Slide 1: Benmara's Tier-1 Scale Minerals System Potential
12 September 2024 BENMARA’S TIER-1 SCALE MINERALS SYSTEM POTENTIAL HIGHLIGHTS • Independent review of Resolution’s Benmara Project, in Northern Territory, concludes that the Project is highly prospective for Tier-1 scale Iron Oxide Copper Gold (IOCG), Sedimentary Exhalative (SEDEX), Sedimentary-host
Slide 2: Key take aways of Benmara continued
ASX RELEASE Key take aways of Benmara CONTIUNED… ➢ The project hosts several Mount Isa Cu-type targets with coincident discrete Cu-Co-Zn geochemical anomalies and geophysical GEOTEM/VTEM anomalies, which are located on the mineralised Fish River Fault (the Walford Creek Deposit occurs on the Fish Ri
Slide 3: The Exploration Potential of Resolution Minerals' Benmara Project
The Exploration Potential of Resolution Minerals’ Benmara Project ➢ The potential exists for the discovery of large-scale, For personal use only Tier-1 deposits at Resolution Minerals Ltd (ASX: RML) Benmara Project (100% owned) ➢ Validated Exploration Models include: ➢ Iron Oxide Copper Gold (IOCG)
Slide 4: Benmara Project Tenement Holding
Benmara Project Tenement RML’s Benmara Project. Holding (100% owned by Resolution South32/Encounter Jessica Project. For personal use only ➢ RML’s Benmara Project comprises seven ELs (six that are granted) RML’s Carrara ➢ RML’s Benmara and Carrara Range Range Project. projects have a combined total
Slide 5: Resolution's Benmara Project Tenement Details
Resolution’s Benmara Project Tenement Details EL31287 • Ownership: Xavier Resources Pty Ltd (100%) EL32850 • Grant Date: 13 December 2016 • Ownership: Xavier Resources Pty Ltd (100%) For personal use only • Expiry Date: 12 December 2024 (valid for 4 further months) • Grant Date: 4 April 2022 • Area:
Slide 6: A Regional Perspective of the Benmara Project
A Regional Perspective of the Benmara Project The Benmara Project overlaps with two GSA regional study areas. The study has far- The Benmara Project hosts southern reaching positive implications for Benmara. McArthur Basin, Murphy Province Walford Deposit For personal use only and South Nicholson Ba
Slide 7: Benmara Regional Setting and Known Tier-1 Deposits in the Region
Benmara Regional Setting and Known Tier-1 Deposits in the N Region McArthur River. 200km ➢ The Benmara Project is located within the For personal use only Teena. prolifically endowed Carpentaria Redbank. Province (comprising the McArthur Basin- RML’s Westmorland. Lawn Hill Platform-Mount Isa Inlier
Slide 8: Gravity Defines Broad Corridor Prospective for Tier-1 Deposits Across Benmara
Gravity Defines Broad Corridor Prospective for Tier-1 Deposits Across Benmara ➢ A regional gravity trend runs SW-NE across Benmara, forming a series of anastomosing gravity high ridges which coincide with/defines the Brunette Downs Rift Corridor (transparent yellow shading) ➢ The many structural com
Slide 9: Magnetics Connects IOCG Target and Cu-hole to Benmara
Magnetics Connects IOCG Target and “Cu-hole” to Benmara ➢ The Brunette Downs Rift Corridor is also reflected in magnetics with many magnetic features, including broad areas (transparent yellow shading) and individual anomalies ➢ Coincident magnetic and gravity anomalies are highly attractive IOCG ta
Slide 10: Benmara Regional Geology
Benmara Regional Geology 50km ➢ Benmara can be divided into three geological areas: 1) A northeastern area mostly comprising Murphy Province (tan); For personal use only 2) A central-north and central N-S area mostly comprising the Accident Subgroup (purple) and Wild Cow Subgroup (red) and Benmara G
Slide 11: Revised Basin Stratigraphy Greatly Enhances Tier-1 potential at Benmara
Revised Basin Stratigraphy Greatly Enhances Tier-1 potential at Benmara The New Tectono-Stratigraphic of Benmara For personal use only ➢ Accident Subgroup which occurs extensively at Benmara is now stratigraphically a lot older and part McArthur River. Mount Isa. of the McNamara Group ➢ The McNamara
