broker presentation - assetowl investor website€¢interpretation of airborne...
TRANSCRIPT
Disclaimer
2
While the Company remains optimistic that it will report resources and reserves in the future, any discussion inrelation to exploration targets or resource potential is only conceptual in nature. There has been insufficientexploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination ofa Mineral Resource.
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based oninformation compiled by Nick Burn, who is a Member of the Australian Institute of Geoscientists (“AIG”). He hassufficient experience relevant to the style of mineralisation and type of deposits under consideration and to theactivity 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”. Mr Burn consents tothe inclusion in this report of the matters based on his information in the form and context in which it appears.
The information contained in this presentation is for informational purposes only and does not constitute an offerto issue, or arrange to issue, securities or other financial products. The information contained in this presentationis not investment or financial product advice and is not intended to be used as the basis for making an investmentdecision. The presentation has been prepared without taking into account the investment objectives, financialsituation or particular needs of any particular person.
No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness orcorrectness of the information, opinions and conclusions contained in this presentation. To the maximum extentpermitted by law, none of Regalpoint Resources Limited, their directors, employees or agents, nor any other personaccepts any liability, including, without limitation any liability arising out of fault of negligence, for any loss arisingfrom the use of the information contained in this presentation. In particular, no representation or warranty,express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement orreasonableness or any forecasts, prospects or returns contained in this presentation nor is any obligation assumedto update such information. Such forecasts, prospects or returns are by their nature subject to significantuncertainties and contingencies.
Before making an investment decision, you should consider, with or without the assistance of a financial adviser,whether an investment is appropriate in light of your particular investment needs, objectives and financialcircumstances.
Highlights
3
Successful Exploration at 4 of our priority projects
• Uranium mineralisation identified at Paroo Rangeassays up to 0.47% U> 500m strike length of structure to be investigatedRC drill program underway
• Uranium anomalies at King LeopoldGeochemical assays up to max 0.43% U from Juno, 850 ppm U from L48 anomalyFollow-up helicopter survey underway
• Verification of anomalous Highlander gold trend max 6m @ 3.91g/t Au (HLRC32, 108-114m)
• Definition of palaeochannels at Lyons Curbur with EM surveysPotential for new palaeochannel province similar to Energia
5
Brownfields uranium exploration projects1. Paroo Range, Qld – Targeting high grade like the adjacent Valhalla and Skal
deposits – Skevi prospect: samples to 0.47% U, geological controls similar to Valhalla, 3 other identified targets to test
2. Lake Gregory, SA – Targeting sandstone hosted like the nearby Beverley deposit
3. Leichhardt River and Georgetown Qld – Targeting sandstone hosted and Maureen style as well as Au/Cu
4. Rum Jungle, NT – Targeting high grade unconformity related like RJS – U and Au – identified radon anomaly beneath cover
Targets in emerging provinces1. King Leopold, WA – Unconformity and Sandstone hosted – 40+ interpreted
targets, initial results 0.43% U from Juno, 850 ppm U from L482. Lyons Curbur, WA – Sandstone and Sediment hosted 3. Mt Walters, WA – Mulga Rock Type sediment hosted 4. Pollock Hills, WA – Unconformity related and sandstone hosted
• Adjacent to high grade Valhalla and Skal Uranium deposits held by Paladin Energy
• Within 50km of historic Mary Kathleen Uranium deposit (20 Mlbs @ 0.12% U3O8produced)
• More than 70 uranium deposits, occurrences and prospects within 50km radius of project
7
Paroo Range, Qld
8
Exploration Target
Mt Grade ppm U3O8
TonnesU3O8
MlbU3O8
Measured Resources 16.02 819 13,116 28.9Indicated Resources 18.64 840 15,662 34.5Total Measured + Indicated 34.66 830 28,778 63.5
Inferred Resources 9.1 643 5,824 12.8Updated Valhalla Mineral Resource as at September 2010 (at 230ppm U3O8 Cut-off)(Figures may not add due to rounding)From Paladin Energy Website
Mineralisation tends to be strongly structurally controlled and generally located on second order structures positioned just off major north-south striking faults
Valhalla mineralisation occurs within a series of brecciated metasediments and altered basalts
Valhalla mineralisation forms two tabular, vertically dipping zones striking north–south
Uranium–vanadium mineralisation is confined to zones of red-coloured hematite–magnetite–carbonate alteration
9
• Interpretation of airborne radiometrics/magnetics identified + 20 targets• Helicopter reconnaissance • Identified anomaly over 500m N-S strike• Four peaks over 500ppm U, with
high grade samples up to 0.47% U• Interpreted as Valhalla style mineralisation
• structural control• altered basalts• haematite – carbonate alteration
2012
RC drill testing of Skevi structure (2000m RC) along strike and at depth
Further geochemical definition of other targets
• Prospective for unconformity and sandstone hosted uranium mineralisation • Potential for vein-related uranium mineralisation • Limited historical exploration
11
• Interpretation of airborne radiometrics/magnetics identified 40+ targets• Helicopter reconnaissance and prospecting• Preliminary spectrometer assays up to 850 ppm eU* from Jupiter/Juno and 671 ppm
eU* from L48• Geochemical confirmation assays up to max 0.43% U from Juno, 850 ppm U from L48
12
Jupiter/Juno522 ppm eU*
850 ppm eU* (0.43%U)
57 ppm eU*
71 ppm eU*
186 ppm eU*671 ppm eU*
22 ppm eU*
*Uranium mineralisation grades through this report are annotated with a sub-prefix ‘e’ because they have been reported as uranium equivalent grades derived from RS125 spectrometer results and should be regarded as approximations only.
