rambler · 2010-02-12 · brief history main mine 1964 Ð 1967 440,000 tons @ 1.3% cu, 5.2g/t au...

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RAMBLER RAMBLER METALS AND MINING METALS AND MINING PLC PLC February 2008 An Emerging An Emerging Mining Company Mining Company

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Page 1: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

RAMBLERRAMBLERMETALS AND MININGMETALS AND MINING

PLCPLCFebruary 2008

An EmergingAn Emerging

Mining CompanyMining Company

Page 2: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

www.ramblermines.com

HEALTH WARNING

The inf ormation contained in this conf idential document (“Presentation") has been prepared by Rambler Metals and Mining plc (the "Company "). It has

not been f ully v erif ied and is subject to material updating, rev ision and f urther amendment. This Presentation has not been approv ed by an authorised

person in accordance with Section 21 of the FSMA and theref ore it is being deliv ered f or inf ormation purposes only to a v ery limited number of

persons who are persons who hav e prof essional experience in matters relating to inv estments and who f all within the category of person set out in

Article 19 (inv estment prof essionals) of the Financial Serv ices and Markets Act 2000 (Financial Promotion) Order 2001 or are otherwise permitted to

receiv e it. Any other person who receiv es this Presentation should not rely or act upon it. By accepting this Presentation, the recipient represents

and warrants that they are a person who f alls within the abov e description of persons entitled to receiv e the Presentation. This Presentation is not to

be disclosed to any other person or used f or any other purpose.

While the inf ormation contained herein has been prepared in good f aith, neither the Company nor any of its shareholders, directors, of f icers, agents,

employ ees or adv isers giv e, hav e giv en or hav e authority to giv e, any representations or warranties (express or implied) as to, or in relation to, the

accuracy , reliability or completeness of the inf ormation in this Presentation, or any rev ision thereof , or of any other written or oral inf ormation made

or to be made av ailable to any interested party or its adv isers (all such inf ormation being ref erred to as "Inf ormation") and liability theref ore is

expressly disclaimed. Accordingly , neither the Company nor any of its shareholders, directors, of f icers, agents, employ ees or adv isers take any

responsibility f or, or will accept any liability whether direct or indirect, express or implied, contractual, tortuous, statutory or otherwise, in respect of ,

the accuracy or completeness of the Inf ormation or f or any of the opinions contained herein or f or any errors, omissions or misstatements or f or any

loss, howsoev er arising, f rom the use of this Presentation.

Neither the issue of this Presentation nor any part of its contents is to be taken as any f orm of commitment on the part of the Company to proceed

with any transaction and the right is reserv ed to terminate any discussions or negotiations with any prospectiv e inv estors. In no circumstances will

the Company be responsible f or any costs, losses or expenses incurred in connection with any appraisal or inv estigation of the Company . In

f urnishing this Presentation, the Company does not undertake or agree to any obligation to prov ide the recipient with access to any additional

inf ormation or to update this Presentation or to correct any inaccuracies in, or omissions f rom, this Presentation which may become apparent.

This Presentation should not be considered as the giv ing of inv estment adv ice by the Company or any of its shareholders, directors, of f icers,

agents, employ ees or adv isers. Each party to whom this Presentation is made av ailable must make its own independent assessment of the

Company amer making such inv estigations and taking such adv ice as may be deemed necessary . In particular, any estimates or projections or

opinions contained herein necessarily inv olv e signif icant elements of subjectiv e judgment, analy sis and assumptions and each recipient should

satisf y itself in relation to such matters.

Neither this Presentation nor any copy of it may be (a) taken or transmitted into Australia, Canada, Japan or the United States of America, their

territories or possessions; (b) distributed to any U.S. person (as def ined in Regulation S under the United States Securities Act of 1933 (as amended))

or (c) distributed to any indiv idual outside Australia, Canada or Japan who is a resident thereof in any such case f or the purpose of of f er f or sale or

solicitation or inv itation to buy or subscribe any securities or in the context where its distribution may be construed as such of f er, solicitation or

inv itation, in any such case except in compliance with any applicable exemption. The distribution of this document in or to persons subject to other

jurisdictions may be restricted by law and persons into whose possession this document comes should inf orm themselv es about, and observ e, any

such restrictions. Any f ailure to comply with these restrictions may constitute a v iolation of the laws of the relev ant jurisdiction

Page 3: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

www.ramblermines.com

Corporate ProfileCorporate ProfileRambler Metals and Mining PLC ("Rambler") was establishedto invest in the base metal sector in politically stable jurisdictions. Itsprincipal project is the Rambler copper-gold property, located on theBaie Verte Peninsula of Newfoundland and Labrador, Canada.

