Slide 1: Diversified Explorer and Developer
Diversified Explorer and Developer Emerging Frontier Provinces RIU Resources Round-Up Sydney, May 2018
Slide 2: Disclaimer
Disclaimer IMPORTANT NOTICE These presentation slides (the “Slides”) have been issued by IronRidge Resources Limited (the “Company”) in relation to an update on activities by the Company. These Slides do not comprise an admission document, listing particulars or a prospectus relating to the Company,
Slide 3: Corporate Overview
Corporate Overview Major Directors & Capital Structure Management AIM: IRR Shareholders Nick Mather Executive Chairman Issued Capital 281.3m Vincent Mascolo Other Assore Limited Options 30.5m Managing Director & CEO Performance Rights 28.5% 29% .63m Stuart Crow TOP 20 Non-Executive Director Fully-di
Slide 4: Accomplished Board & Management
Accomplished Board & Management • Extensive experience in project discovery, development and production. • Comprehensive experience in infrastructure development. • Strong capability in global equity and debt financing. • Demonstrated and compelling track record in creating value for stakeholders. N
Slide 5: Where Are We Working?
Where Are We Working? Africa focus - Gold & Lithium CHAD GHANA - Gold - Lithium AUSTRALIA - Bauxite, Titania, Gold & IVORY COAST Nickel - Gold & Lithium GABON - Iron Ore 5 Ongoing review of opportunities
Slide 6: Right DNA for Discovery, Diversity & Growth
Right DNA for Discovery, Diversity & Growth Explorer Developer Conglomerate • DGR Global Limited – • Assore Limited –JSE listed • Sumitomo Corporation ASX listed • Global network • South African supplier of • Project generator, raw material to the encompassing over 66 founder and creator of world's
Slide 7: CHAD – 1st Mover Advantage
CHAD – 1st Mover Advantage 7 Scale Potential
Slide 8: New Mineralised Province
8 New Mineralised Province › Licenses covering 900km2 of gold mineralized geological structures in the Saharan Metacraton › Potential analogue of Intrusion Related Gold Systems (‘IRGS’); World Class Tintina Gold Belt, Yukon-Alaska › Little or no modern-day exploration; largely forgotten due to oil f
Slide 9: Dorothe Gold Project
Dorothe Gold Project › 200km2 exploration license granted › 14,474m of trenching completed › Extensive artisanal workings › Two discrete mineralisation targets: Gold nuggets from license areas › 3x1km artisanal pitting zone › 1km x 200m gold mineralised vein swarm; possible extensions to 3km › Regio
Slide 10: Dorothe Trenching Programmes
Dorothe Trenching Programmes › Phase 1: 5,204m trenching completed › Multiple intersections incl. Main Vein Zone Pitting Zone › Pitting Zone: 8m @ 4.7g/t, 12m @ 2.9g/t, 10m @ 2.9g/t, 4m @ 4.7g/t and 2m @ 8.9g/t Au › Main Veins: 4m @ 14.1g/t Au, 2m @ 34.1g/t and 1m @ 63.2g/t › Phase 2: 9,270m trenchi
Slide 11: New Tenure & Major Gold Structures Identified
New Tenure & Major Gold Structures Identified › Two new licenses granted at Kalaka and Nabagay › Favourable structural settings similar to Dorothe NABAGAY › 40km strike of prospective gold corridor now secured › Multiple artisanal sites KALAKA discovered at Kalaka and Guerere › Anomalous reconnaissa
Slide 12: Highly Prospective Kalaka License
Highly Prospective Kalaka License › Extensive artisanal workings over 1x1.5km area › Gold nuggets in surface regolith › Deeper workings following mineralised veins at Guerere › Regional soil sampling and mapping programme underway › Potential repetitions of Dorothe mineralised system 12
Slide 13: Additional Projects Echbara & Am Ouchar
Additional Projects Echbara & Am Ouchar › Historic targets identified by the UN Development Programme › Echbara trenching results incl. › 58m @ 1.31g/t, 30m @ 1.25g/t Au by UNDP › 12m @ 2.71g/t by Tekton › Am Ouchar trenching results incl. › 20m @ 6.8g/t, 16m @ 4.7g/t and 12m @ 5.7g/t Au › Field wor
