Rimfire Pacific Mining Limited · ASX:RIM
Rimfire Pacific Mining — Investor Presentation (January 2019)
29 slides from Rimfire Pacific Mining's investor presentation, Jan 29, 2019
Slide 1: Going for gold: Pushing for production
Going for gold Pushing for production 29 January 2019 Craig Riley Business Development Manager in Central NSW by 2022.
Slide 2: Disclaimer
Disclaimer Disclaimer This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This document contains “forward
Slide 3: Rimfire is going for gold
01 Rimfire is going for New focus gold. We are pushing hard for first production 02 Proven people from our Sorpresa gold Going for gold deposit by 2022. 03 Strong pathway SLIDE / 3
Slide 4: New Focus
01 New Focus Going for gold SLIDE / 4
Slide 5: Monetisation of the Sorpresa gold deposit is our highest priority
01 NEW FOCUS A Located in proven Monetisation of the gold precinct Sorpresa gold deposit B is our highest priority. JORC resource C We are now focusing on the Reliable gold Going for gold optimal pathway for the fundamentals project. D Exploration upside SLIDE / 5
Slide 6: Sorpresa is located at Fifield, central New South Wales
01 NEW FOCUS A Located in proven Sorpresa is located at gold precinct Fifield, central New B South Wales in an JORC resource existing gold district C with over 100 years of Reliable gold fundamentals mining activity. Going for gold D Exploration upside SLIDE / 6
Slide 7: Located in proven gold precinct
A Located in proven gold precinct Annual gold production B Annual gold production ~55,000oz ~70,000oz JORC resource C Annual gold production ~600,000oz Reliable gold Going for gold fundamentals D Annual gold production ~220,000oz Exploration upside SLIDE / 7
Slide 8: 80Moz of known gold resources within 150km of Sorpresa
01 NEW FOCUS A Located in proven 80Moz* of known gold resources gold precinct within 150km of Sorpresa. Cumulative AU Approx pa gold Market Cap B Deposit Ownership reserves and resources production (Dec 2018) JORC resource Cadia Valley Operations Newcrest Mining +60Moz 600,00oz $16 billion C Cowal E
Slide 9: Sorpresa has an established JORC resource estimate
01 NEW FOCUS A Located in proven Sorpresa has an gold precinct established JORC B resource estimate of JORC resource 125,000oz gold and C 7.9Moz of silver. Reliable gold Going for gold fundamentals D * 23 December, 2014 ASX announcement Exploration upside SLIDE / 9
Slide 10: Sorpresa has numerous high-grade intersections
01 NEW FOCUS A Located in proven Sorpresa has numerous high- gold precinct grade intersections, including: B JORC resource Fi160 (1) 14m @ 21.9g/t Au from 34m Fi212 (2) 14m @ 24.4g/t Au from 26m C Fi241 (3) 10m @ 1.01g/t Au and 535g/t Ag from 70m Reliable gold Going for gold Fi329 (4) 1m @ 114g/t Au
Slide 11: Turbo-charged gold
01 NEW FOCUS A Located in proven Turbo-charged gold gold precinct B • Safe-haven metal with broad appeal. JORC resource • The World Gold Council* is predicting C future strong support for gold price. Reliable gold Going for gold fundamentals • NSW is Australia’s second-largest gold producing state.
Slide 12: In 2018, approximately 30 tonnes a year
Going for gold *Open file data source from NSW Government Commissioning Year SLIDE / 12 In 2018, approximately 30 tonnes a year, or 90% of NSW’s gold production, came from the Sorpresa district.
