Renascor Resources Ltd · ASX:RNU
Renascor Resources — Australian Copper Conference 2014
19 slides from Renascor Resources's conference presentation, Jun 16, 2014
Slide 1: New Copper Discovery in the Olympic Dam Copper Belt
Renascor Resources Limited ASX code: RNU For personal use only New Copper Discovery in the Olympic Dam Copper Belt Presented at the Australian Copper Conference 2014 Brisbane, 17-18 June 2014 David Christensen, Managing Director Renascor Resources 1
Slide 2: Important notice
Important notice For personal use only Forward Looking Statements This Presentation may include statements that could be deemed “forward-looking” statements. Although Renascor Resources Limited (the “Company”) believes the expectations expressed in such forward-looking statements are based on reason
Slide 3: Investment summary
Investment summary For personal use only New Copper Discovery • High-grade mineralised system adjacent to untested fault zone • Discovered in first target drilled – 1050 East prospect • 13m at 1.45% Cu, 66 ppm Ag and 0.17% Co (from 215m) (EEDD012) • Potential for large-scale, near-surface copper res
Slide 4: Corporate profile
Corporate profile For personal use only Board of Directors Stephen Bizzell (Chairman) • ASX code RNU David Christensen (MD) • Shares on issue 131.4m(1) Geoff McConachy • Options 6.2m(2) Chris Anderson • Cash (31 Mar 14) ~$1.0m(3) • Share price (12 Jun 14) $0.050 Andrew Martin • Market capitalisation
Slide 5: Copper in South Australia
Copper in South Australia Targeting new exploration prospects For personal use only • South Australian copper - One giant deposit (Olympic Dam) - Few mid-tier copper deposits • Copper under-represented - South Australia should include more deposits - Australia’s most significant copper discoveries s
Slide 6: Overview
Eastern Eyre Project Overview For personal use only Tenements & ownership EL 4721, EL 5012 and EL 5236 (100%), EL 5400 and 5401 (option to earn 100%) Location Southern Gawler Craton Area 1,534 km2 Primary target Copper Favourable exploration location Olympic Dam copper belt Highly prospective geolog
Slide 7: Compared to other large Cu deposits in region
Eastern Eyre Project Compared to other large Cu deposits in region For personal use only Renascor’s Large copper deposits in South Eastern Eyre Prominent Hill Australia 210 Mt @ 1.22% Cu Project from ~100m depth Discovered 2001 Olympic Dam corridor ✔ Host rock associated with Hiltaba ✔ Olympic Dam g
Slide 8: Shallow depth to basement
Eastern Eyre Project Shallow depth to basement For personal use only Eyre Peninsula: amongst the shallowest cover sequences in Olympic Dam belt - Lower drilling costs - More effective geophysics/geochem - Potential open-cut mining Olympic Dam copper belt (image right), showing depth to basement and
Slide 9: Untapped potential
Eastern Eyre Project Untapped potential For personal use only Historical exploration reveals potential - 1960s to 1980s exploration focused on near- surface geochemical targeting - Widespread near-surface copper Eastern Eyre Project (image right), showing historical drilling (<60m in blue; ≥60m in r
Slide 10: Untapped potential
Eastern Eyre Project Untapped potential For personal use only Historical exploration reveals potential - 1960s to 1980s exploration focused on near- surface geochemical targeting - Widespread near-surface copper Limited basement drilling - Ore-grade/near ore-grade copper - WMC’s Spencer prospect: ex
Slide 11: Untapped potential
Eastern Eyre Project Untapped potential For personal use only Historical exploration reveals potential - 1960s to 1980s exploration focused on near- surface geochemical targeting - Widespread near-surface copper Limited basement drilling Same image as previous - Ore-grade/near ore-grade copper slide
Slide 12: 1050 East
1050 East Extensive ore-grade Cu For personal use only 1050 East prospect, showing drill collar High-grade copper in first geology and IP summary plan prospect drilled • New copper discovery in untested fault zone • Massive high-grade copper sulphides, with results including: 13m at 1.45% Cu, 66 ppm
Slide 13: 1050 East: EEDD012 massive sulphides
1050 East EEDD012 - massive sulphides For personal use only Host rock associated with Hiltaba/GRV Moonabie formation Olympic Dam age Portion of 3m @ 4.0% Cu, 164 ppm Ag and 0.42% Co Hole EEDD012 – portion of massive sulphide interval from 217.5 metres to 221.5 metres Renascor Resources 13
Slide 14: 1050 East: Section 6374400N drill results
1050 East Section 6374400N – drill results For personal use only • Extensive Cu in five holes • Multiple massive sulphide zones • 50m to 70m width by 180m down-dip extent Extensive ore-grade copper in first prospect drilled 1050 East prospect, showing cross section of Section 6374400N Renascor Resou
Slide 15: 1050 East: Massive sulphide potential
1050 East Massive sulphide potential For personal use only • Significant scope for fault- controlled massive sulphide development - Steeply dipping Angle Dam fault zone immediately west of IP anomaly trend - Earlier drilling too shallow and too far east - Angle Dam fault zone extends +25 kilometers
Slide 16: Angle Dam targets
Eastern Eyre Project Angle Dam targets For personal use only • Angle Dam fault - Control structure for new mineralised zone at 1050 East - Limited targeting outside of 1050 area • Gravity - New gravity survey planned to define drill targets - To be used in conjunction with geochemical testing Signif
Slide 17: Extensive prospectivity
Eastern Eyre Project Extensive prospectivity For personal use only • New copper zones - 1050 East new copper discovery - Targeted by combining results from historical RAB drilling in narrow 1050 area with: Structural geology approach (fault zones) IP and other geophysics • Angle Dam fault - Control
Slide 18: Work Program
Work Program For personal use only 2014 Q2 Q3 Q4 Activity A M J J A S O N D 1050 East/1050 Induced polarisation survey Electromagentic survey Geochemical sampling RC/diamond drilling Fault structure targets Gravity survey Geochemical sampling Induced polarisation survey RC/diamond drilling Note: (1)
Slide 19: Summary
Summary For personal use only • New copper discovery at 1050 East First drill program in Eastern Eyre project Major copper system Immediate follow-on drilling • Pipeline of new, untested targets • Imminent discovery opportunities Strong news flow from active drill programs through 2014 Renascor Reso
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