Rincon Resources Ltd. · ASX:RCR
Rincon Resources — IPO Roadshow (November 2020)
31 slides from Rincon Resources's IPO roadshow presentation, November 2020
Slide 1: Western Australian Gold & Base Metals Exploration Company
Western Australian Gold & Base Metals Exploration Company IPO Presentation - November 2020 1 Rincon Resources Ltd – November 2020 Investor Presentation
Slide 2: Disclaimer
DISCLAIMER This presentation and any accompanying verbal presentation (together the Presentation) and confidential information has been prepared by Rincon Resources Limited (Rincon or the Company) and approved by the Board of the Company. The information contained in the Presentation (Information) i
Slide 3: Gold & Base Metals Exploration Company
GOLD & BASE METALS EXPLORATION COMPANY Focused on Proven but Experienced Board & Management with Underexplored Mineralised Belts in Resource Discovery Success (ASX listed Western Australia Tesoro Resources) Three Strategic & Initial Public Offering (IPO) to Raise A$5m Regionally Significant to A$6m,
Slide 4: Rincon Resources Strategy
RINCON RESOURCES STRATEGY ✓ ✓ Utilise Data in all its Forms to Prioritise Deploy Capital Effectively Prospects & Efficiently ✓ ✓ Apply the Experience & Expertise of Leading Create Shareholder Value via Geologists, Geophysics & Data Analysts Resource Discovery & Development 4 Rincon Resources Ltd – N
Slide 5: Rincon Resources Exploration Projects
RINCON RESOURCES EXPLORATION PROJECTS South Telfer (Rincon 100%) ▪ Paterson Province ▪ 12km South West of Telfer Gold Mine ▪ >50km of Prospective Telfer Host Geology ▪ Proven Gold & Copper Mineralisation Laverton (Rincon right to acquire 100%) ▪ Mt Margaret-Murrin Greenstone Belt ▪ 4km South/South W
Slide 6: Directors & Management
DIRECTORS & MANAGEMENT Geoff McNamara, Executive Chairman >25 years of international resource sector experience, operational roles include Project Manager, Senior Mine Geologist & Mine Geologist for Ivanhoe Mines, Lion Ore International & WMC. Previously he worked in Private Equity (FUM USD800 milli
Slide 7: Rincon IPO Capital Raise & Pro Forma
RINCON IPO CAPITAL RAISE & PRO FORMA Pro Forma Rincon Capital Structure on IPO Minimum Maximum Current Rincon Major Shareholders % Vendor & promotor consideration1 m 17.25 17.25 Board & Management 35.64 Shares to be issued on conversion of the m 2.86 2.86 Gunsynd Plc 27.56 convertible loans Shares t
Slide 8: South Telfer – Tier One Geological Endowment
SOUTH TELFER – TIER ONE GEOLOGICAL ENDOWMENT Newcrest – Telfer Mine 32Moz Au & 1Mt Cu (0.76g/t Au) Rio Tinto – Winu Discovery ▪ 503Mt @ 0.45% Cu Eq (2.26Mt Cu) ▪ High grade core 188Mt @ 0.68% Cu Eq (1.27Mt Cu) Rio Tinto made overlapping Applications to Rincon ▪ Rincon’s Applications have been Grante
Slide 9: South Telfer Gold & Copper Project
SOUTH TELFER GOLD & COPPER PROJECT South Telfer Paterson Province 54,538Ha of Granted Tenements ▪ 12km South West of Telfer Gold Mine ▪ >50km Strike of Telfer Host Geology ▪ Outcropping Mineralised Isdell Formation ▪ Along Strike from Telfer Gold Mine Significant Historical Work ▪ Newcrest Drilled 2
Slide 10: South Telfer Gold & Copper Project Targets
SOUTH TELFER GOLD & COPPER PROJECT TARGETS Main Targets Hasties & Westin ▪ Newcrest Drilled Thick Intercepts from Surface* ▪ Hasties Gold Intercepts: o 57.80m @ 2.05g/t Au from 17.40m, including; o 16.10m @ 4.75g/t Au from 42.70m; o 68.00m @ 1.33g/t Au from 1.00m; o 36.00m @ 1.66g/t Au from 2.00m; o
