Tartana Minerals Limited · ASX:TAT
Tartana Minerals — Corporate Update (July 2022)
28 slides from Tartana Minerals's corporate update, Jul 21, 2022
Slide 1: Market Update
Market Update (ASX:R3D) Revenue focus supporting high impact exploration July 2022
Slide 2: Disclaimer
DISCLAIMER The material in this presentation (Material) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security in R3D Resources Limited (R3D) (ACN 111 398 040) nor does it form the basis of any contract or commitment. In the event that an off
Slide 3: R3D Strategy: Develop a Sustainable Cash Flow to Finance Exploration
R3D STRATEGY: Develop a Sustainable Cash Flow to Finance Exploration Near Term Exploration Projects Cash Generating Projects Highly prospective portfolio each with “company maker” potential Tartana Copper Sulphate Plant Tartana: Sulphide Copper, Gold, Zinc Bulimba-Beefwood: Copper, Gold, • Stage 1 d
Slide 4: Dominant position in the historically copper rich Chillagoe region
We have a dominant position in the historically copper rich Chillagoe region with mining leases, EPMs and various applications/agreements. We focus on exploration which has the potential to create significant shareholder value. To finance our exploration activities, we are seeking to generate our ow
Slide 5: Recent Achievements and Upcoming Milestones
Recent Achievements and Upcoming Milestones 2022 to date Q3 2022 2023+ • Copper Sulphate plant refurbishment on • Tartana Copper drilling results expected • Targeting to be cash flow positive from track including Supergene Indicated Resource CY2023 • Nightflower Silver Exploration Target and Oxide I
Slide 6: R3D's ESG Credentials
R3D’s ESG Credentials Zeehan Zinc Slag Removal & Site Rehabilitation • R3D has stockpiles of zinc low grade furnace slag/matte at an historic smelter site at Zeehan, Tasmania. • We have exported 14 low grade furnace slag/matte shipments totalling approximately 290,000 tonnes through the Burnie Port
Slide 7: Tartana Heap Leach–Solvent Extraction–Crystallisation Plant
Tartana Heap Leach–Solvent Extraction–Crystallisation Plant Restart of Copper Sulphate Pentahydrate Production • Plant capacity up to 9,500 tpa for high quality copper sulphate pentahydrate production. • Copper Sulphate Pentahydrate is approximately 25% copper • Sale price reflects the LME copper pr
Slide 8: Tartana Heap Leach–Solvent Extraction–Crystallisation Plant
Tartana Heap Leach–Solvent Extraction–Crystallisation Plant The heap leach – solvent extraction – crystallisation circuit is similar to a heap leach solvent extraction – electrowinning plant (e.g. Nifty Copper Mine (ASX:CYM), Capricorn Copper Mine (ASX:29M)) except we produce copper sulphate instead
Slide 9: Tartana Heap Leach–Solvent Extraction–Crystallisation Plant
Tartana Heap Leach–Solvent Extraction–Crystallisation Plant Copper Inputs Significant Local + International Demand • 6,500 tpa Copper Sulphate production rate requires copper • R3D estimates 25k tonnes annual demand in the region input of approx. 1625 tpa Cu. alone – including significant demand fro
Slide 10: Tartana Mining Leases
Tartana Mining Leases • The Palmerville Fault is a major crustal feature • The Chillagoe formation lies to the east of this fault and comprises limestones, interbedded shales/ sandstones, cherts and minor volcanics. • It hosts copper porphyry mineralisation with associated skarns. • Moving east from
Slide 11: Tartana Copper Exploration
Tartana Copper Exploration • Tartana open pit mineralisation has been extensively drilled with more than 68 drillholes into the copper mineralisation associated with the open pit out of a total of 152 drillholes across the mining leases. • The oxide copper mineralisation is close to surface and repr
Slide 12: Tartana Copper Exploration
Tartana Copper Exploration • We have identified a copper target in the southwest of the leases and defined by historical IP and Resistivity anomalies and historical workings. • The target is located in proximity to the zinc skarns including the Queen Grade project (on Tartana mining lease), and the
Slide 13: Tartana Queen Grade Zinc Project
Tartana Queen Grade Zinc Project • Diamond drilling results previously reported include: • TDH 15 - 33m @ 12 % Zn • TDH 22 - 6m @ 12.8% Zn • NARC 17 - 60m @ 3.7% Zn including 14m @ 7.7% Zn • Previous deepest drillhole intersection is only 130m below surface compared to King Vol mineralisation which
