Kidman Resources ASX:KDR - Investor presentation delivered at the 4th annual Resources Investment Symposium held in Broken Hill NSW Australia, 26-28 May 2014.
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Kidman Resources | ASX:KDR | RIS2014 Broken Hill Investor Presentation
1. Shane Mele Managing Director
ASX Code: KDR kidmanresources.com.au
FINDING THE NEXT GENERATION OF
HIGH GRADE MINERAL DEPOSITS
Broken Hill Conference - May 2014
2. 1
Disclaimer
Disclaimer: 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.
JORC 2012 Compliance: All information provided in this presentation has been formally released to the ASX in
compliance with JORC requirements. The most recent document released to the ASX provides details and hyperlinks
relevant to all information provided in this presentation and can be accessed on the Company Website at hyperlink:
ASX Announcements. The company confirms that it is not aware of any new information or data that materially affects
the information included in the original market announcement(s).
4. Kidman Summary
3
Our aim: to discover and develop high grade base-precious metal deposits in Australia
Melbourne based exploration company
Two Advanced Projects that deliver drill results
Home of Bullion, NT
Browns Reef, NSW
Pipeline of exciting targets within HOB & Browns
Reef corridors
Small exploration team = 70% money in ground
ASX Code KDR
Shares on Issue 114.98M
Top 20 Shareholders 43%
Market Cap @ 0.07c* $8.05M
Cash+ $3.6M
Average Daily Volume (6 months) ~220,000
Admin/Corp Costs (per quarter) ~$180k
+ as of 31st March 2014 * stock price at 21st May 2014
5. 4
Project Focus
Home of Bullion Deposit
(Cu-Pb-Zn-Ag-Au)
Browns Reef Deposit
(Zn-Pb-Cu-Ag-Au)
Hale River
Crowl Creek
Barrow Creek Project, NT
Home of Bullion – Flagship asset
Acquired May 2012 - 100% owned
VMS deposit (Cu-Pb-Zn-Ag-Au)
Multiple >4% copper intercepts
Open along strike and down-dip
Major infrastructure nearby
Browns Reef Project, NSW
Browns Reef Deposit
Acquired March 2014 - 100% owned
Cobar style (Zn-Pb-Cu-Ag-Au)
Large tonnage potential (>10Mt)
Under valued and under explored
Excellent infrastructure
6. Home of Bullion
Highlights so far…
Drilled 116 drillholes for 25,948m
Discovered blind massive sulphide zone (Southern Lode) using modern geophysics (FLEM)
Delivered multiple high grade copper intersections
Main Lode: 9.7m @ 3.4% Cu, 0.83% Pb, 2% Zn, 41g/t Ag, 0.5g/t Au (HDD044)
10.5m @ 3.78% Cu, 1.15% Pb, 1.99% Zn, 53.28g/t Ag, 0.59g/t Au (HDD044W4)
Southern Lode: 26m @ 4.6% Cu, 5.5% Pb, 1.84% Zn, 142.9g/t Ag (HRC035) Discovery hole
7.4m @ 1.5% Cu, 1.8% Pb, 1.95% Zn, 62g/t Ag (HDD043W2)
Main Lode drill tested to -600mbs & Southern Lode to -500mbs
On track to deliver a maiden JORC Resource in 2014
5
7. 6
Oblique View
Beneath surface and looking west
Southern Lode Main Lode
HDD043W3
4.5m @ 1.89% Cu, 0.17%
Pb, 0.4% Zn from 606m
-100m
-300m
-500m
Discovery Hole
HRC035
26m @ 4.61% Cu, 5.5% Pb,
1.84% Zn, 142.9g/t Ag
from 266m
HRC036
15m @ 5.9% Cu, 0.9%
Pb, 3.6% Zn, 37.3g/t Ag
from 57m
Drilling tested to 500m
below surface and remains
open in all directions
DHEM successfully defined
new targets (conductors)
Plan to deliver Maiden JORC
Resource in 2014
Further drilling required to
grow resource
HDD044
9.7m @ 3.43% Cu,0.82%
Pb, 2% Zn, 40.7g/t Ag
from 466.7m
HDD044W3
4.8m @ 7.54% Cu, 2.05% Pb,
3.39% Zn, 99.72g/t Ag, 1.17g/t Au
from 486.1m
Home of Bullion
8. 7
HDD044W3 – Massive Sulphides on Main Lode
4.8m @ 7.54% Cu, 2.05% Pb, 3.39% Zn, 99.72g/t Ag, 1.17g/t Au
10. NSW Projects
Cobar Superbasin – targeting high grade deposits
9
Cobar
Lake Cargelligo
Condobolin
Hosts World Class Base Metal Deposits
CSA 33Mt @ 4.2% Cu, 30g/t Ag
Peak 7.3Mt @ 4.2g/t Au, 1% Cu, 6.7g/t Ag
RIGHT ADDRESS
Strong ground holding - 2,800km2
