Slide 1: The Eastern Eyre Copper Project
Renascor Resources Limited ASX code: RNU For personal use only The Eastern Eyre Copper Project Presented at the Mining 2014 Resources Convention Brisbane, 29-30 October 2014 David Christensen, Managing Director Renascor Resources 1
Slide 2: Investment summary
Investment summary For personal use only New Copper Discovery in South Australia • High-grade mineralised system adjacent to untested fault zone • Discovered in first target drilled – 1050 East prospect • 13m at 1.45% Cu, 66 ppm Ag and 0.17% Co (from 215m), including massive sulphide zone of 8m @ 2.
Slide 3: Corporate profile
Corporate profile For personal use only • ASX code RNU • Shares on issue 136.4m Board of Directors • Options 6.2m(1) Chairman of corporate advisory and funds • Cash (30 Sep 14) ~$1.1m Stephen Bizzell management group; previously Executive • Share price (27 Oct 14) $0.028 (Chairman) Director Arrow En
Slide 4: Olympic Dam Belt
Olympic Dam Belt Major copper province For personal use only Prominent Hill 210 Mt @ 1.22% Cu from ~100m depth, discovered 2001 Olympic Dam 9,500 Mt @ 0.82% Cu from ~300m depth, discovered 1975 Carrapateena 800 Mt @ 0.80% Cu from ~500m depth, discovered 2005 Hillside 330 Mt @ 0.6 % Cu from <50m dept
Slide 5: Overview
Eastern Eyre Project Overview For personal use only Tenements & ownership EL 4721, EL 5012 and EL 5236 (100%),EL 5400 and 5401 (option to earn 100%) Access granted – 2013 1050 East Department of Defence restriction lifted Massive sulphides 8m @ 2.2% Cu Renascor commences first comprehensive expl
Slide 6: Compared to other large Cu deposits in region
Eastern Eyre Project Compared to other large Cu deposits in region For personal use only Renascor’s Eastern Eyre Large copper deposits in South Australia Project Location: Olympic Dam corridor ✔ Geology: Host rock associated with Hiltaba granites ✔ Geologic Geology: Gawler Range Volcanics ✔ signatur
Slide 7: 1050 East Geology
1050 East Geology Red Rock For personal use only fault 1050 East discovery Tank Hill volcanic centre in classic (concealed) volcanogenic setting New mines department mapping study identifies Roopena fault zone Freshwell Angle Dam volcanic fault splays sequence (shown in red) Volcanism controlled
Slide 8: 1050 East
1050 East EEDD012 - massive sulphides For personal use only Host rock associated with Hiltaba/GRV Moonabie formation Olympic Dam age Portion of 3m @ 4.0% Cu, 164 ppm Ag and 0.42% Co Hole EEDD012 – portion of massive sulphide interval from 217.5 metres to 221.5 metres Renascor Resources 8
Slide 9: 1050 East Drill results
1050 East Drill results For personal use only High-grade copper in first prospect Freshwell Cu/ Pb anomaly Target drilled area for Massive sulphides next- Cu+Co+Ag phase drilling Situated in southern portion of NNE Freshwell fault splays Large target zone for more 47m @ 0.59% Cu, 55 ppm Ag 4
Slide 10: Immediate drill targets
Eastern Eyre Project Immediate drill targets For personal use only Drill-ready copper targets along strike and adjacent to 1050 East Roopena-Angle Dam fault -- +40km, limited exploration High priority gravity/magnetic targets Recent surface sampling upgrades prospects 1050 East-style/IOCG Dr
Slide 11: Nilginee prospect
Eastern Eyre Project Nilginee prospect For personal use only Large coincident gravity/geochemical anomaly +3MGal amplitude 3km strike-length Centre of gravity feature coincident with magnetic anomaly Along-strike from Arrium’s Moola prospect • Copper-gold mineralisation within a stratabound
Slide 12: Nilginee prospect
Eastern Eyre Project Nilginee prospect For personal use only Large coincident gravity/geochemical anomaly +3MGal amplitude 3km strike-length Centre of gravity feature coincident with magnetic anomaly Along-strike from Arrium’s Moola prospect • Copper-gold mineralisation within a stratabound
Slide 13: Nilginee prospect
Eastern Eyre Project Nilginee prospect For personal use only Recent geochemical work upgrades anomaly Anomalous copper (+50 ppm) from soils over 400m x 400m area Elevated lead, zinc, vanadium and titanium Coincident with gravity high Similar geochemical response to 1050 East Drilling to comm
Slide 14: Knights prospect
Eastern Eyre Project Knights prospect For personal use only Coincident gravity/ geochemical target South of Nilginee along fault trend High amplitude (3MGal) gravity target with coincident geochemistry Anomalous copper (+50 ppm) from soils over 400m of strike, open to south Maximum copper va
