Resources & Energy Group Limited · ASX:REZ
Resources & Energy — Investor Presentation (April 2019)
34 slides from Resources & Energy's investor presentation, Apr 4, 2019
Slide 1: Building an Australian Gold Miner
Resources & Energy Group – ASX:REZ Building an Australian Gold Miner Acquisition and Capital Raising Presentation – April 2019 For personal use only
Slide 2: Overview - Development Strategy
Overview - Development Strategy Building a portfolio and team with strong upside potential For personal use only Fundamentals Immediate goals Corporate growth • REZ is building a portfolio of gold prospects with near Acquisition pipeline term development or high exploration • Acquisition of East Men
Slide 3: Asset Portfolio
Asset Portfolio Exciting portfolio with opportunity for near and mid term cash generation, paired with both potential for significant resources expansion and advanced exploration upside For personal use only Delivering on growth • East Menzies Gold Project , Menzies, WA • Over 20km of continuous str
Slide 4: Placement Details and Capital Structure
Placement Details and Capital Structure Capital raising • Raising up to $5M: Proforma Capital Structure For personal use only Placement of 100m shares at 5 cents each to raise $5M (currently in progress) Ordinary shares on issue: • Acquisition of East Menzies: Ordinary shares on issue 1 123.0m Compl
Slide 5: Use of Funds
Use of Funds Assuming maximum of $5m raised under the $000 % Summarised Statements of Financial Position Post placement (unaudited) and debt conversion2 For personal use only placement : Exploration and development activities at East 1,920 38% $000 Menzies Gold, subject to initial results.1 Investig
Slide 6: An Experienced Board and Team
An Experienced Board and Team Gavin Rezos Christian Price Chairman CEO (elect) For personal use only Gavin has extensive experience in the mining and resources Christian has over 15 years of operational, technical and management industry, including as former Director of Iluka Resources Limited exper
Slide 7: An Experienced Board and Team
An Experienced Board and Team For personal use only Michael Johnstone Virginia Bruce Geologist Director Michael has 37 years of mining and exploration experience in the Virginia has worked on the REZ gold projects since their inception. resources sector. During this time he has managed exploration p
Slide 8: Detailed Project Overview
Detailed Project Overview For personal use only 8
Slide 9: Project Pipeline
Project Pipeline Build existing resource base, add value to assets and move up pipeline For personal use only TIER 1- OPERATING MINES AND RADIO GOLD MINE PRODUCING ASSETS AND RESERVE GROWTH TIER 2- FEASIBILITY STUDY AND MOUNT MACKENZIE, GRANNY VENN RESERVE GENERATION CUT-BACK TIER 3 – PRE-FEASIBILIT
Slide 10: East Menzies Gold Project
East Menzies Gold Project Advanced exploration targets, huge potential in a known Mineral Field EAST MENZIES GOLD PROJECT – Menzies, Western Australia For personal use only • 130km North of Kalgoorlie, 3 ML’s, 1 MLA 29 PL’s, 1EL and 20 PLA’s encompassing over 20km continuous strike of a mineralised
Slide 11: East Menzies Gold Project – Advanced Projects (Goodenough)
East Menzies Gold Project – Advanced Projects Goodenough-Granted Mining Lease M29/141 • Historical Production • Surface: 8,453t @ 24.2g/t For personal use only • Underground: 19,328t @ 16.7g/t • Tribute mining (2011-2012): 2,204t@8.28g/t • Totaling 17,500oz • Exploration • 1987 Jones Mining 29 RAB a
Slide 12: East Menzies Gold Project – Advanced Projects (Granny Venn)
East Menzies Gold Project – Advanced Projects Granny Venn Open Cut-Granted Mining Lease M29/189 • Historical production GrannyVenn For personal use only • 60,200 oz - 532,000t @ milled head grade of 3.52g/t • Au recoveries through Paddington Mill 93% • Recent production Caesar • 2,000 oz - 27,000t @
