Rimfire Pacific Mining Limited · ASX:RIM
Rimfire Pacific Mining — Rimfire Pacific Mining NL — Shareholder Meeting (November 2013)
41 slides from Rimfire Pacific Mining's shareholder meeting presentation, Nov 22, 2013
Slide 1: AGM Presentation November 2013
For personal use only rimfire pacific mining nl (ASX “RIM”) AGM Presentation November 2013 Darren Glover John Kaminsky Colin Plumridge Exploration and Development Manager Executive Chairman Senior Geologist 22 November, 2013 Rimfire Pacific Mining - AGM 2013 1
Slide 2: Disclaimer
For personal use only Disclaimer Disclaimer: This presentation contains “forward looking statements” as defined or implied in common law and within the meaning of the Corporations Law. Such forward looking statements may include, without limitation, (1) estimates of future capital expenditure; (2)
Slide 3: Presentation Outline
For personal use only Presentation Outline
Slide 4: Company Profile – Nov 2013
For personal use only Company Profile – 20 th Nov 2013 Shares on Issue • Placement and SPP 76M shares at 4.3 cents, Sept 2013, $3.3M gross, 12% dilution • 687M Ordinary FP Market Cap. Approx. $24M @3.5 cents Share Price Movement • 2012 High 9.3 cent (Oct), Low 2.5 cent • 2013 High 7.5 cent (Jan), Lo
Slide 5: Share Price Performance
For personal use only Share Price Performance Above average to indices Compare very well to exploration sector Gold and Silver Price decline 30% Note: XKR is S&P/ASX 300 RESOURCES; XMR is S&P/ASX MIDCAP RESOURCES; XTR is S&P/ASX 100 RESOURCES Exploration Sector major correction Market Cap
Slide 6: Key Precious Metal Trends
Key Precious Metal Trends Gold 2012 Gold 2013 For personal use only Silver 2012 Silver 2013 Major Corrections last 12 months Off the bottom - just Bulls include Rick Rule, US-based resource investor, Chairman of SPROTT US HOLDINGS
Slide 7: Key Precious Metal Trends - Platinum
Key Precious Metal Trends - Platinum Platinum 2012 Platinum 2013 For personal use only Corrections but less pronounced The pick of many analysts to outperform in 2014 Good timing to investigate the Platina Lead – residual grade
Slide 8: Project Location – East Lachlan Fold Belt
For personal use only Project Location – East Lachlan Fold Belt Tottenham Wellington Syerston (Ivanhoe) North Parkes (China Mo Co.) Forbes Orange Copper Hill (Golden Cross Resources) McPhillamy’s (REGIS) Lake Cowal Brown’s Creek Cadia Valley (Newcrest) 20km
Slide 9: Project Locations
For personal use only Project Locations Tottenham Wellington Rimfire Pacific Mining NL 6 Exploration Licenses, Contiguous tenement package, Forbes Orange 313 square kms. 210Ha freehold land, Alluvial Gold 1880, Lake Alluvial Platinum 1890, Cowal 20,000Oz Pt historical production. 20km
Slide 10: Correct Geological Setting
For personal use only Correct Geological Setting Syerston Crustal scale, long lived and (Ivanhoe) SORPRESA re-activated LTZ NW faults. Interplay of second order north – south Gilmore Suture associated faults. Structural Intersections and; Deep seated Alaskan Ural North Parkes fractionated in
Slide 11: Geological Setting
For personal use only Geological Setting Crustal scale, long lived and re-activated LTZ NW faults. Interplay of second order north – south Gilmore Suture associated faults. Structural Intersections and; Deep seated Alaskan Ural fractionated intrusives into; Siluro-Devionian Rift-basin sett
Slide 12: Discovery (2007 – 2012)
For personal use only Sorpresa Discovery (2007 – 2012) Gold in Rockchip, Soil and Auger drilling defines a curvilinear anomaly > 20ppb Au over a 1.7km strike. Trenching reveals near surface high grade Gold (9m @ 4.9g/t Au). Drilling defines high grade Au / Ag mineralisation within 5 structural
Slide 13: Discovery (2007 – 2012)
For personal use only Sorpresa Discovery (2007 – 2012) Roadside Ag / Au Gold in Rockchip, Soil and Auger drilling defines a curvilinear anomaly > 20ppb Au over a 1.7km strike. Trenching reveals near surface high grade Gold (9m @ 4.9g/t Au) Old Sorpresa Drilling defines high grade Au / Ag Join
Slide 14: Discovery (2007 – 2012)
