RED ROCK RESOURCES Plc - Investor Presentation London Stock Exchange AIM Listed: RRR
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RED ROCK RESOURCES Plc
Investor Presentation
London Stock Exchange
AIM Listed: RRR
www.rrrplc.com Investor Presentation
RESOURCE
DRIVEN GROWTH
DELIVERING RESULTS
www.rrrplc.com Investor Presentation 2
Natural Resource Developer
Revenue Foundations
Investment Upside
• Manganese Production
• Colombian Gold Royalty £1.2m Revenue • Gold JORC Resource - Kenya
• Significant Cash Inflows • DRC Copper / Cobalt
• Multiple Liquid Investments £78k Profit • Gold Exploration - Ivory Coast
£3.6m MC • Oil Exploration - Benin
Project Upside
PRIMED FOR PERFORMANCE
www.rrrplc.com Investor Presentation 3
Ivory Coast Migori Gold
Four Points Benin / Cameroon Kenya
Colombia
Copper/Cobalt/Gold
DRC
African Battery Metals
Jupiter Mines
South Africa
DIVERSE ASSET PORTFOLIO
www.rrrplc.com Investor Presentation 4
Operations Update
Jupiter Mines Colombia Disposal
24% HY Dividend Yield
Royalty - $3M total Value
$0.025 per share due May ’19
Est ~$10k/qtr + rising to $100k/qtr
RRR to receive ~£252k
Shares in Para Resources (TSX:PBR)
£3.3m Received since 2017
Para 1.4% stake worth £262k
JMS Stake Value to RRR ~£3.24m
African Battery Metals Kenya Gold Project DRC – Copper/Cobalt
3 JV Tenements Secured with VUP JV
Acquired 6.89% Stake – Recapitalized 100% Economic Interest
3 Additional Congo Galaxy Tenements
Focus on Key Battery Metals JV Negotiations Underway
Initial Exploration undertaken
RRR w/ Multiple Overlapping Interests Pending Licence Renewal
First phase of work at Musonoi Completed
Pure Upside Potential
RRR seeking JORC Resource from Historical Data
SIGNIFICANT UNDERVALUATION
www.rrrplc.com Investor Presentation 5
Jupiter RRR: 0.95%
Mines
Manganese Producer – South Africa
Iron Ore Assets – Western Australia
www.rrrplc.com Investor Presentation 6
Jupiter Mines (ASX:JMS)
JMS Stake in Tshipi Mine
o Leading Global Manganese Producer – 3rd Largest
o Relisted on ASX April 2018 – A$623m market cap
49.9% Ntsimibintle Mining 37.1%
OM Holdings 13%
o One of Largest and Shallowest Resources Worldwide
o 163MT @ 37.1% Mm + Top Cut of 145MT @ 31.58%
o Experienced Management Team
o Simple Drill/Blast + Load/Haul Mining
o 8km Private Rail Siding Loop (5mtpa) – Exports from 4 Ports
Capacity of 3.6Mtpa Production
Producing: 60 Years Life of Mine – 418Mt Resource
over 3Mtpa Reliable On Site Power Generation
Located in Kalahari Basin – South Africa
JMS Alone Supports RRR Market Cap
Well Established Offtake Channels
www.rrrplc.com Investor Presentation 7
RRR Jupiter Investment
18.5M £3.24M 0.95%
Shares Valuation Stake
A$852k to RRR 2017 Focus on production optimization
A$3.36m to RRR in 2018 24% FY2019 dividend yield
(IPO + distributions)
A$300m paid out in 3 years
A$463k due in May 2019
Exceeded 70% payout policy
www.rrrplc.com Investor Presentation 8
Jupiter Mines Results
LTM Nov18 3.55MT US$756m US$399m US$216m
FY2018 3.34MT US$561m US$237m US$116m
Production Revenues EBITDA Cash
BLUE CHIP MINING ASSET
www.rrrplc.com Investor Presentation 9
DRC
COPPER/COBALT JV RRR: 50.1%
Exploration Upside
www.rrrplc.com Investor Presentation 10Democratic Republic of Congo
o Underexploited and mineral rich
66%+ of
o Estimated $24 trillion of untapped World’s Cobalt
cobalt/copper/diamonds/gold Mined in DRC
o Major supplier of the world’s cobalt needs
o Prolific and historic copper producer
Copper Cobalt
o Demand expected to exceed 30,000
o Significant gap between supply and 220,000
supply after 2019 demand projected after 2020
26,000 180,000
‘000 tonnes
o Uses: o Constrained supply – single
tonnes
22,000 traditional source
o Construction o Uses:
140,000
18,000
o Electronics • Batteries
14,000 100,000
o Cables and wires • Aircraft engines
10,000
o Coins • Corrosion/wear resistant 60,000
2014
2015
2016
2017e
2018e
2019e
2020e
2021e
2022e
2023e
2024e
2025e
2017
2018e
2019e
2020e
2021e
2022e
2023e
2024e
2025e
alloys
• Jewelry
Supply Demand Supply Demand
www.rrrplc.com Investor Presentation 11RRR License Locations
PRIME CENTRAL AFRICAN COPPER BELT TERRITORY
www.rrrplc.com Investor Presentation 12Copper-Cobalt JV
o Tenements in Katanga Segment of the Central African Copperbelt
o Sizeable in-situ mineral values 50.1%
o Major mining companies surround RRR holdings
o All three assets are mining/production licenses
