Auravelle Metals Limited · ASX:AUV
Auravelle Metals — Sipa Resources — Resources Rising Stars (December 2017)
27 slides from Auravelle Metals's conference presentation, December 2017
Slide 1: Resources Rising Stars Presentation
Resources Rising Stars PRESENTATION December 2017 1
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Sipa Resources Limited (Sipa). Summary of information: This presentation contains general and background information about Sipa’s activities current as at the date of the presentation and should not be considered to be comprehensive or to comprise al
Slide 3: Overview
OVERVIEW • Cutting edge explorer focussing on commodities with strong fundamentals • First mover in under explored frontier mineral provinces • High % of total spend in the ground, technically driven, interested only in large discoveries Sunset drilling Obelisk • Ugandan nickel copper Sulphide disco
Slide 4: Create shareholder wealth through discovery
Create shareholder wealth through discovery • Strong discovery track record • Sulphur Springs copper-zinc (now owned by Venturex and under scoping study, Sipa royalty*) • Ashburton Gold Deposit mined 1999-2004 (now 1.7 million ounces owned by Northern Star, Sipa royalty**) • Enigma Copper (sold to S
Slide 5: Corporate
CORPORATE Capital Structure Shareholders ASX Code SRI JM Financial 9.6% Shares (Ord.) (13/11/17) 1096m Rodiv NSW P/L Pension Fund 4.6% Share Price (29/11/17) 1.0c Terry & Suzanne Kahler 2.3% Market Cap $10.97m Directors & Management 1.5% Cash (at 30/09/17) $1.4m Total in top 20 31.0% Raising Oct 201
Slide 6: Highly Experienced Board
HIGHLY EXPERIENCED BOARD Multi-disciplinary skill-sets with extensive mining and exploration experience Craig McGown – Non-Executive Chairman Investment Banker over four decades consulting to companies in Australia and internationally particularly in the natural resources sector. Executive director
Slide 7: Highly Experienced Management
HIGHLY EXPERIENCED MANAGEMENT Multi-disciplinary skill-sets with extensive mining and exploration experience Tara Robson – Company Secretary – CFO, Investor Relations Over twenty years of experience managing listed entities including Anvil Mining and Brockman Resources. Fellow of Governance Institut
Slide 8: Commodity Focus
COMMODITY FOCUS Demand Gold a predicted to continued skyrocket due to hedge increasing EV* against and battery global market demands currencies in an ever increasing uncertain world Prices up 50% over past year, increased demand from EV* sector, tight supply and * Electric vehicle lack of good proje
Slide 9: Fast Facts about Nickel
FAST FACTS about Nickel * Source Visual Capitalist Nickel is projected to increase from 33% of the mass to 80% by 2020 in NMC 9
Slide 10: Fast Facts about Nickel
FAST FACTS about Nickel * Source Visual Capitalist The effect of nickel demand for every % increase in EV market penetration 10
Slide 11: Fast Facts about Nickel
FAST FACTS about Nickel * Source Visual Capitalist EV and batteries use nickel sulphate best sourced from nickel sulphides not nickel laterites or nickel pig iron Sources of Nickel 11
Slide 12: Fast Facts about Nickel
FAST FACTS about Nickel Due to prolonged down turn almost no exploration for nickel has been conducted in the past 5 years and very few new discoveries have been made Sipa is one of the few companies globally to have made an important nickel sulphide discovery in recent years 12
Slide 13: Sipa - Uganda
SIPA - UGANDA • Nickel sulphide discovery at Akelikongo northern Uganda • Drilled 5750m for 24 RC/DD holes • Few holes greater than 50m deep and open down plunge • Field work in 2017 shows that this may be a province of “Akelikongo suite intrusions” • Sipa has exposure to entire belt with 100% tenem
Slide 14: Sipa - Uganda
SIPA - UGANDA • Nickel Sulphide discovery at Akelikongo 250m consists of disseminated and massive sulphide • Extends at least Red - Disseminated NiS >0.25% “leapfrog” shell + 0.08% Cu 400m from Yellow - Massive NiS >1% + 0.3% Cu surface 14
