Auravelle Metals Limited · ASX:AUV
Auravelle Metals — Sipa Resources — Investor Presentation (September 2014)
20 slides from Auravelle Metals's investor presentation, September 2014
Slide 1: Potential of Magmatic Nickel Sulphide and Broken Hill Type Lead Zinc in Northern Uganda
Potential of Magmatic Nickel Sulphide and “Broken Hill Type” Lead Zinc mineralisation in the Kitgum Pader Region of Northern Uganda. Sipa Resources Ltd September 2014
Slide 2: Sipa's Program in Uganda: Timeline to Discovery
Sipa’s Program in Uganda Timeline to Discovery
Slide 3: Geological Setting of Kitgum-Pader
Geological Setting of Kitgum-Pader Demonstrated potential for four world class deposit types • 1) Broken Hill Type Pb,Zn,Ag • 2) Intrusive Related Ni-Cu sulphides “chonolith” related ie Norilsk, Voiseys Bay • 3) Archean/Proterozoic “greenstone” Ni deposits in rift setting. ie Thompson Ni Belt • 4) O
Slide 4: Geological Setting of Kitgum-Pader
Geological Setting of Kitgum-Pader • Located on the reworked NE dipping northeastern margin of the Archaean Congo Supercraton • Multiple phases of rifting & inversion during Palaeo and MesoProterozoic • NeoProterozoic West Karamoja Group metasediments overthrust from northeast probably during Pan Af
Slide 5: Geological Setting of Broken Hill Type Targets at Pamwa and Ayuu Alali
1) Geological Setting of Broken Hill Type Targets at Pamwa and Ayuu Alali • Located in the Kitgum Gneiss (Pamwa) & Zn rich “Ayuu Alali” Ayuu Alali Zn Horizons stratiform horizons of the West Karamoja Group Pamwa • Rocks described as garnetiferous gneisses, albitites, psammites, pelites & amphibolite
Slide 6: Global significance of Broken Hill Type host terranes
Global significance of Broken Hill Type host terranes • Typically high grade low pressure metamorphic terranes with restricted global distribution; example Broken Hill Block (Broken Hill), Eastern succession Mt Isa Block (Cannington); Namaqualand-Bushmanland NE South Africa (Aagenys, Gamsberg, Broke
Slide 7: Pamwa Zn-Pb (Ag-Cd)
Pamwa Zn-Pb (Ag-Cd) Image of Ag-Cd (lab) from 1 Image of Zn (pXRF) Image of Pb (pXRF) in 8 QC samples This is a text book signature for Pb-Zn mineralisation
Slide 8: Pamwa Zn-Pb (Ag-Cd) Discovery July 2014
Pamwa Zn-Pb (Ag-Cd) Discovery July 2014 • RC/RAB drilling returned intercepts of LMC10 - 5m @ 2% Zn 0.2% Pb 2.4g/t Ag and 97ppm Cd from 20-25m EOH. LMC004 - 38m @ 0.12% Zn EOH LMC014 - 15m @ 0.11% Zn EOH • Geochemical association is Zn Pb Cd Mn confirming a Broken Hill Type signature. • The minerali
Slide 9: Ayuu Alali Zn rich horizons
Ayuu Alali Zn rich horizons • Outboard of the Kitgum Gniess the Ayuu Alali horizons shown in red on the inset show a strong multielement association also similar to Broken Hill Type horizons
Slide 10: Ayuu Alali Zn rich horizons
Ayuu Alali Zn rich horizons • Outboard of the Kitgum Gniess the Ayuu Alali horizons shown in red on the inset show a strong multielement association also similar to Broken Hill Type horizons • Zn >50ppm • Mo>2ppm • Cd>60 ppm • Ag>80ppb
Slide 11: Nickel Sulphide Prospectivity - Waal Gabbroids
2) Nickel Sulphide Prospectivity - Waal Gabbroids • Akelikongo is interpreted to be one of the Waal Gabbroid Suite intrusives. Mafic intrusions defined by Sipa soil geochemistry • Two others including Katunguru identified nearby Neoproterozoic “Waal Gabbroids” previously mapped with associatedTitani
Slide 12: Akelikongo Ni Cu Sulphide Discovery – June 2014
Akelikongo Ni Cu Sulphide Discovery – June 2014 Discovery Pile 36-38m LMR002
Slide 13: Akelikongo Ni Cu Sulphide Discovery – June 2014
Akelikongo Ni Cu Sulphide Discovery – June 2014 Discovery Pile 36-38m LMR002 Magmatic Ni Sulphides Pyrrhotite and Pentlandite
Slide 14: Akelikongo – Ni Cu Assay Results
Akelikongo – Ni Cu Assay Results
Slide 15: Nickel Sulphide Prospectivity – Nyimur Group
3) Nickel Sulphide Prospectivity – Nyimur Group • Systematic geochemical exploration of the Kitgum-Pader project has defined a series of Ni anomalies over a strike length of about 50km • These anomalies have been confirmed in the field to represent ultramafic rocks, with associated meta-BIF • This a
Slide 16: Nickel Sulphide Prospectivity – Nyimur Group
3) Nickel Sulphide Prospectivity – Nyimur Group • The Burukung Ultramafic horizons shown in the geology inset are favourable for NiS prospectivity where peak nickel in soils is between 1000-3000ppm Ni with associated copper of 200-300ppmCu • Where nickel is high and copper is low but Chrome is high
Slide 17: Corporate
Sipa Resources Limited Corporate CAPITAL STRUCTURE Ordinary Fully Paid Shares 608.6m AS0.075 Listed Options (Nov 2015) 134m ASO.15 Unlisted Employee Options (April 2015) 13.2m ASO.21 Unlisted Employee Options (Nov 2014) 2.0m ASO.175 Unlisted Employee Options (Sep 2014) 7.2m Cash - June 2014 (unaudit
Slide 18: Board and Management
Board and Management • Ian Pierce – Non Executive Chairman Mining engineer with some 35 years of experience in gold and base metals project evaluation, development and management • Lynda Daley – Managing Director Over 25 years in mining and exploration most recently as Exploration Director Australia
Slide 19: Summary
Summary • Successful raising of $4,445,356 with a total of 127,010,160 fully paid ordinary shares with an attached listed option, exercise price of $0.075 and expiry date of 5 November 2015, were issued pursuant to the Entitlement Issue and Shortfall Offer • Money applied immediately to Sipa’s Ugand
Slide 20: Competent Persons Statement
Competent Persons Statement The information in this report that relates to the exploration results previously reported in the ASX Announcements dated 24 February 2014, 23 June 2014, 15,30,31 July 2014, 18,26 Aug 2014. The Company is not aware of any new information or data that materially affects th
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