Resolution Minerals Ltd. · ASX:RML
Resolution Minerals — Shareholder Meeting (November 2019)
31 slides from Resolution Minerals's shareholder meeting presentation, Nov 26, 2019
Slide 1: AGM 2019 Presentation
AGM 2019 Presentation 26 November 2019 INSPECTING THE 64NORTH PROJECT SEPT 2019 NORTHERN STAR’S POGO GOLD MINE IN THE BACKGROUND
Slide 2: Agreement to earn up to 80% of the Goodpaster Project, Alaska
C O M PA N Y T R A N S F O R M AT I O N 1 7 O C T O B E R 2 0 1 9 AGREEMENT TO EARN UP TO 80% OF THE GOODPASTER PROJECT, ALASKA ASX - 17 October 2019 • Highly leveraged gold exploration investment opportunity, adjacent to the operating world class Pogo Gold Mine, owned by Northern Star (ASX:NST) • T
Slide 3: Strategy shift and name changes
S T R AT E G Y S H I F T A N D N A M E C H A N G E S ASX - 17 October 2019 ASX: N27 ASX: RML Goodpaster 64North Project Project * Company name change subject to shareholder approval at AGM 3
Slide 4: First 40 days since company transformation
F I R S T 4 0 D AY S S I N C E C O M PA N Y T R A N S F O R M AT I O N Completed Binding Term Sheet with Millrock Resources on the 64North Project Fully subscribed $1.5m placement ($1.15m subject to shareholder approval at AGM – share issue 2/12/19) New Managing Director appointed and geology
Slide 5: Road construction to water well site & CSAMT line 6 completed
Road construction to water well site & CSAMT Line 6 completed
Slide 6: Core recovery from E1 and ER prospects completed
Core recovery from E1 and ER prospects completed Geology team site inspection and core viewing Nov’19 Relogging and sampling underway in Fairbanks
Slide 7: Water well rig, Aurora Target 21/11/19
Water well rig, Aurora Target 21/11/19
Slide 8: Operations plan year one – North project
O P E R AT I O N S P L A N Y E A R O N E – 6 4 N O R T H P R O J E C T US$5m Budget 15 Months 17/10/2019 to 30/01/2021 • $250K Exclusive Option, road construction, historic core recovery, geophysics • $400K 8% Management fee to Millrock as Operator • $150K Claim rentals and option payments • $900K r
Slide 9: Tintina gold province – Goodpaster gold district
T I N T I N A G O L D P R O V I N C E – G O O D PA S T E R G O L D D I S T R I C T Province Gold System • 100m oz Au Endowment • 80-102 Ma Age main Livengood mineralizing event 12.5 Moz 64North Project Dublin Gulch Cleary Hill Ft Knox Goodpaster District Brewery Ck Incl Eagle +7 Moz +13 Moz 1.54 Moz
Slide 10: 64North Project – tenements & prospects
64NORTH PROJECT – TENEMENTS & PROSPECTS Large land position surrounding Pogo Gold Mine • 1,174 State mining claims • 660 km2 Pogo Gold Mine Northern Star ASX:NST • 10 M oz gold endowment with exploration upside at the Pogo Gold Mine, with 4 new discoveries announced by ASX:NST • Production 300,000 o
Slide 11: Available to this project, a favourable cost saving advantage
AVAILABLE TO THIS PROTECT, 2 re A FANE ti cost SAVING _ ADVANTAGE Over TYPICAL SUMMER ont - , wh ‘
Slide 12: 64North Project – camp scale potential
64NORTH PROJECT – CAMP SCALE POTENTIAL Camp Scale Potential: • Granitic Intrusions, age 80-102 Ma, main mineralising engine room present throughout District • 10 M oz gold endowment with exploration upside at the Pogo Gold Mine, with 4 new discoveries announced by ASX:NST • Strong geochemical signat
Slide 13: Pogo style mine mineralisation model
P O G O S T Y L E - M I N E M I N E R A L I S AT I O N M O D E L Elevated gold/arsenic/bismuth anomaly Low Angle Veins (Liese 1-3, East Deep) • These veins contain the bulk of the ore at Pogo Gold-bearing quartz veins • 5-20 m thick Serpentinite, amphibolite • Hosted in regional shear zone – compres
Slide 14: West Pogo Block – Aurora & Echo priority drill targets
W E S T P O G O B L O C K – A U R O R A & E C H O P R I O R I T Y D R I L L TA R G E T S Aurora Targets – highly prospective Right Geology – paragneiss & orthogneiss in historic drilling Evidence of vertical feeder systems typical of Pogo-style mineralisation in historic drilling Highly anomal
Slide 15: Aurora target area – ELF-EM survey
W E S T P O G O B L O C K : A U R O R A TA R G E T A R E A – E L F - E M S U R V E Y ELF-EM Aurora Target Area geophysics program • Infill ELF-EM extremely low frequency electromagnetic geophysics survey is being undertaken now on the Aurora target area. • This system is similar to the CSAMT system
Slide 16: Northern Star's adjacent Goodpaster discovery
N O R T H E R N S TA R ’ S A D J A C E N T G O O D PA S T E R D I S C O V E RY - A S X N E W S Extract from ASX: NST “Pogo Plant Expansion and Goodpaster Exploration” Link to ASX: NST 16/9/2019 The Goodpaster Prospect is considered the continuation of the main Pogo mineralised trend across a major N
Slide 17: West Pogo Block – ER prospect
