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RIMFIRE PACIFIC MINING LIMITED — Investor Presentation 2012
Nov 13, 2012
65704_rns_2012-11-13_5f37d9fe-d620-473e-a7a1-4adde0b1bafd.pdf
Investor Presentation
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rimfire pacific mining nl (ASX “RIM”) Emerging Greenfields Gold Discovery in NSW
John Kaminsky Executive Chairman
For the NSW T & I Miners-Explorers Presentation Event 14[th] November 2012
Rimfire Pacific Mining
14 November, 2012
1
Disclaimer
This presentation contains “forward looking statements” as defined or implied in common law and within the meaning of the Corporations Law. Such forward looking statements may include, without limitation, (1) estimates of future capital expenditure; (2) estimates of future cash costs; (3) statements regarding future exploration results and goals. Where the Company or any of its officers or Directors or representatives expresses an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and the Company or its officers or Directors or representatives as the case may be, believe to have a reasonable basis for implying such an expectation or belief. However, forward looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward looking statements. Such risks include, but are not limited to, commodity price fluctuation, currency fluctuation, political and operational risks, governmental regulations and judicial outcomes, financial markets and availability of key personnel. The Company does not undertake any obligation to publicly release revisions to any “forward looking statement”, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
Rimfire Pacific Mining
14 November, 2012
2
Presentation Outline
- Main Discussion Items
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Rimfire Pacific Mining
14 November, 2012
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Rimfire Pacific Mining NL – Project Areas
Fifield Platinum and Gold Project Area
- Alluvial Gold Discovery 1880’s
Only dedicated Platinum mining in Australia, alluvial resource was not exhausted, hard rock not understood
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Platinum 20,000oz recovered 1890’s
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Commonwealth’s largest producer
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2010 New Major Fine Gold and Silver
Potential – Sorpresa Project
- Base Metal Potential
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Rimfire Pacific Mining
14 November, 2012
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Company Profile
(as at 9th November 2012)
Shares on Issue
-
Placement and SPP 85M shares at 3.0 cents, Sept 2012, $2.54M gross
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610M Ordinary FP
Market Cap. Approx. $37.9M @6.2 cents
Share Price Movement
-
2011 High 6.0 cent, Low 3.1 cent
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2012 High 9.3 cent (Oct), Low 2.5 cent
Volume
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Feb-Sept approx. 5m shares/mth
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October 132m shares
Shareholders Profile
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Management 10%
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Top 20 Holders 35%
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Top 100 Holders 65% (cut-off 1.2M shares)
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2,130 shareholders
Cash Status 30 September 2012
- $3.36m
Rimfire Pacific Mining
14 November, 2012
5
12 Month Share Price Performance
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Trench 31
9m @ 4.9g/t Au
Fi 212
14m @ 24.4g/t Au And
26m @ 155g/t Ag
To S&P/ASX MIDCAP RESOURCES
Share price performance
solid in tough markets
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Rimfire Pacific Mining
14 November, 2012
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District Location – Good Address!
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Lachlan Lineament – Major Mineralised corridor Tout Complex at Fifield Orientation – Confirms lineament position Au and Pt in some Shears with this orientation at Fifield Cadia, North Parkes, IvanPlats, KBL, YTC, CCU
Rimfire Pacific Mining
14 November, 2012
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Fifield Rimfire Major Project Areas
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Sorpresa
Gold
Project
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RIM has seven exploration licences
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Approx. 300 km[2 ]
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2 Mineral claims (Mining Licences) and a Bulk Disturbance permit “Pit One”
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Permit for 6 x 100m trenches Platina Lead
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210 Hectares of Freehold
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Platina- Tresylva Corridor of Faults
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Complex mineralised area
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Contains Pt, Au and Ag
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Quality focus on 60km[2] area within this
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Good infrastructure (Road, Electricity, Land)
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Platina Lead looking north - influenced by Platina-Tresylva trend
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Rimfire Pacific Mining
14 November, 2012
Sorpresa Location at Fifield
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Trench 31
Sorpresa
Outline
Platina
Lead
Scale 2km
Company freehold
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In 2010 the Sorpresa geochemistry was discovered 800m north of Company freehold
Rimfire Pacific Mining
14 November, 2012
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Sorpresa Fine Au Discovery Subtle Soil Geochemistry
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• 2007 Rockchip 8.8g/t Au
• 2008 RC Au Intersection (6m @ 2.5g/t Au)
• 2010 Soil Geochemistry Expanded
• 2010 Auger Bedrock (40m > 0.1g/t Au)
• 2010 Trench 31 (9m @ 4.9g/t Au)
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Rimfire Pacific Mining
14 November, 2012
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Drilling in 2011 and 2012
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3,500m in 2011 (40~80m depths) First pass 34/56 holes had Au at 2m >1g/t
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High grade 63g/t Au;
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9,000m (est.) 2012 High grades 86g/t and 118g/t Au (1.2km apart)
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Some deeper holes (100~160m)
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Stepout and scout
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Important 2,500m assays pending
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Moving beyond soil geochemistry
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IP Chargeability anomaly Shallow test (80~150m)underway
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Deeper test required 150~350m
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Rimfire Pacific Mining
14 November, 2012
