Redstone Resources Limited · ASX:RDS
Redstone Resources — Shareholder Meeting (November 2008)
34 slides from Redstone Resources's shareholder meeting presentation, Nov 27, 2008
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 27th November, 2008
Slide 2: West Musgraves Project
WEST MUSGRAVES PROJECT World Class Giant Ni-Cu-PGE Deposits and IOCG Deposits For personal use only • Giles Mafic-Ultramafic Complex • Triple Point Junction • Coherent and Large Ground Position • Lack of Prior Exploration • Excellent Relations with the Indigenous Owners
Slide 3: Redstone Tenement Holding (6740km2)
REDSTONE TENEMENT HOLDING (6740km2) For personal use only Joint Venture tenements Figure: Geological map of West Musgraves showing Redstones tenements in 2006 and location of known 5 tenements Ni mineralisation granted during 2008 for(red dots) a total of 1206km2
Slide 4: Work Program Completed in 2008
WORK PROGRAM COMPLETED IN 2008 • Access and Clearances over 1700km2 For personal use only • Mapping at Halleys, DML and Antlion prospects • Detailed ground magnetics at Stripeys and El Cortez (400 line km) and heli- supported gravity completed for the Baggaley Project • 9000 geochemical sampling col
Slide 5: Redstone Access and Clearances
REDSTONE ACCESS AND CLEARANCES For personal use only Tenement Clearance Access Figure: Geological map of West Musgraves Access agreements showing and clearances Redstones tenements in 2006allow and on-ground exploration. location of known Ni mineralisation (red dots)
Slide 6: 2008 Geochemical Coverage
2008 GECHEMICAL COVERAGE For personal use only Tenement Clearance Access Figure: Geological map of West Musgraves showing Redstones tenements in 2006 and location of known Ni mineralisation (red dots)
Slide 7: Results – Principal Targets
RESULTS – PRINCIPAL TARGETS Alystra PGE PGE--Cu For personal use only El Cortez Ni Laterite Stripeys Ultramafic Ni-Cu PGE, Ni Laterite Ni- Halleys Titan Ni-Cu Ni- Cu--PGE Cu-PGE Cu- Redrock Ni--Co Ni Tollu Cu Prospect Aladdin Deposit Pb-- Zn Pb Antlion Ni-Cu Ni- Cu--PGE Baggaley Hills gravity-magnet
Slide 8: Saturn Layered Intrusion Ni-Cu-PGE Corridor
SATURN LAYERED INTRUSION Ni- Ni-Cu- Cu-PGE CORRIDOR Saturn Intrusion similar size and type to McIntosh/ For personal use only Panton Sill (Sally Mallay) Numerous strong PGE and Ni-Cu-PGE anomalies over 10km strike on SW contact (largely under cover) SATURN A large gossan at Halleys was drilled produ
Slide 9: Halleys RAB Drill Results – Pipe-like Cu-Ni-PGE Body
HALLEYS RAB DRILL RESULTS – PIPE-LIKE Cu-Ni-PGE BODY WITH Cu-PGE rich zone For personal use only Cu-PGE-Ni rich zone Ni rich zone RAB Drill Hole RAB Drilling has highlighted a pipe geometry to the mineralized body with a diameter of approximately 300m with best grades on margin 100 m
Slide 10: Halleys RAB Drill Results - Section
HALLEYS RAB DRILL RESULTS - SECTION Large thickness of disseminated Cu-Ni-PGE mineralization For personal use only 74m @ 0.33% Cu, 0.08% Ni and 0.24g/t PGE (BSC003) open at depth 26m @ 0.44% Cu, 0.08% Ni and 0.39g/t PGE + Au (BSB512) 16m @ 0.50% Cu, 0.11% Ni and 0.53g/t PGE + Au (BSB524) 19m
Slide 11: Halleys NW PGE Reef Drilling
HALLEYS NW PGE REEF DRILLING For personal use only 2007 Drill program 2008 Drill program Last PGE REEF Frontier Pt + Pd + Au Halleys NW Halleys
Slide 12: Stripeys Ultramafic Layered Intrusion
STRIPEYS ULTRAMAFIC LAYERED INTRUSION Layered ultramafic intrusion >3.35km thick highly prospective for Ni-Cu-PGE deposits along the basal contact For personal use only The intrusion is upward flaring conduit with 10km basal contact. Ni mineralisation, with a peak value of 0.89% Ni near the base col
Slide 13: Stripeys Ultramafic Layered Intrusion
STRIPEYS ULTRAMAFIC LAYERED INTRUSION SOIL SAMPLE For personal use only XRF sample Geochemical ANOMALY Ni > 1000 ppm Cu > 100 ppm GEOLOGY SIMPLIFIED Ultramafic contact Granite contact
Slide 14: DML JV EM Targets
DML JV EM TARGETS Redstone’s assessment of 33 airborne EM For personal use only anomalies defined by Falconbridge and Discovery Metals highlighted multielement geochemical anomalies, including: • Déjà vu 734ppm Ni, 167ppm Cu, 537ppm Pb • Dragonfly 2.2% Ni and 2.9% Co • El Cortez 718ppm Ni, 651ppm Cu
Slide 15: El Cortez RAB Drill Results
EL Cortez RAB drill results Isolated EM conductor defined by Falconbridge For personal use only Peak DLag values of 718ppm Ni and 651ppm Cu with 31ppb PGE 1.6km south Peak RAB values of 0.55% Ni, 0.23% Co, 0.37g/t PGE+Au and 0.05% Cu RAB drilling at El Cortez peak intercepts: • 4m @ 0.32% Ni and 0.3
Slide 16: Baggaley Hills IOCG and Ni-Cu-PGE Project (1668 km2)
BAGGALEY HILLS IOCG and Ni- Ni-Cu- Cu-PGE PROJECT (1668 km2) Two coincident gravity and magnetic anomalies define For personal use only Olympic Dam-style IOCG targets. Modelling by Newmont validates the target Numerous circular magnetic features are IOGC targets (i.e. the Twins) and many small Giles
Slide 17: Antlion Intrusion Model – Comparison with Keivitsa, Finland
ANTLION INTRUSION MODEL – COMPARISON WITH KEIVITSA - FINLAND 2000 m For personal use only At Keivitsa, 1000m measured and indicated 287Mt @ 0.22%Ni, 0.32% Cu, 0.33g/t PGE + Au To 300m (open pit) measured and indicated 70MT @ 0.31% Ni, 0.43% Cu and 0.71g/t PGE + Au
Slide 18: Antlion Intrusion – Ni-Cu-PGE Targets
ANTLION INTRUSION – Ni- Ni-CU- CU-PGE TARGETS Peak rock chips of 0.13% Cu and 0.385g/t PGE 2km For personal use only Aeromagnetic Image (TMI) of the Antlion Intrusion. >100ppm Cu anomaly over 5km strike identified during helicopter reconnaissance sampling in 1 day.
