Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — Excellence in Mining & Exploration (September 2008)
54 slides from Golden Cross Resources's conference presentation, Sep 16, 2008
Slide 1: Presentation to Excellence in Mining & Exploration
For personal use only Presentation to Excellence in Mining & Exploration 17:30 on 16 September 2008
Slide 2: Disclaimer and Competent Person Statement
For personal use only 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, industry growth or other trend projections.
Slide 3: Gold, base metals, phosphate and uranium explorer
For personal use only Golden Cross is a gold, base metals, phosphate and uranium explorer. Lachlan Fold Belt and Curnamona Province of New South Wales
Slide 4: Expanding to phosphate in Queensland
For personal use only Golden Cross is expanding its range to include phosphate with drill-defined deposits reported in Queensland Government Mining Journal. Mount Isa (phosphate) 1/3rd of Legend International’s estimated rock phosphate. Mount Isa (uranium, copper-gold) 100% GCR Georgetown (gold) and
Slide 5: Nickel project in the Yilgarn
For personal use only Golden Cross now has a nickel project in the Yilgarn. Yilgarn Block of Western Australia. Mulga Tank Project has two drill intersections of +200m @ 0.2% Ni
Slide 6: Copper and gold in Panama
For personal use only Golden Cross has exploration interests off-shore: Copper & Gold in Panama Six new applications for porphyry copper and epithermal gold targets.
Slide 7: Uranium in Labrador, Canada
For personal use only Uranium in Labrador, Canada. Airborne radiometrics & magnetics flown. +2% U3O8 from outcrop samples and New prospects defined by the May-June 2008 exploration program
Slide 8: Explorer on the move
For personal use only Golden Cross is a gold, uranium and base metals explorer on the move 3,000+ shareholders 633 million shares issued $11 million market capitalisation $2M in cash + ~$2M in cash/equity in staged payments
Slide 9: NSW Exploration
For personal use only NSW EXPLORATION
Slide 10: Golden Cross Australian Project Locations
Darwin # Esmeralda Mount Isa (U P Cu-Au) Highland Sherrin Quita ® , Brisbane Mulga Tank Canbelego (UNiAu) | (Cu Au) ae) Yellow Mt ee) Kalgoorlie ei Perth F Wagga Tank > =) Perth @ Broken Hill Q = (PGM's) 2 eu Zn Pb) 3 z Kilparney ———~ Rast (Au Cu Pb Zn) —~ ° West Wyalong (Au) —— Cargo (Au Cu) Adelai
Slide 11: For personal use only
= ‘= O @ iD 5 © ‘= O D i @ oe = © UL Peak Hill 6 Northparkes @ Copper Hill 33°S MOLONG ®. _N ORANGE @ \ 6 Cadia-Ridgeway e & BATHURST Junction GCR Property cy) @ Cu-Au Mines Gidginbung Y__ 2 sn) Ordovician Centres
Slide 12: Copper Hill
For personal use only Copper Hill
Slide 13: Copper Hill Resource Estimates
Copper Hill Resource Estimates at a range of cut-off grades For personal use only Copper Tonnes Copper Gold (g/t) Contained Contained Cutoff (Mt) (%) Copper (Kt) Gold (M oz) (%) 0.10 328 0.21 0.20 702 2.11 0.15 211 0.26 0.24 557 1.62 0.20 133 0.31 0.28 421 1.20 0.25 83 0.37 0.33 310 0.88 0.30 51 0.4
Slide 14: Copper Hill Project – Potential Production
Copper Hill Project – Potential Production Conventional Concentrate Approach For personal use only 8 million tonnes per annum throughput over a 12-year mine life recoverable 240,000 tonnes of copper and 400,000 to 500,000 ounces of gold assuming 85% Cu and 55% Au recovery
Slide 15: Mining & Metallurgy
Mining & Metallurgy For personal use only • Low strip ratio at 0.6 : 1 • Geotechnical review positive • Short load-haul-dump to ROM pad • Low BWi indicated = lower cost crushing & grinding • Standard sulphide flotation circuit • 85-90% Cu recoveries indicated, Au ~ 55% recovery; may be 85% with CIL
Slide 16: Maximising Value
Maximising Value For personal use only Primary components present in the deposit are: • Copper, gold, sulphur and iron • Higher value products with minimal waste and greatly improved environmental outcomes
Slide 17: Maximising Value
Maximising Value For personal use only • Roasting of Copper Hill sulphides (CuFeS2 and FeS2) would yield sulphur dioxide (SO2) which can be converted to sulphuric acid (H2SO4) and a calcine from which the copper and gold would be leached to produce cathode copper (SX/EW) and bullion gold by CIL, the
Slide 18: Copper Hill Project – Higher Recoveries
Copper Hill Project – Higher Recoveries ~ HYPOTHETICAL ~ For personal use only Roaster – SX/EW Cu – CIL Au – Fe2O3 8 million tonnes per annum throughput over a 14-year mine life to produce, in total, recoverable 300,000 tonnes of copper and 1,000,000 ounces of gold assuming 95% Cu and 95% Au recover
Slide 19: Copper Hill Project – Additional Revenue
Copper Hill Project – Additional Revenue For personal use only Recover SO2 for sulphuric acid production & After Cu and Au leaching, granulate the Fe2O3 calcine for sale.
