Slide 1: A Diversified and Well Funded Explorer
ASX: RXL For personal use only ROX RESOURCES LIMITED A Diversified and Well Funded Explorer Ian Mulholland, Managing Director Investor Presentation, 18 May 2011
Slide 2: Competent Person Statement
For personal use only Competent Person Statement The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Ian Mulholland BSc (Hons), MSc, FAusIMM, FAIG, FSEG, MAICD, who is a Fellow of The Australasian Institute of Mining and Met
Slide 3: Rox Strategy
For personal use only Rox Strategy • Potentially large projects • Favourable locations • No specific commodities, but favour gold & base-metals • Must be fundable • Always looking for opportunities
Slide 4: Project Locations
Project Locations For personal use only Myrtle Zinc • Current resource contains >2Mt Zn+Pb metal • Potential for major zinc deposit, just 20km from established mine • $15M JV with Teck Resources Marqua Phosphate • Surface samples up to 39% P2O5 Mt Fisher Gold-Nickel • Drilling results include 6m @ 1
Slide 5: Myrtle Location
Myrtle Location For personal use only • Halfway between • Located on Darwin and Mt Isa pastoral lease • 20km south of world • NT Government class McArthur River one of the most Pb-Zn mine (3% of helpful State or world’s Zn production) ~ Territory Govts in 200,000 tonnes of Zn & Australia Pb p.a. • $
Slide 6: Geology
Geology For personal use only • Favourable for SEDEX (very large) style Pb-Zn deposits • McArthur River mine is world class size 20km • Rox owns 100% of 669 km2 tenement area • Host rocks form a series of sedimentary basins prospective for more discoveries
Slide 7: Current Resource
Current Resource For personal use only • 43.6 Mt @ 4.1% Zn, 0.9% Pb* (3% Zn+Pb cut-off) • Indicated 5.8 Mt @ 3.6% Zn, 0.9% Pb • Inferred 37.8 Mt @ 4.2% Zn, 1.0% Pb • 2.2 Mt contained Zn + Pb metal (4.8 B lbs) • 15.3 Mt @ 5.5% Zn, 1.4% Pb* (5% Zn+Pb cut-off) • Indicated 1.2 Mt @ 5.4% Zn, 1.4% Pb • In
Slide 8: Myrtle Basin Potential
Myrtle Basin Potential For personal use only New Eastern Zone discovered High Grade Nov 2009 Target Current Resource 43.6 Mt @ 5.0% Zn+Pb More laminated IP Anomalies style MY20 MY16 MY17 MY10 Strong Nodular Carbonate style High Grade Target Open pit potential confirmed over 700 metres strike
Slide 9: Myrtle Basin Potential
Myrtle Basin Potential For personal use only Strong Nodular Carbonate style More laminated style Open Pit Potential
Slide 10: McArthur River Model
McArthur River Model For personal use only After Ireland et. al.* New drill holes to test High Grade Target Central Zone of High Grade (1 x 2km) Existing drill holes surrounded by Nodular located in fringe Carbonate Zone Nodular Carbonate Zone 1km Section Plan 2km * Ireland et. al., 2004, Econ Geol.