Multiple targets: Browns Reef, Mt Boorithumble,
Wilga Grove, Anaconda, Jumble Plains, Belmore
Established Infrastructure
Supportive communities
Browns Reef trend
Browns Reef
Project
Crowl Creek Project
Browns Reef
Zn-Pb-Cu-Ag deposit
CSA
Peak
Mallee Bull
Nymagee
Mineral Hill
Mt Boorithumble
Wilga Grove
Anaconda
Blind Calf
Belmore
Jumble Plains
11. 10
Browns Reef Project
(Zn-Pb-Cu-Ag)
Acquired Browns Reef Deposit (100%)
and surrounding tenements (JV) - March 2014
Contains multiple base metal prospects
Mt Boorithumble
(single drill intercept of 3m @ 2% Pb, 2% Zn, 1.2%Cu, 115g/t Ag)
Achilles
Mt Tooronga Gossans
>80kms Browns Reef Trend
Potential exists for large tonnage deposits
Underexplored and mostly under shallow cover
Systematically explore the region
modern geophysical surveys
drilling
12. 11
Browns Reef Deposit – Potential to Grow
6kms continuous mineralisation
Limited drilling below 150m
3D Gravity Inversion model identifying
potential new target zones
Drilling starts in June
6kms
MCG
58m @ 1.96% Zn, 0.93% Pb,
0.4% Cu, 18.9g/t Ag (BR018)
including
6m @ 11.4% Zn, 4.82% Pb,
1.2% Cu, 71g/t Ag
15.8m @ 1.45% Zn, 1.2% Pb,
0.14% Cu, 8 g/t Ag (WS001)
5.3m @ 2.2% Zn, 1% Pb, 0.1% Cu,
13 g/t Ag from 184.5m (BS001)
41.3m @ 3.1% Zn, 1.5% Pb, 0.1% Cu,
8g/t Ag from 292m (BR002)
including 20m @ 4.85% Zn, 2.2% Pb,
0.2% Cu, 11.8 g/t Ag
13. 12
5.66% Pb, 7.8% Zn, 0.61% Cu, 85g/t Ag, & 0.05 Au g/t
10.8% Pb, 25.7 % Zn, 2.26% Cu,
5.11% Pb, 11.9% Zn, 1.57% Cu, 87g/t Ag, & 0.03 Au g/t
3.97% Pb, 9.6% Zn, 1.27% Cu, 61g/t Ag, & 0.09 Au g/t
2.86% Pb, 10.2% Zn, 1.35% Cu, 50g/t Ag, & 0.04 Au g/t
0.52% Pb, 2.98% Zn, 0.33% Cu, 11g/t Ag, & 0.06 Au g/t
BR018 – High Grade Zone
6m @ 11.36% Zn, 4.82% Pb, 1.23% Cu, 74.2g/t Ag
151g/t Ag, & 0.15 Au g/t
14. 13
Crowl Creek Project
Heli-VTEM max survey completed
Multiple conductors identified
Targets include;
Belmore & Jumble Plains
(potential Tritton-style copper
deposits associated with ultramafic
complex)
Wilga Grove
(potential Cobar-style with
coincident magnetic and gravity
high)
First-pass AC drilling – low cost
Wilga Grove
15. Project Pipeline
Scoping
Study
Feasibility
studies
Rate & Rank
Gateway
Rate & Rank
Gateway
Prospect D
Wilmatha
Anaconda
Blind Calf
Bogong
South Yethera
China Workings
Long Panel
Pooraka
Walker’s Hill
Mooney’s
Pygmy Hill
Hale River
Knobby Hill
Browns Reef
Mulbangas
Wilga Grove
Jumble Plains
Donkey Creek
Browns Reef
Home of Bullion
Belmore
Mt Boorithumble
Achilles
Billys
16. 15
Investment Highlights
Acquired 2 Quality Projects with excellent growth potential – 100% owned
Home of Bullion – high-grade copper in Emerging Arunta Province, NT
Browns Reef – Cobar Basin NSW Proven World Class Mineral Province
Potential to deliver JORC resource on 2 projects THIS YEAR!”
Pipeline of equally exciting targets within HOB & Browns Reef corridors
Cash in bank to advance projects - $3.6M
Investor exposure to base metals
Money spent drilling!
17. 16
Thank-you
Thank-you
Contact Details:
Kidman Resources Limited
Level 4 Suite 3
100-120 Flinders Lane
Melbourne
Victoria 3000
Australia
Tel: +61 (0)3 9671 3801
Email:
info@kidmanresources.com.au
Website:
www.kidmanresources.com.au
20. 19
Competent Person 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 has sufficient experience with the style of mineralisation, types of deposits under consideration, and to the activities
undertaken, to qualify as a competent person as defined in the 2012 Edition of the "Australian Code for the Reporting of
Exploration Results, Mineral Resources and Ore Reserves. Mr Mele consents to the inclusion in the report of the matters based
on his information in the form and context in which it appears.
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 collected 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).