Rimfire Pacific Mining Limited · ASX:RIM

Rimfire Pacific Mining — Shareholder Meeting (November 2016)

56 slides from Rimfire Pacific Mining's shareholder meeting presentation, Nov 22, 2016

  1. Slide 1: Progress through Partnership at Fifield NSW

    rimfire pacific mining nl (ASX “RIM”) For personal use only Progress through Partnership at Fifield NSW John Kaminsky CEO & Managing Director AGM 22nd November 2016 Rimfire - New Gold Inc. Sorpresa Roadside Ben Hur Copper-gold 1

  2. Slide 2: Disclaimer

    Disclaimer  Disclaimer: This presentation contains “forward looking statements” as defined or implied in common law and within the meaning of the Corporations Law. Such forward looking statements may include, without limitation, For personal use only (1) estimates of future capital expenditure; (2)

  3. Slide 3: Presentation Outline

    Presentation Outline For personal use only 3

  4. Slide 4: Project Focus – Fifield NSW

    Project Focus – Fifield NSW New Gold Inc. For personal use only The Peak Mines Cobar Nyngan New ELA 5368 Narromine Sorpresa (gold and silver discovery)  Emerging Polymetallic mineral district Fifield  Gold, Silver, Platinum, Copper  Multiple Deposit styles Trundle  8 Exploration License (&ELA’s)

  5. Slide 5: Project Focus – Fifield NSW - LTZ

    Project Focus – Fifield NSW - LTZ  LTZ Corridor of Faults For personal use only  Gold with Copper emerging on East margin  Eclipse, Yoes and Ben Hur areas  Expanded Tenement position (669km2) Deposit size selected NSW deposits (combined production and remaining resource) Deposit Current Ownershi

  6. Slide 6: Project Focus – East Lachlan Fold Belt

    Project Focus – East Lachlan Fold Belt Operating Mines For personal use only Major Cross structures at Fifield Tritton (Cu) Straits Resources Mt Boppy (Au) Southern Cross Goldfields Ltd COBAR – 2.2Mt Cu, >7.0Moz Au, >4.7Mt Zn, >2.8Mt Pb and 145Moz Ag (pre-mining) Hera / Nymagee (Au, Cu, Pb, Zn, Ag)

  7. Slide 7: Project Focus – Local District Neighbours

    Project Focus – Local District Neighbours For personal use only CleanTEQ (ASX: “CLQ”) -Syerston 28.2Mt @ 419ppm Sc for 11,819 tonnes of Scandium 77Mt @ 0.73% Ni & 0.13% Co 108.3 Mt @ 0.21 g/t Pt for 0.73 Moz of Pt Platina Resources (ASX: “PGM”) - Owendale 24Mt @ 380ppm Sc for 9,100 tonnes of scandiu

  8. Slide 8: Company Snapshot – November 2016

    Company Snapshot – 18 November 2016 For personal use only Shares on Issue 942M Ordinary FP; 52M options (3.5 cents, expire May 2017) Market Cap. Approx. $20.7M @2.2cents Volume last 12 months • Approx. 1.05Million shares/day • Largest 12.8Million shares/day; Shareholder Profile – 2049 plus sharehold

  9. Slide 9: Share Price Performance to Nov. 2016

    ASX:RIM Share Price Performance to 17 Nov. 2016 24 month period New Gold Inc 4m @ 6.5% Cu  Risk capital has returning (absent 4 years) For personal use only Regional Fortuna  Exploration Sector – off the bottom…  Liquidity and value decline, now improved  Gold and Silver Price – volatility remai

  10. Slide 10: Changing dynamic - not all about the Gold price?

    Changing dynamic - not all about the Gold price?  Exploration depressed last 4~5 years For personal use only  Majors discarded assets  Rise of the mid tiers  Evolution, Northern Star etc.  Producers looking for large replacement assets  Make or Buy (a gold mine) equation changes USD Gold Price

  11. Slide 11: Summary History and Context

    Summary History and Context  Rimfire has its Focus exclusively at Fifield NSW – in the LTZ Corridor For personal use only  LTZ Corridor - one of most important Copper/Gold corridors in the world (e.g. Newcrest-Cadia)  Fifield is the oldest Platinum mined area in Australia – Rimfire has this area

