Ivory Coast Gold Projects

Ivory Coast Gold Projects December 2014 Disclaimer These presentation slides (the “Slides”) do not constitute an offer to the public or an offer for...
Author: Molly Parrish
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Ivory Coast Gold Projects December 2014

Disclaimer These presentation slides (the “Slides”) do not constitute an offer to the public or an offer for sale or solicitation to purchase or subscribe for any securities of the Company and they should not be relied on in connection with a decision to purchase or subscribe for any such securities. The Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or buy securities in the Company. If any person is in doubt as to the contents of this presentation, or wishes to obtain advice as to the investment merits of the Company’s securities, he should seek independent advice from a person who is an authorised financial services provider. No reliance may be placed for any purpose whatsoever on the information contained in the Slides and the accompanying verbal presentation or the completeness or accuracy of such information. The information contained in these Slides and the accompanying verbal presentation is in the public domain, however no representation or warranty, express or implied, is given by or on behalf of the Company, its shareholders, directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in the Slides and the accompanying verbal presentation, and no liability is accepted for any such information or opinions (including in the case of negligence, but excluding any liability for fraud). The Slides are not for distribution in, nor do they constitute an offer of securities for sale in, any jurisdiction where such distribution or offer is unlawful. The distribution of the Slides in some jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about and observe any such restrictions. Statements made in the Slides and accompanying verbal presentation may include forward-looking statements that necessarily involve risks and uncertainties. Forward-looking statements may generally be identified by the use of terminology such as “may”, “will”, ”expect”, ”intend”, “plan”, “estimate”, “anticipate”, “believe”, or similar phrases. Other than statements of historical facts, all statements, including, among others, statements regarding the future financial position of the Company, business strategy, projected levels of growth in its market, projected costs, estimates of capital expenditures and plans and objectives of management for future operation, are forward-looking statements. The actual future performance of the company could differ materially from these forward-looking statements. Important factors that could cause actual results to differ materially from these expectations including known and unknown risks. Undue reliance should not be placed on these forward-looking statements.

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Red Rock Resources plc Red Rock Resources plc (Red Rock) is an exploration and mineral

investment company listed on the AIM Market of the London Stock Exchange with interests in gold, iron ore and other commodities. Red Rock has projects in Ivory Coast, Kenya, Colombia & Greenland as well as diversified exploration and mining interests elsewhere through associated companies.

Diversified exploration and investments

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Why Gold? o

Increasing demand from the growing middle classes of China, India & other rapidly developing nations

o

Ongoing currency instability concerns in Europe & USA

o

Many gold producers operating with thin margins at recent gold prices

o

Future production expected to fall short of future demand

o

Average grade of new discoveries decreasing

Above: Sample containing visible gold collected from artisanal workings immediately south of Red Rock’s Dabakala licence area

Major strategic opportunity for investment in gold

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Why Ivory Coast? o o

o

o

Underexplored country with exceptional mineral potential Contains more than a third of the Birimian Greenstone Belt, host to numerous multi-million ounce gold deposits Possesses some of West Africa’s best infrastructure and low-cost energy

What others are saying: – –

– –

“Ivory Coast is heading towards a mini mining boom” – BBC News 31/01/2014 “I think it can very easily overtake Ghana without much effort” – Mark Bristow, Randgold CEO “The country is seen as the new frontier for gold” – The Guardian 10/02/2014 “The country is embarking on a program of public and private investment and infrastructure, agriculture and mineral resources” – Forbes 11/11/2013

90 Million years ago (Late Cretaceous)

DABAKALA

IVORY COAST ABENGOUROU

ALEPE

Above: Ivory Coast topographic image with granted licence locations

Contains more than a third of the Birimian Greenstone Belt, host to numerous multi-million ounce gold deposits, yet relatively underexplored

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Birimian & Regional Gold Deposits Ivory Coast (23.8Moz) o o o o o o o o

Tongon 5.8Moz (Randgold Resources) Yaoure 5.5Moz (Amara Mining) Ity 4.0Moz (La Mancha Resources) Konkera 3.1Moz (Centamin) Bonikro 2.4Moz (Newcrest Mining) Agbaou 0.9Moz (Endeavour) Afema 1.1Moz (Taurus Gold) Sissingue 1.0Moz (Perseus)

Burkina Faso (25.3Moz) o o o o o o

Inata 6.5Moz (Avocet) Mana 6.0Moz (Semafo) Bombore 5.2Moz (Orezone) Essakan 5.0Moz (IAMGOLD) Poura 1.5Moz (Newmont Mining Corp) Banfora 1.1Moz (Gryphon Minerals)

Guinea (12.6Moz) o o

Lero-Karta 7.6Moz (Nordgold) Siguiri 5.0Moz (Anglogold Ashanti)

