Riversgold Ltd. · ASX:RGL
Riversgold — Shareholder Meeting (November 2017)
26 slides from Riversgold's shareholder meeting presentation, Nov 24, 2017
Slide 1: A new ASX gold explorer
A new ASX gold explorer Inaugural AGM Presentation 24 November 2017 Allan Kelly Managing Director
Slide 2: Disclaimer/Forward Looking Statements
Disclaimer/Forward Looking Statements This presentation contains certain statements which constitute “forward-looking statements”. These statements include, without limitation, estimates of future capital expenditure; statements regarding the expectation or description of the prospectivity of the Ri
Slide 3: Riversgold Ltd – Investment Highlights
Riversgold Ltd – Investment Highlights ▪ New ASX-listed exploration company with highly prospective 1 projects in three world-class gold terranes ▪ Board with track record of successful discovery, development 2 and production ▪ Well funded following successful $6.1M IPO 3 ▪ A$2.5M cornerstone invest
Slide 4: A clear vision
A clear vision “To create superior value for our shareholders by discovering and monetising world-class mineral projects.” Our strategy ▪ Build a portfolio of world-class mineral projects through exploration and/or acquisition ▪ Monetise the projects at the appropriate time in the project life cycle
Slide 5: Riversgold Ltd - Corporate Snapshot
Riversgold Ltd - Corporate Snapshot ASX Symbol RGL Major Shareholders % Shares on Issue 82.8M Greenwich Equities 17.0 Market Cap. (@$0.18) $15.0M Evolution Mining Ltd 15.1 Cash (post IPO expenses) ~$5M Board/Management 10.1 Options ($0.20) 21.8M Top 20 Shareholders 66.9 Experienced Board Rod Webster
Slide 6: Projects
Projects Highly prospective gold projects with potential for year-round news flow Alaska (IRG) Cambodia (IRG) Kurnalpi (Orogenic gold) Churchill Dam (IOCG) IRG – Intrusion-related gold IOCG – Iron oxide Cu-Au 6 AGM Presentation, 24 November 2017
Slide 7: Kurnalpi Projects
Kurnalpi Projects Kurnalpi North ▪ Strategic land position east of Kalgoorlie, WA ▪ Exploration JV with Serendipity Resources Pty Ltd (RGL 80%) ▪ Exploration hot spot – recent gold discoveries by: • Breaker – Lake Roe • Apollo - Bombora ▪ Proximity to existing mills and infrastructure ▪ Drill ready
Slide 8: Yilgani
Yilgani ▪ Along strike from Carosue Dam and Pinnacles gold deposits ▪ Multiple historic auger anomalies ▪ Previous drilling limited to shallow RAB/aircore adjacent to northern granites ▪ Southern tenement untested for 15km along Yilgangi Fault ▪ Possible folded repetition of Lake Roe Greenstone Belt
Slide 9: Kurnalpi North
Kurnalpi North ▪ Acra South/Coffee Swamp • Anomalous gold (4m @ 1.7g/t) on mafic/ultramafic contact ▪ Queen Lapage • 11km zone of anomalous gold under lake sediments ▪ Reef Tank • 1820ppb Au soil anomaly not drilled ▪ Ella/Farr-Jones • Farr-Jones (2m @ 4.71g/t) on single drill section - open at dept
Slide 10: Queen Lapage
Queen Lapage ▪ +11 km long aircore Au anomaly – untested under lake sediments ▪ Mafic/sediment contact with ultramafic rocks along contact ▪ Numerous NNE-trending late brittle structures ▪ No drill testing of structures in sediments to NE 10 AGM Presentation, 24 November 2017
Slide 11: Reef Tank
Reef Tank ▪ Multiple 1-2km long soil anomalies cross-cutting NNW stratigraphy ▪ Peak value 1,820ppb Au ▪ Arsenic “plume” suggests potential for bedrock gold mineralisation ▪ Open along strike to NE ▪ Not drilled 11 AGM Presentation, 24 November 2017
Slide 12: Farr-Jones – open at depth/along strike
Farr-Jones – open at depth/along strike “Significant quartz veining in tuffaceous sediments and black shales” “Further drill testing is warranted…” Mt Martin Gold Mines, 1992. 12 AGM Presentation, 24 November 2017
Slide 13: Kurnalpi South
Kurnalpi South ▪ Jaws • Folded BIF – analgous to Maxwells/Cockeyed Bob • Under lake sediments ▪ Round Hill/Angel Fish • Numerous surface geochem/auger Au anomalies • Minimal drilling along major structures/contacts 13 AGM Presentation, 24 November 2017
Slide 14: Churchill Dam, SA
Churchill Dam, SA ▪ Large +5mgal gravity anomaly 90km south of giant Olympic Dam Cu-Au-Ag-REE deposit ▪ Proximity to numerous other large IOCG deposits ▪ Previous drilling intersected: • hematite breccia in GRV • elevated Cu-Au-U-REE’s • potassic/sodic alteration ▪ Main part of gravity anomaly remai
Slide 15: Intrusion-related gold (IRG)
Intrusion-related gold (IRG) ▪ A relatively new gold deposit style – first recognised in the Tintina Gold Province of Alaska, USA in mid 1990’s ▪ Associated with Late Cretaceous/Tertiary magmatism ▪ Can be very large • Donlin (39Moz M+I) • Livengood (11.5Moz M+I) • Fort Knox (7Moz prod’n) • Pogo (28
Slide 16: Why Alaska?
