Riversgold Ltd. · ASX:RGL
Riversgold — Shareholder Meeting (November 2018)
39 slides from Riversgold's shareholder meeting presentation, Nov 30, 2018
Slide 1: Hitting the ground running…
Hitting the ground running… Annual General Meeting – 30 November 2018 Allan Kelly Managing Director
Slide 2: Outline
Outline ▪ Welcome ▪ Company Vision and Strategy ▪ The first twelve months • South Australia • WA Projects • Alaska ▪ Capital Raising Update ▪ The path forward ▪ Questions Farr-Jones historic drilling, Sept 2017 2 AGM Presentation - 30 November 2018
Slide 3: Why are we here?
Why are we here? “Riversgold’s aim is to create superior value for its Shareholders by Vision discovering and monetising world-class mineral projects.” • Build a portfolio of world-class mineral projects through exploration and /or acquisition • Regularly refresh the project portfolio, by seeking ne
Slide 4: Highly prospective gold projects in world-class gold terranes
Highly prospective gold projects in world-class gold terranes 2 part exploration strategy: SW Alaska ▪ Explore for potential near- (IRG) term development assets within trucking distance of existing processing plants in Eastern Goldfields of Western Australia Cambodia ▪ Explore for “company makers”:
Slide 5: Riversgold – The first 12 months
Riversgold – The first 12 months ▪ Successfully completed $6.1M IPO and listed on ASX on 10 October 2017 • $2.5M cornerstone investment by Australia’s 2nd largest gold producer – Evolution Mining Limited ▪ Hit the ground running after listing - producing regular news flow: • First drilling campaign
Slide 6: Money spent in the ground – not on overheads
Money spent in the ground – not on overheads • ~75% of cash outflow since listing has been spent on active exploration programmes in WA and Alaska • We have drilled every Quarter since listing whilst preparing other targets for future drilling programmes • We have also added to our strategic land po
Slide 7: Active exploration programmes across WA and Alaska…
Active exploration programmes across WA and Alaska… Target Dec 17 Mar 18 Jun 18 Sept 18 Dec 18 Mar 19 Jun 19 DRILLING Yilgani DRILLING DRILLING gravity Acquisition Cutler DRILLING DRILLING DRILLING /permitting Venetian geochem geochem geochem Access Tenement DRILLING Farr-Jones/Horan DRILLING DRILLI
Slide 8: …in a tough market for junior explorers
…in a tough market for junior explorers • Larger Companies (>$50M Market Cap) • Down 3.3% over the week, down 4% over the month, and over 6 months down 4.9%. S/P ASX Small Resources Index (XSRD) • Medium & Smaller Companies • Companies with a Market Cap between $10M to $50M were not hit as hard, but
Slide 9: Churchill Dam
Churchill Dam Looking for a large IOCG deposit in the Olympic Cu-Au Province of South Australia ▪ Large gravity anomaly similar in scale to Olympic Dam – mostly untested ▪ Approvals received for diamond drilling • Refining of drill targets underway ▪ Recent Oak Dam drilling results reinforces potent
Slide 10: Churchill Dam
Churchill Dam Key Ingredients: ▪ Large +5mgal Bouguer gravity anomaly • similar scale to Olympic Dam ▪ Numerous residual gravity anomalies large enough to host a Carrapateena-sized IOCG deposit • (i.e. >100Mt @ 1% Cu, 1g/t Au) ▪ Enzyme Leach “rabbit ear” anomalies ▪ Previous drilling intersected hem
Slide 11: Kurnalpi Region Projects
Kurnalpi Region Projects Strategic land position in the Eastern Goldfields of WA
Slide 12: Kurnalpi Projects, WA
Kurnalpi Projects, WA ▪ Strategic land position on the “Randall Fault”, 70km E of Kalgoorlie, WA • Limited drilling >100m deep • Proximity to existing processing plants ▪ Potential for multiple new gold discoveries at Farr-Jones/Horan ▪ >500m long mineralised structure with high- grade gold results
Slide 13: Farr-Jones/Horan
