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STAVELY & ARARAT COPPER-GOLD PROJECTS WESTERN VICTORIA IPO Presentation

Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

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Stavely Minerals' IPO presentation at Symposium's Investor Roadshow in Sydney and Melbourne to over 250 attendees, April 2014. Presentation was delivered by Stavely Minerals' Managing Director, Chirs Cairns.

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Page 1: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY & ARARAT COPPER-GOLD PROJECTS WESTERN VICTORIA

IPO Presentation

Page 2: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY MINERALS

Disclaimer

This presentation contains only an overview of Stavely Minerals Limited (“Stavely" or the “Company”) and its activities and operations. The contents of this presentation, including matters relating to the geology and exploration potential of the Company’s projects, may rely on various assumptions and subjective interpretations which it is not possible to detail in this presentation and which have not been subject to any independent verification.

This presentation contains a number of forward-looking statements. Known and unknown risks and uncertainties, and factors outside of the Company’s control, may cause the actual results, performance and achievements of the Company to differ materially from those expressed or implied in this presentation.

To the maximum extent permitted by law, Stavely does not warrant the accuracy, currency or completeness of the information in this presentation, nor the future performance of the Company, and will not be responsible for any loss or damage arising from the use of the information.

The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue. Current and potential investors should seek independent advice before making any investment decision in regard to the Company or its activities.

Page 3: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY MINERALS

Who are Stavely Minerals?

• Owned and managed by the ex-Integra Mining management team:

• Bill Plyley - Chairman

• Chris Cairns – Managing Director

• Peter Ironside - Director

• Jennifer Murphy - Director

• The private company used to acquire The Stavely and Ararat Projects from BCD Resources (formerly Beaconsfield Gold Mines NL)

IPO now open – closes 23 April 2014

Page 4: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY PROJECT

IPO Raising

• Minimum raising $5 million with maximum of $8 million

• No pre-IPO cheap ‘seed’ stock other than to the 4 principals

in the business most of that is escrowed for 2 years.

• Drill ready targets at MT Ararat copper-gold VMS extensions

and Thursday’s Gossan and Junction copper-gold porphyry

prospects.

• Management with a track record of discovery, development

and value creation.

• Prospectus and application forms are available on

www.stavely.com.au/prospectus

Page 5: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

PROJECT LOCATION

The Mount Stavely

Volcanic Complex is

considered a northern

extension of the Mt

Read Volcanics in

Tasmania

Page 6: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

PROJECT LOCATION

Total area owned and applied for tenure:

770 square kilometres

Page 7: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

MINERAL RESOURCES1

1 reported in compliance with JORC 2012, see www.stavely.com.au

At the Ararat Project, hosted in Besshi-style VMS:

• Inferred Mineral Resources of 1.2Mt at 2.0% copper, 0.5 g/t gold, 0.4% zinc and 6 g/t silver for 30kt of contained copper

At the Stavely Project hosted in a secondary chalcocite enriched blanket:

• Inferred Mineral Resources of 28Mt at 0.4% copper for 110kt of contained copper

Page 8: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY MINERALS

What did Stavely Minerals buy?

• Two copper +/- gold Mineral Resources with a Scoping Study completed, plus….

• Exploration potential:

Significant potential to extend Mineral Resources at high-grade Mt Ararat copper-gold VMS

Potential at Langi Logan for a Stawell Gold Mine look-alike

Porphyry copper-gold potential at depth at Thursday’s Gossan

Porphyry copper-gold potential at Junction

Possible new porphyry at Mt Stavely

Page 9: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

ARARAT PROJECT

Page 10: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

ARARAT PROJECT

Hosts the: Mt Ararat Besshi-style copper-gold VMS and the

Langi Logan - Stawell Gold Mine look-alike target

Page 11: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

ARARAT PROJECT

• Mt Ararat Besshi-style VMS – Inferred Mineral Resource of 1.2Mt at 2.0% copper, 0.5g/t gold, 0.4% zinc and 6g/t silver. • The Degrussa deposit is considered a Besshi-style VMS

• Open at depth and along strike

Page 12: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

ARARAT PROJECT

Mt Ararat Mineral Resource is over 350m strike extent at the southern end of a 4 kilometre long airborne VTEM conductor and coincident soil copper-zinc anomalism (gold not analysed).

