Renascor Resources Ltd · ASX:RNU
Renascor Resources — Renaissance Uranium — South Australia's Resource and Energy Investment Conference 2012
21 slides from Renascor Resources's conference presentation, May 1, 2012
Slide 1: Exploration in South Australia's Olary Province and Gawler Craton
Renaissance Uranium Exploration in South Australia’s For personal use only Olary Province and Gawler Craton South Australia’s Resource and Energy Investment Conference 1 May 2012 Presentation by David Christensen Managing Director Renaissance Uranium
Slide 2: Important notice
For personal use only Important notice Forward Looking Statements This Presentation may include statements that could be deemed “forward-looking” statements. Although Renaissance Uranium Limited (the “Company”) believes the expectations expressed in such forward-looking statements are based on reaso
Slide 3: Corporate
For personal use only Corporate Board of Directors • ASX code RNU Stephen Bizzell (Chairman) • Shares on issue 114,000,000 David Christensen (MD) • Options 13,550,000 (@ $0.24) Geoff McConachy 750,000 (@ $0.054) Chris Anderson • Share price $0.066 * Andrew Martin • Market capitalisation $7.5 million
Slide 4: Highlights
For personal use only Highlights • 2010: Listed on ASX in December o $8 million raised in oversubscribed IPO o Greenfield exploration for uranium and IOCGU • 2011: Drill targets from reconnaissance exploration o Cutana: successful soil geochemistry creates multiple gold prospects o Gairdner: epither
Slide 5: Olary Province: Gold credentials
Olary Province Gold credentials For personal use only Olary Province (South Australia), showing RNU tenements and significant gold occurrences Renaissance Uranium 5
Slide 6: Cutana Project Overview
Cutana Project Overview For personal use only • 100% owned • Surrounding Exco and Polymetal’s White Dam gold mine • Target: White Dam-style, near-surface oxide gold • Shallow cover – effective geochemical sampling • Initial drill program Cutana Project, showing prospect locations underway ➣ Multiple
Slide 7: Exco and Polymetal's White Dam Gold Mine
Exco and Polymetal’s White Dam Gold Mine For personal use only • +$90 million profit to date1 • Average operating cost: $517/ounce2 • Near surface, dump leach project • 188,700 ounces Au @ 0.98 g/T2 o White Dam and Vertigo deposits 1 Source: Exco Resources Limited (EXS) Resources Roadshow Presentati
Slide 8: Cutana Project: 2011 gold geochemistry
Cutana Project 2011 gold geochemistry For personal use only • Multiple targets generated through multi-element soil sampling o Cost-effective geochemical sampling of basement o Not previously employed at less than 500 metres • Comparable gold geochemistry to adjacent deposits at White Dam • 2011 dri
Slide 9: Cutana Project: Drilling to date
Cutana Project Drilling to date For personal use only • 2,100m drilled in late 2011 o Testing anomalous zones of ~3 ppb Au • Gold mineralization at Heinrichs o 4m @ 0.35 g/T Au (from 6 to 10m) o 12m @ 0.23 g/T Au (from 20 to 32m) • Drilling recommenced in April o Focus on new Pinery Prospect Cutana
Slide 10: Pinery – major new prospect area
Cutana Project Pinery – major new prospect area For personal use only • December 2011 regional sampling program • ~2,000m x 500m area • Multiple zones of +20 ppb Au • Maximum value of 53 ppb Au • Initial drilling completed in April • Assay results pending Renaissance Uranium Strictly confidential 10
Slide 11: Pinery Prospect – comparison to White Dam
Cutana Project Pinery Prospect – comparison to White Dam For personal use only • Polymetal and Exco’s White Dam gold mine o Discovered in 1989 after extensive soil sampling o Hannaford pit: ~124,000 ounces of gold produced to date* o Ore body (left) roughly defined by soil gold geochemistry @ +10 pp
Slide 12: Pinery Prospect – comparison to White Dam
Cutana Project Pinery Prospect – comparison to White Dam For personal use only • Renaissance’s Pinery Prospect o Extensive soil gold geochemistry @ +10 ppb gold o Similar regolith environment o Opportunity for multiple White Dam-sized deposits o April 2012: early 1,100m drill test of extensive anoma
Slide 13: Cutana Project: Expansion potential
Cutana Project Expansion potential For personal use only Cutana and Outalpa project areas • Significant land position in two project • Soil sampling results pending from areas (Cutana and Outalpa) Outalpa Renaissance Uranium 13
Slide 14: Gairdner Project Overview
Gairdner Project Overview For personal use only • Large land position (1,072 km2) in Central Gawler Craton (SA) o EL 4675 (100%) o EL 4836 (earning 80%) • Targets: Epithermal silver and IOCGU • Exploration model o Lower Gawler Range Volcanics o Untested, high-amplitude magnetic anomalies Gairdner Pr
Slide 15: Gairdner Project: Epithermal silver
Gairdner Project Epithermal silver For personal use only • Geologic setting: Lower Gawler Range Volcanics • Comparable to Investigator Resources’ (ASX: IVR) Paris epithermal silver project • Historical surface sampling from Gairdner: 150 ppm Ag Gairdner Project. Geology plan showing extent regional
Slide 16: Gairdner Project: Epithermal silver – soil sampling
Gairdner Project Epithermal silver – soil sampling For personal use only • Strong silver anomalies • Peak value of 330 ppb Ag • Five discrete zones at +50 ppb Ag • Results compare favourably with soil geochemistry from IVR’s Paris prospect • Next steps o Assess pending assays o Infill sampling and d
Slide 17: Gairdner Project: Multiple drill-ready IOCGU targets
Gairdner Project Multiple drill-ready IOCGU targets For personal use only • EL 4675: Kokatha and Chitanilga magnetic anomalies o Strong magnetic relief o Parallel to the inferred margin of intrusive Hiltaba granites o IOCGU/skarn-style target • New joint venture ground (EL 4836) includes “Border Mag
Slide 18: Eyre Peninsula Projects
Eyre Peninsula Projects Strong tenement position in active area For personal use only Renaissance’s exploration tenements in Eastern Eyre Peninsula (in blue), showing locations for current resource projects; all tenements 100%-owned, except for EL 3978 (earning 75%) Renaissance Uranium Strictly conf
Slide 19: First-pass drilling at Pirie Basin Project
Eyre Peninsula First-pass drilling at Pirie Basin Project For personal use only • Sandstone-hosted uranium o Thick sequences of ISR-amenable sands o Elevated uranium intersections Elevated gamma response (≥75 ppm eU3O8) in 18 holes Three sandstone prospects identified for follow-up drilling • Ba
Slide 20: Tanners Dam: Volcanic-hosted uranium
Tanners Dam Volcanic-hosted uranium For personal use only • Central Gawler Craton (SA) • Drilling grant awarded under South Australian PACE initiative • Drill-ready target o Streltsovska style (world-class Russian uranium region: +500 million pounds) o Volcanic complex defined by high flourite and u
Slide 21: Year ahead: Substantial drilling in 2012
Year ahead Substantial drilling in 2012 For personal use only Key Project Proposed Program Pinery Prospect Gold Detailed soil sampling completed Olary Province 3,400m first-pass RC drilling (1,100m completed) 2,000m follow-up RC drilling Cutana/Outalpa Detailed sampling completed (assays pending) Go
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