Red Metal Limited · ASX:RDM
Red Metal — Shareholder Meeting (November 2020)
39 slides from Red Metal's shareholder meeting presentation, Nov 18, 2020
Slide 1: Red Metal in 2021
For personal use only ASX:RDM AGM PRESENTATION 18 NOVEMBER 2020 RED METAL IN 2021
Slide 2: Corporate
Corporate For personal use only • 245.59M Shares (after 15 years on ASX) • 7.65M Employee Options • $20-25M Market Cap. • $3.7M Cash, Significant Alliance Budget in 2021 • Targeting large base metal discoveries in Australia • “Greenfields Discovery Alliance” with OZ Minerals (Right to 51%) • Aims to
Slide 3: Wealth of New Discoveries Driving Major/Junior Investment
Australia Wealth of New Discoveries Driving Major/Junior Investment For personal use only • Oak Dam / BHP - Large high grade IOCG Gawler / SA • 425m at 3.0% copper 0.6g/t gold, 6g/t silver including 180m at 6.1% copper 0.9g/t gold, 13g/t silver • Khamsin / OZ Minerals - Large IOCG Gawler / SA • 402.
Slide 4: Wealth of New Discoveries Driving Major/Junior Investment
Australia Wealth of New Discoveries Driving Major/Junior Investment For personal use only • Boda / Alkane - Porphyry Au-Cu MacQuarie Arc / NSW • 1067m at 0.55g/t gold and 0.25% copper including 512m at 1g/t gold and 0.44% copper • Fosterville / Kirkland - Bonanza grade Orogenic Gold Tasmanides / VIC
Slide 5: Projects: Base Metal Focus
Projects Base Metal Focus For personal use only • Alliance Funded Projects • Yarrie: extensive geophysical surveys planned 2021, Paterson Province - WA • Gulf: drilling on IOCG breccia targets at Gibson’s Tank early 2021 - QLD • Lawn Hill: MT surveying in progress north Century zinc-lead-silver depo
Slide 6: Paterson Province: Yarrie Copper-Gold
Paterson Province Yarrie Copper-Gold • Proven Terrian For personal use only • Giant granite-related gold-copper at Telfer • New gold-copper discoveries at Winu and Haverion (weak regional magnetic bulls-eye targets) • Nifty (>176Mt @ 1.3% Cu) - Mount Isa style Sedimentary-Hosted copper and cobalt •
Slide 7: Paterson Province: Yarrie Copper-Gold
Paterson Province Yarrie Copper-Gold For personal use only Red Metal Magnetic Targets Red Metal Magnetic Targets Along High Gravity Ridge Along High Gravity Ridge Yarrie Project New Airborne Gravity Data Links Red Metal Targets with Winu Along High Gravity Ridge “Telfer” “Havieron” Bulls Eye Magneti
Slide 8: Paterson Province: Yarrie Copper-Gold
Paterson Province Yarrie Copper-Gold For personal use only Red Metal Magnetic Targets Red Metal Magnetic Targets Along High Gravity Ridge Along High Gravity Ridge Yarrie Project New Airborne Gravity Data Links Red Metal Targets with Winu Along High Gravity Ridge High Gravity High Gravity Ridge Ridge
Slide 9: Mount Isa Inlier
Mount Isa Inlier • Located in Proven Carpentaria Zinc Province For personal use only • Multiple “Tier 1” zinc-lead-silver deposits • Worlds most productive zinc-lead-silver terrain • 1.7Bn tonnes of lead-zinc-silver ore • >120Mt of zinc, 84Mt lead and 5.36Boz of silver • Significant Copper-Cobalt an
Slide 10: Gulf Projects: Copper-Gold
Gulf Projects Copper-Gold • First Mover Advantage For personal use only • Extension of fertile Cloncurry IOCG terrain under cover • Favorable volcanic host rocks and intrusive granites • Targets at mineable depths ranging150-650m • Limited historic exploration (gravity on 4km x 4km) IOCG Breccia Tar
Slide 11: Gulf Projects: Copper-Gold
Gulf Projects Copper-Gold • First Mover Advantage For personal use only • Extension of fertile Cloncurry IOCG terrain under cover • Favorable volcanic host rocks and intrusive granites GT4 • Targets at mineable depths ranging150-650m • Limited historic exploration (gravity on 4km x 4km) • Drilling e
Slide 12: Lawn Hill: Zinc-Lead-Silver and Copper
Lawn Hill Zinc-Lead-Silver and Copper For personal use only • Scope for more than one giant base metal deposit type in the Lawn Hill region. Century 105Mt @12.1% Zinc, • Applying magnetotelluric surveying 1.7% Lead, 46g/t Silver for the first time.