Farr-Jones/Horan ▪ RC drilling has identified high-grade gold mineralisation beneath soil anomalies • Farr-Jones • North Farr-Jones ▪ Recent soil surveys highlight potential for multiple gold occurrences over >2.5km of strike • Eales – up to 84ppb Au in soil • Little – up to 41ppb Au in soil • Horan
Slide 14: Farr-Jones - grade and width increasing with depth
Farr-Jones - grade and width increasing with depth Soil Au anomaly 2m @ 0.21g/t Au 4m @ 1.40g/t Au 160m 5m @ 1.89g/t Au 2m @ 4.71g/t Au 3m @ 17.8g/t Au 3m @ 2.36g/t Au 1m @ 2.28g/t Au (EOH) 14 AGM Presentation - 30 November 2018
Slide 15: Farr-Jones - drilling results
Farr-Jones - drilling results Grade Hole From To Interval g/t FJRC0001 182 185 3 17.8 Including 1 48.5 192 193 1 4.97 197 198 EOH 1 2.28 FJRC0002 119 123 4 6.26 including 2 11.94 130 132 2 7.49 FJRC0003 87 91 4 1.43 FJRC0009 166 169 3 0.78 FJRC0012 138 139 1 2.85 153 154 1 2.85 168 173 5 0.78 includ
Slide 16: Cutler
Cutler ▪ RC drilling has intersected high grade oxide gold and a mineralised structure over at least 500m of strike: • CURC0002 – 3m @ 6.18g/t Au (oxide) • CURC0003 – 10m @ 1.30g/t Au • CURC0010 – 4m @ 5.31g/t Au (oxide) ▪ Best bedrock result - 1m @ 62.9g/t Au • open to north • only tested to 130m d
Slide 17: Cutler – high grade gold open along strike
Cutler – high grade gold open along strike ▪ Primary mineralisation - open down-plunge: • 1m @ 62.9g/t Au • 2m @ 3.9g/t Au • 3m @ 2.2g/t Au • 10m @ 1.3g/t Au ▪ Oxide zone: Primary mineralisation • 10m @ 11.0g/t Au • 4m @ 5.3g/t Au • 3m @ 6.18g/t Au • 6m @ 11.1g/t Au • 1m @ 19.0g/t Au *See ASX Releas
Slide 18: Queen Lapage Target
Queen Lapage Target ▪ 17km segment of mineralised “Randall Shear Zone” - 11km under Lake Yindarlgooda ▪ Along strike from historic Queen Lapage open pit gold mine ▪ Anomalous gold in historical drilling along mafic/ultramafic/sediment contact ▪ Numerous late NE-trending brittle faults • felsic/sedim
Slide 19: Queen Lapage Target
Queen Lapage Target Invincible Queen (+2Moz Au) Lapage Mineralised shear zone ✓ ✓ Volcanic/sediment contact ✓ ✓ Late NE-trending faults ✓ ✓ Lake sediment cover ✓ ✓ Stripped weathering profile ✓ ✓ Invincible discovery diamond drill holes at same scale TMI magnetics over 1VD 19 AGM Presentation - 30 N
Slide 20: Yilgani
Yilgani ▪ 25km segment of “Yilgangi Fault” • along strike from Carosue Dam and Pinnacles gold deposits ▪ Folded repetition of Lake Roe belt? ▪ Wide-spaced aircore drilling defines 2.5km long zone of gold and pathfinders ▪ Similar structural setting to Carosue Dam • Dilational jog adjacent to granite
Slide 21: Alaska – Land of the Giants
Alaska – Land of the Giants Looking for a large Intrusion-Related Gold deposit in the world-class Tintina Gold Province
Slide 22: SW Alaska Projects
SW Alaska Projects ▪ ASX first mover in Tintina Gold Province, southwest Alaska, USA ▪ 100% owned State mining claims over large Intrusion-Related Gold (IRG) targets ▪ 150km south of the giant Donlin Creek gold deposit (45Moz Au) ▪ Proprietary regional geochemical and geophysical datasets ▪ First fi
Slide 23: Alaska Projects - Regional Geology and History
Alaska Projects - Regional Geology and History ▪ Kuskokwim Group sediments (95-76Ma) ▪ Volcanism/magmatism (~70Ma) • Granitic plutons • Felsic dykes/sills • Volcanic flows ▪ Dextral strike-slip motion coincident with 70Ma Donlin Creek 45Moz Au gold event ~135km dextral offset along the Denali-Farewe
Slide 24: Building a strategic land position
Building a strategic land position ▪ Multiple high-grade gold occurrences identified within 40km long “North Fork Fault” corridor ▪ Outcropping high-grade gold mineralisation: ▪ Luna ▪ Quicksilver ▪ Gemuk ▪ New claims staked over high- grade veins at Midway Hill ▪ Outcropping massive sulphides at Lu
Slide 25: Gemuk Mountain
