Renascor Resources Ltd · ASX:RNU
Renascor Resources — South Australian Resources and Energy Investment Conference 2015
23 slides from Renascor Resources's conference presentation, Apr 14, 2015
Slide 1: The Eastern Eyre Copper Project
Renascor Resources Limited ASX code: RNU For personal use only The Eastern Eyre Copper Project Presented at the South Australian Resources and Energy Investment Conference Adelaide, 14 April 2015 David Christensen, Managing Director Renascor Resources 1
Slide 2: Eastern Eyre project: Advanced, Large-Scale Copper Prospect
Eastern Eyre project For personal use only Advanced, Large-Scale Copper Prospect - Recent drilling confirms Extension Tank as major IOCG prospect - IOCG alteration and strong copper (8m @ 0.45% Cu) over standout gravity anomaly - Similar signature to IOCG projects in district (e.g., Prominent Hill)
Slide 3: Corporate profile
Corporate profile For personal use only Board of Directors Stephen Bizzell (Chairman) • ASX code RNU David Christensen (MD) • Shares on issue 136.9m Geoff McConachy • Options 0.75m(1) • Performance Rights 2.0m(2) Chris Anderson • Cash (31 Dec 14) ~$0.6m Andrew Martin • Share price (10 Apr 15) $0.026
Slide 4: Olympic Dam Belt
Olympic Dam Belt Major copper province For personal use only Prominent Hill 210 Mt @ 1.22% Cu from ~100m depth, discovered 2001 Olympic Dam 9,500 Mt @ 0.82% Cu from ~300m depth, discovered 1975 Carrapateena/Khamsin 1,000 Mt @ 0.80% Cu from ~500m depth, discovered 2005 Hillside 330 Mt @ 0.6 % Cu from
Slide 5: Compared to other large Cu deposits in region
Eastern Eyre Project Compared to other large Cu deposits in region For personal use only Renascor’s Eastern Eyre Large copper deposits in South Australia Project Location: Olympic Dam corridor ✔ Geology: Host rock associated with Hiltaba granites ✔ Geologic Geology: Gawler Range Volcanics ✔ signatur
Slide 6: Advanced IOCG prospect
Extension Tank Advanced IOCG prospect For personal use only Distinctive, highly prospective IOCG prospect - Few targets in Olympic Dam domain demonstrate combination of: gravity + magnetics + copper + IOCG alteration Next steps: Drill for ore- grade copper in untested high density zones Rena
Slide 7: Standout gravity anomaly
Extension Tank Standout gravity anomaly For personal use only - High amplitude (6MGal) gravity anomaly - Discreet gravity signature within Roopena fault zone - Coincident magnetic response in southern target area Limited shallow drilling has not explained Extension Tank prospect, gravity image showi
Slide 8: Gravity anomaly adjacent to magnetic zone
Extension Tank Gravity anomaly adjacent to magnetic zone For personal use only - Gravity–magnetic association typical of IOCG - Magnetite alteration overprinted by hematite - Directly comparable to Prominent Hill IOCG deposit (Oz Minerals) Highly prospective for large, hematite-dominant IOCG Extensi
Slide 9: Recent drill results
Extension Tank Recent drill results For personal use only Strong copper and hematite alteration - Hole RC001: sulphide mineralisation, including 8m at 0.45% Cu (from 64m) - Hole RC002: hematite alteration and anomalous Cu from 120m to end-of-hole (162m) Distinctive combination of Hole 14RETRC001. Sa
Slide 10: Gravity data shows large-scale potential
Extension Tank Gravity data shows large-scale potential For personal use only Large anomaly remains open - Renascor holes tested only upper portion of high-density zones - Vertical gradient processing indicates possible E-W structurally controlled density distribution High density zones remains unte
Slide 11: Comparison to other hematite IOCGs
Extension Tank Comparison to other hematite IOCGs For personal use only Khamsin deposit* - Early results: initial gravity targets intersect IOCG alteration and low-level (<0.2%) copper (SASC-04,KH001,KH002) - Led to nearby discovery hole within western margin of gravity anomaly (KMS008) Extension Ta
Slide 12: "Discovery phase" drill targets
Extension Tank “Discovery phase” drill targets For personal use only Drill ready targets -“Typical” IOCG distribution of magnetite, hematite and sulphides, offers multiple discovery phase targets: Two large-scale high density zones Induced polarisation zone Magnetic zone High potential for Pro
Slide 13: Next phase drill targets: high density zones
Extension Tank Next phase drill targets: high density zones For personal use only - Core high-density zones - Ample scale for large IOCG untested deposit - Shallow (~200m) target depth - Immediate drill-ready targets Extension Tank – Gravity contours (vertical Extension Tank – North-south section, g
Slide 14: Next phase drill targets: IP chargeability zone
Extension Tank Next phase drill targets: IP chargeability zone For personal use only IP targets - Tested by WMC in 1990s - Renascor’s recent drilling suggests WMC’s shallow drilling did not reach fresh basement - Untested sulphide target beneath earlier drilling (from ~60m) Drill ready targets for c
Slide 15: Prospect pipeline
Eastern Eyre Project Prospect pipeline For personal use only Additional high-priority copper targets for 2015 - Roopena-Angle Dam fault (+40km) - Mineralised system with limited exploration - On-going reconnaissance programs have upgraded multiple gravity/magnetic targets - Initial drill-testing lat
Slide 16: Northern gravity prospects
Eastern Eyre Project Northern gravity prospects For personal use only Laura Ozone Renascor Resources 16
Slide 17: Northern gravity prospects: Ozone/Laura
Eastern Eyre Project Northern gravity prospects For personal use only Laura Ozone/Laura - Coincident gravity/magnetic targets in Roopena fault zone - Along-strike from Extension Tank and Spencer - Structural setting comparable to WMC’s historic Spencer IOCG prospect, but with stronger Ozone geophysi
Slide 18: Highway prospect
Eastern Eyre Project Highway prospect For personal use only Highway prospect, showing copper in soils and residual gravity counters (0.5 Mgal intervals) Renascor Resources 18
Slide 19: Highway prospect: coincident gravity/geochemical target
Eastern Eyre Project Highway prospect For personal use only Coincident gravity/ geochemical target - Northwest of Extension Tank along regional fault trend - Immediately northeast of Arrium’s Iron Knob iron mine - High amplitude (3MGal), 2km gravity target - Anomalous copper (+50 ppm) from soils ove
Slide 20: Southern fault trend
Eastern Eyre Project Southern fault trend Untested For personal use only geophysical targets - Multiple prospects identified within fault trend along- strike from Extension Tank/1050 East - Limited/no drilling - Cocoa Dam: magnetic anomaly along Angle Dam fault trend - McMahons: coincident gravity/m
Slide 21: Southern fault trend
Eastern Eyre Project Southern fault trend For personal use only Untested geophysical prospects - Multiple prospects identified within fault trend along- strike from Extension Tank - Limited/no drilling - Cocoa Dam: magnetic anomaly along Angle Dam fault trend - McMahons: coincident gravity/magnetic
Slide 22: Summary
Summary For personal use only Major IOCG prospects - Extension Tank - Olympic Dam copper belt - Management successful in target region Pipeline of new, untested targets Major discovery opportunity from next- phase drilling Renascor Resources 22
Slide 23: Important notice
Important notice For personal use only Forward Looking Statements This Presentation may include statements that could be deemed “forward-looking” statements. Although Renascor Resources Limited (the “Company”) believes the expectations expressed in such forward-looking statements are based on reason
Renascor Resources — South Australian Resources and Energy Investment Conference 2015 on 6ix