Rimfire Pacific Mining Limited · ASX:RIM

Rimfire Pacific Mining — Shareholder Meeting (November 2015)

44 slides from Rimfire Pacific Mining's shareholder meeting presentation, Nov 27, 2015

  1. Slide 1: CEO Presentation on the Sorpresa Gold & Silver Project Area

    rimfire pacific mining nl (ASX “RIM”) CEO Presentation on the Sorpresa Gold & Silver Project Area For personal use only and Regional District at Fifield NSW John Kaminsky CEO & Managing Director Rimfire AGM Melbourne Chalcopyrite Rimfire RC drilling 1 27th November 2015

  2. Slide 2: Disclaimer

    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, For personal use only (1) estimates of future capital expenditure; (2)

  3. Slide 3: Presentation Outline

    Presentation Outline For personal use only 3

  4. Slide 4: Project Focus – Fifield NSW

    Project Focus – Fifield NSW For personal use only Cobar Nyngan Sorpresa (gold and silver discovery) Narromine  Focused Exploration Strategy  Emerging Polymetallic mineral district  Gold, Silver, Platinum, Copper  Multiple Deposit styles Fifield Trundle  6 Exploration Licenses, 566 km2  Alluvia

  5. Slide 5: Project Focus – Fifield NSW - LTZ

    Project Focus – Fifield NSW - LTZ  LTZ Corridor of Faults For personal use only  Copper emerging on East margin  Eclipse and Yoes areas  Expanded Tenement position (288km2) Deposit size selected NSW deposits (combined production and remaining resource) Deposit Current Ownership Au Moz Cu Kt Othe

  6. Slide 6: Project Focus – East Lachlan Fold Belt

    Project Focus – East Lachlan Fold Belt Operating Mines For personal use only Major Cross structures at Fifield Tritton (Cu) Straits Resources Mt Boppy (Au) Southern Cross Goldfields Ltd COBAR – 2.2Mt Cu, >7.0Moz Au, >4.7Mt Zn, >2.8Mt Pb and 145Moz Ag (pre-mining) Hera / Nymagee (Au, Cu, Pb, Zn, Ag)

  7. Slide 7: Company Profile – November 2015

    Company Profile – 2 nd November 2015 For personal use only Shares on Issue 744M Ordinary FP; 54M options (5.0 cents, expire Dec 2015) Market Cap. Approx. $14.9M @2.0cents Share Price Movement •2013 High 7.5 cent (Jan), Low 2.8 cent (Dec); 2014 High 3.6 cent (Jan ), Low 1.5 cents (May) •2015 High 3.6

  8. Slide 8: Share Price Performance to Nov. 2015

    ASX:RIM Share Price Performance to 23 Nov. 2015 02-Nov-2010 - 23-Nov-2015 Discovery Trench 31  Risk capital has been on the sidelines 9m @ 4.9g/t Au Price and volume 14m @ 24.4g/t Au & For personal use only 35.0 14m @ 21.9g/t Au 26m @ 155g/t Ag 0.09  Exploration Sector – severe downturn, shoots… 3

  9. Slide 9: Relative price performance

    For personal use only Rebased to 100 90 46 68 112 135 157 23-May-14 04-Jul-14 15-Aug -14 26-Sep -14 07-Nov-14 19-Dec-14 RIM.ASX 04-Feb-15 18-Mar-15 BHP.ASX Relative price performance 01-May-15 23-May-2014 - 23-Nov-2015 12-Jun-15 NCM.ASX 24-Jul-15 NCM > RIM > BHP (18mths) 04-Sep -15 16-Oct-15 Rebased

  10. Slide 10: EV - So how does Rimfire compare?

    EV - So how does Rimfire compare? Enterprise Value (EV) = Market Cap – Cash For personal use only Pre-production ASX listed Gold Companies (Total Resource) Ranked order EV $/Oz 140 120 100 $/oz 80 60 40 20 - LNY CGN GCY PXG GOR MRP BSR AUK WRM GMR AWV Avg. RIM KDR RNS WAF PGO CRB DCN KOR BLK KGM Sou

