Rimfire Pacific Mining Limited · ASX:RIM
Rimfire Pacific Mining — Shareholder Meeting (November 2014)
48 slides from Rimfire Pacific Mining's shareholder meeting presentation, Nov 14, 2014
Slide 1: Annual General Meeting "Strategy – Delivery"
rimfire pacific mining nl (ASX “RIM”) For personal use only Annual General Meeting “Strategy – Delivery” John Kaminsky Darren Glover Executive Chairman Exploration and Development Manager August, 14th2014 Nov, 2014 Rimfire Pacific Mining 1
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, (1) estimates For personal use only of future capital expenditure; (2)
Slide 3: Presentation Outline
For personal use only Presentation Outline 14th Nov, 2014 Rimfire AGM 2014
Slide 4: Company Profile – November 2014
Company Profile – 14 th November 2014 Shares on Issue 688M Ordinary FP For personal use only • Plus Rights Issue Current 114M shares at 2.0 cents, with free Option @ 5.0 cents exercise • First Rights Issue since 2010 Market Cap. Approx. $13.8M @2.0 cents Share Price Movement • 2012 High 9.3 cent (Oc
Slide 5: Share Price Performance
ASX:RIM Share Price Performance Exploration Sector major correction For personal use only 10-Nov-2010 - 11-Nov-2014 Fi 212 Discovery Trench 31 9m @ 4.9g/t Au Price Fi 160 14mand volumeAu @ 21.9g/t 14m @ 24.4g/t Au And 26m @ 155g/t Ag Liquidity and value decline 35.0 First Percussion 0.09 Gold
Slide 6: Key Precious Metal Trends
Key Precious Metal Trends Gold 2013 Gold 2014 For personal use only Silver 2013 Silver 2014 Major Corrections last 18 months Falls Gold > 30%, Silver > 50% since Feb 2013 - It is a USD denominated commodity sentiment Limited downside risk at these levels? 14th Nov, 2014 Rimfire AGM 2014 6
Slide 7: Key Precious Metal Trends - Platinum
Key Precious Metal Trends - Platinum Platinum 2013 Platinum 2014 For personal use only Corrections 30% since Feb 2013 Many analysts thought outperform in 2014, but has declined since July 2014 Industrial, Consumer Metal Premium to gold maintained 14th Nov, 2014 Rimfire AGM 2014 7
Slide 8: Company Vision and Strategy
Company Vision and Strategy Overall “Prospect Portfolio” Exploration strategy at Fifield For personal use only Regional Prospects developed in parallel with the Advanced Sorpresa Project Risk mitigation, longevity in pursuit of discoveries Focus on Gold, Silver, Platinum, & Base Metals Enh
Slide 9: Project Location – East Lachlan Fold Belt
For personal use only Project Location – East Lachlan Fold Belt Tottenham Wellington Syerston (Ivanhoe) North Parkes (China Mo Co.) Forbes Orange Copper Hill (Golden Cross Resources) McPhillamy’s (REGIS) Lake Cowal Brown’s Creek Cadia Valley (Newcrest) 20km 14th Nov, 2014 Rimfire AGM 2014
Slide 10: Project Focus – East Lachlan Fold Belt
Project Focus – East Lachlan Fold Belt Operating Mines For personal use only 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) Aurelia Wyoming / Caloma (Au) Alka
Slide 11: Project Focus – Fifield NSW
For personal use only Project Focus – Fifield NSW Cobar Nyngan Narromine Focused Exploration Strategy Emerging Polymetallic mineral district, Platinum, Gold, Silver & Base Metals Multiple Deposit styles, Sorpresa Fifield 5 Exploration Licenses, 291 km2. Alluvial Gold 1880, Trundle Allu
Slide 12: Fifield – Emerging Mineral District
Fifield – Emerging Mineral District High Quality Prospect Portfolio For personal use only 25 targets + New Discoveries Conceptual – Grassroots – Greenfields Walk Up Drill Au / Pt Sorpresa Multiple Deposit Styles Carlisle Eclipse Yoe’s Trend Trend
Slide 13: Advanced Projects and Targets
Advanced Projects and Targets Sorpresa – Advanced Project For personal use only Rimfire Grassroots Discovery – 100% Owned, Defined with 323 drill holes for 28,898m (9,369m drilled in the past year) Delivered multiple high grade Gold and Silver Intersections: 14m @ 24.4g/t Au 12m @ 394g/t A
Slide 14: Sorpresa – Significant Intersections
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 Sorpresa 13m @ 1.59g/t Au 10m @ 535g/t Ag (incl.
