investor presentation august 2013 for personal use only · investor presentation ... share options...
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Investor Presentation – August 2013
Shane Mele Managing Director
ASX Code: KDR kidmanresources.com.au
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Kidman Focus
Barrow Creek Project, NT; Home of Bullion – Main focus
100% owned – aquired in May 2012
Poly-metallic massive sulphide deposit (Cu, Pb, Zn, Ag, Au)
Multiple high grade intercepts >4% copper
19 results pending
Open at depth with DHEM guiding upcoming drilling
Prospect D – Ni/Cu deposit with untested DHEM targets
Crowl Creek Project, NSW
Strong holding in highly productive Cobar Belt
Targeting poly-metallic deposits (Cu, Au, Ag, Pb, Zn)
Wilmatha Prospect (Cu-Au-Ag)
potential porphyry copper system
2 untested IP targets ready for RC drilling
“Melbourne based exploration company with high grade Home of Bullion copper project in NT and strategically positioned tenements in NSW”
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Directors & Key Management
Garrick Higgins (Chairman, Non-Executive Director)
Shane Mele (Managing Director)
Andrew McIlwain (Non-Executive Director)
Justin Mouchacca/Melanie Leydin (Company Secretaries)
ASX Code KDR
Shares on Issue 84.4M
Share Options (Nov 13 KDRO) 25.6M
Top 20 Shareholders 37%
Market Cap @ *0.265c $22.7M
Cash (end Jun 2012) $1.9M
Corporate Snapshot
KDR: 6 Month Price Chart (end 9th Aug)
*share price at market close 9/8/2013
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Home of Bullion – 1st Year Achievements
Completed 100 drillholes for 16,000m
Delivered multiple high grade copper intersections
Best intercepts include;
Main Lode: 5.9m @ 3.4% Cu, 1.3% Pb, 5.3% Zn, 50.7g/t Ag, 0.4 g/t Au (open)
5m @ 6.5% Cu, 0.6% Pb, 2.75% Zn, 53g/t Ag, 0.6g/t Au
Southern Lode: 26m @ 4.6% Cu, 5.5% Pb, 1.84% Zn, 142.9g/t Ag (open at depth)
15m @ 5.9% Cu, 0.9% Pb, 3.6% Zn, 37.3g/t Ag
Main Lode tested to -310mbs & Southern Lode tested to -220mbs (intercepts in bold above)
Discovered new “blind” massive sulphide zone using modern geophysical methods
Completed detailed geophysics surveys including; aeromagnetics, gravity, & electromagnetics
Focussed structural mapping program – conceptual ore deposit model refined
Preliminary metallurgical test-work
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Current RC drill program <3km from HOB
20 RC drillholes for 3000m
targets tested;
Southern Lode, Main Lode
West, Anvil, Tin Can
Camp, & Redback
Assays pending for 19 drillholes
DHEM to commence shortly
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Latest Intercept - 26m @ 4.6% Copper
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Southern Lode Sections
Longsection (looking southwest)
Assays pending for further 9 drillholes
DHEM to commence on recent drillholes
Cross-section (looking northwest)
HRC035 extended due to strong DHEM target
Steeper dip (70 degrees) than Main Lode
Open at depth
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Upcoming Drill Program
Phase 1
Main & Southern Lodes to -600m below surface
12 drillholes for 5000m
Parent drillhole with 5 wedges
DHEM to guide drilling towards copper rich zones
Phase 2
Resource program (nominal 50x50m)
20 drillholes for 5000m
All wedges off parent drillhole – time/cost effective
Ongoing DHEM guide drilling towards copper rich zones
Commencing September
Resource Target: >5Mt
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Oblique View – Upcoming Drill Program
DHEM plates
Phase 1: 12 DDHs
Phase 2: 20 DDHs
Southern Lode Main Lode
HDD034 (deepest intercept)
5.9m @ 3.4% Cu, 1.6% Pb,
6% Zn, 54.5g/t Ag
HRC035 (deepest intercept)
26m @ 4.6% Cu, 5.5% Pb,
1.84% Zn, 142.9g/t Ag
surface surface
-250 mbs
-500 mbs
-250 mbs
North
Proposed Drill Program
Drill Intercepts
>0.5% Cu
> 2 % Cu
> 1 % Cu
> 4 % Cu -600 mbs
-220 mbs
-330 mbs
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Massive sulphides in drillcore
HDD034 (Main Lode)
5.9m @ 3.4% Cu, 1.6% Pb, 6% Zn, 54.5g/t Ag
Sulphides contain chalcopyrite, pyrite,
pyrrhotite, galena & sphalerite, also magnetite
DHEM conductor open at depth
HDD037 (Southern Lode)
5.7m @ 2.2% Cu, 0.3% Pb, 3.9% Zn, 14.8g/t Ag
DHEM conductor open at depth
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Structural Mapping
HOB in hinge centre of 2km wide antiform
High-strain zone of isoclinal fold
Shear/amphibolite intersection controlling
ore deposits?
Mineralisation plunges NE
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Ore Deposit Model – VMS/Cobar style??
