Rockfire Resources Plc · LSE:ROCK
Rockfire Resources — Investor Presentation (October 2017)
33 slides from Rockfire Resources's investor presentation, Oct 16, 2017
Slide 1: Papua Mining plc
Papua Mining plc Gold, copper, silver and zinc in Australia and Papua New Guinea
Slide 2: Disclaimer
Disclaimer Important Information This presentation has been prepared by Papua Mining plc (“PML” or the “Company”). It should not be considered as an offer or invitation to subscribe for, or purchase any, securities in the Company or as an inducement to make an offer or invitation with respect to tho
Slide 3: Papua Mining plc (LON: PML) – new projects, new future
Papua Mining plc (LON: PML) – new projects, new future • Pursuing high-grade gold and large-scale copper deposits • Motivated towards high investment returns with exploration in Australia and Papua New Guinea - two world-class mining destinations • Acquisition of BGM Investments Pty Ltd with Lightho
Slide 4: Papua Mining plc – Board of Directors
Papua Mining plc – Board of Directors AIM Code: PML Ordinary Shares (million) 343.34 Market Cap (£0.0125) £4.29M Cash at 30 June 2017 £0.35M Debt at 30 June 2017 £0 Shareholder Shares (M) % Directors & Management Michael Somerset-Leeke 50.99 14.85 Michael Somerset-Leeke Non Executive Chairman Salida
Slide 5: Papua Mining plc – Board of Directors
Papua Mining plc – Board of Directors • Michael Somerset-Leeke • Hugh Martin McCullough (Non-Executive Chairman) Non-Executive Director (P.Geo) Mining Executive and Investor Geologist, (+40 years’ experience) Winchmore plc, Coni & Covington Ireland, Ghana, Mali, PNG Stockbrokers. Glencar Mining plc
Slide 6: Australian Projects
Australian Projects • ‘Lighthouse’ EPM 25617 gold/silver/base metal project Lighthouse sits amongst giants - Charters Towers, Pajingo, Mt Leyshon, Ravenswood, Mt Wright. The target is a large-scale mineralised system located in a region which has produced +20 million ounces of gold. • ‘Marengo’ EPM
Slide 7: Papua New Guinea Projects
Papua New Guinea Projects • ‘Tripela’ EL 1462 copper project Numerous rock samples of +0.1% Cu at surface and a broad +100ppm copper-in-soil anomaly. Tripela provides PML with a coherent, strong target for a large, mineralised copper/gold system. • ‘Mount Visi’ EL’s 2051 and 2322 copper project Virg
Slide 8: Australia & Papua New Guinea
Australia & Papua New Guinea AUSTRALIA PAPUA NEW GUINEA • World-class gold and copper deposits • World-class gold & copper deposits • Strong history of mining • “Giant deposit” exploration potential • Modern and proven Mining Act • Modern and proven Mining Act • Realistic environmental regulation •
Slide 9: Papua Mining plc – mineralisation setting
Papua Mining plc – mineralisation setting Marengo Lighthouse Mount Visi Tripela Junction Plesyumi South Copperhead Source: Gregg Morrison1, Vladimir Lisitsin2 & Courteney Dhnaram2 1. Klondike Exploration Services, Townsville 2. Geological Survey of Queensland, Brisbane Digging Deeper, December 03, 2
Slide 10: Lighthouse
Lighthouse Queensland, Australia EPM 25617 Breccia, epithermal and vein-hosted mineralised system
Slide 11: Lighthouse sits amongst giants
• Lighthouse sits amongst giants • The region has produced +20m ounces of gold • Previous work by Pennaroya, ESSO, City Resources, CRA , Aberfoyle, Newcrest, Ramelius, Liontown. • The southern part of the tenement is located approximately 20km from Pajingo Gold Mine (operating) • The northern part o
Slide 12: Papua Mining plc – Lighthouse Tenement Prospects
Pa ua Minin x 435000 mE} ea LOWER LIGHTHOUSE - Au @BLUFF CREEK - Au |-7755000 mN 1-7745000 mN | N Map projection: MGA 94 (255) Papua Mining plc Lighthouse Tenement Prospects Charters Towers, Nth QLD e LIGHTHOUSE-DOUBLE EVENT - Au e@ Gold prospect e Base metal prospect WARRAWEE WEST Zn (Au, Ag, Cu, P
Slide 13: Lighthouse – Plateau prospect
Lighthouse – Plateau prospect • Lighthouse has straightforward access on well-maintained roads suitable for drilling rigs and support vehicles Historical drilling results include: • High-grade gold and silver targets Visible copper mineralisation • 44m @ 2.4 g/t Au High-background zinc anomalies • 1
Slide 14: Lighthouse – Plateau prospect
Lighthouse – Plateau prospect Plan view of Plateau showing the rhyolite dome (in grey/brown) and mineralised lodes at the margins of the dome.
