Rimfire Pacific Mining Limited · ASX:RIM
Rimfire Pacific Mining — Rimfire Pacific Mining NL — Shareholder Meeting (November 2012)
35 slides from Rimfire Pacific Mining's shareholder meeting presentation, Nov 22, 2012
Slide 1: Emerging Greenfields Gold Discovery in NSW
For personal use only rimfire pacific mining nl (ASX “RIM”) Emerging Greenfields Gold Discovery in NSW John Kaminsky Executive Chairman Colin Plumridge Head of Exploration AGM 22nd November 2012 22 November, 2012 Rimfire Pacific Mining - AGM 2012 1
Slide 2: Disclaimer
Disclaimer For personal use only This presentation contains “forward looking statements” as defined or implied in common law and within the meaning of the Corporations Law. Such forward looking statements may include, without limitation, (1) estimates of future capital expenditure; (2) estimates of
Slide 3: Presentation Outline
Presentation Outline - Main Discussion Items For personal use only 22 November, 2012 Rimfire Pacific Mining - AGM 2012 3
Slide 4: Rimfire Pacific Mining NL – Project Areas
Rimfire Pacific Mining NL – Project Areas For personal use only Fifield Platinum and Gold Project Area Alluvial Gold Discovery 1880’s Only dedicated Platinum mining in Australia, alluvial resource was not exhausted, hard rock not understood Platinum 20,000oz recovered 1890’s Commonwealth’s
Slide 5: Company Profile
Company Profile (as at 20th November 2012) For personal use only Shares on Issue • Placement and SPP 85M shares at 3.0 cents, Sept 2012, $2.54M gross • 610M Ordinary FP Market Cap. Approx. $42.0M @6.9 cents Share Price Movement • 2011 High 6.0 cent, Low 3.1 cent • 2012 High 9.3 cent (Oct), Low 2.5 c
Slide 6: Month Share Price Performance
12 Month Share Price Performance For personal use only Trench 31 9m @ 4.9g/t Au Fi 212 14m @ 24.4g/t Au And 26m @ 155g/t Ag To S&P/ASX MIDCAP RESOURCES Share price performance solid in tough markets 22 November, 2012 Rimfire Pacific Mining - AGM 2012 6
Slide 7: District Location – Good Address!
District Location – Good Address! For personal use only Lachlan Lineament – Major Mineralised corridor Tout Complex at Fifield Orientation – Confirms lineament position Au and Pt in some Shears with this orientation at Fifield Cadia, North Parkes, IvanPlats, KBL, YTC, CCU 22 November, 2012 R
Slide 8: Gravity Interpretation of Regional Structure
Gravity Interpretation of Regional Structure For personal use only 22 November, 2012 Rimfire Pacific Mining - AGM 2012 8
Slide 9: Fifield Rimfire Major Project Areas
Fifield Rimfire Major Project Areas RIM has seven exploration licences For personal use only Approx. 300 km2 2 Mineral claims (Mining Licences) and a Bulk Disturbance permit “Pit One” Permit for 6 x 100m trenches Platina Lead 210 Hectares of Freehold Platina- Tresylva Corridor of Faults
Slide 10: Sorpresa Location at Fifield
Sorpresa Location at Fifield For personal use only Trench 31 Sorpresa Outline Platina Lead In 2010 the Sorpresa geochemistry Scale 2km was discovered 800m north of Company freehold 22 November, 2012 Rimfire Pacific Mining - AGM 2012 10
Slide 11: Sorpresa Fine Au Discovery – Subtle Soil Geochemistry
Sorpresa Fine Au Discovery Subtle Soil Geochemistry For personal use only • 2007 Rockchip 8.8g/t Au • 2008 RC Au Intersection (6m @ 2.5g/t Au) • 2010 Soil Geochemistry Expanded • 2010 Auger Bedrock (40m > 0.1g/t Au) • 2010 Trench 31 (9m @ 4.9g/t Au) 22 November, 2012 Rimfire Pacific Mining - AGM 201
Slide 12: Geology meets Au soil geochemistry
Geology meets Au soil geochemistry For personal use only Au Geochemistry in context Limited to reliable areas AV Rock – a cap Au Geochemistry – Geology – IP A neat correlation Pathfinder elements Pb, As, Sb, Ag also present 25ppb Au in soil 7ppb Au in soil 22 November, 2012 Rimfire Pacif
