Renascor Resources Ltd · ASX:RNU
Renascor Resources — Renaissance Uranium — Shareholder Meeting (November 2013)
30 slides from Renascor Resources's shareholder meeting presentation, Nov 29, 2013
Slide 1: ASX Announcement: Managing Director's AGM Presentation
ASX Announcement For personal use only 29 November 2013 Re: Managing Director’s Annual General Meeting Presentation to Shareholders Attached please find a copy of the Managing Director’s presentation to be delivered today at the company’s AGM in Adelaide. BACKGROUND INFORMATION Renaissance Uranium i
Slide 2: Annual General Meeting Presentation
Annual General Meeting Presentation For personal use only 29 November 2013 Renaissance Uranium 1
Slide 3: 2013 Highlights
Renaissance Uranium 2013 Highlights For personal use only Location of Renaissance’s South • Transition to multi-commodity Australian projects explorer in key mineral provinces of South Australia • Flagship project: Eastern Eyre Olympic Dam IOCGU belt New copper zone discovered from maiden drilli
Slide 4: Corporate profile
For personal use only Corporate profile Board of Directors • ASX code RNU • Shares on issue 114.8m Stephen Bizzell (Chairman) • Options 14.3m(1) David Christensen (MD) • Cash (30 Sep 13) $2.2m • Share price (28 Nov 13) $0.050 Geoff McConachy • Market capitalisation $5.7m Chris Anderson • Top 20 shar
Slide 5: Copper in South Australia
Copper in South Australia Targeting new exploration prospects For personal use only • South Australian copper endowment - One giant deposit (Olympic Dam) - Several mid-tier copper deposits - Multiple IOCGU prospects • Copper under-represented - Statistical comparison with global copper provinces sug
Slide 6: Eastern Eyre overview
Eastern Eyre Project Overview For personal use only Tenements & EL 4721, EL 5012 and EL 5236 ownership (100%), ELAs 2008/00076 and 2010/00387 (option to earn 100%) Prominent Hill Location Southern Gawler Craton 210 Mt @ 1.22% Cu from ~100m depth Area 1,534 km2 Primary targets IOCGU and associated de
Slide 7: Shallow depth to basement
Eastern Eyre Project Shallow depth to basement For personal use only Eyre Peninsula: amongst the shallowest cover sequences in IOCGU belt - Lower drilling costs - More effective geophysics/geochem - Potential open-cut mining Olympic Dam IOCGU belt (image right), showing depth to basement and key min
Slide 8: Untested, mineralised fault systems
Eastern Eyre Project Untested, mineralised fault systems For personal use only Major untested faults - Roopena and Angle Dam faults - Each 40km to 50km largely untested Roopena Fault Angle Dam Fault Eastern Eyre Project (image right), showing major fault structures Renaissance Uranium 7
Slide 9: Untested, mineralised fault systems
Eastern Eyre Project Untested, mineralised fault systems For personal use only Major untested faults - Roopena and Angle Dam faults - Each 40km to 50km largely untested Hiltaba granite - Mineralisation source of OD belt - Adjacent to Angle Dam Fault Hiltaba Granite Eastern Eyre Project (image right)
Slide 10: Untested, mineralised fault systems
Eastern Eyre Project Untested, mineralised fault systems For personal use only Major untested faults - Roopena and Angle Dam faults - Each 40km to 50km largely untested Hiltaba granite - Mineralisation source of OD belt - Adjacent to Angle Dam Fault Widespread mineralisation - Abundant near-surface
Slide 11: Strike potential
Eastern Eyre Project Strike potential For personal use only Hiltaba granite/GRV on margin of fault structure Ample strike potential for Prominent Hill style Eastern Eyre Project, showing geology in comparison to Prominent Hill Renaissance Uranium 10
Slide 12: Strike potential
Eastern Eyre Project Strike potential For personal use only Multiple gravity anomalies along fault structures Ample strike potential for Carrapateena style Eastern Eyre Project, showing gravity in comparison to Carrapateena Renaissance Uranium 11
Slide 13: Untapped potential
Eastern Eyre Project Untapped potential For personal use only Historical exploration reveals potential - 1960s to 1980s exploration focused on near- surface geochemical targeting - Widespread near-surface copper Eastern Eyre Project (image right), showing historical drilling (<60m in blue; ≥60m in r
Slide 14: Untapped potential
Eastern Eyre Project Untapped potential For personal use only Historical exploration reveals potential - 1960s to 1980s exploration focused on near- surface geochemical targeting - Widespread near-surface copper Limited basement drilling - Ore-grade/near ore-grade copper - WMC’s Spencer prospect: ex
Slide 15: Untapped potential
Eastern Eyre Project Untapped potential For personal use only Historical exploration reveals potential - 1960s to 1980s exploration focused on near- surface geochemical targeting - Widespread near-surface copper Same image as previous Limited basement drilling slide with prospects - Ore-grade/near o
