Rimfire Pacific Mining Limited · ASX:RIM
Rimfire Pacific Mining — Shareholder Meeting (November 2017)
59 slides from Rimfire Pacific Mining's shareholder meeting presentation, Nov 24, 2017
Slide 1: Annual General Meeting - Project Area at Fifield NSW
rimfire pacific mining nl For personal use only (ASX “RIM”) Annual General Meeting- Project Area at Fifield NSW John Kaminsky CEO & Managing Director 24th November 2017 Steeton Area Transit August 2017 Site Visits Rimfire - New Gold Inc. Planning Tout 1 East
Slide 2: Location and Corporate
For personal use only Fifield Central NSW LOCATION AND CORPORATE 2
Slide 3: Project Focus – Fifield NSW - LTZ
Project Focus – Fifield NSW - LTZ LTZ Corridor of Faults Prime Discovery location For personal use only Gold with Copper district (base metal) District has an increased focus, includes Cobalt Deposit size selected NSW deposits (combined production and remaining resource) Deposit Current Owners
Slide 4: District Neighbours – Geology & Prospects
District Neighbours – Geology & Prospects Platina Resources (ASX: “PGM”) - Owendale For personal use only 24Mt @ 380ppm Sc for 9,100 tonnes of scandium; Australian Mines 31Mt @ 0.52g/t Pt, 0.15% Ni, 0.05% Co for 0.52 Moz of Pt (ASX: “AUZ”) Market Cap $300m Incl. reserve of 3990Kt @550ppm Sc, 0.09% C
Slide 5: Company Snapshot – November 2017
Company Snapshot – November 2017 For personal use only Shares on Issue 943M Ordinary FP Market Cap. Approx. $30.2M @3.2cents Volume last 12 months • Approx. ~500,000 shares/day • Largest 20 Million shares/day; Shareholder Profile – Approx. 2020 shareholders • Board & Management 9% • Top 20 Holders 3
Slide 6: The Board & Management – Strong New team
The Board & Management – Strong New team CA, Bachelor of Commerce (Honours), Executive MBA from the AGSM, with over 30 years experience Ian McCubbing (July 2016) For personal use only principally in the areas of corporate finance and M&A in resources and industrial. Currently a Non-Executive (Chairm
Slide 7: Connected to the project area
Connected to the project area For personal use only 7
Slide 8: Share Price Performance to November 2017
ASX:RIM Share Price Performance to 22 November 2017 For personal use only 4m @ 6.5% Copper Fortuna Gold New Gold Inc Tout East Cobalt Risk capital returning (absent 4 years) Exploration Sector – off the bottom… Liquidity and value now improved Gold sideways in 2017 RIM some good volume eve
Slide 9: Key Metal Prices
Key Metal Prices For personal use only Demand driver battery market, outlook strong Gold Price sideways in 2017 Limited project areas in easy jurisdictions Gold supply Peak in Australia? (Schodde Report) Fifield has a strong focus generated by Gold has sustained discovery/replacement int
Slide 10: Rimfire – New Gold Inc. Partnership
For personal use only Fifield Central NSW RIMFIRE – NEW GOLD INC. PARTNERSHIP 10
Slide 11: New Gold Inc. Public Comments October 2016
New Gold Inc. Public Comments October 2016 New Gold’s, Mark Petersen, Vice President, Exploration, stated: For personal use only “We are excited to work with the Rimfire team as the Fifield Project demonstrates large-scale, world-class discovery potential in a geologic setting very familiar to us”.
