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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
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
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
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Paris
Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015
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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
2009–2011: IniOal success of Paris silver discovery Came from soil geochemistry & unmapped epithermal outcrops
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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
2012-‐3 drill out of Paris silver deposit – maiden resource October 2013
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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
Paris target model -‐ cross secOon PotenOal for mulOple centres & associated deposit styles
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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 HOT Paris target vectors
Magnetite-associated skarn copper deposits
Alunite
Early intrusive
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Source granite
Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015
2014 drilling of satellite soil targets – mixed results
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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
Copper success at Helen shows potenOal but raised quesOons on soil geochem (no signature at Helen; chlorite alteraOon at Diomedes etc.)
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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
Uno Province in 2015 – robust regional metallogenic model
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Paris Menninnie Dam Parkinsons
Dam
Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015
Upgraded model for Paris system
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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
Expanded target potenOal – close similariOes in seqng with Moroccan world-‐class high-‐grade silver mine
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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
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
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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
Composite regional cross secOon -‐ strong Imiter analogy PotenOal around Paris for verOcal silver deposits with subtle soil footprints
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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
Rolling out the IVR approach: e.g. Thurlga JV -‐ magneOcs, aerial ortho-‐imagery, prospecOng
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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
IVR approach: e.g. Thurlga JV -‐ soil geochemistry remains a key exploraOon ingredient
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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
High-‐priority Thurlga targets – infill soil sampling & prospecOng underway
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c. 5km
5km
Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015
Imiter field template at same scale
Postulated early intrusive
Paris field (100% IVR): Remapping & reviewing extensive datasets e.g. Arsenic as a pathfinder to possible fault-‐hosted Imiter-‐style targets
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1km
Paris
Inves9gator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015
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
Maintaining progress through a major downturn
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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