20200429 rml conference call presentation · symposium conference presentation” 24 october 2019,...

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CONFERENCE CALL

ASX Announcement 27th April 2020INITIAL ASSAYS HOLE 1 - 64NORTH PROJECT, ALASKA

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64NORTH – TENEMENTS & PROSPECTS/BLOCKSLarge land position surrounding Pogo Gold Mine

• 1,174 State mining claims

• 660 km2

Pogo Gold MineNorthern Star ASX:NST

• 10 M oz gold endowment with exploration upside at the Pogo Gold Mine, with 4 new discoveries announced by ASX:NST

• Total mine life production to date 4m oz Au @ 13.6g/t Au and still operating.

• 300,000 oz Au /yr historic average

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POGO-STYLE VEINS - DRILL HOLE 20AU001

Hole ID 20AU001 (hole 1) boxes 59 and 60 whole core; depth 126.42m to 130.37m quartz veining in paragneiss. The red inset box is enlarged in next slide with a close up photograph of cut ½ drill core.

Typical Pogo-style• ~ 3% pyrite,

arsenopyrite, pyrrhotite

• Au-As-Bi-Te• Dolomite-sericite

alteration halo• Para-gneiss host

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POGO-STYLE VEINS - DRILL HOLE 20AU001

Hole ID 20AU001; cut ½ drill core 127.16m to 127.3m quartz veins, arsenopyrite, pyrite(s) in paragneiss. Grade 0.19g/t Au, >10,000ppm As, 9.4ppm Bi, 1.13ppm Te.





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DRILL HOLE 20AU001 Strip Log: Pogo-style evident





Strong Au-As-Bi-Tecorrelation, multiple zones

127.16m Hole: 20AU001

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DRILL HOLE 20AU001 Strip Log: Pogo-style evident (119-139m)





Strong Au-As-Bi-Tecorrelation 119-139m

127.16m Hole: 20AU001

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POGO STYLE – MINE MINERALISATION MODEL

Elevated gold/arsenic/bismuth anomaly Gold-bearing quartz veins Serpentinite, amphiboliteGraphitic schist

Low Angle Veins (Liese 1-3, East Deep) • These veins contain the bulk of the ore at Pogo• 2-20 m thick• Hosted in regional shear zone – compression with later extension for

more dilation• Shearing exploits mafic and graphitic rocks within gneiss

High Angle Veins (North Zone, X-Vein)• Previously not important sources of ore• 1-5 m thick N-S/NE-SW oriented escape structures for plutonic fluids• Thought to be feeder structures

Other characteristics of Pogo• Free milling gold • Low sulfide quartz veins

~ 3% pyrite, arsenopyrite, pyrrhotite, As-Bi-Te• Dolomite-sericite alteration halo• Magmatic fluid source

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64NORTH – WEST POGO BLOCK: AURORA PROSPECT

The Right Ingredients þ Right Geology – Granitic Intrusions, age

80-102 Ma, main mineralizing engine room present throughout Tintina Gold Province

þ Brown fields – next to Pogo Gold Mine þ Same rocks as Pogo Mineþ Large structures – potential fluid pathwaysþ Highly anomalous surface geochemistry –

soils, streams and rock chipsþ Evidence of vertical feeder systems typical

of Pogo-style mineralisation in historic drilling (western end of valley), mapping and geochem samples

þ Geophysics – strongly demagnetised zone mirror of Goodpaster & Pogo

þ Geophysics – CSAMT survey, indicate same conductors on RML ground

þ Access Road constructedþ Water well drilledþ Drilling permits issued

Completed drill target locations (green dots), incomplete hole (blue dot) and planned further drill holes (orange dots)

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Line 6 CSAMT Survey and Cross Section with drill tracesHole1: 20AU001The hole was designed test multiple structural targets and magnetic features not shown on the CSAMT section as well as the margin of the more conductive rock unit. Due to logistics it was drilled first while access to the next planned hole to the north was established. From surface the hole drilled through 5m of overburden and intersected predominantly biotite-quartz-feldspar paragneiss through to the end of hole. Logging indicates multiple zones of quartz veining with various orientations, thickness and vein density, as well as barren zones. The paragneiss is interpreted to be the same host rock as the Northern Star Pogo Gold Mine.