  12. Slide 12: Company Vision and Strategy

    Company Vision and Strategy  Demonstrate Multimillion Ounce gold equivalent potential  Regional Discoveries within 6km radius of Sorpresa For personal use only  Focus on Gold, Silver, Copper & Platinum – Good suite of metals  Build the district branding  Attract potential partners – We have bee

  13. Slide 13: Commercial/Corporate Milestones - 2016

    Commercial/Corporate Milestones - 2016  Rimfire Strategy Being Delivered For personal use only  Sorpresa assessment continued in parallel with regional discovery  Enhancing the Fifield District Branding - attracting partner and value  Risk mitigation using a prospect portfolio approach  Partner

  14. Slide 14: Key Technical Milestones – 2016

    Key Technical Milestones – 2016  Established the Sorpresa 7km x 2km North-South Gold Corridor Concept For personal use only  Sorpresa Style geology expanded 11km 2 to 18km2  Only 10% of estimated geology tested  Contains the Fortuna Area gold anomaly  Sorpresa likely part of a much bigger syste

  15. Slide 15: New Gold Inc. Background and Relevant Experience

    New Gold Inc. Background and Relevant Experience  New Gold Inc. (TSX:NGD) (NYSE MKT:NGD), CAD$2.6billion, gold (& copper) producer & developer For personal use only  Portfolio of four producing assets and two significant development projects  Producers are New Afton Mine in Canada, Mesquite Mine

  16. Slide 16: New Gold Inc. Partnership Deal Outline

    New Gold Inc. Partnership Deal Outline  A$0.5 million equity investment in Rimfire shares at 2.1 cents For personal use only  Same as SPP price  New Gold Minimum spend $2m in the first year  No withdrawal rights  New Gold may elect to spend a further A$5 million within the first three years  T

  17. Slide 17: New Gold Inc. Public Comments

    New Gold Inc. Public Comments “The Fifield earn-in fits New Gold’s strategy of disciplined growth in stable jurisdictions,” stated For personal use only Hannes Portmann, Executive Vice President, Business Development. “The Project offers excellent potential for significant new discoveries and resour

  18. Slide 18: Regional Exploration – within 6km radius

    Regional Exploration – within 6km radius For personal use only Sorpresa Deposit 7.9Moz Ag and 125kOz Au (0.5g/t Au @ 25g/t Ag cutoff)  New prospects  More insights developing  Sorpresa Corridor 6km  Important structural areas  Potential for large discoveries  Sorpresa the first, not the last 1

  19. Slide 19: Prospect Pipeline – November 2016 - Ranking

    Prospect Pipeline – November 2016 - Ranking For personal use only 19

  20. Slide 20: Advanced Regional prospects compared

    Advanced Regional prospects compared Table of Comparison of more Advanced Prospects within 6km Radius of Sorpresa Projects For personal use only Rock Chip Typical Typical Auger Anomaly RC Drill Historic Location Open Other g/t Au Soil ppb Au ppb Au Length (best to date) Workings Sorpresa 14 @ 24.4 g

  21. Slide 21: Discovery Growth – 2016

    Discovery Growth – 2016 Sorpresa Deposit 7.9Moz Ag and 125kOz Au Newly identified For personal use only New Area Mapping & Sampling Rift Basin (0.5g/t Au @ 25g/t Ag cutoff) geology and includes “Northern Gold Area” mineralisation Fortuna Drilling with Au potential RC Drilling at Roadside New Block E

  22. Slide 22: Discovery Growth – Sorpresa Corridor

    Discovery Growth – Sorpresa Corridor Sorpresa “proof of Concept” Au potential For personal use only Corridor 7km x 2km, North – South Orientation Fortuna Prospect stronger order geochem Gravity Repeat, Sorpresa style under cover? Intense Alteration zone Gold Porphyry target Multiple porphyry p

  23. Slide 23: Discovery Growth – Fortuna Prospect

    Discovery Growth – Fortuna Prospect For personal use only Geochem (typical Au 20~50ppb plus) > Sorpresa < 4 Scale 1.2km x 400m open, arcuate shape Intersection of structures Sheared, brecciated, intrusive driven Gold 5 stratigraphic holes – excellent geology 7 traverses to follow probing a lar

  24. Slide 24: Work programs conducted including…

    Work programs conducted including…  Data Integration and Concept Development Sorpresa Corridor For personal use only o 7km x 2km corridor o Stratigraphic Drilling on Fortuna Prospect Started  RC drilling within Roadside at Sorpresa o shallow oxide focus o BG area awaits  Interpretation & modellin

