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NT MINERALS LIMITED AGM Information 2014

Nov 26, 2014

65450_rns_2014-11-26_e52d0758-91af-4b72-b89f-8e94c36af440.pdf

AGM Information

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AGM 27 NOVEMBER 2014

Disclaimer

Compliance Statements

The information in this announcement that relates to Exploration Results was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. The Exploration Results are based on information compiled by Jason Boladeras, a geologist and Competent Person who is a Member of the Australian Institute of Geoscientists (‘AIG’). Mr Boladeras is employed by Geoarc Pty Ltd and consults to Redbank Copper Ltd. Mr Boladeras has sufficient experience that 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 JORC Code 2004. Mr Boladeras consents to the inclusion in the announcement 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

  • High grade 100% owned Redbank copper (Cu) project in NT

  • 2,445 sq km landholding within McArthur River Basin

  • Exploration focus on expanding resource base; drill along strike / down plunge

  • RC - Diamond drill program just completed at some prospects with existing resources; results pending

  • Sales Agreement with Gulf Minerals Corp to acquire 100% of the highly prospective Wollogorang JV tenement

  • Tenement rationalisation to reduce costs

  • Key Stakeholder meetings held

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Capital Structure

ASX Code: RCP Total shares on issue: 2,339m Share Price: $0.001 Market capitalization: $2.3m (as at 27 Nov 2014)

TopFive Shareholders: TopFive Shareholders:
Wyllie Group Limited 19.9%
Investmet Limited 9.9%
Delta Resource Management 8.5%
Board & Management 3.1%
Gunz Pty Ltd 2.3%

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Experienced Board

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Michael Fotios Executive Chairman

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Craig Readhead Non Exec Director

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Damian Delaney Non Exec Director

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  • Mr Fotios has qualifications in geology specialising in economic geology

  • Extensive experience in exploration throughout Australia working with gold, base metals, tantalum, tin and nickel from exploration to feasibility

  • Mr Readhead is one of WA’s leading mining and resources lawyers with over 33 years legal and corporate advisory experience

  • Resources sector specialist, including the implementation of large scale mining projects both in Australia and overseas.

  • Mr Delaney is a Chartered Accountant with many years’ experience working with international listed companies

  • Independent Corporate Advisory professional

  • 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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RC / Diamond Drill Program 2014

  • Exploration MMP (07/10/2014) and AAPA (end of September) approved

  • RC / Diamond drill program

  • completed before wet season:

  • 1093m RC

  • 163m Diamond

  • Focused on potential to extend copper mineralisation along strike and down plunge from known high grade zones and existing resources

  • End goal is to add oxide and sulphide resources

  • Geological model: mineralised volcanic pipes (brecciated and altered)

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Bluff Prospect

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RC / Diamond Drill Program 2014

  • Drilling started at the Bluff Prospect, where a significant portion of the oxide and sulphide high grade mineralisation is located.

  • Drill intercepts by previous explorers include:

  • 28m @3.6% Cu from 0m (BL06-13),

  • 29m @ 3.0% Cu from 59m (BL-120),

  • 102m @ 3.5% Cu from 81m (BL-11), including 39.6m @ 5.7% Cu from 143.3m.

  • Assays pending

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Plan for 2015

  • RC / diamond drill program to be completed post wet season (Bluff, Quartzite, Punchbowl, Roman Nose, Redbank, Prince, Sandy Flat breccia pipes).

  • Resource update planned taking into consideration 2014/2015 drill results.

  • RC / diamond drilling required on the Wollogorang JV (currently under acquisition): six advanced breccia pipe targets identified – however further field validation required

  • Define exploration targets from interpretation of aeromagnetic / radiometric survey over the Wollogorang JV tenement + on-ground follow-up

  • Decide on future of regional tenement package: JV or rationalise

  • Submission of a Mine Management Plan for Care & Maintenance and Site Remediation, and a Water Management Plan for the Sandy Flat Mine area

  • Continue working closely with key Stakeholders

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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