Minrex Resources Limited · ASX:MRR

Minrex Resources — Investor Presentation (November 2020)

22 slides from Minrex Resources's investor presentation, Nov 25, 2020

  1. Slide 1: Investor Presentation

    ASX AND MEDIA ANNOUNCEMENT 25 November 2020 INVESTOR PRESENTATION MinRex Resources Limited (ASX: MRR) (‘MinRex’ or ‘Company’) attaches its Investor Presentation, November 2020 together with the following appendices:  Appendix 1 – Assay Results Tables  Appendix 2 – Exploration Results  Appendix 3

  2. Slide 2: Appendix 1 – Assay Results Tables

    Appendix 1 – Assay Results Tables Sunny Corner Assay results from rock samples at Bulldog, St George and Powerline were reported by previous owners Denehurst Limited and Michalego Resources NL in GS1995/019 Geology, Sunny Corner Annual Report Exploration Licence 4600, October 1994 (https://search.ge

  3. Slide 3: Assay Results Tables – Bobs Creek

    Powerline POW-1 668 972 2.5 0 50 367 104 Hill Ridge Top HRT-1 662 002 0 0 10 0 22 Forestry HO FHQ-1 651 966 0 0 37 0 39 Forest Shaft FS-204 665 993 0 0 47 0 74 Bob's Creek BCN-1 679 016 0 0 0 North Bathurst Granite BG-1 650 978 0 0 109 113 28 Assay results at Bobs Creek were reported by previous own

  4. Slide 4: Bobs Creek rock chip assay results

    16173 FC 900N 1075E <0.01 <0.1 19 65 22 16174 FC 900N 1100E <0.01 <0.1 15 36 19 16175 MG 898N 975E 0.02 <0.1 24 36 80 16176 MG 894N 974E 0.02 0.1 15 42 19 16177 MG 893N 980E <0.01 <0.1 36 120 70 16178 MG 900N 982E 0.01 0.2 30 38 38 16179 MG 968N 990E 0.04 0.5 85 120 55 16180 WR 980N 1012E <0.01 <0.1

  5. Slide 5: Bobs Creek rock chip assay results

    16231 WR 1247N 1001E 0.06 0.07 <0.1 5 50 2 16232 MG 1238N 1010E 0.03 0.2 5 36 4 16233 WR 1248N 1010E 0.19 0.1 12 30 4 16234 WR 1246N 1010E 0.14 <0.1 38 55 7 16235 WR 1245N 1016E 0.05 0.4 5 42 4 16236 WR 1243N 1019E 0.03 0.2 13 22 11 16237 MG 1241N 1021E 2.25 2.27 3.8 5 380 340 16238 MG 1230N 1030E 0

  6. Slide 6: Bobs Creek rock chip assay results

    16289 MG 1165N 1253E <0.01 0.3 70 44 18 16290 MG 1160N 1254E 0.17 0.7 65 95 40 16291 MG 1139N 1256E 0.80 0.6 65 990 42 16292 MG 1125N 1245E 0.11 0.7 50 95 9 16293 WR 1118N 1253E 0.15 <0.1 18 280 8 16294 MG 1102N 1257E 0.11 0.3 6 55 17 16295 MG 1073N 1254E 1.68 12.6 1.1 26 110 12 16296 WR 1075N 1268E

  7. Slide 7: Appendix 2 – Exploration Results

    Appendix 2 – Exploration Results Sunny Corner Project Exploration Results (drill intersections at Nevada) were reported by former owners Newmetal Mines Limited in GS1970/443 Final Report for MEL165, 27 May 1970, Appendix 7 (https://search.geoscience.nsw.gov.au/report/R00019145). Five (5) diamond dri

  8. Slide 8: Summary of reported results from Sofala

    Summary of reported results from Sofala: Prospect Code Drilling Reported Result Total Collar Collar Azimuth and Inclination Type Depth Location Elevation Spring Gully SGRC003 RC 52m@0.88g/t 114m 6329826.60N- 943.78 Azimuth 045oM (Percussion) Au from 66m 752559.13E Inclination -60o Spring Gully SGRC0

  9. Slide 9: JORC Code, 2012 Edition – Table 1 report template

    Appendix 3 – JORC Table JORC Code, 2012 Edition – Table 1 report template 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, Drilling o