  25. Slide 25: Outcomes – New emerging Gold Areas

    Outcomes – New emerging Gold Areas For personal use only  Sorpresa corridor (7km x 2km) with prospective Au geology o Diversity of targets, based on geology, geophysics, geochemistry with gold signatures and structure o Fortuna 1.2km x 400m  Sorpresa style geology footprint now expanded from 11km2

  26. Slide 26: Regional Exploration – Auger & Soils

    Regional Exploration – Auger & Soils Sorpresa Resource 7.9Moz Jacks Lookout Ag and 125kOz Au For personal use only (0.5g/t Au @ 25g/t Ag cutoff) Glen Iris Golden Green Platina Golden Gillenbine Eclipse Green South Group Twin Shafts Platina Lead Au (ppb) in Auger Yarrabandi Road Carlisle 1km Gold geo

  27. Slide 27: Regional Gold Footprint – Rock Chips Shown

    Regional Gold Footprint – Rock Chips Shown Jacks Lookout Up to 5.7g/t Au For personal use only Glen Iris Up to 8.21g/t Au Up to 1.63g/t Au Up to 8.84g/t Au Golden Up to 6.19g/t Au Green Platina Golden Gillenbine Eclipse Twilight Dam Green South Up to Twin Shafts Group 3.4g/t Au Up to 1.27g/t Au Up t

  28. Slide 28: Regional Exploration – Copper Rockchips on Gold

    Regional Exploration – Copper Rockchips on Gold Sorpresa Resource 7.9Moz Ag and 125kOz Au Up to Jacks Lookout For personal use only (0.5g/t Au @ 25g/t Ag cutoff) 0.35% Cu & 1.1% Cobalt Up to 0.1% Cu Up to 0.04% Cu Glen Iris Up to 0.13% Cu Golden Up to Green 0.62% Cu Up to 0.29% Cu Platina Golden Gil

  29. Slide 29: Regional Magnetics – Auger & Soils, Gold

    Regional Magnetics – Auger & Soils, Gold Jacks Lookout For personal use only Glen Iris Golden Green Platina Gillenbine Golden Eclipse Green South Group Twin Shafts Platina Lead Au (ppb) in Auger Yarrabandi Road Carlisle 1km Sorpresa is the first discovery but likely not the last 29

  30. Slide 30: Eclipse - CO – Yoes Area Gold and Copper

    Eclipse - CO 2 – Yoes Area Gold and Copper Au (ppb) TWILIGHT DAM in Auger (1) Copper at Yoes - RC Chips hole Fi 0559 • Sulphide / Gossan Carbonate – Magnetite – Hematite – For personal use only Occurrences. Sulphide Vein Pyrite –Chalcopyrite – Chlorite - Carbonate Glen Iris • Rock Chips: 6.19g/t Au,

  31. Slide 31: Relationship of interpreted structures to major prospects on magnetic image

    Relationship of interpreted structures to major prospects on 1VD magnetic image NNE trending  Interpreted NNE trending structural For personal use only corridor structural corridor Scale 10km Ben Hur  Many prospects associated with the Eclipse Trend occur Interpreted LTZ position Intersection dire

  32. Slide 32: Ben Hur Copper prospect (10km NE of Sorpresa)

    Ben Hur Copper prospect (10km NE of Sorpresa)  Mapping identified 14 historic workings, ranging For personal use only from test pits to shafts (~25m deep) Shaft Spartacus Ben Hur Shaft Shaft  These workings centred on three ~20-30m wide N-S orientated near vertical shear zones, with mineralisation

  33. Slide 33: Rock Chip Locations and Significant Results

    Rock Chip Locations and Significant Results • 1.84% Cu • 14.35% Cu & 1.2g/t Au & 8.67g/t Ag • 1.81% Cu For personal use only  Part of a bigger trend? • 1.15% Cu & 0.87g/t Au & 7.52g/t Ag • 1.46% Cu & 0.137g/t Au • 1.43% Cu • 1.17% Cu  Leakage anomaly?  Area 650m x 250m open • 2.61% Cu, 1.28g/t •