Assays and visual logging of drill core confirms a Pogo-style mineral system is present at Resolution’s Aurora Prospect area. Strong sericite and dolomite alteration are present in the biotite-quartz-feldspar paragneiss and are associated with sulphide-bearing quartz veins including arsenopyrite, pyrite, bismuthinite and pyrrhotite. Assays with high levels of arsenic (As), bismuth (Bi) and elevated tellurium (Te) support the geological logging and correlation between Au-As-Bi-Te is demonstrated on the strip log and is typical of a Pogo-style mineral system.

Next drill hole planned for summer 2020 and completed HoleID:20AU001 (March 2020) and assays released 27 April 2020. Left axis is RL (elevation) in meters.

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64NORTH – WEST POGO BLOCK: AURORA & ECHO TARGETS

The Right Ingredients

þ Right Geology – Granitic Intrusions, age 80-102 Ma, main mineralizing engine room present throughout Tintina Gold Province

þ Brown fields – next to Pogo Gold Mine þ Same rocks as Pogo Mineþ Large structures – potential fluid

pathwaysþ Highly anomalous surface geochemistry

– soils, streams and rock chipsþ Evidence of vertical feeder systems

typical of Pogo-style mineralisation in historic drilling (western end of valley), mapping and geochem samples

þ Geophysics – strongly demagnetisedzone the mirror of Goodpaster & Pogo

þ Geophysics – CSAMT survey, indicate same conductors on RML ground

West Pogo Block, intended drill targets for year 1, green (completed), blue (incomplete) and orange (planned) dots.

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ASX Announcement 27th April: INITIAL ASSAYS HOLE 1 - 64NORTH PROJECT, ALASKA

Hole IDProspect From To Interval Au (g/t)

20AU001 Aurora 94.31 94.86 0.55 0.5220AU001 Aurora 124.83 126.31 1.48 0.3120AU001 Aurora 129.76 131.04 1.28 0.3520AU001 Aurora 152.85 153.22 0.37 0.3020AU001 Aurora 241.80 242.76 0.96 0.4220AU001 Aurora 276.88 277.00 0.12 0.94

Competent Persons StatementThe information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Duncan Chessell who is a member of the Australasian Institute of Mining and Metallurgy. Mr Duncan Chessell is a full-time employee of the company and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Duncan Chessell consents to the inclusion in the report of the matters based on his information in the form in which it is appears and confirms that the data reported as foreign estimates are an accurate representation of the available data and studies of the material mining project. This report includes results that have previously been released under JORC 2012 by the Company on 17 October 2019, “Binding agreement earning 80% of Gold Project in Alaska”, “Gold Symposium Conference Presentation” 24 October 2019, “AGM Presentation” 26 November 2019 and “Operations Update at 64North Project, Alaska” 31 March 2020 and “Initial assays Hole 1 – 64North Project, Alaska” 27 April 2020. The Company is not aware of any new information or data that materially affects the information included in this announcement and all material assumptions and technical parameters underpinning the Mineral Resource continue to apply and have not materially changed.

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This presentation has been prepared by Resolution Minerals Ltd(Resolution). This document contains background information aboutResolution current at the date of this presentation. The presentation isin summary form and does not purport to be all inclusive or complete.Recipients should conduct their own investigations and perform theirown analysis in order to satisfy themselves as to the accuracy andcompleteness of the information, statements and opinions contained inthis presentation.

This presentation is for information purposes only. Neither thispresentation nor the information contained in it constitutes an offer,invitation, solicitation or recommendation in relation to the purchase orsales of shares or other securities in any jurisdiction. This presentationis not a prospectus, product disclosure statement or other offeringdocument under Australian law (and will not be lodged with theAustralian Securities and Investments Commission (ASIC)) or any otherlaw.