  11. Slide 11: Company Vision and Strategy

    Company Vision and Strategy  Demonstrate Multimillion Ounce gold equivalent potential  Make more discoveries within 6km radius of Sorpresa, Regional scoping continues For personal use only  Focus on Gold, Silver, Copper & Platinum – Good suite of metals  Build the district branding  Attract pot

  12. Slide 12: Key Technical Milestones

    Key Technical Milestones – 12 mths  Sorpresa Resource Established – assessment for economic potential For personal use only  Sorpresa JORC Resource Dec 2014. approx. 7.9Moz Ag, 125,000oz Au (cutoff 25g/t Ag, 0.5g/t Au)  Combined Gold and Silver resource 6.4Mt  Inferred and indicated, majority in

  13. Slide 13: Key Commercial/Corporate Milestones - 12mths

    Key Commercial/Corporate Milestones - 12mths  Rimfire Strategy Being Delivered For personal use only  Sorpresa assessment in parallel with regional discovery  Enhanced the District Branding attracting partners and value  Risk Mitigation using a prospect portfolio approach  Non Dilutive Funding

  14. Slide 14: China and Asia Engagement Process

    China and Asia Engagement Process  Experienced Rimfire Team For personal use only  Language, culture, project area knowledge  Seeking Capital Sources and collaboration  Marketing Approach, Materials developed, ongoing process  Site visits, materials  Local presence in China  NSW Government su

  15. Slide 15: Summary Progress and Context

    Summary Progress and Context  Rimfire has its Focus exclusively at Fifield NSW – in the LTZ Corridor For personal use only  LTZ Corridor - one of most important Copper/Gold corridors in the world (e.g. Newcrest-Cadia)  Asian investment includes China Molybdenum and Sumitomo, 80km at North Parkes

  16. Slide 16: Discovery costs are rising

    Discovery costs are rising Unit cost per for a moderate-sized Gold or Base Metal discovery in the World For personal use only Average Cost per discovery (2013 US$m) Unit discovery costs have doubled in the GOLD Weighted Average for last decade ~$150m 2000-2009 = $77m Weighted Average for Between 199

  17. Slide 17: Average depth of cover for discoveries - GOLD

    Average depth of cover for discoveries - GOLD World: 2004-2013 Sorpresa was For personal use only FSU + at surface World Rest Pacific EE + Western Latin Average of World SE Asia China Europe Am Africa Aust USA Canada 0 0 3 19 40 29 5 56 53 50 If you exclude South 71 Africa, the average 100 depth of

  18. Slide 18: Cash Reserves and Expenditures have dropped dramatically

    Cash Reserves and Expenditures have dropped dramatically MEDIAN Australian Junior Exploration Company : 1998-June 2014 During a downturn, For personal use only 2013 A$ Million pa “in-field” exploration & development expenditures Cash Reserves are cut the most Cash Reserves are at an all- Exploration

  19. Slide 19: Cash Reserves and Expenditures

    Cash Reserves and Expenditures Rimfire Pacific Mining: December 1998-June 2014 RIM’s expenditures Most of the spend is For personal use only RIM’s cash raisings 2013 A$ Million pa have doubled in “into the ground” are episodic recent years rather than Admin Cash Reserves Exploration & Development RI

  20. Slide 20: Regional Exploration – within 6km radius

    Regional Exploration – within 6km radius RC Drilling Program Planning Sorpresa Deposit 7.9Moz Ag and 125kOz Au For personal use only (0.5g/t Au @ 25g/t Ag cutoff) Northern Gold Area RC Drilling planning for Porphyry Copper-Gold target 6km RC Drilling Lines Tr31 Area ongoing for Au and Ag • structure

  21. Slide 21: Prospect Pipeline – November 2015 - Ranking

    Prospect Pipeline – November 2015 - Ranking For personal use only 21

  22. Slide 22: Advanced Regional prospects

    Advanced Regional prospects For personal use only Table of Comparison of more Advanced Prospects within 6km Radius of Sorpresa Projects Rock Chip Typical Typical Auger Anomaly Historic Location RC Drill Open Other g/t Au Soil ppb Au ppb Au Length Workings Sorpresa 14 @ 24.4 g/t Au 8.8 10~50 20~1,000