Slide 11: South Telfer Gold & Copper Project Hasties
SOUTH TELFER GOLD & COPPER PROJECT HASTIES ▪ Hasties Hosted within Isdel Formation ▪ Surface Gossan up to 36.35g/t Au ▪ Structurally Controlled Breccia Style Mineralisation ▪ Down Plunge SW Extensions Untested ▪ Mineralised Zone >1km up to 50m Wide ▪ Open in All Directions ▪ Only Tested on Small Str
Slide 12: South Telfer Gold & Copper Project Westin Trend
SOUTH TELFER GOLD & COPPER PROJECT WESTIN TREND ▪ Westin Trend Defined by 5km Long Gold & Magnetic Anomaly on Telfer Trend ▪ Anomaly Defined by Wide Spaced Aircore Drilling ▪ Target Zone Under Cover (20m-100m) ▪ 8.00m @ 3.85g/t Au from 84m ▪ Anomaly Never Followed Up ▪ Open to South East ▪ >25km Pro
Slide 13: South Telfer – Multiple Quality Targets
SOUTH TELFER – MULTIPLE QUALITY TARGETS ▪ High Resolution Magnetics Highlights Hasties & Multiple Untested Targets ▪ Magnetics Used to Define Host Stratigraphy & Structures known to Host Gold & Copper Mineralisation A B Magnetic Targets HASTIES TREND DOLPHY- WESTIN TREND ▪ South East Extension of Mi
Slide 14: Laverton Gold Project - Regional Overview
LAVERTON GOLD PROJECT - REGIONAL OVERVIEW ▪ Laverton Experiencing an Exploration Boom ▪ Ground Tightly Held ▪ Right to Acquire Prime Mineralised Tenements ▪ +25M oz Gold Endowment ▪ Historic & Producing Gold Mines within Belt ▪ Anglo Ashanti – Wallaby Mine +7.0M oz ▪ Dacian Gold – Mt Morgans 2.8M oz
Slide 15: Laverton Gold Project
LAVERTON GOLD PROJECT ▪ 4,200Ha in Mt Margaret-Murrin Greenstone Belt ▪ 4km South/Southwest of Laverton ▪ Covering 11km of Prospective Greenstone Belt ▪ Little Modern Exploration Undertaken ▪ High Grade Early 1900’s Shafts on the Tenement ▪ Multiple High-Grade Gold Intercepts Never Followed Up Tenem
Slide 16: Laverton Gold Project
LAVERTON GOLD PROJECT ▪ Two Mineralised Shears Important Controls for Mineralisation ▪ Gladiator Gold Mineralisation Associated with Magnetic Banded Iron Formation (BIF) Units ▪ BIF Extends South into Sunshine- Corio Shear Zone ▪ Recently Identified GG Anomaly ▪ Laverton Project Under Explored due t
Slide 17: Laverton Gold Project
LAVERTON GOLD PROJECT ▪ Two Prospective Trends Identified to date related to Regional Shear Zones & BIF ▪ Historic Drill Results Open in All Directions*: o 4.00m @ 1.50g/t Au from 21.00m; o 7.00m @ 15.90g/t Au from 21.00m; & o 1.00m @ 1.50g/t Au from 55.00m. ▪ New Interpretation Identified Numerous
Slide 18: Kiwirrkurra Gold & Copper Project
KIWIRRKURRA GOLD & COPPER PROJECT ▪ 12,600Ha over the Central Australian Suture at Boundary of Aileron & Warumpi provinces ▪ 30km of Prospective Strike ▪ Prospective for Orogenic Gold, IOCG Gold & Copper ▪ IOCG Copper Mineralisation Drilled at Pokali Prospect*: o 32m @ 0.46% Cu from 74m (incl 8m @ 1
Slide 19: Kiwirrkurra Gold & Copper Project
KIWIRRKURRA GOLD & COPPER PROJECT ▪ Occurs on the Proterozoic Margin between Aileron & Warumpi Provinces ▪ Potential for IOCG Mineralisation at Pokali ▪ Drilling only Tested Margins of the System ▪ Multiple Regional Geochemical Anomalies Remain Untested Kiwirrkurra Project outline, significant resul
Slide 20: Rincon Workplan & Newsflow
