Riversgold Ltd. · ASX:RGL
Riversgold — Investor Presentation (August 2020)
25 slides from Riversgold's investor presentation, August 2020
Slide 1: Edleston Gold Project Acquisition Investor Presentation
HUNTING FOR THE NEXT SIGNIFICANT DISCOVERY EDLESTON 50KM FROM KALGOORLIE GOLD PROJECT ACQUISITION AUGUST 2020 INVESTOR PRESENTATION
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain statements which constitute “forward-looking statements”. These statements include, without limitation, estimates of future capital expenditure; statements regarding the expectation or description of the prospectively of the Rivers gold Limited tenements
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Re- focusing on Australian New refreshed Board and Recent $1.5m capital gold projects, WA and SA. Management. raising. 1,050km2 of underexplored Addition of two geologists Divestment of Alaska tenure 50km from Kalgoorlie as technical Board bringing in an additional over the Nor
Slide 4: Corporate Summary
CORPORATE SUMMARY ASX Code RGL Major shareholders: Share Price 1 $0.055 Eaglehawk investments 15.7% Shares on issue2 386.5M Tolga Kumova 7.37% Options (0.1 to 20c)2 81M Evolution Mining 5.02% Market capitalisation1,2 $21.2M Top 20 shareholders 57% Cash and receivables 3 $3.3M Board and Management 2%
Slide 5: Appointment of High Calibre Technical People
APPOINTMENT OF HIGH CALIBRE TECHNICAL PEOPLE NEW BOARD MEMBERS AND GEOLOGICAL CONSULTANTS XAVIER BRAUD SIMON BOLSTER PETER WILLIAMS DR MARAT ABZALOV B.Sc (Hons), M.Sc Geology B.Sc (Hons), Geography w. Geology: 1st Class B.Sc (Hons), M.Sc in Eng Geophysics B.Sc., Ph.D. Geology Experienced Geologist a
Slide 6: Our Projects
OUR PROJECTS Cambodia: Alaska: Two applications Divestment for US$1,000,000 Cash Earn-out US$5,000,000 spend RGL 30% free-carried to decision to mine Western Australia: South Australia: -1,040km2 of tenure over the Norseman-Wiluna Three granted tenements, Churchill Dam and Burt Lagoon. Greenstone Be
Slide 7: The Priority: Refocussing on WA
THE PRIORITY: REFOCUSSING ON WA KURNALPI PROJECT Tier 1 Location: • WA one of the best gold jurisdictions in the world • 1,041km2 tenement package 50 km from Kalgoorlie • 100% of the tenure covers greenstones from the Norseman-Wiluna Belt (+200Moz historical production) • 5 process plants within 50k
Slide 8: The Ambition: A New Significant Discovery
THE AMBITION: A NEW SIGNIFICANT DISCOVERY ALL THE INGREDIENTS FOR SUCCESS ARE HERE The right project: Salt Lakes: exploration “new frontier” • 1,050km2 of Archean Greenstone Belt • 600km2 of unexplored ground. The mineralized structures do not stop at the lake boundaries! The right team: • Technical
Slide 9: An Enviable Land Position
AN ENVIABLE LAND POSITION: RGL controls 1,050km2 of tenement over Archean greenstones from the Norseman- Wiluna Greenstone Belt. Yilgarn greenstone belts account for 3% of Australia’s landmass but produce over 33% of its gold. RGL Tenure covers several significant shear zones (Emu fault, Avoca Fault
Slide 10: Queen Lapage
QUEEN LAPAGE • Large scale (10-12km long) geochemical anomaly under Lake Yindarlgooda • Along strike from Queen Lapage open pit. ~10,000oz at 9g/t Au mined by Croesus Mining in the early 1990’s ? • 156 holes drilled in Feburary 2019 defined a 10-12km anomaly, best results included: Untested ? 13m at
Slide 11: Queen Lapage a New St Ives?