Slide 13: Drilling in 2011 and 2012
Drilling in 2011 and 2012 For personal use only 3,500m in 2011 (40~80m depths) First pass 34/56 holes had Au at 2m >1g/t High grade 63g/t Au; 9,000m (est.) 2012 High grades 87.5g/t and 118g/t Au (1.2km apart) Some deeper holes (100~160m) Stepout and scout Important 2,500m assays pe
Slide 14: Sorpresa Fine Au Discovery – Some Drilling Highlights
Sorpresa Fine Au Discovery Some Drilling Highlights For personal use only Greenfields RC drilling – 3,546m in 2011 & 4,700m in 2012 to date Sorpresa Currently 4 areas across strike length of 1.6km Strong pathfinders in real time, As, Pb, Sb 52 of 150 holes (34%) have Au at approx. 10g metres
Slide 15: Fifield Gold Observations – Wider Area
Fifield Gold Observations – Wider Area For personal use only Western Block Au in Creek Sampling Area 4km2 1.54g/t • Numerous Fine Au occurrences • Different to the Coarse Au at Fifield – More than one Au mineralised system • Noted historic “hard rock Au scratchings” mapped • Mapping, Creeks, Soils,
Slide 16: Gold Receptive Horizon
Gold Receptive Horizon Gold Receptive “black silica” horizon For personal use only Carbonaceous Sediments pervasively silicified, fractured, Au/Ag mineralised “Sorpresa-like” black silica continues to be sighted Along strike North and South from known Sorpresa “Only a small part of a likely
Slide 17: Importance of Black Silica Geology Association
Importance of Black Silica Geology Association Model Development For personal use only Au receptive horizon Black Silica AV Capping Rock Shear zone control Intersecting shears important Pod-like 3D geometry Probable pooling 22 November, 2012 Rimfire Pacific Mining - AGM 2012 17
Slide 18: Tentative Concepts on the Deposit Origin
Tentative Concepts on the Deposit Origin Mineralised System at Fifield – Geology Notes For personal use only Hot fluids charged with Au, Ag ascend in fracture channels Low flow in impervious volcanic layer – precipitates Au, Ag High Carbon and pyrite content in rock layer below volcanic promot
Slide 19: Sorpresa Tr31 Area Drilling on Soil and Bedrock Geochemistry
Sorpresa Tr31 Area Drilling on Soil and Bedrock Geochemistry For personal use only Trench 31 Discovery Oct 2010 22 November, 2012 Rimfire Pacific Mining - AGM 2012 19
Slide 20: Sorpresa Tr31 Area Drilling on Soil and Bedrock Geochemistry
Sorpresa Tr31 Area Drilling on Soil and Bedrock Geochemistry For personal use only Fi 154 (May 2012) Fi 143 (May 2012) Au: 10m @ 1.23g/t from 18m Au: 14m @ 0.96g/t from 2m Incl. 4m @ 2.64g/t from 18m Incl. 2m @ 4.69g/t from 14m Fi 161 (June 2012) Au: 16m @ 4.57g/t from 36m Fi 141 (May 2012) Incl. 2m
Slide 21: Sections started to be built at Sorpresa
Sections started to be built at Sorpresa For personal use only More delineation drilling results Nov-Dec Approx. 2,500m just completed Gaining confidence in step out drilling – No surface outcrop or historic assistance Working towards resource estimations – More advanced areas at Sorpresa –
Slide 22: IP Survey at Sorpresa
IP Survey at Sorpresa For personal use only Roadside Limited pole-dipole survey first half 2012 partly over geochemistry Trench 31 100m spaced readings, 200m spaced lines IP Anomaly is large Chargeability values generally increase with depth in known dip direction Unusual curved face of ge
Slide 23: IP Survey at Sorpresa
For personal use only IP Survey at Sorpresa Curved West edge of IP Chargeability increases to depth and the shape replicates the gold position shape at surface, following the known dip to the SE. 400 m 22 November, 2012 Rimfire Pacific Mining - AGM 2012 23
