Riedel Resources Limited · ASX:RIE
Riedel Resources — Investor Presentation (December 2023)
16 slides from Riedel Resources's investor presentation, Dec 11, 2023
Slide 1: Tintic Mineral Resource Estimate
Tintic Mineral Resource Estimate Kingman Project Arizona, USA December 2023 | ASX: RIE 1
Slide 2: Disclaimer
DISCLAIMER Cautionary Statements, Disclaimers & Forward Looking Statements This presentation (Presentation) has been prepared by Riedel Resources Limited (Riedel or the Company) based on information available to it from its own and third party sources and is not a disclosure document. By retaining t
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT Market Snapshot ASX:RIE Shares on issue 2,059m Share price 0.5c Unlisted Options1 404.3m Performance Rights 30m Market capitalization A$10.29m Cash balance (30 September 2023) ~A$1.3m Debt (31 December 2022) A$0.0m Enterprise value A$9.53m 1. 150m @ A$0.0125 expiry 14/12/23, 15m @
Slide 4: Kingman Gold Project: Location and Geological Setting
KINGMAN GOLD PROJECT L O C AT I O N A N D G E O L O G I C A L S E T T I N G • Project located in NW Arizona ~140 km from Las Vegas • Situated at the confluence of Nevada’s Walker Lane Gold Trend and the Southwest US copper porphyry trend. • Region is host to significant epithermal gold deposits incl
Slide 5: Kingman Gold Project: A Proven and Historic Mining Centre
KINGMAN GOLD PROJECT A PROVEN AND HISTORIC MINING CENTRE • Numerous historic mines and little c. 1937 modern exploration • Multiple operating mills within trucking distance • Mined from the 1870s to 1940s (coinciding with 2019 the onset of WW2) • Adjacent to the significant Mineral Park Porphyry Cu-
Slide 6: Strategic Land Holding
STRATEGIC LAND HOLDING NUMEROUS HISTORIC MINES • District is host to Tennessee Mine – 1,400ft ~135km of Historical Zn/Pb/Au/Ag mineralised strike • Largest mine is the Tennesse-Schuykill down to ~450m and ~1.5km strike Tintic • Kingman Project covers ~1200 hectares Interstate 93 Mineral Park Mine La
Slide 7: Geology and Exploration
GEOLOGY AND EXPLORATION E X P L O R AT I O N A C T I V I T I E S • Under explored Tennessee Mine – 1,400ft Historical Zn/Pb/Au/Ag • Diamond drilling by Riedel in 2019 intersected multiple, shallow, high- grade gold and silver intercepts at Tintic • 240 holes for ~18,000m Tintic drilled across the Ki
Slide 8: Exceptional Near Surface Drilling Results
EXCEPT I ON AL N EAR SUR FACE D R I L L I NG R ESULTS TINTIC • 3.8m @ 98.8 g/t Au, 151 g/t Ag, 2.6 % Pb, 0.8 % Zn from 20.6m (2021-CHL-004) • 1.5m @ 39.37 g/t Au, 322 g/t Ag, 3.3 % Pb, 3.2 % Zn from 37.3m (2021-CHL-011) • 4.6m @ 12.43 g/t Au, 52 g/t Ag, 2.4 % Pb, 0.9 % Zn from 45m (2021-CHL-075) • 3
Slide 9: Tintic – Schematic Cross Section
TINTIC – SCHEMATIC CROSS SECTION 9
Slide 10: Tintic MRE
TINTIC MRE H I G H - G R A D E , S H A L L O W, “ F R E E - D I G ” OPEN • 500kt @ 4 g/t Au, 43.4 g/t Ag • 64koz Au • 689koz Ag • Above fresh rock ~40m depth 900m • 0.8 g/t Au cut-off OPEN • 900m strike • 13° dip • Pb and Zn credits • Open along strike and at depth OPEN 1 0
Slide 11: Tintic MRE: Cut-off Grades
TINTIC MRE CUT-OFF GRADES • 500kt @ 4 g/t Au, 43.4 g/t Ag Cut-off Grade Tonnes Au Au Ag Ag Pb Pb Zn Zn (Au g/t) (t) (g/t) (oz) (g/t) (oz) (%) (t) (%) (t) 0.3 531,000 3.8 65,000 42.7 729,000 0.8 4,000 0.4 2,000 0.4 524,000 3.8 65,000 42.8 721,000 0.8 4,000 0.4 2,000 0.5 516,000 3.9 64,000 43.1 716,00
Slide 12: Tintic MRE: Block Model by Gold Grade
TINTIC MRE BLOCK MODEL BY GOLD GRADE 1 2
Slide 13: Exploration: Multiple Targets in Underexplored District
EXPLORATION M U LT I P L E TA R G E T S I N U N D E R E X P L O R E D D I S T R I C T • Large scale hydrothermal system • Multiple targets untested by modern exploration • Limited exploration outside of Tintic • Primary exploration focus on locating and expanding shallow high-grade gold-silver miner
Slide 14: Project Timeline
PROJECT TIMELINE • Metallurgical test work underway and due by the end of 2023 • Accelerate discussions with potential processing plants in the region in 2024 • Preliminary Economic Assessment to be initiated in Q1 2024 • Submission of permitting to mine at Tintic in Q2 2024 • Mining and gold produc
Slide 15: Regional Processing Opportunities
REGIONAL PROCESSING OPPORTUNITIES • Concept: High grade gold resource at surface to 40m depth Free dig in weathered oxide Open pit(s) mining methods Process via ‘toll treat’ arrangement with regional plant • Minimal capex required • First class location in historic mining district • Large co
Slide 16: Contact
Contact: David Groombridge dgroombridge@riedelresources.com.au Street - 4/6 Richardson Street West Perth Western Australia 6005 Australia Postal - PO Box 1559 West Perth WA 6872 Australia Phone: +61 403 734 138 admin@riedelresources.com.au www.riedelresources.com.au 16
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