Stock Exchange/Symbol:AIM: RMMTSX-V: RAB

Security Type: EquityShares Issued: 49,725,000Year Current: 1.38High/ Low: 1.70 / 0.97Market Cap: $ 68,620,500

Principal Investors: Altius 24%Zila Corporation 16%

Page 4: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

www.ramblermines.com

Management and DirectorsManagement and Directors

• D.H.W. Dobson (Chairman)

o Founder and Chairman of Kirkland Lake Gold; Mine Finance

• Brian Dalton

o President and Founder of Altius Minerals

• Brian Hinchcliffe, B.A.

o President of Kirkland Lake Gold

• Stanley Neamonitis

o Senior Metals Executive (Glencore)

• John Baker, Q.C.

o Lawyer and Director of Altius Minerals

• John Thomson, C.A. (CFO)

o Interim CFO for both Kirkland Lake Gold and Rambler Metals and Mining PLC

• George Ogilvie, P.Eng. (CEO)

o 19 years Mine Management Experience

Page 5: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

www.ramblermines.com

New York Paris

London

Hamburg Port

Horn

Smelter

Newfoundland

Toronto

RAMBLER

• Road System

• Power Distribution System

• Experienced Labour Force

• Local Community Support

• Provincial Gov’t Support

• Brownfield Site

• Year Round Wharf / Port

LocationLocation

Page 6: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

www.ramblermines.com

Brief HistoryBrief HistoryMain Mine 1964 – 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au

East Mine 1967 – 1974 2,131,000 tons @ 1.04% Cu

Big Rambler Pond 1970 – 1971 50,000 tons @ 1.2% Cu

Ming Mine 1972 – 1982 2,121,400 tons @ 3.5% Cu, 2.5g/T Au

Ming West 1995 – 1996 271,000 tons @ 4.0% Cu, 5.8g/T Au

• Mill Cu recoveries better than 92%

• Property boundary reached in 1982 andsubsequently the mine closed and flooded

• Ming West operated 1995 - 1996

Page 7: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

Organizational ChartOrganizational Chart

Board of Directors

George OgilvieCEO

John ThomsonCFO

Corey GreenhamEnv.Coordinator

Don SeymourProj. Superintendent

Larry PilgrimChief Geologist

Peter MercerProject Coordinator

Allan CuffIT Technician

Jennifer BoundsAdmin. Assistant/

Procurement

Milton NoelH&S Coordinator

17 U/G Miners4 WWTP

Employees2 Project Geologist

2 Core Handler

Survey Technician

4 Maintenance

Existing Manpower

2 Officers

9 Staff

29 Employees

40 Total

www.ramblermines.com

1 Surface Dry / Yard

Page 8: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

www.ramblermines.com

Project Timeline Project Timeline –– Next Steps Next Steps

0.50

1.00

1.50

2.00

2.50

3.00

3.50

Jan 0

3

July

03

Jan 0

4

July

04

Jan 0

5

July

05

Jan 0

6

July

06

Jan 0

7

July

07

5. Decision to Dewater Mine

6. DOE Construction Permit

8. Labour Force Hired

9. Dewatering Begins3. Rambler Lists on AIM

4. Exploration Program

7. Rambler Lists on TSX-V1. Altius Acquires Project

2. Rambler / Altius Negotiate

1

23,4

5

6

7,8

9,10

10. U/G Contract Awarded

12. Scoping Study Awarded

11,12

11. Metallurgical Test Work

20

30

40

506070

$US

pence

Jan 0

8

July

08

Jan 0

9

14. Basic Metallurgical testing

Complete

15. Scoping Study Complete

13. UG DD Commences

16. Publish NI43-101

17. Begin Prefeasibility

13,14

15 16 17

Page 9: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

www.ramblermines.com

Dewatering ProgressDewatering Progress(as of Monday, February 18(as of Monday, February 18thth, 2008), 2008)

