Reward Minerals Ltd · ASX:RWD
Reward Minerals — Investor Presentation (May 2005)
37 slides from Reward Minerals's investor presentation, May 31, 2005
Slide 1: An emerging gold and base metal explorer
nag | 2 HN HHNHNHNHNHNHNHNHNNNNNNNMNZr eNom i An emerging gold and base metal explorer
Slide 2: Board of Directors
Board of Directors Chairman Geoffrey E Lambert, MEc, FAICD, ASIA Executive Director Dr Michael Ruane PhD MRACI Non Executive Director Cyrille J Van Heyst, BEc Non Executive Director William Paul Brooks Company Secretary John Sendziuk
Slide 3: Corporate Structure
Corporate Structure Ordinary Fully Paid 20¢ Shares on Issue Options Exercisable at $0.20 by 31 Dec 2008 Current Share Price 24 May 2005 Capitalisation at current price Current Cash Position Top Twenty Shareholding Directors and Associates Shareholdings 28,884,077 1,000,000 $0.13 $3.75 Million $2.2 M
Slide 4: Statement of Financial Position
Statement of Financial Position May 2005 CURRENT ASSETS Cash Assets $2,205,890 Receivables $2,200 Tax Assel $52,860 ‘Total current assets $2,260,950 NON CURRENT ASSETS Plant and equipment $3,842 Minera’ exploration expenditure $1,645,360 Total non-current assets $1,649,142 Total Assets $3,910,092 CU
Slide 5: Project list
«» Gabanintha Gold Project « Jervois Base Metal Project «» Ravensthorpe Gold Project » Richenda Gold Project
Slide 6: Project Locations
Project Locations
Slide 7: Gabanintha Gold Project
Gabanintha Gold Project # Gold resource of 70,000 ounces. « Potential to discover additional open pit resources below the existing shallow pits. » Exciting recent drilling results at Yagahong North. #« Potential for nickel mineralisation. « New treatment plant under construction at Burnakura, 20km t
Slide 8: Gabanintha Gold Project - Tenement Location and Geology
_ Gabanintha Gold Project -Tenement Location and Geology Re \ aoe fe 2 feat 7-025 90riN = Be] Coftaviums and alluvium: Es ~ : Peir24 * [| sieete ii = Beil 2038 Ci | Vatloy caterots =2E9 A Col = Loterte | Lithic arenite, rkose, growacke Granitoid Par Folsic voleanic Matic intrusive Armphiboite J} ays
Slide 9: Gabanintha Regional Setting
oject _— al Oo= 3: oa ie) Se £0 o & OQ oO oO > Or Mining Centres jor aj [22g Proterozoic seciments Granite” LEGEND - Fofeie volcanies ond BIE [EZ Sedimentsrtat. Matic voroanies, (A Mmaticrutrarratec volcanics oO Fendt ® Mire MK foldnds ce FIGURE 3. GABANINTHA REGIONAL SETTING
Slide 10: Gabanintha Mine Geology
Gabanintha Gold Project Gabanintha Mine Geology Nee Golden Hope] vi} North Corridor jahong Corridor | oD) RISE - os ‘og L Lae A LEGEND. . UT (IBY Ore Zone >tgn ay \ a Metadolatite Basattic komatite. [BE Ultrematic komatite oe ay a ww Shear Gare
Slide 11: Terrells Cross Section
Gabanintha Gold Project Terrells Cross Section - L & rs] —— < LEGEND ite 3 << & o ve w & ke 8: g o ic komat Basalt ‘Om @ 5.10 gitAu 2. Ulframafic komatiite NX Pit outline : \ Drilthole FIGURE 5. TERRELLS CROSS SECTION
Slide 12: Canterbury Cross Section
Gabanintha Gold Project Canterbury Cross Section 15 744, 6 743 742 £ = = id 8 & st. + ~ 25m 13.0m @ 3 komatiite® ifs} Ultramafic komatiite Nery Pit outline Basalti ill : \ Drilihole FIGURE 6. CANTERBURY CROSS SECTION
Slide 13: Yagahong Cross Section
