Star Minerals Ltd. · ASX:SMS
Star Minerals — Investor Presentation (July 2022)
23 slides from Star Minerals's investor presentation, July 2022
Slide 1: Investor Presentation
INVESTOR PRESENTATION STAR MINERALS - JULY 2022 ASX CODE: SMS
Slide 2: Important Notice
IMPORTANT NOTICE This presentation is issued by Star Minerals Ltd ACN 648 048 631 (Star Minerals). Confidentiality and no distribution of information The information in this document is confidential to Star Minerals. This document must not be photocopied or reproduced in any physical or electronic f
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT ASX Code: SMS To p 1 0 H o l d e r s : % BRYAH RESOURCES LIMITED 20.75 Ordinary Shares on Issue 53,000,000 CS FOURTH NOMINEES PTY LIMITED 8.95 MAGNOLIA ABSOLUTE RETURN FUND II PTY LTD 8.30 Share Price A$0.20 CITICORP NOMINEES PTY LIMITED 8.19 JALEIN PTY LTD 5.19 Options on Issue 1
Slide 4: Corporate Snapshot - Board
CORPORATE SNAPSHOT - BOARD • Ian Stuart Non-Executive Chairman • Stephen Strubel Mr Stuart is a geologist by profession with experience in both • Non-Executive Director the finance and mining industries. He holds an Honours degree Mr Strubel completed a Bachelor of Business in Banking and in Geology
Slide 5: Corporate Snapshot - Executive
CORPORATE SNAPSHOT - EXECUTIVE • Greg Almond Chief Executive Officer Mr Almond is a geologist by profession with experience in the mining industry in Australia and around the world. He holds a degree in Geology and Geography and is a member of the Greg Almond AusIMM. Greg has extensive experience in
Slide 6: Why Star?
WHY STAR? • Focused on gold and copper • Gold resource, ready to bring into production quickly • Rapid move towards mining (Low CAPEX model) • Strong support structure – backing from ASX:Bryah and ASX:AVL means we can punch above our weight
Slide 7: Projects
PROJECTS • Advanced Tumblegum South Project, approximately 40km south of Meekatharra • Gold resource, ready to quickly bring into production • The 349km2 West Bryah Project approximately, 140km north of Meekatharra • Exciting exploration potential in a world class area
Slide 8: Operational Activities
OPERATIONAL ACTIVITIES Very rapid mobilisation to site: • Staff & Contractors mobilised to site 2 days after listing Site Works: • Pad prep completed • 2 Phases of Drilling, logging and sampling completed at TGS • Soil sampling and Ground Mag at West Bryah
Slide 9: Tumblegum South Drilling
TUMBLEGUM SOUTH DRILLING • Completed two phases of Tumblegum South drilling: ⚬ 25 holes for 1,994m ⚬ 19 holes for 2,669m • Both longer than the planned meterage due to extension of holes because of mineralisation DRILLING AND RESULTS: Pit Infill • All holes complete • 7 holes extended due to mineral
Slide 10: Tumblegum South Results
TUMBLEGUM Hole_ID Depth_From Depth_To Interval Au_ppm Total grams TGRC007 104 106 2 2.29 4.58 TGRC008 111 113 2 3.47 6.94 SOUTH RESULTS TGRC008 147 151 4 3.94 15.76 TGRC012 47 49 2 5.42 10.84 TGRC013 63 77 14 2.49 34.86 TGRC013 96 100 4 2.74 10.96 TGRC014 109 113 4 6.9 27.6 Tumblegum South Results1
Slide 11: Tumblegum South Results
TUMBLEGUM Hole_ID Depth_From Depth_To Interval Au_ppm Total grams SOUTH RESULTS 90 91 1 0.62 0.62 96 98 2 2.21 4.42 106 107 1 0.51 0.51 111 113 2 3.47 6.94 Tumblegum South Results1 TGRC008 116 117 1 0.49 0.49 All significant intercepts from TGRC008: 124 126 2 0.97 1.94 129 132 3 0.6 1.8 144 145 1 1.
Slide 12: Tumblegum South Drilling Phase 1
TUMBLEGUM SOUTH DRILLING Phase 1 Collars, and selected intercepts. Note: Section line A-AA’ Note: TGRC008
Slide 13: Tumblegum South Drilling Phase 2
TUMBLEGUM SOUTH DRILLING Phase 2 Collars, still awaiting assays.
Slide 14: Tumblegum South Drilling - Inferred Mineral Resource
TUMBLEGUM SOUTH DRILLING Inferred Mineral Resource 600,000 tonnes @ 2.2 g/t Au Collars, drillhole trace and selected for 42,500 ounces gold intercepts along Section A-AA using a cut-off grade of 0.3g/t Au Bold red is >0.5 g/t Au, the dashed line and shading is the >0.1 g/t Au mineralised envelope
Slide 15: Corporate Activities
CORPORATE ACTIVITIES FOR CURRENT PROJECTS BUSINESS DEVELOPMENT Contracts for Bureau Veritas (assays) and Range of discussions with a number of parties Impact Drilling (RC Drilling). regarding development of Tumblegum South – all options on table. Updating Exploration Operation Potential small scale
Slide 16: Star + Star of the East
STAR + Star of the East • New historical (non-JORC) gold resource, ready to quickly bring up to modern standards. • Historical production of 27,700 oz, Tumblegum South • Fits with the Tumblegum South Star of the East project and approach – Rapid move towards mining (Low CAPEX model) • Only 2km away
Slide 17: Next Steps
NEXT STEPS For Current Projects • Complete Tumblegum South work (after Phase 2 assay return and modelling completed) + Star of the East Drilling • Commence West Bryah activities – to be planned in collaboration with Bryah Resources Limited (ASX: BYH), to achieve the aims set out in the prospectus, n
Slide 18: Indicative Activities
INDICATIVE ACTIVITIES AS PER PROSPECTUS Total Spend (on Year 1 Year 2 $5M raise) Tumblegum South $1,215,500 $962,500 $2,178,000 Planned activities are underway, and will continue West Bryah $412,500 $467,500 $880,000 as set out in the IPO Costs of Offer $517,503 $517,503 Prospectus Transfer Duty $17
Slide 19: Opportunities: West Bryah Project is Priority for Future Efforts
OPPORTUNITIES: WEST BRYAH PROJECT IS PRIORITY 1 FOR FUTURE EFFORTS • Soil Sampling • Reconnaissance Work • Initial Drilling Targets OTHER OPTIONS AS MACRO CHANGES (UKRAINE/RUSSIA) PLAY OUT 17
Slide 20: Production Pathway for SMS
PRODUCTION PATHWAY FOR SMS EXPLORE BUILD MINING Resource Development Low CAPEX Model – simple ML granted, approval process in completed – in modelling contract to strip and mine TGS, place, disturbed ground, no flora, and engineering phase and JV/Profit-share/mine-gate ore fauna or native title sale
Slide 21: Summary
SUMMARY Star Minerals has completed Activities at Tumblegum Corporate activities will the first phase of drilling South and West Bryah remain focused on activities at Tumblegum South will accelerate over the finalising next steps at Gold Project, with assay results next 6 months Tumblegum South and
Slide 22: About Star Minerals Limited
About Star Minerals Limited SMS is focused on development and exploration of its copper and gold projects. The Company will be using the data gathered to complete the required works to bring the Tumblegum South project up to the necessary level for a decision to mine to be made. In addition, it will
Slide 23: Contact us
MAILING ADDRESS Level 1, 85 Havelock Street, West Perth WA 6005 Contact us EMAIL ADDRESS info@starminerals.com.au PHONE NUMBER +61 (08) 9226 1860