Slide 1: Investor Presentation
Investor Presentation November 2020 A gold and base metals explorer diversifying into two world class jurisdictions and exploration areas: Western Australia and Lachlan Fold Belt, New South Wales
Slide 2: Disclaimer
Disclaimer Disclaimer This presentation has been prepared by MinRex Resources Limited (MinRex, MRR or the Company). Certain information in this presentation has been derived from third parties and while MinRex has no reason to believe that it is not accurate, reliable or complete, it has not been in
Slide 3: Investment Highlights
Investment Highlights MinRex to acquire highly prospective Lachlan Fold Belt position Binding agreements signed to acquire consolidated position in highly prospective East Lachlan Fold Belt East Lachlan Fold Belt is an exploration hotspot with recent high-profile discoveries (eg, Boda) Ground
Slide 4: East Lachlan Fold Belt
East Lachlan Fold Belt A World Class Gold-Copper-Silver Region Boda (Alkane Resources) • 180km northwest of Sydney, NSW Mt Pleasant (MRR) Sofala Sofala • High-profile mining and exploration region containing (Freeport McMoran) Region several major gold, copper-gold and silver deposits Sofala & First
Slide 5: Lachlan Fold Belt – New Acquisitions
Lachlan Fold Belt – New Acquisitions 4 Strategically Located Project Areas • MinRex has signed binding agreements to acquire: Mt Pleasant • Mt Pleasant Project (EL5954) – 100% (EL5954) acquisition • First Find Project (ELA5986) – 100% acquisition • Sofala (EL7423 & EL7974) – Farm-ins (2) up to 80% (
Slide 6: Sunny Corner
Sunny Corner A Rare Gold, Silver, Copper Story • Ground covers first direct shipping mine (DSO) in ELA5986 Australia • Identified as major graben in rift valley between 2+ stable continental plates formed during Silurian to St George Middle Devonian period Rock chip results 8.9g/ t Au EL5964 Bulldog
Slide 7: Sofala
Sofala 10 Historical Mines and 16 Mineral Occurrences EL7423 Surface Ridge • Tenement located on the northern end of the Ordovician Rockley-Capertee volcanic belt • Majority of prospects are situated along the Big Oakley Fault structure EL7974 Surface Hill Drill results • Three main Prospects: Queen
Slide 8: Mt Pleasant
Mt Pleasant Three Key Targets • Located in the eastern margin of the Silurian-Devonian Hill ELA5954 End Trough – East Lachlan Fold Belt Mt Pleasant Drill Results The Two Crown Mine • Strongly altered porphyritic granitic stock intrudes the 0.5@2.7% Cu from 196.3m Historic Gold Mine Silurian sequence
Slide 9: First Find
First Find A Strategic Infrastructure Tenement With Targets EL7423 EL8953 (Freeport McMoRan) • First Day Find Prospect • Historical underground mine Sofala • Located on the back of fault line (EL7423, EL7974) • Geology of Prospect: EL8953 (Freeport McMoRan) • Structurally controlled low sulphide Au
Slide 10: Western Australia Portfolio
Western Australia Portfolio Highly Prospective Ground in WA for Gold Exploration • 100% owned Deflector Extended Project • 70% owned East Pilbara Projects: Daltons Gold Project Bamboo Creek Gold Project Marble Bar North Gold Project Marble Bar South Gold Project • MinRex actively exploring:
Slide 11: Deflector Extended
Deflector Extended Along Strike from High Grade Copper-Gold Mine • 4km, along strike, to the northeast of the Silver Lake Resources (ASX:SLR) Deflector Mine where copper- gold occurs as high-grade lode mineralisation, associated with abundant disseminated to massive sulphide mineral bearing veins, i
Slide 12: Daltons
Daltons 30+ Gold-Copper Targets • Detailed litho-structural interpretation shows structural elements within the prospective mafic/ultramafic rocks of the Kelly Group, prospective for Gold-Copper mineralisation • Recent targeting exercise found strong links between structures and known mineralization
Slide 13: Corporate Snapshot
Corporate Snapshot Capital structure Shares Options Current 233,637,055 57,023,170 Lachlan Fold Belt acquisition and $2.9m placement 21/10/20 Post Acquisitions and 614,137,055 154,523,170 Further desktop geophysics work at Deflector & Placement* Daltons completed 21/9/20 Cash Director placement at p
Slide 14: Investment Highlights
Investment Highlights Acquisition of Lachlan Fold Belt position brings new 5 Year Gold & Silver Spot Prices exciting opportunity for MinRex shareholders and investors New ground is complementary to MinRex’s existing highly prospective WA ground Diversified portfolio with exposure to two world
Slide 15: References
References Slide 4 All mineral resources are illustrated as in-situ contained metals. For further details refer to: Newcrest Mining Limited, Newcrest Briefing Book, September 2019, p24. Regis Resources, McPhillamys Project Overview, September 2020. Argent Minerals, 2020 Annual Report, 30 September 2
Slide 16: References
References Slide 11 MRR ASX Announcement dated 28 April 2020. Slide 12 MRR ASX Announcement dated 21 June 2018. Slide 14 5 Year Gold Price - https://goldprice.org/gold-price.html as at 4 November 2020. 5 Year Silver Price - https://silverprice.org/spot-silver.html as at 4 November 2020. 16
Slide 17: Directors, Share Registry, Registered Office
Directors Share Registry Registered Office For further information, please contact: James Bahen - Non-Executive Director Automic Pty Ltd Level 11, 216 St Georges Terrace James Bahen Glenn Whiddon - Non-Executive Director Telephone: 1300 288 664 Perth WA 6000 Non-Executive Director James Pearse - Non