Slide 15: Knights prospect
Eastern Eyre Project Knights prospect For personal use only Coincident gravity/ geochemical target South of Nilginee along fault trend High amplitude (3MGal) gravity target with coincident geochemistry Anomalous copper (+50 ppm) from soils over 400m of strike, open to south Maximum copper va
Slide 16: Extension Tank prospect
Eastern Eyre Project Extension Tank prospect For personal use only Standout gravity target High amplitude (6MGal) gravity anomaly Discreet gravity signature within Roopena fault zone Coincident magnetic response in southern target area Limited shallow drilling over magnetised portion has not
Slide 17: Extension Tank prospect
Eastern Eyre Project Extension Tank prospect For personal use only Standout gravity target High amplitude (6MGal) gravity anomaly Discreet gravity signature within Roopena fault zone Coincident magnetic response in southern target area Limited shallow drilling over magnetised portion has not
Slide 18: Target pipeline
Eastern Eyre Project Target pipeline For personal use only Additional high-priority copper targets for 2015 Roopena-Angle Dam fault -- +40km, limited exploration On-going reconnaissance programs have upgraded multiple gravity/magnetic targets Final approvals being sought for drilling in 2015 P
Slide 19: Northern fault targets
Eastern Eyre Project Northern fault targets For personal use only Laura Ozone/Laura Coincident gravity/magnetic targets Along-strike from 1050 East Structural setting comparable to WMC’s historic Spencer IOCG prospect, but with stronger geophysical response Ozone Limited previous drilling ha
Slide 20: Northern fault targets
Eastern Eyre Project Northern fault targets For personal use only Laura Ozone/Laura Coincident gravity/magnetic targets Along-strike from 1050 East Structural setting comparable to WMC’s historic Spencer IOCG prospect, but with stronger geophysical response Ozone Limited previous drilling ha
Slide 21: Highway prospect
Eastern Eyre Project Highway prospect For personal use only Coincident gravity/ geochemical target Northwest of 1050 East along regional fault trend Immediately northeast of Arrium’s Iron Knob iron mine High amplitude (3MGal), 2km gravity target Anomalous copper (+50 ppm) from soils over gra
Slide 22: Highway prospect
Eastern Eyre Project Highway prospect For personal use only Coincident gravity/ geochemical target Northwest of 1050 East along regional fault trend Immediately northeast of Arrium’s Iron Knob iron mine High amplitude (3MGal), 2km gravity target Anomalous copper (+50 ppm) from soils over gra
Slide 23: Southern fault trend
Eastern Eyre Project Southern fault trend For personal use only Untested geophysical targets Multiple prospects identified within fault trend along- strike from 1050 East Limited/no drilling Cocoa Dam: magnetic anomaly along Angle Dam fault trend McMahons: coincident gravity/magnetic target
Slide 24: Southern fault trend
Eastern Eyre Project Southern fault trend For personal use only Untested geophysical targets Multiple prospects identified within fault trend along- strike from 1050 East Limited/no drilling Cocoa Dam: magnetic anomaly along Angle Dam fault trend McMahons: coincident gravity/magnetic target
Slide 25: Uranium Projects: Warrior and Frome
Uranium Projects Warrior and Frome For personal use only Portfolio includes low-cost Location of Renascor’s South opportunities to take advantage Australian projects of increase in uranium price Warrior Advanced, historic uranium project Limited modern exploration Two-fold opportunity: • Moder
Slide 26: Work Program for remainder 2014
Work Program for remainder 2014 For personal use only 1,000 meter RC drill program Follow-up drilling at 1050 East First-pass drilling at Nilginee, Knights, Highway Pipeline of targets for 2015 Drilling to commence next month Renascor Resources 26
Slide 27: Summary
Summary For personal use only New copper discovery at 1050 East Major copper system Olympic Dam copper belt Management successful in target region Immediate follow-on drilling commencing November 2014 Pipeline of new, untested targets to be drill-tested commencing next month Strong news flow
Slide 28: Important notice
Important notice For personal use only Forward Looking Statements This Presentation may include statements that could be deemed “forward-looking” statements. Although Renascor Resources Limited (the “Company”) believes the expectations expressed in such forward-looking statements are based on reason