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RENASCOR RESOURCES LIMITED — AGM Information 2012
Nov 29, 2012
65723_rns_2012-11-29_f4d3aeae-b12f-4796-b3a9-33cd5527626f.pdf
AGM Information
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Renaissance Uranium
Annual General Meeting Presentation
30 November 2012
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Renaissance Uranium
Corporate
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ASX code RNU
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Shares on issue 114.8m
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Options 14.3m*
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Cash (30 Sep 12) $4.5m
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Share price (28 Nov 12) $0.056
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• Market capitalisation $6.4m
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Top 20 shareholding 64%
Board of Directors
Stephen Bizzell (Chairman) David Christensen (MD) Geoff McConachy Chris Anderson Andrew Martin
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Board shareholding 47%
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Option breakdown: 13,550,000 million options @ $0.24, expiring between 15 December 2013 and 17 February 2015; 750,000 @ $0.054, expiring 30 April 2016.
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Highlights
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Successful transition to multicommodity, South Australia-focused explorer
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Near-term copper and gold discovery opportunities
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Key projects within established mineral provinces of SA
• Active explorer
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Building value through cost-effective drill campaigns
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Strong pipeline of new “company maker” targets for drill-testing
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Recent low cost acquisitions of uranium projects
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Strong cash position
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~$4.5m as of 30 Sept 12
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Multiple opportunities for imminent discoveries
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Market
Share performance
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RNU.ASX XSR.ASX XJO.ASX
165%
145%
125%
105%
85%
65%
28 Nov 11 02 Jan 12 06 Feb 12 12 Mar 12 16 Apr 12 21 May 12 25 Jun 12 30 Jul 12 03 Sep 12 08 Oct 12 12 Nov 12
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RNU share performance over last 12 months, as compared to S&P/ASX 200 (XJO.ASX) and S&P/ASX Small Resources (XSR.ASX)
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•
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Significant uncertainty in global markets over past year
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RNU strategy will continue to maintain aggressive, cost-effective exploration
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RNU performance volatile, but favourable against Australian small resource sector
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Focus on “company-maker” discovery opportunities in South Australia
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Projects 14,341 km[2] in South Australia*
2012 main focus: immediate discovery opportunities
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Eastern Eyre: IOCGU
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Multiple untested geophysical anomalies adjacent to mineralised fault zone
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Previously inaccessible, licence now granted
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Gairdner: initial scout drilling completed 1 Nov 12
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Epithermal model confirmed
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Assays pending on magnetic and silver targets
Pipeline of projects for drill testing 2012/2013
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•
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Eastern Eyre (IOCGU) Cowell (graphite)
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• Olary (gold/copper) • Tanners Dam (IOCGU/uranium)
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Marree (copper)
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Warrior (uranium)
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South Australian projects
- Includes recent acquisitions of Warrior and Frome Projects. See ASX Releases dated 31 August and 4 September 2012.
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Eastern Eyre Project Prime IOCGU targets unlocked
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Licence recently granted over prime tenure in Eyre Peninsula (SA)
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Proposed expansion to Cultana military training area previously halted exploration
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Prime IOCGU terrain
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Analogous to nearby Hillside copper project
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Limited modern exploration along mineralised Roopena Fault Zone
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Immediate geophysical and geochemical drill targets
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Eastern Eyre Project (in yellow), showing regional geology
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Eastern Eyre Project Multiple untested IOCGU targets
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Multiple untested magnetic and gravity anomalies near fault structures
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Widespread copper mineralisation to east
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Anomalies intersected from geochemical sampling in 1960s to 1980s
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Fault zone largely untouched
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2009 discovery of Hillside highlights critical role of N-S faulting
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But Cultana military training area expansion prevented access
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Eastern Eyre Project, showing historical copper occurrences and identified magnetic and gravity anomalies (EL 5012 in yellow; EL 4721 in Orange)
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Eastern Eyre Project Geochemical/geological drill targets
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Historical prospects include immediate drill targets
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1050 East: 40m @ 0.37 Cu (from 80m- 120m), including 2.9m @ 1.96% Cu
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1050: 93m @ 0.12% Cu (from 36m to 129m)
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IOCGU/copper setting
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Significant alteration
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Brecciated host sequence
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Limited historical drilltesting
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Next steps: geophysics and drilltesting
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Eastern Eyre Project, showing geology and mineralisation summary for 1050 East and 1050 Prospects
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Gairdner Project Overview
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Located in prime discovery tenure
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Limited historical exploration
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Elevated silver geochemistry
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Multiple magnetic anomalies
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First pass drilling completed 1 Nov 2012
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Gairdner Project. EL 4675 (100%) and EL 4836 (earning 80%)
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Gairdner Project Interim drill results
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Alteration consistent with proposed epithermal silver model
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Volcanics and granites intersected
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Zones of alteration and veining
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Drilling over magnetic anomalies intersects mafic volcanics
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Interpreted as either Archean greenstones of Lower Gawler Range Volcanics
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- Assay results pending
Gairdner Project. Geology plan showing geochemical sampling and identified silver and magnetic targets
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Olary Project Overview
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Olary Project, showing gold prospects and Polymetal’s and Exco’s White Dam gold mine
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Multiple near-surface gold prospects
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Initial scout drilling: multiple elevated gold intercepts
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Close proximity to White Dam gold mine
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Confirms effectiveness of exploration model
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Target identification (2011 – 2012) through extensive soil geochemistry
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Potential for deeper basement targets
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Olary Project New gold prospects and ELA
