Auris Minerals Ltd. · ASX:AUR
Auris Minerals — RNI NL — Investor Presentation (April 2016)
29 slides from Auris Minerals's investor presentation, April 2016
Slide 1: Drilling for high grade copper-gold discoveries in the heart of an exciting VHMS province
Drilling for high grade copper-gold discoveries in the heart of an exciting VHMS province Investor Presentation – April 2016 1 1
Slide 2: RNI - Corporate Snapshot
RNI - Corporate Snapshot Corporate Structure Capital Structure Non-Executive Chairman - Miles Kennedy Share Price 1.5 cents ► 30 years’ experience in the mining and exploration sectors. Former Chairman of Sandfire Resources and Shares on Issue1,2 1,175m Macraes Mining Market Cap A$17.6m Non-Executiv
Slide 3: RNI – The Value Proposition
RNI – The Value Proposition Our Advantages The Location: Proven and emerging VHMS province Bryah Basin Highly prospective for VHMS Copper and Gold Largely underexplored for VHMS deposits The Commodities: Copper - Poised for a demand / supply rebalance Copper- Gold Gold - Strong underlying
Slide 4: RNI – Corporate Comparisons
RNI – Corporate Comparisons ► The leverage of discovery: Sandfire Sirius Talisman Typical VHMS DeGrussa Nova Monty RNI Pre-Discovery – Share Price ~ $0.10 ~ $0.05 ~ $0.15 ~$0.015 (Mkt Cap ~ $18M) Post-Discovery – Share Price ~ $2.00 ~ $2.75 ~ $0.55 ? Discovery Uplift 2000% 5500% 370% ? Current Share
Slide 5: RNI - A 1,343km² Bryah Basin Copper-Gold Portfolio
RNI - A 1,343km² Bryah Basin Copper-Gold Portfolio ► A 1,343km² copper-gold portfolio in the heart of the Bryah Basin VHMS district ► Consolidated into five well-defined project areas1, 2, 3 ► RNI portfolio includes ~120km strike of prospective VHMS horizons ► Historic exploration – Focused on shall
Slide 6: The New RNI
The New RNI Our Timeline Our Advantages Oct 2015: Large copper-gold tenement portfolio in the Bryah Basin A New Start Refreshed Team (Board, Management & Exploration) with the clear focus of unlocking value from the tenements and making the next high grade VHMS discovery in the Bryah Basin An
Slide 7: The New RNI - A Rejuvenated Approach Exploring for VHMS Deposits
The New RNI - A Rejuvenated Approach Exploring for VHMS Deposits A Rejuvenated Exploration Approach 7
Slide 8: The “Fingerprints” of a VHMS
The “Fingerprints” of a VHMS VHMS deposits are not easy to find – So how do you find one? Start in a proven VHMS province – The Bryah Basin - And use typical and local VHMS characteristics to hone in on the most prospective targets Bryah Basin VHMS Style Deposits ► Narracoota Formation ► Out cropp
Slide 9: The New RNI – Our Key VHMS Prospects
The New RNI – Our Key VHMS Prospects FORREST-WODGER-BIG BILLY CUBA ORIENT-T10 9
Slide 10: Doolgunna Project
Doolgunna Project Doolgunna Project Cuba 10
Slide 11: Doolgunna Cluster
Doolgunna Cluster DOOLGUNNA PROJECT DOOLGUNNA CLUSTER ► “The Doolgunna Cluster” – DeGrussa, Monty, Red Bore, Cuba ► Doolgunna Project Located close to the high grade DeGrussa Mine (14.3Mt @ 4.6% Cu & 1.6g/t) and the Monty discovery( 1.05Mt @ 9.4% Cu & 1.6g/t gold) A wealth of historical assay pu
Slide 12: Doolgunna Project – Cuba
Doolgunna Project – Cuba B A ► The Cuba VHMS Target: ► Host Sequence - Identical to DeGrussa and Monty - Chlorite-altered siltstones, sandstones and basalts ► Geological mapping and structural interpretation - Placed Cuba within the stratigraphic repeat of the DeGrussa Formation, on the southern lim
Slide 13: Doolgunna Project – Cuba
Doolgunna Project – Cuba Section A-B ► Key deposits & prospects are all within the Narracoota (DeGrussa) Formation 13
Slide 14: Doolgunna Project – Drilling Cuba
Doolgunna Project – Drilling Cuba CUBA TARGET DRILLING ► A well defined 1000m x 400m VHMS alteration halo ► Coherent pathfinder geochemical anomalism generated from first pass aircore drilling ► Identical host rock units to DeGrussa and Monty VHMS deposits ► So….where does Cuba currently sit in the
