Red Rock Resources Plc · LSE:RRR
Red Rock Resources — Investor Presentation (July 2011)
21 slides from Red Rock Resources's investor presentation, July 2011
Slide 1: July 2011
July 2011
Slide 2: Disclaimer
Disclaimer These presenta,on slides (the “Slides”) do not cons,tute an offer to the public or an offer for sale or solicita,on to purchase or subscribe for any securi,es of the Company and they should not be relied on in connec,on with a decision to purchase or subscribe for any such securi,es. The Sl
Slide 3: Corporate Profile
Corporate Profile § AIM Listed Company (AIM:RRR) § Share Price: 7 pence § Market Cap: £50.7m § Listed Investments: c£30m § Shares In Issue: 723,983,283 § Proven Explorers, Expanding Producers § Gold Explora,on Project in Kenya § Gold Opera,ons in Colombia § Iron Ore Explora,on – Australia, G
Slide 4: Management – Structure
Management – Structure Senior Management Finance Geology Engineering AdministraKve [13 Geologists] Services Personnel [13 Geologists] [3 Engineers] [13 Geologists] MarkeKng Data Mgr GIS Mgr Health & Safety Support Services LogisKcs 4
Slide 5: Management – Executive Directors
Management – ExecuKve Directors • Andrew Bell, MA, LLB, FGS, Chairman -‐ began his career as a natural resources analyst at Morgan Grenfell & Co. in the 1970s. His business experience encompasses investment, fund management, research and advisory, corporate finance and structuring, and private equit
Slide 6: Gold: Kenya & Colombia
GOLD: KENYA & COLOMBIA 6
Slide 7: Kenya: Project Overview
Kenya: Project Overview § The two Migori licences cover 310km2 in SW Kenya near Lake Victoria § RRR owns 15% of local opera,ng company with farm in to raise to 60%. § 63 km of Archaean Greenstone Belt, extension of prolific Tanzania Greenstone Belt. § NI 43-‐101 Indicated Resource of 1.2m oz §
Slide 8: Migori: Exploration Objectives
Migori: ExploraKon ObjecKves § Expand 1.2m oz Resource base § 15,000m drill programme underway to validate exis,ng resource § Follow up high grade intersec,ons § Drill Macalder and Barnabas VMS Cu/Au targets. § Upgrade KKM Resource model with view to early produc,on. § Plan for gold produc,on
Slide 9: Colombia: Project Overview
Colombia: Project Overview § Investment in two Colombian gold Frontino Gold Belt mines in An,oquia south of Zaragoza – pre-‐eminent historic mining area. § Located on Fron,no Gold Belt, an important mesothermal gold system with significant history of gold produc,on. § Investment to refurbish 150/
Slide 10: Colombia: Production
Colombia: ProducKon § Refurbishment of El Limon in final stages. § Con,nuous produc,on started in April 2011 (delayed) and in June was at 50t/d producing 8.5kilo. § Objec,ves to increase produc,on techniques over second half of 2011 to 130t/d at grades of 10g/t+. § Machuca mine produc,on expected
Slide 11: Iron Ore: Greenland & Australia
IRON ORE: GREENLAND & AUSTRALIA 11
Slide 12: Greenland: Project Overview
Greenland: Project Overview § 1,013km2 NAMA Greenland licence § March to June 2011, desktop study/field planning § Remote sensing study using ASTER imagery § June/July 2011, regional airborne geophysics § 13,170 km magne,c and radiometric surveys to be flown beginning July 2011 § June to Septemb
Slide 13: Melville Bugt
> an Melville Bugt 20 kilometres Pokey
Slide 14: Jupiter Mines
Jupiter Mines Jupiter Mines Ltd § Joint venture between RRR and Brian Gilbertson’s Pallinghurst Resources Ltd acquired ASX Listed Jupiter Mines (ASX:JMS) – RRR injected its WA iron and manganese assets § ‘Steel feed’ plaworm: § 530 ton JORC Resource of high quality magne,te at Mt Ida, Wa § Open
Slide 15: Investment Summary
INVESTMENT SUMMARY 15
Slide 16: Investment Holdings
Investment Holdings Ascot Mining plc § Two opera,ng gold mines in Costa Rica; two or three poten,al mines § Plan to move lis,ng from PLUS to AIM in 2011 § RRR holds loan stock conver,ble to 7.5m shares, 1.54m shares, and 9.5m op,ons § Market value of holdings (net) £5.42m Resource Star Ltd § AS
Slide 17: Summary
SUMMARY 17
Slide 18: Key Points
Key Points Historic Achievers: § Proven to add Value: Jupiter transac,ons, Ascot transac,on § Proven Explorers: 1.2m oz Indicated Gold Resource in Kenya More ExploraKon, More Value: § Produc,on: Con,nue turn around of old mine by increasing produc,on in Colombia; bring tailings in Kenya into prod
Slide 19: Case Studies
CASE STUDIES 19
Slide 20: Case Studies 1
Case Studies 1 Jupiter Mines Ltd § Sale by RRR of Australian Fe assets for shares, cash and royalty 2007 § Management changes at JMS; buy shares to become largest shareholder § Form JV with Pallinghurst with other Fe/Mn assets; approach JMS § Take control with Pallinghurst; inject Fe/Mn assets,
Slide 21: Case Studies 2
Case studies 2 Mineras Four Points SA § Lent $2m to Colombian gold mine owner to finish recommissioning mine, 2010 § Strong security (downside protected) § Fee and profit share agreements, op,on on 51% (upside open) § Produc,on begins El Limon § Exercise 51% op,on March and take control; renego,a
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