Mount Ridley Mines Limited · ASX:MRD
Mount Ridley Mines — Shareholder Meeting (November 2016)
14 slides from Mount Ridley Mines's shareholder meeting presentation, Nov 28, 2016
Slide 1: Mount Ridley Mines Limited Presentation November 2016
For personal use only Mount Ridley Mines Limited Presentation November 2016
Slide 2: Mt Ridley Project Location
Four granted tenements in the Albany For personal use only Fraser region. • E63/1547 • E63/1564 • E63/1617 • E63/1721 • All 100% owned. • No royalties. • Approx. 1000 sq.km in total area. • Road, rail, sea, local workforce and gas access Mt Ridley Project Location
Slide 3: Gravity Ridge is the place to be!
Nova For personal use only Norseman Mt Ridley Esperance Gravity Ridge is the place to be! Previously unrecognised segment of Fraser Zone: • Same geology, same tectonic environment, same prospectivity. • Multiple unmapped mafic-ultramafic intrusives. • Almost completely unexplored.
Slide 4: For personal use only
Mine Heavy concentration of massive sulphide??? For personal use only The Right Amount Concentration of The Right Massive sulphide??? Processes (WE ARE HERE) (Or here) Formation of magmatic The Right nickel sulphide Chemistry (Or here) Intrusion of voluminous The Right varitextured olivine-bearing R
Slide 5: Target MRDD017 Depth 410m
Target 19 For personal use only MRDD017 Depth 410m True magmatic nickel-copper sulphide: • Right mafic host rocks √ • Right geochemical processes to form nickel sulphides √ • Right geological processes to concentrate sulphides??
Slide 6: Target Intrusive and Nova Intrusive
Target 19 Intrusive For personal use only Nova Intrusive True magmatic sulphide: • Right geological processes to concentrate sulphides??
Slide 7: Mt Ridley Project Regional Aeromagnetic Image
Target 19 • Detailed low level Drilling area 100m spaced survey For personal use only • 37 targets identified, 7 targets rated high priority • Only 3 targets have seen any ground work, great majority of work on one part of Target 19 only • Magnetics coupled with gravity data allows rapid focus of de
Slide 8: New gravity anomaly cluster
ASX Announcement 13th September 2016 For personal use only • Three near surface (100- 200 metres depth) gravity anomalies identified south New gravity anomaly cluster of Target 19 and Target 2 Dense Mafic- with high modelled specific Ultramafic gravity readings. Intrusive Complex • Gravity anomalies
Slide 9: Zoomed Gravity Target Survey Program
Zoomed Gravity Target 19 Survey Program - BING satellite image insert For personal use only HP MLTEM 400m line spacing - 200x200m loops Current drilling area NEW Gravity high, discrete clusters interpreted to be discrete mafic- ultramafic intrusives Target 20 Allows rapid focus of Reconnaissance Hig
Slide 10: Aggressive / Progressive Exploration Strategy
For personal use only Aggressive / Progressive Exploration Strategy Coming 3 Months • Drilling HP DHTEM anomaly in MRDD016 –MRDD017 410m EOH • Replacement hole - MRDD018 Commencing shortly • Regional Gravity Survey – Completed Early December • HP MLTEM Geophysics over new gravity high clusters – Com
Slide 11: Nickel-Copper Sulphide Low Cost Producers
Nickel-Copper Sulphide For personal use only Low Cost Producers Resilient to the commodity cycle: • Natural Hedge • Cu, Co • (± PGE?, Au?) • Q1 C1 cost • High margins • Proven technology • Low capital risk • Simple metallurgy • Marketable product
Slide 12: Right Team, Right Plan, Right Funding, Right Location
RIGHT TEAM For personal use only RIGHT PLAN RIGHT FUNDING RIGHT LOCATION
Slide 13: Directors and Senior Management
For personal use only DIRECTORS AND SENIOR MANAGEMENT Michael Pedley - Non Exec. Chairman Ashley Hood - Managing Director Guy Le Page - Non Exec. Director Keith Bowker - Non Exec. Director & Company Secretary Tony Donaghy – Technical Expert (CSA Global) Russell Mortimer – Geophysics Consultant (Sout
Slide 14: Disclaimer
Disclaimer For personal use only Forward Looking Statements No representation or warranty, express or implied, is made by Mount Ridley Mines Ltd that the material contained in this presentation will be achieved or prove to be correct. Except for the statutory liability which cannot be excluded, each
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