Strickland Metals Ltd · ASX:STK
Strickland Metals — Alloy Resources — Shareholder Meeting (November 2011)
15 slides from Strickland Metals's shareholder meeting presentation, Nov 30, 2011
Slide 1: Re-emerging with a focus on Gold and Base Metals
Re‐emerging with a focus on Gold and Base Metals
Slide 2: Strong Board
Strong Board Peter Harold – Non‐Executive Chairman M.D of Panoramic Resources Limited – ASX 200 Company, p y, Australian nickel producer. p Process Engineer with 22 years Corporate experience. Andy Viner – Managing Director Geologist with 30 years experience, including 10 years Executive Corporate e
Slide 3: Clear Vision
Clear Vision Focussed on priority W.A Horse Well Gold Project 100,000 oz of Gold Resources 1,639 square kilometres of 100% tenure adjacent to +2Moz Jundee Gold Mine Aggressive Exploration on new gold discovery areas W Warmblood bl d – Filly Fill di discoveries i iin 2011 32m @ 3.9 g/t Au & 4
Slide 4: Market Statistics
Market Statistics Issued Shares 186 million Options (4.5c Sep 2014) 3.5 million (25 Nov (25c N 2012) 4 million illi Market Cap (@ 2.5c) $4.65 million Cash (at mid November) $1.6 million TOP 10 Shareholders NAKURU RES PL DIR 8,000,000 4.30% PAGODATREE INV LTD 6,926,580 3.72% MEYERS JAYSON B + J L DIR
Slide 5: Current Projects - Location
Current Projects - Location Gold'+ Base Metals ( \ ALLOY RESOURCES LIMITED Project Locations Gold + Base Metals NEW 2 ZEALAND a Minerals Sands)” Alloy Resources LiMiTED ABN 20 109 361 195
Slide 6: Project Status
Project Status Horse Well Gold Project ‐ WA • Priority Project Cootamundra Project – NSW • Copper‐Gold‐Manganese Copper Gold Manganese in Lachlan achlan Fold Belt elt • 8 kilometre Au‐Cu soil and drill anomaly – Cadia style Porphyry Target • Add value before farm‐out Barrytown Mineral Sands Project
Slide 7: Horse Well Gold Project
Horse Well Gold Project No. 1 priority Project for the Company NE Goldfields Western Australia; 70 km north of +2Moz Jundee Mine L Largest llandholding dh ldi adjacent dj to Jundee J d Typical greenstone hosted mineralisation 100,000 oz gold resource – 90% Indicated; 1 054 000 tonnes @ 2.91
Slide 8: Horse Well - Exploration
Horse Well ‐ Exploration Alloy Exploration; Minimal exploration since listing in 2006 W low Was l priority i it project j t Drilling in 2011 makes discoveries WARMBLOOD DISCOVERY – MAY 2011; 32m @ 3.9 3 9 g/t & 40m @ 3.4 3 4 g/t from surface On two lines 50m apart OPEN – North and 10 km
Slide 9: Horse Well – Exploration Planned
Horse Well – Exploration Planned Warmblood Trend; 800 metre mineralised trend P t ti l up to Potential t 2k 2km strike t ik 10‐15 wide averaging ~ 3g/t Au from surface 10m @ 24.3g/t Au at Filly SW – H.G shoots Drilling in December 2011; 40 x 20m RC on 250m Filly SW southern extension Pot
Slide 10: Horse Well - Future
Horse Well ‐ Future 2012; Drilling Focus on new Discovery areas Air‐core Air core drill ‐ infill and extension extension, RC follow‐up follow up Expand Resources toward 250‐500,000 ounces Surface Geochemistry Test Warmblood – Millrose structural trend Soil sample 10km south of Warmblood –
Slide 11: Cootamundra Project
Cootamundra Project Project priority under review NSW multi commodity project; Granted exploration permits 120 km k north h west off Canberra C b Geology; Within prospective Lachlan Fold belt Copper‐gold pp g – 8km soil/drill / anomalyy Historical 15‐30m interv @ 0.3% Cu, 0.3 g/t Au Simila
Slide 12: Barrytown Mineral Sands Project
Barrytown Mineral Sands Project Project to be divested NZ mineral sand project; Granted exploration permit 28 kilometres north of Greymouth harbour Young beach placer deposits Exploration Target; 30 years of historical data Exploration Target of 80 to 100 million tonnes @ 11‐13% 3% ilmenit
Slide 13: Going Forward
Going Forward Aggressive Gold Exploration at Horse Well December 2011 drilling Focus on Warmblood trend ‐ 32m @ 3.9 g/t & 40m @ 3.4 g/t from surface 2 km strike of Warmblood trend to be drill tested in 2012 Continuous results to market – January/February results. Re‐start exploration in Marc
Slide 14: Company Statements
Company Statements * Exploration Target The Barrytown exploration target mineralization tonnage and grade is conceptual in nature and based upon historic hi t i records d as wellll as geological l i l interpretations. i t t ti At this thi stage t th there h been has b i ffi i t insufficient explorat
Slide 15: Company Statements continued
Company Statements continued Mineral Resources The resources in this release are based on work carried out by Dr. S. Carras FAusIMM of Carras Mining Pty Ltd Dr. Ltd. D Carras C h 30 years off experience has i which hi h is i relevant l t to t the th style t l off mineralisation i li ti andd type t o
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