Strickland Metals Ltd · ASX:STK
Strickland Metals — Alloy Resources — Investor Presentation (August 2016)
22 slides from Strickland Metals's investor presentation, August 2016
Slide 1: Going for Gold, Silver and Bronze
www.alloyres.com.au ABN: 20 109 361 195 ASX: AYR Going for Gold, Silver and Bronze
Slide 2: Company Disclaimer and Statements
2 of 22 Company Disclaimer and Statements Disclaimer This presentation has been prepared by Alloy Resources Limited (“Alloy”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third pa
Slide 3: An Active Mineral Explorer
3 of 22 An Active Mineral Explorer • Alloy Resources is a Mineral Explorer with projects across Australia. • Our flagship project is the Horse Well Joint Venture with Doray Minerals in W.A. • This project is located 50 kilometres from Northern Star Limited’s 220,000 ounce/per annum Jundee Gold Mine.
Slide 4: A Western Australian Based Exploration Company
4 of 22 A Western Australian Based Exploration Company Board of Directors Andy Viner Executive Chairman – Exploration Geologist Matsa Resources, Jackson Gold, Gindalbie Metals, RSG Kevin Hart Non-Executive Director and Company Secretary Gold Road Resources, Dacian Gold, Encounter Resources Andre Mar
Slide 5: Horse Well Gold Project
5 of 22 Horse Well Gold Project • Large 1,000 km2 Gold Exploration play • Located in the north-eastern goldfields of Western Australia • The region hosts major gold deposits at Jundee, Wiluna and Bronzewing. • 60 strike kilometres of the Millrose Greenstone Belt (same geology as Yandal belt) • On pa
Slide 6: Project Status
6 of 22 Project Status • Extensive greenstone belt up to 10 kilometres wide, with granite intrusives and a major central fault structure. Dawn Prospects • Over 80% of the project is covered by transported sand meaning exploration requires aeromagnetic survey mapping and then drilling of targets • Th
Slide 7: Northern Dawn Prospect Areas
7 of 22 Northern Dawn Prospect Areas Mid 2014 status – 60% farm-out to Doray • Under-explored sand covered northern half of project • Dusk til Dawn and Crack o’ Dawn prospects defined by Eagle Mining in the mid 1990’s • Alloy reassessed and completed detailed aeromagnetics and follow-up drilling of
Slide 8: Dusk til Dawn prospect - proof of potential
8 of 22 Dusk til Dawn prospect - proof of potential • “Granny Smith style” gold mineralisation on granite contact • Three RC programs have now defined mineralisation over 300 metre strike and south east plunge (refer ASX release: September Quarterly Report 28/10/2015) • Zones of high-grade mineralis
Slide 9: Large New Gold Trends Discovered
9 of 22 Large New Gold Trends Discovered December Qtr 2015 to June Qtr 2016 Extensive drill programs totalling 23,000 metres of regional air- core and 4,500 metres of RC have been completed: Django Prospect (T-06 Magnetic Target) • Air-core drill lines to 200m x 50m confirmed two new gold trends (+1
Slide 10: New Django Trend Mineralisation
10 of 22 New Django Trend Mineralisation At the Django Prospect extensive but low-grade gold mineralisation has been defined by initial air-core drilling and follow-up RC drilling. Gold mineralisation extends over 3 kilometres and is open to the north and south; • Highly anomalous results such as 15
Slide 11: Southern Horse Prospect Area
11 of 22 Southern Horse Prospect Area Status • 75,000 oz Inferred Gold Resources 1 • Mineralisation is shallow (< 130m) and largely oxide • New Warmblood Discovery in 2012/2013 Upside • Warmblood drilling only in oxide and gold appears to be from narrow high-grade shoots with shallow northerly plung
Slide 12: Exploration Strategy
12 of 22 Exploration Strategy The Joint Venture is committed to an aggressive ongoing exploration program The AIM • To locate 1 million ounces of Gold Mineral Resources to 7 km strike support a 100koz per annum operation untested • Concentrate on finding ‘large or strong’ new areas of gold mineralis
Slide 13: 29,000 metre AC drill program now underway
13 of 22 29,000 metre AC drill program now underway September –December Qtr 2016 Extensive drill programs totalling 29,000 metres of regional and infill air-core drilling has commenced: Crack of Dawn Granite – Big Kahuna Prospect • Possible mirror image of Dusk til Dawn prospect on the NE side of th
Slide 14: 29,000 metre AC drill program now underway
14 of 22 29,000 metre AC drill program now underway First pass drilling of seven kilometres strike of unexplored greenstone • Mostly 800 metre spaced lines and 160 metre spaced holes • Infills to the south of Django down to anomalous 1990’s Eagle drilling • Numerous ‘aeromagnetic’ targets will be te
Slide 15: Company Growth Strategy
15 of 22 Company Growth Strategy The Company is actively utilising its knowledge base to secure new Projects Strategy: • Low-cost by pegging or Option Agreements • Prospective projects in high demand commodity • Close to major mines • Four new projects have been generated
Slide 16: Telfer West – W.A
16 of 22 Telfer West – W.A Telfer West – Copper + Gold • Large 368 km2 Exploration Licence Application. • Located only 30 kilometres north-west of Telfer Operations, and • Only 15 kilometres west of Antipa Minerals Minyari Gold Prospect • Limited air-core drilling in 1990’s by BHP and Gindalbie Gold
Slide 17: Kurnalpi South – W.A
17 of 22 Kurnalpi South – W.A Kurnalpi South • A 190 square kilometre Exploration Licence Application located 60 kilometres east of Kalgoorlie. • Interpreted to be on major structures that may control gold mineralisation to the south at the Randalls Project (1 Moz) and north at the Carosue Dam Proje
Slide 18: Eastern States Projects
18 of 22 Eastern States Projects Martins Well – South Australia • Looking for high-grade copper and silver. Ophara – Broken Hill west - NSW • Cobalt – Gold • Broken Hill style Zinc-Lead-Silver
Slide 19: Ophara Project – Broken Hill West
19 of 22 Ophara Project – Broken Hill West Ophara, Broken Hill West - Cobalt + Gold • Opportunistic pegging of 256 km2 ELA • Great Goulburn Co-Au-Cu prospect is principal prospect • Mineralisation style similar to Mutooroo (Havilah) deposit 10 km south-west and Thackaringa Cobalt (BPL) project 10 ki
Slide 20: Martins Well Project
20 of 22 Martins Well Project Martins Well Project S.A – Copper, Silver • Main target is the Mammoth Black Ridge prospect - Outcropping siderite-sulphide gossans extending over a 1.5km strike. • Historical Diamond hole intersected 20.27m @ 0.26% Cu from 69 metres down hole in highly weathered and de
Slide 21: SUMMARY
21 of 22 SUMMARY A Highly Leveraged Investment Opportunity A SERIOUS JV Partner - Doray is a gold miner and developer DRILLING NOW - completing a 29,000 metre AC program at Horse Well. BIG TARGETS - from outstanding exploration results and large holdings STRATEGIC LOCATIONS- Geological and G
Slide 22: Company Statements
22 of 22 Company Statements Horse Well JORC 2012 Inferred Resource (refer September 2015 Quarterly Report) Area Tonnes Grade (g/t) Ounces Palomino 554,000 2.45 43,600 Filly SW 85,800 8.24 22,700 Filly 206,000 1.32 8,700 TOTAL 846,000 2.76 75,100 Notes: • All figures are rounded to reflect appropriat
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