PORTAL

Waste Water

Treatment

Facility

Boundary Shaft

+100 m

0 m

-100

-200

-300

-400

-500-600

-700

+100 m

0 m

-100

-200

-300

-400

-500

-600• Water Level at 1750L

• 174 M US Gallons of Water Pumped

• 200M US Gallon Milestone to be reached before

March 31st

• Dewatering Completion June 2008

• Water Discharge Full Environmental Compliance

Page 10: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

www.ramblermines.com

3D-Model3D-Model

Min

g M

assiv

e S

ulp

hid

e

Low

er Fo

otw

all Z

one

Upper FZ

1807 Zone

Boundary Shaft

1800level

Portal

Ming West

-750 m

3D Model of the Ming MineRambler Property

Looking South West

Ming M

assive Sulphide

-750 m

Mined Areas

New Gold Intersections

Page 11: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

www.ramblermines.com

Diamond Drill HitsDiamond Drill HitsLower Footwall ZoneLower Footwall Zone

Surface

• 37.2 m @ 2.14% copper

• 19.5 m @ 2.66% copper

• 15.0 m @ 2.53% copper

• 10.5 m @ 3.20% copper

• 7.5 m @ 4.17% copper

• 17.4 m @ 3.18% copper

• 6.4 m @ 3.32% copper

• 9.0 m @ 3.10% copper

• 70.4 m @ 1.50% copper

Underground

• 17.9 m @ 1.85% copper

• 15.1 m @ 1.51% copper

• 13.0 m @ 1.88% copper

• 5.3 m @ 1.93% copper

• 5.2 m @ 2.05% copper

• 12.7 m @ 1.34% copper

• 14.7 m @ 1.45% copper

Lower Footw

all Zone

1250 m

OPEN DOWNPLUNGE

Page 12: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

www.ramblermines.com

Upper and Lower Footwall ZonesUpper and Lower Footwall Zones

• UFZ, 50m and LFZ,100m below the Ming Massive Sulphide Zone

• Both Zones open down plunge

• Amenable to bulk mining methods

• 97% Copper Recovery with only 5 minute floatation time

• 50% Inert Chlorite and may be removed by cyclone

Page 13: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

www.ramblermines.com

Diamond Drill HighlightsDiamond Drill HighlightsUpper Footwall ZoneUpper Footwall Zone

RM06-04f

• 6.0 m of 14.6% Cu, 1.6 g/T Au

RM06-04g

• 14.4 m of 5.16% Cu, 0.5 g/T Au

Including:

• 3.3 m of 14.6% Cu, 1.4 g/T Au

RM06-04h

• 9.9 m of 3.51% Cu, 0.4 g/T Au

Including:

• 2.0 m of 11.6% Cu, 1.3 g/T Au

RM06-04l

• 5.0 m of 5.20% Cu, 0.3 g/T Au

Including:

• 2.0 m of 10.7% Cu, 0.6 g/T Au

RM06-08h

• 10.2 m of 2.5% Cu

Including: 2.5 m of 6.04% Cu

Upper FZ

OPEN DOWNPLUNGE

400 m

Page 14: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

www.ramblermines.com

1807 Zone1807 Zone

2008 Planned Targets

-500

m

-500

m

RM18

RM19

RM20

1807 Zone

• Previous Step Outs 50m

• Next Step Outs 100m and 200m

• Metallurgical Testing 94% Cu Recovery

o 25 minute floatation time

• Access to Main Ramp 300m away

• Truck to Surface while Shaft being Rehabilitated

OPEN UP and DOWNPLUNGE

Page 15: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

www.ramblermines.com

Diamond Drill HighlightsDiamond Drill Highlights1807 Zone1807 Zone

RM07-18

• 2.6 m of 17.7% Cu, 3.5 g/T Au

RM07-18b

• 2.6 m of 12.1% Cu, 5.9 g/T Au

RM07-20h

• 14.0 m of 5.9% Cu, 1.5 g/T Au

Including:

• 3.45 m of 16.5% Cu with 3.3 g/T Au

RM07-20j

• 18.5 m of 4.26% Cu, 4.3 g/T Au and 1.25% Zn

Including:

• 6.4 m of 10.82% Cu, 3.26 g/T Au and 3.38% Zn

1807 Zone

OPEN UP AND DOWN PLUNGE

500 m

Page 16: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

www.ramblermines.com

Diamond Drill HighlightsDiamond Drill HighlightsNew Gold IntersectionsNew Gold Intersections

RMUG07-01

• 34.4 m of 1.8 g/T Au with 0.61% Cu

Including:

• 5.2 m of 6.7 g/T Au with 2.96% Cu

RMUG07-07a

• 27.2 m of 1.2 g/T Au with 0.05% Cu

Including:

• 4.9 m of 3.0 g/T Au with 0.03% Cu

New Targets both from surface and underground during

2008 drill program.

Gold Sample from 1800 level

740

level

VG

17.1 g/t Au

over 9 ft(Historic Drill Hole)

30 g/t Au

over 7 ft(Historic Drill Hole)

Current Drill Target

Page 17: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

www.ramblermines.com

SummarySummary

! Directors and Management

! Location

! Community Support

! Political Support

! Infrastructure

! Experienced Labour Force

! Historical Mining Camp

! Exploration Success

! Exploration Potential

! Metallurgical Results

! Dewatered Mine

! Sound Strategic Plan

RAMBLER

Page 18: RAMBLER · 2010-02-12 · Brief History Main Mine 1964 Ð 1967 440,000 tons @ 1.3% Cu, 5.2g/T Au East Mine 1967 Ð 1974 2,131,000tons @ 1.04% Cu Big Rambler Pond 1970 Ð 1971 50,000

www.ramblermines.com

RAMBLERRAMBLERMETALS AND MININGMETALS AND MINING

PLCPLC

Stock Exchange Symbol: TSXV: RAB AIM: RMM