Kincora Copper Limited · TSXV:KCC
Kincora Copper — London Mines & Money, December 2012
26 slides from Kincora Copper's conference presentation, December 2012
Slide 1: From Discovery to Production
FROM DISCOVERY TO KINCORA PRODUCTION COPPER Copper-Gold Exploration & Development in the Oyu Tolgoi belt Mongolia London Mines & Money, December 2012
Slide 2: Forward-looking statements and qualified person
Certain information regarding the company contained herein may constitute forward- looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not s
Slide 3: Introduction to Kincora Copper
Introduction to Kincora Copper Company Overview § Kincora’s ambition is to be the leading listed independent copper exploration and development company in the highly prospective and proven Oyu Tolgoi South Gobi porphyry copper belt § The Company is currently exploring its wholly owned Bronze Fox,
Slide 4: Corporate overview
Corporate overview § Kincora Copper was formed mid-2011 and is listed on the TSX Venture Exchange (KCC) § Market Cap C$16.2 million (202.4m shares @ C$0.08/sh), Convertible Note C$2.5 million (Jul’12) § First tranche of private placement closed 14 November, 2012, raising C$4.6 million (@ C$0.105/
Slide 5: Directors and senior management
Directors and senior management Stephen Fabian Graduate in Mining Engineering from the University of New South Wales with 25 years mining Chairman and private equity experience John Rickus Head of Technical Services for Origo Partners with over 40 years of mining experience, including President and
Slide 6: Location: copper porphyry systems typically occur in trends/clusters
Location: copper porphyry systems typically occur in trends/clusters The South Gobi’s geology and tectonic setting is highly prospective for large size mineral deposits § Porphyry copper systems provide almost 3⁄4 of the world’s copper and 1⁄2 of the world’s molybdenum § Mid-large scale porphyry s
Slide 7: Location: one of the last underexplored frontiers
Location: one of the last underexplored frontiers Oyu Tolgoi South Gobi copper/gold belt is an proven yet underexplored copper porphyry system § “The Ulaan Khud North discovery reinforces our longstanding belief that with continued exploration there is excellent potential to discover new porphyry d
Slide 8: Location: on China's doorstep increasing M&A appeal
Location: on China’s doorstep increasing M&A appeal and reducing barriers to entry The South Gobi is one of the world’s fastest developing mining regions driven by numerous billion dollar plus greenfield mining projects for copper and coal Selected key mining and infrastructure § Kincora’s projects
Slide 9: Location: a large and strategic landholding
Location: a large and strategic landholding in an emerging infrastructure and mining region A number of juniors and majors alike have a copper presence in the immediate region § Kincora wholly owns a known mineralised footprint covering over 40km2 of a 622km2 license area § Bronze Fox was one of f
Slide 10: Mongolia's true copper potential expected to be illustrated
Mongolia’s true copper potential expected to be illustrated The face of Mongolia mining is reverting back to a copper destination after a brief period of coal exuberance § Tax revenue illustrates the importance of copper production to the Mongolian economy with two world-class mines to be operation
Slide 11: Precedent regional development supports a new emerging peer group
Precedent regional development supports a new emerging peer group The development of the Pilbara provides an advanced roadmap for regional development and M&A for the OT belt without the significant infrastructure, capital and lead time related barriers to entry OT Belt § Bronze Fox was one of four
Slide 12: Timeline of major regional developments
Timeline of major regional developments § IVN‘discovery hole’ in Jul’01 § +C$50m raised by Jan’02 to support maiden § Areva buys East Asia Uranium, and Kerry NI 43-101 resource in Mar’02 Holdings and MCS buy QGX (07-08) § IVN-BHP JV discovers Ulann Khud § IVN embarks on consolidation of the Sou
Slide 13: Timeline of Bronze Fox and Tourmaline Hills
Timeline of Bronze Fox and Tourmaline Hills § First NI 43-101 Technical Report commissioned § Kincora Copper, formerly Brazilian Diamonds, acquires full § Ivanhoe relinquishes ownership of Kincora Group § Ivanhoe Mines (now ‘Turquoise Bronze Fox and Tourmaline § Kincora secures 100% of Bronze F
Slide 14: Near to medium term activities
Near to medium term activities Primary focus remains testing for a Oyu Tolgoi style of porphyry Cu-Au-Mo mineralisation with large resource potential at the Bronze Fox prospect Internal and independent analysis for identified near surface oxide mineralisation potential at Bronze Fox Exploration acti
Slide 15: Kincora licenses and exploration targets
Kincora licenses and exploration targets Current focus is gaining a better understanding of the immediate potential for deeper higher-grade porphyry and near surface oxide mineralisation around the West Kasulu prospect Licenses Exploration Targets 1. North Target 2. Tourmaline Hills 3. Happy Geo 4.
