Walford Creek Project Update
Dan Johnson CEO
Aston Metals Ltd
ACN 144 476 406
Address: 15A Traders Way, Mt Isa, Queensland...
Disclaimer
T h i s d o c u m e n t , w h i c h i s n o t a p r o s p e c t u s , i s p r e s e n t e d b y A s t o n M e t...
Our vision – a company
focused on creating value
Aston Metals 3
• Develop Walford Creek into a long term, viable mining
op...
4Aston Metals
Sydney Office
CEO / Head of Exploration
Dan Johnson
Geologists
- Chloe Simpson
- David Hood
- Emmanuel Wembe...
Aston Metals 5
4,611 Sq km tenure
Site Office – Mt Isa
6 Geologists
5 Field Staff
1 Tenement Office Admin
Asset and team
l...
World Class Province
 Mt Isa – Australia's 2nd largest
 3 copper deposits > 1Mt of copper
 8 copper deposits > 400Kt of...
The Projects
From north to south:
• Walford Creek
• Constance Range
• Isa North
• Isa West
• Isa South
7Aston Metals
5 Key...
Overview of Aston Metals
8Aston Metals
o Our primary advanced project is Walford Creek
 Aston Metals drilling success has...
• WMC (1989 - 1996):
93 holes totaling ~16,100m on 400m and 800m spaced fences. A Pb-Zn focus
• Copper Strike (2004 - 2006...
Aston Metals
10
Walford Creek
Aston Metals 11
Walford Creek – Geological Type Section
120m
240m
180m
300m
380m
Aston Metals 12
COPPER +/- Cobalt breccia system overprinting a SEDEX Lead Zinc Silver System
• Structurally associated wi...
Aston Metals
13
Walford Creek
200m
1.2 km
Aston Metals
14
Walford Creek
1.2 km
• Copper focus with base and precious metals by products
• 2011 Drill campaign enabled upgrade of JORC Inferred Resource a...
Aston Metals 16
• The current JORC resource (2011) has been defined along a four kilometre strike
length drilled by Aston ...
Aston Metals 17
• WFDD 87 – 26.6m @ 1.55 % Cu, 26ppm Ag, 0.36% Co, 1.87% Pb and 1.14% Zn from 75.7m
• WFPD 90 – 15m @ 2.19...
• Zinc – Associated with the SEDEX system together with Lead and Silver but also present in the
dolomitic and talus brecci...
Investment Highlights
19Aston Metals
 Highly prospective and extensive exploration portfolio = 4,611 SqKm
 In a proven p...
Upcoming SlideShare
Loading in …5
×

Aston Metals – An update on Exploration in NW Qld

1,243 views

Published on

Dan Johnson, CEO, Aston Metals delivered this presentation at the 2012 Mining the Isa conference in Australia. For more information about the annual event, please visit: http://www.informa.com.au/conferences/mining-conference/metals-conference/mining-the-isa

Published in: Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,243
On SlideShare
0
From Embeds
0
Number of Embeds
203
Actions
Shares
0
Downloads
8
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Aston Metals – An update on Exploration in NW Qld