  23. Slide 23: Work Conducted during 2015 (Feb~Nov)

    Work Conducted during 2015 (Feb~Nov) For personal use only # of RC Trench # of Auger metres # of RAB metres metres # of RC metres RC Total # of Total Location Soils Rock Chips metres Holes Auger Holes RAB Holes Contractor Holes RIM RIM holes metres Contractor Carlisle 4 382 4 382 Eclipse Trend 703 3

  24. Slide 24: Drilling Conducted during 2015 (Feb~Nov)

    Drilling Conducted during 2015 (Feb~Nov) For personal use only Total Drilling Metres all Types Regional, 126 Carlisle, 382 Yoes Lookout, 1,801 Eclipse Trend, 6,121 Sorpresa, 4,964 Roseneath, 117 Kars, 276 Platina , 524 NSW Govt. grant used also 24

  25. Slide 25: Regional Exploration – Auger, Soils, Rocks

    Regional Exploration – Auger, Soils, Rocks Sorpresa Resource 7.9Moz Jacks Lookout Ag and 125kOz Au For personal use only (0.5g/t Au @ 25g/t Ag cutoff) Glen Iris Golden Green Platina Golden Gillenbine Eclipse Green South Group Twin Shafts Platina Lead SORPRESA Au (ppb) in Auger Yarrabandi Road Carlis

  26. Slide 26: Regional Gold Footprint – Rock Chips Shown

    Regional Gold Footprint – Rock Chips Shown Jacks Lookout Up to 5.7g/t Au For personal use only Glen Iris Up to 8.21g/t Au Up to 1.63g/t Au Up to 8.84g/t Au Golden Up to 6.19g/t Au Green Platina Golden Gillenbine Eclipse Twilight Dam Green South Up to Twin Shafts Group 3.4g/t Au Up to 1.27g/t Au Up t

  27. Slide 27: Regional Exploration – Copper Rockchips on Gold

    Regional Exploration – Copper Rockchips on Gold Sorpresa Resource 7.9Moz Ag and 125kOz Au Up to Jacks Lookout For personal use only (0.5g/t Au @ 25g/t Ag cutoff) 0.35% Cu & 1.1% Cobalt Up to 0.1% Cu Up to 0.04% Cu Glen Iris Up to 0.13% Cu Golden Up to Green 0.62% Cu Up to 0.29% Cu Platina Golden Gil

  28. Slide 28: Regional Magnetics – Auger & Soils, Gold

    Regional Magnetics – Auger & Soils, Gold Jacks Lookout For personal use only Glen Iris Golden Green Platina Gillenbine Golden Eclipse Green South Group Twin Shafts Platina Lead Au (ppb) in Auger Yarrabandi Road Carlisle 1km 28

  29. Slide 29: Eclipse - CO – Yoes Area Gold and Copper

    Eclipse - CO 2 – Yoes Area Gold and Copper Au (ppb) TWILIGHT DAM in Auger (1) Copper at Yoes - RC Chips hole Fi 0559 • Sulphide / Gossan Carbonate – Magnetite – Hematite – For personal use only Occurrences. Sulphide Vein Pyrite –Chalcopyrite – Chlorite - Carbonate Glen Iris • Rock Chips: 6.19g/t Au,

  30. Slide 30: Eclipse Copper Focus–2015

    Eclipse Copper Focus–2015 Au (ppb) in Auger on Airphoto Image Hole Fi0594 (July 2015) 400m 1m @ 0.85% Cu, from 49m  > 3.0km open auger anomaly Au & For personal use only PLUS polymetallic, @ 20ppb Au up to 2m @ 0.34% Cu Eclipse North & 0.42g/t Au from 60m 0.7g/t Au Au-Cu-Ba Target  Rock Chips 18.7

  31. Slide 31: Eclipse Trend and Yoes RC Drilling 2015

    Eclipse Trend and Yoes RC Drilling 2015  Completed 7,000m RC drilling For personal use only  Many were shallow holes in the reconnaissance phase (60~80m)  Copper and/or Gold Anomalous, most holes – need interpretation context  Massive Chalcopyrite (Cu), Fi 588 in Eclipse South  4m @ 6.5% Cu ; 2

