Red Metal Limited · ASX:RDM
Red Metal — Shareholder Meeting (November 2019)
39 slides from Red Metal's shareholder meeting presentation, Nov 27, 2019
Slide 1: AGM Presentation: Red Metal and the OZ Minerals Alliance 2020
ASX:RDM SYDNEY AGM PRESENTATION 27 NOVEMBER 2019 RED METAL AND THE OZ MINERALS ALLIANCE 2020
Slide 2: Caution Regarding Forward-Looking Statements; Competent Persons Statement
• Caution Regarding Forward-Looking Statements • Statements regarding the Company’s plans with respect to exploring its projects are forward-looking. There can be no assurance that any mineralisation identified will be proven to be economic, that future evaluation work will confirm the viability of
Slide 3: Corporate
Corporate • 212M Shares (after 16 years on ASX) • 7M Employee Options • $20-25M Market Cap. • Targeting large base metal discoveries in Australia • Maronan Lead-Silver Copper-Gold (JORC 2012 Inferred) • 30Mt @ 6.5% Lead and 106g/t Silver (3% Pb cut off grade) • 11Mt @ 1.5% Copper and 0.8g/t Gold (1%
Slide 4: OZ Minerals Greenfield Discovery Alliance Projects
OZ Minerals Greenfield Discovery Alliance Projects • Nullarbor – Frontier Cu province Cu-Au WA • Proof of concept drill tests in progress • Three Ways – New Mount Isa shale basin for giant Zn & Cu QLD • Innovative magneto-telluric survey completed, highly conductive zinc and copper prospective strat
Slide 5: Nullarbor: Emerging New Cu-Au, Ni-Cu Provinces?
Nullarbor Emerging New Cu-Au, Ni-Cu Provinces? • Coompana / Madura Provinces • High quality GSWA and GA gravity and magnetic data • Stratigraphic GSWA drill holes point to copper fertility • Only 300-600m of younger cover but difficult drilling conditions have deterred past explorers (particularly g
Slide 6: Nullarbor: Proof of Concept Drill Tests in Progress
Nullarbor Proof of Concept Drill Tests in Progress Target T8 - Gabbro with very high magnetite content T13 Standout Gravity Target Next Drill Test Vector Magnetic Gradient Imagery with Residual Gravity Contours
Slide 7: Nullarbor: Proof of Concept Drill Tests in Progress
Nullarbor Proof of Concept Drill Tests in Progress T13 Standout Gravity Target Next Drill Test Target T8 - Gabbro with very high magnetite content Oblique 3D View Facing West - Greyscale Total Magnetic Image Overlain by Gravity Relief Image
Slide 8: Nullarbor: Proof of Concept T13
Nullarbor Proof of Concept T13 BHP’s Oak Dam Discovery in the Gawler Craton, South Australia 438m @ 3% copper and 0.6g/t gold T13N 4 mgal Oak Dam 4 mgal T13S 8 mgal Nullarbor Target T13 BHP’s Oak Dam Gravity Imagery
Slide 9: Three Ways: Zinc-Lead-Silver & Copper-Cobalt
Three Ways Zinc-Lead-Silver & Copper-Cobalt • Where are the next giant Mount Isa style zinc and copper-cobalt deposits?
Slide 10: Three Ways: Zinc-Lead-Silver & Copper-Cobalt
Three Ways Zinc-Lead-Silver & Copper-Cobalt • Where are the next giant Mount Isa style zinc and copper-cobalt deposits? • Urquhart Shale: Thick package of highly conductive, heavily pyritic dolomitic and carbonaceous siltstone. Preferred host rocks to the giant Mount Isa stratiform zinc and copper o
Slide 11: Three Ways: Zinc-Lead-Silver & Copper-Cobalt
Three Ways Zinc-Lead-Silver & Copper-Cobalt • Three Ways Zinc Project • Northern extension of Dugald River terrain under 400- 500metres of cover • Targeted for Mount Isa style stratiform zinc-lead-silver Three Ways and structure controlled copper-cobalt • Innovative Magneto-telluric Survey Recently
Slide 12: Three Ways: Zinc-Lead-Silver & Copper-Cobalt
Three Ways Zinc-Lead-Silver & Copper-Cobalt • Three Ways Zinc Project • Northern extension of Dugald River terrain under 400- 500metres of cover • Targeted for Mount Isa style stratiform zinc-lead-silver Three Ways and structure controlled copper-cobalt • Innovative Magneto-telluric Survey Recently
Slide 13: Three Ways: Mount Isa Shale Basin Comparison
Three Ways Zinc-Lead-Silver & Copper-Cobalt Mount Isa Shale Basin Three Ways Project Hilton/George Fisher Zn-Pb-Ag Low Magnetic/Conductive Low Magnetic/ Conductive Zinc Prospective Stratigraphy Pyritic/Carbonaceous Zinc Stratigraphy Mount Isa Zn-Pb-Ag and Cu Total Magnetic Intensity on Vertical Grey
Slide 14: Three Ways: New MT Data Imaging Below 400m of Cover
Three Ways New MT Data Imaging Below 400m of Conductive Cover Conductive trends correlating with weak magnetic and low magnetic trends in the basement rocks Linear trends in the phase values indicative of highly conductive stratigraphy in the deeper basement rocks
Slide 15: Three Ways: New MT Data Imaging Below 400m of Cover
Three Ways New MT Data Imaging Below 400m of Conductive Cover Significant Untested Stratigraphic Conductors Prospective for Giant Mount Isa Style Zinc and Copper Deposits 10 km Magneto-telluric 2D conductance models presented as stacked, 3D oblique view facing north west.
