Rimfire Pacific Mining Limited · ASX:RIM
Rimfire Pacific Mining — Shareholder Meeting (November 2019)
17 slides from Rimfire Pacific Mining's shareholder meeting presentation, Nov 6, 2019
Slide 1: 2019 AGM Presentation
Rimfire Pacific Mining NL ASX “RIM” For personal use only Rimfire Pacific Mining NL Q4 Board Meeting 2019 AGM Presentation 15th November 2018 Craig Riley Melbourne - 6 November 2019 1
Slide 2: Company Overview
Company Overview Key Information Financial and Shareholder Metrics (November 2019) For personal use only Rimfire is an ASX listed junior exploration company, with its key Cash (as at 30 September 2019) A$0.5m operations based in Fifield, Central NSW and head office in Melbourne Share price range 2
Slide 3: Personnel – Quality Experienced Team
Personnel – Quality Experienced Team Board and Management Exploration For personal use only Ian McCubbing, Chairman (Jul 2016 – Present) Todd Axford, Consulting Geologist & Competent Person (Mar 2017– Present) Bachelor of Commerce (Honours), Executive MBA from the AGSM, with Over 25 years experience
Slide 4: Potential – Fifield A Proven Mining District for Copper and Gold
Potential – Fifield A Proven Mining District for Copper and Gold For personal use only Deposit size selected NSW deposits (combined production and remaining resource) Deposit Current Ownership Au Moz Cu Kt Other Cadia Group Newcrest 51.8 8446 McPhillamy's Regis Resources 2.9 64 North Parkes CMOC/Sum
Slide 5: Dual Strategy – Asset Monetisation and Discovery Growth
Dual Strategy – Asset Monetisation and Discovery Growth For personal use only Economic focus on the existing Sorpresa resource Sorpresa High grade opportunities Au +/- Ag Simple open pit solutions appraisal & Dual Strategy growth Outcome Success High Reward exploration upside for = Regional
Slide 6: Year Share Price Performance to October 2019
ASX:RIM 1 Year Share Price Performance to 31 October 2019 For personal use only Key Company Events over last year Nov 18 Closed Rights Issue $1.1m Jan 18 Senior Management and Board Changes Aug 19 Closed Rights Issue $0.8m Oct 19 Started Phase 1 Drilling Program Oct 19 Closed Investor-led
Slide 7: Strategy – Sorpresa Asset Monetisation
Strategy 1 – Sorpresa Asset Monetisation For personal use only Assess Sorpresa Resource to determine the viability of a higher grade, lower tonnage project, generating a positive cashflow return Integration of additional drilling (2014 and 2017) to better define higher grade zones Develop a conc
Slide 8: Updated (2019) Sorpresa Resource Estimate (JORC 2012)
Updated (2019) Sorpresa Resource Estimate (JORC 2012) Grade Contained Metal For personal use only Resource Cut off Category Mt g/t Au g/t Ag Koz Au Moz Ag Measured 0.162 2.88 53.5 15.0 0.28 Indicated 0.532 2.08 25.7 35.7 0.44 Gold 1.0 g/t Au Inferred 0.228 2.25 22.0 16.5 0.16 Total 0.922 2.27 30 67.
Slide 9: Updated Sorpresa Resource - Highlights
Updated Sorpresa Resource - Highlights For personal use only In November 2019 H&S Consultants complete an update of the Sorpresa Mineral Resource Estimate (JORC 2012) with 0.92Mt @ 2.3g/t Au and 30g/t Ag for 67koz gold (Au) and 0.9Moz silver (Ag) at 1.0g/t Au cut-off grade The Mineral Resource w
Slide 10: Strategy – Growth potential via large ore body discovery
Strategy 2 – Growth potential via large ore body discovery For personal use only Fifield project area has the right rocks under shallow cover (Ordovician Age Volcanics) with the potential to host large scale intrusion related mineral deposits such as Cowal & Northparkes porphyry systems that are wit
Slide 11: Phase Drilling Program – Northern Gold
Phase 1 Drilling Program – Northern Gold Northern Hole elevated gold For personal use only and copper geochemistry Southern Hole elevated zinc and lead geochemistry Indicates zone mineralisation more likely to the north Forward Plan – close spaced aircore drilling in vicinity northern hole t
Slide 12: IRGS Genetic Model and Conceptual Position of Some Rimfire Prospects
IRGS Genetic Model and Conceptual Position of Some Rimfire Prospects ASX Announcement: Sorpresa Basin IRGS Model 15July2019 For personal use only 12
Slide 13: Phase Drilling Program – Northern and Southern Area
Phase 1 Drilling Program – Northern and Southern Area For personal use only Northern Area 11 holes totalling 408m with an average depth of 37m Assays confirm elevated copper associated with a mafic diorite No significant alteration Technical Assessment in progress Southern Area 14 holes to
Slide 14: Key Catalysts and Milestones in the next months
Key Catalysts and Milestones in the next 12 months For personal use only Strategy 1: Sorpresa development appraisal and growth Sorpresa Resource – Pit Optimisation Study • Complete a pit optimisation on the updated Sorpresa resource estimate • Undertake metallurgical testwork to determine gravity
Slide 15: Rimfire Value Drivers Summary
Rimfire Value Drivers Summary In Ground For personal use only Location LTZ corridor - an excellent discovery setting (geology & structure) • World Class ore body potential (Gold – Copper footprint), nearby Cowal and Northparkes mines • Ordovician Volcanic age rocks under shallow cover at Fifield a
Slide 16: Thank you
Stay tuned for updates on future work programs ROADSIDE For personal use only Thank you Please contact us for more information ASX Code “RIM” www.rimfire.com.au Sign up to the Rimfire Website for news alerts rimfire@rimfire.com.au Ph: +613 9620 5866 16
Slide 17: Disclaimer and Competent Person Statements
Disclaimer and Competent Person Statements Competent Persons Declarations - Mineral Resources – Sorpresa For personal use only The information in this Report that relates to Mineral Resources for the Sorpresa deposit is based on information compiled by Mr Arnold van der Heyden, who is a Member and C
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