For personal use only Sorpresa Discovery (2007 – 2012) Roadside Ag / Au Gold in Rockchip, Soil and Auger drilling defines a curvilinear anomaly > 20ppb Au over a 1.5km strike. Trenching reveals near surface high grade Gold (9m @ 4.9g/t Au) Old Sorpresa Drilling defines high grade Au / Ag Join
Slide 15: Significant Intersections
Sorpresa – Significant Intersections Gold Silver For personal use only 16m @ 5.32g/t Au 20m @ 81g/t Ag Roadside 7m @ 4.24g/t Au 20m @ 97.6g/t Ag 14m @ 24.4g/t Au 26m @ 155g/t Ag 21m @ 1.11g/t Au 20m @ 230g/t Ag Old Sorpresa 13m @ 1.59g/t Au 30m @ 2.39g/t Au 4m @ 21.9g/t Au Boun
Slide 16: Significant Intersections
Sorpresa – Significant Intersections Fi 328 DDH For personal use only 89m to 90m - 1m @ 0.44g/t Au, 53 g/t Ag 90m to 91m - 1m @ 22.7g/t Au, 312g/t Ag 91m to 92m - 1m @ 2.44g/t Au, 75.6 g/t Ag 1m @ 22.7g/t Au, 312g/t Ag 92m to 93m - 1m @ 1.59g/t Au, 78.3 g/t Ag Intersections across a ~1.5km strike,
Slide 17: Drilling
Sorpresa Drilling Significant proportion of early For personal use only exploration drilling utilized an in- house RAB / Percussion Drill Rig. Flexibility, Ability to “Drill early, Drill often” Supplemented with Contractor RC and Diamond. 2012 - 13 Drilling Statistics Holes Metres Auger Dril
Slide 18: Today
Sorpresa Today Data compilation into Digital 3D GIS For personal use only Roadside Ag / Au has been recently completed. Enabled visualization of mineralisation shapes, dips, orientation and revealed areas for immediate drill testing. Systematic RC Drilling commenced Old Sorpresa immediately at
Slide 19: Roadside
Sorpresa – Roadside Discovery Gossan found in outcrop. For personal use only Coincident I.P. Chargeability anomaly. Auger and Percussion drilling define and intersect high grade Silver / Gold mineralisation. Best intersections: 16m @ 5.32g/t Au from 36m, and 20m @ 81g/t Ag from 34m (Fi 227
Slide 20: Roadside
For personal use only Sorpresa - Roadside Orthogonal View looking NW Red < 0.5g/t Au Yellow < 0.2g/t Au Silver < 31g/t Ag Au/Ag shoot displays a consistent 19 degree dip to the East Ag / Au shoot dips 50 degrees to the East.
Slide 21: Roadside
For personal use only Sorpresa - Roadside Orthogonal View looking NW Red < 0.5g/t Au Yellow < 0.2g/t Au Silver < 31g/t Ag Silver dominant Roadside North shoot displays highly encouraging broad 15 – 20m mineralized envelope, with remarkably consistent 50 degree dip.
Slide 22: Roadside
For personal use only Sorpresa - Roadside Looking West Yellow > 0.2g/t Au Red > 0.5g/t Au Silver model @ >31g/t Ag 400m Exploration Target Area (RC Drilling Underway) Current RC drilling at 40m x 40m to 40m x 60m down dip spacing. Open-ended Drill Program – real time Fp XRF results, instant 3D m
Slide 23: Join-Up to Boundary Gate
Sorpresa – Join-Up to Boundary Gate High grade Gold Dominant ROADSIDE For personal use only Shoots of mineralisation identified in soil sampling and auger drilling. Curvilinear orientation, Original interpreted as Listric faults. Sorpresa 200m Bouger Gravity Image, 5 mgal contours
Slide 24: Join-Up to Boundary Gate
Sorpresa – Join-Up to Boundary Gate High grade Gold Dominant ROADSIDE For personal use only Shoots of mineralisation identified in soil sampling and auger drilling. Curvilinear orientation, Original interpreted as Listric faults. Sorpresa Mineralized Shoots can display significant thickness pl
Slide 25: Join-Up to Boundary Gate
Sorpresa – Join-Up to Boundary Gate High grade Gold Dominant ROADSIDE For personal use only Shoots of mineralisation identified in soil sampling and auger drilling. Curvilinear orientation, Original interpreted as Listric faults. Sorpresa Mineralized Shoots can display significant thickness pl
Slide 26: Join-Up to Boundary Gate
Sorpresa – Join-Up to Boundary Gate High grade Gold Dominant ROADSIDE For personal use only Shoots of mineralisation identified in soil sampling and auger drilling. Curvilinear orientation, Original interpreted as Listric faults. Sorpresa Mineralized Shoots can display significant thickness pl
Slide 27: Join-Up to Boundary Gate
