White Cliff Minerals Limited · ASX:WCN
White Cliff Minerals — Investor Presentation (October 2018)
32 slides from White Cliff Minerals's investor presentation, Oct 30, 2018
Slide 1: Investment Presentation: Rights Issue Update
For personal use only Investment Presentation Gold, Copper, Cobalt and Nickel Rights Issue Update October 2018
Slide 2: Disclaimer
Disclaimer For personal use only Private and Confidential • This document is a private and confidential report prepared by White Cliff Minerals Limited (“White Cliff” or the “Company”) for use by White Cliff and its Advisers. It is not to be distributed to third parties without the prior approval of
Slide 3: Investment Summary
Investment Summary For personal use only • Compelling valuation: • Cobalt and nickel assets: – Rights Issue underway – Multiple cobalt-nickel projects – Market Cap $1.4 million – High cobalt grades – Rights Issue to raise $2.3 million – Near processing infrastructure – Pro-forma Mkt Cap $3.7 million
Slide 4: Corporate Structure
Corporate Structure For personal use only Capital Structure – Oct 2018 • Listed in 2007 (ASX Ticker: WCN) Issued Shares 77M Unlisted Options - $0.6 ex price expiring 1 Dec 2018 0.6 M • Gold Projects- Australia and Kyrgyz Listed Options - $0.65 ex price expiring 31 Dec 2018 3M – Merolia Gold - WA (10
Slide 5: Project Summary
Project Summary For personal use only • Kyrgyz gold and copper deposits: – 484,000 Oz Gold (3Mt at 5.1 g/t gold) starting at surface and; – 64,000 tonnes Copper (17.2Mt at 0.37% Copper) starting at surface – Substantial upside potential, multiple additional prospects – Core focus on growing mineable
Slide 6: Kyrgyz Gold and Copper Overview
Kyrgyz Gold and Copper Overview For personal use only • Three major deposits: 1. Aucu high grade vein gold deposit (outcrops at surface) 2. Alluvial gold river system (16 kilometres long) 3. Chanach copper porphyry and skarn deposits • Large scale, resource growth potential, open in all directions –
Slide 7: Location and Country
Location and Country For personal use only • Democratic republic bordering Kazakhstan and China • Strong government support for new mining projects – Prime Minister opening mines – Improved mining law – Secure licence tenure – Strong rule of law • Sharp lift in mining activity • Simple revenue based
Slide 8: Infrastructure and Mining
Infrastructure and Mining For personal use only • Good infrastructure – Excellent access roads – Within 200 km of rail – Low cost of skilled labour – Grid power (~US$0.04/kwh) • Close to regional mining hubs – Taraz (175km), Namagan (200km) – 30km from Ishtamberdy mine and; – 60km from Bozymchak min
Slide 9: Tenure and Physiography
Tenure and Physiography For personal use only Project Tenure: • 57.25 km2 permit • Valid to Dec 2020 • Convertible to mining permit (25 years) Physiography: • Uninhabited valley • Elevated access road • 25km to local village • Local water (for Mill) • Building sites available for mill and infrastruc
Slide 10: The Aucu Gold Deposit
The Aucu Gold Deposit For personal use only • Inferred Mineral Resources: • Simple Metallurgy – 484,000 Oz gold (3Mt at 5.1 g/t) – 88% gravity recoverable gold – 64,000t Copper (17.2Mt at 0.37% Cu) – 98% total recovery – Outcrops at surface: visible gold – Open at depth and along strike • Resource G
Slide 11: Aucu Gold Deposit: Resources and Potential