Slide 16: Three Ways: New MT Data Imaging Below 400m of Cover
Three Ways New MT Data Imaging Below 400m of Conductive Cover Significant Untested Stratigraphic Conductors Conductive trends Prospective for Giant Mount Isa correlating with weak Style Zinc and Copper Deposits magnetic and low magnetic trends in the basement rocks 10 km Magneto-telluric 2D conducta
Slide 17: Three Ways: New MT Data Imaging Below 400m of Cover
Three Ways New MT Data Imaging Below 400m of Conductive Cover Highly Conductive Mesozoic Black Shale Mesozoic Sands Drill Target: Significant Untested Stratigraphic Conductor Prospective for Giant Mount Isa Style Zinc and Copper Deposits Magneto-telluric 2D conductance model with general geological
Slide 18: Mount Skipper: Zinc-Lead-Silver-Copper
Mount Skipper Zinc-Lead-Silver-Copper Cannington Mine • A Cannington Analog • Similar bulls-eye magnetic target 90km south of Cannington Cannington Bulls-Eye • Same Mount Norna host sequence Magnetic Target • Depth to basement 480m • First Red Metal drill test intersected Cannington near-miss (halo)
Slide 19: Mount Skipper: Spotted Sillimanite Rocks - A Cannington Near-Miss?
Mount Skipper Spotted Sillimanite Rocks - A Cannington Near-Miss? Spotted Sillimanite-Biotite-Quartz-Feldspar-Garnet Gneiss Knotted Biotite-Quartz-Sillimanite-Muscovite-Garnet Schist Fine-Garnet Altered Quartzite
Slide 20: Mount Skipper: A Cannington Near-Miss?
Mount Skipper A Cannington Near-Miss? Biotite-sillimanite-quartz schist with strong muscovite retrograding and unusual coarse, angular, grey porphyroblasts retrograded to fine muscovite . Porphyroblasts may be after cordiorite but now mostly very fine-muscovite (needs petrology). Semi-massive pyrite
Slide 21: Cannington: Spotted Sillimanite Near-Miss Rocks
Cannington Spotted Sillimanite Near-Miss Rocks Spotted Sillimanite-Muscovite-Garnet Alteration Cannington Cross Section Showing 200m Thick Strong Alteration Halo Fine-Garnet Altered Quartzite
Slide 22: Mount Skipper: Vector Magnetic vs RTP Modelling
Mount Skipper Vector Magnetic vs RTP Modelling – Remanence Issue Note: 200m offset between peak magnetic positions using RTP imaging (contours) and Vector Magnetic imaging – due to remanence effect? Vector magnetic image overlain by RTP magnetic contours Offset between vector magnetic high (image) a
Slide 23: Mount Skipper: Proposed Follow-up Hole
Mount Skipper Vector Magnetic vs RTP Modelling – Remanence Issue MSD19001 Proposed Follow-up Hole Note: Increasing zinc values downhole 3D Vector Magnetic Model
Slide 24: Lawn Hill: Zinc-Lead-Silver and Copper
Lawn Hill Zinc-Lead-Silver and Copper • Scope for more than one giant base metal deposit type in the Lawn Hill region. • Where are the giant stratiform McArthur River or Mount Isa style zinc deposits or Zambian style copper deposits? Thickened Sub-basin of Highly Conductive Stratigraphy
Slide 25: Lawn Hill: Zinc-Lead-Silver and Copper
Lawn Hill Zinc-Lead-Silver and Copper • Targeting new zinc and copper plays in 2020. • McArthur River style zinc • Gas trap replacement zinc or copper • Breccia/fault hosted zinc and copper • Trial magneto-telluric surveying (MT) to map zinc prospective stratigraphy and potential gas trap seals. • V
Slide 26: Lawn Hill: New Zinc and Copper Plays 2020
Lawn Hill New Zinc and Copper Plays 2020 Bluebush Known stratiform/bound Zinc over large area Magnetite alteration MT Survey LInes MT lines testing scope for stratiform zinc east of Bluebush Extension of Termite Fault Magnetic Dome Structure – gas trap replacement by zinc or copper? Scope for strati
Slide 27: Lawn Hill: New Zinc and Copper Plays 2020
Lawn Hill New Zinc and Copper Plays 2020 Bluebush Known stratiform/bound Zinc over large area Magnetite alteration MT Survey LInes MT lines testing scope for stratiform zinc east of Bluebush Extension of Termite Fault Magnetic Dome Structure – gas trap replacement by zinc or copper? Scope for strati
Slide 28: Gulf Projects: Copper-Gold