Slide 12: Goals and approach to the New Gold Inc. partnership
Goals and approach to the New Gold Inc. partnership For personal use only Aggregated 4 million ounce gold equivalent outcome goal 10 year mine life, lower third of costs The New Gold Inc. and Rimfire combined exploration approaches are complimentary Big picture architecture Nimble focused
Slide 13: New Gold Inc. Deal Outline – No Downside
New Gold Inc. Deal Outline – No Downside A$0.5 million equity investment (Nov 2017) in Rimfire shares at 2.1 cents & New Gold For personal use only Minimum spend $2m in the first year (March 2018) No withdrawal rights New Gold may elect to spend a further A$5m (A$7m total) within the first 3 y
Slide 14: Fifield Project Acceleration – Rimfire influence
Fifield Project Acceleration – Rimfire influence For personal use only RAL 15% Funded by New Gold No restrictions on area, concepts or approach $3m additional spend allowed by Rimfire A credit against JV Continue through Prospect Portfolio list Develop new concepts for testing Grow pro
Slide 15: New Gold Inc. Recent Comments November 2017
New Gold Inc. Recent Comments November 2017 For personal use only New Gold’s, Mark Petersen, Vice President, Exploration, in November 2017 stated: “ Since joining the Rimfire team to explore the Fifield project area a year ago, we are quite pleased with the progress made in the advancement of unders
Slide 16: Progress 2017 - Where Are We Now?
For personal use only Fifield Central NSW PROGRESS 2017 - WHERE ARE WE NOW? 16
Slide 17: Milestones and Important Progress 2017
Milestones and Important Progress 2017 For personal use only Activity Date New Gold Rimfire Comment Magnetics & Radiometrics Jan-Feb ✔✔ ✔ Detailed Covers 669km2 Data Review, Gap Analysis Jan-May ✔ Programs to fill gaps Historic Re-assays Mar-June ✔ Complete data set Spectral Studies Mar-May ✔ Large
Slide 18: Key outcomes from 2017 program initiatives
Key outcomes from 2017 program initiatives For personal use only Extended coverage across entire Tenement package Greater geological & structural understanding At the macro and micro levels Increased geochemistry knowledge Expanded metal suite, including Cobalt New target domains for pot
Slide 19: Drilling and Sampling 2017 YTD November
Drilling and Sampling 2017 YTD November Drilling Summary # metres For personal use only 2017 surface samples Soil, 89, Rocks, 92, 22% 23% DRILLING SUMMARY # OF HOLES LAG, 220, 3, Diamond 41, RC 55% Auger Air core Diamond RC 437, Drilling Summary 2017 to November Rocks LAG Soil Auger Drilling Type #
Slide 20: District Neighbours – Prospects & Geology
District Neighbours – Prospects & Geology Platina Resources (ASX: “PGM”) - Owendale For personal use only 24Mt @ 380ppm Sc for 9,100 tonnes of scandium; Australian Mines 31Mt @ 0.52g/t Pt, 0.15% Ni, 0.05% Co for 0.52 Moz of Pt (ASX: “AUZ”) Market Cap $300m Incl. reserve of 3990Kt @550ppm Sc, 0.09% C
Slide 21: Completed Airborne High Resolution Geophysics
Completed Airborne High Resolution Geophysics Rimfire Tenement Boundary Regional Magnetics Lower For personal use only resolution government data Outside Rimfire Boundary CleanTeQ 2017 expanded detailed geophysics (cover 669km2) 13,000 line km 50m width x 40m height A proxy for geology and str
Slide 22: Aircore Phase & Mapping create new insights
Aircore Phase 1 & Mapping create new insights For personal use only Integrates geophysics, regolith, structure & geology. Work in progress. Transit Gold prospect RC Drilling Au anomalies to followup Targets also include: Topographic lows Shears, on geology contacts Ring structures, (coll
Slide 23: Rimfire Exploration – Major Areas
