Slide 1: Copper Exploration in Australia's leading IOCG provinces
For personal use only Copper Exploration in Australia’s leading IOCG provinces Company update October 2012
Slide 2: Disclaimer
Disclaimer This document has been prepared by Core Exploration Limited (“Core”, “Company”) and provided as a For personal use only • basic overview of the tenements held or controlled by the company. This presentation does not purport to be all-inclusive or to contain all the information that you or
Slide 3: Investment Overview
Investment Overview For personal use only • Core Exploration (ASX:CXO) offers an investment opportunity in some of the world’s leading copper and uranium mining and exploration provinces. • New Albarta Project comprises 16 tenements covering 1,650km2 over Australia’s new East Arunta IOCG system in t
Slide 4: Albarta in Australia's new IOCG system
Albarta in Australia’s new IOCG system For personal use only • Core’s Albarta IOCG Project covers 1,650km2 in Australia’s newly confirmed East Arunta IOCG (Iron Oxide Copper Gold) system in the NT • The tenements include a number of prospects with high grade copper, gold, uranium, silver and/or REE
Slide 5: Core builds strong position in Australia's newest IOCG Province
Core builds strong position in Australia’s newest IOCG Province For personal use only Figure 1. Core Exploration’s and surrounding tenements and prospect locations, East Arunta IOCG Zone, Northern Territory.
Slide 6: Strong Position in new IOCG Province
Strong Position in new IOCG Province For personal use only • Core broadens exploration activity with large strategic holding of NT exploration tenements • 16 mostly contiguous tenements covering 1,600km2 in a new IOCG province • Existing mineralisation at surface a strong indicator of prospectivity
Slide 7: Albarta Project Prospects
Albarta Project Prospects For personal use only Prospect Copper Gold Uranium Other Oona 2.7% Cu 2.6% Zn Paradise Well 3.8% Cu Blueys 2% Cu 320g/t Ag East Amarata 25 g/t Au Pattersons 30m @ 0.5g/t Au* Daicos 19.4% U 22.3% REE Yambla 13.8% U Blueys Folley 7% REE Mordor 2m @ 1.1 g/t Pt+Pd+Au* Significa
Slide 8: Highly magnetic source rocks underlie Albarta Project
Highly magnetic source rocks underlie Albarta Project For personal use only
Slide 9: Regional geological and structural setting along strike from nearby IOCG discoveries
Regional geological and structural setting along strike from nearby IOCG discoveries For personal use only
Slide 10: Project Tenure
Project Tenure For personal use only • 1,650 km2 over Australia’s newest IOCG province • Transaction 1 – farmin and joint venture: – 5 tenements Arltunga JV – 3 private parties • Transaction 2 farmin and joint venture : – 8 tenements Yambla JV – 2 private parties • Transaction 3 Acquisition 100%: –
Slide 11: Albarta Project Strategy
Albarta Project Strategy For personal use only Core will be exposed to the upside from: • CXO exploration success • Industry and market recognition of a new, outcropping IOCG terrain • Exposure to gold, REE, uranium along with copper focus • Potential to bring in high-spend JV partners on non-core c
Slide 12: Fitton Project: Copper/Uranium in northern South Australia
Fitton Project : Copper/Uranium in northern South Australia For personal use only • Mines and large deposits within the region: – Beverley Uranium Mine – Four Mile – Mt Gee • Proven world-class uranium mining district • High grade copper and uranium at surface • Only 25km from uranium plant producin
Slide 13: Fitton Project
Fitton Project • Up to 10.5% copper and 0.34% U3O8 at Scott Lee Prospect For personal use only • Up to 4% copper, 1g/t gold and 20g/t silver at Choppy Prospect • Also 3 very similar magnetic targets and 1 much larger magnetic target • RC drilling on all targets to commence at Fitton Oct 2012 13
Slide 14: Fitton Project Scott Lee and Choppy Prospects
Fitton Project Scott Lee and Choppy Prospects For personal use only 14
Slide 15: Fitton Project Scott Lee and Choppy Prospects
Fitton Project Scott Lee and Choppy Prospects For personal use only • Scott Lee – High grade up to 10.5% Copper and 0.34% U3O8 in recent outcrop samples* – Hosted in magnetic shear zone in granite – Uranium levels above 100ppm for over 800m – 3 phases of sampling and mapping so far • Choppy – High g
Slide 16: Fitton Project Yerelina EL - Silver Lead Zinc
Fitton Project Yerelina EL - Silver Lead Zinc For personal use only Historic Target Gold Silver Copper Lead Zinc Pb+Zn Great Gladstone 0.02 g/t 203g/t 0.2% 5.0% 2.3% 7.30% Emily 0.01 g/t 12.1 g/t 0.3% 0.9% 12.4% 13.34% Big Hill 0.01 g/t 5.9 g/t 0.0% 1.7% 0.6% 2.35% Summary of best results of reconna
Slide 17: Fitton Project - Yerelina EL Ag/Pb/Zn
Fitton Project - Yerelina EL Ag/Pb/Zn For personal use only • Repeated set of highly mineralised faults/targets 17
Slide 18: Yorke Peninsula Project - Copper
Yorke Peninsula Project - Copper For personal use only • Covers 243km2 in analogous geological setting adjacent to Rex Minerals’ (RXM) Hillside tenements • Located within Olympic IOCG province (e.g. Olympic Dam, Prominent Hill, Carrapateena, Hillside) • Core’s first diamond drill program has hit low
Slide 19: Core's Yorke Peninsula Project Similarities to Hillside
Core’s Yorke Peninsula Project Similarities to Hillside For personal use only • Same host geology • Same age structural and alteration systems • Large-scale structural setting • Similar scale magnetic and gravity targets • IOCG style alteration • Vein and shear hosted copper mineralisation • Low lev
Slide 20: Roxby Downs Project, S.A. - IOCGU
Roxby Downs Project, S.A. - IOCGU For personal use only • Two tenements covering over 400km2 in the core of the Olympic Dam / Carrapateena IOCGU Zone • Project located 40km south of Olympic Dam and within 10km of BHPB’s Wirrda Well and other IOCGU prospects • A number of drill targets with strong ge
Slide 21: Forward Exploration Program
Forward Exploration Program For personal use only Project Q4 2012 Q1 2013 Q2 2013 Fitton, S.A. Fitton RC Drilling Drilling* Yerelina Sampling/Mapping Geophysics Drilling* Albarta, N.T Sampling/Mapping Sampling/Mapping Sampling/Mapping Geophysics Geophysics Drilling* * Subject to results and Board ap
Slide 22: Summary
Summary For personal use only • Core’s shareholders are exposed to the immediate upside from drilling which commences later this month on Fitton Project in S.A. – Core has previously discovered high grade copper (+/-U, Ag, Au) in outcrop at Fitton Project and up to 203g/t Ag and 13% Pb+Zn in samplin
Slide 23: CXO: Corporate Summary
CXO : Corporate Summary For personal use only Capital Structure • Shares on issue 41.5M • Options (25c) 8.5M • Share Price ~$0.08c • Market Cap (undiluted) ~$3.3M • Cash (30 June 2012) $2.2M Board and Management Stephen Biggins Managing Director MBA, BSc (Hons) Geol, MAusIMM (ex SAU, & IVR(SNU)) Gre
Slide 24: For further information please contact
For further information please contact: Mr Stephen Biggins For personal use only Managing Director Core Exploration Limited Tel: 08 7324 2987 admin@coreexploration.com.au The information in this report has been compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as Managing Director of Core Exploration