Slide 13: East Menzies Gold Project – Advanced Projects (Maranoa)
East Menzies Gold Project – Advanced Projects Maranoa Mining Lease Application M29/427 For personal use only • Historical production • 8,510 Oz of gold at an average recovered grade of 28g/t. Milled on site • Exploration • In 1986, Callion Joint Venture carried out a programme of 42 RC holes along t
Slide 14: East Menzies Gold Project – Projects Pipeline
East Menzies Gold Project –Projects Pipeline Define, drill and develop a pipeline of projects – Priority targets For personal use only Aunt Kate • This line of significant mineralization lies south of Aunt Nellie Open Cut and is Spion Kopp and King Dam close to, and parallel with, the eastern contac
Slide 15: East Menzies Gold Project – Projects Pipeline E29/979
East Menzies Gold Project –Projects Pipeline Define, drill and develop a pipeline of projects – E29/979 For personal use only • Northern progression of Springfield Venn Corridor of gold mineralization. • 20km2 with over 6km strike of prospective greenstone terrane which hosts a number of artisanal g
Slide 16: Mount Mackenzie Gold Project
Mount Mackenzie Gold Project Medium term cash flow, add resource, test gold copper porphyry target MOUNT MACKENZIE GOLD PROJECT – Marlborough, Queensland For personal use only • 150 km NW of Rockhampton, 100,000 Oz, 26sqkm tenement package • In Connors Magmatic Arc, & New England Fold Belt region wh
Slide 17: Mount Mackenzie Gold Project – Operations in the Region
Mount Mackenzie Gold Project Operations in the Region For personal use only • Multiple major gold discoveries in North East Queensland including • Cracow - 2m Au oz • Mt Morgan 9m Au oz • Intrusive related porphyry and high level epithermal style mineralisation is developed along the length of the s
Slide 18: Recent acquisitions adjacent to the REZ lease holdings
Mount Mackenzie Gold Project Recent acquisitions adjacent to the REZ lease holdings For personal use only Evolution Mining (EVN:ASX) – Acquisition of Conner's Arc Project Area (surrounding Mt Mac) (6) • Mount Mackenzie is located in the Connors Magmatic Arc of the New England Fold Belt. • Conner's A
Slide 19: Mount Mackenzie – Scoping study pending
Mount Mackenzie Gold Project – Development Scoping study pending, definitive feasibility study & drill additional targets North Knoll and South West Slopes – Scoping Study For personal use only Pending • 500+ historical drill holes to 100m plus recent program • Indicated and Inferred Resource (JORC
Slide 20: Mount Mackenzie – Exploration drill program targeting Gold and Copper
Mount Mackenzie Gold Project – Development Exploration drill program targeting Gold and Copper Clive Creek For personal use only • Clive Creek comprises two prospects, Quinine Gully and Sphinx Hill 6km north of Mount Mackenzie • Alteration is of comparable scale to Mount Mackenzie, potential to host
Slide 21: Gold Copper Porphyry System
Mount Mackenzie Gold Project – Development Gold Copper Porphyry System Instinct Prospect For personal use only • The MMGP permits are prospective for high sulphidation epithermal Gold and Silver mineralization. Breccia and porphyry style Gold mineralization with a poly-metallic (Pb, Zn, Ag, Cu) asso
Slide 22: Radio Gold Mine – Summary
Radio Gold Mine – Summary Recent ore development, underexplored, multiple targets For personal use only RADIO GOLD PROJECT – Bullfinch, Western Australia • 40km North of Southern Cross, on strike of Southern Cross Greenstone Belt in the Yilgarn Craton. The province is estimated to have produced 10.0
Slide 23: Radio Gold Mine – Underground
Radio Gold Mine – Underground Successful Ore production and gold delivery Radio Main Lode and East Lode For personal use only • Radio Gold Mine approved and bulk sampled to define the ore body • Southern Ore drives have been developed 80m South of workings, extending the resource • Channel sampling
