Estrella Resources Limited · ASX:ESR
Estrella Resources — Investor Presentation (September 2021)
19 slides from Estrella Resources's investor presentation, Sep 6, 2021
Slide 1: Target = World Class High Quality Nickel Sulphide Resource
For personal use only ASX:ESR TARGET = WORLD CLASS HIGH QUALITY NICKEL SULPHIDE RESOURCE INVESTOR PRESENTATION SEPTEMBER 2021 1
Slide 2: Disclaimer & Declaration
DISCLAIMER & DECLARATION This presentation has been prepared by Estrella Resources Limited (“ESR”) as a summary of the company’s exploration and development activities, with particular reference to the Carr Boyd Ni/Cu Project near Kalgoorlie, WA. For personal use only No Offer of Securities The pres
Slide 3: Executive Summary
EXECUTIVE SUMMARY For personal use only Estrella Resources is a WA-focussed nickel exploration company in a Tier-1 mining jurisdiction Acquired 100% ownership of Carr Boyd Intrusive Complex (2017) including the ex-WMC Carr Boyd Rocks Nickel Mine Have full regulatory and environmental approvals
Slide 4: EV Demand Driving Nickel Outlook
EV Demand Driving Nickel Outlook Ni Price Forecast 20,000 For personal use only 16,000 12,000 Nickel has seen an increase in demand in correlation 8,000 with the growing importance of electric vehicles (EV) 4,000 Strong growth in EV production and demand with Nickel, $/t 0 2015 2016 2017 2018 20
Slide 5: Carr Boyd Overview
CARR BOYD OVERVIEW For personal use only 100% owned Ni-Cu-PGE Project Continuous tenure covering 259km2 3 Mining Licenses and 6 Exploration ESTRELLA RESOURCES Licenses cover entire 75km2 mafic and ultramafic igneous complex with multiple nickel and copper sulphide occurrences – most significan
Slide 6: Carr Boyd - History
CARR BOYD - HISTORY For personal use only Apollo sell Carr Boyd fully Pallinghurst Placed into new ASX Titan JV to Carr Boyd funded, GBM and NK acquired sell WA assets float Defiance Mining Yilgarn Mining to Estrella progressing by WMC, mined from to Salt Lake (1987) additional areas (2006) Resource
Slide 7: Carr Boyd Igneous Complex
CARR BOYD IGNEOUS COMPLEX For personal use only Economic nickel-sulphide potential within the ancient Carr Boyd Igneous Complex has been significantly re-rated after Estrella’s discovery, ending a 50-year slumber Estrella Resources accomplished this by ESTRELLA RESOURCES applying a new geologica
Slide 8: Current Geological Model Enhances Exploration
CURRENT GEOLOGICAL MODEL ENHANCES EXPLORATION For personal use only Carr Boyd pyroxenite feeder zones (intrusions) assimilated sulphides as they rose to surface approx. 2.65 M.y.a. (older than Kambalda) This assimilation results in ESTRELLA RESOURCES nickel sulphides forming which accumulate thr
Slide 9: Carr Boyd Mine
CARR BOYD MINE Mined from 1973 to 1977 by WMC For personal use only The ore pipes are located some 400m laterally from the T5 basal contact within a gabbro host rock Total production was 202,100t at 1.43% Ni and 0.46% Cu, producing a 9.7% Ni concentrate Four ore pipes have been located so far,
Slide 10: Current Geological Model Minimises Risk
CURRENT GEOLOGICAL MODEL MINIMISES RISK For personal use only 99.9% of economic intrusive nickel deposits occur within basal contact trap positions Historic exploration mainly focussed on ESTRELLA RESOURCES the Carr Boyd Pipes, statistically a 0.1% chance of another economic discovery Due to t
Slide 11: T5 Opportunity Plan View
PLAN VIEW B T5 OPPORTUNITY The basal pyroxenite host rock at T5 extends 3.5km north and 1.5km For personal use only south of the current drill position Basal contact testing outside the current T5 drill area (green area centre of image below) has begun Initial scout RC drilling above 300m dept
Slide 12: T5 Discovery - Phase Drilling
T5 DISCOVERY – PHASE 3 & 4 For personal use only Phase 3 drilling successfully determined plunge direction, mineralisation vectors and confirmed basal contact mineralisation ESTRELLA RESOURCES Phase 3 combined close spaced wedge drilling and step-out drilling with DHEM Phase 4 will step North
Slide 13: Carr Boyd Exploration Strategy
CARR BOYD EXPLORATION STRATEGY Near term catalysts and continual news flow For personal use only Carr Boyd Project Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 FY23-FY24 Potential JORC Inferred 2,500m RC to test T5 up-plunge Scoping Studies and JORC Indicated Resource Upper T5 Discovery Area Resource & extension
Slide 14: Investment Opportunity
INVESTMENT OPPORTUNITY For personal use only Active nickel explorer in a tier-1 mining jurisdiction Focused on discovery of a World Class, High Quality, Nickel Sulphide Resource ESTRELLA RESOURCES Using knowledge and technology as a key weapon Experienced board and management in exploration
Slide 15: Experienced Board & Management
EXPERIENCED BOARD & MANAGEMENT LESLIE PEREIRA Experienced investor and businessman with involvement in small companies and maximising their potential value. For personal use only Heavily involved in driving growth of Majestic Resources / Petra Diamonds – now merged with Petra Diamonds – Non-Executiv
Slide 16: Capital Structure (as at September 2021)
CAPITAL STRUCTURE (AS AT 1 September 2021) For personal use only FPOS 1,162,043,740 Options 10,000,000 10c exercise June 2022 5,000,000 5c exercise June 2022 11,500,000 3c exercise Nov 2022 254,363,575 2c exercise July 2023 (ASX: ESROA) 16,600,000 20c exercise Nov 2023 ESTRELLA RESOURCES Convertible
Slide 17: Contact
For personal use only Contact: Chris Daws Managing Director M: +61 8 9481 0389 E: info@estrellaresources.com.au
Slide 18: Phase 2 at T5 - Diamond Drilling Results
PHASE 2 AT T5 – DIAMOND DRILLING RESULTS For personal use only T5 has yielded several highly significant intersections to date2 containing nickel, copper, cobalt, platinum, palladium and silver in the Company’s Phase 2 step-out drilling Phase 2: 6,464m drilled in 13 diamond holes Phase 3: 8,21
Slide 19: Phase 3 at T5 - Diamond Drilling Results
True Hole m From m To Interval Width Ni% Cu% Co% 2PGE ** Ag g/t CBDD048 381.5 388.4 6.9 3.3 0.54 0.26 0.03 0.41 1.10 PHASE 3 AT T5 – DIAMOND including 382.5 383.14 0.64 1.52 0.21 0.08 0.95 1.35 and 385.85 386.2 0.35 1.32 0.36 0.06 0.61 2.10 CBDD049A 386.67 393.58 6.91 3.3 0.75 0.54 0.04 0.48 2.39 in
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