Redcastle Resources Limited · ASX:RC1
Redcastle Resources — Investor Presentation (July 2024)
30 slides from Redcastle Resources's investor presentation, Jul 10, 2024
Slide 1: Investor Presentation July 2024
REDCASTLE For personal use only Investor Presentation July 2024 ASX: RC1
Slide 2: Disclaimer
For personal use only Disclaimer DISCLAIMER This document is confidential and may not be reproduced, redistributed or passed on, directly or indirectly. This document is neither a prospectus nor an offer to subscribe for Shares. Redcastle Resources Limited ACN 096 781 716 (Redcastle Resources) and
Slide 3: Corporate Overview
For personal use only Corporate Overview Capital Structure Share Price and Volume Shares on issue 328,284,155 Options on issue (Expiry 8 Sep 25 @ 3.2¢) 110,656,800 Share Price (at 30 June 2024) $0.022 Market Capitalisation (undiluted) $7.22M Cash Balance (at 30 June 2024) $0.91M Enterprise Value $6.
Slide 4: Why Invest in Redcastle
For personal use only Why Invest in Redcastle THE RIGHT ROCKS THE RIGHT STRUCTURES Quartz hosted in coarse grain dolerites and Significant shear zones and high grade in gabbros, found in most of the major gold veins that are amenable to mining both open mines in the Archaean pit and underground THE
Slide 5: Project Location
For personal use only Project Location The REDCASTLE PROJET is located: • ~58 kilometres east-southeast of the Gwalia REDCASTLE Gold Project Gold Mine near Leonora • 25 kilometres due south of Glencore’s Murrin Murrin Nickel-Cobalt Operations • Approximately 7 kilometres southeast of the recently an
Slide 6: Redcastle Project Area
For personal use only Redcastle Project Area • 10 tenements covering approximately 1088 ha, including 647 ha covered by ML or ML Applications • Native Title negotiations currently in progress ASX: RC1 | www.redcastle.net.au REDCASTLE
Slide 7: M39/318 – Key Data
For personal use only M39/318 – Key Data Maiden Queen Alexandra (“QA”) JORC MRE of 10,600 ounces Au1 Queen Alexandra JORC Exploration Target (excluding JORC MRE) comprises: Grade (g/t Au) Grade (g/t Au) Tonnes (kt) Tonnes (kt) Contained Gold (oz) Contained Gold (oz) Low High Low High Low High 8.0 10
Slide 8: Overview of Work to Date by CMPL
For personal use only Overview of Work to Date by CMPL • Independent review by Carras Mining Pty Ltd (CMPL) • Highlighted importance of deep drilling to locate and define high grade structures • Proposed shallow drilling campaign for potential starter pit and JORC MRE at Queen Alexandra • 4 site vis
Slide 9: All Drilling at Redcastle
All Drilling at Redcastle For personal use only All drilling at Redcastle to date • Evidence that Redcastle’s (including 3 diamond drill holes from current campaign) tenements are 469 Holes fundamentally 89% underexplored at depth 53 Holes 10% 7 Holes Only ~1% greater than 1% Holes < 60m 60m < Holes
Slide 10: Key Project Notes
For personal use only Key Project Notes • RC1 Project Area comprises extremely FAVOURABLE LITHOLOGIES for gold exploration • Major lithologies include GABBRO AND DOLERITE • Favourable lithologies are contained within extensive SHEAR ZONES • Extensive ELUVIAL/ALLUVIAL GOLD workings on RC1 & surroundi
Slide 11: Tenements with All Drilling (RAB, RC, Diamond)
For personal use only Tenements with All Drilling (RAB, RC, Diamond) ASX: RC1 | www.redcastle.net.au REDCASTLE
Slide 12: Tenements with Drilling > 100m depth
For personal use only Tenements with Drilling (RAB, RC, DD) > 100m depth ASX: RC1 | www.redcastle.net.au REDCASTLE
Slide 13: Overview of Target Areas of Interest (Yellow)
Overview of Target Areas of Interest (Yellow) For personal use only Target areas of interest for future work ASX: RC1 | www.redcastle.net.au REDCASTLE
Slide 14: M 39/318 Queen Alexandra Interpretation
For personal use only M 39/318 Queen Alexandra Interpretation ASX: RC1 | www.redcastle.net.au REDCASTLE
Slide 15: Overview of RC1 Work to Date - Drilling