Slide 24: Radio Gold Mine – Exploration and target prospects
Radio Gold Mine – Exploration and target prospects 6 Additional Targets including Radio Deeps and Repeater, unknown extents and depths of Radio Main and East For personal use only • Exploration program being developed to; • Determine and extend Radio Main resource. • Drill additional ore bodies of R
Slide 25: Appendix A - Group Summary
Appendix A - Group Summary JORC 2012 Resource Summary For personal use only Resources and Energy Group Limited - Mineral Resources - JORC 2012 Deposit Indicated Inferred Total kt g/tAu koz Au kt g/tAu koz Au kt g/tAu koz Au Mount MacKenzie 1,150 1.33 49.0 1,220 1.30 51.0 2,370 1.31 100.0 Radio Gold
Slide 26: Appendix B – Mount Mackenzie
Appendix B – Mount Mackenzie JORC 2012 Gold and Silver Resource tables For personal use only Gold Mineral Resources Material Cut-off Indicated Inferred Total Resources (g/t Au) kt g/t Au koz Au kt g/t Au koz Au kt g/t Au koz Au Oxide 0.43 450 1.18 17 520 1.18 20 970 1.18 37 Primary 0.58 700 1.42 32
Slide 27: Appendix C – Radio Gold Mine
Appendix C – Radio Gold Mine JORC 2012 Gold Resource table For personal use only Radio Gold Mine - Resources Lode Cut-off Indicated Inferred Total Resources (g/t Au) kt g/t Au koz Au kt g/t Au koz Au kt g/t Au koz Au Main Lode 1.0 25.8 3.81 3.2 76.1 3.47 8.5 101.9 3.55 11.6 East Lode 1.0 24.5 5.33 4
Slide 28: Appendix D – Sampling for the maiden resource
Appendix D – Sampling for the maiden resource All recent development areas channel sampled – high grade potential has been realised For personal use only • Underground channel sampling program • Channel sampling in a regular grid pattern has been undertaken throughout the recently excavated undergro
Slide 29: Appendix E – Radio Gold Mine – JORC 2012 Resource
Appendix E – Radio Gold Mine – JORC 2012 Resource 28,000 Ounce Gold Resource defined for East Lode & West Lode Resource Model update For personal use only • Resource model has developed from historic exploration records and recent geological sampling programs • Geological understanding of the orebod
Slide 30: Appendix F – Radio Gold Mine Resource Target
Appendix F – Radio Gold Mine Resource Target Radio Deeps and Radio Repeater Extensions to Mineralisation For personal use only Radio Mine and Radio Deeps potential intersection at depth and Repeater along strike 420m • Initial testing of the Radio Deeps lode have indicated a continuation at depth •
Slide 31: Appendix G – East Menzies Resources Estimate
Appendix G – East Menzies Resources Estimate Disclosures on previously released resource estimates The resource estimate provided for East Menzies prospect Goodenough (GE Estimate) was reported by its previous owners, Yilgan Gold For personal use only • Limited (ASX:YGL) on 23 March 2004 and Stratum
Slide 32: Appendix G – East Menzies Resources Estimate
Appendix G – East Menzies Resources Estimate Disclosures on previously released resource estimates It is the opinion of Stephen Hyland that no significant changes have occurred or are required such that the historical reported Goodenough For personal use only • Estimate now needs significant revisio
Slide 33: Appendix H – Exploration Activities
Appendix H – Exploration Activities Proposed exploration program and resource growth timeline East Menzies Gold Project $500k Approved programs of work in place for project areas For personal use only • Q2 2019 Drill program to commence immediately Collate geological data for all deposits and build
Slide 34: Disclaimer and Consent
DISCLAIMER AND CONSENT The material in this presentation has been prepared by Resources & Energy Group Limited (“Company”) For personal use only This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for an
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