Slide 13: Three Ways: New MT Data Imaging
Three Ways New MT Data Imaging Below 300m of Conductive Cover For personal use only • Magnetotelluric (MT) Surveying • Along trend from the Dugald River Lead-Zinc-Silver Mine where terrain extends under 400m of younger High Conductance Magnetotelluric Targets cover Unresolved First Drill Tests • Str
Slide 14: Three Ways: New MT Data Imaging
Three Ways New MT Data Imaging Below 300m of Conductive Cover For personal use only • Magnetotelluric (MT) Surveying • Along trend from the Dugald River Lead-Zinc-Silver Mine where terrain extends under 400m of younger High Conductance Magnetotelluric Targets cover Unresolved First Drill Tests • Str
Slide 15: Three Ways: First Pass Drilling
Three Ways First Pass Drilling For personal use only Vein intervals are thought to be too narrow to cause the very strong and laterally extensive magnetotelluric anomalies TWD2001 Semi-massive pyrrhotite vein and breccia zones (7.8m interval from 665,) TWD2001 Semi-massive pyrrhotite-chalcopyrite ve
Slide 16: Mount Skipper: Copper-Gold or Silver-Lead-Zinc
Mount Skipper Copper-Gold or Silver-Lead-Zinc For personal use only Cannington • A Regional Bulls Eye Magnetic Target Giant PbZnAg Mine • Complex anomaly • Second drill test intersected magnetic minerals (pyrrhotite and magnetite) associated with weak Cannington Bulls-Eye chalcopyrite mineralisation
Slide 17: Maronan
Maronan • Located in Proven Carpentaria Zinc Province For personal use only • Multiple “Tier 1” zinc-lead-silver deposits • Worlds most productive zinc-lead-silver terrain • 1.7Bn tonnes of lead-zinc-silver ore • >120Mt of zinc, 84Mt lead and 5.36Boz of silver • Significant JORC (2012) Inferred Reso
Slide 18: Maronan: Level Plans Showing Ore Horizons
Maronan Level Plans Showing Ore Horizons For personal use only Untested Exploration Target Northern Fold Copper Vein Zone Central Fold Eastern Lead-Silver Zone Western Lead-Silver Zone -900mRL -600mRL -300mRL Ore lenses cut-off grade >3% lead (light and dark blue), >0.5% copper (solid green)
Slide 19: Maronan: Sulphide Textures and Grades
Maronan For personal use only “Bonanza” Folded Bedded Apron Style 15.4%Pb, 378g/t Ag Bedded Apron Style 8.6%Pb, 175g/t Ag “Tier 1 Grades” Bedded, Vent Core Potential? 22%Pb, 623g/t Ag Zinc Breccia (at depth) 14.8%Pb, 6%Zn, 224g/t Ag, 0.9g/t Au Sulphide Textures and Grades
Slide 20: Maronan: Geological Model
Maronan Geological Model For personal use only Modern Day Vents Undiscovered Vent Core Known Maronan Resource in Vent Apron Sulphide >>CO3 & Silicate, PbS & ZnS >> Fe Sulphide, Ag,Sb CO3>>Silicate, Calcite, Fe sulphide >> Fe oxide, PbS, Ag, weak ZnS Silicate>>CO3, MnFe carbonate, Fe-oxide, Semi- Mas
Slide 21: Maronan: Deep Exploration Potential
Maronan Deep Exploration Potential – Seismic Trial in Progress For personal use only Vent Core? Vent Apron? 44Mt @11.6% Lead, 77Mt @ 5.9% Lead, Known Maronan Resource 4.4% Zinc, 538 Silver 3.1% Zinc, 210 Silver Cannington Long Section Undiscovered Vent Core? Potential Zinc Enriched Zinc Enriched? Ca
Slide 22: Corkwood: Copper-Gold IOCG Breccias
Corkwood Copper-Gold IOCG Breccia’s • Favorable porphyritic volcanic host rocks For personal use only (same host rocks as Ernest Henry) • Strong early magnetite-biotite alteration overprinted by silica-feldspar-pyrite-chalcopyrite (magnetite destructive) • Elevated trace elements Ba, K, Cu, Co, As….
Slide 23: Corkwood: Black Cat Bore 3D MT
Corkwood Black Cat Bore 3D MT • Proposing to trial high resolution 3D MT survey to For personal use only identify potential mineralised breccia’s within large Black Cat Bore magnetic anomaly Geological/Geophysical Model Ernest Henry IOCG Breccia 3D magnetic model with planned MT stations
Slide 24: Nickel-Copper: Magmatic Nickel-Copper-PGE Plays
Nickel-Copper Magmatic Nickel-Copper-PGE Plays • Pardoo For personal use only • Pilbara • Untested targets along trend Radio Hill and Highway deposits • Nullarbor Red Metal 100% • Frontier terrain Pardoo Nickel-Copper-PGE • New target concepts • Drill ready targets Highway Pardoo Red Metal 100% Rio
Slide 25: Models: Magmatic Nickel-Copper-PGE
Models Magmatic Nickel-Copper-PGE For personal use only • Some Key Regional Points • Mantle tapping faults, often on craton margin settings • Abundant gabbroic and picritic intrusions • High-Fe or High-Mg tholeiitic cumulates • Evidence of PGE deletion and crustal contamination • Possible zoned chon
Slide 26: Pardoo: Geological Setting
Pardoo Magmatic Nickel-Copper-PGE For personal use only Geological Setting
Slide 27: Pardoo: Magmatic Nickel-Copper-PGE
Pardoo Magmatic Nickel-Copper-PGE For personal use only Interpreted Deep Sourced Mafic/Ultramafic Feeder intrusion Untested Target Rio Tinto Untested Targets (<400m of cover) Untested Targets (<100m of cover) Total Magnetic Imagery
Slide 28: Nullarbor: Frontier Magmatic Nickel-Copper-PGE Plays?