Slide 14: GHANA – Rich Mining History Rediscovered
GHANA – Rich Mining History Rediscovered Lithium Potential 14
Slide 15: West Africa Lithium Frontier
West Africa Lithium Frontier › Proven big, high-grade Li spodumene pegmatites › Significant globally › Historical gold focus in the Birimian, yet highly prospective for Li too › 1,822km2 portfolio secured in Ghana and Ivory Coast › Portfolio includes: › Exclusive access rights to apply for 1.48Mt @
Slide 16: Cape Coast Lithium Project (70%-100%)
16 Cape Coast Lithium Project (70%-100%) › 645km2 land package secured via earn-in and direct application › High-grade Li pegmatite opportunities; low sovereign 20MW solar farm (capacity to 40MW) risk, pro-mining Ghana › Historical spodumene deposit 1.48Mt @ 1.66% Li2O (non JORC) › Primary hard rock
Slide 17: Ewoyaa Discovery – Drilling Underway
Ewoyaa Discovery – Drilling Underway › Broad & continuous high- grade Li pegmatites in trenching & rock-chips › 100m @ 1.57% Li2O including 40m @ 1.93% and 15m @ 2.18% Li2O in trenching › 10m @ 2.41%, 25m @ 2.29%, 25m @ 2.14% Li2O in rock chips › Coarse grained, crowded spodumene mineralogy › Drilli
Slide 18: Egyasimanku Hill Rediscovered
Egyasimanku Hill Rediscovered › Area of historical works defined on the ground › Significant exploration upside within immediate deposit area › Spodumene dominant pegmatites observed › Li rich, re- discovered pegmatite field Coarse, crowded spodumene Coarse, crowded spodumene pegmatite outcrop on pe
Slide 19: Exploration Upside
Exploration Upside › High-resolution heli-rad & mag survey completed › Historic Be stream sediment anomalies defining pegmatite zones › 8 pegmatite bodies reported at Barari; 350- 560ft long, 30-80ft wide & 0.5–2.2% Li2O › Historic Egyasimanku Hill deposit 1.48Mt @ 1.67% Li2O (non JORC) › Multiple t
Slide 20: Grade, Scale & De-Risked; Lithium Opportunity
Grade, Scale & De-Risked; Lithium Opportunity View looking south-west at Barari pegmatite hill targets › High-Grade and large scale potential › Just one of multiple untested pegmatites in a rediscovered Li field › Adjacent to the coast and high-tension transmission line; within 100km of Accra › With
Slide 21: Ivory Coast – Gold Pedigree
Ivory Coast – Gold Pedigree 21
Slide 22: Ivory Coast – Gold & Lithium Portfolio
Ivory Coast –Gold & Lithium Portfolio › Access rights secured to 3,235km2 over 9 licenses and applications (not including 1,177km2 Li portfolio) › Country underlain by prolific Birimian Greenstone Belts › Underexplored yet hugely prospective › Major regional structures with operating mines; Tongon 5
Slide 23: Bianouan & Bodite Gold Projects
Bianouan & Bodite Gold Projects › Along strike from c.17Moz, 5.5Moz and 5Moz deposits › Target areas defined in rock chips, soils & artisanal sites › Bianouan trenching, pitting and extensional soils completed › Bodite auger drilling, pitting and soils underway 23
Slide 24: Vavoua Project Area
Vavoua Project Area › 600km2 ground holding › Along strike of significant and growing 700Koz Abujar Project (3rd party, JORC compliant) › Highly anomalous reconnaissance auger drilling results: › 2.3g/t Au › 0.53g/t Au › High priority target areas defined › Airmag survey planned 24
Slide 25: Kineta Project Area
Kineta Project Area › Artisanal workings defined over 8km strike › Along strike from Konkera insert (3.3Moz) and Wa-Lawra (2.1Moz) deposits › High-grade rock-chip results › Soils completed at Kineta North; assays pending insert Artisanal mining 25 Artisanal gold workings at the Marahui (southern) ap