  1. 1. Walford Creek Project Update Dan Johnson CEO Aston Metals Ltd ACN 144 476 406 Address: 15A Traders Way, Mt Isa, Queensland, 4825 Tel: +61 7 4743 7551 Fax: +61 7 4743 7552 October 2012
  2. 2. Disclaimer T h i s d o c u m e n t , w h i c h i s n o t a p r o s p e c t u s , i s p r e s e n t e d b y A s t o n M e t a l s L t d a n d i s f o r u s e o n l y b y t h e c o m p a n y o r p e r s o n t o w h o m i t i s p r e s e n t e d . N o r e p r e s e n t a t i o n o r w a r r a n t y , e x p r e s s o r i m p l i e d , i s g i v e n b y a n y p e r s o n a s t o t h e a c c u r a c y o r c o m p l e t e n e s s o f t h e i n f o r m a t i o n a n d o p i n i o n s c o n t a i n e d h e r e i n a n d n o r e s p o n s i b i l i t y o r l i a b i l i t y i s a c c e p t e d f o r t h e a c c u r a c y o r s u f f i c i e n c y o f a n y o f t h e i n f o r m a t i o n o r o p i n i o n s , f o r a n y e r r o r s , o m i s s i o n s o r m i s - s t a t e m e n t s , n e g l i g e n t o r o t h e r w i s e , o r f o r a n y o t h e r c o m m u n i c a t i o n , w r i t t e n o r o t h e r w i s e . A c c o r d i n g l y , A s t o n M e t a l s L t d a n d a n y o f i t s s u b s i d i a r i e s , d i r e c t o r s a n d e x e c u t i v e s s h a l l n o t b e l i a b l e f o r a n y d i r e c t , i n d i r e c t o r c o n s e q u e n t i a l l o s s o r d a m a g e s u f f e r e d b y a n y p e r s o n a s a r e s u l t o f r e l y i n g o n a n y s t a t e m e n t o r i n a n y f u t u r e c o m m u n i c a t i o n i n c o n n e c t i o n w i t h a n y p r o p o s e d n e g o t i a t i o n s , d e a l i n g s , s a l e s , p u r c h a s e s o r j o i n t v e n t u r e s . T h e d o c u m e n t h a s b e e n f u r n i s h e d t o t h e r e c i p i e n t o n a c o n f i d e n t i a l b a s i s . N e i t h e r t h i s d o c u m e n t n o r a n y o t h e r m a t e r i a l r e l a t i n g t o t h e p r o j e c t s , p e r s o n n e l o r c o m p a n i e s d e s c r i b e d h e r e i n m a y b e c o p i e d , r e p r o d u c e d , s h o w n , d i s t r i b u t e d o r i s s u e d t o a n y o t h e r p e r s o n a t a n y t i m e i n w h o l e o r i n p a r t w i t h o u t t h e p r i o r w r i t t e n c o n s e n t o f A s t o n M e t a l s L t d n o r m a y t h e i n f o r m a t i o n c o n t a i n e d h e r e i n b e d i s c u s s e d w i t h a n y o t h e r p e r s o n i n w h o l e o r i n p a r t w i t h o u t t h e p r i o r w r i t t e n c o n s e n t o f A s t o n M e t a l s L t d . T h i s P r e s e n t a t i o n i s n o t a n d s h o u l d n o t b e c o n s i d e r e d a n o f f e r o r a n i n v i t a t i o n t o a c q u i r e s h a r e s i n A s t o n M e t a l s L t d o r a n y o t h e r f i n a n c i a l p r o d u c t . A p u b l i c o f f e r o f s h a r e s m a y o n l y b e m a d e b y A s t o n M e t a l s L i m i t e d p u r s u a n t t o a P r o s p e c t u s u n d e r P a r t 6 D . 2 o f t h e C o r p o r a t i o n s A c t 2 0 0 1 ( C t h ) . T h i s P r e s e n t a t i o n i s p r e s e n t e d b y A s t o n M e t a l s L t d f o r i n f o r m a t i o n p u r p o s e s o n l y a n d h a s b e e n p r e p a r e d w i t h o u t t a k i n g i n t o a c c o u n t t h e o b j e c t i v e s , f i n a n c i a l s i t u a t i o n o r n e e d s o f i n d i v i d u a l s . T h e i n f o r m a t i o n i n t h i s P r e s e n t a t i o n i s n o t f i n a n c i a l p r o d u c t a d v i c e . F o r w a r d - l o o k i n g s t a t e m e n t , o p i n i o n s a n d e s t i m a t e s p r o v i d e d i n t h i s P r e s e n t a t i o n a r e b a s e d o n a s s u m p t i o n s a n d c o n t i n g e n c i e s w h i c h a r e s u b j e c t t o c h a n g e w i t h o u t n o t i c e , a s a r e s t a t e m e n t s a b o u t m a r k e t a n d i n d u s t r y t r e n d s , w h i c h a r e b a s e d o n i n t e r p r e t a t i o n s o f c u r r e n t m a r k e t c o n d i t i o n s . F o r w a r d - l o o k i n