Slide 1: Capital Raising Presentation
Renascor Resources Limited ASX code: RNU For personal use only Capital Raising Presentation June 2015 Renascor Resources 1
Slide 2: Recent drilling propels Extension Tank to advanced prospect
Renascor Resources Limited For personal use only Recent drilling propels Extension Tank from stand-out target to advanced prospect for Prominent Hill-style deposit within world class Olympic Dam copper province • Upcoming drilling to target yet-untested “discovery” zone defined by high-density gravi
Slide 3: Corporate profile
Corporate profile For personal use only • ASX code RNU Board of Directors • Shares on issue 138.3m • Cash (March 31 2015) $0.255m Stephen Bizzell (Chairman) • Share price (28 May 15) $0.021 • 12 month range $0.019-$0.073 David Christensen (MD) • Market capitalisation $2.905m • Enterprise Value $2.65
Slide 4: Investment Highlights
Investment Highlights For personal use only Advanced, Large-Scale Copper Prospect - Recent drilling confirms Extension Tank as major Prominent Hill-style prospect IOCG alteration and copper (8m @ 0.45%) over untested, stand-out gravity target Unique for first-pass drilling of IOCG targets in dis
Slide 5: Olympic Dam Belt
Olympic Dam Belt Renascor holds an enviable and developing tenement package in a major copper province For personal use only Prominent Hill 210 Mt @ 1.22% Cu from ~100m depth, discovered 2001 Olympic Dam 9,500 Mt @ 0.82% Cu from ~300m depth, discovered 1975 Carrapateena/Khamsin 1,000 Mt @ 0.80% Cu f
Slide 6: Eastern Eyre Project
Eastern Eyre Project All the portents for success For personal use only Renascor’s Eastern Eyre Large copper deposits in South Australia Project Location: Olympic Dam corridor ✔ Geology: Host rock associated with Hiltaba granites ✔ Geologic Geology: Gawler Range Volcanics ✔ signature Geological Age:
Slide 7: Advanced IOCG prospect
Extension Tank Advanced IOCG prospect For personal use only Distinctive, highly - High amplitude prospective IOCG prospect (6MGal) gravity - Few targets in Olympic Dam domain anomaly demonstrate confluence of: - Discreet gravity gravity + signature within Roopena fault zone magnetics + - Coincid
Slide 8: "Discovery phase" drill targets
Extension Tank “Discovery phase” drill targets For personal use only Drill ready targets -“Typical” IOCG distribution of magnetite, hematite and sulphides, offers multiple discovery phase targets: Two large-scale high density zones Induced polarisation zone Magnetic zone High potential for Pro
Slide 9: Standout gravity anomaly adjacent to magnetic zone
Extension Tank Standout gravity anomaly adjacent to magnetic zone For personal use only - High amplitude (6MGal) gravity anomaly within Roopena fault zone - Gravity–magnetic association typical of IOCG - Directly comparable to Prominent Hill IOCG deposit (Oz Minerals) Highly prospective for large, h
Slide 10: Recent drill results
Extension Tank Recent drill results For personal use only Strong copper and hematite alteration - Hole RC001: sulphide mineralisation, including 8m at 0.45% Cu (from 64m) - Hole RC002: hematite alteration and anomalous Cu from 120m to end-of-hole (162m) Distinctive combination of Hole 14RETRC001. Sa
Slide 11: Comparison to other hematite IOCGs
Extension Tank Comparison to other hematite IOCGs For personal use only Khamsin deposit* - Early results: initial gravity targets intersect IOCG alteration and low-level (<0.2%) copper (SASC-04,KH001,KH002) - Led to nearby discovery hole within western margin of gravity anomaly (KMS008) Extension Ta
Slide 12: Next phase drill targets: high density zones
Extension Tank Next phase drill targets: high density zones For personal use only - High-density zones untested - Immediate drill-ready targets - Shallow (~200m) depth - Renascor awarded government - Ample scale for large deposit grant to co-fund drill costs Extension Tank – Gravity contours (vertic
Slide 13: Next phase drill targets: IP chargeability zone
Extension Tank Next phase drill targets: IP chargeability zone For personal use only IP targets - Tested by WMC in 1990s - Renascor’s recent drilling suggests WMC’s shallow drilling did not reach fresh basement - Untested sulphide target beneath earlier drilling (from ~60m) Drill ready targets for f
Slide 14: Eastern Eyre Project: Prospect pipeline
Eastern Eyre Project Prospect pipeline For personal use only Additional high-priority copper targets for 2015 - Roopena-Angle Dam fault (+40km) - Mineralised system with limited historical exploration - On-going reconnaissance programs have upgraded multiple gravity/magnetic targets - Initial drill-
Slide 15: Proposed offer details
Proposed offer details For personal use only • $500,000 placement to Acorn Capital at an issue price of $0.02 per share • With free attaching listed option of 1 for 2 basis exercisable at $0.03 September 30, 2016 Placement • Issue price represents a: • 7% discount to the 5 day VWAP • 7% discount to
Slide 16: Proposed Timetable
Proposed Timetable For personal use only Event Timing Placement Date Trading halt 29-May-15 - 02-Jun-15 Placement book close 02-Jun-15 Announcement of Placement Offer 02-Jun-15 Trading resumes 03-Jun-15 Settlement of placement shares 04-Jun-15 Allotment and quotation of placement shares 09-Jun-15 On
Slide 17: Use of funds – through Dec 2015
Use of funds – through Dec 2015 For personal use only Sources Available cash as at 31 March 2015 ~$0.3m Tenement sale and other cash Inflows (2) ~$0.3m Offer proceeds(1) ~$1.5m Total $2.1m Uses (1) Exploration and drilling activities $1.3m Corporate, finance and administration $0.5m Working capital
Slide 18: Work Program
Work Program For personal use only 2015 Q2 Q3 Q4 Activity A M J J A S O N D Extension Tank Pre-drilling preperatory work RC/diamond drilling Follow-up geophysics Other Prospects Pre-drilling preperatory work RC drilling Diamond drilling Note: (1) Dates are indicative only and subject to change witho
Slide 19: Summary
Summary For personal use only Advanced, well-defined IOCG prospects at Extension Tank Credentialed team with track record of exploration success Confidence underpinned by cornerstone placement commitment and partially underwritten entitlement offer Renascor Resources 19
Slide 20: Important notice
Important notice For personal use only 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 reason