Red Metal Limited · ASX:RDM
Red Metal — Investor Presentation (November 2012)
28 slides from Red Metal's investor presentation, Nov 1, 2012
Slide 1: Investor Presentation: Giant Ore Deposits, Discovery Opportunities 2012-2013
For personal use only ASX:RDM Investor Presentation Giant Ore Deposits Discovery Opportunities 2012-2013
Slide 2: Disclaimer
For personal use only Disclaimer Caution Regarding Forward-Looking Statements Statements regarding the Company’s plans with respect to exploring its projects are forward- looking. There can be no assurance that any mineralisation identified will be proven to be economic, that future evaluation w
Slide 3: Corporate Profile
Corporate Profile For personal use only ASX:RDM Issued Capital 123,327,474 Ordinary shares 6,500,000 Unlisted options Directors Rob Rutherford Managing Director Russell Barwick Chairman Joshua Pitt Non-executive Director Well Managed Very attractive asset base Low overheads with
Slide 4: Searching for Giants
For personal use only $0.0 $100.0 $10.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0 $20.0 PEGMONT AREA55 ROVER1 ELOISE WALFORD CREEK MAROCHYDORE ROCKLANDS KANMANTOO E1 / MONAKOFF LADY ANNIE AREA MOUNT ROSEBY BROWNS EAST LADY LORETTA MOUNT ROSEBY CuAu OSBORNE “Cash Flow” SELWYN (STARRA) BROWNS DEGRUSSA
Slide 5: Searching for Giants
For personal use only $0.0 $100.0 $10.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0 $20.0 PEGMONT AREA55 ROVER1 ELOISE WALFORD CREEK MAROCHYDORE ROCKLANDS KANMANTOO CDU: $880M E1 / MONAKOFF LADY ANNIE AREA MOUNT ROSEBY BROWNS EAST LADY LORETTA MOUNT ROSEBY CuAu OSBORNE “Cash Flow” SELWYN (STARRA) IVA:
Slide 6: Short Term Project Focus
Short Term Project Focus For personal use only Silver-Lead ± Zinc QLD Maronan Silver-Lead ± zinc Cannington look alike Copper ± Gold QLD New geological model High-grade intercepts - Cannington grades Sandy Creek (plus AgPbZn) Recently drillied significant off-hole EM target Corkwood (Xstra
Slide 7: Mount Isa Inlier
Mount Isa Inlier Mount Isa Inlier For personal use only Worlds most productive silver- lead-zinc terrain and geological time period Giant silver-lead-zinc deposits include Cannington, Mount Isa, George Fisher, Century,Lady Loretta, Dugald River, HYC and Broken Hill Significant copper deposit
Slide 8: Cannington Mine
Cannington Mine BHPB owned 100% For personal use only Cannington Plan Worlds largest silver and lead mining operation One of the worlds lowest cost producers Total published resources Underground (1998) 500m 48Mt @ 11.6% lead, 4.4% zinc, 538g/t silver Open Pit (27 June 2012) 77Mt @ 5
Slide 9: Maronan: Cannington or Broken Hill-type Silver-Lead deposit
Maronan Cannington or Broken Hill-type For personal use only Silver-Lead deposit 100% Red Metal 120 kilometres north of Cannington Mine, 50kilometres south of rail infrastructure Under 50 metres of transported cover
Slide 10: Maronan geology
Maronan Hosted in a zoned carbonate, For personal use only sulphide, silicate and magnetite facies banded iron formation (BIF) Within Mount Norna Quatzite Sequences within Soliders Cap Group Distinct regional magnetic high related to banded iron formation host rock Along regional gravity lin
Slide 11: Maronan geology
Maronan Hosted in a zoned banded iron For personal use only formation (BIF) carbonate, sulphide, silicate and magnetite facies Within Mount Norna Quatzite Sequences within Soliders Cap Group Distinct regional magnetic high related to magnetite in banded iron formation host rock Along reg
Slide 12: Historic Drilling
Maronan Historic Drilling 35 wide spaced core holes on For personal use only 200m x 200m spacing Two separate, parallel, banded iron formation (BIF) horizons Each BIF is about 50m true width Zoned from distal iron oxide - silicate to iron sulphide (pyrrhotite)-carbonate towards the core
Slide 13: Recent Drilling
Maronan Recent Drilling Targeting For personal use only North plunge interpretation Strong off-hole conductors MRN12003B 10.6 @ 5.5% Lead 208g/t silver
Slide 14: Comparison with Cannington cross section
Maronan The giant Cannington deposit is For personal use only folded and transitions from bifurcated parallel ore beds to a massive thicker ore body at depth MRN12003B 10.6 @ 5.5% Lead 208g/t silver MRN12003B 10.6 @ 5.5% Lead Cross Section 208g/t silver Comparison with Cannington Section 4700N at sa
Slide 15: Does Maronan transition to a giant massive body?