g s t a t e m e n t s i n c l u d e p r o j e c t i o n s , g u i d a n c e o n f u t u r e e a r n i n g s a n d e s t i m a t e s a n d a r e p r o v i d e d a s a g e n e r a l g u i d e o n l y a n d s h o u l d n o t b e r e l i e d u p o n a s a n i n d i c a t i o n o r g u a r a n t e e o f f u t u r e p e r f o r m a n c e . P a s t p e r f o r m a n c e i n f o r m a t i o n g i v e n i n t h i s P r e s e n t a t i o n i s g i v e n f o r i l l u s t r a t i v e p u r p o s e s a n d s h o u l d n o t b e r e l i e d u p o n a s ( a n d i s n o t ) a n i n d i c a t i o n o f f u t u r e p e r f o r m a n c e . Aston Metals 2
  3. 3. Our vision – a company focused on creating value Aston Metals 3 • Develop Walford Creek into a long term, viable mining operation • Operate with the high standards of safety and integrity at all times • Seek to generate opportunities for both our own work force but also for the communities in which we live and work • Discover, explore and expand the portfolio of projects in the Mt Isa district • Identify and seek partnerships with other explorers and miners to fast track other mineral opportunities in Australia
  4. 4. 4Aston Metals Sydney Office CEO / Head of Exploration Dan Johnson Geologists - Chloe Simpson - David Hood - Emmanuel Wembenyui - Johannes Mendgen - Pierre Warburton - Catherine Curtis CFO Joseph Sorbara Mt Isa office Organisational Structure Board Chair: Nathan Tinkler Directors: Matt Keen and Troy Palmer
  5. 5. Aston Metals 5 4,611 Sq km tenure Site Office – Mt Isa 6 Geologists 5 Field Staff 1 Tenement Office Admin Asset and team location TOWNSVILLE BRISBANE
  6. 6. World Class Province  Mt Isa – Australia's 2nd largest  3 copper deposits > 1Mt of copper  8 copper deposits > 400Kt of copper  3 of the world’s 10 largest zinc deposits, lead deposits, and silver deposits Qld produces (BREE data 2010–11) Australia’s copper 32.1% (1.9% global) Australia’s silver 82.7% (6.2% global) Australia’s lead 67.4% (10.4% global) Australia’s zinc 68.2% (8.1% global) Aston Metals 6 The Mt Isa Inlier is one of the world’s most significant base metal provinces
  7. 7. The Projects From north to south: • Walford Creek • Constance Range • Isa North • Isa West • Isa South 7Aston Metals 5 Key Projects with advanced drill ready prospects 1 2 3 4 5 1 2 34 5
  8. 8. Overview of Aston Metals 8Aston Metals o Our primary advanced project is Walford Creek  Aston Metals drilling success has unlocked a large new poly metallic field  Current JORC Resource 44 million tonnes @ 0.94% Cu-Eq value  Targeting resource of 80 - 100 million tonnes @ 1.0% Cu-Eq value by Q4 2012  Aim is to grow this Resource through step out drilling in 2013/2014 o Large tenement package (~4,611km2) including a contiguous land holding (~170kms) along the Mt Isa Fault north and south of the Xstrata Isa mine lease acquired since 2007 o The ability to advance projects with Aston Metals Operational Team of 12 (6 geologists, 5 field crew, 1 tenement manager) based out of the Mt Isa Exploration Office o AML majority owned by Tinkler Group following buy out of minority shareholders in 2011 o Additional funding secured through to July 2013 to advance the Walford Creek Project
  9. 9. • WMC (1989 - 1996): 93 holes totaling ~16,100m on 400m and 800m spaced fences. A Pb-Zn focus • Copper Strike (2004 - 2006): 30 RC holes totaling ~3,161m. Commodity prices a third of current prices and drilling was limited due to company capability • Aston Metals (2010 - 2012): 82 DD and 5 RC holes – >15,000m. Drilling confirms continuity of big mineral system currently over 7km of strike Mineralisation starts at 20m below surface. Great potential both along the strike of the Fish River fault and at Depth Aston Metals 9 Walford Creek – The History 205 holes drilled for >35,000 m in 3 main phases of exploration activity
  10. 10. Aston Metals 10 Walford Creek
  11. 11. Aston Metals 11 Walford Creek – Geological Type Section 120m 240m 180m 300m 380m
