Slide 1: Redstone Resources Limited Investor Presentation
For personal use only REDSTONE RESOURCES LIMITED INVESTOR PRESENTATION December 2017 1
Slide 2: Board of Directors and Company Overview
Board of Directors and Company Overview For personal use only Mr Richard Homsany Dr Greg Shirtliff Chairman Geological Consultant Corporate and commercial lawyer for over 20 years advising and Geologist with over 16 years’ experience in the minerals industry managing public listed resource a
Slide 3: West Musgrave – Project Location
West Musgrave – Project Location For personal use only NEED NEW MAP HERE 3
Slide 4: Geological Setting and West Musgrave Prospectivity
Geological Setting and West Musgrave Prospectivity For personal use only The West Musgrave is an area experiencing active exploration by a number of companies. The main targets are Ni‐Cu ± PGE and PGE in layered mafic‐ultramafic intrusions and hydrothermal Au ± Cu and other metals related to felsic
Slide 5: Redstone's West Musgrave Project Contains Key Geological Criteria
Redstone’s West Musgrave Project Contains Key Geological Criteria For personal use only Redstone’s 100% owned West Musgrave Project contains all of the key geological criteria for West Musgrave prospectivity: 1. Large layered mafic‐ultramafic intrusions in the north and south of the property. 2. A l
Slide 6: Potential For Large Hydrothermal Ore Forming Systems Already Proven at Tollu
Potential For Large Hydrothermal Ore Forming Systems Already Proven at Tollu For personal use only Local Geology ‐ Musgrave Project Reduction to Pole Airborne Magnetics – Musgrave Project Cu‐carbonate at the surface TOLLU TOLLU 5k m Tollu is a very significant hydrothermal system The prospectivity
Slide 7: High Grade Copper Mineralisation at Tollu Continues to be Expanded
High Grade Copper Mineralisation at Tollu Continues to be Expanded For personal use only The 2017 drilling continued the expansion of the Tollu copper mineralisation • 14m at 3.25% Cu from 27m (TLC153), which includes: 4m at 6.45% Cu from 28m, inclusive of 1m at 11.9% from 31m; and 5m at 3.2% Cu
Slide 8: Extent of Hydrothermal Mineralisation on West Musgrave Project Yet to be Tested
Extent of Hydrothermal Mineralisation on West Musgrave Project Yet to be Tested For personal use only The extent of hydrothermal mineralisation on Redstone’s 100% owned West Musgrave Project has not been tested beyond the Tollu Project. Even at the Tollu Project the major through‐structure has not y
Slide 9: Large Magmatic Ni-Cu Exploration Model for Tollu is Still 'Live'
Large Magmatic Ni‐Cu (±Co±PGE) Exploration Model for Tollu is Still ‘Live’ For personal use only A diamond tailed RC drill hole intersected Gabbro Conceptual model of Ni‐Cu‐Co mineralisation beneath Tollu based on theoretical models and current drilling data beneath the Tollu Group felsic volcanics
Slide 10: Stepping Outside Tollu – VTEM Targets Require Priority Follow-up Exploration
Stepping Outside Tollu – 11 VTEM Targets Require Priority Follow‐up Exploration For personal use only An airborne electromagnetic (VTEMmax) survey was conducted over the Redstone West Musgrave Project in April 2017. Detailed analysis of the data has led geophysicists to conclude that eleven anomalie
Slide 11: Thick Sulphide Body Intersected at EM1A, First EM Target Drilled
Thick Sulphide Body Intersected at EM1A, First EM Target Drilled – Upgrades All Other EM Targets For personal use only Thick body of sulphides (predominantly pyrite) intersected at EM1A ‐ at least 100m thick and 400m in strike length and remains open to the north, east, west and at depth; Sulphu
Slide 12: Next Steps
Next Steps For personal use only 1. Explore for mineralisation at EM1A with second round of exploration drilling (RC) – Further geochemical and mineralogical analysis of alteration to aid in vectoring in on mineralisation – ground geophysics to increase depth penetration of detecting conductive sulp
Slide 13: Why Invest in Redstone's West Musgrave Project
Why Invest in Redstone’s West Musgrave Project For personal use only Redstone in the West Musgrave The right rocks, the right structural setting Indisputable evidence of fertile hydrothermal fluid activity Numerous conductive bodies revealed by VTEMmax sitting up to 200m beneath the surface Exceptio
Slide 14: Appendix – Tollu Maiden JORC Resource
Appendix 1 – Tollu Maiden JORC Resource For personal use only Redstone has defined an JORC 2012 Resource Estimate Initial JORC 2012 resource of 3.8 million tonnes at 1% Cu, containing 38,000 tonnes of copper and 0.01% of cobalt, which equates to 535 tonnes of contained cobalt at the Tollu Projec
Slide 15: Appendix – Tollu Conceptual Exploration Target
Appendix 2 ‐ Tollu Conceptual Exploration Target For personal use only Redstone has estimated a Conceptual Exploration Target for the Tollu Project 31 to 47 million tonnes of mineralisation at a conceptual grade range of 0.8 to 1.3% Cu, containing 259,000 to 627,000 tonnes of copper Tonnes Tonne
Slide 16: Appendix 3: Key Geological Criteria for Priority Exploration Targets
Appendix 3: Key Geological Criteria for Priority Exploration Targets For personal use only 1. 2. Masses of mantle derived, multiple pulse, large Layers of felsic volcanics and associated intrusions and layered mafic‐ultramafic intrusions and massive sediments were piled at a similar time, associated
Slide 17: Important Information
Important Information For personal use only This presentation has been prepared by Redstone Resources Ltd COMPETENT PERSON’S STATEMENT (Redstone) for the sole purpose of providing financial, operational and The information in this presentation that relates to exploration results, other information t