Rockfire Resources Plc · LSE:ROCK
Rockfire Resources — Investor Presentation (February 2018)
37 slides from Rockfire Resources's investor presentation, Feb 8, 2018
Slide 1: Papua Mining plc
Papua Mining plc (LON : PML) Gold and Copper in Australia and Papua New Guinea
Slide 2: Disclaimer
Disclaimer Important Information This presentation has been prepared by Papua Mining plc (“PML” or the “Company”). It should not be considered as an offer or invitation to subscribe for, or purchase any, securities in the Company or as an inducement to make an offer or invitation with respect to tho
Slide 3: Papua Mining plc (LON: PML) – exploring amongst giants
Papua Mining plc (LON: PML) – exploring amongst giants • Pursuing gold and large-scale copper/gold deposits • Motivated towards high investment returns with exploration in two world-class mining destinations • Acquisition of BGM Investments Pty Ltd with breccia-hosted, IRGS, epithermal and porphyry
Slide 4: 10-year gold price chart (US$)
Papua Mining plc (LON: PML) – 10-year gold price chart (US$) Source: www.goldprice.org
Slide 5: 10-year copper price chart
Papua Mining plc (LON: PML) – 10-year copper price chart US$/T Source: www.lme.com/Metals/Non-ferrous/Copper
Slide 6: Papua Mining plc – company profile
Papua Mining plc – company profile AIM Code: PML Ordinary Shares (million) 343.34 Market Cap (£0.0125) £4.29M Cash at 1 Feb 2018 £1.0M Debt at 1 Feb 2018 £0 Shareholder Shares (M) % Directors & Management Michael Somerset-Leeke 51.15 14.90 Value Generation/P.& M. Johnson 20.87 6.08 Michael Somerset-
Slide 7: Papua Mining plc – board of directors
Papua Mining plc – board of directors • Michael Somerset-Leeke (Non-Executive Chairman) • David Price Winchmore plc, Coni & Covington Managing Director and CEO (FAusIMM) Stockbrokers. Geologist, (30 years experience) Australia, PNG, Fiji, China, Greece, Austria • Hugh Martin McCullough Convergent Mi
Slide 8: Australian projects
Australian projects • ‘Lighthouse’ EPM 25617 Gold/Silver/Copper Sits amongst giants - Charters Towers, Pajingo, Mt Leyshon, Ravenswood, Mt Wright within a region which has produced +20 million ounces of gold. • ‘Marengo’ EPM 25715 Gold IRGS Historical goldfield (1871) within 50km of Mt Carlton (1.4
Slide 9: Papua New Guinea projects
Papua New Guinea projects • ‘Tripela’ EL 1462 Rocks up to 29% Cu Large, mineralised copper/gold target. • ‘Mount Visi’ EL’s 2051 and 2322 Virgin discovery with outcrops up to 35.5 g/t Au and 4% Cu. PML owns 100% of all tenements
Slide 10: Australia & Papua New Guinea
Australia & Papua New Guinea AUSTRALIA PAPUA NEW GUINEA • World-class gold and copper • World-class gold & copper deposits deposits • “Giant deposit” exploration potential • Strong history of mining • Modern and proven Mining Act • Modern and proven Mining Act • Strong history of mining • Realistic
Slide 11: Papua Mining plc – mineralisation models
Papua Mining plc – mineralisation models Marengo Lighthouse Mount Visi Copperhead Tripela Source: Gregg Morrison1, Vladimir Lisitsin2 & Courteney Dhnaram2 1. Klondike Exploration Services, Townsville 2. Geological Survey of Queensland, Brisbane Digging Deeper, December 03, 2014
Slide 12: Lighthouse
Lighthouse Queensland, Australia 624 sq. km. Multiple breccia, epithermal and vein-hosted mineralising systems Upside potential = discovery of a Mt Wright-style or Mt Leyshon-style gold deposit
Slide 13: Lighthouse strong potential
Lighthouse strong potential • Regional production +20moz Au • Previous Pennaroya, ESSO, City Resources, CRA , Aberfoyle, Newcrest, Ramelius, Liontown. • 20km from Pajingo Gold Mine (operating) • Surround Mt Leyshon Gold Mine lease (C&M) • Numerous prospect targets
Slide 14: Lighthouse multiple prospects
Lighthouse multiple prospects
Slide 15: Lighthouse plateau prospect
Lighthouse plateau prospect Historical drilling results include: • 44m @ 2.4 g/t Au • 10m @ 5.0 g/t Au Assay results from Nov/Dec 2017 drilling include: • 8m @ 3.0 g/t Au • 22m @ 1.9 g/t Au + 22.3 g/t Ag (39m downhole) • 14m @ 2.4 g/t Au • 18m @ 1.0 g/t Au + 10.5 g/t Ag (119m downhole) • 3m @ 4.9 g/
Slide 16: Lighthouse possible analogy
Lighthouse possible analogy Plateau polymict breccia Mt Wright polymict breccia Plateau hydrothermal rhyolite breccia Mt Wright hydrothermal rhyolite breccia Source of Mt Wright photos: Nick Lisowiec1, Gregg Morrison2 1 Carpentaria Gold / Resolute Mining Ltd, Ravenswood, QLD 2 Klondike Exploration S
Slide 17: Lighthouse plateau prospect
Lighthouse plateau prospect
Slide 18: Lighthouse plateau prospect
Lighthouse plateau prospect Plan view of Plateau showing the rhyolite dome (in grey/brown) and mineralised lodes at the margins of the dome.