Slide 16: 1050 Prospect area
Eastern Eyre Project 1050 Prospect area For personal use only Extensive RAB drilling - Conversion of +2,000 historical RAB intercepts - Defines multiple copper prospects on N-S faults Drill-ready first-phase Image of entire 1050 area over RAB geochemical Cu geochemical targets contours, marking key
Slide 17: 1050 Prospect area
Eastern Eyre Project 1050 Prospect area For personal use only Extensive RAB drilling - Conversion of +2,000 historical RAB intercepts - Defines multiple copper prospects on N-S faults Drill-ready first-phase geochemical targets - RC/DD drilling to leverage off of previous exploration Major new miner
Slide 18: 1050 East prospect
Eastern Eyre Project 1050 East prospect For personal use only • Major new Cu-Co-Ag zone intersected • Broad mineralised zones including: 20m at 0.35% Cu and 133 ppm Co from 122m hole (EERC007) 44m at 0.61% Cu, 311 ppm Co and 24 ppm Ag from 172m to EOH, including 2m at 3.5% Cu, 273 ppm Co and 142 p
Slide 19: 1050 East – New Cu-Co-Ag zone
Eastern Eyre Project 1050 East – New Cu-Co-Ag zone For personal use only • Historical exploration - Shallow targets within Wandearah - Results included narrow high- grade copper FW01: 4m at 2.2% Cu • Renaissance intersects new mineralised zone - Hosted in Olympic Dam-age Moonabie Formation - Adjac
Slide 20: 1050 East exploration potential
1050 East Exploration potential For personal use only • Open along strike - Untested zones to north and south - Angle Dam Fault trend • Mineralisation improves at depth in grade and width Current program: Diamond drilling (underway) Below mineralised zones and along strike to south 1050 East pro
Slide 21: 1050 East – Hole EEDD008
Eastern Eyre Project 1050 East – Hole EEDD008 For personal use only Hole EEDD008 -- strong copper sulphide (chalcopyrite) interval within hematite-altered volcanoclastic Moonabie Formation (73 metres) Renaissance Uranium 20
Slide 22: Angle Dam/1050 prospect
Eastern Eyre Project Angle Dam/1050 prospect For personal use only • Angle Dam fault - Control structure at 1050 East - 40km N-S structure - Coincident with Hiltaba granites - Largely untested • 1050 South conductor targets - Major conductive targets defined by RNU Reptem survey - 2km south of 1050
Slide 23: Angle Dam IOCGU targets
Eastern Eyre Project Angle Dam IOCGU targets For personal use only • Angle Dam fault - Control structure for new mineralised zone at 1050 East - Limited targeting outside of 1050 area • Gravity survey - New gravity survey planned to define IOCGU drill targets - Three zones within Angle Dam fault Sig
Slide 24: IOCGU targets
Eastern Eyre IOCGU targets For personal use only • Multiple premium IOCGU targets - Olympic Dam IOCGU Belt - Coincident anomalies Structural control Geochemistry Gravity Magnetics • Untested Significant untested potential for large scale resource Eastern Eyre Project, showing IOCGU prospects
Slide 25: Other Projects: Farina
Other Projects Farina For personal use only Tenements & ownership ELs 4627, 4628, 4676, 4677, 4822 and 4957 (100%) Location Adelaide Fold Belt (SA) Area 4,101 km2 Primary targets Zambian Copper Belt-style • Potential large tonnage Zambian Copper Belt-style deposits • Major land position: +4,000 km2
Slide 26: Farina Project next steps
Farina Project Next steps For personal use only • Detailed EM provides opportunity to exploit Zambian-style potential − Leverage off of Utah Development’s drill hole database • First-mover opportunity to apply detailed EM − Extensions of prospective horizons undercover • Drill-test existing targets
Slide 27: Uranium Projects
Uranium Projects Summary For personal use only • Uranium market − Short-term outlook remains weak − Prospects for medium-term turn- around • Uranium-only exploration requires world-beater results • Renaissance has strong uranium exploration portfolio − Frome, Warrior, Pirie Basin Strategy: limit cur
Slide 28: Work Program
For personal use only Work Program 2013 2014 Q4 Q1 Q2 Q3 Activity O N D J F M A M J J A S 1050 East Prospect Diamond drilling Geophysical work Follow up RC drilling 1050 South Prospect Diamond drilling Geophysical work Follow up RC drilling Eastern Eyre - IOCGU Prospects Drilling RC Geophysical work
Slide 29: Summary
For personal use only Summary • New Cu-Co-Ag zone at 1050 East First drill program in Eastern Eyre project Olympic Dam Belt Immediate follow-on drilling to test for prospective economic ore body • Strong pipeline of new, untested targets 1050 East 1050 South conductive zone Roopena IOCGU
Slide 30: Important notice
For personal use only Important notice Forward Looking Statements This Presentation may include statements that could be deemed “forward-looking” statements. Although Renaissance Uranium Limited (the “Company”) believes the expectations expressed in such forward-looking statements are based on reaso
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