Aureka Limited · ASX:AKA
Aureka — Navarre Minerals — Investor Presentation (July 2011)
21 slides from Aureka's investor presentation, July 2011
Slide 1: Investor Update
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Slide 2: Disclaimer
Disclaimer The information contained in this presentation has been provided by Navarre and other sources identified herein. No representation or warranty, express or implied, is made by Navarre or any adviser or any of their respective affiliates or representatives as to the accuracy or completeness
Slide 3: Company overview
Company overview ASX‐listed company focused on gold and base metal projects in Victoria, Australia Exploration success at Bendigo north gold project — Greenfields gold discovery under shallow cover — 10m @ 34.4g Au/t from 37m down‐hole in ACT015, incl. 2m @ 161.2g Au/t — 40km north of world clas
Slide 4: Projects
Projects Ballarat – Bendigo Corridor Bendigo North Project Deep lead & Quartz Reef Au Ballarat South Project Quartz Reef Au Landsborough Fault Corridor Kingston Project Quartz Reef Au Grampians –Stavely Corridor Black Ranges Project VMS Cu – Zn – Au Porphyry Cu –Au 1,400 km2 of tenements
Slide 5: Bendigo North gold project
Bendigo North gold project Under cover greenfields discovery Hidden by shallow cover Geophysics highlights quartz reefs Whitelaw Fault controls gold mineralisation (22Moz Bendigo Goldfield) 3 high‐grade, +1oz Au intercepts in 2km zone at west Tandarra including recent: 10m @34.4g Au/t from
Slide 6: Bendigo North gold project Longitudinal projection
Bendigo North gold project Longitudinal projection Same rocks and style of mineralisation under cover as Bendigo goldfield Large goldfield symmetry to Devonian granites
Slide 7: Bendigo goldfield – historic production
Bendigo goldfield – historic production Total Gold Production (1851 – 1954) 4Moz alluvial gold 18Moz reef gold (average of 14g Au/t) from multiple reefs on parallel anticlines Images courtesy of Unity Mining Ltd website
Slide 8: Bendigo goldfield model
Bendigo goldfield model Schematic cross‐section showing main quartz reef geometries Reef association with crests of anticlines Repetitive geology, structure and quartz reef mineralisation Quartz reefs develop in voids created during folding Images courtesy of Unity Mining Ltd website
Slide 9: Bendigo North gold project
Bendigo North gold project 7km+ zone of gold bearing quartz Cover 20 – 110m thick Additional basement highs identified for drill testing Geophysics detects shallow quartz reefs below cover Potential deep lead gold deposits in buried valleys
Slide 10: West Tandarra prospect
West Tandarra prospect Maximum gold assays 2km + corridor of high‐grade gold identified containing : 1m @ 259.8g Au/t from 104 metres down‐hole in TAC125 1m @ 36.5g Au/t from 64 metres down‐hole in TAC136 10m @ 44.3g Au/t from 37 metres down‐hole in ACT015 These results are interpreted to indi
Slide 11: West Tandarra cross-section
West Tandarra cross-section The basis of this diagram is that it is a geological interpretation based on information obtained from drilling and geophysical surveys and its projection at depth. The location of the reef is an interpretation and it is uncertain if further exploration will result in the
Slide 12: West Tandarra - 3D view of geophysics test area
West Tandarra ‐3D view of geophysics test area
Slide 13: Bendigo North
Bendigo North 7km strike of gold mineralised quartz identified, shallow cover Upside: drill testing of other identified buried hills (basement highs) Trial program of geophysics detects quartz reefs under shallow cover 3 x 1oz Au drill intercepts located in 2km zone at west Tandarra Potent
Slide 14: Kingston gold project
Kingston gold project Historic mining over 1,000m of strike to 75m deep along a wide zone of mineralised quartz stockwork “Cobar‐style” mineralisation signature – high grade gold, silver and lead historically mined Shallow high grade gold intercepts to follow‐up
Slide 15: Black Ranges base metals & gold project
Black Ranges base metals & gold project Similar age volcanics and geology to Tasmania’s Mt Read Volcanics Host to Mt Lyell, Rosebery, Henty & Hellyer Deposits Under‐explored due to poor outcrop and shallow cover Geological model with numerous targets developed over past 3 years Engaged experts o
Slide 16: Ballarat South gold project
Ballarat South gold project Gravity ridge may control gold mineralisation Possible conceptual “Stawell basalt dome” gold target Gravity lines planned to model depth
Slide 17: Objectives for 2011/12
Objectives for 2011/12 January – July $3.5M IPO Completed List on ASX Completed Establish Operations Office Completed Diamond Drill Black Ranges Completed Air‐core Drill Tandarra Completed Trial geophysics Tandarra Completed Interpretation & Modelling Pending July – December 2012
Slide 18: Navarre summary
Navarre summary Bendigo North gold project: We have uncovered a potential new gold district at our Tandarra prospect We are experts in Victorian goldfields geology We plan an aggressive exploration program with a goal of defining a maiden mineral resource by December 2012 Experienced Board a
Slide 19: Experienced board and management
Experienced board and management Kevin Wilson Chairman Rey Resources, Leviathan Resources, Merrill Lynch, Anglo American Geoff McDermott Managing Director Leviathan Resources, MPI Mines, WMC, Rio Tinto John Dorward Non‐executive Director Fronteer Gold, Mineral Deposits, Leviathan Resources, MPI Mine
Slide 20: Corporate
Corporate ASX code NML (listed March 2011) Shares on issue 41.9 M Options 2.42 M Share Price 29c (July 2011) Market Cap $12 M Cash $3.6 M (31 March 2011) Major Shareholders Northgate Minerals Corp 12% Board & Management 30% Top 20 shareholders 62%
Slide 21: Navarre Minerals Limited
Navarre Minerals Limited Level 4, 448 St Kilda Road Melbourne VIC 3004 Tel: 03 9820 5509 Website: www.navarre.com.au Email: [email protected]