Slide 20: Superphosphate
Superphosphate For personal use only • A conceptual processing study indicates that dicalcium superphosphate production at Copper Hill could be also be achieved using phosphate rock treated with the SO2 generated by the roasting of sulphides.
Slide 21: Mine Site Schematic
For personal use only Tailings Waste dump 132K v Pow Copper Hill North Mill and Plant er Line Boundary Pit Copper Hill Pit yor nve Co Ra ilw ay Wattle Hill Pit Mine Site Schematic Rail Loader
Slide 22: Infrastructure and Support
Infrastructure and Support For personal use only • Railway spur line to the foot of Copper Hill • 4.5 km to 132Kv electrical sub-station • Supply chains, fabrication, services • 35 km from Lake Burrendong • Molong community support • Cabonne Council support • State Government support
Slide 23: Copper Hill Infrastructure
Molong 132Kv Sub-station For personal use only 4.5km 4.5km Existing Railway Copper Hill Infrastructure
Slide 24: Copper Hill Railway
Copper Hill For personal use only Copper Hill Railway
Slide 25: Copper Hill Aeromagnetics
For personal use only Copper Hill Aeromagnetics
Slide 26: For personal use only
= Brisbane Canbelego Burra \ Au) Yellow Mt (Au Cu) Wagga Haak ) Wa Copper Hill (cu au) Broken Hill 9 (Cu Zn Pb) fining & Finance Studies (PGM's) FA stele) “ ® . ® Sunny Corner(ci?zn4 Rast (Au Cu Pb Zn) + 9 Kenpfleldan West Wyalong (Au) —~ = PHeie (Ga .Ag) Sydney u Cargo (Au Cu) Adelaide Cullarin (Cu
Slide 27: GCR - Joint Ventures
GCR - Joint Ventures Broken Hill – Vale (CVRD-Inco) For personal use only Cargo – Calibre Mining Cullarin - Tri Origin Wagga Tank – OZ Minerals Kempfield, Sunny Corner & West Wyalong – Argent Minerals Mount Isa Phosphate – Legend International Total for earn-ins = $15.5 million ---------------------
Slide 28: Gold, base metals and iron in the Cobar Basin
Gold, base For personal use only metals and iron in the Cobar Basin GCR’s Cobar region tenements. Large areas of Ordovician and Silurian rocks prospective for gold - and base metals. Maghemite (Fe2O3)in channels throughout Rast < 50km > Project
Slide 29: Canbelego Au – Cu-Pb-Zn
For personal use only Canbelego Au – Cu-Pb-Zn
Slide 30: Burra Au – Cu-Pb-Zn
For personal use only BURRA Burra Au – Cu-Pb-Zn
Slide 31: Burra Copper Mine
For personal use only BURRA COPPER MINE Significant sulphide mineralisation grading up to 13.7% copper.
Slide 32: Burra Section A-A'
GCB-072 GCB-158 GCB-157 GCB-156 SI z= Lim @ 0.86% Cu, 0.72 g/t Au —=—— 1m @ 0.88% Cu, 0.03 g/t Au 100m —=—$—$——— 8m © 1.71% Cu, 0.04 g/t Au 2m @ 13.7% Cu, 0.38 g/t Au Lim @ 3.1% Cu, 0.11 g/t Au =~] | 15om Burra Section A-A’
Slide 33: Burra Copper Mine – Section 6502400N
For personal use only Burra Copper Mine – Section 6502400N
Slide 34: Rast Project Areas – Airborne Magnetic Anomalies
Rast Project Areas – Cobar Basin For personal use only ~Airborne Magnetic Anomalies~ An assessment of the airborne magnetic data over much of the Rast South tenement block has identified a total of 20 magnetic anomalies. The sources of these anomalies are unknown, as most lie in areas of no outcrop
Slide 35: Rast Project Areas – Maghemite
Rast Project Areas – Cobar Basin Fe2O3 For personal use only ~Airborne Magnetic Anomalies~ Recent new mining concepts have suggested that mining Maghemite (magnetic Fe2O3) from shallow palaeochannels may yield a high grade product suitable for steel mills. Maghemite occurrences have long been known
Slide 36: For personal use only
Darwin # Esmeralda g} aims Mount ‘'sa(u) Highland Sherrin Quita fount Isa ® , Brisbane Mulga Tank Katalpa (ni pcm’s) (U Ni Au) | 2 Canbel Yellow Mt (auc =e) ‘anbelego w Cu) (Cu Au Zn PB AQ) — Kalgoorlie weegeerante > Yarindury(c Perth Broken Hill 9) cuz maga. 2 3 Kilparney (4 cu) 2 A net (au Cu Po 2
Slide 37: Mount Isa Phosphate
Mount Isa ? million tonnes For personal use only @ ? P2O5. GCR contributes one third of Legend’s P2O5 to our JV GCR will retain 20%, free-carried to decision to mine, if Legend International earns its 80%. GCR retains 100% of all other minerals ~including uranium and IOCG style targets~
Slide 38: For personal use only
Darwin Esmeralda) Cxims Mount Isa (uv) Highland Sherrin Quita _ Isa » — @ . Brisbane Mulga Tank Katalpa (Ni pcM’s) (UNI Au) © 2 Canbelego Yellow Mt (Au cu) . (Cu Au Zn Pb Ag) Yarindury (cu Kalgoorlie Wagga Tank 2 Perth @ Broken a e (Cu 27 PDAQ Au) %, 2 3 Kilparney (Au cu) A Rast (Au Cu Pb Zn) > suey
Slide 39: Mulga Tank Magnetics
For personal use only Mulga Tank Magnetics The 4 km x 3 km Minigwal Dunite, (olivene- rich peridotite) stands out clearly.