Slide 19: Tollu Mining Centre Cu Geochemistry and Structural Setting
TOLLU MINING CENTRE CU GEOCHEMISTRY AND STRUCTURAL SETTING For personal use only Tollu Mining Centre N Tollu Cu Soil anomaly along major structure on A-Type granite contact 2 km
Slide 20: Tollu Mining Centre - Cu Rock Chip Results, RAB Drilling and EM Anomaly
TOLLU MINING CENTRE - CU ROCK CHIP RESULTS, RAB DRILLING AND EM ANOMALY For personal use only Drill hole Peak intercepts: • 18m @ 0.62% Cu including 5m at 1.2% • 14m @ 0.29% Cu open at depth • 35m @ 0.18% Cu open at depth EM Anomaly (untested) N 200m
Slide 21: Conclusion 2008
CONCLUSION 2008 For personal use only • Improved understanding of Halleys, higher grade PGEs, pipe geometry better defined and concentric zoning, more accurate targeting and reduced risk • Identified drill ready targets at El Cortez (Ni, PGE, Cu, Co) • Added value to the Baggaley Project through acc
Slide 22: Work Required
WORK REQUIRED Demonstrated that there is potential to make a major World Class discovery on a number of our projects through ongoing exploration. The work required includes: For personal use only • RC/Diamond drilling Halleys Ni-Cu-PGE, Tollu Cu, Antlion, El Cortez, Stripeys and Baggaley IOCG target
Slide 23: Redstone Projects Brazil
For personal use only Redstone Projects Brazil Hardrock Phosphate Potash KCl.NaCl (source Florida Dept EPA) (source Potash One Inc)
Slide 24: Project Portfolio - Brazil
PROJECT PORTFOLIO - BRAZIL For personal use only Redstone Projects: K – Anebá Potassium Project P – Apuí Phosphate Project Fe – Pontal Iron Project Ni – Pimenteiras Nickel Project
Slide 25: Fertilizer Markets
FERTILIZER MARKETS • Brazil is the second largest importer of K in the world – For personal use only 5.8 Mt Potassium /year growing at 11% • Brazil imports U$1.1B/ year of phosphate materials which has increased 112% from 2006 to 2007 • Fertilizer Minerals have remained relatively unaffected by the
Slide 26: Apuí Phosphorite Project
APUÍ PHOSPHORITE PROJECT • 18 tenements covering 1770 km2 of the entire Jatuarana Sedimentary For personal use only Basin. • The Jatuarana Basin was discovered in 1980 and has never been studied again • The lower sequence of rocks in the Basin contains significant phosphorite and glauconite in Cambr
Slide 27: Apuí Phosphate Rock Chip Results
APUI PHOSPHATE ROCK CHIP RESULTS Project Boundary For personal use only Rock chips 7.4% and 9.3 % P2O5 Basin Boundary yellow
Slide 28: Upper Part of Phosphate Unit
UPPER PART OF PHOSPHATE UNIT For personal use only Weathered occurrence of phosphate – glauconite horizon Upper part of phosphate horizon
Slide 29: Anebá Potassium Project
ANEBÁ POTASSIUM PROJECT • 33 tenements covering 3060 For personal use only km2 over diapiric structures in the Anebá Sub Basin (27 granted) • 60km from two major K deposits totaling 1.146Bt @ 22.7 KCl (not developed due to location in Amazon River flood plain and depths of 950m to 1050m) • 60km from
Slide 30: Project Location
PROJECT LOCATION For personal use only Amazon Flood Plain Redstone Tenements Petrobas KCl Tenements 50km BHP etc Bauxite Tenements
Slide 31: Potassium in the Amazon Basin
POTASSIUM IN THE AMAZON BASIN Redstone Potassium Project is located in the Anebá Sub-basin adjacent to For personal use only the largest Potassium deposits in South America at depths of 950- 1050m : • FAZENDINHA: 520Mt @ 28.8% KCl (61B $US) • ARARI: 626Mt @ 17.7% KCl (44B $US) These are difficult de
Slide 32: Aneba Sub Basin Gravity
ANEBA SUB BASIN GRAVITY For personal use only 50km
Slide 33: Example of Dome Structure, Line 0070-0026
EXAMPLE OF DOME STRUCTURE, LINE 0070-0026 For personal use only 0.2 velocity 0.4 0.6 0.8 Estimated uplift is 250-300 metres
Slide 34: For personal use only
Redstone is committed to high-quality exploration both here in Australia and South America Our focus has been, and will be, to make a World Class discovery For personal use only The risk has been mitigated to a degree by diversification into several commodities We are trying to reduce the financial
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