2015 Broken Hill Resources Investment Symposium - Investigator Resources (ASX: IVR) - John Anderson
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Investigator Resources (ASX: IVR), John Anderson, Managing Director. Investor presentation at 2015 Broken Hill Resources Investment symposium.
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2015 Broken Hill Resources Investment Symposium - Investigator Resources (ASX: IVR) - John Anderson
- 1. SOUTH AUSTRALIAN EXPLORERS WITH THE RIGHT TRACK RECORD WELL FUNDED & DRILLING John Anderson – Managing Director Broken Hill Resources Investment Symposium 26th May 2015 ASX : IVR New discovery opportuniOes for the Paris silver copper district INVESTIGATOR RESOURCES LIMITED
- 2. DISCLAIMER The informaOon in this presentaOon is published to inform you about InvesOgator Resources Limited and its acOviOes. Some statements in this presentaOon regarding esOmates or future events are forward looking statements. They involve risk and uncertainOes that could cause actual results to differ from esOmated results. All reasonable effort has been made to provide accurate informaOon, but we do not warrant or represent its accuracy and we reserve the right to make changes to it at any Ome without noOce. To the extent permiYed by law, InvesOgator Resources Limited accepts no responsibility or liability for any losses or damages of any kind arising out of the use of any informaOon contained in this presentaOon. Recipients should make their own enquiries in relaOon to any investment decisions. COMPETENT PERSONS STATEMENT The informaOon in this presentaOon relaOng to exploraOon results is based on informaOon compiled by Mr. John Anderson who is a full Ome employee of the company. Mr. Anderson is a member of the Australasian InsOtute of Mining and Metallurgy. Mr. Anderson has sufficient experience of relevance to the styles of mineralisaOon and the types of deposits under consideraOon, and to the acOviOes undertaken, to qualify as a Competent Person as defined in the 2012 EdiOon of the Joint Ore Reserves CommiYee (JORC) Australasian Code for ReporOng of ExploraOon Results, Mineral Resources and Ore Reserves. Mr. Anderson consents to the inclusion in this report of the maYers based on informaOon in the form and context in which it appears. The informaOon in this presentaOon that relates to Mineral Resources EsOmates at the Paris Silver Project is extracted from the report enOtled “Maiden Resource EsOmate for Paris Silver Project, South Australia” dated 15 October 2013 and is available to view on the Company website www.investres.com.au. The Company confirms that it is not aware of any new informaOon or data that materially affects the informaOon included in the original market announcement and that all material assumpOons and technical parameters underpinning the esOmates in the relevant market announcement conOnue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. Disclaimer & Competent Person Statement 2 Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 Back to the Future at Broken Hill
- 3. Ini9al resource • Paris 20Moz silver deposit is significant ü On-‐going internal studies on opOons ü New geology & deposit styles for SA Excellent flow-‐on discovery opportuni9es • Diverse style potenOal ü Imiter high-‐grade silver ü Skarn & breccia/porphyry copper ü Skarn & Ardlethan On • Improved targeOng aher challenging 2014 ü Rolling out upgraded mineral systems model (dykes paYerns, alteraOon, metal zoning) Maximising use of available cash • Capitalising on Know How & drillcore assets ü Remapping & relogging ü PrioriOsing mulOple new targets ü CollaboraOve research Drilling best target opportuni9es in mid-‐2015 IVR’s focus on the emerging Uno Province -‐ first mover 3 Paris Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015
- 4. 4 Corporate Overview Capital Structure ASX listed since 2007 Shares (ordinary) Op9ons (Listed) Op9ons (unlisted) Share Price (20 May 2015) Op9ons Price “ “ “ Market Cap (A$m) Cash (31 March 2015) IVR 462.3M 114.2M 15.5M 1.4c 0.4c $6.5M $3.4M Share Register as at 20 May 2015 CITIC Australia (Since IPO 2007) Acorn Capital (Since 2011) Board & Management Top 20 Total shareholders 14.5% 6.0% 2.7% 36.4% 3,423 Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015
- 5. 2009–2011: IniOal success of Paris silver discovery Came from soil geochemistry & unmapped epithermal outcrops 5 Nankivel Paris Silver-‐in-‐soils on TMI magne2c image for Paris-‐Nankivel area Helen c. 3oz silver Helen Alexander Paris South c.1oz silver Helen East 1996 2010 Nankivel alunite haema2te altered rhyolite breccia: Possible barren shoulder to a porphyry-‐style hydrothermal system Granodiorite 1985 drilling for BHT deposits Mapped 1990 1km Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015
- 6. 2012-‐3 drill out of Paris silver deposit – maiden resource October 2013 6 Category Tonnes Grade Contained silver Grade Contained Lead Inferred 5.9Mt 110g/t Ag 20Moz 0.6% Pb 38kt Based on a cut-‐off grade of 30g/t Ag Five Key Points: 1. The Grade -‐ 110g/t Ag grade is among the highest silver grades in Australia 2. The Ounces -‐ 20Moz silver 3. It’s Shallow & Sof -‐ 5 to 150m from surface 4. Preliminary Metallurgy – posiOve recoveries indicate convenOonal pathways & opOmisaOon potenOal 5. High grade component -‐ About 30% of the resource tonnes contains 60% of the contained silver ounces Surface to 150m Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015
