Red Metal Limited · ASX:RDM
Red Metal — Noosa Mining Conference July 2017
30 slides from Red Metal's conference presentation, Jul 21, 2017
Slide 1: Project Summary – Noosa Mining July 2017
For personal use only ASX:RDM PROJECT SUMMARY NOOSA MINING JULY 2017 COPPER-GOLD LEAD-ZINC-SILVER NICKEL-COPPER AUSTRALIA
Slide 2: Caution Regarding Forward-Looking Statements
• Caution Regarding Forward-Looking Statements For personal use only • Statements regarding the Company’s plans with respect to exploring its projects are forward-looking. There can be no assurance that any mineralisation identified will be proven to be economic, that future evaluation work will con
Slide 3: Snap Shot / Near Term Activity
Snap Shot Near Term Activity For personal use only • Australia Base Metal Focus • Proven and Frontier Terrains • Advanced Maronan Lead-Silver Project • Significant Inferred Resources • Including 30Mt @ 6.5% Pb, 106g/t Ag (3.4% Cu Equ.) • Seeking funding towards BFS • Drill Ready Geophyical Targets i
Slide 4: Carpentaria Zinc Province
Carpentaria • Carpentaria Zinc Province For personal use only • Multiple “Tier 1” zinc deposits • Worlds most productive zinc-lead-silver terrain • 1.7Bn tonnes of lead-zinc-silver ore • >120Mt of zinc, 84Mt lead and 5.36Boz of silver • “Carpentaria is for zinc what the Andes is for copper” Carpenta
Slide 5: Maronan Lead-Silver & Copper-Gold
Maronan Lead-Silver & Copper-Gold • 100% Red Metal For personal use only • Two separate mineral systems • Bedded Cannington or Broken Hill-type Eloise silver-lead mineralisation • Partially overprinted by Osborne-type copper-gold Maronan • Significant Inferred Resources (JORC) • 30Mt @ 6.5% lead, 10
Slide 6: Maronan: The Game Changer
Maronan The Game Changer For personal use only • Simple Processing • Coarse-grained and soft lead-silver ore • Outstanding recoveries, • Low-cost processing • Lowers economic cut-off grade to ~3.1% Pbeq • Allows mining of thicker and shallower ore lenses
Slide 7: Maronan: The Game Changer
Maronan The Game Changer For personal use only • Simple Processing Surface • Coarse-grained and soft lead-silver ore • Outstanding recoveries • Low-cost processing • Lowers economic cut-off grade to ~3.1% Pbeq • Allows mining of thicker and shallower ore lenses • Favorable Geometry Northern Fold • M
Slide 8: Maronan Upside
Maronan Upside For personal use only • Simple Processing • Coarse-grained and soft lead-silver ore • Outstanding recoveries • Low-cost processing • Lowers economic cut-off grade to ~3.1% Pbeq 0m RL • Allows mining of thicker and shallower ore lenses • Favorable Geometry • Multiple ore horizons -300m
Slide 9: Maronan Proposed Infill Drilling
Maronan Lead-Silver & Copper-Gold For personal use only • Infill and step-out drilling is both economically and geologically valid • Currently seeking funding towards BFS Long Sections – Proposed Infill Drilling
Slide 10: Maronan Peer Comparison
Maronan Peer Comparison For personal use only • Inferred Resources • 30Mt @ 6.5% lead, 106g/t silver (3.4% Cu Equivalent) • 11Mt @1.5% Cu, 0.8g/t Au (2.1% Cu Equivalent) $A In Ground Value (Billion) Copper Equivalent Grade % 8.1 3.4% Cu Equ. 1.8 2.1% Cu Equ. Copper equivalent calculated using USD co
Slide 11: 3x Step Change in Long Term Lead Price
Maronan 3x Step Change in Long Term Lead Price For personal use only 3X increase in long term lead price Some Tier 2 projects now economically viable Some Tier 2 Now Viable ~3X Only Tier 1 Viable
Slide 12: 3x Step Change in Long Term Silver Price
Maronan 3x Step Change in Long Term Silver Price For personal use only 3X increase in long term silver price Some Tier 2 projects now economically viable Some Tier 2 Now Viable Only Tier 1 Viable ~3X
Slide 13: Project Summary – Lawn Hill Zinc-Lead-Silver
For personal use only ASX:RDM PROJECT SUMMARY JULY 2017 LAWN HILL ZINC-LEAD-SILVER
Slide 14: Lawn Hill Zinc-Lead-Silver
Lawn Hill Zinc-Lead-Silver For personal use only • Scope for more than one giant zinc deposit type in the Lawn Hill region • Where is the giant McArthur River or Mount Isa style deposit?
