Rimfire Pacific Mining Limited · ASX:RIM
Rimfire Pacific Mining — Mines & Money Asia 2016
40 slides from Rimfire Pacific Mining's conference presentation, Apr 6, 2016
Slide 1: The Sorpresa Gold & Silver Project District, Fifield NSW
rimfire pacific mining nl (ASX “RIM”) For personal use only The Sorpresa Gold & Silver Project District, Fifield NSW John Kaminsky CEO & Managing Director Mines & Money Asia 5~7th April 2016 Chalcopyrite Rimfire RC drilling Free Gold in silica 1
Slide 2: Disclaimer
Disclaimer Disclaimer: This presentation contains “forward looking statements” as defined or implied in common law and within the meaning of the Corporations Law. Such forward looking statements may include, without limitation, For personal use only (1) estimates of future capital expenditure; (2)
Slide 3: Presentation Outline
Presentation Outline For personal use only 3
Slide 4: Project Focus – Fifield NSW
Project Focus – Fifield NSW For personal use only Cobar Nyngan Sorpresa (gold and silver discovery) Narromine Focused Exploration Strategy Emerging Polymetallic mineral district Gold, Silver, Platinum, Copper Multiple Deposit styles Fifield Trundle 6 Exploration Licenses, 566 km2 Alluvia
Slide 5: Project Focus – Fifield NSW - LTZ
Project Focus – Fifield NSW - LTZ LTZ Corridor of Faults For personal use only Gold with Copper emerging on East margin Eclipse and Yoes areas Expanded Tenement position (280km2) Deposit size selected NSW deposits (combined production and remaining resource) Deposit Current Ownership Au Moz
Slide 6: Project Focus – East Lachlan Fold Belt
Project Focus – East Lachlan Fold Belt Operating Mines For personal use only Major Cross structures at Fifield Tritton (Cu) Straits Resources Mt Boppy (Au) Southern Cross Goldfields Ltd COBAR – 2.2Mt Cu, >7.0Moz Au, >4.7Mt Zn, >2.8Mt Pb and 145Moz Ag (pre-mining) Hera / Nymagee (Au, Cu, Pb, Zn, Ag)
Slide 7: Company Snapshot – March 2016
Company Snapshot – 23 March 2016 For personal use only Shares on Issue 799M Ordinary FP; 52M options (3.5 cents, expire May 2017) Market Cap. Approx. $12M @1.5cents Share Price Movement • 2013 High 7.5 cent (Jan), Low 2.8 cent (Dec); 2014 High 3.6 cent (Jan ), Low 1.5 cents (May) • 2015 High 3.6 cen
Slide 8: Share Price Performance to March 2016
ASX:RIM Share Price Performance to 23 March 2016 02-Nov-2010 - 24-Mar-2016 Discovery Trench 31 Risk capital has been on the sidelines 14m @ 24.4g/t Au & 9m @ 4.9g/t Au Price and volume For personal use only 26m @ 155g/t Ag 14m @ 21.9g/t Au Exploration Sector – severe downturn, shoots… 35.0 Regio
Slide 9: Summary History and Context
Summary History and Context Rimfire has its Focus exclusively at Fifield NSW – in the LTZ Corridor For personal use only LTZ Corridor - one of most important Copper/Gold corridors in the world (e.g. Newcrest-Cadia) Asian investment includes China Molybdenum and Sumitomo, 80km East at North Par
Slide 10: Company Vision and Strategy
Company Vision and Strategy Demonstrate Multimillion Ounce gold equivalent potential Regional Discoveries within 6km radius of Sorpresa For personal use only Focus on Gold, Silver, Copper & Platinum – Good suite of metals Build the district branding Attract potential partners – We are noti
Slide 11: Discovery costs are rising
Discovery costs are rising Unit cost per for a moderate-sized Gold or Base Metal discovery in the World For personal use only Average Cost per discovery (2013 US$m) Unit discovery costs have doubled in the GOLD Weighted Average for last decade ~$150m 2000-2009 = $77m Weighted Average for Between 199
Slide 12: Average depth of cover for discoveries - GOLD
Average depth of cover for discoveries - GOLD World: 2004-2013 Sorpresa was For personal use only FSU + at surface World Rest Pacific EE + Western Latin Average of World SE Asia China Europe Am Africa Aust USA Canada 0 0 3 19 40 29 5 56 53 50 If you exclude South 71 Africa, the average 100 depth of
Slide 13: For personal use only
For personal use only MinEx Consulting Strategic advice on mineral economics & exploration 13
Slide 14: Cash Reserves and Expenditures
Cash Reserves and Expenditures Rimfire Pacific Mining: December 1998-Dec 2015 RIM’s expenditures Most of the spend is RIM’s cash raisings For personal use only have doubled in “into the ground” are episodic recent years rather than Admin Cash Reserves A$1.7m as at 31 Dec 2015 Exploration & Developme
