Mount Ridley Mines Limited · ASX:MRD
Mount Ridley Mines — Investor Presentation (February 2015)
12 slides from Mount Ridley Mines's investor presentation, Feb 25, 2015
Slide 1: Presentation February 2015
For personal use only PRESENTATION February 2015
Slide 2: Disclaimer
Disclaimer For personal use only Forward Looking Statements No representation or warranty, express or implied, is made by Mount Ridley Mines Ltd that the material contained in this presentation will be achieved or prove to be correct. Except for the statutory liability which cannot be excluded, each
Slide 3: Directors
Directors For personal use only Mr. Goodwin is a geologist with over 25 years exploration experience which has included acting as Head of Geology at Focus Minerals Limited and a six year period as Managing Director of Barra Resources Ltd (2004-2010). Dean Goodwin Managing Director Mr. Goodwin also s
Slide 4: Capital Structure
Capital Structure For personal use only Total Shares on Issue 688,774,646 Total Options on Issue - Unlisted Options exercisable at 1.25 cents on or before 31/8/2019 275,000,000 Other options exercisable between 1.5 and 7.0 cents with 118,957,062 varying lives Director’s Interests Shares 103,687,500
Slide 5: Mt Ridley Project Location
Six tenements in the Fraser Range region. For personal use only • E63/1547 • E63/1564 • E63/1617 • E63/1719 • E63/1721 • All 100% owned. • No royalties or other rights. • Approx. 1000 sq.km in total area. Mt Ridley Project Location
Slide 6: Gravity Corridor – The Place To Be!
Regional gravity image highlights the For personal use only Fraser Complex as the place to be. Mt Ridley and SIR’s ground is largely on the gravity high area. The high gravity areas (red-white colours) are more dense iron rich (mafic- ultramafic) rocks which are highly prospective for Ni and C
Slide 7: Mt Ridley Project Regional Aeromagnetic Image
• Detailed low level 100m For personal use only spaced survey • 37 targets identified • 7 targets rated high priority • Magnetic low targets best chance to be late stage intrusions Mt Ridley Project Regional Aeromagnetic Image
Slide 8: Orthophoto Image Showing Primary Drill Traverses
• 92 aircore holes recently completed For personal use only • 7 highest priority targets selected for drill testing • Looking primarily for the right rocks, Ni and Cu anomalism and thickness of cover • Drilled on existing cleared tracks and gridlines and very broad spacing. Orthophoto Image Showing
Slide 9: Targets 19 & 20 Drillhole Location Plan
• Targets 19 & 20 contain Olivine bearing gabbro's- “the For personal use only right rocks” • Thin section work has identified primary disseminated Ni and Cu sulphide at both targets. • Target 19 confirmed 7 km’s long and up to 550m thick. • Target 20 potential feeder pipe 450m in diameter. • Signif
Slide 10: Planned Work Program – Coming Months
Planned Work Program – Coming For personal use only 6 Months • Program of Works submitted • Gravity Survey over Targets 2, 19 & 20 • Significant aircore program of over 400 holes to test Targets 19 & 20 • 45 RC holes and 25 Diamond Holes • Downhole EM Surveys in diamond holes • Airborne EM Surveys p
Slide 11: Summary/Highlights
SUMMARY/HIGHLIGHTS For personal use only • Multiple intrusions containing primary disseminated Ni & Cu sulphides • Nickel bearing sulphides include pentlandite, violarite and millerite. • Two separate olivine bearing mafic-ultramafic intrusions – Targets 19 & 20 with apparent strike lengths of 7.0km
Slide 12: Competent Persons Statement
For personal use only Competent Persons Statement The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dean Goodwin who is a Member of the Australian Institute of Geoscientists. Mr Goodwin is the Managing Director o
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