Auravelle Metals Limited · ASX:AUV
Auravelle Metals — Sipa Resources — Investor Presentation (July 2019)
22 slides from Auravelle Metals's investor presentation, July 2019
Slide 1: Sipa Resources Limited
Sipa Resources Limited First Mover Mineral Discovery in Australia ame)! Uganda
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: Corporate
CORPORATE Capital Structure Shareholders ASX Code SRI Rodiv NSW P/L Pension Fund 17.6% Shares (Ord.) (03/07/19) 1707m JM Financial 5.2% Post consolidation 1/08/19 142m Moggs Creek Pty Ltd 2.6% Directors & Management 1.4% Share Price (11/07/19) 0.9c Total in top 20 40.0% Market Cap (11/07/19) $15.4m
Slide 4: Strategy
STRATEGY • Sipa’s expertise and track record is in quality greenfields project generation and discovery • Sipa’s aim is to identify and secure first mover positions in under-explored mineral provinces with high potential for significant discoveries • Funding via JV’s, alliances with Majors and strat
Slide 5: Overview – 2 active discoveries
OVERVIEW – 2 active discoveries • Greenfields discovery and project generation in frontier mineral provinces in Uganda and Australia Kitgum Pader Ni, Cu Paterson North Rio Tinto earn in Cu, Au West Australia 5
Slide 6: Overview – 5 new projects
OVERVIEW – 5 new projects • Consistent with our strategy of Bohemia Zn greenfields Barbwire Tce Zn Wolfe Basin Cu discovery in Wallal Cu- Au Clara Au new highly Paterson North Cu- Au prospective areas • Actively looking for partners 6
Slide 7: Paterson North - WA
PATERSON NORTH - WA Sipa was first Located 10km mover when in from Winu, 2016 it secured Sipa has large strategic discovered holding in one of new Copper highest potential Gold discovery prospects at destinations Obelisk and globally Aranea 7
Slide 8: Paterson North - EM
PATERSON NORTH - EM • SkyTEM EM Indian Ocean geophysics is complete. • The survey was designed to help estimate Legend depth to Sipa Tenement SkyTEM survey bedrock and Sipa Prospect Rio Prospect detect Resource sulphides 8
Slide 9: EM survey complete
EM survey complete • Preliminary EM data shows Obelisk and Aranea are associated with late time ANDROMEDA ARANEA conductivity OBELISK SkyTEM Survey anomalies to be WINU drill tested • Gravity shows fundamental structural control 9
Slide 10: Obelisk Drilling, Topography, Mag, Gravity, EM
OBELISK Drilling,Topography, Mag, Gravity,EM 10
Slide 11: Obelisk Cu over Topo
Obelisk Cu over Topo • “Seeing” through sand is the key to future discoveries • Preliminary work indicates that surface geochemistry may be an important discovery tool • Further soil geochem underway 11
Slide 12: Aranea Drilling, Gravity, EM
ARANEA Drilling,Gravity,EM • Preliminary EM data indicates PNA079 Aranea is 28m @274ppm Cu from 92 to EOH associated with including peak assay of 700ppm late time conductivity anomaly largely untested by drilling 12
Slide 13: Kitgum Pader
KITGUM PADER 100km long Belt Identified 14+ scale land nickel prospective holding. Sipa was intrusions first mover in Drilled and 2012 and extended discovered nickel Akelikongo nickel copper sulphides copper sulphide in 2014. JV with discovery Rio Tinto 2018 13
Slide 14: Highlights 2018-9 - Uganda
HIGHLIGHTS 2018-9 - Uganda Rio Tinto farm-in (up to 59M) , Sipa manager, Rio funding. Work commenced August 2018 • 1st phase Gravity surveying, mapping and rock chip sampling of ultramafic intrusive complexes • 10 diamond holes for 4083 metres • 5 holes at Akelikongo, 4/5 holes have extended mineral
Slide 15: Kitgum Pader - Regional
KITGUM PADER - REGIONAL • Goma and Lawiye Adul have similar metallogenic characteristics to Akleikongo. • Akelikongo has a greater degree of crustal contamination that has triggered Sulphur saturation 15
Slide 16: Kitgum Pader JV - Akelikongo
KITGUM PADER JV - Akelikongo • Thick (>100m) continuous widths of 250m disseminated and massive nickel and copper sulphides Disseminated NiS >0.25% “leapfrog” shell + 0.08% Cu • Intrusion now Massive NiS >1% + 0.3% Cu drilled over 700m extending from surface 16
Slide 17: Kitgum Pader JV - Akelikongo
KITGUM PADER JV - Akelikongo • New “eastern” zone emerging • AKD20, 21 targeted using DHEM • AKD022 stepped out 200m • Mineralisation open down plunge 17
Slide 18: Australian Projects - Overview
AUSTRALIAN PROJECTS - Overview WOLFE BASIN (Cu) Sediment hosted Cu NeoProt dolomite CLARA (Au) Possible new gold province Crustal scale structure BOHEMIA (Zn) MVT Zn plus Pb intersections 40km SE of Cadjebut mine Lennard Shelf BARBWIRE TERRACE (Zn) Proved concept Exposure to new MVT province WALLAL
Slide 19: Clara Gold – NW Queensland
Clara Gold – NW Queensland • Emerging intrusion related gold province • Shallow cover Deep crustal structure determined from seismic data • Deep crustal structure 19
Slide 20: Barbwire Terrace, Bohemia – MVT Zinc
Barbwire Terrace, Bohemia –MVT Zinc • Concept proven but little to no work ever done • Zinc mineralising fluids moved both ways out of the Fitzroy Trough and into Lennard Shelf in North and Barbwire in South 20
Slide 21: Barbwire Terrace – is zinc mineralised
Barbwire Terrace – is zinc mineralised • GSWA Core Library Hole WRD1 shows visible sulphide 2% Zinc on (marcasite) PXRF Spot mineralisation in dolomitised upper Devonian Carbonate rocks with Zinc up to 2% detected on portable XRF 21
Slide 22: News flow and Plan forward
News flow and Plan forward • Paterson - Skytem EM geophysical survey complete • Paterson - surface soil geochemical study continuing • Paterson - EIS co-funded drilling – August • Uganda - DHEM and AMT at Akelikongo • Barbwire Tce - Targeting • Clara - Data compilation and interpretation, targeting