Auris Minerals Ltd. · ASX:AUR
Auris Minerals — Resource and Investment NL — Investor Presentation (June 2014)
18 slides from Auris Minerals's investor presentation, June 2014
Slide 1: Copper-Gold Discoveries in the Bryah Basin
Copper-Gold Discoveries in the Bryah Basin Investor Presentation – June 2014
Slide 2: Competent Person's Statement and Forward-Looking Statements
RESOURCE AND INVESTMENT NL ABN 77 085 806 284 34 BAGOT ROAD SUBIACO WESTERN AUSTRALIA 6008 PO BOX 298 WEST PERTH WESTERN AUSTRALIA 6872 TEL (+61 8) 9489 9200 FAX (+61 8) 9489 9201 EMAIL general@rninl.com.au WEBSITE www.rninl.com.au Competent Person’s Statement Information in this announcement relate
Slide 3: Corporate Snapshot
Corporate Snapshot Corporate Structure Capital Structure Executive Chairman: Miles Kennedy Share Price A cents 16c • 30 years’ experience. Former Chairman of Sandfire Shares on Issue1 m 421.8 Resources, Macraes Mining and Kimberley Diamond Co Market Cap A$m 67.4 Executive Technical Director: Cash A$
Slide 4: The RNI Strategy – Exploration and Production
The RNI Strategy – Exploration and Production • Resource & Investment NL (ASX:RNI) is pursuing a parallel exploration & production strategy in Western Australia’s highly-prospective Bryah Basin region. This strategy involves: • Exploring for high-grade copper-gold discoveries at priority targets ide
Slide 5: Exploration Upside: A Dominant Holding in a Proven VMS Province
Exploration Upside: A Dominant Holding in a Proven VMS Province • RNI has a dominant 1,866km² holding in Western Australia’s Bryah Basin - a proven mineralised province which hosts the DeGrussa and Horseshoe Lights volcanogenic massive sulphide (VMS) copper-gold projects • RNI’s targeting programs f
Slide 6: Six Well Defined Project Areas
Six Well Defined Project Areas: With a Pipeline of Priority Copper-Gold Targets • Over the past two years, RNI has built and consolidated six key project areas in the Bryah Basin. All six project areas are prospective for copper-gold discoveries • Pipeline of priority targets include Forrest, Wodger
Slide 7: The Bryah Basin
The Bryah Basin A Proven Copper Province • Three known copper-gold projects in a developing province – DeGrussa, Horseshoe Lights and Thaduna • Limited effective copper exploration across the broader Bryah Basin 7
Slide 8: RNI Tenements – 120km of VHMS Target Horizons
RNI Tenements – 120km of VHMS Target Horizons • RNI’s Bryah Basin tenements include ~120 strike km of volcanogenic hosted massive sulphide (VHMS) target horizons. These represent priority targets • RNI’s targeting method focuses on shallow gold-rich oxide resources, with little or no deep drilling,
Slide 9: The Forrest VHMS Copper-Gold Discovery
The Forrest VHMS Copper-Gold Discovery • RNI’s targeting method successfully identified the Forrest copper-gold discovery • First diamond hole at Forrest (FGDD001) returned 9.1m @ 5.27% Copper, 2g/t Gold and 8.35g/t Silver from 142.95m including 4.25m @ 8.8% Cu, 2.84g/t Au and 15g/t Ag • Prior RC re
Slide 10: Forrest – The Core of the Matter
Forrest – The Core of the Matter • Core from diamond hole FGDD001 included grades of up to 15.7% Copper, 5.51g/t Gold and 24.5g/t Silver • Geochemistry totally consistent with VHMS origin with strongly elevated levels of barium, silver, bismuth and tellurium • Mineralisation includes foliated zones
Slide 11: Forrest – The Next Stage
Forrest – The Next Stage • Mineralisation open in all directions. Southern extension totally untested • Priority follow-up drilling and exploration programs approved • Targeting copper-gold at depths > 200m with southerly plunge and westerly dip 11
Slide 12: Forrest – Part of a Much Bigger Picture
Forrest – Part of a Much Bigger Picture The VHMS Discovery Sits Within a Priority 12km Copper Corridor • Forrest is part of an untested 12km VHMS trend which extends north towards the Grosvenor gold plant • 12km corridor also includes the Big Billy, Wodger and Callies copper and base metals prospect
Slide 13: Cashmans Project
Cashmans Project Another ~45km of Priority VHMS Target Horizons to Test • High-grade surface copper assay results of up to 17.4 % at T10 prospect at Cashmans on a 25km geological trend at the base of the Narracoota Volcanics • Overall, RNI has ~45km strike of this favourable geological trend at Cash
Slide 14: The Gold Story: A Profitable Near-Term Producer
The Gold Story: A Profitable Near-Term Producer Near-Term Production Pathway: • Low-cost and near-term development of the ~2Moz Grosvenor and Peak Hill gold projects, with high-recovery processing via existing Carbon-in- Leach plant, supplemented by new Heap Leach operations Compelling Financial Mod
Slide 15: An Existing ~2Moz Gold Inventory
An Existing ~2Moz Gold Inventory JORC compliant gold resources of ~2Moz: • The current resource base has clear potential to expand through extensional and step-out drilling of known deposits Significant scope for near-mine discoveries: • The district has proven gold mineralisation but is under-explo
Slide 16: The Near-Term Pathway to Gold Production
The Near-Term Pathway to Gold Production • Requires pre-production capex of ~$35m • Can be in production within 7-8 months of project funding • Financing negotiations well advanced with multiple parties • Parallel processing options including conventional CIL through existing Grosvenor gold plant an
Slide 17: Appendix 1: Mineral Resources
Appendix 1: Mineral Resources Grosvenor Gold Project (incl HCP) JORC 2012 Classification Tonnes (kt) Au (g/t) Ounces (Oz) MEASURED 2,054 1.95 129,000 INDICATED 12,983 1.90 793,600 INFERRED 7,737 1.95 485,400 TOTAL 22,774 1.93 1,408,000 Peak Hill Project JORC 2004 Classification Tonnes (kt) Au (g/t)
Slide 18: Contact: 34 Bagot Road, Subiaco WA 6008
Contact: 34 Bagot Road, Subiaco WA 6008 PO Box 298, West Perth WA 6872 P +61 8 9489 9200 / F +61 8 9489 9201 E general@rninl.com.au / W www.rninl.com.au
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