Larvotto Resources Limited · ASX:LRV
Larvotto Resources — IPO Roadshow (June 2021)
24 slides from Larvotto Resources's IPO roadshow presentation, Jun 9, 2021
Slide 1: Introducing Larvotto Resources
Introducing Larvotto Resources Australia and New Zealand focused copper, gold and cobalt explorer, Larvotto Resources Limited This presentation does not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to buy or subscribe for any securities
Slide 2: Disclaimer
Disclaimer These presentation materials and any accompanying verbal presentation (together, the Presentation Materials) are confidential and have been prepared by Larvotto Resources Limited (Company). By receiving the Presentation Materials, you acknowledge and represent to the Company that you have
Slide 3: Disclaimer
Disclaimer CONFIDENTIAL The contents of these Presentation Materials are confidential. These Presentation Materials are being provided to you on the condition that you do not reproduce or communicate them or disclose them to, or discuss them with, any other person without the prior written consent o
Slide 4: Investment opportunity
Investment opportunity Tier 1 investment locations Copper, Gold, Cobalt, PGE Proven mining regions Excellent logistics Accessible production facilities Strong team. Experienced company and project developers 4
Slide 5: Proposed IPO
Proposed IPO Shares %1 Shareholder1 Shareholding (%) Existing shares* 22,320,003 29% Lowell Resources Fund 4.2% Project vendors2 3,500,000 5% McNeill Nominees 4.2% IPO investors ($10M)3 50,000,000 66% Ron Heeks 3.5% * Board & Management 7,080,000 shares (9%) Mark Tomlinson 3.2% Total: 75,820,003 100
Slide 6: Experienced team
Experienced team Mark Tomlinson, B.Eng(Mining), FAusIMM | Independent Non-Executive Chair Investment Banker and Mining Engineer with over 40 years’ experience in the Australian mining sector. Most recently, Mark was a Corporate Finance Director for over 13 years with Patersons Securities in Melbourn
Slide 7: Key project highlights
Key project highlights Focus on exploration and near-term production in New Zealand and Australia Copper, gold, cobalt adjacent Mt Isa Mines operation • Along strike MIM • Surrounds active Barbara copper mine • 9% cobalt in recent rock chips, no All projects historic sampling for cobalt are a wa
Slide 8: Commodity outlook
Commodity outlook Gold Currency and inflation hedge Safe haven for uncertain times Copper Price all-time highs Fundamental for EVs Directly related to world economic growth Cobalt / Nickel Price driven by EV/battery sales Stainless steel demand rising Indonesian nickel export ban E
Slide 9: Mt Isa copper, gold, cobalt
Mt Isa copper, gold, cobalt Drill ready, near-surface copper, gold, cobalt targets Directly along strike MIM copper operation Surrounds two operating copper mines • Quick, cost-effective path to production Excellent logistics Multiple 3rd party processing options Large landholding (appro
Slide 10: Mt Isa copper – drill targets
Mt Isa copper – drill targets Tenements surround • Mount Isa Mines copper operation (Glencore) • Barbara Copper operation (Round Oak Minerals) processing at 3rd party facilities in Mt Isa Barbara Copper Operations Multiple drill ready targets identified Round Oak Minerals Ltd (100% Washington H.