WEST POGO BLOCK – ER PROSPECT ER Prospect The ER Prospect is not associated with a demagnetised zone, however mineralisation of up to 373 g/t Au over 0.1m in historic drilling (Hole ID: ER03-05) is certainly worthy of further investigation. Our continued work to ascertain alternative controls on min
Slide 18: Eagle Block – E1 prospect
EAGLE BLOCK – E1 PROSPECT E1 Prospect The E1 Prospect is not a Pogo-style mineralisation. It is interpreted to be intrusion hosted IRGS system. Previous work identified significant intervals of • 0.27m @ 14g/t Au from 243m EA04-08 • 0.21m @ 4.5g/t Au from 185m EA04-04 • 1.8m @ 3g/t Au from 13m EA04-
Slide 19: North64 project agreement with Millrock Resources
NORTH64 PROJECT AGREEMENT WITH MILLROCK RESOURCES (TSXV:MRO) ASX - 17 October 2019 19
Slide 20: Other projects summary – USA & Australia
O T H E R P R O J E C T S S U M M A RY – U S A & A U S T R A L I A WOLLOGORANG COPPER-COBALT PROJECT NORTHERN TERRITORY, AUSTRALIA SNETTISHAM PROJECT SOUTH EASTERN ALASKA, USA • Three historic gold mines on the property • Stanton Cobalt Deposit Total Mineral Resource Estimate • 942,000t @ 0.13% Co,
Slide 21: Corporate snapshot
CO RPO R AT E SNAPS HO T Capital Structure 26 November 2019 Len Dean Chairman Ordinary Shares (m) 75.9 Non-Executive; Metallurgist, experienced ASX Chairman, BHP Marketing Market Capitalisation (A$m) – 6 cents $4.5 Director Iron Ore and Group General Manager Minerals Marketing. MD of Cash (A$m) (Q3
Slide 22: Disclaimer, JORC information and competent persons statement
D I S C L A I M E R , J O R C I N F O R M AT I O N A N D C O M P E T E N T P E R S O N S S TAT E M E N T This presentation has been prepared by Northern Cobalt Limited (Northern Cobalt). This to any continuing obligations under applicable law, Northern Cobalt does not undertake any document contains
Slide 23: Contact details
Contact Details Duncan Chessell Managing Director Northern Cobalt Ltd +61 414 804 055 duncan@n27.com.au Ground Floor 28 Greenhill Road Wayville SA 5034, AUSTRALIA www.northerncobablt.com.au New contact details Resolution Minerals Ltd duncan@resolutionminerals.com www.resolutionminerals.com 23
Slide 24: Appendix 1 – 64North Project – Eagle Block E1 Prospect
Appendix 1- 64NORTH PROJECT – EAGLE BLOCK E1 PROPSECT 64NORTH PROJECT (E1 PROSPECT- Eagle Block) - DRILLHOLE SUMMARY & SIGNIFICANT INTERSECTIONS Azimuth Drill Hole ID Drill Type Easting (m) Northing (m) Dip (degrees) RL (m) Total Depth (m) From (m) To (m) Interval (m) Au g/t (degrees) EA00-01 DDH 71
Slide 25: Notes
Appendix 1- 64NORTH PROJECT – EAGLE BLOCK E1 PROPSECT Notes 1. An accurate dip and strike and the controls on mineralisation are yet to be determined and the true width of the intercepts is not yet known. 2. All intervals recorded in Appendix 1 above are >0.9 ppm Au and there is no internal dilution
Slide 26: 64North Project - JORC Code, 2012 Edition – Table 1
64North Project - JORC Code, 2012 Edition – Table 1 Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Commentary Sampling • Nature and quality of sampling (eg cut channels, random chips, or specific specialised • No dri
Slide 27: JORC Table 1 – Logging and sub-sampling
Criteria JORC Code explanation Commentary Logging • Whether core and chip samples have been geologically and geotechnically logged to a • No drilling has been undertaken by Northern Cobalt following the acquisition of the level of detail to support appropriate Mineral Resource estimation, mining stu
Slide 28: JORC Table 1 – Location of data points
Criteria JORC Code explanation Commentary Location of data • Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), • All maps and locations are in UTM grid (NAD83 Z6N) or WGS 1984 Web Mercator points trenches, mine workings and other locations used in Mineral Res
Slide 29: Section 2 Reporting of Exploration Results
Section 2 Reporting of Exploration Results (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Commentary Mineral tenement • Type, reference name/number, location and ownership including agreements or material • Northern Cobalt has executed a binding term shee
Slide 30: JORC Table 1 – Data aggregation methods
Criteria JORC Code explanation Commentary Data aggregation • In reporting Exploration Results, weighting averaging techniques, maximum and/or • No drilling has been undertaken by Northern Cobalt following the acquisition of the methods minimum grade truncations (eg cutting of high grades) and cut-of
Slide 31: JORC Table 1 – Other substantive exploration data
Criteria JORC Code explanation Commentary Other substantive • Other exploration data, if meaningful and material, should be reported including (but not • No other substantive exploration data has been collected by Northern Cobalt. exploration data limited to): geological observations; geophysical su
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