  32. Slide 32: Sorpresa – Gold and Silver Resource Update

    Sorpresa – Gold and Silver Resource Update RC Drilling High Grade Review and Roadside Ag / Au  Excellent correlation of Mineralisation to Gravity For personal use only discovery planning 2015~16 Original Sorpresa  Less than 10% of available Join Up geology tested (>4km2)  Potential extensions and

  33. Slide 33: Sorpresa – Trench High Grade Work 2015

    Sorpresa – Trench 31 High Grade Work 2015 13m @ 8.46g/t Au from 17m  Great frequency of High Au For personal use only grades emerging 3m @ 18.93g/t Au from 13m  Shallow (0~40m mainly)  Influence of Structure and contact position (Nth-Sth)  3 lenses seen to date  One hidden (no surface expressio

  34. Slide 34: Sorpresa – Preliminary Oxide Metallurgy - 2013

    Sorpresa – Preliminary 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 hou

  35. Slide 35: Priorities emerging for 2016

    Priorities emerging for 2016 (shown on gold geochem) Target Rank # 1 Target Rank #1 Sorpresa Au/Ag Resource Estimate Eclipse Trend :Transit-GlenIris For personal use only Sorpresa Resource Au/Ag 6.4 Mt for 7.9M oz of Ag and 125K oz of Au Soil Geochem Au/As/Pb/Cu Roadside / Trench31 (at 0.5g/t Au & 2

  36. Slide 36: New Regional Targets on Magnetics

    New Regional Targets on Magnetics Sorpresa For personal use only Au/Ag Resource Isolated high  New EL doubles LTZ magnetic Exposure skarn targets  Strategic Holding Yoe’s Trend  Cu/Au/PGE Potential  Hidden Major Ore Body Potential Potential (under cover) skarns Area of Interest  Diverse Style E

  37. Slide 37: Prospective Regional Geology and Tenement Outlines

    Prospective Regional Geology and Tenement Outlines For personal use only Isolated high  New EL doubles LTZ Sorpresa Au/Ag magnetic Exposure Resource skarn targets  Strategic Holding Yoe’s Trend  Cu/Au/PGE Potential  Hidden Major Ore Body Potential (under cover) Potential skarns Area of Interest

  38. Slide 38: Components of the Plans for 2016

    Components of the Plans for 2016 Regional Discovery programs For personal use only  Complete Geology Interpretation  Complete design and look to deploy Geophysics EM/IP  District surface scoping (creeks, soil; auger) to detect further anomalies  Define Anomalies and prioritise for testing  Test

  39. Slide 39: Rimfire…Value Drivers for Shareholders

    Rimfire…Value Drivers for Shareholders  Fifield NSW District within LTZ – The Right Address for Discoveries For personal use only  LTZ is already host to many existing Copper-Gold mines  Good infrastructure, road, power, skilled labour  Fifield Under Explored - High Grades near surface - Greenfi

  40. Slide 40: Rimfire…Value Drivers for Shareholders

    Rimfire…Value Drivers for Shareholders  4km2 area covering Eclipse, CO2 & Yoes has upside, with limited drilling For personal use only Proven Technology  High Grade intersections, keep us on the radar “Discoveries are  Countercyclical Strategy – Do more work in tough times best made in the  Stan

  41. Slide 41: Thankyou…please stay in touch with the story

    Thankyou…please stay in touch with the story ROADSIDE For personal use only Rights Issue Concludes on Monday – Sign up for our Future! ASX Code “RIM” www.rimfire.com.au rimfire@rimfire.com.au Ph+613 9620 5866 41

  42. Slide 42: 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

  43. Slide 43: Appendix – Additional Benchmark Study

    Appendix – Additional Benchmark Study ROADSIDE For personal use only Full study available at Rimfire website 14th Nov 2014 – Exploration Industry Presentation AGM Nov 2014 Mr Richard Schodde Slide on Industry discovery trends attached Slide on market capitalisation rankings – Junior companies att

  44. Slide 44: 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 Multi Million Ounce Tar

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