Redstone Resources Limited · ASX:RDS
Redstone Resources — Investor Presentation (June 2024)
25 slides from Redstone Resources's investor presentation, Jun 12, 2024
Slide 1: Investor Presentation
Investor Presentation Exciting high-grade copper opportunity in a Tier-1 West Australian mining region June 2024 Redstone Resources Limited (ASX:RDS)
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Redstone Resources Ltd (“Redstone”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though Redstone has no reason
Slide 3: Corporate Snapshot
Corporate Snapshot Share Price Market Capitalisation 6-Month Share Price Performance A$0.004 A$3.7m 0.007 0.006 12.0M 10.0M Volume ('Millions) 11 June 2024 0.005 8.0M 0.004 Cents 6.0M 0.003 Shares on issue Cash 0.002 4.0M 925.4m A$0.50m 0.001 2.0M 0.000 - 05/12/23 12/12/23 19/12/23 26/12/23 02/01/24
Slide 4: Why Invest in Redstone Resources
Why Invest in Redstone Resources Riding the electrification wave: high-quality copper and lithium exploration assets Copper Exploration Strategy Discovery of Additional Copper Mineralising System Current focus on advancing copper exploration strategy in WA - aimed Discovery of 95m (downhole) of
Slide 5: About Redstone
About Redstone ASX Listed company focused on the exploration of battery and electrification materials to support a cleaner future James Bay, Québec JV Lithium Projects (50%) Exclusive Options Li2O Located in the James Bay Region of Québec, to acquire quality Lithium Projects Canada Adjacent to P
Slide 6: West Musgrave Project - Copper Strategy
West Musgrave Project Copper Strategy Redstone (100%) Strategic copper asset in WA with existing resource base and historic drill intersections measuring up to 18.5% Cu West Musgrave Project, which includes the Tollu Copper Vein Deposit, is located in the southeast portion of the West Musgrave reg
Slide 7: West Musgrave Project Summary
West Musgrave Project Summary Strategic Location West Musgrave Project Tenements E69/2450, E69/3456 & ELA69/3568 Location of West Musgrave Project 40km east of BHP’s Nebo Babel Ni-Cu-PGE Deposit REDSTONE RESOURCES LTD | ASX:RDS 7
Slide 8: Tollu Resource
Tollu Resource High-Grade Copper Deposit Cu-carbonate at the surface Proof of Large Hydrothermal Mineralising Systems Present Reduction to Pole Airborne Magnetics – West Musgrave Project 5km Cu-sulphides at depth Tollu is a very significant hydrothermal system Prospectivity for large hydrothermal
Slide 9: West Musgrave Project - Tollu Cu Deposit drilling intercepts
West Musgrave Project Tollu Cu Deposit - Exciting historical drilling intercepts of extremely high-grade and continuous copper mineralisation at Chatsworth and Forio Extremely high-grade and continuous copper mineralisation from significant depths and to the surface at the existing Tollu Cu Deposi
Slide 10: Chatsworth Prospect
West Musgrave Project Chatsworth Prospect High-grade lens of Cu mineralisation up to 26m thick (downhole) and has a consistent Cu grade over 1% RC drill hole TLC205 intersected 11m at 1.2% Cu from only 29m downhole, extending the previously intersected high‐grade Cu lens a further 20m towards the
Slide 11: Forio Prospect
West Musgrave Project Forio Prospect Recent drilling delivers further high-grade Cu results – highest Cu grade ever intersected with 1m at 18.5% Cu from 18m downhole Three of the RC drill holes completed in the late 2022 RC drilling campaign at Tollu were aimed at testing the continuity along stri
Slide 12: Discovery of Additional Cu Mineralising System
West Musgrave Project Discovery of Additional Cu Mineralising System Early exploration drilling outside Tollu has highlighted the potential for further copper mineralising systems EM5 Target EM5, is an EM target coincident with a large circular magnetic anomaly located 7.2km northeast of Tollu.