Ghana (119.3Moz) o o o o o o o o o o o o o o

Obuasi 32.0Moz (Anglogold Ashanti) Ahafo 17.0Moz (Newmont Mining Corp) Tarkwa 15.1Moz (Goldfields) Bogosu-Prestea 9.2Moz (Golden Star Resources) Teberebie 9.2Moz (Anglogold Ashanti) Damang 7.6Moz (Goldfields) Akyem 7.2Moz (Newmont Mining Corp) Iduapriem 6.6Moz (Anglogold Ashanti) Chirano 4.5Moz (Kinross/Red Back Mining) Obotan 4.5Moz (Asanko Gold) Bibiani 2.7Moz (Noble Mineral Resources) Konongo 1.5Moz (Signature Metals) Julie 1.1Moz (Azumah Resources) Kunche-Bekpong 1.1Moz (Azumah Resources)

Mali (15.4Moz) o o o o

Morila 6.5Moz (Randgold / Anglogold) Syama 6.5Moz (Resolute) Kalana 1.2Moz (Anel Gold Mining) Komana 1.2Moz (Glencar Mining)

Ivory Coast is an underexplored portion of a prolific gold belt

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Licences 7

Licences Granted in Ivory Coast o

Dabakala

o

Abengourou

o

Alepe

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Dabakala – Gold & Manganese o

393.4km2 in north-east Ivory Coast, held by Barclay Resources sarl, 100% RRR owned

o

Along trend of Semafo’s 6.0Moz Mana Gold Mine in Burkina Faso

o

Thick, highly deformed greenstones wrapped around intrusive bodies with thrusted terranes - Tongon Gold Deposit (5.8Moz) thrust model analogy

o

Preliminary soil geochem sampling programme completed (1,200 samples, 2kmx100m spacing), ~650 composite sample assay results pending

o

17km Banded Manganese Formation (BMF) ridge potential DSO target

o

Immediate vicinity targeted by Newcrest, Randgold & Resolute Right: Dabakala licence & soil geochemical sample Mining locations over geology

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Abengourou – Gold o

399.6km2 in eastern Ivory Coast, held by Nemex Resources sarl, 100% RRR owned

o

35km NNE trending sheared corridor

o

Extensive artisanal workings, area targeted by Resolute Mining, Randgold holds licences 20km to the north

o

Regional geophysics suggest unmapped intrusives and regional structures excellent gold trap potential

o

Regional and infill soil geochem programmes completed

o

5 Au soil anomalies identified, values up to 525ppb Au

o

Licence area extension under application to acquire additional 20km along-strike of “Anomaly 5”

Right: Abengourou licence with soil geochemical anomalies and area targeted for licence extension

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Alepe – Gold o 392.6km2 in south-east Ivory Coast, held by Barclay Resources sarl, 100% RRR owned o Along-strike of Newmont’s 17Moz Ahafo gold mine, NE-SW structural & geological trend o Highly deformed volcanics and sediments wrapped around granitic intrusion o Preliminary soil geochem sampling programme Dec 2014 Above: Alepe licence & soil geochemical sample locations over geology with (mineable) national forest areas indicated

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Licence applications – Gold o Other licence applications in Birimian greenstones in central and eastern Ivory Coast pending o All ground selected by experienced gold exploration team with input from knowledgeable locals

o Ground selection criteria: o proximal or along-strike of known gold deposits o known local mineral occurrences and/or artisanal mining activity o local greenstone geology highly prospective for gold mineralisation o regional and local structural characteristics favourable for gold mineralisation o land access favourable o well developed local infrastructure o Licence grants expected during 2015

Additional licence grants expected during 2015

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Project Development 13

Strategy- Phased Work Programme Efficiently increase project value with systematic exploration methods

Simultaneous work strategies as project matures

Stage 1 Conceptual Study

Stage 2 Grassroots Exploration

Desktop study

Stage 3 Anomaly Testing

Stage 4 Ore definition

Geochemical sampling (stream, soil)

Sampling (soil grid)

Geological traversing & regional mapping

Geological mappingTest Drilling Structural mapping Trenching

Remote sensing Geophysics

Geophysics

JORC Mineral Resource. Declare Commercial Discovery

Geophysics

Stage 1 completed, Stage 2 underway across 3 granted licences o Stage 1 work completed o Regional research, data compilation, remote sensing analysis, prospect analysis o Stage 2 work underway o Grassroots exploration: regional & local soil & stream sampling, traverse mapping, progressing to Stage 3 Anomaly Testing

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Contact Details Investment or Project Enquiries: Andrew Bell Chairman and CEO Email: [email protected]

Qualified Person Gary Hurst Head of Geology Email: [email protected]

Marketing or CSR Enquiries: Eithar Hassan Marketing and Communications Executive Email: [email protected]

Registered Office:

Business and Postal Address:

55 Gower Street London WC1E 6HQ UK Incorporated in England and Wales Co. No. 5227458

Ivybridge House 1 Adam Street London WC2N 6LE UK

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