Main Lode
Southern Lode Anvil
Red Back
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NSW Projects
Cobar Belt - Proven history
Multiple poly-metallic deposits
Long minelife 30+ years
>100Mt production
close to Gilmore Suture
Kidman Tenements
Strong foothold in belt
Multiple untested targets
Wilmatha (2 new IP targets)
Anaconda (DHEM target)
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NSW Focus
Wilmatha Prospect Cu-Au (Ag, Pb, Zn) Epithermal/Porphyry target
Blind Calf Prospect Cu-Au (Ag, Pb, Zn) Cobar style target
Anaconda Prospect Cu-Au (Ag, Pb, Zn) Cobar style target
Mineral Hill Mine In production 2011
Gilmore suture
10 kms
Kidman Tenements
“Significant copper” intercepts Strong IP target
“Significant copper” intercepts DHEM target untested
Multiple “high grade copper” intercepts
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Wilmatha Planview - strong IP targets
IP Survey identified 2 “blind” chargeable zones
Proposed 2 Phase Drill Program
1. Shallow Eastern (120m below surface)
3 RC drillholes for 600m
2. Deeper Central (>300m below surface)
6 drillholes for 1600m
Wilmatha Granite
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Wilmatha -3D Model of chargeable zones
“Highly chargeable zones”
shallow target to test first
deeper targets
-200mbs
-600mbs
-400mbs
KC045 3m @ 1.45% Cu
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Exploration Outlook
1. More assay results to come – 19 drillholes pending from current RC program
First result; 26m @ 4.6% Cu, 5.5% Pb, 1.84% Zn, 142.9g/t Ag (open at depth)
2. HOB Deeps Diamond Drill Program
Main Lode & Southern Lode to -600mbs
32 drillholes for 10,000m
Commence in September
Resource Target >5Mt
3. Confirm Wilmatha IP target
3 RC drillholes to confirm shallow and strong IP target
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Summary
100% project ownership
High grade zones open at depth (tenor of grade increasing?)
Experienced & focussed exploration team – money spent in ground
Active work programs with strong news flow
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Preparation This Information Presentation has been prepared by Kidman Resources Ltd (ACN 143 526 095) (“Kidman Resources” or “Company”) to provide prospective investors in the Company with general information to assist them in deciding whether they wish to undertake their own investigation or consider a possible investment in the Company. This Information Presentation is based on information and material collated, prepared by and supplied to the Company and from publicly available information. The Company has not independently verified the reliability, completeness or accuracy of certain of the information and materials contained in this Information Presentation and does not represent that such information and materials are reliable, complete or accurate. This Information Presentation is not a prospectus and does not constitute an offer or invitation or recommendation to any person and has been prepared solely for use by persons who are deemed to be “sophisticated investors” as described in the Corporations Act. Projections and Assumptions The projections and assumptions in this Information Presentation are indicative only and are not and should not be relied upon as representations as to future matters. The projections are based on assumptions that may or may not prove to be correct. The recipient must make its own independent assessment and investigation of those projections and assumptions. Disclaimer The Company and its respective shareholders, directors, partners, employees, officers, agents, consultants or advisors disclaim (to the maximum extent permitted by law) all duties and liabilities, including liability for negligence, for any loss or damage which is suffered or incurred by any person acting on any information provided or omitted to be provided by any of them in connection with an investment in the Company or any statements, opinions or matters (expressed or implied) arising out of, or contained in, or derived from, such information.
Disclaimer
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Competent Persons Statement
The information in this release that relates to exploration results and geological interpretation has been compiled by Mr Shane Mele BSc, (Hons) M.Econ.Geol., MAusIMM. Mr Mele is a Member of the Australian Institute of Mining and Metallurgy and he has sufficient experience with the style of mineralisation and types of deposits under consideration, and to the activities undertaken, to qualify as a competent person as defined in the 2004 Edition of the "Australian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code) for reporting the exploration results. Mr Mele consents to the inclusion in this report of the contained technical information in the form and context in which it appear.
Information regarding drilling/assaying data 1. Drilling was completed using a RC face sampling hammer or HQ/NQ diamond core. 2. Sample recoveries were considered adequate for all samples. 3. Drillcore has been, or is still to be, logged in detail based on lithology, mineralisation, and alteration. 4. Samples for analysis were collected by cone splitter sampling, hand spearing or by sawing core in half. 5. Samples were submitted as 4m composite chip samples, 1m chip samples or 1m half-core intervals unless a geological contact was used. 6. Samples were analysed at ALS Chemex utilising methods: Au‐AA26 for Au (fire assay); ME‐ICP41 for multi-element including Ag, Cu, Pb, Zn; Ag-OG46 for >100 g/t Ag; Cu-OG46 for >1% Cu; Pb-OG46 for >1% Pb; and Zn-OG46 for >1% Zn. 7. Drillhole collars were surveyed by handheld GPS and will be surveyed in using a DGPS 8. Downhole surveys were conducted using a single-shot reflex camera. *Copper Equivalent Calculation Explanation: The copper equivalent (CuEq) calculation represents the total metal value for each metal, multiplied by the conversion factor, summed and expressed in equivalent copper percentage. These results are exploration results only and no allowance is made for recovery losses that may occur should mining eventually result, nor metallurgical flowsheet considerations. The copper equivalent calculation is intended as an indicative value only. Copper equivalent conversion factors and long‐term price assumptions used follow: Copper Equivalent Formula (CuEq) = Cu% + Ag(ppm)x0.012 + Au(ppm)x0.625+ Pb%/Cu+Zn%/Cu; Price Assumptions‐ Cu (US$7,500/t), Ag (US$30/oz), Au (US$1,500/oz), Pb (US$1,900/t), Zn(US$1,900/t).
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