Resolution Minerals Ltd. · ASX:RML
Resolution Minerals — Northern Cobalt — Investor Presentation (April 2019)
22 slides from Resolution Minerals's investor presentation, April 2019
Slide 1: Investor Presentation April 2019
Slide 2: Disclaimer and Competent Persons Statement
D I S C L A I M E R A N D C O M P E T E N T P E R S O N S S TAT E M E N T This presentation has been prepared by Northern Cobalt Limited (Northern Cobalt). This The information in this report that relates to Exploration Targets, Exploration Results, Mineral document contains background information a
Slide 3: Corporate Overview
CO RPO R AT E O VERVI EW Capital Structure 31 st March 2018 Ordinary Shares (m) 53.8 Len Dean Chairman Market Capitalisation (A$m) – 6 cents $3.2 Metallurgist, experienced ASX Chairman BHP Cash (A$m) (31/12/2018) $1.1 Marketing Director Iron Ore and Group General Enterprise Value (A$m) $2.1 Manager
Slide 4: Northern Cobalt – New Focus
N O R T H E R N C O B A LT – N E W F O C U S N27 has repositioned the company by: 1. Pegging of the Snettisham Project (southern Alaska), low cost entry to known project • Historic exploration highlights potential for gold, vanadium and iron ore. • Snettisham project is located in the 7 Moz Juneau G
Slide 5: Exploring the Snettisham Vanadium Project
Slide 6: Snettisham - Location
S N E T T I S H A M P R O J E C T - L O C AT I O N
Slide 7: Snettisham Project - Infrastructure
SNETTISHAM PROJECT - INFRASTRUCTURE • • • Local Infrastructure • 50 km south-east of the city of Juneau • Juneau has ~35,000 residents with many employed at the Greens Creek Mine on Admiralty Island
Slide 8: Snettisham Project - Infrastructure
SNETTISHAM PROJECT - INFRASTRUCTURE Snettisham - Infrastructure • Hydroelectric power is available from the Snettisham Hydroelectric Power Facility (78.2 MW) • Submarine cable runs 1.3 km away through the Snettisham Channel
Slide 9: Snettisham Project - Gold Potential
SNETTISHAM PROJECT - GOLD POTENTIAL • The Juneau Gold Belt has produced of 7 Moz of lode gold mineralisation and is analogous to the Fosterville Gold Mine in Australia • Kensington Gold Mine – Active – Coeur Mining • 675,000 oz measured and indicated reserves • Eagle River Gold Mine – Historic • 19,
Slide 10: Snettisham Project - Gold Potential
SNETTISHAM PROJECT - GOLD POTENTIAL • The local geology is well suited to hosting Juneau Gold Belt style mineralisation which occurs as lode gold within fault and shear structures in the host rocks • Mafic-ultramafic intrusive complex and granite intrude layered metasediments and metavolcanics. when
Slide 11: Snettisham – Magnetite & Vanadium Potential
S N E T T I S H A M P R O J E C T – M A G N E T I T E & VA N A D I U M P O T E N T I A L • Historical surface samples of magnetite rich rock chips showed the vanadium potential, with values up to 0.56% V2O5, 35.9% Fe and 6.47% TiO2 • Despite historical drilling by the USGS (United States Geological
Slide 12: Exploring the Wollogorang Copper-Cobalt Project
Slide 13: Wollogorang – Running Creek Copper-Cobalt Prospect
W O L L O G O R A N G P R O J E C T – R U N N I N G C R E E K C O P P E R - C O B A LT P R O S P E C T THE RUNNING CREEK COPPER-COBALT PROSPECT • Much higher cobalt values reported from assays compared with pXRF field results (280%), including 5m @ 1604 ppm Co from 20m (18RAB123) • Assays at Running
Slide 14: Wollogorang – Running Creek Copper-Cobalt Prospect
W O L L O G O R A N G P R O J E C T – R U N N I N G C R E E K C O P P E R - C O B A LT P R O S P E C T THE RUNNING CREEK COPPER-COBALT PROSPECT • New induced polarisation (IP) survey at Running Creek highlights a chargeable target beneath mineralisation
Slide 15: Chiptray from Running Creek Prospect
Slide 16: Wollogorang - Gregjo Copper-Cobalt Prospect
W O L L O G O R A N G P R O J E C T - G R E G J O C O P P E R - C O B A LT P R O S P E C T GREGJO COPPER-COBALT PROSPECT • Large induced polarisation (IP) chargeability anomaly identified in multiple traverses across the Gregjo Prospect • The anomaly is directly below copper mineralisation intersect
Slide 17: Wollogorang - Gregjo Copper-Cobalt Prospect
W O L L O G O R A N G P R O J E C T - G R E G J O C O P P E R - C O B A LT P R O S P E C T
Slide 18: Wollogorang - Gregjo Copper-Cobalt Prospect
W O L L O G O R A N G P R O J E C T - G R E G J O C O P P E R - C O B A LT P R O S P E C T
Slide 19: Drilling at the Gregjo Prospect
A) te > DRILLING AT THE GREGSO PROSPECT, Woallogorang Projech, NET.
Slide 20: Project Summary
P R O J E C T S U M M A RY • Rock chip sampling currently underway • Significant IP anomalies defined under both Running Creek and Gregjo Prospects • Drilling approvals in progress • Good copper and cobalt mineralisation in shallow drilling above • Diamond drilling Q2 2019 the IP anomalies • Drillin
Slide 21: Appendix
APPENDIX
Slide 22: Snettisham Vanadium – Southern Alaska
S N E T T I S H A M VA N A D I U M P R O J E C T – S O U T H E R N A L A S K A VANADIUM BEARING TITANIFEROUS MAGNETITE DEPOSITS • Magmatic accumulations of ilmentite and magnetite with > 1% TiO2 and characteristically vanadium bearing • World’s principle source of vanadium • Principle ore minerals a