Resolution Minerals Ltd. · ASX:RML
Resolution Minerals — Shareholder Meeting (September 2018)
32 slides from Resolution Minerals's shareholder meeting presentation, Sep 28, 2018
Slide 1: A.G.M. Presentation
PAGE 1 A.G.M. PRESENTATION 28th September 2018
Slide 2: Disclaimer and Competent Persons Statement
D I S C L A I M E R A N D C O M P E T E N T P E R S O N S S TAT E M E N T This presentation has been prepared by Northern Cobalt Limited (Northern Cobalt). obligation to update or revise any information or any of the forward-looking This document contains background information about Northern Cobalt
Slide 3: Corporate Overview
CO RPO R AT E O VERVI EW PAGE 3 Len Dean Chairman Capital Structure 28 th September 2018 Metallurgist, experienced ASX Chairman BHP Marketing Director Iron Ore and Group General Manager Minerals Marketing. MD of India’s largest Ordinary Shares (m) 50.8 listed Iron Ore Company. Over 50 years industry
Slide 4: Projects & Plan
PAGE 4 PROJECTS & PLAN
Slide 5: Location, Mine and Mineral Style
L O C AT I O N , M I N E R A L I S AT I O N S T Y L E PAGE 5 N27’s Wollogorang Cobalt Project is a sediment hosted cobalt mineralisation system which has potential for low CAPEX and OPEX options due to: Wollogorang Cobalt Project, Northern Territory • Oxide mineralisation is dominated by asbolane an
Slide 6: Exploration Potential
E X P L O R AT I O N P O T E N T I A L PAGE 6
Slide 7: Resource Drilling – Stanton Co Deposit
RESOURCE DRILLING– Stanton Co Deposit PAGE 7
Slide 8: Wollogorang Project - Geology
WOLLOGORANG PROJECT - GEOLOGY PAGE 8
Slide 9: Stanton Resource Calculation
S TA N T O N R E S O U R C E C A L C U L AT I O N - 2 0 1 8 PAGE 9 JORC 2012 compliant resource of: 940,000t @ 0.13% Co, 0.06% Ni and 0.12% Cu Stanton Mineral Resource estimate coloured by resource category. Red is indicated and blue is inferred. Mineral Resource Estimate for the Stanton Cobalt Depo
Slide 10: Exploration Potential – Wollogorang Project: New Exploration Method
E X P L O R AT I O N P O T E N T I A L – W o l l o g o r a n g P r o j e c t NEW EXPLORATION METHOD PAGE 10 • Use Toyota air core rig for initial shallow drill testing to 5-10m to get beneath thin cover to host rocks • First pass drilling is analogous to surface sampling but with more effective cove
Slide 11: New Targets for Deeper Drilling
E X P L O R AT I O N P O T E N T I A L – W o l l o g o r a n g P r o j e c t NEW TARGETS FOR DEEPER DRILLING PAGE 11 • ~21 new drill targets generated • Coherent Co anomalism over 100pm in aircore drill holes over magnetic lows
Slide 12: Exploration Potential – GregJo Prospect
E X P L O R AT I O N P O T E N T I A L – G r e g J o P r o s p e c t PAGE 12 FIRST DRILL TARGET - GREGJO PROSPECT • Deeper RAB drilling completed at first drill target • Copper and cobalt mineralisation in drilling • Magnetic low on regional Gregjo Fault
Slide 13: GregJo Prospect Drill Results
E X P L O R AT I O N P O T E N T I A L – G r e g J o P r o s p e c t Hole ID Easting Northing Depth Depth Interval Cu (%) From To PAGE 13 18RAB009 792824 8144624 1 16 15 0.57 including 6 10 4 1.03 18RAB013 792788 8144655 5 12 7 1.26 including 1 4.98 18RAB014 792788 8144629 3 7 5 0.36 18RAB019 792863
Slide 14: Copper vs Cobalt Rich Zones
E X P L O R AT I O N P O T E N T I A L – G r e g J o P r o s p e c t PAGE 14 COPPER VS COBALT RICH ZONES: • Copper appears to be controlled by the Gregjo Fault • Cobalt and zinc are anomalous in the south-east part of the prospect • Mineralisation appears to be zoned from copper rich to cobalt then
Slide 15: GregJo Prospect – Section E 792922
E X P L O R AT I O N P O T E N T I A L – G r e g J o P r o s p e c t – S e c t i o n E 7 9 2 9 2 2 PAGE 15
Slide 16: GregJo Prospect – Section E 792789
E X P L O R AT I O N P O T E N T I A L – G r e g J o P r o s p e c t - S e c t i o n E 7 9 2 7 8 9 PAGE 16
Slide 17: GregJo Prospect vs Walford Creek
E X P L O R AT I O N P O T E N T I A L – G r e g J o P r o s p e c t v s Wa l f o r d C r e e k PAGE 17 GregJo Walford Creek Mineralisation controlled by Mineralisation controlled by the Gregjo Fault the Fish River Fault Transitional mineralisation Cu-Co adjacent to fault style from Cu-Co-Zn-Ba rich
Slide 18: Exploration – Next Steps
E X P L O R AT I O N – N e x t s t e p s PAGE 18 INDUCED POLARISATION (IP) SURVEY – GregJo Prospect: • Identifies disseminated sulphides such as pyrite and chalcopyrite which are present at depth at GregJo • Will allow the targeting of the most mineralised parts of the system at depth beneath the we