Gabanintha Gold Project my Yagahong Cross Section ‘a w TE 450 451 438 439 257 258 259 440 550 475m—| 450m—4 LEGEND [4 Laterite cap Mottled Zone = | Saprolite Zone 425m—] [a] Metadolerite Basaltic komatiite Pit outline : Re Sx Pout 25m 0 Uitramafic komatiite \ Drillhole banana FIGURE 7. YAGAHONG CROS
Slide 14: Remaining Mineral Resources
Gabanintha Gold Project Remaining Mineral Resources Measured. Indicated Inferred Total Tonnes Grade Gold | Tonnes Grade Gold | Tonnes Grade Gold | Tonnes Grade Gold oft Au oz. gftAu oz. git Au oz. gitAu oz. Canterbury Pit Margins and Below Pit Total] 142,827 2.31 10,587 97,244 3.18 9,880 51,400 2.92
Slide 15: Yagahong North Prospect Drilling Highlights
i Yagahong North Prospect a Drilling Highlights - Reward Minerals 2005 » 5 metres at 5.67 g/t Au in hole GRC0501 » 9 metres at 3.82 g/t Au in hole GRC0502 » 4 metres at 14.6 g/t Au in hole GRC0503 « 4 metres at 40.5 g/t Au in hole GRC0505 » 7 metres at 32.1 g/t Au in hole GRC0506 » 8 metres at 8.65
Slide 16: Yagahong Pit Drill Plan
Gabanintha Project Yagahong Pit Drill Plan G [am @ 85g au (Gorn -97m) 4m @ 405g Au 2m + 76m) : _ [Tm @ 2t.agh Au roa ‘$m @ 360gh Au . 2m - 79mm . 831 NS (80m - 82m) . ; —" 1 5g A pr . {76m - Tim) (67m - 70m) Aim @ 184g Au (72.9m - 743m)
Slide 17: Jervois Range looking south
Jervois Range looking south from Marshall-Reward. Plenty River Mining Cu plant (125,000tpa) in background.
Slide 18: Jervois Range Base Metal Project Location Diagram
Jervois Range Base Metal Project Location Diagram ; i. Vail ae Ah Pm Ss, J \ EL 10419] ~ i JERVOIS PROJECT : TENURE & PROJECT LOCATION
Slide 19: Geology and Prospect Locations
Geology and Prospect Locations w 7495006-mN., 7490000-raN-: AGD84 (AMG Zone 53) derveis Geology Plan Legend ee arate: " auarz veins trices regres arora arin ariodys rine Irpusratin aumehaarock ats sare porecx aaa aioe ledehorce Ipuconatio lad calc thes semiechettoagitteaurahe cresmagnave jamatauara
Slide 20: History
History 1929 Original discovery 1929-1961 Intermittent mining of near surface secondary copper oxide and copper carbonate 1980-1983 Mining of high grade silver-lead-zinc ore at Green Parrot deposit by Plenty River. Suspended after sharp fall in metal prices 1983-1993 Exploration by Anaconda Australi
Slide 21: MIMEX Exploration
MIMEX Exploration 2000 -2003 $2.5 million spent on the Joint Venture, including $281,000 on geophysics, $96,000 for geochemistry and $687,000 on drilling. Drilling involved 38 pre-collared diamond and percussion drill holes = 11 at Bellbird deposit 21 at Reward deposit # 2at Sykes Prospect 1 at Gree
Slide 22: Project Summary
Project Summary Favourable stratigraphy containing surface expressions of the Cu- Pb-Zn-Ag mineralisation extends for about 9.5km within the Bonya Schist “J’ structure. Exploration focused on the significant surface exposures of Reward, Marshall,Green Parrot and Bellbird deposits-constituting about
Slide 23: Jervois Project Drilling Results
Jervois Project Drilling Results SIGNIFICANT DRILLING INTERSECTIONS — 2004/2005 Bellbird Prospect Hole Interval (m) Cu (%) Ru 06 8.0 3.92 RJ 07 5.85 6.86 RJ 08 3.15 3.72 Rd 18 3.2 41 RJ 19 5.0 48 9.0 463 RJ 23 40 7.93 RJ 28 40 3.10 5.0 4.54 RJ 29 6.0 5.2 RJ 37 8.0 3.28
Slide 24: Bellbird Prospect
ellbird Prospect 300 ra anya oH, eck ae Perea secu ie Ss bnebk ACU e : i i i i i i z H i i i : F i 3 : R & : Ey : 5 £ é H South North BELLBIRD loos A ; ews sg@eONC, @ ~ enBaEeH O22, @ Riz 1 © CO) Se 7 oni ene ve sc ers mii 70s al, BP Giese ay ne Bee oat RS wo ee ey zone coms gnemcnin ys ie. “ong ae
