Red Rock Resources plc · LSE:RRR
Red Rock Resources — Investor Presentation (July 2010)
23 slides from Red Rock Resources's investor presentation, July 2010
Slide 1: Presentation July 2010
REDROCK RESOURCES WwW Presentation July 2010
Slide 2: Introduction
Introduction This presentation will summarise investments and introduce new operations Market Cap of £11.1m is fully backed by Investments Gold operations and other interests come free Share Price: 1.9 pence Shares in Issue: 583,908,812
Slide 3: Investment Holdings – The Backstop
Investment Holdings – The Backstop Jupiter Mines Ltd Kansai Minerals Shares held: 85,734,165 (23.2%) • Shares held: 39, 629,000 (35.2%) Unit Value : A$0.25 • Unit Value : C$0.01 (Suspended) Holding Value: A$21.4m (£11.8m) • Holding Value: C$396k (£245k) Resource Star Ltd Cue Resources Ltd Shares hel
Slide 4: Jupiter Mines Ltd
Jupiter Mines Ltd • 23.2% held by Red Rock • Holds former Red Rock iron and manganese assets in WA • Conceptual target resource of 1.1-1.3bn tonnes magnetite • Red Rock has 1.5% gross royalty on magnetite license • Planned $245m acquisition of Tshipi manganese, RSA •http://www.asx.com.au/asxpdf/2010
Slide 5: Red Rock is not an investment company; it is a developer of assets
Red Rock is not an investment company; it is a developer of assets, some of which remain in exploration stage, others at production
Slide 6: Gold Production; Colombia: New Investment
Gold Production; Colombia: New Investment Deal Outline: A 3 year $US2m loan to Mineras Four Points (MFP) 5% per annum interest payable quarterly 3 year Technical and Consultancy Agreement at $200k - $350k/quarter Option One: $6.5m to acquire 50% of MFP (2 yr Period) Option Two: $1m for 1% of MFP (3
Slide 7: Core logging - Dec 2009; Mine Location: Antioquia
Core logging - Dec 2009 Mine Location: 498 samples taken from Antioquia Macalder and Nyanza core Drill core from Nyanza target
Slide 8: Core logging - Dec 2009
Core logging - Dec 2009 498 samples taken from Macalder and Nyanza core Drill core from Nyanza target
Slide 9: Core logging - Dec 2009
Core logging - Dec 2009 498 samples taken from Macalder and Nyanza core Drill core from Nyanza target
Slide 10: Gold Exploration, Kenya
Gold Exploration, Kenya Farm-in to 2 licenses in SW Kenya, 15km north of the Tanzanian border Approx. 300 sqkm – northern margin of Tanzanian craton Historic production: from the Macalder mine (1936-1975) – reportedly 26,057t Cu 814t Zn 111,303Oz Au 365,759Oz • gold from colonial era mines and small
Slide 11: Location
Location SW Kenya, 15km north of the Tanzanian border
Slide 12: Summer/Autumn programme, Kenya
Summer/Autumn programme, Kenya Completion of digital GIS database Receive results from metallurgical testwork on Macalder tailings EM airborne survey over Macalder area, July: VMS targetting. Magnetic/radiometric survey over license area, August. Strengthen exploration team Analyse geophysics and pl
Slide 13: Covers approx 300sqkm
Covers approx 300sqkm SPL 122 SPL 202
Slide 14: 5 extensively explored zones
5 extensively explored zones – Gori Maria, KKM, Nyanza, MK and Macalder
Slide 15: RC drilling/Hand-grab sampling
RC drilling/Hand-grab sampling • 507 metres Reverse Circulation drilling (11 holes at 4 targets) • Mineralised intervals not intersected due to groundwater influx • Intensive prospecting and hand-grab sampling over both licences across the greenstone • BIF outcrops investigated and sampled – leached
Slide 16: Macalder Tailings
Macalder Tailings • 38 holes drilled across Macalder tailings dam (458m) on 50x50 metre grid Cu (%) Co (%) Pb (%) Zn (%) Au (ppm) Ag (ppm) Sulphide 0.33 0.07 0.17 0.76 1.56 >16.8 Calcine 0.61 0.05 0.53 0.67 1.85 >20.0 • Currently awaiting tonnage estimate and results from metallurgical test work in
Slide 17: Gossan Sampling
Gossan Sampling • Gossan body lies in the immediate vicinity of the Macalder tailings dam • 35 hand-grab samples taken directly from the gossan body • Significant grades of easily recoverable gold Results: No. Samples Grade (ppm Au) 12 1–5 14 5 – 20 1 35.8
Slide 18: Macalder Gossan, Migori District: Schematic of Recent Sampling
MACALDER GOSSAN, MIGORI DISTRICT, SW KENYA; SCHEMATIC OF RECENT SAMPLING 48 @-@- Fee “ RIVER GUCHA (Year-Round Water Supply) No.8 apt Ore Body Ze MACALDER TOWN 18.9 (Mains electricity) Macalder x» vse 298 0.7 0.96 4.39 500m we Tailings : impoundment i 63 08 é @@ 19 5 Vey, ~@ e™ Ps @oa 58 NORTH 3 Ja
Slide 19: VTEM Survey
VTEM (Versatile Time-domain Electromagnetic) Survey • Geophysical survey – commencing week beginning 19th July 2010 (2 days) • B-field, VTEM system for locating conductive anomalies • 278 line-kms (100m spacing) covering Macalder and greenstone extension to Bushells
Slide 20: Gold associated BIF model - untested
Gold associated BIF model - untested • Lolgorien – just east of licence area • 100m intersection, 1m over 7g/t • Gold associated with BIF exposure over strike of 1km+ 202 7 203 2 UN suggests “the systemic testing of the other, numerous, ironstone exposures in the Migori belt” UN Revolving Fund Explo
Slide 21: Percussion Drilling - tailings
Percussion Drilling - tailings
Slide 22: RC drilling of the Macalder gossan
RC drilling of the Macalder gossan
Slide 23: Thank you
Thank you
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