Slide 26: AUSTRALIA – Low Sovereign Risk / GABON – Iron Ore Frontier
AUSTRALIA – Low Sovereign Risk GABON – Iron Ore Frontier 26
Slide 27: Monogorilby Bauxite/Titania (100%)
27 Monogorilby Bauxite/Titania (100%) › New bauxite Province – significant scale potential › Well located <55km from a dormant rail system with connections to the Port of Bundaberg › Large land holding; 967km2 granted and under application › Additional titanium and nickle/cobalt potential Bauxite sc
Slide 28: Monogorilby Bauxite Maiden Resource
Monogorilby Bauxite Maiden Resource › Maiden Resource 54.9Mt @ 37.5% total Al & 8.5% total Si › Average 7m to 14m thick bauxite profile from surface › Mineralised plateaus; low stripping ratios implied › Predominantly gibbsite mineralogy; higher value implied › Preliminary scouting metallurgical tes
Slide 29: May Queen Gold Project (100%)
29 May Queen Gold Project (100%) › Gold intersections in drilling incl.: › 4m @ 38.8g/t Au (EOH) & 2m @ 73.4 g/t Au (incl. 1m @ 145g/t Au) in historical drilling › 6m @ 6.95g/t & 2m @ 13.5g/t Au Au in recent drilling › Epithermal & skarn type textures along intrusive contacts › Discrete magnetic ano
Slide 30: Gabon – Iron Ore Country
Gabon – Iron Ore Country › Tchibanga Project (1,977km2): › Neoproterozoic iron formation › Ferruginous capping over hematitic schists › Avg 45.2% Fe moderate contaminants › Prime location adjacent to barging port › Belinga Sud Project (1,976km2): › Archean/Palaeoproterozic itabirites › Along strike
Slide 31: Iron Ridge Resources
Iron Ridge Resources Level 27, 111 Eagle Street Brisbane QLD 4001, Australia P +61 7 3303 0610 E info@ironridgeresources.com.au
Slide 32: Chad – Country Profile & Project Location
Chad – Country Profile & Project Location GDP US$2,500 GDP per capita p/a Projected economic growth of 5.9% (2020) Member of the OHADA and EITI Currency Central African Franc (CFA) Population Resources / Commodities 13.6 million Total, Exxon, Chevron and Glencore active in Chad for decades Area 1.2
Slide 33: Chad – Pro-Mining Investment Framework
Chad – Pro-Mining Investment Framework Attractive Mining Code and investment framework › Mineral exploration licenses granted for 5 years › Renewable twice for a total 15 year period › Mining licenses granted for a 25-year term and renewable › 10-year tax holiday › 35% Corporate tax rate › The State
Slide 34: Ghana – Country Profile & Project Location
Ghana – Country Profile & Project Location GDP US$4,300 GDP per capita Projected economic growth of 5% (2020) Member of the EITI Currency Cedi Population 25.7 million Resources / Commodities Area Cocoa, Gold 238,000 km2 Language Agriculture, Oil & Gas 34 English
Slide 35: Ghana – Pro-Mining Investment Framework
Ghana – Pro-Mining Investment Framework › Mineral Rights, Licenses & Permits: › Reconnaissance Licence - 1 year and renewal for a further 1 year › Prospecting Licences - 3 years and 2 x 3 year extensions › Mining licenses - Up to 30 year term and renewable for a further 30 year term › State Carried
Slide 36: Ivory Coast – Country Profile & Project Location
Ivory Coast – Country Profile & Project Location GDP US$3,300 GDP per capita Projected economic growth of 7.5% (2020) Member of the EITI Currency Central African Franc (CFA) Population 20.6 million Resources / Commodities Area Worlds Largest producer of 322,500 km2 cocoa beans Language Diversified e
Slide 37: Ivory Coast – Pro-Mining Investment Framework
Ivory Coast – Pro-Mining Investment Framework › Mineral Rights, Licenses & Permits: › Exploration Permits – 4 years and 2 x 3year extensions with ¼ relinquishment › Mining Permits - Granted for life of mine, up to 20 year term and renewable in further 10 year allotments › State Carried Interest - 10