Estrella Resources Limited · ASX:ESR
Estrella Resources — Investor Presentation (August 2020)
14 slides from Estrella Resources's investor presentation, Aug 18, 2020
Slide 1: Carr Boyd Nickel Project Overview
CARR BOYD NICKEL PROJECT OVERVIEW For personal use only Aug 2020 Diamond drilling operations at Carr Boyd Nickel Project AUGUST 2020
Slide 2: Capital Structure
Capital Structure • FPOS - 734,647,797** Major Shareholders For personal use only • Options - 14,000,000 3c exercise Nov 2022 • Directors / Management 10% - 5,500,000 5c exercise May 2021 • Sunset Capital Pty Ltd 5% - 250,980,328 5c exercise June 2021 • Apollo Resources Pty Ltd 8% - 400,000,000**2c
Slide 3: Carr Boyd - History
Carr Boyd - History Carr Boyd Nickel Project (CBNP) Timeline • For personal use only Located 80km NNE of Kalgoorlie; 20km from Black Swan/Silver Swan Mines. • Discovered by Great Boulder Mines Ltd and North Kalgurli JV between 1969 – 1972. • GBM and NK acquired by WMC, mined 1973-1977. • WMC dropped
Slide 4: Introduction
Carr Boyd- Introduction Carr Boyd Nickel Project (CBNP) For personal use only • 100% owned Ni/Cu Project. • Layered intrusion similar to Nova-Bollinger - mineralised with Ni/Cu sulphides. • Estrella has been methodically exploring since late 2017. • Recent RC drill assay results highlight presence o
Slide 5: Mine Source?
Carr Boyd- Mine Source? Carr Boyd underground mine with brecciated Ni-Cu sulphide ore in roof and pillar For personal use only Mined from 1973 to 1977 by WMC • Total production: 202,100t at 1.43% Ni and 0.46% Cu producing a 9.7% Ni concentrate. • High tenor nickel mineralisation is confined to coars
Slide 6: Carr Boyd - Mineralisation Tenor
For personal use only Carr Boyd- Mineralisation Tenor • Pyrrhotite is the dominant sulphide phase with pentlandite (Ni), chalcopyrite (Cu) and pyrite (Fe). • Carr Boyd massive sulphide typically grades 6% nickel and 2% Copper (before mining dilution). • Nickel tenor in a similar range to Nova-Bollin
Slide 7: New Targets
Carr Boyd- New Targets 100% Ownership: Contiguous tenure covering 259km2 For personal use only • Project comprises 3 Mining Licences, 7 Exploration Licences & 1 Miscellaneous Licence. • Previous explorers only tested the obvious targets. • Modern exploration techniques have been employed looking for
Slide 8: T5 Target Zone
Carr Boyd- T5 Target Zone • Assay results returned from RC drilling at T5 include: For personal use only • 8m @ 1.11% Ni & 0.36% Cu from drill hole CBP042*. • Includes 4m @ 1.60% Ni & 0.31% Cu from matrix sulphide zone. • 1m @ 0.61% Ni & 0.57% Cu from drill hole CBP043*. *Refer to ASX release 8 July
Slide 9: T5 Drilling
Carr Boyd- T5 Drilling • Historic drilling ~400m further to the south, intersected sulphides on the basal contact in drill For personal use only core hole GD124* from 100.89m, returning: • 3.35m @ 0.79% Ni & 0.35% Cu • Includes 0.61m @ 2.12% Ni & 0.56% Cu from matrix sulphides. *Refer to ASX release
Slide 10: T5 Drilling Commenced
Carr Boyd- T5 Drilling Commenced • HPMLTEM survey completed in 2018-2019 identified the T5 For personal use only anomaly ~1km NNW of the Carr Boyd Mine. • RC drilling program (2 holes for 414m) was completed to test the T5 MLTEM anomaly. • DHTEM was completed on both RC holes confirming the in- hole
Slide 11: New Auger Target Zones
Carr Boyd- New Auger Target Zones Auger soil sampling completed in 2020 across Estrella's tenure generated pathfinder For personal use only Nickel (red) and Gold (yellow) vector target zones which are shown over an aeromagnetic image (TMI-RTP). T5 Carr Boyd Mine Carr Boyd Nickel Project, August 2020
Slide 12: Auger Soil Drilling
Carr Boyd- Auger Soil Drilling The 2020 auger drill soil sampling identified Nickel-Cobalt associated For personal use only target zones as well as Gold associated target zones using pathfinder vector elements (lower images). Field investigation, target validation of the targets is underway Drilling
Slide 13: Summary
Summary • Drilling underway at Target 5 Ni/Cu sulphide discovery For personal use only • DHTEM & FLTEM is supportive of additional mineralisation • 4 deep core holes for 2050m is planned to test T5 discovery • Auger drilling has generated additional new Ni/Au Targets Carr Boyd Nickel Project, August
Slide 14: 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
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