Slide 25: Jervois Project Drilling Highlights
Jervois Project Drilling Highlights Green Parrot Prospect — 2004/2005 Hole Interval (m) Cu% Pb% Zn % Ag (g/t) Au (g/t) RJ 03 6.1 1.16 6.52 2.72 251 0.10 RJ 25 5.0 0.23 8.30 3.44 85 0.12 RJ 26 3.0 0.42 2.36 5.58 78 5.52 7.0 1.80 14.2 7.60 415 0.54 RJ 39 10 0.82 3.2 2.3 102 49 RJ 41 5 0.20 11.3 2.8 35
Slide 26: Green Parrot Prospect
Green Parrot Prospect
Slide 27: Marshall Reward Prospect
Marshall Reward Prospect REWAR 14,200 34 AON Pash COOnN 4 6000 THES: 8898 Zo0mN MARSHALL-REWARD LONG SECTION intercepts with estimated True Width for >0.4%Cu cut-off
Slide 28: Ravensthorpe Gold Project
| Ravensthorpe Gold Project
Slide 29: Ravensthorpe Geology and Tenement Location
t ojec ion Arrobiboite and matic gneiss g E i S A i Komatite Merasedimentary rock Annetele Voeanios Coarse grained tonalite 7 B® vive Cu Ay RAVENSTHORPE PROJECT LEGEND Ea — GEOLOGY and TENEMENT LOCATION a re Sees Oo = ro! 6 - Os Oe om - © OF =e Os Cc >, oO oD > 2 © 3 Yo Seen Coane GOMOD Zone st {Geo
Slide 30: Ravensthorpe Gold Project Summary
Ravensthorpe Gold Project Project Summary » Numerous historic gold workings with average grades ranging from 7g/t to 32g/t gold. a» Selective sampling of “James Henry’ ore gave values ranging from 1.4g/t to 289/t. # Drilling of “Annabel and “James Henry’ workings record up to 4m @ 21.4g/t gold. » Gr
Slide 31: Richenda Gold Project
a Richenda Gold Project
Slide 32: Richenda Geology and Tenement Location
Richenda Gold Project Geology and Tenement Location (79 or eect sents oa oes sane Oasnet te, santetone, L272) Sisters svose oot Metgosaparie and pale soft 9 @ mine toon, conven Dornier RICHENDA PROJECT A GEOLOGY and TENEMENT LOCATION (Geology ater GSwaAy 2 5 ge ean Goan Teo ST
Slide 33: Richenda Project Summary
Richenda Gold Project Project Summary 2 Three styles of mineralisation «» Complex Massive Sulphides - occur in shear zones containing a complex mineralogy of Cu, Zn, As, Sn, Pb, and Te. Example is the Turtie Creek Prospect - mineralised zone up to 10m wide with a best drill intercept of 7.7m @ 4.84g
Slide 34: Richenda Prospects
Richenda Gold Project =a Prospects «» Turtle Creek Prospect s» TOp Springs Prospect a» Lead Show Prospect
Slide 35: Turtle Creek Prospect
Richenda Gold Project Turtle Creek Prospect (excised from EL) «» Spectacular limonitic gossan outcropping over 270 metres containing both copper and gold. # Drilled in 1972 by WMC with several anomalous intercepts including 7.6m @ 2.84 g/t Au and 7.7m @ 4.84 g/t Au recorded. « Diamond Drilling by WM
Slide 36: Top Springs Prospect
Richenda Gold Project Top Springs Prospect s 30m x 10m gossan containing malachite and azurite hosted by strongly sheared metadolerite. « WNC rock chip sampling assayed up to 0.9% Pb, 0.10% Zn, 2.35% AS and 6ppm Ag. «» T.E.M. geophysical survey delineated a 400m x 100m zone which returned a best dri
Slide 37: Lead Show Prospect
Richenda Gold Project Lead Show Prospect « Mineralisation in sub parallel galena-quartz-limonite veins 15-40cm thick and up to 250m long hosted in sheared dolerite. « WMC rock chip samples assayed up to 0.25% Cu, 15.75% Pb, 018% As, 1455ppm Ag. « Percussion drilling gave a best intercept of 4m @ 5.3