Strickland Metals Ltd · ASX:STK
Strickland Metals — Alloy Resources — Investor Presentation (August 2013)
20 slides from Strickland Metals's investor presentation, August 2013
Slide 1: Company Presentation
www.alloyres.com.au ABN: 20 109 361 195 ASX: AYR COMPANY PRESENTATION Discovering the Next Great Australian Gold Mine AUGUST 2013
Slide 2: Clear Focus, Strong Board, Great Gold Project
2 of 20 Clear Focus, Strong Board, Great Gold Project • Western Australia focussed • Experienced local Board • “Discovery focus” • Underexplored, highly prospective Horse Well Gold Project Mineral Resources - 100,000 ounces (93% Indicated), with - Warmblood advanced target, 750m strike length Explor
Slide 3: Corporate Summary
3 of 20 Corporate Summary Board of Directors Peter Harold Non-Executive Chairman – Panoramic Resources M.D Andy Viner Managing Director – Experienced Gold Explorer Kevin Hart Non-Executive Director + Company Secretary Capital Structure Shares on Issue 316 million Options (4.5c unlisted) 3.5 million
Slide 4: Company Aims
4 of 20 Company Aims 1. To Discover ‘world class’ Gold Deposits 2. Focus on targets with potential to host large discoveries 3. Use West Australian expertise to efficiently explore 4. Create wealth for all stakeholders
Slide 5: Strategic Plan
5 of 20 Strategic Plan 1. Test significant new mineralisation at three main Horse Well prospects shallow high-grade Warmblood trend large mineralised alteration system at Dusk til Dawn Regional Targets at Crack of Dawn 2. Define shallow high-grade potential for toll milling 3. Establish potent
Slide 6: Horse Well Gold Project - Underexplored
6 of 20 Horse Well Gold Project - Underexplored 2013? • 950 km2 in NE Goldfields Western Australia • 1995 discovery by Eagle Mining ?? Moz • 1997 crash in gold stopped Exploration • Minimal further exploration until 2010 1990 >5 Moz • Millrose greenstone belt under-explored • Extensive alteration th
Slide 7: Horse Well - Resources
7 of 20 Horse Well - Resources JORC GRADE PROJECT PROSPECT CATEGORY TONNES (g/t Au) OUNCES Au Horse Well Palomino indicated 656,000 2.52 53,150 Inferred 105,000 3.71 12,525 Bronco indicated 41,400 1.59 2,117 Filly indicated 161,300 1.56 8,091 Filly SW indicated 90,400 7.85 22,817 Total 1,054,100 2.9
Slide 8: Warmblood – growing shallow high-grade
8 of 20 Warmblood – growing shallow high-grade Exciting drill results from July drilling Central 250 metre area Outstanding shallow high-grade results High grade shoots plus supergene 22 metres @ 3.72 g/t Au from 10 metres 8 metres @ 4.34 g/t Au from 48 metres 8 metres @ 3.58 g/t Au from 52 me
Slide 9: Warmblood – growing shallow high-grade
9 of 20 Warmblood – growing shallow high-grade • Mineralisation from surface • Plunging high grade shoots • Strong supergene mineralisation
Slide 10: Warmblood – growing shallow high-grade
10 of 20 Warmblood – growing shallow high-grade • Same shoot geometry along the entire length • Less supergene on south and north end • Needs infill drilling to at least 40m x 20m
Slide 11: Exploration Targets – Crack of Dawn
11 of 20 Exploration Targets – Crack of Dawn • Poorly tested outside Gold Resource area • Regional structural control suggests a big Target at Crack of Dawn • Eagle Mining 1996 - Discovery hole 11m @ 3.5 g/t Au • New aeromagnetic survey done in March 2013
Slide 12: New Aeromagnetic Survey and Targets
12 of 20 New Aeromagnetic Survey and Targets
Slide 13: Crack of Dawn Granite regional potential
13 of 20 Crack of Dawn Granite regional potential • Granite body is 4.5 km long • Historical drilling shows extensive alteration on contacts • Aeromagnetic targets are magnetite destruction – could equate to sericite-pyrite alteration. • Similar large pyrite and/or sericite alteration at Gold Resour
Slide 14: Dusk til Dawn – the big one?
14 of 20 Dusk til Dawn – the big one? • Old Eagle holes around Granite contact • 400m x 200m and 200m x 200m spaced • Altered rocks and anomalous for gold • Geology uncertain • December 2012 Alloy drill traverses • Better understanding – deep leaching suspected • First deep RC hole drilled by Alloy
Slide 15: Dusk til Dawn Prospect
15 of 20 Dusk til Dawn Prospect • RC hole defines south dipping granite contact • 100 metre thick sericite-pyrite alteration zone • 28 metres of gold mineralisation below weathering • Large gold target defined “looking east” NORTH SOUTH
Slide 16: Dusk til Dawn Prospect
16 of 20 Dusk til Dawn Prospect • Geology now being understood • Sericite-pyrite altered metasediments can be logged in leached/weathered zone • Remnant mineralisation at base of air-core holes when in altered metasediments - key “looking north”
Slide 17: Dusk til Dawn – tenor and size?
17 of 20 Dusk til Dawn – tenor and size? • At least 1 km x 0.5 km alteration zone • Geology code cracked • Very large shallow dipping alteration envelope is a big and significant gold exploration target • Targeted deep drilling will quickly define potential – at least 3 holes where access is granted
Slide 18: Clear plans to add value
18 of 20 Clear plans to add value EXPLORATION PROGRAM • Warmblood infill RC drilling • Warmblood Resource calculation • Warmblood metallurgy + Scoping study for all Resources • Dusk til Dawn deep RC drill extension • Crack of Dawn/Dusk til Dawn geophysics • Crack of Dawn regional Heritage clearance
Slide 19: Clear Focus, Strong Board, Great Gold Project
19 of 20 Clear Focus, Strong Board, Great Gold Project • Experienced, expert local Board • Highly prospective W.A gold projects – shallow high-grade and large size Horse Well - ‘Jundee’ scale large exploration style target Resources - RC drill to expand, new upgrade in August/September Targets - maj
Slide 20: Company Statements
20 of 20 Company 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 parties and thou
Alloy Resources — Investor Presentation (August 2013) on 6ix