Red Moon Resources Overview July, 2019 Forward Looking Statements - - PowerPoint PPT Presentation

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Red Moon Resources Overview July, 2019 Forward Looking Statements - - PowerPoint PPT Presentation

Dec 23, 2022 184 likes •479 views

Red Moon Resources Overview July, 2019 Forward Looking Statements This presentation may include forward looking statements . All statements, other than statements of historical fact, included herein, including without limitation,

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Red Moon Resources Overview

July, 2019

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SLIDE 2

This presentation may include “forward looking statements”. All statements,

  • ther than statements of historical fact, included herein, including without

limitation, statements regarding exploration results, future plans, and objectives

  • f Red Moon Resources Inc. are forward looking statements that involve risks

and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Forward Looking Statements

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Project Overview

Red Moon Resources: Projects

  • Captain Cook (Salt) – pre-feasibility stage
  • Ace Gypsum – production and ramp up
  • Black Bay (Nepheline) –metallurgical

evaluation

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SLIDE 4
  • Captain Cook Salt
  • Project Description
  • Market Considerations

Presentation Overview

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Project Location

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Captain Cook Salt Project Location

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SLIDE 7

A Producing Basin

A Salt Mining Region

  • Seleine

1982 - present 2.0 Mt/y

  • Pugwash

1959 - present 1.8 Mt/y

  • Nappan

1947 - present 100,000 t/y

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SLIDE 8

Captain Cook #4 Captain Cook #4

Detailed Salt Section

  • Red intervals exceed

95% salt

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Captain Cook Salt

NaCl lower cut-

  • ff (%)

Volume (m3) Tonnes (million) Density (kg/m3 ) NaCl (%) Tonnes in-situ (million) 88 682,000,000 1,473 2.16 95.3 1,405 89 677,000,000 1,462 2.16 95.4 1,395 90 672,000,000 1,451 2.16 95.4 1,385 91 653,000,000 1,410 2.16 95.6 1,348 92 602,000,000 1,301 2.16 95.9 1,248 93 557,000,000 1,203 2.16 96.2 1,157 94 499,000,000 1,078 2.16 96.5 1,040 95 420,000,000 908 2.16 96.9 880 96 304,000,000 657 2.16 97.4 640 97 190,000,000 410 2.16 97.9 401 98 71,000,000 154 2.16 98.6 152 99 17,000,000 37 2.16 99.3 37 100

  • Successful, independently verified

NI 43-101 resource estimate

  • Very large tonnage - 900 million

tonnes of high-grade salt

NI 43-101 Resource Estimate

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Captain Cook Salt Location & Logistics

  • Significant existing infrastructure
  • Nearby deep water ports (Turf Point and Port

Harmon)

  • Airport within 20 minutes of property (Stephenville)
  • Trans Canada highway and multitude of secondary

roads across property

  • High voltage power line crosses the property
  • Mining-friendly jurisdiction, Newfoundland &

Labrador

  • Skilled workforce with mining experience in nearby

communities

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Captain Cook drillholes Haulage road from project area to Turf Point port 5 km from deposit N

Captain Cook Salt Existing Infrastructure

Turf Point Port Looking south-southeast

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Captain Cook Salt Turf Point Port

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Selected US Salt Imports

1Data are x1000 metric tonnes 2Customs values only in millions of $USD

Source: USGS Mineral Commodity Summaries, January 2015; US Census Bureau

  • Chile is the largest salt exporter to the US, followed

by Canada and Mexico

  • Road de-icing consumed about 44% of total salt

2010 2011 2012 2013 2014 Quantity1 Value2 Quantity1 Value2 Quantity1 Value2 Quantity1 Value2 Quantity1 Value2 Canada 4,240 $ 119,000 5,340 $ 153,000 3,980 $ 126,000 4,960 $ 157,000 $ 5,800 $ 191,000 Chile 5,000 $ 96,100 5,030 $ 102,000 3,620 $ 68,600 3,900 $ 69,300 $ 7,890 $ 167,000 Mexico 1,000 $ 28,200 1,480 $ 44,700 1,270 $ 37,600 1,530 $ 39,000 $ 2,390 $ 71,000 Bahamas, The 935 $ 16,500 512 $ 8,940 366 $ 9,160 630 $ 24,900 $ 1,010 $ 33,500 Netherlands 362 $ 11,100 127 $ 5,800 134 $ 5,090 248 $ 7,380 $ 257 $ 7,770 France 8 $ 6,800 17 $ 5,620 8 $ 6,610 10 $ 6,300 $ 13 $ 6,090 Israel 10 $ 4,620 13 $ 4,120 11 $ 6,620 14 $ 6,280 $ 66 $ 10,100 Peru 406 $ 4,420 560 $ 8,250 154 $ 2,360 244 $ 3,720 $ 722 $ 11,300 Total 11,961 $ 286,740 13,079 $ 332,430 9,543 $ 262,040 11,536 $ 313,880 $ 18,148 $ 497,760

