Resolution Minerals Ltd. · ASX:RML
Resolution Minerals — Gold Symposium Conference Sydney 2019
27 slides from Resolution Minerals's conference presentation, Oct 24, 2019
Slide 1: Gold Symposium Conference Sydney October 2019
GOLD SYMPOSIUM CONFERENCE SYDNEY 24 OCTOBER 2019
Slide 2: Disclaimer and Competent Persons Statement
D I S C L A I M E R A N D C O M P E T E N T P E R S O N S S TAT E M E N T This presentation has been prepared by Northern Cobalt Limited (Northern assumptions which are outside the control of Northern Cobalt. Actual values, Cobalt). This document contains background information about Northern result
Slide 3: Company Transformation
C O M PA N Y T R A N S F O R M AT I O N AGREEMENT TO EARN UP TO 80% OF THE GOODPASTER PROJECT, ALASKA ASX - 17 October 2019 • Highly leveraged gold exploration investment opportunity, adjacent to the operating world class Pogo Gold Mine, owned by Northern Star (ASX:NST) • The Company has executed a
Slide 4: Corporate Overview
CORPOR AT E OVERVI EW Capital Structure 24 th October 2019 Len Dean Chairman Ordinary Shares (m) 75.9 Non-Executive; Metallurgist, experienced ASX Chairman, BHP Marketing Market Capitalisation (A$m) – 8 cents $6.1 Director Iron Ore and Group General Manager Minerals Marketing. MD of Cash (A$m) (24/1
Slide 5: Inspecting Millrock Resources Claims
INSPECTING MILLROCK RESOURCES CLAIMS SEPT 2077. NORTHERN STAR'S PoGo GOLD MINE IN THE BACKGROUND.
Slide 6: Goodpaster Gold Project - Location
G O O D PA S T E R G O L D P R O J E C T - L O C AT I O N 6
Slide 7: Tintina Gold Province - Goodpaster Gold District
T I N T I N A G O L D P R O V I N C E – G O O D PA S T E R G O L D D I S T R I C T Province Gold System • 100m oz Au Endowment • 80-102 Ma Age main Livengood mineralizing event 12.5 Moz Dublin Gulch Cleary Hill Ft Knox Goodpaster District Brewery Ck Incl Eagle +7 Moz +13 Moz 1.54 Moz Mine Goodpaster
Slide 8: Goodpaster Project - Tenements & Prospects
G O O D PA S T E R P R O J E C T – T E N E M E N T S & P R O S P E C T S Large land position surrounding Pogo Gold Mine Pogo Gold Mine 10m oz Au • 1,147 State mining claims endowment • 660 km2 Pogo Gold Mine Northern Star ASX:NST • 10 M oz gold endowment with exploration upside at the Pogo Gold Mine
Slide 9: Goodpaster Gold Project - Camp Scale Potential
G O O D PA S T E R G O L D P R O J E C T – C A M P S C A L E P O T E N T I A L Camp Scale Potential: • Granitic Intrusions, age 80-102 Ma, main mineralizing engine room present throughout District • 10 M oz gold endowment with exploration upside at the Pogo Gold Mine, with 4 new discoveries announce
Slide 10: Pogo Style - Mine Mineralisation Model
P O G O S T Y L E - M I N E M I N E R A L I S AT I O N M O D E L Elevated gold/arsenic/bismuth anomaly Low Angle Veins (Liese 1-3, East Deep) • These veins contain the bulk of the ore at Pogo Gold-bearing quartz veins • 5-20 m thick Serpentinite, amphibolite • Hosted in regional shear zone –compress
Slide 11: West Pogo Prospect - Proposed Drill Targets
W E S T P O G O P R O S P E C T – P R O P O S E D D R I L L TA R G E T S Surface projection of NST Pogo CSAMT Geophysics survey 2019 Gold Mine Resource and • CSAMT is method that measures resistivity. It Goodpaster Prospect has been successfully used to identify gold mineralisation in associated les
Slide 12: Northern Star's Adjacent Goodpaster Discovery - ASX News
N O R T H E R N S TA R ’ S A D J A C E N T G O O D PA S T E R D I S C O V E RY - A S X N E W S Extract from ASX: NST “Pogo Plant Expansion and Goodpaster Exploration” Link to ASX: NST 16/9/2019 The Goodpaster prospect is considered the continuation of the main Pogo mineralised trend across a major N
Slide 13: West Pogo Prospect - Millrock's Recent CSAMT Results
W E S T P O G O P R O S P E C T – M I L L R O C K ’ S R E C E N T C S A M T R E S U LT S Line 3 CSAMT Results Looking East Aurora Creek Steeply dipping conductor indicating fault structure Approximate maximum penetration depth of prior drilling 100 m elev Aurora Creek Conductor - Shallow-dipping con
Slide 14: West Pogo Prospect - Millrock's Recent CSAMT Results
W E S T P O G O P R O S P E C T – M I L L R O C K ’ S R E C E N T C S A M T R E S U LT S Shallow-dipping Conductor Line 6 CSAMT Results Coincident mag low Looking East Located northwest of Goodpaster deposit in down dip direction Aurora Creek Proposed Drill holes Aurora Creek pronounced shallow-dipp