Rimfire (RAL) Exploration – 6 Major Areas For personal use only Extensive foundation in Geomorphology and mapping Connection of regolith, structure, geophysics, geochemistry Extensive mapping insights 6 Areas, potential for major ore bodies Areas are Predominantly East and North of Sorpres
Slide 24: Prospect Pipeline – November 2017 - Ranking
Prospect Pipeline – November 2017 - Ranking Roadside For personal use only RC Drilling ongoing lens definition SORPRESA Updated Results 2017 Roadside North Resource Definition Project Area Trench 31, Join Up, Boundary Gate Advanced UP Aircore and RC Drilling Projects Oct-Jan 2018 GGS, Twin Shafts Va
Slide 25: Emerging Key Target Area Domains
Emerging Key Target Area Domains For personal use only Greater Transit - Au intersections and Cu/Mo Steeton - Ordovician Age Epithermal- Porphyry (Au-Cu) Fortuna – Gold anomaly to Quartzite Hill areas 1km2 Au Northern View - (~Ben Hur) anomalous (Co, Mn, Au, Ag, Pb, Sb, As, Cu, Zn, Te…) Co
Slide 26: Transit 4km East of Sorpresa - Results Analysed
Transit 4km East of Sorpresa - Results Analysed For personal use only Demonstrates capacity to host additional discoveries. 8 holes were drilled over a strike of 500m An excellent mineralisation hit rate in the drill holes was achieved Transit sits at the intersection of a set of structural
Slide 27: Transit Prospect – Gold in Shears – Copper-Molybdenum
Transit Prospect – Gold in Shears – Copper-Molybdenum For personal use only Fi0807: 36m @ 0.64 g/t Au from surface including Fi0808: 44m @ 0.63 g/t 4m @ 2.32 g/t Au Au from 36m including 20m @ 1.11 g/t Au Fi0810: 30m @ 0.61 g/t Au from 22m including 6m @ 1.65 g/t Au Fi0814: 10m of strong sericite &
Slide 28: Transit - Gold in Multiple Shears?
Transit - Gold in Multiple Shears? Fi0807: 36m @ 0.64 g/t Au For personal use only from surface including: 4m @ 2.32 g/t Au Largest gold intersection (44m) seen to date at Fifield – Open all directions Surface Geochem Surface Geochem Surface Geochem Surface Geochem Surface Geochem Gold in auger leak
Slide 29: Steeton Area – Epithermal/Porphyry
Steeton Area – Epithermal/Porphyry Intrusive Monzonite For personal use only Lapilli (Volcanic Centre, veins, textures, alteration) Lapilli (Volcanic Centre) Important Rocks Located SW of Yoes Trend 400m x 100m open Aircore to provide Altered Intrusive ass. more data Haematite Quartz High Leve
Slide 30: Steeton features on 1VD Magnetics
Steeton features on 1VD Magnetics For personal use only Aircore Phase 1 Gold hits Structure can be seen in Radiometrics Intrusive Monzonite Epithermal – Porphyry Gold and Copper potential Aircore Phase 2 expanded 30
Slide 31: Fortuna Gold LAG sampling with Aircore Phase
Fortuna Gold LAG sampling with Aircore Phase 1 & 2 For personal use only 1km diameter Gold Anomaly with Associated As, Pb zoning Underlying Intrusive entering complex fault zone Model for subtle magnetics Possible IP or EM Alteration Studies Drill direction requires thought 31
Slide 32: Northern View Cobalt on 1VD Magnetics
Northern View Cobalt on 1VD Magnetics For personal use only Upto 1% Cobalt in chips Fault controlled Cobalt bearing sulphides? Faults appear trackable on K radiometrics First pass RC First pass 7 holes, RC Drilling Drilling 7 holes 2 locations Other metals possible, Cu 2 locations Start Dec
Slide 33: Coarser Gold Concept – Colin's Corridor
Coarser Gold Concept – Colin’s Corridor For personal use only DDH Fi0329 114g/t Au (2013) 4km corridor 1m @ 114g/t Au Manganese appears (2013) identical to Northern View Extensive Bulk Sampling to be planned Other metals possible, Pt etc. 33
Slide 34: Next Stages Follow up – Aircore Phase