Ground EM confirms significant undrilled extensions to the north of the existing resource with noted gossans and historic copper workings.

Page 13: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

ARARAT PROJECT

Mt Ararat VMS ground EM conductor plates

• Mt Ararat existing

Mineral Resource has a ground EM conductor to 500m depth (red).

• Carrolls prospect (blue) has a ground EM conductor 2km along strike and to 800m depth.

• South Pole prospect (green) has ground EM conductors 1.2km along strike to 500m depth.

Page 14: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

ARARAT PROJECT

Mt Ararat VMS has compelling exploration potential

Immediately along strike to the north from an Inferred Mineral Resource with attractive grades of 1.2Mt at 2% copper, 0.5 g/t gold and 0.4% Zn:

VTEM conductors confirmed by ground EM over 3.5 km

long

Coincident copper and zinc soil geochemistry (gold not analysed)

Noted gossans

Chlorite / actinolite alteration – possible VMS feeder zone alteration

….and effectively undrilled.

Page 15: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY PROJECT

Page 16: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY PROJECT

• Thursday’s Gossan

chalcocite enriched blanket

– Inferred Mineral Resource

of 28Mt at 0.4% copper

containing 107kt copper

• Thursday’s Gossan

porphyry

• Junction porphyry

• Newly interpreted Mt

Stavely porphyry

• Fairview Gold prospect

• Wickliffe VMS prospect

• Patanga porphyry prospect

Page 17: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY PROJECT

• Mt Stavely Volcanic

Complex considered the

northern extension of the Mt

Read Volcanics in

Tasmania.

• MRV hosts the Mount Lyell,

Rosebery, and Henty

copper-gold deposits.

• In the Thursday’s Gossan

area a very major

intersection of N-S and NW

oriented structures.

Page 18: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY PROJECT

Thursday’s Gossan

chalcocite blanket (red)

and location of porphyry

intrusion at depth (blue)

controlled by long-lived

structures – regional

structural controls

expressed at local scale.

Page 19: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY PROJECT

• Thursday’s Gossan chalcocite - less than 1:1 strip ratio

• Inferred Mineral Resource of 28 million tonnes at 0.4% copper = 110 Kt contained copper

Page 20: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY PROJECT

Porphyry intrusions at

depth appear as lows

in the gravity images

Page 21: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY PROJECT

• Junction 1 porphyry target – lightly drilled to shallow

depth yet 35 metres at 3.4% copper hard to ignore*

* insufficient data to interpret true width

Page 22: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY PROJECT

• Stavely Minerals bought these projects primarily

for the exploration upside.

• Stavely’s premise was that previous explorers

had failed to recognise the high-level of exposure

– ie. The porphyry was down deeper than existing

drilling.

Page 23: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY PROJECT

Significant drill intercepts

into ‘leakage’ structures:

• ‘D’ veins in the porphyry

terminology of Gustafson

and Hunt, 1975

• 7.7 metres at 4.14%

copper, 1.08 g/t gold and

77g/t silver

• 9.5 metres at 2.93%

copper, 0.44g/t gold and

42 g/t silver

Page 24: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY PROJECT

Stavely has compelling exploration potential

Porphyry targets with:

Gravity lows

IP chargeability anomalies

Alteration mineralogy indicating high-level of exposure in

porphyry system

Almost no drilling below 250m depth

Sulphur isotope values consistent with magmatic source –

importantly, sparse data indicates Thursday’s Gossan IP

chargeability anomaly could be close to mineralised ‘core’

Haematite alteration - a possible indicator of a fertile

copper-gold ‘alkalic’ system

Page 25: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY PROJECT

“The HyLogger data certainly supports the hypothesis that

the level of exposure tested by previous drilling is

analogous to the top of a Prince Lyell system. This system

should be drilled to a depth of 200 to 300 meters below the

zones of shortest wavelength white mica recorded from the

HyLogger data.”

Scott Halley, 2013

“Therefore there is strong evidence indicating that there

is untested porphyry Cu-Au style mineralisation at depth

below the Thursday Gossan project area.”

Corbett and Menzies Consulting, 2013

It is important to note that these exploration targets are conceptual in nature and there has been insufficient exploration

to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

Page 26: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

OUR VIEW

The primary contention is that the previous explorers failed to

recognise the high level of exposure of the Thursday’s

Gossan porphyry complex and that the potential for well-mineralised

copper-gold porphyry(s) at depth is excellent. The Stavely area is

compared to the Cadia Valley and North Parkes districts at an early

stage of evaluation.

