Renascor Resources Ltd · ASX:RNU
Renascor Resources — Renaissance Uranium — Shareholder Meeting (November 2011)
19 slides from Renascor Resources's shareholder meeting presentation, Nov 17, 2011
Slide 1: Annual General Meeting Presentation
Renaissance Uranium For personal use only Annual General Meeting Presentation 17 November 2011 Renaissance Uranium
Slide 2: Important notice
Important notice For personal use only Forward Looking Statements This Presentation may include statements that could be deemed “forward-looking” statements. Although Renaissance Uranium Limited (the “Company”) believes the expectations expressed in such forward-looking statements are based on reaso
Slide 3: Corporate
Corporate For personal use only • ASX code RNU • Shares on issue 113,250,000 • Options 13,550,000 (@ $0.24) • Share price $0.046 * • Market capitalisation $5.2 million * • Cash $6.7 million * • Top 20 shareholders o 15 Dec. 10 (IPO) 73% o 15 Nov. 11 65% * As at 16 November 2011 Renaissance Uranium 3
Slide 4: Highlights
Highlights For personal use only • Listed in December 2010 o $8 million raised in oversubscribed IPO o Focus: sandstone-hosted uranium, IOCGU • Successful transition from greenfield to advanced, drill-stage o Near-term gold (Cutana) o ISR-amenable uranium (Pirie Basin) o IOCGU (Glensea and Gairdner)
Slide 5: Market: Share performance
Market Share performance For personal use only • Impact of nuclear accident at Fukishima Daiichi nuclear plant in Japan o As greenfield uranium explorer, RNU Fukishima share price acutely impacted • Uranium price outlook strong in medium and long-term, but short-term uncertain • RNU exploration stra
Slide 6: Projects Overview
Projects Overview For personal use only • 10 projects, +18,000 km2 in South Australia and the Northern Territory • 2011 focus: transition from greenfield to advanced development through initial drill programs o Pirie Basin (uranium) o Cutana (gold) o Glensea (IOCGU) • Reconnaissance-stage projects b
Slide 7: Pirie Basin Project Overview
Pirie Basin Project Overview For personal use only • Location: Southern Gawler Craton (SA) • Tenements: EL 4400 (100%), EL 3978 (earning 75%) • Area: 734 km2 • Target: Sandstone-hosted, ISR uranium • Key 2011 exploration activities o Detailed gravity survey o 4,300 metre rotary mud drill program Pir
Slide 8: Pirie Basin Project: Comparison to Mullaquana uranium deposits
Pirie Basin Project Comparison to Mullaquana uranium deposits For personal use only • Mullaquana: 42 million pound JORC inferred resource (USA ASX release 27 Oct. 11) • Two ore bodies north of RNU’s project area • Owner, UraniumSA (ASX: USA), in development phase • Recent USA reports (from USA ASX r
Slide 9: Pirie Basin Project: ISR-amenable host sequences
Pirie Basin Project ISR-amenable host sequences For personal use only • Thick sequences of ISR-amenable Eocene sands and Miocene calcareous sands in all 26 holes in the eastern target zone • Same host sequences as Mullaquana deposits • Developed over significant thickness (up to 60 metres) • Well-su
Slide 10: Pirie Basin Project: Elevated uranium intersections
Pirie Basin Project Elevated uranium intersections For personal use only • Within primary 10 x 30 km target zone, 26 rotary mud holes completed at 2 km intervals • Elevated gamma response (≥75 ppm eU3O8) in 18 holes • Peak (+100 ppm eU3O8) responses in basement clays • Uranium-mineralised sands in m
Slide 11: Cutana Project Overview
Cutana Project Overview For personal use only • Location: Southern Curnamona Province (SA) • Tenement: EL 4394 (100%) • Area: 782 km2 • Target: Gold • Key 2011 exploration activities o Close-spaced, multi-element geochemistry o Drilling currently underway Cutana Project. Detailed sampling and define
Slide 12: Cutana Project: Soil geochemical results
Cutana Project Soil geochemical results For personal use only Duffers Dam. Soil gold image and contours Soil gold results for Cutana Project, merged with open file data for Exco and Polymetal’s Vertigo and Ambush gold prospects • Multiple zones of strongly anomalous gold • Comparable gold geochemist
Slide 13: Cutana Project: Drilling
Cutana Project Drilling For personal use only • 4,000 metre reverse circulation drill program underway • To test five prospects from infill sampling • To continue through December/January • Initial results expected 1st Quarter 2012 Drilling at Cutana Project Renaissance Uranium 13
Slide 14: Glensea Project Overview
Glensea Project Overview For personal use only • Location: Southern Gawler Craton (SA) • Tenement: EL 3978 (earning 75%) • Area: 50 km2 • Target: IOCGU • Key 2011 exploration activities o Rotary mud drilling at Pirie Basin Project intersects strong copper o Follow-up core drilling intersects hematit
Slide 15: Glensea Project: Aeromagnetic signature
Glensea Project Aeromagnetic signature For personal use only Comparison of regional magnetic image showing Glensea drill-hole 11RPBRD06 (with gravity contours over Glensea Prospect)(left) and Carrapateena IOCGU deposit (right) • Strongly elevated copper intersected • IOCGU potential along untested m
Slide 16: Reconnaissance Projects: Gairdner
Reconnaissance Projects Gairdner For personal use only • Location: Central Gawler Craton (SA) • Tenement: EL 4775 (100%) • Area: 908 km2 • Targets: IOCGU or poly-metallic skarn- style • Ground magnetic survey delineates area of strong magnetic relief parallel to the inferred margin of intrusive Hilt
Slide 17: Reconnaissance Projects: Outalpa
Reconnaissance Projects Outalpa For personal use only Outalpa Project, showing proximity to Cutana Project and White Dam • Location: Southern Curnamona Province • Limited soil sampling earlier this year (SA) targeting uranium and copper returned elevated gold • Tenements: EL 4399 (100%) • Provides c
Slide 18: Reconnaissance Projects: Tanners Dam
Reconnaissance Projects Tanners Dam For personal use only • Location: Central Gawler Craton (SA) • Tenement: ELA 2410 (100%) • Area: 357 km2 • Target: Volcanic-hosted uranium • Geologic similarity to Stretsolska, Russia’s preeminent uranium region • Felsic lava pile above Hiltaba granite magma chamb
Slide 19: Year ahead
Year ahead For personal use only • Active news flows from multiple projects o Cutana: results from current drill program o Pirie Basin: resumption of drilling o IOCGU: Glensea and Gairdner • Adding value through on-going business development o New tenement applications o Corporate opportunities • Fu
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