  10. Slide 10: Drilling techniques

     Drilling cited in this report was drilled diamond drilling (Queenslander & Spring Gully) and percussion reverse circulation (RC) (Spring Gully).  Au analysis was completed by method FA50 (50g charge fire assay) and Au, As, Cu, Pb, Zn, Ni by method D100.  Drillholes were sampled in 1.0m intervals

  11. Slide 11: Drill sample recovery

    GS1983/185 - Noranda Australia Limited, Progress Report on Exploration Licence 1410 for period 1 August 1982 to 31 January 1983, January 1983  Diamond drilling was completed standard HQ & NQ core size.  Core was orientated Queenslander, Spring Gully S1994/196 - RGC Exploration Pty Limited (Renison

  12. Slide 12: Logging

     Sample recovery and any additional measures to ensure sample recovery has not been stated in the historic report and is currently unknown.  Due to the lack of information documented regarding sample recovery and drilling conditions, the potential of a relationship between sample recovery and grad

  13. Slide 13: Sub-sampling techniques and sample preparation

    Bobs Creek GS1996-019 – Denehurst Limited and Michelago Resources NL, Geology, Sunny Corner Annual Report Exploration Report, October 1995  The rock chip samples were geologically logged with locations transcribed and is qualitative in nature. Powerline, Bulldog, St George GS1995-019 – Denehurst Li

  14. Slide 14: Quality of assay data and laboratory tests

    GS1970/443 - Newmetal Mines Limited, Exploration reports, EL 165, Portland - Bathurst - Sunny Corner area, June 1970  Drillholes were sampled based on observed mineralisation.  Samples were generally constrained between >1.0ft and <5.0 ft interval lengths.  Core size and quantity used and its rel

  15. Slide 15: Quality controls and quality assurances

     Quality controls and quality assurances have not been stated in the historic report and is currently unknown. Queenslander, Spring Gully S1994/196 - RGC Exploration Pty Limited (Renison), Exploration and Prospecting Licence No.3747 & Exploration Licence Nos 4191,4223,4224 & 4276, July 1994  Au an

  16. Slide 16: Verification of sampling and assaying

    Verification of  The verification of significant intersections by either Drilling independent or alternative company personnel. Mount Pleasant, Bombardi sampling and GS1976-287 – Panminex Pty Limited, Progress Report No.5 Exploration of Mineral Exploration Licence No. 628 assaying  The use of twin

  17. Slide 17: Location of data points

     No data adjusted Powerline, Bulldog, St George GS1995-019 – Denehurst Limited and Michelago Resources NL, Summary - Geology, Sunny Corner Annual Report Exploration Licence 4600, October 1994  No verification of sampling & assaying data was recorded in the historical report and is currently unknow

  18. Slide 18: Data spacing and distribution

     Data surveyed via local grids with no accurate relationship to AMG reported. Locations are regarded as approximate from historical maps. Quality of topographic control unknown. Locations referred to in Appendix A. Powerline, Bulldog, St George GS1995-019 – Denehurst Limited and Michelago Resources

  19. Slide 19: Orientation of data in relation to geological structure

    Powerline, Bulldog, St George GS1995-019 – Denehurst Limited and Michelago Resources NL, Summary - Geology, Sunny Corner Annual Report Exploration Licence 4600, October 1994  Samples were selected on ‘areas of interest’ and were selected to represent typical mineralisation at the locale.  No sampl

  20. Slide 20: Section 2 Reporting of Exploration Results

    Bobs Creek GS1996-019 – Denehurst Limited and Michelago Resources NL, Geology, Sunny Corner Annual Report Exploration Report, October 1995  Samples were selected on ‘areas of interest’ and were selected to represent typical mineralisation at the locale.  No orientation-based sampling bias has been

  21. Slide 21: Mineral tenement and land tenure status

    Criteria JORC Code explanation Commentary  MRR is proposing to acquire ELA ELA6142, ELA5954, ELA5986 and EL8976 via tenement sales or company sales (100%).  MRR is proposing to enter into long form farmin agreements in relation to EL7974 and EL7423 (with rights to earn up to 80% of each project).

  22. Slide 22: Criteria JORC Code explanation Commentary

    Criteria JORC Code explanation Commentary Relationship  These relationships are particularly important in the reporting of Exploration Results.  The relationship between mineralisation widths & intercept lengths is between  If the geometry of the mineralisation with respect to the drill hole angl

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