Strickland Metals Ltd · ASX:STK
Strickland Metals — Alloy Resources — RIU Explorers Conference 2017
22 slides from Strickland Metals's conference presentation, Feb 22, 2017
Slide 1: Gold & Cobalt Explorer
Gold & Cobalt Explorer RIU Explorers Conference 22 February 2017
Slide 2: Company Disclaimer & Statements
Company Disclaimer & Statements DISCLAIMER EXPLORATION RESULTS MINERAL RESOURCES This presentation has been prepared by Alloy Resources Limited Information in this report which relates to Exploration Results is based The resources in this release are based on work carried out by Dr. S. (“Alloy”). Th
Slide 3: An Active Gold & Cobalt Explorer
An Active Gold & Cobalt Explorer • Alloy Resources is a Mineral Explorer with projects across Australia. • Our flagship project is the Horse Well Gold Joint Venture with Doray Minerals in W.A. • Alloy is a 40% contributing partner in this Joint Venture located only 50 kilometres from Northern Star L
Slide 4: Company Overview
Company Overview Capital Structure SHARES ON ISSUE OPTIONS (1.0/1.5/1.6c UNLISTED) Board of Directors 967 m 29 m MARKET CAP (@ 1.1c) CASH (DEC 31) Mr Andy Viner Executive Chairman – Exploration Geologist $10.63 m $1.5 m Matsa Resources / Jackson Gold / Gindalbie Metals / RSG Mr Kevin Hart Non-Execut
Slide 5: Project Locations
Project Locations Our Strategy • Low-cost by pegging or Option Agreements • Prospective projects in high demand commodity • Close to major mines PG 5
Slide 6: Broken Hill / Cobalt Centre of Australia?
Broken Hill / Cobalt Centre of Australia? The Ophara Cobalt-Gold Project • 50 km west of Broken Hill on the South Australian border • 314 square kilometre area 100% owned • Great Goulburn Cobalt-Gold-Copper prospect identified Mineralisation style similar to the large Cobalt deposits in the area • T
Slide 7: The Ophara Cobalt Project
The Ophara Cobalt Project • Area sand covered with minor outcrop • Great Goulburn Co-Au-Cu prospect found in 1870’s on rare outcropping hills Looking East at the two Gossan outcrop hills • Modern rock chip sampling up to 0.9% Cobalt and 2.3 g/t Gold Our Aim • Only 6 historical drill holes • To defin
Slide 8: Ophara / Great Goulburn Cobalt Prospect
Ophara / Great Goulburn Cobalt Prospect Cobalt-Gold Mineralisation • Clear relationship to Magnetic Anomaly which outcrops as a gossanous Quartz-Magnetite unit PG 8
Slide 9: Ophara / Great Goulburn Cobalt Prospect
Ophara / Great Goulburn Cobalt Prospect Recent RC Drilling on Ground Magnetics • Results received from 3 of 12 holes to date • New mineralised zones discovered • System is open (Refer to ASX release: 22/02/2017) PG 9
Slide 10: Ophara / Great Goulburn Cobalt Prospect
Ophara / Great Goulburn Cobalt Prospect Recent RC Drilling on Ground Electromagnetics • Strong Correlation to Mineralisation (Refer to ASX release: 22/02/2017) PG 10
Slide 11: Ophara / Great Goulburn Cobalt Prospect
Ophara / Great Goulburn Cobalt Prospect RC Drill Cross-Section • AORC004 12m @ 0.15 % Co and 0.29 g/t Au including: o 6m @ 0.2% Co and 0.41 g/t Au • AORC009 5m @ 0. 1 % Co and 0.31 g/t Au (Refer to ASX release: 22/02/2017) PG 11
Slide 12: Ophara / Great Goulburn Cobalt Prospect
Ophara / Great Goulburn Cobalt Prospect New Ground Magnetic Survey Newly highlighted Magnetic Targets • Enhances magnetite targets Known Magnetic Mineralised Horizons • Suggests new targets under cover to the North Outcrop Geology-Drilling on Regional Magnetics Outcrop Geology-Drilling on new Ground
Slide 13: Ophara / Great Goulburn Cobalt Prospect
Ophara / Great Goulburn Cobalt Prospect Extensions & New Areas • Numerous magnetic targets • Anomalous regional rock chip samples • Limited RAB drill testing of magnetic anomalies encouraging Regional Magnetics + Outcrop Rock chip sampling - Copper RAB drilling - Copper PG 13
Slide 14: Ophara / Planned Exploration
Ophara / Planned Exploration Two clear objectives to achieve at the Potential new exploration activities Great Goulburn Prospect: under consideration: 1. Define the size and tenor of the known Cobalt-gold • Regional Aerial EM survey to define conductors – mineralisation. target those co-incident wit
Slide 15: Horse Well Gold Project JV
Horse Well Gold Project JV • 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 • Doray Minerals have earnt a 60% JV interest over 2 years and Alloy is now funding 40% since earl
Slide 16: Project Status
Project Status • Over 80% of the project is covered by transported sand meaning exploration requires aeromagnetic survey mapping and then Dawn Prospects drilling of targets. • The Project has two main known mineralised areas: o the northern Dawn prospects area o and the southern Horse prospects area
Slide 17: Dusk til Dawn Prospect / Proof of Potential
Dusk til Dawn Prospect / Proof of Potential • “Granny Smith style” gold mineralisation on granite contact • 50m x 40m RC drilling to 200 metres depth has defined mineralisation over 300 metre strike and south east plunge (Refer to ASX release: September Quarterly Report, 28/10/2015) • Zones of high-
Slide 18: Large New Gold Trends Discovered
Large New Gold Trends Discovered Dec Qtr 2015 - Dec Qtr 2016 Extensive drill programs totalling over 50,000 metres of regional air- core and 4,500 metres of RC have been completed: Django – Eastern and Central Anomalies • 10 kilometre long anomalies along the Celia Shear • 7 kilometres only drilled
Slide 19: Southern Horse Prospect Area
Southern Horse Prospect Area Status • 75,000 oz Inferred Gold Resources (Refer to ASX release: 22/10/2015 and Appendix) • Mineralisation is shallow (< 130 m) and largely oxide • New Warmblood Discovery in 2012/2013 • Little drilling of high-grade shoots below 100 m PG 19
Slide 20: Project Generation
Project Generation Three large landholdings in highly prospective areas of Western Australia • Telfer West Project Under application • Yamarna Project Under application • Kurnalpi South Project Recently been granted PG 20
Slide 21: A Highly Leveraged Investment Opportunity
A Highly Leveraged Investment Opportunity Alloy Resources Summary GOLD + COBALT EXPOSURE The places to be invested BIG TARGETS From outstanding exploration results & large land holdings STRATEGIC LOCATIONS Geological & Geographical proximity to major mineral deposits WELL FUNDED Strong suppo
Slide 22: Company Statements
Company Statements Horse Well JORC 2012 Inferred Resource (Refer to ASX release: September 2015 Quarterly Report) NOTES AREA TONNES GRADE (G/T) OUNCES Palomino 554,000 2.45 43,600 • All figures are rounded to reflect appropriate levels of confidence. Apparent differences may occur due to rounding. F