Slide 14: Cardross – Maid Project Area
Cardross – Maid Project Area • EPM 27735 granted (Feb 2022) • Historic JORC 2004 estimate of 532,000 ounces Au at Maid based on 53 RC drill holes all of which intersected mineralisation • Cardross and Maid mining lease applications have now passed advertising period and entering Native Title and Lan
Slide 15: Cardross – exploration highlights
Cardross – exploration highlights Recent geophysical interpretation by R3D has identified discrete magnetic highs associated with mineralisation. Historical drilling* indicated highly encouraging copper and gold intersections at shallow depths • 19m of 1.17 % Cu from 3.00m CA12AT012 • 18m of 0.74 %
Slide 16: Maid – exploration highlights
Maid – exploration highlights • Maid is interpreted as an Intrusion Related Gold System (IRGS) with gold mineralization occurring in quartz vein stockworks. • Past explorer, Axiom Mining released a JORC 2004 resource on 10th December 2010. • Our focus is to define a higher-grade resource suitable fo
Slide 17: Bellevue – exploration highlights
Bellevue – exploration highlights • Bellevue/Dry River has more than 10 separate copper/gold prospects following a prospective stratigraphy • The OK Mines group have been interpreted as a VHMS mineralisation style based on the presence of nearby volcanic units • Haematitic iron-stone breccias are al
Slide 18: Beefwood/Bulimba – exploration highlights
Beefwood/Bulimba – exploration highlights • Bulimba tenements subject to the Newcrest Agreement where the bulk of the required expenditure under the Agreement has been incurred to allow for the transfer of the tenements to R3D under the Agreement – expecting to complete in 2H CY2022. • Beefwood opti
Slide 19: Nightflower Silver Project
Nightflower Silver Project • IP anomalies indicate target zones with historical small-scale mining along the Digger Lode and Terrace Prospect • Recently announced 2.75 Mt @ 147 Ag Eq for 21.65 million oz Ag Eq to 5.36Mt @ 245 Ag Eq for 25.33 million oz Eq. For the Digger Lode only. Note: The Explora
Slide 20: Dimbulah Porphyry Copper Project
Dimbulah Porphyry Copper Project • Dimbulah Porphyry Copper project (EPM 27089) covers a copper- mineralised, multi-phase porphyry intrusive identified from historical drill intersections, mapping and geophysics. • Numerous historical workings and drilling by past explorers, particularly on Porphyry
Slide 21: Experienced Management Team
Experienced Management Team Dr Stephen Bartrop – Managing Director PhD, BSc (Hons), Grad. Dip. Securities Instit. MAusIMM, F Fin, FAIG, GAICD. Steve’s professional experience spans more than 30 years covering periods in both the mining industry and financial sector. With a geology background, Steve
Slide 22: For further information: Dr Stephen Bartrop Managing Director
For further information, please contact: Dr Stephen Bartrop Managing Director R3D Resources Limited M: + 61 408 486 163 P: + 61 2 9392 8032 22
Slide 23: Appendix
Appendix RESOURCES 23
Slide 24: Capital & Financial Overview
Capital & Financial Overview Key Information ASX Code ASX:R3D Share Price $0.13 Financial Information (15 July 2022 close) 30 day VWAP $0.123 (Source: IRESS) Cash at $1.15 million 30 June 2022 Market Cap $18.04 million (15 July 2022 close) $3.11 million Recent Capital Raising $0.75 not included in 3
Slide 25: Copper – Key in the Renewable Energy Revolution
Copper – Key in the Renewable Energy Revolution Decarbonisation & Sustainability Copper demand is forecast to double over the next 30 years with electric transport and renewable infrastructure underpinning this demand • EPA estimates transportation accounts for 29% of US greenhouse emissions • Presi
Slide 26: Company Positioning within the Sector
Company Positioning within the Sector Significant potential uplift as R3D builds market confidence that it is transitioning from explorer to producer. However, we also retain exploration targets with potential to create material shareholder value. 26 Data compiled June 2022.
Slide 27: Board of Directors
Board of Directors Mr Richard Ash – Independent Non-Executive Chairman Richard has more than 30 years of experience in funds management, finance and principal investment in Australia, Asia and the UK. Prior to forming AAP Capital to advise Family offices on investments, Mr Ash was a Managing Directo
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