Red Metal Limited · ASX:RDM
Red Metal — Sydney Resources Round-Up May 2021
38 slides from Red Metal's conference presentation, May 4, 2021
Slide 1: Red Metal in 2021
For personal use only ASX:RDM SYDNEY RESOURCES ROUND-UP MAY 2021 RED METAL IN 2021
Slide 2: Wealth of New Discoveries Driving Major/Junior Investment
Australia Wealth of New Discoveries Driving Major/Junior Investment For personal use only • Oak Dam / BHP - Large high grade iron oxide copper-gold Gawler / SA • 425m at 3.0% copper 0.6g/t gold, 6g/t silver including 180m at 6.1% copper 0.9g/t gold, 13g/t silver • Khamsin / OZ Minerals - Large iron
Slide 3: Wealth of New Discoveries Driving Major/Junior Investment
Australia Wealth of New Discoveries Driving Major/Junior Investment For personal use only • Boda / Alkane - Porphyry gold-copper $430M MacQuarie Arc / NSW • 1067m at 0.55g/t gold and 0.25% copper including 512m at 1g/t gold and 0.44% copper • Fosterville / Kirkland - Bonanza grade orogenic gold Tasm
Slide 4: Projects: Base Metal Focus
Projects Base Metal Focus Market Cap $34M For personal use only • OZ Minerals Alliance Funded Projects OZL Right to Earn 51% - RDM 49% • Yarrie: extensive AEM surveys starting June 2021, Paterson Province - WA • Three Ways: MT conductors, GEM follow-up Ni, Cu and PGE - QLD • Gulf: drilling on IOCG b
Slide 5: Paterson Province: Yarrie Copper-Gold
Paterson Province Yarrie Copper-Gold • Proven Terrian For personal use only • Giant granite-related gold-copper at Telfer • New gold-copper discoveries at Winu and Haverion (weak regional magnetic bulls-eye targets) • Nifty (>176Mt @ 1.3% Cu) - Mount Isa style • Sedimentary-Hosted copper and cobalt
Slide 6: Paterson Province: Yarrie Copper-Gold
Paterson Province Yarrie Copper-Gold For personal use only Havieron Winu and Yarrie Red Metal Magnetic Targets Along High Gravity Ridge Telfer Havieron High Gravity Untested Bullseye High GravityMagnetic Target Ridge Ridge Along High Gravity Ridge Total RTP Magnetic Image Vertical Gradient Magnetic
Slide 7: Paterson Province: Yarrie Copper-Gold
Paterson Province Yarrie Copper-Gold For personal use only Havieron Winu and Yarrie Red Metal Magnetic Targets Red Metal Magnetic Targets Along High Gravity Ridge Along High Gravity Ridge Telfer Havieron High Gravity Untested Bullseye High GravityMagnetic Target Ridge Ridge Along High Gravity Ridge
Slide 8: Mount Isa Inlier
8 Mount Isa Inlier • Proven Carpentaria Zinc Province For personal use only • Worlds most productive zinc-lead-silver terrain • 1.7Bn tonnes of lead-zinc-silver ore • >120Mt of zinc, 84Mt lead and 5.36Boz of silver • Multiple Large/Giant Zinc-Lead-Silver Deposits • McArthur River • Teena (~600m cove
Slide 9: Three Ways: New MT Data Imaging Below Conductive Cover
Three Ways New MT Data Imaging Below 300m of Conductive Cover For personal use only • Magnetotelluric (MT) Surveying • Along trend from the Dugald River Lead-Zinc-Silver Mine where terrain extends under 200-400m of younger cover • Source potentially base metal prospective stratigraphy • Unresolved w
Slide 10: Three Ways: New MT Data Imaging Below Conductive Cover
Three Ways New MT Data Imaging Below 300m of Conductive Cover For personal use only • Magnetotelluric (MT) Surveying • Along trend from the Dugald River Lead-Zinc-Silver Mine where terrain extends under 200-400m of younger High Conductance Magnetotelluric Targets cover Unresolved First Drill Tests •
Slide 11: Three Ways: New MT Data Imaging Below Conductive Cover
Three Ways New MT Data Imaging Below 300m of Conductive Cover For personal use only • Magnetotelluric (MT) Surveying • Along trend from the Dugald River Lead-Zinc-Silver Mine where terrain extends under 200-400m of younger High Conductance Magnetotelluric Targets cover Unresolved First Drill Tests •
Slide 12: Three Ways: Thick Gabbro in First Pass Drilling
