Redstone Resources Limited · ASX:RDS
Redstone Resources — Shareholder Meeting (November 2007)
25 slides from Redstone Resources's shareholder meeting presentation, Nov 29, 2007
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 29th November, 2007
Slide 2: Program Plan 1 Year Ago
Program Plan 1 Year Ago For personal use only • Work up all assay data (1300 samples outstanding). Carry out detailed geochemical and geophysical interpretations and target generation • Plan and complete Native Title access agreements and clearances over priority areas • Conduct ground EM over Titan
Slide 3: Defined Geochemical Targets 2006
Defined Geochemical Targets 2006 Tenements held in 2007 For personal use only Fault Crustal scale fault Interpreted target area Alystra PGE Significant geochemical prospect Geochemical anomaly Defined geochemical targets in 2006.
Slide 4: Ground Acquired 2007
Ground Acquired 2007 Tenements at Float For personal use only Tenements Acquired Fault Halleys Geological map of West Musgraves showing 50km Redstones tenements in 2007 and location of known Ni mineralisation (red dots).
Slide 5: Ground Holding in 2007
Ground Holding in 2007 For personal use only • 590km2 additional ground acquired in JV with Discovery Metals (DML): • 33 Defined airborne EM anomalies (costing $800,000); • Native title access granted; • Ground targeted for Ni-Cu-PGE and Ni Laterite • 15 tenements were granted as exploration license
Slide 6: Work Program Completed in 2007
Work Program Completed in 2007 For personal use only • Mapping at Halleys, Helena, DML and Mt Muir prospects • Ground magnetics at Halleys, Helena, and Mt Muir • Ground moving loop EM at Halleys, Tollu and DML • 7000 geochemical sampling collected; • 5000 lag samples, • 630 XRF soil samples, • 1300
Slide 7: High Priority Prospects
High Priority Prospects Tenements held in 2006 For personal use only Alystra Fault Crustal scale fault Stripeys Helena Halleys and Tollu Halleys NW Aladdin Baggaley North Geological map of West Musgraves showing significant Redstone prospects.
Slide 8: Halleys Cu-PGE Drill Results
Halleys Cu-PGE Drill Results For personal use only • Halleys prospect drill results include: • 20m @ 0.56% Cu, 0.14% Ni and 0.32g/t PGE from 16m in BSC003 including 10m @ 0.75% Cu, 0.18% Ni and 0.28g/t PGE (BSC003) • 17m @ 0.41% Cu, 0.08% Ni and 0.28g/t Pt+Pd+Au (BSC005) • 75m @ 0.29% Cu, 0.08% Ni a
Slide 9: Interpretation of Halleys Drill Results
Interpretation of Halleys Drill Results For personal use only 100m
Slide 10: Cross-section of Halleys Drill Results
Cross-section of Halleys Drill Results For personal use only A Z Mineralisation > 0.2% Cu Mineralisation > 0.1% Cu 50m Gabbro and granite host rocks Large thickness (>74m) of disseminated Cu-PGE rich sulphides in fractionated Zr rich intrusion. Drill section 49900N.
Slide 11: Conceptual Model – Plan View of Saturn
Conceptual Model – Plan View of Saturn For personal use only Younger fractionated intrusion: S – saturated Older layer intrusion: S - unsaturated
Slide 12: Halleys PGE, Ni and Cr Target
Halleys PGE, Ni and Cr Target Tenement For personal use only outline PGE anomaly Ni anomaly Cr anomaly N 1 km Aeromagnetic TMI (Total Magnetic Intensity) and schematic PGE, Ni and Cr geochemical anomalies.
Slide 13: Halleys Target
Halleys Target Tenement For personal use only outline PGE anomaly Target area N 1 km Ground magnetic image and Ni-Cu-PGE Halleys target in irregularity along intrusive margin
Slide 14: Helena Ni-Cu-PGE
Helena Ni-Cu-PGE • Helena is interpreted to be For personal use only along a magmatic boundary, Helena (dashed line) akin to Halleys • Ground magnetics has defined the magmatic Helena boundary • RAB drilling defined 1m @ 0.18% Cu, 0.08%Ni, and 0.11% Zn (BSB0457 3 to 4m) in a 4m deep RAB hole! • Infi
Slide 15: High Priority Prospects
High Priority Prospects Tenements held in 2006 For personal use only Alystra Fault Crustal scale fault Helena Halleys and Tollu Halleys NW Alladin Figure: Geological map of West Musgraves showing significant Redstone prospects
Slide 16: Alystra PGE
Alystra PGE For personal use only • Mapping and geochemical sampling defined several pipe-like bodies of Giles Complex Rocks (gabbronorite), with Ni and Cu anomalies • A strong PGE anomaly defined by 1.6 km x 400m spaced surface sampling in calcrete and sand dune country 400m • A peak surface sample
Slide 17: High Priority Prospects
High Priority Prospects Tenements held in 2006 For personal use only Alystra Fault Crustal scale fault Helena Halleys and Tollu Halleys NW Alladin Geological map of West Musgraves showing significant Redstone prospects
Slide 18: Tollu Cu
Tollu Cu Tollu Fault For personal use only EM Anomaly • Significant RC drill intercepts: • 1m @ 2.02% Cu (TLC003) • 16m @ 0.62% Cu (TLC005). • Significant RAB drill intercepts: • 14m @ 0.25% Cu from 0m (open at depth, TOB017), and • 8m @ 0.2% Cu from 0m (open at depth, TOB019) • Eight holes containe
Slide 19: New Exploration Areas 2008
New Exploration Areas 2008 Tenements held in 2006 For personal use only Fault Crustal scale fault Dragonfly Stripeys Halleys Baggaley Hills Geological map of West Musgraves showing Redstones tenements in 2007 and location of known Ni mineralisation (red dots).
Slide 20: Stripeys Layered Intrusion
Stripeys Layered Intrusion • Layered ultramafic intrusion with For personal use only considerable thicknesses of ultramafic rocks • The geometry of the outcrop and aeromagnetic signature supports an upward flaring ultramafic conduit or feeder • Potential target types include: • Ni-Cu-PGE deposits, a
Slide 21: Layered Intrusion Deposit Style
Layered Intrusion Deposit Style For personal use only Stripeys
Slide 22: Baggaley Hills
Baggaley Hills For personal use only • Two coincident gravity and magnetic anomalies define excellent Olympic Dam- style IOCG targets • Geophysical modelling by Newmont Australia validates a magnetic source not simply explained by the host rocks of the area • Targets lies on a craton margin adjacent
Slide 23: Baggaley Hills Select Targets
Baggaley Hills Select Targets For personal use only • No on-ground exploration has been done on the Baggaley Hills tenements • Priority areas for soil sampling have been defined • Bullseye magnetic targets will be drilled tested. 5km Aeromagnetic Image (TMI) of the Baggaley Hill area, highlighting e
Slide 24: Work Program 2008
Work Program 2008 For personal use only • Work up all assay data by late January (2300 samples outstanding) • Plan and complete Native Title access agreements and clearances over priority areas, Baggaley Hills and Stripeys • Conduct airborne EM over Stripeys • Continue with regional geochemical samp
Slide 25: Conclusion
Conclusion For personal use only • Halleys pipe-like mineralized body contains economic grade intercept from shallow drilling 10m @ 0.75% Cu, 0.18% Ni and 0.28g/t PGE (BSC003) – requires deep drilling follow-up • Major PGE trend at Halleys NW yielded significant PGE mineralization from broad RAB • H
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