This presentation does not constitute investment or financial productadvice (nor tax, accounting or legal advice) and has been preparedwithout taking into account the recipient’s investment objectives,financial circumstances or particular needs and the opinions andrecommendations in this presentation are not intended to representrecommendations of particular investments to particular persons.Recipients should seek professional advice when deciding if aninvestment is appropriate. All securities involve risks which include(among others) the risk of adverse or unanticipated market, financial orpolitical developments.

To the fullest extent permitted by law, Resolution, its officers,employees, agents and advisors do not make any representation orwarranty, express or implied, as to the currency, accuracy, reliability orcompleteness of any information, statements, opinions, estimates,forecasts or other representations contained in this presentation. Noresponsibility for any errors or omissions from this presentation arisingout of negligence or otherwise are accepted.

This presentation may include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Resolution. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law, Resolution does not undertake any obligation to update or revise any information or any of the forward-looking statements in this presentation or any changes in events, conditions, or circumstances on which any such forward looking statement is based.

DISCLAIMER

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CONTACTAuthorised for releaseDuncan ChessellManaging DirectorResolution Minerals Ltd ASX:RML+61 414 804 055

[email protected] 4, 29 King William StreetAdelaide SA 5000, AUSTRALIAwww.resolutionminerals.com

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The company is highly encouraged by these first results from a green fields exploration program. The results confirm the exploration model and will be invaluable in determining future drilling.

Summary:• Initial assays and logging of drill core increase confidence of a Pogo-style IRGS mineral system present

at the Aurora Prospect, 64North Project – Alaska.• Encouragingly the gold present is associated with strong alteration, with arsenopyrite (As) and

bismuthinite (Bi) sulphide-bearing quartz veins with elevated tellurium (Te) and is present in the same host rock as the nearby Northern Star (ASX: NST) Pogo Gold Mine.

• These are the first results from the previously undrilled Aurora Prospect, which is a 2km x 5km high priority target zone, with host rocks, surface geochemistry, structures and geophysical signature that make it a look-alike to Northern Star’s Goodpaster Discovery and Pogo Gold Mine.

• Resolution plans to resume drilling on the Aurora Prospect in the second half of May after spring thaw.• Access will then be possible, enabling the drilling of the highest priority target on the Aurora Prospect. • Assays pending downhole from 323m to 462m (Hole#1) and for Hole #2 are due in 2 weeks. • Resolution is fully funded for the next drill program.

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Continued..Resolution Minerals Ltd (RML, Resolution or the Company) has received (partial) assays from surface to 323m of recently completed hole #1 at the Aurora Prospect. In March 2020 drilling was completed at the Company’s first diamond drill hole (20AU001) to a depth of 462m.The first hole was designed to test structural and geophysical signatures as an orientation to the project geology. Encouragingly the rock type, quartz veining, intense alteration and very high levels of arsenic and bismuth correlating to gold in assays intersected, support the sulphide mineralisation typical of a Pogo-style mineral system.

Due to spring thaw, drilling was halted and scheduled to recommence on the compelling Aurora Prospect in the second half of May. The Aurora Prospect is adjacent to Northern Star’s world class high grade operating Pogo Gold Mine. RML’s continued drilling will pick up on the initial program that, due to logistical considerations, did not test our highest priority target.

Managing Director Duncan Chessell commented:

“These assays increase our confidence that we are drilling in the right neighbourhood and confirm a Pogo-style mineral system is present at Resolution’s Aurora Prospect. The large 2km x 5km scale potential of the target is compelling and we look forward to drilling across more areas of the target zone in the coming summer season and testing our highest priority drill targets.

“Our next task is to vector in on the zones that contain higher grade gold.”

20200429 rml conference call presentation · symposium conference presentation” 24 october 2019,...

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