Aureka Limited · ASX:AKA
Aureka — Navarre Minerals — Shareholder Meeting (November 2014)
19 slides from Aureka's shareholder meeting presentation, Nov 21, 2014
Slide 1: 2014 Annual General Meeting Company Update
2014 Annual General Meeting Company Update Melbourne, 21 November 2014 ASX: NML
Slide 2: Forward-looking statement & disclaimer
Navarre Minerals Ltd ASX:NML Forward-looking statement & disclaimer The information contained in this presentation is provided by Navarre Minerals Limited (Navarre) and other sources identified herein. No representation or warranty, express or implied, is made by Navarre or any adviser or any of the
Slide 3: Corporate overview
Navarre Minerals Ltd ASX:NML Corporate overview ASX CODE: NML Major Shareholders Crocodile Gold Corp 14% Cash A$0.9M# Board & management 21% 72.6m Ordinary Shares on Issue John Darroch & family 4% Lujeta Pty Ltd 3% Market Capitalisation: Top 20 57% Approx. A$2.9m* *based on $0.04 share price
Slide 4: Company objectives
Navarre Minerals Ltd ASX:NML Company objectives We are a Victorian-based resources company unlocking the gold & copper potential of western Victoria’s emerging and proven mineral corridors Our Objective is to create shareholder value by: 1. Discovery of a large low-cost copper deposits in the emergi
Slide 5: Significant milestones 2013/14
Navarre Minerals Ltd ASX:NML Significant milestones 2013/14 Exploration Broad intervals of copper & gold intersected in two drill programs highlight potential for large deposits at depth at Eclipse Porphyry copper and VMS potential identified at Lexington and Glenlyle prospects New Stawell-s
Slide 6: Emergence of two key projects
Navarre Minerals Ltd ASX:NML Emergence of two key projects Two adjacent mineral belts close to existing mine infrastructure Western Victoria Copper Project (Miga Arc) Eclipse prospect Volcanic Massive Sulphide (VMS) Porphyry copper - gold Stawell Corridor Gold Project Tatyoon’s Grange pr
Slide 7: Western Victoria Copper Project
Western Victoria Copper Project Total area 964km² 100%-owned 130kms of volcanics with no deep drill holes Four porphyry / VMS prospects: Eclipse Lexington Pollockdale Glenlyle IP geophysics survey & two RC drill programs completed at Eclipse Gravity survey, geological mapping & s
Slide 8: Eclipse Prospect
Eclipse Prospect Geophysics locates 3 large targets: 2 Long Section undrilled; no deep drilling Shallow drilling at Target 1: Discovery of enriched copper (chalcocite) starting 30m below surface Discovery of broad gold & copper zones up to 5.6g/t gold & 2.8% copper Gold & copper is part of
Slide 9: Eclipse Prospect
Navarre Minerals Ltd ASX:NML Eclipse Prospect IP survey indicates copper & gold, intersected in shallow drilling, is part of a deeper mineral system Chalcocite (enriched copper) formed from weathering of deeper body of pyritic copper- gold-zinc mineralisation Broad zones of primary copper, gold,
Slide 10: Western Victoria Copper Project
Navarre Minerals Ltd ASX:NML Western Victoria Copper Project VMS copper potential at depth at Eclipse Target 1 Eclipse Targets 2 & 3 remain to be drill tested – VMS & porphyry- copper potential Porphyry- copper targets are emerging at Stavely and Black Range licences New Glenlyle Project acq
Slide 11: Stawell Corridor Gold Project
Stawell Corridor Gold Project 90% of ‘Corridor’ under cover - only surfaces at Stawell & Ararat (both sides of The Great Divide) 6 Moz gold production - mainly from Stawell Stawell’s Magdala-type gold on flanks of large basalt domes Gold is finer grained, more continuous & more predictable t
Slide 12: Tatyoon gold discovery
Leviathan Resources ASX release, October 2005 Tatyoon gold discovery Discovered in 2004 Gravity surveys followed by scout air-core drilling AAC021 – 20m at 0.5 g/t gold from 35m, inc. 5m at 1.4 g/t gold AAC021 – 2m at 2.6 g/t gold from 66m 20m @ 0.5 g Au/t 3 diamond holes confirm Magdala-s
Slide 13: Tatyoon gravity modelling
Tatyoon gravity modelling Gravity modelling highlights 3 shallow basalt dome structures approx. 30-40m below surface Similar dimensions to Stawell’s Magdala Gold Mine Shallow open pit & underground potential Open farmland 13
Slide 14: Grange Basalt Dome Exploration Targets
Navarre Minerals Ltd ASX:NML Grange Basalt Dome Exploration Targets NML’s gravity model West Flank Exploration Target > 1.5km long target assume 3m - 5m thick target assume 50% vol. payable ~ 6-10 Mt assume 4-6 g/t gold ~ 0.8 -1.9Moz Gold in Drill Holes AAC0021: 2 m @ 2.6 g/t Au 20 m @ 0.5 g/t A
Slide 15: Basalt – size matters
Navarre Minerals Ltd ASX:NML Basalt – size matters West flank = 80% gold production Target 4 west Target 2 Target 3 flank target Comparison, at the same scale, of Magdala Gold Mine and Grange prospect (with IP chargeability targets in red) 18
Slide 16: Stawell Gold Corridor – Tatyoon Potential
Navarre Minerals Ltd ASX:NML Stawell Gold Corridor – Tatyoon Potential Tatyoon’s Grange prospect – a compelling exploration target Rapid advancement of new gold project with shallow ‘drill ready’ gold targets Identification of oxide (35m to 80m) and deeper sulphide targets (80 to +200m) of Stawe
Slide 17: 2015 Proposed Exploration Program
Navarre Minerals Ltd ASX:NML 2015 Proposed Exploration Program Stawell Corridor Gold Project: 2,500m RC / diamond drill program – Grange & Hermitage Infill gravity survey at Shiraz IP geophysics at Shiraz & Hermitage if warranted by drill results Western Victoria Copper Project: Plan deeper
Slide 18: Summary
Navarre Minerals Ltd ASX:NML Summary Miga Arc, an emerging Cu-Au porphyry / VMS province with large deposit potential Miga Arc similar to Macquarie Arc’s Cadia Valley & North Parkes region at early-stage exploration Planning deeper drilling at Eclipse with potential support from Vic Gov’t TARG
Slide 19: Thank You
Navarre Minerals Ltd ASX:NML Navarre Minerals Limited Thank You Contact Us: Navarre Minerals Limited Geoff McDermott 40-44 Wimmera Street Stawell VIC Australia 3380 Tel: 03 5358 8625 Website: www.navarre.com.au Email: [email protected] 19
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