  12. 12. Aston Metals 12 COPPER +/- Cobalt breccia system overprinting a SEDEX Lead Zinc Silver System • Structurally associated with fault • Drill spacing now down to 50m centres in eastern zone • System continuity established over 7 km - open along strike and at depth • 0.5% and 1% Cu Eq cut-off shells shown in long section below • Current shells based on drilling assays to date • System has a large Cobalt by-product 5 km 200m Walford Creek ASSAY PENDING
  13. 13. Aston Metals 13 Walford Creek 200m 1.2 km
  14. 14. Aston Metals 14 Walford Creek 1.2 km
  15. 15. • Copper focus with base and precious metals by products • 2011 Drill campaign enabled upgrade of JORC Inferred Resource at Walford Cu-Eq value based on $3.00 per lb – Cu, $0.75 per lb - Pb, $0.75 per lb- Zn and $30 per oz – Ag Recovery % - Cu 95%, Pb/ Zn/ Ag – 75% 15Aston Metals Walford Creek 2011 Resource Cut-off (%) Mt Cu (%) Pb (%) Zn (%) Ag (g/t) Cu Eq. (%) 0.30 80.7 0.25 0.54 0.59 14.6 0.69 0.50 44.3 0.35 0.71 0.89 17.5 0.94 0.75 21.2 0.51 0.91 1.16 20.4 1.25 1.00 10.6 0.68 1.08 1.43 22.7 1.56
  16. 16. Aston Metals 16 • The current JORC resource (2011) has been defined along a four kilometre strike length drilled by Aston in 2010 and 2011 down to a depth of approximately 180m • Cu, Pb, Zn and Ag were used to calculate the Inferred Resource • At this time, no allowance has been made for Cobalt in this Resource due to incomplete data from previous drilling. • There is an abundance of Cobalt in the system and the 2012 drilling campaign will provide data to allow the Cobalt to be included in the reported resource in Q4 2012 • The mineralised system is open both to the east and the west and at depth • Currently in last weeks of a 6 month drilling campaign Walford Creek Resource
  17. 17. Aston Metals 17 • WFDD 87 – 26.6m @ 1.55 % Cu, 26ppm Ag, 0.36% Co, 1.87% Pb and 1.14% Zn from 75.7m • WFPD 90 – 15m @ 2.19% Cu, 22ppm Ag and 0.13% Co from 189m • WFPD 98 – 20m @ 1% Cu, 20ppm Ag, 0.07% Co from 166m • WFPD 100 – 14m @ 1.54% Cu, 22ppm Ag and 0.24% Co, 0.89% Zn from 133m • WFPD 128 – 8m @ 1.4% Cu, 17gpt Ag and 0.09% Co from 166m • WFPD 130 - 28m @ 1.6% Cu, 3.1% Pb, 43gpt Ag and 0.12% Co from 144m • WFPD 135 – 20m @ 1.36% Cu, 22.9gpt Ag and 0.16% Co from 30m • WFDD 136 – 25m @ 1.83% Cu, 26.9gpt Ag, 1.18 Pb and 0.26% Co from 52m • WFPD 138 – 35m @ 1.15% Cu, 30.6gpt Ag and 0.24% Co from 46m Walford Creek – Copper A sample of some Aston Metals drill results to date
  18. 18. • Zinc – Associated with the SEDEX system together with Lead and Silver but also present in the dolomitic and talus breccia o Eg WFDD 94 27m @ 3.19% Zn from 87m and WFDD96 9m @ 7.73% Zn from 97m • Lead – Associated with Zinc in the SEDEX system and some remobilised in the breccia o Eg WFDD 110 30m @ 3.85% Pb from 22m includes 20m @ 5.35% Pb from 27m o Eg WFDD 154 4m @ 16% Pb • Cobalt – Some of the best cobalt is associated with high grade copper zones but significant cobalt occurs throughout the pyrite system o Eg WFDD 87 56m @ 0.21% Co from 49m, WFDD94 60m @ 0.15% Co from 52m • Silver - High silver values are found throughout the pyrite system o Eg WFDD 90 65m @ 24ppm Ag from 41m o Eg WFDD 85 53m @ 25ppm Ag from 28m o Eg WFDD 27 32.6m @ 63ppm from 185.2m Aston Metals 18 Walford Creek – Zn, Pb, Co and Ag
  19. 19. Investment Highlights 19Aston Metals  Highly prospective and extensive exploration portfolio = 4,611 SqKm  In a proven producing Base Metals province - Mt Isa region  44Mt JORC Inferred Resource @ 0.94% Cu-Eq value using a 0.5% Cu-Eq cutoff  Targeting >80Mt JORC Inferred Resource @ 1.0 % Cu-Eq value using a 0.5% Cu- Eq cutoff by Q4 2012  Current drill campaign has been targeting the inclusion of Cobalt in the Inferred Resource for the first time  Exposure to strong copper market fundamentals  Recent investment secures near term Exploration funding  Aston Copper 30% interest in Walford Creek being transferred to Aston Metals – Aston Metals to hold 100% of Walford Project

×