Slide 1: New ASX-listed gold explorer
For personal use only ASX l CDR New ASX-listed gold explorer $8m IPO spin-off of Blackstone Minerals Highly leveraged to exploration success with $15m market cap on listing High-impact gold exploration in Tier-1 jurisdictions 23 June 2021 www.codrusminerals.com.au admin@codrusminerals.com.au
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer • This presentation has been prepared by Codrus Minerals Ltd (Codrus or the Company) and contains information about Codrus current at the date of this presentation. The presentation is in summary form, For personal use only has not been independently verified and
Slide 3: Codrus Minerals – a new gold-focused explorer on the ASX
For personal use only Codrus Minerals – a new gold-focused explorer on the ASX Gold-focused exploration portfolio in Tier-1 Jurisdictions ● All Australian assets located in close proximity to existing operating assets ● Bull Run Project located in a historic gold-producing area in Oregon, USA ● Demo
Slide 4: Corporate Summary
Corporate Summary Grass roots gold focused exploration Management Team For personal use only portfolio in Tier-1 Jurisdictions Shannan Bamforth – Managing Director Walk-up drill ready targets Mr Bamforth is a geologist with over 20 years’ experience in the Minerals industry. He has been responsible
Slide 5: Project Locations (Australia)
Project Locations (Australia) Exploration Portfolio in Tier-1 Mining Jurisdictions For personal use only SILVER SWAN SOUTH RED GATE MIDDLE CREEK www.codrusminerals.com.au 5
Slide 6: Silver Swan South Project – Tier-1 gold and nickel address
For personal use only Silver Swan South Project – Tier-1 gold and nickel address Along strike from Kanowna Belle gold mine (>5Moz) ● Fitzroy Fault – dominant control on mineralisation at Kanowna Belle ● Along trend of the Silver Swan nickel mine ultramafic suite Work program commencing immediately a
Slide 7: Silver Swan South Targets – walk-up drilling opportunities
For personal use only Silver Swan South Targets – walk-up drilling opportunities High Priority gold and nickel sulfide targets Black Eagle EM Priority target www.codrusminerals.com.au 7
Slide 8: Red Gate Project – in the heart of the Edjudina mining centre
For personal use only Red Gate Project – in the heart of the Edjudina mining centre Project in the highly-prized Edjudina Gold centre ● Similar setting and mineralisation to the nearby Porphyry gold mine ● Induced Polarisation (IP) survey anomalies correlate to mineralisation at Porphyry North Work
Slide 9: Red Gate Targets – strong IP targets, historic intercepts
Red Gate Targets – strong IP targets, historic intercepts • Significant IP signature at Porphyry West is largely untested and will be a priority drill target at Red Gate For personal use only www.codrusminerals.com.au 9
Slide 10: Middle Creek Project – in the heart of the Nullagine gold district
For personal use only Middle Creek Project – in the heart of the Nullagine gold district Located in the rejuvenated Nullagine district ● 10km north-east of Novo Minerals Corp’ Nullagine Mill ● No drilling and four prospects with +1g/t Au rock chip samples ● In-fill soils program recently completed W
Slide 11: Middle Creek Targets
For personal use only Middle Creek Targets www.codrusminerals.com.au 11
Slide 12: Bull Run Project (USA)
For personal use only Bull Run Project (USA) Located in Baker City Oregon USA ● Claims over historic small scale mines ● No methodical modern exploration Work Program ● IP to test large disseminated mineralisation model ● Drill test +1g/t Au rock chips samples away from historic workings Significant
Slide 13: Bull Run Project, Oregon USA – Key targets
For personal use only Bull Run Project, Oregon USA – Key targets Figure above illustrates historic drilling by Newmont www.codrusminerals.com.au 13
Slide 14: Indicative Work Schedule
For personal use only Indicative Work Schedule Project Q3-21 Q4-21 Q1-22 Q2-22 Silver Swan Receive Assay Follow up RC / Receive Assay DDH Drilling South (Aus) Results DDH drilling Results Geophysical Receive Assay Red Gate (Aus) RC Drilling Drill Targeting Modelling Results Middle Creek Interpret ne
Slide 15: Codrus Minerals – key investor takeaways
For personal use only Codrus Minerals – key investor takeaways Well-funded following $8m IPO, leveraged to exploration success ● Market cap of just $15m on listing ● $8m in cash, $7m enterprise value ● Highly leveraged to exploration success – 75m shares out, no vendor shares Walk-up drill ready tar
Slide 16: Contact Details
For personal use only ASX l CDR Contact Details Suite 3, Level 3, 24 Outram Street, West Perth, WA, 6005 PO Box 1175, West Perth, WA, 6872 +61 8 9425 5217 +61 8 6500 9982 www.codrusminerals.com.au www.codrusminerals.com.au 16
Slide 17: Competent Person's Statement
Codrus Minerals IPO l Competent Person’s Statement Exploration Results For personal use only • The information in this report that relates to Exploration Results is based on information compiled by Mr Shannan Bamforth who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Bamfort