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Sorpresa Fine Au Discovery
Some Drilling Highlights
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Greenfields RC drilling – 3,546m in 2011 & 4,700m in 2012 to date
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Sorpresa Currently 4 areas across strike length of 1.6km
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0.5mm
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Strong pathfinders in real time, As, Pb, Sb
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52 of 150 holes (34%) have Au at approx. 10g metres Au or better
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Intersection encountered below base of oxidation e.g. Fi107 (6m @ 6.5g/t Au)
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Strong Au Halo most holes 0.05 to 0.2g/t Au
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Two Australian Top 10 Au Intersections in last 12mths Greenfields Exploration
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Fi 160 - Au 14m @ 21.9g/t (incl. 2m @ 87.5g/t Au) from 34m plus Ag 6m @ 94g/t
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Fi 212 - Au 14m @ 24.4g/t (incl. 2m @ 118g/t Au) from 26m plus Ag 26m @ 155g/t
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Fi 214 – Ag 24m @ 173g/t from 12m (incl. 2m @ 943g/t Ag AND 2m @ 480g/t Ag)
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Fine disseminated Native Au repeats well
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In general, coarse Au fraction likely not captured in assays to date
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Roadside area at Sorpresa is Silver dominant
Rimfire Pacific Mining
14 November, 2012
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Fifield Gold Observations – Wider Area
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|||
|---|---|
|Western Block|
|Au in Creek|
|Sampling Area 4km|[2]|
|1.54g/t|
|•|Numerous Fine Au occurrences|
|•|Different to the Coarse Au at Fifield|
|–|More than one Au mineralised system|
|•|Noted historic “hard rock Au|
|scratchings” mapped|
|•|Mapping, Creeks, Soils, Chips,|
|Bedrock sampled by Rimfire|
|•|Sorpresa discovered open ended|
|•|A much larger Au system operating|
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Rimfire Pacific Mining
14 November, 2012
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Gold Receptive Horizon
Gold Receptive “black silica” horizon
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Carbonaceous Sediments pervasively silicified, fractured, Au/Ag mineralised
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“Sorpresa-like” black silica continues to be sighted
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Along strike North and South from known Sorpresa
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“Only a small part of a likely much bigger gold system”
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- Extensive mapped Geology in Syncline Rift Basin setting - 8km[2] Area and open
Geological Concept Model established
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Various styles of Black Silica, Sheared, Brecciated
Rimfire Pacific Mining
14 November, 2012
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Importance of Black Silica Geology Association Model Development
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Au receptive horizon
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Black Silica
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AV Capping Rock
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Shear zone control
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Intersecting shears
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important
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Pod-like 3D geometry
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Probable pooling
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Rimfire Pacific Mining
14 November, 2012
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Sorpresa Tr31 Area Drilling on Soil and Bedrock Geochemistry
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Rimfire Pacific Mining
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Sorpresa Tr31 Area Drilling on Soil and Bedrock Geochemistry
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Fi 154 (May 2012)
Fi 143 (May 2012)
Au: 10m @ 1.23g/t from 18m
Au: 14m @ 0.96g/t from 2m
Incl. 4m @ 2.64g/t from 18m
Incl. 2m @ 4.69g/t from 14m
Fi 161 (June 2012)
Au: 16m @ 4.57g/t from 36m
Fi 141 (May 2012) Incl. 2m @ 8.32g/t from 46m
Au: 14m @ 1.27g/t from 2m Incl. 2m @ 21.3g/t from 48m
Incl. 4m @ 2.21g/t from 2m
Fi 156 (June 2012)
Au: 6m @ 1.53g/t from 36m
AND 6m @ 12.3g/t from 44m
Incl. 4m @ 18.3g/t from 44m
Fi 153 (May 2012)
Au: 14m @ 3.41g/t from 22m
Incl. 2m @ 18.35g/t from 24m
Fi 160 (June 2012)
Au: 14m @ 21.9g/t from 34m
Incl. 2m @ 46.5g/t from 34m
Incl. 2m @ 87.5g/t from 36m
Fi 194 (Sept 2012)
Au: 10m @ 2.55g/t from 36m
Incl. 2m @ 9.26g/t from 36m Fi 193 (Sept 2012)
Au: 8m @ 0.99g/t from 38m AND
2m @ 0.96g/t Au from 52m
Fi 195 (Sept 2012)
Au: 16m @ 3.23g/t from 30m 100m
Incl. 2m @ 17g/t from 36m
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Rimfire Pacific Mining
14 November, 2012
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Sections started to be built at Sorpresa
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More delineation drilling results Nov-Dec
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Approx. 2,500m just completed
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Gaining confidence in step out drilling
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No surface outcrop or historic assistance
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Working towards resource estimations
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More advanced areas at Sorpresa
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Tr31, Boundary gate and Roadside
Rimfire Pacific Mining
14 November, 2012
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IP Survey at Sorpresa
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Roadside
Trench 31
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Limited survey first half 2012 partly over geochemistry
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100m spaced readings, 200m spaced lines
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IP Anomaly is large
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Chargeability values generally increase with depth in known dip direction
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Unusual curved face of geochemistry mirrored in IP survey
Roadside Area IP is closer to surface
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Preliminary basis for chargeable values seen in the geology
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Sulphides, graphite present
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Mineralisation appears associated with the IP here, key assays pending
Rimfire Pacific Mining
14 November, 2012
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IP Survey at Sorpresa
Curved West edge of IP Chargeability increases to depth and the shape replicates the gold position shape at surface, following the known dip to the SE .
