Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — 20:20 Investor Series (March 2011)
26 slides from Golden Cross Resources's conference presentation, Mar 9, 2011
Slide 1: Golden Cross Resources 20:20 Investor Series
For personal use only Golden Cross Resources 20:20 INVESTOR SERIES Wednesday, March 9, 2011 Kim Stanton-Cook GCR Managing Director
Slide 2: Disclaimer and Competent Person Statement
DISCLAIMER This material contains certain forecasts and forward-looking information, including information about possible or assumed future performance, exploration results, resources or potential growth of Golden Cross Resources Ltd (GCR), industry growth or other trend projections. Such forecasts
Slide 3: GCR Project Locations
unny Corner (Cu Pb Zn Au) Kempfield (8a Ac) 1000 km Adelaide Cullarin (cu Pb 2n Au) j™@® Lachlan Fold Belt = Curnamona Province @ Golden Cross Properties l@™ Bowen Basin © KER Acquisition * Galilee Basin ® Phosphate Farm-out mt Surat Sir © Joint Venture ‘@® Clarence-Moreton Basin @ Farmed out = Mt I
Slide 4: Copper Hill Project Status
Copper Hill Project Status For personal use only • Resources Block Model estimated by Hellman & Schofield: 173 million tonnes containing 0.53 million tonnes copper and 1.47 million ounces of gold • Preliminary geotechnical parameters assessed • Whittle Enterprise Optimization due end-March • Feasibi
Slide 5: Copper Hill Drilling 2010 and into 2011
COPPER HILL For personal use only DRILLING 2010 and into 2011
Slide 6: Buckley's Hill, Section 6150N
200 metres Buckley’s Hill, Section 6150N • Expanding zone indicated For personal use only • Copper and gold grades remain elevated and above average. • Substantial extensions indicated along strike to the northwest • Step-out core drilling to begin immediately. • Cross-sections both north and south
Slide 7: Sections 6250N to 6000N
6250N For personal use only 6200N 6150N 6100N 6050N 6000N
Slide 8: For personal use only
5000 4875 4750 Y Ajuo asn feuosied 105 000s + Sor 4 osér 4
Slide 9: For personal use only
- 6000 000s — - 4875 Si8r — - 4750 Osh Ajuo sn feuosied JO3
Slide 10: For personal use only
- 5000 + 4875 - 4750 0005 — % Sy Siyy, Seer — OsZr — Ajuo sn jeuosied JO3
Slide 11: 6150N
For personal use only 6150N
Slide 12: 6200N
For personal use only 6200N
Slide 13: For personal use only
— §000 \ 000s 5 S28" A — 4750 | Os2r — Ajuo osn feuosied 105
Slide 14: Wattle Hill follow-up drilling 2011
Wattle Hill – For personal use only follow-up drilling 2011 High Gold Zone
Slide 15: Wattle Hill Section 4400N
Sw NE 4900mE 5000mE 26m @ 0.5 g/t Au GCHR-315 2007 Pit 21m @ 0.3% Cu, \ 0.32 g/t Au . 3m @ 2.48% Cu, 2.36 g/t Au 4m @ 0.46% Cu Assay Pending open 0 25 50m Wattle Hill 500 m Section 4400 N oem s0-24
Slide 16: Wattle Hill Drilling
WATTLE HILL DRILLING For personal use only • GCHR315 confirms and extends the intercepts in drill hole CHM18 of 26 metres @ 0.5g/t gold from 2 metres and 20 metres @ 0.32g/t gold from 74 metres. • The 3m @2.48% copper at 82 metres down-hole may correlate with the zone of 8m @ 3.72% copper in GCHR249
Slide 17: The Copper Hill Resource at 0.2% Copper Cut-off
The Copper Hill Resource at a cut-off grade of 0.2% copper Note:The Measured, Indicated and Inferred Resource Estimates are reported under the 2004 JORC Code and Guidelines. For personal use only Search parameters for the categories as follows: Measured = 40m x 45m x40m (min 12 data); Indicated = 60
Slide 18: Resource by Mineralisation Zone
Primary mineralisation comprises 96% of the resource (tonnage) with 2% supergene and 2% oxide copper, as shown below: The resource estimates were performed using ordinary kriging, constrained above and below the base of oxidation For personal use only and either side of the Western Fault, but otherw
Slide 19: Copper Hill: Comparative Resources & Grades
Copper Hill : Comparative Resources & Grades New South Wales copper-gold deposits For personal use only TOTAL Measured, Indicated & Inferred Tonnes Au Copper Gold Deposit Cu% MT gpt MTonnes Moz. Cadia Hill OC 408 0.12% 0.42 0.49 5.5 Cadia Extended 83 0.20% 0.35 0.16 0.9 Ridgeway UG 155 0.38% 0.73 0.
Slide 20: Experienced Development Team
Experienced Development Team • Mark Moddejongen, a highly experienced mining For personal use only engineer is Project Manager. • Mine development geologist Richard Lewis. • Shu Zhang and John Chen, two very experienced mining engineers. • Ken Kellett is supervising metallurgical work at Metcon Labo
Slide 21: Hydrology & Geotechnical
Hydrology & Geotechnical For personal use only • Hydrology – local aquifers identified. Aquaterra retained for hydrology and environmental studies. • PSM supervising on-going geotechnical programs including geotechnical holes, geotechnical domain classification & final wall slope recommendation for
Slide 22: Production of a Copper-Gold Sulphide Concentrate
Production of a Copper-Gold Sulphide Concentrate 25% copper with 15 to 20g/t gold achievable • Earlier Start-up For personal use only • Lower capital costs • China-sourced equipment and technology • Faster track to Production and Cash Flow • Construction time will be greatly reduced. • The capital c
Slide 23: Assessment of Capital Cost Items for Copper Hill
Assessment of capital cost items for the Copper Hill project. For personal use only • Cost savings realised by sourcing much of the crushing-grinding- flotation-filter equipment from China will be 30% to 40% lower than earlier estimates. • GCR will proceed down the ‘standard’ route of producing a co
Slide 24: Project Financing
Project Financing For personal use only • Cornerstone Chinese and Australian Investors • Feasibility Study: aiming for end- 2011 • Equity & Chinese Loans During meetings with several Chinese banks in Beijing, the GCR management team was advised that bankable projects, importing equipment from China,
Slide 25: Copper Hill Mine - Critical Issues
Copper Hill Mine - Critical Issues For personal use only • Preliminary pit designs, waste dumps and tailings dam in progress • Metallurgy and Processing test-work continuing Under consideration: • Capex & Financing • Property purchases • Water entitlements • Regulatory approvals
Slide 26: Copper Hill – the next major copper-gold porphyry mine in NSW?
Cadia 45 km to southeast Molong township P ow er: 132 K v Sub-station For personal use only 4.5 km Outcropping mineralisation, low strip ratio Plant & Mill Site Copper Hill – the nex t m ajor copper- gold porphyry m ine in NSW ? W ATCH THI S SP ACE
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