Slide 15: Lawn Hill: New Zinc Plays
Lawn Hill New Zinc Plays For personal use only • New Red Metal regional interpretation • Defined several previously untested zinc plays under shallow cover • Resulting in a number of TARGET2 TARGET 2 new exploration licenses TARGET TARGET11 being secured • New VTEM survey flown and interpreted (GSQ/
Slide 16: Lawn Hill: Significant Conductors
Lawn Hill Significant Conductors For personal use only • Two strong stratiform conductors identified in historic ground EM data • Interpreted as McArthur River equivalent stratigraphy - Riversleigh Siltstone ~100m Younger Cover Conductor 2 Very Strong Conductor s Prospective for McArthur River Style
Slide 17: Lawn Hill: Significant Conductors
Lawn Hill Significant Conductors For personal use only • Lag sampling defines low level zinc, silver, cadmium, copper and thallium anomalism above conductors • Considered significant as 50-200m transported cover Untested Conductor Low Level Zinc in Lag Historic Ground EM Conductivity Plan
Slide 18: Lawn Hill: Significant Conductors
Lawn Hill Significant Conductors For personal use only • New airborne electromagnetic survey (VTEM) 200m Conductivity Depth Slice C6 C7 C4 C5 Conductor 2 Conductor 1 C3
Slide 19: Lawn Hill: Drill Ready
Lawn Hill Drill Ready For personal use only • Inversion modelling define two standout stratiform conductors ready for drill testing Conductor 1: Strong conductor under 120m of cover, weakly anomalous surface lag, source may be prospective zinc stratigraphy? 3000 metres Conductor 2: Highly conductive
Slide 20: Lawn Hill: Mount Isa Zinc
Lawn Hill Mount Isa Zinc For personal use only • 27km long by ~1km thick, heavily pyritic and carbonaceous sub-basin – highly conductive • 1-2km ore zones within >6km geochemical halo Ore Zones Pyritic Urquhart Shale Lead Halos
Slide 21: Lawn Hill: Conductor vs Mount Isa
Lawn Hill Nice One! For personal use only • Conductor 2 vs Mount Isa Conductor 2 Conductor 1 175m Conductivity Depth Slice
Slide 22: Project Summary – Leichhardt Copper-Gold
For personal use only ASX:RDM PROJECT SUMMARY JULY 2017 COPPER-GOLD LEICHHARDT, QLD
Slide 23: Leichhardt Copper-Gold
Leichhardt Copper-Gold For personal use only Jimmy’s Creek Breccia Prospect Felsic/Int Volcanic Hosted Leichhardt Red Metal 100% 154m @ 0.4% Cu, 0.1g/t Au, 10g/t Ag Untested Magnetic Targets Little Eva Felsic/Int Volcanic Hosted 70Mt @ 0.57% Cu,0.08g/t Au 3D Magnetic Imagery • Large Magnetite IOCG D
Slide 24: Leichhardt: Mineralised Breccia
Leichhardt Mineralised Breccia • Doppler For personal use only • Regionally significant magnetic target in NW structural jog • Low density felsic volcanic trend Untested Doppler Magnetic Target • Dense source hidden by gravity gradient • Jimmy’s Creek Breccia Prospect • Felsic volcanic-hosted sulphi
Slide 25: Leichhardt: Brilliant!
Leichhardt Brilliant! • Doppler For personal use only • Regionally significant magnetic target in NW structural jog • Low density felsic volcanic trend Untested Doppler Magnetic Target Why gravity low ??? • Dense source hidden by gravity gradient The Untested “Doppler” Magnetic Target Dense source h
Slide 26: Project Summary – Punt Hill & Pernatty Copper-Gold
For personal use only ASX:RDM PROJECT SUMMARY JULY 2017 PUNT HILL & PERNATTY COPPER-GOLD SA
Slide 27: Punt Hill & Pernatty Copper-Gold
Punt Hill & Pernatty Copper-Gold • Carrapateena For personal use only • Hematite IOCG breccia • 134Mt @ 1.5%Cu, 0.6g/t Au, 6.5g/t Ag • Host in older granite • Very weakly magnetic Magnetic Gravity Vertical Gradient Imagery
Slide 28: Punt Hill & Pernatty Copper-Gold
Punt Hill & Pernatty Copper-Gold Vertical Gradient Imagery For personal use only ERA 846 ERA 846 Ground Hog Ground Hog PH1 PH1 EL5107 EL5107 PH1 PH1 Carrapateena Look Alike Carrapateena Look Alike Gravity Magnetic
Slide 29: Punt Hill & Pernatty: Wow!
Punt Hill & Pernatty Wow! For personal use only Vertical Gradient Imagery PH1 Carrapateena Look Alike PH1 Carrapateena Look Alike
Slide 30: Near Term: Why only $28M?
Near Term Why only $28M? For personal use only • Australia Base Metal Focus • Proven and Frontier Terrains • Advanced Maronan Lead-Silver Project • Significant Inferred Resources • Including 30Mt @ 6.5% Pb, 106g/t Ag (3.4% Cu Equ.) • Seeking funding towards BFS • Drill Ready Geophyical Targets in Pr