Impressive Resource/Reserve growth from active exploration programs
• 1.5Moz Total Mineral Resources 1 - 130% growth since project acquisition
• 893koz Open Pit Ore Reserve
Positive Feasibility Study (Nov 2017) ~100,000oz/pa stand-alone gold project
• Single large, low strip ratio open pit
• 3Mtpa CIL Processing Plant
Karlawinda Project - Geology - Unlocking the potential of a new gold camp
• Proven camp-scale multi million ounce potential, partially obscured by thin 1-10m of sand cover
• Limited early stage exploration outside the immediate 1.5Moz Bibra Deposit
• K3 Prospect, up-plunge projection of Francopan
• 26m @ 1.08 g/t Au from 132m
• 21m @ 1.31 g/t Au from 230m
• Francopan, wide-spaced drilling, high grade zones
• 37m @ 1.9 g/t Au incl. 8m @ 5.1 g/t Au from 179m
• 81m @ 1.2 g/t Au incl. 15m @ 3.0 g/t Au from 400m
let's see if both parties can agree
RRL Price at posting:
$3.86 Sentiment: Buy Disclosure: Held
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