Rimfire Pacific Mining Limited · ASX:RIM
Rimfire Pacific Mining — Investor Presentation (June 2019)
33 slides from Rimfire Pacific Mining's investor presentation, Jun 26, 2019
Slide 1: Going for gold, going for copper
For personal use only Going for gold Going for copper 26 June 2019 Craig Riley MD / CEO
Slide 2: Disclaimer
Disclaimer For personal use only Disclaimer This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This docum
Slide 3: Rimfire is an exploration company with dual strategy
For personal use only Rimfire is an exploration 01 company with Dual Proven people Proven Success Strategy to ✓ Discover a large gold or 02 Going for gold copper / gold system New Focus Going for copper • Exploration ✓ Monetise Sorpresa Au/Ag • Sorpresa Resource SLIDE / 3
Slide 4: Proven People
01 For personal use only Proven People Proven Success Going for gold Going for copper SLIDE / 4
Slide 5: A successful team of discoverers
01 PROVEN PEOPLE For personal use only A successful team of 01 discoverers for ongoing Proven people exploration discovery. Proven Success The team to work towards 02 Going for gold Going for copper monetisation of Sorpresa New Focus • Exploration • Sorpresa SLIDE / 5
Slide 6: Board and Management: Ian McCubbing, Andrew Greville
01 PROVEN PEOPLE A For personal use only Ian McCubbing Andrew Greville Chairman Non-Executive Director Board and Non-Executive Director Management • Non-Executive Director of Swick Mining • Qualified mining engineer. • Former Executive General B Services, MPC Kinetic and Sun Resources Manager of Bus
Slide 7: Board and Management: Craig Riley, Greg Keane
01 PROVEN PEOPLE A For personal use only Craig Riley Greg Keane Managing Director and Chief Financial Officer Board and Chief Executive Officer Management Global executive • Global multicommodity B • experience in experience in operational exploration, evaluation and mining including at mine sites,
Slide 8: Geology consultants: Mick Love, Colin Plumridge
01 PROVEN PEOPLE A For personal use only Mick Love Colin Plumridge Geology consultant Geology consultant Board and Management Headed the team that B • • The discoverer of Sorpresa discovered gold at mineralised system. Evolution Mining’s Cowal Project. • Expert prospector with many Exploration and d
Slide 9: New Focus
02 For personal use only New Focus Going for gold Going for copper SLIDE / 9
Slide 10: Sorpresa located in proven Au and Cu precinct
02 NEW FOCUS A Located in proven For personal use only Sorpresa is located at Au and Cu precinct Fifield, central New South B Wales in an existing gold Exploration upside (Au) and copper (Cu) C Going for gold district with over 100 JORC resource and monetisation years of mining activity. Going for c
Slide 11: Nearby gold and copper operations
A Located in proven For personal use only Au and Cu precinct Annual production B Exploration upside Annual production ~70,000oz Au ~55,000oz Au and 60,000t Cu C Annual production ~600,000oz Au and 60,000t Cu JORC resource Going for gold Going for copper and monetisation D Annual production ~220,000o
Slide 12: 80Moz of known gold resources within 150km
02 NEW FOCUS A Located in proven 80Moz* of known gold resources For personal use only Au and Cu precinct within 150km of Sorpresa. Cumulative AU Approx annual Market Cap B Exploration upside Deposit Ownership reserves and Au and Cu (Dec 2018) resources production Cadia Valley 600,00oz Au Newcrest Mi
Slide 13: Pipeline of significant discovery prospects
02 NEW FOCUS A Located in proven For personal use only Pipeline of significant Au and Cu precinct discovery prospects. B Exploration upside • Rimfire exploration licences have potential to host large gold and / or porphyry copper / gold style deposits. C JORC resource Going for gold Going for copper
Slide 14: Location map: regional exploration areas
For personal use only LOCATION MAP REGIONAL EXPLORATION AREAS Northern Area Central Area Going for gold Going for copper Southern Area SLIDE / 14
Slide 15: Northern Area
NORTHERN AREA For personal use only ✓ Disruptive Thinkers and Genetic Models = New Successes ✓ Interpreting previously unrecognised Ordovician Age Volcanics under cover (~10m) ✓ Potential to host large scale porphyry Cu / Au and Au style deposits ✓ Reconnaissance Mapping - 10km2 (30%) Complete Next
Slide 16: Northern Area proximal discovery
NORTHERN AREA PROXIMAL DISCOVERY For personal use only ✓ Emmerson Resources on adjacent Exploration Licences ✓ Interpreting Ordovician Age Volcanics ✓ Presence of porphyry copper style mineralisation ✓ Interpretation is distal to core of system Emmerson Resources ASX Announcement 3 April 2019 Emmers
Slide 17: Central Area
CENTRAL AREA For personal use only Transit Macro Setting Sorpresa Central Area ✓ Mapping Complete Transit Prospect ✓ Shallow cover ✓ 1km diameter ring feature in magnetics ✓ Intersection of regionally important structures Northern Gold ✓ Gravity Low (core) ✓ Best gold intercepts in structural Sorpre
Slide 18: Southern Area
