Wowo Gap Nickel Laterite Project Papua New Guinea Resource Mining Corporation

Transcription

1 Wowo Gap Nickel Laterite Project Papua New Guinea Resource Mining Corporation

2 Disclaimer This presentation has been prepared by Resource Mining Corporation Limited ( RMC or the Company ). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation. This presentation contains forecasts and forward looking information. Such forecast, projections and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. RMC have not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by applicable laws, RMC make no representation and can give no assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission, from any information, statement or opinion contained in this presentation. You should not act or refrain from acting in reliance on this presentation material. This overview of RMC does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investments decision. Competent Persons Statement: The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mark Hill, who is a Member of the Australian Institute of Geologists. Mark Hill is a director of Exman Consultancy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mark Hill consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.

3 ACCESS Helicopter direct to site 3 landing locations Fixed wing to Embessa or Obea (1,000m grass airstrips) + 1 day walk to site Canoe from Popondetta approx 1 day

4 Resource Drilling Program - last core drilling ,948,000 mn Exploration Summary 8,947,000 mn 8,946,000 mn 8,945,000 mn 8,944,000 mn 8,943,000 mn LEGEND Previous Wacker Drill Holes Previous Diamond Drill Holes 2010 Core Holes 2011 Core Holes 295 holes drilled 200 metre spacings 12 km strike length 70% of holes Ni >1.0% % Ni and 0.06% Co Total contained Ni 1.32Mt 8,942,000 mn 8,941,000 mn 706,000 me 8,940,000 mn 707,000 me 708,000 me 709,000 me 710,000 me 711,000 me 712,000 me 713,000 me

5 Mineral Resource Statement Current Resource - Indicated 1.03% Ni and 0.07% Co plus Inferred 1.09% Ni and 0.06% Co Project Drilling History Type Year Drill Company No Holes Core Size Metres Drilled diamond 1972 PNE 17 (PN & PND holes) NQTT wacker 1999 ANL 23 (WGW001-23) BQTT wacker 2004 NN 70 (WGW024-93) BQTT 341 wacker 2008 NN 55 (WGW ) BQTT diamond 2003 UPD 8 (1-8) HQTT diamond 2004 UPD 18 (9-26) HQTT diamond 2007 Paradise 45 (27-72) NQTT diamond 2008 Paradise 11 (73-83) HQTT diamond 2008 Paradise 17 (84-98) HQTT core 2010 NN 159 ( ) NQTT core 2011 NN 138 ( ) NQTT Independent verification of: Drilling and sampling procedures QA/QC on site Confirmed to Canadian Ni standard for technical reporting of mineral projects Ravensgate (Perth based Independent Minerals Industry consultant) completed the Resource Update

6 Wowo Gap Resource Estimate By Ni Grade 0.8% Ni cut off grade Indicated + Inferred: 1.06%Ni 1.0% Ni cut off grade Indicated + Inferred: 1.23%Ni 1.2% Ni cut off grade Indicated + Inferred: 1.43%Ni

7 Ore mineralogy Saprolite and Limonite Sample ID FLUORITE, SYN CLINOCHRYSOTILE ANTIGORITE LIZARDITE NONTRONITE-15A FORSTERITE TALC-2M TREMOLITE QUARTZ - SYNTHETIC DOLOMITE Saprolite Limonite 5 4 Sample ID FLUORITE, SYN GOETHITE TALC-2M QUARTZ - SYNTHETIC LITHIOPHORITE TREVORITE, FERROAN CHROMITE, SYN Intensity (Counts) X Intensity (Counts) X File Name: Theta Angle (deg) c:\...\qxrd\rmcsap~2.cpi File Name: Theta Angle (deg) c:\...\qxrd\rmclim~2.cpi Serpentine (e.g. antigorite, lizardite, clinochrysotile) Smectite (e.g. nontronite) Other silicates (e.g. talc, tremolite, forsterite) Quartz, dolomite Garnierite Goethite Lithiophorite Quartz, talc Spinels (e.g. chromite, trevorite)

8 Metallurgical Testwork Testing: Amdel Perth metallurgical laboratory HPAL chosen route Limonite X Saprolite Feasibility Study demonstrated questionable HPAL project economics based on: Nickel Price Project CAPEX Economics of processing limited amounts of 2/3rds of the then known ore body (Saprolite) Outcome 1. Need a larger limonite resource to improve economics or, 2. Alternative new process technology

9 Alternative Process Technology A. Investigated Alternative Inorganic Acids patented process, expensive process entry costs B. Organic Acid Leach Alternative process option? Metal Extraction Results From Test Work Nickel Cobalt Ni Co Ore Type Head Assay Initial Testwork Leach Extraction New Process Leach Extraction Head Assay Initial Testwork Leach Extraction New Process Leach Extraction % % % % % % Limonite Limonite Limonite Limonite Saprolite Saprolite Saprolite Saprolite

10 Future Development Options Mine ship ore Mine + part process ship product Mine + full process ship nickel Limited Infrastructure: No Electricity Network Electricity Challenges - Remote - No existing power infrastructure - No gas - No coal - Wind questionable Opportunity - Hydro electricity

11 Hydro Electricity Power Potential Requirements: Regular water supply Sustained water flow Adequate head RMC Team has identified two waterfalls with all 3 requirements adjacent to the Wowo Gap deposit Advantages: Run-of-river No dams required

12 Hydro Electricity Power Potential Located 2 options: 50 metre fall 250 metre fall Basic measurement to determine: 1. Velocity of a body of water 2. Cross-sectional area of a slice of stream (in velocity measurement section) 3. Flow of the stream using 1 and 2 4. Vertical height of a slope down which the water flows 5. Calculate the power generation potential

13 Social Engagement Logistics casual employees involved in the process Taruma Water Supply RMC provided 4.5km of pipe fittings, pressure relief systems and labour for water supply Obea and Embessa Schools RMC provided equipment and specialist labour to assist in construction of Pre-Primary school Fresh Food Production Joint village/rmc initiative at Embessa and Obea. Backloading on company aircraft to Port Moresby Health Initiative RMC funded employees deliver medical service and practical assistance and advice to improve village health and hygiene Airstrip Maintenance Equipment, fuel and labour provided to maintain airstrips Landowner meeting process On-going process with focus on village dialogue

14 Social Responsibility Social Mapping detailed social mapping of local tribes, clans and sub-clans well advanced Responsibility Community/Employees Health Worker and Health Support Environmental survey completed dynamic issue, regular maintenance

15 ON BEHALF OF RESOURCE MINING CORPORATION LTD THANKYOU FOR YOUR ATTENTION