Next Stages Follow up – Aircore Phase 2 For personal use only Infill Aircore Drill Plan (Phase 2) on Geology and previous Gold Geochemistry (Aircore Drilling Phase 1) Broad Reconnaissance Program Transit Gold New Aircore Drill prospect Hole Plan, Phase 2 (Commenced) Areas for Aircore Phase 2 - Fortu
Slide 35: Increased Aircore Phase Program November 2017
Increased Aircore Phase 2 Program November 2017 For personal use only CleanTeq (ASX: “CLQ”) Tout Intrusive Co, Ni, Sc & Pt Phase 2 Aircore Drill Hole Plan, (Commenced) Sorpresa Deposit Au, Ag Additional Areas for Aircore Phase 2 Approx. 325 holes at average depth 20m for 6,500m Aircore 35
Slide 36: Tout East Concept – Cobalt Potential
For personal use only Fifield Central NSW TOUT EAST CONCEPT – COBALT POTENTIAL 36
Slide 37: Summary – Potential of Tout East Extension
Summary – Potential of Tout East Extension For personal use only New area of assessment to the north of Fifield First postulated based on magnetics Mapping extension by Rimfire in 2017 Concept assembly, field evidence (Laterite) New Gold Inc. Regional Aircore Drilling – Laterite intersecte
Slide 38: Regional Narromine 1VD RTP Magnetic Image
Regional Narromine 1VD RTP Magnetic Image For personal use only CleanTeQ Resource Regional Narromine Sheet 1VD RTP within distinct magnetic low Magnetic image with Rimfire tenement boundaries in red Image highlights Tout Intrusive Complex (TIC) as a distinctive magnetic high The CleanTeq Syerston
Slide 39: District Picture– Tout East Extension
District Picture– Tout East Extension CleanTeQ For personal use only Syerston (Sunrise) Resource Blue Outline Rimfire +/- Ni, Co, PGE, Sc Tenement Boundary Interpreted Eastern zone of Tout Complex on Rimfire Tenement Tout Intrusive Tout Extension? Scale 2km N-S magnetite destruction corridor represe
Slide 40: Rimfire RTP Magnetic Image
Rimfire RTP Magnetic Image For personal use only Rimfire RTP Magnetic image with Rimfire tenement boundaries in red Edge of known over satellite imagery TIC Magnetic high Magnetic imagery doesn’t extend thought to be continuation of TIC over main TIC, but does highlight with associated extension o
Slide 41: Cobalt bedrock geochemistry Tout East
Cobalt bedrock geochemistry Tout East ( on RTP Magnetic Image) Zones of elevated Co observed associated For personal use only with laterite profile in Aircore Drilling Drilling focused on magnetic high zones, with lower magnetic response zone Elevation of Co within untested laterite profile from
Slide 42: Nickel bedrock geochemistry RTP Magnetic Image
Nickel bedrock geochemistry RTP Magnetic Image Magnetic low zone of interest that For personal use only wasn’t drilled by Rimfire RTP Magnetic image previous AC. Similar to magnetic low over satellite imagery with Ni associated with Syerston (Sunrise)? bedrock geochemistry from AC drilling Zones o
Slide 43: Two Cobalt Prospect Areas Planned Drilling Locations
Two Cobalt Prospect Areas Planned Drilling Locations For personal use only CleanTeQ (ASX: “CLQ”) Sunrise (Syerston Deposit) Co, Ni, Sc & Pt Rimfire & CleanTeQ Boundary Tout East Cobalt, Nickel anomaly RC Drilling Area Nov/Dec 2017 New Aircore Drilling Area Planned Ultramafic Geology Northern View Po
Slide 44: Sorpresa Corridor Status
For personal use only Fifield Central NSW SORPRESA CORRIDOR STATUS 44
Slide 45: Sorpresa – Gold and Silver Area Update
Sorpresa – Gold and Silver Area Update Roadside Ag / Au Drilled high Grade lenses For personal use only RC Drilling High Grade Review 2017 Original Sorpresa 2017 assist assessment Join Up 3rd round of metallurgy Boundary Gate East (BGE) Discovery Concepts Boundary Gate Coarser Au Area Corrid
Slide 46: Discovery Growth Opportunities Sorpresa Corridor