Three Ways Thick Gabbro in First Pass Drilling – Ni and PGE For personal use only Anomalous Ni and PGE Vein intervals are thought to be too narrow to cause the very strong and laterally extensive magnetotelluric anomalies TWD2001 Semi-massive pyrrhotite vein and breccia zones in gabbro (7.8m interva
Slide 13: Three Ways: Reprocessing MT Shifted Target
Three Ways Reprocessing MT Shifted Target 400m? For personal use only TWD2001 TWD2002 Younger sedimentary cover Basement Untested Remobilised veins of iron and nickel sulphides with elevated PGE • SQUID (High T) ground EM follow-up in progress – results pending • Follow-up drilling June 2021
Slide 14: IOCG Frontier: Gulf, Corkwood, Gidyea
IOCG Frontier Gulf, Corkwood, Gidyea For personal use only • First Mover Advantage • Extension of fertile Cloncurry IOCG terrain under cover Gidyea Projects IOCG Breccia Targets • Extension of Carpentaria Conductivity Anomaly • Interpreted volcanic host rocks and intrusive granites • Targets at mine
Slide 15: IOCG Frontier: Gulf, Corkwood, Gidyea
IOCG Frontier Gulf, Corkwood, Gidyea For personal use only • First Mover Advantage • Extension of fertile Cloncurry IOCG terrain under cover • Extension of Carpentaria Conductivity Anomaly • Interpreted volcanic host rocks and intrusive granites IOCG Breccia Targets • Targets at mineable depths rang
Slide 16: Gulf Projects: Copper-Gold
Gulf Projects Copper-Gold • Gibsons Tank For personal use only • Favorable volcanic host rocks and intrusive granites • Targets at mineable depths ranging 400-550m GT4 • Limited historic exploration • Recent infill gravity • Significant untested magnetic and or gravity targets • Drilling 2021 field
Slide 17: Corkwood: Copper-Gold
Corkwood Copper-Gold • Same host rocks as Ernest Henry For personal use only • Same trace element halo as Ernest Henry (Ba, K, Cu, Co, As) • Strong early magnetite-biotite alteration overprinted by silica-feldspar-pyrite-chalcopyrite • Known mineralised breccia’s at Jimmy’s Creek prospect • 153m @ 0
Slide 18: Corkwood: Jimmy's Creek Breccia
Corkwood Jimmy’s Creek Breccia – Low Gravity / Weak Magnetic For personal use only Low Specific Gravity in Mineralised Intervals: CW-10-11 153m @ 0.41% Cu, 0.1g/t Au, 10g/t Ag. SG 2.74 (17 samples) Includes 32m @ 1.16% Cu, 0.3 g/t Au, 24 g/t Ag. SG 2.78 ( 3 samples) Includes 4m @ 3.4% Cu, 1.2 g/t Au
Slide 19: Corkwood: Proposed Program
Corkwood Proposed Program • Drilling 3 low magnetic/gravity targets For personal use only • Trialing high resolution 3D MT survey to identify potential mineralised breccia’s within large Black Cat Bore magnetic anomaly (apply for grant) Geological/Geophysical Model Ernest Henry IOCG Breccia Early ma
Slide 20: Corkwood: Copper-Gold IOCG Breccias
Corkwood Copper-Gold IOCG Breccia’s For personal use only Doppler Black Cat Bore Low Magnetic Targets TMI TMI VG TMI VG_Tilt Jimmy’s Creek Breccia Prospect 154m @ 0.4% Cu, 0.1g/t Au, 10g/t Ag
Slide 21: Gidyea: Wondoola IOCG Frontier
Gidyea Wondoola IOCG Frontier – Ernest Henry Style For personal use only IOCG Breccia Targets Magnetite? Magnetic 1VD_Tilt Gravity 1VD Magnetic 1VD_Tilt • Wondoola • Ernest Henry volcanic sequences, nearby granites • Limited historic exploration TMI • Significant regional magnetic targets • Infill g
Slide 22: Gidyea: Wills Creek IOCG Frontier
Gidyea Wills Creek IOCG Frontier – Olympic Dam Style For personal use only IOCG Breccia Targets Hematite? TMI Magnetic 1VD_Tilt 4km x 4km Gravity1VD • Wills Creek • Subvolcanic setting , evidence of granites • No historic exploration • Significant regional gravity • Infill gravity 2021
Slide 23: Gidyea: Folleys Dam IOCG Frontier
Gidyea Folleys Dam IOCG Frontier – Carrapateena Style For personal use only Magnetic 1VD_Tilt TMI • Folleys Dam IOCG Breccia Targets Hematite? • No historic exploration • Significant regional gravity/weak magnetic • Infill gravity 2021 4km x 4km Gravity 1VD
Slide 24: Lawn Hill: Zinc-Lead-Silver and Copper