Nullarbor Frontier Magmatic Nickel-Copper-PGE Plays? For personal use only • Trial deep penetrating GEM or MT over range of chonolith-like gravity/magnetic targets
Slide 29: Nullarbor: T4 Forrest Target
Nullarbor Frontier Magmatic Nickel-Copper-PGE Plays? For personal use only • T4 Forrest Target • Coompana Province • Basement depth <300m • Gravity modelling suggests high density source (~SG 3.6) - More than just a gabbro ? • Discrete late time anomaly over 3 lines along the margin to the strong gr
Slide 30: Nullarbor: T4 Forrest Target
Nullarbor Frontier Magmatic Nickel-Copper-PGE Plays? For personal use only • T4 Forrest Target • Coompana Province • Basement depth <300m • Gravity modelling suggests high density source (~SG 3.6) - More than just a gabbro ? • Discrete late time anomaly over 3 lines along the margin to the strong gr
Slide 31: South Australia Copper-Gold
South Australia Copper-Gold For personal use only
Slide 32: Punt Hill & Pernatty: Copper-Gold-Zinc
Punt Hill & Pernatty Copper-Gold-Zinc For personal use only BHP Oak Dam West Khamsin • Giant Magnetic Skarn IOCG 425m @ 3.0% Cu, 402.6m @ 1.38%Cu,0.27g/t Au • Targeting giant base metal skarn/manto 0.6Au, 6g/t Ag incl. styles 180m @ 6.1% Cu 0.9g/t Au, 13g/t Ag Carrapateena • Where IOCG system intrud
Slide 33: Punt Hill & Pernatty: Copper-Gold-Zinc
Punt Hill & Pernatty Copper-Gold-Zinc For personal use only BHP Oak Dam West Khamsin • Giant Magnetic Skarn IOCG 425m @ 3.0% Cu, 402.6m @ 1.38%Cu,0.27g/t Au • Targeting giant base metal skarn/manto 0.6Au, 6g/t Ag incl. styles 180m @ 6.1% Cu 0.9g/t Au, 13g/t Ag Carrapateena • Where IOCG system intrud
Slide 34: Punt Hill & Pernatty: Near-Miss Hole
Punt Hill & Pernatty Copper-Gold-Zinc For personal use only DD18PTH001 Near-Miss Hole? Drill Trace 244m @ 0.26% Cu DD18PTH001 PH1 Untested Magnetic Portion PH1 DD18PTH001 intense retrograde K-feldspar-chlorite alteration and replacement of wrigglite textured Untested P1 prograde garnet skarn with as
Slide 35: Callabonna JV: Copper-Gold
Callabonna JV Copper-Gold For personal use only Known hematite and magnetite breccias on northern margin of Curnamona Province CAL1 Magnetite Breccia Northern Curnamona, SA Emerging new IOCG/ISCG Province Limited historic drilling Large IOCG breccia systems in CAL1 and CAL2 Red Metal drill
Slide 36: Callabonna JV: Copper-Gold
Callabonna JV Copper-Gold For personal use only Woolatchi WO-17-01: Iron and minor copper sulphides as veins and disseminations along shears or vein stock works associated with strong biotite and magnetite alteration of meta- sedimentary sequences Untested Targets CAL1 Breccia Magnetite-Calcsilicate
Slide 37: Callabonna JV: Copper-Gold
Callabonna JV Copper-Gold For personal use only Woolatchi WO-17-01: Iron and minor copper sulphides as veins and disseminations along shears or vein stock works associated with strong biotite and magnetite alteration of meta- sedimentary sequences Untested Targets CAL1 Breccia Magnetite-Calcsilicate
Slide 38: Contact
Contact For personal use only • Red Metal Limited • Managing Director – Rob Rutherford • Level 15, 323 Castlereagh Street • Sydney 2000 • Ph: +61 (0)2 92811805 Mob: +61 (0)429651126 • www.redmetal.com.au • admin@redmetal.com.au • This announcement was authorised by the Board of Red Metal
Slide 39: Caution Regarding Forward-Looking Statements
• Caution Regarding Forward-Looking Statements For personal use only • Statements regarding the Company’s plans with respect to exploring its projects are forward-looking. There can be no assurance that any mineralisation identified will be proven to be economic, that future evaluation work will con