Slide 15: Sorpresa Au/Ag Envelope
Sorpresa Au/Ag Envelope SOUTH NORTH For personal use only Trench 31 Boundary Gate Join-Up Roadside Original Sorpresa BGE Interpreted Gold and Silver (a) Sorpresa Gold Long Section Mineralized Envelope 1.5km >15g/t Ag >30g/t Ag >60g/t Ag (b) Sorpresa Silver Long Section Roadside and Roadside North Im
Slide 16: Sorpresa – What is it?
Sorpresa – What is it? Variably East dipping, gently folded, For personal use only variably plunging mineralized plane; Comprised of quartz / sericite / muscovite / carbonate / pyrite Interpreted Au/Ag altered, crackle brecciated and “Mineralized Plane” carbonate-sulphide-gold cemented, quartz vei
Slide 17: Sorpresa – What is it?
Sorpresa – What is it? Variably East dipping, gently folded, For personal use only variably plunging mineralized plane; Comprised of quartz / sericite / muscovite / carbonate / pyrite altered, crackle brecciated and carbonate-sulphide-gold cemented, quartz veined meta-siltstone. Sulphide minerali
Slide 18: Sorpresa – What is it?
Sorpresa – What is it? Native Gold formed as ~2 – 50um grains, moderately high fineness (i.e. Au > Ag) For personal use only Most Gold occurs as inclusions in Sphalerite with some in Pyrite and Galena. Silver occurs in Galena and Tennantite – Tedrahedrite. Mineralisation has a low temperatur
Slide 19: Sorpresa – Preliminary Oxide Metallurgy
Sorpresa – Preliminary Oxide Metallurgy 3 composite Oxide Zone Samples across Sorpresa Trench 31 at 2m - Au in Silica For personal use only 3 locations, 130m of mineralization, 30 drill holes Standard 24 hr CIL test at 75 micron Additional Test on Met1 - Silver Roadside* 48 hour CIL, finer
Slide 20: Sorpresa – Regional Extensions
Sorpresa – Regional Extensions Excellent correlation of For personal use only Mineralisation to Gravity Basement topographic Roadside highs produced from quartzite host rocks. Boundary Gate Trench 31 Boundary Gate East “The Gap” RC 1st Vertical Derivative Gravity Image Drilling in progress, resu
Slide 21: Sorpresa – Regional Extensions
Sorpresa – Regional Extensions Excellent correlation of For personal use only Mineralisation to Gravity Basement topographic highs produced from quartzite host rocks. Roadside Regional Exploration tool locating potential Trench 31 extensions and repeats under shallow cover. 1st Vertical Deriva
Slide 22: Sorpresa – Regional Extensions
Sorpresa – Regional Extensions Roadside Ag / Au Excellent correlation of For personal use only Mineralisation to Gravity Original Sorpresa Basement topographic Join Up highs produced from quartzite host rocks. Regional Exploration tool Boundary Gate East (BGE) locating potential Boundary Gate
Slide 23: Regional Exploration
Regional Exploration Sorpresa was the first ….. but is it the BEST? For personal use only Intensive Review of all occurrences, workings and prospects. Assignment of a dedicated Regional Exploration team. Re-processing of all geophysical data sets (IP, Mag, Grav, EM) + New Acquisition Stand a
Slide 24: Regional Exploration – Countercyclical Strategy
Regional Exploration Countercyclical Exploration Strategy – achieving more for less…. For personal use only ALL Project to date (PTD) Drilling Rock Chip Sampling 4,966 holes for 59,999m PTD 43% (431 samples) in the last 12 months 32% completed (19,082m) in the last 12 months comprising: Region
Slide 25: Regional Exploration - Delivery
For personal use only Regional Exploration - Delivery 6km
Slide 26: Regional Exploration - Delivery
For personal use only Regional Exploration - Delivery Golden Green • 31 Undrilled Gold workings • 500m long Auger Gold anomaly >20ppb Au, open • 8.21 and 4.1g/t Au rock chips Rabbit Hill RAB 16m @ 0.32g/t Au 17m @ 0.23g/t Au Golden Green South RC: • 2m @ 12.42g/t Au, Incl. 1m @ 23.6g/t Au • 2m @ 2.3