Slide 13: Pipeline of significant discovery prospects
01 NEW FOCUS A Located in proven Pipeline of significant gold precinct discovery prospects. B JORC resource • Rimfire exploration licences have potential to host large gold or porphyry copper/gold style deposits. C Reliable gold Going for gold • New interpretations on rock ages could lead to fundame
Slide 14: Proven People
02 Proven People Going for gold SLIDE / 14
Slide 15: We have the team to drive first gold production by 2022
02 PROVEN PEOPLE We have the team to drive first gold production by 2022. We also have the team to Going for gold support ongoing exploration. SLIDE / 15
Slide 16: Project and technical
02 PROVEN PEOPLE Craig Riley Andrew Greville A Business Development Non-Executive Director Project and Manager technical Global experience in B • • Qualified mining engineer. exploration, evaluation • Former General Manager of and mining including at Northparkes. Business Development at Exploration
Slide 17: Project and technical
02 PROVEN PEOPLE Mick Love Colin Plumridge A Geology consultant Geology consultant Project and technical Headed the team that B • • The discoverer of Sorpresa discovered gold at mineralised system. Evolution Mining’s Cowal Project. • Expert prospector with many Exploration and discoveries. evaluatio
Slide 18: Strong Pathway
03 Strong Pathway Going for gold SLIDE / 18
Slide 19: Aspire for first gold at Sorpresa by 2022
03 STRONG PATHWAY Aspire for first gold at Sorpresa by 2022. • The company’s initial aspiration is to be a 10,000oz per annum gold producer in three years. Going for gold • Exploration and resource expansion will continue to be a focus, with the goal of increasing mine life and annual production. SL
Slide 20: Target Schedule
18 months Target Schedule 15 months EIA Ministerial Department EIA Review Approval 12 months Community pathway Environmental Review 6 months Impact Day 0 Engineering Assessment Technical Board Studies Approval EIA Process 39 months 36 months First Ore Development 33 months CIL Plant Constructed path
Slide 21: Contact Information
Contact Information Registered Office Greg Keane • Exchange Tower CFO/Investor Relations Suite 411, Level 4 P +613 9620 5866 21 530 Little Collins Street months Melbourne VIC 3000 E rimfire@rimfire.com.au Going for gold Australia www.rimfire.com.au SLIDE / 21
Slide 22: Shareholder Metrics
Shareholder Metrics ASX:RIM As at 21 January 2019 Cash (as at 30 September 2018) A$0.445m Share price range 2018 H 2.8 cents; L 0.5 cents Shares outstanding (FPO) 1,070M Listed Options outstanding (strike 2.2 cents) 131M Going for gold Unlisted Options outstanding (strike 2.95 cents) 1.5M Market Cap
Slide 23: Appendices
Appendices • Sorpresa maiden resource, 23 Dec 2014 (Slide 9) • ASX Announcements dated (Slide 10); (1) 26 July 2012, (2) 10 October 2012, (3) 18 December 2012, (4) 17 July 2013, (5) 4 December 2015, (6) 29 April 2016 Going for gold • Gold outlook, 2019 (Slide 11) • www.industry.nsw.gov.au (Slide 12)
Slide 24: Sorpresa – Location Map Fifield NSW
SORPRESA – LOCATION MAP FIFIELD NSW Axis of Sorpresa Mineralisation Going for gold SLIDE / 24
Slide 25: Sorpresa – Geological Setting
SORPRESA – GEOLOGICAL SETTING* ✓ Au receptive horizon ✓ Black Silica – up to 30m thick ✓ Shear zone control ✓ Intersecting shears important ✓ Lens-like 3D geometry Going for gold *Conceptual model of the geological setting *Refer to slide 23 for link to the December 2014 resource model announcement
Slide 26: Location Map
LOCATION MAP REGIONAL EXPLORATION AREAS Northern Area Central Area Going for gold Southern Area SLIDE / 26
Slide 27: Southern Area
SOUTHERN AREA Reconnaissance Mapping - Next - Aircore Drilling 110km2 (40 x 50m = 2000m) ✓ Disruptive Thinkers and Genetic Models = New Successes ✓ Interpreting previously unrecognised Ordovician Age Volcanics under cover Going for gold ✓ Potential to host large scale porphyry Cu + Au and Au style d
Slide 28: Central Area
CENTRAL AREA Sorpresa Central Area Macro Setting ✓ Ring Feature in magnetics ✓ Intersection of regionally important structures ✓ Gravity Low (core) 1km Diameter ✓ Best gold intercepts in structural corridor to the north* (20m at 1.1 g/t Au) Current Work ✓ Mapping incomplete Going for gold ✓ Shallow
Slide 29: Northern Area
NORTHERN AREA ✓ Disruptive Thinkers and Genetic Models = New Successes ✓ Interpreting previously unrecognised Ordovician Age Volcanics under cover ✓ Potential to host large scale porphyry Cu + Au and Au style deposits ✓ Reconnaissance Mapping - 10km2 (30%) Complete Next Steps ✓ Complete Reconnaissan
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