Slide 1: Red Valley Lithium Brines Project: Drilling Commencing
For personal use only Red Valley Lithium Brines Project: Drilling Commencing Mukabe-Kasari Cobalt Project: Due Diligence Commencing March, 2017
Slide 2: Capital Structure
Capital Structure For personal use only As at 1st MARCH, 2017: • Shares on issue = 417,481,534 • Market capitalisation (at 3.0 cents) = $12.5 million • Cash = circa $3 million — includes recent injection of capital via oversubscribed placement to sophisticated and professional investors THE RED VALL
Slide 3: Board and Advisory Team
Board and Advisory Team For personal use only Board of Directors −Jeremy King −Robert Parton −Lincoln Ho Corporate Advisor −Xcel Capital THE RED VALLEY PROJECT – UTAH 3
Slide 4: Current Asset Portfolio
Current Asset Portfolio For personal use only Core focus on NEW ENERGY METALS & GOLD Red Valley Lithium Brines Project Mokabe-Kasiri Cobalt-Copper Project (Utah, USA) (Katanga Province, DRC) THE RED VALLEY PROJECT – UTAH 4
Slide 5: Upcoming Activity
Upcoming Activity . . . For personal use only • Red Valley Lithium Brines Project: − Drilling of 3 Red Valley wells (expected commencement within 7 days) − Drilling updates (April/May) − Drilling results of Red Valley (Q2 2017) • Mokabe-Kasiri Cobalt-Copper Project: − Initial high-level assessment b
Slide 6: Red Valley Project (Utah, USA)
Red Valley Project (Utah, USA) For personal use only THE RED VALLEY PROJECT – UTAH 6
Slide 7: The new Clayton Valley?
Red Valley the new Clayton Valley? For personal use only • Clayton Valley, Nevada holds the FAMOUS Silver Peak Mine • Owned by Albermarle Corporation (NYSE: ALB, MC = $11+ Billion) • North America’s ONLY Lithium brine producer • 50 years in production and COUNTING Lithium Brines operations are lower
Slide 8: Red Valley Project (Utah, USA)
Red Valley Project (Utah, USA) For personal use only • Red Mountain is chasing USA’s second CONVENTIONAL, ULTRA LONG-LIFE, LITHIUM BRINES PRODUCTION PROVINCE in a brand new territory • 6,000 acre Red Valley land package now fully secured in western UTAH • Drilling to commence, full brine analysis fo
Slide 9: Clayton Valley vs Red Valley
Clayton Valley vs Red Valley For personal use only A REMARKABLE Clayton Valley lookalike: THE RED VALLEY PROJECT – UTAH 9
Slide 10: Drilling Program
Red Valley Drilling Program For personal use only • Drilling a total of THREE 1,000 foot RC wells, located at strategic locations across 6,000 ACRE HOLDING • Estimated 25 day drilling programme • Eastern holes to be drilled first (Holes 1 & 2) • EXPERIENCED local drillers, Grimshaw Drilling, appoint
Slide 11: Drilling Program
Red Valley Drilling Program For personal use only Following in the footsteps of early stage lithium exploration at Clayton Valley OPEN HOLE ROTARY DRILLING • swift and economic • useful in determining: — upper & lower limits of aquifers — potential economic concentrations of lithium — sedimentary pa
Slide 12: Drilling Program
Red Valley Drilling Program For personal use only • Water and drill chip samples to be collected at every 10 feet • 1300+ bottles expected to be used for sampling • 15 - 20 business day turnaround expected for laboratory analysis Collecting brines samples -- Clayton Valley THE RED VALLEY PROJECT – U
Slide 13: Drilling Program
Red Valley Drilling Program For personal use only Red Valley project boundary markers THE RED VALLEY PROJECT – UTAH 13
Slide 14: Utah - A Mining Jurisdiction
UTAH - A Mining Jurisdiction For personal use only • Voted TOP 10 mining jurisdiction in the world, 2015 • BACKYARD OF TESLA, Faraday electric car plants in Nevada • Tesla seeking to source lithium EXCLUSIVELY from North America • Power, high-quality roads, workforce, rail, all on doorstep to projec
Slide 15: Funded to Test . . . and Buy
Funded to Test . . . and Buy For personal use only • Last year, RMX was FULLY FUNDED for ‘TRY BEFORE YOU BUY’ phase 1. DRILL 2. GET RESULTS 3. THEN, CHOICE TO ACQUIRE • Recent injection of capital provides RMX ability to acquire major interest in Red Valley project AND fund follow-up work: - 51% OF
Slide 16: JV Partner
Red Valley JV Partner For personal use only Bill Feyerabend (B.Sc Geology) • Arizona-based certified professional geologist for over 40 years • Vast experience within the global Lithium Sector • Author of expert reports for Clayton Valley players: – Lithium-X (mc: c$100m) On-site at the Red Valley P
Slide 17: Independent Technical Consultant
Red Valley Independent Technical Consultant For personal use only Brendan Borg (B.Sc Geology) • Masters in Hydrogeology (2006) • Director & Principal Consultant of Borg Geoscience • Technical Consultant for a number of ASX-listed lithium companies THE RED VALLEY PROJECT – UTAH 17
Slide 18: Project Milestones
Red Valley Project Milestones For personal use only Securing large land tenure footprint Performing required local archeological survey Lodge required drill permit applications Drill permit approval Commencement of drilling on Red Valley ground Submit assays to independent laboratories Purchase of 5
Slide 19: Mukabe-Kasari Cobalt Project (DRC)
Mukabe-Kasari Cobalt Project (DRC) For personal use only THE RED VALLEY PROJECT – UTAH
Slide 20: Mukabe-Kasari Project (DRC)
Mukabe-Kasari Project (DRC) For personal use only High Grade Cobalt Project • Total project area comprising 350km2 • ~50km north of world famous Tenke Fungurume Cu-Co Mine • ~110km north-west of Kolwezi Cu-Co Mine • Good infrastructure -- roads, power & water THE RED VALLEY PROJECT – UTAH
Slide 21: Mukabe-Kasari Project (DRC)
Mukabe-Kasari Project (DRC) For personal use only • Average grade of Co from analysis of unwashed grab samples between 3 - 7% Cobalt & 4 - 22% Copper • Initial exploration work mainly pitting & trenching of 40+ holes • Holes dug until ore body reached - vary between 10 to 23 metres from ground level
Slide 22: Why the DRC?
Why the DRC? For personal use only • The DRC holds the world’s largest supply source of cobalt • Roughly 63% of global cobalt supply originates in the DRC THE RED VALLEY PROJECT – UTAH
Slide 23: Mukabe-Kasari Project (DRC)
Mukabe-Kasari Project (DRC) For personal use only • Attractive terms negotiated • 6 week DD period, THEN option to earn-in • CSA Global engaged to perform due diligence – HIGHLY EXPERIENCED in the region • Staged deal terms provide OPTIONALITY for RMX THE RED VALLEY PROJECT – UTAH
Slide 24: Unlocking Potential . . .
Unlocking Potential . . . For personal use only RMX market capitalisation ~ $12 million Red Valley Lithium Brines Project Mukabe-Kasari Cobalt-Copper Project • Opportunity to CONTROL next • 350km2 in world class geo-metallic lithium brine province in USA domain • Large acreage position staked • ~50k