Slide 1: Corporate Presentation
Gold Explorer and Mine Developer in the Lachlan Fold Belt CORPORATE PRESENTATION August 2020
Slide 2: Disclaimer and Competent Person Statements
Disclaimer and Competent Person Statements Competent Persons Declaration The information in the report to which this statement is attached that relates to Exploration and Resource Results is based on information reviewed and/or compiled by Craig Riley who is deemed to be a Competent Person and is a
Slide 3: Company Overview
Company Overview Value Proposition 1. Sorpresa Gold Mine Development 2. Exciting additional Gold / Copper Prospects for evaluation in highly prospective Lachlan Transfer Zone (fault) of the Lachlan Fold Belt with significant current and historical gold and copper production Multiple projects 1 hou
Slide 4: Lachlan Fold Belt (LFB) – Gold Exploration Hot Spot
Lachlan Fold Belt (LFB) – Gold Exploration Hot Spot “If the Paterson Province was the hottest exploration destination in 2018, New South Wales Lachlan Fold Belt is the hot spot of this year” Mining Journal, December 2019 Region is host to Cu/Au mines including; Cowal Au (Evolution Mining ~$10b M
Slide 5: Rimfire Executing Strategy
Rimfire Executing Strategy Strategy 1: Sorpresa Asset Monetisation Executed Earn-in Pathway for Mine Development Approval Au Exploration for further discoveries Strategy 2: Ongoing Discovery “The Valley” – Cu / Au Targets ready for Drilling Greater Cowal Area – Cu / Au Located in NSW M
Slide 6: Strategy – Sorpresa Monetisation – Commercial Terms
Strategy 1 – Sorpresa Monetisation – Commercial Terms Rimfire retain 100% project management, technical and budget control during Earn-in Period 3 Golden Plains Resources (GPR) obtain 50.1% interest in a JVA if deliver; $4.5m over 3 years, and funding for Rimfire’s share of approved mine dev
Slide 7: Strategy 1 – Sorpresa Monetisation - Technical Program
Strategy 1 – Sorpresa Monetisation - Technical Program Mine Development Approval Sorpresa • Environmental Impact Assessment • Geotechnical, Hydrological, Metallurgical and Sterilisation Drilling • Mine Development Plans and Process Plant Design • Timeline to obtain Mining Development Approval circ
Slide 8: Strategy – Discovery Targets outside Earn-in Area
Strategy 2 – Discovery Targets outside Earn-in Area Primary Target: The Valley Porphyry Cu / Au and / or Skarn Mineralisation Targets ready for drilling Contiguous EL boundary with Kinkora Copper / Rare X Anomalous Geochem west of Mordialloc Prospect Targets ready for drilling Additional
Slide 9: Primary Target - The Valley
Primary Target - The Valley Location: South east of Sorpresa Recent drilling supports Situated ~5kms west of Kincora / RareX Porphyry system at depth Mordialloc Prospect (share EL boundary). Work to date: IP Survey Anomalous results include Rock chips (> 1% Cu and up to 5% Cu), Elevated Au
Slide 10: The Valley – Shallow IP Targets Ready for Drilling
The Valley – Shallow IP* Targets Ready for Drilling 3 5 4 Key Details: PFE Proposed Drilling, 5x150m= 750m Anomalous Surface Geochemistry Resistivity Unexplained IP* signatures Program Objectives: 1 2 PFE Drill holes to test for Primary mineralisation Alteration assemblages Resistivity
Slide 11: Primary Target - The Valley
Primary Target - The Valley Proposed Work Program Desktop Study (complete) Reconnaissance Mapping (ongoing) Reprocess magnetic data and produce a +3D model to ascertain depth of magnetic features 100 hole Auger program (bedrock samples) 5 x 150m RC / Diamond tail holes to test existing IP
Slide 12: Additional Targets - Greater Cowal and IRGS
Additional Targets - Greater Cowal and IRGS Proposed Work Program – Greater Cowal Reconnaissance Mapping 2,000m Aircore Program 600m RC Program (3 x 200m holes) Proposed Work Program – IRGS 6 Re-assaying of pulps for lower detection limits to identify and better vector geochemical anomalism
Slide 13: Rimfire Work Programs - Timeline
Rimfire Work Programs - Timeline Mine Development Strategy 1 Environmental Impact Assessment (EIA) Geotechnical, Hydrological, Metallurgical and Mine and Process Plant Design Sorpresa Sterilisation Drilling and IRGS Exploration IRGS Vectoring Study Aircore Drilling – Vector Study Targets Earn-in 114
Slide 14: Rimfire Executing Strategy
Rimfire Executing Strategy Location Generating New Discoveries Isometric: 0.5g/t Au Sorpresa geological resource model (looking northeast) Over 900 sq. km in the Lachlan Fold Belt (LFB) 200m LFB “the hot spot” for Gold and Copper Exploration Management Team Experienced Gold Discoverers wit
Slide 15: Thank you
ASX Code “RIM” www.rimfire.com.au Stay tuned for updates on future work programs rimfire@rimfire.com.au Ph: +613 9620 5866 ROADSIDE Thank you Please contact us for more information Sign up to the Rimfire Website for news alerts 15