Slide 12: Old and New Geological Setting of Benmara
Old and New Geological Setting of Benmara Extensive South Nicholson Basin sediments (brown) become McNamara Basin-equivalent sediments (blue). For personal use only The SEDEX/Mount Isa Cu potential is very greatly heightened. Geological map from C. J. Carson, N. Kositcin, J. R. Anderson & P. A. Hens
Slide 13: Previous Exploration – Coolabah Minerals / Cedar Resources
Previous Exploration – Coolabah Minerals / Cedar Resources Benmara Co-Cu-Zn-Pb, U, Au Project Coolabah-Cedar (CMCR) applied Mount Isa Cu-Co/Pb-Zn and CMCR’s Unconformity-related U Exploration Models to the Benmara project area former Benmara project area. For personal use only and successfully gener
Slide 14: Coolabah-Cedar Confirms Sedimentary-hosted Mount Isa-Walford Creek Cu-Co Exploration Model
Coolabah-Cedar Confirms Sedimentary-hosted Mount Isa-Walford Creek Cu-Co Exploration Model ➢ Strong discrete Cu-Co-Zn soil geochemical anomalies coincide with GEOTEM airborne EM anomalies (Soil Program completed by Cedar For personal use only Resources. Results obtained from D. Rawlings, Cedar Resou
Slide 15: Previous Exploration - Past Drilling Campaigns
Previous Exploration - Pass Drilling Campaigns ➢ Past drilling at Benmara had focussed on diamond and uranium mineralisation For personal use only ➢ No past drilling within the project area appears to have tested base metal mineral systems ➢ Ashton’s drill hole CJ1139 (EOH: 150m) just outside Benmar
Slide 16: RML Generates Mount Isa-Walford Creek Cu-Co Targets (2021)
RML Generates Mount Isa-Walford Creek Cu-Co Targets (2021) ➢ RML’s identified two VTEM anomalies located on the Fish For personal use only River Fault ➢ These are in addition to the two Tier-1 Deposit Cu-Co-Zn geochemical and Corridor. GEOTEM anomalies also on the Fish River Fault (Refer to Slide 12
Slide 17: RML Drilling Programs Confirm Mount Isa-Walford Creek Cu-Co Exploration Model
RML Drilling Programs Confirm Mount Isa-Walford Creek Cu-Co Exploration Model ➢ Thick sequences of pyritic shale (in the Benmara Group) with increasing carbonate alternation towards Benmara Fault For personal use only ➢ Geochemical (Fe-Mn-Th) pathfinder zoning increasing towards Benmara Fault ➢ Core
Slide 18: Spinnaker's Bowgan Project adjacent to Benmara
Spinnaker’s Bowgan Project adjacent to Benmara helps spotlight the IOCG, SEDEX and Unconformity Uranium Potential For personal use only ➢ Spinnaker’s Exploration Model RML’s Benmara Project. for Bowgan includes: SEDEX (McArthur River type), IOCG and Unconformity Uranium (Athabasca type) ➢ Bowgan and
Slide 19: South32 2024 Drilling Program Zeta Target
South32 2024 Drilling Program Zeta Target (Gravity [L], Magnetics [R]). ➢ The Encounter-South32 JV is drilling at the Jessica Project ➢ The Exploration Model is IOCG mineralisation, and For personal use only they are focussing coincident magnetic and gravity anomalies Benmara is located on the same
Slide 20: IOCG Model and SEDEX Model
For personal use only IOCG Model SEDEX Model SEDEX Sedimentary Exhalative Ore Deposits Modified from J.P. Richards et al 2013 Modified from J911 Metallurgist https://doi.org/10.1130/G34275.1 (911metallurgist.com) SEDEX deposits are related to IOCGs (part of the CGI clan of deposits which hydrotherma
Slide 21: Mount Isa (Cu-Co) - Walford Creek Model
Mount Isa (Cu-Co) - Walford Creek Model Modified from Walford Creek Deposit, Chapter 19, Northwest Mineral Province Deposit Atlas https://espace.library.uq.edu.au/data/UQ_f5c1c1a/Chapter_19_Walford_Creek For personal use only The Mount Isa Cu [Co] deposit is a unique sedimentary-hosted mineral syste
Slide 22: IOCG Analogue for Benmara – the Ernest Henry Deposit