Sorpresa – Join-Up to Boundary Gate High grade Gold Dominant ROADSIDE For personal use only Shoots of mineralisation identified in soil sampling and auger drilling. Curvilinear orientation, Original interpreted as Listric faults. Sorpresa Mineralized Shoots can display significant thickness pl
Slide 28: Join-Up to Boundary Gate
Sorpresa – Join-Up to Boundary Gate High Priority initial drill ROADSIDE For personal use only targets identified in 3 target domains. Priority 1 targets around Original the high grade diamond Sorpresa drill intersections. Exploration Drilling to commence in Target A December. 1m @ 24.9g/t Au
Slide 29: Join-Up to Boundary Gate
Sorpresa – Join-Up to Boundary Gate ROADSIDE For personal use only A A* NW Section looking NE Significant potential Up- dip and along strike from diamond intersections. Boundary Gate RC Drilling to commence in December. 1m @ 114g/t Au from 159m DHH 1m @ 24.9g/t Au from 143m DDH
Slide 30: Regional Extensions
Sorpresa – Regional Extensions Currently defined high grade For personal use only Sorpresa shoots largely Fifield Lead (Au) subcrop. Discovery via Soil sampling and Auger Drilling. Extensions to the North and Roadside South are masked by thin cover (<10m). Boundary Gate Exploration in these
Slide 31: Regional Extensions
Sorpresa – Regional Extensions ? ? Currently defined high grade For personal use only Sorpresa shoots largely Fifield Lead (Au) subcrop. Discovery via Soil sampling and Auger Drilling. Extensions to the North and Roadside South are masked by thin cover (<10m). Boundary Gate Exploration in th
Slide 32: Regional Extensions
Sorpresa – Regional Extensions ? ? Currently defined high grade For personal use only Sorpresa shoots largely Fifield Lead (Au) subcrop. Discovery via Soil sampling and ? Auger Drilling. Extensions to the North and Roadside South are masked by thin cover (<10m). Boundary Gate Exploration in
Slide 33: Regional Extensions
Sorpresa - Regional Extensions Twin Shafts For personal use only Shaft #2 46m Deep Significant historical workings on the Sorpresa Trend, Shaft #1 Estimated 46m deep, Steep dip 80 degrees to the North East, Evidence for stopeing at depth, Workings strike up to 120m. Anomalous rock chip s
Slide 34: Rimfire District Targets
For personal use only Rimfire District Targets Emerging Prospect portfolio of 10 variably defined Regional targets. Mixture of grassroots and walk-up drill targets. Recent appointment of a dedicated Principal Geologist to define, advance and prioritize targets. New round of target generation
Slide 35: Rimfire District Targets
Rimfire District Targets Fifield Lead For personal use only Jack’s Lookout Sorpresa Golden Green Yeos Lookout Twin Shafts Eclipse North Bullseye Hill Eclipse Rabber’s Lookout Platina Lead 2km
Slide 36: Summary & Exploration Acceleration
Summary & Exploration Acceleration Prospective, contiguous 313km2 ground holding on the Lachlan For personal use only Transverse Zone, - The Correct Geological address. Disciplined acceleration of activity on multiple fronts across Sorpresa. - Concurrent Diamond, RC, RAB, and Auger drilling. - T
Slide 37: Fifield Gold-Silver
For personal use only Sorpresa – Fifield Gold-Silver What puts Fifield on the radar for large mining companies? There are no firm geological limits to the ultimate size of the Greater Sorpresa Field Sorpresa geology took a big step forward with the diamond drilling programme. It is now possible
Slide 38: Where Sorpresa sits in a Conceptual Model
For personal use only Where Sorpresa sits in a Conceptual Model Conceptual model for varying arc style porphyry and epithermal Cu-Au-Ag mineralisation (Corbett, 2007)
Slide 39: Big Structures in NSW
Big Structures in NSW Rimfire have added big For personal use only structures to this published map
Slide 40: Reasons to Support Rimfire…
For personal use only Reasons to Support Rimfire… Healthy financial position (Cash and Market Cap), Countercyclical Strategy – Do more work in tough times – Stand out, A track record of High Grade intersections, Excellent team assembled at Fifield, building on a strong foundation, Ongoing
Slide 41: Thank You
For personal use only www.rimfire.com.au ROADSIDE Thank You
Rimfire Pacific Mining NL — Shareholder Meeting (November 2013) on 6ix