Redstone Resources Limited · ASX:RDS
Redstone Resources — Investor Presentation (July 2010)
20 slides from Redstone Resources's investor presentation, Jul 29, 2010
Slide 1: ASX cover letter: Investor Presentation
REDSTONE RESOURCES For personal use only 29 July 2010 Manager Announcements Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam INVESTOR PRESENTATION Attached is an investor presentation highlighting Redstone Resources Ltd’s (ASX: RDS) recen
Slide 2: Tollu Project: Massive Hydrothermal Copper Sulphide and Potential Nickel-Copper Mineralisation
For personal use only Redstone Resources Tollu Project: Massive Hydrothermal Copper Sulphide and Potential Nickel-Copper Sulphide Mineralisation Investor Presentation July 2010 ASX: RDS 1
Slide 3: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Redstone Resources Ltd ACN 090 169 154 (Redstone) for the sole purpose of providing financial, operational and other information to enable recipients to review the business activities of Redstone. This presentation is not intend
Slide 4: Company Overview: Capital Structure
Company Overview For personal use only Capital Structure Issued shares (ASX:RDS) 106,392,946 Unlisted Options 16,861,112 Share Price (28 July 2010) $0.205 Market Capitalisation $21.8m 3
Slide 5: Board of Directors and Key Management
Board of Directors and Key Management Richard Homsany Dr. Orestes Santos For personal use only Chairman Exploration Manager Corporate and commercial lawyer with Geologist with extensive networks from considerable experience with public listed 40 years experience in South America – resource companies
Slide 6: Redstone Projects Overview – Australia
Redstone Projects Overview – Australia Location of Tollu Project in Western Australia ¾ Tollu For personal use only Cu and Ni-Cu ¾ Blackstone Range PGE (Ni-Cu) ¾ Stripeys PGE (Ni-Cu) ¾ Baggaley Hills IOCG
Slide 7: West Musgrave – Background
West Musgrave – Background One of the least explored areas in Australia. For personal use only ¾ ¾ Nine tenements covering 2,200 sq km. ¾ Geological setting to potentially host world-class Voisey’s Bay Ni-Cu- PGE type deposits. ¾ Modern exploration techniques and modelling had never been applied pri
Slide 8: Tollu Project: Massive Hydrothermal Copper Sulphides
TOLLU PROJECT: For personal use only MASSIVE HYDROTHERMAL COPPER SULPHIDES Potential World-Class Ni-Cu Deposit The Tollu Project is a giant swarm of hydrothermal Cu-rich veins which are interpreted as a distal part of a major magmatic Ni-Cu system. 7
Slide 9: Widespread Exposed Cu Mineralisation
Tollu: Widespread Exposed Cu Mineralisation For personal use only Oxidized, Cu-rich veins at surface have been known at Tollu since the 1930’s when some were the subject of artisinal mining. The area was explored for Ni by INCO in 1953 who mapped widespread exposed Cu. First-pass exploration by Reds
Slide 10: Highlights from Recent Exploration
Tollu: Highlights from Recent Exploration For personal use only Mineralisation is gabbro-related. There are more Cu veins than previously mapped. Most mineralisation is filling dilation fractures between two major shear zones. At depth the veins are thicker and richer in Cu 42 surface samples of the
Slide 11: Tollu Geological Setting
Tollu Geological Setting Dilation system (purple) For personal use only between two large shears (red) generated during the Petermann Orogen (~600 Ma). Large number of exposed Cu veins. All veins are oxidized and composed by quartz-malachite-tenorite. Initial exploration focused on one part of the d
Slide 12: Tollu Discovery Holes
Tollu Discovery Holes Section Line 438000mE For personal use only Previous drilling by Redstone intercepted 18m @ 0.6% Cu in the oxide zone (21-39m depth TLC-05) Results are showing that the oxide zone near the surface is depleted in Cu mineralisation. The mineralisation in the sulphide zone is rich
Slide 13: Tollu Revised Stratigraphy
Tollu Revised Stratigraphy For personal use only OLD NEW Tollu Group All formed Tollu Granite 1040 Ma at Tollu Granite the same Gabbro stock <1070 Ma time: Giles Complex 1070 Ma Layered gabbro Giles Complex 1070 Ma Tollu Group Volcanic rocks >1100 Ma Basement Metamorphic rocks >1200 Ma 12
Slide 14: A Potential World-Class Copper Deposit
Tollu: A Potential World-Class Copper Deposit For personal use only The tested vein is about 1,300 m long and the Cu mineralisation is open to the southeast, northwest and at depth. Interpretation is that ALL numerous oxidized veins transition to Cu-richer sulphide mineralisation at depth, emphasizi
Slide 15: The Nickel Connection
Tollu: The Nickel Connection For personal use only Cu-mineralisation is Cu-only and most veins are hosted by a gabbro stock. The only significant association is with Co pointing to a mafic source for mineralisation Cu mineralisation is present in veins filling shear zones formed during the late Pete
Slide 16: The Nickel Connection
Tollu: The Nickel Connection For personal use only The Tollu Cu-rich swarm of hydrothermal veins is probably derived from a large, magmatic, Cu-Ni or Ni-Cu ore body(ies) at depth. The large volume of recycled Cu mineralisation indicates the existence of a potentially large source of primary Ni-Cu ma
Slide 17: The Nickel Connection
Tollu: The Nickel Connection For personal use only Gabbroic magmas are typically very poor in sulphur. Nickel sulphides of Voisey’s Bay-type ALWAYS require sulphur incorporation (contamination) from the host country rocks. The gabbro is intrusive into the volcanic rocks of the Tollu Group, which hav
Slide 18: Map of Gabbro Stock Location
Tollu: Map of Gabbro Stock Location For personal use only A BBRO Gabbro stock mapped to LAY ER E D G the east and south of the veins swarm This gabbro is the A BBRO A Y E R ED G L primary source of Cu mineralisation S T OCK GAB BRO Magnetic Image of Tollu Area
Slide 19: Planned Exploration
Tollu: Planned Exploration For personal use only ¾ Ground and down-hole Electro-magnetic (EM) survey (commenced July 2010) ¾ Geological mapping (commenced July 2010) ¾ RC/Diamond drilling programme to extend mineralisation at depth and along strike (planned for September 2010) 18
Slide 20: Work Program 2010
Tollu: Work Program 2010 For personal use only ¾ EM survey to detect Cu sulphides at depth ¾ RC drilling program of 3,000m on central zone of vein system to evaluate Cu mineralisation to southeast, northwest and at depth – open in most directions ¾ RC drilling program of 3,000m to test at depth othe
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