Slide 19: New Targets for Deeper Drilling
E X P L O R AT I O N P O T E N T I A L – W o l l o g o r a n g P r o j e c t PAGE 19 NEW TARGETS FOR DEEPER DRILLING • Deeper drill testing of new drill targets will continue while the IP survey is being undertaken • Focus on top targets just to the north and east of Stanton
Slide 20: Arunta Project - EMS
A R U N TA P R O J E C T - T E N E M E N T S PAGE 20 Northern Cobalt has acquired 100% interest in 9 tenements and made application for 4 adjoining tenements Alcoota Pegmatite Field • Prospective for Li-Cs-Ta as evidenced by sampling from the nearby Spotted Wonder Prospect and REE • A rock chip at K
Slide 21: Arunta Project - EMS
A R U N TA P R O J E C T - T E N E M E N T S PAGE 21 A recent field trip has confirmed the presence of significant pegmatites across the tenement package 12 km x 2 km Newly identified pegmatite zone, 12 km long by up to 2 km wide
Slide 22: Arunta Project - EMS
A R U N TA P R O J E C T - T E N E M E N T S Over 1800 soil samples have been PAGE 22 collected over interpreted pegmatite rich regions Assays are nearly completed
Slide 23: Northern Cobalt
PAGE 23 NORTHERN C O BALT POWERING THE FUTURE www.northerncobalt.com.au 67 Goodwood Rd, Wayville, Adelaide, South Australia 5034 mschwarz@northerncobalt.com.au +61 402 101 790 (Michael Schwarz)
Slide 24: Appendix 1. Drill hole table
Appendix 1. Drill hole table Max Depth Easting Northing Hole_ID (m) Grid_ID (m) (m) RL Azimuth Dip 18RAB001 13 MGA94_53 794101 8150276 74 360 -90 18RAB001a 15 MGA94_53 794102 8150276 74 360 -90 18RAB002 31 MGA94_53 793809 8149907 74 360 -90 18RAB003 25 MGA94_53 793834 8149929 74 360 -90 18RAB004 31
Slide 25: Drill hole table (continued)
18RAB042 31 MGA94_53 792974 8144488 52 360 -90 18RAB043 31 MGA94_53 792975 8144459 52 360 -90 18RAB044 31 MGA94_53 792970 8144425 52 360 -90 18RAB045 28 MGA94_53 793019 8144376 52 360 -90 18RAB046 31 MGA94_53 793014 8144402 51 360 -90 18RAB047 68 MGA94_53 793021 8144424 54 360 -90 18RAB048 34 MGA94_
Slide 26: Appendix 2. JORC Code Table 1 – Sampling Techniques and Data
18RAB087 34 MGA94_53 793140 8144340 47 360 -90 18RAB088 31 MGA94_53 793143 8144367 47 360 -90 Appendix 2. The following tables are provided to ensure compliance with the JORC Code (2012) requirements for the reporting of the exploration results for the Wollogorang Cobalt Project Section 1 Sampling T
Slide 27: JORC Table 1 – Drill sample recovery and logging
Criteria JORC Code explanation Commentary Drill sample • Method of recording and assessing • Recovery generally good, with poor recovery core and chip sample recoveries and recovery in a small number of results assessed. samples due to groundwater. • Measures taken to maximise sample recovery and en
Slide 28: JORC Table 1 – Quality control and verification
Criteria JORC Code explanation Commentary etc. controlled enviroment at the • Nature of quality control procedures Wollogorang field camp. A Bruker adopted (eg standards, blanks, Titan S1 was utilised on a stand duplicates, external laboratory checks) operating in cobalt applicaton mode and whether
Slide 29: JORC Table 1 – Sample security and audits
Criteria JORC Code explanation Commentary Sample • The measures taken to ensure sample • Samples are bagged and sealed in security security. plastic tubs on site and transported to the analytical laboratories by commercial transport companies for traditional anlyses and to the field camp for pXRF an
Slide 30: Section 2 Reporting of Exploration Results
Section 2 Reporting of Exploration Results (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Commentary Mineral • Type, reference name/number, • Wollogorang Cobalt Project tenement location and ownership including exploration area occurs on EL 31272 and land
Slide 31: JORC Table 2 – Geology and drill hole information
Criteria JORC Code explanation Commentary within the flat lying interbedded sediment and volcanic rock units of the Proterozoic Gold Creek Volcanics. Brecciation and faulting has a strong control on the intensity and limits of mineralisation. In fresh rock the cobalt-nickel is located in disseminate
Slide 32: JORC Table 2 – Mineralisation widths and intercept lengths
Criteria JORC Code explanation Commentary Relationship • These relationships are particularly • Any observations made are down hole between important in the reporting of length and true width is not known. mineralisatio Exploration Results. n widths and • If the geometry of the mineralisation with r
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