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NT MINERALS LIMITED — AGM Information 2013
Nov 26, 2013
65450_rns_2013-11-26_f7c07d30-3ba5-4b8a-ac42-5a6654631e3d.pdf
AGM Information
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AGM 27 NOVEMBER 2013
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Disclaimer
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Competent Persons Statement
- The information in this announcement that relates to Exploration Targets and Results is based on information compiled by Mr Michael Fotios, who is a consultant geologist, director of Redbank Copper Limited and a Member of the Australian Institute of Mining and Metallurgy. Mr Fotios 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’. Mr Fotios consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Exploration Potential
- The information in this report relating to Exploration Targets should not be misconstrued as an estimate of Mineral Resources or Ore Reserves. Hence the terms Resource(s) or Reserve(s) have not been used in this context. The potential quantity and grade is conceptual in nature since there has been insufficient work completed to define the prospects as anything beyond exploration target. It is uncertain if further exploration will result in the determination of a Mineral Resource.
Forward Looking Statements
- Redbank Copper Limited has prepared this announcement based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement. To the maximum extent permitted by law, none of Redbank Copper Limited, its directors, employees or agents, advisers, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it. This announcement is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this announcement nor anything in it shall form the basis of any contract or commitment whatsoever. This announcement may contain forward looking statements that are subject to risk factors associated with gold exploration, mining and production businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.
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Overview
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• High grade 100% owned Redbank copper
(Cu) project in NT
• 4,300 sq km landholding within McArthur
River Basin
• Exploration focus on expanding resource
base; diamond drilling into multiple targets
Redbank
• Commenced interpretation of low level
aeromagnetic and radiometric data on
Wollogorang JV (49% RCP, earning to 85%)
Mt Isa
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Capital Structure
ASX Code: RCP Total shares on issue: 2,339m Share Price: $0.003 Market capitalisation: $7m (as at 26 Nov 2013)
| Topfive shareholders: | Topfive shareholders: |
|---|---|
| Investmet Limited | 24.3% |
| Wyllie Group Limited | 17.1% |
| Delta Resource Management | 8.5% |
| Michael Fotios (Michael Fotios Family A/c) | 2.2% |
| Stirling Copper Pty Ltd | 2.0% |
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Experienced Board
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Michael Fotios Executive Chairman
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Craig Readhead Non Executive Director
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Damian Delaney Non Executive Director
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Mr Fotios has qualifications in geology specialising in economic geology
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Extensive experience in exploration throughout Australia working with gold, base metals, tantalum, tin and nickel from exploration to feasibility
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Mr Readhead is one of WA’s leading mining and resources lawyers with over 33 years legal and corporate advisory experience
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Resources sector specialist, including the implementation of large scale mining projects both in Australia and overseas.
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Mr Delaney is a Chartered Accountant with many years’ experience working with international listed companies
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Independent Corporate Advisory professional
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Former Managing Director of ASX listed Nimrodel Resources Limited (now Walkabout Resources Ltd)
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Tenements
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Multiple targets
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The Big Picture
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High grade hits
Major drilling program back in 2009 identified new copper zones, multiple targets and high grade results, including:
Redbank (drilling beneath old workings):
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35m @ 3.92% Cu incl. 8m @ 12.80% Cu
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42m @ 3.25% Cu
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37m @ 8.40% Cu incl. 10m @ 20.67% Cu
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44m @7.10% Cu incl. 22m 2 13.22% Cu
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15m @ 0.93% Cu
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High grade hits
Major drilling program back in 2009 identified new copper zones, multiple targets and high grade results, including:
Punchbowl (see right):
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31m @ 2.5% Cu from 182m (inc 10m @ 4.4% Copper from 202m)
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99m @ 1.9% from 159m * (inc 32m @ 3.4% Copper from 159m)
Bluff:
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64m @ 4.13% Cu from 142m ( inc 28m @ 6.0% Copper from 144m)
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46m @ 2.81% Cu from 140m
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High grade hits
Major drilling program back in 2009 identified new copper zones, multiple targets and high grade results, including: Roman Nose:
−50m @ 3.03% Cu from 193m ( inc 11m @ 7.0% Copper from 210m)
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Operational Update: Sep 2013 Qtr
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Planning for further diamond drilling on the Bluff, Quartzite, Punchbowl, Roman Nose and Redbank breccia pipes. Assay of historic RC holes
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Planning and statutory approval for the proposed Wollogorang JV drilling programme of six advanced breccia pipe targets
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Commenced interpretation of the low level aeromagnetic and radiometric survey on the Wollogorang JV tenement
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Submission of a Mine Management Plan for Care & Maintenance and Site Remediation, and a Water Management Plan for the Sandy Flat Mine area
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Formulation of a Stakeholder Working Group
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A Northern Territory Copper Explorer
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Michael Fotios Executive Chairman Tel: +61 8 6241 1888 Email: [email protected] Lv 1, 24 Mumford Place Balcatta WA 6021
www.redbankcopper.com.au