Renascor Resources Ltd · ASX:RNU
Renascor Resources — Investor Presentation (April 2014)
18 slides from Renascor Resources's investor presentation, Apr 22, 2014
Slide 1: Capital Raising Presentation: New Discovery in the Olympic Dam Copper Belt
Renascor Resources Limited ASX code: RNU Capital Raising Presentation For personal use only New Discovery in the Olympic Dam Copper Belt April 2014 Renascor Resources 1
Slide 2: Important notice
Important notice For personal use only Forward Looking Statements This Presentation may include statements that could be deemed “forward-looking” statements. Although Renascor Resources Limited (the “Company”) believes the expectations expressed in such forward-looking statements are based on reason
Slide 3: Investment summary
Investment summary For personal use only New Copper Discovery • High-grade mineralised system adjacent to untested fault zone • Discovered in first target drilled – 1050 East prospect • Potential for large-scale, near-surface copper resource • 13m at 1.45% Cu, 66 ppm Ag and 0.17% Co (from 215m) (EED
Slide 4: Corporate profile
Corporate profile For personal use only • ASX code RNU • Shares on issue 114.8m • Options 6.2m(1) • Cash (31 Mar 14) ~$1.0m • Share price (15 Apr 14) $0.073 • Market capitalisation $8.4m • Enterprise Value $7.4m • Top 20 shareholding 64% • Board shareholding 47% (1) Option breakdown: 5,450,000 optio
Slide 5: Eastern Eyre Project Overview
Eastern Eyre Project Overview For personal use only Tenements & ownership EL 4721, EL 5012 and EL 5236 (100%), ELAs 2008/00076 and 2010/00387 (option to earn 100%) Location Southern Gawler Craton Area 1,534 km2 Prominent Hill Primary target Copper 210 Mt @ 1.22% Cu from ~100m depth Discovered 2001 •
Slide 6: Extensive ore-grade Cu
1050 East Extensive ore-grade Cu For personal use only 1050 East prospect, showing drill collar High-grade copper in first geology and IP summary plan prospect drilled • New copper discovery in untested fault zone • Massive high-grade copper sulphides, with results including: 13m at 1.45% Cu, 66 ppm
Slide 7: Drill results: Multiple ore-grade Cu intersections
1050 East Drill results: Multiple ore-grade Cu intersections For personal use only TOTAL DEPTH FROM Interval Copper Silver Cobalt HOLE TYPE MGAE MGAN (meters) (metres) TO (metres) (metres) Cu % (Ag) ppm (Co) ppm EERC001 RC 722937 6374239 150.0 44 46 2 0.12 4 23 EERC002 RC 722927 6374420 200.0 60 64
Slide 8: EEDD012 - massive sulphides
1050 East EEDD012 - massive sulphides For personal use only Host rock associated with Hiltaba/GRV Moonabie formation Olympic Dam age Portion of 3m @ 4.0% Cu, 164 ppm Ag and 0.42% Co Hole EEDD012 – portion of massive sulphide interval from 217.5 metres to 221.5 metres Renascor Resources 8
Slide 9: Section 6374400N – drill results
1050 East Section 6374400N – drill results For personal use only • Extensive Cu in all five Renascor holes • Multiple massive sulphide zones • 50m to 70m width by 180m down-dip extent - Best current intercepts at eastern and western limits of drilling (holes DD012 and DD013) Extensive ore-grade copp
Slide 10: Section 6374400N – expansion targets
1050 East Section 6374400N – expansion targets For personal use only • Sediment-hosted copper - Shallow depth (from 50m) - 1,400m x 400m sulphide zone to the east • Massive sulphide - Developed in untested Angle Dam fault zone - Increasing in grade and width at depth Immediate 1050 East, showing cro
Slide 11: Next Steps: Shallow copper targets
1050 East – Next Steps Shallow copper targets For personal use only • Copper Belt setting - Near-surface sediment hosted disseminated copper • Immediate target zone - Continuation of mineralised trend 1,400m x 400m, open to south <40m depth, 40m-70m thickness - Untested • Significant tonnage pot
Slide 12: Next Steps: Massive sulphide potential
1050 East – Next Steps Massive sulphide potential For personal use only • Significant scope for fault- controlled massive sulphide development - Steeply dipping Angle Dam fault zone immediately west of IP anomaly trend - Earlier drilling too shallow and too far east - Angle Dam fault zone extends 20
Slide 13: Eastern Eyre Project: Untested fault zones
Eastern Eyre Project Untested fault zones For personal use only • New copper zones - 1050 East new copper discovery - Targeted by combining results from historical RAB drilling in narrow 1050 area with: Structural geology approach (fault zones) IP and other geophysics • Angle Dam fault - Control
Slide 14: Uranium Projects
Uranium Projects Summary For personal use only • Renascor maintains strong uranium exploration portfolio • Uranium market − Japan’s policy to turn on nuclear reactors may trigger price recovery Strategy: limit current spend, while maintaining upside Map of Renascor’s Frome Project and significant ur
Slide 15: Offer Details
Offer Details For personal use only • Firm commitments received from professional and sophisticated investors to raise approximately $0.6 million through share placement at $0.05 per share • Issue price represents a: • 22.3% discount to the 5 day VWAP Placement • 22.8% discount to the 10 day VWAP •
Slide 16: Use of funds – through 2014
Use of funds – through 2014 For personal use only Sources Available cash as at 31 March 2014 ~$1.0m Offer proceeds(1) ~$1.5m Total $2.5m Uses (1) Exploration and drilling activities $1.6m Corporate, finance and administration $0.7m Working capital $0.1m Expenses of the Offer $0.1m Total $2.5m Notes:
Slide 17: Work Program
Work Program For personal use only 2014 Q2 Q3 Q4 Activity A M J J A S O N D 1050 sediment-hosted copper Data review IP RC drilling 1050 massive sulphide Geophysics/geochemistry Data review Diamond drilling Angle Dam targets Geophysics/geochemistry RC/Diamond drilling Note: (1) Dates are indicative o
Slide 18: Summary
Summary For personal use only • New copper discovery at 1050 East First drill program in Eastern Eyre project Immediate follow-on drilling to test for: o Shallow sediment-hosted copper o High-grade, massive sulphides • Pipeline of new, untested targets Strong news flow from active drill programs
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