Slide 40: Mulga Tank nickel drill intersections
For personal use only Hole MTD001 averaged 0.20% nickel across the entire 270m of serpentinised dunite from 67.3m MTD002 returned 0.19% nickel over 212m (from 60m). Shallow RAB samples assayed up to 2% nickel.
Slide 41: Pole-Dipole IP Survey Lines
: Location of Pole-Dipole IP Survey Lines - (background of ground magnetics): Nominal Boundary of Magnetic Feature -—~ — ~~. a = cot —- —) i) mi 4008L2S = ‘= O @ iD 5 © ‘= O D i @ oe = © UL Datum: AGDB4 Projection: AMG 751 520000 _ 618000 mE
Slide 42: For personal use only
For personal use only
Slide 43: Gold in Panama
For personal use only Gold in Panama
Slide 44: Panama – a democratic republic
For personal use only Panama - a democratic republic with close ties to the United States. $US currency. It has an open-market economy and a strong banking sector.
Slide 45: The economy is vibrant
For personal use only The economy is vibrant. Panama’s currency is the US dollar, with no exchange restrictions. Company income tax rate is 30%, and a 2% net smelter return government royalty is payable on mine production.
Slide 46: Central Panama Detail Area
Central Panama Detail Area y @ Colon ATLANTI EAN ‘ ee 0 Panama City Pan American Awe Serene Gulf of Panama 2 WO PACIFIC OCEAN [1 GCR Only Applications ZZA GCR Managed JV Granted ZZ GCR Managed JV Applications = O ) a) =) © = (e) “ — © o) — ) UL
Slide 47: Central Panama Projects
ATLANTIC ATLANTIC OCEAN lena <ati‘’ ’ > . Pod PACIFIC OCEAN Petaquilla © _ 1.1 billion tonnes Moiejon 1 Moz Au @ 2.59/ 0.5% Cu, 0.051% Mo Cordillera Alta 0.09 g/t Au 2a 50km Cerro Chorcha 47 million tonnes 8.71% Cu, 0.08 g/t Au 42) =, EL Cope Cerro Colorado David 1.1 billion tonnes 0.7% Cu Rio Tabas
Slide 48: Labrador Uranium - Canada
For personal use only Labrador Uranium - Canada
Slide 49: For personal use only
= ‘= O @ iD 5 © ‘= O D i @ oe = © UL Ungava Bay Churchill Province Superior Province Labrador Sea (Atlantic Ocean) Nain == Province Makkovik sf Province
Slide 50: Notakwanon - Uranium
NOTAKWANON - URANIUM Rust-a-sheared | ankina Tincek
Slide 51: Notakwanon Uranium Channel Stacked Profiles
For personal use only Notakwanon Uranium Channel Stacked Profiles Notak 1 Anomaly
Slide 52: Uranium sample assays
For personal use only 2.28% and 1.26% U308 Six other samples returned assays of between 0.2% and 0.8% U308, with all 23 samples 1 averaging 0.26% U308.
Slide 53: Active gold, phosphate, uranium and base metals explorer
For personal use only Golden Cross is an active gold, phosphate, uranium and base metals explorer • With $2 million in cash • 3,000 shareholders • 633 million shares issued
Slide 54: Remember
Remember: • Copper Hill - added value For personal use only •Burra Copper +6% •Isa Phosphates •Nickel @ Mulga Tank •Canada Uranium & Panama Copper - Gold http://www.goldencross.com.au
Golden Cross Resources — Excellence in Mining & Exploration (September 2008) on 6ix