Aucu Gold Deposit: Resources and Potential For personal use only Upper Gold Zones: Sandstone Zone: Blue lines: Quartz Zone: 116,000 Ounces 102,000 ounces Mineralised faults 76,000 ounces 4.7 g/t gold 11.4 g/t gold Untested by drilling 4.5 g/t gold Lower Gold Zones: 148,000 Ounces 4.0 g/t gold Camp G
Slide 12: Aucu Gold: Metallurgy
Aucu Gold: Metallurgy For personal use only • Excellent Gold Recovery • Hosted in Sandstone – 98% overall recovery1 – Moderate hardness – 88.6% gravity gold recovery2 – Ease of liberation – 278 samples from mineralised – Ease of blasting intersections across whole deposit – Ease of mining – Ease of
Slide 13: Chanach Alluvial Placer Gold System
Chanach Alluvial Placer Gold System For personal use only 4.5km of alluvial mining ASX:WCNPAGE 13
Slide 14: Alluvial Placer Gold System
Alluvial Placer Gold System For personal use only • Alluvial placer gold system: – Visible gold nuggets in river – Gold eroding from Aucu gold deposit – 16km long alluvial system – 80-200m wide and 15m deep – Volume: ~11-13 million m3 • Bulldozer trench results: – 10 trenches – 50-80 metres long – C
Slide 15: Chanach Copper Porphyry Deposit
Chanach Copper Porphyry Deposit For personal use only • Inferred Mineral Resources: Cu porphyry target – 60,000t Copper (16.5 Mt at 0.36%) Cu soil anomalies & Skarn Cu target – Outcrops at surface – Open to north and east • Resource Growth Potential: – Strong copper soil anomaly north and east outsi
Slide 16: Multiple Additional Copper & Gold Targets
Multiple Additional Copper & Gold Targets For personal use only Cu porphyry target Cu soil anomalies & Skarn Cu target Epithermal gold targets Identified – not drilled Copper porphyry deposit 16.5Mt at 0.37% Cu Alluvial gold system 16km long* 80-200m wide Cu porphyry targets 11-13 million m3 Buried
Slide 17: News-flow and Development Plan
News-flow and Development Plan For personal use only • Porphyry and gold geochemical sampling program results • Rock sampling and trenching results • Gold bulk sampling program and drilling Date Development Plan Q2-18 ✓ 2018 resource estimate: 484,000 Oz (3Mt at 5.1 g/t gold) Q3-18 ✓ Phase 2 geochem
Slide 18: Australian Cobalt and Nickel Projects
For personal use only Australian Cobalt and Nickel Projects ASX:WCNPAGE 18
Slide 19: Australian Cobalt-Nickel Projects
Australian Cobalt-Nickel Projects For personal use only • Multiple advanced Australian cobalt-nickel projects – High cobalt grade and large scale resource potential – Located near major nickel and cobalt refining infrastructure – Multiple development options and 100% owned • Focus: Define JORC cobal
Slide 20: Cobalt-Nickel Investment Thematic
Cobalt-Nickel Investment Thematic For personal use only • The ore is high value • The metallurgy is simple – 0.1% Cobalt: $ 60/t USD – Acid leach process – 1.0% Nickel: $124/t USD – Proven technology – Total: $188/t USD – Implemented at Glencore’s Murrin- – Gold equivalent grade# ~5 g/t Murrin proce
Slide 21: Location and Infrastructure
Location and Infrastructure For personal use only • Western Australia – Tier 1: World class location • Close to regional mining support hubs – 250km to Kalgoorlie – 760km to Perth • Excellent access roads • Adjacent to operating mine – Camp/Power/Fuel – Mill/Plant • Within 40km of rail • Within 30km
Slide 22: Regional Mining Activity
Regional Mining Activity For personal use only • Murrin nickel-cobalt deposit – Total resource: 330 Mt at 1% nickel and 0.064% cobalt – Murrin East: 66.4 Mt at 1.1% nickel and 0.09% cobalt – Rocky Well/Matilda : 29 Mt at 0.11% cobalt and 1% nickel – Glencore PLC • NiWest nickel-cobalt deposit – Tota