Why Alaska? ▪ World-class mineral endowment ▪ Stable Federal/State government ▪ Established mining/exploration industry ▪ Clearly defined land status ▪ Permitting process well understood ▪ Cooperative regional native corporations Tintina Gold Province 16 AGM Presentation, 24 November 2017
Slide 17: Alaska Projects
Alaska Projects ▪ Kuskokwim Mountains - SW end of Tintina Gold Province ▪ 190km SSW of Donlin Creek (42Moz Au) ▪ Second order splay fault off “Denali-Farewell” Fault ▪ Historic placer mining area ▪ 171 State mining claims ▪ Proprietary regional geochemistry and geophysics datasets 17 AGM Presentatio
Slide 18: Luna-Quicksilver Project
Luna-Quicksilver Project ▪ >20km long mineralised fault - mostly hidden beneath shallow glacial till/alluvial layer ▪ Outcropping high-grade gold mineralisation: • Luna (up to 64.7g/t Au) • Quicksilver (up to 37g/t Au) ▪ Outcropping massive sulphide: • Luna East (1% Cu) ▪ Helimag survey recently com
Slide 19: Quicksilver High grade rock chips up to 37.5g/t Au
Quicksilver High grade rock chips up to 37.5g/t Au Luna East Massive sulphide outcrop 1% Cu, 90g/t Ag, 1 g/t Au Luna High grade rock chips up to 64.7g/t Au 19 AGM Presentation, 24 November 2017
Slide 20: Quicksilver, Luna East, Luna
Quicksilver Luna East Luna 20 AGM Presentation, 24 November 2017
Slide 21: AGM Presentation, 24 November 2017
21 AGM Presentation, 24 November 2017
Slide 22: Kisa Project
Kisa Project ▪ Outcropping breccia and mineralised dyke swarm ▪ Soil anomalism and mineralised rock chips ▪ 2007 drilling intersects wide zones of gold mineralisation in all six diamond holes: • K07-05 – 48m @ 1.18g/t Au • K07-06 – 6.1m @ 1.58g/t Au 22 AGM Presentation, 24 November 2017
Slide 23: Cambodia
Cambodia ▪ Four tenement applications adjacent to 1.13Moz “Okvau” IRG deposit ▪ High-grade rock chips surrounding Antrong granite ▪ Large soil/auger anomalies ▪ Narrow high-grade drill intercepts: ▪ Antrong ▪ O’Thmey 23 AGM Presentation, 24 November 2017
Slide 24: First 12 months
First 12 months 2017 2018 Project Sep Dec Mar Jun Sep IPO/Listing WA D D D D SA D Alaska D Cambodia News flow R R R R D – Drill program (subject to approvals) R – Results/news flow 24 AGM Presentation, 24 November 2017
Slide 25: Summary
Summary ✓ Board with a track record of successful discovery Kurnalpi - first drilling campaign completed within 4 weeks of ✓ listing – awaiting results Highly prospective projects in two world-class intrusive- ✓ related gold terranes (Alaska and Cambodia) ✓ Large untested IOCG target in South Austra
Slide 26: www.riversgold.com.au
Riversgold Ltd www.riversgold.com.au