Slide 11: Mt Isa copper - Yamamilla
Mt Isa copper - Yamamilla Four kilometres long zone of anomalous geochemistry Soil geochemistry and high-grade rock chips (up to 17% Cu) correlate with geophysics Prospectivity confirmed by multiple sources • Geophysics • Airborne VTEM • Ground/downhole EM • Soil geochemistry • Rock chips • Li
Slide 12: Mt Isa copper - Yamamilla
Mt Isa copper - Yamamilla Multiple prospects with multiple targets Initial results include: • 13m @ 1.13% Cu inc. 7m @ 1.76% Cu1 • 10m @ 1.99% Cu inc. 4m @ 4.57% Cu2 • 35m @ 0.33% Cu inc. 4m @ 1.27% Cu3 • 70m @ 0.26% Cu inc. 1m @ 2.34% Cu4 Drill ready Yamamilla airborne VTEM geophysics RC – Re
Slide 13: Mt Isa copper – Blue Star
Mt Isa copper – Blue Star Blue Star: • 9m @ 6.12% Cu and 0.69 g/t Au including 4m @ 9.89% Cu and 1.05 g/t Au (ended in mineralisation) Trey Bit: • 3m @ 1.57% Cu Gospel: • 3m @ 1.5% Cu, 0.19 g/t Au, 0.29 g/t Ag, 1.4 g/t Bi All targets require follow-up Blue Star airborne VTEM geophysics drill
Slide 14: Ohakuri gold
Ohakuri gold Epithermal gold system 10,000m drilling (2012) discovered large low-grade zone • 172m @ 0.41 g/t Au • 160m @ 0.32 g/t Au • 215m @ 0.21 g/t Au • 170m @ 0.24 g/t Au Subsequent geophysics identified potential gold feeder structures: • Maleme Fault • Ohakuri Transform Fault Correlat
Slide 15: Ohakuri gold – Exploration history
Ohakuri gold – Exploration history 1970's Gold discovered by engineers in road cuttings 1983 - 2012 BP Oil NZ Ltd Airborne - magnetics/radiometrics Cyprus Gold NZ Ltd - gravity Delta Gold NZ Ltd Ground - resistivity Glass Earth NZ Ltd - CSMAT Coeur Gold NZ Ltd - IP dipole-dipole - Wacker geochemistr
Slide 16: Ohakuri gold – drill targets
Ohakuri gold – drill targets Targets centred around intense magnetic low • Similar in size and intensity to Waihi • Large area of low grade mineralisation identified in Central Zone of anomaly (0.2-0.4 g/t Au) Recent geophysics, geochemistry and mapping identified potential high grade gold feede
Slide 17: Ohakuri gold – feeder zones
Ohakuri gold – feeder zones Two potential higher grade feeder zones responsible for mineralising a large area of the Central Zone have been identified The feeder targets are supported by the correlation of: • Geophysics - Magnetics • Geochemistry resistivity • Alteration - Soils, streams, • Dril
Slide 18: Eyre project – Ni, Au, Cu, PGE
Eyre project – Ni, Au, Cu, PGE Multi-commodity opportunity World-class mineral field, gold, copper, nickel targets Adjacent operating gold, nickel operations First identified in 1970s (WMC) Soil veneer masked underlying geology Excellent logistics, close to Kalgoorlie Straddles interst
Slide 19: Eyre project – Ni, Au, Cu, PGE
Eyre project – Ni, Au, Cu, PGE Geology misunderstood until recent geophysics identified new greenstone belts Adjacent to active mines • Central Norseman, Au • Nova, Ni Gold - high-grade Norseman system numerous geochemistry targets Nickel/Copper, PGE - Eyre project airborne magnetics layered
Slide 20: Timeline of exploration
Timeline of exploration 2021 2022 2023 BUDGET Aug Sep Oct Nov Dec Jan Feb Mar Q2 Q3 Q4 Q1 Ohakuri Permitting $ 25,000 Geophysical $ 500,000 Diamond drilling $ 2,125,000 Assays $ 350,000 TOTAL $ 3,000,000 Mt Isa Geochemistry Geophysics $ 300,000 RC drilling $ 1,450,000 Diamond drilling $ 650,000 Assa
Slide 21: Investment highlights
Investment highlights Tier 1 mining jurisdictions Australia and New Zealand – low sovereign risk domains Strong news flow Exploration programs to commence immediately. Advanced large Cu, Au, Co project adjacent to Mt Isa Drill-ready targets and large areas underexplored Advanced epithermal gold in N
Slide 22: Project acquisition terms
Project acquisition terms Mt Isa 100% Ohakuri earn in to 80% • Minotaur Resources tenements • $175,000 cash on listing • $100,000 cash on listing • 3 stage earn-in; 49% for $0.5M then $0.8M expenditure incl. drilling • $500,000 in shares on listing • 80% for $2.5M expenditure • NSR 1% with $1M b
Slide 23: Key risks
Key risks Limited history The Company was incorporated recently (November 2020) and has limited operating history and historical financial performance. No assurance can be given that the Company will achieve commercial viability through the successful exploration of the projects. Until the Company
Slide 24: Contact us
Contact us Larvotto Resources Limited 136 Stirling Highway Nedlands WA 6009 P O Box 496, Claremont WA 6910 T: +61 8 6373 0112 E: info@larvottoresources.com W: larvottoresources.com