Slide 15: All Year-Round 24x7 Mine-Road Access
“The all year-round 24x7 mine-road access available to this project, is a huge logistical and cost saving advantage over typical summer only - helicopter supported projects in Alaska. Our project partners Millrock (Alaska) with their local experience, staff and geology team plus our Australian explo
Slide 16: Summary of the Earn-in Agreement
aie a eee 5a Summary of the Earn-in agreement FE: | Commence - - - 5 Ke: Drilling Target 7,500m Drilling (Diamond Core) 5 Year 1 $5 30% $50 10 Year 2 $5 42% $50 10 Year 3 $5 51% $50 4 Year 4 $5 60% $50 4 Right to earn up to 80% on one block ‘ N27 can earn up to 80% on one block Stage N27 $commitment
Slide 17: Summary and Next Steps
S U M M A RY A N D N E X T S T E P S Status • Currently undertaking Due Diligence under an exclusive 100 day option to commence earn-in on the Goodpaster Project in Alaska, surrounding the Pogo Gold Mine. • On-boarding new geology team, integrating with Millrock’s team and commencing operations • Fu
Slide 18: Other Projects Summary - USA & Australia
O T H E R P R O J E C T S S U M M A RY – U S A & A U S T R A L I A WOLLOGORANG COPPER-COBALT PROJECT NORTHERN TERRITORY, AUSTRALIA SNETTISHAM PROJECT SOUTH EASTERN ALASKA, USA • Three historic gold mines on the property • Stanton Cobalt Deposit Total Mineral Resource Estimate • 942,000t @ 0.13% Co,
Slide 19: Contact Details
Contact Details Duncan Chessell Managing Director +61 414 804 055 duncan@n27.com.au www.notherncobalt.com.au 19
Slide 20: Goodpaster Project Appendix - Prospects & Blocks
G O O D PA S T E R P R O J E C T A P P E N D I X – P R O S P E C T S & B L O C K S 20
Slide 21: Goodpaster Project - Drillhole Summary & Significant Intersections
Appendix 1: Summary of Goodpaster Project (West Pogo) Historic Diamond Drill Hole Locations and Significant Intersections GOODPASTER PROJECT - DRILLHOLE SUMMARY & SIGNIFICANT INTERSECTIONS Drill Hole Drill Easting Northing Azimuth Dip RL Total From To Interval Au ID Type (m) (m) (degrees) (degrees)
Slide 22: Goodpaster Project - Drillhole Summary & Significant Intersections
GOODPASTER PROJECT - DRILLHOLE SUMMARY & SIGNIFICANT INTERSECTIONS Drill Hole Drill Easting Northing Azimuth Dip RL Total From To Interval Au ID Type (m) (m) (degrees) (degrees) (m) Depth (m) (m) (m) (m) g/t ER04-7 DDH 7147996 590075 65 -60 1028.0 367.6 8.1 9.2 1.1 1.07 85 85.7 0.7 2.23 109.6 110.2
Slide 23: Goodpaster Project - JORC Code, 2012 Edition - Table 1
Goodpaster Project - JORC Code, 2012 Edition – Table 1 Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Commentary Sampling • Nature and quality of sampling (eg cut channels, random chips, or • No drilling or sampling
Slide 24: JORC Code Table 1 - Sampling Criteria
Criteria JORC Code explanation Commentary loss/gain of fine/coarse material. Logging • Whether core and chip samples have been geologically and • No drilling has been undertaken by Northern Cobalt following the geotechnically logged to a level of detail to support appropriate acquisition of the proj
Slide 25: Section 2 Reporting of Exploration Results
Criteria JORC Code explanation Commentary Location of • Accuracy and quality of surveys used to locate drill holes (collar and • All maps and locations are in UTM grid (NAD83 Z6N) or WGS data points down-hole surveys), trenches, mine workings and other locations 1984 Web Mercator Auxiliary Sphere an
Slide 26: JORC Code Table 1 - Tenure and Exploration
Criteria JORC Code explanation Commentary • The security of the tenure held at the time of reporting along with any consists of 1176 State of Alaska claims (66,050 hectares). known impediments to obtaining a licence to operate in the area. • The Goodpaster Project is located approximately 120km east
Slide 27: JORC Code Table 1 - Metal Equivalent Assumptions
Criteria JORC Code explanation Commentary • The assumptions used for any reporting of metal equivalent values should be clearly stated. Relationship • These relationships are particularly important in the reporting of • No drilling has been undertaken by Northern Cobalt following the between Explora
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