Red Rock Resources Plc · LSE:RRR
Red Rock Resources — Investor Presentation (April 2013)
28 slides from Red Rock Resources's investor presentation, April 2013
Slide 1: Red Rock Resources – April 2013
\y) REDROCK RESOURCES
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 Developer of gold & iron ore projects London Stock Exchange AIM listing: AIM:RRR Share Price: 0.594p Market Capitalisation: £6.16m Shares in Issue: 1,239,428,341 Major Shareholder: Regency Mines plc 11.76% Directors: Andrew Bell Chairman and CEO Manoli Yannaghas Executive Director
Slide 4: Project and Value Creation Strategy
Project and Value Creation Strategy Project Cycle Value Cycle New Project Production Acquire Dispose Exploration Development Expand Liquidity Event 4
Slide 5: RRR – Current Project Pipeline
RRR – Current Project Pipeline Phase Project Metal Activity Value Driver Realization/Disposal: Jupiter Mines Ltd Fe Mn Small sales Production start Mt Ida Royalty Fe Lay off risk Generate liquid assets Realization/Develop: Melville Bugt Fe Partial Sale Bring in industry partner Continued advancement
Slide 6: Migori Project Kenya (Au)
Migori Project Kenya (Au)
Slide 7: Investment Summary
Investment Summary Red Rock o Red Rock owns 15% in Mid Migori Mining Co Ltd (MMM) Resources PLC 15% Ownership (60% farm-in o RRR owns 33.02% of Kansai and has an agreement) 33.02% Ownership option over 4.94% Kansai common stock (4.94% option) o In Sum: RRR owns, controls or has options KANSAI MINING
Slide 8: Project Overview
Project Overview Licence Areas Activities o SPL122 and SPL202 covering 310 km2 o Extensively explored since the mid-1980s o Extends 63km along strike length of the o Colonial era copper mining at Macalder Archean Migori greenstone belt o Scoping Study of the Macalder tailings dam completed o Other o
Slide 9: Project Location
Project Location Red Rock Drilling 2009 – 2011 • 15,000 metre infill DD/RC drilling programme across SPL122 resource prospects • 8,000 metre exploratory air core drilling • 1,500 metre scout drilling & 450 metres Tailings resource drilling African Barrick’s North Mara gold mine (3Moz reserve) ~40km
Slide 10: Red Rock Objectives
Red Rock Objectives Migori Exploration o Plans to explore extensions to known mineralisation at historic Macalder Mine o Follow up of anomalous targets from 2011 aircore and scout drilling programmes Explore prospectivity of anomalous and grassroots targets---Focus on resource expansion Mikei Gold R
Slide 11: Mikei Gold Resources Summary
Mikei Gold Resources Summary Inferred Indicated Total Mt g/t Au Mt g/t Au Mt g/t Au Metal kOz KKM 1.41 1.15 16.34 1 17.75 1.01 577 KKM-West 3.03 1.02 1.13 1.07 4.16 1.04 139 Nyanza 1.15 1.7 1.17 3.73 2.32 2.73 203 Gori Maria 3.78 1.16 0 0 3.78 1.16 141 MK 0.58 1.76 0.77 4.05 1.35 3.07 133 Total 9.95
Slide 12: Nyanza Resource: Highlights Migori Project Potential
Nyanza Resource: Highlights Migori Project Potential Advancement Towards Feasibility o Develop delineation of high grade ore shoots at Nyanza − Greenstone vein hosted deposit − Including intersection of 31m @ 3.91 g/t Au Nyanza Block Model at 1.5 g/t Au cut-off o Pit optimisation modelling to locate
Slide 13: Macalder Tailings Summary
Macalder Tailings Summary Prospect JORC Classification Mt kOz Au g/t Au Cut-off g/t Au Macalder Tailings Measured 1.3 68 1.65 No Cut-off o JORC Measured Resource (2011) 1.3Mt @ 1.65 g/t Au containing 68kOz Au o Remains of colonial era mining of Macalder VMS copper-gold mine o Scoping Study completed
Slide 14: Melville Bugt (Fe) Greenland
Melville Bugt (Fe) Greenland
Slide 15: Melville Bugt Iron Ore Project Highlights
Melville Bugt Iron Ore Project Highlights JORC Inferred Mineral Resource Estimate of 67 Mt @ 31.4% Fe for Havik Asset o Exploration Licence 1,570km2 held by NAMA Greenland Ltd. o Davis Tube mass recovery of approx. 42% for a high quality concentrate at ~70% Fe o Up to 69.4% Fe in haematite- and 62.2
Slide 16: Corporate Structure
Corporate Structure 30% V. Vilhjalmsson & Family (Iceland): Mining Services Chairman Lord Razzall: 60% NAMA Greenland Ltd. Trade and industry spokesman Liberal Democratic Party, British Parliament, (Private UK Company) House of Lords 100% License 2011/25 10% IMP Oil & Gas, Mining investments in FSI
Slide 17: Why Greenland?
