Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — NSW Mining & Exploration Conference 2022
25 slides from Golden Cross Resources's conference presentation, Oct 13, 2022
Slide 1: ASX announcement: presentation at NSW Mining & Exploration Conference
GOLDEN CROSS RESOURCES LTD ABN 65 063 075 178 301/66 Berry Street North Sydney NSW 2060 Phone (02) 9922 1266 For personal use only 13 October 2022 ASX Market Announcements We attach a copy of the presentation at the NSW Mining & Exploration Conference being held today at Orange NSW. Authorised by: J
Slide 2: Golden Cross Resources Ltd – NSW Mining & Exploration Conference
Golden Cross Resources Ltd For personal use only NSW Mining & Exploration Conference Orange NSW 12-13 October 2022
Slide 3: Disclaimer
Disclaimer For personal use only Certain statements contained in this presentation, including information as to the future financial or operating performance of Golden Cross Resources Ltd and its projects, are forward-looking statements. When used in this presentation, the words such as “could”, “pl
Slide 4: Corporate Summary
Corporate Summary • Listed on ASX in March 1996 • Current market capitalisation ranging A$11m For personal use only • Restructuring capital base and rejuvenating corporate strategy • Key asset Copper Hill – 100% owned Golden Cross Resources October 2022 • Porphyry-copper-gold deposit • 45% more tonn
Slide 5: Shareholding Structure
Shareholding Structure Source: 2022 GCR Annual Report For personal use only Name of Holder No. Held % 1 HQ MINING RESOURCES HOLDING PTY LTD 709,537,330 64.44 2 OCEANIC UNIVERSAL LIMITED 60,449,590 5.49 • Top 20: 80.69% Golden Cross Resources October 2022 3 NELSON ENTERPRISES PTY LTD 15,095,250 1.37
Slide 6: Directors and Management
Directors and Management For personal use only • Jordan Li - Executive Chairman, MBA FAusIMM MAICD Golden Cross Resources October 2022 • Mark Moddejongen – Non-Executive Director, BE (Mining) FAusIMM(CP) RPEQ • Yuanheng Wang – Non-Executive Director, LLB • Yan Li - Non-Executive Director, MBA • Bret
Slide 7: Golden Cross Projects
Golden Cross Projects For personal use only Paleozoic Lachlan Fold Belt • Ordovician Porphyry Cu / Au Golden Cross Resources October 2022 • Cadia, Nth Parkes styles • Silurian VMS Zn / Cu / Au • Cobar Basin Cu / Zn / Pb / Au Gawler Craton • Olympic Domain (IOCG) Copper / Gold / Uranium / REE Northwe
Slide 8: Golden Cross Tenements
Golden Cross Tenements For personal use only TEN # GRANT JV Expiry Area TENEMENT NAME EL Holder Status DATE 2 Commodity Partner Date km EPM Original Golden Cross Resources October 2022 NEW SOUTH WALES Copper, Gold, Copper Hill 6391 GCO Current 10-Mar-05 10-Mar-25 95 Silver, Molybdenum Burra 7389 GCO
Slide 9: Key focus
Key focus Key GCR asset is Copper Hill (100% owned) For personal use only • Porphyry copper-gold deposit Golden Cross Resources October 2022 • 190mt Cu Au mineralisation • Most drilling <250m from surface • Sparse exploration beyond 350m depth • 5 km long corridor for satellite resources • 2022 190m
Slide 10: Central Molong Volcanic Belt
Copper Hill – Central Molong Volcanic Belt Regional key Cu-Au deposits For personal use only • Cadia Golden Cross Resources October 2022 • Kaiser-Boda • McPhillamy’s • Northparkes • Peak Hill • Tomingley • Cowal • Marsden
Slide 11: Local position
Copper Hill – Local position For personal use only • Low rise topography • Close to Molong township • On Mitchell Highway • Disused Molong-Dubbo railway connects to main western line to Sydney • Power – 132/66 kV substation within 5km
Slide 12: Infrastructure
Copper Hill Infrastructure For personal use only Golden Cross Resources October 2022 • A ‘hill’ standing in valley • Disused Molong-Dubbo railway to Sydney • Beside Mitchell Highway • Freehold Land • No specific environmental issue