Gemuk Mountain ▪ 2km zone of high-grade gold in “Pluton Fault” ▪ Historic rock chip sampling up to 100g/t Au • Sb up to 35.8% ▪ 2018 rock chip sampling • 3.95 – 90g/t Au ▪ Soil anomalism up to 1.27g/t Au in parallel structure ▪ Helimags planned for 2019 *See Appendix for ASX Announcements 25 AGM Pre
Slide 26: Midway – high-grade epithermal quartz veins
Midway – high-grade epithermal quartz veins 6.71g/t Au 6.43g/t Au *See Appendix for ASX Announcements 11.65g/t Au 26 AGM Presentation - 30 November 2018
Slide 27: Extension of detailed helimag survey planned
Extension of detailed helimag survey planned ▪ Plans to extend helimag survey to cover Midway/Gemuk claims ▪ 100m line spacing ▪ To be flown prior to 2019 field season 27 AGM Presentation - 30 November 2018
Slide 28: Quicksilver
Quicksilver ▪ Large granite pluton with dextral strike-slip fault ▪ +1km long zone of rock chips >2g/t Au ▪ Large soil anomalies up to 2.5g/t Au ▪ Massive arsenopyrite veins – average 8g/t Au • Up to 37.6g/t Au and 35g/t Ag ▪ Mineralised porphyry dikes • 2-13g/t Au with up to 56.2g/t Ag *See Appendi
Slide 29: Quicksilver – multiple high-grade sulphide veins
Quicksilver – multiple high-grade sulphide veins *See Appendix for ASX Announcements 29 AGM Presentation - 30 November 2018
Slide 30: Luna
Luna ▪ Felsic porphyry dikes intruding black shale ▪ Thin glacial till/alluvium cover till ▪ Previous rock chip results: • Up to 64.7g/t Au and 74g/t Ag shale • 0.5% Co, 0.28% Pb, 0.9% Zn ▪ IP survey completed July 2018 – numerous Qtz-feldspar porphyry chargeability responses: • under main outcrop •
Slide 31: Luna - IP Survey (July 2018)
Luna - IP Survey (July 2018) ▪ Pole-dipole survey LUNA EAST • 400m spaced NW-SE lines IP Chargeability • 300m spaced E-W follow- (-50m) North Fork up lines Fault LUNA • 50m station spacing ▪ Multiple IP responses: 6E • Luna outcrop (not tested) • 400m SW of Luna (6E) • Luna East • North Fork Fault *
Slide 32: Luna/Quicksilver drilling
Luna/Quicksilver drilling ▪ Drilling adversely impacted by weather and mechanical issues ▪ All three 3 holes intersected anomalous Au and As beneath mineralised outcrop: ▪ LQDD001 (Luna): • Qtz/fsp porphyry with disseminated pyrite ▪ LQDD002 (Luna East): Massive arsenopyrite vein, LQDD003 • Qtz/fsp
Slide 33: Capital Raising Update
Capital Raising Update ▪ Placement Proforma Post-Placement • $0.5M raised from existing shareholders Shares on Issue 89.9M • Evolution - $240,000 Market Cap (@8.5c) $7.6M • 89.9M shares on issue post-placement Cash $1.2M ▪ SPP EV $6.4M • Offer price 7.5c per share • Up to $15,000 per shareholder • C
Slide 34: Summary
Summary ▪ Riversgold hit the ground running after listing and has actively explored its projects in two world-class gold provinces: • Eastern Goldfields of Western Australia • Tintina Gold Province of Southwest Alaska, USA ▪ The Company has identified potential for multiple new gold occurrences at F
Slide 35: The next 6-12 months…
The next 6-12 months… ▪ Determine potential for economic gold mineralisation at Farr- Jones/Horan and Cutler that could be monetised in the near-mid term ▪ Complete the first drilling campaign(s) at Queen Lapage with aim of determining the potential for a multi-million ounce gold deposit under Lake
Slide 36: Acknowledgements
Acknowledgements ▪ Employees ▪ Contractors/Consultants ▪ Board ▪ Shareholders • Evolution Mining Limited 36 AGM Presentation - 30 November 2018
Slide 37: Questions?
Questions? 37 AGM Presentation - 30 November 2018
Slide 38: www.riversgold.com.au
«— —__SS * Riversgold Ltd www.riversgold.com.au
Slide 39: Competent Person Statement
Competent Person Statement The information in this document that relates to Exploration Results is based on information compiled by Mr Allan Kelly, a Competent Person who is a Member of The Australian Institute of Geoscientists. Mr Kelly is the Managing Director and CEO of Riversgold Ltd. He is a fu