Slide 15: Regional Exploration – within 6km radius
Regional Exploration – within 6km radius Sorpresa Deposit 7.9Moz Ag and 125kOz Au For personal use only (0.5g/t Au @ 25g/t Ag cutoff) 6km 15
Slide 16: Prospect Pipeline – March 2016 - Ranking
Prospect Pipeline – March 2016 - Ranking For personal use only 16
Slide 17: Advanced Regional prospects compared
Advanced Regional prospects compared For personal use only Table of Comparison of more Advanced Prospects within 6km Radius of Sorpresa Projects Rock Chip Typical Typical Auger Anomaly Historic Location RC Drill Open Other g/t Au Soil ppb Au ppb Au Length Workings Sorpresa 14 @ 24.4 g/t Au 8.8 10~50
Slide 18: Discovery Growth – Current Work
Discovery Growth – Current Work Sorpresa Deposit 7.9Moz Ag and 125kOz Au Newly identified For personal use only New Area Mapping & Sampling Rift Basin (0.5g/t Au @ 25g/t Ag cutoff) geology and includes “Northern Gold Prospect” mineralisation with Au potential RC Drilling at Roadside New results Feb
Slide 19: Current work programs
Current work programs RC drilling continues within Roadside area at Sorpresa For personal use only o 4 new traverses started, shallow oxide focus o Interim results are due for reporting shortly Interpretation & modelling of higher grade Au/Ag zones at Sorpresa o To build pitshell models and asse
Slide 20: Recent Outcomes – New emerging Gold Areas
Recent Outcomes – New emerging Gold Areas For personal use only Sorpresa style geology footprint now expanded from 11km2 to 18km2 o New mineralisation observations north of the Sorpresa resource area o Less than 10% of the known Sorpresa geology currently RC drill tested, there is potential upside
Slide 21: Regional Exploration – Auger & Soils
Regional Exploration – Auger & Soils Sorpresa Resource 7.9Moz Jacks Lookout Ag and 125kOz Au For personal use only (0.5g/t Au @ 25g/t Ag cutoff) Glen Iris Golden Green Platina Golden Gillenbine Eclipse Green South Group Twin Shafts Platina Lead Au (ppb) in Auger Yarrabandi Road Carlisle 1km Gold geo
Slide 22: Regional Gold Footprint – Rock Chips Shown
Regional Gold Footprint – Rock Chips Shown Jacks Lookout Up to 5.7g/t Au For personal use only Glen Iris Up to 8.21g/t Au Up to 1.63g/t Au Up to 8.84g/t Au Golden Up to 6.19g/t Au Green Platina Golden Gillenbine Eclipse Twilight Dam Green South Up to Twin Shafts Group 3.4g/t Au Up to 1.27g/t Au Up t
Slide 23: Regional Exploration – Copper Rockchips on Gold
Regional Exploration – Copper Rockchips on Gold Sorpresa Resource 7.9Moz Ag and 125kOz Au Up to Jacks Lookout For personal use only (0.5g/t Au @ 25g/t Ag cutoff) 0.35% Cu & 1.1% Cobalt Up to 0.1% Cu Up to 0.04% Cu Glen Iris Up to 0.13% Cu Golden Up to Green 0.62% Cu Up to 0.29% Cu Platina Golden Gil
Slide 24: Regional Magnetics – Auger & Soils, Gold
Regional Magnetics – Auger & Soils, Gold Jacks Lookout For personal use only Glen Iris Golden Green Platina Gillenbine Golden Eclipse Green South Group Twin Shafts Platina Lead Au (ppb) in Auger Yarrabandi Road Carlisle 1km Sorpresa is the first discovery but likely not the last 24
Slide 25: Carlisle–Watts Lane Trend – 2016 Update
Carlisle–Watts Lane Trend – 2016 Update Carlisle Gold Prospect RTP 1VD • 23.0g/t Au, 13.75g/t Au, Roseneath Gold Prospect • 3.7g/t Au & 1.7g/t rock chips Goldenchrome Gold Prospect New gold prospect For personal use only Aeromagnetic 13.7g/t Au, 12.55g/t Au, Image 9.06g/t Au, 7.55g/t Au, • Cu up to
Slide 26: Sorpresa – Gold and Silver High Grade Lenses
Sorpresa – Gold and Silver High Grade Lenses RC Drilling High Grade Review and Roadside Ag / Au Excellent correlation of Mineralisation to Gravity For personal use only discovery planning 2015~16 Original Sorpresa Less than 10% of available Join Up geology tested (>18km2) Potential extensions
Slide 27: Sorpresa – Trench High Grade Work
Sorpresa – Trench 31 High Grade Work For personal use only Great frequency of High Au grades emerging Shallow (0~40m mainly) Look to grow ounces and grade Seek vectors into new adjacent areas to grow tonnes Metallurgy 95% Au recovery CIL Internal scoping underway, plant, process and scal
Slide 28: Sorpresa – Roadside High Grade Work 2016