Slide 13: Geology
Copper Hill Geology For personal use only • MGA NW and EW structures recognised Golden Cross Resources October 2022 • Multiple intrusive phases • Dacite porphyries • Related Volcanics and sediments • 5km corridor with mineralisation potential
Slide 14: Magnetics
Copper Hill Magnetics For personal use only Golden Cross Resources October 2022 Significant Magnetic Features • 5km long corridor • Magnetic low reflects alteration • Several nearby targets
Slide 15: Exploration Targets
Copper Hill – Exploration Targets For personal use only Copper Hill • Prospects and IP Chargeability Golden Cross Resources October 2022 • Chargeability highs reflect pyrite • Other geophysical methods • Gravity (buried intrusives, alteration, structure) • EM / DHEM (connected vein set conductors)
Slide 16: Exploration Targets
Copper Hill – Exploration Targets For personal use only Golden Cross Resources October 2022 Prospect Locations along 5km NW Trend Drilling by type 2022 optimised pit outline
Slide 17: Cross Section 5600N
Copper Hill Cross Section 5600N • 400m wide mineralised envelope For personal use only • High grade near surface zones Golden Cross Resources October 2022 • Hill profile gives very low strip ratio • Open at depth • Copper Hill Intersections include:- o CHRC-581 256m @ 0.67% Cu 1.06g/t Au from 32m (0
Slide 18: Copper Hill 2022 Block Model
For personal use only Copper Hill 2022 Block Model Golden Cross Resources October 2022 2022 resource model blocks > 0.2% Cu or 0.2 g/t Au and 2022 pit shell (brown) used to constrain resource • Higher grade Copper Hill Central zone (41MT @ 0.43 % Cu and 0.53 g/t Au using 0.4 CoG – next slide) • Expl
Slide 19: Mineral Resources – 2022 Update
Copper Hill Mineral Resources* – 2022 Update *refer to ASX Announcem ent 6 Septem ber 2022 For personal use only Golden Cross Resources October 2022
Slide 20: JORC Resource History
Copper Hill - JORC Resource History For personal use only Contained Contained Contained Estimator Code CutOff Criteria Tonnes Copper Gold Comment Copper Gold Silver (Mt) (%) (g/t) (Kt) (M oz) (M oz) Golden Cross Resources October 2022 H&S Jun 2011 JORC 2004 0.2% Cu 163 0.32 0.27 527 1.4 Plus 34MT Ou
Slide 21: Comparisons: ASX Lachlan Fold Belt Explorers
Comparisons ASX Lachlan Fold Belt Explorers For personal use only Source: Martin Place Securities – 12 October 2022) Golden Cross Resources October 2022 • ALK • MAG • KTA • SKY • IPT • HLX • GCR • GRL • LGM • KCC • AQX
Slide 22: Outlook for Copper
Outlook for Copper Source: Martin Place Securities – 12 October 2022) For personal use only Golden Cross Resources October 2022 • Near all time high prices • Decade of tight markets ahead • EV demand for electrification • Few new large copper projects • Supply / demand imbalance
Slide 23: Outlook for Gold
Outlook for Gold (Source: Martin Place Securities – 12 October 2022) For personal use only Golden Cross Resources October 2022 • Near all time highs in A$ • High up take by Asia and non-western jurisdictions • Central Banks buying again • Global currency turmoil • Global debt crisis ahead
Slide 24: Project – Next Steps
Copper Hill Project – Next Steps • Drilling to explore recognised 5km target corridor and depth extensions • Further Pre-Feasibility Study work: For personal use only • Drilling - infill and extend high grade zones, provide density data, twin RC holes, clarify structural geometry and controlling min
Slide 25: Reference to Previous Announcements
Reference to Previous Announcements For personal use only 27-June-2011 New Copper Hill Resource Estimate 13-December-2011 Copper Hill - Optimised Pits Resource Estimate 25-August-2014 Copper Hill Drilling Update-GCHD470-Complete Assays 24-March-2015 Copper Hill Resource Estimate 15-April-2015 Scopin
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