early 1970’s Early exploration by the Brazilian Geological Survey- CPRM. Regional Nickel exploration, mapping and soils discovered anomalous Cu in soils 1976 – 1978 1979 – 1993 1986 – 1989 Regional Stream sediments, defined numerous Exploration by CPRM including Japan Governmen
Slide 22: Strong Brazilian Relationships
Strong Brazilian Relationships • Alvo management have combined > 25 years of on-ground Brazilian experience- negotiating, exploring, licensing, studying building and operating minerals projects. • Strong association with CPRM and local government. Aligned towards developing Palma into a mining distr
Slide 23: Metallurgical Testwork
Metallurgical Testwork CPRM undertook bench and pilot plant testwork in 1982 and 1988 • 1982: Float tests on 400kg of sulphide mineralisation from drilling at C1 Figure below illustrates mapping along the decline • Bond Work Index of 13.0 kWh/t into C1, from which a 40 tonne sample was extracted for