Slide 15: Exposure to Entire Ni Province
EXPOSURE TO ENTIRE Ni PROVINCE Kitgum Pader Project • Field work in 2017 has potentially identified an Waligo Katunguru Akelikongo 80km by 30km corridor of “Akelikongo like Pamwa Intrusives”. Congo Aswa Palabek • If geochemistry confirms Karamoja Legend Various Diamond Core this, we will prove nicke
Slide 16: Exposure to Entire Nickel Province
EXPOSURE TO ENTIRE NICKEL PROVINCE Kitgum Pader Project Compare with Fraser Range IGO Katunguru Waligo Akelikongo Pamwa Nova Mine (Ni-Cu-Co) Goma Sipa Tenement IGO Tenement 50 kilometres 50 kilometres 16
Slide 17: Intrusive Nickel Sulphides
INTRUSIVE NICKEL SULPHIDES • Located near craton margins ie Nova, Raglan, Savannah, Voiseys Bay • Complex pipelike continuous structures which need persistence and $ to explore, once discovered. • At Akelikongo drilled only 25 holes for 5750 m (very early in the discovery process) • Now need a step
Slide 18: Paterson North Western Australia
PATERSON NORTH WESTERN AUSTRALIA • Key commodities gold copper • Key position in an emerging and world class gold and copper mineralised belt (Telfer at 25Moz is world class) • Paterson North has the address and the credentials and was, prior to Sipa/Ming - almost unexplored 18
Slide 19: Why Are We Here
WHY ARE WE HERE • Underexplored due to Deep Cover shallow cover Obelisk prospect • Same geological history as ECalibre South Paterson creates big EMagnum Deep Paterson opportunity for discovery Cover Province under shallow cover • Now demonstrated we have large mineral alteration EMinyari systems in
Slide 20: Mineral Deposit Geophysics
MINERAL DEPOSIT GEOPHYSICS Deposits show similarities in signature detectable using magnetics and gravity Newcrest Mining Telfer Copper/Gold Mine Antipa Minerals +25M oz Au, + 1Mt Cu Calibre & Magnum O’Callaghans 160kt Cu, 170kt W, 450kt Zn 1.6M oz Au, 127kt Cu Sipa Resources, Obelisk Prospect Telfe
Slide 21: Intrusion Related Gold System
INTRUSION RELATED GOLD SYSTEM • Now know what we are working with • Very important breakthrough for targeting and understanding economics • CSIRO partnership important in this work 21
Slide 22: Obelisk Prospect Magnetics
OBELISK PROSPECT MAGNETICS • On margins of circular intrusion • Similar setting to other Paterson deposits 22
Slide 23: Obelisk Prospect IP
OBELISK PROSPECT IP • April 17, drilled broad copper plus (Au Ag Mo Bi W) • July 17, IP indicates sulphides with copper • Sep 17, 4 diamond holes with strong silicification, alteration, veining with high grade gold and copper identified
Slide 24: Drilling Results
DRILLING RESULTS Broad low grade copper • PNA065 62m @ 0.09% • PNA070 102m @ 0.09% • PND001 64.8m @ 0.1% High grade vein controlled gold and copper • PND002 0.15m @ 22g/t and 2% Supergene copper • PND003 3m @1.8% Cu 24
Slide 25: Paterson North - Geophysics
PATERSON NORTH - GEOPHYSICS • New gravity data shows newly identified intrusions • Deposits structurally New ELA AKRC001 EM target 336ppm Cu controlled and related to 69ppb Au+Pt+Pd 159ppm Ni intrusions and domes Newly identified intrusion • Previous work identifies EM Domal magnetic stratigraphy co
Slide 26: Key Breakthroughs 2017
KEY BREAKTHROUGHS 2017 • At Paterson North, drilled extensive silicification, alteration and veining with a large copper >1000ppm halo • High grade gold and copper in veins now identified • “Indications of a large gold and copper system nearby” • Increased landholding leads to province scale positio
Slide 27: Key Breakthroughs 2017
KEY BREAKTHROUGHS 2017 • In Uganda, Akelikongo is now thought to be part of a large nickel sulphide province • Akelikongo nickel give us strong leverage to an improving nickel price “Both projects are positioned to attract the investment of a major mining company” 27
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