Red Metal Limited · ASX:RDM
Red Metal — Investor Presentation (October 2014)
23 slides from Red Metal's investor presentation, Oct 29, 2014
Slide 1: Maronan Lead-Silver Queensland: Tier 1, Tier 2 or...?
For personal use only ASX:RDM Maronan Lead-Silver Queensland Tier 1, Tier 2 or……..? October 2014 2013 Queensland Explorer of the Year
Slide 2: Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements For personal use only 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 con
Slide 3: Corporate Profile
Corporate Profile For personal use only ASX:RDM Issued Capital 174,771,919 Ordinary shares 7,125,000 Unlisted options Directors Rob Rutherford Managing Director Russell Barwick Chairman Joshua Pitt Non-executive Director Strong Financial Position $5.9M cash as of Q3 2014, Low ove
Slide 4: Searching for Giants
For personal use only $10 $20 $30 $50 $60 $70 $40 $0 PEGMONT- QLD NiCu CuAu AuCu AREA55- NT PbZnAg NORTH PORTIA- SA ROVER 1- NT JERVOIS- NT ELOISE- QLD MAROCHYDORE- WA ROCKLANDS- QLD BASIL- NT KANMANTOO- SA WALFORD CREEK- QLD E1 MONAKOFF- QLD MUTOOROO- SA LADY ANNIE- QLD MT ROSEBY- QLD BROWNS EAST-
Slide 5: Searching for Giants
For personal use only $10 $20 $30 $50 $60 $70 $40 $0 PEGMONT- QLD NiCu CuAu AuCu AREA55- NT PbZnAg NORTH PORTIA- SA ROVER 1- NT JERVOIS- NT ELOISE- QLD MAROCHYDORE- WA ROCKLANDS- QLD BASIL- NT KANMANTOO- SA WALFORD CREEK- QLD E1 MONAKOFF- QLD MUTOOROO- SA LADY ANNIE- QLD MT ROSEBY- QLD BROWNS EAST-
Slide 6: Searching for Giants: Market Values
For personal use only $10 $20 $30 $50 $60 $70 $40 $0 PEGMONT- QLD NiCu CuAu AuCu AREA55- NT PbZnAg NORTH PORTIA- SA ROVER 1- NT JERVOIS- NT ELOISE- QLD MAROCHYDORE- WA ROCKLANDS- QLD CDU $309M BASIL- NT KANMANTOO- SA WALFORD CREEK- QLD HGO $85M E1 MONAKOFF- QLD MUTOOROO- SA LADY ANNIE- QLD MT ROSEBY
Slide 7: Searching for Giants: In Ground Value
Searching for Giants For personal use only In Ground Value A$ Bn : Tier 1 “Country Makers” Province Deposit Mt Lead Zinc Silver Copper Gold In ground % % g/t % g/t $AUS Bn Timmons Kidd Creek Canada 124 0.2 6.2 87 2.3 $47 Isa DUGALD RIVER 53 1.9 12.5 36 $18 Isa CENTURY 98 1.7 11.6 43 $32 Isa MOUNT IS
Slide 8: Cannington Mine
Cannington Mine BHPB/NEWCO owned 100% For personal use only Cannington Plan Worlds largest silver and lead mining operation One of the worlds lowest cost producers High-Grade Vent Core(?) Total published resources Underground (1998) 500m 44Mt @ 11.6% lead, 4.4% zinc, 538g/t silver Prop
Slide 9: Mount Isa Project Focus
Mount Isa Project Focus For personal use only Silver-Lead ± Zinc QLD Maronan Silver-Lead - Cannington look alike Copper ± Gold QLD Potentially large zoned mineral system Corkwood (Xstrata JV) Walford Creek East Recent drilling discovered high-grade intercepts Nextisa (plus Ag-Pb-Zn) belo
Slide 10: Mount Isa Inlier
Mount Isa Inlier Mount Isa Inlier For personal use only Worlds most productive silver-lead- zinc terrain and geological time period Giant silver-lead-zinc deposits include Cannington, Mount Isa, George Fisher, Century, Lady Loretta, Dugald River, HYC and Broken Hill Significant copper deposi
Slide 11: Maronan
Maronan 100% Red Metal For personal use only Two separate mineral systems Bedded Cannington or Broken Hill- type silver-lead mineralisation Partially overprinted by Osborne-type copper-gold Excellent Infrastructure 80 kilometres by bitumen due north of Cannington Mine, 50 kilometres by
Slide 12: Maronan: Drilling History and Recent Success