- 7. Paris target model -‐ cross secOon PotenOal for mulOple centres & associated deposit styles 7 2km Reactive basement - altered dolomite - graphitic sediments Potential porphyry or breccia copper deposits Paris Palaeo-surface Distal volcanic & granite breccia Altered overlying volcanics Hydrothermal breccia Altered polymict breccia (vent) Sulphide fragments Late mineralis- ing dykes WARM HOTParis target vectors Magnetite-associated skarn copper deposits Alunite Early intrusive 7 Source granite Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015
- 8. 2014 drilling of satellite soil targets – mixed results 8 Helen Best silver intersec2on 4m @ 143g/t Ag 11% Pb Alexander Weakly mineralised volcanics Paris 20Moz silver Helen East/Diomedes Large altera2on breccia zone Argos Extension of Paris breccia trend Sporadic intersec2ons Current drill coverage: IVR Pre-‐IVR 1km Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 Nankivel West Not yet drilled Nankivel No further access
- 9. Copper success at Helen shows potenOal but raised quesOons on soil geochem (no signature at Helen; chlorite alteraOon at Diomedes etc.) 9 Alexander Helen West Helen East Paris Diomedes Helen Copper 9m @ 1.14% Cu 0.31g/t Au 9m @ 377g/t Ag Copper-‐in-‐soils on TMI magne2c image for Paris-‐Nankivel area 1km Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 Nankivel Rim Nankivel Central
- 10. Uno Province in 2015 – robust regional metallogenic model 10 Paris Menninnie Dam Parkinsons Dam Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015
- 11. Upgraded model for Paris system 11 Uno Fault Late NE rhyolite dykes Early structures & intrusives Nankivel trend Scalloped Uno Fault splays 1km Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015
- 12. Expanded target potenOal – close similariOes in seqng with Moroccan world-‐class high-‐grade silver mine 12 Uno Fault Nankivel trend 1km Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 Imiter 290Moz silver field at same scale Rhyolite Grano-‐ diorite
- 13. Imiter 290Moz silver field at same scale EL5419 “Thurlga” JV EL5368 “Peterlumbo” 100% IVR 5km Paris district – abundant potenOal, targets & room Roles of dykes, structures & intersecOons in locaOng mineralisaOon 13 Tilt magneOc image; Thurlga Joint Venture with Adelaide Resources Limited Paris EL4827 “Mt Nol 100% IVR Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 Preliminary targets in magneOcs
- 14. Composite regional cross secOon -‐ strong Imiter analogy PotenOal around Paris for verOcal silver deposits with subtle soil footprints 14 Imiter, Morocco: Historic resource 290Moz silver; Annual producOon c. 7Moz; Grade c. 440g/t Ag As in the Paris district: Preserved ancient epithermal; Host– base of volcanics in regional E-‐W fault; Adjacent to reacOve sediments; Early granodiorite; Mineralising NE rhyolite dykes; Large low-‐grade halo. Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015
- 15. Rolling out the IVR approach: e.g. Thurlga JV -‐ magneOcs, aerial ortho-‐imagery, prospecOng 15 5km A) TMI/RTP MagneOc image; B) Topographic contour image ( 5m contours: red stars are shallow historical drill holes) 5km Sunset pits – altered volcanic breccia Rare exposure of Uno Fault Zone containing Ironstone breccia (As Ba anomalous) & Interpreted rhyolite breccia Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015
- 16. IVR approach: e.g. Thurlga JV -‐ soil geochemistry remains a key exploraOon ingredient 16 Silver Copper Gold Recent results: First-‐pass soil geochemistry delineates broad coherent anomalies coincident with preliminary magneOc targets based on Paris model 5km Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015
- 17. High-‐priority Thurlga targets – infill soil sampling & prospecOng underway 17 c. 5km 5km Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 Imiter field template at same scale Postulated early intrusive
- 18. Paris field (100% IVR): Remapping & reviewing extensive datasets e.g. Arsenic as a pathfinder to possible fault-‐hosted Imiter-‐style targets 18 1km Paris Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015
- 19. Target PrioriOsaOon Nankivel West Ag Pb Au Argos/Ares North Ag Pb Au Cu Nankivel Ag Pb Au Helen East Cu Au Ag Diomedes Cu Au Ag Nankivel East Rim Cu Au Alexander SE Cu Au Ag Drill mid-‐year Subject to remapping & review (some targets subject to heritage survey) 1km Helen West Cu Au Ag Nankivel Central porphyry/breccia? Cu Au Helen SW skarn Cu Au Ag 19 Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015
- 20. Maintaining progress through a major downturn 20 Inves9gator Resources is offering mul9ple breakthrough opportuni9es for further silver lead copper gold discoveries in an emerging mineral province Our focus is building on the Paris silver resource with the surrounding poten9al Requires judicious and warranted applica9on of available funds Leveraging extensive & valuable drill samples, datasets, IP & infrastructure 1. Drilling of highest priority targets is planned for mid-‐year (Government funding grant for collaboraFve drilling) • Three prime targets near Paris for silver add-‐ons, skarn copper & a porphyry/breccia central to the mineral system 2. IntegraOng mulOple datasets & remapping to develop new drill targets in the Paris minerals system • Includes potenOal for Imiter-‐style high-‐grade silver deposits that may have subtle soil & ironstone signatures 3. Offering these assets & the central Paris Hilton camp as a collaboraOve research plasorm to expand our targeOng capability while benefiOng the wider exploraOon community (CollaboraFve research MOU with GSSA) Interstate Chief Government Geologists’ visit to Paris camp Geological Survey of SA geoscienFsts examining Paris core Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015