Gulf Projects Copper-Gold • First Mover Advantage • In proven IOCG terrain • Extension of Leichhardt/Jimmy’s Creek IOCG terrain • Numerous untested gravity/magnetic targets • Favorable volcanic host rocks and intrusive granites • Targets at mineable depths • Depth to basement 150-650m • Gravity only
Slide 29: Gulf Projects: Copper-Gold
Gulf Projects Copper-Gold • First Mover Advantage • In proven IOCG terrain • Extension of Leichhardt/Jimmy’s Creek IOCG terrain • Numerous untested gravity/magnetic targets • Favorable volcanic host rocks and intrusive granites • Targets at mineable depths • Depth to basement 150-650m • Gravity only
Slide 30: Gulf Projects: Copper-Gold
Gulf Projects Copper-Gold • First Mover Advantage • In proven IOCG terrain • Extension of Leichhardt/Jimmy’s Creek IOCG terrain • Numerous untested gravity/magnetic targets • Favorable volcanic host rocks and intrusive granites • Targets at mineable depths • Depth to basement 150-650m • Gravity only
Slide 31: Gulf Projects: New Targets
Gulf Projects Copper-Gold • First Mover Advantage • In proven IOCG terrain • Extension of Leichhardt/Jimmy’s Creek IOCG terrain • Numerous untested gravity/magnetic targets • Favorable volcanic host rocks and intrusive granites • Targets at mineable depths • Depth to basement 150-650m • Gravity only
Slide 32: Paterson Province
Paterson Province • Western Margin • Marginal marine sequences with a mixture of Red Metal’s New Yarrie Project oxidised sands and reduced shale, carbonate sequences • Mount Isa style Sedimentary-Hosted copper and cobalt at Nifty (>176Mt @ 1.3% Cu) • Zambian style Sedimentary-Hosted copper and cobal
Slide 33: Paterson Province: Greatland Gold's Havieron
Paterson Province Greatland Gold’s Havieron • Upper Zone • 118 m at 0.84% copper and 3.08g/t gold including 11.5m at 2.49% copper and 6.23g/t gold 7.5 m at 1.2% copper and 32.8g/t gold • Lower Zone • 157m at 0.44% copper and 6.04g/t gold including 113 m at 0.61% copper and 8.30g/t gold including 38m
Slide 34: Paterson Province: Rio Tinto's Winu Copper-Gold
Paterson Province Rio Tinto’s Winu Copper-Gold • Multiple quartz-sulphide and carbonate-sulphide vein sets in meta-sediment • Chalcopyrite-pyrite-pyrrhotite-bornite-molybdebite-scheelite-bismuthite-wulframite • CuAuAg + MoWBi • K-feldspar, muscovite-biotite and or chlorite alteration • 763m @ 0.44%
Slide 35: Paterson Province: Yarrie Copper-Cobalt and Copper-Gold
Paterson Province Yarrie Copper-Cobalt (West) and Copper-Gold (East) Dome 9 Dome 8 Red Metal’s Winu Look-Alikes Dome 6 Dome 7 Dome 4 Dome 5 Dome 3 Mount Isa/Zambian Copper Targets Dome 2 Dome 1 AEM Limit of Penetration Rio Tinto AEM Conductivity Depth Slice 200-250m on Tilt Residual Magnetic Image
Slide 36: Paterson Province: Red Metal's Yarrie Copper-Gold (East)
Paterson Province Red Metal’s Yarrie Copper-Gold (East) Red Metal Magnetic Targets Red Metal Magnetic Targets Along High Gravity Ridge Along High Gravity Ridge High Gravity High Gravity Ridge Ridge Yarrie Project New Airborne Gravity Data Rio Tinto “Winu” Rio Tinto “Winu” Links Red Metal Targets wit
Slide 37: Paterson Province: Yarrie Copper-Cobalt (West)
Paterson Province Red Metal’s Yarrie Copper-Cobalt (West) • Targeting Sedimentary-Hosted Copper • Giant high-grade copper styles • Structural Mount Isa (or Nifty) types >255Mt @ 3.3% copper • Zambian or Komoa-Kakula types >1Bt @ 3.17% • Kamoa-Kabula • Newest discovery in the DRC • Giant sedimentary-
Slide 38: Paterson Province: Yarrie Copper-Cobalt (West)
Paterson Province Red Metal’s Yarrie Copper-Cobalt (West) Yarrie Project, Paterson Province, WA at the same scale Dome 6 Dome 4 Dome 5 Dome 3 Dome 2 Dome 1 Vertical Gradient Magnetics Note the controlling Kamoa-Kakula Possible dome-shaped antiform structures dome-shaped antiform structure prospectiv
Slide 39: Contact
Contact • Red Metal Limited • Managing Director – Rob Rutherford • Level 15, 323 Castlereagh Street • Sydney 2000 • Ph: +61 (0)2 92811805 Mob: +61 (0)429651126 • www.redmetal.com.au • admin@redmetal.com.au