Slide 1: New ASX-listed gold explorer
For personal use only ASX l CDR New ASX-listed gold explorer Well funded explorer Highly leveraged to exploration success High-impact gold exploration in Tier-1 jurisdictions www.codrusminerals.com.au admin@codrusminerals.com.au May 2022
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer • This presentation has been prepared by Codrus Minerals Ltd (Codrus or the Company) and contains information about Codrus current at the date of this presentation. The presentation is in summary form, For personal use only has not been independently verified and
Slide 3: Codrus Minerals – a new gold-focused explorer on the ASX
For personal use only Codrus Minerals – a new gold-focused explorer on the ASX Gold-focused exploration portfolio in Tier-1 Jurisdictions ● All Australian assets located in close proximity to existing operating assets ● Bull Run Project located in a historic gold-producing area in Oregon, USA ● All
Slide 4: Red Gate Project – in the heart of the Edjudina mining centre
Red Gate Project – in the heart of the Edjudina mining centre Project in the highly-prized Edjudina Gold centre For personal use only ● Maiden drilling program returns: o 23m at 3.82 g/t Au from 14m’s in hole RGRC002, including, o 5m’s at 14.29g/t Au from 27m’s o 24m at 1.04 g/t from 42m’s in hole R
Slide 5: Red Gate – Excellent intercepts at Porphyry West
For personal use only Red Gate – Excellent intercepts at Porphyry West • Significant high-grade intercepts hosted at the lower granite contact in RGRC002 and RGRC003 • Open down plunge and along stike • Rapidly evolving understanding of the geological context • Key structural lineaments a focus to z
Slide 6: Red Gate – Promising intercepts at Porphyry North
For personal use only Red Gate – Promising intercepts at Porphyry North • Encouraging widths of low-grade mineralisation intersected down plunge and at depth • Numerous mineralized zones identified that have never been identified before • Define controls on deportment of high-grade mineralisation -
Slide 7: Middle Creek Project – in the heart of the Nullagine gold district
For personal use only Middle Creek Project – in the heart of the Nullagine gold district Located in the rejuvenated Nullagine district ● 10km north-east of Novo Minerals Corp’ Nullagine Mill ● No drilling and four prospects with +1g/t Au rock chip samples ● In-fill soils program recently completed W
Slide 8: Middle Creek Targets
Middle Creek Targets • Trenching focused on: For personal use only • Spud • Boris • Horse • Major 1 & 2 • Dolores A & B, and • Rangi • Covers a broad area with minimal historical attention • Favourable structural setting • Drilling planned for Q3 2022 • Numerous rock chip samples plus 1.0 g/t Au www
Slide 9: Silver Swan South Project – Tier-1 gold and nickel address
For personal use only Silver Swan South Project – Tier-1 gold and nickel address Along strike from Kanowna Belle gold mine (>5Moz) ● Fitzroy Fault – dominant control on mineralisation at Kanowna Belle ● Along trend of the Silver Swan nickel mine ultramafic suite Detailed Structural Review ● Key prim
Slide 10: Bull Run Project (USA)
For personal use only Bull Run Project (USA) Located in Baker City Oregon USA ● Claims over historic small scale mines ● No methodical modern exploration Work Program ● IP to test large disseminated mineralisation model ● Drill test +1g/t Au rock chips samples away from historic workings Significant
Slide 11: Bull Run Project, Oregon USA – Work Program
For personal use only Bull Run Project, Oregon USA – Work Program Bull Run interpreted Geology and Soil Anomalies Bull Run 3D DCIP survey layout, to be completed May 2022 Technical Program Commenced ● 12 additional new mineral claims pegged ● Low Noise deep 3D DCIP survey over initial core target ar
Slide 12: Indicative Work Schedule - 2022
For personal use only Indicative Work Schedule - 2022 Project Q2-22 Q3-22 Q4-22 Silver Swan South Interpretation, Drill Receive Assay Follow up RC Drilling (Aus) Planning Results Receive Assay Red Gate (Aus) RC Drilling Drill Targeting Results Mapping & Sampling Drill Planning, RC Middle Creek (Aus)
Slide 13: Corporate Summary
Corporate Summary Grass roots gold focused exploration Management Team For personal use only portfolio in Tier-1 Jurisdictions Shannan Bamforth – Managing Director Aggressive exploration programs Mr Bamforth is a geologist with over 20 years’ experience in the Minerals industry. He has been responsi
Slide 14: Codrus Minerals – Key Investor Takeaways
For personal use only Codrus Minerals – Key Investor Takeaways Well-funded following $8m IPO, leveraged to exploration success ● $5m in cash (at the end of March) ● Highly leveraged to exploration success – 75m shares out, no vendor shares ● Reviewing growth opportunities in tier 1 Jursidictions Wal
Slide 15: Contact Details
For personal use only ASX l CDR Contact Details Suite 3, Level 3, 24 Outram Street, West Perth, WA, 6005 PO Box 1175, West Perth, WA, 6872 +61 8 6424 9017 +61 8 6500 9982 www.codrusminerals.com.au www.codrusminerals.com.au 15
Slide 16: Competent Person's Statement
Codrus Minerals IPO l Competent Person’s Statement Exploration Results For personal use only • The information in this report that relates to Exploration Results is based on information compiled by Mr Shannan Bamforth who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Bamfort