Red Rock Resources Plc · LSE:RRR
Red Rock Resources — Regency Mines — Investor Presentation (January 2011)
27 slides from Red Rock Resources's investor presentation, January 2011
Slide 1: Regency Mines - January 2011
ee ee oS) REGENCY
Slide 2: Disclaimer
Disclaimer These presentation slides (the “Slides”) do not constitute an offer to the public or an offer for sale or solicitation to purchase or subscribe for any securities of the Company and they should not be relied on in connection with a decision to purchase or subscribe for any such securities
Slide 3: Corporate Profile
Corporate Profile AIM Listed Company (AIM:RGM) 3 Divisions: Lateritic Nickel and Cobalt Ni/Cu Australia Mining Finance and Technology Share Price: 7.25 pence Market Cap: £34.2m Shares in Issue: 534,192,891 3
Slide 4: Share Price
Share Price Share Price: 6.4p 4
Slide 5: Lateritic Nickel and Cobalt - PNG
LATERITIC NICKEL AND COBALT - PNG 5
Slide 6: Mambare Nickel Exploration Project
Mambare Nickel Exploration Project
Slide 7: Mambare Plateau
Mambare Plateau •Exploration licence area (EL1390) approx. 584km2 • 181 sub-blocks (1’ squares) • Lateritic Nickel-Cobalt Exploration – tropical laterite deposit x2 Vertical Exaggeration • ~20km north of Kokoda District, Oro Province • 20 km long; 5-7km wide; max. elevation 1200m 7
Slide 8: Geology
Geology • Laterite profile underlain by tectonic ultramafics • Covered by a protective ash layer (few m) reducing erosion and weathering rates • Nearby Mt. Lamington volcano, Popondetta
Slide 9: DNi Joint Venture
DNi Joint Venture Aim To combine the Mambare Nickel Laterite property and Direct Nickel Pty Ltd’s (DNi) hydrometallurgical extraction process, and create a management team to develop yjr JV as a substantial producer of Nickel. Project Operating Committee Richard Carlton DNi COO and a professional En
Slide 10: DNi Joint Venture
DNi Joint Venture Drilling to start in order to define the Mambare resource to JORC standards, then pilot testing of the Mambare deposit and complete a pre feasibility study for the project Key Highlights a) An emerging world class nickel project b) One of the lowest capital cost technologies availa
Slide 11: The Challenge
The Challenge Problems with HPAL • High capex/opex • Complicated high intensity plants – large scale operations only The DNi team, backed by Teck Resources, has spent years refining the core technology, • More tailings produced licensing a patented chemical process developed to treat than the origin
Slide 12: DNi Joint Venture
DNi Joint Venture 95% of reagent package (not The plant uses standard materials H2SO4) recycled so leach and is low cost so can start small consumption per tonne 30kg and scale up to meet the needs of the market and the capacity of the resource Low cash operating costs ~$1.8-2.0/lb, before Co Key Fe
Slide 13: DNi JV Programme for 2011
DNi JV Programme for 2011 •4,000 metre initial drill programme at Mambare •April to Q3 2011 •Aim to prove up JORC Indicated and Inferred (possibly some Measured) Resources • GPR, pits, and other exploration •Budget £2m (50:50 split) 13
Slide 14: DNi JV Programme for 2011
DNi JV Programme for 2011 General Area of Exploration, showing 2008 drill lines in south of license area, with old drill holes, pits and trenches Background: Red: over 20 degree slope Blue: under 10 degree slope 14
Slide 15: DNi JV Programme for 2011
DNi JV Programme for 2011 • Close up view of drill areas for 2011 • 200 x 400m grid in N on plateau • 100 x 100m grid infill to S • Next page: 0.8% envelopes of Ni mineralisation 15
Slide 16: DNi JV Programme for 2011
DNi JV Programme for 2011 16
Slide 17: Nickel and Copper in Australia
NICKEL AND COPPER IN AUSTRALIA 17
Slide 18: Lake Johnstone - WA
Lake Johnstone - WA • Approximately 150 kms along strike • Greenstone Belt area, host to many nickel sulphide and gold mines • First phase of drilling completed; Target 1 identifies high Ti and sulphur • VTEM survey completed over Target 1 and 2 newly granted adjacent tenements – awaiting results 18
Slide 19: Lake Johnstone VTEM
Lake Johnstone VTEM Black outline denotes area flown by VTEM survey following the Jerdacuttup Fault line and magnetics 19
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Slide 22: Drilling WA
Drilling WA Drill Holes showing best intersects from Target 1 22
Slide 23: Bundarra - Queensland
Bundarra - Queensland •Granodiorite/hornsfel contact geology, previously mined for copper and gold •Exploration previously done over small areas and not consolidated • Recent Geophysical review has highlighted several oversights in previous exploration. • Reconnaissance Field visit undertaken mid-No
Slide 24: View around Bundarra
View around Bundarra
Slide 25: Bundarra
.Bundarra Phase 1 Yellow, Phase 2 Blue and Phase 3 Red, Black dots are historic drill holes
Slide 26: Mining Finance and Technology
MINING FINANCE AND TECHNOLOGY 26
Slide 27: Historic financing activities and investments
• Historic financing activities – 3 companies to AIM – one Red Rock Resources plc • £1.3m investment in Oracle Coalfields plc, now worth £1.86m • $6m investment in Direct Nickel Pty Ltd www.regency-mines.com 27