Maronan Does the Maronan prospect For personal use only transition to a giant massive body to north, above and at depth? MRN12003B 10.6 @ 5.5% Lead 208g/t silver MRN12003B 10.6 @ 5.5% Lead Cross Section 208g/t silver Comparison with Cannington Section 4700N at same scale
Slide 16: High-Grade Silver-Lead Ore Textures
Maronan For personal use only Remobilised, coarse-grained, breccia, vein fill and bedded, strong pyrrhotite 20% Lead, 657 g/t Silver Bedded, medium to coarse-grained, recrystallised, folded, strong pyrrhotite 12.25% Lead, 227g/t Silver Bedded, fine-grained 13.35% Lead, 225g/t Silver High-Grade Silve
Slide 17: Strong Conductor
Maronan For personal use only Remobilised, coarse-grained, breccia, vein fill and bedded, strong pyrrhotite 20% Lead, 657 g/t Silver Strong Conductor
Slide 18: Recently Drilled MRN12003B
Maronan For personal use only Bedded, medium-grained, lead sulphide in carbonate (Ore Facies) Mixed bedded, fine-grained, lead & iron sulphide in carbonate Recently Drilled MRN12003B 10.6 @ 5.5% Lead, 208g/t Silver 16% Lead Equivalent
Slide 19: Will the BIFs transition to lead sulphide facies?
Maronan Will the BIF’s transition from >50 metre thick intervals of iron sulphide facies to thick intervals For personal use only of lead sulphide facies to north and at depth ? Bedded, fine-grained, iron sulphide (minor galena) in carbonate (Iron Sulphide Facies) Over 50 metre true width in both Up
Slide 20: MRN12003B intercepts table
Maronan Hole ID From Intercept Lead Zinc Silver Gold True Lead (m) (m) wt% wt% g/t g/t Thickness (m) Equivalent For personal use only wt% MRN12003B Upper BIF 1143.2 2.65 1.95 1.49 28.3 2.0 4.7 plus 1168.35 2.95 10.12 3.68 154.5 0.5 2.3 22.6 plus 1201 3.53 7.17 58.9 2.9 10.2 Lower BIF 1227.8 15.95 4.
Slide 21: Modern Day Vents
Maronan For personal use only Modern Day Vents Deposited at Ancient Seafloor as Zoned Vent System Possibly similar to modern day “White Smokers” or “Black Smokers” Zoned from distal Iron Oxide-Silicate to Iron Sulphide (Pyrrhotite)- Carbonate to Ore Sulphide-Carbonate towards the core Zonati
Slide 22: Will the BIFs transition to thick lead sulphide intervals?
Maronan Will the BIF’s transition from >50 metre thick intervals of iron sulphide facies to For personal use only thick intervals of lead sulphide facies to north , above and at depth ? MND21 70m @3% Lead Weathered Rock MRN12004B Planned Hole MRN12003B 10.6 @ 5.5% Lead 208g/t silver MRN12004B Planne
Slide 23: Short Term Project Focus
Short Term Project Focus For personal use only Silver-Lead ± Zinc QLD Maronan Silver-Lead ± zinc Cannington look alike Copper ± Gold QLD New geological model High-grade intercepts - Cannington grades Sandy Creek (plus AgPbZn) Recently drillied significant off-hole EM target Corkwood (Xstra
Slide 24: Sandy Creek
Sandy Creek Red Metal 100% For personal use only Strong conductor near bulls eye magnetic target modeled at 120 metres below surface Located within Osborne structural corridor Nearby Cannington-type mineralisation at Previously Untested Pegmont and Anitra Strong Conductor prospects Targeti
Slide 25: Sandy Creek
Sandy Creek For personal use only Anitra Prospect Previously Untested Bedded Ag-Pb-Zn sulphide mineralisation Strong Conductor Adjacent to Magetic Target Sandy Creek Magnetic Image Sandy Creek Late-Time Conductivity Image
Slide 26: Nextisa
Nextisa Red Metal 100% For personal use only Used new gravity and magnetic data to map southern extension to Mount Isa Fault Identified untested shale basin potentially hosting “Isa Equivalent” shales Only 400-600m cover New EM technologies should map prospective sulphide-bearing sequences
Slide 27: Pernatty Lagoon
Pernatty Lagoon For personal use only Gawler Craton, Olympic Domain, SA Stand out regionally gravity and magnetic target Halo alteration comparable with giant Olympic Dam deposit Magnetite-siderite ±hematite copper association Drill ready targets
Slide 28: Pernatty Lagoon
Pernatty Lagoon For personal use only Chalcopyrite-magnetite veins From 1660m to 1834m at end of hole up to 0.8% Cu 0.15ppm Au 3D UBC Magnetic Model – Long Section View Facing West Gawler Craton, Olympic Domain, SA Stand out regionally gravity and magnetic target Halo alteration comparable wit