• Jupiter/Juno – clay alteration in N-S trending hydrothermal quartz breccia fault• L48 – redox front within underlying Proterozoic sandstones• Gold anomalism in E80/4311, up to 271 ppb Au
2012Further ground definition of Juno and L48 (May 2012)Initial drill reconnaissance of anomalies
13
Jupiter/Juno522 ppm eU*
850 ppm eU* (0.43%U)
186 ppm eU*671 ppm eU*
*Uranium mineralisation grades through this report are annotated with a sub-prefix ‘e’ because they have been reported as uranium equivalent grades derived from RS125 spectrometer results and should be regarded as approximations only.
• Located within the emerging Eromanga Basin province, SA
• Sandstone hosted roll front type target
• Sandstone uranium model based on uranium fields in Kazakhstan (estimated total resources of 1.14 million t U3O8) .These deposits occur up to 250 km from the uranium source rocks
• Delays due to Native title and weather
14
Lake Gregory, SA
15
• Geophysical modelling has clearly identified a very large palaeochannel network including potential flow-link to the radiogenic Mt Painter complex.
• Carnotite mineralisation identified in outcrop in the northern cluster.
16
2012
PACE funding grant awarded by SA government
stratigraphic drilling (1000m) to determine if suitable host rocks are present
surface rock chip and RADON surveys
• EL’s cover a series of identified unconformity surfaces with associated high radiometric responses
• Prospective zone at Eva Valley associated with the Coomalie Dolostone/Whites Formation unconformityeg. Rum Jungle South (U)
Mt Fitch (U, Cu)Browns (Pb, Zn, Cu, Co, Ni)
• 2011 Radon survey on Eva Valley
17
Rum Jungle, NT
Eva Valley
19
• Prospective for roll-front uranium or shear-hosted copper
• Data interpretation and targeting
2012
Ground geochemistry
Drill follow-up
• Prospective for sandstone-hosted and surficial uranium deposits. • EM survey refined palaeochannel location
2012Aircore drilling to locate potential U mineralisationGround Geochemistry
20
Prospective for sediment-hosted uranium mineralisation in palaeochannels
Granites to 190 ppm U; surficial channel sediments to 38 ppm U in source region
2012Radon survey at Mt Walters
21
38.6 ppm UIn lake
15.4 ppm UIn lake
190 ppm U
In granite
Corporate Details
22
ASX Code: RGU, RGUO
As at 17 April 2012Share Price: 5 centsOption Price: 1 centTradeable Shares: 52,341,375Escrowed Shares: 15,263,905Tradeable Options: 54,859,770Unlisted Options: 11,469,179
Market Capitalisation: $3.38 million
Top 20 Shareholders 77.64%
Major Shareholders:Transcontinental Investments Pty Ltd 25.24%Bedford Investments Pty Ltd 8.96%New City Energy Limited 7.21%Tenalga Pty Ltd 6.71%NEFCO Nominees Pty Ltd 6.22%
Regalpoint in Brief
23
• Experienced team with successful track records• Tenements backed by the most significant scientific uranium study for
decades• Project has already made significant advances• Success at Paroo Range project• Generated targets at Rum Jungle and King Leopold• Pipeline of drill targets• Large tenement portfolio • Opportunity to diversify within portfolio
CORPORATE DIRECTORY
24
Directors:Shane Stone AC, PDGK, QCNick BurnSimon TrevisanRichard LockwoodRobert PettIan Murchison
Company Secretary:Fleur Hudson
Registered Office:Level 14, 191 St George’s TerracePerth WA 6000
Auditor:BDO Audit (WA) Pty Ltd38 Station StreetSubiaco WA 6008
Share Registry:Security Transfer Registrars Pty Ltd
Investigating Accountant:BDO Corporate Finance (WA) Pty Ltd38 Station StreetSubiaco WA 6008
Solicitors to the Company:Minter Ellison LawyersLevel 49, Central Park152 St George’s TerracePerth WA 6000
Independent Geologists:CSA Global Level 2, 3 Ord StreetWest Perth WA 6005
Lead Manager:Paterson Securities LimitedLevel 23, Exchange Plaza2 The Esplanade Perth WA 6000