IOCG Analogue for Benmara – the Ernest Henry Deposit ➢ Located in the Easter Fold Belt (of the Mount Isa Inlier) (Refer to slide 5) ➢ Located adjacent to the NNW-SSE Cloncurry Fault Zone ➢ Local geology includes Paleoproterozoic sediments (1760-1660Ma) and For personal use only volcanics intruded by
Slide 23: IOCG Potential at the Benmara Project
IOCG Potential at the Benmara Project Benmara is highly prospective for Tier- For personal use only 1 scale IOCG mineralisation ➢ Benmara is centrally located on a TISA IOCG RML’s Benmara Prospectivity corridor which coincides with the Project. Brunette Downs Rift Corridor (Refer slide 4) ➢ Benmara
Slide 24: SEDEX Analogue for Benmara – the McArthur River (HYC) Deposit
SEDEX Analogue for Benmara – the McArthur River (HYC) Deposit ➢ Located in the southern McArthur Basin (part of the Carpentaria 1,200km long Zn Belt) (Refer to slide 5) ➢ Located adjacent to the NNW-SSE Emu Fault (which trends southwards to Benmara (Refer to slide 6) For personal use only ➢ Hosted i
Slide 25: SEDEX Potential at the Benmara Project
SEDEX Potential at the Benmara Project Benmara is highly prospective for Tier-1 scale SEDEX mineralisation Benmara hosts: For personal use only ➢ Lithologies assigned to the McNamara Group which is stratigraphically equivalent to the Mount Isa Group (in QLD) and the McArthur Group (McArthur Basin NT
Slide 26: Sedimentary-hosted Mount Isa Cu-[Co] Analogue for Benmara – Walford Creek
Sedimentary-hosted Mount Isa Cu-[Co] Analogue for Benmara – Walford Creek Walford Creek is a polymetallic Cu-Pb-Zn-Ag-Co-(Ni) sedimentary-hosted sulphide system deposit For personal use only ➢ Located in the southern McArthur Basin (part of the Carpentaria 1,200km long Zn Belt) (Refer to slide 5) ➢
Slide 27: Sedimentary-hosted Mount Isa Cu-[Co] Potential at the Benmara Project
Sedimentary-hosted Mount Isa Cu-[Co] Potential at the Benmara Project Benmara is highly prospective for Tier-1 scale Mount Isa/Walford Creek mineralisation Benmara hosts: For personal use only ➢ The same lithologies as Walford Creek polymetallic deposit assigned to the McNamara Group which is strati
Slide 28: Unconformity Uranium Analogue for Benmara: Westmoreland
Unconformity Uranium Analogue for Benmara: Westmoreland ➢ Located on the margin between the southern McArthur Basin and the Murphy Inlier of the Carpentaria Province (Refer to slide 5) ➢ Hosted in basal McArthur Basin Westmoreland For personal use only Conglomerates (ca 1800-1750Ma) sitting unconfor
Slide 29: Unconformity Uranium Potential at the Benmara Project
Unconformity Uranium Potential at the Benmara Project Benmara is highly prospective for For personal use only unconformity-related uranium mineralisation Benmara hosts : ➢ Known Westmoreland type uranium mineralisation (known as Anomaly A) ➢ Basal McArthur Basin sediments including stratigraphic equ
Slide 30: Mineral Systems Search Areas of the Benmara Project
Mineral Systems Search Areas of the Benmara Project The following areas are primary Unconformity U focus areas only for each 50km • Known U Exploration Model, with other For personal use only Drill hole CJ1139 with 8m • Paleoproterozoic conglomerates parts of the project also possible. interval of 3
Slide 31: Recommended Next Steps at the Benmara Project
Recommended Next Steps at the Benmara Project ➢ There is potential for Tier-1 IOCG mineralisation associated with deep regional structures with the right geophysical expression For personal use only ➢ There is potential for Tier-1 SEDEX mineralisation associated with Paleoproterozoic McNamara Group
Slide 32: The Exploration Potential of Resolution Minerals' Benmara Project: Key Takeaways
The Exploration Potential of Resolution Minerals’ Benmara Project Key Takeaways: ➢ Benmara has a large exploration footprint: 90% granted; and in good standing) For personal use only ➢ Benmara (and Carrara Range) are adjacent to the South32-Encounter JV Jessica and Carrara project ➢ Province has had