SOUTHERN AREA For personal use only Reconnaissance Mapping - Next - Aircore Drilling 110km2 (40 x 50m = 2000m) ✓ Disruptive Thinkers and Genetic Models = New Successes ✓ Potential to host large scale porphyry Cu / Au and Au style deposits Next Steps ✓ Aircore Drilling Program (circa 2000m) Going for
Slide 19: Monetisation of the Sorpresa gold deposit
02 NEW FOCUS A Located in proven For personal use only Au and Cu precinct Monetisation of the Sorpresa gold deposit B Exploration upside C JORC resource Going for gold Focusing on the optimal and monetisation pathway for the project. Going for copper D Reliable gold SLIDE / 19 fundamentals
Slide 20: Sorpresa JORC resource of 125,000oz gold and 7.9Moz silver
02 NEW FOCUS A Located in proven For personal use only Sorpresa has an Au and Cu precinct established JORC B Exploration upside resource estimate of 125,000oz gold and C JORC resource Going for gold 7.9Moz of silver. and monetisation Going for copper * 23 December, 2014 ASX announcement D Reliable g
Slide 21: Sorpresa high-grade intersections
02 NEW FOCUS A Located in proven For personal use only Sorpresa has numerous high- Au and Cu precinct grade intersections, including: B Exploration upside C JORC resource Going for gold Going for copper and monetisation D Reliable gold SLIDE / 21 fundamentals
Slide 22: Northern Gold Prospect
NORTHERN GOLD PROSPECT For personal use only ✓ Northern Gold is 2km north of Sorpresa Resource and success offers synergies for any monetisation scenario ✓ An extensive area covering +350m strike length and 80m width of shallow (<6m) historical workings ASX Announcement: Northern Gold Update 4 April
Slide 23: Northern Gold Prospect – Section 6371200 N
NORTHERN GOLD PROSPECT – Section 6371200 N For personal use only Going for gold Going for copper Area Historical Workings SLIDE / 23 Auger and Aircore Drilling on Landsat ASX Announcement: Northern Gold Update 4 April 2019
Slide 24: Sorpresa area concept model – intrusion related gold system
SORPRESA AREA CONCEPT MODEL – Intrusion Related Gold System Guide for Exploration Targeting For personal use only Common features of IRGS Gold Deposits (Hart et al 2002) include 1. Inland side of accreted terranes 2. Spatial link to granitic plutons 3. Post deformation influx of gold 4. Extremely lo
Slide 25: Aspire for first gold at Sorpresa by 2022
02 NEW FOCUS A Located in proven For personal use only Aspire for first gold at Au and Cu precinct Sorpresa by 2022. B Exploration upside • The company’s initial aspiration is to be a 10,000oz per annum gold producer in three years. C JORC resource Going for gold • Exploration and resource expansion
Slide 26: Target schedule: development pathway
18 months Target Schedule 15 months EIA Ministerial Department For personal use only EIA Review Approval 12 months Community pathway Environmental Review 6 months Impact Day 0 Engineering Assessment Technical Board Studies Approval EIA Process 39 months 36 months First Ore Development 33 months CIL
Slide 27: Turbo-charged gold
02 NEW FOCUS A Located in proven For personal use only Turbo-charged gold Au and Cu precinct B • Safe-haven metal with broad appeal. Exploration upside • The World Gold Council* is predicting C future strong support for gold price. JORC resource Going for gold Going for copper and monetisation • NSW
Slide 28: Sorpresa district share of NSW gold production
In 2018, approximately 30 tonnes a For personal use only year, or 90% of NSW’s gold production, came from the Sorpresa district. Going for gold Going for copper *Open file data source from NSW Government Commissioning Year SLIDE / 28
Slide 29: High quality exploration projects are scarce
HIGH QUALITY EXPLORATION PROJECTS ARE SCARCE For personal use only ✓ Miners cost cutting is taking toll on global supplies ✓ Gold price increase will drive aggressive acquisition cycle ✓ During GFC period focus on debt reduction and margins with minimal to no investment in high cost, high risk Going
Slide 30: Contact Information
For personal use only Contact Information Registered Office Greg Keane • Exchange Tower CFO / Investor Relations Suite 411, Level 4 P +613 9620 5866 21 530 Little Collins Street months Melbourne VIC 3000 E rimfire@rimfire.com.au Going for gold www.rimfire.com.au Going for copper Australia SLIDE / 30
Slide 31: Appendices
Appendices For personal use only • Sorpresa maiden resource, Rimfire 23 Dec 2014 (Slide 20) • Sorpresa appraisal underway, Rimfire 15 October 2018 (Slide 21) Going for gold Going for copper • Gold outlook, 2019 , Industry (Slide 26) • www.industry.nsw.gov.au , Government (Slide 27) SLIDE / 31
Slide 32: Sorpresa – Location map Fifield NSW
SORPRESA – LOCATION MAP FIFIELD NSW For personal use only Axis of Sorpresa Mineralisation Axis of Sorpresa Mineralisation Going for gold Going for copper 1000m 1000m SLIDE / 32
Slide 33: Sorpresa – Geological setting
SORPRESA – GEOLOGICAL SETTING* For personal use only ✓ Au receptive horizon ✓ Black Silica – up to 30m thick ✓ Shear zone control ✓ Intersecting shears important ✓ Lens-like 3D geometry Going for gold Going for copper *Conceptual model of the geological setting *Refer to slide 20 for link to the Dec
Rimfire Pacific Mining — Investor Presentation (June 2019) on 6ix