White Cliff Minerals Limited · ASX:WCN
White Cliff Minerals — Investor Presentation (May 2012)
26 slides from White Cliff Minerals's investor presentation, May 21, 2012
Slide 1: Investment Presentation May 2012
For personal use only Investment Presentation May 2012 Contact: Todd Hibberd Telephone :+618 9321 2233 Email: info@wcminerals.com.au www.wcminerals.com.au
Slide 2: Disclaimer
For personal use only Disclaimer The material in this presentation (“material”) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase, any security in White Cliff Minerals Limited (“WCN”) nor does it form the basis of any contract or commitment. WCN make
Slide 3: Summary and Highlights
For personal use only Summary and Highlights • Nickel and gold focus ‐Western Australia – $240,000 drill funding from WA government – Outstanding nickel sulphide drill targets – Drilling commences July 2012 – Potential for a major new nickel discovery • Copper‐Gold focus Central Asia – Extensive cop
Slide 4: Corporate Snapshot
For personal use only Corporate Snapshot Board ‐ Management Major Shareholders Capital Structure Todd Hibberd Thorney Fund 3% Shares 67.2M managing director Directors and Options 30% Strike@25c 5.8M Michael Langoulant Founders expire 06/2014 executive chairman Cash $1M Rodd Boland (31 Mar 2012) non‐
Slide 5: Core Business
For personal use only Core Business • Australia – Lake Johnston Nickel • Kyrgyz Republic – Chanach Copper‐Gold Porphyry 5
Slide 6: Lake Johnston Nickel Project (100%)
Lake Johnston Nickel Project (100%) For personal use only • 250km from Kalgoorlie • Covers 800 km2 • Two nickel mines in belt: • Emily Anne • Maggie Hays • 14Mt @ 1.82% Nickel • 250km to Port Esperance • 100km to Rail • Existing Infrastructure 6
Slide 7: Key Prospects
Key Prospects For personal use only • Along strike from Norilsk mines • Key prospects – Lake Percy – Mt Gordon/Mt Glasse • Same geology • Same stratigraphy • Same Potential 7
Slide 8: Lake Percy Nickel Sulphide Targets
Lake Percy Nickel Sulphide Targets For personal use only • Historical nickel sulphide results of: • 3m @ 1.7% Ni • 8m @ 0.98% Ni • Nine new nickel sulphide targets (conductive zones) identified on/near basal contact of ultramafic • Diamond Drilling – July 2012 – 1200‐1800 metres 8
Slide 9: Lake Percy Nickel Targets vs. Norilsk Mines
For personal use only Lake Percy Nickel Targets vs. Norilsk Mines Lake Percy - WCN Nickel Mine – Norilsk Same Stratigraphy Same Potential Same Geology 9
Slide 10: Lake Percy vs. Norilsk Mine - Section
For personal use only Lake Percy vs. Norilsk Mine ‐ Section Lake Percy – WCN Nickel Mine - Norilsk 10
Slide 11: Mt Gordon Nickel Sulphide Targets
Mt Gordon Nickel Sulphide Targets For personal use only • Four strong geophysical nickel targets identified on/near basal contact of ultramafic • Overlying nickel rich laterite – Ultramafic at depth – BIF unit (cf. Norilsk) – Minimal Exploration • Multiple additional targets south of Mt Gordon • Geo
Slide 12: Mt Gordon - Cross Section
Mt Gordon‐ Cross Section For personal use only • Four Targets – Same Geology – Same Stratigraphy – Same Location – Same Potential • Diamond Drilling – August 2012 – 1200m 12
Slide 13: Mt Glasse Nickel Sulphide Targets
Mt Glasse Nickel Sulphide Targets For personal use only • Six strong geophysical nickel targets identified on/near basal contact of ultramafic • Overlying Nickel laterite – Ultramafic at depth – BIF unit (cf. Norilsk) – Minimal Exploration • Planned geophysics to better define targets • Good road ac
Slide 14: Lake Johnston - Summary
Lake Johnston ‐ Summary For personal use only • Historical nickel sulphide results of: • 3m @ 1.7% Ni • 8m @ 0.98% Ni • Nineteen new nickel sulphide targets (conductive zones) identified on/near basal contact of ultramafic • Diamond Drilling – July 2012 – 2400 metres 14