Why Greenland? o Little-explored area with great untapped resource potential o Retreating ice cap exposing additional ground annually o Exploitation now possible throughout much/all of year o Transport and logistical access to remote areas is improving o Government incentives to encourage exploratio
Slide 18: Licence Areas
Licence Areas De Dødes West Tuukkaq Havik Asset Haematite Nunatak
Slide 19: 2012 - Havik Asset MRE (Magnetite BIF)
2012 -Havik Asset MRE (Magnetite BIF) o Davis Tube mass recovery of ~42% for a high quality concentrate grading at approx. 70% Fe, 2.0% SiO2, 0.3% Al2O3 and 0.01% P o Low strip ratio of 1.8 (waste tonnes : ore tonnes) o JORC MRE declared by Project Consultants SRK Consulting (UK) Ltd. o Further deep
Slide 20: 2012 - Haematite Exploration Targets
2012- Haematite Exploration Targets o Haematite Nunatak − 491m drilled − Max grade of 68.18 % Fe over 0.6m − Estimated BIF true thickness up to 48m − Along strike of unexplored ~7km Tuukkaq magnetic anomaly Haematite o De Dødes West − 582m drilled − Max grade of 65.46% Fe − Calculated BIF true thick
Slide 21: 2013 – Way Forward
2013–Way Forward Focus on Haematite o Further exploration for DSO haematite at the De Dødes Fjord and Haematite Nunatak areas— Objective: DSO MRE o Initial drilling of ~7km long Tuukkaq magnetic anomaly targeting haematite pods Develop Magnetite Resources o Continuing exploration/refinement of magne
Slide 22: Regional Correlations
Regional Correlations o Direct geological correlation with key geological units in Canada o Correlative units host advanced iron ore exploration programmes Melville − Mary River Iron Ore Project Bugt Project (Baffinland) Mary River Project − Total resources of 865.4Mt @ (865Mt @ 65.08% Fe) 65.08% Fe
Slide 23: Battle of the Ports – What Makes MB Unique
Battle of the Ports – What Makes MB Unique o Numerous potential iron ore projects/mines identified world-wide o Many stalled in development due to inadequate logistical connections and access − Railway capacity − Port throughput o Some governments slow to react o Communities take NIMBY approach, res
Slide 24: El Limon & El Mango Gold Mines Colombia (Au)
El Limon & El Mango Gold Mines Colombia (Au)
Slide 25: Colombia
Colombia Project Overview Operations Update o El Limon and El Mango – gold mines in o Infrastructure improvements underway at El Limon mine Antioquia, south of Zaragoza and plant − Focus on exploitation and development of Level 8 o RRR manages and operates under Four Points Mining (FPM) − Cost contr
Slide 26: Investment Holdings
REDROCK W) Investment Holdings
Slide 27: Jupiter Mines (Investment + Royalty)
Jupiter Mines (Investment + Royalty) 60.2m JMS Shares held by RRR c2.6% o Market value A$5.84m Projects Overview o Open pit manganese mine at Tshipi, South Africa − Started production Oct 2012; 88k tones sold by Mar ‘13 − Mine life 60+ years − Resources of 163Mt at 37.1%Mn, plus top-cut resource of
Slide 28: Contact Details
Contact Details Investment or Project Enquiries: General Enquiries: Andrew Bell Scott Kaintz Chairman Corporate Finance Manager Email: [email protected] Email: [email protected] Press Enquiries: Marketing , Press or CSR Enquiries: Sandra Spencer Natasha Walton Press and Public Relations C
Red Rock Resources — Investor Presentation (April 2013) on 6ix