Red Rock Resources Plc · LSE:RRR
Red Rock Resources — Investor Presentation (February 2024)
19 slides from Red Rock Resources's investor presentation, Feb 29, 2024
Slide 1: The Opportunity in Burkina Faso
The Opportunity in Burkina Faso FASO GREENSTONE RESOURCES EXPLORING WEST AFRICA’S GREENSTONES FEBRUARY 2024
Slide 2: Disclaimer
Disclaimer FASO GREENSTONE RESOURCES These presentation materials (the “Presentation Materials”) are being distributed in the UK only to persons having professional experience in matters relating to investments and who are investment professionals as specified in Article 19(5) of the Financial Servi
Slide 3: The country
The country FASO GREENSTONE RESOURCES Ouagadougou Bobo Dioulasso Bilbale Boulon Surface area: 274,200 km2 Population (2021): 22,100,683 Life expectancy at birth (2020): 60 GDP (2021): 19.71 billion usd World Bank statistics
Slide 4: Our story so far….
Our story so far…. FASO GREENSTONE RESOURCES ➢ The major part of the gold-bearing West African greenstones lie not in Ghana, where the bulk of historic discoveries have been made due to its established mining infrastructure and long gold production history, but in the countries to its North and West
Slide 5: The Opportunity
FASO GREENSTONE The Opportunity RESOURCES To assemble a strong team with the qualifications to identify and fast track some of the best Gold prospects of Burkina Faso within the West Africa gold province BILBALE 183.62 km2 First two Projects acquired BOULON 164.28 km2 5
Slide 6: Objectives
Objectives FASO GREENSTONE RESOURCES ➢ Faso Minerals aims to (a) develop an alluvial project and (b) discover two hard rock gold deposits for mine development and obtain a public listing or other liquidity event within two years. ➢ Other projects will be sold, joint ventured, or left in the project
Slide 7: FGR Projects
FASO GREENSTONE FGR PROJECTS RESOURCES BILBALE BOULON 7
Slide 8: Bilbale Gold Project
FASO GREENSTONE Bilbale Gold Project RESOURCES Faso exploration has included: ➢ Mapping of Bilbale artisanal gold working site Djikologo Bilbale ➢ Rock geochemistry over project area = 108 samples ➢ Termite mound geochemistry over Bilbale artisanal site = 29 samples ➢ 7 holes RC drill campaign (tota
Slide 9: Bilbale Gold Project
FASO GREENSTONE Bilbale Gold Project RESOURCES 76.17 g/tAu 8.1 g/tAu 17m@1.25g/tAu inc. 4m@3.10g/tAu Dadone Benvar 2.57 g/tAu Tampoa 2.56 g/tAu 11.4 g/tAu Bilbale Djikologo Nakar-Irpale-N Zodoum 20m@3.19g/tAu inc. 2m@10.6g/tAu Nakar-Irpale 3.7 g/tAu Sero Bontioli 6.25 g/tAu Koulagang 20m @ 3.19g/tAu
Slide 10: Bilbale Gold Project Djikologo Drilling
Bilbale Gold Project FASO GREENSTONE Djikologo Drilling RESOURCES Best intercepts BilR22-03: 20m @ 3.19 g/t from 22 meters depth, including 2m @ 10.6 g/t Gold in this locality is clearly controlled by the quartz veins associated with shear zone within the mafic metavolcanics. 10
Slide 11: Bilbale Gold Project Djikologo Drilling
Bilbale Gold Project FASO GREENSTONE RESOURCES Djikologo Drilling Exploration Programme Summary of 2022 drilling results ❖ Regolithic mapping (regional) and geological mapping (semi-detailed scale) Two targets (Djikologo and Bilbale sites) were RC drilled in 7 holes totaling 778 m. ❖ Auger drilling
Slide 12: Bilbale Gold Project – No 1 Priority: The Alluvial Project
Bilbale Gold Project – No 1 PRIORITY FASO GREENSTONE RESOURCES The Alluvial Project Q2 2024 Illustrative daily gold production from alluvial deposits at different assumptions (ounces)(Q2 2024 development) Oz per day Number of of 3 tph 4.5 tph 6 tph Washing 10 hrs 10 hrs 10 hrs units 1.5 g/t 2 g/t 4.
Slide 13: Boulon Gold Project Historical data
Boulon Gold Project FASO GREENSTONE RESOURCES Historical data ➢ Surface = 164.28 km² 14m@2.93 g/tAu 2m@9.45 g/tAu 5m@3.98 g/tAu, 3m@2.91 g/tAu, Labola 7m@12 g/tAu Danfora ➢ Located within the prospective Banfora 10m@3.3 g/tAu 9m@7.7 g/tAu, greenstone belt 5m@7.0 g/tAu, ➢ Presence and neighbouring of
Slide 14: Boulon gold project Historical data
Boulon gold project FASO GREENSTONE RESOURCES Historical data Boulon historical wide-spaced soil geochemistry Lithium (Gold and Arsenic) results occurrences Grid: 500m x 200m 14 Exploration zones at Boulon from FGR’s 2022 rock geochemistry
Slide 15: Corporate: The Strategy
FASO GREENSTONE CORPORATE RESOURCES THE STRATEGY ➢ Bilbale Alluvial Project into operation in H1 2024 ➢ To complete exploration objectives for 2024 at Boulon ➢ With over 10 applications prepared for prospective ground once moratorium is lifted, to be ready to file immediate applications for further
Slide 16: Thank you
FASO GREENSTONE Thank you RESOURCES THANK YOU 16
Slide 17: Background - The Mining and Political Environment
Background - The Mining FASO GREENSTONE and Political Environment RESOURCES Principal Terms and Conditions of License Grant Political and Security Developments ➢ Attractive mining code, simple and secure, with fixed terms ➢ Terrorist Activity in North and East of country, as in Mali, has ➢ Exemption
Slide 18: Background - The Company
Background - The Company FASO GREENSTONE RESOURCES Faso Greenstone Resources SARL Faso Greenstone Resources SARL (FGR) is a Burkina Faso Company formed for the purpose of Dadone artisanal gold exploration. gold working site The in-country team is made up of experienced geologists and managers who ha
Slide 19: Background - The team
Background - The team FASO GREENSTONE RESOURCES Dieudonné Dakissaga, Country Manager of FGR, is a Senior Exploration Geologist with more than 25 years of experience. Chief Exploration Geologist for Nordgold in Burkina Faso from 2011 to 2017, he has also worked in Ivory Coast, Guinea Conakry and Fren
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