Slide 1: High-impact gold exploration in Tier-1 jurisdictions
ASX l CDR New ASX-listed gold explorer Well funded explorer Highly leveraged to exploration success with $12m market cap High-impact gold exploration in Tier-1 jurisdictions 15th February 2022 www.codrusminerals.com.au admin@codrusminerals.com.au
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer • This presentation has been prepared by Codrus Minerals Ltd (Codrus or the Company) and contains information about Codrus current at the date of this presentation. The presentation is in summary form, has not been independently verified and does not purport to b
Slide 3: Codrus Minerals – a new gold-focused explorer on the ASX
Codrus Minerals – a new gold-focused explorer on the ASX Gold-focused exploration portfolio in Tier-1 Jurisdictions ● All Australian assets located in close proximity to existing operating assets ● Bull Run Project located in a historic gold-producing area in Oregon, USA ● All projects have demonstr
Slide 4: Red Gate Project – in the heart of the Edjudina mining centre
Red Gate Project – in the heart of the Edjudina mining centre Project in the highly-prized Edjudina Gold centre ● Maiden drilling program returns: o 23m at 3.82 g/t Au from 14m’s in hole RGRC002, including, o 5m’s at 14.29g/t Au from 27m’s o 24m at 1.04 g/t from 42m’s in hole RGRC003 ● 2,980m’s RC p
Slide 5: Red Gate Targets – Excellent intercepts at Porphyry West
Red Gate Targets – Excellent intercepts at Porphyry West • Significant high-grade intercepts hosted at the lower granite contact in RGRC002 and RGRC003 • Rapidly evolving understanding of the geological context, additional planned magnetics will aid interpretation www.codrusminerals.com.au 5
Slide 6: Red Gate Targets – Excellent intercepts at Porphyry West
Red Gate Targets – Excellent intercepts at Porphyry West • Mineralisation in RGRC011 above the granite contact is very encouraging for multiple setting for mineralisation • Porphyry West is very poorly tested at depth and along strike, excellent opportunity • The maiden program was also scoping in n
Slide 7: Middle Creek Project – in the heart of the Nullagine gold district
Middle Creek Project – in the heart of the Nullagine gold district Located in the rejuvenated Nullagine district ● 10km north-east of Novo Minerals Corp’ Nullagine Mill ● No drilling and four prospects with +1g/t Au rock chip samples ● In-fill soils program recently completed Work program in progres
Slide 8: Middle Creek Targets
Middle Creek Targets • Trenching will initially focus on: • Spud • Boris • Horse • Major 1 & 2 • Dolores A & B, and • Rangi • Covers a broad area with minimal historical attention • Drilling planned for May / June www.codrusminerals.com.au 8
Slide 9: Silver Swan South Project – Tier-1 gold and nickel address
Silver Swan South Project – Tier-1 gold and nickel address Along strike from Kanowna Belle gold mine (>5Moz) ● Fitzroy Fault – dominant control on mineralisation at Kanowna Belle ● Along trend of the Silver Swan nickel mine ultramafic suite Detailed Structural Review ● Identified potential settings
Slide 10: Bull Run Project (USA)
Bull Run Project (USA) Located in Baker City Oregon USA ● Claims over historic small scale mines ● No methodical modern exploration Work Program ● IP to test large disseminated mineralisation model ● Drill test +1g/t Au rock chips samples away from historic workings Significant historical Intercepts
Slide 11: Bull Run Project, Oregon USA – Work Program
Bull Run Project, Oregon USA – Work Program Bull Run interpreted Geology and Soil Anomalies Bull Run 3D DCIP survey layout, Dias Geophysics October 2021 Technical Program Commenced ● 12 additional new mineral claims pegged ● Low Noise deep 3D DCIP survey over initial core target area commenced ● Soi
Slide 12: Indicative Work Schedule
Indicative Work Schedule Project Q1-22 Q2-22 Q3-22 Q4-22 Silver Swan Drone Magnetic Interpretation, Drill Follow up RC Receive Assay South (Aus) Survey Planning Drilling Results Assays Received Receive Assay Red Gate (Aus) Drone Magnetics RC Drilling Drill Targeting Results Interpretation Structural
Slide 13: Corporate Summary
Corporate Summary Grass roots gold focused exploration Management Team portfolio in Tier-1 Jurisdictions Shannan Bamforth – Managing Director Aggressive exploration programs Mr Bamforth is a geologist with over 20 years’ experience in the Minerals industry. He has been responsible for developing the
Slide 14: Codrus Minerals – Key Investor Takeaways
Codrus Minerals – Key Investor Takeaways Well-funded following $8m IPO, leveraged to exploration success ● Market cap of $10.5m ● $6.0m in cash (at the end of December) ● Highly leveraged to exploration success – 75m shares out, no vendor shares Walk-up drill ready targets with aggressive work progr
Slide 15: Contact Details
ASX l CDR Contact Details Suite 3, Level 3, 24 Outram Street, West Perth, WA, 6005 PO Box 1175, West Perth, WA, 6872 +61 8 6424 9017 +61 8 6500 9982 www.codrusminerals.com.au www.codrusminerals.com.au 15
Slide 16: Codrus Minerals l Competent Person’s Statement
Codrus Minerals l Competent Person’s Statement Competent Person Statement • The information in this report that relates to Exploration Results is based on information compiled by Mr Shannan Bamforth who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Bamforth is a permanent em