¹200 metres west, hole NC498 subsequently hit 145 metres at 4.30g/t gold & 1.2% copper, & 84 metres at 7.40g/t & 1.27% copper

²Discovery of the Cadia Rigeway Gold-Copper Porphyry Deposit, Halliday, J.et al., SMEDG, 1999

Cadia Rigeway² Thursday’s Gossan

Classic ‘D’

leakage veins

8m at 0.53% Cu & 0.42g/t Au

7.7m at 1.08g/t Au & 4.14% Cu

9.5m at 0.44g/t Au & 2.93% Cu

Low-grade

near miss

118m at 0.10% Cu to 514m,

hole then extended to 858m &

Intercepted

102 at 0.4% Cu & 0.13/t Au¹

235m at 0.21% Cu in propyllitic

alteration to 262m depth &

many others

Page 27: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

CADIA-RIDGEWAY DISCOVERY

Thursda

8m @ 2.4% Cu, 1.1 g/t Au 69m @ 0.17% Cu

62m @ 0.21% Cu

180m @ 0.16% Cu

28m @ 0.24% Cu 35m @ 0.14% Cu 24m @ 0.15% Cu

96m @ 0.14% Cu

1.75km

7.7m @ 4.1% Cu, 1.0 g/t Au 9.5m @ 3.0% Cu, 0.4g/t Au

Thursday’s Gossan Long Section (looking west)

47m @ 0.15% Cu

235m @ 0.21% Cu

Page 28: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

CADIA-RIDGEWAY DISCOVERY

Thursda

Depth and approximate location of Newcrest near miss at Cadia-Ridgeway – 110m @ 0.10% Cu

Approximate depth of drilling to date

Hole extended to 858m and intercepts – 102m @ 0.13g/t Au, 0.40% Cu from 610m

Discovery hole hits 145m @ 1.2% Cu, 4.3g/t Au from 598m and 84m @ 1.3% Cu, 7.4g/t Au from 821m

Size and approximate

depth of Cadia-Ridgeway

Thursday’s Gossan Long Section (looking west)

110kt copper in chalcocite blanket

Page 29: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY PROJECT

Proposed work programmes for the Stavely Project

Almost all diamond drilling to date (except 2 holes) is to a maximum true depth of ~250m – not deep enough to discover Cadia Ridgeway or Cadia East (for example)

• At the Thursday’s Gossan area (including Junction) propose drilling:

• 4 x 700 metre deep diamond drill holes

• 2 x 500 metre deep diamond drill holes

• At the Mt Stavely prospect:

• Complete IP survey

• Complete soil geochemistry

• Phase 2 drilling of IP / Geochem / structural targets

Page 30: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY PROJECT

Other targets:

• Patanga porphyry target –

drill intercept of 10 metres

at 0.32% copper and 0.4

g/t gold

• Wickliffe VMS target – drill

intercept of 3.15 metres at

2.27 g/t gold, 4.9% zinc,

0.2% copper and 7 g/t

silver

Page 31: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY PROJECT

IPO Raising

• Minimum raising $5 million with maximum of $8 million

• No pre-IPO cheap ‘seed’ stock other than to the 4 principals

in the business most of that is escrowed for 2 years.

• Drill ready targets at MT Ararat copper-gold VMS extensions

and Thursday’s Gossan and Junction copper-gold porphyry

prospects.

• Management with a track record of discovery, development

and value creation.

• Prospectus and application forms are available on

www.stavely.com.au/prospectus

Page 32: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY MINERALS

IPO Timetable

Lodgement of Prospectus 17 March 2014

Offer Opens 26 March 2014

Closing Date 23 April 2014

Despatch Holding Statements 1 May 2014

Expected ASX Trading 7 May 2014

Page 33: Stavely Minerals IPO Presentation, Symposium Investor Roadshow April 2014

STAVELY MINERALS

Thank You

Contact Us:

Stavely Minerals Limited

Level 1, 168 Stirling Highway

Nedlands WA 6009

www.stavely.com.au

Ph: 08 9287 7630

The information is extracted from information in the Stavely Minerals Prospectus available to view on www.stavely.com.au. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue 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.