Slide 19: Lighthouse plateau prospect
Lighthouse plateau prospect Long Section showing depth potential.
Slide 20: Lighthouse double event prospect
Lighthouse double event prospect In 1990, WMC collected 179 rocks, including: 87.00 g/t, 65.00 g/t, 61.00 g/t, 60.00 g/t, 58.50 g/t, and 58.00 g/t Au Battle Mountain drilling in 1987 • 2m @ 13.2 g/t Au • 4m @ 4.65 g/t Au • 1m @ 3.93 g/t Au • 4m @ 2.87g/t Au • 1m @ 3.25g/t Au • 1m @ 2.94g/t Au • 2m @
Slide 21: Lighthouse lower lighthouse prospect
Lighthouse lower lighthouse prospect Historical rock sampling including 18.0 g/t; 15.0 g/t and 12.0 g/t Ag. Mt Leyshon drilling (1992) • 2m @ 7.3 g/t Au • 2m @ 6.8 g/t Au • 1m @ 2.28 g/t Au Parallel quartz-sulphide lodes and old workings extend for +600m strike Rock sample results are up to 33g/t Au
Slide 22: Lighthouse regional targets
Lighthouse regional targets Warrawee ZINC Visible copper carbonate (malachite) at surface at Split Rock Rollston River Highest rock samples Otway Split Rock 11.36 % Cu Scrubby Dam 3.5 g/t Au Plateau 0.4 % Co Bullseye Cardigan Bell Rock Warrawee COPPER Rollston River Otway Split Rock Scrubby Dam Plat
Slide 23: Lighthouse new acquisitions
Lighthouse new acquisitions MONARCH KOOKABURRA NEW LEYSHON
Slide 24: Marengo
Marengo Queensland, Australia EPM 25715 Epithermal and Intrusion- related gold system (IRGS) Upside potential = discovery of a Mt Carlton-style gold deposit
Slide 25: Marengo a large, under-explored goldfield
Marengo a large, under-explored goldfield • Historical Marengo Goldfield • 37 gold workings • 55km from Mt Carlton Gold Mine • Multiple intrusions and structural events - critical for mineralised systems
Slide 26: Marengo multiple intrusive events
Marengo multiple intrusive events • Discovered in 1871 • Very high-grade rocks • Au, Cu, Ag potential • NW faults important for mineralisation • 38 shallow holes drilled at 4 sites • Costean at Flat Reef 12m @ 6.1 g/t Au • One Mile Mountain hydrothermal breccia is undrilled
Slide 27: Marengo visible copper, bonanza-grade gold
Marengo visible copper, bonanza-grade gold
Slide 28: Copperhead
Copperhead Queensland, Australia EPM 25531 Porphyry Copper Upside potential = discovery of a large porphyry copper deposit
Slide 29: Copperhead large porphyry system
Copperhead large porphyry system • Listed in the USGS ‘Global Mineral Resource Assessment’ • 1970 Cu vein discovered at Julivon in 1970 • 5 drill holes at Julivon have visible chalcopyrite throughout (to max 300m depth) • Auger drilling outlined a coherent +100ppm copper-in-soil anomaly in excess of
Slide 30: Copperhead open in all directions
Copperhead open in all directions • 5 holes by Carpentaria Julivon Prospect Exploration in 1972 • Sample collected each 30m downhole to 300m • Weighted average +450ppm Cu 0.25% Cu + 2.1g/t Ag • Includes +450ppm Cu 2.81% Cu + 12g/t Ag potential for high-grade
Slide 31: Papua New Guinea
Papua New Guinea New Britain (352 sq. km) Porphyry copper/gold Upside potential = discovery of Golpu-style copper/gold deposit
Slide 32: Papua New Guinea 'elephant' territory
Papua New Guinea ’elephant’ territory Manus 12 Moz Au 435 Kt Cu Lihir 56 Moz Au Porgera Bougainville 16 Moz Au 17 Moz Au + 4.7 Mt Cu Wafi-Golpu 13 Moz Au 4.4 Mt Cu Woodlark 2 Moz Au Misima 4 Moz Au 20 Moz Ag
Slide 33: Tripela large mineralised system
Tripela large mineralised system • 6,500m drilling • Diorite porphyry (host to most porphyry copper deposits in the region) • Intense hydrothermal alteration 3-dimensional modelling of Tripela
Slide 34: Up to 29% Cu in outcrop
Tripela intensely altered and mineralised Up to 29% Cu in outcrop
Slide 35: Mt Visi new, near-surface discovery
Mt Visi new, near-surface discovery • Mineralized copper porphyry with shearing and brecciation • Outcrop samples to 35.5 g/t Au + 4.0% Cu • 776m of diamond drilling in 5 holes (deepest hole only 211m) • Propylitic transitional to potassic alteration styles ✓ dominant in areas of < 0.3 % Cu ✓ chlori
Slide 36: Papua Mining plc (LON: PML) – what to expect
Papua Mining plc (LON: PML) – what to expect Lighthouse • Geophysics at Plateau • RC drilling • Regional assessment Marengo • Geophysics at One Mile Mountain • Rock sampling and XRF survey at One Mile Mountain Copperhead • Geophysics at Julivon Creek Papua New Guinea • Review and targeting at Tripel
Slide 37: Papua Mining plc
Papua Mining plc Website: www.papuamining.com E-mail: david@papuamining.com
Rockfire Resources — Investor Presentation (February 2018) on 6ix