Slide 15: Cashmans Project
Cashmans Project Cashmans Project 15
Slide 16: Cashmans Project – Orient-T10
Cashmans Project – Orient-T10 ► Cashmans Project: Orient-T10 Generated by RNI’s systematic methods of data acquisition and development. Identified using the VHMS “fingerprints” • Narracoota Formation • Mapped exhalative horizon • Intense mineral alteration • Highly anomalous pathfinder geochemis
Slide 17: Cashmans Project
Cashmans Project ► Southern Cashmans Project Area: ► ~ 30km strike length of prospective Narracoota (DeGrussa) Formation ► Includes the Orient and T10 prospects 17
Slide 18: Cashmans – Orient-T10
Cashmans – Orient-T10 ► The Orient-T10 Horizon: ► The Orient-T10 Horizon (2.7km strike length) is the priority area at the Cashmans Project ► Gossan outcrops ► Evidence of weathered sulphides ► Existence of pyrite cubes 18
Slide 19: Forrest Project
Forrest Project Forrest Project 19
Slide 20: Forrest Project – Forrest-Wodger-Big Billy
Forrest Project – Forrest-Wodger-Big Billy ► Forrest Discovery: – A remobilised VHMS (9.1m downhole @ 5.27% Cu) ► Forrest Project: Forrest, Wodger and Big Billy – Strong parallels with the Horseshoe Lights Deposit Horseshoe Lights look-alikes? 20
Slide 21: Forrest and Horseshoe Lights Geology
Forrest and Horseshoe Lights Geology HORSESHOE LIGHTS - Historical Production: 290,000 oz. Gold @ 8g/t Ore Grade 46,400 tonne Copper @ 10% Ore Grade 1,670,000 oz. Silver @ 300g/t Ore Grade ► Horseshoe Lights Mine – Remobilised VHMS mineralisation ► Historical Production: ► 290,000 oz. Gold @ 8g/t Or
Slide 22: Forrest – Wodger – Big Billy Horseshoe Lights
Forrest – Wodger – Big Billy Horseshoe Lights Narracoota Formation Ravelstone Formation Remobilised VHMS Mineralisation Major Fold Hinge ► Forrest-Wodger-Big Billy - Horseshoe Lights look-alikes? • VHMS mineralisation at Forrest • VHMS pathfinder signatures at Forrest, Wodger and Big Billy • Analo
Slide 23: Morck’s Well Project
Morck’s Well Project Morck’s Well Project 23
Slide 24: Morck’s Well Project
Morck’s Well Project ► Morck’s Well: Project area exhibits many VHMS characteristics: • Exhalative horizons mapped over extensive strike lengths • Significant alteration halos in proximity to exhalative horizons ► Morck’s Well: Huge potential and largely unexplored for VHMS deposits 24
Slide 25: Exploration Program – Going Forward
Exploration Program – Going Forward Timeline Program May – June 2016: Drilling and DHEM at Cuba Target prep work at Orient-T10 Target prep work at Forrest-Wodger-Big Billy June – July 2016: Cuba assay and geochem results Target prep work at Orient-T10 Target prep work at Forrest-Wodger-B
Slide 26: The Bryah Basin VHMS Deposits & Prospects
The Bryah Basin VHMS Deposits & Prospects Cuba Prospect – All the right indicators Drill ready target Typical VHMS DeGrussa Monty Horseshoe Cuba Orient Forrest Stratigraphic setting Yes Yes Yes Yes Yes Yes Exhalative horizons Yes Yes Yes Yes Yes Yes Significant alteration halo Yes Yes Yes Yes Yes
Slide 27: RNI - Capital Growth Opportunities
RNI - Capital Growth Opportunities Opportunities RNI Driven A high grade VHMS discovery Opportunities Leveraging off our advantages to produce a pipeline of targets External Maximising opportunities to extract value from our Opportunities strong tenement position and key prospects In a commer
Slide 28: Competent Person & Forward Looking Statements
Competent Person & Forward Looking Statements Competent Person’s Statement Information in this announcement that relates to exploration results is based on and fairly represents information and supporting documentation prepared and compiled by Albert Thamm BSc (Hons) MSc, F.Aus.IMM (CP Management) w
Slide 29: Contact: David Morgan – Chief Executive Officer
Contact: David Morgan – Chief Executive Officer 34 Bagot Road, Subiaco WA 6008 PO Box 298, West Perth WA 6872 P +61 8 9489 9200 / F +61 8 9489 9201 E general@rninl.com.au / W www.rninl.com.au 29