Slide 27: Regional Exploration - Delivery
For personal use only Regional Exploration - Delivery Golden Green • 31 Undrilled Gold workings Airborne Magnetic / • 500m long Auger Gold Radiometric Survey Area anomaly >20ppb Au, open • 8.21 and 4.1g/t Au rock chips Rabbit Hill RAB 16m @ 0.32g/t Au 17m @ 0.23g/t Au Golden Green South RC: • 2m @ 1
Slide 28: Regional Exploration - Delivery
For personal use only Regional Exploration - Delivery Golden Green • 31 Undrilled Gold workings • 500m long Auger Gold anomaly >20ppb Au, open • 8.21 and 4.1g/t Au rock chips Rabbit Hill RAB 16m @ 0.32g/t Au 17m @ 0.23g/t Au Golden Green South RC: • 2m @ 12.42g/t Au, Incl. 1m @ 23.6g/t Au • 2m @ 2.3
Slide 29: Regional Exploration - Delivery
Regional Exploration - Delivery Glen Iris Yoe’s Lookout • Rock chip highlights • 1.7km long Auger gold anomaly, open • 5.97g/t Au, 0.35% Cu, 1.08% Co • 3.4g/t Au, 2.1g/t Au, 2.3g/t Au rock For personal use only chips Golden Green • Au As Se Te association • 31 Undrilled Gold workings • Calcic Skarn
Slide 30: Prospect Pipeline – Nov 2014
Prospect Pipeline – Nov 2014 Roadside Roadside North Resource Definition For personal use only Trench 31, Join Up, Boundary Gate Advanced UP Projects GGS, Twin Shafts Boundary Gate East, High Grade Intersections UP GGS, Twin Shafts Advanced Geochemical Emerging Anomalies Carlisle, Eurimbla, Glen Iri
Slide 31: Regional Exploration – Carlisle Prospect
Regional Exploration – Carlisle Prospect Highlights For personal use only New discovery in the “Fifield Central Gold Corridor” in the last 2 months. Two target styles: 1. Outcropping quartz-pyrite-arsenopyrite stockwork veined shear zones. Structurally controlled, sediment hosted, orogenic gold
Slide 32: Carlisle Target
rimfire pacific mining nl (ASX “RIM”) For personal use only Carlisle Target 2 “Blind” magnetic target 12.55g/t Au 23g/t Au Carlisle Target 1 13.7g/t Au Rock Chip Outcrop -Looking South • 85m x 40m “basement window” • 85% of rock chip samples returned results > 1g/t, and 20% > 10g/t Au • Up to 23g/t
Slide 33: Carlisle Gold Prospect
rimfire pacific mining nl (ASX “RIM”) RTP 1VD Carlisle Gold Prospect • 23.0g/t Au, 13.75g/t Au, Roseneath Gold Prospect Aeromagnetic • 3.7g/t Au & 1.7g/t rock chips Goldenchrome Gold Prospect For personal use only Image 13.7g/t Au, 12.55g/t Au, 9.06g/t Au, 7.55g/t Au, • Cu up to 1,130ppm & Mo up • 1
Slide 34: Carlisle Copper – Gold Target 2
rimfire pacific mining nl Target 2: (ASX “RIM”) Carlisle Copper – Gold • Banded silica - hematite – magnétite – Magnetic High limonite/pyrite jasper outcrop with trace For personal use only Anomaly Native Cu. • Undrilled. • Up to 1.1g/t Au in quartzite rock chip float. Devonian Sedimentary Ordovicia
Slide 35: Regional Exploration – Eclipse Trend
Regional Exploration – Eclipse Trend Highlights For personal use only Zoned Polymetallic Low Sulphidation Epithermal System, within hydrothermally altered, quartz – feldspar porphyry sub-volcanic intrusive centre. Defined over >2.2km x 0.6kms open and undrilled. Extensive low sulphidation epit
Slide 36: Eclipse North Prospect
rimfire pacific mining nl (ASX “RIM”) Au (ppb) in Auger Eclipse North Prospect LUNAR Ag-Pb-Zn >800m long Au-Cu-(±Bi-Ag- For personal use only PROSPECT Ba) auger anomaly (>20ppb • Up to 32g/t Ag, 0.62% Cu, 0.78% Pb & Au, up to 550ppb Au & 0.23% Zn in rock 1,650ppm Cu). chips. Up to 18.7g/t Au in
Slide 37: Eclipse North and Moonrise Prospects
rimfire pacific mining nl (ASX “RIM”) Au (ppb) in Auger Eclipse North Prospect LUNAR Ag-Pb-Zn >800m long Au-Cu-(±Bi- For personal use only PROSPECT • Up to 32g/t Ag, Ag-Ba) auger anomaly 0.62% Cu, 0.78% Pb & 0.23% Zn in rock (>20ppb Au, up to 550ppb chips. Au & 1,650ppm Cu). ECLIPSE NORTH Au-Cu- R