Rimfire Pacific Mining
14 November, 2012
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IP Chargeability 16mv/V isosurface
1.2 km
Rimfire Pacific Mining
14 November, 2012
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IP Response at Roadside Area
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300m
Northern
Roadside
Oct 2012 - Fi 212
14m @ 24.4g/t Au from 26m. Oct 2012 - Fi 214
AND 20m @ 0.72g/t Au from 18m.
26m @ 154.6g/t Ag from 14m AND
24m @ 173g/t Ag from 12m
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Rimfire Pacific Mining
14 November, 2012
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IP Response at Roadside
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Encouraging signs seen in recent drilling with assays pending
Rimfire Pacific Mining
14 November, 2012
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Geological Concept Model
– Syncline Rift Basin in Plan View
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Sorpresa at the margin only
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Key marker Geology “Black Silica”
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Strongly gold mineralised system Cross cutting faults and shears Potential for pooled mineralisation
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Extensive Area 8km[2] and open Discovery occurred at eroded positions – Trench 31
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Most of the area is under light alluvium
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Likely best Au zones not yet seen Thicker sections in Rift Basin Centre
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Integrated Model compelling for multi-million ounce Au potential
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Rimfire Pacific Mining
14 November, 2012
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Sorpresa Fine Au Discovery Important Lessons
- Subtle Mineralisation Expression
Only discovered due to eroded lenses at surface in geochemistry
- High Grades for Au and Ag, we have not seen the best grades yet
Most of the area (8km[2] ) subdued with light alluvium
Fine disseminated Gold and Silver
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Metal Zoning, Au, Ag and pathfinders (Pb, As, Sb) aid discovery
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Deeper Connection for the mineralisation suggested by IP
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Conventional style of exploration program - Au Assays
Only a small coarse Au fraction encountered to date, not included in grade
- Other Au noted at Fifield outside Sorpresa Area
Rimfire Pacific Mining
14 November, 2012
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Exploration Programs 2013
Drilling Plans and Geophysics
- In-house percussion Rig approx. 10,000m, discovery, scout and delineation
◦ Contract Rigs approx. 10~15,000m, delineation and deeper capacity
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◦ Likely some more Gravity, IP and Radiometrics
Target Types
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Current Sorpresa and its expansion in the 8km[2] Basin Area
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IP Anomaly under Sorpresa – 150m to 350m depth range
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Regional Targets –all Drill ready e.g. Bulls Eye Hill, Eclipse North, etc.
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Line drilling in alluvium covered areas within the Basin
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Possible Deep Trenching Platina Lead
Rimfire Pacific Mining
14 November, 2012
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Major Gold Areas of Focus Fifield
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1.54g/ t
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Rimfire Pacific Mining
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14 November, 2012
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Objectives for 2013
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Maiden Resource Definition(s)
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Resolution of the IP connection
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Metallurgical testing
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- Expansion– Discoveries Beyond current Sorpresa
Requires further investment in management and greater use of capital going forward
Rimfire Pacific Mining
14 November, 2012
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Why invest in Rimfire?
Sorpresa at an exciting stage
High Grades both Au and Ag
Fine disseminated native Au - assay friendly
Near surface mineralisation
Moving to resource definition(s)
Fifield is a good infrastructure location
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Discovery Growth in Wider Sorpresa 8km[2 ] Area
A strong gold mineralised presence exists
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Au receptive Geology – Syncline Rift Basin setting
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Part of a much larger Au mineralising system at Fifield
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World Class Discoveries are possible in this setting
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Potential for multi-million ounce Au
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The Company should look very different in 12 months time
Rimfire Pacific Mining
14 November, 2012
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Contact us Thankyou
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John Kaminsky Executive Chairman + 61 3 9620 5866 www.rimfire.com.au [email protected] Colin Plumridge Senior Geologist Head of Exploration
The information in the report to which this statement is attached that relates to Exploration Results is compiled by Mr Colin Plumridge, who is a Member of The Australian Institute of Mining and Metallurgy, with over 40 years experience in the mineral exploration and mining industry. Mr Plumridge is employed by Plumridge & Associates Pty. Ltd. Mr Plumridge has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which is being undertaken to qualify as a Competent Persons as defined in the 2004 edition of the “Australian Code for Reporting of Mineral Resources and Ore reserves”. Mr Plumridge consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.
Rimfire Pacific Mining
14 November, 2012
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