Sorpresa – Roadside High Grade Work 2016 For personal use only 20 gram.metres AuEq Roadside contour 50 gram.metres AuEq contour 250m RC Drilling Lines Roadside Area for Au and Ag structure and orientation ongoing RC drilling within Sorpresa New Results Reported Feb & March 2016 28
Slide 29: Sorpresa – Regional Extensions Gravity
Sorpresa – Regional Extensions Gravity Excellent correlation of For personal use only Mineralisation to Gravity Roadside Increased gravity relates to silicification. Boundary Gate Trench 31 Boundary Gate East 1st Vertical Derivative Gravity Image 29 Implicit Model is an interpretive exploration
Slide 30: Sorpresa – Gravity Survey Extension & Infill
Sorpresa – Gravity Survey Extension & Infill Excellent correlation of For personal use only Sorpresa Deposit 7.9Moz Ag and Mineralisation to Gravity 125kOz Au (0.5g/t Au @ 25g/t Ag cutoff) Increased gravity relates to silicification Major 2km long, Subparallel target on a magnetic contact posi
Slide 31: Priorities emerging for 2016
Priorities emerging for 2016 (shown on gold geochem) Target Rank # 1 Target Rank #1 Sorpresa Au/Ag Resource Estimate Eclipse Trend :Transit-GlenIris For personal use only Sorpresa Resource Au/Ag 6.4 Mt for 7.9M oz of Ag and 125K oz of Au Soil Geochem Au/As/Pb/Cu Roadside / Trench31 (at 0.5g/t Au & 2
Slide 32: New Regional Targets on Magnetics
New Regional Targets on Magnetics Sorpresa For personal use only Au/Ag Resource Isolated high New EL doubles LTZ magnetic Exposure skarn targets Strategic Holding Yoe’s Trend Cu/Au/PGE Potential Hidden Major Ore Body Potential Potential (under cover) skarns Area of Interest Diverse Style E
Slide 33: Components of the Plans for 2016
Components of the Plans for 2016 Regional Discovery programs For personal use only Complete Geology mapping and Interpretation District surface sampling (creeks, soil; auger) to detect further anomalies Complete design and look to deploy Geophysics, EM/IP Define Anomalies and prioritise for
Slide 34: Rimfire…Value Drivers for Investors
Rimfire…Value Drivers for Investors Fifield NSW District within LTZ – The Right Address for Discoveries For personal use only LTZ is already host to many existing Copper-Gold mines Good infrastructure, road, power, skilled labour Fifield Under Explored - High Grades near surface - Greenfield
Slide 35: Rimfire…Value Drivers for Investors
Rimfire…Value Drivers for Investors 4km2 area covering Eclipse-CO2-Yoes has upside, with limited drilling For personal use only Proven Technology High Grade intersections, keep us on the radar “Discoveries are Countercyclical Strategy – Do more work in tough times best made in the Stand out
Slide 36: Thankyou…please stay in touch with the story
Thankyou…please stay in touch with the story ROADSIDE For personal use only Mines & Money Mining Hub Area – Pod M1 for more discussion ASX Code “RIM” www.rimfire.com.au rimfire@rimfire.com.au Ph+613 9620 5866 36
Slide 37: Appendix – Additional Information
Appendix – Additional Information ROADSIDE Independent Industry Benchmark studies on Junior Resource Sector available at Rimfire website For personal use only 14th Nov 2014 – Exploration Industry Presentation AGM Nov 2014 Mr Richard Schodde 27th Nov 2015 - Presentation Exploration Trends Richard
Slide 38: Appendix-Sorpresa Maiden Resource
Appendix-Sorpresa Maiden Resource Maiden Inferred and Indicated Mineral Resource for the Sorpresa Deposit comprises; For personal use only 6.4Mt for 125kOz of gold and 7.9Moz of silver (at 0.5g/t Au & 25g/t Ag cutoff) The Gold dominant portion of the Sorpresa system represents; 3.0Mt @ 1.06g
Slide 39: Appendix Sorpresa –Oxide Metallurgy - 2013
Appendix Sorpresa –Oxide Metallurgy - 2013 3 composite Oxide Zone Samples across Sorpresa For personal use only Trench 31 at 2m - Au in Silica 3 locations, 130m of mineralization, 30 drill holes Standard 24 hr CIL test at 75 micron Additional Test on Met1 - Silver Roadside* 1 mm 48 hour CI
Slide 40: Appendix – Project Summaries
Appendix – Project Summaries ROADSIDE For personal use only Project Name or Type Metals Current or target Comments Sorpresa Au, Ag 250,000 oz Au eq Resource & can grow Platina-Gillenbine 1 Pt 0.8 ~ 1.0M oz target Bulk sampling proof of concept Regional Portfolio 2 > 30 Au, Cu Multi Million Ounce Tar