For personal use only Wowo Gap Nickel Laterite Project Papua New Guinea Resource Mining Corporation
Disclaimer This presentation has been prepared by Resource Mining Corporation Limited (“RMC” or the “Company”). It should not be For personal use only 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.
Wowo Gap – Nickel Laterite Project ACCESS For personal use only • 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
Wowo Gap – Nickel Laterite Project Resource Drilling Program - last core drilling 2011 For personal use only 8,948,000 mN Exploration Summary • 295 holes drilled 8,947,000 mN • 200 metre spacings 8,946,000 mN 12 km strike length • • 70% of holes Ni LEGEND 8,945,000 mN Previous Wacker Drill Holes >1.0% Previous Diamond Drill Holes 2010 Core Holes 2011 Core Holes • 125 Mt @ 1.06% Ni 8,944,000 mN and 0.06% Co Total contained Ni • 8,943,000 mN 1.32Mt 8,942,000 mN 8,941,000 mN 706,000 mE 707,000 mE 708,000 mE 709,000 mE 710,000 mE 711,000 mE 712,000 mE 713,000 mE 8,940,000 mN
Wowo Gap – Nickel Laterite Project Mineral Resource Statement For personal use only • Current Resource - Indicated 72MT @ 1.03% Ni and 0.07% Co plus Inferred 53MT @ 1.09% Ni and 0.06% Co Project Drilling History • Independent verification Type Year Drill Company No Holes Core Size Metres Drilled of: diamond 1972 PNE 17 (PN & PND holes) NQTT 405.3 • Drilling and sampling wacker 1999 ANL 23 (WGW001 - 23) BQTT 119.1 procedures wacker 2004 NN 70 (WGW024 - 93) BQTT 341 • QA/QC on site wacker 2008 NN 55 (WGW101-155) BQTT 270.9 Confirmed to Canadian • diamond 2003 UPD 8 (1 - 8) HQTT 160.7 Ni 43-101 standard for technical reporting of diamond 2004 UPD 18 (9 - 26) HQTT 404.6 mineral projects diamond 2007 Paradise 45 (27 - 72) NQTT 1085.4 • Ravensgate (Perth based diamond 2008 Paradise 11 (73 - 83) HQTT 235.7 Independent Minerals diamond 2008 Paradise 17 (84 - 98) HQTT 277.5 Industry consultant) core 2010 NN 159 (101 - 258) NQTT 1007.5 completed the Resource core 2011 NN 138 (259 - 395) NQTT 738.3 Update
Wowo Gap – Nickel Laterite Project Wowo Gap Resource Estimate By Ni Grade For personal use only 0.8% Ni cut off grade 1.0% Ni cut off grade 1.2% Ni cut off grade Indicated + Inferred: Indicated + Inferred: Indicated + Inferred: 125Mt @ 1.06%Ni 63Mt @ 1.23%Ni 25Mt @ 1.43%Ni
Wowo Gap – Nickel Laterite Project Ore mineralogy – Saprolite and Limonite For personal use only Saprolite Limonite Sample ID Sample ID 4- 864 FLUORITE, SYN 4- 864 FLUORITE, SYN 30 27- 1276 CLINOCHRYSOTILE 17- 536 GOETHITE 2- 100 ANTIGORITE 13- 558 TALC-2M 5 82- 1837 LIZARDITE 85- 1053 QUARTZ - SYNTHETIC 29- 1497 NONTRONITE-15A 41- 1378 LITHIOPHORITE 21- 1260 FORSTERITE 23- 1119 TREVORITE, FERROAN 13- 558 TALC-2M 24- 512 CHROMITE, SYN 85- 2157 TREMOLITE 85- 1053 QUARTZ - SYNTHETIC 24 5- 622 DOLOMITE 4 Intensity (Counts) X 100 Intensity (Counts) X 100 18 3 12 2 6 1 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 2-Theta Angle (deg) 2-Theta Angle (deg) File Name: c:\...\qxrd\rmcsap~2.cpi File Name: c:\...\qxrd\rmclim~2.cpi • Serpentine (e.g. antigorite, lizardite, • Goethite clinochrysotile) • Lithiophorite • Smectite (e.g. nontronite) • Quartz, talc • Other silicates (e.g. talc, tremolite, • Spinels (e.g. chromite, trevorite) forsterite) • Quartz, dolomite • Garnierite
Wowo Gap – Nickel Laterite Project Metallurgical Testwork For personal use only 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
Wowo Gap – Nickel Laterite Project Alternative Process Technology For personal use only 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 Initial Testwork Leach New Process Initial Testwork Leach New Process Leach Ore Type Head Assay Head Assay Extraction Leach Extraction Extraction Extraction % % % % % % Limonite 0.76 6 50 0.14 39 100 Limonite 1.08 7 55 0.13 54 100 Limonite 1.37 13 72 0.09 67 100 Limonite 1.51 14 75 0.08 58 100 Saprolite 1.21 16 93 0.05 60 89 Saprolite 0.95 18 78 0.03 78 94 Saprolite 0.93 20 84 0.02 71 88 Saprolite 0.84 21 90 0.04 55 79
Wowo Gap – Nickel Laterite Project Future Development Options For personal use only 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
Wowo Gap – Nickel Laterite Project Hydro Electricity Power Potential For personal use only 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
Wowo Gap – Nickel Laterite Project Hydro Electricity Power Potential For personal use only 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
Wowo Gap – Nickel Laterite Project Social Engagement For personal use only Logistics - +280 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
Wowo Gap – Nickel Laterite Project Social Responsibility For personal use only 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
Recommend
More recommend
