Red Metal Limited · ASX:RDM
Red Metal — Mines & Money (June 2020)
18 slides from Red Metal's conference presentation, Jun 25, 2020
Slide 1: Red Metal – Northwest Queensland 2020
ASX:RDM MINES & MONEY 25 JUNE 2020 RED METAL NORTHWEST QUEENSLAND 2020
Slide 2: Wealth of New Discoveries Driving Major/Junior Investment
Australia Wealth of New Discoveries Driving Major/Junior Investment • Oak Dam / BHP - Large high grade IOCG 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 IOCG Gawler / SA • 402.6m at 1.38% copper, 0.
Slide 3: Who and Where Next?
Australia Who and Where Next? • RDM in QLD? • Targeting large base metal discoveries in Australia • “Greenfields Discovery Alliance” with OZ Minerals 51%/ RDM 49% • Aims to fast track a discovery in Australia for Red Metal and Oz Minerals benefit • Mount Skipper: Cannington-look alike – drill ready
Slide 4: Mount Skipper
Mount Skipper Zinc-Lead-Silver-Copper • A Cannington Analog Cannington Giant PbZnAg Mine • Similar bulls-eye magnetic target 90km south of Cannington under 480m cover Cannington Bulls-Eye • First Red Metal drill test intersected Cannington near-miss Magnetic Target (halo) rocks and geochemistry – bu
Slide 5: Gulf Projects
Gulf Projects Copper-Gold • First Mover Advantage • Extension of fertile Cloncurry IOCG Terrain under cover • Favorable volcanic host rocks and intrusive granites • Targets at mineable depths ranging150-650m • Limited historic exploration (gravity on 4km x 4km) • Drilling Q4 2020 Magnetic Imagery Ne
Slide 6: Three Ways
Three Ways New MT Data Imaging Below 400m of Conductive Cover • Innovative MT Surveying • Along trend from the Dugald River Significant Untested Lead-Zinc-Silver Mine where terrain Stratigraphic Conductors extends under 400m of younger Prospective for Giant Mount Isa cover Style Zinc and Copper Depo
Slide 7: Three Ways
Three Ways New MT Data Imaging Below 400m of Conductive Cover Drill Target: Strong Untested Stratigraphic Conductor Prospective for Giant Mount Isa Style Zinc and Copper Deposits Highly Conductive Mesozoic Black Shale Mesozoic Sands • Urquhart Shale: Preferred host rocks to the giant Mount Isa strat
Slide 8: Lawn Hill
Lawn Hill Zinc-Lead-Silver and Copper • Scope for more than one giant base metal deposit type in the Lawn Hill region. Century 105Mt @12.1% Zinc, 1.7% Lead, 46g/t Silver • Applying innovative MT surveying for the first time.
Slide 9: Paterson Province
Paterson Province Yarrie Copper-Gold • Yarrie • Extension of Paterson Province under cover to the north • Geophysical analogs of Winu and Havieron • New Sedimentary-Hosted copper-cobalt target concepts • Proven Terrian • Giant granite-related gold-copper at Telfer • New gold-copper discoveries at Wi
Slide 10: Paterson Province
Paterson Province Yarrie Copper-Gold Red Metal Magnetic Targets Red Metal Magnetic Targets Along High Gravity Ridge Along High Gravity Ridge High Gravity High Gravity Ridge Ridge Yarrie Project New Airborne Gravity Data Links Red Metal Targets with Winu Along High Gravity Ridge Rio Tinto “Winu” Rio
Slide 11: Maronan
Maronan • Located in Proven Carpentaria Zinc Province • Multiple “Tier 1” zinc-lead-silver deposits • 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 • Significant JORC (2012) Inferred Resources • 30Mt @ 6.5% le
Slide 12: Maronan
Maronan Level Plans Showing Ore Horizons Untested Exploration Target Northern Fold Copper Vein Zone Central Fold Eastern Lead-Silver Zone Western Lead-Silver Zone -900mRL -600mRL -300mRL Ore lenses cut-off grade >3% lead (light and dark blue), >0.5% copper (solid green)
Slide 13: Maronan
Maronan “Bonanza” Folded Bedded Apron Style 15.4%Pb, 378g/t Ag Bedded Apron Style 8.6%Pb, 175g/t Ag “Tier 1 Grades” Bedded, Vent Core Potential? 22%Pb, 623g/t Ag Zinc Breccia (at depth) 14.8%Pb, 6%Zn, 224g/t Ag, 0.9g/t Au Sulphide Textures and Grades
Slide 14: Maronan
Maronan Geological Model Modern Day Vents Undiscovered Vent Core Known Maronan Resource in Vent Apron Sulphide >>CO3 & Silicate, PbS & ZnS >> Fe Sulphide, Ag,Sb CO3>>Silicate, Calcite, Fe sulphide >> Fe oxide, PbS, Ag, weak ZnS Silicate>>CO3, MnFe carbonate, Fe-oxide, Semi- Massive Core lead-zinc-si
Slide 15: Maronan
Maronan Lead-Silver-Zinc Exploration Potential Vent Core? Vent Apron? 44Mt @11.6% Lead, 77Mt @ 5.9% Lead, 4.4% Zinc, 538 Silver 3.1% Zinc, 210 Silver Known Maronan Resource Cannington Long Section Undiscovered Vent Core? Potential Zinc Enriched Zinc Enriched? Cannington Analog at Depth Speculated Ma
Slide 16: Maronan
Maronan Over Printing Copper-Gold West East • ISCG Vein Zone • Silica-flooding with strong pyrrhotite>> chalcopyrite veining • Mostly developed within the inter-bedded quartzite sequences • Increasing chalcopyrite, copper and gold grades and widths at depth • 115m @ 0.8% Copper and 0.5 g/t gold • Si
Slide 17: Contact
Contact • 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 18: Caution Regarding Forward-Looking Statements Competent Persons Statement
• Caution Regarding Forward-Looking Statements • 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 confirm the viability of