Slide 15: Chanach Copper-Gold, Kyrgyz Republic - Central Asia
Chanach Copper‐ Gold For personal use only Kyrgyz Republic – Central Asia • Major copper & gold metallogenic province – 2000km long – From China to Uzbekistan • Politically stable • Good road Infrastructure • Major regional mines include: – Kumptor (20 M Oz gold) – Makmal (5 M Oz gold) – Kalmakyr (9
Slide 16: Regional Deposits Chanach
Regional Deposits Chanach For personal use only Charaat Area 7.5 M Oz Gold 1 Mt Copper Chanach Terek Sai Area 7.5 M Oz Gold Kochbulak Area 10 M Oz Gold Kalymakyr Area 90 M Oz Gold Major Copper-Gold 25 Mt Copper Metallogenic Belt 16
Slide 17: Regional Porphyry & Epithermal Deposits
For personal use only Regional Porphyry & Epithermal Deposits Copper Gold Copper Deposit Type Tonnes Gold (Oz) % (ppm) (Mt) Kalmakyr Grp Porphyry 5.5 Gt 0.38 0.35 25 90 Million Kuru Tegarek Porphyry 173 Mt 0.59 0.56 1.0 3.1 Million Charaat Epithermal 33 Mt 4.1 5.6 Million Terek Sai Epithermal ~23 Mt
Slide 18: The Chanach Copper-Gold Porphyry (45%)
For personal use only The Chanach Copper‐Gold Porphyry (45%) • Potential for 100’s of millions of tonnes • Grades to date range from 0.2% copper ‐ 2% copper • Initial drilling covers 500 by 400 metre area • Mineralisation open in all directions • Copper and gold mineralisation identified 5km away 18
Slide 19: Copper-Gold Porphyry Deposits
For personal use only Copper‐Gold Porphyry Deposits • Copper‐gold rich magma injects itself into crust • Deposits are zoned • Typically 100’s of millions to billions of tonnes • Average grades from 0.3% copper to ~1% copper Diagram after Lowell and Guilbert 1970 19
Slide 20: Chanach Tenement
Chanach Tenement For personal use only Outcropping Porphyry 2011 Drilling (next slide) Alteration Targets 20
Slide 21: Chanach Drilling Results
For personal use only Chanach Drilling Results • Extensive Copper Mineralisation • 18 of 20 drill holes mineralised • Drill hole depths ranged from 100m to 350m • Significant Copper grades (and associated gold) • 80 metres at 0.5% copper in supergene zone including; • 10 metres at 1% copper • 40 met
Slide 22: Interpreted Mineralisation
Interpreted Mineralisation Mineralised Skarn Contact For personal use only 0 250 500 Metres Mineralised Porphyry 22
Slide 23: Chanach 2012 Exploration Program
For personal use only Chanach 2012 Exploration Program • 2000 metres of diamond drilling, including: – Porphyry ‐ limestone contact (Skarn) – Main Porphyry – Central Porphyry • Extensive soil sampling program over alteration targets (2000 samples) • Ground magnetic survey 23
Slide 24: Exploration Schedule – to Dec 2012
For personal use only Exploration Schedule – to Dec 2012 Project Commodity Activity Timing MLTEM Q3-12 Lake Johnston Nickel DD Drilling Q3-12 MMI Q4-12 Copper-Gold Drilling Q3-12 Chanach Soil Sampling Q3-12 Gold MMI Q2-12 Mt Remarkable Gold RC Drilling Q3-12 Nickel MLTEM Q3-12 Gold MMI Q3-12 Laverto
Slide 25: Summary
For personal use only Summary • 2012 Exploration has potential to rerate company • High risk/reward nickel drilling at Lake Johnston • Chanach Copper Gold Project – a sleeping giant – further work will realise scale and potential • Pipeline of good quality grass root projects 25
Slide 26: Contact Details
For personal use only Contact Details Todd Hibberd – Managing Director Rodd Boland – Non Executive Director‐ Investor Relations White Cliff Minerals Limited Suite 2, Murchison House White Cliff Minerals Limited 5 Ord Street, Suite 14, 13 Hickson Road West Perth WA 6005 Sydney NSW 2000 Tel:08 9321 22
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