Auravelle Metals Limited · ASX:AUV
Auravelle Metals — Sipa Resources — Melbourne Mining Club September 2018
20 slides from Auravelle Metals's conference presentation, September 2018
Slide 1: Mineral discoveries in Ugandan and Australian frontiers
Mineral discoveries in Ugandan and Australian frontiers Melbourne Mining Club September 2018 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 • Sipa is a first mover in under explored frontier mineral provinces • High quality exploration projects • Ugandan nickel copper sulphide discovery • Emerging copper gold discovery at Paterson North Very high >75% of funds spent in the ground. Strong technical direction. Looking for large d
Slide 4: Royalty Portfolio
ROYALTY PORTFOLIO Portfolio a legacy of discovery track record • Sulphur Springs copper-zinc (Venturex *, DFS Q3 2018) valued at $3.7m • Panorama – Kangaroo Caves (Venturex**) • Ashburton Gold Deposit mined 1999-2004 1.7 million ounces (Northern Star***) • Enigma Copper (Sandfire, ****) * $2 each to
Slide 5: Corporate
CORPORATE Capital Structure Shareholders ASX Code SRI JM Financial 8.6% Shares (Ord.) (10/09/18) 1201m Rodiv NSW P/L Pension Fund 5.2% Share Price (10/09/18) 1.1c Directors & Management 1.3% Market Cap (10/09/18) $13.2m Total in top 20 29.0% Cash (at 30/06/18) $2.2m Board Tim Kennedy Chairman Lynda
Slide 6: Highlights 2018 - Uganda
HIGHLIGHTS 2018 - UGANDA Landmark Farm-in and JV Agreement with Rio Tinto validates Sipa’s exploration strategy Deal Terms • Staged Option to earn up to 75% by spending up to US$57M (A$73M) Plus cash of up to US$2M • Sipa to manage exploration for the initial period of 18 months • Gravity surveying
Slide 7: Kitgum Pader Project - Uganda
KITGUM PADER PROJECT - UGANDA Belt scale project on NE Congo craton margin • Analogous geological setting to other intrusive hosted nickel and copper sulphide deposits such as Nova (Yilgarn Craton Margin) 7
Slide 8: Nickel Province Exposure
NICKEL PROVINCE EXPOSURE • 2500 sq km land holding • 100 km belt contains up to 14 nickel anomalous prospective intrusions • 2 (Akelikongo and Akelikongo West ) have known Ni-Cu sulphides
Slide 9: Discovery History
a DISCOVERY HISTORY f a) Sipa Resources Limited EAST AFRICA - MAGNETIC IMAGE MERGE GRRE ae Data Field Tenement Tenements Soil Collation Recce Applic. Granted Sampling Commenced fil Ni Sulphides Drilled June Pb - Zn Sulphides Drilled July 2011 2012 2013 2014
Slide 10: NiS first hole – June 2014
NI$ first hole – June 2014 Discovery Pile 36-38m LMR002
Slide 11: Kitgum Pader Project - Uganda
KITGUM PADER PROJECT - Uganda • Nickel Sulphide AKD017 discovery at Akelikongo 250m • Thick (>100m) continuous widths of disseminated Red - Disseminated NiS >0.25% “leapfrog” and massive shell + 0.08% Cu Nickel and Copper Yellow - Massive NiS >1% + 0.3% Cu sulphides • Extends at least 400m from surf
Slide 12: AKD 017 84.5m @ 0.37% Ni 0.16% Cu
AKD 017 84.5m @ 0.37% Ni 0.16% Cu 215.1m 216.1m 217.2 m 217.9m 218.3m 219.15 m
Slide 13: Strong Community Presence
STRONG COMMUNITY PRESENCE • Focussed on empowering girls to stay at school through Days for Girls feminine hygiene and education • Distributed over 3000 kits to girls at over 31 schools in 3 years
Slide 14: Paterson North Project WA
PATERSON NORTH PROJECT WA • Key commodities gold copper • Key land position in an emerging and world class gold and copper mineralised belt (Telfer at 25Moz is world class) • Paterson North until around 2015 was almost unexplored
Slide 15: Competitor Tenements
COMPETITOR TENEMENTS • Sipa exploring here since 2016 “This is the hottest land position in the country, with strong activity in 2018 by Rio Antipa and Encounter”
Slide 16: Paterson North – Regional Targets
PATERSON NORTH – Regional Targets • Drilled 29 holes for 3462m • New Copper anomalous zone at Aranea >2km • Obelisk Copper extended to the south
Slide 17: Paterson North – Aranea
PATERSON NORTH – Aranea • PNA075 has gossanous ironstone in bedrock • 3 other strongly anomalous holes • >2km strike length • On margin of gravity high
Slide 18: Paterson North – Obelisk
PATERSON NORTH – Obelisk • Copper anomalism now extended by over 500m 18
Slide 19: Paterson North – Obelisk
PATERSON NORTH – Obelisk • Copper plus Au- Mo-Bi-W-Ag >2km long anomaly • Peak of anomaly untested 250m along strike from PNA070 planned for this field season
Slide 20: Plan Forward – Strong Newsflow
PLAN FORWARD – Strong Newsflow Paterson Diamond Drilling at Obelisk under EIS co-funded project grant to commence imminently Uganda Geochemistry mapping and gravity over 14 nickel targets/intrusions underway with diamond drill testing later in 2018. Barbwire Terrace MVT Zinc Data Compilation on new
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