  34. Slide 34: Significant Rock Chips

    Significant Rock Chips Chrysocolla- Azurite and Chrysocolla minor Malachite For personal use only Late stage cavity infill of Pyrite- Limonite after Chalcopyrite- Sulphide File name: xxx Chalcocite Created: xxx Content: xxxx Review: xxxx FIR1760: 14.35% Cu & 1.22g/t Au FIR1755: 5.44% Cu Chrysoco

  35. Slide 35: Relationship of interpreted structures and Cu rock chip geochemistry

    Relationship of interpreted structures and Cu rock chip geochemistry For personal use only Ben Hur  Significant Cu results Scale 10km located around the Glen Iris identified NNE trending structural corridor, with Transit few notable results outside of this zone Eclipse North Twilight Dam Moonrise E

  36. Slide 36: Relationship of interpreted structures and Bi rock chip geochemistry

    Relationship of interpreted structures and Bi rock chip geochemistry  The regional rock chip results for Bi For personal use only Ben Hur again exhibit a similar distribution to that observed for Cu and Ag Glen Iris  Most of the significant results occurring in proximity to the identified NNE Tran

  37. Slide 37: Summary and Exploration Significance

    Summary and Exploration Significance For personal use only  The NNE trending structural corridor appears to have an important association with mineralisation on a regional scale, with associated Cu-Au- Ag-Bi occurrences  The interplay between the LTZ and NNE structural corridor is an important exp

  38. Slide 38: Regional Targets on Magnetics

    Regional Targets on Magnetics  Strategic Holding in LTZ For personal use only Isolated high  Cu/Au/PGE Potential Sorpresa magnetic Au/Ag skarn targets  Hidden Major Ore Body Resource Potential (under cover) Potential skarns Area  Diverse Style of Interest Mineralisation likely  Mt Leyshon, Kids

  39. Slide 39: Magnetics & Radiometrics Expansion

    Magnetics & Radiometrics Expansion For personal use only  Expand the use of geophysics  16,000 line km 40m x 40m height  A proxy for geology  Greater definition on regional geophysics  Structure and target definition  Stitch with existing high quality Rimfire surveys 39

  40. Slide 40: Sorpresa – Gold and Silver High Grade Lenses

    Sorpresa – Gold and Silver High Grade Lenses RC Drilling High Grade Review and Roadside Ag / Au  Excellent correlation of Mineralisation to Gravity For personal use only discovery planning 2015~16 Original Sorpresa  Less than 10% of available Join Up geology tested (>18km2)  Potential extensions

  41. Slide 41: Sorpresa – Trench High Grade Work

    Sorpresa – Trench 31 High Grade Work For personal use only  Great frequency of High Au grades emerging  Shallow (0~40m mainly)  Look to grow ounces and grade  Seek vectors into new adjacent areas to grow tonnes  Metallurgy 95% Au recovery CIL  Internal scoping underway, plant, process and scal

  42. Slide 42: Sorpresa – Roadside High Grade Work 2016

    Sorpresa – Roadside High Grade Work 2016  Extend east to Fi 241 For personal use only  10m at 535g/t Ag, 1g/t Au  Only 7 current holes in 60m down dip  2,000 m (100m depths) infill  Gold zonation  South East?  Best Recent 1m @ 3170g/t Ag (6.24g/t Au) Fi 778 RC Drilling Lines Roadside Area for

  43. Slide 43: Sorpresa – Roadside High Grade Work 2016

    Sorpresa – Roadside High Grade Work 2016 For personal use only  West 144ppb in soil  Auger program west  Au anomalous  Eastern RC still 30g/t Au at 11m  Faulted, but does it continue west? 43

  44. Slide 44: Sorpresa – Regional Extensions Gravity

    Sorpresa – Regional Extensions Gravity  Excellent correlation of For personal use only Mineralisation to Gravity Roadside  Increased gravity relates to silicification. Boundary Gate Trench 31 Boundary Gate East 1st Vertical Derivative Gravity Image 44 Implicit Model is an interpretive exploration

  45. Slide 45: Sorpresa – Gravity Survey Extension & Infill

    Sorpresa – Gravity Survey Extension & Infill  Excellent correlation of For personal use only Sorpresa Deposit 7.9Moz Ag and Mineralisation to Gravity 125kOz Au (0.5g/t Au @ 25g/t Ag cutoff)  Increased gravity relates to silicification  Major 2km long, Subparallel target on a magnetic contact posi

