Redstone Resources Limited · ASX:RDS
Redstone Resources — Australian Nickel Conference, Perth 2011
17 slides from Redstone Resources's conference presentation, Sep 29, 2011
Slide 1: Tollu Copper Nickel Project
For personal use only Redstone Resources Limited Tollu Copper Nickel Project Massive Hydrothermal Copper Sulphide and potential Nickel-Copper Magmatic Sulphide Mineralisation Nickel Conference Perth September 2011 ASX: RDS
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Redstone Resources Ltd (Redstone) for the sole purpose of providing financial, operational and other information to enable recipients to review the business activities of Redstone. This presentation is not intended as an offer,
Slide 3: Company Overview
Company Overview For personal use only Capital Structure – (@ 27 Sept 2011) Issued shares (ASX:RDS) 129,969,390 Unlisted Options 19,216,668 Share Price (on 27 Sept 2011) $0.28 Market Capitalisation $36.4m Cash Position (@ 30 June 2011) Cash ($AUD) $3.8m 3
Slide 4: Board of Directors And Key Management
Board of Directors And Key Management Richard Homsany Dr. Orestes Santos For personal use only Chairman Exploration Manager Corporate and commercial lawyer with Geologist with extensive networks from 40 considerable experience with public listed years experience in South America. World resource comp
Slide 5: Agenda
Agenda For personal use only • Company overview. • West Musgrave geology. • Tollu Cu-Ni Project geology. • 2010 drilling results update. • Tollu – The nickel connection. • Current drilling update. 5
Slide 6: West Musgrave Region – Background
West Musgrave Region – Background For personal use only • Nine tenements covering 2,200 km2. • Geological setting to potentially host world-class Voisey‟s Bay Ni-Cu-(Co) style deposit. • Modern exploration techniques and modelling had never been applied prior to the commencement of Redstone‟s explor
Slide 7: Redstone's West Musgrave Tenements
Redstone’s West Musgrave Tenements For personal use only 7
Slide 8: West Musgrave Geological Setting
West Musgrave Geological Setting For personal use only • The West Musgrave region is geologically located on the Mesoproterozoic lithosphere. • The region has one of the highest concentrations of Mafic-Ultramafic intrusions (the Giles Complex aged 1070Ma). • The region also holds two of the largest
Slide 9: Tollu Project Geological Setting
Tollu Project Geological Setting • For personal use only Dilation system (blue) between two large shears (black) generated during the Petermann Orogen (~600 Ma). Dacite • The Dilation system and shears present extensive exposed Cu malachite, tenorite and azurite Giles mineralisation. Gabbro Pyro cla
Slide 10: 2010 Exploration – Phase 1 – Discovery
2010 Exploration – Phase 1 - Discovery For personal use only April – May 2010 • The first RC drill program resulted in the discovery of the Central Zone with three very significant copper-sulphide intersections: TLC-012. TLC-015. TLC-018. Phase 1 RC Drill Program - Discovery 14m @ 3.5% Cu from
Slide 11: 2010 Exploration – Phase 2 – Drill Program
2010 Exploration - Phase 2 - Drill Program November – December 2010 For personal use only • The drill program confirmed extensive Phase 2 RC Drill Program copper sulphide mineralisation in the Central Zone. The program focused on TLC-020 12m @ 2.7% Cu from 187m including 7m @ 3.8% from 191m increasi
Slide 12: 2010 Drilling Program Outcomes
2010 Drilling Program Outcomes For personal use only Central Zone • This program extended copper sulphide mineralisation at the Central Zone to over 200m strike length and to a depth of 253m. • The mineralisation remains open along strike to the Southeast and is open at depth highlighting the potent
Slide 13: Tollu: The Nickel Connection
Tollu: The Nickel Connection • The Tollu Cu sulphide (chalcopyrite) rich swarm For personal use only of hydrothermal veins is interpreted as being derived from a large magmatic, Cu-Ni, or Ni-Cu, ore body(ies) at depth. • The discovered sulphide mineralisation is almost entirely Cu. Further the only
Slide 14: Conceptual Model of Tollu Target Mineralisation
Conceptual Model of Tollu Target Mineralisation For personal use only Hydrothermal Copper sulphide is interpreted as having been remobilised from a primary magmatic copper-nickel-(cobalt) sulphide source. Magmatic Cu-Ni-(Co) sulphide is the main target style of mineralisation which is interpreted to
Slide 15: Current Drilling Program – Tollu 2011
Current Drilling Program – Tollu 2011 Redstone’s third drilling program at Tollu will comprise 5,000+ metres of RC drilling in the third quarter of 2011: For personal use only • To extend the depth and strike of hydrothermal mineralisation at the Central Zone. • To confirm the significance of the di
Slide 16: Conclusion
Conclusion Redstone’s Major Discovery at Tollu For personal use only • The Tollu Project is a large hydrothermal Cu-rich mineralised system which is interpreted as a distal part of a giant, Voisey‟s Bay style magmatic Cu-Ni-(Co) system. • Key indicators of a Voisey‟s Bay style, mafic primary source
Slide 17: Redstone Resources Contact Details
Redstone Resources Contact Details ASX: RDS For personal use only Website: www.redstone.com.au Email: contact@redstone.com.au Tel: +61 8 9328 2552 Fax: +61 8 9328 2660 Office: Suite 3, 110-116 East Parade, East Perth, WA 6004 17
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