Maronan Drilling History Total 47 wide spaced core holes on For personal use only 200m x 200m spacing First holes drilled into a magnetic target in 1987 Shell/Billiton/Acacia -15, MPI - 3, Phelps Dodge - 6 BHBP - 12 Red Metal - 11 (4th hole) Copper Vein Zone Recent Success New ge
Slide 13: Maronan: Bedded Silver-Lead
Maronan Bedded Silver-Lead Hosted within mixed exhalative For personal use only sequence comprising banded carbonate-sulphide horizons and banded iron formations Exhalative horizons are up to 50-60m true width Inter-bedded with quartzite, psammite and pelite sequences Dips about 70 degree
Slide 14: Maronan: Zonation to High Grade Silver-Lead
Maronan Zonation to High Grade Silver-Lead For personal use only Theoretical Vent Core Deeper Maronan Target Semi-massive Lead sulphide Modern Day Vents Vent Apron? Vent Core? Vent Apron Cannington Long Section Deposited at Ancient Seafloor as Zoned Vent System Possibly similar to modern day “Wh
Slide 15: Bedded Carbonate-Lead Sulphide Textures and Grades
Maronan For personal use only “Bonanza” Folded Bedded Apron Style 15.4%Pb, 378g/t Ag “Tier 2” Bedded Apron Style 8.6%Pb, 175g/t Ag “Tier 1” Bedded, Vent Core Potential? 22%Pb, 623g/t Ag Zinc Breccia (uncommon) 14.8%Pb, 6%Zn, 224g/t Ag, 0.9g/t Au Bedded Carbonate-Lead Sulphide Textures and Grades
Slide 16: Maronan: Over Printing Copper Vein Zone
Maronan Over Printing Copper Vein Zone Silica-flooding with strong pyrrhotite ± For personal use only chalcopyrite veining Mostly developed within the inter- bedded quartzite sequences Localised focus of deep surface weathering Increasing copper and gold grades and widths at depth Copper V
Slide 17: Recent Drilling
For personal use only Recent Drilling
Slide 18: Recent Drilling: Silver-Lead Open at Depth and Shallower
Recent Drilling Silver-Lead Open at Depth and Shallower For personal use only MRN14006 (Next) (Assays Pending) MRN13002 2.3m @ 9.8% lead, 277 g/t silver; 13.7m @ 7.9% lead, 230 g/t silver; MRN14005 10.1m @ 8.9% lead, 202 g/t silver; (In Progress) 15.1m @ 5.8% lead, 134 g/t silver; (Assays Pending) V
Slide 19: Recent Drilling: Drill Hole Locations
Recent Drilling A B For personal use only A B C D Tier 2 ? Recent Drill Hole Locations Northern Fold Structure Vertical Gradient Magnetic Image Tier 1 ?
Slide 20: Recent Drilling: Drill Hole Locations
Recent Drilling C D For personal use only A B C D Recent Drill Hole Locations MRN14005 Northern Fold Structure (In Progress) Vertical Gradient Magnetic Image
Slide 21: Recent Drilling: Silver-Lead Open at Depth and Shallower
Recent Drilling Silver-Lead Open at Depth and Shallower For personal use only Shallow Ore Potential MRN14006 (Next) (Assays Pending) MRN13002 2.3m @ 9.8% lead, 277 g/t silver; 13.7m @ 7.9% lead, 230 g/t silver; MRN14005 10.1m @ 8.9% lead, 202 g/t silver; (In Progress) 15.1m @ 5.8% lead, 134 g/t silv
Slide 22: Recent Drilling: Silver-Lead Open at Depth and Shallower
Recent Drilling Silver-Lead Open at Depth and Shallower For personal use only Shallow Ore Potential MRN14006 (Next) (Assays Pending) MRN13002 2.3m @ 9.8% lead, 277 g/t silver; 13.7m @ 7.9% lead, 230 g/t silver; MRN14005 10.1m @ 8.9% lead, 202 g/t silver; (In Progress) 15.1m @ 5.8% lead, 134 g/t silv
Slide 23: Maronan - Queensland
Maronan - Queensland For personal use only It’s a large zoned mineral system It’s a Cannington lead-silver look- alike Step-out drilling is in progress Vent Core? Tier 1, Tier 2 or ……??? Vent Core? Semi-massive Vent Core? Lead sulphide Cannington Long Section