Discovery Growth Opportunities Sorpresa Corridor For personal use only Sorpresa Deposit 7.9Moz Ag and 125kOz Au (0.5g/t Au @ 25g/t Ag cutoff) Sorpresa style geology with Au potential Expanded (2016) from 11km2 to 18km2 Less than 10% drill tested Discovery Growth 46
Slide 47: Summary Position
For personal use only Fifield Central NSW SUMMARY POSITION 47
Slide 48: Value Drivers – Executive Summary
Value Drivers – Executive Summary For personal use only Location, LTZ corridor NSW – Excellent discovery setting World Class ore body potential (Gold – Copper footprint) Metal Focus Au, Cu, Ag, Pt - a polymetallic setting plus Cobalt Other metals emerging – Active Neighbours CleanTeQ (Ni, Co
Slide 49: Value Drivers – Executive Summary
Value Drivers – Executive Summary For personal use only Fifield Prospect Portfolio – Risk Mitigation Regular prioritisation of targets Unique Discovery Methodology Best of Large and Small Company Field Activity (7 days/week) - Committed Discovery Work Plans Provide Deeper Context - Value
Slide 50: Thank you
Please stay tuned for updates at Fifield ROADSIDE For personal use only Thank you ASX Code “RIM” www.rimfire.com.au rimfire@rimfire.com.au Ph+613 9620 5866 50
Slide 51: Disclaimer
Disclaimer For personal use only 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 52: Appendices
For personal use only Fifield Central NSW APPENDICES 52
Slide 53: Appendix – Additional Information
Appendix – Additional Information ROADSIDE For personal use only Independent Industry Benchmark studies on Junior Resource Sector available at Rimfire website 14th Nov 2014 – Exploration Industry Presentation AGM Nov 2014 Mr Richard Schodde 27th Nov 2015 - Presentation Exploration Trends Richard
Slide 54: Appendix - 3D Exploration Model (Gold Only Shown)
Appendix - 3D Exploration Model (Gold Only Shown) For personal use only Sorpresa Implicit Model illustrating higher grade Gold mineralisation (Implicit Model is an interpretive exploration model imaging (a) Gold: yellow >0.2g/t Au, red >0.5g/t Au, purple >2g/t Au) – 500m grid lines 54
Slide 55: Appendix - Sorpresa Significant Intersections
Appendix - Sorpresa Significant Intersections Gold Silver (Roadside) For personal use only 16m @ 5.32g/t Au 12m @ 394g/t Ag 7m @ 4.24g/t Au 28m @ 119g/t Ag Roadside 14m @ 24.4g/t Au 26m @ 155g/t Ag 21m @ 1.11g/t Au 20m @ 230g/t Ag Original 13m @ 1.59g/t Au 10m @ 535g/t Ag (incl.
Slide 56: Appendix-Sorpresa Maiden Resource
Appendix-Sorpresa Maiden Resource Maiden Inferred and Indicated Mineral Resource for the Sorpresa Deposit comprises; For personal use only 6.4Mt for 125kOz of gold and 7.9Moz of silver (at 0.5g/t Au & 25g/t Ag cutoff) The Gold dominant portion of the Sorpresa system represents; 3.0Mt @ 1.06g
Slide 57: Appendix-Sorpresa Maiden Resource
Appendix-Sorpresa Maiden Resource For personal use only Table 1: Sorpresa Mineral Resource estimate reported under JORC 2012 Grade Contained Metal Resource Cut off Category Mt (g/t) Au (g/t) Ag Koz Au Moz Ag Indicated 2.0 1.14 27 73 1.7 Gold 0.5 g/t Au Inferred 1.0 0.9 12 29 0.4 Total 3.0 1.06 22 10
Slide 58: Appendix Sorpresa – Oxide Metallurgy - 2013
Appendix Sorpresa –Oxide Metallurgy - 2013 3 composite Oxide Zone Samples across Sorpresa For personal use only Trench 31 at 2m - Au in Silica 3 locations, 130m of mineralization, 30 drill holes Standard 24 hr CIL test at 75 micron Additional Test on Met1 - Silver Roadside* 1 mm 48 hour CI
Slide 59: Appendix – Project Summaries
Appendix – Project Summaries ROADSIDE For personal use only Project Name or Type Metals Current or target Comments Sorpresa Au, Ag 250,000 oz Au eq Resource & can grow Platina-Gillenbine 1 Pt 0.8 ~ 1.0M oz target Bulk sampling proof of concept Regional Portfolio 2 > 30 Au, Cu, Co Multi Million Ounce
Rimfire Pacific Mining — Shareholder Meeting (November 2017) on 6ix