Slide 24: IP Chargeability 16mv/V isosurface
IP Chargeability 16mv/V isosurface For personal use only 1.2 km 400 m 22 November, 2012 Rimfire Pacific Mining - AGM 2012 24
Slide 25: IP Response at Roadside Area
IP Response at Roadside Area For personal use only Northern 300m Roadside Oct 2012 - Fi 212 14m @ 24.4g/t Au from 26m. Oct 2012 - Fi 214 AND 20m @ 0.72g/t Au from 18m. 26m @ 154.6g/t Ag from 14m AND 24m @ 173g/t Ag from 12m 22 November, 2012 Rimfire Pacific Mining - AGM 2012 25
Slide 26: IP Response at Roadside
IP Response at Roadside For personal use only Oct 2012 - Fi 212 14m @ 24.4g/t Au from 26m. AND 26m @ 154.6g/t Ag from 14m Encouraging signs seen in recent drilling with assays pending 22 November, 2012 Rimfire Pacific Mining - AGM 2012 26
Slide 27: Mineral Observations from the Field
Mineral Observations from the Field For personal use only Fi 244 at 101-102m– Roadside Area Oxide zone Nodular Ag halides 943g/t Ag 20~22m 1 mm 1 mm Fi 214 at 21- 22m– Roadside Area Primary mineralisation Trench 31 at 2m - Au in Silica Pb, Ag Sulphides Massive Veinlets Metallurgy posit
Slide 28: Geological Concept Model – Syncline Rift Basin in Plan View
Geological Concept Model – Syncline Rift Basin in Plan View For personal use only Sorpresa at the margin only Key marker Geology “Black Silica” Strongly gold mineralised system Cross cutting faults and shears Potential for pooled mineralisation Extensive Area 8km2 and open Discovery oc
Slide 29: Sorpresa Fine Au Discovery – Important Lessons
Sorpresa Fine Au Discovery Important Lessons For personal use only Subtle Mineralisation Expression Only discovered due to eroded lenses at surface in geochemistry High Grades for Au and Ag, we have not seen the best grades yet Most of the area (8km2 ) subdued with light alluvium Fine diss
Slide 30: Exploration Programs 2013
Exploration Programs 2013 For personal use only Drilling Plans and Geophysics ◦ In-house percussion Rig approx. 10,000m, discovery, scout and delineation ◦ Contract Rigs approx. 10~15,000m, delineation and deeper capacity ◦ Likely some more Gravity, IP and Radiometrics Target Types ◦ Current Sor
Slide 31: Major Gold Areas of Focus Fifield
For personal use only Major Gold Areas of Focus Fifield 1.54g/t 22 November, 2012 Rimfire Pacific Mining - AGM 2012 31
Slide 32: Yoes Lookout Gold in Soil Anomaly - Contours
Yoes Lookout Gold in Soil Anomaly - Contours For personal use only No Historic Working New coherent Au Anomaly Different Geology – Closer to North Parkes style 5km East of Sorpresa 22 November, 2012 Rimfire Pacific Mining - AGM 2012 32
Slide 33: Objectives for 2013
Objectives for 2013 For personal use only Maiden Resource Definition(s) Resolution of the IP connection Metallurgical testing Expansion– Discoveries Beyond current Sorpresa Requires further investment in management and greater use of capital going forward 22 November, 2012 Rimfire Pacific Mi
Slide 34: Why support Rimfire?
Why support Rimfire? For personal use only Sorpresa at an exciting stage High Grades both Au and Ag Fine disseminated native Au - assay friendly Near surface mineralisation Moving to resource definition(s) Fifield is a good infrastructure location Discovery Growth in Wider Sorpresa 8km
Slide 35: Contact us
Contact us Thankyou For personal use only John Kaminsky Executive Chairman + 61 3 9620 5866 www.rimfire.com.au rimfire@rimfire.com.au Colin Plumridge Senior Geologist Head of Exploration The information in the report to which this statement is attached that relates to Exploration Results is compiled
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