QUEEN LAPAGE A NEW ST IVES? Santa Anna Invincible O/P (+1.5Moz mined) Revenge Leviathan O/P (+2Moz mined) 2 km 2 km RGL Drilling superposed over the St Ives Camp ST IVES QUEEN LAPAGE Past Production +14Moz Past Production 10koz Resources and reserves +4.4Moz (2019) Resources and reserves TBA (2021)
Slide 12: Salt Lakes and Discoveries, the St Ives Case
SALT LAKES AND DISCOVERIES, THE ST IVES CASE 11 RIVERSGOLD LTD
Slide 13: How to Find a New St Ives Camp Under Lake Yindarlgooda
HOW TO FIND A NEW ST IVES CAMP UNDER LAKE YINDARLGOODA QUEEN LAPAGE ACTIVITIES EXECUTED IN PROGRESS PLANNED 1 Reprocess existing data 2 Interpret reprocessed data Aug 2020 3 Generate targets Aug 2020 4 Refine and rank targets Aug 2020 5 Determine appropriate testing method Sep 2020 6 Test targets Q4
Slide 14: Cutler High Grade Open in All Directions
CUTLER HIGH GRADE OPEN IN ALL DIRECTIONS • Hosted in mafic rocks - west of the Randall Fault potentially on a second order splay structure 1m @ 62.9g/t Au (129m) • Numerous high-grade results over 500m strike length: 10m at 1.30g/t (97m) 10m @ 11.0g/t Au 3m @6.18g/t Au (38m) 4m @ 5.3g/t Au 3m @ 2.58
Slide 15: Cutler Exploration
CUTLER EXPLORATION CUTLER ACTIVITIES EXECUTED IN PROGRESS PLANNED 1 Reprocess existing data 2 Interpret reprocessed data Aug 2020 3 Generate targets Aug 2020 4 Refine and rank targets Aug 2020 5 Determine appropriate testing method 6 Test targets (surface sampling) Aug 2020 14 RIVERSGOLD LTD
Slide 16: Farr Jones 2.5km Corridor Showing High Grade
FARR JONES 2.5KM CORRIDOR SHOWING HIGH GRADE • 2.5km long mineralised system with numerous high grade shoots. • RC and aircore drilling assays returned best results of: 3m at 17.8g/t Au from 182m (FJRC0001) 4m at 6.26g/t Au from 119m and 2m at 7.49g/t from 130m (FJRC0002) 12m at 1.90g/t Au from 36m
Slide 17: Farr Jones Exploration
FARR JONES EXPLORATION CUTLER ACTIVITIES EXECUTED IN PROGRESS PLANNED 1 Reprocess existing data 2 Interpret reprocessed data Aug 2020 3 Generate targets Aug 2020 4 Refine and rank targets Aug 2020 5 Determine appropriate testing method 6 Test targets (surface sampling) Aug 2020 16 RIVERSGOLD LTD
Slide 18: Jaws
JAWS • Folded BIF (Banded Iron Formation) under the eastern • Salt lake environments can create depleted regolith and low side of Lake Lefroy. The BIF unit is host to neighbouring level anomalies can still lead up to significant discoveries. SLR Maxwells and Santa open pits operations. • Historical
Slide 19: Jaws Exploration
JAWS EXPLORATION CUTLER ACTIVITIES EXECUTED IN PROGRESS PLANNED 1 Reprocess existing data 2 Interpret reprocessed data Aug 2020 3 Generate targets Aug 2020 4 Refine and rank targets Aug 2020 5 Determine appropriate testing method 6 Test targets (surface sampling + auger) Aug 2020 18 RIVERSGOLD LTD
Slide 20: Greenfields Exploration
GREENFIELDS EXPLORATION Fast tracking greenfield regional exploration is going to be the key. RGL is investigating innovative technology to reduce the time assessing projects . Surface sampling at Farr Jones and Cutler to expand the systems footprint and validate the method is imminent. Several gree
Slide 21: Greenfields Potential
GREENFIELDS POTENTIAL Acra South RGL’s Tenure is significantly underexplored • 60% of the tenure has never had surface Paradise Patch geochemistry and potentially no exploration at all. Reef Tank Well Quarterback Consultants value-add • Simon Bolster, regolith specialist, has already optimized and p
Slide 22: Project Portfolio: Realising Value from Other Projects
PROJECT PORTFOLIO RGL REALISING VALUE FROM OTHER PROJECTS: TINTINA GOLD PROVINCE, ALASKA SOUTH AUSTRALIA CAMBODIA • Three gold projects in southwest Alaska • Burt Lagoon Project relinquished following • Gold Tenement applications surrounding • Province hosts the giant 45Moz Donlin geophysical invers
Slide 23: Plans for 2020
PLANS FOR 2020 KURNALPI PROJECT SA PROJECTS • Continue farm-out and/or divestment discussions • Complete geophysical and litho-structural interpretations for Queen Lapage, Cutler and Farr Jones prospects PROJECT PORTFOLIO • Seeking new project opportunities. • Refine Queen Lapage Targets (11km of pr
Slide 24: Summary
SUMMARY Focus on highly Kurnalpi Project is 50km 2020 exploration plans New technical team with New management team prospective gold project east of Kalgoorlie in well ready to execute at track record of and board refocusing in Eastern Goldfields, WA known gold province Kurnalpi exploration success
Slide 25: Contact Us
CONTACT US Riversgold Ltd T (08) 6500 7375 E info@riversgold.com.au www.riversgold.com.au