Slide 15: Lighthouse – Double Event prospect
Lighthouse – Double Event prospect In 1990, WMC Limited collected 179 rock samples at Double Event. Rock samples returned high-grade gold, including: 87.00 g/t, 65.00 g/t, 61.00 g/t, 60.00 g/t, 58.50 g/t, and 58.00 g/t Au Battle Mountain drilling in 1987 • 2m @ 13.2 g/t Au • 4m @ 4.65 g/t Au • 1m @
Slide 16: Lighthouse – Lower Lighthouse prospect
Lighthouse – Lower Lighthouse prospect Historical rock sampling at Lower Lighthouse encountered significant silver results including 18.0 g/t; 15.0 g/t and 12.0 g/t Ag. Mt Leyshon drilling (1992) • 2m @ 7.3 g/t Au • 2m @ 6.8 g/t Au • 1m @ 2.28 g/t Au Parallel quartz-sulphide lodes and old workings e
Slide 17: Lighthouse – Bluff Creek prospect
Lighthouse – Bluff Creek prospect Ten historic RC drill holes were drilled by Mt Leyshon Gold in 1992 at Bluff Creek. The best results were 2m @ 7.3 g/t Au and 2m @ 6.8 g/t Au. Additional drilling is strongly recommended. Mt Leyshon drilling (1992) • 2m @ 7.3g/t Au • 2m @ 6.8g/t Au Historical gold p
Slide 18: Lighthouse – Regional targets
Lighthouse – Regional targets Geochemical zoning of copper and zinc is evident on a regional scale Warrawee ZINC suggesting a large, buried system. Rollston River Warrawee Otway Split Rock COPPER Scrubby Dam Rollston River Plateau Bullseye Otway Split Rock Cardigan Scrubby Dam Bell Rock Plateau Bull
Slide 19: Marengo
Marengo Queensland, Australia EPM 25715 Intrusion-related gold system (IRGS)
Slide 20: Marengo – A large, under-explored goldfield
Marengo – A large, under-explored goldfield • Incorporates the historical Marengo Goldfield • Includes 37 gold workings • 55km from Mt Carlton Gold Mine • Multiple intrusions and structural events - critical for mineralised systems • Low-level gold intersected in most drill holes at shallow depths
Slide 21: Marengo – Multiple intrusions
Marengo – Multiple intrusions • Marengo discovered in 1871 • Very high-grade rock samples • Gold, copper, silver potential • Large NW faults considered important for mineralisation • 38 shallow holes drilled at 4 sites • Costean at Flat Reef 12m @ 6.1 g/t Au • One Mile Mountain hydrothermal breccia
Slide 22: Marengo – High potential
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Slide 23: Copperhead
Copperhead Queensland, Australia EPM 25531 Porphyry Copper
Slide 24: Copperhead – Large porphyry system
Copperhead – Large porphyry system • Copperhead is listed in the ‘Global Mineral Resource Assessment’ published by the USGS • Stockwork of copper-bearing veinlets was discovered at the Julivon Prospect in 1970 • Five reconnaissance drill holes at Julivon have visible chalcopyrite recorded throughout
Slide 25: Copperhead – Remaining open in all directions
Copperhead – Remaining open in all directions • Drilled by Carpentaria Julivon Prospect Exploration in 1972 • Individual sample collected every 30m downhole • Weighted average for all drilling assays is 0.25% Cu and 2.1g/t Ag +450ppm Cu • Drilling results including 2.81% Cu, 12g/t Ag demonstrate the
Slide 26: Papua New Guinea
Papua New Guinea New Britain Porphyry Copper
Slide 27: Tripela – Large mineralised system
Tripela – Large mineralised system • Almost 7,000m drilling completed at Tripela since January 2014 • The last five drill holes have intersected diorite porphyry which is the host to most porphyry copper deposits in the region • Grades up to 29% Cu returned from outcrop assays • Varying intensity of
Slide 28: Tripela – Large mineralised system
Tripela – Large mineralised system Epidote/sulphide Massive sulphide Clay alteration
Slide 29: Mount Visi – Exciting near surface gold and copper target
Mount Visi – Exciting near surface gold and copper target • Discovery of a mineralized copper porphyry system • Gold grades up to 35.5 g/t Au in outcrop. • Copper grades up to 9% Cu in float and 4% Cu in outcrop. • 776m of diamond drilling in 5 holes
Slide 30: Junction – Intense alteration
Junction – Intense alteration • 2 diamond holes (841m + 736m deep) • Targeting strong, shallow chargeable responses and deeper conductive anomalism • Intense alteration with low- grade copper mineralisation BARRICK in both holes JUNCTION TRIPELA • Proximal to potential porphyry discovery
Slide 31: Plesyumi – Excellent early-stage sampling results
Plesyumi – Excellent early-stage sampling results • Located south of the Plesyumi Porphyry Copper Deposit 44m @ 0.85% Cu 110m @ 0.31% Cu 101m @ 0.2% Cu • Early reconnaissance sampling has returned encouraging results Sample No Au-ppm Ag-ppm As Cu-% Mo Ni Pb Zn P62RX10027 0.11 52.3 74 11.95 91 155 23
Slide 32: Papua Mining plc (LON: PML) – what to expect
Papua Mining plc (LON: PML) – what to expect • RC drilling at Plateau Prospect, Lighthouse • RC drilling at Double Event Prospect, Lighthouse • RC drilling at Lower Lighthouse Prospect, Lighthouse • Induced Polarisation survey at One Mile Mountain Prospect, Marengo • X-Ray Flouresence (XRF) survey a
Slide 33: Papua Mining plc
Papua Mining plc Website: www.papuamining.com E-mail: info@papuamining.com
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