Advancing a Major Oxide | |
onlyuse | Gold Asset in Guinea's |
Prolific Siguiri Basin | |
Investor Presentation | |
ASX:GMR | |
nal | |
JUNE 2022 |
ASX:GMR
Disclaimer / Forward-looking Statements
This presentation has been prepared by Golden Rim Resources Limited (ABN 39 006 710 774) ("Golden Rim") | |
based on information available to it. No representation or warranty, express or implied, is made as to the fairness, | |
accuracy, completeness or correctness of the information, opinions and conclusions contained in this | |
only | presentation. To the maximum extent permitted by law, none of Golden Rim, its related bodies corporate, its or |
their directors, employees or agents, advisers, nor any other person accepts any liability for any loss arising from | |
the use of or reliance on this presentation or anything contained in, omitted from or otherwise arising in | |
connection with it, including, without limitation, any liability arising from fault or negligence on the part of Golden | |
Rim, its related bodies corporate or its or their directors, employees or agents. | |
The distribution of this document in jurisdictions outside Australia may be restricted by law and you should | |
observe any such restrictions. | |
This presentation is not an offer, invitation, solicitation or recommendation to invest in Golden Rim and neither | |
this document nor anything in it shall form the basis of any contract or commitment. The information in this | |
presentation does not take into account the investment objectives, financial situation and particular needs of | |
investors and does not constitute investment, legal, tax or other advice. Before making an investment in Golden | |
Rim an investor should consider whether such an investment is appropriate to their particular investment | |
objectives, financial situation and particular needs and consult a financial adviser if necessary. This presentation | |
does not purport to constitute all of the information that a potential investor may require in making an investment | |
decision. Investments are subject to investment risk, including possible delays in repayment and loss of income or | |
principal invested. Golden Rim does not guarantee the performance of the investment referred to in this | |
presentation, the repayment of any capital invested or any particular rate of return. | |
use | Any securities described in this presentation may not be offered or sold in the United States absent registration |
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agency or branch of a foreign entity located in the United States. | |
You acknowledge that circumstances may change and the contents of this presentation may become outdated as | |
a result. Golden Rim accepts no obligation to correct or update the information or opinions in this presentation. | |
Opinions expressed are subject to change without notice. | |
By accepting this document, you agree to be bound by the above limitations. | |
Certain statements in the presentation are or maybe "forward-looking statements" and represent Golden Rim's | |
intentions, projections, expectations or beliefs concerning among other things, future exploration activities. The | |
nal | projections, estimates and beliefs contained in such forward looking statements necessarily involve known and |
unknown risks, uncertainties and other factors, many of which are beyond the control of Golden Rim, and which | |
may cause Golden Rim's actual performance in future periods to differ materially from any express or implied | |
estimates or projections. Nothing in this presentation is a promise or representation as to the future. Statements | |
or assumptions in this presentation as to future matters may prove to be incorrect and differences may be | |
material. Golden Rim does not make any representation or warranty as to the accuracy of such statements or | |
assumptions. |
Competent Person Statement
The information in this report relating to previous exploration results and Mineral Resources are extracted from the announcements: Golden Rim hits shallow high-grade oxide gold at Bereko dated 19 May 2022; Golden Rim's Drilling Outside Kada Mineral Resource Area Delivers More Oxide Gold dated 11 May 2022; Golden Rim Receives Outstanding Gold Recoveries from Kada Metallurgical Testwork dated 9 March 2022; Kada Maiden Mineral Resource 930Koz Gold dated 3 March 2022; Golden Rim hits 171.5g/t gold in sampling at Kada with multiple new targets identified dated 22 February 2022; Golden Rim Discovers Exciting New Zone of Oxide Gold at Kada - 66m at 1.0g/t Gold dated 17 February 2022; Golden Rim Continues to Identify Additional Gold Mineralisation at Kada dated 20 January 2022; Kada Delivers Exceptional Shallow Oxide Gold Intersection - 96M @ 3.3g/t gold dated 20 December 2021; Kada Delivers its Widest Oxide Gold Intersection to Date - 62m @ 1.3g/t gold dated 14 December 2021; Golden Rim Delivers More Broad Zones of Oxide Gold at Kada dated 19 August 2021; Golden Rim Intersects 32m @ 1.4g/t gold in Oxide at Kada dated 5 August 2021; Golden Rim Expands Kada Bedrock Gold Corridor to 15km dated 30 July 2021; Golden