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Latest geochemical sampling defines new untested targets
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Highest tenor prospects to date
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New ELA approved along strike from open targets
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Next steps
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Infill sampling
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RC drilling
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Olary Project, showing geochemical sampling over EL 4399 and newly approved ELA 12/212
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Marree Project Copper targets
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Adelaide Fold Belt (SA)
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Target: Zambian Copper Belt Style
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Widespread copper mineralisation and prospects
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Prominent electromagnetic conductors at Luck at Last
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Extensive historical copper in project area
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Comparable sedimentary sequence and age as Zambian Copper Belt
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Next steps: extensive AEM and drill-testing
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Marree Project (showing ELs 4676, 4677 and 4822), with historical copper prospects and Renaissance’s Luck at Last prospect
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Warrior Project Advanced uranium project
• Brownfield uranium project
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Discovered by PNC in 1970s
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Extensive uranium drill intersections
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Opportunity to use modern exploration techniques to enhance existing uranium zones in grade and dimension
• Low-cost
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Acquisition consideration: residual 1% net smelter royalty
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Minimal costs to advance to next stage
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Low risk opportunity to benefit from potential changes in uranium sentiment
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Map of significant uranium occurrences (from Geoscience Australia), showing Warrior project and other South Australian uranium projects
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Frome Basin Project Sandstone-hosted uranium
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Strategic uranium land position
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4,000 km[2] within the uranium-rich Frome Basin (SA)
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Close proximity to:
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Beverley uranium mine (46.3 million pounds @ 0.27% U3O8)
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Four Mile (70.5 million pounds @ 0.33% U3O8)
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Beverley North and Pepegoona (8.8 million pounds @ 0.18% U3O8)
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• Low-cost
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Acquisition consideration: 800,000 RNU shares
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Further opportunity to benefit from potential changes in uranium sentiment
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Frome Basin Project
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Cowell Prospect Graphite targets
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Location: Eyre Peninsula
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Emerging graphite province
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Two strong conductors identified from AEM survey
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Along interpreted stratigraphic boundary from Archer Exploration’s Wilklow Prospect
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Within regional shear zones in Lower Proterozoic sediments
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Potential drill targets for 2013
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Renaissance’s EL 3978 (earning 75%), showing priority targets conductors over AEM image
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Tanners Dam Uranium/IOCGU
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Central Gawler Craton (SA)
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Target: volcanic-hosted uranium/IOCGU within zones of high magnetite destruction
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Geologic similarity to Stretsolska, Russia’s preeminent uranium region
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Felsic lava pile above Hiltaba granite magma chamber
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Magnetic lows
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Intense hydrothermal alteration, coincident with radiometric highs and positive gravity anomalies
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Government-funded PACE grant to drill two 350m-deep holes
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Tanners Dam. Magnetic image, showing granite (blue) intruding over volcanics (red and green) in EL 4874 (100%) and ELA 11/304 (100%)
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Planned activities and news flow
Next 6 months
| Project | Target | Activity | Nov | Dec | Jan | Feb | Mar | Apr |
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| Gairdner | Silver/base metal | RCdrilling | ✔ |
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| Drill results | ✔ |
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| Data review | ✔ |
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| Drill clearances(TBC) | ✔ |
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| Follow-updrilling (TBC) | ✔ |
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| Eastern Eyre | IOCGU/Copper | Geophysical surveys | ✔ |
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| Data review | ✔ |
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| Drill clearances | ✔ |
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| RC drilling | ✔ |
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| Olary | Gold/Copper | Infill sampling | ✔ |
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| Data review | ✔ |
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| Drill clearances | ✔ |
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| RC drilling | ✔ |
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| Marree | Copper | AEMsurvey | ✔ |
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| Data review | ✔ |
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| Drill clearances | ✔ |
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| RC drilling (TBC) | ✔ |
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| Warrior | Uranium | Data review | ✔ |
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| Drill clearances | ✔ |
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| RC/diamond drilling (TBC) | ✔ |
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| Tanners Dam | Uranium/IOCGU | Drill clearances | ✔ |
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| Drilling (TBC) | ✔ |
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| Cowell | Graphite | Drill clearances | ✔ |
✔ |
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| RC drilling (TBC) | ✔ |
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Important notice
Forward Looking Statements
This Presentation may include statements that could be deemed “forward-looking” statements. Although Renaissance Uranium Limited (the “Company”) believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those expected in the forward-looking statements or may not take place at all.
No Offer to Sell or Invitation to Buy
This Presentation is not, and should not be considered to, constitute any offer to sell, or solicitation of an offer to buy, any securities in the Company, and no part of this Presentation forms the basis of any contract or commitment whatsoever with any person. The Company does not accept any liability to any person in relation to the distribution or possession of this Presentation from or in any jurisdiction.
Disclaimer
Whilst care has been exercised in preparing and presenting this Presentation, to the maximum extent permitted by law, the Company and its representatives make no representation, warranty or undertaking, express or implied, as to the adequacy, accuracy, completeness or reasonableness of this Presentation; accept no responsibility or liability as to the adequacy, accuracy, completeness or reasonableness of this Presentation; and accept no responsibility for any errors or omissions from this Presentation
Receipt of this Presentation
If the recipient of this Presentation has signed any confidentiality or similar agreement covering information of the type herein contained, then the Presentation and all information therein is received subject to that agreement(s).
Competent Persons Statement
The exploration results in this Presentation, insofar as they relate to mineralisation, are based on information compiled by Mr G. W. McConachy (fellow of the Australasian institute of Mining and Metallurgy) who is a director of the Company. Mr McConachy has sufficient experience relevant to the style of mineralisation and type of deposits being considered to qualify as a competent person as defined by the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC code, 2004 edition). Mr McConachy consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
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