For personal use only Overview of RC1 Work to Date - Drilling • Redcastle drilling at Queen Alexandra (QA) • RC drilling at QA • Total of 55 holes for ~3,275m • 2 deeper holes, RRC095 and RRC151 provided the first “clues” to the deep potential • Diamond drilling at QA • Currently in progress • Total
Slide 16: Queen Alexandra Diamond Drill Results
For personal use only M 39/318 Queen Alexandra Diamond Drill Results QA24D002 - Notable (uncut) results include: › 3.7m @ 37.5 g/t Au from 166.4m to 170.1 › including 0.9m @ 133g/t from 167.3m QA24D002 core tray showing visible gold intersection and the surrounding mineralisation ASX: RC1 | www.re
Slide 17: Queen Alexandra Diamond Drill Results
For personal use only M 39/318 Queen Alexandra Diamond Drill Results QA24D001 - Notable (uncut) results include › 2m downhole @ 10.7 g/t) observed within QA24D001 at 91.3m to 93.3m › visible gold observed at 91.81m on core surface and cut sample faces › oxide 1.9m @ 4.06 g/t Au from 30.70m to 32.6
Slide 18: Queen Alexandra Diamond Drill Results Interpretation
M 39/318 Queen Alexandra Diamond Drill Results Interpretation For personal use only ASX: RC1 | www.redcastle.net.au REDCASTLE
Slide 19: Long Section of Vein Looking North-East
For personal use only Long Section of Vein 1 Looking North-East, VG=Visible Gold ASX: RC1 | www.redcastle.net.au REDCASTLE
Slide 20: Long Section of Vein Looking North-East
For personal use only Long Section of Vein 2 Looking North-East, VG=Visible Gold ASX: RC1 | www.redcastle.net.au REDCASTLE
Slide 21: What Makes QA Geology Exciting
For personal use only What Makes QA Geology Exciting • Rock sample from QA showing fractal property of multiple vein orientations and blow out in intersection width within an anastomosing shear zone • Stockwork vein orientations observed at QA: • East-West striking, steep dipping and north dipping •
Slide 22: Mining Methodology
For personal use only Mining Methodology • The QA MRE is based upon conventional open pit mining and recent DD results have highlighted the potential to expand the pit with further drilling. • Provided sufficient gold is demonstrated through future drilling, long hole open stope mining could be a pr
Slide 23: Redcastle Reef and Mineralisation Extensions
For personal use only Redcastle Reef and Mineralisation Extensions Prospect Key Characteristics Redcastle Reef Extensive surface RC drilling Historical workings with plunge to the east Mineralisation in a quartz dolerite Presence of mineralised sigmoidal quartz veins Old workings over +750m strike 5
Slide 24: M 39/318 Redcastle Reef Drilling Plan
M 39/318 Redcastle Reef Drilling Plan For personal use only ASX: RC1 | www.redcastle.net.au REDCASTLE
Slide 25: Redcastle Reef Section 396,310mE
M 39/318 Redcastle Reef Section 396,310mE For personal use only ASX: RC1 | www.redcastle.net.au REDCASTLE
Slide 26: Redcastle Reef Exploitation
For personal use only Redcastle Reef Exploitation • Similar development plan to QA • Small starter open pit • Concurrent deeper RC drilling to test eastern plunge potential • PoW submitted for diamond and RC drilling • RC to focus on intercepts • Diamond focused on vein set orientation • Redcastle R
Slide 27: Redcastle Project Area – What's Next?
For personal use only Redcastle Project Area – What’s Next? ASX: RC1 | www.redcastle.net.au REDCASTLE
Slide 28: Strategic Plan For Redcastle Resources
For personal use only Strategic Plan For Redcastle Resources Queen Alexandra Concurrent short-term exploration • Complete diamond drill program priorities: • Pre-Feasibility Study for shallow open pit 1. Redcastle Reef – plunge to the east • Subject to positive Pre-Feasibility Study: 2. Telegraph •
Slide 29: Investing in Redcastle Gives Exposure To
For personal use only Investing in Redcastle Gives Exposure To ✓ Under explored area containing THE RIGHT ROCKS ✓ Demonstrated high grade veins in THE RIGHT STRUCTURES ✓ Multiple Areas of Interest in THE RIGHT LOCATION ✓ Opportunities managed by THE RIGHT TEAM Strategic pathways to value ASX: RC1 |
Slide 30: Thank you
R EDCASTLE For personal use only Thank you For any queries, please contact admin@redcastle.net.au redcastle.net.au
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