Rim's Oxide Gold Blanket at Kada Expands to 700m Width dated 26 July 2021; Golden Rim Hits 46m @ 1.3g/t Gold in Oxide at Kada dated 19 July 2021; Golden Rim Continues to Outline Broad Oxide Gold Area at Kada dated 13 July 2021; Golden Rim Confirms Broad Zones of Oxide Gold in Resource Drillout at Kada dated 29 June 2021; Golden Rim Extends Depth of High-Grade Diabatou Gold Shoot at Kouri dated 11 June 2021; Golden Rim Extends Major Bedrock Gold Corridor to 4.7km at Kada dated 20 May 2021; Golden Rim to Explore Major Porphyry Copper Target in Chile dated 22 April 2021; Golden Rim Expands Kada Gold Project dated 27 January 2021; Broad Zones of Deep Oxide Gold Mineralisation Confirmed at Kada dated 16 November 2020; Kouri Mineral Resource Increases by 43% to 2 Million Ounces Gold dated 26 October 2020; Extent of the High-Grade Diabatou Gold Shoot Doubled dated 31 July 2020; Heads of Agreement to Acquire Kada Gold Project in Guinea dated 27 July 2020; New Granite Contact Targets and High-Grade Gold Shoot at Kouri dated 2 June 2020; Multiple Structures Hosting High-Grade Gold Identified East of 1.4Moz Mineral Resource at Kouri dated 3 February 2020; Drilling Intersects 4m at 12.6g/t gold at Kouri dated 31 March 2020; Drilling Intersects 6m at 9.5 g/t Gold at Kouri dated 23 March 2020; High-Grade Gold Discovered within Mineral Resource at Kouri dated 10 March 2020; Major Extensions to Gold Lodes Comprising 1.4Moz Mineral Resource at Kouri dated 14 February 2020; More High-Grade Gold Results Obtained at Kouri dated 20 December 2019; New High-Grade Gold Zone discovered at Kouri dated 19 December 2019; Second Extensive High Grade Gold Target Identified at Kouri dated 11 November 2019; Second High-Grade Zone Discovered in Granite at Kouri dated 28 August 2019; 784g/t Gold Bonanza Intercept at Kouri dated 5 August 2019; Bonanza Intercept of 4m at 44.7g/t Gold at Kouri dated 16 January 2019; 10m at 4.1g/t Gold Intersected at Red Hill dated 15 January 2019; New Gold Intercepts at Red Hill Indicate Potential of Sizable New Gold Discovery dated 14 December 2018; Amended, Exceptional Metallurgical Results from Kouri dated 2 February 2018; New Ore Grade Intersections to Expand Paguanta Resource dated 14 June 2017; New Resource Estimation for Paguanta dated 30 May 2017; Diamond Drilling Significantly Extends Mineralisation 3 May 2017; Zinc-Silver-Lead Mineralisation Extended and a New Discovery dated 7 March 2017, and has been reported in accordance with the 2012 edition of the JORC Code. These announcements are available on the Company's website (www.goldenrim.com.au). The Company confirms that it is not aware of any new information or data that materially affects the information included in these announcements and, in the case of the Mineral Resource estimates, that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.
The information in this report that relates to exploration results is based on information compiled by Craig Mackay, a Competent Person, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Mackay 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 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Mackay consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
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ASX:GMR
Key Highlights
Exciting Flagship | ||||
lyno | Kada Oxide Gold Project in Guinea | |||
Advanced ex-Newmont project | ||||
Maiden Inferred Mineral Resource: 25.5Mt at 1.1g/t gold for 930Koz | ||||
72% of Mineral Resource Estimate Area (MRE) (670Koz) is shallow, | ||||
soft, higher-gradeoxide-transitional material | ||||
seu | Free-milling with high gold recoveries; conventional CIL processing | |||
Shallow oxide gold targets along 15km bedrock gold corridor | ||||
Along strike and geologically similar to AngloGold Ashanti's +10Moz | ||||
gold Siguiri Mine Complex | ||||
nal | Focus on resource growth in 2022 | |||
1. Mineral Resource details provided in Appendix 1 | ||||
3 | ||||
Corporate & Management Overview
Major Shareholders 24.8%
only | Top 20 55.7% | |
Capital DI | 11.3% | |
Jetosea | 8.2% | |
Directors & Management | 5.9% | |
Board & Management | ||
esu | Considerable West African experience | |
Multiple discoveries in West Africa (Balogo, Kouri, Mako) | ||
Pouroulis family has built more than 10 mines in Africa | ||
Adonis founder of Toro Gold which developed Mako Gold | ||
Mine, Senegal (sold to Resolute for A$400m) | ||
nal | Ex-AngloGold Ashanti, Petra Diamonds, Mineral Deposits | |
ASX:GMR
Capital Structure | ||
A$20.4M | A$16.2M | A$4.2M |
Market Cap at A$0.065/Share | Enterprise Value | Cash Balance (Mar 2022) |
Nil | 314M | 80M |
Debt | Shares on Issue | Unlisted Options |
Adonis Pouroulis | Craig Mackay | Kathryn Davies | Richard Zongo |
Non-Executive | Managing Director | Director | Exploration Manager |
Chairman | West Africa |
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nal use only
Guinea
Kada Gold Project
Flagship Project
West Africa
5
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Golden Rim Resources Ltd. published this content on 14 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2022 01:22:04 UTC.