Slide 11: Joint Venture
For personal use only Joint Venture • Teck is world’s 2nd largest Zinc producer production expertise • US$9B Mkt Cap Financial strength long term funding • Minimum spend of $1M, including 2,000 metres of drilling (will be completed in 2011) • $15M to earn 70% over 8 years • $5M to earn initial
Slide 12: Exploration Potential
Exploration Potential For personal use only • Early (1960’s) drill holes at Myrtle (MY1 & 2) were drilled short of target • Anomalous Zn values in holes MY1 & 2 led to follow-up by Anglo in 2004-2005 and discovery of Myrtle • Other prospects on the tenement also have shallow anomalous Zn values – ne
Slide 13: Giant Zn Deposits - Australia
Giant Zn Deposits - Australia For personal use only Deposit Owner Mt Mt Ore Pb+Zn Broken Hill Perilya, CBH 280 51.8 (BHP) McArthur River Xstrata 227 30.4 Mount Isa Xstrata 150 19.5 Hilton Xstrata 120 20.3 George Fisher Xstrata 107 17.7 Myrtle (target) Rox/Teck 100-120 10-12 Century MMG 95 14.1 Dugal
Slide 14: Mt Fisher Location
Mt Fisher Location For personal use only • About 130 km east of Wiluna, 450km north of Kalgoorlie • Several multi-million ounce deposits on adjacent belts (e.g. Yandal Belt 17 Mozs) • Mt Fisher belt hasn’t had major discovery success yet • Several known gold occurrences, so no reason it won’t contai
Slide 15: Gold Anomalies
Gold Anomalies For personal use only • Tenement area is 612 km2 • Three main prospect areas: Moray Reef, Dam-Dirks, Mt Fisher East • Drilling at Moray Reef includes 3m @ 67 g/t, 1m @ 187 g/t and 3m @ 8 g/t • Regolith anomaly at Dam-Dirks is 7km long. • Many high grade drill hits at Dam-Dirks • Regol
Slide 16: Dam-Dirks
Dam-Dirks For personal use only • Three parallel structures • Each structure has several “hot spots” which could relate to cross-cutting structures and/or sub-parallel splays • Dam is the main prospect, although Dirks not drilled as extensively • Drill intercepts at Dam include: 9m @ 7.1 g/t 3m @ 17
Slide 17: Regolith Patterns
Regolith Patterns For personal use only 300m 200m Bronzewing Mt Fisher (Dam Prospect) • Surficial enrichment & dispersion around Base of Overburden • Zone of depletion to just above Base of Oxidation (also gold enrichment here) • Structures in fresh rock need to be located and followed down with dri
Slide 18: Geological Similarities
Geological Similarities For personal use only 50m 100m Ultramafics Basalt Bronzewing Mt Fisher • Similar geological sequence, basalt sulphidic chert ultramafic • Can be missed easily by drilling – e.g. 50m (blue) and 100m (red) holes • Picture at Mt Fisher still very incomplete
Slide 19: Marqua Location
Marqua Location For personal use only • 450 km ENE of Alice Springs • Adjacent to NT-QLD border • Gravel road access from Alice Springs (and through to Mt Isa) • Located on pastoral leases • 350 km from Mt Isa and 250 km from Phosphate Hill mine in QLD
Slide 20: Georgina Basin, NT
Georgina Basin, NT For personal use only • Georgina Basin is the main hard rock phosphate province in Australia (~86% of Australia’s phosphate resources) • Only operating mine is at Phosphate Hill (QLD) @ 2 Mtpa • Other advanced phosphate projects are Wonarah , and D-Tree (Paradise) • Marqua Phospha
Slide 21: Marqua Project
Marqua Project For personal use only 20 km NT-QLD Border 3m @ 16.9% P2O5 5m @ 23.7% P2O5 3m @ 21.0% P2O5 5m @ 26.1% P2O5 Previous Exploration •Rock chips (up to 39% P2O5) •Soil Sampling •Air core drilling
Slide 22: Company Snapshot
Company Snapshot For personal use only ASX Code: RXL Issued Shares: 351,301,517 Market Cap: $14.0 million (at 4.0 cents) Options: 30,160,238 $0.10 30 June 2011 Listed RXLO 30,017,527 $0.015 31 July 2011 Listed RXLOA 3,750,000 $0.038 26 Sep 2012 Unlisted Cash: (at 31 March 2010): $4.5 million With Te
Slide 23: Share Price
Share Price For personal use only Rox Share Price 1 May 2010 to 30 April 2011 $0.14 200,000,000 Announce $15 million JV with $0.12 Teck Announce 150,000,000 $0.10 Announce deal Capital Raising with Rio to Japan remove $1/tonne Tsunami $0.08 payment 100,000,000 Share Price $ Volume $0.06 $0.04 50,000
Slide 24: Rox Share Price Drivers
For personal use only Rox Share Price Drivers • Teck results from Myrtle – >2,000 metres of drilling in 2011 • Drilling at Mt Fisher to determine resource potential • Exploration at Marqua including drilling to define resource potential • 2nd/3rd Quarters
Slide 25: Summary
Summary For personal use only Projects in known areas for world class deposits - still relatively poorly explored Myrtle • JV funding secured with major zinc company • High grade targets ready to be tested by drilling • Large mineral resource and will get bigger • Myrtle look-a-likes on tenements fo
Slide 26: Thank You!
Thank You! For personal use only Ian Mulholland Managing Director Rox Resources Limited Level 1, 30 Richardson St, West Perth WA 6005 Australia Ph: +61-8-6380-2966 www.roxresources.com.au