o Enables fast-track to production and cash flows RRR Share in JV
Bring Minerals SAU 24.9%
o Access to some of the best Cu/Co tenements in the world Vumilia Pendeza SA 25%
Kumukongo License – PE663
5.3km² located 20km SE of Kolwezi
Lies at Western end of Kansuki structural trend
Evidence of artisanal mining across the property Musonoi License – PE4962
Further historical data being sought 1.7km² located 3 km W of Kolwezi
Several significant neighbors Lies in Kolwezi Klippe – most prolific cooper/cobalt district in DRC
Established mining area with good infrastructure
7 major cobalt/copper deposits adjacent / within 5 km
Surrounded by Majors – Glencore/Gecamines/Chinese Groups
Target potential of 400,000 tons of Cu and 25,000t of Co
Regional grades range from 3-5% Cu and 0.5-1% Co
Kasombo South License – PE2360 Musonoi “Super Deposit” forms part of license
2km²² located 5km W of Lubumbashi
Lies at the eastern part of the Kasonta anticline
Anticline hosts well known copper/cobalt deposits
Nearby FE Limited (ASX Explorer) reported 25m @ 3.5% Cu
Less historical activity relative to other licenses
TREMENDOUS OPPORTUNITIES
www.rrrplc.com Investor Presentation 13Majors Surround Musonoi
CENTRALY LOCATED – HUGE UPSIDE
www.rrrplc.com Investor Presentation 14Musonoi Historic Drilling 2.5% Cu cutoff, oxides only, above water table www.rrrplc.com Investor Presentation 15
Musonoi Mineralised body www.rrrplc.com Investor Presentation 16
Remaining Mineralisation - Musonoi www.rrrplc.com Investor Presentation 17
Migori Gold
Project RRR: 100%
Gold Exploration - Kenya
www.rrrplc.com Investor Presentation 18Migori Gold Project
o 100% Economic Interest JORC Resource:
o Located in Kenyan Greenstone Belt 1.2Moz
o JORC Gold Resource of 1.2Moz @ 1.3g/t Avg Grade:
1.3 g/t
o Court Case with Kenyan Ministry of Mining Resolved
o Licence Restoration Expected Nearterm
o Potential Partnership / JV Opportunities Developing
Prospect JORC Classification Mt g/t Au Moz
KKM Indicated & Inferred 17.8 1.01 0.58
KKM-West Indicated & Inferred 4.02 1.04 0.14
Nyanza Indicated & Inferred 2.3 2.73 0.20
Gori Maria Indicated & Inferred 3.8 1.16 0.14
MK Indicated & Inferred 1.4 3.07 0.13
Total 29.4 1.26 1.2
PURE UPSIDE POTENTIAL
www.rrrplc.com Investor Presentation 19Four Points RRR: Ongoing
Mining Disposal
Gold Interests – Colombia + USA
www.rrrplc.com Investor Presentation 20Four Points Mining
o High Grade Gold mine and Mill at El Limon, Colombia
o 3% net smelter royalty over $1m Avg Grade:
o 0.5% royalty over $2m 8 g/t
o Ore Sourced from Mine + Regional Suppliers Mining Costs:
o Completed $7m Upgrade Program – Mill to 225tpd+ ~$156/t
o Increasing royalty payments expected in 2019-20
o Operated by Para Resources (CVE:PBR)
o RRR with 1.41% stake in Para worth ~£262k
o Para operating second mine at Gold Road, Arizona, USA
Royalty Estimates to RRR
2018: $45,000
2019: $150,000
2020: $500,000 INVESTMENT PAYING OUT
www.rrrplc.com Investor Presentation 21Other Projects / Investments
RRR:80% RRR:100% RRR:6.89% RRR:5.11% RRR:1.41% RRR:2.6%
Exploration Exploration Exploration Oil & Gas Mining
African Battery
Exploration
DRC Ivory Coast Elephant Oil Para Resources
Metals Amulet Diamond
(TSX: PBR) Corporation
(AIM: ABM)
Gold/Copper/Cobalt Gold Various Oil Gold
Diamonds
Early Stage Gold Focus on Metals Key to Onshore Exploration – Multiple Producing Gold
Multiple licenses covering
Exploration Battery Technologies Benin Assets Option to Acquire 100% of
Cu/Co and Gold
prospective areas Underexplored with Huge DRC/Cameroon/Ivory Underexplored West Burgeoning Gold Producer Kimberlite Operation –
Potential Coast African Transform Margin RRR with Royalty + Equity Botswana
80% Interest
Birmian Greenstone Belt Recapitalized and Activity Planned for 2019 Stake Plant in Place – 100tph
Early Stage
Moving Forward
SIGNIFICANT UPSIDE POTENTIAL
www.rrrplc.com Investor Presentation 22Key Takeaways Multiple Sources of Cashflow Deep Portfoliolio w/ Exploration Upside MC of £3.6m w/ Listed Assets of £3.6m www.rrrplc.com Investor Presentation 23
Contact Details
Positioned For
Outperformance
Exploration@rrrplc.com
www.rrrplc.com
www.rrrplc.com Investor Presentation 24DISCLAIMER
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 authorized 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.
www.rrrplc.com Investor Presentation 25You can also read