RINCON WORKPLAN & NEWSFLOW Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Laverton Aircore SOUTH TELFER Drilling ▪ Define Hastie’s Deposit ▪ Drill Westin Anomaly South Telfer Mapping ▪ Extend Westin Footprint & Geophysics ▪ High Resolution Magnetics South Telfer Phase 1 LAVERTON Drilling ▪ Map BIF to defin
Slide 21: Rincon Indicative Timetable & Use of Funds
RINCON INDICATIVE TIMETABLE & USE OF FUNDS Funds Available Minimum A$M Maximum A$M Indicative Timetable* Existing cash reserves 0.61 0.61 Prospectus for IPO lodged with ASIC 3 November 2020 Funds from IPO (before costs) 5.00 6.00 Opening Date of IPO 11 November 2020 Option exercise 0.20 0.20 Closing
Slide 22: Rincon Budget 2020-2022
RINCON BUDGET 2020-2022 A$5 Million Budget (2021-2022) A$M A$6 Million Budget (2021-2022) A$M South Telfer South Telfer Hasties drilling – RC / DD 3,000 metres 1.97 Hasties drilling – RC / DD 5,500 metres 2.71 Westin regional aircore 5,000 metres 0.70 Westin regional aircore 10,000 metres 0.57 Westi
Slide 23: Contacts
CONTACTS Geoff McNamara, Executive Chairman Zeffron Reeves, Non-Executive Director geoff.mcnamara@rinconresources.com.au zeff.reeves@rinconresources.com.au +61 8 9322 1587 +61 8 9322 1587 Rincon Resources Ltd – November 2020 Investor Presentation 23
Slide 24: Appendix 1 – Significant Intercepts South Telfer
APPENDIX 1 – SIGNIFICANT INTERCEPTS SOUTH TELFER 24 Rincon Resources Ltd – November 2020 Investor Presentation
Slide 25: Appendix 2 – South Telfer Hasties Project
APPENDIX 2 – SOUTH TELFER HASTIES PROJECT Au (ppm) Cu (%) Target Target ▪ Untested Down Plunge Extension to South West ▪ Walk up Drill Targets ▪ Rincon has Granted PoW for Drilling ▪ Native Title Access Agreements in Place 25 Rincon Resources Ltd – November 2020 Investor Presentation
Slide 26: Appendix – JORC Tables
APPENDIX 3 – JORC TABLES Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Drilling and sampling results reported in this report refer to results taken from exploration reports lodged by previous explorers over the prospects which are available on th
Slide 27: JORC Code explanation Commentary
Criteria JORC Code explanation Commentary • Whether logging is qualitative or quantitative in nature. Core (or • A31642 Samples were geologically logged on a 2m composite basis costean, channel, etc) photography. • A34922 RAB holes geologically logged on 2 metre composite bases. DDH holes • The tota
Slide 28: JORC Table: Sample analysis methods
Criteria JORC Code explanation Commentary 200 micron, Au 50 gm fire assay (AAS) Cu, Pb, Zn, Co, As Bi perchloric acid digestion determination by AAS • A43919 All RC and diamond samples were analysed by Analabs, samples pulverised to nominal 200 micron, Au 50 gm fire assay (AAS) Cu, Pb, Zn, Co, As, B
Slide 29: JORC Table: Drill spacing
Criteria JORC Code explanation Commentary • A53741 Reconnaissance line spacing 1 km apart with holes 300 -400 m apart. • A79774 Drill spacing varies between program • A35062 RAB holes drilled on grid lines spaced to test surface anomaly Diamond holes scout drilled to test individual RAB anomalies •
Slide 30: Section 2 Reporting of Exploration Results
Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.) Criteria JORC Code explanation Commentary Mineral tenement and • Type, reference name/number, location and ownership including • E45/4933. P45/2983 are under application in the Name of J
Slide 31: provided this information is not commercially sensitive. 6 | P a g e
provided this information is not commercially sensitive. 6|P a g e