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Captain Cook Salt Market Analysis

  • Immediate Market - Newfoundland

300,000 t/y

  • Local Market - Atlantic Canada – Piccadilly

Potash mine closure 800,000 t/y

  • Regional Market - Northeast US – Chilean

Imports 5 million t/y

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Captain Cook Salt Feasibility Study

  • Feasibility Study - CDN $3.0 million
  • Geotechnical drilling
  • Resource update
  • Mining plan- mining method (shaft/decline)
  • Environmental permitting
  • Social communications
  • Reclamation plan
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Captain Cook Development Strategy

  • Feasibility funding $3.0 million Q3 2019
  • Feasibility completed by Q3 2020
  • Mine permitting and construction 2020-2022
  • Production commences mid Q4 2022
  • Seize opportunities in the North Atlantic

market

  • Ramp up production to capacity of 2.0 million

tonnes per year

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Ace Gypsum Project Location

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Ace Gypsum Project 2017 Drilling

2017 Drilling

  • Drilling resolved distribution
  • f gypsum to a higher

degree of confidence

  • Drilling identified areas for

stripped stockpile (overburden, anhydrite)

  • Will utilize pre-existing

access roads for ease of permitting

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Ace Gypsum Project 2017 Drilling

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  • Successful application for a Mining Lease at the Ace

Zone of the historical Flat Bay gypsum quarry (2017)

  • Engagement of geotechnical consultants to prepare

Environmental Registration and Development Plan towards a goal of 2018 gypsum production

  • Continued product marketing and establishment of

potential customers

  • Drilling program completed on Mining Lease 239
  • Development & Reclamation plan submitted and

approved (Aug 2018)

  • Production commenced (Aug 2018)

Ace Gypsum Project Path to Production

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Marketing Company

Vinland Materials Inc.

A private integrated alliance of industrial mineral resource owners, mining operators, port operators and marketers

(Vulcan is a founding shareholder)

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Contract mining arrangement with Vinland

Contract Mining

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Production Achieved

Loading Gypsum at Turf Point Port

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  • Ramp up production to 250,000 tonnes per year
  • Expand market for production
  • Work with contract mining partners to maximize

efficiencies in production and transportation costs

  • Evaluate the full gypsum/anhydrite resource potential

for expanded market opportunities

2019 -20 Outlook

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Black Bay Nepheline Project Location

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Black Bay Nepheline Project Location

Project is road (paved) accessible and close to tidewater

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Black Bay Nepheline

Why Nepheline

  • High-value industrial mineral used in wide range of

applications:

  • Glass & ceramics production: alkalis act as a flux, lowering

melting point in furnace = less energy, $$$ savings

  • Fillers, extenders & pigments (brighter, more durable than

titanium dioxide) in paint, plastics, sealant, fertilizers (alkalis)

  • Potential open-pit mine - clean chemical-free processing
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  • Favourable results were obtained from mapping and

sampling program: high-grade Al2O3 in nepheline syenite is widely distributed

  • Preliminary metallurgical study completed to determine if

the nepheline is amenable to physical concentration processing

  • Preliminary magnetic separation yielded concentrates as low

as 0.12% Fe2O3 (3 kg composite sample)

  • Detailed channel sampling program carried out in 2017
  • btained a 3.5 tonne bulk sample, producing positive

metallurgical test results

Black Bay Property Project Status

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2019-2020 Outlook

Captain Cook

  • Solicit Feasibility funding
  • Initiate & execute Feasibility Study

Ace Gypsum

  • Ramp up production to seize market opportunities
  • Solicit buyers for gypsum production in 2019-2020
  • Delineate gypsum resources for expanded market
  • pportunities

Black Bay Nepheline

  • Metallurgical test work ongoing
  • Marketing/partner solicitation