  46. Slide 46: Priorities under review (with New Gold) for 2017

    Priorities under review (with New Gold) for 2017 Target # 1 Sorpresa Au/Ag Resource Estimate Eclipse Trend :Transit-GlenIris For personal use only 6.4 Mt for 7.9M oz of Ag and 125K oz of Au Soil Geochem Au/As/Pb/Cu (at 0.5g/t Au & 25 g/t Ag Cutoff) Epithermal Au/Ag/Basemetals Porph Cu /Au Target # 2

  47. Slide 47: Overall Considerations for 2017

    Overall Considerations for 2017 Approaches to be undertaken For personal use only Determination with New Gold - Complete Geology and area Interpretations, set priorities District surface sampling ongoing (creeks, soil; auger, RAB) geochemistry Implement more Geophysics, Magnetics/Radiometrics, possi

  48. Slide 48: Components of the Plans for 2017

    Components of the Plans for 2017 Regional Program Focus For personal use only Further Distillation from data review with New Gold will determine 7km x 2km Sorpresa Corridor Including Fortuna Area Copper Corridor Eclipse-Yoes Trends to Ben Hur Sorpresa as a repeat or leakage Anomaly with a deeper sou

  49. Slide 49: Rimfire…Value Drivers for Investors

    Rimfire…Value Drivers for Investors  Fifield NSW District within LTZ – The Right Address for World Class Discoveries For personal use only  LTZ is already host to many existing Copper-Gold mines – Recognised globally  Good infrastructure, road, power, skilled labour  Rimfire’s Project Area Under

  50. Slide 50: Rimfire…Value Drivers for Investors

    Rimfire…Value Drivers for Investors  Capacity for High Grade intersections, keep us on the radar For personal use only  Rimfire Bench Marked Superior to many Junior Peers  Market Capitalization and strong funding - respectable financial position  Efficiency (low overheads)  Performance (discove

  51. Slide 51: Thank you

    Please stay tuned for an exciting 2017 ROADSIDE For personal use only Thank you New Gold Inc. ASX Code “RIM” TSX Code “NGD” www.rimfire.com.au www.newgold.com rimfire@rimfire.com.au Ph+613 9620 5866 51

  52. Slide 52: Appendix – Additional Information

    Appendix – Additional Information ROADSIDE For personal use only Independent Industry Benchmark studies on Junior Resource Sector available at Rimfire website 14th Nov 2014 – Exploration Industry Presentation AGM Nov 2014 Mr Richard Schodde 27th Nov 2015 - Presentation Exploration Trends Richard

  53. Slide 53: Appendix-Sorpresa Maiden Resource

    Appendix-Sorpresa Maiden Resource  Maiden Inferred and Indicated Mineral Resource for the Sorpresa Deposit comprises; For personal use only  6.4Mt for 125kOz of gold and 7.9Moz of silver (at 0.5g/t Au & 25g/t Ag cutoff)  The Gold dominant portion of the Sorpresa system represents;  3.0Mt @ 1.06g

  54. Slide 54: Appendix-Sorpresa Maiden Resource

    Appendix-Sorpresa Maiden Resource For personal use only Table 1: Sorpresa Mineral Resource estimate reported under JORC 2012 Grade Contained Metal Resource Cut off Category Mt (g/t) Au (g/t) Ag Koz Au Moz Ag Indicated 2.0 1.14 27 73 1.7 Gold 0.5 g/t Au Inferred 1.0 0.9 12 29 0.4 Total 3.0 1.06 22 10

  55. Slide 55: Appendix Sorpresa –Oxide Metallurgy - 2013

    Appendix Sorpresa –Oxide Metallurgy - 2013  3 composite Oxide Zone Samples across Sorpresa For personal use only Trench 31 at 2m - Au in Silica  3 locations, 130m of mineralization, 30 drill holes  Standard 24 hr CIL test at 75 micron  Additional Test on Met1 - Silver Roadside* 1 mm  48 hour CI

  56. Slide 56: Appendix – Project Summaries

    Appendix – Project Summaries ROADSIDE For personal use only Project Name or Type Metals Current or target Comments Sorpresa Au, Ag 250,000 oz Au eq Resource & can grow Platina-Gillenbine 1 Pt 0.8 ~ 1.0M oz target Bulk sampling proof of concept Regional Portfolio 2 > 30 Au, Cu Multi Million Ounce Tar

Rimfire Pacific Mining — Shareholder Meeting (November 2016) on 6ix