Slide 16: Copper mineralisation (central BF)
Copper mineralisation (central BF) Extensive near surface oxide mineralization occurs in the central area of West Kasulu with intersections +5km apart with moderate grades including 322m @ 0.4% CuEq & 254m @ 0.4% CuEq Highlights Interval Cu eq Start from Hole No. (m) (%) (m) BF6 38 0.79 12 BF7 322 0
Slide 17: Drilling Section - Longsection
Drilling Section - Longsection West Kasulu prospect Kincora Copper | December 2012 17
Slide 18: Drilling Section - continued
Drilling Section - continued Hole F62 confirms potential for a deep high grade porphyry deposit, intersecting 661m at 0.35% Cu (0.44% CuEq), incl 37m at 0.8% Cu (1.07% CuEq). Of the 1,360m drilled over 1,000m graded at least 0.40% CuEq Kincora Copper | December 2012 18
Slide 19: Potential initial oxide development project to provide cash flow
Potential initial oxide development project to provide cash flow and proof of concept A first phase oxide development project, if viable, could provide cash flow to be reinvested into further exploration and conversion to a mining license § Extensive near surface oxide mineralisation occurs in the
Slide 20: Regional consolidation advances strategic appeal
Regional consolidation advances strategic appeal and geological understanding Completed two script deals in the last 14 months with funds to be spent in the ground § Kincora continues to target advanced copper-gold exploration projects to make the Company the leading independent regional exploratio
Slide 21: Summary
Summary Location Large footprint Strategic position in one of the last Highly prospective 622 km2 license area underexplored copper frontiers, the with multiple targets of Cu, Au, and Mo, Oyu Tolgoi Copper Gold Belt in and an identified mineralisation footprint southeast Mongolia of over 40km2 Manag
Slide 22: Appendix: Oyu Tolgoi Case Study
Appendix: Oyu Tolgoi Case Study Oyu Tolgoi Oyu Tolgoi discovery § 1980s: Joint Mongolian—Russian regional geochemical surveys => Moly anomaly in Central Oyu Ore body § 1997: BHP—regional reconnaissance program, geo Hugo Dummet North mapping, stream, soil sediment surveys, Magnetic and Footprint IP
Slide 23: Appendix: copper mineralisation (central BF)
Appendix: copper mineralisation (central BF) Interval Cu eq Start from Interval Cu eq Start from Interval Cu eq Start from Hole No. (m) (%) (m) Hole No. (m) (%) (m) Hole No. (m) (%) (m) BF1 1 1.52 30 F28 27 0.4 617 F20 21 0.51 200 BF6 38 0.79 12 F28 22 0.4 727 F21 30 0.4 surface BF7 322 0.4 60 F29 1
Slide 24: Appendix: corporate structure
Appendix: corporate structure Origo Partners PLC Other shareholders and affiliates Foreign Companies Kincora Copper TSX-V listed company Limited (Canada-registered) 100% 100% BVI company Kincora Group Ltd 100% Companies/assets Mongolian Nadmin LLC Golden Gouse LLC BVI company Mongolia-registered LLC
Slide 25: Appendix: less than 1% of territory is licensed to mining
Appendix: less than 1% of territory is licensed to mining, 14.9% to exploration Kincora Copper | December 2012 25
Slide 26: Head Office and contacts
Head Office Stephen Fabian 910 – 475 Howe Street Chairman & Director Vancouver, BC V6C 2B3 stephen.fabian@kincoracopper.com Canada +1 604 689 2599 John Rickus President & CEO Mongolian Office john.rickus@kincoracopper.com (* new office from Dec’12) Second Floor, DHL Building Sam Spring Peace Avenue