Renascor Resources Ltd · ASX:RNU
Renascor Resources — Australian Copper Conference 2014
19 slides from Renascor Resources's conference presentation, Jun 18, 2014
Slide 1: New Copper Discovery in the Olympic Dam Copper Belt
Renascor Resources Limited ASX code: RNU New Copper Discovery in the Olympic Dam Copper Belt Presented at the Australian Copper Conference 2014 Brisbane, 17-18 June 2014 David Christensen, Managing Director Renascor Resources 1
Slide 2: Important notice
Important notice 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 reasonable assumptions, such
Slide 3: Investment summary
Investment summary New Copper Discovery • High-grade mineralised system adjacent to untested fault zone • Discovered in first target drilled – 1050 East prospect • 13m at 1.45% Cu, 66 ppm Ag and 0.17% Co (from 215m) (EEDD012) • Potential for large-scale, near-surface copper resource Dominant Ground
Slide 4: Corporate profile
Corporate profile Board of Directors Stephen Bizzell (Chairman) • ASX code RNU David Christensen (MD) • Shares on issue 131.4m(1) Geoff McConachy • Options 6.2m(2) Chris Anderson • Cash (31 Mar 14) ~$1.0m(3) • Share price (12 Jun 14) $0.050 Andrew Martin • Market capitalisation $6.6m • Enterprise Va
Slide 5: Copper in South Australia
Copper in South Australia Targeting new exploration prospects • South Australian copper - One giant deposit (Olympic Dam) - Few mid-tier copper deposits • Copper under-represented - South Australia should include more deposits - Australia’s most significant copper discoveries since 2001 • New prospe
Slide 6: Eastern Eyre Project
Eastern Eyre Project Overview Tenements & ownership EL 4721, EL 5012 and EL 5236 (100%), EL 5400 and 5401 (option to earn 100%) Location Southern Gawler Craton Area 1,534 km2 Primary target Copper Favourable exploration location Olympic Dam copper belt Highly prospective geology Large landholding (+
Slide 7: Eastern Eyre Project: compared to other large Cu deposits
Eastern Eyre Project Compared to other large Cu deposits in region Renascor’s Large copper deposits in South Eastern Eyre Prominent Hill Australia 210 Mt @ 1.22% Cu Project from ~100m depth Discovered 2001 Olympic Dam corridor ✔ Host rock associated with Hiltaba ✔ Olympic Dam granites 9,500 Mt @ 0.8
Slide 8: Eastern Eyre Project: shallow depth to basement
Eastern Eyre Project Shallow depth to basement Eyre Peninsula: amongst the shallowest cover sequences in Olympic Dam belt - Lower drilling costs - More effective geophysics/geochem - Potential open-cut mining Olympic Dam copper belt (image right), showing depth to basement and key mineral deposits i
Slide 9: Eastern Eyre Project: untapped potential
Eastern Eyre Project Untapped potential Historical exploration reveals potential - 1960s to 1980s exploration focused on near- surface geochemical targeting - Widespread near-surface copper Eastern Eyre Project (image right), showing historical drilling (<60m in blue; ≥60m in red) and interpreted fa
Slide 10: Eastern Eyre Project: untapped potential
Eastern Eyre Project Untapped potential Historical exploration reveals potential - 1960s to 1980s exploration focused on near- surface geochemical targeting - Widespread near-surface copper Limited basement drilling - Ore-grade/near ore-grade copper - WMC’s Spencer prospect: extensive IOCG alteratio
Slide 11: Eastern Eyre Project: untapped potential
Eastern Eyre Project Untapped potential Historical exploration reveals potential - 1960s to 1980s exploration focused on near- surface geochemical targeting - Widespread near-surface copper Limited basement drilling Same image as previous - Ore-grade/near ore-grade copper slide with prospects - WMC’
Slide 12: 1050 East
1050 East Extensive ore-grade Cu 1050 East prospect, showing drill collar High-grade copper in first geology and IP summary plan prospect drilled • New copper discovery in untested fault zone • Massive high-grade copper sulphides, with results including: 13m at 1.45% Cu, 66 ppm Ag and 0.17% Co (from
Slide 13: 1050 East: EEDD012 massive sulphides
1050 East EEDD012 - massive sulphides Host rock associated with Hiltaba/GRV Moonabie formation Olympic Dam age Portion of 3m @ 4.0% Cu, 164 ppm Ag and 0.42% Co Hole EEDD012 – portion of massive sulphide interval from 217.5 metres to 221.5 metres Renascor Resources 13
Slide 14: 1050 East: Section 6374400N drill results
1050 East Section 6374400N – drill results • Extensive Cu in five holes • Multiple massive sulphide zones • 50m to 70m width by 180m down-dip extent Extensive ore-grade copper in first prospect drilled 1050 East prospect, showing cross section of Section 6374400N Renascor Resources 14
Slide 15: 1050 East: massive sulphide potential
1050 East Massive sulphide potential • Significant scope for fault- controlled massive sulphide development - Steeply dipping Angle Dam fault zone immediately west of IP anomaly trend - Earlier drilling too shallow and too far east - Angle Dam fault zone extends +25 kilometers from 1050 East area Ne
Slide 16: Angle Dam targets
Eastern Eyre Project Angle Dam targets • Angle Dam fault - Control structure for new mineralised zone at 1050 East - Limited targeting outside of 1050 area • Gravity - New gravity survey planned to define drill targets - To be used in conjunction with geochemical testing Significant potential within
Slide 17: Extensive prospectivity
Eastern Eyre Project Extensive prospectivity • New copper zones - 1050 East new copper discovery - Targeted by combining results from historical RAB drilling in narrow 1050 area with: Structural geology approach (fault zones) IP and other geophysics • Angle Dam fault - Control structure for new mine
Slide 18: Work Program
Work Program 2014 Q2 Q3 Q4 Activity A M J J A S O N D 1050 East/1050 Induced polarisation survey Electromagentic survey Geochemical sampling RC/diamond drilling Fault structure targets Gravity survey Geochemical sampling Induced polarisation survey RC/diamond drilling Note: (1) Dates are indicative
Slide 19: Summary
Summary • New copper discovery at 1050 East First drill program in Eastern Eyre project Major copper system Immediate follow-on drilling • Pipeline of new, untested targets • Imminent discovery opportunities Strong news flow from active drill programs through 2014 Renascor Resources 19
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