Lawn Hill Zinc-Lead-Silver and Copper For personal use only • Is there scope for more than one giant base metal deposit type in the Lawn Hill region? • Applying magnetotelluric surveying for the first time. Century 105Mt @12.1% Zinc, 1.7% Lead, 46g/t Silver
Slide 25: Lawn Hill: Century North new MT
Lawn Hill Century North new MT For personal use only • Is there scope for more than one giant base metal deposit type in the Lawn Hill region? • Applying magnetotelluric surveying for the first time. • Surveying in progress Preliminary MT Inversion
Slide 26: South Australia Copper-Gold
South Australia Copper-Gold For personal use only
Slide 27: Punt Hill & Pernatty: Copper-Gold-Zinc
Punt Hill & Pernatty Copper-Gold-Zinc For personal use only BHP Oak Dam West Khamsin • Giant Magnetic Skarn IOCG 425m @ 3.0% Cu, 402.6m @ 1.38%Cu,0.27g/t Au • Targeting giant base metal skarn/manto 0.6Au, 6g/t Ag incl. styles 180m @ 6.1% Cu 0.9g/t Au, 13g/t Ag Carrapateena • Where IOCG system intrud
Slide 28: Punt Hill & Pernatty: Copper-Gold-Zinc
Punt Hill & Pernatty Copper-Gold-Zinc For personal use only BHP Oak Dam West Khamsin • Giant Magnetic Skarn IOCG 425m @ 3.0% Cu, 402.6m @ 1.38%Cu,0.27g/t Au • Targeting giant base metal skarn/manto 0.6Au, 6g/t Ag incl. styles 180m @ 6.1% Cu 0.9g/t Au, 13g/t Ag Carrapateena • Where IOCG system intrud
Slide 29: Punt Hill & Pernatty: Copper-Gold-Zinc
Punt Hill & Pernatty Copper-Gold-Zinc For personal use only DD18PTH001 Near-Miss Hole? Drill Trace 244m @ 0.26% Cu DD18PTH001 PH1 Untested Magnetic Portion PH1 DD18PTH001 intense retrograde K-feldspar-chlorite alteration and replacement of wrigglite textured Untested P1 prograde garnet skarn with as
Slide 30: Punt Hill & Pernatty: MT Trials
Punt Hill & Pernatty MT Trials For personal use only Conductance feature in Pandurra Sandstone above basement copper PH1 Untested Magnetic Portion DD18PTH001 Near-Miss Hole? 244m @ 0.26% Cu
Slide 31: Nickel-Copper: Magmatic Nickel-Copper-PGE Plays
Nickel-Copper Magmatic Nickel-Copper-PGE Plays • Pardoo For personal use only • Pilbara • Untested targets along trend Radio Hill and Highway deposits • Nullarbor Red Metal 100% • Frontier terrain Pardoo Nickel-Copper-PGE • New target concepts • Drill ready targets Highway Pardoo Red Metal 100% Rio
Slide 32: Models: Magmatic Nickel-Copper-PGE
Models Magmatic Nickel-Copper-PGE For personal use only • Some Key Regional Points • Mantle tapping faults, often on craton margin settings • Abundant gabbroic and picritic intrusions • High-Fe or High-Mg tholeiitic cumulates • Evidence of PGE deletion and crustal contamination • Possible zoned chon
Slide 33: Pardoo: Magmatic Nickel-Copper-PGE
Pardoo Magmatic Nickel-Copper-PGE For personal use only Geological Setting
Slide 34: Pardoo: Magmatic Nickel-Copper-PGE
Pardoo Magmatic Nickel-Copper-PGE For personal use only Interpreted Deep Sourced Mafic/Ultramafic Feeder intrusion Untested Target Rio Tinto Untested Targets (<400m of cover) Untested Targets (<100m of cover) Total Magnetic Imagery
Slide 35: Nullarbor: Frontier Magmatic Nickel-Copper-PGE Plays
Nullarbor Frontier Magmatic Nickel-Copper-PGE Plays? For personal use only • Trial deep penetrating GEM or MT over range of chonolith-like gravity/magnetic targets
Slide 36: Maronan Spin Out
Maronan Spin Out For personal use only • Maronan Metals Limited “MMA” is the proposed spin out of Red Metal Limited’s 100% owned Maronan Project - a large emerging base and precious metal deposit in the proven Mount Isa terrain of Northwest Queensland. • The Maronan Project has JORC 2012 compliant I
Slide 37: Contact
Contact For personal use only • Red Metal Limited • Managing Director – Rob Rutherford • Level 15, 323 Castlereagh Street • Sydney 2000 • Ph: +61 (0)2 92811805 Mob: +61 (0)429651126 • www.redmetal.com.au • admin@redmetal.com.au
Slide 38: Caution Regarding Forward-Looking Statements
• Caution Regarding Forward-Looking Statements For personal use only • 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 work will con