Slide 23: Projects Summary
Projects Summary For personal use only • Coronation Dam, Western Australia – Near surface cobalt-nickel mineralisation 5.7km long, and 1,000 metres wide – 16 metres at 0.42% cobalt and 1.0% nickel – 24 metres at 0.23% cobalt and 0.8% nickel – Resource drilling program completed- assays pending • Cog
Slide 24: Coronation Dam Cobalt-Nickel Project (100%)
Coronation Dam Cobalt-Nickel Project (100%) For personal use only • Extensive cobalt-nickel system: – 5,700 metres long – 1,000 metres wide – 15-30 metres thick • Drilling results include: – 16 metres at 0.42% Co and 1.0% Ni – 10 metres at 0.46% Co and 1.2% Ni – 24 metres at 0.23% Co and 0.8% Ni – 2
Slide 25: Coronation Dam Cobalt-Nickel Exploration
Coronation Dam Cobalt-Nickel Exploration For personal use only • Drilling program – 5,000m RC drilling- completed – Tested central 1.2km zone of cobalt-nickel mineralisation – Strong mineralisation logged – High cobalt and nickel 1.2km – One metre assays pending • Next Steps/News flow: – Report 1 me
Slide 26: Coglia Well Cobalt-Nickel Project (100%)
Coglia Well Cobalt-Nickel Project (100%) For personal use only • Extensive cobalt-nickel system: – 5,000+ metres long – 1,000 metres wide – 10-20 metres thick • Cobalt-nickel drilling including: – 16 metres at 0.16% Co & 0.65% Ni – 12 metres at 2.2% Ni & 0.06% Co – 4 metres at 3.2% Ni & 0.11% Co • S
Slide 27: Coglia Well Cobalt-Nickel Exploration
Coglia Well Cobalt-Nickel Exploration For personal use only • Current drilling 17m at 0.11% Co, 1% Ni 6m at 0.22% Co, 1.6% Ni – Testing strong cobalt results on 12m at 0.05% Co, 2.2% Ni southern half of tenement – 3,000 metres RC-completed – Extensive cobalt-nickel identified – 0.41% cobalt and 4.2%
Slide 28: Ghan Well Cobalt-Nickel Project (100%)
Ghan Well Cobalt-Nickel Project (100%) For personal use only • Near mining infrastructure – 26 km from Murrin-Murrin nickel- High grade cobalt results cobalt plant (Glencore PLC) • Extensive cobalt-nickel layer – Shallow oxide ore – Large tonnage potential • Drilling results include: – 6m at 0.21% C
Slide 29: Ghan Well Cobalt-Nickel Exploration
Ghan Well Cobalt-Nickel Exploration For personal use only • Large scale target – 11,000m long ultramafic target – 600 - 1,800m wide • Limited existing drilling – 54 RC holes, 2,557 metres 7km – 6.3 km completely untested – 5.3 km sporadically tested 6 km of untested laterite profile • Next steps ~1.
Slide 30: Investment Summary
Investment Summary For personal use only • Compelling valuation: • Cobalt and nickel assets: – Rights Issue underway – Multiple cobalt-nickel projects – Market Cap $1.4 million – High cobalt grades – Rights Issue to raise $2.3 million – Near processing infrastructure – Pro-forma Mkt Cap $3.7 million
Slide 31: Important Information
Important Information For personal use only Competent Person Statement • The information in this report that relates to Exploration Targets and Mineral Resource is based on information compiled by Mr Todd Hibberd, B.Sc Hons (Geol), MSc (mineral economics), Dip Bus, Member AusIMM, Member AICD and an
Slide 32: Contacts
Contacts For personal use only Todd Hibberd Managing Director T: +61 (8) 9321 2233 Mike Langoulant Executive Director T: +61 (8) 9321 2233 White Cliff Minerals Limited T: +61 (8) 9321 2233 A: Suite 2, Level 1, 47 Havelock Street, West Perth WA 6005 | P: PO Box 368, West Perth WA 6872 E: info@wcminer
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