Slide 13: Ni-Cu-Co-PGE Potential
West Musgrave Project Ni-Cu-Co-PGE Potential Potential Ni-Cu-Co-PGE Source Rocks Discovered 2022 RC drilling at the West Cigar magnetic anomaly has confirmed the presence of mafic-ultramafic Ni source target rocks on Redstone’s West Musgrave Project. Highly significant discovery: 2022 RC drilling
Slide 14: Tollu Deposit: EM1 Exploration Target
Tollu Deposit: EM1 Exploration Target First Ever Drilling Outside the Tollu Cu Vein Deposit Intersects Another Hydrothermal Mineralisation System Drill hole RWMEM1-3 EM1 Target Target: Airborne electromagnetic (EM) conductor only 3.5km from Tollu Cu deposit. Five drill holes drilled in August-Sept
Slide 15: News Pipeline
News Pipeline Near-term catalysts Further exploration, including drilling, in and around the high grade Chatsworth and Forio prospects, which are part of Tollu Follow-up drilling and evaluation of the thick Current focus on advancing copper intersection of anomalous copper (approximately 95m downhol
Slide 16: For more Information
For more Information Redstone Resources Ltd 60 Havelock Street West Perth WA 6005 Tel: (08) 9328 2552 contact@redstone.com.au www.redstone.com.au Authorized for release by the board of Redstone Resources Ltd 16
Slide 17: Appendices
Appendices Technical data and information 17
Slide 18: West Musgrave - Highly Prospective Geological Setting
Appendix 1 West Musgrave - Highly Prospective Geological Setting West Musgrave is an area experiencing active exploration by a number of companies. The key to understanding the economic prospectivity of the West Musgrave is that it was first created as a suture zone of three converging continent
Slide 19: West Musgrave - Highly Prospective Geological Setting
Appendix 2 West Musgrave - Highly Prospective Geological Setting According to the Geological Survey of Western Australia (GSWA) Redstone’s 100% owned West Musgrave Project sits right in the middle 425,000 mE 430,000 mE 435,000 mE 440,000 mE 445,000 mE 450,000 mE Layered mafic-ultramafic Redstone ten
Slide 20: Tollu Mineral Resource Estimate
Appendix 3 Tollu Mineral Resource Estimate Tollu Maiden JORC Resource Resource Prospect Tonnes Cu Contained Co Contained Classification (‘000) % Copper % Cobalt Tonnes Tonnes Redstone has defined a JORC 2012 Resource Estimate (‘000) (‘000) Initial JORC 2012 resource of 3.8 million tonnes at 1% Cu,
Slide 21: Tollu Conceptual Exploration Target
Appendix 4 Tollu Conceptual Exploration Target Tonnes Tonnes Grade Grade Contained Contained Redstone has estimated a Conceptual Exploration Lower Upper Lower Upper Copper Copper Target for Tollu (‘000) (‘000) Cu Cu Tonnes Tonnes Prospect % % Lower Upper 31 to 47 million tonnes of mineralisation a
Slide 22: 2017 Significant Tollu Copper Intercepts
Appendix 5 2017 Significant Tollu Copper Intercepts The 2017 RC drilling program, focused on the Forio Pospect and additional Forio analogues, returned a number of high grade and broad copper intersections, including 1m at 11.9% (TLC 153), the second highest grade ever intersected at Tollu. These si
Slide 23: High Grade Tollu Cu-Vein System – Chatsworth Extension
Appendix 6 High Grade Tollu Cu-Vein System – Chatsworth Extension Left: E-W Cross-section of recent RC drill hole TLC192 along with the historical drilling at Chatsworth, Tollu, looking north. Grades on historical drill holes are both hh-pXRF and laboratory-based geochemistry and they are labelled a
Slide 24: High Grade Tollu Cu-Vein System – Forio Extension
Appendix 7 High Grade Tollu Cu-Vein System – Forio Extension The 2021 and 2019 drilling at Forio Prospect, Tollu has shown that thick high grade copper lenses have the potential to extend over significant distances along strike and to depth. The 2021 drilling around a major copper lens of mineralisa
Slide 25: Competent Persons Statement
Appendix 8 Competent Persons Statement The information in this document that relates to exploration results for the West Musgrave Project from 2017 onwards (including EM1) was authorised by Dr Greg Shirtliff, who is employed as a Consultant to the company through Zephyr Professional Pty Ltd. Dr Shir
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