Slide 38: Lunar Prospect
rimfire pacific mining nl (ASX “RIM”) 0.59% Cu, 0.55% Cu, 7g/t Ag, 0.78% Pb & 0.21% Zn Lunar Prospect LUNAR 100m 0.22% Pb & Discrete Ag-Pb-Zn-Cu-Au- For personal use only 0.10% Co PROSPECT Silver in Auger Co-Ba rich breccia & semi- Anomaly (>480ppb Ag massive sulphide – NW Contour) magnetic target
Slide 39: Regional Exploration – Yoe's Lookout
Regional Exploration – Yoe’s Lookout 200m Two robust emerging targets: For personal use only Target 1: Structurally controlled, sediment (BIF) / greenstone hosted, orogenic gold target. >1.7km long, coherent gold in Yoe’s Lookout auger (>20ppb Au, up to 1.62g/t 6km East Au) anomaly - open to the
Slide 40: Regional Exploration – Yoe's Lookout
Regional Exploration – Yoe’s Lookout Two robust emerging targets: 200m For personal use only Target 2: Possible ‘blind’ Skarn / Porphyry Cu-Au target. Linear magnetic high anomaly (800m x 200m), associated Yoe’s Lookout with up to 200m wide zone of 6km East pervasive silica alteration, >1.7km St
Slide 41: Regional Exploration – Yoe's Lookout
For personal use only Regional Exploration – Yoe’s Lookout Looking North A’ A 14th Nov, 2014 Rimfire AGM 2014 42
Slide 42: Regional Exploration Acceleration - Auger
Regional Exploration Acceleration - Auger Jacks Lookout For personal use only Glen Iris Golden Green Platina Gillenbine Golden Eclipse Green South Group Twin Shafts Platina Lead SORPRESA Au (ppb) in Auger Yarrabandi Road Carlisle 1km www.rimfire.com.au Rimfire AGM 2014 43
Slide 43: Regional Exploration – Auger, Soils, Rocks
Regional Exploration – Auger, Soils, Rocks Jacks Lookout For personal use only Glen Iris Golden Green Platina Gillenbine Golden Eclipse Green South Group Twin Shafts Platina Lead SORPRESA Au (ppb) in Auger Yarrabandi Road Carlisle 1km www.rimfire.com.au Rimfire AGM 2014 44
Slide 44: Regional Exploration – Auger, Soils, Rocks
Regional Exploration – Auger, Soils, Rocks Jacks Lookout For personal use only Glen Iris Golden Green Platina Gillenbine Golden Eclipse Green South Group Twin Shafts Platina Lead SORPRESA Au (ppb) in Auger Yarrabandi Road Carlisle 1km www.rimfire.com.au Rimfire AGM 2014 45
Slide 45: Regional Exploration – Rock Chips
Regional Exploration – Rock Chips Up to 5.7g/t Jacks Lookout Au, 0.35% Cu For personal use only Up to 8.21g/t Au & 1.1% Cobalt Up to 1.63g/t Au Glen Iris Up to 8.84g/t Au Golden Green Platina Gillenbine Golden Eclipse Up to Green South Group 3.4g/t Au Twin Shafts Up to 1.27g/t Au Up to 1.09g/t Au Pl
Slide 46: Regional Exploration – Current Activity
Regional Exploration – Current Activity Jacks Lookout For personal use only Glen Iris RC Drill Resource Ready Definition and Extension Golden RC Drilling Green Underway Platina Gillenbine Golden Eclipse RC Drill Green South Group Ready Twin Shafts Auger Drilling Underway RC Drill Ready Platina Lead
Slide 47: Why continue to support Rimfire…
Why continue to support Rimfire… Fifield District – The Right Address for Discoveries For personal use only Crustal Scale Structural Intersections, Multi-commodity (Gold, Silver, Platinum and Base Metal), Multiple Deposit styles, Large Scale Mineralization Footprint 6km radius of Sorpresa,
Slide 48: Why continue to support Rimfire…
Why continue to support Rimfire… Ongoing programs at Sorpresa – For personal use only Resource Growth and Extension. A track record of High Grade intersections, keeps us on the radar Favourable Geological Models, Carbonate Base Metal Epithermal Au Knowledge gained on the Platinum system – vi
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