Investor Presentation - Maria Resources
Perth, May 15, 2015 AEST (ABN Newswire) - ASX Listed Pooled Development Fund Strategic Elements (
ASX:SOR) is funding a major copper hunt targeting rocks sticking out of the sand in the deserts of Western Australia long ignored for their mineral potential.
- By applying an overseas model the Company recognised that certain areas of 'Permian' rocks in the Great Victoria and Gibson deserts have excellent potential for a style of copper more commonly known in Germany and Poland.
- The company reviewed the limited exploration within a 54,000km2 area and discovered highly anomalous copper in several historic drill holes drilled 8km apart, which confirmed the Company's position and provides a clear exploration focus
- The 700 km2 Officer Project is the first project developed in collaboration with world leading geologist Dr Franco Pirajno, who was formerly with the Geological Survey of Western Australia for 21 years, previously an Exploration Manager for Anglo American Corporation (NZ, SW Pacific) and has been involved with several copper discoveries
- The Officer Basin has been mapped by the Geological Survey of Western Australia but has limited exploration
New Model New Frontier
The Officer Basin has extensive areas of Permian age (approx. 290-250 million years ago) shale and sandstone rocks at surface.
- The general consensus to date has been that Permian age rocks in WA are economically uninteresting for base metals and hence the Officer Basin has remained overlooked and misunderstood
- In collaboration with Dr Franco Pirajno, the Permian Kupferschiefer (PKS) copper-silver-cobalt model was applied to the geology of the Officer Basin and the previously unrecognised potential became clear.
- Permian Kupferschiefer (PKS) deposits are: - more commonly known in Poland and Germany - the 2nd most important copper deposits in the world - have an average of 44mt @ 1.8% Cu.
- In PKS copper - silver - cobalt occur as disseminated sulphides in shale and sandstone as well the underlying volcanic rocks
Officer Project Exploration Strategy
Focusing on a combination of unexplored frontier areas with deposit models more commonly found overseas provides the best chance for making a significant new discovery.
- Prior to discovery of the Nova Nickel deposit by Sirius Resources they had "several soil anomalies" to follow up and within several months of discovery, the share price jumped from 5.7 cents to $2.56 a share.
- Sirius applied an overseas style of deposit known in Canada, but never before seen in Australia to an unexplored area in the Fraser Range.
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SOR-719588.pdf
About Strategic Elements Ltd
Strategic Elements (ASX:SOR) shares are listed on the Australian Stock Exchange under the code “SOR”. The Company is registered under the Pooled Development Program run by the Australian Federal Government to encourage investment into SME’s. To assist Pooled Development Fund’s to invest and raise capital, the Federal Government enables most shareholders in a Pooled Development Fund to make capital gains and receive dividends tax-free.
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